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Energy

Analysts said raising of bets by participants kept crude oil prices higher in the futures trade (Source:PTI)

Crude oil futures move higher on firm spot demand

Jul 27, 2021

On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 6, or 0.11 per cent, to Rs 5,362 per barrel in 5,855 lots

The findings are based on the performance of 194 GW of Indian coal assets during the 30 months preceding the COVID-19 pandemic (Source:PTI)

Decommissioning coal power plants older than 25 years could save Rs 37,000 cr, reveals study

Jul 26, 2021

A study by CEEW suggested that power distribution utilities or discoms in India could save up to Rs 9,000 crore (USD 1.23 billion) each year by prioritising coal power despatch based on efficiency rather than the prevailing system which prioritises based on variable costs

The link supports the government's mission and the UN Sustainable Development Goal of increasing access to affordable, reliable, sustainable, and modern energy for all

Hitachi ABB Power Grids commissions Raigarh-Pugalur UHVDC link

Jul 26, 2021

Reliable power can now be transmitted in either direction depending on demand, with exceptionally low power losses and minimal environmental footprint, a company statement said

MJ field is the third and the last set of discoveries that the firm is developing in the eastern offshore KG-D6 block

Reliance to commence gas production from MJ field in October-December 2022

Jul 25, 2021

In an investor presentation announcing first quarter earnings, RIL said it has completed its first offshore installation campaign and a second one would commence in November this year

Not only do islanding systems have future generation capacity, but they can also isolate from the main grid automatically in case of a power outage

Centre mulls power islands to thwart cyber, terror attacks; what are they?

Jul 24, 2021

The plan to create power islands comes after India's financial capital Mumbai reported a major outage last year, leading to widespread speculations about a cyber attack

IOC also plans to build a green hydrogen plant at its 160,000 bpd Mathura refinery in Uttar Pradesh (Source:Reuters)

Indian Oil Corp to fuel capacity expansion with green power

Jul 23, 2021

IOC, which controls about a third of India's 5 million barrels per day (bpd) of refining capacity, aims to raise its capacity by about 500,000 bpd by 2023-24

Last year India allowed ADNOC to export half of its oil in Mangalore SPRs (Source: Reuters)

India overhauls petroleum reserve policy to strengthen private interest

Jul 23, 2021

Private entities taking storage on lease will be allowed to re-export 1.5 million tonnes of oil stored in the caverns in the case of Indian companies refusing to buy the crude

USAID helped India launch a national program for retrofitting commercial buildings (Source: PTI/AP)

US welcomes PM Modi’s focus on driving clean energy transformation: official

Jul 23, 2021

Testifying before a Congressional committee on Thursday, Jonathan Pershing, a senior advisor to the Special Envoy on Climate Change John Kerry said the US and India are committed partners on climate.

Four of the cargoes are for loading from the Cove Point plant in the United States (Source: Reuters)

GAIL issues swap tender to buy and sell LNG over Aug-Dec

Jul 21, 2021

The state-run natural gas firm has offered to swap a cargo a month over the period in a tender closing on July 26

A rooftop solar power plant was commissioned at the Koraput station in Odisha (Source: PTI)

Rooftop solar plant installed at Koraput railway station

Jul 21, 2021

Chief Electrical Engineer Chitta Ranjan Hait inaugurated the 27.5-kilowatt-peak (kWp) plant, which is installed on the sheds at platforms 2 and 3 of the railway station in Koraput district on Tuesday

This will be the nation's first green hydrogen unit (Source: PTI)

IOC to set up India’s first green hydrogen plant at Mathura refinery

Jul 20, 2021

Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years.