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 prices rallied more than $3 a barrel on Wednesday, recovering all the losses triggered by last week’s decision by rich consuming nations to release strategic oil stocks. Brent crude, the global benchmark, jumped to a peak of $112.48 a barrel, the highest since last Thursday, when the International Energy …
Many traders and hedge funds are nursing losses after a whiplash reversal in one of the biggest commodity trading trends of the year – a bet on a widening spread between different types of crude oil. Traders say the unexpected release of the Western countries’ petroleum strategic stocks last week …
The U.S. Environmental Protection Agency raised new concerns about TransCanada Corp's proposed $7 billion Keystone XL pipeline that would bring oil sands crude from Canada to refineries in Texas. In a letter to the State Department, the EPA cited two small leaks on an existing Keystone line last month as …
TransCanada Corp's 591,000 barrel-per-day (bpd) capacity Keystone pipeline resumed shipping crude oil, one week after being shut by a leak at a Kansas pumping station, the Calgary-based company said in a statement. The restart comes a day after the U.S. Pipeline and Hazardous Materials Safety Administration said TransCanada could restart …
This paper estimates the impact of the high food prices of 2010 on income poverty and the achievement of MDG 1 in Asia and the Pacific. It also estimates the impacts of high price during 2011 under various scenarios for the prices of food and oil. Find that although the …
Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked an appeals panel on Tuesday to modify a court order that halted enforcement of an $8.6 billion award against the oil company. The lawyers told the Court of Appeals for the 2nd Circuit in …
BP Plc's $85 million settlement with the U.S. Department of Justice for oil spills in Alaska in 2006 suggests the government will push for higher than expected fines for the Gulf of Mexico blowout. Legal experts said the size of a $25 million penalty levied as part of the deal, …
With Americans upset about rising gasoline prices, Republicans in Congress aim to fix the blame on one person when they return next week from recess: President Barack Obama. Congress wrapped up its last work session on April 15 with Democrats and Republicans in a blistering debate about budget deficits and …
The publication titled “Energy Statistics 2011”, is brought out every year by Central Statistics Office (CSO) and the present one is 18th in the series. The publication contains the latest data available in respect of different energy sources, with different agencies/ organizations and a brief analysis of the data on …
In the last quarter of the 19th century, Assam’s oilfields became part of the larger global petroleum economy and thus played a key role in the British imperial economy. After decolonisation, the oilfields not only turned out to be the subject of intense competition in a regional economy, they also …
The UK government issued a press release confirming BP had contravened human rights regulations in relation to the controversial Baku-Tbilisi-Ceyhan oil pipeline from Azerbaijan to the Turkish coast. The announcement came after a long campaign by pressure groups for BP to be held to account for failing to investigate and …
WHEN in the Arctic, you should at least treat your host well. Royal Dutch Shell, an oil giant, had to learn this the hard way when planning to drill exploration wells in the Beaufort Sea off Alaska a couple of years ago. The firm had spent $84m on offshore leases …
On 1 February 2011, A.K. Hazarika took over as chairman and managing director of Oil and Natural Gas Corporation (ONGC). With this move, Hazarika would be heading one of India
KARAIKAL: ONGC-Cauvery Asset has proposed to spend about Rs. 3 crore towards corporate social responsibility, as per the revised guidelines of the organisation. This was observed by its Executive Director A. Vazeerullah at the Republic Day celebrations here in Neravy frounds of Cauvery Asset . Amidst a gathering of employees …
A major fire broke out at the Indian Oil Corporation (IOC) oil storage depot in Taloja at Navi Mumbai on Monday night. It took the fire officials over six hours to douse the fire.
More than a century ago, a prominent chapter in world history was being inserted in a remote corner of Assam amidst the dense and malaria-infested jungles by a band of intrepid pioneers searching for black gold. The then Indian-based Italian engineers commissioned by the Assam Railways and Trading Company (ARTC) …
Energy is of paramount importance in the context of environment & sustainable development. Petroleum and natural gas play a major role in energy security in India. Around 80% of oil has to be imported and thereby underlines its importance.
