OPEC, GECF hold first high-level meeting

Representing the lifeblood of global economy, two of the world’s foremost energy organisations OPEC and the Gas Exporting Countries Forum (GECF) held their first high-level meeting today, highlighting the growing cooperation between the two organisations under the framework of the OPEC-GECF Energy Dialogue. The OPEC delegation was led by HE Mohammad Sanusi Barkindo, Secretary General, […]

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bp Energy Outlook Explores Possible Paths for Global Energy Transition

The 2020 edition of the bp Energy Outlook explores possible paths for the global energy transition, how global energy markets may evolve over the next thirty years and the key uncertainties that may shape them. Looking out to 2050, the Outlook is focused around three main scenarios. In the main scenarios, it considers, global energy […]

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Solar Projects, City gas and Infrastructure Bright Funding Spots: SBI

SBI Chairman has said that there is adequate availability of funds and opportunities are mainly in solar power, city gas, and infrastructure projects. State Bank of India (SBI) Chairman Rajnish Kumar has stressed that there is adequate availability of funds with the banking system but he does not find enough projects where investment is being sought. He said […]

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Coal Well Ahead of RE in Southeast Asia’s Power Market, for now

Coal will continue to be the dominant fuel source in Southeast Asia and is predicted to peak before slowing down before renewable energy sources. According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation of Southeast Asia, peaking at 2027 before slowing down and accounting […]

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India to Add 131.31 GW of Power Generation Capacity till 2022: R K Singh

India will add 131.31 GW of power generation capacity from 2019 to 2022, the Parliament was informed in a written reply from R K Singh. India will add 131.31 GW of power generation capacity from 2019 to 2022, the Parliament was informed in a written reply from Union Minister of State for Power and New and Renewable […]

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Global Energy Investment Stabilised in 2018 with Oil & Coal Supply Bouncing Back

A new report has revealed that the global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables. The International Energy Agency’s latest annual review, published in its World Energy Investment Report 2019, reported a […]

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Oil Companies Investing in Clean Energy, Says PM Modi

In his speech at the 16th International Energy Forum Ministerial Meeting held in Delhi, PM said, “Today, oil companies are also investing in wind and solar capacities, gas infrastructure, and also thinking in the direction of investing in Electric Vehicle and Storage areas.” The Prime Minister Narendra Modi has stressed on the need to shift […]

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Fossil Fuels Dominance Shrank on Renewables’ Cost Reduction, Says BNEF

The report on the levelized cost of electricity (LCOE) for all the leading technologies states that fossil fuel power is facing an unprecedented challenge in all the three roles it performs in the energy mix – supply of ‘bulk generation’, supply of ‘dispatchable generation’, and provision of ‘flexibility’. After significant reduction in the cost of wind, solar […]

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