Category Archives: OilGas
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Oil Outlook Takes a Beating from Trade War Jitters
Posted on April 14, 2025 by Diligentia News in OilGas.Crude oil is set to end another week with substantial losses as markets reel from President Trump’s tariff offensive, despite the fact he pulled the punch at the last second. With one notable exception: China. As Beijing and Washington take turns to up the ante, the outlook for oil and energy in general has gone […]
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BP bets on NEC-25 for gas surge, credits PM Modi’s reforms
Posted on April 14, 2025 by Diligentia News in OilGas.Global energy giant BP Plc, which produces one-third of India’s natural gas, is targeting nearly 10 million cubic meters per day of additional output from the NEC-25 block in the Mahanadi basin, spurred by recent upstream reforms introduced by the Modi government. Its chief executive Murray Auchincloss said India’s upstream oil and gas policy overhaul […]
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Back to Russian gas? Trump-wary EU has energy security dilemma
Posted on April 14, 2025 by Diligentia News in OilGas.More than three years after Russia’s invasion of Ukraine, Europe’s energy security is fragile. U.S. liquefied natural gas helped to plug the Russian supply gap in Europe during the 2022-2023 energy crisis. But now that President Donald Trump has rocked relationships with Europe established after World War Two, and turned to energy as a bargaining […]
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US sanctions Indian national, 2 India-based entities for transporting Iranian petroleum
Posted on April 11, 2025 by Diligentia News in OilGas.The US has sanctioned a United Arab Emirates-based Indian national and two India-based entities operating as part of Iran’s “shadow fleet” and involved in shipping Iranian oil. Jugwinder Singh Brar owns multiple shipping companies that boast a fleet of nearly 30 vessels, many of which operate as part of Iran’s “shadow fleet”, the US Department […]
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India’s New Oilfield Regulations Attract Investors – BP CEO
Posted on April 11, 2025 by Diligentia News in OilGas.India’s upstream oil and gas policy overhaul through a new legislation has made several improvements important for foreign investors that can help attract global players, global energy giant BP’s CEO said. Parliament last month passed a bill that amended the Oil Fields (Regulation and Development) Act of 1948 by expanding its scope to include shale […]
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Oil India-CMC Ink CNG Deal
Posted on April 11, 2025 by Diligentia News in OilGas.Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with Coal Mines Company Limited (CMC) to establish a Rs 1.50 bn Compressed Natural Gas (CNG) plant, reinforcing India’s clean energy ambitions. Both OIL and CMC will work jointly on the project’s execution, with a strong focus on environmental standards, safety, and technological efficiency. […]
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Oil Prices Are on Course for Another Weekly Slump
Posted on April 11, 2025 by Diligentia News in OilGas.Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a 90-day pause on the levies. At the time of writing, Brent crude was trading at $63.01 per barrel, with West Texas Intermediate at $59.74 per […]
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Petronet LNG To Establish 50,000 MT Land-Based Terminal At Odisha’s Gopalpur Port, Marking First On India’s East Coast
Posted on April 11, 2025 by Diligentia News in OilGas.Petronet LNG Ltd (PLL) is set to establish a 50,000 MT land-based LNG terminal at Gopalpur Port in Odisha’s Ganjam district, marking its first such facility on India’s east coast. This landmark project is part of the ₹ 988.80 billion investment commitments secured by the state during a two-day Investors’ Meet recently held in New […]
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Oil companies’ losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in prices from this month: Report
Posted on April 10, 2025 by Diligentia News in OilGas.Oil marketing companies (OMCs) are likely to reduce losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking. The government has increased the prices of LPG cylinders by Rs 50 from April. It has […]
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Standard Chartered: Time To Dial Down the Oil Panic?
Posted on April 10, 2025 by Diligentia News in OilGas.Oil prices earned an unexpected reprieve on Wednesday afternoon, regaining over 3% immediately following U.S. President Donald Trump’s surprise decision to pause reciprocal tariffs for 90 days for all except China. After flirting with prices below $60, Brent crude was trading up 3.41% at 2:56 p.m. ET, while WTI was trading up 3.74%, breaching the […]
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