Category Archives: OilGas
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ONGC, BP plan to step up hunt for oil, gas in India’s deep-sea next year
Posted on September 22, 2025 by Diligentia News in OilGas.Public sector upstream oil giant ONGC is poised to kick off the drilling of stratigraphic wells in India’s offshore basins at the beginning of next year as part of the country’s efforts to step up the search for oil and gas to enhance energy security and cut down on imports, a senior official has confirmed. […]
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Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production
Posted on September 19, 2025 by Diligentia News in OilGas.Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China’s stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million […]
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Switching LPG connections the mobile telephony way, PNGRB seeks views
Posted on September 19, 2025 by Diligentia News in OilGas.Can households draw cooking gas connections from another distributor or PSU oil company other than one catering to them just like the how it works in the mobile telephony space? Imminently so, with Petroleum and Natural Gas Regulatory Board inviting stakeholder and consumer comments for an LPG interoperability framework. Behind the move are persistent consumer […]
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India’s crude oil output slips 0.6% in Aug; import bill falls to $9.4 bn
Posted on September 19, 2025 by Diligentia News in OilGas.India’s crude oil and condensate production fell 0.6 per cent to 2.4 million metric tonnes (MMT) in August 2025 while the country’s net oil and gas import bill declined to USD 9.4 billion from USD 11.4 billion a year earlier, according to data from the Petroleum Planning and Analysis Cell (PPAC). Of the total domestic […]
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Oil India sees restart of Mozambique LNG project by year’s end
Posted on September 19, 2025 by Diligentia News in OilGas.India’s state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday. TotalEnergies halted construction of the project and imposed force majeure in 2021 following a deadly attack on the site […]
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Govt to revisit ethanol blending progress before announcing new targets: Puri
Posted on September 18, 2025 by Diligentia News in OilGas.Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced that the government will review India’s ethanol blending programme before setting new, higher targets. India achieved its target of 20% ethanol blending in petrol six years ahead of schedule, reaching 10% blending by 2022, five months before its deadline. Puri rejected concerns about E20 fuel […]
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India’s Nayara Energy raises fuel supply to HPCL after EU sanctions
Posted on September 18, 2025 by Diligentia News in OilGas.India’s Nayara Energy has raised fuel sales to state retailer Hindustan Petroleum Corp after the Russia-backed refiner’s exports were hit by European Union sanctions, a government source said on Tuesday. Since the imposition of sanctions, Nayara has been operating its 400,000 barrel-per-day (bpd) Vadinar refinery in western India at 70-80% capacity. Higher local sales of […]
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Azerbaijan resumes crude oil exports to India
Posted on September 17, 2025 by Diligentia News in OilGas.After a 10-month hiatus, Azerbaijan has resumed crude oil exports to India, Report informs, citing Azerbaijan’s State Customs Committee. In August 2025, Azerbaijan exported 1,747.07 tons of crude oil to India, valued at $781,520, marking a sharp decline of 589 times in volume and 827 times in value compared to the same period last year. […]
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India’s LNG demand drops in 2025 as buyers await supply wave, price drop
Posted on September 17, 2025 by Diligentia News in OilGas.India’s annual liquefied natural gas demand is set to contract in 2025 for the first time in years, as buyers hold out for a surge in production that is expected to push down prices. The world’s fourth-biggest LNG importer bought about 16 million tonnes of the super-chilled gas in the eight months through August, down […]
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Indian oil marketing companies are thriving amid global volatility: HSBC
Posted on September 17, 2025 by Diligentia News in OilGas.The Indian oil marketing companies have thrived in a volatile global market, with support from the Indian government, HSBC Research said in a research note. According to HSBC, oil marketing companies have witnessed volatility in refining margins over the last six months, a potential risk in the U.S., which has prompted India to reduce its […]
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