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PostPosted: 28 Jun 2010 21:42 
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India May refinery output up 7.7 pct y/y - govt
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NEW DELHI June 28 (Reuters) - Indian refiners, excluding Reliance Industries' (RELI.BO) export-focused plant, processed 3.252 million barrels per day (bpd) of crude oil in May, up 7.7 percent from a year ago, government data showed on Monday. Crude oil output rose an annual 5.8 percent to 696,350 bpd in May. (Reporting by Nidhi Verma; editing by Surojit Gupta)

http://www.reuters.com/article/idUSSGE65R0BE20100628


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PostPosted: 01 Jul 2010 09:32 
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India Loses to China in Africa-to-Kazakhstan-to-Venezuela Oil

http://www.bloomberg.com/news/2010-06-3 ... hases.html

State-run Chinese companies spent a record $32 billion last year acquiring energy and resources assets overseas versus India’s single $2.1 billion investment by ONGC. China’s June 19 decision to allow the yuan to appreciate will further strengthen the hand of Chinese companies buying overseas.

India’s oil import bill climbed six-fold in the past decade to $85.47 billion for the year ended March, equivalent to about 7 percent of gross domestic product.


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PostPosted: 01 Jul 2010 09:48 
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India Plans First Shale-Gas Auction to Boost Reserves

http://www.businessweek.com/news/2010-0 ... erves.html

India, beaten by China in the race for energy assets across the world, plans to offer shale-gas areas for exploration for the first time, the nation’s oil regulator said.

Preliminary estimates show India’s shale-gas reserves may be larger than its proven conventional gas deposits, said P.K. Bhowmick, president of the country’s Association of Petroleum Geologists.

India will need to change exploration laws for shale gas to be produced because current exploration licenses don’t include unconventional sources, Srivastava said. The changes will have to be approved by the nation’s Cabinet.

“We have to run now, we can’t just walk,” Srivastava said. “We don’t yet know the extent of our reserves and we hope to put everything together within a year.”


“Shale rocks have been found in Gujarat, Assam, Jharkhand,” Sharma said June 25. “We have to study the extent of the reserves and the economics of producing it.”

The shale rock found in India is similar to those in the U.S., Bhowmick said. The cost of producing the gas may be different because the rocks are found deeper in the ground in India than in the U.S., he said.

“The rocks are definitely gas-charged,” Bhowmick said.

Supply of natural gas in India lags behind demand as the nation seeks to cut air pollution and as power plants and fertilizer users seek to replace more expensive naphtha and imported liquefied natural gas with cheaper domestic fuel. Gas demand may rise to 120 billion cubic meters a year by 2015 from 62 billion currently, B.C. Tripathi, chairman of GAIL India Ltd., said June 24.

The nation faces an energy shortfall of 55 percent by 2030 as demand more than doubles to the equivalent of 1.3 billion metric tons of oil, according to the Paris-based International Energy Agency.


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PostPosted: 02 Jul 2010 04:39 
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Folks, have a look at this. What a humongous mess they have created themselves; no enemy will ever dream of doing this to US. I just feel like we should send Al Gore for a swim down the ocean here.



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PostPosted: 09 Jul 2010 21:18 
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http://news.bbc.co.uk/2/hi/science_and_ ... 564798.stm

Russian sub 'could stop oil leak'
Quote:
The two submersibles started their third season of exploration in Lake Baikal on 1 July. Over the last two expeditions, they found reserves of gas hydrates on the lake bed - which some consider a possible alternative fuel source of the future.
Gas hydrates are usually formed in permafrost or deep in the oceans. These are crystalline water-based solids; gases such as methane are trapped inside them within cages of hydrogen-bonded water molecules.

Baikal is the only freshwater basin where gas hydrates are found in its sediments. Scientists say the depth of the lake - reaching 1,637m - and extremely low temperatures of water near the lake bed both help gas hydrates form at depths exceeding 350m. The current expedition aims to obtain important data about these findings, and is also searching for new life forms, which might be unique to Baikal.


This is something India can use in finding ,exploiting Gas Gydrates in IO. Some estimate humungous 17kTrillion CM of metahne stored there.


