Owing to the rise in crude oil prices, a record rise in the petrol and diesel prices is regularly experienced across India in 2021. A record rise in the price of coal and natural gas is also seen amid an intensifying energy shortage. Why are fuel prices rising and how rising global fuel prices are impacting India?
Facing energy crisis the Gujarat government has decided to buy power from Tata at a rate higher than mentioned in the purchase agreement. The move came after Adani’s plant at Mundra and Essar Power’s plant at Salaya stopped supplying power to Gujarat, after the prices of Indonesian coal doubled.
Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a study shows. The main reason drivers said they made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market.
India has lost its $3-billion bet on Iran regarding the giant Farzad-B gas field in Farsi block. The Indian state run oil companies discovered this asset back in 2008 and since then the negotiations were being carried out by top leadership of both the countries.
A team of Finnish scientists estimated that the world needs 69% of its primary energy from solar farms for achieving net-zero goals. This estimation was made 2 years ago stating there may be a need for more solar farms. As per the agreement Sahara was chosen to be a suitable option and scientists want to turn the Sahara desert into a giant energy farm with solar panels.
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on clean-up operations, investigation by Dutch investigative TV programme Zembla has revealed. Employees of Shell in Nigeria ordered the vandalization of...
Reliance has announced to invest $50 million in Breakthrough Energy Ventures owned by Bill Gates and George Soros.