TotalEnergies Boosts Shareholder Returns Amid Rising Oil and Gas Production

Adani total gas commences production at UP biogas facility

Adani TotalEnergies Biomass (ATBL), a wholly-owned subsidiary of Adani Total Gas (ATGL), announced that it had commenced operations at Phase 1 of its Barsana Biogas Plant, situated in Mathura, Uttar Pradesh.

It was stated that the Barsana Biogas Project would achieve an overall capacity of 600 TPD of feedstock, resulting in the production of over 42 TPD of CBG and 217 TPD of organic fertilizer upon full commissioning. It was further claimed by the company that once Phase 3 reaches its full design capacity, the plant would become India's largest agri waste-based bio CNG plant.

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SunPower Reports Q4 Revenue Drop and Loss

In the latest financial report from SunPower Corporation, the distributed generation, storage, and energy services company revealed a fourth-quarter (Q4) revenue of $356.9 million, marking a significant decline of 28% from $498 million in the previous year. This downturn was primarily attributed to lower customer additions during the period.

During Q4, SunPower added only 16,000 customers, a stark contrast to the 35,700 added in the same period last year, reflecting a decline of approximately 56%. The company cited reduced bookings stemming from higher interest rates, changes in Califo..

Servotech, Adani TotalEnergies tie-up for EV chargers

Servotech Power Systems, India's leading EV charger manufacturer and charging solutions provider has signed a contract with Adani TotalEnergies E-Mobility Ltd. (ATEL) for AC EV chargers. Servotech Power Systems will be responsible for manufacturing, supplying and installing AC EV chargers at different airports and other said locations, playing a key role in driving widespread EV charging solutions, vital for advancing decarbonised mobility. The project will be executed in phases and the supply of the first phase of EV chargers has already started. This initiative is poised to significantly con..

Cairn Oil & Gas Reserves Surge

Cairn Oil & Gas, a subsidiary of Vedanta Resources, has reported a significant 19% increase in its oil and gas reserves, now totalling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn's robust exploration and production capabilities, solidifying its position as a leading player in India's energy sector.

The increase is attributed to successful exploration activities and efficient reservoir management, which have optimised recovery rates. Cairn's CEO, Nick Walker, highlighted that this achievement aligns with the company's strategic goal..

Consumer-Led Demand Shapes India's Oil Market

In India, the landscape of oil consumption is undergoing a paradigm shift. Rather than being solely dictated by industrial needs, the demand for oil is now predominantly driven by consumers. This shift signals a significant evolution in the nation's energy dynamics, with implications for both the economy and the environment.

Key factors contributing to this transformation include the rising affluence of India's middle class, urbanisation trends, and the increasing penetration of automobiles. As more households join the middle-income bracket, there is a corresponding surge in the owners..