Category Archives: OilGas
-
GAIL Forecasts ₹40-50 billion PBT in Gas Marketing, Revises FY26 Transmission Volume Target
Posted on November 3, 2025 by Diligentia News in OilGas.Gail (India) Limited, the country’s largest gas transmission and marketing company, has provided insights into its future financial performance and operational outlook. The state-owned entity has projected a significant profit before tax (PBT) in its gas marketing segment while adjusting its transmission volume expectations for the fiscal year 2026. Profit Projections and Volume Guidance GAIL’s […]
Continue Reading... No Comments. -
QatarEnergy signs 17-year LNG supply agreement with India’s GSPC
Posted on October 30, 2025 by Diligentia News in OilGas.Qatar Energy has signed a 17-year agreement with Gujarat State Petroleum Corporation (GSPC) to supply up to one million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) to India, the company announced on Wednesday, October 29. The contracted LNG volumes will be delivered ex-ship, directly to Indian terminals from 2026. Saad Sherida Al-Kaabi, Qatar’s […]
Continue Reading... No Comments. -
India’s first ship-to-ship LNG bunkering facility to come up at Vizhinjam
Posted on October 30, 2025 by Diligentia News in OilGas.The first ship-to-ship Liquefied Natural Gas (LNG) bunkering facility in the country will be set up at Vizhinjam International Seaport in Kerala. Adani Ports and Special Economic Zone Ltd (APSEZ) and the Bharat Petroleum Corporation Limited (BPCL) have entered a strategic partnership to establish the first ship-to-ship LNG bunkering facility at Vizhinjam. The Memorandum of […]
Continue Reading... No Comments. -
BPCL buys crude from every place including Russia based on viability: CMD
Posted on October 30, 2025 by Diligentia News in OilGas.State-owned BPCL has said its crude procurement is based on techno-commercial viability for its refineries and it buys from every geography including Russia. BPCL Chairman and Managing Director Sanjay Khanna said that currently preparation of Detailed Feasibility Report (DFR) is underway for the company’s proposed Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore […]
Continue Reading... No Comments. -
India to build own fleet of oil tankers, aims to cut USD 8 Billion charter costs: Hardeep Puri
Posted on October 30, 2025 by Diligentia News in OilGas.ndia is planning a major shift in its energy shipping strategy by building its own fleet of oil tankers to reduce the massive freight costs currently paid to foreign vessel operators, Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced on Wednesday. The Tribune Subscription Banner Speaking at India Maritime Week 2025 in Mumbai, […]
Continue Reading... No Comments. -
Petroleum Secretary calls for bold, time-bound deepwater exploration for India’s energy self-reliance
Posted on October 27, 2025 by Diligentia News in OilGas.Petroleum and Natural Gas Secretary Pankaj Jain on Sunday called for bold, time-bound exploration strategies aligned with the National Deepwater Mission, emphasising urgency, innovation, and national responsibility in realising India’s energy self-reliance, or Atmanirbharta. Delivering the keynote at the 15th Biennial International Conference and Exposition of the Society of Petroleum Geophysicists (SPG-India) 2025, themed “Rock […]
Continue Reading... No Comments. -
Russia to remain India’s No 1 crude oil supplier: Analysts
Posted on October 6, 2025 by Diligentia News in OilGas.India’s crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country’s total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow’s war effort in Ukraine. India’s crude imports in September were around 4.7 million barrels per day, up […]
Continue Reading... No Comments. -
Economics trumps politics: India’s US oil, LNG imports slump sharply
Posted on October 3, 2025 by Diligentia News in OilGas.Shipments of crude oil from the US to India dropped by an average of 40 per cent in August and September—coinciding with US President Donald Trump ratcheting up pressure on India—from July levels. Senior industry officials told Business Standard that when it comes to oil and gas, “economics trumps politics”. Imports of LNG from the […]
Continue Reading... No Comments. -
India’s oil market splits as state refiners cut Russian crude & private players ramp up buys
Posted on October 3, 2025 by Diligentia News in OilGas.India’s oil market is split, with state-run refiners retreating from Russian crude amid US pressure and narrowing discounts while private refiners are stepping up sourcing State-run refiners cut Russian crude purchases in September, signalling caution. Their imports averaged 605,000 barrels per day (bpd) — 32% below their April-August average, 22% lower than in August, and […]
Continue Reading... No Comments. -
India’s gas story losing steam? Why high LNG prices are a worry for Gujarat Gas, IGL, MGL — but boosting GAIL
Posted on October 3, 2025 by Diligentia News in OilGas.India’s gas market is showing signs of strain, and the latest note from brokerage group JM Financial makes it clear why. Demand has flattened, domestic output is slipping, and expensive LNG in Asia is hurting the very companies expected to expand gas consumption. A recent report by JM Financial highlighted how elevated spot prices are […]
Continue Reading... No Comments.
