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 …
Energy plays a vital role in the development of any economy and given its unequal distribution trade in energy, especially fossil fuels, is an important component of international trade. In the past, due to its public good characteristics, energy-related services were mostly supplied by the government. With liberalization and globalization …
The Ministry of Petroleum & Natural Gas is entrusted with the responsibility of exploration and production of oil and natural gas (including import of liquefied Natural Gas), their refining, distribution and marketing. The Indian oil sector can be divided into three sub-sectors: Oil and Gas Exploration & Production; Oil Refining; …
The Caspian region is one of the oldest hydrocarbon producing areas in the world, and is emerging once again as a major source of growth in global oil and gas supply. In the IEA
A group of Western oil companies signed an agreement with the Kazakhstan government resolving a long-running dispute over one of the world's largest oil fields. For months, the Kashagan field in the Caspian Sea has been the focus of a standoff between the Kazakh authorities and a group of companies …
This paper attempts to identify the main trends in bilateral mineral fuel and oil trade between India and Singapore. It focuses on the last five years (2003-2007) with the specific objective of identifying the leading commodities being traded on either side at a disaggregated level and the market determinants of …
Strong economic and political motives, combined with a partly positive and partly silent NGO community have contributed greatly to the present strong commitment towards the use of CCS in Norway. Overall, the strength of this commitment has had a negative effect on efforts to reduce the GHG emissions in sectors …
This report of the standing committee on petroleum and natural gas deals with the action taken by the Government on the recommendations contained in the 17th report (14th Lok Sabha) of the standing committee on petroleum & natural gas (2007-2008) on
Recent efforts to raise fuel efficiency for automobiles in the United States is a welcome first step for reducing carbon emissions from the transport sector. Schipper also suggests that fuel efficiency is not the only step that should be stimulated by national or local policies. Measures that reduce or even …
The Prime Minister has constituted a high powered committee under the chairmanship of Shri B K Chaturvedi, Member, Planning Commission, to examine the financial position of oil companies. The terms of reference of the committee will be: to examine the impact of the increase in oil prices between 2004-05 and …
This paper proposes to test the global hybrid computable general equilibrium model IMACLIM-R against macroeconomic data. To do so, it compares the modeled and observed responses of the Indian economy to the rise of oil price during the 2003-2006 period. The objective is twofold: first, to disentangle the various mechanisms …
Opec pushed its oil production to the highest level in its 48-year history last month, even as demand was slipping in the US and Eur-ope, the International Energy Agency (IEA) said yesterday. The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 …
The effluent and emission standards for oil refineries were notified under Environment (Protection) Act in the years 1986 and 1990, respectively. These standards were same for old & new refineries and considered only few parameters. There was need to include additional parameters viz. Oxides of Nitrogen (NOx), Volatile Organic Compounds …
Finally it boils down to whether rating firms took a life-cycle approach while rating India Inc or did they think easy money and high demand were here to stay. D R DOGRA, Deputy Managing Director, CARE "In a situation where demand is slowing while costs are rising, credit rating firms …
Iraq on Monday invited foreign companies to bid for contracts developing eight of its oil and gas fields, launching a process that will let big international oil companies back into the country for the first time in more than 30 years. Hussein Shahristani, oil minister, said the six oilfields being …
The Annual Energy Outlook 2008 (AEO2008) presents projections and analysis of US energy supply, demand, and prices through 2030. The projections are based on results from the Energy Information Administration's National Energy Modeling System. The AEO2008 includes the reference case, additional cases examining energy markets, and complete documentation.
The defining feature of global energy markets remains high and volatile prices, reflecting a tight balance of supply and demand. This has put issues such as energy security, energy trade and fossil alternative energies at the forefront of the political agenda worldwide. The BP Statistical Review of World Energy 2008 …
Japan will step up its efforts to produce cheaper biofuels by 2015 to ensure energy security amid rising oil prices, industry ministry officials said Wednesday. A ministry panel recommended the same day that Japan be able to produce at least 100,000 to 200,000 kiloliters of biofuels annually from grass plants …
Nicaraguan President Daniel Ortega has called on his cabinet to devise a plan for nationalizing oil imports. The move follows a series of clashes between the government and Exxon Mobil subsidiary Esso Standard Oil, which handles most of the crude oil imports and refining in the country. The dispute is …
The us president, George W Bush, signed a new energy law on December 19. It intends to reduce reliance on oil imports and sets higher fuel efficiency standards for the first time since 1975. The law, the Energy Independence and Security Act, also requires a huge increase in the production …
