ONGC Videsh partners with Petrobas for working in upstream, among others

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

Petroleum and Natural Gas Minister Hardeep Puri will give a statement in Lok Sabha on the overall energy position of India amid West Asia conflict that has invariably affected shipping lines.

The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use. This decision follows recent geopolitical disruptions that created constraints on the global fuel supply chain.

Mangalore Refinery and Petrochemicals Limited (MRPL) has officially denied reports circulating on social media regarding a partial shutdown of its facilities, asserting that its operations remain fully functional despite speculation of feedstock shortages. The state-controlled refiner issued a formal clarification on Saturday, following a post by OilPrice.com on X (formerly Twitter). The viral post had suggested that the 300,000 barrel-per-day (bpd) refinery was shutting down units because Middle Eastern crude oil supplies were "stuck in the Gulf" due to regional tensions.

Petroleum Minister Hardeep Puri on Friday said there is no shortage of energy in India and there is no cause of worry for its energy consumers.

Following the outbreak of hostilities in the Middle East and the evolving global energy situation, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, informed that "the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to deal with short-term disruptions arising from the Middle East."

"We are continuously monitoring the evolving situation, and all necessary steps will be taken in order to ensure availability and affordability of major petroleum products in the country," the Ministry of Petroleum and Natural Gas said in a post on X.

New Delhi [India], February 16: DUSQ, a sleep science and recovery company, has raised ₹24 crore in seed funding led by Fireside Ventures, with participation from Antler India, Climber Capital, Startup Sherpas, Vaishav Investments, Avnish Anand (Founder, CaratLane) and Shivam Puri (CEO, Cipla Health). Led by Fireside Ventures, the seed funding will support DUSQ's mission to move sleep technology from tracking data to regulating recovery, starting with a global launch.

Puri explained that, unlike other global energy events that focus only on crude oil, gas, or a limited set of issues, India Energy Week covers a broad spectrum. "Here we are dealing with green hydrogen, small modular reactors, technology, and even compressed biogas. Just yesterday, we concluded a two-day session on compressed biogas," he said.

In an exclusive interaction with ANI, Puri said, "India's economic trajectory offer a USD 500 billion opportunity in the energy sector, and USD 100 billion in exploration and production. 27 top CEOs, both from India and abroad, met with PM Modi yesterday, and the general message from everyone was about how they view the Indian trajectory - very positive vibes." "One CEO said we have invested USD 5 billion, and we are going to invest more. So, India is today very central to all the global discourse on energy, both in terms of consumption, energy transition, sustainability, and the ecosystem," Puri said.