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MEDIA UPDATE (OCTOBER 20, 2022)

Edited By : Ameya Sathaye
Published : October 20, 2022, 7:12 AM IST   |   30

20-Oct-2022

Power

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” New Delhi : Power Finance Corporation Ltd. (PFC) along with REC Ltd. (REC) executed Memorandum of Agreement (MoA) with SJVN Thermal (P) Ltd. (STPL) for Extending Term Loan of Rs. 8520.92 Crore for2x660 MW Buxar Thermal Power Project on 18th October 2022 at New Delhi.” : Sarkaritel.com
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” Gurgoan, Haryana : REC Limited and Power Finance Corporation Limited (PFC) – Maharatna CPSEs under the Ministry of Power have signed a Memorandum of Loan Agreement with SJVN Thermal Private Ltd. (STPL) for financing2x660 MW coal based Buxar Thermal Power Plant (BTPP).” : Sarkaritel.com
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” New Delhi : NLC India Limited (NLCIL) & Kerala State Electricity Board Limited (KSEBL) signed Power Purchase Agreement (PPA) for procuring 400 MW from the upcoming NLC Talabira Thermal Power Project of 2400 MW capacity (3 X 800 MW) at Talabira, Odisha on 19.10.2022 at the Secretariat of Kerala, Thiruvananthapuram.” : Sarkaritel.com
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” New Delhi : NLC India Ltd (NLCIL) has entered into a Memorandum of Understanding (MoU) with National Institute of Wind Energy (NIWE), an autonomous R&D institution under the Ministry of New and Renewable Energy (MNRE), for Strategic Collaboration in developing onshore and offshore wind power projects in India.” : Sarkaritel.com

REC, PFC sign pact with STPL to finance Buxar Thermal Power Plant

524db06275b53New Delhi : REC Limited and Power Finance Corporation Limited (PFC) on Wednesday signed a Memorandum of Loan Agreement (MoA) with SJVN Thermal Private Ltd (STPL) to finance 2×660 MW coal based Buxar Thermal Power Plant (BTPP). : Mint

REC, PFC to provide Rs 8,520 crore finance for Buxar thermal power plant

5270f1a1f406dNew Delhi : State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore finance for setting up a 1,320 MW thermal power plant at Buxar by SJVN Thermal Private Ltd. : Business Standard

DVC hosts 3rd edition of Fit India Freedom Run

5270f43db9e7fNew Delhi : Damodar Valley Corporation, Headquarters Kolkata hosted the 3rd edition of Fit India Freedom Run today under the aegis of Fit India Movement. Employees and contractual staff took part in the walkathon with full fervor and zeal. : psuconnect.in

General Anil Chauhan, Chief of Defence Staff visits BHEL’s Pavilion on Day 2 of DefExpo2022

526d4d77ceb9fNew Delhi : General Anil Chauhan, PVSM, UYSM, AVSM, SM, VSM, Chief of Defence Staff (CDS) visited BHEL’s Pavilion on Day 2 of DefExpo2022. Dr. Nalin Shinghal, CMD, BHEL welcomed CDS and briefed him about the competencies & new products being developed by the company for defence & aerospace sector. : psuconnect.in

Power tariff payable to discom can’t be revised by regulator on pretext of prudence check: SC

New Delhi : The Supreme Court on Tuesday ruled that the Delhi Electricity Regulatory Commission (DERC), the electricity regulator, cannot revise or re-determine the already fixed power tariff for discoms in the guise of prudence check and truing up. : Sarkaritel.com

Vedanta arm Balco wins bid for coal block in Chhattisgarh

New Delhi : Vedanta Ltd on Wednesday said that its arm Balco has won the bid for a coal block in Chhattisgarh. The company emerged as successful bidder for the mine during the fourth round of commercial coal mine auction conducted by the government. : Economic Times

Global CO2 emissions to grow less than 1 per cent this year thanks to renewables IEA

London : Global carbon dioxide emissions from burning fossil fuels are expected to rise by just under 1% this year, as the expansion of renewables and electric vehicles outweighed coal demand, the International Energy Agency (IEA) said. : Economic Times

