Archive | October, 2010

Shale Gas Triumphs as Oil India Looks for International Assets

India’s state- controlled Oil India released an announcement this evening stating that the nation’s leading companies such as Indian Oil Corp. and GAIL will likely venture overseas in order to fully explore international shale gas reserves. Seven of the emerging country’s largest and most lucrative banks have been brought in as facilitators for India’s purchasing [...]

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Though the oil is dissipated, the lacklustre policies still linger

The recent months have been less than warm and friendly for the energy stocks in the US, as the global recession and the disastrous BP Gulf of Mexico spill have delivered tremendous blows to the once- mighty industry. The market for the fuel has been extremely volatile in these months, with the dubious states of [...]

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New Regulations Cause Concerns at BP

In an interview on Friday, British Petroleum addressed a bill that is currently making its way through Congress.  A representative announced that the bill would harm BP’s ability to pay victim compensations for the oil spill. The new bill in Washington prohibits companies from drilling for oil in the outer continental shelf if they have [...]

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The American Green Trend and Obama

President Obama visited a Wisconsin plant recently that specializes in the manufacturing of renewable energy products such as batteries and power platforms used for energy storage. The plant has recently received a Recovery Act grant totalling $1.3 million. Obama gave a fervent speech to the plant’s gathered workers promising to make place for more than [...]

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The disadvantages of green energy advancements in Australia

A recent study released by the New York Times about the renewable energy market in Australia stated that though the clean alternative fuels currently make up a meager 6% of the nation’s supplies; the coming few years may see those figures could soar drastically. One of the primary muscles behind the ambitious claim is the [...]

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A specific non- compete clause may be the answer to Vedanta’s takeover woes

Vedanta’s first venture into the oil and gas industry has so far been plagued by perpetual troubles and obstacles. The company’s plans to purchase more than 20% of Cairn India in a hostile open offer were seemingly a completed deal, yet the nation’s government has put pressure on Cairn India to let the locally- based [...]

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