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PostPosted: 09 Jul 2010 22:30 
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India records highest rise in gas production worldwide

http://economictimes.indiatimes.com/new ... 147114.cms


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PostPosted: 13 Jul 2010 09:11 
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Is India too late for the Asian oil-guzzling party?

http://oilandglory.foreignpolicy.com/posts/2010/07/12/is_india_too_late_for_the_asian_oil_guzzling_party


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PostPosted: 13 Jul 2010 09:18 
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abhishek_sharma wrote:


This is rubbish article. We can get oil from Iran, Kuwait, Nigeria for next 30 years.


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PostPosted: 13 Jul 2010 11:44 
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not if US plans to invade iran and grab/sabotage its resources.


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PostPosted: 14 Jul 2010 03:09 
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Neshant wrote:
not if US plans to invade iran and grab/sabotage its resources.

According to the plan the entire Middle east will be blocked and quarantined for 30-40 years.
No export of oil over seas will be allowed and the world will have to adjust to the new reality


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PostPosted: 14 Jul 2010 20:30 
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^ :D

Will unkil get that oil during the quarantine period? I hope not.

India is doing well in terms of developing renewable energy security. I can see lot of parallels between my plans (outlined in alternative scenarios thread) and what is happening on ground.

On the other hand PRC is focusing on Coal. Tibetan Plateau and Himalayan Range in the west extending all the way down to south, and the Mountain ranges in Mongolia will ensure that all that smoke stays loyal to China.


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PostPosted: 15 Jul 2010 01:47 
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India oil reserves to meet 78 days’ needs

http://www.livemint.com/2010/07/1321132 ... l?atype=tp

India’s plans of protecting itself against disruptions in energy supplies by setting up three strategic crude oil reserves will increase their level to 78 days of consumption.

“We are building extremely efficiently the capacity of 5 million tonnes (mt) of reserve capacity,” said petroleum secretary S. Sundareshan. “They are the largest excavation work being done in the country and are likely to be completed before the end of 2011. This will support (an additional) 15 days of India’s consumption.”

We presently have 74 days storage. With the additional capacity being built, we would have 89 days of storage. But this will not translate into 90 days for the reason that there will be an increase in demand by that time. So, we would expect that we would have around 80 days storage by that time,” Sundareshan added.


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PostPosted: 15 Jul 2010 02:11 
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^ From the above article...

Quote:
Countries such as India that are dependent on imports to meet their oil needs are particularly vulnerable to price volatility. Extreme volatility has marked the crude oil price, which reached a record $147 (Rs6,894.3) per barrel in July 2008, but has since fallen to around $74. India has also been inviting oil-producing West Asian nations to set up storage facilities on the country’s coastline to help them serve their energy markets in Asia such as Japan.



Image


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PostPosted: 19 Jul 2010 05:18 
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Formulation of microorganism developed & used by Indian oil companies can help to clean up Gulf cost oil mess.

http://timesofindia.indiatimes.com/Indi ... 185083.cms


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PostPosted: 20 Jul 2010 08:21 
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Ameet wrote:
India oil reserves to meet 78 days’ needs


attack on iran must be close at hand ?


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PostPosted: 21 Jul 2010 01:20 
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Quicksilver shares jump on reported Reliance deal
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NEW YORK —
Shares of Quicksilver Resources Inc. surged Monday on a report that the natural gas and oil producer is in talks with Reliance Industries, India's most valuable company.
THE SPARK: Daily News & Analysis in India reported that the two companies are discussing options including a partnership or acquisition. The publication quoted anonymous sources familiar with the deal. Neither company could be reached for comment Monday afternoon.THE BIG PICTURE: Reliance Industries Chairman Mukesh Ambani told shareholders last month that he would push into two new sectors, power and telecommunications. Reliance Industries operates and currently produces 60 million metric standard cubic meters a day of natural gas from the KG-D6 basin, India's largest known deposit. Last month the company agreed to pay $1.3 billion for a stake in the shale gas assets of Texas-based Pioneer Natural Resources Co. in a move to expand its upstream business in North America

http://seattletimes.nwsource.com/html/b ... ndication=


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PostPosted: 21 Jul 2010 02:07 
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Neshant wrote:
attack on iran must be close at hand ?

Recently skimmed an article (in Time or BW) which said that the military option against Iran is back on the table, one reason being the encouragement for that by Iran's Sunni neighbors.


