Energy NEWS

Following a shareholder vote yesterday, Australian liquefied natural gas (LNG) developer Woodside Petroleum (ASX:WPL) will change its name to Woodside Energy Group as it prepares to embrace the energy transition.

US supermajor ExxonMobil is selling for $750 million its stake in one of the world’s first actively produced shale plays, the Barnett shale of Texas in the US, to BKV Corporation. ExxonMobil in 2020 removed the company's Barnett holdings from its development plan and had been actively marketing the assets since last November.

"Joshi, the senior-most director on the HPCL board, was in January picked by the government headhunter PESB to replace Mukesh Kumar Surana. "

"Consolidated PAT before Exceptional Items up by 76 per cent YoY (year-on-year) at Rs 775 Crore in March quarter vs Rs 440 Crore in Q4 FY21 (March quarter), " the company said in the statement.

The two foreign ministers noted the potential for a closer India-Italy industrial collaboration in the defence sector and vowed to work closely in countering common challenges of terrorism, violent extremism and cybercrimes.

In days to come, steps should be taken to run trains, airplanes, trucks and buses and especially factories producing chemicals and cement using an alternate energy source like hydrogen and research should be done in this field, he said.

The increase in exports is an indicator of how Russia's commodity exports, a key source of its budget revenues, is resilient in the face of sweeping Western sanctions over what Mosow calls its "special military operation" in Ukraine.

Earlier on Sunday, the anti-terrorism authorities in Kurdistan region said six missiles landed near the KAR refinery in Erbil, adding they were launched frm nineveh province.

EU lawmaker Jerzy Buzek, former Polish prime minister and Parliament's lead lawmaker on the rules, said Parliament's team hoped to start talks with EU countries in two weeks and strike a deal lawmakers could vote on in June.

UK Energy Secretary Kwasi Kwarteng indicated on Wednesday that the British government will not cease the oil and gas production in the nation

The systems have been on shut down since Monday and efforts are on to resolve the issue, OIL spokesperson Tridiv Hazarika said.

Investing.com – Oil was down on Friday morning in Asia and was set for a weekly loss of 3% after consuming countries agreed to release a total of 240 million barrels of oil from emergency stocks.

Sitharaman said that she was entering financial year 2022-23 (FY23) with "cautious optimism" at a time of global commodity price escalation due to the Russia-Ukraine war

India on Thursday defended its decision to look for "good deals" for its energy requirement amid volatility in the market, while pointing out that Europe has been a major buyer of Russian oil and gas even after the crisis in Ukraine unfolded.

On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a growth of around 16 per cent over the last financial year, the company released said.

C Chaudhary will continue in his current role as the COO for the solar business for both commercial and industrial and utility customers.

WASHINGTON, March 3 (Reuters) - The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change?

A lot of news has been coming lately from the U.S. shale patch. Output in the Permian has broken records for two months in a row. The Energy Information Administration has forecast that the U.S. total could also break a record this year, thanks to higher prices.