Category Archives: OilGas
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IndianOil to expand its LNG terminal at Kamarajar Port in Chennai
Posted on November 9, 2023 by Diligentia News in OilGas.Indian Oil Corporation Ltd. (IOCL) has proposed to expand the capacity of its liquefied natural gas (LNG) terminal located inside the Kamarajar Port, in Ennore, Chennai. At present, the terminal has the capacity to process and store 5 million metric tonnes per annum (MMTPA) of LNG. The company aims to double this capacity. This is […]
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GAIL alleges ArcelorMittal made misleading statements to seek additional LNG supplies
Posted on November 9, 2023 by Diligentia News in OilGas.State-run GAIL (India) has alleged that ArcelorMittal Nippon Steel India (AMNS) made misleading statements to seek additional liquefied natural gas (LNG) supplies and has asked the Delhi High Court to dismiss a plea by the latter regarding supply disruptions. In a response to ArcelorMittal’s petition which Moneycontrol has accessed, GAIL said the steel manufacturer has […]
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Cheaper Russian oil helped Indian refiners save $3.3 billion in first half of FY24
Posted on November 9, 2023 by Diligentia News in OilGas.Indian refiners are estimated to have saved around $3.3 billion in the first half of the current financial year (FY24) through their purchases of discounted Russian crude oil, shows an analysis of India’s official trade data for April-September. Russia, which used to be a marginal supplier of crude to India before the war in Ukraine, […]
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Qatar Signs Second 27-Year Gas Supply Deal With China’s Sinopec
Posted on November 6, 2023 by Diligentia News in OilGas.Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate’s state-owned energy company said Saturday, its second such deal with the Chinese firm. Doha will supply three million tonnes of gas a year under the deal, QatarEnergy said, announcing another agreement granting the Chinese oil giant for a further share […]
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Oil Prices Set For A Second Consecutive Weekly Loss As War Premium Fades
Posted on November 3, 2023 by Diligentia News in OilGas.Crude oil prices looked set for a second weekly decline as the war premium stemming from the conflict in the Middle East continued to lose its hold over traders. In addition to the lower war premium due to continued containment of the Israel-Hamas war, prices were affected by the latest economic data from China, which […]
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Natural Gas Flows From Israel To Egypt Resume
Posted on November 3, 2023 by Diligentia News in OilGas.Natural gas deliveries from Israel to Egypt have restarted, after several days of no imports at all due to war-related disruptions. Bloomberg cited unnamed sources in the know as saying the gas is coming from the Leviathan offshore field, following the end of a production outage at another field, Karish, supply from which is currently […]
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Natural Gas Flows From Israel To Egypt Resume
Posted on November 3, 2023 by Diligentia News in OilGas.Natural gas deliveries from Israel to Egypt have restarted, after several days of no imports at all due to war-related disruptions. Bloomberg cited unnamed sources in the know as saying the gas is coming from the Leviathan offshore field, following the end of a production outage at another field, Karish, supply from which is currently […]
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Is This The Moment Of Truth For The EV Industry?
Posted on November 3, 2023 by Diligentia News in OilGas.A casual glance at key trends in electric vehicle markets suggests that the much-hyped EV revolution is very much alive and well. In the U.S., EV sales are on track to surpass 1 million units by year-end, good for an impressive 50% year-over-year increase. This in turn translates to, for the second year in a […]
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Bharat Petroleum begins registration process in Cooch Behar for piped natural gas supply
Posted on November 3, 2023 by Diligentia News in OilGas.The registration process for a connection to piped natural gas supply was introduced in Cooch Behar on Wednesday. Authorities of Bharat Petroleum Corporation Limited (BPCL) reached the residence of Rabindranath Ghosh, the chairman of Cooch Behar municipality, and got him to register his name for the facility, which, the authorities said, would be provided by […]
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BPCL and GAIL sign long-term gas supply deal
Posted on November 3, 2023 by Diligentia News in OilGas.Indian oil and gas companies Bharat Petroleum Corporation Limited (BPCL) and Gas Authority of India Limited (GAIL) have signed a long-term gas supply agreement. Under the agreement, which is valued at Rs630bn ($7.56bn), BPCL will supply propane to GAIL’s petrochemical facility in Usar. BPCL will deliver 600ktpa of propane, a feedstock for petrochemicals, from its […]
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