NEW DELHI (Reuters) - Indian Oil aims to increase its liquified natural gas portfolio to 20 million tonnes per year (MTPA) by 2030, from 7.8 MTPA currently, Sujoy Choudhury, head of planning and business development at the company, said at an industry event on Thursday.
The power sector is expected to be one of the key drivers for Indian LNG demand, Choudhury added.
(Reporting by Nidhi Verma; Editing by Sonia Cheema)
It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.
The Falkland Islands has opened the door to oil exploration in its waters for the first time in history, in a move that could trigger an economic boom for locals.
In this article, we will take a look at the Country That Imports the Most Natural Gas in the World. We have also compiled a full free list of the 20 Countries that Import the Most Natural Gas in the World. Natural Gas: A Key Player in the Global Energy Market Natural gas, a fossil […]
For a certain cohort of retirees, retirement has meant financial stability and peace of mind.
The NHTSA recently announced recalls for 1,071,798 vehicles. This includes Ford, Volkswagen, Toyota, Porsche, Tesla, Chrysler, Nissan, GM and Jaguar.
We recently compiled a list of the 12 Wealthiest People in Norway and in this article, we will look at the richest person in Norway. Norway’s Economy: An Outlook Norway is a highly developed country with a rather small yet robust economy. It is one of the richest countries in the world with a GDP per […]
Labour’s plan for a net-zero economy powered by wind turbines and electric vehicles (EVs) risks being thwarted by a huge drop in factory apprenticeships, British manufacturers have warned.
STORY: Boeing said Monday it will buy its supplier Spirit Aerosystems for $4.7 billion.The U.S. planemaker moved after a crisis caused by a mid-air blowout on a 737 MAX jet led to questions over quality.Boeing rival Airbus has also agreed to take on the supplier's loss-making Europe-focused activities, in return for hundreds of millions of dollars of compensation.Boeing spun off Spirit in 2005, and has long considered a buyback.The decision to go ahead now comes as the aerospace giant tries to resolve a crisis at one of the industry's key suppliers.January's blowout incident involved a door plug made by Spirit, and contributed to a major slowdown in output at Boeing.The planemaker announced the planned departure of CEO Dave Calhoun in the wake of the crisis.Now the deal is due to close around midway through next year, and is seen as an effort to address its safety problems and shore up its production line.Airbus is also a Spirit customer, and didn't want arch-rival Boeing building parts for its latest jets. It has now confirmed it will take over core activities at four of the supplier's plants to avoid that.Sources said the move was loosely coordinated between the three companies. Airbus said it would receive $559 million in compensation from Spirit, depending on the final outlines of the deal.
The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in June, from 51.6 in May, on a seasonally adjusted basis. "Another strong month of data provides further evidence that global industrial activity and trade are picking up," said Joe Hayes, principal economist at S&P Global Market Intelligence. "Viewed as a bellwether for exports due to its integration in supply chains for key intermediate goods like batteries and semiconductors, South Korean manufacturing output and orders often provide leading signals for trends more broadly."
As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.
European markets strengthened today as traders reviewed the first round of voting in France’s parliamentary election. The CAC 40 rose 2% amid speculation that the far-right National Rally party will fall short of an absolute majority. In the UK, one of the country’s biggest mortgage lenders has reported that house prices rose last month.
With oil consumption expected to peak in 2029, our writer considers what might happen to the BP share price over the next five years. The post With demand for oil still rising, where could the BP share price be in 2029? appeared first on The Motley Fool UK.
“China’s economic (and national) security is at risk,” the document warns. “The stakes for China are high, and trust is low. China must therefore redouble efforts at ‘zili gengsheng’ (self-reliance).”
IF you live in Herefordshire, you have probably been in this building at one time or another... but where is it?
Wessex Internet is opening a new base in Wiltshire.
Huawei Technologies has teamed up with Chinese foundry Wuhan Xinxin Semiconductor Manufacturing Co to develop high-bandwidth memory (HBM) chips, according to sources, as these devices have become an indispensable component in the computing infrastructure used for artificial intelligence (AI) projects. This initiative also involves mainland integrated circuit (IC) packaging firms Jiangsu Changjiang Electronics Tech and Tongfu Microelectronics, which are tasked to provide the so-called Chip on Waf
London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson Shipbrokers. In 2022, the Sabah state government and state energy firm Petronas launched a gas masterplan to further develop the domestic gas industry.
A woman who has worked at Ludham Bridge Stores for 50 years says she "still loves it" as she talks about her collaboration with Bittern Books.
FCM Travel Greater China, a business-travel management company, plans to invest in its artificial intelligence capabilities and give its staff the skills they need to get the most out of the technology as China's outbound travel market enjoys a resurgence. The drive to adopt and integrate AI into its operations began recently with the opening of the company's new "AI centre of excellence" in the southern Chinese city of Guangzhou. The city was the ideal destination thanks to its large pool of ta
Companies are becoming more fond of part timers these days.
Yahoo Finance