Category Archives: OilGas
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Declining shipments of petroleum products hurting India’s overall export figures
Posted on September 19, 2024 by Diligentia News in OilGas.A substantial decline in shipments of petroleum products is one of the key reasons behind the moderating exports globally, including in India which exports refined products to various countries. Commerce Secretary Sunil Barthwal agreed that export was a “huge challenge”. “Look at global trade data, there has been a decline of imports by many countries, […]
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Russian insurance shores up oil exports to top buyer India
Posted on September 18, 2024 by Diligentia News in OilGas.Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for 60% of Moscow’s oil cargoes to India in July, up from 40% in December last […]
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Italy Shuts the Door on New Oil Exploration
Posted on September 18, 2024 by Diligentia News in OilGas.Itay will no longer grant concessions for oil and condensate exploration and production, a draft of a new government decree shows. The decree, seen by Reuters, specifies that the oil exploration and production ban will only apply to new concessions—not existing ones that have already secured government approval. The ban is part of Italy’s green […]
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India Set to Account for 35% of Global Energy Demand Growth in Coming Decades
Posted on September 18, 2024 by Diligentia News in OilGas.India will drive up to 35% of global energy demand growth over the next 20 years, petroleum minister Hardeep Puri said at the Gastech conference that started on Tuesday in Houston. “If you say that global demand is increasing by one percent, ours is increasing by three times that,” Puri said. “In the next two […]
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India Will Continue to Buy Cheap Russian Crude Oil
Posted on September 18, 2024 by Diligentia News in OilGas.India will not change its energy policy to buy oil and gas at the lowest possible price and will continue to purchase cheaper Russian crude supply, Indian Oil Minister Hardeep Singh Puri told Reuters at the Gastech conference in Houston. “If an entity is not under sanctions, there is no question I will buy from […]
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Natural Gas Executives Clash With U.S. Officials Over Biden’s Energy Policies
Posted on September 18, 2024 by Diligentia News in OilGas.The Biden Administration is undermining U.S. energy security and global climate efforts by seeking to halt LNG export permitting and lacking a cohesive policy to help allies in need of American energy, executives at some of the biggest U.S. oil and gas companies said at the Gastech conference in Houston. The U.S. Administration paused new […]
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Asian Markets Are Backbone of Success for Canada’s New Oil Pipeline
Posted on September 18, 2024 by Diligentia News in OilGas.Fresh data coming in has revealed that Canada’s newly expanded Trans Mountain pipeline (aka TMX) is indeed delivering on its promise to diversify the country’s crude oil markets. According to data from Vortexa via Bloomberg, Canadian oil producers have shipped about 28 million more barrels of crude off the country’s west coast since the expanded […]
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India, US Push Sustainable Aviation Fuel, Hydrogen in Buses
Posted on September 18, 2024 by Diligentia News in OilGas.India and the US have agreed to give impetus to sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles and use of hydrogen in buses, tractors and heavy equipment, said a joint statement issued after the Strategic Clean Energy Partnership dialogue between the two nations. The two nations “welcomed increased investment in each country’s […]
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NTPC and PetronetLNG plan to cooperate
Posted on September 18, 2024 by Diligentia News in OilGas.Indian power company NTPC has signed a memorandum of understanding (MoU) with Petronet LNG, India’s biggest LNG importer, to explore new business opportunities, including the supply of LNG or regasified LNG to its Kayamkulam plant in Kerala, NTPC announced on September 13. The Rajiv Gandhi combined cycle power plant, also known as the Kayamkulam Power […]
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LNG Industry Faces Uncertain Future
Posted on September 17, 2024 by Diligentia News in OilGas.Liquefied natural gas has become a major growth driver for the energy industry. Burning much more cleanly than either coal or oil, gas has earned a place in the energy transition—but that place is far from secure. Despite continued strong demand for LNG—which saw Qatar order 12 new LNG carriers—the expected growth in that demand […]
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