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PostPosted: 22 Jul 2010 02:27 
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ONGC in talks with BP on Vietnam assets
http://www.ft.com/cms/s/0/a6d17fee-94cb ... ftcamp=rss


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PostPosted: 27 Jul 2010 01:59 
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ONGC will spend $5b to boost gas output 60% in six years
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New Delhi: Oil & Natural Gas, India's biggest energy explorer, plans to spend a record $5 billion to develop gas fields to boost output by almost 60 per cent in six years, two people with direct knowledge of the matter said.

The New Delhi-based explorer sought permission from the country's oil and gas regulator on July 16 to invest the funds in nine natural gas discoveries off India's east coast to produce 35 million cubic metres a day by 2016, one person said, declining to be identified before the Directorate General of Hydrocarbons approves the plan.
-----
India is ramping up gas output at the fastest pace in the world, according to BP's 2010 Statistical Review of World Energy, after companies including Reliance Industries discovered new fields.

"ONGC has been discovering new reserves for a while but the concern is being able to convert them to production," said Rohit Ahuja, a Mumbai-based analyst with Centrum Broking in Mumbai.
-----
"The company is looking to address this with the very good discoveries they have in the east coast."
The producer of almost 25 per cent of the crude oil used by India, Asia's third-largest energy-consuming nation, is starting new fields at home as output declined at aging areas off the west coast.

Reserves added in fields operated by ONGC in the year ended March was the equivalent of 82.98 million metric tonnes, the highest in the past 20 years, the explorer said April 26. ONGC made 21 discoveries in the year, according to a May 28 statement on its website.


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PostPosted: 29 Jul 2010 12:00 
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RIL and Essar to bid for BP assets in Africa

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RIL and Essar to bid for BP assets in Africa
July 29, 2010 02:10 IST
Tags: RIL, Gulf Africa Petroleum Corp, Essar Oil, ATF, BP
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Private fuel retailers Reliance Industries Ltd [ Get Quote ] and Essar Oil [ Get Quote ] have joined the race for BP assets. RIL and Essar are interested in BP's retail outlets, terminals and aviation turbine fuel (ATF) facilities in at least four countries in Africa.

The move coincides with ONGC [ Get Quote ] Videsh's [ Images ] plans to bid for a BP stake in a Vietnam oil field, along with PetroVietnam. BP wants to exit the field to partly make up for the $32 billion cost it has set aside for the Gulf of Mexico cleaning and compensation. A senior executive in a domestic oil company, though, said the sale of retail assets in Africa was not connected to the spill.

RIL and Essar are among a dozen companies, including PetroSA, who are evaluating the sale of BP retail assets in Africa. When asked, spokespersons of the two companies said they did not comment on speculation.

A PTI report said BP was selling retail outlets, terminals and aviation fuel stations in Botswana, Tanzania, Namibia, Malawi and "possibly" Zambia, to cover costs related to the worst oil spill in US history. The executive, however, said the global giant had been trying to slowly move out of petroleum retailing prior to the April blow-out that resulted in the spill.

BP controls as much as 70-80 per cent of the ATF market in some African countries. "BP, that roughly has around 20 per cent market share in these countries, had been trying to sell its retail assets in Africa prior to the spill. It is part of a trend among global companies to focus attention in the upstream oil and gas production business," he added.


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PostPosted: 05 Aug 2010 04:54 
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IOC to set up LNG terminal at Ennore
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Indian Oil Corporation today signed an MoU with Tamil Nadu Industrial Development Corporation Ltd (TIDCO) to set up a Rs 3,000-crore LNG re-gasification terminal and gas-based power plant at Ennore and gas pipelines for distribution.

. . .this MoU encompasses setting up a 2.5 million tonnes per annum LNG terminal. The capacity of this terminal can be later increased to 5 mt.

The complex at Ennore will also include a 1,000 MW LNG-based power plant that is likely to cost around Rs 5,000 crore driven by the LNG re-gasification terminal and gas-based power plant, Ennore will become a Special Economic Zone, that will spawn a grid of gas pipelines criss-crossing the demand centres across Tamil Nadu and other Southern States.


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PostPosted: 09 Aug 2010 04:43 
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http://economictimes.indiatimes.com/new ... 259012.cms

Team ONGC proves viability of 2.7tcf Mahanadi block

Quote:
Oil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms has proved commercial viability of its Mahanadi gas find, paving the way to start production from the field having about 2.7 trillion cubic feet (tcf) natural gas reserves.


