Category Archives: OilGas
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U.S. Natural Gas Consumption Soars
Posted on October 8, 2024 by Diligentia News in OilGas.Natural gas-fired power generation in the United States has soared to a record high so far this year, driving up global gas demand. U.S. power producers generated a total of 55.6 million megawatt hours (MWh) from gas-fired power plants between January and September, according to data from LSEG quoted by Reuters’s columnist Gavin Maguire. This […]
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GAIL India issues LNG tender for November delivery, sources say
Posted on October 8, 2024 by Diligentia News in OilGas.GAIL (India) GAIL.NS, the country’s biggest natural gas distributor, issued a tender seeking a cargo of liquefied natural gas for delivery in November, two industry sources said on Monday. It is seeking the cargo on a delivered-ex-ship (DES) basis for Nov. 6-15 delivery to the Dahej terminal. The tender closes on Oct. 7. Share This
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GAIL partners with AM Green for sustainable energy solutions
Posted on October 8, 2024 by Diligentia News in OilGas.GAIL (INDIA) informed that it has signed memorandum of understanding (MoU) with AM Green B.V. (AMG) to explore projects aimed at advancing sustainable energy solutions in India. The partnership will focus on the loterm supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy projects across India. According to the […]
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India does not see any shortage of crude oil supplies: Hardeep Singh Puri
Posted on October 8, 2024 by Diligentia News in OilGas.Despite last week’s crude oil price spiral, the situation seems to be stabilising with analysts expecting the market to cool off in the coming days. Tensions between Israel and Iran led to a 13 per cent spurt in Brent crude prices in the past seven days, with the benchmark crude hitting $79.4 per barrel on […]
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Middle East Unrest To Fuel Oil Inflation
Posted on October 8, 2024 by Diligentia News in OilGas.The fight against Hamas by Israel has been intensified recently with recent move by it in target killing and ground advance in Lebanon and Iran joining the fight against the Jewish state by missile attacks. The current situation is tense and it may lead to full-fledged war in Middle East, which may lead to global […]
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GAIL India issues LNG tender for November delivery, sources say
Posted on October 8, 2024 by Diligentia News in OilGas.GAIL (India) GAIL.NS, the country’s biggest natural gas distributor, issued a tender seeking a cargo of liquefied natural gas for delivery in November, two industry sources said on Monday. It is seeking the cargo on a delivered-ex-ship (DES) basis for Nov. 6-15 delivery to the Dahej terminal. The tender closes on Oct. 7. Share This
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India’s Coal Output Surged in H1
Posted on October 3, 2024 by Diligentia News in OilGas.India’s coal production from captive and commercial mines surged by 32% over the first half of this financial year, the country’s coal ministry said, with the total reaching 79.7 million tons. Captive and commercial coal production in September alone also rose by 32%, the ministry reported, from 10.4 million tons in September 2023, to 13.74 […]
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Oil Price Rally Continues Despite U.S. Inventory Build
Posted on October 3, 2024 by Diligentia News in OilGas.Crude oil prices were on the climb again today, fueled by expectations of Israel’s retaliation against Iran after the latter showered it with missiles earlier in the week, sparking fears of a broader war in the Middle East. The biggest worry is, of course, Israel targeting Iranian oil infrastructure, which analysts expect it to do. […]
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IEA: Global Natural Gas Demand Set for New Record Highs
Posted on October 3, 2024 by Diligentia News in OilGas.Amid a normalization of natural gas prices, global gas demand is picking up this year at a stronger pace than in the past two years and is set for a record high in 2024 and 2025, the International Energy Agency (IEA) said in a new report on Thursday. After the supply and price shock of […]
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Exclusivity with Reliance has ended but BP to continue with Ambani firm: India head
Posted on October 3, 2024 by Diligentia News in OilGas.Global supermajor British Petroleum (BP) Plc’s exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP’s outgoing India head Sashi Mukundan said. BP in 2011 spent $7.2 billion […]
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