• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 3 hours Let's shut down dissent like The Conversation in Australia
  • 13 hours Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 6 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 19 mins Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 8 hours Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 6 hours Donald Trump Proposes Harnessing Liberal Tears To Provide Clean Energy
  • 2 mins One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 5 hours Saudis Buying Oil From Iraq
  • 57 mins Ethanol is the SAVIOR of the Oil Industry, Convenience Store Industry, Automotive Supply Chain Industry and Much More!
  • 11 hours Trump Accidentally Discusses Technology Used In The Border Wall
  • 23 hours Democrats and Gun Views
  • 22 hours China Faces Economic Collapse
Alt Text

The Biggest Week In 50 Years For Oil

Oil markets saw the biggest…

Alt Text

Where Is The World's Safest Source Of Oil?

Alberta Premier Jason Kenney claimed…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

India Preps for an Energy Grab

We've heard a lot the last year or two about the race to secure natural resources between Asian nations like China, Japan and Korea.

Get ready for that space to grow more crowded. India is jumping into the fray.

Indian gas utility GAIL India and state-owned petroleum explorer Oil India both said this week they will consider their first-ever overseas debt sales. The issuances would allow foreign investors to buy into these companies, using dollar-denominated instruments.

The stated purpose for this new capital: M&A. Oil India says it is "actively studying" petroleum assets in Australia, South America and Africa.

I've talked about how India needs to get aggressive with foreign coal assets. Now it appears they are expanding the search into other energy arenas.

This even includes uranium. It emerged this week that Russian state nuclear company Rosatom has offered Uranium Corporation of India a role in developing the massive Elkon U deposits in Yakutia.

If India does enter the race for energy assets in earnest, it's going to make a tight space even tighter. Keep watching the signs.

Here's to the other Asian superpower.

By. Dave Forest of Notela Resources




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play