The question is if these dinosaurs have the technology to get the gas out.

Gujarat Gas is still sitting on its discovery made back in 2005 for lack of ability.


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PostPosted: 19 Aug 2010 12:19 
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Hi All,

Could someone tell me whether the price elasticity of oil for various countries can be found some place online? or at least a study for the same?

Also, are there any sources that list all the oil and natural gas projects that are being constructed, along with their potential/projected production capacity?

TIA


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PostPosted: 24 Aug 2010 11:35 
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Cairn India finds oil & gas in KG block, to drill wells at Palar

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IT’S official now. Cairn India has hit yet another large oil and gas reserve. This time in Andhra Pradesh’s Godavari district. With this, Cairn has been involved in at least 40 gas finds across India.


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PostPosted: 25 Aug 2010 22:21 
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Reliance to Invest $5b In South Sumatra Coal

http://www.thejakartaglobe.com/bisindon ... oal/392703

India’s Adani to Invest $1.6b In S. Sumatra Coal Railway

http://www.thejakartaglobe.com/business ... way/392884


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PostPosted: 01 Sep 2010 02:16 
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Reliance discovers natural gas with Dhirubhai-52 in the deepwaters offshore India's East Coast
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The fourth successful exploration well on the block, the KGV-D3-W1 discovery well was drilled to a total measured depth of 10,010 feet (3,051 meters) in waters measuring 5,423 feet (1,653 meters) deep. The Dhirubhai-52 discovery well transected a gross natural gas pay zone of 123 feet (37.5 meters) in Piocene-aged sands.


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PostPosted: 02 Sep 2010 03:13 
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India emerges as shale gas hub


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PostPosted: 02 Sep 2010 09:22 
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Few years back some one here did the calculations on total NG discoveries in KG Basin and the numbers were close to 100TCF. CBM estimates are another 30Plus TCF and now the addition of Shale Gas prospects. Keping in mind that less than only single digit % of KG basin is explored yet, GOI is doing right in not moving fast on importing gas from Iran or Qatar or Oman. We might never need it if India ( In collaboration with Russia and Japan) succeed in developing tech in next 10-20 years to exploit abudant underwater gas hydrates . Its great strategic news over all.


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PostPosted: 03 Sep 2010 12:47 
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the German Military has conducted an instructive study into the problems that economies will face as oil production peaks. the study has apparently leaked. it makes for good reading. i have posted few extracts

According to the German report, there is "some probability that peak oil will occur around the year 2010 and that the impact on security is expected to be felt 15 to 30 years later." The Bundeswehr prediction is consistent with those of well-known scientists who assume global oil production has either already passed its peak or will do so this year.

Market Failures and International Chain Reactions

The political and economic impacts of peak oil on Germany have now been studied for the first time in depth. The crude oil expert Steffen Bukold has evaluated and summarized the findings of the Bundeswehr study. Here is an overview of the central points:


Oil will determine power: The Bundeswehr Transformation Center writes that oil will become one decisive factor in determining the new landscape of international relations: "The relative importance of the oil-producing nations in the international system is growing. These nations are using the advantages resulting from this to expand the scope of their domestic and foreign policies and establish themselves as a new or resurgent regional, or in some cases even global leading powers."
Increasing importance of oil exporters: For importers of oil more competition for resources will mean an increase in the number of nations competing for favor with oil-producing nations. For the latter this opens up a window of opportunity which can be used to implement political, economic or ideological aims. As this window of time will only be open for a limited period, "this could result in a more aggressive assertion of national interests on the part of the oil-producing nations."
Politics in place of the market: The Bundeswehr Transformation Center expects that a supply crisis would roll back the liberalization of the energy market. "The proportion of oil traded on the global, freely accessible oil market will diminish as more oil is traded through bi-national contracts," the study states. In the long run, the study goes on, the global oil market, will only be able to follow the laws of the free market in a restricted way. "Bilateral, conditioned supply agreements and privileged partnerships, such as those seen prior to the oil crises of the 1970s, will once again come to the fore."
Market failures: The authors paint a bleak picture of the consequences resulting from a shortage of petroleum. As the transportation of goods depends on crude oil, international trade could be subject to colossal tax hikes. "Shortages in the supply of vital goods could arise" as a result, for example in food supplies. Oil is used directly or indirectly in the production of 95 percent of all industrial goods. Price shocks could therefore be seen in almost any industry and throughout all stages of the industrial supply chain. "In the medium term the global economic system and every market-oriented national economy would collapse."
Relapse into planned economy: Since virtually all economic sectors rely heavily on oil, peak oil could lead to a "partial or complete failure of markets," says the study. "A conceivable alternative would be government rationing and the allocation of important goods or the setting of production schedules and other short-term coercive measures to replace market-based mechanisms in times of crisis."
Global chain reaction: "A restructuring of oil supplies will not be equally possible in all regions before the onset of peak oil," says the study. "It is likely that a large number of states will not be in a position to make the necessary investments in time," or with "sufficient magnitude." If there were economic crashes in some regions of the world, Germany could be affected. Germany would not escape the crises of other countries, because it's so tightly integrated into the global economy.
Crisis of political legitimacy: The Bundeswehr study also raises fears for the survival of democracy itself. Parts of the population could perceive the upheaval triggered by peak oil "as a general systemic crisis." This would create "room for ideological and extremist alternatives to existing forms of government." Fragmentation of the affected population is likely and could "in extreme cases lead to open conflict."

