Category Archives: OilGas
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GAIL and Cummins forge partnership to advance hydrogen and energy transition
Posted on February 17, 2025 by Diligentia News in OilGas.GAIL (India) Limited, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, has signed a memorandum of understanding (MoU) with Accelera by Cummins to collaborate on hydrogen and energy transition technologies in India. The agreement, signed at India Energy Week 2025, focuses on exploring opportunities in hydrogen production, blending, transportation, and storage. By […]
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Trump is pushing India to buy more American gas – could Russia’s be the better choice?
Posted on February 17, 2025 by Diligentia News in OilGas.As New Delhi seeks to diversify its LNG supply, both Moscow and Washington are courting the country to secure major deals. One of the outcomes of Prime Minister Narendra Modi’s recent visit to Washington this week is an expansion of energy cooperation with the US under the India-US Comprehensive Global Strategic Partnership. In a joint […]
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India launches biggest oil and gas bidding round under OALP at Energy Summit
Posted on February 12, 2025 by Diligentia News in OilGas.Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday, February 11, launched the 10th round of bidding for oil and gas assets under the Open Acreage Licensing Policy (OALP) at the India Energy Summit 2025. This round marks the largest bidding exercise in terms of acreage offered under the Hydrocarbon Exploration and Licensing […]
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India To Launch Oil And Gas Licensing Rounds
Posted on February 11, 2025 by Diligentia News in OilGas.India is set to launch new rounds for oil and gas block licensing this week, Oil Minister Hardeep S. Puri announced on Monday. Puri also indicated that energy supply issues are expected to be a key topic during Indian Prime Minister Narendra Modi’s upcoming meeting with US President Trump later this week. Given India’s increasing […]
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India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri
Posted on February 11, 2025 by Diligentia News in OilGas.Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil from all possible sources to meets its demand. Addressing a press conference a day ahead of the India Energy Week 2025, the Union minister recalled how India diversified its crude imports from 27 countries to 40 countries. Argentina is the […]
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Oil Prices Remain Under Pressure From Trade War Fears
Posted on February 7, 2025 by Diligentia News in OilGas.Crude oil prices were set to end the week with a third consecutive decline as worry about the effect of Trump’s tariffs and China’s retaliation to them dragged benchmarks down. At the time of writing, oil was slightly up from Thursday, with Brent crude at $74.69 a barrel and West Texas Intermediate at $70.92 per […]
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ADNOC and India: strengthening energy ties for a sustainable future
Posted on February 7, 2025 by Diligentia News in OilGas.As we gather for the Third Edition of India Energy Week in New Delhi, we stand at the crossroads of a new era of human progress and global prosperity that will be shaped by three megatrends: the rise of emerging economies, the transformation of global energy systems and the rapid growth of AI. Among the […]
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Trump’s tariffs and Russian oil woes deepen crisis for Indian OMCs
Posted on February 7, 2025 by Diligentia News in OilGas.India’s state-owned oil-marketing companies (OMCs) are staring down an abyss in 2025 on the heels of a disappointing annual budget for oil and gas for 2025-26 and from the volatility in oil and gas markets caused by the Trump administration’s disruptive energy tariff policies. These developments come amid discounted Russian oil flows, a mainstay of […]
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Aramco raises prices as demand from Asia grows
Posted on February 7, 2025 by Diligentia News in OilGas.Saudi Aramco, the world’s leading oil exporter, has sharply increased crude prices for March shipments to buyers in Asia. Demand from China and India is rising as US sanctions disrupt Russian supply. Aramco raised the official selling price for flagship Arab Light crude by $2.40 to $3.90 per barrel above the Oman/Dubai benchmark average, Saudi […]
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China’s Energy Tariffs Shake Up Global Oil and LNG
Posted on February 6, 2025 by Diligentia News in OilGas.China’s retaliatory tariffs on imports of U.S. crude oil, LNG, and coal will have a limited effect on Chinese purchases as Beijing’s oil and gas imports from the United States were modest, at best, even before the renewed trade war. However, the Chinese tariffs on U.S. energy, expected to take effect on February 10, have […]
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