Indian oil market outlook to 2030
The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these
Oil
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US may impose sanctions on India over Iran oil imports imimimports from Iran
Obama administration officials say they are concerned India may run afoul of a new US law restricting payments for Iranian oil, forcing the White House to impose sanctions on one of its most important allies in Asia. So far this year, India is failing to cut back its purchases of Iranian oil, which may force President Barack Obama to impose penalties as early as June 28, according to several US officials.
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Panel set up to clear roadblocks in oil and gas exploration operations
To look into grant of work permits for foreign nationals Seeking to remove the unreasonable roadblocks and to win the confidence of international investors in the oil and gas exploration operations, the Prime Minister's Office (PMO) has stepped in and set up a high-powered Committee of Secretaries (CoS) to examine all issues of the petroleum sector and give its recommendations for grant of smooth clearances in future, including working conditions for foreign nationals of Pakistan, Sri Lanka and Bangladesh.
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Cairn India to pay landowners more for pipeline project
New Delhi Cairn India has agreed to double the compensation to the farmers and landowners resisting construction of its pipeline project in Rajasthan and Gujarat. The proposed pipeline will connect its Rajasthan oilfield to the crude oil shipping facility at Bhogat in coastal Gujarat. The company now produces one fifth of India's crude oil output. It has agreed for higher right of user payment — more than double the rate applicable in the Jamnagar district — after discussions with the local authorities and policymakers, said a source privy to the development.
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High oil prices creep towards top of Asian countries’ economic worry list
Sydney High oil prices are fast replacing Europe as the biggest danger to growth in Asia, threatening to smother consumer demand while taking a knife to exports and reigniting inflation. Brent crude topping $128 a barrel is also a headache for central banks as it makes it harder to use easy monetary policy to cushion growth.
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India’s top Iranian oil buyer MRPL plans to cut imports
New Delhi India’s largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with Opec’s second-largest producer difficult. India, China and Japan buy almost half of Iran’s estimated 2.6 million barrels per day of oil exports, but a raft of US and European sanctions aimed at choking off funding for Iran’s nuclear programme are squeezing its oil supply lines.
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5-MW capacity solar plant to be set up in Kaptai
As part of expanding solar power throughout the country the government has decided to set up a 5-MW solar power plant would at Kaptai to increased dependence on renewable energy to 10 percent of country's
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Legal Strategy Taken by Shell Is Rarely Successful
The oil giant Shell filed suit in federal court in Alaska last week against a dozen environmental groups, employing a rare — and rarely successful — legal gambit in an effort to pre-empt anticipated legal
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Ecuadorian Plaintiffs In Chevron Case Plan To Pursue Ruling
Ecuadorian plaintiffs in an environmental lawsuit against Chevron Corp. (CVX) said Friday they will soon be able to begin a process in foreign countries to pursue a multibillion-dollar ruling issued by
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Growing demand in India, China driving up oil prices: Obama
The US President, Mr Barack Obama, sought to blame burgeoning growth in India, China and Brazil for the rising oil prices, in a bid to deflect the criticism of the Republicans in an election year, who
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TransCanada to build southern half of Keystone to avoid State Department approval
Keystone XL is becoming the project that refuses to die: TransCanada, the company behind the pipeline, has said it plans to build the southern half of the pipeline while it waits to determine a new route