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 …
The Obama administration has proposed doubling fuel efficiency standards to 54.5 miles per gallon by 2025 to save motorists money at the pump and limit air pollution. The plan is supported by environmental groups and by the auto industry, which estimates the changes will cost it $157bn, but they have …
With the timing, and perhaps the future, of the Keystone XL pipeline project from Canada’s oil sands to the Gulf Coast now uncertain, two alternatives to the hotly contested project have begun emerging. Seaway Crude Pipeline's pump station in Freeport, Tex. Enbridge, of Canada, bought a 50 percent stake in …
The U.S. government on Thursday delayed approval of a Canada-to-Texas oil pipeline until after the 2012 U.S. election, bowing to pressure from environmentalists and sparing President Barack Obama a damaging split with liberal voters he may need to win reelection. The decision to explore a new route for TransCanada Corp's …
Anglo-Dutch energy major Shell said on Sunday it was containing a new oil spill in Nigeria's onshore delta, the latest in a string of leaks from the company's pipelines, which it has blamed on sabotage attacks and oil theft. The spill came from part of Shell's Okordia/Rumuekpe oil pipeline in …
Nebraska lawmakers on Thursday offered two more proposals to regulate the Keystone XL oil pipeline, one to force a change in the route and another to set up a $500 million indemnity fund. The proposals completed the filing of draft laws during a special session of the state legislature, bringing …
The White House has put itself squarely in the middle of a fight over a planned pipeline that promises much-needed jobs in a weak economy but upsets President Barack Obama's environmental base. White House Press Secretary Jay Carney said Wednesday about the Keystone XL pipeline, "You can expect that the …
A working group on petroleum & natural gas sector for the 12th Fiver Year Plan (2012-17) has been constituted by the Planning Commission with participants from different departments of Government of India, energy experts and concerned public & private sector oil companies. The working group report reviews the achievements of …
The IEA’s annual flagship publication, the “World Energy Outlook 2011,” stresses that increasing investments in high-carbon infrastructure are making the 2°C international climate change goal more challenging and expensive to meet. The report, which looks at three energy scenarios to 2035, warns that, “Without a bold change of policy direction, …
With a federal decision anticipated soon on whether an oil pipeline will be allowed to run from Canada through the nation’s midsection, lawmakers in Nebraska are being summoned on Tuesday to an unexpected legislative session over the issue, which has stirred up a level of rancor that few had predicted. …
New Delhi Citing threats to habitation, the Centre on Friday refused clearance to Chennai Petroleum Corporation’s R126-crore plan to lay a crude oil pipeline to its refinery at Manali in Tamil Nadu. The Union environment ministry, however, advised the company to suggest ‘‘an alternative route’’ and a fresh proposal along …
Chennai Petroleum Corporation Ltd's (CPCL)'s plan to replace the existing crude pipeline from Chennai Port to its refinery in Manali with a bigger pipe has hit a roadblock. The Environment Ministry has refused the Coastal Regulatory Zone (CRZ) clearance to CPCL's crude pipeline project, citing threat to habitation. CPCL proposes …
Citing threats to habitation, the Centre on Friday refused clearance to Chennai Petroleum Corporation Ltd’s Rs 126 crore plan to lay a new crude oil pipeline to its refinery at Manali in Tamil Nadu. The Union Environment Ministry, however, advised the company to suggest “an alternative route” and a fresh …
The top U.S. environmental regulator on Thursday said her agency would soon comment on the proposed $7 billion Canada-to-Texas Keystone XL oil sands pipeline, adding she was concerned about emissions and potential leaks that could result from the project. "We have comments we are just about completing on the current …
The European Commission's plans to class fuel from oil sands, including Canada's, as highly polluting are based on science and it will proceed with talks with EU member states to implement the measure, its climate commissioner said on Thursday. Canada, which has huge deposits of the unconventional crude oil, has …
Canada warned on Sunday it will "defend its interests" if the European Union (EU) goes through with a proposal to rank Canadian oil sands as a highly polluting fuel. In a letter to EU Energy Commissioner Guenther Oettinger, Canadian Natural Resources Minister Joe Oliver also said the European Commission's Fuel …
Britain has been blamed by environmentalists for seeking to delay attempts by the European Union to penalise oil derived from tar sands. This month the European Commission decided that it would classify such oil as being nearly a quarter more polluting than conventional crude. In order to import such oil, …
Exxon Mobil Corp., BP PLC and Eni SpA will spend around $100 billion to upgrade three oil fields in southern Iraq, an Iraqi official said. Thamer Ghadhban, the top energy adviser to Iraq's prime minister, said about $50 billion would be spent to upgrade the big West Qurna Phase 1 …
Salvage teams pumped oil on Monday from a stricken container ship off the New Zealand coast, ahead of bad weather which could split the vessel into two and spew more oil onto beaches. The Liberian-flagged Rena has been stuck for 12 days on a reef 14 miles off Tauranga on …
U.S. lawmakers will urge Secretary of State Hillary Clinton on Friday to reject the proposed route of the Keystone XL oil sands pipeline, saying they are concerned the approval process has been tainted by alleged conflicts of interest. Representative Earl Blumenauer, a Democrat, will send a letter to Clinton, signed …
New Delhi Despite Chinese objections to India's deals with Vietnam for oil exploration in the South China Sea, which Beijing claims in full, India and Vietnam on Wednesday sealed an oil exploration accord in the Vietnamese waters of the sea. At the end of talks between Prime Minister Manmohan Singh …
