Mon Nov 24, 2014
U.S. crude futures steadied above $76 on Monday, after a rally spurred by China's first interest rate cut in more than two years.
The BNP-led 20-party alliance has decided to announce tougher action programmes, including non-stop hartal, and gradually turn those into a decisive
An oil tanker exploded into a blaze with a big bang at a fuel station in Dhaka's Tejgaon industrial area on
The government of Kagawa Prefecture has started the "verification test of the introduction of solar power generation facilities using a reservoir," which will continue for two years. It set up three types of floating mounting systems on the surface of Yoshihara Oike (reservoir) located in Yoshiwara-cho, Zentsuji City, Kagawa Prefecture.…
A tank lorry (oil tanker) caught fire in Tejgaon Industrial Area in the city on Sunday causing a series of explosions.
The mainland is expected to see the installation of 10GW of solar farm capacity this year, well short of last year's 13GW, according to a researcher at the top energy policymaker.
Union leaders met a senior coal ministry official on Saturday and the strike was postponed until a meeting with the power and coal minister
Seeks explanation on Union Govt’s role in production sharing deals
Saudi Arabia's deep pockets and a strong financial system could help the country to ride out a low-price environment in order to protect its market share
KUALA LUMPUR: The palm oil downstream sector will always provide huge opportunities and remain a strategic necessity for the overall industry.
Major trade unions representing state-run Coal India's (CIL) workers have called off a strike planned for Monday to protest a stake sale and e-auction of cancelled coal blocks proposed by an ordinance with a provision for commercial mining by private companies.
(ChinaPost.com.tw) - The OPEC oil producers cartel will hold one of its toughest and most significant meetings in recent years as, faced with sliding prices, its members must contemplate whether to cut output.
(ChinaPost.com.tw) - After deciding to scrap nuclear power, Germany is pondering saying goodbye to coal, its biggest energy source but also its top polluter and main threat to ambitious climate goals.
(ChinaPost.com.tw) - State-run CPC Co. (中油) yesterday announced that the price of gasoline and diesel will be cut by NT$0.4 per liter, effective at midnight.
MANILA, Philippines - Investment holding firm Phinma Corp., through its power unit Trans-Asia Oil and Energy Development Corp., plans to expand its energy po
MANILA, Philippines - Local firm Ecocool Technology is offering consumers a new product that would translate to an average 20 percent monthly savings on thei
Major trade unions representing state-run Coal India's (CIL) workers have called off a strike planned for Monday to protest a stake sale and e-auction of cancelled coal blocks proposed by an ordinance with a provision for commercial mining by ...
MOSCOW: Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday.
Coal India holds a monopoly on commercial coal mining, accounting for more than 80 per cent of the country's total production.
Government will allow commercial mining of coal by private companies after allocating mines to public sector companies and auction to specific end users, finance minister Arun Jaitley said.
The Government will allow commercial mining of coal by private companies after allocating mines to public sector companies and auction to specific-end users, Finance Minister Arun Jaitley said tod...
The Centre is considering adding some more mines to the first lot of 74 blocks for auction to meet the growing demand for the fuel, Coal Secretary Anil Swarup said on Saturday.Of the 214 captive coal blocks cancelled by the Supreme Court on September 25, auction of the first lot will begin on February 11 and will be completed by March 15, he added.The identified blocks will be made available to companies with specified end-use plants like power, steel and cement, including those in the private sector.The capacity of these mines, of which 42 are already operational but their allocation remains cancelled following the court order, is inadequate to meet the current demand for the fuel, Swarup said here."The 42 blocks, which are already operational, have reserves that will be enough for just over five years having a capacity of nearly 90 million tonnes per year. The remaining 32 have capacity of nearly 120 million tonnes per year. But this capacity is not enough to meet the demand for the fuel," the official said.Therefore, apart from these 74, out of the 214 blocks, those which are already ready for operation but where mining has not commenced, can be put up for auction, Swarup said.The Coal Ministry is working out the valuation of the auction-bound blocks. Also, the Government is finalising on the number of blocks to be auctioned to private companies and those allocated to be public.
A step ahead in the government's ambitious plan of setting up 25 solar parks, the Ministry of New and Renewable Energy (MNRE) has identified 12 locations in various states where such power projects can come up. The scheme envisages setting up ...
