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Oil & Gas News

Mahindra to partner Volkswagen for electric vehicles

Mahindra will use components from Volkswagen's MEB platform like electric motors, battery system components and battery cells for its "Born Electric Platform". Read More >>

Swiss government, gas industry work to boost gas reserves

Switzerland depends on imports for gas and does not have its own gas storage facilities. Gas accounts for around 15 per cent of the country's overall energy consumption. Read More >>

Explainer: Why is India facing its worst power crisis in over six years?

New hybrid work models adopted since COVID-19 struck in 2020 have resulted in millions of Indians working from home, boosting residential daytime power use. The gap between power supplied and consumed has often been wider at night when solar supplies stop and air conditioning demand surges. Read More >>

India's power grid creaks under hybrid work model, heatwave

India has traditionally seen peak demand late in the evening when people head back home but that has shifted to mid-afternoon when temperatures are hottest, government data shows, driven by record residential daytime use, a pick up in industrial work, and more use of irrigation pumps to tap higher solar supply. Read More >>

LPG price hiked by Rs 3.5, crosses Rs 1,000 mark

Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously, according to a price notification of state-owned fuel retailers. Read More >>

OPINION: Solid-State Batteries: A Viable Alternative to Li-on Batteries?

The dominant battery technology today, lithium-ion (li-on), offers benefits like high energy density that make it ideally suited for EVs. However, the technology has drawbacks, namely safety issues, poor thermal management, and a dependence on raw materials whose supply is limited and ethically fraught. Read More >>

Waaree Energies bags orders worth $2.37 billion for solar panels

The company currently has a 4 GW module manufacturing capacity and plans to add another 5 GW by December 2022 Read More >>

Vivek Kumar Dewangan takes charge as CMD of REC Ltd

Before his appointment in REC, he was serving as Additional Secretary in the power ministry Read More >>

Chhattisgarh CM defends Parsa coal mining; says country needs coal to generate power

Speaking to reporters in the state capital before flying to Bastar to embark on the second phase of the "meet and greet" programme beginning in tribal Bastar region, he said "electricity generation largely depends on coal which is available in abundance in forest regions and mountains". Read More >>

Woodside shareholders approve BHP petroleum merger

The merger, agreed last August, advances top global miner BHP's effort to move away from fossil fuels as it looks to decarbonise, while doubling Woodside's oil and gas production and beefing up its funding for growth. Read More >>

Russian oil ship-to-ship transfers shift to Rotterdam and near Ceuta

Russian Urals oil shipments to Asia have been rising due to European limitations, while using larger vessels for long journeys East help buyers save money, making STS operations for Urals oil popular. Read More >>

Public sector entities get power to close, divest units

The cabinet also delegated additional powers to the alternative mechanism to accord 'in principle' approval for disinvestment and minority stake sale in Maharatna PSUs. Read More >>

Oil prices recoup early losses on China hopes, global supply fears

US West Texas Intermediate (WTI) crude futures for June rose 93 cents, or 0.8 per cent, to $110.52 a barrel, recovering from an early loss of more than $2. WTI for July was up $1.57, or 1.5 per cent, at $108.50 a barrel. Read More >>

Ecopetrol, Occidental to develop four offshore oil blocks

The four blocks are located in deep waters some 150 kilometers off Colombia's northern Caribbean coast, Ecopetrol said in a statement. Read More >>

Chandigarh: UT reviews report of power dept privatisation

The petitioner, UT Powermen Union, had argued that the policy under which services are being privatised in the city had not got final nod from the government and that it was a draft policy. It was also argued that if at all services were to be privatised, it should have been done in places where service providers had been running losses, which was not the case in Chandigarh. Read More >>

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