Greenko to supply 1,000-MW green energy to steel maker JSP’s Odisha plant

New Delhi : Jindal Steel and Power (JSP) has signed an agreement with clean energy player Greenko for the supply of 1,000-MW green power. As part of the Memorandum of Understanding (MoU), Greenko will supply the clean power for its steel making operations at Angul, Odisha, JSP said in a statement. : Economic Times

Kerala students develop electric car; win laurels at global competition

New Delhi : An electric car, designed by students of the Government Engineering College Barton Hill here, has bagged an award and an honorable mention at the international energy efficiency competition, Shell Eco-Marathon (SEM) 2022, held at Pertamina Mandalika circuit in Indonesia recently. : Economic Times

Australia promises billions for renewable projects to ‘rewire’ power grid

Sydney : Australia on Wednesday announced plans to build renewable energy zones, wind projects and underwater electricity interconnectors, as it looks to build its renewable power capabilities and bring more clean energy into its national grid. : Economic Times

Portugal to raise regulated electricity prices by just 2.8 per cent in 2023

New Delhi : Portugal’s electricity regulator ERSE proposed to increase by just 2.8 per cent the regulated prices for hundreds of thousands of households and small businesses, protecting them from soaring prices in the Iberian wholesale market. : Economic Times

Regulator can’t revise power tariff payable to discom in the guise of prudence check: SC

New Delhi : The Supreme Court said on Tuesday the electricity regulator, DERC, cannot revise or re-determine the already fixed power tariff for discoms in the guise of “prudence check and truing up” as it would amount to amending the rates to be levied from consumers. : Economic Times

ISA identifies 3 barriers to global solar adoption

New Delhi : The fifth assembly of International Solar Alliance (ISA) being held in New Delhi, member countries are putting in place the key pieces that are necessary for wider adoption of solar energy. : Economic Times

Commercial, industrial consumers have opportunity get green tag says official

New Delhi : Commercial and industrial power consumers have an opportunity to get green tag by using renewable energy, a senior official said. “Commercial and Industrial (C&I) have an opportunity to consume renewables to attain the green tag. : Economic Times

Corporate funding in global solar sector falls 18 per cent to $18.7 billion, says Mercom Capital report

New Delhi : Corporate funding in the global solar sector declined by 18 per cent year-on-year to USD 18.7 billion in January-September 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC), debt financing, and public market financing. : Economic Times

ISA interventions will change the global energy dynamics: Ajay Mathur

New Delhi : Most importantly we approved proposals for the risk management facility that will enable investments to flow into countries, particularly in Africa, where investments have not been flowing. : Economic Times

NARCL offers ₹900 crore for Meenakshi Energy debt

New Delhi : National Asset Reconstruction Company of India (NARCL), the government-promoted bad bank, has given lenders of Meenakshi Energy a ₹900 crore binding offer to acquire its debt, said two people aware of the development. : Economic Times

PM likely to inaugurate greenfield airport, 600 MW power plant in Arunachal next week

New Delhi : Prime Minister Narendra Modi is likely to visit Arunachal Pradesh next week and inaugurate the greenfield airport in Itanagar and a 600 MW Kameng hydro electric power project, officials said on Wednesday. : Sarkaritel.com

Analysis: Indonesia to strike green energy deal with rich nations at G20 summit

New Delhi : Indonesia is on track to secure a clean energy partnership with rich countries when it hosts a G20 summit in November, obtaining international funding to cut its reliance on coal power and to implement a green and fair transition, energy analysts said. : Economic Times

Octopus Energy creates JV with Italian solar and wind farm developer Nexta

London : Britain’s Octopus Energy Group said on Wednesday it was creating a joint venture (JV) with Italian solar and wind farm developer Nexta Capital Partners to produce 1.1 gigawatts (GW) of new onshore wind and solar farms in Italy by 2025. : Economic Times

EU and Morocco sign green energy deal

New Delhi : The European Union and Morocco on Tuesday signed a “green partnership” deal they hope will bolster cooperation on renewable energy. : Economic Times

Qatar inaugurates solar plant to help power World Cup

DOHA : Gas-rich Qatar inaugurated Tuesday its first solar power plant stretching across the desert, which organisers of the football World Cup have said will provide clean energy for its stadiums. : Economic Times

