The EU is on the brink of effectively severing ties with its biggest external diesel supplier when sanctions on imports of refined fuel from Russia take effect early next month. The move, which will be co-ordinated with a G7-backed global...
Bids to take over the debt-laden 600-MW SKS Power Generation plant are in a tight range, setting the stage for a close contest between the bidders that include two of the country's biggest conglomerates - the Adani Group and Reliance...
Britain’s electricity system operator will pay households to use less power during early Monday evening and has also put three emergency coal-fired power units on standby as large parts of the country are gripped by freezing weather.National Grid said on...
Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the...
The Netherlands wants to close Europe’s largest gasfield this year because it is “very dangerous” to keep operating it, according to a government official.Hans Vijlbrief, state secretary for mining, who is responsible for the earthquake-prone Groningen gasfield, said he aimed...
The UK government is set to recoup hundreds of millions of pounds from the sale of the collapsed power supplier Bulb to Octopus Energy as long as wholesale gas prices do not rise again in the coming months.The Whitehall financial...
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...
