India’s public-sector oil companies have successfully concluded a one-year deal to import liquified petroleum gas (LPG) from the U.S. Gulf coast, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday (November 17, 2025)
India has significant reliance on imports to meet its energy requirements, with nearly 89% of the crude oil used being imported. This dependence extends to other key fuels as well, with about 50% of natural gas and approximately 59% of Liquified Petroleum Gas (LPG) needs met through imports. Moreover, India is also a major exporter of petroleum products, shipping around 65 million metric tonnes (MMT) annually. This is largely due to its strong domestic refining capacity, which is the fourth largest globally.
Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) yesterday announced that the company had achieved ‘first oil’ from its Ibom Field, Petroleum Prospecting Licence (PPL) 236, a significant boost for Nigeria’s quest for additional crude output.
The U.S. fund The Carlyle Group is studying the possibility of acquiring the overseas oil and gas assets held by Lukoil, Russia’s second-largest oil producer. According to international media reports published on Thursday, November 13, the deal concerns a portfolio valued at around $22 billion based on Lukoil’s 2024 accounts.
Government has reaffirmed its determination to halt the country’s half-decade decline in oil production, announcing more than US$3.5billion in new investment commitments as the national oil company (NOC) prepares to begin offshore drilling in late 2026.
The Environmental Protection Agency on Wednesday granted Texas permission to authorize companies to capture and store carbon dioxide underground, fulfilling a key wish for the state’s oil and gas industry.
Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter of 2025.
Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude remained focused on supply signals rather than broader risk sentiment.
Libyan company Zallaf Oil and Gas has shipped the first export cargo from the Chadar oil field, at 600,000 barrels.
Nigeria will launch its 2025 oil licensing round on December 1, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced. The regulator said the new cycle aims to attract private investment and revive the country’s oil and gas output.