• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 hour Saudi Arabia turns to solar
  • 5 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 21 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 15 hours Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 3 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 16 hours Gazprom Exports to EU Hit Record
  • 16 hours OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
  • 5 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 12 hours U.S. Withdraws From U.N. Human Rights Council
  • 20 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours What If Canada Had Wind and Not Oilsands?
  • 14 hours "The Gasoline Car Is a Car With a Future"
  • 1 day EVs Could Help Coal Demand
  • 9 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 15 hours Sell out now or hold on?
Dave Forest

Dave Forest

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

More Info

Trending Discussions

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




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News