Category Archives: OilGas
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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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Oil Prices Rally As The U.S. Enforces Sanctions On Russian Exports
Posted on October 13, 2023 by Diligentia News in OilGas.Oil prices jumped by nearly 4% early on Friday after the United States took a tougher stance on the Western sanctions against Russia, adding to growing concerns about supply amid fears of escalation in the Hamas-Israel war. As of 7:00 a.m. EST, the U.S. benchmark WTI Crude was up by 3.63% on the day at […]
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Govt opens 12th city gas bid round
Posted on October 13, 2023 by Diligentia News in OilGas.Petroleum and natural gas minister Hardeep Puri launched the 12th city gas distribution bidding round on Thursday, which offered licences for seven geographical areas (GAs) spread over five states and two union territories. The areas on offer cover 92 districts in Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Jammu & Kashmir and Ladakh. The latest licensing […]
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The War Premium Fizzles Out In Oil Markets
Posted on October 13, 2023 by Diligentia News in OilGas.Crude oil prices are set for a modest gain this week as the war premium that emerged in the aftermath of last weekend’s attacks of Hamas on Israel appeared to cool down as inventories built and nations made a clear attempt to contain the violence. Brent crude is set to end the week with a […]
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How India can utilize its coal and lignite mines for Green Hydrogen production
Posted on October 13, 2023 by Diligentia News in OilGas.India is gearing up for its green transition with the intention of achieving net-zero emissions by 2070. Several alternative solutions are being explored and assessed to accelerate this transformation. Among the many potential areas identified, to reduce our reliance on imported Hydrogen is to produce it domestically using carbon-emitting methane. According to a study by […]
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GAIL India issues swap tender for Jan delivered LNG cargo
Posted on October 13, 2023 by Diligentia News in OilGas.GAIL (India) Ltd has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for one LNG cargo for delivery to India in January, said two industry sources. India’s largest gas distributor is offering a cargo for loading from Cove Point on a free-on-board (FOB) basis […]
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India’s Natural Gas Demand To Grow 4% In Last Four Months Of 2023: IEA
Posted on October 13, 2023 by Diligentia News in OilGas.India’s demand for natural gas will surge 4% in the final four months of 2023, according to the International Energy Agency’s Medium-Term Gas Report. This is higher than the 2% increase that the Petroleum Planning and Analysis Cell reported in the first eight months of the same year. The growth is expected to contribute an […]
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G-7 price cap on Russian oil tested as India pays record premium
Posted on October 13, 2023 by Diligentia News in OilGas.Refiners in India are buying cargoes of Russian oil at the widest premium above a G-7 imposed cap since the curb was introduced, highlighting the market’s importance to Moscow and a gap that may intensify scrutiny of the controversial mechanism. Crude processors in the key importer paid an average of $86 a barrel for Russian […]
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