Billionaire Mukesh Ambani’s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said. Reliance and its partner UK’s BP Plc on Friday auctioned 7.5 million standard cubic metres per day of incremental gas […]
Day: February 8, 2021
Floating Wind Turbines Buoy Hopes of Expanding Renewable Energy
Off the east coast of Scotland, in water more than 300 feet deep, five towering turbines weighing thousands of tons float in the North Sea. Installed in 2017, the turbines power about 36,000 homes a year. Wind farms have been erected on land and at sea for decades, but Hywind Scotland, operated by Norwegian oil […]
India’s coal import rises by 15% in December
The country’s coal import rose by 15.1% to 23.63 million tonnes (MT) in December 2020 compared to 20.52 MT in the year-ago month. Non-coking coal imports were at 15.63 MT in December this fiscal against 14.21 MT in the same month last fiscal. Coking coal imports were at 5.36 MT against 4.47 MT in December […]
Govt targets 1,000 routes under UDAN scheme: Civil Aviation Minister
RAIPUR : Union Civil Aviation Minister Hardeep Singh Puri on Sunday said his ministry has set a target of operationalising 100 unserved and underserved airports and starting at least 1,000 air routes under the UDAN scheme. He also said that privatisation is required in the field of aviation as it is not the government’s specialisation […]
Big oil stocks rally despite Democrats’ fossil-fuel stance
US oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 — a turnaround that might seem a bit surprising given the new balance of power in Washington. Companies including Exxon Mobil Corp., Diamondback Energy Inc. and Marathon Oil Corp. have posted double-digit gains this year […]
Amazon orders hundreds of trucks that run on natural gas
Amazon.com Inc has ordered hundreds of trucks that run on compressed natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday. The coronavirus pandemic caused delivery activity to surge in 2020, with truck volumes exceeding 2019 levels on average while passenger car traffic […]
Uttarakhand glacier burst: 200 MW of power supply to national grid affected
Around 200 MW of power supply to the national grid was affected due to avalanche in Uttarakhand as local administration shut down two plants, Tehri and Koteshwar, as a precautionary measure. The hydro power plants in the affected area are mostly under-construction or fall in small hydro project category which are of up to 25MW. […]
Govt budgets for sharp LPG price hikes
The finance ministry has slashed the allocation for petroleum subsidy by two thirds to ₹12,995 crore for FY22 despite increasing the number of Ujjwala beneficiaries by 10 million, hoping that gradual price increases for subsidized cooking gas cylinders will reduce the subsidy burden on the government. “This is part of the long-term clean-up in subsidies. […]