Category Archives: OilGas
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GAIL, BPCL to set up plants to produce compressed biogas in Chhattisgarh
Posted on January 22, 2025 by Diligentia News in OilGas.The Chhattisgarh Biofuel Development Authority (CBDA) has inked an agreement with GAIL (India) and Bharat Petroleum Corporation (BPCL) for producing compressed biogas (CBG) from urban solid waste of six municipal corporations across the state. tripartite agreement was signed by the CBDA, GAIL, and BPCL for setting up CBG plants in municipal corporations of Ambikapur, Raigarh, […]
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India likely to boost purchases of US oil, gas following Trump’s announcement
Posted on January 21, 2025 by Diligentia News in OilGas.India may purchase more American energy as US President Donald Trump’s pro-oil and gas policies will increase US supplies to the global market, weighing on prices, Oil Minister Hardeep Singh Puri said on Tuesday. “If you were to ask me whether more American energy is going to come on to the market, my answer is […]
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Indian students flock to petroleum and mining programs amid Trump’s second term buzz
Posted on January 20, 2025 by Diligentia News in OilGas.As Donald Trump prepares for his second inauguration, a curious trend is emerging among Indian students aspiring to study abroad: a renewed focus on courses in extractive industries such as petroleum, mining and agriculture-related fields. Study abroad consultants report a surge in applications to programmes tied to sectors Trump has historically championed, likely due to […]
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India Seeks Alternatives To Russian Oil
Posted on January 20, 2025 by Diligentia News in OilGas.Following Russia’s invasion of Ukraine in 2022, India emerged as a major buyer of Russian oil that was widely and rapidly sanctioned by the West. However, all that may be about to change, courtesy of a fresh wave of U.S. sanctions on Russia and India’s own scramble to find alternatives. Such a shift is unlikely […]
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OPEC’s share in India’s annual oil imports rises after 8-yr drop
Posted on January 17, 2025 by Diligentia News in OilGas.OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. Russia’s share in the world’s third-biggest oil importer and consumer is expected to drop in 2025 after Washington last Friday announced sweeping sanctions […]
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2025 is a Highly Unpredictable Year For OPEC+
Posted on January 17, 2025 by Diligentia News in OilGas.Another year, another set of challenges and dilemmas for OPEC+. The group is set to start unwinding its oil production cuts, but it will have to contend – once again – with many uncertainties and be ready to react to unpredictable events in 2025. From demand concerns to supply uncertainties, OPEC+ has its work cut […]
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US sanction clarifications tighten squeeze on India’s February oil supplies
Posted on January 17, 2025 by Diligentia News in OilGas.Indian refiners have less time than they expected earlier to receive sanctioned tankers, prompting inquiries for purchase of spot supplies from West Asian producers for February deliveries. Refiners led by Reliance Industries and Indian Oil have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and important insurers, […]
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Indian Oil Corp seeks sour oil from spot market, trade sources say
Posted on January 17, 2025 by Diligentia News in OilGas.Indian Oil Corp(IOC), the country’s top refiner by capacity, is seeking to buy high-sulphur oil through spot tenders, its first sour crude import tenders since March 2022, trade sources said on Thursday. The company has also launched a separate tender seeking sweet crude, the sources said. IOC is seeking cargoes loading March 1-15. The tenders […]
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India overhauls E&P regulations in a bid to raise domestic hydrocarbon production
Posted on January 17, 2025 by Diligentia News in OilGas.How legislative reforms and ambitious exploration plans are transforming India into a global energy investment hotspot—and why international investors are taking notice. Global investors take notice when a nation importing more than 85% of its crude oil decides to revolutionise its energy exploration framework. India’s recent parliamentary approval of amendments to the Oilfields (Regulation and […]
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U.S. Sanctions on China’s Oil Firms Are Just the Beginning Under Trump
Posted on January 15, 2025 by Diligentia News in OilGas.Among the swathe of Chinese entities last week placed by the U.S. Department of Defense (DOD) on a blacklist of firms believed to be supporting Beijing’s military were several from its energy sector. Most notable of all, perhaps, were the China National Offshore Oil Corporation’s (CNOOC) international oil trading arm and the COSCO Shipping Corporation. […]
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