Cheap oil is costing West Asia
The oil-rich GCC countries are starting to show signs of financial stress maintaining high defense and social spending while the price of oil remains low
Courtesy:
Courtesy:
Courtesy: The Speaker-news
OPEC’s spigot: spot on
By keeping production high and oil prices low, OPEC is taking on oil and gas companies by undercutting their ability to investments in future oil & gas production
Courtesy: Amit Dave (Reuters)
Rosneft-Essar deal
Conjecture about a Rosneft-Essar deal shows how the oil market dynamics have shifted in the past few years. Just as supply security is important to oil buyers, demand security is crucial for oil suppliers. Buying refining and marketing assets in big markets like India is the route to demand security for Russia, whose economy depends on petroleum exports.
Courtesy: MEA Flickr
Modi’s global quest for clean energy
A common thread during Modi’s recent visits to China, Mongolia, and South Korea—as well as on his visits to other countries over the last year—is an attempt to move India away from coal and towards cleaner forms of energy such as solar power, natural gas, and nuclear energy. This signals a more responsible approach to development
Courtesy: Alamy
The United Kingdom of Oil
UK may be on its way to becoming a petro state, again, on back of an oil discovery that may be a whopping 100 billion barrels. The world is awash with cheap energy, and Indian companies need to seize the opportunity to acquire upstream energy assets.
Courtesy:
How the Iran deal impacts India
If the sanctions against Iran are eased following the April 2 agreement with the P5+1 on the country’s nuclear programme, it will increase global oil and gas supplies, bringing stability to energy markets. It could also resolve the issue of the Farsi Block in Iran, where further exploration of gas by Indian companies has been held back
Courtesy: MEA/Government of India
A new energy mix for India
The India-Russia nuclear agreement envisages 12 nuclear reactors to be built in India. These will help India shift its energy mix towards nuclear power, which is cheaper than coal and less polluting
Courtesy: wikimedia
A case for nuclear power
India’s power sector is currently facing a coal shortage with Coal India unable to keep pace with demand. Nuclear power is a cheaper and more reliable alternative for generating electricity as compared to coal
Courtesy: Wikimedia Commons
How climate change changed me
Climate change is a reality but most of us continue to live every day without acknowledging this fact or taking any action to ameliorate its effects. The author is of the opinion that every single human being needs to engage and understand this man-made phenomenon so that humanity is better prepared for its impact
Courtesy: Google Maps
Latin America Update, April 2014
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month