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Storage, transmission key for next phase of India's energy transition: Experts

New Delhi, Aug. 7 -- With renewable energy capacity expanding and tariffs already lower than those of conventional power, the next phase of India's energy transition will depend on a rapid expansion o... Read More


Mint Explainer | Why India is betting big on deepwater oil and gas exploration

New Delhi, Aug. 5 -- The Union cabinet last week approved the ambitious Rs.84,000 crore Samudra Manthan scheme for offshore deepwater hydrocarbon exploration for a period of five years. The initiative... Read More


L&T bags order worth over Rs.15,000 crore for offshore gas facility in Abu Dhabi

New Delhi, Aug. 4 -- L&T Energy Hydrocarbon Offshore has secured an order worth over Rs.15,000 crore from ADNOC Offshore to develop the Umm Shaif Gas Cap, a $6.2 billion offshore gas development proje... Read More


Brent climbs above $90 a barrel as fresh US-Iran conflict raises risks for India

New Delhi, July 30 -- Brent crude climbed above $90 a barrel on Thursday as the latest escalation between the US and Iran renewed fears of supply disruptions in West Asia, sharpening concerns over Ind... Read More


Oil prices surge 6% amid fresh escalation in West Asia

New Delhi, July 29 -- Crude prices jumped over 6% on Wednesday amid fresh attacks on Iraq by the US and Saudi Arabia and Iran's strikes on US military assets in Jordan, reviving concerns over a wider ... Read More


Near-zero power prices threaten renewable energy economics

New Delhi, July 28 -- New Delhi: Real-time market (RTM) electricity prices on the Indian Energy Exchange (IEX) plunged to nearly 10 paise per unit on Tuesday, extending a trend of prices repeatedly fa... Read More


Govt projects 26 GW of power demand from data centres by FY32

New Delhi, July 27 -- New Delhi: Data centres are projected to consume 26.3 gigawatts of power by 2031-32, said Union minister of state for power, Shripad Yesso Naik, in a written reply in the Rajya S... Read More


Crude tumbles as US-Iran pause eases pressure, but risks to India's oil supply remain

New Delhi, July 27 -- Indian refiners got some breathing room on Monday after crude prices tumbled more than 9%, slipping below $90 a barrel as the US and Iran paused strikes over the weekend followin... Read More


Multiple discoms may supply power through existing distribution networks

New Delhi, July 24 -- The consultative committee of the power ministry discussed a proposed framework to allow multiple power distribution companies (discoms) to supply power through existing distribu... Read More


West Asia war pushes ONGC to plan India's first strategic gas reserve

New Delhi, July 23 -- State-run Oil and Natural Gas Corp. Ltd, or ONGC, is planning to create India's first strategic natural gas reserve near its gas-producing assets in western India, according to t... Read More