BUSINESS
India sees natural gas oversupply as high prices deter buyers
Customers in India have reduced gas buys following a 40 percent jump in prices, creating surplus gas in the market.
BUSINESS
Serious advancements in science and technology required for energy transition: Tata Sons Chairman
N. Chandrasekaran said more forms of renewable energy will be required for energy transition.
ENVIRONMENT
How is E10 fuel important for India’s net-zero goals?
BUSINESS
No integrity issue regarding carbon credits market: EKI Energy CMD
Every project goes through a rigorous audit process, said Manish Dabkara, so there is no integrity issue with credits available in the international voluntary market from different sectors and geographies
BUSINESS
All domestic LPG cylinders to have QR codes over next three months: IOCL
The QR code will be pasted on the existing cylinders while it will be welded on the new ones.
BUSINESS
No anxiety over likely disruption of Russian oil supply to India: Hardeep Singh Puri
The minister says the government feels no pressure over the proposed price cap on Russian oil. He expresses confidence that the issues related to Gazprom will be resolved soon
BUSINESS
Report names PepsiCo as worst plastic polluter in India in 2022
The most common plastic products found in India were food packaging, household products and other packaging materials
BUSINESS
Price cap on Russian oil: What stand will India take?
The G7 plans to impose a price cap on Russian oil from December to prevent Moscow from enjoying the benefits of high oil prices in the wake of a war it had started. However, India and China are unlikely to back the cap.
BUSINESS
State-run OMCs report consolidated loss of Rs 3805 crore in second quarter
Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Bharat Petroleum Corporation Limited struggled with low marketing margin on the sale of petrol, diesel and domestic LPG
ENVIRONMENT
Why is India creating a carbon market?
BUSINESS
OMCs still making under-recovery on diesel sale: Hardeep Singh Puri
Indian Oil Corporation reported net loss in the second consecutive quarter last week
INDIA
High energy prices boosting energy transition: Hardeep Singh Puri
Speaking at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC-2022), Puri said that the shift to alternate energy sources is going to be faster on account of high energy prices.
BUSINESS
Lower taxes, levies on oil and gas sector can unlock substantial investment: Cairn Oil & Gas CEO Prachur Sah
The company plans to invest $5 billion by FY26, of which $3 billion would be in the Rajasthan block, said Prachur Sah
BUSINESS
Rajasthan block to get major share of Cairn Oil & Gas $5 billion investment by FY26: Deputy CEO
The Rajasthan block, which has had 38 discoveries so far, has an exploration potential resource of 1.3 billion barrels of oil equivalent
BUSINESS
World facing global energy crisis of unprecedented depth and complexity: IEA
European sanctions on coal and oil imports and Russian energy giant Gazprom’s decisions to cut gas supply are triggering a profound reshuffling of trade flows around the world
BUSINESS
Amid rising cyberattacks on utilities, is India geared up to protect strategic assets?
The more digital we become, the more vulnerable we are, as threats continue to evolve, reaching deep into industrial control systems and supply chains
BUSINESS
India will examine likely cap on Russian crude price by the West: Oil Minister Hardeep Puri
India has been buying discounted crude oil from Russia against the backdrop of high prices internationally and Western nations scaling down their reliance on Russian energy.
BUSINESS
Gas Exchange IGX to float IPO by 2025: Rajesh Mediratta
The exchange will plan the IPO once its parent company brings down equity to 25 percent.
BUSINESS
MC Explains | OPEC cuts oil demand forecast, cites slowing economy. What does it mean for India?
The group said deteriorating macroeconomic conditions and high inflation levels have weighed on oil demand.
BUSINESS
EKI Energy, Macquarie Group, ACME, others come together to form Carbon Market Association of India
The association aims to empower India’s journey to become net-zero through climate positive initiatives.
BUSINESS
Need to diversify supply chains for energy transition: R.K Singh
Singh said the government has introduced several measures to increase domestic manufacturing capacity.
BUSINESS
MC Explains | Windfall tax: Everything you need to know, and what next
The Centre reduced the windfall tax on domestically produced crude oil to Rs 8,000 per tonne from Rs 10,500 per tonne on October 3. Windfall tax is levied by governments when an industry unexpectedly earns large profits, primarily due to an unprecedented event.
BUSINESS
Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal
The group is adding capacity across its different verticals and aims to become a 30 GW firm by 2030. Mittal said its current business plan is fully funded.
