Category Archives: OilGas
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China Urges Refiners to Switch From Fuels to Petrochemicals
Posted on March 5, 2025 by Diligentia News in OilGas.Chinese refiners should reduce fuel production in favor of more petrochemicals, the country’s central planning agency said in its annual report. “We will advance petrochemical industries toward fine chemical industries by cutting the output of refined petroleum products, increasing the output of chemical products, and enhancing quality,” the National Development and Reform Commission said, as […]
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Reliance Industries says oil ministry raised $2.81 billion demand in gas dispute case
Posted on March 5, 2025 by Diligentia News in OilGas.Reliance Industries Limited (RIL) said on Tuesday the country’s Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction […]
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Why Analysts Think Oil Prices Will Remain Subdued
Posted on March 5, 2025 by Diligentia News in OilGas.Oil prices will likely remain around current levels or even lower this year, analysts and economists in the monthly Reuters poll said last week. Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel, the experts said. Supply shocks would be balanced out […]
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GAIL issues tender seeking nine LNG cargoes, say sources
Posted on March 5, 2025 by Diligentia News in OilGas.GAIL (India) has issued a tender seeking nine cargoes of liquefied natural gas (LNG) to be delivered over three years, two industry sources said on Tuesday. India’s largest gas distributor is seeking three LNG cargoes for delivery on May 16-22, June 6-12 and July 1-7 this year, with submissions due on March 7. It is […]
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Hedge Fund Claims Clean Energy Sector Is “Dead for Now”
Posted on March 4, 2025 by Diligentia News in OilGas.There is currently no money to be made from things like wind and solar, a hedge fund set up specifically to profit from that niche has concluded. “The whole sector — solar, wind, hydrogen, fuel cells — anything clean is dead for now,” Nishant Gupta, the founder of the UK-based fund, Kanou Capital, told Bloomberg, […]
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Mexico’s Energy Sector Poised for Private Investment Revival
Posted on March 4, 2025 by Diligentia News in OilGas.After six years of energy nationalisation under former President Andrés Manuel López Obrador (AMLO), the new President Claudia Sheinbaum administration is expected to once again welcome more private companies into Mexico’s energy sector. While Sheinbaum plans to maintain some of AMLO’s nationalisation policies, she is expected to allow greater participation from foreign companies in both […]
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Reliance Industries says petroleum ministry raised $2.81 billion demand in gas migration dispute case
Posted on March 4, 2025 by Diligentia News in OilGas.The Ministry of Petroleum and Natural Gas has issued a demand for $2.81 billion to Reliance Industries Limited (RIL) and its consortium partners – BP Exploration (Alpha) Limited and NIKO (NECO) Limited – over a long-standing dispute regarding gas migration from ONGC’s blocks to the KG-D6 block, RIL said on Tuesday. The claim stems from […]
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U.S. Sanctions, Not Demand, Behind Weak Start for Asian Oil Imports
Posted on March 4, 2025 by Diligentia News in OilGas.Weaker-than-expected oil flows to Asia have led to some questioning the validity of oil demand forecasts for the year. Imports have indeed been 780,000 bpd lower in January and February than a year ago—yet it has already been an eventful year. Anything might happen yet—including even more bearish things for oil. The 780,000 bpd figure […]
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Petroleum regulator firms up new guidelines for transporting petroleum products by road
Posted on March 4, 2025 by Diligentia News in OilGas.India’s Petroleum and Natural Gas Regulatory Board has issued fresh guidelines on transporting petroleum products by road in the wake of recent tragic accidents involving trucks carrying liquified petroleum gas, or LPG. The regulator has prohibited transporting petroleum products by road at night and mandated quarterly safety checks of vehicles to ensure that all safety […]
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Anglo-Eastern sets up LNG/ammonia bunkering station skid for maritime training
Posted on March 4, 2025 by Diligentia News in OilGas.Ship management services provider Anglo-Eastern has established a new LNG/ammonia bunkering station skid to provide hands-on training in safe and efficient fueling of LNG- and ammonia-powered vessels. The skid was set up at Anglo-Eastern Maritime Academy (AEMA) in Mumbai, India, and inaugurated on February 20, 2025, to offer real-world experience to industry professionals working with […]
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