A Bill that seeks to amend the existing law governing exploration and production of oil and gas as well as delink petroleum operations from mining operations was passed by the Lok Sabha on Wednesday (March 12, 2025). The Oilfields (Regulation and Development) Amendment Bill, 2024, is aimed at boosting investment …
The head of BP Plc's Americas business said on Thursday the United States could sharply reduce its carbon dioxide emissions by expanding its use of natural gas over fuels such as coal. "Natural gas has the greatest potential to provide the largest carbon reductions at the lowest cost using technology …
A group of 500 businesses and nonprofit executives on Tuesday urged global governments to take action on climate change, saying failure to do so would result in catastrophe for the planet and global markets. "If there is no global agreement then we will lose valuable time and opportunity to ... …
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
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 …
