Tag: India

New US wind power installations plummet

U.S. investors in wind-generated power nearly abandoned the business last year as Congress let lucrative tax credits for wind projects tumble away, according to a new report.  More »

International investment tough even as Asian growth surges

Electricity demand is surging in India, Vietnam, sub-Saharan Africa and other developing economies where growing populations are starving for power generation, but U.S. public utilities still remember the hard lesson of the 1990s: The need for energy isn’t enough to an make international investment viable, energy executives said Thursday.  More »

Oil demand won’t peak for decades, Valero CEO says

growing need for transportation fuels in developing countries will stave off a peak in global oil demand over the next decade, despite shrinking oil use in the U.S. and other mature markets, panelists said Tuesday.  More »

Energy deals plunge to 5-year low in 2013

Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.  More »

Wall Street believes Iranian oil will return

For now, oil traders see the U.S. deal to curb Iran’s nuclear program as the first step of many that could lead to the return of Iranian oil to the market – a prospect that’s sinking prices Monday.  More »

China, India increasingly drive global energy demand

China and India are increasingly driving world energy demand as the United States’ production boom puts it on track to become independent of the global market, the International Energy Agency said Tuesday.  More »

Eight energy leaders rank among Forbes Most Powerful People

Several kings of the energy world landed on Forbes’ list of the World’s Most Powerful People, ranking among world leaders and wealthy philanthropists.  More »

World economy a ‘major worry’ for OPEC oil producers

OPEC sees a possible drop in energy demand caused by a weaker world economy as its “main area of concern” for the next several months, the group’s secretary-general said.  More »

Agency projects 50% rise in world energy demand by 2040

Growth in the developing world will increased global energy consumption by 50 percent in the next three decades, and fossil fuels will continue to dominate the energy picture.  More »

IEA: Renewable energy making global gains, but so is coal

Renewable energy grew at an extraordinary pace worldwide in 2012, but it’s not enough to curb the march of climate change, because coal has continued to dominate growth in power generation around the world, the IEA said in a report this week.  More »

Asia’s largest solar-thermal power plant launches (photos)

Godawari Power & Ispat Ltd. has started Asia’s biggest solar-thermal plant, but analysts say its too soon to declare the project a success.  More »

Skepticism over lower LNG prices

After two days of excited arguments for market changes that would lower prices, world buyers of liquefied natural gas got a snappy retort Wednesday from executives and experts at the LNG 17 conference in Houston.  More »
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