Category Archives: OilGas
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Middle East gas producers set to spend $120bln to boost output by 2030
Posted on May 9, 2023 by Diligentia News in OilGas.The Middle East is set to spend up to $120 billion to boost natural gas production by more than 19% by 2030, according to energy consultancy Wood Mackenzie. Natural gas output from the region will rise to 86 billion standard cubic feet (bcfd) a day by the end of the decade, from 72 bcfd currently, […]
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India’s IGL partners Acme for H2 infrastructure
Posted on May 9, 2023 by Diligentia News in OilGas.Indian state-controlled city gas distributor Indraprastha Gas (IGL) has signed an initial agreement with Indian renewables firm Acme to develop domestic green hydrogen infrastructure. The companies will work together to explore opportunities for setting up hydrogen generation plants, including electrolysers to blend green hydrogen in IGL’s existing pipeline networks supplying gas to households and industrial […]
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Green hydrogen: State oil firms target 38,000 tons/year capacity by 2024-25
Posted on May 9, 2023 by Diligentia News in OilGas.India’s state-run oil and gas companies are targeting to build a combined green hydrogen generation capacity of 38,000 tonnes per annum by the next financial year, according to a government panel report The planned green hydrogen facilities would require setting up a combined electrolyzer capacity of 279 MW by 2024-25, according to the energy transition […]
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Is Clean Energy Really More Expensive Than Traditional Energy?
Posted on May 8, 2023 by Diligentia News in OilGas.Judging from the news story, a PR firm had an assignment: to inform the world that clean energy prices exceed dirty energy prices, just as Republicans in Congress try to repeal large parts of the Inflation Reduction Act (which boosts clean energy). Maybe a coincidence. Politics is not our area of expertise. But the arguments […]
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India’s imports from OPEC at all-time low as Russian oil buy peaks
Posted on May 8, 2023 by Diligentia News in OilGas.India’s oil imports from oil producers cartel OPEC’s share fell to an all-time low of 46% in April as purchases of cheaper Russian oil peaked, recently released industry data has shown. The Organization of the Petroleum Exporting Countries(OPEC) nations, mainly in the Middle East and Africa, had a 72% share of all crude oil India […]
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No oil exploration in disputed areas without consulting all stakeholders and tribal bodies in the area, says Nagaland government
Posted on May 8, 2023 by Diligentia News in OilGas.Following opposition to oil exploration in Nagaland, the state government has stated that exploration in the disputed areas with Assam will not start before consulting all stakeholders and tribal bodies of the area. Nagaland deputy chief minister Y Patton on Friday said, “The government will hold a consultative meeting with all stakeholders before signing the […]
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India’s oil imports from Russia seen peaking in May amid China competition
Posted on May 8, 2023 by Diligentia News in OilGas.Russia remained the top crude supplier to India in April, further improving its market share to 36%, but a slow month-on-month increase fuelled expectations that the imports from the country could peak in May. That’s being attributed to competition from China for the oil. Russia supplied 1.68 million barrels a day (mbd) of crude to […]
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Just How Important Is The U.S. Shale Industry?
Posted on May 8, 2023 by Diligentia News in OilGas.In 2022, almost 7.8 million barrels of crude oil daily were produced from so-called tight oil resources. The other name for these is unconventional resources. Yet a third and a lot more popular name is shale. Shale is a porous rock that traps hydrocarbon molecules in its pores and makes their release tricky. Or it […]
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Increasing compressed biogas share in total gas mix can reduce annual import bill by $25 bn by 2030: IBA
Posted on May 8, 2023 by Diligentia News in OilGas.The Indian Biogas Association(IBA) has pitched for increasing the share of compressed biogas in total gas mix, saying it will help reduce the country’s annual import bill by USD 20-25 billion by 2030. In a letter to Petroleum and Natural Gas Minister Hardeep Singh Puri recently, IBA suggested that in the process of attaining a […]
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India’s top gas importer Petronet sees ‘huge jump’ in demand as prices ease
Posted on May 5, 2023 by Diligentia News in OilGas.India’s top gas importer Petronet LNG expects a ‘huge jump’ in local gas demand for at least six months due to a softening of global prices of liquefied natural gas(LNG), its chief executive A. K. Singh said on Wednesday. Indian gas demand is already showing signs of recovery after global LNG prices fell to about […]
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