A​zerbaijan Government Announce​s Extension Of ​Giant ​ACG ​Fields ​PSA To 2049 With ONGC Videsh ​Ltd And Others​

A​zerbaijan Government Announce​s Extension Of ​Giant ​ACG ​Fields ​PSA To 2049 With ONGC Videsh ​Ltd And Others​

ONGC Videsh Limited announced ​on Monday ​that the Consortium partners of the giant ACG Fields in Azerbaijan have entered into an agreement with Azerbaijan Government and State Oil Company of the Azerbaijan Republic (SOCAR) for extension of duration of the Production Sharing Agreement (PSA) for Azeri-Chirag-Deep water portion of Gunashli (ACG) oil fields until December 31, 2049.

India’s Wind Turbine Makers Mull Cuts As Auction Pace Lags

India’s Wind Turbine Makers Mull Cuts As Auction Pace Lags

ReGen Powertech Pvt., one of India’s top five wind turbine makers, last month shuttered a factory at Udaipur in Rajasthan and laid off workers, signalling challenges roiling the nation’s wind turbine manufacturers as they adjust to an auction system that’s throwing into doubt how much wind energy gets built.

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