Latest news with #IEW
Borneo Post
28-05-2025
- Business
- Borneo Post
Sarawak gears up to hold IEW 2025 this July
Dr Hazland fields questions from the reporters during the press conference. – Photo by Roystein Emmor KUCHING (May 28): Sarawak is set to host the sixth International Energy Week (IEW) from July 15 to 17 at the Borneo Convention Centre Kuching (BCCK), said Deputy Minister of Energy and Environmental Sustainability Datuk Dr Hazland Abang Hipni. Speaking at a press conference at the State Legislative Assembly Complex here yesterday, Dr Hazland said the event reinforces Sarawak's transformation into one of Asia-Pacific's most dynamic clean energy leaders. Themed 'From Sarawak to the World: Journey to Clean Energy Leadership,' the three-day event aims to highlight Sarawak's growing influence in the global energy landscape. 'We are expecting over 6,500 attendees from 25 countries – an impressive 18 per cent growth from last year. This surge underscores IEW's growing stature as the region's premier platform for energy innovation, collaboration, and leadership,' said Dr Hazland, who is also chairman of the IEW 2025 organising committee. He added that over 400 companies from around the world will showcase cutting-edge innovations in renewables, hydrogen, energy efficiency, smart grids, carbon capture, utilisation and storage (CCUS) technologies, and green infrastructure. 'To all our exhibitors and participating companies, I extend my heartfelt gratitude for your confidence in our platform,' he said. With over 200 exhibition booths, IEW 2025 is projected to generate potential business opportunities exceeding USD 2.5 million. A major highlight of the event is the IEW Summit, taking place on July 15 and 16, featuring 50 renowned speakers and over 400 delegates across 20 curated sessions. Dr Hazland (seated centre) prepares to speak to the press at the State Legislative Assembly Complex. – Photo by Roystein Emmor 'Our programme offers exceptional highlights that truly set us apart ― a visionary dialogue with the Premier of Sarawak, ministerial forums on economic transformation and natural gas as a regional catalyst, and expert panels on ASEAN policy harmonisation, sustainable development, and energy innovation,' he explained. Additionally, Dr Hazland said the summit will include sessions on workforce development, youth empowerment, and technical and career skills ― an initiative aimed at cultivating the next generation of energy leaders. 'IEW 2025 is a catalyst for industrial growth, strategic investment, and Sarawak's emergence as a regional clean energy hub. By bringing together policy expertise, technological innovation, and investment capital under one roof, we're creating the ideal environment for partnerships that will accelerate the clean energy transition across Asia Pacific,' he elaborated. Dr Hazland emphasised that the success of IEW 2025 is built on exceptional industry support and collaboration. 'To all industry leaders, investors, policymakers, researchers, and innovators ― from Malaysia and around the globe ― I warmly invite you to Kuching this July,' he concluded. clean energy Dr Hazland Abang Hipni International Energy Week
Mint
05-05-2025
- Business
- Mint
Oil India in talks with global majors for joint E&P bids, says CMD Ranjit Rath
New Delhi: State-run Oil India Ltd (OIL) is in talks with global oil and gas exploration and production (E&P) companies to partner for exploration in deep and ultra-deep acreages won by it and also to jointly participate in upcoming bid rounds, its top official said. Ranjit Rath, chairman and managing director of OIL, said in an interview that several government-owned national oil companies (NOCs) as well as private international oil companies (IOCs) have shown interest in jointly bidding for blocks in the upcoming 10th round of auction under Open Acreage Licensing Programme (OALP-X). Further, he said that OIL is looking at expanding its international footprint to ensure energy security, and is also exploring a foray into critical mineral exploration overseas, through partnerships. It has already bagged a domestic vanadium and graphite block and is vying for more critical mineral mines. In February, the Maharatna company had signed a memorandum of understanding (MoU) with Petrobras, Brazil's state-owned oil major, to collaborate in the exploration and production of hydrocarbon resources in India's offshore regions. Rath said deliberations with Petrobras are underway. Also read | Major oil & gas discovery expected from blocks offered in OALP rounds, says Oil India CMD 'We are extremely upbeat about our possible collaboration with Petrobras," said Rath, adding that the IEW (India Energy Week 2025), a platform created by the ministry of petroleum and natural gas this February, helped the company reach out to both national and international oil companies for collaborations. The MoU with Petrobas was also signed at the IEW. 