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Energy stocks rise

Energy stocks were trading with gains, with the S&P BSE Energy index increasing 87.27 points or 1.27% at 6962.86 at 09:49 IST. Among the components of the S&P BSE Energy index, Mangalore Refinery And Petrochemicals Ltd (up 4.26%), Selan Explorations Technology Ltd (up 3.86%),Oil & Natural Gas Corpn Ltd (up 2.68%),Oil India Ltd (up 1.81%),Hindustan Petroleum Corporation Ltd (up 1.8%), were the top gainers. Among the other gainers were Adani Total Gas Ltd (up 1.55%), Chennai Petroleum Corporation Ltd (up 1.53%), Gujarat Mineral Development Corporation Ltd (up 1.37%), Hindustan Oil Exploration Company Ltd (up 1.32%), and Confidence Petroleum India Ltd (up 1.32%). On the other hand, Aegis Logistics Ltd (down 0.15%), turned lower.

Confidence Petroleum India Ltd Q4FY21 consolidated PAT rises to Rs 26 05 crore

Confidence Petroleum India Ltd Q4FY21 consolidated PAT rises to Rs 26 05 crore
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Energy News Monitor | Volume XVII; Issue 46

Basics Carbon capture, utilisation and storage (CCUS) may be defined as the capture, use, and secure storage of carbon that would otherwise be emitted into or remain in the atmosphere. The rationale for carbon capture and storage is to enable the use of fossil fuels while reducing the emissions of carbon dioxide (CO2) into the atmosphere, and thereby, mitigating global climate change. The storage period for CO2 exceeds the estimated peak periods of fossil fuel exploitation, so that if CO2 re-emerges into the atmosphere, it will occur after the predicted peak in atmospheric CO2 concentrations. Removing CO2 from the atmosphere by increasing its uptake in soils and vegetation (e.g., afforestation) or in the ocean (e.g., iron fertilization), is also a form of carbon sequestration through natural sinks.

Energy shares ease

Energy stocks were trading in the negative zone, with the S&P BSE Energy index falling 47.4 points or 0.75% at 6286.4 at 13:49 IST. Among the components of the S&P BSE Energy index, Hindustan Oil Exploration Company Ltd (down 2.27%), Adani Total Gas Ltd (down 1.61%),Bharat Petroleum Corporation Ltd (down 1%),Reliance Industries Ltd (down 0.93%),Oil & Natural Gas Corpn Ltd (down 0.85%), were the top losers. Among the other losers were Gujarat Gas Ltd (down 0.65%), Aegis Logistics Ltd (down 0.59%), Selan Explorations Technology Ltd (down 0.46%), Confidence Petroleum India Ltd (down 0.41%), and Gulf Oil Lubricants India Ltd (down 0.2%). On the other hand, Mangalore Refinery And Petrochemicals Ltd (up 9.99%), Castrol India Ltd (up 2.53%), and Gujarat Mineral Development Corporation Ltd (up 2.53%) moved up.

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