Category Archives: OilGas
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Putin Halts Arctic Gas Production as Sanctions Take Effect
Posted on December 16, 2024 by Diligentia News in OilGas.Russia has been compelled to halt operations at a section of the world’s largest liquefied natural gas (LNG) facility near the Arctic city of Murmansk due to diminished demand caused by Western sanctions. The Belokamenka yard, which was completed last year and was planned to employ 15,000 workers, is now abandoned, as most contractors have […]
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Do you have a better deal?: India’s Jaishankar responds on getting ‘cheap oil’ from Russia
Posted on December 11, 2024 by Diligentia News in OilGas.Indian Foreign Minister S Jaishankar gave a stern reply on Saturday (Dec. 9) to the criticism of New Delhi buying oil from Russia amid the country’s ongoing war with Ukraine. Foreign Minister Jaishankar was taking part in the 22nd edition of the Doha Forum panel on “Conflict Resolution in a New Era” in Doha. “Pleased […]
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Surprise Crude Oil Build Pressures Prices
Posted on December 11, 2024 by Diligentia News in OilGas.Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels. For the week prior, the API reported a 1.232-million barrel build in crude inventories. So far this year, crude oil inventories have fallen […]
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LNG Developers Caught in a Regulatory Waiting Game
Posted on December 11, 2024 by Diligentia News in OilGas.If you think LNG is America’s energy darling, think again. Two major Gulf Coast projects—Venture Global’s CP2 and Commonwealth LNG—are stuck in limbo as the U.S. Department of Energy (DOE) says its hands are tied until the Federal Energy Regulatory Commission (FERC) finishes environmental reviews. This isn’t just bureaucratic red tape; it’s a tug-of-war between […]
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National Gasoline Prices Fall Below $3 Per Gallon
Posted on December 10, 2024 by Diligentia News in OilGas.The U.S. national average price of gasoline has fallen below $3 per gallon for the first time in more than three and a half years. According to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country, the average national gasoline price was $2.97 per gallon […]
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India Will Dominate Oil, Gas Transmission Pipeline Length Additions in Asia
Posted on December 10, 2024 by Diligentia News in OilGas.In a release sent to Rigzone recently by the GlobalData team, the company said India will dominate oil and gas transmission pipeline length additions in Asia by 2028. “India is expected to be at the forefront in terms of the trunk/transmission oil and gas pipeline network additions in Asia, accounting for more than 40 percent […]
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PNGRB pushes for natural gas as a cleaner, greener energy solution for India
Posted on December 10, 2024 by Diligentia News in OilGas.As the world’s fastest-growing emerging economy aims to transform into a manufacturing behemoth while adopting clean energy sources, natural gas plays a critical role as the best transition fuel, asserts the Petroleum and Natural Gas Regulatory Board (PNGRB). “India’s approach is aligned with global efforts to combat climate change through cleaner energy transitions. Various studies […]
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Saudi Arabia Cuts Oil Prices
Posted on December 10, 2024 by Diligentia News in OilGas.Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the market remains weak. State oil producer Saudi Aramco will sell its main Arab Light crude grade at a premium of 90 cents a barrel to the regional benchmark […]
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GAIL plans 47 km pilot project for natural gas transmission
Posted on December 9, 2024 by Diligentia News in OilGas.Gas Authority of India Ltd (GAIL), a state-run natural gas transmission company, has decided to launch a pilot project covering 47 km in Siliguri. Today, GAIL officials met mayor Goutam Deb and other representatives, including the commissioner of the Siliguri Municipal Corporation, to seek permission for laying micro-pipelines for the distribution of natural gas for […]
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The Future of U.S. LNG: Growth, Delays, and Uncertainty
Posted on December 9, 2024 by Diligentia News in OilGas.The U.S. is currently the world’s largest LNG exporter, but future growth is threatened by legal challenges, project delays, and a pause on new export permits. The outcome of the 2024 U.S. presidential election could significantly impact the future of U.S. LNG policy and export potential. Industry leaders are calling for an end to the […]
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