Germany to examine plans for skimming excess power profits

Frankfurt : Germany’s government plans to examine detailed proposals for skimming off excess power profits above production costs to help subsidise electricity bills and pay for the stabilisation of power transmission grids, a paper seen by Reuters on Wednesday showed. : Economic Times

US to offer leases for Pacific offshore wind energy platforms

Washington : The US Interior Department announced plans on Tuesday to offer leases for the first offshore wind energy platforms in the Pacific Ocean. : Economic Times

100 MW solar plant at Getalsud Dam awaits clearance for over one year

Ranchi : Jharkhand’s first 100 MW floating solar panel grid is awaiting clearances from the Solar Energy Corporation of India (SECI) since it received the nod from the state cabinet in April 2021. : Economic Times

Suzlon Energy shares zoom, a day ahead rights issue closure. Bid details here

New Delhi : As of 5 pm on Wednesday, October 19, 2022, Suzlon Energy’s rights issue has already received bids for 216 crore shares (out of the 240 crore shares offered via the rights issue), as per the BSE data. : Mint

CG Power Q2 net profit falls 11% to Rs 179 cr; total income rises 16%

New Delhi : CG Power and Industrial Solutions on Wednesday reported 11 per cent decline in consolidated net profit at Rs 178.97 crore for September quarter 2022-23. : Business Standard

SJVN bagged 105 MW Floating Solar Project through e-Reverse auction

New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN has obtained 105 MW Floating Solar Project through e-Reverse auction held by Maharashtra State Power Generation Company (MAHAGENCO). : psuconnect.in

China’s CATL to Supply Battery to 690 MW Gemini Solar + Storage Project

New Delhi : China’s CATL to Supply Battery to 690 MW Gemini Solar + Storage Project. : saurenergy.com

UAE Gets its First Solar-Powered Car

New Delhi : UAE Gets its First Solar-Powered Car. : saurenergy.com

Asia Brewery Awards 13.8 MWp Rooftop Project to TotalEnergies ENEOS

New Delhi : Asia Brewery Awards 13.8 MWp Rooftop Project to TotalEnergies ENEOS. : saurenergy.com

India, France re-elected as President, Co-President of International Solar Alliance

New Delhi : India and France are re-elected as President and Co-President of the International Solar Alliance (ISA) at the fifth general assembly of the body. : Economic Times

India-led global alliance bats for diverse solar energy market

Bengaluru : For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials said during a conference on solar energy in New Delhi said on Tuesday. : Economic Times

Global dependence on fossil fuels unhealthy, says Indian Power Minister

New Delhi : India’s Power and Renewable Energy Minister Raj Kumar Singh on Tuesday said that the past two years have provided multiple reminders that the global dependence on fossil fuels is unhealthy, not just for the environment, but also for the economy. : Economic Times

LIC’s shareholding in NHPC comes down to 5.2%

New Delhi : Life Insurance Corporation (LIC) has informed that it has sold share worth Rs 700.79 crore of hydro power generator NHPC between March and October this year. After the sale of NHPC shares, LIC’s shareholding in the company has come down to 5.2 per cent. : Economic Times

Navitas Solar says achieved carbon neutrality for 2021

New Delhi : Surat-based solar module manufacturer, Navitas Solar, has announced carbon neutrality for calendar year 2021 and received recognition from the United Nations Framework Convention on Climate Change. : Mint

SJVN wins 105 MW floating solar project in Maharashtra

New Delhi : Satluj Jal Vidyut Nigam (SJVN) on Wednesday announced that it has obtained 105 MW Floating Solar Project through e-Reverse auction held by Maharashtra State Power Generation Company (MAHAGENCO). : Mint

West Bengal Tenders 205 EV Charging Stations to be Installed Across the State

New Delhi : West Bengal Tenders 205 EV Charging Stations to be Installed Across the State. : mercomindia.com

US to Lease Out Areas Off the California Coast for Offshore Wind Projects

New Delhi : US to Lease Out Areas Off the California Coast for Offshore Wind Projects. : mercomindia.com

Daily News Wrap-Up: Suzlon Bags Order for Adani Green’s 48.3 MW Wind Projects

New Delhi : Daily News Wrap-Up: Suzlon Bags Order for Adani Green’s 48.3 MW Wind Projects. : mercomindia.com