KUWAIT, Nov 22, (KUNA): The Organization of Petroleum Exporting Countries (OPEC) will not likely lower oil production ceiling in its upcoming Nov 27 meeting, two Kuwait oil experts concurred citing division among the oil cartel’s members. ...
MOSCOW: Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia’s role in the Ukraine crisis have targeted the delivery of oil technology, goods and services, aiming to make it harder for Moscow to access new oil sources. “If (Western)
The group's dozen member countries are split on what direction to take after a 30 percent drop in crude prices since June has slashed revenues.
Group signed 35 contracts with local Small and Medium Enterprises worth over OMR17 million at the recently concluded Business Opportunities Forum
A new era could be on the horizon! The energy world is entering into a momentous week. While it eagerly awaits the outcome of the ongoing deliberations between the P5+1 and Iran on Tehran’s purported nuclear program, eyes are also focused on the upcoming OPEC ministerial this week. The OPEC moot in Vienna this Thursday, is being dubbed by man
The Ministry of Oil & Gas (MOG) on Thursday signed an exploration and production sharing agreement with Medco Arabia Ltd and local company Intaj LLC for Block 56.
(ChinaPost.com.tw) - Spain sees a good opportunity in increasing its sales of olive oil to Taiwan, as the country struggles with a series of food scandals involving the use of tainted oil, Spain's representative to Taiwan said Tuesday at a seminar to promote premium Spanish olive oil.
The Jordanian ministry of agriculture is looking to import olive oil due to rising prices in the domestic market, with a lack of rain and higher temperatures this year reducing the harvest of the olive fruit by about 20 per cent from last year.
Brent crude returned to above $80 a barrel after a record drop of eight weeks in a row
The deal also will see development of an oil pipeline from Basra to the Turkish port of Ceyhan
Non-availability of funds coupled with 'inertia' from the authorities has held back installation of two much-needed facilities for over half a
SINGAPORE, Nov 21 (AFP): Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance
British oil and gas explorer Ophir Energy Plc offered to buy Salamander Energy Plc for 267 million pounds (US$419 million) to expand in southeast Asia.
NEW YORK: World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
Global oil prices rallied on Friday (Nov 21) on China's surprise interest rate cuts and somewhat higher expectations that OPEC could decide to reduce production next week.
Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.
There are a number of factors behind the continuing global slide in oil prices, including North American production, increased energy efficiency, Europe's economic stagnation, and China's slowing growth. But a big one is Saudi Arabia, which, to the dismay of fellow oil-producing nations, has resisted pressure to cut production in order to stabilise prices.
Ford said its aluminum-bodied F-150 pickup mated with a new 2.7-liter, turbocharged V6 can achieve 22 mpg, the best of any gasoline-fueled pickup available.
Auction of coal blocks is likely to be held in the second week of February, while letter of accord/vesting order is to be issued to bid winners by March 16.
While many are prophesizing the Environmental Protection Agency’s Clean Power Plan (CPP) as doomsday for the electricity sector, Texas utilities are telling a different story. The CPP will limit – for the first time ever – carbon emissions from existing power plants. One utility in particular, CPS Energy in San Antonio, “has already embraced a low-carbon strategy that anticipates this rule,” making it the most well-positioned utility in the state, if not country.
The government would like to push the Insurance Bill, the Coal Ordinance and the Constitutional Amendment Bill on GST in Parliament's Winter session, Finance Minister Arun Jaitley said Friday.FM said he would be soon be talking to the Opposition including top Congress leaders for their cooperation in passing these legislations in the session, which begins on November 24.Alluding to the government's numbers in Parliament where it is in a minority in the Rajya Sabha, Jaitley said the support of political parties and state governments will be crucial to get important reforms implemented."The Parliament's session is in a week. It cannot be 'how can I block reforms'... I can see some groups (Opposition parties) working towards that now," he told HT Leadership Summit. "We will have the Insurance Bill, and we will have the coal ordinance. Hopefully, these will be passed (in Parliament's winter session). I also intend to introduce the Constitution Amendment Bill to introduce the goods and services tax," Jaitley said.Even though the BJP had backed the Land Acquisition Act brought by the previous UPA government, Jaitley said, "New definition of reforms is to undo a lot of what the predecessor has done.""We are in the process of discussing possible changes in the land acquisition law and therefore, nobody has said it will come in the winter session."Jaitley also said the governments other priority was at rationalising cooking gas subsidies to ensure that the subsidy only reaches the intended beneficiaries.Jaitley added that the expenditure management commission set up by the government under former RBI Governor Bimal Jalan will soon submit its initial recommendations on how to rationalise subsidies.Jaitley said India needs to spend more on education, health and building its rural infrastructure to become an economic superpower. "I believe that we are a country of tremendous potential that has not been harnessed before. It is challenging but it can be done," he said.Jaitley hoped the revised Constitution Amendment Bill to roll out GST would be introduced in the forthcoming Winter Session of Parliament.
