After EU sanctions, Nayara Energy is using dark-fleet tankers and a limited crude import selection to maintain operations, raising concerns in India about energy security. The government has approved coastal tankers, including sanctioned vessels, to assist Nayara. Despite challenges, Russia assures continued crude supplies, employing special mechanisms to bypass sanctions.
Adani Energy Solutions Limited has commissioned a 1,000 MW HVDC transmission link between Kudus and Aarey in Mumbai. This project, featuring the world’s first compact HVDC substation, aims to enhance Mumbai’s power supply reliability and integrate renewable energy sources. It was conceived following the 2020 Mumbai blackout to reduce reliance on in-city generation and strengthen…
Uttar Pradesh’s power regulator has put off approving a supply deal with Adani Power’s new $2-billion coal project, citing unclear cost details. Adani Power had won a contract in May to supply 1,500 MW at ₹5.38 per unit, but the regulator said the state utility did not assess how much money the plant would save…
Reliance Industries cautions that geopolitical tensions and tariff uncertainties could disrupt global trade, impacting its oil-to-chemicals business. The warning follows the US imposing additional tariffs on Indian goods, potentially harming key export sectors like textiles and chemicals. Upcoming India-US trade negotiations are crucial amidst concerns of trade distortions and stagnating demand in China.
Following EU sanctions, shipowners and oil traders are increasingly avoiding Russia-backed Nayara Energy, leading to logistical disruptions. Several tankers, including the Talara and Chang Hang Xing Yun, have altered their courses, canceling planned cargo pickups from Vadinar port. This hesitation raises concerns about broader impacts on trading and financing for the Indian refiner, in which…
ONGC plans to invest over Rs 4,600 crore in Andhra Pradesh’s Konaseema District for oil and gas development, including drilling wells and establishing processing facilities. The project requires environmental clearance, with the EAC requesting a biodiversity assessment and restoration plan. This initiative is expected to create direct and indirect employment opportunities.
SJVN Ltd announced that Sipan Kumar Garg’s additional charge as Director (Finance) has been extended for three months, effective Monday. This extension will continue until a permanent appointment is made or further directives are issued.
The Iran war has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset crude supply disruptions by sourcing oil from countries, including Russia, gas supplies have been curtailed to industrial users and LPG availability to commercial establishments, such as hotels and restaurants,…
Indian Oil Corporation has bought Colombian crude for the first time. This move diversifies India’s oil sources away from Russia. Indian refiners are seeking new suppliers due to sanctions. Indian Oil Corporation secured two million barrels of Castilla crude. This purchase is for delivery in late February. The company has an option to buy more.
India’s power demand is set for a significant rise of 5.0-5.5 percent in 2026-27. This growth will be fueled by industrial, commercial, agricultural, and household sectors. Emerging sources like electric vehicles and data centers will also contribute. Thermal plant utilization will stay steady. Distribution companies face challenges with high debt and muted tariff hikes, impacting…