Renewables, EVs Set To Reduce Global Oil Demand, Says Report

A latest report from the International Energy Agency (IEA) said that the global oil demand is likely to be tempered by clean energy transition. The report also said that the surge in Electric Vehicle (EV) sales and continued efficiency improvements of vehicles and use of more renewables in electricity production could negate the rise in […]

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Solar Faces Challenges in Procurement, Supply Chain Strategy: Rystad

Rystad in its report lays importance on the need for development of procurement strategy for leading supply chain strategy, while prioritizing cost-effectiveness and sustainability. The report finds the supply chains system for oil and gas equipment and services to be relatively fragmented and geographically diverse. It found to be spread with suppliers coming from Europe, […]

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Assam Cabinet Approves 620 MW of Green Power Projects

In a bid to give a major push to the renewable energy sector in the state, the Assam Cabinet has given green signal to the implementation of green power projects. In a fresh move, the Assam cabinet approved green energy projects having cumulative capacity 620 MW to be developed in Assam. The decision was taken, […]

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New Hydrogen Powered Bus By Oil India Limited

State owned energy player, Oil India Limited (OIL) has announced that it has completed beta demonstration of its hydrogen powered bus developed by Ohm Cleantech. The innovation took place under ‘Startup Nurturing, Enabling and Handholding (SNEH)’ programme of OIL in Pune. It’s a 9-meter bus empowered by a 60kW PEM Fuel Cell engine for electric […]

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JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment

JPMorgan Chase today released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement. As part of its Paris-aligned financing commitment announced last fall, the firm has published 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. JPMorgan […]

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OIL to Enlist EPC Vendors for Solar Plant Worth 100 MW or More in India

Oil India Limited (OIL) has tendered for the enlistment of EPC contractors for setting up a solar plant of capacity 100 MW and above in any state in India. Oil India Limited (OIL) has issued a tender, inviting expression of interest from eligible vendors for the enlistment of EPC contractors for the establishment of a […]

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Covid 19 Could Push Oil Consumption Back By a Decade

Global oil Consumption in 2020 could be pushed back to levels last seen a decade back. That would be unprecedented, with profound lessons for the future. With the rest of the world entering the most intense phase of the Covid 19, or coronavirus epidemic impact, one thing is clear. Global oil consumption could be easily […]

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Oil India Limited Issues EoI for 100 MW Solar Plant

Oil India Limited has issued an EoI for development of a 100 MW solar power plant in any state under the CPSU scheme. Oil India Limited (OIL), a Navaratna enterprise, has issued an Expression of Interest (EoI) for development of a 100 MW grid-connected solar power plant in any state under the second phase of […]

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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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