Some of India’s biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi’s government prioritises cheap power over local manufacturing despite his ‘Make in India’ push. Though President Donald Trump is pulling the United States out of the Paris accord on climate change, India is sticking to […]
Day: June 5, 2017
OilMin forms ‘super-board’ to monitor ONGC, OIL performance
The oil ministry has formed all- powerful review committees to monitor performance of ONGC and Oil India, and will have power to relinquish any oil and gas field for auctioning to private firms. Being dubbed as ‘super-boards’, the committees will be headed by the ministry’s upstream nodal authority DGH, and will review and monitor performance […]
Oil prices jump after Saudi Arabia and Arab allies cut ties with Qatar
Saudi Arabia and key allies on Monday cut ties with Qatar, accusing it of supporting extremism, sending shockwaves through the energy industry as the countries involved include the world’s top oil and liquefied natural gas (LNG) exporters. Saudi Arabia, the world’s biggest crude oil exporter, along with the United Arab Emirates, Egypt, and Bahrain said […]
Jet Airways in talks to buy 50 single-aisle jets
Jet Airways India Ltd, the country’s biggest full-service carrier, is in talks to buy 50 narrowbody jets on top of a pending order for Boeing Co 737 Max aircraft, a person with direct knowledge of the plan said. The most likely model the airline is considering is the 737 Max, though it is also looking […]