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 …
Iran’s North Drilling Company says the country launched its first exploration robot in the Caspian Sea’s Sardar-e Jangal gas field last year to take offshore drilling operations to a depth of 800-1,000 meters. The company’s Managing Director, Hedayatollah Khademi, said on Monday that Iran has become the first country in …
Management panel to mull integrated survey plan this week. The oil ministry has called a crucial meeting of administrators of the KG-D6 block to deliberate upon Reliance Industries’ plan to survey the entire deep-sea region, instead of a piecemeal approach, to accelerate joint development of 16 untapped discoveries and reverse …
New Delhi After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya) fields …
Oil giant Shell last week overcame the last major legal obstacle to its plans in the Arctic Ocean this summer. On Wednesday, the US Department of the Interior (DoI) approved the firm's oil spill response plan, effectively granting permission for exploratory drilling in the Beaufort Sea, north of Alaska.
New Delhi: While admitting that the decision to send a special envoy to South Sudan and Sudan to broker peace between the two nations was a policy departure for India, the government said on Wednesday that this had become unavoidable not just to advance the nation’s larger strategic interests in …
New Delhi: Responding to the ongoing conflict between Sudan and less than oneyear-old South Sudan, India has appointed a special envoy to broker peace between the two countries that hold the key to India’s pursuit of oil and other hydrocarbon resources in Africa. The foreign ministry’s decision to send a …
The Comptroller and Auditor General of India (CAG) has pulled up the Gujarat government-run Gujarat State Petroleum Corporation (GSPC) for financial irregularities and undue favour to select companies such as Reliance Industries Ltd and Adani Enterprises Ltd. According to its report for the year ended March 2010-11, GSPC incurred losses …
India’s state-run Oil & Natural Gas Corporation (ONGC) has joined hands with ConocoPhillips for exploration and development of 19 deepwater oil and gas blocks. The two companies would also be collaborating in shale-gas exploration. ConocoPhillips is the third-largest integrated energy company in the US and the fifth-largest refiner in the …
State-owned ONGC cornered six blocks - four as operator and two as minority partner - out of the 16 areas that the government awarded for oil and gas exploration, but saw its bids rejected for eight areas, including five deep-sea blocks. Contracts for 16 out of the 33 oil and …
Environmental groups are asking a state court to force Wyoming to provide a more complete list of chemicals used in hydraulic fracturing, or fracking, a drilling technique vital to natural gas and oil production in the state. Wyoming in 2010 became the first state to require disclosure of chemicals that …
Terming the South China Sea as a disputed region, China has warned India to refrain from undertaking oil exploration in the resource-rich Vietnamese blocks in order to ensure "peace and stability" in the area. "The area is disputed one. So we do not think that it would be good for …
The US may impose tough economic sanctions on India for continuing to import crude oil from Iran. On Tuesday, US Secretary of State Hillary Rodham Clinton exempted 11 nations from US sanctions on Iran because they have “significantly reduced” their oil imports from the West Asian nation. India was pointedly …
SINGAPORE: Oil prices rose in Asian trade today after the US and Britain denied reports that the two countries had agreed to release strategic reserves of crude, analysts said. New York's main contract, light sweet crude for delivery in April up 36 cents to USD 105.47 while Brent North Sea …
An Ohio state agency said on Friday there is evidence that the high-pressure injection of fluid underground related to fracking caused a series of Ohio earthquakes culminating in a New Year's Eve tremor in any area not known for seismic activity. The Ohio Department of Natural Resources, which overseas the …
British oil firm Soco International said on Thursday it has been given permission to carry out aerial surveys of a Congolese oil block where exploration was suspended last year due to concerns over environmental damage. Soco has rights to Block 5 but exploration has been halted as the block sits …
The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in this publication …
NEW DELHI: Oil minister S Jaipal Reddy on Monday joined issue with Barack Obama to debunk the US president's argument that demand from India and China was pushing up world oil prices, even as he denied any pressure to stop buying crude from Iran. "India is currently world's fourth largest …
MUMBAI: Oil, which touched $124 a barrel mark on Friday, appears set to touch a new record and breach the $150 mark on mounting Iran crisis. Analysts feel that the government is holding back from hiking fuel prices because of the ongoing elections and a steep hike is likely next …
After the US, Its now the turn of Israel to counsel India to reduce its dependence on oil from Iran in view of the controversial nuclear programme of the Islamic republic. ''If Iran becomes nuclear, Saudi Arabia will also acquire nuclear technology from Pakistan,'' visiting Israeli Energy and Water Resources …
Fights strong objections from petroleum ministry which currently enjoys regulatory powers A panel of ministers on corruption has asked the government to create an independent regulator for oil and gas fields, brushing aside strong objections from the petroleum ministry, which currently enjoys regulatory powers. A Group of Ministers (GoM) has …
