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 Senate blocked a move by Republicans to speed domestic offshore oil and natural gas drilling on Wednesday, a fresh sign of congressional gridlock on energy issues even as drivers endure gasoline prices near $4 a gallon. Republicans only got 42 of the 60 votes needed to consider a bill, …
The eight Arctic nations pledged Thursday to create international protocols to prevent and clean up offshore oil spills in areas of the region that are becoming increasingly accessible to exploration because of a changing climate. The Arctic Council
The U.S. offshore drilling regulator has approved a Royal Dutch Shell plan for deepwater oil and gas exploration in the Gulf of Mexico. Shell's exploration plan included five proposed exploratory wells more than 7,000 feet under water, as well as three previously approved wells about 72 miles from Louisiana . …
Arctic nations agreed on Thursday to improve cooperation including on preventing oil spills as a thaw of ice and snow opens access to the remote region's rich mineral and petroleum resources. The Arctic Council, comprising eight countries that surround the Arctic and representatives of indigenous Arctic peoples, signed a deal …
Leaders of Arctic nations gather in Greenland this week to chart future cooperation as global warming sets off a race for oil, mineral, fishing and shipping opportunities in the world's fragile final frontier. Secretary of State Hillary Clinton will join foreign ministers from seven other Arctic states in Greenland's tiny …
Cairn India-led Ravva JV is set to increase its production in Krishna-Godavari basin from 38,000 barrels of oil equivalent per day (BOEPD) to 54,000 BOPD after successfully drilling an offshore horizontal well, sources close to the development have said. "Drilling commenced in Ravva field in January and three wells have …
With rising gasoline prices and skyrocketing oil company profits as a backdrop, the House approved a bill on Thursday to force the Obama administration to accelerate oil lease sales in the Gulf of Mexico and off the coast of Virginia. The 266-to-149 vote, largely along party lines, was a skirmish …
The U.S. House of Representatives approved legislation on Thursday to force federal exploration lease sales off the Virginia coast and in the Gulf of Mexico that were canceled or delayed by the Obama administration following the BP oil spill. The legislation, which was pushed by Republican lawmakers, has little chance …
The Senate may vote on bills this month to promote clean energy and small nuclear reactors, Senate Majority Leader Harry Reid said on Tuesday. Congress and the White House are under pressure to fight soaring fuel costs, which are cutting into consumer spending and threatening an economic recovery. Reid acknowledged …
Shell Oil will present an ambitious proposal to the federal government this week, seeking permission to drill up to 10 exploratory oil wells beneath Alaska
Oil and Natural Gas Corporation (ONGC) on Wednesday announced two new oil and gas discoveries in Gujarat. It struck oil and gas in a well drilled in block CB-ONN-2004/2. In a statement issued here, the company said it has 50 per cent interest in the block that it had won …
Ministerial discussions between the four countries to start tomorrow. India is likely to extend the deadline for signing a gas sales and purchase agreement for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Under the gas transportation agreement, signed by the four countries, the GSPA between India and Turkmenistan had to be signed by …
The fight to stop the global oil industry exploring the pristine deep waters of the Arctic has been dubbed the new cold war, and early on April 22 it escalated as environmental activists from 12 countries occupied the world's second largest rig on its way from Turkey to Greenland to …
The Indian economy is expected to grow at a slower 8.2% in the current fiscal, down from 8.6% last year, as high oil prices coupled with monetary and fiscal tightening would have a dampening effect on demand, the Asian Development Bank (ADB) has said. The multilateral lender expects a slowdown …
High prices and concerns about energy security in the oil and gas industry are driving expansion into ever more sensitive environments with greater technological, political and social risks. While brands such as BP, Shell and ExxonMobil are well known, some 70 per cent of oil and gas industry activities are …
Repsol YPF, a Spanish-Argentine company, has a contract to explore for oil in a remote part of the Peruvian Amazon known as Lot 39. This region, in northern Peru, is home to at least two of the world’s last uncontacted tribes. Repsol currently claims there is not enough evidence to …
If energy, reforms and governance are addressed right, the Indian economy will be the largest by 2045 Given its extraordinary demographics and the unfulfilled demand for infrastructure and consumption combined with the hopes and predictions of responsible bankers such as Citibank and Goldman Sachs, India must know her strategy to …
In the last quarter of the 19th century, Assam’s oilfields became part of the larger global petroleum economy and thus played a key role in the British imperial economy. After decolonisation, the oilfields not only turned out to be the subject of intense competition in a regional economy, they also …
