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India will cut taxes on excessive profits from fuel exports while global prices fall

India reduces windfall taxes on other fuels and removes a tax on gasoline exports less than three weeks after it implemented them. The actions will pr

India reduces windfall taxes on other fuels and removes a tax on gasoline exports less than three weeks after it implemented them. The actions will provide relief for the top two crude explorers in the country, Oil & Natural Gas Corp. and Reliance Industries Ltd. In recent weeks, Asias profits from processing gasoline and diesel have plummeted. Due to increased supplies, industry consultant FGE anticipates a further decline in margins this quarter. Read More..

B2B Tech News | 3 years ago        

The first gas project for the Australian network was launched in Sydney

Australia has started its first trial of generating biomethane from wastewater. The New South Wales NSW government announced on Tuesday the trial, whi

Australia has started its first trial of generating biomethane from wastewater. The New South Wales NSW government announced on Tuesday the trial, which began at Sydney Waters Malabar Wastewater Recovery Facility. It will supply gas to around 6,300 homes by the end of the year, with the capacity to double production by 2030. This fiveyear pilot project will bring gas directly into the supply network and will also help industries across NSW meet their net zero emissions targets. The first renewable gas products are due to be completed this year and will be supplied to Sydneys network soon after. Read More..

B2B Tech News | 3 years ago        

Shares of GE Shipping rose 11% to a 52week high

Shares of Great Eastern GE Shipping hit a 52week high of Rs 459.20 on the BSE in Tuesdays intraday trade. The trading volumes on the counter jumped ov

Shares of Great Eastern GE Shipping hit a 52week high of Rs 459.20 on the BSE in Tuesdays intraday trade. The trading volumes on the counter jumped over sixfold as 2.3 million equity shares changed hands. In the past six months, GE Shipping outperformed the market by surging nearly 43 percent on the rise in crude tanker freight rates. The RussiaUkraine conflict is likely to be a significant driver of the tanker market in the short term. Sanctions are likely to harm Russian exports by reducing volumes overseas. On the other hand, sanctions may boost tonmiles as Russian exports increasingly shift towards Asian countries. Read More..

B2B Tech News | 3 years ago        

The European Union has agreed to double gas imports from Azerbaijan

EU natural gas imports from Azerbaijan will reach at least 20 billion cubic meters per year by 2027. Azerbaijan will deliver 8.1 billion cubic meters

EU natural gas imports from Azerbaijan will reach at least 20 billion cubic meters per year by 2027. Azerbaijan will deliver 8.1 billion cubic meters of natural gas to the EU in 2021. Hungary is negotiating a longterm supply agreement with Russia to redirect all Russian gas to the Turkish Stream pipeline. According to Reuters, quoting Hungarian Foreign Minister Peter Szijjarto, Hungary is negotiating with Russia to redirect all Russian gas to the TurkStream pipeline under a longterm supply agreement. Read More..

B2B Tech News | 3 years ago        

M&M shares rose 2% after buying Sampo Rosenlew Oy. 76% growth in 4 months

Shares of Mahindra & Mahindra M&M rose nearly 2% in early Tuesday trading. A large car manufacturer has increased its stake in the Finnish combine har

Shares of Mahindra & Mahindra M&M rose nearly 2% in early Tuesday trading. A large car manufacturer has increased its stake in the Finnish combine harvester company Sampo Rosenlew Oy. M&M shares are trading close to their alltime high of 1,191.90 rupees. The shares of the Mumbaibased carmaker reached an alltime high on Monday. In June, the company reported that sales of passenger cars increased by 59% to 26,880 units. Total vehicle sales passenger and commercial vehicles this month were 54,096 units. Read More..

B2B Tech News | 3 years ago        

The International Monetary Fund has given Tanzania a $ 1 billion loan

The International Monetary Fund IMF announced on Monday that it has provided $ 1.046 billion in loans over 40 months to help Tanzania overcome the eff

The International Monetary Fund IMF announced on Monday that it has provided $ 1.046 billion in loans over 40 months to help Tanzania overcome the effects of the war in Ukraine. Tanzania will receive the equivalent of $ 151.7 million. African countries need help to implement reforms and unlock their economic potential. The war in Ukraine has raised food and fuel prices worldwide. 85% of grain consumption in subSaharan Africa is imported. Read More..

B2B Tech News | 3 years ago        

Bidens energy consultant predicted a fall in gas prices

US President Joe Bidens energy advisor predicts gas prices could fall to $4 per gallon in the US. Sales of crude oil began some time ago when OPEC fai

US President Joe Bidens energy advisor predicts gas prices could fall to $4 per gallon in the US. Sales of crude oil began some time ago when OPEC failed to reach an agreement with its Russialed allies to cut off oil production. That, in turn, caused Saudi Arabia to slash its oil prices as it reportedly looks to ramp up production. On Sunday, the average price of a gallon of regular gasoline in the United States was around $4.53, according to the AAA American Automobile Association. Hochstein said he expects the price to drop further to around $4 a gallon. Premium lead touched record highs of $6 per gallon in recent weeks in all retail outlets From Shell to Exxon, Lukoil, and BP. Read More..

B2B Tech News | 3 years ago        

Concentrated Energy + Power supports Puerto Ricos renewable energy goals through solar power generation

Convergent Energy + Power has entered into a power purchase and operating agreement with the Puerto Rico Electric Power Authority PrePA for a 100 MW s

Convergent Energy + Power has entered into a power purchase and operating agreement with the Puerto Rico Electric Power Authority PrePA for a 100 MW solar generation project paired with a 55 MW battery. The Solar Plus storage system will be owned and operated by Convergents Puerto Rico subsidiary, Convergent Coamo. The system is currently expected to be operational in 2024 and is part of a larger plan to accelerate Puerto Ricos strategic energy transition. The island has responded to these challenges by setting an ambitious goal of achieving 40% renewable energy by 2025 and 100% renewable energy by 2050, relying on its most abundant resources solar and wind. Read More..

B2B Tech News | 3 years ago        



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