(ChinaPost.com.tw) - Food and Drug Administration (FDA, 衛生福利部食品藥物管理署) official Yeh Meng-yi (葉孟宜) said that the FDA will ban the use of the additive coal tar in cosmetics starting from Jan. 1, 2015, noting that using products containing coal tar for a long period of time might cause cancer.
Russia may cut oil production to shore up flagging prices, but no decision has been made yet, its energy minister said.
The DBTL scheme has already been launched in 54 districts at 11 states on November 15 in the first phase
Kirloskar Brothers Limited (KBL) has proposed to the Telangana government that it will supply 100,000 solar agricultural pumpsets in one year and will replace all the existing pumpsets of farmers in the state with solar pumpsets in a span of 10 ...
Suersh Prabhu Calls Upon to Undertake a Comprehensive and Structured Energy Audit in Indian Railways The Contract Awraded for Setting up 26 MW Windmill Project in Rajasthan
The Minister of Railways Shri Suresh Prabhakar Prabhu launched the formal process to set up the Windmill Farm of 26 Megawatt in Rajasthan which is the biggest renewable energy initiative by Indian Railways. The project is being set-up by Railway ...
Brent crude oil rose to near $81 a barrel after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production.
Public sector oil marketing companies (OMC) have started the mammoth task of linking over 20 million domestic liquefied petroleum gas (LPG) connections in Uttar Pradesh with the Direct Benefit Transfer for LPG (DBTL) scheme.The scheme is meant to ...
The total capacity of solar power plants has crossed the 3,000-MW mark, with 734 MW added so far this year, says a report of Mercom Capital Group, a clean energy consultancy. Mercom expe...
The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.
Nearly 100,000 premature deaths take place annually due to air pollution in India and some other countries which can be avoided by 2030 by improving energy efficiency measures in transport and industrial sectors, a UN report today said.
KUWAIT CIT, Nov 20, (AFP): Gulf oil producers led by Saudi Arabia will likely reject output cuts at an OPEC meeting next week unless they are guaranteed their market share in a highly competitive market, analysts say. Nor...
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 75.81 per barrel (bbl) on 20.11.2014
Oil prices rose in Asia today on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support, analysts said.
(EnergyAsia, November 21 2014, Friday) — Singapore Exchange (SGX) said it will begin offering petrochemical swaps and futures contracts from December 2 in response growing demand from industry players to hedge their trading positions. The exchange said it will introduce a set of five petrochemical derivatives tools in two phases, starting with the SGX Platts […] The post SINGAPORE: SGX to launch petrochemical swaps and futures derivatives contracts next month appeared first on EnergyAsia.
Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister Ngozi Okonja-Iweala said on Thursday in an interview in which she also cut the outlook for economic growth next year. The post Nigerian Finance Minister Says Nation Must Adjust to ‘Permanent’ Oil Price Shock appeared first on The Jakarta Globe.
Singapore – Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support, analysts said.
China disclosed for the first time that the first phase of its strategic petroleum reserves contains about 91 million barrels.
A Soft Chemical Corporation pipeline broke near Cua Cam Port yesterday, spilling 300 tonnes of linear ankylbenzene.
China's souring foreign investment climate, "unfair" trade practices and lack of progress on reforms increased economic tensions between the United States and Beijing in 2014, a US commission concluded on Thursday (Nov 21).
Korea Gas is seeking to sell part of its 15% stake in a Royal Dutch Shell-led natural gas export terminal planned for the Pacific coast of Canada.
Oil imports from the Middle East dropped as oil refiners here are looking to buy cheaper crude oil. Korea used to be heavily dependent on Dubai crude oil that took up a whopping 90 percent of total oil imports. Crude oil imports from the Middle East dropped 4.7 percent on-year to 62.9 mill...