'We have several engagements currently going on," Rath said. 'With some of them, we have got NDAs (non-disclosure agreements) signed and we are having data exchanges." Rath added that all other oil companies contacted during IEW–both international and national–are showing keen interest for participation with OIL not only in the OALP-IX blocks, 'where we have already secured the blocks, but also possible joint-bidding in OALP-X". Read this | Oil India to be first state-run firm to tighten monetary limit for arbitration cases after finance ministry's nudge The talks for joint bidding with global players come at a time when another state-run E&P major–ONGC–has tied up with UK-headquartered bp plc and Reliance Industries. The three companies jointly bagged a block in the Saurashtra Basin in OALP-IX. The blocks were awarded last month. Apart from Petrobras and bp, other global majors in this space include Shell, Chevron, ExxonMobil and Petronas. Under the recently ended OALP-IX, OIL bagged nine blocks, adding 51,000 sq. km to its exploration portfolio. Three of the blocks–one each in Cambay basin, Mahanadi basin and Assam Shelf basin–were won in partnership with ONGC. According to Rath, OIL is also looking at more international exploration and production blocks and would look at partnering with local players for such projects. 'We are in discussion with several IOCs and NOCs as part of our overseas investment and discussions are at various stages…these are all under NDA," he said. 'In some cases, due diligence is also initiated. So, we are looking at both exploration and producing assets on a holistic basis." IOCs and NOCs refer to international oil companies and national oil companies, respectively. And this | ONGC Videsh, Oil India may join forces again to bid for new offshore blocks in Bangladesh As of 31 March 2024, its overseas E&P comprises 10 assets spread over seven countries–Libya, Gabon, Nigeria, Venezuela, Mozambique, Bangladesh and Russia. The portfolio includes four producing assets spread across Russia & Venezuela. Two assets, one each in Mozambique and Nigeria are under development. Four assets in Libya, Gabon and Bangladesh are under exploration. Rath also emphasized on the company's plans for acquisition of critical mineral mines both in India and overseas. "In recent times, we have secured one block of graphite and vanadium in Arunachal Pradesh, which has already been allocated to us. We have submitted bids for two potash blocks. And we are also looking at geographies, for overseas asset acquisitions in critical mineral space. And we are not looking at all the critical minerals per se. We are looking at a few select critical minerals where we see there is a commonality of understanding, both in terms of exploration possibilities or in and around our area of operation," Rath said. In August last year, the company signed an MoU with state-owned Khanij Bidesh India Ltd (KABIL) to collaborate for opportunities in critical mineral assets overseas. And read | Oil India plans green hydrogen hubs in energy-transition bid Speaking on OIL's efforts to boost oil production, Rath said the company has already arrested the decline in production from mature fields. 'We have secured a growth of 3-5% in the last three years. And, like last year, this year also we have scripted the highest-ever production, both oil and natural gas cumulative," he said. In the previous financial year (FY25), the company produced 6.71 million metric tonnes of oil and oil equivalent (MMTOE), compared to 6.54 MMTOE in FY24. Rath added that drilling is underway in the shallow waters on either side of Andaman island and a total of four wells would be drilled in the Andaman & Nicobar offshore waters.
