Indonesia lost more forest to mining over the past two decades than any other country in the tropics and coal mining in East Kalimantan (on Borneo Island) was the main problem, according to a study by researchers from Vienna...
Oil prices might have cooled off from their peaks of more than $120 a barrel last summer. But oil and gas companies can still make plenty of money at $80 a barrel. This in turn has translated into continued demand...
Petronet LNG’s quarterly profit rose 3% to Rs 1,180 crore, driven mainly by ‘use or pay’ charges of Rs 849 crore that customers are expected to pay for failing to use the terminal as high international prices cut imports.Revenue for...
SSE, one of the largest renewable energy and network operators in the UK, has pushed up its full-year earnings forecast after a surge in gas and electricity prices.The FTSE 100-listed power generator on Friday said it expected adjusted earnings of...
India took significant steps to grow the renewable energy sector in 2022. The country has over 170GW of renewable energy installed capacity and projects of over 80GW under various stages of development. To achieve the 500 GW target by 2030,...
An Anglo-US start-up has successfully completed a test flight of a propeller aircraft partially powered by hydrogen fuel cells in what it hailed as a major breakthrough for the industry. The 10-minute flight by ZeroAvia took place in Gloucestershire on...
New Delhi: Energy giant ExxonMobil is keen to invest in the Indian upstream sector, but wants the country to offer protection against expropriation, neutral arbitration and globally competitive returns that must stay intact through the term of the contract.“What we...
Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief executive officer (CEO) of the company. In a statement, the company said the appointment is effective January 5. "Before this appointment, Walker was...
BHP, the world’s largest mining company, said China would act as a “stabilising force” for commodity demand this year as Beijing’s pro-growth policies offset weak economic performance in other developed markets. The Australian resources company said on Thursday that China’s...
Debt-laden power company Meenakshi Energy is set to be acquired by Anil Agarwal's Vedanta Limited after its Rs 1,440 crore bid went through. In an exchange filing, Vedanta said that Rs 312 crore is set to be paid upfront, while...
