Russias key gas producer PAO NOVATEK (“NOVATEK” and/or the “Company”) and Deepak Fertilisers and Petrochemicals Corporation Ltd. (“Deepak Fertilisers”) on Wednesday signed a non-binding Memorandum of Understanding in the supply of LNG and low-carbon ammonia (“MoU”).The MoU envisages spot and...
India's fuel consumption, a proxy for oil demand, rose 3.3% year on year in January to about 18.7 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.Sales of gasoline, or petrol,...
Australia’s federal environment minister rejected an application on Wednesday for a new coal mine in the country’s northeast near the Great Barrier Reef. Waratah Coal, a company owned by controversial mining magnate Clive Palmer, planned to produce 40 million...
The power sector is getting close to “a tipping point” on its carbon dioxide emissions as renewable energy and cleaner sources of electricity generation are set to provide almost all the new global electricity demand in the next three years,...
India will profit from the global oil trade reshuffle as its refineries will likely export more to Europe this year due to the western price cap and embargo on Russian refined products, International Energy Agency (IEA) chief Fatih Birol told...
This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday and ThursdayWelcome back to Energy Source.One thing to start: BP has followed the other energy majors...
It has taken nearly three weeks but Adani group shares finally surged on Tuesday, a day after the Indian conglomerate moved to repay some loans. The rally comes after Adani’s seven listed companies lost more than $113 billion –...
India's largest oil and gas producer ONGC will this year reverse years of decline in production and gradually raise output thereafter, as it invests billions of dollars to produce from newer discoveries, a top company official said. Oil and Natural...
The name Jabiluka has deep resonance for Australians of a certain vintage. The Northern Territory location was earmarked as a uranium mine until a blockade of the site, which is situated in the Kakadu National Park, in 1998 stopped the...
India's proposal for a biofuels alliance to promote cleaner fuel has attracted interest from a number of countries, including Russia and Brazil, Oil Minister Hardeep Singh Puri said on Monday.Puri announced last October that India, the world's third biggest oil...
