Despite COVID-19 restrictions in several states, Coal India maintained its output and despatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7 […]
New Delhi: Saudi Arabia, the world’s largest oil exporter, on Sunday said it is committed to meet India’s requirements of petroleum products, an affirmation that came in the wake of the country pitching for easing global […]
Fuel demand fell sharply in May as lockdowns were imposed in many states to curb a surge in coronavirus cases, which has made India the second-most infected country behind the US. But the outbreak is […]
Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge in oil-product exports from Iran. The virus […]
New Delhi: The benefits of Artificial Intelligence and Internet of Things are enormous for the mining industry which is still using legacy practices and technologies, coal ministry’s additional secretary M Nagaraju said today. Speaking at a webinar organised by […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), April and May 2021 The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel. […]
New Delhi: Adani Green Energy Limited (AGEL), the renewable arm of the conglomerate group formally announced its outright acquisition of SB Energy early on Wednesday morning in a deal worth $3.5 billion (Rs. 24,000 crore), the largest such transaction […]
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars […]
Adani Green, the renewable energy producer controlled by Indian billionaire Gautam Adani, said it has agreed to buy SB Energy India from SoftBank Group (SBG) and Bharti Enterprises for $3.5 billion. The acquisition of SB Energy India, which has a portfolio of […]
Japan’s Japex will sell its 10% stake in a Canadian shale gas project to Malaysia’s Petronas amid concerns over profitability and its carbon footprint. Japex is divesting its share of a joint venture that is responsible for […]
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