The Geological Survey of India (GSI) and Uttar Pradesh Directorate of Geology and Mining have discovered two gold deposits in the Sonbhadra district of India containing a total of 3,350 tonnes of gold ore. This figure is around five times more than India’s current total gold reserves...
India’s oil minister has revealed that companies are investing $60 billion in a national gas grid and import terminals as the nation attempts to boost its gas usage and cut carbon emissions. Oil Minister Dharmendra Pradhan told reporters at India Energy Forum by Ceraweek that the...
India could make 76% of its 175GW renewable energy generation capacity target by 2022 after being faced with multiple challenges, according to consultancy group Wood Mackenzie. The world’s leading research firm said that even with significant cost declines in the renewables sector, India meeting around 76%...
The government of India has given the green light to a major new solar project which is set to become one of the largest in the world. Located near the town of Dholera in the state of Gujarat, the project will spread over 11,000 hectares with...
Two major global oil consultancy firms have begun to map out scenarios for if China and India move to ban petrol and diesel cars and accelerate their respective electric vehicle (EV) industries. The two countries comprise of over a third of the world’s population and have...
India can develop its renewable energy resources to meet a quarter of the country’s total energy demand by 2030 according to a new report from the International Renewable Energy Agency (IRENA). The Renewable Energy Prospects for India paper suggests biofuels will be the biggest contributor at...
Rosneft (MCX:ROSN) is set to announce the completion of a US$12.9 billion deal to buy private Indian refiner Essar Oil, as the Russian oil giant looks to consolidate its ties with the world’s fastest growing fuel consumer. Under the purchase, the state-owned firm will head a...
India will invest nearly US$23 billion in the oil and gas fields of the Krishna-Godavari (KG) Basin, in a further boost to the nation’s growing hydrocarbons sector. The basin, which is located on the East coast of Andhra Pradesh, both onshore and offshore, will receive an...
BP’s carbon offsetting programme is expanding its portfolio across the world to support its aims of a lower carbon future. BP Target Neutral, celebrating its 11th year, is launching new carbon offsetting projects in India, Peru, China and Mexico reducing up to 2.5 million tonnes of...
BP (LSE:BP) has announced a partnership with Indian oil major Reliance Industries to invest $6 billion in India’s offshore energy industry. The joint venture’s investment aims to boost India’s gas output from an East coast block and expand production to feed the nation’s rising fuel and...