Category Archives: OilGas
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ONGC says losing money in Assam, counters protesting employees
Posted on June 4, 2025 by Diligentia News in OilGas.India’s top oil and gas producer ONGC on Tuesday said it is losing money in Assam because of low production and high employee headcount, as it countered allegations of protesting employees over stoppage of contentious overtime payment. In a statement, Oil and Natural Gas Corporation (ONGC) emphasised that it is hiring locally and is investing […]
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Oil India’s subsidiary to build major aviation fuel plant in Odisha under expansion push
Posted on June 4, 2025 by Diligentia News in OilGas.Oil India Limited’s subsidiary Numaligarh Refinery limited is planning to set up a plant of substantial aviation fuel in Odisha. Chairman NRL and CMD OIL, Ranjit Rath while talking to media persons on Monday in Guwahati said that 200 KTPA (kilo-tonnes per annum) is part of net zero initiative. “2040 is the target of net […]
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India can increase imports of shale gas, LNG, crude from US: Official
Posted on June 4, 2025 by Diligentia News in OilGas.India’s exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said. Teams of both countries will start next round of talks this week here on […]
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‘500% tariffs…’: US senator targets Russia’s oil trade partners; India also in crosshairs
Posted on June 2, 2025 by Diligentia News in OilGas.Standing on Ukrainian soil, US Senator Richard Blumenthal called for a bold economic offensive against Russia — a 500% tariff on any nation that continues buying Russian oil, gasoline, or petrochemicals. The proposal, revealed during a press conference in Kyiv, aims to choke the Kremlin’s war chest and ratchet up pressure on global buyers like […]
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Will India’s draft PNG regulations power or paralyze hydrocarbon E&P?
Posted on June 2, 2025 by Diligentia News in OilGas.The energy sector as a whole, and Hydrocarbon Exploration and Production in particular, has always been a high priority item on the Government of India’s agenda. The fact that India still imports 90% of the crude it consumes brings the sector into sharp focus. The importance of Hydrocarbon Exploration and Production has only been emphasized […]
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Area under oil, gas exploration in India has jumped 76 pc in last 10 years: Hardeep Puri
Posted on June 2, 2025 by Diligentia News in OilGas.As much as 76 per cent of the total area in India’s sedimentary basin currently being explored for oil and gas has come under active exploration since 2014, Minister of Petroleum and Natural Gas Hardeep Singh Puri has said. Addressing the CII annual business summit here, the minister said that in the last decade the […]
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Govt cuts APM gas price for first time in 2 years
Posted on June 2, 2025 by Diligentia News in OilGas.For the first time in two years, the government has reduced the price of natural gas used for producing CNG for vehicles and cooking gas, reflecting a decline in benchmark rates. The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per […]
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Elon Musk Says Oil Is “Small-Time”
Posted on May 28, 2025 by Diligentia News in OilGas.With six little words, Elon Musk has relegated the oil industry to a historical footnote. This, despite the oil industry underpinning the workings of the entire world. “Compared to solar, oil is small-time,” Musk posted on X, delivering a withering verdict on the fossil fuel era. No charts, no caveats. Just a blunt assertion that […]
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Qatar’s share in India’s LNG imports hits 3-year low as US gains ground
Posted on May 28, 2025 by Diligentia News in OilGas.According to the GIIGNL’s 2025 report, India imported 27 million tonnes of LNG in 2024, marking a 23 per cent year-on-year growth, the second-largest global rebound The move by India to procure more liquefied natural gas (LNG) cargoes from the US to compensate for trade imbalances is eating into the share of its top supplier, […]
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The oil market has a bigger problem than a slowing China – India
Posted on May 28, 2025 by Diligentia News in OilGas.India is the stuff of dreams for OPEC and Big Oil: a rapidly developing nation of nearly 1.5 billion people where petroleum consumption is still in its infancy. It’s the next China — so the theory goes. Perhaps one day, but in 2025 it’s still the stuff of dreams. For years, energy economists have talked […]
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