The CEO of Saudi Arabian oil giant Aramco on Monday pushed back against forecasts of peak oil demand, and said the narrative of the current energy transition was based on “unrealistic” assumptions and scenarios. Speaking at the World Petroleum Congress in Calgary, Aramco CEO Amin Nasser said talk of peak oil demand had come up … Read more
India is unlikely to sign a deal with richer nations this year for a just energy transition, as international funding rests on India committing to a timeline to phase out coal, an “unviable” proposition for the country, energy analysts said. The Group of Seven (G7) industrialised nations, together with Norway, Denmark and the European Union, … Read more
Gujarat has topped the Niti Aayog’s State Energy and Climate Index (SECI) -Round 1 among larger states. It is aimed at ranking states and Union Territories (UTs) on six parameters, including discoms’ performance, clean energy initiatives and environmental sustainability. The states have been categorised based on size and geographical differences as larger states, smaller states, … Read more
NEW DELHI: The first “Indo Italian High Level Dialogue on Economical relations” ahead of leadership level meet next week was organised to open new chapter in economic partnership including in the areas of advanced manufacturing, railways sector and agro-processing. The two sides are also exploring partnership in defence sector with special focus on Navy. This … Read more
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But Saudi Aramco plans to boost its production capacity so it can pump as much of Saudi Arabia’s vast oil … Read more