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Budget allocates Rs.18,000 crore for power distribution reform

New Delhi, Feb. 2 -- The Union government has allocated Rs.18,000 crore in the budget for FY27 for the revamped distribution sector scheme (RDSS) amid a renewed push to reform the power distribution s... Read More


Budget 2026: Centre to restructure Power Finance Corp., REC

New Delhi, Feb. 1 -- The Centre will restructure power sector-focused financial institutions, Power Finance Corp. Ltd and REC Ltd, Union finance minister Nirmala Sitharaman said in her Budget 2026 spe... Read More


Budget 2026: Rs.20,000 cr incentives for carbon capture, utilization, storage

New Delhi, Feb. 1 -- The Centre will roll out a scheme to incentivize the carbon capture, utilization, and storage (CCUS) technologies with an outlay of Rs.20,000 crore for a period of five years, Uni... Read More


Canada back in play: Indian Oil to double down on assets as ties improve

Panaji, Jan. 30 -- Indian Oil Corp. plans to step up exploration and production activity in Canada and explore sourcing crude oil and liquefied natural gas from the country, as India and Canada move t... Read More


Energy pivot: India explores US liquefaction investments, Japan upstream tie-ups, says Hardeep Puri

New Delhi, Jan. 30 -- In a bid to deepen energy partnership with the US amid a volatile geopolitical backdrop, Indian oil and gas companies are exploring investments in natural gas liquefaction facili... Read More


ONGC to offload stake in petchem arm OPal, eyes global investors

Panaji, Jan. 30 -- State-run Oil and Natural Gas Corp. plans to come up with a global tender for selling stake in its petrochemical subsidiary, according to a top executive. ONGC Petro additions (OPa... Read More


Adnoc Gas, TotalEnergies, Gunvor in fray for BPCL's Rs.35,000-crore LNG contract

Panaji, Jan. 30 -- At least 10 global energy majors-including Abu Dhabi National Oil Co. (Adnoc) Gas, France's TotalEnergies and Geneva-headquartered trading firm Gunvor-have shown interest in state-r... Read More


ONGC eyes partnership with ExxonMobil to jointly bid for oil & gas blocks

Panaji, Jan. 28 -- State-run Oil and Natural Gas Corp. (ONGC) is eyeing collaboration with ExxonMobil to jointly bid for India's hydrocarbon blocks in the tenth round of auctions under the Open Acreag... Read More


ONGC eyes partnership with ExxonMobil to jointly bid for oil & gas blocks

New Delhi, Jan. 28 -- Panaji: State-run Oil and Natural Gas Corp. (ONGC) is eyeing collaboration with ExxonMobil to jointly bid for India's hydrocarbon blocks in the tenth round of auctions under the ... Read More


BPCL in talks with global shipping lines to source LNG from upcoming bunkering facility

Panaji, Jan. 28 -- State-run Bharat Petroleum Corporation Ltd is in talks with several global shipping lines including Danish shipping major Maersk, Italian major Mediterranean Shipping Company S.A (M... Read More