Abu Dhabi National Oil Co (ADNOC) will spend more than 400 billion dirhams ($109 billion) in the next five years which will include boosting gas output and investing in international downstream activities, ADNOC said on Monday.
Global coal prices are hovering around $90 a tonne and that will show up in our import bill.
The government has transferred Coal India shares worth nearly Rs507 crore to Bharat 22 ETF, accroding to a regulatory filing on Monday.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan will inaugurate a terminal of Indian Oil Corporation, state’s biggest, on November 29.
Shares of wind and solar companies hogged the limelight on Monday after the Ministry of New and Renewable Energy on Friday announced auction of up to 21 GW solar and wind capacities by March 2018.
Crude oil prices advanced to their highest level since 2015 before retreating slightly on Monday.
Oil and Natural Gas Corp (ONGC) officers association has sought Prime Minister Narendra Modi’s intervention to stall Oil Ministry’s plan to sell the company’s producing oil and gas fields, saying the move has highly damaging implications for the country.
The coal ministry, which has formed a search committee for finding a chairman for Coal India (CIL), has finally invited applications from suitable candidates last week.
Global rating agency Fitch has said India’s dependency on imported coal may continue to decline as the government moves ahead on the path of self-sufficiency.
Tata Power Solar has commissioned India’s first rooftop solar car port at Unity One mall in Rohini, in association with Delhi Metro Rail Corporation (DMRC), to offer provide 300KW of solar electricity.