Category Archives: OilGas
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41% in India still rely on biomass for cooking, emitting 340 mn tonnes of CO2 annually
Posted on January 31, 2024 by Diligentia News in OilGas.Forty-one percent of the Indian population still uses wood, cow dung or other biomass as cooking fuel and cumulatively emits around 340 million tonnes of carbon dioxide into the environment every year, which is about 13 per cent of India’s greenhouse gas emissions, according to a new report. The report “India’s Transition to E-cooking” by […]
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LNG market expansion needs South Asian demand
Posted on January 30, 2024 by Diligentia News in OilGas.LNG’s penetration into South Asian markets is significant, but nowhere near its potential. India, Pakistan and Bangladesh represent combined markets of some 1.7bn people. These countries are characterised by static or falling domestic gas production combined with high rates of energy demand growth and a desire to increase the use of gas within their economies […]
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Oil regulator PNGRB launches drive to increase piped gas adoption
Posted on January 29, 2024 by Diligentia News in OilGas.Oil regulator PNGRB has launched a two-month long nationwide drive to increase adoption of piped natural gas as a cooking fuel in household kitchens in an attempt to cut dependence on imported fossil-fuels. “The Petroleum and Natural Gas Regulatory Board (PNGRB) along with city gas distribution entities will run a campaign from January 26 to […]
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Russia And Iran Finalize 20-Year Deal That Will Change The Middle East Forever
Posted on January 29, 2024 by Diligentia News in OilGas.Iran’s Supreme Leader, Ali Khamenei, gave his official approval on 18 January to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia, according to a senior energy source in Iran and a senior source in the European Union’s (E.U.) energy security complex, exclusively spoken to by OilPrice.com last week. The […]
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100 new biogas plants soon to be established in UP: Hardeep Puri
Posted on January 29, 2024 by Diligentia News in OilGas.Lucknow, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh. Speaking to reporters in Lucknow before going to the inauguration of the Compressed Bio Gas Plant in Budaun, Puri said that in the last seven years, under the leadership of […]
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Red Sea Crisis: No disruption in oil flows to India, only freight up, says HPCL head
Posted on January 29, 2024 by Diligentia News in OilGas.The ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted the flow of crude oil to India but freight has gone up due to rerouting via the Cape of Good Hope, Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi said. India, the world’s third-biggest oil importer, gets a […]
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Alaska’s State-Sponsored LNG Project Is Struggling To Find Investors
Posted on January 29, 2024 by Diligentia News in OilGas.Last year, the Biden administration issued the green light for ConocoPhillips’ (NYSE:COP) $8 billion Willow project in Alaska, ending the company’s long wait much to the consternation and chagrin of environmentalists. ConocoPhillips is the largest crude producer in Alaska and also the largest owner of exploration leases, with extensive holdings in Prudhoe and the National […]
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India’s renewable energy revolution: Brighter skies ahead
Posted on January 29, 2024 by Diligentia News in OilGas.India’s renewable energy journey has been nothing short of remarkable. Driven by strong government support, a burgeoning domestic market, and a growing pool of skilled professionals, the country has emerged as a global leader in renewable energy deployment. The latest IEA report, “Electricity 2024,” further underscores India’s immense potential in this sector. According to the […]
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Indo-Lanka virtual LNG pipeline could bring down electricity costs: New Indian HC
Posted on January 29, 2024 by Diligentia News in OilGas.The government has initiated discussions with India to set up a Kochi-to-Colombo virtual liquefied natural gas (LNG) pipeline that could bring down electricity tariffs. “…we are also working to set up a virtual LNG pipeline from Kochi to Colombo to bring down electricity costs in Sri Lanka,” said newly appointed Indian High Commissioner in Colombo […]
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India’s gas demand to rise 6% in 2024: International Energy Agency
Posted on January 29, 2024 by Diligentia News in OilGas.India’s natural gas demand is expected to rise by 6 per cent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 per cent year-on-year decline observed in 2022, India’s primary gas supply rose by 5 per cent in 2023, […]
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