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* Orissa power reforms take a hit as people refuse to pay dues     * 'Govt can impose CESS on retail sales of diesel to cut price arbitrage'     * Ministry of Defence clears Reliance gas blocks     * ONGC in talks to buy Videocon's stake in Mozambique gas field     * CCI to clear most of oil and gas blocks in two weeks: Montek     
Latest News

Orissa power reforms take a hit as people refuse to pay dues

Refroms in the state power sector seem to have hit a major roadblock with people in Dhenkanal and Angul districts demanding the cancellation of an MoU for smart energy management signed by the state-o... more...

'Govt can impose CESS on retail sales of diesel to cut price arbitrage'

The government could levy a cess to block diversion of bulk diesel by companies trying to take advantage of price arbitrage. Arvind Mayaram, secretary, department of economic affairs of the finance... more...

Ministry of Defence clears Reliance gas blocks

In a major relief to Reliance Industries, Defence Ministry has agreed to relax the 'No-Go' zones imposed on its producing KG-D6 gas block and discovery block of NEC-25 in Bay of Bengal and permitted o... more...

ONGC in talks to buy Videocon's stake in Mozambique gas field

State-owned Oil and Natural GasCorp (ONGC) is in talks to buy Videocon's 10 per cent stake in a giant gas field off Mozambique and plans to ship the fuel in its liquid form (LNG) to a proposed LNG ter... more...

CCI to clear most of oil and gas blocks in two weeks: Montek

The government is likely to clear in next two weeks several of 39 oil and gas fields that are stuck for want of defence clearance, said Planning Commission Deputy Chairman Montek Singh Ahluwalia. T... more...

 
News Maker

GMR goes for 70% stake sale in GMR Energy Singapore for Rs 2,907 cr to FPM Power

Infrastructure major GMR Group today said it will divest its 70 per cent stake in GMR Energy (Singapore) Pte (GMRE) to FPM Power for SGD 660 million (Rs 2,907 crore). "GMR Group has entered into a share purchase agreement on March 4 to sell its 70 per cent interest in GMRE to FPM Power Holdings L... more...

 
Latest News by Segments

Mukesh Ambani: Solar power focus of future energy shift for Reliance Industries

Reliance Industries chairman Mukesh Ambani, owner of world's largest oil refinery, on Sunday said solar power will be at the core of the shift in future source of energy needs — from hydrocarbons to r...more...

K P Singh's DLF Ltd in stake sale of wind power business to Bharat Light

Country's largest realty firm DLF today said it will sell its wind turbine business in Gujarat to Bharat Light & Power for Rs 282.30 crore, thus starting the process to divest its last major non-core ...more...

Bosch to enter renewable energy market next month

Bosch India, a leading manufacturer of goods and services for the automotive sector would be entering the Rs 200-crore market of solar water heaters from February. Headquartered in Bangalore, this div...more...

Power cos may buy coal from sources other than CIL: Govt

Power companies may secure coal from alternative sources in the absence of sufficient supply of the fuel from state-run Coal India, Parliament was informed today. "As per the new coal distribution ...more...

Suzlon crosses 20,000-mw installed capacity

Wind turbine maker Suzlon today said it has crossed the 20,000-mw of installed capacity operating across 32 countries. "We have grown into the world's fifth largest wind turbine maker with a global...more...

 
Green Energy

Scientists closer to cheaper hydrogen fuel

Researchers have inched closer to producing hydrogen from water to provide cheaper fuel for vehicles and electricity production. Hydrogen has tremendous potential as an eco-friendly fuel, but it is expensive to produce. Now researchers at Princeton University and Rutgers University have moved a s... more...

 
News from Abroad

Petrobras and ONGC find new oil reservoir off Brazil's Sergipe

BRASILIA: Brazil's state-run Petroleo Brasileiro SA discovered a new deposit of light oil in deep waters off the coast of the northern state of Sergipe, the company said on Monday. Well 3-SES-189,...

 

RPT- Turkey's shale gas hopes draw growing interest

Turkey is hoping to find shale gas reserves big enough to help reduce its energy import dependency and is in talks with foreign firms about widening exploration after encouraging early signs, industry...

 

Asia eyes Russian Arctic gas as Australian costs climb

Plans to export gas from the Yamal peninsula on Russia's Arctic coast are attracting Asian gasbuyers and investors who have been put off Australian developments by soaring costs, according to the Yama...

 

Shale oil could boost global GDP by $2.7 tn a year: PwC

Worldwide shale oil production could add $2.7 trillion to the global economy annually by 2035 by slashing the price of crude by as much as $50 a barrel, PwC said on Thursday. Shale oil production c...

 

Petrobras Q4 profit beats outlook, debt passes limit

Brazil's state-led oil company, Petroleo Brasileiro SA, said on Monday that fourth-quarter net profit rose 53 percent from a year earlier as unexpected financial gains made up for rising operational c...

 

 
Interview

Need to wake up!!!

India is facing an acute energy scarcity which is hampering its industrial growth and economic progress. Setting up of new power plants is inevitably dependent on import of highly volatile fossil fuel......

 

Why Indian govt is not caring for Solar Car or Bike

As I feel, Due to Global Warming and increasing density of vehicle due to Increase of Pupulation and purchase capacity of average Indians, Indian Govt should serioulsy think over the Alternate fule ve......

 

 
 
Best Study Places

TERI - The Energy and Resources Institute

The Energy and Resources Institute, commonly known as TERI (formerly Tata Energy Research Institute)...

MDI Gurgaon

Management Development Institute (also known as MDI) is one of the best business school in India. Es...

University of Petroleum & Energy Studies

University of Petroleum & Energy Studies (UPES) is India's First Energy University and Asia's First ...
 
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