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Oil & Gas News

Goldi Solar to infuse over Rs 5,000 crore for business expansion plans

The company plans to increase module manufacturing capacity from 2.5 GW to 6 GW and ramp up its workforce to over 5,500 across functions Read More >>

Bengal coal scam: IPS officer's role under ED scanner

Magharia, currently serving as the deputy commissioner (south division) of Kolkata Police, is supposed to be at ED's headquarter in New Delhi on Monday and face questioning on this count. Read More >>

Goldi Solar to invest Rs 5,000 cr to raise module manufacturing capacity to 6 GW: MD Ishver Dholakiya

"We have plans to infuse over Rs 5,000 crore as part of expansion plans to increase module manufacturing from 2.5 GW to 6 GW," he said while launching HELOC Plus (high-efficiency low on carbon) module series with Heterojunction technology. Read More >>

Brent crude oil prices slip below $85/barrel for first time since January

Brent crude futures for November settlement slipped $1.35, or 1.57 per cent, to $84.80 a barrel at 0640 GMT. The contract fell to as low at $84.51, the lowest since Jan. 14. Read More >>

Pune, twin cities top in electric vehicle registrations

According to the data from the National Informatics Centre, Pune stands third among 10 cities with highest number of EV registrations, ahead of Mumbai and Chennai. Mumbai occupies the 7th spot, Chennai 8th, while Pimpri Chinchwad is at the10th spot in terms of EV registrations. Read More >>

Drones to keep an eye on power transmission towers in MP from Oct 1

Currently, the inspection of towers is being done manually. Employees climb the towers to check the equipment and this process is very time consuming and laborious. Now, drones would do this work, he said. Read More >>

Auto suppliers feel the green squeeze as carmakers get clean

Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have little choice but to shoulder the extra costs of making their components sustainable to meet carmakers' environmental targets. Read More >>

Opinion: Global energy hogs both hinder and help energy transition challenge: Maguire

The top 10 total energy consumers in 2021 included perennial industrial heavyweights the United States, China and Japan; fast-growing emerging markets India, Brazil, and Russia; established second-tier economies Germany, South Korea and Canada; and a revitalised Iran benefiting from easing international sanctions. Read More >>

Lights out, ovens off: Europe preps for winter energy crisis

In poorer eastern Europe, people are stocking up on firewood, while in wealthier Germany, the wait for an energy-saving heat pump can take half a year. And businesses don't know how much more they can cut back. Read More >>

Saudi Arabia announces 5 renewable energy projects

The Saudi Power Procurement Company said the projects are the fourth phase of the kingdom's National Renewable Energy Program of the Energy Ministry, Xinhua news agency reported. Read More >>

Vitol expects Russian oil to flow to Asia and Mideast

The Russia-Ukraine war has made energy security the top issues for governments as they grapple with inflation, and with bans on Russian oil looming and Moscow slashing gas supplies to Europe, policymakers are setting aside sustainability concerns for now. Read More >>

India's 2030 stronger climate targets set momentum

According to a new study published in the prestigious journal Nature Communications and authored by researchers at Lappeenranta-Lahti University of Technology (LUT), who modelled the Indian power sector transition in a state-wide resolution on an hourly timescale up to 2050 for the first-time, the authors estimated that the cost of electricity can come down by 40 per cent. Read More >>

Oil prices fall on fuel demand fears sparked by recession concerns

Brent crude futures for November settlement slipped 54 cents, or 0.63 per cent, to $85.61 a barrel at 0511 GMT. US West Texas Intermediate (WTI) crude futures for November delivery dropped 48 cents, or 0.61 per cent, to $78.26. Read More >>

India should be the hub for compact EV manufacturing: Kant

Kant said is a huge opportunity for battery storage manufacturing in India, for two wheelers for electric storage for three wheelers. Read More >>

ONCG says no clarity on resumption of Sakhalin-1

Production at Sakhalin-1 was "minimized" shortly after the Ukraine war started and there is no clarity or timeline yet when it could be resumed, ONGC officials told Reuters on the sidelines of the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022. Read More >>

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