Zawya
28-02-2025
- Business
- Zawya
India emerges as a global leader in clean energy transition
When India hosted the much-anticipated India Energy Week (IEW) 2025 this February, the global energy community turned its attention to the country's remarkable strides in clean energy transition. During India Energy Week 2025, India formalised several strategic agreements and Memoranda of Understanding (MoUs) to strengthen its energy security, diversify supply sources, and promote innovation in the oil and gas sector. Speaking on the sidelines of the event, Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, described these agreements as pivotal steps toward building a more sustainable and resilient energy future for the country. The Minister underscored India's dedication to securing reliable, affordable, and diverse energy supplies while fostering international partnerships in advanced energy technologies. He highlighted that these collaborations are essential for driving the nation's energy transition goals and creating a robust, future-ready energy ecosystem. Meanwhile, the United Kingdom's Secretary of State for Energy and Climate Change, Ed Miliband, during an exclusive interview with the Hindustan Times, praised India as the 'world's inspiration' in the transition to clean energy. His remarks underscore India's growing leadership in the global push toward a sustainable energy future. India's clean energy transition has been characterised by ambitious targets, innovative policies, and robust international collaborations. The country has set a goal to achieve net-zero carbon emissions by 2070 and generate 500 GW of non-fossil fuel energy capacity by 2030. This commitment has driven unprecedented growth in renewable energy sectors like solar, wind, hydro, and green hydrogen. Solar energy: A bright spot India has emerged as one of the largest solar power producers globally, thanks to initiatives like the National Solar Mission and the International Solar Alliance (ISA). The country recently surpassed the 100 GW milestone of installed renewable energy capacity, with solar power accounting for a significant share. Large-scale solar parks in states like Rajasthan and Gujarat have become models of efficient and scalable solar infrastructure. Wind energy: Harnessing the breeze With a coastline of over 7,500 kilometres, India has immense potential for wind energy. The government has launched offshore wind energy projects to complement its established onshore wind farms, particularly in Tamil Nadu and Gujarat. India's wind energy capacity now exceeds 40 GW, with plans for further expansion through global partnerships. Green hydrogen: Fueling the future India's foray into green hydrogen has attracted international attention. The launch of the National Green Hydrogen Mission in 2023 laid the foundation for a hydrogen-based economy. India's first hydrogen fuel cell bus, flagged off in New Delhi, symbolises the country's innovative spirit in adopting hydrogen fuel for public transportation. India Energy Week 2025 India Energy Week 2025 serves as a crucial platform for policymakers, industry leaders, and researchers to discuss strategies for sustainable energy development. The event is witnessing participation from over 100 countries, including major energy players from Europe, Asia, and the Americas. Key themes of the event include: Energy security and sustainability: Exploring innovative solutions to balance energy needs with environmental concerns. Global partnerships: Strengthening bilateral and multilateral collaborations for joint clean energy projects. Technological innovations: Showcasing breakthroughs in renewable energy technologies and digital solutions for energy efficiency. UK-India collaboration: A model partnership The UK's Secretary of State for Energy and Climate Change, Ed Miliband, highlighted the strong partnership between India and the UK in the clean energy sector. The UK has been a key collaborator in India's renewable energy journey, providing technical expertise and financial support for various green energy projects. The UK-India Green Hydrogen Partnership, launched in 2024, aims to establish joint research and development centres and facilitate hydrogen trade between the two countries. This partnership reflects the shared vision of both nations to lead the global hydrogen economy. India's clean energy transition has received accolades from global organisations like the International Energy Agency (IEA) and the United Nations Framework Convention on Climate Change (UNFCCC). The country's innovative approaches, such as the Perform, Achieve, and Trade (PAT) scheme and the Renewable Energy Certificates (REC) mechanism, have been lauded as replicable models for other developing nations. India's leadership in the ISA, which now includes over 120 member countries, demonstrates its commitment to promoting solar energy globally. The ISA's initiatives, like the Solar Risk Mitigation Initiative, have facilitated investments in solar projects across Africa and Asia. Despite its impressive achievements, India faces several challenges in its clean energy journey. The intermittency of renewable sources, the need for advanced energy storage solutions, and the financial viability of large-scale projects remain critical concerns. To address these challenges, the government is investing heavily in research and development, particularly in battery storage, smart grids, and hydrogen technologies. Policies like the Production Linked Incentive (PLI) scheme for solar module manufacturing aim to build domestic manufacturing capabilities and reduce dependence on imports. India Energy Week 2025 will not only showcase India's achievements in clean energy but also reinforce its role as a global leader in the energy transition. As the UK's Ed Miliband aptly remarked, India's proactive policies, innovative technologies, and inclusive partnerships make it a true inspiration for the world. As the world grapples with the twin challenges of energy security and climate change, India's journey offers valuable lessons in balancing growth with sustainability. With continued international cooperation and a clear vision for the future, India is poised to lead the global clean energy revolution for decades to come. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
