BP is selling a major part of its Castrol lubricants business to Stonepeak for approximately $6 billion. This deal values Castrol at $10.1 billion. BP will keep a 35% stake in a new joint venture. The funds will help BP reduce its debt. This is a key step in BP’s plan to sell assets and…
India will postpone maintenance on approximately 10,000 megawatts of coal-fired power generation capacity until July. This decision aims to ensure sufficient power supply during the country’s peak summer demand. Additionally, around 8,000 megawatts of gas-fired generation capacity is experiencing disruptions. These issues stem from increased fuel costs influenced by the ongoing Iran war.
Apraava Energy is the country’s leading integrated energy solutions provider headquartered in Mumbai. It is jointly owned by the CLP Group — one of the largest investor-owned power businesses in Asia and La Caisse (formerly CDPQ), a global investment group.
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
A new article published in the peer-reviewed journal “Patterns” has caught the attention of various mainstream media such as the BBC and Bloomberg. The article by Digiconomist-founder Alex de Vries, titled “Cryptocurrencies on the road to sustainability: Ethereum paving the way for Bitcoin,” discusses the progress that Ethereum has made in reducing its electrical energy…
ExxonMobil’s director of economics and energy, Prasanna V Joshi, stated that investments in oil and gas production are becoming more critical as alternative solutions are not emerging as rapidly as anticipated. Capital originally planned for transition projects is being reallocated to conventional oil and gas due to market and policy challenges for low-emission technologies.
Adani Energy Solutions Ltd has acquired KPS III HVDC Transmission Ltd. This move strengthens AESL’s strategy for shareholder value. The project will help evacuate 2.5 GW of renewable energy. This is part of the Khavda renewable energy park’s expansion. The acquisition was completed on December 12, 2025. The deal was done at face value.
West Asia War: Oil companies face a 30-50% drop in diesel sales to bulk customers. Large buyers are now purchasing fuel from retail pumps where prices are about ₹50 per litre cheaper. This shift is extending losses for oil marketing companies. State transport corporations are exempt from these higher bulk prices. The price gap is…
Oil prices are soaring, pushing the government to consider raising fuel costs. State-run companies are facing significant losses due to the sharp increase in crude oil. While elections are over, a decision on price hikes remains pending. Consumers have seen stable prices so far, but this situation may not last.