(EnergyAsia, December 3 2012, Monday) — The company at the centre of India’s worsening coal and power supply crises has sought to lay off some of the blame onto the country’s poor rail infrastructure. With coal generating some 65% of India’s electricity, its timely delivery to power plants around the country is crucial to keeping...
(EnergyAsia, December 3 2012, Monday) — Directed by an inter-ministerial group, India’s coal ministry has continued to cancel the allocations of companies for failing to start work or develop deposits within deadline. Last month, the ministry issued letters to at least eight companies rescinding their rights to develop several coal blocks around the country. The...
(EnergyAsia, December 3 2012, Monday) — Beleaguered UK major BP said it has completed the sale of oil and gas fields in the US Gulf of Mexico and agreed to sell off its North Sea assets to two companies in deals worth a total of approximately US$6.65 billion. In separate statements on November 30, BP (more…)
(EnergyAsia, December 3 2012, Monday) — In a rare moment of agreement, the world’s three leading energy agencies have all slashed their forecasts for global oil demand growth for 2012 and 2013. In their latest monthly forecasts, the International Energy Agency (IEA) representing the world’s leading 28 industrialised consumer countries, the Organisation of Petroleum Exporting...