Against widespread forecasts of refinery closures, the launch of the HPCL facility emerges as a rare new‑build, large‑scale addition to global refining capacity. Prime Minister Narendra Modi will dedicate the HPCL Rajasthan Refinery, India’s first greenfield integrated refinery‑cum‑petrochemical complex, to the nation in Rajasthan’s Balotra district. The commissioning of this landmark project marks a major...
Category: Oil & Gas
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India, Japan Join Hands to Build Energy Resilience
The two countries will cooperate on five priority areas: building a strategic stockpiling ecosystem, amplifying the voice of energy‑consuming nations, strengthening energy transport, deepening institutional collaboration, and creating a platform for dialogue. India and Japan have agreed to work together to strengthen global energy resilience amid ongoing geopolitical challenges. The understanding was reached during a...
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SK Sinha Appointed Director Finance at GAIL, Bringing Three Decades of Expertise
In a long career, Sinha has played a pivotal role in strengthening GAIL’s financial systems, enhancing investor engagement, and driving strategic financial decision-making. SK Sinha on Wednesday assumed charge as Director Finance of GAIL (India) Ltd, India’s integrated energy major. Before joining the company’s board of directors, he served as Executive Director of Finance &...
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India Clears LNG Diversification Test Amid West Asia War and Hormuz Closure
Even as the Strait of Hormuz reopens to restore energy flows and bolster market confidence, normalisation and inventory recovery will take longer, a new S&P analysis has noted. India’s diversified energy sourcing strategy mitigated major disruptions caused by the West Asia conflict, keeping April and May 2026 liquefied natural gas (LNG) imports near normal levels...
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Centre, Assam, Nagaland Sign Tripartite MoU to Unlock Border Hydrocarbons
Union Home Minister Amit Shah said the tripartite agreement would unlock new possibilities for oil and natural gas exploration, as well as mineral mining, across the Northeast. As part of India’s long‑term energy security strategy, the Government of India and the State Governments of Assam and Nagaland signed a tripartite MoU on Thursday to facilitate...
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India Clears ₹100 Billion ATF Stabilisation Package Amid West Asia Crisis
The ATF price stabilisation mechanism will operate for 36 months, subject to annual review or until the support amount is fully recovered, whichever comes first. Reeling from the high cost of aviation turbine fuel (ATF) since the start of the West Asia conflict in March this year, scheduled Indian carriers are in for some relief...
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GAIL Posts ₹69.68 Billion Profit for FY2025-26 Amid Global Headwinds
The company reiterated its focus on operational continuity, cost discipline, and supply reliability as it navigates a volatile market environment. GAIL (India) Ltd, the country’s leading natural gas transmission and marketing company, reported a profit after tax (PAT) of ₹69.68 billion for FY2025-26, reflecting moderated profitability amid geopolitical headwinds. Deepak Gupta, Chairman & Managing Director, said,...
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Air India Slashes 29 International Routes Amid ATF Price Surge
The airline attributed the curtailment of international services to ongoing airspace restrictions and record-high jet fuel prices, which have eroded the viability of several routes. Air India has announced cuts across 29 international routes between June and August 2026, suspending six services and reducing frequencies on others, as record-high aviation turbine fuel (ATF) prices and...
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S&P Urges Breaking Barriers as India Growth Outlook Moderates
A report by the global consultancy says the energy shock could be an opportunity to tackle tactical issues and clear roadblocks, helping the world’s fastest‑growing major economy achieve longer‑term growth and sustainability goals. The energy price surge and supply constraints triggered by the conflict in West Asia are feeding into broader economic stress for India,...
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India and Asian Markets Adapt to Middle East LNG Disruption: S&P Global Energy
India’s gas allocation framework prioritises fertilisers, city gas, and transport, leaving power, refining, and petrochemicals more exposed to supply curtailments, according to the global energy analytics firm. Asian markets are deploying a range of strategies to cope with liquefied natural gas (LNG) supply disruptions from the Middle East, according to S&P Global Energy, a leading...