The government recently extended Vedanta’s production sharing contract (PSC) for the block for another 10 years till May 2030 but sought an additional 10per cent profit from the oil block. The Centre on Wednesday informed […]
Poland received a record number and volume of shipments of liquefied natural gas (LNG) last year, as it diversified away from Russian energy sources. Moscow cut off gas supplies to Poland in April, though Warsaw had in […]
Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]
As 2022 drew to a close, EU energy ministers finally reached an agreement to cap gas prices at €180 (£159) per megawatt hour (MWh) following months of volatility that piled pressure on European businesses and households. The […]
Annual solar and wind capacity addition has averaged at about 9 GW over the last five years as against a corresponding target of 19 GW.New Delhi: India’srenewablecapacity, exclusing large hydro, is expected to have touched […]
It also aims to set up 60-100 GW of electrolyser capacity by 2030New Delhi: The UnionCabineton Wednesday approved theNational Green Hydrogen Missionto make India a global hub ofgreen hydrogen. “The Mission aims to reduce 50 […]
The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to Rs 0.15 lakh crore in FY 2021-22 from Rs 0.23 lakh crore in FY 2020-21, showing a decrease of […]
The ongoing war in Ukraine, continued high inflation and recession concerns will play a pivotal role in the gold, silver and platinum metals markets in 2023, according to Heraeus, the world’s biggest precious metals […]
When environmentalists look back on 2022, they might remember it as the year the United States finally passed a major climate change law. Some advocates worry, however, that this significant victory is being undermined by […]
Russia’s invasion of Ukraine sparked a major market crisis, sending oil and gas prices to multi-decade highs and causing the Euro to crash below parity with the dollar. Today, energy prices have fallen back to […]
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