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SECTOR | 28 Mar 2025

Uninterrupted LPG supply assured amid transporters' strike, public urged not to panic

Business Line

Multiple pre-bid meetings were conducted in key cities, including Chennai, Delhi, Mumbai, Kolkata, and Guwahati, to address their concerns

Bulk LPG transporters claim latest tenders favour large operators

Business Line | 28 Mar 2025

Oil and Gas

SECTOR | 27 Mar 2025

IRM Energy shares surge 14% after long-term LNG deal with Shell Energy India

livemint

IRM Energy Ltd. shares surged 14% after announcing a five-year RLNG supply agreement with Shell Energy India. The deal aims to provide stable gas supplies for industrial clients, enhancing sourcing capabilities while promoting cleaner fuel solutions and supporting India's energy security.

IRM Energy shares spike 14% after signing RLNG supply pact with Shell

Business Standard | 27 Mar 2025

Oil and Gas

SECTOR | 27 Mar 2025

LPG tanker lorries in southern region go off roads from today

Business Line

Vehicle owners are demanding scrapping of new tender rules

Oil and Gas

SECTOR | 26 Mar 2025

Petrobras to finish analysis of Shapoorji's FPSO appeal in India this week

Business Standard

The Indian company was the only one to bid on chartering a production storage and offloading vessel, known as an FPSO, for Petrobras' Barracuda and Caratinga fields

Oil and Gas

SECTOR | 25 Mar 2025

Shapoorji Pallonji Energy appeals to Brazil on Petrobras-cancelled tender

Business Standard

A delegation for the offshore infrastructure company was in Rio de Janeiro and the capital Brasilia last week as it seeks to reverse Petrobras' decision

Oil and Gas

SECTOR | 20 Mar 2025

No windfall tax on oil, gas companies after new law: Hardeep Singh Puri

Business Standard

Oil and gas companies will not face any new taxes like the windfall profits tax after the coming into effect of a new law that promises stability of fiscal regime, Petroleum Minister Hardeep Singh Puri said. Parliament has passed the Oilfields (Regulation and Development) Bill, 2024 that provides policy stability to investors, decriminalises provisions and promotes ease of doing business. "After this bill, it will be difficult to levy (new taxes like) windfall tax because somebody will sue us (for failing to keep the promise of fiscal stability)," he said at a reception he hosted to celebrate the passage of the bill. Investors looking to invest in finding and producing oil and gas want fiscal stability, and new taxes that seek to take away gains made when prices are high, without compensating for low or no margins when rates are low, are often a deterrent. India imposed a windfall profit tax on July 1, 2022 joining a growing number of nations that tax super normal profits of energy

Oil and Gas

SECTOR | 18 Mar 2025, 09:39PM

Will Ukraine Ceasefire Bring Relief To Oil Markets? Vandana Hari Weighs In

NDTV Profit

As the world watches the developments in Ukraine, a ceasefire could potentially bring much-needed relief to oil markets, which have been volatile due to geopolitical tensions. Energy expert Vandana Hari, founder of Vanda Insights, weighs in on the possible impact of a Ukraine ceasefire on oil prices.

Oil and Gas

SECTOR | 17 Mar 2025, 08:12PM

1.15 Cr consumers have given up LPG subsidy

Business Line

As of December 2024, state-controlled oil marketing companies (OMCs) cumulatively had 32.89 crore active domestic LPG customers, served through 25,542 distributors

Oil and Gas

SECTOR | 12 Mar 2025

Lok Sabha passes Oilfields (Regulation and Development) Bill

Business Line

Historic day in India's quest towards energy security and energy self-sufficiency, says Oil Minister H S Puri.

Oil and Gas

SECTOR | 12 Mar 2025

Markets open mixed amid global trade tensions; tech sector drags while auto, banking show resilience

Business Line

HDFC Bank and Kotak Mahindra Bank also showed positive momentum, gaining 1.67 per cent and 1.57 per cent respectively. Oil marketing company BPCL advanced 1.34 per cent, reflecting optimism in the energy sector