Category Archives: OilGas
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India Doesn’t Want Its State Refiners To Pay For Russian Oil In Chinese Yuan? Some Payments Held Up
Posted on October 17, 2023 by Diligentia News in OilGas.The Indian government’s reluctance to permit state-controlled refiners to pay for Russian oil imports with Chinese currency has led to payment delays for at least seven shipments, sources familiar with the matter told Reuters. Despite the payment dispute, Russian companies like Rosneft continue to provide oil to Indian refiners. India has become the leading importer […]
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Green hydrogen framework in India: Learning from global initiatives
Posted on October 17, 2023 by Diligentia News in OilGas.The global energy landscape is undergoing a transformative shift towards sustainable and economically viable alternatives, with green hydrogen (GH) emerging as a cornerstone. This versatile energy carrier, produced using renewable energy sources, has applications ranging from transport to industrial processes and offers a pathway to decarbonize sectors that are challenging to electrify. Within this broader […]
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Share of gas in India’s energy mix to reach 10.6% by 2045: OPEC
Posted on October 17, 2023 by Diligentia News in OilGas.The Organization of the Petroleum Exporting Countries (OPEC) in its latest world oil outlook has projected that the share of natural gas in India’s total energy mix will reach 10.6 per cent by 2045 compared to the government’s target of 15 per cent by 2030. According to the Petroleum and Natural Gas Regulatory Board (PNGRB), […]
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Oil Poised To Become U.S.’ Single Largest Export Product
Posted on October 17, 2023 by Diligentia News in OilGas.Oil is on track to be the largest export item for the United States this year for the first time in history, highlighting the growing influence of U.S. oil production and exports on the global oil market. Rising U.S. crude oil production in recent years and growing exports after the ban was lifted in 2015 […]
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ONGC hopeful of entering into partnerships with global E&P firms for 25 oil and gas blocks during its roadshow
Posted on October 16, 2023 by Diligentia News in OilGas.ONGC is hopeful of entering into partnerships with global E&P firms for 25 oil and gas blocks during its roadshow in Abu Dhabi next week. ONGC is organising the roadshow in Abu Dhabi on October 16 and 17. “The roadshow will offer valuable insights into business opportunities within India’s offshore oil and gas infrastructure sector,” […]
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Europe’s Largest Economy May Face Wild Gas Price Volatility This Winter
Posted on October 16, 2023 by Diligentia News in OilGas.LNG demand in Asia and Europe is beginning to rise ahead of the peak winter season amid a calmer market compared to last year’s chaos and record-high prices. But neither Europe nor Asia should be complacent about winter gas supply as winter weather, delivery disruptions, and geopolitical tensions could upend the LNG market once again […]
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Russia Denies Talks Of A Gas Cartel
Posted on October 16, 2023 by Diligentia News in OilGas.There are no plans for the creation of a natural gas cartel similar to the OPEC cartel in crude oil, Russia’s Deputy Prime Minister Alexander Novak said on Friday. “There are no discussions to set up a (gas) cartel,” Novak told RT Arabic TV as quoted by Reuters. The Gas Exporting Countries Forum (GECF) is […]
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Bangladesh Govt mulls RLNG import from India
Posted on October 16, 2023 by Diligentia News in OilGas.Bangladesh government moves to import re-gasified liquefied natural gas (RLNG) from India through cross-border pipeline under a greater contingency plan for failsafe fuel supply, amid volatility on global energy market. In an initial bid, around 300 million cubic feet per day (mmcfd) would be brought in from India’s H-Energy by 2025, State Minister for Power, […]
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Middle East Energy Deals In Question Over Israel
Posted on October 16, 2023 by Diligentia News in OilGas.On Wednesday, BP Inc. (NYSE:BP) reassured investors that its $2B deal with Abu Dhabi National Oil Co. (Adnoc) to jointly buy a 50% stake in Israeli gas producer NewMed Energy (OTCPK:DKDRF) remains on track, despite Israel’s ongoing war with Hamas in Gaza. According to Reuters, BP’s head of gas and low-carbon energy Anja-Isabel Dotzenrath told […]
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Asian LNG Buyers Wait For War Premium In Natural Gas Markets To Fade
Posted on October 13, 2023 by Diligentia News in OilGas.Amid comfortable levels of inventories for this time of the year, Asian LNG buyers have been sitting on the sidelines of the spot market this week, hoping for the surge in natural gas prices after the Hamas attack on Israel to fade. Natural gas prices in Asia and Europe jumped this week, following a suspected […]
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