US oil and gas giant Chevron has started production from two new onshore wells in the Jalalabad gas field, northeastern Bangladesh, with output of around 90,000 Mcf/day, a senior Petrobangla Continue Reading
Desperate to reverse a noticeable and embarrassing deterioration of the air quality in India’s capital, the government on Friday said it plans to restrict the number of cars allowed on Continue Reading
Rains eased in the flood-hit city of Chennai on Friday, raising hopes that rescue efforts could pick up, after the death of 18 patients at a private hospital added to Continue Reading
The Indian state of Tamil Nadu has seen its heaviest rainfall in over a century, driving thousands from their homes, shutting auto factories and paralyzing the airport in the state Continue Reading
The capitals of the world’s two most populous nations, China and India, were blanketed in hazardous, choking smog on Monday as climate change talks began in Paris , where leaders Continue Reading
Crumbling power sector in Pakistan putting pressure on the nation’s economy, Asian Development Bank says. File photo by Stephen Shaver/UPI MANILA, Nov. 20 (UPI) — The Asian Development Bank said it was providing more than $1 billion in loans to help Pakistan address chronic power issues in the country. Pakistan’s aging infrastructure means the country lacks a reliable power sector. The ADB described the status of the power sector in Pakistan as "crippling." The bank approved combined loans of nearly $1.4 billion covering two programs meant to resolve key power sector issues in Pakistan. Most of the initial funding will support advanced metering infrastructure . "Nearly 20 percent of generated electricity is lost due to high technical and commercial losses and measures like the installation of the AMI system are necessary to counter this," ADB energy specialist Adnan Tareen said in a statement. According to the ADB, Pakistan’s power […]
A driver waits in a taxi for his turn to fill up his tank with diesel at a fuel station in Kolkata in this file photo taken on June 14, 2012. – China’s fuel usage tends to gather headlines as an indicator of the strength of global crude oil demand, and while this has been justified, the real growth action is happening over the Himalayas in India. India’s total demand for oil products is about one one-third of that in China, but the South Asian nation is powering up as China’s growth moderates. This isn’t entirely unexpected given that the slowdown in China’s economic growth is well known, as is the rotation toward a more service- and consumer-oriented economy from one reliant on heavy industry. India’s rapid gains in fuel consumption have seen it overtake Japan to become Asia’s second-largest crude oil importer behind China, and this growth trend […]
India’s fuel demand touched a five-month high in October as demand for vehicles ahead of the festive season led to a surge in the consumption of diesel and gasoline. Oil demand during the month shot up 17 percent to 15.2 million metric tons from a year earlier, the highest since May, according to data published by the oil ministry’s Petroleum Planning & Analysis Cell . Diesel use rose 16 percent to 6.34 million tons, while gasoline consumption increased 14 percent to 1.85 million tons. With the onset of the festival season, passenger car sales jumped 22 percent in October, while industrial production rose 3.6 percent in September from a year earlier. Asia’s third-largest economy can grow at a pace of 8 percent to 10 percent in the coming years, Finance Minister Arun Jaitley said on Nov. 14. Diesel demand, which comprises about 42 percent of India’s fossil-fuel consumption, was […]
UN climate chief: global emissions pledges not enough yet Governments’ emissions-cutting pledges ahead of a … NOC tankers reach Rasuwa, receive warm welcome from locals The 12 tankers sent by Nepal Oil Corporation to br… Traffic police intensify cross checking in Tanahaun Kathmandu, October 28 The ‘unofficial’ border blockade by India has hit the business sector hard. Many industries across the county are on the verge of closure while there is an acute shortage of essentials and petroleum products in the market. “Vehicles carrying essentials and clothes that have been stuck at the Nepal-India border are yet to make it into the country. Unlike in the past, my business was down during this Dashain ,” said Dipak Subedi, who runs a cloth store in the Capital. Likewise, Shanta Lama of Dolakha, who runs a footpath stall selling grocery items, said that her business is facing a hard time as […]
KATHMANDU, Nepal – Fuel-starved Nepal has signed an agreement with China to import gasoline, diesel and cooking gas, effectively ending a monopoly on supply from India, which has restricted fuel convoys as a result of political protests in the Himalayan nation. The decision to import Chinese oil amid severe shortages has brought China a step closer to Nepal, which traditionally is more influenced by India in the south. The two Asian giants have been jostling for influence in landlocked Nepal. Nepal sent a team of officials this week to Beijing, where they signed a memorandum of understanding Wednesday with China National United Oil Corp., said Nepal Oil Corp. official Deepak Baral. Details on how much fuel Nepal will receive, prices and other arrangements still need to be worked out, Baral said, but he confirmed the supply would be on a regular basis. It would be the first time for […]
