Category Archives: OilGas

  • Exxon may decide on FEED for Russian Far East LNG project in 2019

    Posted on March 20, 2019 by Diligentia News in OilGas.

    Exxon Mobil’s Russian unit may take a decision this year on the Front End Engineering Design (FEED) for its Far East Liquefied Natural Gas project with Rosneft, Alexander Popov, vice president at Exxon Neftegaz, said on Wednesday. The company is continuing to hold talks on gas supplies from the Sakhalin 1 oil and gas project […]

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  • Qatar to launch largest energy bank with $10 billion

    Posted on March 20, 2019 by Diligentia News in OilGas.

    Qatar will launch the world’s largest energy bank with a capital of $10 billion in 2019, an official of the new bank said. The move comes in the context of a fast-growing energy sector in Qatar, which plans to expand the capacity of annual production of liquefied natural gas (LNG) to 110 million tonnes by […]

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  • GAIL (India) Limited to Equip its Gas Turbines with Siemens Remote Diagnostic Services

    Posted on March 20, 2019 by Diligentia News in OilGas.

    Siemens will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL covering gas turbines installed across Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and Vijaipur C2/C3 Plant. The scope includes supply of RDS hardware, site installation and commissioning, including three years’ remote Operational Service Desk (OSD) and Help-desk services. The 24/7, year-around accessible OSD will be equipped with machine learning […]

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  • Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery

    Posted on March 20, 2019 by Diligentia News in OilGas.

    India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. Sri Lankan officials said the 200,000 barrel-per-day refinery will be built on 585 acres near the site of […]

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  • Now petrol pumps want an exemption on code of conduct

    Posted on March 20, 2019 by Diligentia News in OilGas.

    Public-sector oil marketing companies, Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL), have approached the petroleum ministry to seek an exemption from the election commission for going ahead with the allotment of at least 31,800 petrol pumps. The companies had opened bids for at least 78,493 petrol stations across the […]

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  • China plans national oil and gas pipeline company

    Posted on March 20, 2019 by Diligentia News in OilGas.

    * A top-level communist party body meeting chaired by President Xi Jinping approved guidelines on oil and gas pipeline operation mechanism reform on Tuesday, state television reported * China will form a state-controlled oil and gas pipeline company with diverse investors, it said * The national company, a highly anticipated reform announced by China’s state […]

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  • India’s fuel demand rises 3.8 per cent in February

    Posted on March 19, 2019 by Diligentia News in OilGas.

    India’s fuel demand rose 3.8 per cent in February as free cooking gas connections spurred LPG consumption while petrol and diesel use continued to rise. Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of […]

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  • Oil consumption jumps for third month ahead of elections

    Posted on March 19, 2019 by Diligentia News in OilGas.

    Oil consumption in India continued to gather strength in February as increased demand for transportation and cooking fuel ahead of federal elections outweighed an economic slowdown. India’s total usage of oil products increased 3.8 percent to 17.4 million tonnes in February from a year ago, according to the oil ministry’s Petroleum Planning & Analysis Cell. […]

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  • Russia’s Gazprom held talks with Serbia over gas pipeline

    Posted on March 19, 2019 by Diligentia News in OilGas.

    The chief executive of Russia’s Gazprom, Alexey Miller, has held talks with Serbian President Aleksandar Vucic over the construction of a gas pipeline in the Balkan country, Gazprom said on Tuesday. The gas pipeline would run from the border with Bulgaria to the border with Hungary, the statement said. Gazprom has built the first line […]

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  • Gasoline demand growing in China, India

    Posted on March 19, 2019 by Diligentia News in OilGas.

    Gasoline demand in China and India has experienced growth to start 2019, Kallanish Energyreports. Opec’s Monthly Oil Market Report (Momr) released last week shows oil demand is growing in both countries. China’s figures rose by 0.40 million barrels per day (Mmbpd) in January, compared to the same period in 2018. India’s oil demand accelerated by […]

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