CLP India, a big investor in the country’s power sector, has emerged as the frontrunner to buy a part of Mahindra Susten’s solar power portfolio, sources with knowledge of the matter told Moneycontrol.
Drone attacks at Saudi Arabian oil facilities have hit half of the country’s production capability. The attacks have thrown the world’s energy market into disarray. Saudi Arabia is the second biggest producer of oil in the world. Here are the 10 nations with the highest oil production.
The price of a litre of petrol has reached Rs 77.83 in Mumbai and Rs 72.21 in Delhi on September 17, according to a price notification issued by Hindustan Petroleum (HP). There was a slight increase in the fuel prices compared to September 16 when it was priced at Rs 77.71 per litre
Crude oil prices are expected to see a sharp spike of $5-7 per barrel on September 16 when the global markets open for trade, reacting to the major drone attacks on two Saudi Aramco oil facilities in eastern Saudi Arabia, Emkay said.
Crude oil prices rose 0.18 percent to Rs 3,906 per barrel in futures trade on September 13 as speculators raised their exposure on firm spot demand. On the Multi Commodity Exchange, crude for September contracts went up by Rs 7, or 0.18 percent, to Rs 3,906 per barrel in a business turnover of 26,861 lots.
Mounting losses of power discoms that have crossed $3 billion and other challenges are making the government go back to the drawing board. The urgency is apparent as a new tariff policy with an aim to empower the consumer has been sent to the Union Cabinet for approval.
Crude oil futures fell 0.17 percent to Rs 4,000 per barrel on Thursday after speculators booked profits at existing levels amid subdued spot demand. Crude oil contracts for most-traded September delivery traded lower by Rs 7, or 0.17 percent
Schneider Electric launches EcoStruxure to drive efficiency in oil, gas and petrochemical industry in India
Schneider Electric has announced the launch of Eco Struxure Power & Process (EP&P) to drive efficiency and augment profitability in India’s rapidly evolving oil & gas sectors. Schneider has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation.
India’s energy demand is projected to grow by 4.2 per cent through 2035, an expansion faster than all major economies of the world, Oil Minister Dharmendra Pradhan said Tuesday as he sought investments in the country’s energy chain.
UK’s Cairn Energy on Tuesday said the arbitration process against India on imposition of a Rs 10,247-crore retrospective tax demand is likely to be protracted and a decision is not expected before late 2019.