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 …
If the oil leak in the Gulf of Mexico from the Deepwater Horizon rig is not stopped soon it could be the final blow to an already dying Mississippi delta, environmentalists are warning. The slick from the BP well threatening the coastlines of four southern states has highlighted decades-old concerns …
The cost to BP of the Deepwater Horizon disaster, in terms of the clean-up, compensation for the fishing and tourism industries, and possibly punitive damages, could be $10bn (
Ajay Modi / New Delhi May 3, 2010, 0:35 IST Rising losses due to sale of fuel products like petrol and diesel at government-controlled prices is not the only concern for public sector oil marketing companies (OMCs). These companies are faced with a sharply rising petrol and diesel consumption in …
Tar sands - bitumen that is extracted and upgraded to produce synthetic crude - has been heavily criticised for its poor environmental and social outcomes, locally and globally. Tar sands generates on average 3 to 5 times more greenhouse gas (GHG) emissions than conventional oil, representing a huge threat to …
Customary land rightsPalm oil firm loses to Kayans A native community in Malaysia won a 12-year legal battle against the Sarawak state government and palm oil giant ioi Pelita after the state’s apex court recognized their customary land rights. The court ruled that the government had unconstitutionally granted the native …
oil exploration Argentine veterans cry war As diplomatic tensions between the UK and Argentina escalate following oil drilling plan near the Falklands, Argentine war veterans have threatened to invade the South Atlantic archipelago controlled by the UK. A war vets’ association in Bruenos Aires demonstrated in front of the British …
Ajay Modi / New Delhi April 13, 2010, 0:42 IST The Petroleum and Natural Gas Regulatory Board (PNGRB) will resume hearing the case on petroleum product pricing between private oil companies and government oil marketing companies (OMCs). Private companies, including Reliance Industries, Essar Oil and Shell India had filed a …
The industry most often accused of being responsible for the excess carbon dioxide in our atmosphere is, strange as it may seem, desperate to buy more of the stuff. Oil companies are paying industrial plants and natural gas processing facilities to bottle their waste CO2, and are then pumping it …
A DETERMINED push by Western wildcatters and big oil companies from fast-growing Asian economies such as those of China and Malaysia may change the fortunes of several countries in remoter and trickier bits of Africa once largely ignored by foreign investors. One of the most spectacular recent finds has been …
Cancun (Mexico): India and China will account for most of the growth in demand for oil this year, which is expected to rise by 900,000 barrels per day, even as oil exporters
Growing estimates of natural gas resources, including a new category of ?unconventional? gas, suggest that accessible supplies of this least carbon-intensive of the fossil fuels may be far more abundant than previously assumed. This unexpected development creates opportunities for deploying natural gas in a variety of sectors
Publishing houses have thrived on the wickedness of oilmen and their mucky trade. About a hundred years ago Ida Tarbell’s 1904 trailblazing dissection of the business methods of John D Rockefeller led directly to the US government breaking up the Standard Oil monopoly. In recent times Lisa Margonelli took us …
The three new oil refineries will create 30 million tonnes of fresh capacity in a mar- ket which already has a major surplus capacity. On Monday, three engineering firms announced new projects that they had bagged in the past few days. Nothing uncommon at this time of the year. However, …
The government is seriously considering de-regulation of auto-fuels, which will increase the prices of petrol by Rs 6 per litre and diesel by Rs 4.06 per litre. Diesel and petrol may soon get get costlier. The government seems to be serious about bringing the oil subsidy under control this time. …
Ajay Modi & Jyoti Mukul / New Delhi March 20, 2010, 0:27 IST The government may link petrol and diesel prices to market prices in 2010-11 and introduce a graded system of subsidy-sharing, with the petroleum ministry taking the view that the Kirit Parikh committee report be made the basis …
Bharat Jhunjhunwala The burden of increase in price of oil will fall upon the urban upper and middle classes and not on the urban poor Farmers have stopped using gobar gas because LPG cylinders are available. Solar power costing about Rs 15 per unit would become profitable if electricity generated …
Ajay Modi / New Delhi March 11, 2010, 0:21 IST Even before the start of the new financial year, the spectre of rising losses during 2010-11 has begun to haunt the three state-controlled oil marketing companies that account for over 90 per cent of the country
Kalpana Pathak / Mumbai March 9, 2010, 0:51 IST The increase in the Customs duty on crude oil in the Budget is likely to impact the realisations of domestic non-government refiners, Reliance Industries and Essar Oil. Experts say RIL and Essar could take more of a hit on their refining …
