Page 34 - Energy Sector

G7 nations agree to decarbonize energy sector by 2035: German Minister

The G7 has also agreed to stop financing fossil fuel projects by 2025, the minister said, calling the decision "extremely important.

G7 calls on Opec to play key role to ease global energy supplies

Opec and its allies, a group known as Opec+, has so far rebuffed Western calls for a faster increase in oil production to lower surging prices

Remarks on Prophet threaten to fray India's energy ties with Islamic world

West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals

Record $14.5 bn investment in Indian renewable energy sector, says IEEFA

Investment in renewable energy in India reached a record $14.5 billion in the last fiscal (2021-22), an increase of 125 per cent compared to FY2122,a report said

Centre permits green open access for smaller electricity consumers

Threshold brought down to 100 kW from 1 Mw; open access allows consumer to buy power from a source of its choice

Covid-19 hinders efforts to achieve universal energy access by 2030: Report

The Covid-19 pandemic has slowed the progress towards universal access to electricity and clean cooking fuel and technology

ONGC to invest Rs 31,000 cr over next 3 years in finding oil, gas

ONGC said it also plans to leverage international collaborations with reputed global majors for this, for which talks are in an advanced stage.

WEF 2022: EU CEOs step up action plan on energy and food security

CEO Action Group renewed its commitment to a 55 per cent emissions reduction target by 2030

Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others

The fresh capital as part of pre-series A funding round is in combination of equity and debt, the company said

WEF 2022: How to get more energy security, reach zero-carbon independence

When efficient machines operate within efficient systems, the result is digitized energy efficiency

BS Number Wise: In India's coal crisis, a question about nuclear power

India plans 10 atomic power facilities, joining some other nations in reviewing an alternative fuel that is cheaper and cleaner

Ensuring resilient energy transition needs to be top-priority: WEF study

The new special edition report by WEF listed key recommendations for governments, companies, consumers and other stakeholders on how to progress the energy transition

Indian inflation likely accelerated to an 18-month high in April: Report

Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in March

Shell reports highest quarterly profit since 2008 on crude boom

It beat its previous highest quarterly profits recorded in 2008 even after writing down $3.9 billion post-tax as a result of its decision to exit operations in Russia

Power giant NTPC rushing back to coal as India's energy crisis worsens

NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha

How much value Russia is adding to ONGC subsidiary OVL's product basket

ONGC subsidiary OVL derives significant value from its oilfields in that country

Under development global coal power declined by 13%: Report

The global coal plant capacity under development declined in 2021, said Global Energy Monitor's eighth annual survey of the coal plant pipeline

BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%

Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.

FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting

Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April

Technology, energy emerge as winning sectoral bets for MF investors

Energy schemes have been the second-best performer with annualised returns of 62 per cent