Category Archives: OilGas
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India Attracted $ 36 billion investment from pre-2014 NELP bid rounds: Oil ministry
Posted on April 21, 2025 by Diligentia News in OilGas.India attracted over $36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry. Under the New Exploration Licensing Policy (NELP), blocks were awarded to bidders promising maximum exploration, allowing them to recover investments from oil […]
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India targets reducing taxes on US ethane, LPG
Posted on April 21, 2025 by Diligentia News in OilGas.India is preparing to scrap import taxes on U.S. ethane and liquefied petroleum gas (LPG) as part of ongoing trade negotiations with Washington, according to sources familiar with the talks. The plan is aimed at easing India’s tariff load and narrowing its trade surplus with the United States, as pressure mounts on Asian economies to […]
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Russia’s Economy Ministry Lowers 2025 Oil Price Forecast
Posted on April 21, 2025 by Diligentia News in OilGas.Russia’s Economy Ministry has lowered its forecast for oil prices this year in an update for its baseline scenario, reflecting the latest trends on global oil markets. Per the new scenario, Brent crude will average $68 per barrel, down from $81.7 per barrel in the September 2024 scenario, Interfax reported today. The ministry also updated […]
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Private players win big in new E&P round
Posted on April 21, 2025 by Diligentia News in OilGas.For both public and private players in the oil and gas exploration and production (E&P) business, April 15, 2024, could well go down as a new dawn for the sector. As Hardeep Singh Puri, Minister of Petroleum and Natural Gas, argued: “The Indian hydrocarbon sector is entering a new era of accelerated exploration and development […]
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EU Considers Lifting Methane Requirements for U.S. LNG
Posted on April 21, 2025 by Diligentia News in OilGas.The European Union is considering what Reuters called tweaks to its methane emissions regulation in order to stimulate higher LNG imports from the United States, the publication has reported, citing unnamed sources in the know. The goal, per these sources, was to allow for “equivalent” methane standards to be applicable to U.S. liquefied natural gas […]
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Asia Offers to Buy More U.S. Energy to Avoid Steep Tariffs
Posted on April 17, 2025 by Diligentia News in OilGas.Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April. Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for economies in Asia and Southeast […]
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Sanctioned Russian Oil Exports to China Jump as STS Transfers Rise
Posted on April 17, 2025 by Diligentia News in OilGas.Chinese imports of Arctic Russian crude grades are on the rise as ship-to-ship (STS) transfers from sanctioned vessels on non-sanctioned tankers offshore Malaysia and Singapore are booming, according to traders and analysts. The Biden Administration’s farewell sanctions on Russian oil trade and exports sanctioned dozens of vessels carrying the ARCO, Novy port, and Varandey crudes […]
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Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus?
Posted on April 17, 2025 by Diligentia News in OilGas.Oil prices have been on the mend this week after taking a dive following President Trump’s global tariff offensive launch. Yet they still have a long way to go to return to where they were just four months ago—and many oil-exporting countries can’t wait for this to happen. The question is, will it? For now, […]
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Assessing the viability of LNG trucks
Posted on April 17, 2025 by Diligentia News in OilGas.India is considering liquefied natural gas (LNG) fuelled trucks as the long-haul road freight solution to replace the highly polluting diesel trucks. While there is little doubt that diesel trucks, a primary source of freight transport in India, require a cleaner alternative, the conundrum for policymakers is which technology to adopt – LNG trucks or […]
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Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas
Posted on April 17, 2025 by Diligentia News in OilGas.The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut […]
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