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 United States and Mexico reached agreement on Monday on regulating oil and gas development along their maritime border in the Gulf of Mexico, ending years of negotiations and potentially opening more than a million acres to deepwater drilling. The agreement, if ratified by Mexican and American lawmakers, would for …
Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country’s central …
U.S. officials have approved an oil-spill plan for Royal Dutch Shell PLC as the company looks to begin drilling in the Arctic, saying Friday that Shell has demonstrated its ability to respond to potential spills in icy waters despite protests from environmental groups. The approval, granted by the U.S. Interior …
Seasoned oil market observers have struggled to find an adequate explanation for the surge in Brent prices over the past fortnight, which has taken front-month futures to the highest level since July 2011. But the conundrum becomes easier to unravel if the focus is switched from the overall crude supply …
A major crisis looms large over the world as Iran flexed its nuclear muscles on Wednesday and the US and the EU nations geared up for tougher sanctions and military solution to tame a defiant Mahmoud Ahmadinejad. The development poses a major challenge to India, which relies on substantial import …
India is expected to replace China as the world's largest soybean oil importer, the US Department of Agriculture said and projected India can become the third largest rice exporter by 2012. "India is projected to replace China as the world's largest soybean oil importer. In the projections, India's soybean oil …
SIVASAGAR, Feb 7 – Muga, or the “golden silk”, has always been the pride of Assam. Over the years, muga silk has become a unique part of Assamese culture and tradition. This Assam’s golden silk has also got recognition in the international arena. Recently, it was declared by skin specialists …
Cairn Lanka, a wholly owned subsidiary of Cairn India, has announced that it prepares to enter the second phase of oil exploration in Sri Lanka upon the successful completion of the first phase. In its "Third Quarter Financial Results for the period ended December 31, 2011" statement released Tuesday, Cairn …
NEW DELHI: As the European Union begins an oil embargo against Iran, India's payment options for Iranian oil became further constrained. The decision would kick in on July 1 virtually coinciding with the June 28 deadline for US' own financial sanctions against third countries dealing with Iran would. EU ambassador …
NEW DELHI: Even as China cuts down drastically its oil imports from Iran, which is soon likely to run into fresh sanctions from the US and the EU, India on Tuesday declared it will continue to import crude oil from the country. Brushing aside US sanctions that prevent financial institutions …
NEW DELHI: Indian refiners and oil ministry officials are meeting on Monday to discuss alternative methods to pay for Iranian oil imports should an existing mechanism via Turkey's Halkbank be halted under US sanctions against Tehran. Financial sanctions signed into law by President Barack Obama on New Year's Eve make …
JORHAT (ASSAM): The Oil and Natural Gas Corporation (ONGC) on Friday appealed to the Nagaland government and its people to help the organisation resume oil exploration in the state. Production from Champak oil field in Nagaland was 150 tons per day till its operation was stopped in 1994 due to …
BP PLC and two other companies involved in the explosion at the Deepwater Horizon drilling rig in 2010 are contesting charges that were issued by U.S. regulators in response to the ensuing oil spill, the Interior Department confirmed Friday. The firms previously indicated they would fight the charges, but the …
A 4.0 magnitude earthquake in Ohio on New Year's Eve did not occur naturally and may have been caused by high-pressure liquid injection related to oil and gas exploration and production, an expert hired by the state of Ohio said on Tuesday. Ohio's Department of Natural Resources on Sunday suspended …
A 4.0 magnitude earthquake in Ohio on New Year's Eve did not occur naturally and may have been caused by high-pressure liquid injection related to oil and gas exploration and production, an expert hired by the state of Ohio said on Tuesday. Ohio's Department of Natural Resources on Sunday suspended …
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) plans to invest $2.89 billion (about Rs 15,340 crore) in developing its ultra-deepsea UD-1 gas discovery in the Krishna Godavari basin by 2016-17. ONGC believes that UD-1 gas discovery in the southern part of its Block KGDWN-98/2 can produce for 14-15 …
Year 2011 was been a year of records for the oil business. It was a year when despite the sovereign debt tumult in Europe, the consumer “balance sheet”, recession in the US and the general economic slowdown in the BRIC countries, the price, demand, revenues and expenditures related to petroleum …
The purpose of this Petroleum Exploration and Production Policy 2012 (Policy) is to establish the policies, procedures, tax and pricing regime in respect of petroleum exploration and production (E&P;) sector.
Cairn Lanka, a wholly owned subsidiary of Cairn India, has announced that it prepares to enter the second phase of oil exploration in Sri Lanka upon the successful completion of the first phase. In a press release issued Monday, Cairn Lanka said it successfully completed the first phase of the …
