The Government of India reportedly plans to shut 32 units across 12 power plants in the country as they have failed to meet emissions targets. The Financial Times reported that the units, which have a combined capacity of 5.019GW, failed to submit plans to meet the prescribed emission control norms. …
Read More »India Ranks First as Iraqi Oil Buyer
The Iraqi Oil Marketing Company “SOMO” announced on Wednesday that Indian oil companies were the most buyers of Iraqi oil during the month of July. “The Indian companies were the most numerous among other international companies to buy Iraqi oil, by 7 out of 30 companies that bought Iraqi oil …
Read More »Saudi Aramco Continues to Explore India Investment Plan
World’s largest oil company Aramco remains committed on its investment plan in India, including a $15 billion deal with Reliance Industries, even though Covid-19 pandemic has made life difficult for oil companies with suppressed demand and falling oil prices and wide scale erosion in valuations. Replying to a query from …
Read More »Himalaya’s Geothermal Springs Emit Huge Amount of CO2
The chemical processes taking place in rocks deep in the Himalayan core are a signficant source of emissions, a new study finds.
Read More »After Nearly 20 Years, India’s Oil Demand Seen Slipping into the Red
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners to start planning for lower crude runs in order to prevent a problem of plenty at home. India, one of …
Read More »Reliance Industries Overtakes Exxon as Second Most Valuable Energy Firm
India’s oil-to-telecoms conglomerate Reliance Industries surpassed on Friday Exxon as the world’s second most valuable firm doing business in energy after Saudi Arabia’s oil giant Aramco. Reliance Industries is the most valuable company in India and has diversified operations, including oil refining. Its market capitalization hit US$189 billion (14.1 trillion …
Read More »US may Open Its Strategic Petroleum Reserve to Store Indian Oil
India proposes to build a portion of its strategic oil reserve in the US to take advantage of current low prices and quickly scale up its storage. The move will allow the country to quickly enhance the strategic oil reserve to meet 100 days of oil requirements from present capacity …
Read More »New Partnership Targets 138MW of Onshore Wind Farms in India
The first project to be built is the 38MW Balenahalli development, which will generate clean electricity to power more than 145,000 people.
Read More »Global Wind and Solar Generation Smash New Record, Doubling since 2013
Europe generated almost 18% of its electricity by wind and solar last year, while China, India and the US were all above the global average of 8%, according to a new report.
Read More »India Moves to Make Power and Renewable Sectors Self-Reliant
The government seeks to reduce import dependency in a bid to boost domestic manufacturing and job opportunities.
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