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 …

Regional energy cooperation: accessing and developing hydrocarbon resources in South Asia

Edited Proceedings of the 11th Petro India Conference organised by India Energy Forum and Observer Research Foundation. The creation of a new 'architecture' for regional cooperation in the area of energy in general and hydrocarbons in particular will be a critical step in the process of Asia's development. This would …

Shale mining under Great Barrier Reef 'likely to be banned'

Australia's coastline mining industry undergoing a boom as rules relaxed, but Unesco site to be protected under heritage rules Mining shale oil under the Great Barrier Reef is likely to be banned by Australia's federal Labor government as tensions rise over the environmental impact of the booming oil and gas …

CCI nod to 13 power projects, 25 oil blocks

The government cleared a slew of infrastructure projects in the power and the oil and gas sectors on Monday, entailing investments to the tune of over Rs 58,000 crore. In the oil and gas sector, the Cabinet Committee on Investment (CCI) cleared 25 exploration and production blocks out of the …

Renewable energy plans face testing year

Oil-rich Gulf countries have announced some of the world’s most ambitious renewable energy plans but analysts say the next year marks a big test to show whether these pledges will turn into contracts. Both Saudi Arabia, which has announced a $109bn spending drive into solar energy, and Qatar, which aims …

India Will not Cap Oil Imports from Iran

India is unwilling to impose restrictions on its oil imports from Iran and will continue its energy ties with Tehran as long as it gets a “good deal” and logistic support, even as one national insurance company has stepped in to provide reinsurance for oil imports from Iran, staving a …

Beijing to charge people for soot emissions

Beijing could soon charge people for the pollution they cause by cooking. Authorities say they are looking at the prospect of setting a limit on lampblack, the fine soot created by cooking oil. Beijing's 2013 Clean Air Action Plan also proposes charges for dust from construction sites and volatile organic …

U.S. CO2 emissions falls to lowest level since 1994

Carbon dioxide emissions from energy consumption in the United States during 2012 fell to the lowest level since 1994, finds a new report from the U.S. Energy Information Administration, a branch of the Department of Energy. The assessment concludes that some 5.3 billion metric tons of CO2 were emitted from …

Manmohan’s big push to revive infra sectors

In an effort to re-energise the economy in a big way, the Prime Minister, Manmohan Singh, today announced a slew of measures for oil, coal and power sectors. At the same time, he also announced intention to roll back fiscal stimulus announced in 2008. Addressing the annual general meeting of …

Manmohan Singh's address at the CII National Conference

Following is the text of the Prime Minister, Dr Manmohan Singh's address at the CII National Conference and Annual General Meeting, in New Delhi on Wednesday: "I am delighted to be here today to inaugurate the CII annual meeting for 2013. I have always believed that both government and business …

Energy subsidies 'aggravate global warming': IMF

The International Monetary Fund has urged nations to slash their $US1.9 trillion ($1.8 trillion) in annual energy subsidies because they increase inequality, boost greenhouse gas emissions and limit investment in the renewable energy industry. While many nations use energy subsidies to shield consumers from rising prices, benefits tend to be …

The future of carbon capture and storage in Europe

This Communication summarizes the state of play of CCS development and identifies the barriers that have prevented the technology from progressing in Europe at the pace initially foreseen in 2007. The Communication then discusses some of the possible options to promote the timely demonstration and early deployment of CCS in …

India to unveil shale gas policy within 2 weeks-minister

India plans to unveil its shale gas policy within the next two weeks as it seeks to exploit unconventional resources to fuel its expanding economy and cut subsidies, oil minister Veerappa Moily said on Sunday. India, the world's fourth biggest oil consumer, wants to quickly tap resources to cut its …

Senate budget plan embraces Keystone XL approval

The Senate easily passed on Friday a symbolic measure approving the Canada to Texas Keystone XL oil pipeline, a move backers said showed strong support for a bill that would give Congress power to green light the project later in the year. The amendment to the budget plan, sponsored by …

Environment NGO urges authorities to save Mahul mangroves

The dumping of oil sludge at a mangrove site in Mahul, Chembur has concerned environmentalists in Mumbai. Vanashakti, an organization working to save mangroves in the city wrote to the state environment secretary and the mangrove cell earlier this month, drawing their attention to the rampant destruction. In a long …

India is the fourth largest energy consumer in the world after the United States, China, and Russia

In 2011, India was the fourth largest energy consumer in the world after the United States, China, and Russia. India's economy grew at an annual rate of approximately 7 percent since 2000 and proved relatively resilient to the 2008 global financial crisis. India was the 10th largest economy in the …

UK to give Afghanistan £10m to fund mining programme

Afghanistan has vast mineral deposits which on paper are worth trillions of dollars The UK is to fund a £10m programme to help Afghanistan exploit its huge natural resources, the prime minister has revealed. Estimates of what lies underground in Afghanistan range from $1-3tn worth of gold, gems, iron ore, …

Iran pipeline work to begin March 11

A consortium will start work next week on a much delayed $7.5 billion gas pipeline from Pakistan to Iran despite American warnings of possible sanctions, Pakistani officials said Friday. The date was announced after Pakistani President Asif Ali Zardari held talks in Tehran with Iranian counterpart Mahmoud Ahmadinejad and supreme …

Energy statistics 2013

This publication titled “Energy Statistics” is brought out every year by Central Statistics Office (CSO) and the present one is the 20th in the series. The publication contains the latest data available from the concerned line Ministries of the Government of India, in respect of different energy sources and a …

Keystone XL will have 'no impact on climate change', TransCanada boss says

Firm planning oil pipeline from western Canada to Texas targets climate change protesters' arguments on emissions The company that wants to build a controversial oil pipeline from western Canada to Texas said on Tuesday said that shutting down the oil sands at its source would have no measurable effect on …

Over 35,000 march on Washington demanding climate action and rejection of Canada's 'carbon bomb'

Yesterday over 35,000 people rallied in Washington D.C. for urgent action on climate change, which, according to organizers, was the largest climate march in U.S. history. Activists called on the Obama Administration to do much more to tackle climate change, including rejecting the Keystone XL Pipeline, which would bring carbon-heavy …

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