User: sattva_1 Topic: environmentset1
Category: energy
Last updated: May 24 2018 14:15 IST RSS 2.0
 
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ONGC falls 10% in two days; loses market cap worth Rs 223 billion 24.5.2018 Top Stories
The stock dipped 5% to Rs 166, extending its previous day's nearly 5% fall on BSE, after the media report suggested that the government may ask the company to share the burden to reduce fuel price.
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OVL FY18 net profit up 29 pc on higher oil production 24.5.2018 General News
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), today reported a 29 per cent jump in its net profit for the fiscal year ending March 31, 2018 as it produced more crude oil and natural gas. Consolidated net profit in 2017-18 fiscal at Rs 981 crore was 29.6 per cent higher than Rs 757 crore in the previous financial year, the company said in a statement. OVL is an unlisted company and as such is not obligated to release quarterly earning numbers. The firm, which has 41 projects in 20 countries spanning from Venezuela to New Zealand, produced 11 per cent more crude oil at 9.35 million tonnes in FY18. Natural gas output was also up 10 per cent at 4.81 billion cubic metres. "The incremental production was mainly from Vankorneft and Sakhalin-1 projects in Russia; Brazil's BC-10 project, CPO-5 block of Colombia and due to the acquisition of 4 per cent stake in the Lower Zakum Concession project in UAE during the year," the statement said. The ...
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Windfall oil tax on ONGC in offing to soften fuel prices 24.5.2018 General News
The government may levy a windfall tax on oil producers like Oil and Natural Gas Corp (ONGC) as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel. The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said. Under the scheme, oil producers, who get paid international rates for the oil they produce from domestic fields, would have to part with any revenue they earn from prices crossing USD 70 per barrel mark. The revenues so collected would be used to pay fuel retailers so that they absorb spikes beyond the threshold levels, they said. This may be accompanied by a minor tinkering with excise duty rates to give immediate relief to consumers. States too would be asked to cut sales tax or VAT to show a visible impact on retail prices. Sources said the thinking in the government is to levy cess on all oil producers - both public and private sector - .
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Falling mining investment lending support to Asian coal prices: Fitch 24.5.2018 Business Standard: News Now
Many global and regional banks have toughened their stance on lending for coal mining, reflecting concerns about climate change and, in some cases, pressure from environmental groups
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Grasping at straws: Pathetic state of biofuels in India (Comment) 24.5.2018 All News-IANS Stories
For the past several winters, Delhi has drawn global attention for its life-threatening smog levels. This is attributed, in part, to the open burning of biomass residues like paddy straw and stubble in the neighbouring states of Punjab and Haryana.
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General Electric's power unit fights for growth as wind, solar gain 24.5.2018 General News
NEW YORK (Reuters) - Vistra Energy Corp and Dominion Energy Inc - which serve about 5.5 million electricity customers in more than a dozen U.S. states - both say they are done building combined-cycle natural gas-fired power plants.
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Sensex recoups 153 points on global cues 24.5.2018 Hindu: Rx
Asian stocks traded mixed amid caution over US-China trade relations
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Sensex recoups 153 pts on global cues 24.5.2018 General News
The BSE Sensex rebounded about 153 points in opening trade today on fresh buying in IT, teck, capital goods and healthcare counters amid mixed overseas cues. Buying by domestic institutional investors and strengthening rupee also supported the recovery, brokers said. Asian stocks traded mixed amid caution over US-China trade relations. US stocks closed higher yesterday after minutes from the Federal Reserve's meeting reassured investors that the central bank will not be too aggressive with raising interest rates. The 30-share Sensex rose 152.81 points, or 0.44 per cent, to 34,497.72, with sectoral indices IT, teck, capital goods, healthcare, power, consumer durables, bankex and realty advancing by up to 1.77 per cent. The gauge had lost 306.33 points in the previous session. The NSE Nifty also moved up by 38.15 points, or 0.36 per cent, to 10,468.50. Major gainers were Infosys, Tata Steel, TCS, HDFC Ltd, Bharti Airtel, Coal India, Sun Pharma, Wipro, Yes Bank, Power Grid, Axis Bank ...
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General Electric's power unit fights for growth as wind, solar gain 24.5.2018 Reuters: Money News
NEW YORK (Reuters) - Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants.
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Deputy CM Inaugurates 3rd Solar Power Plant in Uripok 24.5.2018 Manipur: E-Pao
Deputy CM Inaugurates 3rd Solar Power Plant in Uripok
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North Korea threatens to reconsider summit; official calls Pence a ‘political dummy’ 24.5.2018 Washington Post
In a statement that came a day after President Trump suggested that he was open to postponing or canceling the summit with Kim Jong Un, North Korea said that it is up to the United States to decide whether it wants to “meet us at a meeting room or encounter us at nuclear-to-nuclear showdown.”
More July than May; Renewables panel at 9 am on MPR News 24.5.2018 Minnesota Public Radio: Law & Justice
Renewables now generate 25% of power in Minnesota.
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Tesla shares seen rising despite 'fever pitch' of bad news: analyst 24.5.2018 General News
SAN FRANCISCO (Reuters) - Negative news stories about Tesla Inc have hit "fever pitch", but the electric carmaker's stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.
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Strict curbs on global warming to buoy world economy: Study 24.5.2018 Business Standard: News Now
The report said the toughest temperature curbs would benefit 90 percent of the world's population, especially in poor nations in Africa, Asia and Latin America.
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Turkmenistan says close to securing TAPI pipeline financing 24.5.2018 General News
AVAZA, Turkmenistan (Reuters) - Turkmenistan plans to secure within a few months all the necessary funding to complete the construction of an $8 billion natural gas pipeline to Afghanistan, Pakistan and India, the project's chief executive said on Wednesday.
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Turkmenistan says close to securing TAPI pipeline financing 24.5.2018 Reuters: Top News
AVAZA, Turkmenistan (Reuters) - Turkmenistan plans to secure within a few months all the necessary funding to complete the construction of an $8 billion natural gas pipeline to Afghanistan, Pakistan and India, the project's chief executive said on Wednesday.
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In an internal memo, the White House considered whether to ‘ignore’ federal climate research 24.5.2018 Washington Post
White House officials last year weighed whether they should develop “a coherent, fact-based message about climate science,” according to a memo obtained by The Washington Post.
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Secunderabad station gets ‘Platinum rating’ 24.5.2018 Hindu: Policy & Issues
The rating system facilitates adoption of green concepts
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Chipotle HQ leaving Denver, plans move to California 24.5.2018 Denver Post: Local
After nearly 25 years in Denver, Chipotle Mexican Grill is saying so long to its hometown and on Wednesday announced it will move its headquarters to Southern California.
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Internal memo suggested that White House 'ignore' federal scientists' climate research 24.5.2018 LA Times: Environment

White House officials last year weighed whether to simply "ignore" climate studies produced by government scientists or to instead develop "a coherent, fact-based message about climate science," according to a memo obtained by the Washington Post.

The document, drafted Sept. 18 by Michael Catanzaro,...

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