Chennai’s C&I Sector Looks to Adopt Solar to Meet Energy Demand as ROIs Improve

New Delhi : Chennai’s C&I Sector Looks to Adopt Solar to Meet Energy Demand as ROIs Improve. : mercomindia.com

IREDA organises Nukkad Natak at DTU to spread awareness against corruption

New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA) in collaboration with Delhi Technological University (DTU) organized a Nukkad-Natak at the DTU campus on 18th October 2022. Nukkad Natak was held as part of IREDA’s “Vigilance Awareness Week 2022” to raise awareness against corruption. : psuconnect.in

SJVN Floats BoS Tender for 100 MW Solar Plants in Punjab

New Delhi : SJVN Floats BoS Tender for 100 MW Solar Plants in Punjab. : saurenergy.com

Indian Market Is The Biggest Market For Solar; Will Continue To Be: MNRE Min R K Singh

New Delhi : Indian Market Is The Biggest Market For Solar; Will Continue To Be: MNRE Min R K Singh. : saurenergy.com

World’s Largest Single Phase Energy Storage Project is Now Operational

New Delhi : World’s Largest Single Phase Energy Storage Project is Now Operational. : saurenergy.com

Draft National Wind Repowering Policy 2022 Finally Out

New Delhi : Draft National Wind Repowering Policy 2022 Finally Out. : saurenergy.com

TOPCon Solar Cells Achieve 22.8% Efficiency With Plasma-Aided Atomic Layer Deposition

New Delhi : TOPCon Solar Cells Achieve 22.8% Efficiency With Plasma-Aided Atomic Layer Deposition. : mercomindia.com

Bids Invited for 3.41 MW of Rooftop Solar Systems on Railway Station in Navi Mumbai

New Delhi : Bids Invited for 3.41 MW of Rooftop Solar Systems on Railway Station in Navi Mumbai. : mercomindia.com

Project Finance Brief: APG Acquires 49% Stake in Gemini Solar + Storage Project in Las Vegas

New Delhi : Project Finance Brief: APG Acquires 49% Stake in Gemini Solar + Storage Project in Las Vegas. : mercomindia.com

GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option

New Delhi : GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option. : mercomindia.com

Hitachi Energy bags contract from NTPC Renewable Energy

New Delhi : Hitachi Energy India on Wednesday said that it has been awarded a contract by NTPC Renewable Energy to supply power transformers for its upcoming 4.75 GW renewable energy park in Gujarat, which is part of India’s largest solar park. : Mint

Oil and Gas

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” Mumbai : Hindustan Petroleum Corporation Ltd., A Maharatna Oil Company, has been conferred with prestigious ‘Dushyant Samman’ by Pasbaan-e-Adab for its pioneering work in the field of propagating Hindi Language. The Award is instituted to honor one of the foremost Hindi Poets of 20th Century, Late Dushyant Kumar Tyagi.” : Sarkaritel.com

Indian Team from Yeravada Prison, powered by IndianOil’s Parivartan – Prison to Pride initiative, wins Bronze at Intercontinental ‘Chess for Freedom’ Online Championship

52c021946ef93New Delhi : Representing India, the Chess Team from Yeravada Prison, Pune, secured the Bronze medal at the recently concluded Intercontinental ‘Chess for Freedom’ Online Championship for Prisoners, organized by World Chess Federation (FIDE). The event witnessed the participation of more than 85 teams from 46 countries. : Sarkaritel.com

GAIL integrates with UN Cop15 patronised global awareness campaign on Biodiversity, Environment & Climate change

526baa47d40b9New Delhi : GAIL (India) Limited has integrated with INTERACTIONS, a global campaign to create connections between Nature, Humans and Animals through Biodiversity, Climate Change, Environment and Water Risks. : Sarkaritel.com

IOC in talks with US co Tellurian for LNG pact

52c021946ef93New Delhi : Indian Oil Corp is in talks with US energy firm Tellurian Inc for a long-term liquefied natural gas (LNG) supply deal as well as an equity investment in the latter’s Driftwood project, according to people familiar with the matter. : Economic Times

