Hey Energy Enthusiasts,
Summer is looming, and the race to secure the grid is officially on. Over the last fortnight, we have watched utilities sprint to upgrade critical infrastructure ahead of upcoming heatwaves.
On this note, let us write the summer playbook in the overall energy space!
Richa Mishra
Fortnight that was:
21 May 2026, marks exactly 50 years since India’s first offshore oil was produced from Mumbai High by ONGC.
India ended its nearly four-year retail fuel price freeze with two consecutive hikes in less than a week. Reports Oil prices above $100 a barrel has triggered windfall tax proposals in Brazil, the EU, the US, and Australia. A new Wood Mackenzie report warns that fiscal policy design has a long-term impact on Upstream investment and production.
Man Industries acquires Saudi based - National Pipe Company for Rs 1,000 crore. Company Annoucement.
India and the United Arab Emirates agreed the framework for a strategic defence partnership during Prime Minister Narendra Modi’s visit to the Gulf nation. Reports
Trending topics:
Adani Power to invest ₹4,194 crore to acquire 24 per cent stake in Jaiprakash Power, Churk thermal plant under JAL resolution plan. Ahmedabad Bureau
Coal gas can yield clean hydrogen at $1.25 a kg. M Ramesh
In a bid to establish a sector-specific long term financing mechanism for setting up nuclear power plants, stakeholders including the Central Electricity Authority (CEA) and Department of Atomic Energy have suggested a 30-year tenure loan facility. Rishi Ranjan Kala
‘Local-for-local strategy an advantage for ABB Electrification in India’s clean energy space’. The demand in India for renewables is extremely large; being localised gives us a significant advantage: Kiran Dutt, President, ABB Electrification India speaks to Richa Mishra
India’s renewable energy expansion may need 7 lakh acres by 2030. Rishi Ranjan Kala
Wartsila’s fresh pitch to industry — grid stability. M Ramesh
BPCL Q4 net profit up 28% at ₹5,625 crore despite impairment loss. Rishi Ranjan Kala
Expert insights:
India’s coal gasification story clearly gives the vibes of the intro of Dire Straits’ famous song “Money for Nothing” – as Surface Gasification represents turning low-value, unusable waste coal into high-value chemical gold. BL Explainer by Richa Mishra
Andhra Pradesh is breaking the mould by granting Google a power distribution licence. Yet critics worry this ‘entry of private sector into power distribution’ leaves state utilities high and dry by losing their most profitable customers. Who will be responsible for any slip-ups? Richa Mishra
India’s ambitions for nuclear energy face a tariff test. M Ramesh
Podcasts:
Are oil companies ready for India’s push for higher ethanol blending move? What impact could this have on demand and adoption? Why is the move controversial—and could it affect retail pricing? In this episode of Trending Commodity Picks, Subramani Ra Mancombu speaks with Richa Mishra.
Stay tuned in to know what happens during the US Secretary of State Marco Rubio four-day visit to India beginning May 23 to further cooperation in the fields of trade, defence and energy.
Follow us for the latest updates, news, and insights on the energy sector!
Published on May 21, 2026