Category Archives: OilGas
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India’s natural gas production to peak in 2025, decline thereafter: Wood Mackenzie
Posted on February 6, 2025 by Diligentia News in OilGas.India’s natural gas production is expected to peak in the current calendar year, after which it is likely to decline at a rate of 3.6 per cent annually until 2030, Wood Mackenzie said in a report. Besides, falling production amidst rising demand for the commodity—considered the best transition fuel—is expected to push up imports. India […]
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Good news for India? Crude oil prices to stay in $75-$80/bbl range over next six months
Posted on February 6, 2025 by Diligentia News in OilGas.After a sharp rise in January 2025, global crude oil prices are expected to average between $75-$80 per barrel over the next six months. This trend is primarily driven by the new Trump administration’s plan to ramp up crude production, OPEC’s decision to maintain output levels, and no major disruption in Russian crude supply. Meanwhile, […]
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GAIL issues swap tender for 12 LNG cargoes
Posted on February 4, 2025 by Diligentia News in OilGas.GAIL (India) Ltd has issued a swap tender offering 12 liquefied natural gas (LNG) cargoes for loading in the United States in exchange for 12 cargoes to be delivered to India in 2026, two industry sources said on Tuesday. GAIL, India’s largest gas distributor, is offering the cargoes for loading, one in each month of […]
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India’s green hydrogen sector may belong to big players
Posted on February 4, 2025 by Diligentia News in OilGas.India’s green hydrogensector is expected to be increasingly dominated by big players going forward as high capital requirements, economies of scale, and financial challenges will drive out small players, according to experts. “It is indeed true that the initial excitement around the green hydrogen business in India stands reduced with the early enthusiasm from companies […]
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Why Oil Prices Could Spike in February
Posted on February 3, 2025 by Diligentia News in OilGas.Oil prices are set to finish this week some $2 per barrel lower than a week ago as the January ICE Brent futures contract expires just below $77 per barrel. However, the second straight weekly decline could be cut short very quickly if Donald Trump’s February 1 deadline for Canada and Mexico leads to the […]
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Budget 2025 | Puri says there’s more than enough for oil companies, LPG beneficaries
Posted on February 3, 2025 by Diligentia News in OilGas.Hardeep Singh Puri, the Union Minister for Petroleum and Natural Gas, on Saturday reitered the government’s commitment to compensating for losses incurred by Oil Marketing Companies (OMCs) and said this does not require a separate budgetary provision. Puri explained that his ministry can seek funds from the finance ministry when required and said oil manufacturers […]
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From Russia to the US: Europe’s Shift in Energy Reliance Sparks Debate on Vulnerability
Posted on January 27, 2025 by Diligentia News in OilGas.Ursula von der Leyen, the president of the European Commission, expressed her regret at the Davos Forum that energy prices in Europe are substantially higher than those in the United States and China. Von der Leyen’s conduct so far can be characterized as a rabid anti-Russian and pro-Ukrainian cheerleader. Although she turned the facts upside […]
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Bangladesh Govt signs LNG deal with US firm
Posted on January 27, 2025 by Diligentia News in OilGas.The government has signed a heads of agreement (HOA) with the US-based Argent LNG to import up to 5 million tonnes of liquefied natural gas per year for 20 years. Argent LNG is developing a 25 million metric tonnes per annum LNG facility in Louisiana, a southeastern US state on the Gulf of Mexico. The […]
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GAIL Chairman Sandeep Kumar Gupta Predicts Continued High Oil and Gas Prices Amid Market
Posted on January 27, 2025 by Diligentia News in OilGas.Expecting the second term of US President Donald Trump to be overall good for the energy sector, public sector major GAIL India’s chairman Sandeep Kumar Gupta has said that any softening in oil and gas prices may still take some time. Speaking during the World Economic Forum Annual Meeting, Gupta also said GAIL is looking […]
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Muted natural gas output likely in FY25 on cautious Reliance Industries’ KG Basin fields outlook
Posted on January 24, 2025 by Diligentia News in OilGas.India’s natural gasoutput is headed for a muted show in FY25 after three straight years of rise, as the production outlook is rather circumspect at Reliance Industries’ KG Basin fields that were at the vanguard of the industry’s growth in recent years. India produced 27.3 billion cubic meters in April-December 2024, compared with 27.2 billion […]
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