Category Archives: OilGas
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Why TotalEnergies’ $27 Billion Deal With Iraq Is A Gamechanger
Posted on July 18, 2023 by Diligentia News in OilGas.The long-delayed US$27 billion four-pronged megadeal between France’s TotalEnergies and the Federal Government of Iraq has received the final go-ahead from both sides and is due to start within the next four weeks. The huge deal is crucial in enabling Iraq to increase its oil production from around 4.5 million barrels per day (bpd) to […]
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India state retailers’ gasoil, gasoline sales declines in July: prelim data
Posted on July 18, 2023 by Diligentia News in OilGas.Indian state fuel retailers’ gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. Daily sales of gasoil fell by 19.7 per cent to about 2.96 million metric tons in July compared with June, the data showed. Fuel demand […]
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Regulator rejects Adani’s application for Noida city gas licence
Posted on July 18, 2023 by Diligentia News in OilGas.Oil regulator PNGRB has rejected Adani Total Gas Ltd’s application for a licence to retail CNG to automobiles and piped gas to household kitchens in Noida, on the outskirts of the national capital, on grounds that it does not meet criteria. The Petroleum and Natural Gas Regulatory Board (PNGRB) in an order dated July 14 […]
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Russia Is Preparing To Export Less Oil In August
Posted on July 17, 2023 by Diligentia News in OilGas.Russia could deliver on at least part of its pledge to reduce oil exports next month as its western ports are planned to ship up to 200,000 barrels per day (bpd) lower crude volumes in August compared to July, Reuters reported exclusively on Friday, quoting sources with knowledge of the export plans. Russia said last […]
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India’s July petrol, diesel sales drop as monsoon hurts fuel demand
Posted on July 17, 2023 by Diligentia News in OilGas.With heavy rains wreaking havoc across the country, India’s petrol and diesel sales declined in the first half of July, compared to the first half of June. As travel demand dropped between July 1 and July 16, fuel sales too took a hit. Daily sales of diesel fell by 19.7% to about 2.96 million metric […]
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Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies
Posted on July 17, 2023 by Diligentia News in OilGas.Indian Oil Corp, the country’s top refiner, has signed long-term liquefied natural gas (LNG) import deals with United Arab Emirates’ s Abu Dhabi Gas Liquefaction Co Ltd (ADNOC LNG) and France’s TotalEnergies. The two deals were signed during Prime Minister Narendra Modi’s Visit to France and UAE last week. Supplies under the two deals would […]
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Iraq Takes First Step Towards Becoming The World’s Biggest Oil Producer
Posted on July 17, 2023 by Diligentia News in OilGas.Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day, according to the release of committee minutes last week. As analysed in full in my new book on the new global oil market order, not only could this be done with relative ease by […]
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Government reimposes windfall tax on domestic crude export
Posted on July 17, 2023 by Diligentia News in OilGas.After a gap of two months, the government imposed the windfall tax on domestic crude oil production from nil to Rs 1,600 per tonne. However, there are no Special Additional Excise Duty (SAED) taxes on export of diesel, petrol or aviation turbine fuel (ATF). These changes are effective from July 15). In May 2023, the […]
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Gujarat’s green hydrogen projects to gain from NDB’s Climate Mitigation Fund
Posted on July 17, 2023 by Diligentia News in OilGas.The ambitious big-ticket investments by key corporates in Gujarat in the green hydrogen sector are all set to gain big through the lending from New Development Bank (NDB). Since green infrastructure, green energy and climate mitigation projects are the NDB’s targets of investments in India, green hydrogen projects are expected to be co-financed by the […]
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India’s commissioning of floating LNG storage terminals to face further delays
Posted on July 17, 2023 by Diligentia News in OilGas.India could witness further delays in commissioning and expansion of its floating liquefied natural gas (LNG) storage terminals with a total planned capacity of 30 million tonnes per annum (MTPA). The world’s fifth-largest LNG importer plans to add 30 MTPA of regasification capacity in a bid to import and store larger volumes of LNG to […]
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