Panagariya launches India Energy Security Scenarios

New Delhi, Aug.28 (ANI): Dr. Arvind Panagariya, Vice Chairman, NITI Aayog, has launched the India Energy Security Scenarios (IESS) 2047 Version 2.0 and unveiled the IESS website along with the documents at a conference organized by FICCI in partnership with NITI Aayog.

Why Saudi Arabia won't cut oil production

Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward.

Australia's Pollution Level Seen Rising Beyond Abbott's Target

Australia’s greenhouse gas emissions are likely to rise in the next 15 years, missing by a wide margin a target proposed for United Nations talks on global warming, a team of researchers said.

Barack Obama singles out Koch brothers over fossil fuel lobbying

Barack Obama has railed against US political and business figures who oppose the expansion of wind and solar power in a speech where he singled out the influential Koch brothers for criticism.

Russian Security Service Said to Stall Schlumberger Deal

Russia’s Federal Security Service, the main successor to the KGB, is holding up Schlumberger Ltd.’s acquisition of a 46 percent stake in Eurasia Drilling Co., according to two people with knowledge of the matter.

Gas Golden Age Fades as Supply Boom Meets Japan Nuclear Rebirth

The golden age of natural gas lost some of its luster this month. Japan, the world’s biggest buyer of the fuel in liquid form, restarted a nuclear reactor on the island of Kyushu Aug. 11, re-embracing atomic power to shrink energy-import costs.

Victoria to fast-track the construction of 50 new wind turbines worth $200m

The Victorian government has set itself against the Coalition government over renewable energy by fast-tracking plans to build 50 new wind turbines worth $200m.

Barrel of US crude drops below $40

NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.Friday's fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year.

Japan switches on first nuclear reactor since Fukushima disaster

TOKYO — Japan switched on a nuclear reactor Tuesday on the southern island of Kyushu, marking a first, tentative return to nuclear energy after catastrophic meltdowns four years ago at the Fukushima plant.

'Tony Abbott’s hubris is staggering': UK's climate adviser on emissions target

Australia’s “pathetic” 2030 emissions reduction target shows the country has opted out of the global effort to limit warming, according to the head of the British government’s climate change advisory body.

Slip sliding oil and inflation data

Producer price inflation data, consumer sentiment and industrial production are on tap for Friday, but traders may be diverted more by other factors, such as whether oil continues to slide.

Fracking bids to be fast-tracked

Shale gas planning applications are to be fast-tracked under new government measures to crack down on councils that delay on making a decision.

Oil at $30 Is No Problem for Some Cost-Cutting Bakken Drillers

The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance.

For Norway, Oil at $50 Is Worse Than the Global Financial Crisis

When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story.

U.S. vs. Saudi Arabia: The Oil War

Saudi Arabia leads the Organization of the Petroleum Exporting Countries (OPEC), launched an economic oil war with the United States in November last year when it decided not to cut its production despite the declining oil prices.

Coal is not the answer to India's energy poverty, whatever Tony Abbott says

Adani’s huge Carmichael coal mine – the biggest in Australian history – has been overturned by the federal court, causing much consternation for coal advocates, chief among them Australian prime minister Tony Abbott.

Russia lays claim to vast areas of Arctic

Russia has submitted a bid to the UN claiming vast territories in the Arctic, the country’s foreign ministry said on Tuesday.

Kerry Meets Arab Gulf Ministers to Ease Concerns Over Iran Deal

Secretary of State John Kerry is meeting Gulf foreign ministers Monday to provide assurances that the U.S. commitment to the oil-rich region isn’t wavering after last month’s landmark nuclear agreement with Iran.

A $600 million coal mine just sold for less than $1

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

Putin's Energy Giant Falls on Hard Times

Years of mismanagement and politically driven expansion are catching up to the Russian state-owned natural gas company Gazprom.