GAIL to take over debt-laden JBF Petrochemicals in a rare deal for a PSU

526baa47d40b9New Delhi : Lenders have issued a letter of intent to Gail Ltd, giving a go-ahead to the company to take over the debt-laden JBF Petrochemicals through the insolvency process. : Economic Times

BPCL partners with MobiKwik for digital payment of refilling LPG cylinder; offers 100% cashback

52c021a3416f1New Delhi : Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, has partnered with MobiKwik, the second largest mobile wallet in India, for digital payment of refilling LPG cylinders through the MobiKwik app. : psuconnect.in

Demand for Russian crude rises in India, China: Reports

New Delhi : Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especially among India, China, and Turkey, according to media reports. The three countries have been Russia’s most reliable buyers of its crude during its ongoing conflict with Ukraine amid sanctions threat, reports said. : Sarkaritel.com

India’s largest bio energy plant commissioned in Punjab

New Delhi : Punjab Chief Minister Bhagwant Mann, along with Union Petroleum Minister Hardeep Puri, on Tuesday dedicated India’s largest bio energy plant, constructed at a cost of Rs 230 crore, over 20 acres of land. : Sarkaritel.com

Aker says it is no longer part of group seeking to buy OMV’s E&P business

Oslo : Norway’s Aker ASA said on Wednesday it was no longer part of a consortium that had made an unsolicited offer in July to buy most of Austrian oil and gas firm OMV’s exploration and production business. : Economic Times

Oil prices rise as investors seek riskier assets and on China demand outlook

Singapore : Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China. : Economic Times

India, France adopt roadmap for development of green hydrogen

New Delhi : India and France on Tuesday adopted an ambitious roadmap for the development of green hydrogen as part of the efforts to promote clean energy transitions and meet carbon neutrality targets. : Economic Times

Auto ind needs to provide flexi-fuel vehicles at various price points to accelerate blended fuel tech adoption: Puri

New Delhi : Indian automobile industry needs to provide flexi-fuel vehicles at various price points quickly to accelerate the adoption of blended fuel technology, Union Minister Hardeep Puri said on Wednesday. : Economic Times

EU proposes energy measures, avoids immediate gas price cap

New Delhi : The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain split over the idea. : Economic Times

UK North Sea firm Ithaca Energy plans London listing

London : North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by the dismal economic outlook. : Economic Times

Nord Stream ruptures revealed as Europe grapples with gas plan

New Delhi : Damage to the Nord Stream gas pipeline from Russia to Europe was caused by powerful explosions, Danish police said on Tuesday, echoing earlier findings into leaks that erupted in the network under the Baltic Sea and that have been blamed on sabotage. : Economic Times

Sasol, ArcelorMittal to jointly explore green hydrogen, carbon capture projects

New Delhi : South African petrochemicals company Sasol on Tuesday said it was partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen. : Economic Times

Biden expected to announce new release from oil stockpile

Washington : President Joe Biden is expected to announce Wednesday that he is releasing more oil from the US strategic reserve as part of a response to recent production cuts announced by nations in OPEC+, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections. : Economic Times

Crisis-hit Sri Lanka opens fuel market to foreign firms

New Delhi : Sri Lanka’s parliament on Tuesday approved legislation allowing foreign competition in the local fuel market, ending a 19-year duopoly as the bankrupt island struggles to import oil. : Economic Times

Asia’s largest Compressed Bio Gas plant inaugurated in Sangrur by Union Minister Hardeep S. Puri

New Delhi : Addressing the inaugural event of Asia’s largest Compressed Bio Gas (CBG) plant in Lehragaga, Sangrur, Punjab, Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs Hardeep S. Puri, said that this plant in Sangrur is just the beginning of India’s master plan for a CBG-based rural economy. : Sarkaritel.com

Iberian gas prices for utilities fall below cap for first time

New Delhi : Iberian wholesale market gas prices extended steep declines on Wednesday, with the day-ahead contract falling for the first time below the 40 euros per megawatt-hour (MWh) cap set in May for gas-fired power plants, official data showed, after the national grid operator warned it may reject LNG shipments due to overcapacity. : Economic Times

