India Plans to Reduce Oil Imports from Islamic Republic
The Wall Street Journal reported that India's junior oil minister has said that the country plans to reduce oil imports from the Islamic Republic by eleven percent this fiscal year.
Articles Tagged "india"
Turkmenistan, Pakistan, and India Plan Pipeline Talks
Reuters reported that Turkmenistan, Pakistan, and India may soon complete a gas price deal when the countries meet to discuss a pipeline through Afghanistan.
India Slow Off the Mark in Harnessing Shale Gas Potential
India has proven to have impressive reserves of shale gas, but until now the national government and private sector have yet to push for any form of notable production.
Xebec Receives Order for Indian Natural Gas Upgrading Project
Xebec Adsorption Inc. (TSX:XBC) announced it has a purchase order for a Pressure Swing Adsorption system to be installed in India.
India Looking to Secure Gas Supplies
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
British Petroleum Oil Spill Draws Criminal Speculation
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Advantage: Crude
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
