Category Archives: OilGas
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Bangladesh finds gas
Posted on May 23, 2023 by Diligentia News in OilGas.The Bangladesh government on Monday announced the discovery of a new gas field in the southern district of Bhola. State Minister for Power, Energy and Mineral Resources Nasrul Hamid formally announced Bhola’s Ilisha-1 as the country’s 29th gas field, reports Xinhua news agency. Ilisha-1’s daily production is around 20 million cubic feet, said Hamid, adding […]
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HPCL commissions flare stack at CBG Budaun Plant using raw biogas
Posted on May 23, 2023 by Diligentia News in OilGas.State-owned HPCL in a tweet on Monday said that it has accomplished yet another significant milestone in its journey towards sustainable energy solutions with the successful commissioning of the Flare Stack at its CBG (Compressed Biogas) plant in Budaun. This achievement marks HPCL as the first Public Sector Undertaking (PSU) to commence the production of […]
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IOC, ONGC arm call off Kenya field stake talks
Posted on May 23, 2023 by Diligentia News in OilGas.IndianOil (IOC) and partner ONGC Videsh have called off talks for buying a stake in Tullow Oil’s Lokichar oil field in Kenya, a deal that was estimated last year to be worth about $2 billion. People in the know said the decision to end discussions lasting several months was taken after senior executives from the […]
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Domestic crude oil production falls 4%, natural gas declines 3% in April: Oil ministry data
Posted on May 23, 2023 by Diligentia News in OilGas.Domestic crude oilproduction fell 4% and natural gas output declined 3% in April from a year earlier, the oil ministry data showed on Monday India imported $1.4 billion worth of natural gas in April compared to $1.3 billion in the year-ago period. Crude oil imports dropped to $10.8 billion in April from $16.8 billion in […]
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Gail to borrow up to Rs 7,000 crore domestically to fund Rs 10,000 crore capex plan in FY24
Posted on May 19, 2023 by Diligentia News in OilGas.Gail India plans to borrow up to Rs 7,000 crore in FY24 to fund the Rs 10,000 crore capital expenditure plan for this fiscal, a top company official said on Friday. The state-owned company’s chairman and managing director SK Gupta said, “For this fiscal, we plan to spend Rs 10,000 crore”. He added that even […]
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Oil Prices Set For Their First Weekly Gain In A Month
Posted on May 19, 2023 by Diligentia News in OilGas.Crude oil prices look set to record their first weekly gain since mid-April as sentiment about future demand improves amid signs there may be progress on the debt ceiling negotiations in Congress. On Thursday, President Biden and House Speaker Kevin McCarthy said they would negotiate directly on lifting the debt ceiling, sparking hopes that a […]
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Uptick in Qatari LNG contributes to higher LNG imports in India, Pakistan in April: GECF
Posted on May 19, 2023 by Diligentia News in OilGas.Qatar – Uptick in LNG imports from Qatar contributed to higher LNG imports in India and Pakistan in April this year, GECF’ latest data show. In April 2023, Asia Pacific’s LNG imports continued to recover and increased by 5% (1.05mn tonnes) y-o-y to 20.50mn tonnes, which was slightly lower than the imports in April 2021. […]
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Former Russian unit resumes regular LNG supplies to India
Posted on May 19, 2023 by Diligentia News in OilGas.A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to Ukraine war Sefe Marketing and Trading Singapore Pte Ltd (SMTS), erstwhile Gazprom Marketing and Trading Singapore Pte Ltd, supplied two liquefied natural gas (LNG) cargoes each in March and […]
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Consortium plans to develop $5bln UAE-Oman-India undersea pipeline
Posted on May 18, 2023 by Diligentia News in OilGas.South Asia Gas Enterprise (SAGE), a consortium of companies in deepwater pipeline projects, is planning a $5 billion undersea liquefied natural gas pipeline. The consortium has sought help from India’s Ministry of Petroleum to develop the pipeline, Financial Express reported, citing SAGE director Subodh Kumar Jain. The project’s technical and financial feasibility has been carried […]
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India eyes refill of strategic oil stockpiles as US replenishes
Posted on May 18, 2023 by Diligentia News in OilGas.India is considering refilling its strategic hoard of crude oil, joining the US as the world’s top guzzler begins to rebuild its depleted stockpiles after a period of drawdown. The South Asian nation plans to import about 1.25 million tons (9.2 million barrels) of oil to fill empty reserves, said people with knowledge of the […]
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