Gail (India) Ltd., the country’s largest state-owned natural gas processing and distribution company, is looking to buy seven liquefied natural gas (LNG) cargoes for delivery from Oct. 2015 until Dec. 2016, the company disclosed at the end of March. According to the tender agreement, deliveries are to be split between India’s Dabhol, Dahej and Hazira… Keep reading →
An explosion killed three people and injured one on Wednesday at an oil and gas field in West Texas owned and operated by Parsley Energy Inc.”Our thoughts are with the families,” Lisa Elliott of Parsley said of the accident on Tuesday in Upton County, Texas. The Occupational Safety and Health Administration said it was investigating… Keep reading →
India’s new Prime Minister Narendra Modi has set ambitious new targets for reducing coal consumption and scaling up renewables. India will double the tax on coal production, promote renewable energy projects and electric vehicles to balance out emissions from coal-fired power plants. “With regard to coal, there’s a need to find a balance between taxing… Keep reading →
Despite the ongoing Ukraine crisis, a plethora of Western sanctions and a plummeting currency, amazingly Russian energy sector returns have risen by about 22 percent. “No other country comes close. Canada, another oil- and gas-heavy nation, has seen industry equity returns rise by just 1.8 percent this year, while the MSCI USA Index is up… Keep reading →
At the world’s largest electronics trade show – the Consumer Electronics Show (CES) in Las Vegas – among the many cool consumer gadgets, which saw the light of the day for the first time, was a vehicle that could be grouped into a category named ‘sustainable urban mobility / environmentally friendly urban living’. Remember the… Keep reading →
Recovery from the dramatic supply-driven oil price slide of 1986 took 5 years. Will the current cycle follow the same pattern? This piece plays a bit of Monday morning quarterback and suggests that if Saudi/Opec did more to moderate prices over the past 6 years the current supply glut could have been avoided. [Bloomberg via… Keep reading →
The world is constantly and almost instantaneously transforming right before our eyes. Given the complexity and interconnectedness of resulting emerging challenges it is advisable for policymakers to attempt to get ahead of the curve. This is exactly what the World Economic Forum’s “Outlook on the Global Agenda 2015” is envisioned to offer to a broad… Keep reading →
Notoriously complex global energy issues encompass science, economics, politics, the environment, demographics and social dynamics. And sometimes it seems nothing is more complicated than charting a course that effectively mitigates the worst impacts of climate change. One of the most stubborn problems is finding a way to simultaneously address energy poverty while reducing global carbon… Keep reading →
The energy poverty issue is being drawn into stark relief in India, where the government is pursuing an aggressive coal expansion strategy as it seeks to bring electricity to the over 300 million people without. The New York Times reports air quality in cities is worse than China, rising seas will impact the country disproportionately… Keep reading →
Cairn Energy, the oil and gas explorer, has reported a second oil discovery off the coast of Senegal in West Africa. “The Edinburgh-based company described the find as “significant”, adding that the oil was of high quality. The discovery was made at its SNE-1 well in the Sangomar Deep block about 100km (62 miles)… Keep reading →