28-02-2025
- Business
- Times of Oman
India emerges as a global leader in clean energy transition
When India hosted the much-anticipated India Energy Week (IEW) 2025 this February, the global energy community turned its attention to the country's remarkable strides in clean energy transition. During India Energy Week 2025, India formalised several strategic agreements and Memoranda of Understanding (MoUs) to strengthen its energy security, diversify supply sources, and promote innovation in the oil and gas sector. Speaking on the sidelines of the event, Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, described these agreements as pivotal steps toward building a more sustainable and resilient energy future for the country. The Minister underscored India's dedication to securing reliable, affordable, and diverse energy supplies while fostering international partnerships in advanced energy technologies. He highlighted that these collaborations are essential for driving the nation's energy transition goals and creating a robust, future-ready energy ecosystem. Meanwhile, the United Kingdom's Secretary of State for Energy and Climate Change, Ed Miliband, during an exclusive interview with the Hindustan Times, praised India as the 'world's inspiration' in the transition to clean energy. His remarks underscore India's growing leadership in the global push toward a sustainable energy future. India's clean energy transition has been characterised by ambitious targets, innovative policies, and robust international collaborations. The country has set a goal to achieve net-zero carbon emissions by 2070 and generate 500 GW of non-fossil fuel energy capacity by 2030. This commitment has driven unprecedented growth in renewable energy sectors like solar, wind, hydro, and green hydrogen. Solar energy: A bright spot India has emerged as one of the largest solar power producers globally, thanks to initiatives like the National Solar Mission and the International Solar Alliance (ISA). The country recently surpassed the 100 GW milestone of installed renewable energy capacity, with solar power accounting for a significant share. Large-scale solar parks in states like Rajasthan and Gujarat have become models of efficient and scalable solar infrastructure. Wind energy: Harnessing the breeze With a coastline of over 7,500 kilometres, India has immense potential for wind energy. The government has launched offshore wind energy projects to complement its established onshore wind farms, particularly in Tamil Nadu and Gujarat. India's wind energy capacity now exceeds 40 GW, with plans for further expansion through global partnerships. Green hydrogen: Fueling the future India's foray into green hydrogen has attracted international attention. The launch of the National Green Hydrogen Mission in 2023 laid the foundation for a hydrogen-based economy. India's first hydrogen fuel cell bus, flagged off in New Delhi, symbolises the country's innovative spirit in adopting hydrogen fuel for public transportation. India Energy Week 2025 India Energy Week 2025 serves as a crucial platform for policymakers, industry leaders, and researchers to discuss strategies for sustainable energy development. The event is witnessing participation from over 100 countries, including major energy players from Europe, Asia, and the Americas. Key themes of the event include: Energy security and sustainability: Exploring innovative solutions to balance energy needs with environmental concerns. Global partnerships: Strengthening bilateral and multilateral collaborations for joint clean energy projects. Technological innovations: Showcasing breakthroughs in renewable energy technologies and digital solutions for energy efficiency. UK-India collaboration: A model partnership The UK's Secretary of State for Energy and Climate Change, Ed Miliband, highlighted the strong partnership between India and the UK in the clean energy sector. The UK has been a key collaborator in India's renewable energy journey, providing technical expertise and financial support for various green energy projects. The UK-India Green Hydrogen Partnership, launched in 2024, aims to establish joint research and development centres and facilitate hydrogen trade between the two countries. This partnership reflects the shared vision of both nations to lead the global hydrogen economy. India's clean energy transition has received accolades from global organisations like the International Energy Agency (IEA) and the United Nations Framework Convention on Climate Change (UNFCCC). The country's innovative approaches, such as the Perform, Achieve, and Trade (PAT) scheme and the Renewable Energy Certificates (REC) mechanism, have been lauded as replicable models for other developing nations. India's leadership in the ISA, which now includes over 120 member countries, demonstrates its commitment to promoting solar energy globally. The ISA's initiatives, like the Solar Risk Mitigation Initiative, have facilitated investments in solar projects across Africa and Asia. Despite its impressive achievements, India faces several challenges in its clean energy journey. The intermittency of renewable sources, the need for advanced energy storage solutions, and the financial viability of large-scale projects remain critical concerns. To address these challenges, the government is investing heavily in research and development, particularly in battery storage, smart grids, and hydrogen technologies. Policies like the Production Linked Incentive (PLI) scheme for solar module manufacturing aim to build domestic manufacturing capabilities and reduce dependence on imports. India Energy Week 2025 will not only showcase India's achievements in clean energy but also reinforce its role as a global leader in the energy transition. As the UK's Ed Miliband aptly remarked, India's proactive policies, innovative technologies, and inclusive partnerships make it a true inspiration for the world. As the world grapples with the twin challenges of energy security and climate change, India's journey offers valuable lessons in balancing growth with sustainability.
