State-owned Oil and Natural Gas Corporation (ONGC) is offering a stake to foreign companies in its ultra-deep sea gas discovery and a high-pressure, high-temperature block in the Krishna Godavari (KG) basin as it looks for financial and technological help to bring the challenging fields to production. ONGC has floated an initial tender seeking interest of global majors […]
Surging commodity prices and the introduction of a new duty on imported solar modules are expected to push up solar tariffs by more than one-fifth over the next year, said a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA). “The price and performance of modules are critical factors […]
Over 3 gigawatts (GW) of solar energy capacity were installed in India in January-March 2022, said research firm Mercom India in a report. The installation was 50 per cent higher than the 2 GW added in the same period of 2021. During Q4 2022, 2.7 GW of large-scale solar was installed, registering a quarter-over-quarter (q-o-q) […]
At the World Economic Forum meet in Davos, ReNew Power has signed MOU to invest Rs 50,000 crore in Karnataka over 7 years and another Rs 50 crore for renewable energy in Maharashtra A leading renewable energy company, ReNew Power has inked a Memorandum of Understanding (MoU) with the Karnataka government at the World Economic […]
India has delivered around 40,000 metric tonnes of petrol to Sri Lanka, days after supplying 40,000 metric tonnes of diesel under the Indian credit line to help ease the acute fuel shortage in the debt-ridden island nation which is grappling with its worst economic crisis. India extended an additional $ 500 million credit line to Sri Lanka […]
State-owned Oil and Natural Gas Corporation (ONGC) said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly. “ONGC has become the first exploration and production (E&P) company in India to trade […]
Adani Green Energy and the Andhra Pradesh government have signed a memorandum of understanding (MoU) to establish two major green energy projects in the state. The MoU with the government of Andhra Pradesh was signed by Gautam Adani in the presence of Chief Minister Jagan Mohan Reddy at the World Economic Forum in regard to […]
Swan Energy Limited (SEL) a diversified conglomerate with interests in oil and gas and infrastructure businesses has bought 55 per cent of Veritas (India) Limited, a chemical, petrochemicals and petroleum products manufacturing company with a global presence. As a part of the all-cash deal, SEL has acquired the fully diluted equity share capital from the […]
Soaring prices for some critical minerals essential for battery manufacturing, as well as supply chain disruptions caused by Russia’s attack on Ukraine and by continued Covid-19 lockdowns in some parts of China, are the greatest obstacles to continued strong global electric vehicle sales, the International Energy Agency (IEA) said. Ensuring future growth will demand greater […]
India, under pressure to find more coal to manage power cuts in searing summer heat, said total coal production increased to 33.94 Million Ton (MT) in the first half of May, an increase of 36.23% over the production of 24.91 MT during the same period last year. “Total coal dispatch upto 15th May, 2022 have been […]
