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 …
Canadian regulators are getting the power to fine companies and individuals who contravene pipeline and nuclear safety rules, the country's natural resources minister said on Friday. Under the proposed regulations, the National Energy Board and Canadian Nuclear Safety Commission will be able to fine individuals up to C$25,000 ($25,000) and …
In what was billed as the largest climate rally in U.S. history, thousands of people marched past the White House on Sunday to urge President Obama to reject a controversial pipeline and take other steps to fight climate change. Organizers, including the Sierra Club, estimated that more than 35,000 people …
U.S. President Barack Obama on Tuesday gave Congress an ultimatum on climate change: craft a plan to slash greenhouse gas emissions and adapt to the dangers of a warming world, or the White House will go it alone. "If Congress won't act soon to protect future generations, I will," Obama …
China's cabinet has issued a timetable for oil companies to deliver cleaner fuel nationwide beginning this year, the Xinhua news agency reported, but the new standards won't become mandatory for four years despite rising public anger over choking air pollution. Thick smog has blanketed many Chinese cities in recent weeks …
More than a dozen Ministers from countries around the world have released a statement calling for faster action in reducing venting, leakage, and flaring of natural gas from oil and gas operations. The participating countries, which include the UK, the US and Australia, are members of the Climate and Clean …
The energy big cities burn - mostly coal and oil to power buildings, cars and other devices - produces excess heat that can get into atmospheric currents and influence temperatures thousands of miles (km) away, a new study found. The so-called waste heat that leaks out of buildings, vehicles and …
The energy big cities burn - mostly coal and oil to power buildings, cars and other devices - produces excess heat that can get into atmospheric currents and influence temperatures thousands of miles (km) away, a new study found. The so-called waste heat that leaks out of buildings, vehicles and …
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and …
EU carbon prices briefly slid 40 percent to a record low after politicians opposed plans to support the market, raising concerns prices could hit zero and sending a warning to European governments to pull together in lowering carbon emissions. Prices in the EU's Emissions Trading Scheme (ETS) on Thursday dropped …
Environmental groups hailed President Barack Obama's warning about climate change, but said the president's words will soon be tested as he decides whether to approve the Keystone XL oil pipeline from Canada to the Gulf Coast. Obama pledged in his inaugural speech on Monday to respond to what he called …
The share of renewables in the global energy mix has increased over the past decade to more than 15 per cent but doubts remain over whether a 2030 target of 30 per cent is achievable, delegates to an international conference said on Wednesday. Fossil fuels still account for 80 per …
An Exxon Mobil pipeline spill into the Yellowstone River in 2011 would have been far less severe if the company had not delayed closing valves, a report issued on Wednesday by federal pipeline regulators said. Exxon's Silvertip pipeline, which carries 40,000 barrels per day of crude in Montana, leaked about …
The world is quickly reaching a Point of No Return for preventing the worst impacts of climate change. With total disregard for this unfolding global disaster, the fossil fuel industry is planning 14 massive coal, oil and gas projects that would produce as much new carbon dioxide (CO2) emissions in …
The outlook highlights the growing role of developing economies in global energy consumption, and the increasing share of non-fossil fuels in global energy supply. It emphasizes the importance of both improving energy efficiency and expanding energy supplies to meet the energy needs of billions of people who aspire to better …
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 …
A panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan has proposed creating a mechanism to carry out "concurrent audit" of blocks where companies have invested over $1 billion, enabling the government to keep a real-time vigil on the books of oil and gas producers. "(In cases) where …
Norway, which has led developed nations by investing billions of dollars to slow tropical deforestation, announced plans on Wednesday to step up its efforts as part of "first aid" to slow climate change. Prime Minister Jens Stoltenberg, whose country is rich thanks to offshore oil and gas, said new measures …
Global demand continues to be driven by Asian economies. India will increase its influence in coal markets thanks to large reserves Global coal demand will rise 2.6 per cent annually in the next six years and challenge oil as the top energy source, according to the International Energy Agency (IEA). …
EXPLORING REFORMS Wants cost-recovery clause removed, end to govt role in micromanaging fields, tax holiday extension The Rangarajan panel has recommended the end of the controversial system of oil firms recovering their costs from sale of oil and gas in all future contracts and suggested a transparent structure for sharing …
A universal climate change agreement is both necessary and possible — and we need to migrate to the politics of opportunity The results of the UN climate-change conference that closed in Doha, Qatar, last Saturday show once again that the international negotiations are progressing, albeit slowly. At the heart of …
