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Tag: India

India’s Offshore Gamble: ONGC, Reliance and BP Unite in Saurashtra
19Apr By Pallab BhattacharyaNo Comments
Oil & Gas Industry

India’s Offshore Gamble: ONGC, Reliance and BP Unite in Saurashtra

India’s growing dependence on imported crude oil has become a defining challenge for its economy. The country now imports nearly 85% of its oil requirements, creating a $220bn annual burden. Against this backdrop, three very different players — ONGC (Oil and Natural Gas Corporation), Reliance Industries Ltd (RIL) and BP Exploration — have joined forces in a new consortium to explore the Saurashtra basin offshore block. The partnership, under the government’s Open Acreage Licensing Policy (OALP-IX), will focus on Block GS-OSHP-2022/2 off the coast of Gujarat. ONGC will serve as the operator with a 40 per cent stake, while Reliance and BP each hold 30 per cent. The project has been billed by the Ministry of Petroleum as a strategic collaboration to enhance India’s energy security. Join...
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From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update
19Apr By Newscript News NetworkNo Comments
Energy Transition, News Update, Renewables

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

Executive Summary This update examines India’s accelerating energy transition through multiple lenses: record renewable growth driving historic emissions reductions, transformative GST reforms unleashing investment, and ambitious infrastructure modernisation plans. We explore corporate developments at Tata Power and Adani Power, regional initiatives in Haryana’s decentralised energy programme, improved mine worker safety protocols, and international partnerships including Zimbabwe’s Jindal deal. The analysis reveals a sector reaching an inflection point where policy, investment and technology converge to reshape India’s energy landscape fundamentally. Energy Prices Hold Firm but Global Volatility Looms India’s energy markets are calm but cautious as WTI crude sits at $63.75 per barrel...
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PREDATORS SCRIPT INDIA’S SOLAR GROWTH STORY
19Apr By Satyapal MenonNo Comments
Renewables

PREDATORS SCRIPT INDIA’S SOLAR GROWTH STORY

19TH OCTOBER, 2025 The debate over protectionism and predatory pricing, very often, lack rationale and logic.  The noise and indignation against  invasion of domestic market place by foreign predators  cannot camouflage the truth.    Consumers, and , end users  prefer qualitative  and durable products  -  indigenous or imported  - at affordable prices. The demand for imported or foreign products  reflects the deficiencies in indigenous products and their incompatibility with the competitive environment. Believe it or not,  China is playing a crucial role in India's solar energy evolution and revolution. Perhaps, this can be construed as ridiculous and incredible, but the solar success story can be attributed to so-called predatory pricing by China. India 's imports of of toughened te...
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HPCL profits from slate agility and downstream efficiency
19Apr By Newscript News NetworkNo Comments
ESG

HPCL profits from slate agility and downstream efficiency

Hindustan Petroleum Corporation Ltd (HPCL) surprised with a tenfold jump in quarterly profit to ₹4,371 crore, as marketing margins improved and throughput reached record highs. Visakh and Mumbai refineries together processed 6.66 million tonnes in Q1, operating above 109% utilisation. The company’s edge lies in crude-sourcing agility. Chairman Vikas Kaushal confirmed HPCL is actively scouting non-Russian barrels to cushion against narrowing discounts and sanctions. “Alternative crudes will be critical to hedge volatility,” he said, signalling a portfolio approach more typical of global traders than Indian PSUs. On operations, HPCL has invested in advanced process controls, waste heat recovery, and energy management systems. Fuel and loss were trimmed to 6.88%, a record low. Analysts ...
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ONGC squeezes brownfields while scouting new offshore pools
19Apr By Newscript News NetworkNo Comments
Oil & Gas Industry

ONGC squeezes brownfields while scouting new offshore pools

Oil and Natural Gas Corporation (ONGC) reported an 18% rise in consolidated profit in Q1 FY26, despite a 20% fall in realised crude prices to $66 per barrel. The story is one of disciplined engineering: smaller exploration finds in Mumbai Offshore, restart of the PY-3 field in the Cauvery Basin, and enhanced oil recovery projects at mature fields in Ahmedabad. Gas is becoming the strategic cushion. ONGC has brought coal-bed methane from North Karanpura to market and commenced supplies from Tripura into GAIL’s city-gas network. These incremental additions mirror international practices—Equinor in Norway and Petrobras in Brazil have likewise prioritised brownfields and small pools when prices soften. Safety remains under scrutiny after a recent fatal incident at subsidiary MRPL. Manage...
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Indian Oil balances volatile margins with LNG hedges and Russian barrels
19Apr By Newscript News NetworkNo Comments
Oil & Gas Industry

Indian Oil balances volatile margins with LNG hedges and Russian barrels

Indian Oil Corporation (IOC), India’s largest refiner, saw profit pressure in the June quarter as marketing margins fluctuated and inventory losses weighed. Revenues held near ₹2.22 trillion, but the numbers underlined how exposed state refiners remain to crack spreads and regulatory discipline. Operationally, IOC is leaning on term LNG contracts indexed to Henry Hub to hedge against volatile spot prices. Earlier this year it signed a five-year supply arrangement with Trafigura, ensuring baseload gas for its captive power and city-gas distribution. The company has also resumed purchases of discounted Russian oil as arbitrage widened, trimming feedstock costs at coastal refineries. Executives argue flexibility is key. “Securing a diverse crude basket is central to operational stabilit...
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BPCL’s hydrogen pivot signals a new phase for India’s refining giant
19Apr By Newscript News NetworkNo Comments
Renewables

BPCL’s hydrogen pivot signals a new phase for India’s refining giant

Bharat Petroleum Corporation Ltd (BPCL) posted a stronger-than-expected profit in the first quarter of FY26, with net earnings of ₹61.24 billion against market estimates closer to ₹57 billion. Softer crude costs and improved marketing spreads underpinned the numbers, but management is keen to highlight a different narrative: the company’s accelerating bet on green hydrogen. BPCL has begun pilot projects to produce hydrogen for refinery desulphurisation and has partnered with KPIT and the Kerala government on India’s first hydrogen bus corridor. “Hydrogen-powered mobility is the future of sustainable transportation,” Chairman G. Krishnakumar told reporters in Kochi, underscoring the ambition to leapfrog conventional gas. The strategy mirrors Europe’s majors. Repsol in Spain and Italy’...
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SECI Issues Landmark Green Ammonia Tender
19Apr By Newscript News NetworkNo Comments
News Update, Renewables

SECI Issues Landmark Green Ammonia Tender

By Newscript News Network August 20, 2025 SECI has issued a tender for 724,000 tonnes/year of green ammonia across 13 fertiliser plants under the SIGHT scheme. Officials described it as India’s most ambitious clean fuel procurement yet. “This is about assured demand,” said an MNRE official. Fertiliser executives welcomed the move, saying it would drive scale and reduce costs. Analysts warn of cost gaps with grey ammonia, but the tender could anchor India’s domestic market and pave the way for exports.
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India Bets on Small Modular Reactors to Expand Nuclear Power
19Apr By Newscript News NetworkNo Comments
News Update, Power

India Bets on Small Modular Reactors to Expand Nuclear Power

By Newscript News Network August 20, 2025 India has allocated ₹20,000 crore in Budget 2025–26 for Small Modular Reactor (SMR) R&D, aiming for five operational SMRs by 2033. Nuclear capacity targets include 100GW by 2047. “SMRs can be deployed faster and closer to demand centres,” a Department of Atomic Energy official said. Analysts see India aligning with U.S., Canada, and China. Challenges remain around waste, liability, and financing. But SMRs could be India’s path to clean baseload power.
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