Category Archives: OilGas
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Trump: 25% Tariff On Anyone Who Buys Venezuelan Oil & Gas
Posted on March 25, 2025 by Diligentia News in OilGas.U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a “very violent nature. Earlier this […]
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Indian Refineries Slashing Spot Tenders as Russian Oil Flows Back
Posted on March 25, 2025 by Diligentia News in OilGas.Indian refiners will issue fewer tenders for the purchase of crude oil on the spot market in the coming month as Russian supplies bounce back, Reuters has reported. Previously, Bharat Petroleum CFO revealed that middlemen who supply Russian oil stopped offering cargoes following U.S. sanctions imposed by the Biden administration targeted Russian producers, tankers and […]
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India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Posted on March 25, 2025 by Diligentia News in OilGas.Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a history of imposing heavy tariffs on India, including 25% on steel and 10% on aluminum imposed in 2018. The tariffs had […]
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India’s spot oil needs wane as Russia flows are set to rebound
Posted on March 24, 2025 by Diligentia News in OilGas.Indian refiners are likely to issue fewer tenders for spot crude in the coming months as volumes from top supplier Russia return to near normal levels, highlighting the trade’s success in working around US sanctions. The Asian nation’s state-owned processors are on track to secure more than three dozen cargoes that will load next month, […]
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Kochi launches trial run of biogas plant to convert 150 tonnes of food waste to gas
Posted on March 24, 2025 by Diligentia News in OilGas.The city of Kochi has initiated a trial run for its newly constructed compressed biogas (CBG) plant in Brahmapuram, aimed at converting 150 tonnes of food waste into gas. The first phase of the plant, which includes one of the two bio-digesters, is now operational, with the second bio-digester expected to be completed soon. BPCL […]
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Himanta Biswa Sarma flags Rs 5 billion annual loss at BCPL, vows revival plan
Posted on March 24, 2025 by Diligentia News in OilGas.Assam Chief Minister Himanta Biswa Sarma has raised concerns over the financial health of Brahmaputra Cracker and Polymer Limited (BCPL) in Lepetkata, Dibrugarh, revealing that the company has been incurring an annual loss of approximately Rs 5 billion for the past two years. During his visit to BCPL, CM Sarma highlighted the critical financial challenges […]
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Big Oil Shrugs at $50 Crude
Posted on March 24, 2025 by Diligentia News in OilGas.Exxon is planning to boost its oil production regardless of where international oil prices are heading. This comes from a senior company executive who spoke to Semafor this week. It also likely reflects the sentiment across the supermajor segment of the energy industry. After all, that’s what the consolidation drive was all about. Exxon announced […]
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ONGC to import ethane to make up for changed Qatar LNG composition
Posted on March 24, 2025 by Diligentia News in OilGas.Oil and Natural Gas Corporation (ONGC) plans to import ethane starting in mid-2028 to compensate for the altered composition of liquefied natural gas (LNG) sourced from Qatar, according to a tender floated by the state-owned firm. India imports 7.5 million tonnes per annum of LNG from Qatar. Under the deal, QatarEnergy supplies 5 million tonnes […]
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Gujarat Gas Pipeline Commissioned: Chhara LNG Terminal to Grid
Posted on March 24, 2025 by Diligentia News in OilGas.A natural gas pipeline, connecting the newly set up 5 million tonnes per annum LNG import terminal at Chhara in the Gir-Somnath district with the gas grid, has been commissioned, Gujarat State Petronet Ltd has said. The pipeline having capacity to ship 18 million standard cubic metres per day was developed by Gujarat State Petronet […]
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Analysts forecast 2025 growth in India’s LPG imports to be slightly lower compared to previous year
Posted on March 21, 2025 by Diligentia News in OilGas.The latest LPG Forecaster published by maritime research consultancy Drewry highlighted the 24 per cent surge in India’s 2024 LPG imports, propelled by strong residential consumption, which was in turn fuelled by the general elections, low domestic production and diversion of domestic LPG to the petchem sector. However, India’s import growth is likely to slow […]
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