The scenarios outlined by the Bundeswehr Transformation Center are drastic

http://www.spiegel.de/international/ger ... -2,00.html


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PostPosted: 03 Sep 2010 16:52 
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wig wrote:
the German Military has conducted an instructive study into the problems that economies will face as oil production peaks. the study has apparently leaked. it makes for good reading. i have posted few extracts...


When I was a high school student in the early 80's the conventional wisdom was that Oil would run out by the year 2000 but guess what 2000 has come and gone and we still have Oil. I am not saying that it won't run out it may...but that all these peak oil therories are vapourware. All that the peak oil people seem to do is to move the target date back by 20 years just as the Russian Communists used to do when announcing the date of the arrival of true communisiom!!


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PostPosted: 03 Sep 2010 18:08 
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Gerard wrote:

We should be carefull about the negative effect on the environment. Especially, to the water resources.
Environmental impact of the oil shale industry
Quote:
Water represents the major vector of transfer of oil shale industry pollutants. One environmental issue is to prevent noxious materials leaching from spent shale into the water supply.The oil shale processing is accompanied by the formation of large amounts of different process waters and waste waters containing phenols, tar and several other products, heavily separable and toxic to the environment.A 2007 programmatic environmental impact statement issued by the United States Bureau of Land Management stated that surface mining and retort operations produce 2 US gallons (7.6 l) to 10 US gallons (38 l) of wastewater per tonne of processed oil shale.


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PostPosted: 06 Sep 2010 20:45 
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Oilex strikes huge gas reserves in Gujarat.

Australia's Oilex on Monday said it has made huge natural gas discovery in Gujarat that may hold over 1.5 Trillion cubic feet of recoverable reserves.


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PostPosted: 06 Sep 2010 22:48 
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This D3 block looks like it could outdo the D6 block with 20 TCF of gas!

http://logisticsweek.com/news/2010/09/r ... ore-india/

Quote:
Reliance Industries has made its fourth natural gas discovery off the eastern coast of India.

The KGV-D3-W1 discovery well, which is located at block KG-DWN-2003 / 1 in the Krishna Godavari Basin, encountered a gross gas pay zone of 37.5m in Pliocene aged sands


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PostPosted: 07 Sep 2010 21:59 
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India Weighs Sale of Oil-Firm Stakes
Quote:
India's federal government is considering whether to sell 10% of its stake in Indian Oil Corp. and 5% of its stake in Oil & Natural Gas Corp. by March.

Quote:
The government holds a 78.92% stake in Indian Oil and a 74.14% stake in ONGC, India's flagship oil and gas explorer.

Quote:
India is looking to raise 400 billion rupees ($8.6 billion) this financial year by selling a small part of its holdings in several state-run companies to fund social and infrastructure projects and reduce its fiscal deficit. It is set to launch an initial share sale of Coal India Ltd., the world's largest-listed mining company by production in October.


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PostPosted: 09 Sep 2010 12:56 
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India mulls imporing Iran gas via sea
Quote:
"India has expressed willingness to restart negotiations through an international firm, to independently import natural gas from Iran via a sea pipeline," Iran Daily quoted deputy oil minister and managing director of the National Iranian Gas Company ( NIGC) Javad Owji as saying.

