Oil

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 developments may impact Indian crude and product net trade. The Report looks at energy transition trends …

Oil Slump Heightens Pollution Challenge From Delhi to Shanghai

A brisk walk in India’s capital New Delhi on Christmas Eve was rated ‘hazardous’ to health, while a similar stroll in the Chinese city of Shanghai was ranked ‘unhealthy.’ Two of Asia’s biggest cities with the same problem: Air pollution. This year, it could get worse. As the plunge in …

The outlook for energy: a view to 2040

China and India together are expected to account for half the growth in global energy demand because these two developing economies will lead the world in terms of population size and the pace of growth in standards of living says this new report by Exxon Mobil Significant growth in the …

Direct measurements of methane emissions from abandoned oil and gas wells in Pennsylvania

Recent studies indicate that greenhouse gas emission inventories are likely missing methane emission sources. We conducted the first methane emission measurements from abandoned oil and gas wells and found substantial emissions, particularly from high-emitting abandoned wells. These emissions are not currently considered in any emissions inventory. We scaled methane emissions …

Report of the Comptroller and Auditor General of India on hydrocarbon production sharing contracts

The report covering the four years period from 2008-09 to 2011-12 contains the results of the performance audit on `hyderocarbon production sharing contracts' at the Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons with respect to Blocks KG-DWN-98/3, Panna-Mukta, Tapti and RJ-ON-90/1, In addition, the results of …

Uganda Mineral Deposits Increase

Fresh statistics from the ministry of Energy and Mineral Development indicate a steady increase in Uganda's mineral reserves, a development that could transform the country's outlook. Energy Minister Irene Muloni released the figures during the fourth Joint Sector Review meeting for the ministry of Energy and Mineral Development at Speke …

Communities as counterparties: preliminary review of concessions and conflict in emerging and frontier market concessions

This analysis of almost 73,000 concessions in eight tropical forested countries by Rights and Resources Initiative found that more than 93 percent of these developments involved the land inhabited by Indigenous Peoples and local communities. From a business perspective, the risk posed by conflicts between concession operators and local populations …

Africa energy outlook: a focus on energy prospects in Sub-Saharan Africa

Sub-Saharan Africa’s energy sector can be improved to unlock a better life for its citizens. This report describes one of the most poorly understood parts of the global energy system, offers an authoritative study of its future prospects, broken down by fuel, sector and sub-region and shows how investment in …

Oil baron' approved as EU Energy and Climate commissioner

MEPs last night (8 October) approved Miguel Arias Cañete as the new EU Energy and Climate Commissioner, despite widespread concern from environmental groups about his background as an 'oil baron' and a petition signed by nearly 600,000 European citizens against his appointment. Cañete was approved by a wide margin, with …

Suriname pledges to stay ‘green’ as it ramps up its mining and oil industries

Suriname prides itself on being the “greenest” country on Earth and it intends to stay green as it ramps up its oil and mining industries, say government officials. Famous for its pristine rainforest and rivers, resource-rich Suriname is welcoming foreign direct investment to ramp up its oil and mining industries; …

Moving to a low-carbon economy: the financial impact of the low-carbon transition

This paper assesses the impact of a potential transition, looking not just at the investment required and the impact of a transition on the value of existing assets, but also looking more broadly at other factors that could affect the financial capacity of the global financial system, including operating expenses, …

Moving to a low-carbon economy: the impact of policy pathways on fossil fuel asset values

A low-carbon energy system consistent with avoiding the most damaging effects of climate change could free up trillions of dollars over the next 20 years to invest in better economic growth. The report, “Moving to a Low Carbon Economy: The Impact of Different Policy Pathways on Fossil Fuel Asset Values,” …

Canada to badly miss 2020 emissions-cut target: official watchdog

Canada is set to badly miss a 2020 target for cutting emissions of greenhouse gases, in part because of its failure to regulate the booming oil and gas sector, Parliament's environmental watchdog said on Tuesday. The scathing report by Environment Commissioner Julie Gelfand will add to the political challenges faced …

Canada ill-placed to ensure safety of Arctic shipping: watchdog

Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Canada, said Environment Commissioner Julie Gelfand, had "no long-term national vision" to cope with more shipping in the region, where firms are trying to …

EU abandons 'dirty' label for tar sands oil

A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude to Europe …

Japan nuclear restart to hit oil usage hardest -survey

Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut ageing oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning …

Seeking to reduce oil dependence, Netanyahu awards cash prize to solar-power innovators

Prime Minister Benjamin Netanyahu is awarding a $1 million prize to a Swiss-American research duo for their breakthrough work in converting solar energy into electricity capable of powering transportation. Prof. Michael Grätzel of the École Polytechnique Fédérale de Lausanne in Switzerland and Prof. Thomas Meyer of the University of North …

Indian petroleum and natural gas statistics 2013-14

The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in the current …

Reduction of GHG emissions and attainment of energy security through sustainable production of biofuels: is it a viable option?

Depletion of fossil fuels at an alarming rate coupled with ever growing challenges due to anthropogenic induced climate change stress has attracted increasing attention to blending bio-fuels worldwide. India's primary energy use is projected to expand massively to deliver a sustained GDP growth rate of 9per cent through 2031-32. With …

Indigenous communities and how ESG issues are impacting them around the world

Irresponsible business practices can have a disproportionate impact on indigenous communities, many of which continue to suffer from political and economic marginalization. This report highlights some of the environmental, social and governance (ESG) risks businesses face in their encounters with indigenous communities. This report looks at six countries where indigenous …

Climate change fears spur divestment on fossil fuels

In the run-up to a United Nations summit this week aimed at combating climate change, a small but growing number of multimillion-dollar investors are demanding more aggressive steps to wean countries from fossil-fuel consumption. The fledgling movement to divest shares tied to fossil fuels, which started at a handful of …

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