Total is paying $2.5 billion (Rs 18,320 crore) for a share in India’s Adani Green Energy Limited (AGEL) and its solar power assets, in what the French company said was its biggest investment yet in renewables. As it furthers its strategic shift from fossil fuel, the deal will give Total a 20% stake…
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday said fuel prices had gone up because of lower production in oil-producing nations due to the coronavirus pandemic. This lower production had caused an imbalance in demand and supply, the minister said. “Oil producing countries stopped production or reduced it during the…
Oil prices have come under strong pressure last week as the number of new COVID-19 infections rose dramatically following a significant increase in the crude prices in the past few months on the back of bullish expectations with the roll out of coronavirus vaccine across the world. Oil futures in New York tumbled…
“Is Exploring For Oil Still Profitable?” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving legions of people jobless, and upending the natural order of things, everyone who has anything to do with the energy sector has found themselves asking these…
ABU DHABI, Abu Dhabi National Oil Company (Adnoc), the UAE’s biggest energy producer — has merged its downstream business with its trading and marketing operations to create the Downstream Industry, Marketing & Trading Directorate. The new unit “will be a critical enabler of the company’s goal to responsibly deliver the energy and energy…
KUALA LUMPUR: Malaysia is taking legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm oil-based biofuels, the government said. The world’s second largest palm oil producer, which has called a EU renewable-energy directive “discriminatory action,” is seeking consultations under the World Trade…
ISLAMABAD: Directorate General of Petroleum Concessions has publicly opened bids for 20 onshore blocks for grant of Petroleum Exploration Rights through open bidding at Petroleum House, Islamabad. According to a press release of Ministry of Energy, the minimum investment to be carried out by the Exploration and Production companies in these blocks for…
TEHRAN – Steady production from Iran’s giant South Pars gas field, which the country shares with Qatar in the Persian Gulf, has ensured uninterrupted and sustainable supply of natural gas across the country during the cold season. The mentioned gas field is expanded over an area of 9,700 square kilometers, 3,700 square kilometers…
Washington: A top India-centric American business advocacy group has suggested Finance Minister Nirmala Sitharaman to lower tariff in the Union Budget if the country wants to compete with China-backed mega free trade agreement Regional Comprehensive Economic Partnership (RCEP). China and 14 other countries in November last year established the world’s largest trading bloc…
New Delhi: State-run Energy Efficiency Services Ltd (EESL) has inked a pact with Petroleum Conservation Research Association (PCRA) for implementation of Energy Efficient PNG Cook Stove (EEPS) programme, across India. The EESL, a joint venture of PSUs under the Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with PCRA,…
English
Arabic
Chinese (Simplified)
Gujarati
Hindi
Marathi
Persian