"No exact date has been yet finalised for the gas talks between Iran and India but they are expected to start after the month of Ramadan," Owji said.

He said that no decision has been yet taken on how to export Iran's gas to India.

Meanwhile, the report said that Bangladesh also has made a proposal to receive Iran's natural gas through the regional gas pipeline.


India cannot keep 'mulling' for decades while China keeps pulling the rug from under our feet. This project must have been initiated a long time back. A landline through Pakistan is an absolute 'No Go'. That country is slowly but surely collapsing and we cannot tie up important Indian industries (power & fertilizer) to a terrorist state. GoI was pressurized and made indecisive by vested interests for over a decade now. We could predict the Pakistani slide even a decade back and one wonders how all these wonderful 'think tanks' could not do that and deprived India of an important source of energy.

We keep worrying about "Oh. . what will happen to our civil nuclear energy programme if we now deal with Iran" and other similar fears. Over analysis and imaginary fears keep paralysing us and if we still click 8.5% GDP growth, it is phenomenal.


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PostPosted: 09 Sep 2010 15:14 
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rajkumar wrote:
wig wrote:
the German Military has conducted an instructive study into the problems that economies will face as oil production peaks. the study has apparently leaked. it makes for good reading. i have posted few extracts...


When I was a high school student in the early 80's the conventional wisdom was that Oil would run out by the year 2000 but guess what 2000 has come and gone and we still have Oil. I am not saying that it won't run out it may...but that all these peak oil therories are vapourware. All that the peak oil people seem to do is to move the target date back by 20 years just as the Russian Communists used to do when announcing the date of the arrival of true communisiom!!


While I truly believe that the earth is going to lose out to humankind's activities in the long run ( :( ), predicting the end of oil has certain limitations.

First, we still don't know how much undiscovered oil there is on the planet. For all we know, it could last us another century. Second, oil exploration and drilling is getting more technologically advanced thus allowing for much more accuracy in finding new sources of oil, estimating their worth and bringing it to the downstream. Currently, about 70 percent of the world's oil comes from onshore fields, but this is expected to change in the next many years due to the growth of offshore drilling.

Yes, despite BP spill et al, most of the oil in the future will come from the sea, as exploration and drilling technology becomes more advanced. The KG basin is our own gold mine in our own backyard. This is not to say that onshore drilling is slowing down. In fact, new discoveries are being made every day.

Thirdly, natural gas is only now beginning to enter the energy equation, and being viewed as a viable alternative to oil. I believe it is estimated that the earth has much greater reserves of natural gas than oil, so there is expected to be a quantum increase in its exploration, drilling and consumption. A case in point is the growth of gas-fired power plants.

Despite all this, I believe that the earth still can't sustain humankind's industrial juggernaut, the way it is rolling on right now, with scant regard to the environmental and social costs, and eventually we will have to answer for the unsustainable lifestyle, no matter how much oil there is in the world. My personal opinion is that we can thank the 'developed' WASP world for guiding us to this path, and they'll be the first ones to feel the pinch when they'll have to downgrade from their extreme lifestyle.


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PostPosted: 17 Sep 2010 12:10 
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Gail Gas ties-up Rs 4 bn funding from OIDB
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GAIL Gas, a wholly-owned subsidiary of GAIL (India) has tied-up Rs 4 billion from OIDB for expanding its network of natural gas distribution in more cities, a top company official said, reports agency source. The company currently distributes in six cities such as Dewas, Sonepat, Kota and Meerut, among others, and is in the fray to win the bids for eight more.


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PostPosted: 21 Sep 2010 18:04 
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India in the running for Russia's Arctic oil
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Russia's Natural Resources Minister Yuri Trutnev said on Tuesday that India's ONGC was the only foreign oil company to place a bid for Russia's giant Arctic Trebs and Titov oil deposits.

"The deposits are classified as strategic, and so it is up to a government commission to decide whether can participate alone, but I doubt that will be the case. I would be surprised," Trutnev told reporters.

On Monday, Nord Imperial, the Russian subsidiary of ONGC, India's state-run oil and gas company, submitted its bid application for the fields to Rosnedra, the government agency responsible for subsoil licences.

Trutnev confirmed that oil firms LUKOIL, Russia's No.2 oil producer, TNK-BP, half-controlled by BP, Gazprom Neft, Surgutneftegaz, and mid-sized firm Bashneft also placed bids.

