Category Archives: OilGas
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APM gas price hits ceiling of $6.75 per mmBtu
Posted on July 1, 2025 by Diligentia News in OilGas.he price of natural gas used for producing CNG for vehicles and cooking gas was raised 5 per cent for July, following a surge in oil prices triggered by Israel’s military strike on Iran. As part of the monthly revision, the price of natural gas from legacy fields operated by state-owned companies was increased to […]
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Russia’s Rosneft Oil Company in early talks with Reliance to sell stake in India unit
Posted on June 30, 2025 by Diligentia News in OilGas.Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned […]
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Russia Tries Again to Expand LNG Exports Upended by Sanctions
Posted on June 30, 2025 by Diligentia News in OilGas.Russia is taking another crack at expanding exports of liquefied natural gas after US sanctions stalled efforts last year. An LNG vessel has docked at the Arctic LNG 2 export facility for the first time since October, according to ship-tracking data compiled by Bloomberg and satellite images. The facility was supposed to be a cornerstone […]
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Middle East Oil Disruption Risk Plunges to 4%
Posted on June 27, 2025 by Diligentia News in OilGas.The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to options traders, Goldman Sachs said in a new note, after Israel and Iran agreed to a ceasefire earlier in the week. The bank’s analysts reported that options traders now see a 60% chance for Brent crude to […]
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Oil Prices Set For Weekly Loss as War Premium Evaporates
Posted on June 27, 2025 by Diligentia News in OilGas.Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East. At the time of writing, Brent crude was trading at $68 per barrel, with West Texas Intermediate at $65.55 per barrel. That’s down […]
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ONGC well in Assam capped after 16 days of gas leakage: Hardeep Singh Puri
Posted on June 27, 2025 by Diligentia News in OilGas.Union Minister Hardeep Singh Puri on Friday said ONGC has successfully capped the blowout of its crude oil well in Assam’s Sivasagar district after 16 days of gas leakage from there. He said the capping was done without any injury, casualty or fire. “ONGC has successfully capped the blowout of well RDS#147A at 1115 hours […]
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Domestic natural gas price to hit govt ceiling in July
Posted on June 27, 2025 by Diligentia News in OilGas.Domestic natural gas price is set to rise to the government-set ceiling of $6.75 per mmbtu next month, from $6.41 currently, as the rate is linked to crude prices, which surged this month due to the Iran conflict. The Centre revises the Administered Price Mechanism (APM) rate every month based on the average crude price […]
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Reliance & other Indian private refiners dominate buying of main Russia oil grade
Posted on June 26, 2025 by Diligentia News in OilGas.India has taken 80% of Russian seaborne exports of its flagship oil grade so far this year, with the country’s only two private refineries scooping up a growing portion of the cut-price crude. The South Asian nation has bought 231 million barrels of Urals in the year through June 24, according to data analytics provider […]
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Shell Addresses BP Merger Speculation
Posted on June 26, 2025 by Diligentia News in OilGas.Shell said on Thursday it hasn’t actively considered an offer for BP and has no intention of making such a bid, after a media report earlier this week rekindled speculation about a giant energy tie-up of the two UK-based rivals. On Wednesday, BP shares jumped by nearly 7% before paring the bulk of those gains […]
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ONGC deploys 200-ton crane at Assam gas leak site as well capping preparations advance
Posted on June 26, 2025 by Diligentia News in OilGas.Oil and Natural Gas Corporation Limited (ONGC) has commissioned a 200-tonne crane with an 80-metre boom at the site of well RDS#147A in Assam’s Rudrasagar field, the company said on Tuesday. “This marks a significant advancement in the preparatory phase leading to the well-capping operation,” a statement issued by ONGC said. The oil major said […]
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