US to overtake Saudi as crude oil producer: IEA

The United States are set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said today. “This year promises to be a record-setting one for the US,” the IEA wrote in its monthly market report. Crude production […]

BHEL bags Rs 2800 crore contract

Bharat Heavy Electricals Ltd (BHEL) said it has won a Rs 2,800 crore contract from Maharashtra State Power Generation Company (Mahagenco) for setting up a 660 mw coal-based thermal power project. The project will be set up as an expansion project (Unit 6) of Mahagenco’s Bhusawal Thermal Power Station in Jalgaon district of Maharashtra, an […]