Tag
Oil & Gas / Energy
17 articles
Geopolitical tensions and supply concerns are reshaping the oil and gas landscape, pushing Brent and WTI futures lower despite ongoing disruptions in the Strait of Hormuz. Recent reports indicate progress in US-Iran negotiations, prompting President Trump to postpone a planned attack and suggesting a potential end to hostilities, though the impact on global supply remains uncertain. API data revealed a significant draw in crude inventories, exceeding expectations, while the US continues to release strategic petroleum reserves. Beyond these immediate supply dynamics, legal proceedings involving BPCL, Reliance Industries, and IOCL are progressing through the Supreme Court, and INOX India reported strong Q4 results alongside strategic expansion initiatives, highlighting the diverse factors influencing the sector.
US Marines Board Iranian Tanker Celestial Sea
US Central Command reported Marines boarded Iranian‑flagged oil tanker M/T Celestial Sea in Gulf of Oman on 20 May 2026.
The vessel was suspected of attempting to breach a US‑imposed blockade while en
Veedol Q4 FY26 Net Profit at ₹48.84 Crore
• Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, declaring a final dividend of 1100% (₹22 per share).
• Managing Director Arijit Basu resigned
JNK India FY26 PAT Surges 115% to ₹64.8 Cr
JNK India reported FY26 consolidated PAT of ₹64.8 Cr, up 114.6% YoY, with revenue growing 68% to ₹838.0 Cr.
Order book stood at ₹1,961.4 Cr as of March 31, 2026, driven by ₹1,694.4 Cr inflows includin
HPCL Service Notice Defect; One-Week Cure Granted
Supreme Court hearing on Petition for Special Leave to Appeal (No. 8114/2026) involving Hindustan Petroleum Corporation Limited.
Service of notice to HPCL completed on 28 March 2026; respondent’s vaka
Continental Petrochemicals Board Meeting May 27, 2026
Board meeting scheduled for May 27, 2026 to approve audited standalone and consolidated financial results for Q4 and FY ending March 31, 2026.
Agenda includes appointment of Jitendra Shari as Internal
Mahanagar Gas Shareholders Approve Chairman, MD Appointments
Mahanagar Gas shareholders approved two key board appointments via remote e-voting concluded on May 19, 2026.
Mr. Deepak Gupta was appointed as Non-Executive Non-Independent Chairman with 92.73% votes
SC Grants Additional Docs in BPCL Appeal
The Supreme Court heard Special Leave to Appeal No.16599/2026 between Sree Ramajayam Service Station and Bharat Petroleum Corporation Ltd on 18‑05‑2026.
The Court permitted the petitioner to file addi
Reliance Industries SLP Adjourned to 20 May
Supreme Court heard Reliance Industries' petition for special leave to appeal against Union of India on 19 May 2026.
The petition stems from a February 14, 2025 High Court judgment in FAO(OS)(COMM) No
Reliance vs Bharat Petroleum: Mediation Order
The Supreme Court considered Special Leave Petition No.28654/2025 filed by Reliance Industries Ltd against Bharat Petroleum Corporation Ltd.
Earlier, the Court ordered the case to proceed on merits bu
GAIL Government Nominee Director Mittal Cessation
Shri Kushagra Mittal ceased as Government Nominee Director of GAIL effective 16 May 2026.
Disclosure made in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Not
Supreme Court Schedules IOCL Appeal for Dec 2026
Supreme Court heard IA No.140941/2026 filed by Gujarat Refinery Karmachari Maha Mandal against Indian Oil Corp on 18 May 2026.
The bench, led by Chief Justice Joymalya Bagchi, ordered the appeal to be
INOX India Q4 FY26 Revenue Up 24% YoY
INOX India reported Q4 FY26 revenue of INR475 crore, a 24.2% YoY increase, and full-year revenue of INR1,632 crore with an EBITDA margin of 23.8%.
The company secured a landmark INR200 crore aerospace
Emrock Energy Subsidiary Approves ₹33 Crore Bio-CNG Project
Emrock Energy Private Limited, a 50.49%-owned subsidiary, approved a new Bio-CNG project with annual production capacity of 1600 tons Bio CNG.
Total project cost estimated at ₹30-33 crores, funded thr
TD Power Systems Q4 FY26 Net Profit Up 42% YoY
TD Power Systems reported a 42% YoY rise in standalone PAT to INR 2.18 billion for FY26, with total income up 35% to INR 17.37 billion.
The company revised its FY27 revenue guidance upwards to INR 24+
Petroleum & Natural Gas Board Appeal Dismissed
Supreme Court heard civil appeals 1880-1881/2024 filed by Petroleum and Natural Gas Regulatory Board against Jay Madhok Energy Private Ltd consortium.
The Court, comprising Justices Dipankar Datta and
Triveni Turbine Q4 Revenue Up 26% on Export Surge
Triveni Turbine reported record Q4 FY26 revenue of ₹6.80 billion, up 26.3% YoY, driven by 45.8% export growth.
Full-year FY26 revenue reached ₹21.81 billion, a 9% increase, though PAT declined 2.5% du
India Ensures Fuel Supply Amid West Asia Crisis
Government assures 100% domestic LPG, PNG, and CNG supply despite geopolitical tensions, with 1.39 crore cylinders delivered in 3 days.
Two LPG carriers safely transit Strait of Hormuz carrying 66,392