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
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
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
Mukesh Ambani, chairman and managing director of Reliance Industries, spoke at the Global Investors Summit 2023 in Visakhapatnam on Friday about Reliance’s commitment to Andhra Pradesh’s incredible economic potential. He made announcement that his company Jio will invest 40,000 crores in Andhra Pradesh. According to him, Reliance’s oil and gas exploration team found gas in
Investors have various reasons for investing in Adani shares. Some believe in the company’s future potential while others are interested in its current position. However, all investors should carefully consider their options before making any decisions. Adani is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani in
Anil Agarwal announced that he would be investing Rs 1.54lakh crore to set up a semiconductor chipset manufacturing plant in Gujarat. He will be partnering with Taiwan’s Foxconn. With the new investment, Vedanta has invested a total of ₹25000 crore in Odisha. This investment is key to Vedanta’s future as they hope to empower and
As Russia stops the continent’s gas supply, European banks are implementing energy-saving measures. Banks are cutting down on energy consumption and giving employees “cycling days” off from work. Russia stops the gas supply to Europe in the form of pipeline Nord Stream 1, it says that until sanctions are lifted, they will not reopen the
Pipe manufacturer, Maharashtra Seamless has had a successful year due to increased interest from investors and the improvement of crude oil prices. The company has doubled the investors money in the last one year. Maharashtra Seamless sells pipes, tube and also creates renewable energy through solar and wind. They are located in Thane, Maharashtra. Crude
Amidst these chaotic times, Russia has increased pressure on many European economies by reducing the natural gas supplies further, raising fears of a fuel shortfall this winter. European officials describe these Russian fuel supply cuts as an attempt to retaliate against Western countries for backing Ukraine. On Friday, Russia decreased the natural gas deliveries to
What Are the 3 Biggest Contributors to Climate Change?
Climate change is one of the most pressing issues facing our planet today. The scientific consensus is clear: human activity is primarily responsible for the warming of our planet and the resulting changes in weather patterns, sea levels, and ecosystems. But what are the biggest contributors that are contributing the most to this problem and is