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India Advancing Its Strategic Initiatives To Fulfill Its Energy Security Needs

By : sustainabilityo..., Jun 3, 2010

India Advancing Its Strategic Initiatives To Fulfill Its Energy Security Needs ; India's rapidly increasing dependence on crude oil imports has made the country's energy sector vulnerable to external factors. The situation has made it imperative for the domestic government to...

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Subject Tags: energy , oil

ONGC Profit Rises 71%, Beating Estimates, on Higher Oil Prices

By : sustainabilityo..., May 29, 2010

Oil & Natural Gas Corp., India’s biggest energy explorer, posted a 71 percent increase in fourth- quarter profit, beating estimates, as crude oil prices rose.

Net income climbed to 37.8 billion rupees ($815 million) in the three months ended March 31 from 22.1...

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IndianOil to invest Rs2,000 cr in solar, wind power

By : sustainabilityo..., Mar 26, 2010

India’s largest oil refiner, the state-owned Indian Oil Corp. Ltd, or IOC, will invest around Rs2,000 crore to develop a wind power generation capacity of 200MW and a solar power generation capacity of 50 MW, said a top company official.

“Renewables will be a major...

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India Said to Propose Sovereign Fund to Acquire Energy

By : sustainabilityo..., Mar 17, 2010

March 17 (Bloomberg) -- India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets with China, a government official said.

The oil ministry has...

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Subject Tags: energy , India , oil , Technology

India’s ONGC May Borrow $10 Billion to Buy Assets

By : sustainabilityo..., Mar 8, 2010

March 8 (Bloomberg) -- Oil & Natural Gas Corp., India’s biggest energy explorer, may borrow $10 billion over the next decade as it competes with rivals from China and South Korea to buy oil assets overseas to meet domestic fuel demand.

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Renewables can ensure energy security

By : sustainabilityo..., Feb 15, 2010

Peak oil has been around for a while now. Energy specialists in India, specially those working in the renewable energy space, are now talking the same about coal: not quite peak coal but an increasing likelihood that coal will not always be available to run power plants....

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Subject Tags: energy , oil , Technology

Iceland seeks cooperation with India in clean energy, IT, oil exploration

By : sustainabilityo..., Jan 14, 2010

Visiting Iceland President Olafur Ragnar Grímsson on Thursday sought India's cooperation in the field of clean energy, geothermal energy, information technology and oil exploration.

Grímsson and his wife, Dorrit Moussaieff, are currently on an official visit to India...

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Subject Tags: energy , oil

Subsidy regime can jeopardise India’s energy security

By : sustainabilityo..., Dec 28, 2009

The government must resolve its dilemma over petroleum subsidy if India is to achieve its long-term energy security objective. Under the current subsidy regime, while domestic fuel consumers are insulated from the impact of high international crude oil prices, public...

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Subject Tags: energy , oil

India Energy Giant Stops Selling Gasoline to Iran

By : sustainabilityo..., Dec 3, 2009

Reliance Industries has since April stopped selling gasoline and gas oil to Iran in an apparent bid to escape sanctions by the US, where it is eyeing an acquisition.

RIL till last year sold mostly gasoline to Iran but has since April this year completely stopped...

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Why Oil Prices May Never Rise Above $150

By : sustainabilityo..., Oct 24, 2009

One of the most bedeviling problems for oil producers (and oil investors) is knowing when it's too cheap to keep producing, and when it's too expensive to sell. Last year gave us new boundaries: $147 a barrel was too expensive, and $33 was too cheap. But those aren't...

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Subject Tags: oil