Category Archives: OilGas
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The Impact Of Looming Strikes At Australian LNG Facilities Should Be Limited
Posted on August 21, 2023 by Diligentia News in OilGas.A prolonged stoppage is the least likely scenario of potential strikes at Australian LNG facilities accounting for 10% of global supply, according to Reuters’ Asia commodities and energy columnist, Clyde Russell. This weekend, members of the union Offshore Alliance unanimously endorsed giving Woodside seven working days’ notice of Protected Industrial Action if the workers’ bargaining […]
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Green Hydrogen standards: India says H2 produced using RE will be classified as ‘green’
Posted on August 21, 2023 by Diligentia News in OilGas.India joined the select league of countries of the world on Saturday as it notified its own standards for hydrogen to be classified as ‘Green Hydrogen.’ According to an official order dated August 18, the Ministry of New and Renewable Energy (MNRE) outlined the emission thresholds that must be met in order for hydrogen produced […]
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Nigeria Has Lost $46 Billion Worth Of Crude Oil To Theft
Posted on August 18, 2023 by Diligentia News in OilGas.In the decade to 2020, Nigeria lost to oil theft more than 619.7 million barrels of crude oil valued at $46.16 billion, representatives for the Nigeria Extractive Industries Transparency Initiative (NEITI) said at a forum this week. During the period 2009 to 2020, Nigeria’s losses to oil theft averaged 140,000 barrels per day (bpd) valued […]
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IndianOil, BPCL To ONGC: Here’s How The Oil & Gas Sector Fared In Q1
Posted on August 18, 2023 by Diligentia News in OilGas.The aggregate consolidated net profit of Indian oil and gas companies more than doubled in the June quarter of fiscal 2024. The 21 companies considered for the analysis posted cumulative profit growth of 134% year-on-year to 574.794 billion in the April-June period. Public sector refiners led the profit growth for the sector, with Indian Oil […]
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India Losing Its Steep Discount on Russian Crude Oil
Posted on August 18, 2023 by Diligentia News in OilGas.The discount enjoyed by India on Russian crude oil since Moscow’s full-scale invasion of Ukraine in February 2022 has now shrunk from around $30 to $4 per barrel. Yet, while steep discounts have plunged, the Russian-managed shipping rates continue to remain higher than normal. India is now bearing anywhere between $11 and $19 of shipping […]
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Modi govt may soon decide on cutting petrol tax among other steps to quell inflation before Vote
Posted on August 18, 2023 by Diligentia News in OilGas.Indian officials are considering a plan to reallocate as much as Rs 1000 billion ($12 billion) from the budgets of various ministries to contain a surge in food and fuel costs without imperilling the federal deficit target, according to people familiar with the matter. Prime Minister Narendra Modi will take a decision in the coming […]
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ADNOC Gas Signs LNG Deal With Japanese Energy Giant
Posted on August 17, 2023 by Diligentia News in OilGas.ADNOC Gas, the natural gas arm of Abu Dhabi’s state energy group, has signed an agreement with Japan Petroleum Exploration (Japex) to supply liquefied natural gas (LNG) for five years. The LNG supply deal is valued between $450 million and $550 million and “builds on the long-standing bilateral relationship between the UAE and Japan and […]
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Russian Crude Oil Discount For India Shrinks
Posted on August 17, 2023 by Diligentia News in OilGas.The discount of Russian oil exported to India has tightened considerably, from some $30 to Brent crude last year to as little as $4 per barrel, Eurasia Daily Monitor has reported, adding that shipping costs, on the other hand, have increased. Per the agency, the shipping costs per barrel of Urals sent to India now […]
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APM Terminals Pipavav starts operations of Very Large Gas Carriers
Posted on August 17, 2023 by Diligentia News in OilGas.Private port operator APM Terminals Pipavav on Monday said it has commenced operations of Very Large Gas Carriers (VLGCs). The vessel loaded with cargo from Ruwais, ADNOC Refinery Jetty, discharged 21,907 MT parcel at port Pipavav for Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd and Hindustan Petroleum Corporation Ltd. The maiden berthing of the […]
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CNG sales volume grows 51% in 6 months to March
Posted on August 17, 2023 by Diligentia News in OilGas.City gas companies have grown their super-profitable CNG sales volume at a faster rate in the past two years than the less profitable segment of gas supplies meant for homes City gas distributors sold 19.4 million metric standard cubic meters a day (mmscmd) of CNG in six months to March 2023, up 51% from October […]
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