Category Archives: OilGas
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Oil Prices Climb as U.S. and EU Reach Historic Tariff Agreement
Posted on July 28, 2025 by Diligentia News in OilGas.The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland. The announcement sent oil prices higher on Monday, […]
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Gopalpur Terminal Project For Petronet LNG To Cost More Over Rs.40 billion
Posted on July 28, 2025 by Diligentia News in OilGas.Petronet LNG has announced on Friday that the cost of building its new terminal in Gopalpur, Odisha, has gone up by over Rs 40 billion because it decided to use a land-based unit. Lack of availability of Floating Storage and Regasification Units (FSRUs) is one of the primary reasons India’s largest LNG importer decided to […]
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Delhi govt moves SC against blanket ban on diesel/petrol vehicles older than 10/15 years
Posted on July 28, 2025 by Diligentia News in OilGas.The Delhi Government has moved the Supreme Court against the blanket ban on diesel and petrol vehicles older than 10 years and 15 years, respectively. Instead of age-based restrictions, emission-based criteria should be followed to judge roadworthiness of vehicles, it said, seeking recall of the court’s October 29, 2018, order that upheld the National Green […]
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Puducherry to launch piped natural gas supply to industries from August 15
Posted on July 28, 2025 by Diligentia News in OilGas.Puducherry will commence supply of piped natural gas (PNG) to industries from August 15, with distribution to domestic and commercial consumers set to follow in phases. East Coast Natural Gas Distribution Pvt. Ltd., which is implementing the project, has completed an 18-kilometre main pipeline from the hook-up point at Sorapet to Mettupalayam. “We aim to […]
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Govt’s U-Turn? Gadkari Confirms 27% Ethanol Blending Norms By August 2025
Posted on July 28, 2025 by Diligentia News in OilGas.After denying the reports stating that 27 percent ethanol blending in petrol will be implemented in the near future, the Government of India is once again making a U-turn and has now announced that it will be finalizing the norms of 27 percent ethanol blending in petrol (E27) by the end of August this year. […]
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RBI Warns of Inflation Risks from Rising Oil Import Dependence
Posted on July 25, 2025 by Diligentia News in OilGas.In light of global crude oil price volatility, the Reserve Bank of India (RBI) has called for sustained vigilance and policy responsiveness to mitigate inflationary risks for India, a country heavily dependent on crude oil imports. In a paper titled ‘Revisiting the Oil Price and Inflation Nexus in India’ published in its latest Bulletin, the […]
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Epsilon Carbon launches LNG fleet to cut freight emissions and boost efficiency
Posted on July 25, 2025 by Diligentia News in OilGas.Epsilon Carbon Pvt. Ltd. has launched a fleet of six LNG-powered container trucks for carbon black freight, aiming to reduce emissions and improve supply chain efficiency. The fleet reduces CO₂ emissions by 20–25 per cent compared to conventional diesel trucks. It also cuts nitrogen oxides by up to 90 per cent and nearly eliminates particulate […]
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Indian billionaire seeks replacement for Russian oil – Bloomberg
Posted on July 25, 2025 by Diligentia News in OilGas.The largest oil refinery owned by Indian billionaire Mukesh Ambani has started looking for an alternative to Russian oil, Bloomberg reports The procurement policy of the Indian company Reliance Industries has come under scrutiny after the EU imposed new restrictions on diesel produced from Russian oil. According to traders, at the end of last week, […]
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BP India Chief: India-UK free trade agreement to boost energy cooperation, investments
Posted on July 24, 2025 by Diligentia News in OilGas.The long-coveted free trade agreement between India and the UK will pave the way for increased collaboration and investment in the energy sector, including in renewables, according to Kartikeya Dube, Head of Country and Chairman bp India. “The UK India Free Trade Agreement (FTA) is a great step towards enhancing trade relationship between two partner […]
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Russia Oil Trouble Hits: Shipowners And Oil Traders Avoiding Russia-Backed Nayara Energy In India; Impact After EU Sanctions
Posted on July 24, 2025 by Diligentia News in OilGas.European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery in India. Oil companies and vessel operators are distancing themselves from India’s Nayara Energy Ltd., following the European Union’s recent sanctions that specifically targeted the company. According to shipbrokers, vessel operators have become hesitant to engage with Nayara this […]
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