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 …
State-run Hindustan Petroleum Corporation Limited on Thursday warned that it would be forced to resort to curtailment of supplies to retail outlets if fuel prices were not raised immediately. It said it was running out of cash due to high under-recoveries. Addressing a press conference here, HPCL chairman Arun Balakrishnan …
Sanjay Jog The petroleum ministry has made a strong pitch for developing India as a refining hub. The sub-group on refining for formulation of the 11th Plan has assessed the supply-demand positions of petroleum products in the country up to 2011-12, along with prospects of product exports and projected a …
by Daniel Howden Denmark is to launch an effort to calm the scramble for the Arctic, bringing together the five coastal nations competing for what are believed to be the largest unclaimed reserves of oil and gas left on the planet. The gathering in Greenland begins in the shadow of …
RIL To Kickstart Spot Crude Market With Indicative Benchmarked Price ENERGY major Reliance Industries (RIL), which is set to kick off the first spot crude oil market in the country, will be inviting price quotes from oil refining companies shortly. This would also set the first benchmark for market-driven prices …
The same old "package' of reduction in taxes and duties, issuance of oil bonds and higher subsidy sharing by the upstream oil companies will not work this time around. Only increasing the retail prices of petroleum products will. Will the Government go the extra mile? Raghuvir Srinivasan Advertisement The Government's …
What are oil reserves? Technically a country's oil reserves are the estimated quantity of crude oil that can be produced under the present operating conditions. Because of the different reservoir characteristics and limitations in petroleum production technology, only a fraction of the total stored oil can be extracted for economic …
This is the conclusion of a two-part series on the global oil scenario and ONGC. The first part was published on May 6 In India, oil production grew by 6% in the last five years up to 2006-07. It was during the second half of 1994-95 that ONGC's medium-sized fields
Crude oil prices on Friday hit a fresh record high of almost $128 a barrel boosted by a bullish forecast from Goldman Sachs and as US President George W. Bush asked Saudi Arabia, the world's largest oil producer, for help to lower skyrocketing energy prices. Bush, on his second visit …
Black gold might not be as scarce as we thought. This week oil prices escalated to a record $139 per barrel, but that may partly be because the amount of available oil in known reserves has been significantly underestimated. So says Richard Pike, a former oil-industry adviser and chief executive …
Mangalore Refinery and Petrochemicals Limited (MRPL) will invest Rs. 8,000 crore in the next three years to expand the capacity of its present refinery at Mangalore from 9.69 million tonnes to 15 million tonnes, R. Rajamani, Managing Director, said here on Thursday. Environment clearance Mr. Rajamani said the company had …
The Hinduja group plans to go ahead with Rs 25,600-crore refinery at Kakinada even if its indecisive project partner Oil and Natural Gas Corporation (ONGC) opts out. "We have given in writing to the Andhra Pradesh chief minister that we are keen to set up the project, with or without …
After the UK-based Hinduja group, Oil and Natural Gas Corporation's (ONGC) proposed Rs 26,500-crore refinery at Kakinada, Andhra Pradesh, has found new suitors in Reliance Industries (RIL) and Essar Oil. This is despite ONGC maintaining its stand that the refinery is not financially feasible unless the Andhra Pradesh government gives …
CPC Corporation of Taiwan, the state-owned oil company, said yesterday it hoped to resume joint oil exploration soon with China National Offshore Oil Corporation (CNOOC) in the Taiwan Strait, which divides the self-governing island from the Chinese mainland. The plan reflects hopes that a warmer political climate between Beijing and …
The All Assam Students' Union (AASU) today despatched a memorandum to the Union Minister of Petroleum and the chairman, Indian Oil Corporation urging them to take urgent action to retain the identity of Assam Oil Division, Digboi Refinery of the Indian Oil Corporation Limited, keeping in view the interest of …
For eight successive years - between 1999-2000 and 2006-07 - the port at Visakhapatanam occupied the number one slot among the twelve major ports in the country. In 2007-08, it lost that position to Kandla. Against Visakhapatanam's 64.59 million tonnes, Kandla managed to handle a little more at 64.89 million …
Close on the heels of President George W Bush's remarks linking Indians' food habits to rising global prices of commodities, the United States has now partly attributed the surge in oil futures to the increased demand in India and China. "There are a lot of different ways that we can …
In what could open new doors towards development, Russia is keen to invest in areas like oil and gas, tourism, power and infrastructure development in Assam. Russian ambassador to India, Vyacheslav Trubnikov, disclosed this to Chief Minister Tarun Gogoi at a meeting attended by senior officials of the Government of …
Public sector ONGC on Saturday said it has achieved highest reserve accretion of the decade and would invest Rs 3,570.6 crore for maintaining, revamping and enhancing its oil and gas production from existing fields. The board of the company has approved investment proposals aggregating Rs 3,570.6 crore for maintaining, revamping …
ONGC's proposal to assign a 25% participating interest in its Mahanadi basin deep water block, MN-DWN2002/2,to BG Exploration and Production India Ltd (BGEPIL) has been recommended for approval of the petroleum ministry by the Directorate General of Hydrocarbons(DGH). The proposed assignment of participating interest (PI) to BGEPIL is part of …
President Bush yesterday accused the Democratic-led Congress of blocking his proposals to deal with rising gas prices and dragging its feet on measures to address the sagging economy. He said he was "open to any ideas," including a proposal backed by presidential contenders John McCain and Hillary Clinton to suspend …
