NEW DELHI (AP) — Low-cost Indian airline SpiceJet grounded all flights Wednesday after oil companies stopped supplies of jet fuel to the financially beleaguered carrier.
No SpiceJet flights had taken off Wednesday and passengers were making arrangements to shift to other airlines, a Delhi airport official said speaking on condition of anonymity because he was not authorized to speak to the media.
NEW DELHI (AP) — Facing a stumbling economy at home and increasingly biting Western sanctions, Russian President Vladimir Putin sought Thursday to strengthen once-close relationship with India through an ambitious plan to help New Delhi build at least 12 new nuclear reactors.
Putin and Indian Prime Minister Narendra Modi ended a day of talks by announcing a clutch of agreements in energy and defense, including a plan to manufacture advanced Russian military helicopters in India, and the possibility of exporting them to other countries.
WASHINGTON (AP) — Six countries produce nearly 60 percent of global carbon dioxide emissions. China and the United States combine for more than two-fifths. The planet's future will be shaped by what these top carbon polluters do about the heat-trapping gases blamed for global warming.
They are: China, the U.S., India, Russia, Japan and Germany.
KATMANDU, Nepal (AP) — Nepal signed an agreement Tuesday for an Indian company to build a $1 billion hydroelectric plant to boost supplies in the energy-starved Himalayan nation and export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, arrived in Nepal for a meeting of the South Asian Association for Regional Cooperation.
A chunk of either Coal India or Oil & Natural Gas Corp. will go on the market in early December, a finance ministry official told The Wall Street Journal, as India’s government moves to raise billions of dollars to reduce its deficit by courting private investors.
KATMANDU, Nepal (AP) — Nepal is signing an agreement Tuesday for an Indian company to build a $1 billion hydroelectricity plant to boost supplies in the energy-starved Himalayan nation and to export power to India.
The move comes as regional leaders, including Indian Prime Minister Narendra Modi, are arriving in Nepal for a summit of South Asian Association for Regional Cooperation.
The New York Times interviews Pramod Chaudhari, founder of Praj Industries, which has grown over the past three decades into a firm specializing in bioethanol as well as biochemical technologies and waste water.
India’s plans -- backed by Power Minister Piyush Goyal -- to double its use of domestic coal in a push to get more people access to electricity could threaten the global fight against climate change, The New York Times reports.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.