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

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

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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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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. By country, the US, India and Russia saw the largest declines in energy consumption. million b/d.

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Aemetis completes expansion of India biodiesel plant one year ahead of schedule; 60M gallon annual capacity

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The Aemetis Five Year Plan describes an increase from 50 million gallons per year (MGY) to 100 MGY of biodiesel production capacity at the India plant to be completed by year 2025. The market for biodiesel in India continues to expand as OMCs increase the number of blending locations and the percentage of biofuel blended into diesel.

India 150
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IndianOil & Praj to form JV to build biofuels production in India

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Indian Oil Corporation and Praj Industries signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), ethanol, compressed bio-gas (CBG), biodiesel and bio-bitumen among others.

India 150