Page 8 - Energy
Energy cooperation a cornerstone in Indo-US ties: US Chamber of Commerce
Energy cooperation is a cornerstone in the India-US relationship, according to a top official from the US Chamber of Commerce as Delhi embarks on a strong multi-decade energy transformation journey
 "Energy cooperation a cornerstone in Indo-US ties: US Chamber of Commerce")
India taking lead to promote regional approach to energy: Foreign Secy
India is working assiduously to promote the sub-region comprising itself, Bhutan, Bangladesh, Nepal and Myanmar as an energy hub, Foreign Secretary Harsh Vardhan Shringla said
 "India taking lead to promote regional approach to energy: Foreign Secy")
Energy giant Shell to speed up emissions cuts, says oil output peaked
The firm said it plans to eliminate seven refineries and reduce production of gasoline and diesel fuel by 55 per cent over the next decade
 "Energy giant Shell to speed up emissions cuts, says oil output peaked")
Schneider Electric Infrastructure net profit up 11 pc in December quarter
Schneider Electric Infrastructure on Wednesday posted an 11 per cent rise in quarterly net profit at Rs 33.33 crore
 "Schneider Electric Infrastructure net profit up 11 pc in December quarter")
ITC aims to meet 100% of electrical energy needs from renewable sources
ITC has set itself the target to meet 100 per cent of purchased grid electricity requirements from renewable sources by 2030
 "ITC aims to meet 100% of electrical energy needs from renewable sources")
Hero Future Energies appoints Srivatsan Iyer as the new global CEO
Iyer will replace Sunil Jain, who has been with HFE since its inception in 2012 and will retire this month
 "Hero Future Energies appoints Srivatsan Iyer as the new global CEO")
Commodity markets to end 2020 on strong note with vaccine, stimulus news
Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the coronavirus pandemic
 "Commodity markets to end 2020 on strong note with vaccine, stimulus news")
Explained: What is happening with the $9 bn Keystone XL oil pipeline?
Most recently, a Canadian indigenous group said it would invest C$1 billion ($764.35 million) in the project, which has been in the works for 12 years
 "Explained: What is happening with the $9 bn Keystone XL oil pipeline?")
Govt pushes for dispute resolution panel to resolve oil, gas wrangles
The government is pushing for contractual wrangles being sent to an expert committee for time-bound resolution but the move has found few takers due to inherent conflict of interest in such a process
 "Govt pushes for dispute resolution panel to resolve oil, gas wrangles")
Noble Energy shareholders approve $4.1 billion sale to Chevron Corp
The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt
 "Noble Energy shareholders approve $4.1 billion sale to Chevron Corp")
The future of energy
Book review of THE NEW MAP: Energy, Climate, and the Clash of Nations
 "The future of energy")
Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021
Diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, said Ashutosh Deshpande at the Platts APPEC 2020 virtual conference
 "Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021")
Energy export severely disrupted by Hurricane Laura, 1 bpd reduction likely
Laura made landfall early Thursday near the Texas-Louisiana border, one of the most powerful storms to ever hit the region, and raced north
 "Energy export severely disrupted by Hurricane Laura, 1 bpd reduction likely")
Peak power demand declines further by 5.65% in first fortnight of August
Peak power demand met, which is the highest energy supply during a day across the country, was at 167.49 GW in the first fortnight of August
 "Peak power demand declines further by 5.65% in first fortnight of August")
Shell profits plunge 82% as coronavirus pandemic hits energy demand
Royal Dutch Shell said that its second-quarter earnings plunged 82% as the Covid-19 pandemic slashed energy prices and demand.
 "Shell profits plunge 82% as coronavirus pandemic hits energy demand")
Crude oil price drops as US inventory build-up stokes supply fears
Oil prices eased in early trade on Wednesday as industry data showed a build in US crude stockpiles and a forecast for US crude output to fall less than anticipated in 2020
 "Crude oil price drops as US inventory build-up stokes supply fears")
Infrastructure, energy firms wait for NIP fine print to firm up capex plan
The roadmap, companies like JSW Energy and Adani Transport say, helps them decidedly lay down their own multi-year investment plans
 "Infrastructure, energy firms wait for NIP fine print to firm up capex plan")
How China tariffs on U.S. commodities, energy stand after 'phase one' deal
Before Sunday's deal, U.S. corn, sorghum, wheat, undenatured ethanol, and refined copper cathodes had faced an additional tariff of 10% an imports into China.
 "How China tariffs on U.S. commodities, energy stand after 'phase one' deal")
At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double
In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
 "At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double")
Making sense of energy data
Production cuts in the manufacturing sector is bound to reflect on energy consumption numbers
