Page 6 - Energy Sector
Shipping costs soar as Russian fallout overpowers global fuel flows
The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies
 "Shipping costs soar as Russian fallout overpowers global fuel flows")
China buys $7.5 billion of Russian energy with crude oil at record
The increase in shipments came as the war in Ukraine entered a fourth month and other buyers continued to shy away from Russian oil, gas and coal
 "China buys $7.5 billion of Russian energy with crude oil at record")
Red marks in green power plans amid lack of reform in electricity pricing
The lack of market reform in electricity pricing has limited states' ability to expand capital expenditure on the critical transition to clean energy
 "Red marks in green power plans amid lack of reform in electricity pricing")
G7 nations agree to decarbonize energy sector by 2035: German Minister
The G7 has also agreed to stop financing fossil fuel projects by 2025, the minister said, calling the decision "extremely important.
 "G7 nations agree to decarbonize energy sector by 2035: German Minister")
G7 calls on Opec to play key role to ease global energy supplies
Opec and its allies, a group known as Opec+, has so far rebuffed Western calls for a faster increase in oil production to lower surging prices
 "G7 calls on Opec to play key role to ease global energy supplies")
Remarks on Prophet threaten to fray India's energy ties with Islamic world
West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals
 "Remarks on Prophet threaten to fray India's energy ties with Islamic world")
Record $14.5 bn investment in Indian renewable energy sector, says IEEFA
Investment in renewable energy in India reached a record $14.5 billion in the last fiscal (2021-22), an increase of 125 per cent compared to FY2122,a report said
 "Record $14.5 bn investment in Indian renewable energy sector, says IEEFA")
Centre permits green open access for smaller electricity consumers
Threshold brought down to 100 kW from 1 Mw; open access allows consumer to buy power from a source of its choice
 "Centre permits green open access for smaller electricity consumers")
Covid-19 hinders efforts to achieve universal energy access by 2030: Report
The Covid-19 pandemic has slowed the progress towards universal access to electricity and clean cooking fuel and technology
 "Covid-19 hinders efforts to achieve universal energy access by 2030: Report")
ONGC to invest Rs 31,000 cr over next 3 years in finding oil, gas
ONGC said it also plans to leverage international collaborations with reputed global majors for this, for which talks are in an advanced stage.
 "ONGC to invest Rs 31,000 cr over next 3 years in finding oil, gas")
WEF 2022: EU CEOs step up action plan on energy and food security
CEO Action Group renewed its commitment to a 55 per cent emissions reduction target by 2030
 "WEF 2022: EU CEOs step up action plan on energy and food security")
Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others
The fresh capital as part of pre-series A funding round is in combination of equity and debt, the company said
 "Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others")
WEF 2022: How to get more energy security, reach zero-carbon independence
When efficient machines operate within efficient systems, the result is digitized energy efficiency
 "WEF 2022: How to get more energy security, reach zero-carbon independence")
BS Number Wise: In India's coal crisis, a question about nuclear power
India plans 10 atomic power facilities, joining some other nations in reviewing an alternative fuel that is cheaper and cleaner
 "BS Number Wise: In India's coal crisis, a question about nuclear power")
Ensuring resilient energy transition needs to be top-priority: WEF study
The new special edition report by WEF listed key recommendations for governments, companies, consumers and other stakeholders on how to progress the energy transition
 "Ensuring resilient energy transition needs to be top-priority: WEF study")
Indian inflation likely accelerated to an 18-month high in April: Report
Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in March
 "Indian inflation likely accelerated to an 18-month high in April: Report")
Shell reports highest quarterly profit since 2008 on crude boom
It beat its previous highest quarterly profits recorded in 2008 even after writing down $3.9 billion post-tax as a result of its decision to exit operations in Russia
 "Shell reports highest quarterly profit since 2008 on crude boom")
Power giant NTPC rushing back to coal as India's energy crisis worsens
NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha
 "Power giant NTPC rushing back to coal as India's energy crisis worsens")
How much value Russia is adding to ONGC subsidiary OVL's product basket
ONGC subsidiary OVL derives significant value from its oilfields in that country
 "How much value Russia is adding to ONGC subsidiary OVL's product basket")
Under development global coal power declined by 13%: Report
The global coal plant capacity under development declined in 2021, said Global Energy Monitor's eighth annual survey of the coal plant pipeline
 "Under development global coal power declined by 13%: Report")