The Trebs and Titov deposits, the largest unallotted hydrocarbon fields remaining in state reserves, holding an estimated 200 million tonnes of oil reserves, will be sold at a government auction on Dec 2.

Rosneft, the country's largest oil producer, did not bid, but the firm's new President, Eduard Khudaynatov, said it would consider joining the project if a potential partner wins the bid, Platts reported.

Khudaynatov did not say which of the six bidders was a potential partner, but previous reports have named ONGC.

Last month, sources in ONGC and Rosneft told Russian business daily Vedomosti that ONGC proposed a joint bid for the oil fields to Rosneft.

In March, the Russian government said it would consider allowing ONGC to enter the running for development rights of the Trebs and Titov fields, as the country was looking to double trade with India to $20 billion by 2015.


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PostPosted: 21 Sep 2010 18:12 
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Joined: 28 Dec 2007 19:30
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Published on Sep. 01, 2009
By Priyanka Bhardwaj
A Qatar-to-India Pipeline?: Energy Tribune
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SAGE, an Indian private sector initiative, is a joint venture between the Siddhomal group, an Indian firm, and UK-based Deep Water Technology Co. The venture is independent of state-to-state negotiations for implementing trans-national pipelines which have generated headlines in recently. The consortium has claimed financial feasibility in connecting India to the Gulf and is looking to create a $3-billion natural gas transportation infrastructure, with another $3 billion needed if Iran is brought into the loop.

If all goes well, the SAGE energy corridor is expected to be completed by about 2015. The pipelines would reach a depth of 3,500 meters and the terrain has been extensively surveyed over the last two decades.

In the first phase, 31 million cubic meters per day (1.1 Bcf per day) could be transported to the Indian west coast from Qatar. Three pipelines are expected to be laid. The deepwater pipelines will traverse the Arabian Sea south of territorial waters and economic exclusion zones of all third party nations.

The financial and technical issues are challenging. No pipelines have ever traversed such deep waters. But a senior official from GAIL, told Energy Tribune “We expect that the pipeline will draw good investment response from players in India and West Asia . GAIL has procured intensive studies conducted by leading oil and gas industry deepwater pipeline specialists, Heerema Marine Contractors and INTECSEA, who have said that the Mideast pipeline project is technically feasible. This was an important consideration in signing the deal with SAGE.’’


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PostPosted: 21 Sep 2010 18:22 
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Published on Sep. 20, 2010
India, Oman mull sub-sea pipeline to pump Turkmen and Iranian gas: RiA Novosti
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DUBAI: India is actively considering building a 2,000-km-long deepwater transnational gas pipeline from Oman for transporting natural gas sourced from Turkmenistan, Iran and Qatar, a leading industry official has said.

The proposed sub-sea pipeline will meet the additional gas requirement of the UAE, Oman and India, besides easing gas transportation issues of producing countries like Turkmenistan, Iran and Qatar, Subodh Kumar Jain, Director of South Asia Gas Enterprise (SAGE), told Times of Oman.

SAGE, a joint venture between the Siddhomal group, UK-based Deep Water Technology and an Indian firm, is a special project vehicle for building the 2000-km long-sub-sea pipeline.

"We are trying to create an energy corridor. It is a grand scheme of several pipelines. It will connect energy producing countries like Iran, Turkmenistan, Qatar, and will pass through the UAE and Oman, all the way to India," Jain told the newspaper.

As per the plan, the pipeline will originate from Oman and will end either in Gujarat or Maharashtra.

For the gas to be routed to Oman from Qatar, Iran and Turkmenistan, additional pipelines will be needed.

Gas sourced through this will carry an additional transportation tariff, which will accrue to SAGE.

India imports around 26mscmd of LNG. The country is short on natural gas. It needs around 180mscmd, while the supply is 106mscmd.

Jain said the main sub-sea pipeline between Oman and India will cost between $3 to 4 billion.

"We are now discussing with Iran, Turkmenistan and Qatar for sourcing gas for the proposed pipeline. That is the biggest challenge. Besides, there are a lot of geopolitical and security issues involved," Jain said.

After ensuring gas, it will take five years to completed the project. The pipeline will be designed and built by an international consortium.

Demand for gas in India will continue to exceed supply from domestic sources and imported gas will play an important role in bridging the demand-supply gap in the Indian market.


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