1 vote
MUMBAI (Reuters) - Indian wind turbine maker Suzlon Energy said on Friday it had won a 30 megawatt order from Altrade Group.
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1 vote
LONDON (Reuters) - BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortnight away from sealing the well for good.
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1 vote
SINGAPORE (Reuters) - Oil fell on Friday for the first day in three as traders awaited monthly U.S. employment data, while Hurricane Earl approached the country's east coast, fuelling concerns of disruptions to refineries and demand during the Labor Day long weekend.
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1 vote
1 vote
NEW ORLEANS (Reuters) - An oil and gas platform operated by Mariner Energy burst into flames in the Gulf of Mexico on Thursday, but the crew of 13 escaped and there were no signs of an oil spill, the U.S. Coast Guard said.
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1 vote
Tata Power has bagged a 240 mw geothermal power project in Indonesia in consortium with Australian company Origin Energy (OEL) and PT Supraco Indonesia, for an undisclosed amount. The consortium comprising Tata Power (47.5%), Origin Energy (47.5%) and PT Supraco Indonesia (5%) were declared as the successful bidder for Sorik Marapi geothermal project in Northern Sumatra, Indonesia, Tata Power stated. The Sorik Marapi project is estimated to generate 240 mw. OEL is Australasia s integrated energ
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1 vote
NEW YORK (Reuters) - U.S. crude oil futures rose for a second day on Thursday as Hurricane Earl threatened U.S. East Coast refineries and an explosion hit an offshore oil and gas platform in the Gulf of Mexico.
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1 vote
NEW YORK (Reuters) - Stocks and oil rose while U.S. Treasuries fell on Thursday as U.S. data showed the world's largest economy did not appear to be falling back into recession.
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1 vote
The government is set to make tariff-based bidding mandatory for allocation of power projects from next January, in a move that is expected to bring down the price of electricity to the consumer. However, state-run utilities like NTPC and Damodar Valley Corporation (DVC) might feel the heat, because with their limited ability to cut costs, they could easily be outbid by large private players. The Centre and many states already follow the tariff-based bidding route for allocation of power projec
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1 vote
The recent improvement in liquidity with banks is unlikely to persuade Reserve Bank of India to strike the issue off its list of concerns, economists and bankers said this week. Last week, the first in 13, banks cash deposit with the central bank exceeded borrowing in the liquidity adjustment facility (LAF). The LAF transactions are a ready gauge of banks liquidity. This development was probably set off by the government spending, economists said, noting that on August 21, the government paid R
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1 vote
HOUSTON (Reuters) - An oil and gas platform in the Gulf of Mexico exploded on Thursday, setting off a blaze and a small oil spill, but the accident does not appear to be as serious as BP's deadly rig explosion and oil spill in April.
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1 vote
HOUSTON (Reuters) - An oil and gas platform in the Gulf of Mexico exploded on Thursday in an accident that recalled the worst offshore oil spill in history, though there
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1 vote
HOUSTON (Reuters) - An oil and gas platform owned by Mariner Energy Inc was on fire off the coast of Louisiana on Thursday, but no oil was visible in the water and the 13 workers aboard the facility were rescued.
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1 vote
HOUSTON (Reuters) - An oil and gas facility owned by Mariner Energy Inc off the coast of Louisiana was on fire Thursday, and the U.S. Coast Guard said it was working to rescue 13 workers.
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1 vote
Fund managers cautious about outflow from equity schemes.
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