You are here

Mining a challenge today, oil imports leading into drain of foreign exchange: MNRE

By : Sustainability ..., Feb 21, 2014

New Delhi, February 20, (ANI): Joint Secretary of Ministry of New and Renewable Energy Tarun Kapoor on Thursday said that mining in India had become a challenge and oil imports were leading into a drain of foreign exchange.

...

Read more..
Subject Tags: oil

Despite the politics, oil firms are planning to pay for emissions

By : Sustainability ..., Jan 31, 2014

Several of the largest international oil companies, along with other major companies, are taking the prospect of international carbon pricing seriously. This is documented in a report released late last year by the New York-based non-profit group CDP, formerly known as the...

Read more..
Subject Tags: oil

Palm Oil Advances Most in Week as Biofuel Demand Seen Increasing

By : Sustainability ..., Jan 28, 2014

 Palm oil climbed the most in almost a week after a decline to a two-week low boosted the outlook for the tropical oil’s use in biofuels.

The contract for April delivery gained as much as 0.9 percent to 2,552 ringgit ($768) a metric ton on the Bursa Malaysia...

Read more..
Subject Tags: oil

Oil Secretary Vivek Rae says India close to seeking loan from IMF

By : Sustainability ..., Jan 14, 2014

 High oil prices have pushed India to the brink of a severe energy crisis, taking it close to seeking a loan from the International Monetary Fund, but sheer good luck has saved the country so far, Petroleum Secretary Vivek Rae said. "We haven't gone to the IMF yet, but we are...

Read more..

India's struggling sugar mills seek solace in ethanol

By : Sustainability ..., Nov 5, 2013

Struggling sugar mills in India are seeking solace in producing ethanol from crushing sugarcane, as the government ramps up pressure on oil retailers to cut fossil fuel imports by blending gasoline with the biofuel.

New Delhi, scrambling for ways to cut nearly $20...

Read more..
Subject Tags: India , oil

India To Ask Reliance To Give Up 80% Of D6 Gas Block

By : Sustainability ..., Oct 30, 2013

India will ask Reliance Industries Ltd to relinquish 80 per cent of its east coast deepwater D6 gas block, including five discoveries, as the energy major has not adhered to timelines for developing the area, the oil secretary said.

"We are waiting for the oil minister...

Read more..
Subject Tags: Business , oil

India's oil import struggles are affecting tanker trade as well

By : Sustainability ..., Sep 24, 2013

The latest troubles that India is facing regarding it's oil import bill, on the back of a significantly weakened rupee, is having an impact on tanker trade as well. In its latest report, London-based shipbroker Gibson, cited an FT article, regarding...

Read more..
Subject Tags: oil

As government readies shale policy, companies like RIL, Cairn, Essar bet on shale gas exploration

By : Sustainability ..., Sep 16, 2013

 Indian energy firms Reliance IndustriesBSE, Cairn India and Essar Oil have put shale oil and gas exploration and marketing on their priority list, encouraged with forecasts that the shale boom in North America will dislodge OPEC's hegemony over global energy trade.

...

Read more..

Government to build strategic crude oil storage capacity at four new locations

By : Sustainability ..., Aug 7, 2013

 Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi told the parliament that government would set up an additional 12.5 million tonne strategic crude oil storage capacity in the country.

The project, which is being implemented by Indian Strategic...

Read more..
Subject Tags: oil

ONGC to start oil, gas production from KG basin by Sept

By : Sustainability ..., Jul 31, 2013

 State-owned Oil and Natural Gas Corp ( ONGC  ) is likely to start oil and gas production from its first deepsea field in Krishna-Godavari basin off Andhra coast by September. ONGC plans to use temporary facilities to begin production from G-1 marginal field in the KG basin...

Read more..