‘Strait of Hormuz must not be allowed to shut down’ says Safesea Group Chairman Dr S.V. Anchan
MUMBAI: Amid escalating tensions in West Asia in the wake of US-Israel strikes against Iran, a leading Indian-American maritime executive has voiced concern over the impact on the crucial oil artery of the Strait
ONGC awards 300 MW solar project as part of push toward 10 GW renewable capacity by 2030
NEW DELHI : Oil and Natural Gas Corporation (ONGC) has taken a significant step toward its renewable energy target of 10 GW by 2030, awarding a 300 MW ISTS-connected solar power project that will
India’s biggest refiner buys US, Middle East crude as Trump slams Russia purchases
SINGAPORE/NEW DELHI : Indian Oil Corp (IOC.NS), opens new tab has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S.
Indian state refiners pause Russian oil purchases, sources say
NEW DELHI : India’s state-owned oil refiners have not imported Russian crude over the past week as discounts have narrowed and U.S. President Donald Trump warned that buyers of Russian oil could soon face
Shippers ask to end contracts with Russian-backed refiner Nayara
MUMBAI : The owners of three vessels chartered by India’s Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions
EU Sanctions start to disrupt Clean Product Exports from Nayara’s Vadinar Refinery
LONDON : The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show
India critisizes EU’s Russia sanctions targeting Gujarat’s Vadinar Refinery : MEA
NEW DELHI : India on Friday said it does not subscribe to any unilateral sanctions and called for ending double standards in energy trade after the European Union (EU) unveiled new punitive measures targeting
Oil bunker costs to double by 2035 on IMO rules, says Wartsila
NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out