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ONGC plans to invest 1 lakh crore in energy transition by 2038

Arun Kumar Singh, chairman of India’s top oil and gas producer ONGC, said on Monday that the company plans to invest 1 lakh crore in energy transition projects by 2030 as part of its goal of reducing carbon emissions to zero by 2038. As part of the nation’s commitment to fight climate change, Indian Oil

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Careers Economic & Finance Energy Energy & Environment

How A Career In Green Jobs Can Impact Lives And The Environment

According to the Future of green Jobs Report 2023, published by the World Economic Forum, 26 million jobs will be lost globally by 2027. However, a macrotrend identified in the report deserves attention. Investing in green transformations, adopting ESG standards, and localizing supply chains will have the greatest net job creation impact, according to the

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Economic & Finance Energy Oil & Gas

ONGC Pulls Out of Daman Gas Field Project Due to Rising Costs

Oil and Natural Gas Corporation (ONGC) has canceled bids received for its Daman upside gas development project off the western coast after receiving high price quotes, sources said. The project is crucial to ONGC’s strategy of ramping up gas production from its shallow-water fields off India’s west coast. With the completion of the project, 4.5

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Economic & Finance Energy Energy & Environment Oil & Gas World Affairs

China-Pakistan Partnership: Is Paying for Oil in Yuan a Solution to Pakistan’s Troubled Economy?

Despite not involving China, the Chinese yuan is gaining traction in cross-border payments. Pakistan has become the latest country to indicate that it will use the Chinese currency Yuan paying for Russian oil across borders. Pakistan is considering a new payment method for its first Russian crude oil order for 750,000 barrels that will arrive

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Energy Energy & Environment State & Urban

The Benefits of Solar Power in Rural Communities: A Guide

Access to electricity is often limited and prohibitively expensive in rural areas across the world. Solar power, in this context, has the potential to provide a cheaper and cleaner source of energy in these areas.   One major advantage of solar power in rural areas is its increased availability since these regions lack access to

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Automobile Economic & Finance Energy Energy & Environment Investing Vehicle

Hyundai Sets Sights on EV Future with $18 Billion Investment Plan

Hyundai Motor Group, led by billionaire Euisun Chung, announced on Tuesday that it will plan to spend $18 billion on its domestic EV manufacturing business. Hyundai will plan to expand domestic EV production to 1.51 million units by 2030, and global EV production to 3.64 million units by 2030, including Hyundai Motor, sister company Kia

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Energy Energy & Environment Investing

What to Look for When Investing in a Solar Installation Company?

Did you know that solar energy supplies around 2.8% of the electricity produced in the United States? Going solar is all the rage across the country, but you don’t want to end up with a cheap system or installation. The biggest investment that you’ll make in your home is the initial installation of solar energy.

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Economic & Finance Energy Oil & Gas

A petchem project worth Rs 34,900 crore has been suspended by Adani Group in the wake of Hindenburg

The Adani Group has taken action to suspend work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. Sources reported that this move is to focus resources to consolidate operations and address investor concerns stemming from a damning report by a US-based short seller. Earlier this year, the group’s main company Adani Enterprises

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Energy Energy & Environment Health & Wellness Pharma & Healthcare Science Uncategorized World Affairs

A new discovery by Scientists say that cold-blooded animals may extinct due to climate change

Scientists claim that Climate change is affecting everyone. Animals are no exception. There are chances that cold-blooded animals like insects, worms, reptiles, fish, and amphibians may face the risk of extinction as they cannot bear extreme heat due to global heating. Although, warm-blooded animals like mammals and human-beings are able to adapt with the temperature

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Energy Energy & Environment World Affairs

Extreme wildfires in world’s biggest forest turns it into net-emitter from carbon sink

A large stretch of boreal forest carbon sink in the Northern Hemisphere covers some parts of Scandinavia, Siberia, Canada, and Alaska. It covers a tenth of the whole World’s land and one-third of carbon store, majorly in trees and organically rich soil. As per the Journal Science’s new study, the evidence of an alarming rate

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