The government may revisit incentives and subsidies for the renewable energy sector given the tariffs have been falling to almost match the levels of thermal power.
Noble Energy Inc will sell a 7.5 percent stake in the Tamar natural gas field offshore Israel to Tamar Petroleum Ltd for about $800 million in cash and shares, the U.S. oil and gas producer said on Monday.
Iraq will comply with the OPEC-led deal on reducing output even though Baghdad is working hard to increase its oil export capacity from the north and south of the country, its oil minister said on Monday.
Even as the Punjab government is planning to introduce a direct-bank transfer (DBT) scheme for power subsidies on agricultural connections, the pending power subsidy bill continues to accumulate.
Fuel prices in India have already breached record-high levels last seen in the year 2014 when the international price of crude oil was tapering down from its over $100 per barrel level peak.
The government has approved Reliance Industries and British energy giant BP plc acquiring their cash-strapped partner Niko Resources’ 10% stake in gas discovery block NEC-25 in the Bay of Bengal.
As metro trains smoothly snake their way out of the metro rail depot each day, they are redefining Chenna’s transportation. But do you know that each train generates nearly a third of the power it consumes to run?
Independent solar power producer Azure Power today announced it has bagged a contract to install 2 Megawatt capacity rooftop solar projects for Udaipur Smart City Limited (USCL).
There is need to diversify agriculture into energy sector in order to increase farmers’ incomeand reduce the country’s dependence on petroleum products, Union Minister Nitin Gadkari said today.
The threat of a shutdown is looming large over the operation of Reliance Power’s 3,960 megawatt power project in Madhya Pradesh if it is not allowed to mine coal in excess of the cap set by the Centre, the company told Delhi High Court today.