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 …
ANIKET ALAM In the last week of April, India announced a us $5.4 billion credit to African countries for developing their infrastructure and meeting other development goals. This five year package also included duty free imports from 50 Least Developed Countries, of which 34 are in Africa. The government also …
Sujay Mehdudia NEW DELHI: With the Finance Ministry clearing the air on the tax breaks for oil and gas production related activity, the seventh round of the New Exploration Licensing Policy (NELP) could well evoke poor response from the international and domestic investors. While refusing to extend any further the …
Atul Aneja DUBAI: India's Oil and Natural Gas Corporation (ONGC) has discovered a new oil field in Iran, the website of Iran State television said. "India's ONGC has discovered a new oil field in the Farsi oil block of the Persian Gulf,' Mahmoud Zirakchianzadeh, the managing director of Iran's State …
THE spectacular rise in prices of crude oil and some food items may have hogged the limelight the world over, but the increase in prices of some fertilisers has left some other commodities pale in comparison. An official study on price movements of select food, energy and fertilisers shows that …
With Petroleum and Natural Gas Minister Murli Deora petitioning Prime Minister Manmohan Singh for restoration of tax breaks for producers of oil and gas, the final call on the issue is likely to be taken by the Union Cabinet. A decision is expected before June 30, the last date for …
State-owned exploration giant Oil and Natural Gas Corporation on Monday decided to exit the Rs 25,600 crore Kakinada refinery, petrochemicals and SEZ project. It will be replaced by infrastructure major GMR Group which would get 51% equity in the venture, that had also been eyed by the Hinduja group. "We …
Oil crisis is changing business practices and lifestyles High oil prices affect everybody, from the poor man to the captain of industry. In India, the government has not passed on the increase in the price of crude to consumers fully, but double-digit inflation has meant that everybody is bearing the …
Forward movement on the proposed Iran-Pakistan-India gas pipeline project has failed to enhance the UPA government's comfort level with the Left parties even though they have welcomed it. "It is a positive step in the right direction. We appreciate the talks India had with Iran on Sunday. The government should …
Andrew England & Carola Hoyos Saudi Arabia says it will increase production by around 200,000 barrels per day in July. Saudi Arabia's decision to pump more oil than it has in nearly 30 years risks being completely negated by the sharp drop in output caused by attacks on production facilities …
Rakteem Katakey Big oil companies may be keeping away from exploring for oil in India, but guess who's keen on taking advantage of soaring oil prices? These range from realty companies to oil services company. Even a media company
Amid demands from oil consumers across the world, Saudi Arabia's King Abdullah announced on Sunday that his country had increased its output to 9.7 million barrels a day and could do more if necessary.
Jeddah: Two days after inflation figures threw up a 13-year high of 11.05%, largely attributed to the hike in fuel prices, finance minister P Chidambaram cautioned oil producers that they would also suffer in case the global economy slows down or slips into recession due to high oil prices. India, …
By PAUL KRUGMAN Blaming environmentalists for high energy prices, never mind the evidence, has been a hallmark of the Bush administration. Skip to next paragraph Paul Krugman Go to Columnist Page
Matthew Green Nigerian militants have forced Royal Dutch Shell to shut down one of Africa's biggest oilfields after launching the first attack of its kind on a giant deepwater production vessel floating more than 100 km offshore. Shell said it had shut-in production at the facility
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation (ONGC) in Kakinada in Andhra Pradesh is likely to have a new partner
Why the Saudis are worried about the high price of crude WITH oil prices nudging $140 a barrel, Saudi Arabia stands to receive a windfall this year of up to $400 billion, double what it earned from selling oil last year. Gloom at the world's petrol pumps, it may be …
It's just over a month since the US government designated the polar bear as an endangered species. Now the Fish and Wildlife Service (FWS) stands accused of giving oil companies a "blank cheque to harass polar bears".
The government is set to amend a clause of the SEZ laws to allow it to build strategic petroleum reserves totalling five million metric tonnes in the SEZ notified areas without being bound by any export obligations. The amendment would waive the requirement to export oil from its reserves to …
If the impending taxi strike was not enough, here comes another strike, which is set to hit both commuters and car owners hard. The West Bengal Petroleum Dealers Association has called a three-day strike in all the 2,000 odd petrol pumps in the state and the city from 30 June …
SIDDHARTH VARADARAJAN Two books analyse the outlook of international oil and the shifting terrain of world power UNITED STATES FOREIGN OIL POLICY SINCE WORLD WAR I
