Oil India Archives - Newscript EnergyWorld

Coal India powers up ₹25,000cr renewable empire

14Sep

By Newscript News NetworkNo Comments

Coal India powers up ₹25,000cr renewable empire

Executive Summary Coal India commits ₹25,000 crore ($3bn) to develop 4.5GW renewable capacity Partnership with AM Green for renewable ammonia production facilities Targeting 2,500-3,000 MW solar and 1,500-2,000 MW wind projects Strategy aims to future-proof 229,000-strong workforce MoU signed 7 May 2025, marking radical departure from fossil fuels At a windswept site in Rajasthan’s Thar desert, where Coal India once prospected for lignite deposits, engineers now measure wind speeds and solar irradiation levels. The scene captures the magnitude of change at the world’s largest coal producer. Coal India Limited has committed ₹25,000 crore ($3bn) to develop 4.5GW of renewable capacity, marking the state-owned miner’s most radical departure from its fossil...

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

14Sep

By Newscript News NetworkNo Comments

News Bulletin, Newsletter, Oil & Gas Industry

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

Executive note India’s oil exploration sector faces a punishing fiscal blow after the GST Council’s decision to raise service taxes from 12% to 18%. The September 2025 hike will saddle upstream companies with billions in additional costs, squeezing ONGC, Oil India, Vedanta and Reliance at a time when commodity price volatility and currency pressures already challenge project economics across the energy sector. India’s upstream oil and gas industry has absorbed a significant fiscal shock following the Goods and Services Tax (GST) Council’s decision to increase rates on exploration and production services. The tax rate climbs to 18% from 12%, effective September 22, 2025, covering petroleum exploration, mining, drilling, and related support activities across the sector. Indu...

Oil Market Pressures, Weakening Rupee Pose Critical Threats on Indian Energy Giants

14Sep

By Pallab BhattacharyaNo Comments

News Bulletin, Newsletter

Oil Market Pressures, Weakening Rupee Pose Critical Threats on Indian Energy Giants

Executive summery Brent crude slides to mid-$60s as OPEC+ discipline fragments EIA forecasts sub-$60/barrel pricing for Q4 2025 Indian upstream producers face margin compression amid deep-water capex cycles Downstream players navigate inventory volatility with mixed results Rupee weakness near ₹88/$ amplifies import-export complexities Energy sector braces for fundamental recalibration Oil markets have entered turbulent waters, with Brent crude hovering around $67 per barrel as producer discipline fragments across OPEC+ nations. The cartel’s decision to unwind production cuts has coincided with softening global demand, prompting the US Energy Information Administration to forecast Brent averaging below $60 per barrel in the fourth quarter—the lowest quarterly a...

28Aug

By Pallab BhattacharyaNo Comments

Oil & Gas Industry

Gas Gamble in India’s Remote Northeast

Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL) have agreed to set up Arunachal Pradesh’s first state-wide City Gas Distribution (CGD) network, taking India’s natural gas expansion to one of its most sparsely populated and geographically difficult states. The licence, awarded under the 12th round of the Petroleum and Natural Gas Regulatory Board (PNGRB), covers the entire state rather than select districts, making it the first comprehensive CGD concession in India’s northeastern frontier. Structure and Infrastructure The venture will be operted as a 50:50 joint venture between the two state-run energy companies, with provision for the Arunachal Pradesh government to take up to 10 per cent equity. The network will include compressed natural gas (CNG) stations fo...

Oil India: Modest Discoveries, Cautious Partnerships

18Aug

By Newscript News NetworkNo Comments

News Update

Oil India: Modest Discoveries, Cautious Partnerships

By Special Correspondent Newscript, August 18, 2025 Oil India Limited, India’s second-largest explorer, has quietly expanded its resource base with seven new oil and gas finds over the past four years. The discoveries are modest compared with ONGC’s 75 MMTOE reserves, but they reflect steady incremental gains from under-explored basins. The company has also entered into a joint operating agreement with ONGC for three OALP-IX blocks, signalling recognition that collaboration is essential to derisk exploration in frontier areas. This partnership model could prove vital in unlocking resources faster, though execution will hinge on regulatory agility. Oil India’s strength lies in its relatively nimble structure and regional expertise in the Northeast, where it has maintained stead...

8Aug

By Newscript News NetworkNo Comments

News Update

Daily News Updates

By Team Newscript August 8, 2025 India Energy News Oil India–IREL MoU: a strategic bet on rare earths Oil India Ltd (OIL) has signed an MoU with IREL (India) Ltd to co-develop critical minerals and rare earths, a move that dovetails with New Delhi’s push to de-risk clean-tech supply chains. The tie-up signals an intent to move beyond upstream hydrocarbons into strategic ores used in magnets, EVs and wind turbines. While commercial terms weren’t disclosed, the ministries that oversee the firms (Petroleum & Natural Gas; Atomic Energy) position this as part of the national critical minerals mission. Expect joint work on exploration, beneficiation and processing—areas where India seeks to compress learning curves historically dominated by China. Oyster Renewables: ₹16,000 ...