The 2025 Interconnected Disaster Risks report shifts focus from diagnosing problems to mapping out solutions. It establishes that many of today’s solutions are surface-level fixes, and that to create lasting change, we need to question the societal structures and mindsets that perpetuate these challenges. The report offers a more holistic …
The U.S. federal government on Wednesday announced a plan to manage energy drilling on part of Alaska's North Slope, with the 23-million-acre National Petroleum Reserve to be divided between areas available for oil and gas leases and those that are protected from development. The announcement by U.S. Interior Secretary Ken …
The C Rangarajan panel, which is likely to give its report on the licensing of oil and gas fields in a week, is expected to favour production-linked payment for profit-sharing between the government and oil explorers, replacing the existing system of linking it to investments. Currently, producers can decide whether …
The Prime Minister-appointed Rangarajan Committee may this week suggest sweeping changes in future oil and gas contracts by asking explorers to bid for a percentage of output they would share with the government. Sources said the panel may ask the government to move to a production-linked payment regime where explorers …
The environment ministry has simplified the procedures for granting clearances to special economic zones as it seeks to shed the anti-industry image. A recent order issued by the environment ministry states that the environmental clearance process for SEZs will now follow the system laid out for National Industrial and Manufacturing …
Block may contain over 100 million barrels of condensate or light oil and 3 trillion cubic feet of gas The government has given Reliance Industries the go-ahead to appraise its discovery in the Cauvery basin, enabling the company and its partner BP to prepare a field development plan and extend …
An expert committee has suggested that offshore farms to harness wind energy may be set up at Rameshwaram, Kanyakumari, Maharashtra, Kerala-Konkan and Gujarat, Rajya Sabha was informed today. Minister of New and Renewable Energy Farooq Abdullah said during Question Hour that his ministry had constituted an Offshore Wind Energy Steering …
With the government keen to close out the sale of the residual stakes in Bharat Aluminium Company (Balco) and Hindustan Zinc (HZL) by the end of the fiscal, the London-listed Vedanta Resources is readying the R17,000 crore it would need to pay for the equity, Vedanta Group executive chairman Anil …
The Government of India constituted this committee to look into the Production Sharing Contracts (PSCs) mechanism in petroleum industry. The exploration and production policy for hydrocarbons is a cornerstone of our energy security, since India has a large and growing demand for energy and substantial hydrocarbon reserves that remain to …
The Directorate-General of Hydrocarbons (DGH) has refused to endorse the revised field development plan of Reliance Industries Ltd. (RIL) for Dhirubhai-3 (D1&D3;) field in KG-D6 block, calling the drastic reduction in gas reserves as “unprecedented and unconvincing”. Replying to a letter by RIL’s President and COO (Business) B. Ganguly, seeking …
Sri Lanka has spent US$ 138 million so far on oil exploration with the belief of natural gas resources were available, Petroleum Resources Minister, Susil Premajayantha told Parliament today. He made this observation Monday during the committee stage of the third reading of the Budget 2013 in Parliament. The Sri …
Sri Lanka has spent US$ 138 million so far on oil exploration with the belief of natural gas resources were available, Petroleum Resources Minister, Susil Premajayantha told Parliament today. He made this observation Monday during the committee stage of the third reading of the Budget 2013 in Parliament. The Sri …
The Comptroller and Auditor General (CAG) has asked the oil ministry not to approve any more investments in Reliance Industries’s KG-D6 oil and gas block till the company submits all records of its spending in the Andhra offshore field till 2011-12 for scrutiny. In a November 9 letter to the …
Imphal: United Committee on Protection of Natural Resources, Tipaimukh has demanded that the Manipur Government and Jubilant Oil and Gas Private Limited withdraw all efforts of exploration in the area. All the MoUs signed on the issue should be declared as null, invalid and void and the government should immediately …
The government has approved Reliance Industries’ plan to start drilling for developing a new area in KG-D6, the first major decision after Veerappa Moily took charge at the oil ministry late last month. The decision is seen as a shot in the arm for exploration companies, particularly Reliance Industries that …
Will invest Rs 1,000 crore for the proj, which is to be commenced in 2015 Welspun Energy today said it will invest Rs 1,000 crore in setting up a 100 MW solar power project in Chhattisgarh. Welspun Renewables Energy Ltd (WREL), a subsidiary of Welspun Energy, has inked an MoU …
London The world's top oil and gas firms are struggling to deliver the output growth they need to outpace the burgeoning cost of exploration and development. Third-quarter results from Exxon Mobil, Royal Dutch Shell and other top international players released over the past few days mostly beat expectations thanks to …
RELIANCE SHARES GAIN Opposition slams govt for ‘shunting out AP politician under corporate pressure’ Jaipal Reddy’s removal from the oil ministry has created a political storm, with rivals of the ruling party alleging that corporate pressures orchestrated his departure while market analysts said the change may augur well for private …
New Delhi: The single biggest surprise on Sunday was easily S Jaipal Reddy’s transfer from the petroleum ministry, with many viewing it through the prism of his runins with corporate interests. Although the affable Reddy is expected to take up his new assignment at the science and technology ministry on …
Business: Holding out hope for the future of Reliance Industries’ showcase KG-D6 hydrocarbon assets and India’s mining and energy industries, the government and the company have agreed on a development plan for the block, which has seen a precipitous decline in gas output. The RIL-BP consortium can now go ahead …
While announcing its results, Cairn India had said, a ?high-value, high-risk? prospect had been identified in the Ravva field Cairn India, along with its partners Ravva Oil, Oil and Natural Gas Corporation (ONGC) and Videocon Industries, plans to invest about Rs 530 crore in new wells, which would help boost …