Times of Oman
07-02-2025
- Business
- Times of Oman
IEA, Opec will share insights on oil market during India Energy Week
New Delhi: International Energy Agency (IEA) is set to share insights on the India's oil and gas sector during the 3rd edition of India Energy Week (IEW) next week here in the national capital. Besides, India Energy Week will also witness sharing of market insights by the Organisation of the Petroleum Countries (Opec). Chief of IEA and Opec are arriving in India to attend the second-largest energy event globally. IEW 2025 is scheduled to take place from February 11-14 in New Delhi's Yashobhoomi. On day two of IEW, there is a session on The World Oil Outlook (WOO), which is one of Opec's flagship publications, combining the expertise of the Opec Secretariat and professionals in Opec Member countries. The 18th edition of the WOO will likely examine developments in energy and oil demand, oil supply and refining, the global economy, policy and technology, demographic trends, environmental issues and sustainable development. Other than Opec Chief Haitham AL Ghais, Opec Director, Research Division Ayed Al-Qahtani and Abderrezak Benyoucef Head, Energy Studies Department, Research Division Opec will be also there to share their Insights on Opec's commitment to knowledge-sharing and data transparency. On the second day, a debate is being scheduled which will bring together influential and leading voices from the worlds of energy to debate their positions or views regarding some of the most pressing issues, complex questions and paradoxical challenges facing the energy world today. Nobuo Tanaka, Executive Director Emeritus, International Energy Agency (IEA) will share his insights on India's energy demand. Last year, at the second edition of India Energy Week 2024 in Goa, IEW released its report on 'Indian Oil Market Outlook to 2030'. According to that IEA report, India will become the largest source of global oil demand growth between 2024 and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse. It further added that India's role in global oil markets was expected to expand substantially over the remainder of the decade, fueled by strong growth in its economy, population and demographics. According to the report, urbanisation, industrialisation, the emergence of a wealthier middle-class keen for mobility and tourism, plus efforts to achieve greater access to clean cooking, will underpin the expansion in oil demand. Consequently, India is on track to post an increase of almost 1.2 million barrel per day, accounting for more than one-third of the projected 3.2 mb/d global gains, to reach 6.6 mb/d by 2030. Further, the report found that massive industrial expansion means that diesel/gasoil is the single largest source of oil demand growth, accounting for almost half of the rise in the nation's demand and more than one-sixth of total global oil demand growth through to 2030. The first major global event of the energy calendar, IEW 2025, is poised to be the most comprehensive and inclusive global energy gathering of the year. Since its inception in 2023, the India Energy Week has grown from strength to strength. IEW 2025 has surpassed other international energy events. This year's edition marks a significant leap over its predecessor, showcasing elevated leadership participation and more dynamic discussions. IEW 2025 incorporates seven key strategic themes (Collaboration, Resilience, Transition, Capacity, Digital Frontiers, Innovation, Leadership) with greater emphasis on pragmatic solutions for decarbonization, energy equity, and low-carbon economies. The inclusion of 20 thematic categories this year, compared to 18 in 2024, highlights a broader focus on cutting-edge issues such as AI, digitalization, and maritime decarbonization. The conference's structured stages--Resilience and Transition--align perfectly with India's dual goals of energy independence and decarbonization, ensuring relevance to global and national agendas alike.
