India establishes CoE to boost battery tech advancement

The goal of the Ministry of Electronics and Information Technology (MeitY) has been to boost domestic manufacturing capacity and promote innovation. At CMET, Pune, MeitY has set up the “Centre of Excellence (CoE) on Rechargeable Battery Technology (Pre-cell)” as part of its dedication to supporting research and development in this field. Developing domestic production techniques

India expects uninterrupted Russian oil supply for another two months

India does not expect any disruption to Russian oil supply in the next two months as US-sanctioned tankers are allowed to discharge crude until March. The US. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels that have shipped Russian oil, targeting revenue Moscow has used

Oil hits four-month high after sweeping US sanctions on Russia

Oil extended gains to hit the highest in more than four months as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies in an already-tightening global market. Global benchmark Brent advanced above $81 a barrel after surging almost 4% in the previous session. West Texas Intermediate was near $78. The

Neste makes Singapore’s first marine sector renewable diesel delivery

Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect, with operational delivery in Singapore waters being carried in partnership with Global Energy. Neste, Finnish-headquartered renewable fuels producer, says that its MY Renewable Diesel is a solution for reducing greenhouse gas

Potential hazards of extremely alarming developments in marine ecosystem: Report

A new report by the conservation mapping nonprofits Earth Insight and SkyTruth warns of the potential dangers of expanding oil and gas projects in the Pacific Coral Triangle, which is home to many endangered marine species. The report warned that continuing to extract dirty fuels in the highly biodiverse Coral Triangle could threaten coral species and countless

ISPRL seeks private firms to build 2.5 mn tonnes petroleum reserve

India is seeking private companies to build and operate a 2.5 million metric ton store for petroleum reserves at Padur in southern Karnataka state, according to a tender posted on the website of Indian Strategic Petroleum Reserve Ltd (ISPRL). Bids are invited to establish “commercial cum strategic petroleum reserves” including a single point mooring and

Nayara Energy to expand retail network by adding a fuel station per day

Nayara Energy, India’s largest private fuel retailer, plans to add 400 petrol pumps this year to expand its retail network across various states, the firm said. With 6,500+ retail outlets across India, Nayara Energy has been adding new retail outlets to its network and has been growing steadily across various states such as Gujarat, Maharashtra,

BPCL buys Middle East grades to replace Russian shortfall

Bharat Petroleum Corp (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil. Indian state refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January loading that they have

First energy festival returns with theme Ground Zero for Net-Zero

IIT Madras Research Park (IITMRP), in association with the India Energy Storage Alliance (IESA), will host Envision 2025 for its third edition from January 30 to February 1, 2025. With ‘Ground Zero for Net-Zero’ as the theme for this edition, the event will bring together grassroots initiatives and global stakeholders in a united call to action.

India’s fuel consumption increases 8% in 2024

India’s petrol consumption rose by almost 8 percent in the year till November from the previous year, while diesel witnessed a growth of 2.4 percent in the same period. India’s fuel demand saw an uptick in 2024 as the country’s energy consumption continues to grow amid the aim of becoming a ‘Viksit Bharat’ by 2047.