BP’s New Offshore Project In India
A current existing deal between international oil giant BP (ticker: BP) and SOCAR in the Azeri-Chirag-Guneshli (ACG) field is due to expire in 2024. A new plan will take SOCAR’s Continue Reading
ExxonMobil slashes LNG price to India in bad omen for producers
India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp (XOM.N) in a rare contract renegotiation, a bad sign for producers Continue Reading
India’s second largest state seeks to quash Goldman-backed solar project
India’s second largest state has appealed to the country’s top court to quash a Goldman Sachs-backed solar project, highlighting the challenges faced by solar companies looking to expand in Asia’s Continue Reading
Renewables could bring balance to India’s economic growth.
India, one of the world’s fastest growing economies, could offset the strains of development through low-carbon efforts, an international energy report found. A report on India’s energy sector from the Continue Reading
India Essar closes sale of refining arm to Rosneft led consortium
India’s Essar Group on Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between Continue Reading
Electric cars may take over Indian roads by 2020
Even as Indians take to the road like never before, consumers could well be buying their last petrol or diesel car, according to a US-based expert. Using the country’s quick Continue Reading
Indian Oil Obtains Govt Approval To Import U.S. Oil Every Month
India’s biggest refiner, Indian Oil Corp, has secured government permission to import one very large crude carrier (VCCC) of U.S. crude oil every month this year, as Indian firms started Continue Reading
India’s refiners bet big on petrochemicals as industry reshapes
India’s state oil refiners – long focused on churning out transport and cooking fuels – are planning a $35 billion push into petrochemicals to meet an expected surge in demand Continue Reading
World’s Third Largest Oil Importer Secures Deal With U.S.
Indian Oil Corp. will take delivery of more than a million barrels of U.S. heavy crude in October—the first U.S. crude oil purchase by an Indian energy company, IOC’s finance Continue Reading
Pakistan’s fuel oil circular debt causing power shutdowns in summer peak
Disruption to Pakistan’s domestic trade flows of fuel oil due to almost $5 billion of circular debt is swelling stocks and causing severe power shutdowns during the country’s peak summer Continue Reading