State-run oil and gas companies have spent ₹71,000 crore, 54% of their annual capex target, with ONGC leading spending. This investment covers drilling, exploration, and recovery projects. Indian Oil Corp
Continue readingPSU oil companies hit 54% of FY26 capex goal
GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on January 27 at Sabine Pass, Louisiana, and on March 10 at Cove Point,
Continue readingGAIL India issues swap tender for two LNG cargoes, says report
Global oil tanker rates have surged to five-year highs, driven by new US sanctions on Russian oil and increased supply from the Middle East and US. VLCC charter costs have
India’s imports of Russian crude oil will see a significant drop soon. New US sanctions target key Russian oil exporters. Refiners are adjusting to these changes. While direct imports will
Continue readingNew US sanctions threaten to disrupt India's Russian oil lifeline
Rolls-Royce anticipates its non-governmental power systems business in India will surpass government supplies by 2026-27. This shift is fueled by a surge in demand from data centers, semiconductor manufacturing, and
The project will be implemented through a special purpose vehicle (SPV), owned 60% by DGPC and the remainder by Tata Power. Tata Power will be investing about ₹1,572 crore in
Continue readingTata Power to invest Rs 1,572 crore in Bhutan's Dorjilung project
Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40% stake in a special purpose vehicle for the 1,125 MW Dorjilung hydropower project in Bhutan.
Oil marketing companies are set for a significant profit boost this fiscal year. Operating profits are projected to jump over 50 percent to $18-20 per barrel. This surge is driven
Continue readingOperating profit of oil marketers set to jump over 50% to in FY26: Crisil Ratings
New US sanctions are set to disrupt Russian oil exports. Millions of barrels may be stranded as tankers seek new routes. Indian refiners are already securing alternative supplies. This move
Continue readingUS sanctions on Russian oil set to kick in, with 48 million barrels of crude at sea
In a suo motu ruling, the Central Electricity Regulatory Commission (CERC) said monthly tariffs must be revised-or refunds issued-to reflect the GST rate cut to 5% from 12%. The directive,