Category Archives: OilGas
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Goldman Raises Oil Demand Outlook
Posted on May 19, 2025 by Diligentia News in OilGas.Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, […]
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Trump Administration turns to Asia for Alaska LNG project
Posted on May 19, 2025 by Diligentia News in OilGas.A curious ballet around the Alaska LNG Project has been unfolding on the international stage with some of America’s allies in Asia. It’s raising questions about whether the pipeline will at last find the funding that it needs after so much song and dance. It is a story some four decades long. The difference now, […]
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Oil regulator mandates LNG terminal registration, scraps carrier rule
Posted on May 19, 2025 by Diligentia News in OilGas.The oil regulator has made it mandatory for companies planning to establish new liquefied natural gas (LNG) import terminals or expand existing ones to obtain prior approval, but dropped the requirement to reserve a portion of the terminal capacity for third-party access. The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified Registration for Establishing […]
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May petrol sales in fast lane as summer travel peaks, diesel & ATF go off the boil, LPG on fire
Posted on May 16, 2025 by Diligentia News in OilGas.Preliminary sales figures from state-owned fuel retailers, made available on May 16, showed that petrol usage surged by approximately 10 per cent in the first half of May as travel during the summer season caused a spike in demand. Between May 1 and May 15, petrol consumption escalated to 1.5 million tonnes, up from 1.37 […]
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Kuwait to Invest $50 Billion to Boost Oil Production Capacity
Posted on May 16, 2025 by Diligentia News in OilGas.Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporation’s deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said. Kuwait is “planning to invest […]
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Oil Set For Weekly Gain on China Trade Deal Hope
Posted on May 16, 2025 by Diligentia News in OilGas.Crude oil prices were set for a weekly gain after a string of losses on the news of a trade war ceasefire between the U.S. and China, which sparked hopes the two would come to a mutually beneficial understanding that would end the tariff spat. At the time of writing, Brent crude was trading at […]
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Petronet LNG requests extra land for Dahej petrochemicals complex project
Posted on May 16, 2025 by Diligentia News in OilGas.Petronet LNG Ltd, India’s largest gas importer, has requested additional land from the Gujarat government for a fabrication yard as part of its upcoming petrochemical project in Dahej. The company is investing ₹206.85 billion in the plant, construction of which is already underway. The project aims to meet the rising domestic demand for petrochemical products […]
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GAIL Plans 5-6 MTPA LNG Expansion by 2030
Posted on May 16, 2025 by Diligentia News in OilGas.GAIL has announced ambitious plans to expand its LNG (Liquefied Natural Gas) capacity by 5-6 MTPA under term deals by 2030. The company is also targeting the addition of around 255 new CNG stations over the next two years, signaling aggressive growth in the natural gas segment. The company is optimistic about the possibility of […]
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Govt to hold pre-emption right over oil, gas in national emergency: Draft rules
Posted on May 12, 2025 by Diligentia News in OilGas.The government will hold pre-emption rights over all oil and natural gas produced in the country in any event of national emergency, according to draft rules being framed under a revamped oilfields legislation. A pre-emption right (or preemptive right) is the legal right of a party – often a government or existing shareholder – to […]
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India takes green freight leap as LNG trucks hit Punes logistics corridor
Posted on May 9, 2025 by Diligentia News in OilGas.A fleet of liquefied natural gas (LNG)-powered heavy-duty trucks was rolled out in Pune this week, marking a decisive shift toward low-emission transportation. The deployment, made possible through a strategic financial collaboration, represents one of the largest commercial transitions from diesel to alternative fuels in the country’s road freight ecosystem. With this, India’s green transport […]
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