India plans to double gas production by 2022
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).
Nearly 50% of planet’s insects and plants could lose habitat at 3.2 degree C : Climatologists
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 […]
Energy Security for India: Renewables hold the Key
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.
Gas to overtake coal as world’s second largest energy source by 2030: IEA
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 […]
Renewables are expected to supply 40 percent of India’s electricity
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.
Govt intensifies move to raise renewable energy 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.
Oil prices will remain range-bound around US$60-65 through 2018
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
Govt plans to sell a 60% stake in 15 ageing oil field to private firms
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.
Oil Companies Moot Daily Fuel Pricing
State oil company executives met the Oil and Petroleum Minister to propose daily fuel pricing according to international standards.
Inadequate gas hits power plants
The share of gas-based power in total generation plunged to 4 per cent in fiscal 2016 compared with 12 per cent in 2011, because of inadequate domestic supply and unviable LNG prices.