The green energy arm of NTPC, a state-run company, files for a $1.2 billion India IPO
India's NTPC Green Energy filed a draft paper for a $100 billion rupee ($1,19 billion) initial IPO on Wednesday. The company is looking to capitalize on India's plans to expand its renewable energy sector and the booming equities markets.
Oil Minister: India will continue to buy cheap Russian oil
Hardeep Singh puri, the oil minister, said that India was willing to continue buying oil from Russian companies who are permitted to sell oil at such low prices. Puri said in an interview given at the GasTech Conference…
Sources: India will extend the sugar export ban in order to boost local supplies and ethanol production.
Sources in the Indian government said that India will extend its ban on sugar exports to the second consecutive year, as it struggles with the prospect of lower cane production. Sources with direct knowledge of this…
India, S. Arabia in New Petro Relationship
India and Saudi Arabia have decided to expand its ‘energy relationship’ into next phase to include Saudi partnership in building additional crude oil storage reserves in India, a new refinery on the west coast of…
OWC, TCE Targets Offshore Wind in India
UK-based Offshore Wind Consultants (OWC) and Tata Consulting Engineers Limited (TCE) have signed an agreement to partner up for upcoming projects in the Indian offshore wind sector.Under the agreement, OWC and TCE…
LNG Demand to Reach 600 MT in 2035
The energy demand would continue to grow driven by emerging economies and the projected growth in global population, which will touch nine billion by 2040.LNG demand is expected to increase at an average four per…
ADNOC to Supply First Oil Cargo for Indian Emergency Reserve
Abu Dhabi National Oil Co (ADNOC) will supply the first oil cargo for India's strategic petroleum reserve (SPR) over the weekend, an Indian government statement said, becoming the first foreign company to lease storage in the country.India…
Global Oil Market is Rebalancing: IEA
The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still fail to reflect the impact of OPEC supply cuts, the International Energy Agency said on Tuesday.
ABB wins Indian power transmission link deal
ABB has teamed up with India’s national electricity grid operator Power Grid Corporation of India Limited (POWERGRID) in a mega project worth over $640 million for ABB to deliver a transmission link that will have…
BP to Get Permission to Set Up Fuel Stations in India
India has decided to permit European oil major BP Plc to set up 3,500 fuel stations in the country, an oil ministry spokesman told Reuters on Thursday. The ministry will shortly issue a letter to BP's Indian unit, confirming the licence, the spokesman said.
Indian Ports to Go Green
The Indian Government has proposed to implement utility-scale Solar Photovoltaic Power Plant projects at various major ports across the country. The funds for establishment of solar power projects are arranged by…
Asia Pushes LNG as a Bunker Fuel
An increasing number of ships and vessels are using liquefied natural gas or LNG as a clean fuel to comply with the regulations laid by the International Maritime Organization (IMO) across emission control areas.
LWP, Hallmark form Indian JV
Energy Technology company, LWP Technologies Limited (ASX: LWP) (“LWP” or “the Company”), has announced that following a four-day visit by Hallmark principals, LWP has finalised its joint venture (JV) arrangements…
Petronet Plans LNG Terminals in Sri Lanka and Bangladesh
India’s biggest player in liquefied natural gas (LNG) Petronet LNG Ltd has plans to establish a 5 million tonne LNG terminal in Bangladesh and 1million-tonne terminal in Sri Lanka. The Bangladesh terminal is in addition…
India Mulls Oil-for-Drugs Deal with Vens
Venezuela facing pressure to pay bills from many sectors. Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies.
India Approaches Halkbank to Handle Oil Payment to Iran
India has approached Turkey's Halkbank to faciliate the payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran's Fars news agency quoted India's ambassador to Tehran as saying on Saturday. "The…
India Instructs Disputed Tanker to Await UN Orders
India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government and to await instructions from the United Nations…
ABB Strengthens Commitment to India’s economic development
ABB doubles workforce at its global engineering and operations center in Chennai and opens a new UPS production facility near Bangalore. ABB’s expansion of the Chennai center demonstrates its commitment to the country’s “Make in India” policy…
Amid Commodity Crisis, LPG Emerges with Demand
Biggest growth seen in India; Vietnam and Philippines also see strong growth. Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout…
Amid Commodity Crisis, LPG Emerges as Accidental Bright-spot
Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia.
