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ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

Green Car Congress

India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil.

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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2% Chevron also holds a 25.2%

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Indian Oil signs MOU with LanzaJet on sustainable aviation fuel production in India

Green Car Congress

Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.

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Public Sector Oil Companies to set up 900 charging stations in TN.

Electric Vehicles India

In a bid to go Green, the Public sector Oil Marketing Companies (OMCs) of Tamil Nadu are going to set up 900 charging stations all over the state with the support of Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation. The Public Sector Oil Companies.

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Improved liquid hydrogen-powered Corolla and GR86 (carbon-neutral fuel) to participate in Super Taikyu at Autopolis

Green Car Congress

Lubricating oil is usually used in pumps to reduce stress through less friction in the pump; however, lubricating oil cannot be used in liquid hydrogen pumps as it contaminates the hydrogen. This reduces engine oil dilution and improves reliability and exhaust performance by reducing the burden on the engine.

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Indian Oil and Panasonic Energy to manufacture lithium-ion cells in India | Autocar Professional

Baua Electric

Indian Oil will leverage Panasonic Energy’s expertise in battery development and manufacturing, In addition to meeting domestic requirements, investments in setting up local manufacturing will set up a complete supply chain ecosystem improving India’s self-reliance, fortifying India’s position in the global energy landscape.

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Cohort of new stakeholders joins Open Hydrogen Initiative

Green Car Congress

Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4

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