Category Archives: OilGas
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India Expands Crude Purchase From Nigeria
Posted on September 8, 2025 by Diligentia News in OilGas.India Oil Corp has significantly sustained oil imports from Nigeria after skipping the purchase of U.S. oil in its latest tender. According to Reuters, which quoted trade sources on Friday, the company purchased 2 million barrels of Nigeria’s crude oil and a million barrels of Middle Eastern grade. The state refiner also bought one million […]
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GST Cut On Biogas Plants To Spur Investment, Says Industry Body
Posted on September 8, 2025 by Diligentia News in OilGas.Effective from 22 September, the GST on biogas plants and devices has been cut from 12 per cent to 5 per cent following a major restructuring of the tax regime. The GST Council, comprising the Centre and states, last week agreed to reduce tax rates on 375 items and simplify slabs from four to just […]
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India will continue to buy Russian oil despite US tariffs, finance minister says
Posted on September 8, 2025 by Diligentia News in OilGas.India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the US have shunned Russian oil over Moscow’s 2022 invasion of Ukraine, India […]
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ADNOC signs LNG supply agreement with IndianOil
Posted on September 4, 2025 by Diligentia News in OilGas.Dhabi National Oil Company (ADNOC) has entered into a 15-year agreement with Indian Oil Corporation (IOC) to supply one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Ruwais project. The deal strengthens India’s energy security while supporting its rising energy demand. With this agreement, IOC will become ADNOC’s largest LNG customer […]
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India’s oil imports from US drop as Russian crude dominates despite tariff pressures
Posted on September 4, 2025 by Diligentia News in OilGas.India’s crude oil imports from the US fell sharply in August even as Russian barrels continued to dominate the country’s energy basket, according to shipping analytics firm Kpler. US crude shipments to India dropped 37% month-on-month and 38% year-on-year to just 230,000 barrels per day (bpd). At the same time, India imported 1.7 million bpd […]
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Hydrogen trucks to run on these 10 highways in India
Posted on September 4, 2025 by Diligentia News in OilGas.The Central government has identified 10 highway stretches in different parts of the country to facilitate the operation of trucks running on green hydrogen, Union Road Transport and Highways Minister Nitin Gadkari said on Tuesday. The minister added that there will be stations to fill hydrogen in vehicles on these stretches. These hydrogen pumps will […]
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India to raise LNG import capacity by 27% to 66.7 million tons a year
Posted on September 2, 2025 by Diligentia News in OilGas.India plans to raise its liquefied natural gas (LNG) import capacity by 27% to 66.7 million metric tons per year by 2030 as it is adding two more terminals, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said in a post on social media platform X (formerly Twitter) on Tueaday. Currently, India is […]
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Nikki Haley Asks India To Take Trump’s View On Russian Oil Seriously
Posted on August 25, 2025 by Diligentia News in OilGas.“India must take Trump’s point over Russian oil seriously,” said Republican leader Nikki Haley, adding that New Delhi must work with the White House to find a solution, “sooner the better”. “Navigating issues like trade disagreements and Russian oil imports demands hard dialogue,” Haley posted on social media on Saturday (local time). She posted on […]
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How India’s Russian Oil Buys Stabilise Global Markets And How The West Quietly Benefits
Posted on August 23, 2025 by Diligentia News in OilGas.Standing beside his Russian counterpart Sergey Lavrov in Moscow, External Affairs Minister S Jaishankar was unambiguous. “We are not the biggest purchasers of Russian oil, that is China,” he said, pushing back against what he described as a “perplexing” narrative from the West. Addressing media questions about US tariffs on Indian goods, Jaishankar defended India’s […]
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Hydrocarbon hunt: India’s oil and gas churn is high risk, high return
Posted on August 23, 2025 by Diligentia News in OilGas.Prime Minister Narendra Modi’s announcement on Independence Day of Samudra Manthan, a mission to accelerate domestic oil and gas exploration, could not have come at a more pressing hour for India. Global geopolitical trends and trade turmoil have turned the spotlight on measures to moderate the outflow of dollars through our single largest drain: oil […]
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