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NEW DELHI (AP) — A blistering heat wave is sweeping across northern India with temperatures soaring above the normal, disrupting daily life and raising health concerns.The mercury shot up to 47.3 C (117 F) in Sri Ganganagar, a desert city in the northwestern state of Rajasthan on Monday , according to the Indian Meteorological Department.The record for the country is 51 C (124 F), set in May 2016 in Rajasthan’s city of Phalodi.The searing heat is not just a seasonal discomfort but underscores a growing challenge for the country’s overwhelmed health infrastructure. A prolonged exposure to extreme temperatures often causes…
China’s natural gas producers are lobbying Beijing to increase the number of power plants that run on the fuel, in a bid to help prop up faltering demand. The power sector – which currently accounts for 18 percent of China’s gas consumption – is viewed by the industry as a key engine of growth, according to people involved in advising on energy policy. Under the sector’s latest proposal, China would build nearly 70 gigawatts of new gas-fired capacity by 2030, an almost 50 percent increase from 2025’s estimated level, they said, asking not to be named as the plan is not public. The government…
PTAS Aker Solutions Sdn. Bhd., a joint venture between Aker Solutions ASA and PTAS Sdn. Bhd., has secured a two-year deal extension with Brunei Shell Petroleum (BSP) for offshore maintenance and modification services. Aker Solutions said in a media release that the contract extension is a result of BSP exercising an option included in the current agreement. Aker Solutions said the deal is a significant one, meaning it is valued between NOK 1.5 billion ($149.2 million) and NOK 2.5 billion ($248.6 million). The work will be managed by PTAS Aker Solutions’ office in Kuala Belait, Brunei Darussalam. The scope of…
TGS has announced a strategic partnership with Oseberg, a premier provider of lease and regulatory data for the energy sector. This collaboration brings Oseberg lease data attributes into TGS’ Well Data Analytics (WDA) platform for enhanced analysis. In the first phase of the integration, WDA users can now seamlessly access lease ownership data for Texas, New Mexico, and Oklahoma, as well as other subsurface well data. This combined offering enables E&P companies to plan wells more efficiently, reduce legal and operational risks, and optimize development strategies by aligning drilling programs with land ownership and leasehold constraints. Key use…
SAKURA internet Inc. has signed a deal with JERA Co. Inc. to explore the potential of establishing data centers (DCs) connected to JERA’s power infrastructure. To meet customer demand for both stable supply and decarbonization, JERA is creating a clean energy platform, aiming to deliver low-carbon and decarbonized electricity on a large scale. The agreement involves exploring the establishment of data centers on the grounds of existing thermal power stations owned by JERA, JERA said in a media release. Progress in this exploration will enable SAKURA internet to provide the digital infrastructure that utilizes clean energy from JERA. By promoting…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower prices. So when the group — led by Saudi Arabia — announced a big increase in output, it left observers baffled.All that oil will swamp demand. Opec+ — the name given to the cartel plus allies such as Russia — may add as much as 2.2mn barrels a…
Subsea7 has announced the award of a sizeable1 contract by Shell for the Aphrodite gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at the Aphrodite development, located within Block 5a, at water depths of up to 290 meters. Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations planned for 2027. “Engaging with Shell from the outset has been key to building trust and driving efficiencies,” said Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico. “This award in Trinidad and Tobago…
Hundreds of top environment lawyers are suing the New Zealand government over what they say is its “dangerously inadequate” plan to reduce emissions to net zero by 2050.It is the first time the country’s emissions reduction plan has faced litigation, and the lawyers believe it is the first case globally that challenges the use of forestry to offset emissions.Lawyers for Climate Action NZ and the Environmental Law Initiative – two groups representing more than 300 lawyers – filed judicial review proceedings against the government in Wellington’s high court on Tuesday.The groups have provided the Guardian with first access to the…
(BOE Report) – Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters. Investors have shown renewed interest in Argentina following Milei’s measures, which include sharp reductions in inflation and public spending, a restored fiscal surplus, and relaxed foreign exchange controls. “Two, three years ago you contacted an international company, an international investor, and Argentina was a bad word. That has changed since Milei became president,” Tripier said in an interview with Reuters in Buenos Aires. “There’s…
(Bloomberg) — The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co. “We can’t identify anybody in the U.S. that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean Technology Stephen Trauber said in an interview in London on Monday. “We don’t really see any others globally that are buyers that view the assets as must-have.” Shell Plc is “probably the one that fits the best” with bp from…