Ofgem inspects doorway gas and electricity sales representative
Submitted by Akilah Amiri on Fri, 09/03/2010 - 08:54
The four UK's biggest energy groups are being examined over assertion that they are misguiding customers convinced to swap supplier on their doorway or over the phone.
Ofgem, the Energy regulator might penalize the supply wings of npower, Scottish Power, Scottish and Southern Energy and EDF Energy equal to 10% of its yearly proceeds if customers' grievances are sustained.
WA Government buys land for Woodside gas plant
Submitted by Akilah Amiri on Fri, 09/03/2010 - 08:33
Mr. Barnett has issued statements today in the controversial acquisition that large income projects have been jeopardized by delays.
Oil and gas giant Woodside intends to utilize the gas for the plant of a 30 billion U. S. dollars LNG project in Browse basin that issued a report saying the travel could afford greater assurance for development.
CIL to set up power plant to use excess coal
Submitted by Maninder Singh on Wed, 09/01/2010 - 05:26
On Tuesday, Coal India Ltd said that it wants to use the excess coal that it has with itself and to be able to do that it plans to start a captive power plant.
The world's largest coal maker has said that it is now trying to set up a tie-up with SAIL and/or Tata Steel for e-commerce and that it plans to have a 50:0 partnership.
State firms not to counter Vedanta on Cairn - source
Submitted by Akilah Amiri on Sat, 08/28/2010 - 09:56
The news about the withdrawal of the joint counter-bid by government operated energy companies GAIL, ONGC and Oil India against the $9.6 billion share acquisition of Cairn India by Vedanta group has been confirmed by a senior official of the Oil Ministry of India.
ONGC-OIL-GAIL may bid to counter Vedanta's offer for Cairn
Submitted by Akilah Amiri on Wed, 08/25/2010 - 16:56
The $8.48 billion bid of Vedanta a major chunk of stake in Cairn India is now expected to be contended by a combined bid by government owned ONGC, GAIL and OIL who have reportedly assembled an amount of $10 billion from various international financial institutions for this purpose.
Woodside will invest $13bn for its gas project
Submitted by Akilah Amiri on Thu, 08/19/2010 - 18:45
Now it is the time for more competition between two biggest petroleum groups Woodside and Chevron petroleum in West Australia.
As Chevron has already increased its status in last couple of days, so now its main rival Woodside has stepped forward as it has enhanced its bids to keep in same pace in the market.
Clean energy funding cut by Gillard
Submitted by Gunraj Sandhu on Thu, 08/19/2010 - 12:49
Prime Minister Julia Gillard despite making a promise to boost renewable energy is under pressure of cutting more than $400 million from the sector.
Gillard has been promising to do more and more to help clean energy since the day she took the top job.
She stated that the record investment will be continued in solar and renewable energy.
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