Category Archives: OilGas
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Oil Drops, Markets Rattle as Trump Unleashes Tariffs
Posted on April 3, 2025 by Diligentia News in OilGas.Oil prices slipped on Wednesday afternoon after initially climbing more than $1 as markets digested a sweeping new round of global tariffs announced by an aggrieved U.S. President Donald Trump from the Rose Garden. The announcement rattled equity markets and fueled uncertainty across commodities, despite initial gains. Both Brent and WTI crude futures lost ground […]
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Canada Plots Energy Escape Route from Trump’s America
Posted on April 3, 2025 by Diligentia News in OilGas.The leaders of Canada’s two biggest political parties are promising expansion and modernization of energy infrastructure to reduce dependence on the United States for energy exports amid U.S. President Donald Trump’s tariff and sovereignty threats. Mark Carney, the Prime Minister who replaced Justin Trudeau and is leading the Liberal Party ahead of the April 28 […]
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India achieves historic milestone in renewable energy sector, adds 25 GW of capacity in FY 25
Posted on April 3, 2025 by Diligentia News in OilGas.The Ministry of New and Renewable Energy (MNRE) achieved historic milestone in the renewable energy sector for the financial year 2024-25. The country has added an unprecedented 25 GW of renewable energy capacity, marking an increase of nearly 35% over the previous year’s addition of 18.57 GW. India’s solar power sector led the renewable energy […]
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GAIL opens fresh round of inviting proposals for equity investment in start-ups
Posted on April 3, 2025 by Diligentia News in OilGas.Continuing its commitment to support innovative Start-Ups, GAIL (India) Limited on Tuesday launched the 10th round of its initiative ‘GAIL Pankh’ through which interested Start-Ups can apply for equity investment from the Maharatna PSU. They can apply through the link ‘GAIL Pankh’ on GAIL website https://gailonline.com. The 10th round will remain open from April 1, […]
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Saudi Arabia Faces Oil Price Dilemma
Posted on April 2, 2025 by Diligentia News in OilGas.As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the world’s top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price. […]
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Sanctioned Russian Arctic LNG Plant Flares Gas After Long Lull
Posted on April 2, 2025 by Diligentia News in OilGas.Russia’s Arctic liquefied natural gas plant appears to have flared fuel last week, satellite images show, a move that could indicate the restart of a sanctioned export facility that has effectively been shuttered since last October. Snapshots taken by the European Sentinel 2 satellite show the Arctic LNG 2 facility flaring gas on March 30. […]
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Trump’s Russian oil threat pushes India to seek alternatives
Posted on April 2, 2025 by Diligentia News in OilGas.Indian refiners have rushed back to the market to seek crude supply after President Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and […]
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MoPNG sets April gas price at $7.26/mmBtu; deepwater cap till Sept $10.04
Posted on April 2, 2025 by Diligentia News in OilGas.The ministry of petroleum and natural gas has notified the price of domestic natural gas for the period from April 1 to April 30, 2025, as $7.26 per million British thermal units (mmBtu) on a Gross Calorific Value (GCV) basis. The Petroleum Planning & Analysis Cell (PPAC), in a notification dated March 31, 2025, said, […]
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Kazakhstan Is Taking Big Hits As Trump and Putin Feud
Posted on April 1, 2025 by Diligentia News in OilGas.Over the past few weeks, the Trump administration has attempted to broker a peace deal between Russia and Ukraine, offering a glimmer of hope that the 3-year war could soon come to an end. The U.S. has held separate meetings with Russian and Ukrainian delegations in a bid to reach a lasting deal, but one […]
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Indian Refiners Seek Alternatives to Russian Crude After Trump Tariff Threat
Posted on April 1, 2025 by Diligentia News in OilGas.Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine. Bloomberg reported that companies such as Bharat Petroleum Corp. and Hindustan Petroleum Corp. were looking for oil cargoes from the Middle East, the […]
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