Ola S1 reintroduced at USD 1,260; electric cars teased for 2024 launch
India’s Ola Electric Mobility has reportedly reintroduced the Ola S1, its latest electric two-wheeler. The company is also set to launch an electric four-wheeler by the year 2024. The founder....
Siemens Energy’s Russia restructuring may inflict a larger net loss
Siemens Energy, a leading equipment provider for the power sector, issued a warning stating that the reorganization of its business in Russia may result in a loss of around USD 204 million, ....
Inpex hits DSME with $970M lawsuit for delayed commissioning of FPSO
Inpex Operations Australia, the Japanese oil and petroleum company, has reportedly filed a big international lawsuit against the South Korean shipbuilding company Daewoo Shipbuilding & Marine Engi....
LG Energy Solutions to run operations on 100% renewable energy by 2025
LG Energy Solution is reportedly planning to power all its production sites across the world with renewable energy from 2025. The second-largest producer of electric car batteries in the world affirme....
Amid soaring energy bills, BP sees the biggest profit in 14 years
British oil and gas giant, BP plc, has reported that its profits reached $8.45 billion between the April and June quarter of this year, more than three times the amount it logged-in for the same quart....
India’s gasoline sales for July dwindle as monsoon rains dampen demand
The gasoline demand in the country declined by around 8% to 2.66 million tonnes while the demand for gasoil fell by almost 16% to 6.42 million tonnes. Even truck transportation dropped by 15% to ....
Australian watchdog warns of gas-supply deficit on east coast in 2023
The Australian Competition and Consumer Commission (ACCC) has reportedly urged the nation’s federal government to work with producers to redirect liquefied natural gas (LNG) reserves booked for ....
Air-conditioned shops in France ordered to shut doors to save energy
A French minister has reportedly announced that all air-conditioned stores in France are required to keep their doors shut or pay a fine of €750 ($760) after several mayors from major cities anno....
Hitachi awarded Ørsted’s Hornsea offshore wind farm contract
Hitachi Energy, the Switzerland-based leading technology and power grid company, has reportedly won a significant order from renowned Danish renewable energy firm, Ørsted, to deliver two high-v....