Category Archives: OilGas
-
New Reactor Design Is A Gamechanger For Green Hydrogen
Posted on November 28, 2023 by Diligentia News in OilGas.The total market potential of hydrogen technology could reach $11 trillion by 2050, with major advancements and falling production costs, says Bank of America, which firmly believes “we are reaching the point of harnessing the element that comprises 90% of the universe, effectively and economically”. This year, in particular, has seen major momentum … Germany […]
Continue Reading... No Comments. -
IOC corners more than a third of D6 gas in latest Reliance auction
Posted on November 28, 2023 by Diligentia News in OilGas.State-owned Indian Oil Corporation (IOC) has cornered more than a third of natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the KG-D6 gas, sources said. IOC got 1.45 million standard cubic meters per day out of the 4 mmscmd of gas auctioned last week. […]
Continue Reading... No Comments. -
Does the Natural Gas Industry Have a Future?
Posted on November 28, 2023 by Diligentia News in OilGas.The natural gas industry’s domestic sales pattern over the past two decades makes one wonder whether the industry has much of a future. Okay, sales volume has gone up, at a slow pace, but most of that growth is due to increasing sales to wholesale electric power generators. The rest of the market has shown […]
Continue Reading... No Comments. -
Regulator adds Mizoram to the bidding round
Posted on November 28, 2023 by Diligentia News in OilGas.Oil regulator PNGRB has added Mizoram to the areas it has offered for bidding for a licence to retail CNG and piped cooking gas in the latest city gas bid round. In a notice, the Petroleum and Natural Gas Regulatory Board (PNGRB) said in continuation of the bids invited on October 13 for the development […]
Continue Reading... No Comments. -
India mandates biogas blending in CNG, piped gas
Posted on November 28, 2023 by Diligentia News in OilGas.India plans mandatory blending of compressed biogas (CBG) in domestic compressed natural gas (CNG) and piped natural gas (PNG) to cut its reliance on expensive imports of LNG. Blending will initially be voluntary at 1pc for automobiles and households from the April 2024-March 2025 fiscal year and become mandatory from 2025-26, the oil ministry said […]
Continue Reading... No Comments. -
TAPI project gets special concessions
Posted on November 28, 2023 by Diligentia News in OilGas.The caretaker government of Pakistan is said to have exempted Turkmenistan Afghanistan-Pakistan-India (TAPI) Gas Pipeline project from the Open Access Regime, OGRA Gas (Third Party Access) Rules 2018 and the Pakistan Gas Network Code, besides standard waiver of immunity in line with international precedents to be included in the Host Government Agreement (HGA), sources close […]
Continue Reading... No Comments. -
India’s appetite for Russian oil reduces, share slips to lowest in 9 months as OPEC gains
Posted on November 27, 2023 by Diligentia News in OilGas.OPEC’s share in India’s oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia’s share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations […]
Continue Reading... No Comments. -
Indian Oil to double Ennore LNG terminal’s capacity to 10 mln tpy
Posted on November 27, 2023 by Diligentia News in OilGas.Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas (LNG) import terminal at Ennore in southern India, Sandeep Jain, the company’s executive director for gas business, said on Friday. The company plans to expand capacity to 10 million metric ton per year (tpy) amid the growing demand […]
Continue Reading... No Comments. -
India seeks to build strategic reserves by storing gas in depleted wells
Posted on November 27, 2023 by Diligentia News in OilGas.India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of natural gas company GAIL (India) Ltd said on Friday. The strategic facilities would be built in phases in India’s western and northeastern regions with […]
Continue Reading... No Comments. -
Petroleum Minister Hardeep Puri inaugurates floating re-fueling (CNG station for boats at Ravidas Ghat
Posted on November 27, 2023 by Diligentia News in OilGas.In a significant step towards a pollution free Varanasi, the city’s second floating Compressed Natural Gas (CNG) Mobile Refueling Unit (MRU) station at Ravidas Ghat was inaugurated today by Minister of Petroleum and Natural Gas & Housing and Urban Affairs Shri Hardeep Singh Puri. This is the country’s second such station built to fill CNG […]
Continue Reading... No Comments.
