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 …
Bulgaria has given investors in a trans-Balkan oil pipeline aimed at transporting Russian crude through Bulgaria to Greece more time to improve their environment plans, the environment ministry said on Monday. The company which manages the 300-km Burgas-Alexandroupolis oil pipeline project has been given one more month by the end …
Before the rebellion broke out in February, Libya exported 1.3 million barrels of oil a day. While that is less than 2 percent of world supplies, only a few other countries can supply equivalent grades of the sweet crude oil that many refineries around the world depend on. The resumption …
US oil giant ConocoPhillips, already facing legal action and mounting public anger over a huge oil spill off China's northeast coast, has found nine new leaks in the same area, authorities said. The State Oceanic Administration (SOA) said on Saturday ConocoPhillips had reported the leakages near a platform in Bohai …
Authorities arrested dozens of people on Sunday protesting outside the White House against a proposed $7 billion oil pipeline they oppose for environmental reasons. Park Police Sergeant David Schlosser said 45 activists were arrested on Sunday for "failure to obey lawful order." They were released after paying a fine, he …
The team of divers deployed to check the wreckage and assess the amount of oil spillage happening from the tanks of sunk ship MV Rak Carrier began their operation on Thursday by identifying wreckages and marking them using three markers. The divers could not get to the seabed where the …
High oil prices and weaker economic growth have “dramatically” curtailed the expansion of global oil demand, with the world registering a zero increase in June, according to the International Energy Agency. The monthly oil market report, released on Wednesday, discloses a significant cooling of demand and a modest increase in …
A mysterious orange goo that washed ashore in an Alaska village last week and sparked pollution concerns turns out to be a mass of crustacean eggs or embryos, government scientists said on Monday. Tests of a sample sent by the Alaska Department of Environmental Conservation produced the results, officials at …
The US President, Mr Barack Obama, has said that the increasing demand of oil in countries like India and China is leading to the rise in oil prices. “For decades, we’ve left our economy vulnerable to increases in the price of oil. And with the demand for oil going up …
The US is in talks with India over the issue of payment of billions of dollars in oil bills to Iran by New Delhi without being affected by American sanctions, a top State Department official has said. “We are working with the Indians to resolve the situation. There are, we …
A senior Iranian oil official said crude exports to India would continue as the two countries were about to offset debts through new accounts and barter deals to circumvent banking sanctions. Iran had earlier threatened to cut off oil exports to India, the second largest buyer of Iranian oil, which …
The House of Representatives on Tuesday approved legislation that would set a firm deadline for the Obama administration to decide the fate of a proposed $7 billion pipeline that would transport Canadian oil sands crude to the U.S. Gulf Coast. The House voted 279-147 in favor of the bill that …
Iran has threatened to block supplies of oil to India because of $5bn in unpaid fees that are blocked due to international sanctions against Iran. Indian refiners have started looking for oil sources in different markets as Iran says it will block supplies for the month of August, people familiar …
Canada will boost monitoring of pollution from its oil sands projects, hoping to speed up U.S. approval of a pipeline to transport crude to the Gulf Coast, Environment Minister Peter Kent said on Thursday. Green groups have long campaigned against developing the oil sands of northern Alberta -- the world's …
Plays Down Supply Cut Threat, Says Eco Affairs Dept Looking At Payment Issue Iran on Tuesday again threatened to cut oil supplies to India from next month if New Delhi failed to route payments to clear a pending bill of around $5 billion by that time. Agencies quotedthesemiofficial Iranian Fars …
Iran warned India it would stop supplying oil from August 1 if a payments dispute is not resolved, the semi-official Fars news agency reported, a move likely to harm the two countries` annual $12 billion trade.
BP reported yet another pipeline leak at its Alaskan oilfields, frustrating the oil giant's attempts to rebuild its reputation after the Gulf of Mexico oil spill. BP said on Monday that a pipeline at its 30,000 barrel-per-day Lisburne field, which is currently closed for maintenance, ruptured during testing and spilled …
Exxon Mobil said on Friday that a pipeline that failed two weeks ago, leaking oil into the Yellowstone River, routinely transported a heavier and more toxic form of crude than the company and federal regulators initially acknowledged. The Silvertip pipeline carries so-called tar sands crude from Alberta, Canada, as do …
Germany and Italy are expected to oppose a second release of emergency oil reserves by the International Energy Agency, which needs the backing of all 28 of its members if it is to pour more oil on a volatile crude market. The IEA is expected to confer with its member …
Exxon Mobil said it had begun preliminary work to replace the pipeline that ruptured and spilled an estimated 1,000 barrels of oil into the Yellowstone River in Montana two weeks ago. Exxon, the world's largest publicly traded oil company, said it was aiming to meet federal requirements on corrective action …
This research provides the evidence base which confirms what we have long suspected – that there are more fossil fuels listed on the world’s capital markets than we can afford to burn if we are to prevent dangerous climate change. Having satisfied that curiosity, this report marks a new phase …
