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19Apr

By Newscript News NetworkNo Comments

News Bulletin

ONGC Leans on BP to Unlock Gas Reserves

ONGC confirmed in September its engagement of BP technical specialists to accelerate Krishna-Godavari basin development. The partnership addresses persistent challenges in India’s most promising offshore region, where complex deepwater reservoirs have frustrated domestic expertise. Production delays have broader implications for India’s energy security. Domestic crude output declined to 20.7mn tonnes in FY2024 from 25mn tonnes a decade earlier, while natural gas production stagnates despite growing demand. Import bills exceed $175bn annually for crude oil alone. BP’s involvement brings North Sea and Gulf of Mexico experience to deepwater drilling and reservoir management. The collaboration follows similar arrangements with ExxonMobil and other international majors as ONGC acknowledge...

Coal India Gains from Tax Overhaul

September’s GST restructuring delivered unexpected relief for India’s coal sector. While raising the base rate from 5% to 18%, the government eliminated a ₹400 per tonne cess, creating a net reduction of ₹180 per tonne from September 22. Coal India, which supplies 80% of domestic production, stands to benefit most from improved price competitiveness against imports. The state miner produced 703mn tonnes in FY2024 while India imported 261mn tonnes, primarily higher-grade coal for steel production and thermal generation. The reform reflects New Delhi’s balancing act between climate commitments and energy security. Coal still generates 70% of India’s electricity, and demand continues rising alongside industrial expansion. Rather than accelerating coal’s decline, the government chose to ...

India Fast-tracks Hydrogen in Industrial Transition

India’s green hydrogen ambitions moved beyond policy rhetoric in 2025. The government’s ₹19,744 crore National Green Hydrogen Mission aims for 5mn tonnes annual production by 2030, with initial facilities taking shape in Gujarat’s industrial belt, Odisha’s port complexes and Tamil Nadu’s renewable corridors. Production costs remain challenging at $3-5 per kilogram, well above the $1 threshold needed for commercial viability against fossil alternatives. However, manufacturers are banking on scale economics and improved electrolyser technology to bridge this gap within five years. Industrial buyers face mounting pressure from global supply chains demanding carbon-neutral inputs. Fertiliser producers, oil refineries and steel mills—sectors consuming most of India’s current 6mn tonnes of...