Category Archives: OilGas
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LNG Industry Faces Uncertain Future
Posted on September 17, 2024 by Diligentia News in OilGas.Liquefied natural gas has become a major growth driver for the energy industry. Burning much more cleanly than either coal or oil, gas has earned a place in the energy transition—but that place is far from secure. Despite continued strong demand for LNG—which saw Qatar order 12 new LNG carriers—the expected growth in that demand […]
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Jindal Steel to have big investment on Green Hydrogen
Posted on September 17, 2024 by Diligentia News in OilGas.Jindal Steel (JSPL) and Jindal Renewables (JRPL) have inked a historical Memorandum of Understanding to implement India’s biggest investment in green hydrogen by any Indian steelmaker to date. This collaboration underscores a major commitment by both companies towards decarbonization and green energy leadership in India’s steel industry. The MOU outlines JSPL’s plan to integrate green […]
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Brazil To Cooperate In Ethanol Production Technology In India
Posted on September 17, 2024 by Diligentia News in OilGas.On the sidelines of the G20 Agriculture Ministerial Meeting held on 12 and 13 September 2024 in Cuiaba, Brazil committed to cooperating with India on ethanol production technology. A meeting between Minister of State for Agriculture and Farmers’ Welfare Ram Nath Thakur and Brazil’s Minister of Agriculture and Livestock, Carlos Favaro, took place on September […]
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Why No Major Oil Company Is Rushing To Drill Pakistan’s Huge Oil Reserves
Posted on September 16, 2024 by Diligentia News in OilGas.A long exploration effort has led to the reportedly massive discovery of oil and gas reserves in Pakistan’s territorial waters, a cache so large that it is said it could change the economic trajectory of the beleaguered country. But no one is rushing to drill in Pakistan, and experts are concerned about jumping the gun. […]
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Nayara Energy Sees 14% Rise in Domestic Fuel Sales, Exports Drop
Posted on September 16, 2024 by Diligentia News in OilGas.Nayara Energy, India’s largest private fuel retailer, posted a 14.3 per cent rise in fuel sales for the second quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. In the April-June quarter, Nayara sold 75 per cent of all diesel it produced at its Vadinar oil […]
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India’s Renewable Energy Journey To Serve As Model For Other Emerging Economies
Posted on September 16, 2024 by Diligentia News in OilGas.As the world’s largest democracy and a rapidly developing nation, India’s renewable energy journey will serve as a model for other emerging economies navigating the path to sustainability, Pralhad Joshi, Union Minister of New and Renewable Energy, has said. The country aims to achieve net-zero carbon emissions by 2070, focusing on renewable energy expansion, and […]
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ONGC Gets Director To Spearhead New Energy, Petrochem Business
Posted on September 16, 2024 by Diligentia News in OilGas.Oil and Natural Gas Corporation (ONGC) has got a new director to spearhead its new energy, petrochemicals and corporate strategy as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth. Arunangshu Sarkar has been appointed as Director for strategy and corporate affairs, ONGC said in a stock exchange filing. Before […]
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Abu Dhabi gives onshore block production license to India’s IOC-BPCL JV
Posted on September 13, 2024 by Diligentia News in OilGas.Abu Dhabi has awarded oil and gas production rights for an onshore block to a joint venture of Indian state-run refiners Bharat Petroleum Corp Ltd and Indian Oil Corp , BPCL said in a statement The Supreme Council for Financial and Economic Affairs of Abu Dhabi has granted rights to Urja Bharat Pte Ltd, an […]
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OMCs may reduce fuel prices if crude stays low: Petroleum Secy
Posted on September 13, 2024 by Diligentia News in OilGas.State-run oil marketing companies (OMCs) may consider lowering petrol and diesel prices if international crude oil prices remain subdued for an extended period, said Pankaj Jain, secretary at the ministry of petroleum and natural gas. His statement comes as Brent crude has traded below $75 per barrel for over a week. “OMCs will consider a […]
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Russia’s search for new crude markets helps India cut its oil import bill
Posted on September 13, 2024 by Diligentia News in OilGas.Russia’s diligent efforts to find markets for its crude oil and refined fuels since the Ukraine war, and ongoing tensions in the Red Sea are yielding conflicting outcomes for India’s crude purchases and diesel exports. Indian refiners are benefiting from lower crude prices but diesel exports to Europe are facing major challenges on the volume […]
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