Category Archives: OilGas
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Russia to remain India’s No 1 crude oil supplier: Analysts
Posted on October 6, 2025 by Diligentia News in OilGas.India’s crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country’s total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow’s war effort in Ukraine. India’s crude imports in September were around 4.7 million barrels per day, up […]
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Economics trumps politics: India’s US oil, LNG imports slump sharply
Posted on October 3, 2025 by Diligentia News in OilGas.Shipments of crude oil from the US to India dropped by an average of 40 per cent in August and September—coinciding with US President Donald Trump ratcheting up pressure on India—from July levels. Senior industry officials told Business Standard that when it comes to oil and gas, “economics trumps politics”. Imports of LNG from the […]
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India’s oil market splits as state refiners cut Russian crude & private players ramp up buys
Posted on October 3, 2025 by Diligentia News in OilGas.India’s oil market is split, with state-run refiners retreating from Russian crude amid US pressure and narrowing discounts while private refiners are stepping up sourcing State-run refiners cut Russian crude purchases in September, signalling caution. Their imports averaged 605,000 barrels per day (bpd) — 32% below their April-August average, 22% lower than in August, and […]
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India’s gas story losing steam? Why high LNG prices are a worry for Gujarat Gas, IGL, MGL — but boosting GAIL
Posted on October 3, 2025 by Diligentia News in OilGas.India’s gas market is showing signs of strain, and the latest note from brokerage group JM Financial makes it clear why. Demand has flattened, domestic output is slipping, and expensive LNG in Asia is hurting the very companies expected to expand gas consumption. A recent report by JM Financial highlighted how elevated spot prices are […]
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PNGRB report maps step-wise hydrogen blending: 2% safe, 20% only with new infra
Posted on October 3, 2025 by Diligentia News in OilGas.India’s petroleum and gas regulator has drawn up a roadmap for phased hydrogen blending in natural gas pipelines, setting safe thresholds, and benchmarking global pilot projects as reference models for domestic rollouts. According to a report prepared jointly by the Petroleum and Natural Gas Regulatory Board’s (PNGRB’s) Hydrogen Cell and ICF Consulting India, hydrogen blending […]
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Union Minister Hardeep Singh Puri announces discovery of natural gas in Andaman Sea
Posted on September 29, 2025 by Diligentia News in OilGas.In a significant development, Union Petroleum Minister Hardeep Singh Puri has announced that natural gas has been discovered in the Andaman basin, confirming the long-held belief that the Andaman Sea is rich in natural gas. In a social media post last night, the Minister said, an ocean of energy opportunities has opened up in the […]
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India plans higher oil and gas imports from US
Posted on September 25, 2025 by Diligentia News in OilGas.India is working on expanding energy imports from the US while pushing for reduced tariffs on its own exports, signalling a trade strategy that places energy security at the core of negotiations. Commerce Minister Piyush Goyal, who is currently in New York, confirmed that India expects to raise its purchases of US oil and gas. […]
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LNG Poised To Disrupt Heavy Vehicle Fuel Market, Says IGL MD
Posted on September 25, 2025 by Diligentia News in OilGas.Indraprastha Gas (IGL) is betting big on liquefied natural gas (LNG) as India’s next clean transport success story, drawing parallels with the transformation of compressed natural gas (CNG) over the last two decades. According to Kamal Kishor Chatiwal, Managing Director of IGL, even a modest shift from diesel to LNG in the trucking industry could […]
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No way out of Moscow: Why Indian oil companies’ $1.4 billion worth of dividends are stuck in Russia
Posted on September 22, 2025 by Diligentia News in OilGas.Indian public sector oil companies are facing a $1.4-billion question: how to repatriate their dividend income that has been piling up in Russia for over three years now? The Indian government and the companies have been attempting to find a resolution, but success has so far eluded them. While they are confident that the money […]
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ONGC, BP plan to step up hunt for oil, gas in India’s deep-sea next year
Posted on September 22, 2025 by Diligentia News in OilGas.Public sector upstream oil giant ONGC is poised to kick off the drilling of stratigraphic wells in India’s offshore basins at the beginning of next year as part of the country’s efforts to step up the search for oil and gas to enhance energy security and cut down on imports, a senior official has confirmed. […]
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