Category Archives: OilGas
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Reliance & other Indian private refiners dominate buying of main Russia oil grade
Posted on June 26, 2025 by Diligentia News in OilGas.India has taken 80% of Russian seaborne exports of its flagship oil grade so far this year, with the country’s only two private refineries scooping up a growing portion of the cut-price crude. The South Asian nation has bought 231 million barrels of Urals in the year through June 24, according to data analytics provider […]
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Shell Addresses BP Merger Speculation
Posted on June 26, 2025 by Diligentia News in OilGas.Shell said on Thursday it hasn’t actively considered an offer for BP and has no intention of making such a bid, after a media report earlier this week rekindled speculation about a giant energy tie-up of the two UK-based rivals. On Wednesday, BP shares jumped by nearly 7% before paring the bulk of those gains […]
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ONGC deploys 200-ton crane at Assam gas leak site as well capping preparations advance
Posted on June 26, 2025 by Diligentia News in OilGas.Oil and Natural Gas Corporation Limited (ONGC) has commissioned a 200-tonne crane with an 80-metre boom at the site of well RDS#147A in Assam’s Rudrasagar field, the company said on Tuesday. “This marks a significant advancement in the preparatory phase leading to the well-capping operation,” a statement issued by ONGC said. The oil major said […]
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Iraq Accelerates This Oil Megaproject To Meet 7 Million Bpd Production Target
Posted on June 25, 2025 by Diligentia News in OilGas.Even before the latest potentially game-changing developments began involving its longtime financial, political, and military ally Iran, it was clear that Iraq needed to focus more on the independent development of its own resources — most notably in energy — for its future. In the weeks leading up to the Western-backed Israeli attacks on Iran, […]
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Iran-Israel War Prompts China to Reconsider Russia’s Gas Pipeline Proposal
Posted on June 25, 2025 by Diligentia News in OilGas.The war between Israel and Iran has spark worry about energy supply security in Beijing, and a greater interest in the Power of Siberia 2 pipeline—a project proposed by the Russian side, on which the Chinese side has been in no hurry to make a decision. The Wall Street Journal reported the news, citing unnamed […]
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How India uses underground caves to store crude oil for crisis
Posted on June 25, 2025 by Diligentia News in OilGas.It is feared that Iran might attempt to disrupt the Strait of Hormuz amid the ongoing conflict with Israel and the US. This could result in supply shortages and a surge in oil prices, and impact India, the world’s top crude importer, like other buyers. Amid fears of a wider conflict following Israeli and US […]
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GAIL to invest ₹8.44 billion in expanding gas pipeline capacity
Posted on June 25, 2025 by Diligentia News in OilGas.State-owned gas utility GAIL (India) Ltd on Monday said it will invest ₹8.44 billion in expanding Dahej-Uran-Dabhol-Panvel natural gas pipeline capacity to meet increased energy demand. The DUPL-DPPL network, the name Dahej-Uran-Dabhol-Panvel natural gas pipeline network is referred to, currently has 19.9 million standard cubic metres per day capacity. This is being expanded to 22.5 […]
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India’s ethanol blending push faces US trade pressure
Posted on June 11, 2025 by Diligentia News in OilGas.India’s ethanol blending programme—once held up as a model of clean energy transition—is now facing a complex web of domestic bottlenecks and international pressure. After achieving the 20% blending target ahead of the March 2025 deadline, policymakers were expected to raise the bar to 30% by 2030. But those ambitions are now under threat, not […]
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GAIL Ranchi commenced offtake of Coal Bed Methane in Jharkhand
Posted on June 11, 2025 by Diligentia News in OilGas.Indian state-owned energy corporation, GAIL’s City Gas Distribution Ranchi, has commenced the offtake of Coal Bed Methane (CBM) from the North Karanpura CBM Block in Jharkhand, marking a major milestone in harnessing indigenous energy resources. This development reinforces our commitment to enhancing local energy security while supporting the Government of India’s vision of promoting clean, […]
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BofA: The Saudis Are Readying for a Long Oil Price War
Posted on June 11, 2025 by Diligentia News in OilGas.Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom […]
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