Energy Sector

BGR Energy Receives Rs 16 Cr Order From Maithon Power

BGR Energy Receives Rs 16 Cr Order From Maithon PowerBGR Energy, engineering equipment supplier, has announced that it has secured a deal worth Rs 15.5 crore.

The scope of the order includes design, engineering, supply, erection and commissioning of large `Total Water System` from Maithon Power, Jharkhand.

The water system would be established in a coal-based power plant being developed by Maithon Power Ltd, a joint venture company of Tata Power and Damodar Valley Corporation.

The company said that the order is to be completed by March 2010.  

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3  India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.

However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.

The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.

Energy Trading Update and Market Outlook: Nirmal Bang

Crude Crude futures in U. S. steadied below $46 a barrel, after falling nearly 9 percent a day earlier as worries about the U. S. banking sector hit equity markets. The U. S. dollar rallied on safe-haven bids.

New York Mercantile Exchange natural gas futures ended down sharply on Monday, as a steep slide in crude, milder weather forecasts and growing supplies pressured the complex despite a rebound in physical prices.

OPEC oil price drops by nearly 2 dollars

opecVienna - Dropping by 1.86 dollars Monday, the price for oil produced by the Organization of the Petroleu

Exxon Mobil overtakes Wal-Mart as largest US company

Exxon Mobil and Wal-Mart New York  - The global economic crisis has scrambled the pecking order among US firms, with Exxon Mobil ousting Wal-Mart as the top revenue-earning company.

The energy company vaulted to the top of the business magazine Fortune 500 list, pushing the world's largest retailer to second place.

Profits among Fortune 500 companies saw the worst declines in the list's 55-year history, falling 85 per cent in 2008 compared to 2007, for total losses of 99 billion dollars.

Energy Trading Update and Market Outlook: Nirmal Bang

crude oil U. S. crude oil futures for May delivery edged lower by 18 cents to $50.15. The contract settled 35 cents higher at $50.33 on Friday, buoyed by news of a rebound in U. S. consumer confidence and better-than-expected quarterly earnings Natural Gas prices shot up to $3.729 from $3.599 this sharp rally was attributed to short covering ahead of expiry.

Crude oil speculators on the NYMEX decreased net long positions in the week to April 14, according to data from the U. S. Commodity Futures Trading Commission released on Friday. Speculators moved to a net long 4,962 positions during the week, from 12,493 positions in the week to March 31.

Pages