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 …

Govt rejects panel's idea on oil subsidy sharing

Ajay Modi & Jyoti Mukul / New Delhi August 9, 2010, 0:40 ISTThe petroleum ministry has rejected the crude oil matrix-based subsidy-sharing formula for Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), as suggested by the expert committee headed by Kirit Parikh. The ministry, however, wants to …

India energy handbook 2011

PSI Media Inc presents the India energy handbook 2011 to identify business opportunities and track the progress of projects in rapidly growing markets for technologies that minimize pollutant emissions associated with the use of fossil fuels. These technologies include renewables and nuclear power, which displace traditional primary-energy resources.

Key world energy statistics 2010

This 2010 edition of Key World Energy Statistics by IEA consists of global data up to 2008 and when available up to 2009, for energy production, trade, transformation and consumption, CO2 emissions from fuel combustion and energy prices. What countries in the world are the largest energy producers by fuel? …

New paradigm in energy security in India

Global energy consumption has nearly doubled in the past few decades, and this increase has been driven by population growth, rising living standards, invention of energy-dependent technologies and consumerism. Energy security is a key global challenge - one which will require global perspectives, global thinking, global solutions, and innovation of …

Oil ministry wants govt to shoulder 66% of subsidy

Gireesh Chandra Prasad New Delhi: After deregulating petrol price, the government is now rejigging the formula for apportioning subsidy burden. As per a petroleum ministry proposal under North Block

A hungry giant goes shopping

China is using the crisis in the West to secure natural resources around the globe Andreas Sieren & Frank Sieren / July 22, 2010, 0:49 IST They can be patient, Beijing

Petrol price review every month

Government-controlled oil marketing companies (OMCs) today decided to review retail prices of petrol on a monthly basis. However, the date for the next price review and the mechanism to fix the price are yet to be finalised. The three OMCs also agreed to maintain a uniform price of the fuel …

News 360 ° - Briefs

US $1 TRILLION WORTH OF MINERALS Afghanistan is suddenly richThe Pentagon recently announced that Afghanistan is sitting on mineral wealth worth US $1 trillion—about 1,000 times the government’s annual revenue. The untapped mineral deposits, including iron, copper, cobalt, gold and lithium, a key raw material for laptop, cell phone and …

OMCs' petrol pricing strategy after July 15

The petrol pricing strategy of oil marketing companies (OMCs) is likely to be clear in the second fortnight of this month. The oil companies have been consulting each other to decide the periodicity of petrol price revision. Petroleum Secretary S Sundareshan said the OMCs were having consultations to decide the …

China studies neighbours' resources

China is forging ahead with studies of resource reserves and acquisition possibilities in neighbouring countries, in part spurred by repeated failures to gain a say in iron ore pricing negotiations, state media reported.

Chennai-Bangalore oil pipeline launched

A pipeline commissioned on Friday at the Indian Oil Corporation (IOC) terminal in Devanagonthi near Hosakote to bring petroleum products from Chennai to Bangalore might help meet the City

Towards a new national energy policy: assessing options that can succeed - Press Release

Press Release by Resources for the Future & the National Energy Policy Institute (NEPI) on comprehensive economic analysis of more than 35 available policy options for reducing U.S. oil consumption & curbing carbon dioxide emissions through 2030. The study shows that policymakers currently have multiple tools in their arsenal for …

Spills and omissions

Footage>> Pollution • Ecuador/USA Nearly 200 filmmakers from all over the world have signed a petition protesting an American court’s strictures against the director of the critically-acclaimed documentary, Crude: The Real Price of Oil . On May 15 a New York court ordered director Joe Berlinger to hand over unused …

Dig Baby Dig

Even bad times have their uses sometimes. One of the positive fallouts of the recent oil price rise was its impact on oil exploration. The oil industry has been trying hard for a while to get oil from the deep ocean. But the procedure was expensive, not to speak of …

Euro crisis cools oil, eases subsidy burden in India

Noor Mohammad New Delhi: While the euro zone debt crisis is a looming threat to the global economy, it has brought some cheer to policymakers here. Global crude prices have fallen by $15 a barrel thanks to the European turmoil, a development which stands the Indian government in good stead …

Sustainable energy security: strategic risks and opportunities for business

This latest report produced by Lloyd's & Chatham House outlines key trends affecting global energy supplies over the next 10 - 20 years, identifying risks associated with both resource constraints and transition to a lower carbon economy. This report outlines the key trends affecting global energy supplies over the next …

Viking weather

As Greenland returns to the warm climate that allowed Vikings to colonize it in the Middle Ages, its isolated and dependent people dream of greener fields and pastures

Statistical review of world energy 2010

For 59 years, the BP Statistical Review of World Energy has provided high-quality, objective and globally consistent data on world energy markets. The review is one of the most widely respected and authoritative publications in the field of energy economics, used for reference by the media, academia, world governments and …

Nigeria, China strike refinery deal

Nigeria and China signed a tentative deal to build three oil refineries in the West African state at a cost of $23 billion, strengthening the countries' energy partnership. Nigeria, Africa's most populous country and one of its top oil producers, has been eager to boost gasoline supply and overhaul its …

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