Category Archives: OilGas
-
High prices squeeze gas demand by 6% in 2022: IEA
Posted on March 2, 2023 by Diligentia News in OilGas.India’s gas consumption is estimated to have declined 6% in 2022 as record prices in the aftermath of the Russia-Ukraine conflict squeezed demand, the International Energy Agency said Lower gas demand combined with a 3% rise in domestic gas production saw LNG (liquefied natural gas) imports drop 17%, marking the steepest fall on record and […]
Continue Reading... No Comments. -
India’s LPG imports rise on year in February: Vortexa
Posted on March 2, 2023 by Diligentia News in OilGas.India’s LPG imports rose on the year in February, with shipments mostly from the Middle East, according to data from oil analytics firm Vortexa. The rise was likely driven by higher domestic use of the cooking fuel compared with a year earlier when Covid-19 weighed on demand. Imports totalled 2.07mn t in February, up by […]
Continue Reading... No Comments. -
Russia’s Oil Exports Still Strong Despite Sanctions
Posted on March 1, 2023 by Diligentia News in OilGas.Russia’s crude oil producers managed to export 7.32 million barrels per day of crude oil and crude oil products in February, Kpler data showed, indicating to some that the ban on Russian seaborne crude shipments into Europe and the price cap mechanism have done little to curb the flow of Russia’s crude. The 7.32 million […]
Continue Reading... No Comments. -
GAIL (India) follows Reliance: Plans to replace naphtha with ethane imported from the US
Posted on March 1, 2023 by Diligentia News in OilGas.Following in the footsteps of Reliance Industries Ltd (RIL), GAIL India Ltd (GAIL), plans to import ethane from the United States to replace natural gas and naphtha as feedstock for its petrochemical facilities. Moving in this direction, GAIL and the Central Board of Direct Taxes (CBDT) entered into a landmark advance pricing agreement (ArA) for […]
Continue Reading... No Comments. -
Govt bans 25-year-old oil tankers, bulk carriers, and other ships from Indian waters
Posted on March 1, 2023 by Diligentia News in OilGas.The government has decided to ban 25-year-old oil tankers, bulk carriers, and general cargo vessels, both Indian registered and foreign flagged, from calling Indian ports to load and unload cargo as it looks to encourage a younger fleet to improve safety, meet global rules on ship emissions and protect the marine environment from pollution during […]
Continue Reading... No Comments. -
After Ethanol, policy support for Biogas
Posted on March 1, 2023 by Diligentia News in OilGas.The government is planning to replicate the success of ethanol in compressed biogas(CBG) by offering capital support for biomass aggregation, laying of gas pipelines, and mandating natural gas marketers to blend 5% biogas by 2027, according to people familiar with the matter ndia achieved an ethanol blending average of 10% in 2021-22 from 1.5% in […]
Continue Reading... No Comments. -
Pumping up the price: Why are petrol prices still so high in India?
Posted on March 1, 2023 by Diligentia News in OilGas.Petrol prices remain high across India with the price being close to 100 rupees per litre in New Delhi, the nation’s capital. The petrol hike has made citizens miserable as they find it difficult to afford essential commodities and transportation in their day to day lives. These soaring gas prices remain high and keep rising […]
Continue Reading... No Comments. -
Tellurian faces new setback as LNG project financing looms
Posted on March 1, 2023 by Diligentia News in OilGas.Tellurian Inc is facing a new setback in a long-running effort to advance a $12.5 billion US liquefied natural gas (LNG) export project. Commodities trader Gunvor Ltd can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian’s Driftwood LNG project lacks a financial go-ahead, project financing and a full construction […]
Continue Reading... No Comments. -
Inflation Reduction Act: Opening Up Green Hydrogen Possibilities
Posted on February 28, 2023 by Diligentia News in OilGas.If 2022 turbocharged the green hydrogen economy, then 2023 is the start of a long slog for this nascent sector that is set to be the backbone for decarbonization, transition and energy security strategies. Rystad Energy research has found that electrolyzer capacity is expected to grow by 186% from 2022 to 2023. Attention is therefore […]
Continue Reading... No Comments. -
The Race To Dominate The Green Hydrogen Industry
Posted on February 28, 2023 by Diligentia News in OilGas.The race is on to develop and dominate the green hydrogen industry. Investment is pouring into the industry as companies and governments alike push to produce a clean fuel that can be used in a multitude of ways, from heating to transportation. Europe initially appeared to be in the lead, but with big plans for […]
Continue Reading... No Comments.
