Category Archives: OilGas
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India can lessen reliance on Russian oil if US emerges as key supplier
Posted on February 19, 2025 by Diligentia News in OilGas.US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine. Analysts expect Delhi to welcome the move by Washington, which could induce Russia to sell its oil at market rates. India and China […]
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BPCL expects to get gas from Mozambique LNG project by 2029, says CMD
Posted on February 18, 2025 by Diligentia News in OilGas.Bharat Petroleum Corporation Ltd (BPCL) expects receiving gas from the Mozambique project by early to mid-2029 if the liquefied natural gas (LNG) project resumes operations this calendar year, chairman and managing director G Krishnakumar has told Moneycontrol. “There was a force majeure in Mozambique. We are hopeful that it will resume but the operator is […]
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ONGC is accelerating expansion with billion-dollar deals to secure India’s energy future
Posted on February 17, 2025 by Diligentia News in OilGas.Oil & Natural Gas Corporation Ltd (ONGC), which contributes around 70% of India’s crude oil and approximately 84% of its natural gas production, is on an aggressive expansion drive to reinvent itself and remain a key contributor to India’s energy security. Last week, ONGC entered into a series of major deals in this direction. On […]
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More than happy to buy more US gas; can buy Russian oil via clean channel’: IOC Chairman Arvinder Singh Sahney
Posted on February 17, 2025 by Diligentia News in OilGas.India’s largest refiner and fuel retailer Indian Oil Corporation (IOC) is optimistic about the prospects of higher energy imports from the US, particularly natural gas imports amid rising gas consumption in the country. And while IOC is also keen to step up purchases of American crude, volume growth shall be contingent upon how competitively it […]
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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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