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Oil & Gas News

India's energy strategy - Balancing the conventional and the new energy sources

India continues to invest in capacity building, forging partnerships, and making the transition. Confident country ticking all the boxes to achieve self-reliance on energy. Read More >>

Russia's Novatek, India's GAIL poised to seal gas sales deal

The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance. Read More >>

India's coal production rises 13 pc in January

As per provisional data of the coal ministry, Coal India Ltd (CIL) registered a production growth of 11.44 per cent in January, whereas SCCL and captive mines, and others posted a growth of 13.93 per cent and 22.89 per cent, respectively. Read More >>

IOC to invest Rs 250cr in Bengal by FY23 to push green auto fuels

The state-owned refiner and oil retailer said it has currently achieved ethanol blending of 7.5 per cent in the state against the national average of 10 per cent, with Bengal lagging behind in ethanol supply. Read More >>

Coal India arm MCL introduces drone technology in coal mines

"The portal allows an authorised person to access real time drone video from the mine through a dedicated 40 Mbps internet lease line near the mines," the coal ministry said in a statement. Read More >>

S&P Global revises Adani Electricity, Adani Ports ratings to 'negative'

"The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group," it said. Read More >>

PM to unveil solar cooking system at India Energy Week

Modi will also launch the E20 fuel, or petrol blended with 20 per cent ethanol, at 84 retail outlets of oil marketing companies in 11 states and union territories, the petroleum and natural gas ministry said in a statement. Ethanol blending in the country increased to more than 10 per cent in 2022 from 1.53 per cent in 2014. Read More >>

Sebi notifies stronger framework for green bonds; introduces concept of blue, yellow bonds

As per the notification, the watchdog has strengthened the framework for green bonds by enhancing the scope of definition of green debt security by including new modes of sustainable finance in relation to pollution prevention and control and eco-efficient products. Read More >>

Punjab cabinet approves new industrial and electric vehicle policies

The cabinet also accorded approval to Punjab Electric Vehicle Policy (PEVP)- 2022 with a move to check the environmental pollution in the state due to emission from vehicles, said an official statement here. Read More >>

Indian refiners pay traders in dirhams for Russian oil

Indian refiners and traders are concerned they may not be able to continue to settle trades in dollars, especially if the price of Russian crude rises above a cap imposed by the Group of Seven nations and Australia in December. Read More >>

HP transport dept switches to electric vehicles

As many as 300 e-buses will be added to the fleet of the Himachal Road Transport Corporation (HRTC) for which an outlay of Rs 400 crore has been sanctioned, he said. Read More >>

Tata Power third quarter net profit nearly doubles to Rs 1,052 crore

The consolidated net profit of the company was Rs 551.89 crore in the quarter ended on December 31, 2021, a BSE filing showed. Total income rose to Rs 14,401.95 crore in the quarter from Rs 11,018.73 crore in the same period a year ago. Read More >>

Decarbonizing cement sector: Need to bind technology innovation with transition finance

With India's ambitious Net-Zero 2070 target acting as a guiding light, the time has come for the cement sector to make its rightful contributions to it. Read More >>

BYD India opens second showroom in Kerala, in Kozhikode

EVM Southcoast, near Kozhikode’ mini bypass road, opposite Malabar Institute of Medical Science (MIMS), Calicut, will provide access to BYD’s pure electric vehicles with high-quality services for its consumers in Kerala. Read More >>

Budget focusses on farming sector, adopting sustainable technologies: Industry

Farmers will get qualitative benefits from the far-reaching results in this. Initiatives have been announced in the budget to give priority to the works of farming, milk and fish farming, it is a welcome step and the farmer will get new energy and economic strength. Read More >>

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