Category Archives: OilGas
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Shell forecasts global LNG demand to increase by 60% by 2040
Posted on February 27, 2025 by Diligentia News in OilGas.Global demand for liquefied natural gas (LNG) is projected to rise by approximately 60% by 2040, primarily fuelled by economic expansion in Asia, according to Shell’s LNG Outlook 2025 report. The report highlights the increasing demand for natural gas as the world transitions to cleaner energy sources. The impact of AI and efforts to reduce […]
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India looking at increasing ethanol blending with petrol to over 20%: Hardeep Singh Puri
Posted on February 27, 2025 by Diligentia News in OilGas.India is looking at increasing its target to blend ethanol with petrol to more than 20% and has formed a committee under the NITI Aayog to look into it, Petroleum and Natural Gas Minister Hardeep S. Puri said on Wednesday (February 26, 2025). Addressing the Advantage Assam 2.0 business summit, he said 19.6% blending has […]
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TAPI Pipeline to Remain Failure Without India and Pakistan’s Participation
Posted on February 27, 2025 by Diligentia News in OilGas.During a cabinet meeting on February 7, President of Turkmenistan Serdar Berdimuhamedov urged Turkmen officials to accelerate the construction of the $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. While highlighting Turkmenistan’s energy policy for 2025, Berdimuhamedov stressed the need to modernize the energy sector on a priority basis to enhance the country’s oil and gas production […]
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Oil India Limited CMD highlights bamboo-based 2G ethanol plant
Posted on February 27, 2025 by Diligentia News in OilGas.At the Advantage Assam 2.0 Summit on Tuesday, Dr Ranjit Rath, Chairman & Managing Director (CMD) of Oil India Limited (OIL), underscored the company’s pioneering efforts in the energy sector, particularly the establishment of a bamboo feedstock-based second-generation (2G) ethanol plant at Numaligarh Refinery Limited(NRL). This initiative, he emphasized, aligns with Prime Minister Narendra Modi’s […]
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Natural Gas is Still a Dirty Word, But It’s Here to Stay: WoodMac
Posted on February 24, 2025 by Diligentia News in OilGas.Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly in power generation, industrial processes, […]
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India has lowest petroleum prices in the world, says Union Minister
Posted on February 24, 2025 by Diligentia News in OilGas.Union Petroleum Minister Hardeep Singh Puri asserted that petroleum prices in India were the lowest in the world. The petroleum prices had come down in ‘absolute and real terms’ in the country, he said. The Minister was in the city to address a meeting on Budget with intellectuals and businessmen, on Friday. Addressing a press […]
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Good if we get Russian crude, but no major concern if we don’t: BPCL Director (Refineries) Sanjay Khanna
Posted on February 24, 2025 by Diligentia News in OilGas.Fuel retailer Bharat Petroleum Corporation (BPCL) does not expect any disruption in supply of Russian crude to have significantly impact its profitability or crude supply security since discounts on Russian crude have shrunk considerably and there are numerous oil supply sources available, according to BPCL’s director (refineries) SANJAY KHANNA. As for its planned greenfield coastal […]
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Oil Prices Inch Higher on Caspian Supply Disruption and Cold Weather in the U.S.
Posted on February 19, 2025 by Diligentia News in OilGas.Crude oil prices rose today following a drone attack on the Caspian Pipeline Consortium and cold weather in the United States, both disruptive to production. At the time of writing, Brent crude was trading at $75.90 per barrel, with West Texas Intermediate at $71.91 per barrel. A statement by the Russian government said that flows […]
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Iranian Oil Exports to China Rebound
Posted on February 19, 2025 by Diligentia News in OilGas.Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted a number of tankers, trading entities, and shipping companies as participants in sanctioned oil trade. The February average of Iranian […]
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Brazil Joins OPEC+
Posted on February 19, 2025 by Diligentia News in OilGas.Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said. At the announcement of the Brazilian government’s decision to join the group, Mines and Energy Minister Alexandre Silveira described OPEC as “a forum for discussing strategies […]
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