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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

recognized startups with pioneering solutions addressing key energy challenges. UrjanovaC Pvt Ltd
emerged as the winner for its synthetic catalyst technology that enables scalable and cost-competitive
CO2 capture and conversion. The first runner-up, Breathe ESG Private Limited, developed a SaaS platform
that automates ESG reporting, decarbonization strategies, and compliance. AgriVijay, the second runner-
up, introduced India’s first curated marketplace for renewable energy solutions for farmers and rural
households. Apeiro Energy, securing the third runner-up position, designed hybrid microgrids by
integrating small wind turbines with solar panels. UGreen Technology, the fourth runner-up, developed a
molecular-engineering approach that enhances CO2 reactivity for efficient carbon capture.

Additionally, the Ministry introduced Vasudha – Oil and Gas Startup Challenge, an exclusive competition
for overseas startups revolutionizing the upstream oil and gas sector. Out of 17 entries from 13 countries,
two visionary startups were recognized. Latin Energy Partners Inc., Paraguay, won the challenge, while
Ultrasound Process Consultation LLC, USA, was named the runner-up. Their innovations in oil and gas
exploration, AI-driven production management, ESG compliance, CCUS technologies, and geothermal
exploration were highly commended.

Promoting research and technological innovation, a Hackathon was organized among seven premier IITs,
including IIT Delhi, Mumbai, Madras, Guwahati, Roorkee, Kharagpur, and ISM Dhanbad. The competition
aimed to drive forward-thinking solutions in CCUS and renewable energy. IIT (ISM) Dhanbad secured the
winner’s title, while IIT Guwahati emerged as the runner-up.

India Energy Week 2025

India Energy Week (IEW) 2025, held from February 11 to 14, 2025, at the Yashobhoomi Convention
Centre, New Delhi, is a premier global event in the energy sector. The event held under the patronage of
the Ministry of Petroleum and Natural Gas and organized by the Federation of Indian Petroleum Industry
(FIPI) has grown into the world's second-largest energy conference.

A Hub of Innovation and Transformation

The India Energy Week exhibition has grown exponentially to become the world's new meeting place for
energy professionals, with millions of dollars of business conducted onsite, positioning it at the very heart
of international business.

A key facilitator of dialogue between international and regional producers, the event provides
international exhibitors with the opportunity to network with key buyers from over 120 countries across
the full energy value chain. Exhibitors will have the opportunity to showcase cutting-edge technologies
that drive sustainable energy solutions, forge strategic partnerships, and explore opportunities to shape
the future of energy.

Defining Achievements of IEW 2025

• 70K+ Energy Professionals
• 700+ Exhibiting Companies showcased innovations
• 120+ Countries participated, highlighting global interest

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