Category Archives: OilGas
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India’s New Oilfield Regulations Attract Investors – BP CEO
Posted on April 11, 2025 by Diligentia News in OilGas.India’s upstream oil and gas policy overhaul through a new legislation has made several improvements important for foreign investors that can help attract global players, global energy giant BP’s CEO said. Parliament last month passed a bill that amended the Oil Fields (Regulation and Development) Act of 1948 by expanding its scope to include shale […]
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Oil India-CMC Ink CNG Deal
Posted on April 11, 2025 by Diligentia News in OilGas.Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with Coal Mines Company Limited (CMC) to establish a Rs 1.50 bn Compressed Natural Gas (CNG) plant, reinforcing India’s clean energy ambitions. Both OIL and CMC will work jointly on the project’s execution, with a strong focus on environmental standards, safety, and technological efficiency. […]
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Oil Prices Are on Course for Another Weekly Slump
Posted on April 11, 2025 by Diligentia News in OilGas.Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a 90-day pause on the levies. At the time of writing, Brent crude was trading at $63.01 per barrel, with West Texas Intermediate at $59.74 per […]
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Petronet LNG To Establish 50,000 MT Land-Based Terminal At Odisha’s Gopalpur Port, Marking First On India’s East Coast
Posted on April 11, 2025 by Diligentia News in OilGas.Petronet LNG Ltd (PLL) is set to establish a 50,000 MT land-based LNG terminal at Gopalpur Port in Odisha’s Ganjam district, marking its first such facility on India’s east coast. This landmark project is part of the ₹ 988.80 billion investment commitments secured by the state during a two-day Investors’ Meet recently held in New […]
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Oil companies’ losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in prices from this month: Report
Posted on April 10, 2025 by Diligentia News in OilGas.Oil marketing companies (OMCs) are likely to reduce losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking. The government has increased the prices of LPG cylinders by Rs 50 from April. It has […]
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Standard Chartered: Time To Dial Down the Oil Panic?
Posted on April 10, 2025 by Diligentia News in OilGas.Oil prices earned an unexpected reprieve on Wednesday afternoon, regaining over 3% immediately following U.S. President Donald Trump’s surprise decision to pause reciprocal tariffs for 90 days for all except China. After flirting with prices below $60, Brent crude was trading up 3.41% at 2:56 p.m. ET, while WTI was trading up 3.74%, breaching the […]
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Is Oil Demand About to Surge?
Posted on April 10, 2025 by Diligentia News in OilGas.Benchmark oil prices hit the lowest level since the pandemic panic on Wednesday. Once again, the slump is caused by panic—this time, market panic as U.S. President Donald Trump keeps turning up the tariff heat. For now, everyone seems to be in the grip of fear about what tariffs would do to oil demand. But […]
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GAIL establishes wholly owned subsidiary in IFSC at GIFT City, Gujarat
Posted on April 9, 2025 by Diligentia News in OilGas.State run Gas utility firm, Gail (India) Ltd has incorporated a wholly owned subsidiary, Gail Global IFSC Ltd with authorised share capital of Rs 170 million with initial paid up capital of Rs 85 billion. The subsidiary will operate as a finance company in IFSC GIFT City, Gujarat to undertake Global and Regional Corporate Treasury […]
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Oil Price Slump, Tariffs Hit Oilfield Services Sector
Posted on April 8, 2025 by Diligentia News in OilGas.Oil prices dropped off a cliff last week after President Trump announced a barrage of tariffs on global trading partners, triggering panic in the trading world. The effect has now rippled across the energy industry, set to discourage production growth—and hurt oilfield service companies. The sector was already worrying about the steel and aluminum tariffs […]
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China’s Multi-Month LNG Buying Strike is a Boon for Europe
Posted on April 8, 2025 by Diligentia News in OilGas.The escalating trade war between the US and China could increase liquefied natural gas flows to energy-stricken Europe, as China remains on a multi-month buying strike. Bloomberg cited marine traffic data from Kpler, showing that no US LNG shipments are currently inbound or about to be inbound to China. “Zero LNG trade between China and […]
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