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Oil & gas segment revenue for the quarter declined by 8.4% to Rs 5,833 crore from the last year mainly on account of lower volumes and price realisation for KGD-6 gas and condensate.
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James Webb has spotted mysterious little red dots in the early universe that may actually be hidden black holes, challenging long-held ideas about how galaxies and cosmic giants formed.
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Hubble has captured a galaxy losing vital gas as it races through a crowded cluster, revealing how harsh cosmic environments can slowly shut down star formation.
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Scientists at the Physical Research Laboratory used their 1.2-metre telescope to observe comet 3I/ATLAS.
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State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).
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India has at least 13,348 abandoned oil wells with a potential of about 10,600 MW of geothermal power. But it has not exploited even 1 MW so far.
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Nearly two-thirds of India's crude oil and half of the LNG imports pass through the Strait of Hormuz, a narrow waterway which could be at risk in the ongoing Israel-Iran war.
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India levies import taxes of 2.5% on ethane, mainly used as a feedstock for producing petrochemicals, and propane and butane
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Power generated through gas-based stations is priced around Rs 13-14 per unit, much higher than what renewable or coal-fired power costs. Aside of that, the difficulty in procuring gas is another reason for Centre to throttle down gas-based power.
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Rapid urbanisation and industrialisation is set to transform the energy market in the world's fifth-largest economy and drive gas demand growth through the end of the decade and possibly beyond that, the IEA said in a report.
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The incoming administration’s "drill, baby, drill" demand will fall on deaf ears unless rising prices encourage more production
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The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output
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The upcoming capex spending in the petrochemical business is likely to put pressure on margins, given the debt-funding cost and weak margin environment
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On an absolute basis, transmission volume grew by 8.1 mmscmd QoQ, of which demand for 4-5 mmscmd came from the power sector.
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Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth.
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A significant capex, entry into the cyclical petrochem business, and use-or-pay provisioning limit earnings growth potential
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Soft gas prices and rising domestic consumption will easily drive double-digit earnings growth over the next 2-3 years.
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The management guidance includes an FY25 gas marketing EBITDA of at least Rs 4,000-4,500 crore and volume of 105 mmscmd, and gas transmission volume of 130-132 mmscmd in FY25 and 140-142 mmscmd in FY26
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Higher input gas costs and a one-time marketing expense led to a sharp fall in the unit EBITDA
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The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.
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Softness in LNG prices has led to domestic demand picking up, which should result in strong performances by GAIL's gas marketing & transmission businesses
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Moneycontrol on March 22 was the first to report that the Union government is pushing power generation companies (gencos) to buy gas and scale up electricity generation from stranded or underutilised gas-based power units.
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Overall, the government is looking to tap capacity of 16,200 MW, of which 10,000 MW is the biggest challenge as they are owned by private entities and state governments. The remaining 6,200 MW are Central government-run plants, which are already operating up to 3,200 MW currently.
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Railways is also likely to increase its rakes to the power sector by about seven percent, but if the power demand continues to surge at a CAGR of 8-10 percent or more, then even an increase in coal production will not help due to logistical constraints. Besides, rising night-time peak demand remains a major concern in the absence of renewable energy with storage.
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Despite continued expansion of renewable and battery capacity, Texas recorded surprisingly strong electricity prices last summer and futures have also soared over the past six months. The reason? A massive expansion in power consumption offsetting the new generating capacity. Assuming the AI revolution is in its infancy, we are about to witness a marked increase in demand for electricity, and gas will play a part in meeting that
