Oil & Gas

India’s Crude Oil Imports Rise Even as Russian Supply Tightens

The bill for oil imports will rise if this happens. Russian crude—often sold at a discount to comparable grades—has come to account for a third of India’s total imports. Replacing this amount—over 1 million barrels daily—would likely push prices higher, adding to India’s total import bill. Crude oil imports account for 86% of domestic consumption.

Baker Hughes Plans to Buy Into Tamboran

RBC Capital Markets LLC and Wells Fargo Securities LLC are underwriters in the placement. “The company expects to grant the underwriters a 30-day option to purchase up to an additional 348,666 shares of common stock from the company”, Sydney-based Tamboran said in a stock filing with the Australian Securities Exchange (ASX).

Kuwait’s next wave of intelligent cloud tech

Alaeddine Karim, Microsoft’s country general manager in Kuwait, talks to The Energy Year about deploying a regional data centre and AI cluster in Kuwait and the company’s partnership with the Kuwaiti government for digital transformation. Microsoft creates platforms and tools powered by AI to deliver innovative solutions.