Category Archives: OilGas
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Puducherry to launch piped natural gas supply to industries from August 15
Posted on July 28, 2025 by Diligentia News in OilGas.Puducherry will commence supply of piped natural gas (PNG) to industries from August 15, with distribution to domestic and commercial consumers set to follow in phases. East Coast Natural Gas Distribution Pvt. Ltd., which is implementing the project, has completed an 18-kilometre main pipeline from the hook-up point at Sorapet to Mettupalayam. “We aim to […]
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Govt’s U-Turn? Gadkari Confirms 27% Ethanol Blending Norms By August 2025
Posted on July 28, 2025 by Diligentia News in OilGas.After denying the reports stating that 27 percent ethanol blending in petrol will be implemented in the near future, the Government of India is once again making a U-turn and has now announced that it will be finalizing the norms of 27 percent ethanol blending in petrol (E27) by the end of August this year. […]
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RBI Warns of Inflation Risks from Rising Oil Import Dependence
Posted on July 25, 2025 by Diligentia News in OilGas.In light of global crude oil price volatility, the Reserve Bank of India (RBI) has called for sustained vigilance and policy responsiveness to mitigate inflationary risks for India, a country heavily dependent on crude oil imports. In a paper titled ‘Revisiting the Oil Price and Inflation Nexus in India’ published in its latest Bulletin, the […]
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Epsilon Carbon launches LNG fleet to cut freight emissions and boost efficiency
Posted on July 25, 2025 by Diligentia News in OilGas.Epsilon Carbon Pvt. Ltd. has launched a fleet of six LNG-powered container trucks for carbon black freight, aiming to reduce emissions and improve supply chain efficiency. The fleet reduces CO₂ emissions by 20–25 per cent compared to conventional diesel trucks. It also cuts nitrogen oxides by up to 90 per cent and nearly eliminates particulate […]
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Indian billionaire seeks replacement for Russian oil – Bloomberg
Posted on July 25, 2025 by Diligentia News in OilGas.The largest oil refinery owned by Indian billionaire Mukesh Ambani has started looking for an alternative to Russian oil, Bloomberg reports The procurement policy of the Indian company Reliance Industries has come under scrutiny after the EU imposed new restrictions on diesel produced from Russian oil. According to traders, at the end of last week, […]
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BP India Chief: India-UK free trade agreement to boost energy cooperation, investments
Posted on July 24, 2025 by Diligentia News in OilGas.The long-coveted free trade agreement between India and the UK will pave the way for increased collaboration and investment in the energy sector, including in renewables, according to Kartikeya Dube, Head of Country and Chairman bp India. “The UK India Free Trade Agreement (FTA) is a great step towards enhancing trade relationship between two partner […]
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Russia Oil Trouble Hits: Shipowners And Oil Traders Avoiding Russia-Backed Nayara Energy In India; Impact After EU Sanctions
Posted on July 24, 2025 by Diligentia News in OilGas.European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery in India. Oil companies and vessel operators are distancing themselves from India’s Nayara Energy Ltd., following the European Union’s recent sanctions that specifically targeted the company. According to shipbrokers, vessel operators have become hesitant to engage with Nayara this […]
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India’s gas supply dries up amidst price swings
Posted on July 24, 2025 by Diligentia News in OilGas.India’s gas-fired power sector is facing a severe decline, with its share in the country’s electricity mix falling to just 2% from 13% more than a decade ago largely due to volatile global prices and limited production, according to analysts. Thirty-one gas power plants that accounted for 32% of the nation’s total gas-based generation capacity […]
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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Posted on July 23, 2025 by Diligentia News in OilGas.Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple: they’ve got the Permian, and Europe doesn’t. According to Wood Mackenzie, crude and […]
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New EU Russia curbs may bolster Indian oil refiners’ reliance on traders
Posted on July 23, 2025 by Diligentia News in OilGas.Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions, traders and industry sources said. Russia is India’s top oil supplier, and refiners such as Reliance Industries […]
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