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 Cabinet Committee on Economic Affairs (CCEA) today approved splitting of an oil and gas block falling in Assam and Nagaland into two so that exploration that previously could not be completed in Nagaland can now be taken up. A meeting of the CCEA, chaired by Prime Minister Manmohan Singh, …
The tepid response to the eighth round of the New Exploration Licensing Policy questions its overwhelming merits Bids have been received for only 36 of the 70 blocks, offered for exploration in the eighth round of the New Exploration Licensing Policy (NELP). The government remains sanguine about the response, considering …
Of the 80 blocks offered, only 44 attracted bids Bidding for the latest round of oil and coal bed methane (CBM) blocks closed today with a poor response from bidders. Government-owned Oil and Natural Gas Corporation got 14 blocks, the highest number. Officials blamed the economic downturn and the
K. Venkateshwarlu HYDERABAD: Andhra Pradesh achieved a significant breakthrough in its quest to have a pie in the Krishna-Godavari Basin when it successfully won the bid for oil and gas blocks through the eighth round of the New Exploration Licensing Policy (NELP) in the auction held in New Delhi on …
Reliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the acute shortage of rigs.
Amitav Ranjan The petroleum ministry plans to change the royalty sharing mechanism to include direct compensation for villages and individuals who forgo their land for oil and gas production. The oil and gas producer, instead of paying the full royalty on onshore producing fields to the states, would retain 5 …
Ecuador, a member of OPEC, is willing to preserve a tropical forest with reserves of 900 million barrels of oil if rich countries pay it about $360 million a year to keep the petroleum in the ground. Under the proposal, the international community would pay Ecuador an annual fee equal …
Environmental and pro-drilling advocates pitched dueling messages about expanded offshore oil and natural gas production to the U.S. Interior Department on Monday, as the comment period on a Bush-era energy plan came to a close. The draft five-year offshore drilling proposal offered in the last days of the Bush administration …
As oil and gas companies press to tap new deposits in remote places, scientists are trying to gauge and limit the ecological impact of pipes and other structures in otherwise wild lands. Nowhere is that effort more intense than on the Arctic coastal plain of the North Slope of Alaska
The Chinese state oil giant that has a grip on Burma's biggest gas field is now venturing into neighboring Bangladesh, a move which may stifle long-running conflict over territorial waters in the Bay of Bengal. The China National Petroleum Corporation (CNPC) is reportedly about to sign an agreement with Bangladesh's …
JAIPUR: The Rajasthan Government is going to vigorously pursue the demand for setting up a well-head refinery at Barmer where Prime Minister Manmohan Singh this past weekend dedicated to the nation the Mangala oilfields. Mangala, discovered by Cairn India in 2004, along with oilfields Bhagyam and Aishwariya in RJ-ON-90/1 off …
BP announced on Wednesday the discovery of what it characterized as a giant oil field several miles under the Gulf of Mexico, but it may take years to assess how much crude can actually be recovered. The discovery should have no immediate effect on world oil or gasoline prices because …
Oil in the Bangtar area under Samdrupjongkhar dzongkhag, copper, gold and silver in the black mountain area of central Bhutan and tungsten in Sarpang are the potential minerals an American businessman J Matthew Fifield has offered to prospect for and, if found viable, then extract them. He has also proposed …
NEW DELHI: All set to kick off formal crude oil production from its fields in Rajasthan, Cairn India on Wednesday announced that along with its partner Oil and Natural Gas Corporation (ONGC), it will invest nearly $1.5-1.8 billion more in the prolific oil fields over the next two years. The …
HYDERABAD: The stage is being set for Andhra Pradesh government to enter into oil and gas exploration and production (E&P;) business. Clearing the decks for floating a new corporation on the lines of the Gujarat State Petroleum Corporation from its side, the AP Industrial Infrastructure Corporation on Tuesday formally decided …