EU leaders still eyeing multiple gas price caps: document

New Delhi : European Union leaders meeting this week are set to endorse the bloc’s latest proposals to curb energy prices, but pressure Brussels to go further and cap the price of gas used in power generation, according to a draft of their meeting conclusions. : Economic Times

Amid rising chorus for price cap on Russian oil, India says it will examine the proposal

New Delhi : Amid rising chorus for putting a price cap on Russian oil by US and the European Union, India has said that it will examine the proposal, Reuters reported. : Economic Times

BlackRock tells UK ‘no’ to halting investment in coal, oil and gas

London : BlackRock, the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to “engineer a specific decarbonization outcome in the real economy.” : Economic Times

Some risks too big: Insurers withdraw from fossil projects

Berlin, Germany : Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change – to cheers from environmental campaigners. : Economic Times

Australia names former state leader special envoy for East Timor gas project

Sydney : Australia on Tuesday appointed former Victoria state premier Steve Bracks as its special representative for the Greater Sunrise gas project in East Timor as both countries look to break a stalemate over how to develop the gas fields. : Economic Times

QatarEnergy expanding in LNG, won’t divert supplies to Europe

New Delhi : QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday. : Economic Times

Oil prices rise on supply woes

New Delhi : Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. : Economic Times

OPEC+ oil cut ‘nothing political’, UAE insists

Abu Dhabi : The United Arab Emirates on Tuesday insisted the output cut announced this month by oil cartel OPEC and its allies, including Russia, was not politically motivated against the United States. : Economic Times

Ecuador oil round attracts interest from 16 foreign companies

New Delhi : Sixteen international oil companies are potentially interested in investing in six exploratory blocks in Ecuador that could add up to 24,000 barrels of crude per day to national output, the country’s energy ministry said on Tuesday. : Economic Times

Biden to release 15 mln barrels from US oil reserves: official

Washington : President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US official said. : Economic Times

Russia leans on India, Turkey, China for oil sales before EU ban

New Delhi : The three countries that helped Moscow to maintain crude exports in the wake of its invasion of Ukraine appear to be stepping back into the market for Russian barrels, with Turkey taking a lead role in the latest buying. : Economic Times

India to push for international biofuel alliance at G20: Puri

New Delhi : India will push for setting up an international biofuel alliance during its G20 presidency, said union minister for petroleum and natural gas Hardeep Singh Puri on Wednesday. : Mint

Oil prices rise in tight market as US sets release of more reserves

New Delhi : Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that the United States will release more crude from its reserves. : Business Standard

NRL CMD, Ranjit Rath visits Refinery premises; shares valuable insights

New Delhi : Numaligarh Refinery Limited, Public Sector Oil Company welcomed Chairman, Dr. R Rath, to the Refinery premises on 18th October 2022, where he interacted with all and shared his valuable insights. : psuconnect.in

Singapore’s LNG Alliance Sets Up Business Unit in India for New Energies

New Delhi : Singapore’s LNG Alliance Sets Up Business Unit in India for New Energies. : saurenergy.com

OPEC+ decision on oil production a mistake, favours Russia, says US

New Delhi : The decision of the Organization of the Petroleum Exporting Countries and its allies to cut oil production is a mistake that has favoured the Russians, the White House has said. : Business Standard

India snaps up cheap Canadian oil as Russia sanctions sting

New Delhi : Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa. : Mint

Govt in talks for long-term Namibian crude contracts

New Delhi : India, the world’s third biggest oil importer, is looking to secure a long-term crude oil supply deal from Namibia, which is being hailed for one of the world’s largest oil finds in recent years, said two people aware of the development. : Mint

NJ sues oil, gas firms, trade group over climate change

New Delhi : New Jersey officials announced a lawsuit Tuesday against five oil and gas companies and a petroleum trade organization, alleging they had known for decades about the harmful impact of fossil fuels on climate change but instead deceived the public about that link. : Economic Times

US terms OPEC+ decision on oil production ‘mistake’, says it has favoured Russia

New Delhi : The decision of the Organization of the Petroleum Exporting Countries and its allies to cut oil production is a mistake that has favoured the Russians, the White House has said. : Economic Times

Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan. Detailed Biography → https://www.sarkaritel.com/about-author/
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