Category Archives: OilGas
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Could Europe Really Return to Russian Gas?
Posted on January 18, 2023 by Diligentia News in OilGas.Germany has ended its reliance on Russian gas. The news made some cheer and others smile sarcastically while they ask to see the bill. Cutting its independence on Russia for natural gas has become priority number one, not just for Germany but for the whole European Union. For now, it’s working. The problem is, this […]
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ONGC to start process of merging MRPL with HPCL
Posted on January 18, 2023 by Diligentia News in OilGas.ONGC proposes to start the process of merging its refining subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) with Hindustan Petroleum Corp Ltd(HPCL) to leverage synergies in its refining vertical. “We will start working on the process now,” Chairman ONGC, Arun Kumar Singh, told businessline. ONGC has been considering the merger to leverage synergies and streamline […]
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GAIL seeks two LNG cargoes for February delivery
Posted on January 18, 2023 by Diligentia News in OilGas.GAIL (India) Ltd has issued a buy tender seeking two liquefied natural gas (LNG) cargoes for delivery into India, two industry sources said on Tuesday. India’s largest gas distributor is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country’s Dabhol terminal. The tender closes on […]
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U.S. Oil Production Didn’t Reach An All-Time High In 2022, But It Might In 2023
Posted on January 18, 2023 by Diligentia News in OilGas.Now that 2022 is behind us, we can review the final numbers for U.S. oil production. The Energy Information Administration (EIA) publishes these numbers, but they are usually two months behind. As such, as I write this they have only reported the monthly oil production numbers through September. Nevertheless, the EIA reports weekly numbers and […]
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Fluitron Installs First Domestically-Built Hydrogen Dispenser in Faridabad, India
Posted on January 18, 2023 by Diligentia News in OilGas.Fluitron LLC, an established developer and manufacturer of industrial-grade gas compression systems, has successfully completed the manufacturing, testing, installation and PESO (Petroleum and Explosives Safety Organization) approval for the first domestically-built hydrogen dispenser in India. This project and its successful introduction is a significant milestone in acceleration of hydrogen technology development in India. This dispenser, […]
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City gas distribution networks to expand, making gas accessible to 70% of population
Posted on January 18, 2023 by Diligentia News in OilGas.With the government placing a greater emphasis on gas production from challenging fields, experts predict that gas distribution in cities may improve with a relatively lower cost. The expansion of city gas distribution (CGD) networks across 407 districts has the potential to make gas accessible to more than 70% of the population. These distribution networks […]
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Will OPEC+ Cut Production In Early 2023?
Posted on January 17, 2023 by Diligentia News in OilGas.The OPEC narrative for 2022 was largely about the realities of supply and demand against the backdrop of a post-pandemic war that sparked sanctions and a European energy crisis with the counterweight of a Chinese covid crisis. From the Saudi standpoint, OPEC’s move to cut production by 2 million barrels per day in November last […]
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Reliance suspends gas auction after govt altered marketing rules
Posted on January 17, 2023 by Diligentia News in OilGas.Reliance Industries Ltd suspended a planned auction for the sale of natural gas. E-bidding for the sale of 6 million standard cubic meters per day of gas was originally planned for January 18 but was later pushed back first to January 19 and then to January 24. Reliance Industries Ltd and its partner bp plc […]
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US becomes top buyer of India’s refined petroleum goods
Posted on January 17, 2023 by Diligentia News in OilGas.The United States has emerged as the top destination for refined petroleum products from India in the month of November. Notably, most of these goods were processed from Russian crude oil that the Asian country imported at a discount. The United States imported oil products worth $588 million in November, bringing imports to their highest […]
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India sets hydrogen targets
Posted on January 17, 2023 by Diligentia News in OilGas.As part of its aim to achieve its net zero carbon emission goal by 2070, the Indian government has released a blueprint for its National Green Hydrogen Mission which has set consumption targets for various industries, including the oil and gas and fertilizer industries. “The overarching objective of the mission is to make India the […]
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