Category Archives: OilGas
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Kazakhstan Delays Oil Pipeline Restart
Posted on February 13, 2023 by Diligentia News in OilGas.Kazakhstan has delayed the startup of crude oil exports from its giant Tengiz oilfield by way of the Baku-Tbilisi-Ceyhan pipeline, four sources told Reuters on Friday. Kazakhstan energy company Kazmunaigaz (KMG) has pushed back the restart of crude oil exports from the giant Tengiz oilfield after BP declared force majeure on crude oil loadings from […]
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Russian Oil Price Cap Is Meeting Objectives: G7
Posted on February 13, 2023 by Diligentia News in OilGas.The Russian oil price cap mechanism is still meeting its objectives, a G7 price cap coalition official told Reuters on Friday. Any Russian production cuts that may be forthcoming will disproportionately hurt developing countries, the G7 official added. Earlier on Friday, Russia announced a 500,000 bpd crude oil production cut—crude oil production, not crude oil […]
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IndianOil Adani Gas Private Ltd could provide only over 9,000 PNG connections in Kochi
Posted on February 13, 2023 by Diligentia News in OilGas.The IndianOil Adani Gas Private Ltd (IOAGPL), the implementing agency of the city gas project, has managed to provide only around 10,000 piped natural gas (PNG) connections to city residents in seven years This is despite Petroleum and Natural Gas Regulatory Board (PNGRB) giving extension for the project twice. The new deadline is set to […]
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The U.S. Won’t Sanction India For Buying Russian Oil
Posted on February 9, 2023 by Diligentia News in OilGas.The United States will not enforce sanctions on India for its purchases of Russian crude oil despite the price cap that the G7, led by the U.S., imposed on Russian crude and oil derivatives last year. This is what Asia News International reported in a tweet, citing a U.S. Assistant Secretary of State. The U.S. […]
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Ghana seeks Indian investment in oil and gas sector to become petroleum hub
Posted on February 9, 2023 by Diligentia News in OilGas.Ghana, which is struggling with its worst economic crisis in a generation, is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, its deputy minister of energy, said on Wednesday. Ghana has asked India to consider exploration of three blocks in the western basin and to build refineries as the African nation […]
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Reliance, BPCL Among Buyers Using UAE Currency for Russian Oil
Posted on February 9, 2023 by Diligentia News in OilGas.Reliance Industries Ltd., Bharat Petroleum Corp Ltd. and Nayara Energy Ltd. are among Indian refiners using United Arab Emirates dirham to pay for some shipments of Russian crude as they navigate Western sanctions. Buyers have shifted some transactions to the currency, according to people with direct knowledge of the matter. Payments vary from cargo to […]
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China Signs Its First-Ever LNG Deal With Oman
Posted on February 8, 2023 by Diligentia News in OilGas.China’s Unipec has signed a contract with Oman LNG for the delivery of 1 million tons of the super-chilled fuel over a period of four years. This is the first contract with a Chinese buyer for Oman LNG and is part of its efforts to reach new markets, the Omani company said in a tweet. […]
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EIA Lowers 2023 Natural Gas Price Outlook By 30%
Posted on February 8, 2023 by Diligentia News in OilGas.The U.S. Energy Information Administration lowered on Tuesday its 2023 natural gas Henry Hub price by 30.5%, according to its latest Short Term Energy Outlook (STEO). The EIA now sees the 2023 natural gas price at Henry Hub at $3.40 per MMBtu, down from $4.90 per MMBtu in its previous forecast. The Henry Hub natural […]
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Energy Transition Has To Ensure Surviving Present: Oil Minister Hardeep Singh Puri
Posted on February 8, 2023 by Diligentia News in OilGas.India, the world’s third largest oil consumer, on Tuesday said it is committed to energy transition but surviving the present and cushioning the vulnerable from price volatilities is essential before moving to clean and green energy. India has committed to net zero carbon emission by 2070 and has repeatedly emphasised that ‘dirty’ fuels like oil […]
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India Rushes to Long-Term LNG Deals to Speed Shift From Coal
Posted on February 8, 2023 by Diligentia News in OilGas.Petronet LNG Ltd., India’s biggest gas importer, wants to secure 12 million tons a year of additional supply under long-term contracts, Managing Director Akshay Kumar Singh said Tuesday in Bengaluru at India Energy Week. That’s equivalent to about 60% of the nation’s deliveries last year, according to ship-tracking data. New Delhi is trying to boost […]
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