NEW DELHI (AP) — India and America's declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. Few expect the potentially lucrative Indian market to suddenly become less complicated for U.S. nuclear companies.
President Barack Obama's three-day visit to New Delhi raised hopes for concrete plans to tackle India's fossil fuel dependency and to resolve a four-year standoff over liability that prevented U.S. and Japanese nuclear energy development on Indian soil. Instead, there were vague commitments and public displays of chumminess between Obama and Prime Minister Narendra Modi.
NEW DELHI (AP) — President Barack Obama on Monday took in a grand display of Indian military hardware, marching bands and elaborately dressed camels, becoming the first American leader to be honored as chief guest at India's annual Republic Day festivities.
The crowd erupted in cheers as Obama, along with first lady Michelle Obama, emerged from his armored limousine and took his place on the rain-soaked parade route in the capital of New Delhi. The parade was the centerpiece of Obama's three-day visit to India, which is aimed at strengthening a relationship between the world's largest democracies that has at times been fraught with tension and suspicion.
NEW DELHI (AP) — When President Barack Obama arrives in New Delhi on Sunday he will join the Indian capital's masses in breathing some of the world's filthiest air.
Hazy skies will serve as the backdrop to meetings with Indian Prime Minister Narendra Modi and other officials who are expected to discuss India's biggest environmental woes: Heavy reliance on fossil fuels that has transformed New Delhi into the planet's most polluted capital and made India the third biggest national emitter of greenhouse gases.
India is hoping its drive to expand its renewable energy sector will get a boost – in the form of technology and private sector partnerships – when President Barack Obama visits this weekend, and the fight against climate change will also be on the table in discussions with Prime Minister Narendra Modi, Reuters reports.
AHMEDABAD, India (AP) — U.S. Secretary of State John Kerry on Sunday called for a rapid expansion of U.S.-India trade and commercial ties as he attended an international investment conference ahead of visit by President Barack Obama later this month.
Kerry led the U.S. delegation to the investment summit in Ahmedabad, the main financial city in Indian Prime Minister Narendra Modi's home state of Gujarat. Kerry said it was imperative that economic ties between the two countries grow for the sake of Indian development, reducing poverty and fighting climate change.
NEW DELHI (AP) — Around half a million coal workers in India called off their strike following an assurance by the government it wouldn't sell state-run Coal India Ltd. to private investors.
They ended their protest late Wednesday after Coal and Power Minister Piyush Goyal assured them that Coal India, which accounts for 80 percent of India's coal production, would not be privatized and the interests of workers would be protected.
NEW DELHI (AP) — Low-cost Indian airline SpiceJet grounded all flights Wednesday after oil companies stopped supplies of jet fuel to the financially beleaguered carrier.
No SpiceJet flights had taken off Wednesday and passengers were making arrangements to shift to other airlines, a Delhi airport official said speaking on condition of anonymity because he was not authorized to speak to the media.
NEW DELHI (AP) — Facing a stumbling economy at home and increasingly biting Western sanctions, Russian President Vladimir Putin sought Thursday to strengthen once-close relationship with India through an ambitious plan to help New Delhi build at least 12 new nuclear reactors.
Putin and Indian Prime Minister Narendra Modi ended a day of talks by announcing a clutch of agreements in energy and defense, including a plan to manufacture advanced Russian military helicopters in India, and the possibility of exporting them to other countries.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.