India Energy Week 2023

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said the allocation is to be spent on the green energy capital expenditure of oil companies.

Oil Minister clears air on Rs 35,000 crore energy transition budget allocation

The minister clarified that the Rs 35,000 crore outlay comprises Rs 30,000 crore as capital support to OMCs and Rs 5,000 crore to augment India’s strategic petroleum reserves.

No plans of more financial support to OMCs, says Union petroleum minister

At present, the OMCs continue to incur losses from the sale of diesel, which will reduce as crude oil prices are now stabilising opines Union Minister of Petroleum and Natural Gas Hardeep Singh Pu​ri​.

Natural gas prices, access is a concern, India working on firming supplies: Puri

India is looking at the situation carefully and has made arrangements for natural gas with countries, Oil Minister Hardeep Singh Puri said at the India Energy Week 2023.

No plans of divesting BPCL, focus on energy transition: Minister Hardeep Singh Puri

On May 26, the government said that it has called off the ongoing process of strategic disinvestment of BPCL. The government said that the plan would be reinitiated after review.

In Pics | Highlights of Day 2 & 3 at the India Energy Week 2023

Held under the patronage of the Ministry of Petroleum & Natural Gas, Government of India, India Energy Week is the only and all-encompassing international energy event supported at the highest level of Indian government, with participation from all the Public Sector Undertakings (PSUs), and officially supported by the Federation of Indian Petroleum Industry (FIPI).

Govt taking strenuous steps to scale up oil exploration, production: Oil Minister Puri

The minister clarified on the Budget fine prints stating that the Rs 35,000 crore earmarked for the ministry for energy transition and security does not include the compensation to OMCs for losses made on price freeze.

Engineers India not scared of recession in West, sees good growth this fiscal: CMD Vartika Shukla

EIL’s order book as of December 2022 stood at Rs 78,656 crore, 57 percent of the company’s order book was made up of consultancy projects while the remaining were turnkey projects, according to an investor presentation made by the company on February 4.

Oil to retain largest share of energy mix until 2045: OPEC

Share of oil in the energy mix will drop to 29 percent by 2045 from 31 percent in 2021, said Ayed S Al-Qahtani of OPEC.

India Energy Week 2023: Uniper, Greenko sign pact for green ammonia offtake from Andhra Pradesh plant

The key differentiator that sets this project apart is the integration of pumped storage plant to balance out the intermittent and seasonality of renewable production and achieve a high annual plant load factor

India Energy Week 2023: Battery power storage needs a revolution to push India's green mission: Amitabh Kant

As India scales up its renewable energy capacity, battery storage systems are gaining importance as a solution to reduce the intermittency of renewable energy projects to provide continuous power.

Sri Lanka has removed a lot of fuel subsidies to survive economic crisis: Power Minister

The country has introduced system to ensure the power ministry stays connected with the finance ministry and the central bank to discuss and get an estimate on what to set aside for energy imports, Kanchana Wijesekera said.

Annual global CO2 emissions will fall by 2 billion tonnes in 2030 on adoption of LiFE measures: IEA

LiFE measures would also save consumers globally around USD 440 billion in 2030, according to the IEA report.

MC Explains | What is IEW 2023? India’s first major event under G20 presidency

The event is focused on the country’s goal of energy transition and energy security, and achieving net-zero emissions goals by 2070.