Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the government is looking at various projects in Norway with an eye on expertise to upgrade and expand India’s energy capabilities.
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NIDC's CEO prioritizes localizing key equipment and increasing domestically manufactured components in drilling projects, resulting in $7 million savings from the construction of its third domestically built rig.
Brent crude rose 36 cents, or 0.5 percent, to $68.66. U.S. West Texas Intermediate crude fell 1 cent to $66.99.
Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.
Referring to the government's policy of developing solar power plants in the country, the director of the engineering office of the Iranian Water and Power Resources Development Management Company said: "Based on this, the construction of solar power plants next to dams has been put on the agenda."
India’s Oil and Natural Gas Corporation (ONGC) has partnered with Mitsui O.S.K. Lines (MOL), Japan’s leading shipping company and one of the largest in the world, to build, own, and operate two Very Large Ethane Carriers (VLECs).
Russian natural gas exports to the EU saw a sharp month-over-month contraction of 18.3% in June, according to data compiled by Reuters. The drop was reportedly attributed to maintenance of the gas-pumping infrastructure.
OPEC+ agreed to increase production by 548,000 barrels per day in August, marking the first meeting since oil prices surged and then retreated following attacks on Iran.
A member of the Iranian Parliament's Energy Committee praised the Oil Ministry and NIORC for their timely and effective measures in meeting public gasoline needs.
Brent crude fell 35 cents, or 0.51 percent, to $68.45 a barrel, while U.S. West Texas Intermediate crude fell 25 cents, or 0.37 percent, to $66.75.
India’s Russian oil imports rose to an 11-month high in June, further cementing Moscow’s continued dominance in New Delhi’s oil import basket.
Saudi Arabia and Indonesia have signed agreements worth $27 billion, covering clean energy, petrochemical industries, and aviation fuel services, during Indonesian President Prabowo Subianto's visit to the Kingdom.
The Trump administration imposed new sanctions targeting Iran’s oil trade on Thursday as part of its maximum pressure campaign, the US Treasury Department announced.
India’s External Affairs Minister S. Jaishankar has said that New Delhi has raised concerns with U.S. Senator Lindsey Graham regarding a proposed bill that threatens to impose massive tariffs, up to 500%, on countries that continue importing oil from Russia.
Iranian energy minister announced that next week, three new packages, one conventional and two more technical models, will be unveiled for the construction of household solar power plants.
The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday, July 2 2025, at the OPEC Secretariat in Vienna, Austria.
Brent crude rose 5 cents to $67.16 a barrel, while U.S. West Texas Intermediate crude was flat at $65.45 a barrel.
India's renewable energy sector faces financial challenges as subsidy ends, requiring projects to pay transmission costs after June, potentially increasing green energy tariffs and hindering clean energy goals.
Iran's Energy Minister, Abbas Aliabadi, launched 316 megawatts of solar capacity across 40 sites, praising local efforts in Mahallat County for driving renewable transition and reaffirming government support for solar investment.
During the 12-day war between Iran and Israel, Iran experienced a 50% increase in gasoline consumption, posing logistical challenges for fuel distribution, but fuel supply remained uninterrupted.