Category Archives: OilGas
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India state retailers gasoil, gasoline sales rose in April
Posted on May 1, 2023 by Diligentia News in OilGas.Indian state fuel retailers’ gasoline and gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity. Daily sales of gasoil rose by 8.3% to 238,500 tonnes in April compared with March, the data showed. Gasoil accounts for about two-fifths of refined fuel consumption in India […]
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RIL-BP seeks bids for 6mmscmd of KG gas
Posted on May 1, 2023 by Diligentia News in OilGas.The consortium of Reliance Industries and BP has sought bids for 6 million metric standard cubic meters a day (mmscmd) of natural gas from its KG D6 block off the eastern coast, according to the tender document. The electronic auction will be held on May 19 for the gas from the MJ field, which will […]
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U.S. Seizes Iranian Oil From Tanker
Posted on May 1, 2023 by Diligentia News in OilGas.The United States recently confiscated a cargo of Iranian crude oil from a tanker at sea, according to a maritime security company, indicating that the seizure pre-dated Iran’s move to seize Chevron’s cargo of crude oil on Thursday off the coast of Oman. On Thursday, a Marshall Islands-flagged tanker carrying crude oil destined for Chevron […]
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Next Year Will Be A Crucial Year For Suriname’s Emerging Oil Boom
Posted on May 1, 2023 by Diligentia News in OilGas.A series of setbacks emerged during 2022 which derailed deeply impoverished Suriname’s nascent oil boom. The former Dutch colony of around 600,000 people, which shares the Guyana Suriname Basin with nearby Guyana, is believed to possess significant offshore petroleum potential. It is estimated that 1.4-million-acre offshore Block 58 where 50% partners Apache and TotalEnergies, which […]
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Indian oil companies await $300-$400 million dividends from Russia amidst sanctions
Posted on May 1, 2023 by Diligentia News in OilGas.Indian oil companies are yet to receive dividends worth $300 million to $400 million from Russia since the war broke out between Russia and Ukraine in February 2022, a senior petroleum ministry official said. Indian companies including ONGC, Oil India, BPCL and Indian Oil have stakes in Russian oil and gas projects for which they […]
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Reliance-bp, Nayara price petrol, diesel at market rates
Posted on May 1, 2023 by Diligentia News in OilGas.India’s private fuel retailers -Reliance-bp and Russia’s Rosneft-backed Nayara Energy — have begun pricing petrol and diesel at market rates for the first time in over a year after a fall in global oil prices cut losses, sources said. Reliance BP Mobility Ltd (RBML), a joint venture between Reliance Industries Limited and UK’s bp, Nayara […]
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Assam Gas, OIL ink pact for piped natural gas supply to Assam, Tripura
Posted on May 1, 2023 by Diligentia News in OilGas.The Assam Gas Company Limited (AGCL) and Oil India Limited (OIL) on Saturday signed an agreement for a joint venture (JV) private limited company with the mandate to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura to start with. The JV company, with the Assam government-owned AGCL having […]
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Indian crude basket likely to reflect imports from Russia
Posted on May 1, 2023 by Diligentia News in OilGas.With Russia emerging as one of the top oil suppliers to India, the Indian crude basket price is likely to factor in the cheaper Russian imports going ahead. The Indian basket of crude oil broadly represents the cost of India’s oil imports, and it has so far not accounted the oil imported from Russia at […]
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Russian oil is still powering Europe’s cars with help of India
Posted on April 28, 2023 by Diligentia News in OilGas.Russian oil is still powering Europe — just with the help of India. Back in December, the European Union barred almost any seaborne crude oil imports from Russia. It extended the prohibition to refined fuels two months later. However, the rules didn’t prevent countries like India from snapping up cheap Russian crude, turning it into […]
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Germany Doubles Down On LNG Fearing Another Gas Pipeline Attack
Posted on April 28, 2023 by Diligentia News in OilGas.Germany looks to install one or two floating LNG import terminals at its largest island, Rügen in the Baltic Sea, as officials do not rule out further attacks on energy and gas pipeline infrastructure, sources with knowledge of the plans told Bloomberg on Thursday. Germany cannot rule out another attack on a pipeline carrying natural […]
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