The Government has announced that it will set up 5,000 biogas plants over the next five years to boost domestic fuel supply to reduce dependence on imported oil and gas and combat pollution.
The Prime Minister’s Science Technology and Innovation Advisory Council (PM-STIAC) has recommended making it mandatory for medium and large enterprises in key sectors to set aside funds for research and development (R&D). The council expressed at the extremely poor level of R&D investment which has remained stagnant at 0.35 percent in the private sector and […]
The government plans to invest US$2 billion over the next three to five years, especially in deepwater and offshore areas, to increase its natural gas production to 60 billion cubic metre (bcm).
A recent study published in the prestigious journal Science has found that if the Earth warms by 3.2 degrees Celsius, or about 5.8 degrees Fahrenheit, then 49 percent of the planet’s insects, 44 percent of plants and 26 percent of vertebrates will lose more than half of their geographic habitat. This is the level of […]
With the economy galloping at an average 6.5 percent a year and the population growing at 1.2% India is on way to emerging as the world’s most populous country and the largest energy growth market by 2024.
Natural gas is on the way to overtake coal as the world’s second largest energy source after oil by 2030 as more and more countries move to adopt it as a lesser polluting fuel than crude oil. The International Energy Agency (IEA) has forecast that global gas demand would increase by 1.6 percent a year […]
The Indian renewable energy sector has emerged as the world’s second most attractive renewable energy market after China, and fourth in the world in terms of total installed wind power capacity.
India’s effort to increase the role of renewable energy in its power mix has gained greater momentum with the government deciding to generate wind power offshore.
Irrespective of geopolitical uncertainties, output cuts and production outages crude oil prices are likely to remain in the range of US$60-65/barrel through 2018
Eleven of these oil fields are owned and operated by the Oil and Natural Gas Corporation (ONGC) and four by Oil India Ltd (OIL). Their proven reserves are estimated at 791.2 million tonnes of crude oil and 333.46 billion cubic metres of gas cumulatively.
