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 …
Afghanistan's cabinet cleared the way for the war-torn state to sign a deal with China National Petroleum Corp (CNPC) for the development of oil blocks in the Amu Darya basin, the Afghan president's office said on Monday. The deal covering drilling and a refinery in the northern provinces of Sar-e …
The U.S. Coast Guard was investigating a 13,000-gallon spill from an oil rig leased to Shell, operating about 26 miles southeast of last year's BP Plc Macondo oil well disaster, a Coast Guard spokesman said on Monday. The spill of either drilling fluid or oil mixed with drilling fluid was …
India's fragile energy security is under severe pressure due to various reasons, including rising dependence on imported oil, regulatory uncertainty and opaque natural gas pricing policies, a Ficci-E&Y; report said. The report also said that a small pool of skilled manpower and poor upstream infrastructure are also exerting pressure.
GUWAHATI, Dec 16 – State Power Minister Pradyut Bordoloi today said that there has been a 24 per cent increase in the demand for power in the State from a time when per capita consumption was one of the lowest in the country and that Assam has initiated several initiatives …
In attempting to get quickly up to speed on the oil business for the purpose of participating in a few wells as a (very) small investor, I bought about ten books of various sorts. This is one of them, and has turned out to be the one I refer to …
Nearly 15 months after first announcing the deal, Vedanta Resources on Thursday announced the completion of its acquisition of a controlling stake in Cairn India. Vedanta has acquired 58.5 per cent in Cairn India for a total consideration of $8.67 billion, the third-largest acquisition ever by an Indian enterprise globally. …
Brazilian prosecutors are probing the possible involvement of state-led oil company Petrobras in a November offshore oil spill in a field operated by Chevron, the No. 2 U.S. oil company, the Estado de S. Paulo newspaper reported on its Web site. At least one Petrobras employee was believed to be …
The oil ministry has asked Reliance Industries (RIL) to prepare a fresh estimate of gas reserves in satellite fields of the KG-D6 block and submit a cost assessment for developing the new discoveries, further delaying the $1.5-billion plan to raise gas output by 10 million cubic metres a day. The …
Reliance Industries (RIL) has told the government that already declining production at its trophy asset, the D6 block in offshore Andhra Pradesh, could plummet drastically if its investment plans are not approved forthwith. Senior RIL officials led by Chairman Mukesh Ambani have met Prime Minister Manmohan Singh and Finance Minister …
The Brazilian government has ordered Chevron to shut one of its 11 production wells in an important offshore field where the company suffered an oil leak last month. Chevron said the decision by the Brazilian regulator, the National Petroleum Agency, followed a safety audit last week of its Frade offshore …
Ecuador's Yasuni-ITT initiative, a pilot project to protect the climate and the rainforest has failed miserably. How might international agreements on environmental protection be achieved in the future?
US sourcing oil only from the west in eight years will leave sufficient energy for the rest of the world There is growing euphoria over America’s energy future. Energy experts around the globe have been claiming that the US will gain energy independence in the next eight years. Optimists have …
Chevron’s top official in Brazil has apologised to lawmakers for the oil spill off Rio de Janeiro state which could jeopardise its access to a huge new offshore oil field. “I sincerely apologise to the Brazilian people and government,” Mr George Buck, President of Chevron’s subsidiary in Brazil, told the …
Days after India and China discussed the issue of oil exploration in the South China Sea, Beijing today warned that it did not want foreign companies and outside powers to engage in activities in the disputed waters, saying such acts undermine its sovereignty. Oil exploration activities by India's ONGC Videsh …
U.S. oil company Chevron promised to fully clean-up a spill off Brazil's coast, the CEO of the local subsidiary, George Buck, said on Sunday, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers. The leak from the undersea well, owned …
The cut of . 2.22/L in petrol prices is bigger than the . 1.82/L hike less than 2 weeks ago Petrol prices have fallen . 2.22 a litre in Delhi as state oil firms cut rates for the first time in 33 months citing favourable trends in the international market, …
Reliance Industries and its partner BP have proposed that the infrastructure at the deep-sea D6 gas fields can be shared with neighbouring blocks of ONGC and GSPC to save development costs and raise government’s revenue from new output from the gasrich block. The oil ministry officials and experts in the …
Protests by fishermen against drilling by the Gujarat State Petroleum Corporation (GSPC) in the Krishna-Godavari basin, off the coast of Kakinada, has put the Gujarat-based company in a spot. About 10,000 fishermen in 500-odd boats have been coming daily since Monday to the GSPC rig and demanding that they stop …
Bureaucratic apathy holds up any possible increase in oil and gas production State-run oil companies appear caught between the devil and the deep blue sea —while rising price of crude and fuel price revisions threaten to render them bankrupt, bureaucratic apathy is holding up any possible increase in oil and …
Arctic Sea could be ice free by the summer of 2015, a leading ocean expert in Britain has claimed. According to Prof Peter Wadhams of Cambridge University, the ice that forms over the Arctic sea is shrinking so rapidly that it may vanish altogether in four years' time, destroying the …
