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10.08.26 - 14:06
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ONGC, Shell Energy India sign MoU to explore deepwater blocks, LNG sourcing opportunities (Times of India)
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ONGC and Shell Energy India have entered into a memorandum of understanding to collaboratively delve into potential joint ventures. Their focus will be on assessing opportunities in deepwater and ultra-deepwater oil and gas exploration, alongside investigating LNG sourcing alternatives to bolster India's economic framework. This strategic partnership is designed to improve energy accessibility while ensuring long-term energy security for the nation....
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07.08.26 - 13:30
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Indian Refiners Continue West Africa Crude Buying Spree (ZeroHedge)
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Indian Refiners Continue West Africa Crude Buying Spree
By Tsvetana Paraskova of OilPrice.com
India's state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain.
In one of the latest purchases via a tender, India's state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from Shell, trade sources told Reuters on Thursday.
HPCL has bought 1 million barrels each of Nigerian crude grades Forcados and Bonga for its Visakh refinery in the state of Andhra Pradesh on the east coast of southern India. The refinery has the capacity to process 300,000 barrels per day (bpd) of crude.
Earlier this week, reports emerged that HPCL acquired 2 million barrels of Okwuibome and Utapate crudes from Nigeria from commodity trader Glencore via a tender.
The Nigerian crude from Glencore will go to feed HPCL's refinery in the state of Rajasthan, HPCL Rajasthan Refin...
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01.08.26 - 12:36
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Indian Oil ramps up spot crude purchases as Middle East disruptions hit supplies (Times of India)
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Indian Oil Corporation has significantly increased its spot crude purchases to nearly eighty-four percent. This strategic shift occurred after Middle East supply routes faced disruptions. The company also diversified imports from West Africa and Latin America. Despite higher crude costs, Indian Oil reported its highest-ever first-quarter crude throughput. Fuel sales and market share saw notable increases during the period....
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01.08.26 - 12:30
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Indian Oil Buys Record Spot Market Crude on Mideast Supply Hit (Bloomberg)
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Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict upended supplies from the Middle East. The shift shows how geopolitical turmoil is forcing even the region's biggest buyers to abandon long-established procurement strategies....
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