Category Archives: OilGas
-
Cairn Oil & Gas opens doors to global partners for $5bn plan
Posted on December 11, 2025 by Diligentia News in OilGas.Cairn Oil & Gas, part of the Vedanta Group, is seeking international partners to support its $5 billion expansion over the next 2–3 years. Will these global alliances help boost India’s domestic oil and gas output? The company has also invited bids for the sale of natural gas from its Gujarat asset. Cairn targets global […]
Continue Reading... No Comments. -
Large Indian Refiners Take Russian Oil as Reliance Avoids Trade
Posted on December 11, 2025 by Diligentia News in OilGas.Four of India’s seven largest oil refiners have stepped up purchases of Russian oil as substantial discounts make Russian fuel attractive to buyers, even though the large company Reliance Industries Ltd. is holding back from such purchases. According to sources, state-owned Indian Oil Corp. and Bharat Petroleum Corp. in recent days bought about 10 cargoes […]
Continue Reading... No Comments. -
Russian oil prices fall to lowest level
Posted on December 11, 2025 by Diligentia News in OilGas.Prices for Russian crude shipments from its Black Sea and Pacific ports have fallen to their lowest levels since the full-scale invasion of Ukraine in February 2022, Bloomberg reported Tuesday, citing data from Argus Media. Urals crude, Russia’s main export grade, sold for an average of $38.28 per barrel in Novorossiysk during the week ending […]
Continue Reading... No Comments. -
India’s Russian Oil Imports Are Set to Hit a Six-Month High
Posted on December 11, 2025 by Diligentia News in OilGas.Indian refiners are on track to buy the most Russian crude in six months this December, despite U.S. sanctions on Russia’s top two exporters that went into effect in late November. The average daily arrivals of Russian oil in India are estimated at 1.85 million barrels, according to data from Kpler, cited by Reuters’ Clyde […]
Continue Reading... No Comments. -
Russia says India will continue to buy oil wherever it is profitable
Posted on December 9, 2025 by Diligentia News in OilGas.The Kremlin said on Monday that India would continue buying oil wherever it was profitable to do so in order to ensure its own economic interests. Russian President Vladimir Putin offered India uninterrupted fuel supplies on Friday, eliciting a cautious response even as he and Indian Prime Minister Narendra Modi agreed to expand trade and […]
Continue Reading... No Comments. -
Indian Oil Corp seeks LNG cargo for January delivery, sources say
Posted on December 9, 2025 by Diligentia News in OilGas.State-run Indian Oil Corp (IOC) issued a tender seeking a liquefied natural gas cargo for delivery in January, two industry sources said on Tuesday. IOC is seeking the cargo for delivery on January 20, with one source adding it is to be delivered to the Dahej terminal. The tender closes on December 9. Share This
Continue Reading... No Comments. -
Japan’s JERA Signs First Long-Term LNG Deal with India’s Torrent Power
Posted on December 9, 2025 by Diligentia News in OilGas.Japan’s JERA, the country’s largest power producer, has signed its first long-term liquefied natural gas (LNG) supply agreement outside Japan with India’s Torrent Power. Under the 10-year deal beginning in 2027, JERA will supply four LNG cargoes a year, around 270,000 tonnes annually, on a delivered ex-ship basis from its global LNG portfolio. Torrent Power […]
Continue Reading... No Comments. -
City gas firms race ahead on CNG, lag on home connections
Posted on December 9, 2025 by Diligentia News in OilGas.India’s city gas firms are racing ahead on lucrative CNG stations but slow on low-margin home connections, driven by both operational difficulty and the very different competitive landscape the two segments face. City gas distributors have overshot their target for CNG stations by 44% but fallen short of household piped-gas connections by 57%. As of […]
Continue Reading... No Comments. -
India Steps Up Purchases of Sanctions-Free Russian Crude
Posted on December 5, 2025 by Diligentia News in OilGas.India’s Bharat Petroleum Corp. and India Oil Corp. have bought Russian crude from non-sanctioned companies, with Bharat Petroleum ordering a cargo of 2 million barrels of Urals crude for January delivery, from companies other than Rosneft and Lukoil, Reuters has reported, citing unnamed trader sources. The price tag for the cargo featured a discount of […]
Continue Reading... No Comments. -
Indian refiners to issue second tender to secure four more US LPG cargoes
Posted on December 5, 2025 by Diligentia News in OilGas.Indian State-run refiners will issue a second tender in a few months to secure four more cargoes of LPG on a short-term basis from the US. Purchases will be on free on-board terms, enabling Indian refiners to deploy their own charters for long distance LPG transportation for the first time to cut costs, according to […]
Continue Reading... No Comments.
