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Tuesday, 22 September 2026

63 briefs so farlast update 17:02 UTC

Key points

  • CENTCOM reports over 1 billion barrels of crude moved through Hormuz under US blockade.
  • US Gasoline Hits USD 4.48 as Trump Defends Iran War Costs.
  • US Signs Law Enabling Secondary Tariffs on Buyers of Russian Energy.
  • Iran oil loadings collapse to 220,000-260,000 bpd in August, cryptobriefing reports.

Markets

Adani Power breaks ground on 3,200 MW Chapar thermal plant in Assam

Adani Power Limited (APL) has begun work on a 3,200 MW ultra-supercritical thermal power plant at Chapar in Assam's Dhubri district, with the foundation stone laid by Chief Minister Himanta Biswa Sarma.

The project carries an investment of about Rs 48,000 crore, according to reporting by Mangalorean, Ommcom News and Bizzbuzz, which described it as one of the largest private investments in the state's history. The Economic Times put the same figure at ₹48,000 crore for the 3,200 MW build in Dhubri district.

The plant will comprise four units of 800 MW each and is scheduled to be commissioned in phases beginning in December 2030, according to the same reports.

Adani Power says the project is likely to generate up to 20,000 jobs during construction and around 5,000 permanent and indirect jobs once operational. ANI reported the same construction and operational job figures.

Source: mangalorean.com (opens in a new tab)5 sourcesPermalink

Markets

Chord Energy to sell non-operated Marcellus assets for USD 550 million

Chord Energy said a subsidiary has agreed to divest its non-operated Marcellus assets for USD 550 million in gross consideration, according to a September 16 announcement reported by Yahoo Finance and Insider Monkey.

The company has already received a USD 55 million deposit on the transaction, with closing expected in the fourth quarter subject to customary conditions, per the same reporting.

Completing the sale would leave Chord Energy's producing portfolio concentrated entirely in the Williston Basin, according to Insider Monkey. The operator expects annual capital requirements to decline by roughly USD 25 million once the Marcellus exit closes, per Insider Monkey.

Source: finance.yahoo.com (opens in a new tab)2 sourcesPermalink

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