Category Archives: OilGas
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Qatar continues to drive Middle East’s international LNG trade flow: IGU
Posted on July 8, 2024 by Diligentia News in OilGas.Qatar continues to drive the Middle East’s international LNG trade flow, Asia in particular, according to the International Gas Union. In its latest report, IGU noted that the LNG trade flow between the Middle East and Asia accounted for 43.29mn tonnes in 2023, driven by Qatar LNG supplies to China, India and Pakistan. In 2023, […]
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Aramco, ADNOC reportedly weighing bids for Australia’s Santos, but analysts sceptical
Posted on July 5, 2024 by Diligentia News in OilGas.Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg News reported, sending shares of the Australian gas producer up 6.5% on Thursday. Both Saudi Aramco and ADNOC have been conducting preliminary evaluations of Santos as a possible acquisition target, the report said, citing sources who declined to […]
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Why U.S. Oil and Gas Production Is Slowing Down
Posted on July 5, 2024 by Diligentia News in OilGas.Slowing drilling activity in the U.S. shale patch is capping oil production growth while natural gas output is down from year-ago levels amid above-average inventories and unsustainably low prices earlier this year. Oil and gas prices have dropped since the highs from the summer of 2022 when they spiked following the Russian invasion of Ukraine. […]
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Blue Energy Motors Spearheading India’s LNG Revolution in Long-Haul Trucking
Posted on July 5, 2024 by Diligentia News in OilGas.India’s ambitious environmental goals have ignited a vital discussion: is Liquified Natural Gas (LNG) the pivotal transition fuel? In an exclusive interaction with Anirudh Bhuwalka, CEO of Blue Energy Motors, Rajesh Rajgor explores the company’s pioneering efforts in bringing LNG trucks to India. Bhuwalka emphasizes collaborations with industry giants like the IVECO Group and stresses […]
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Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEO
Posted on July 5, 2024 by Diligentia News in OilGas.India needs an independent system operator to ensure fair access to full capacity of natural gas pipelines for all market players, says Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta. In an interview with Sanjeev Choudhary, Mediratta called for splitting of gas companies engaged in both marketing and transportation to end the advantage bundled entities […]
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India’s LNG imports set to slump as monsoon hits power demand
Posted on July 5, 2024 by Diligentia News in OilGas.India’s booming liquefied natural gas imports are likely to slow as cooler weather due to monsoon rains crimps electricity demand and increases in hydropower crowd out expensive gas-fired generators. “Electricity demand won’t be as high as it was in May and June, which is the prime driver of higher LNG imports,” said Ayush Agarwal, LNG […]
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Asia’s first half crude oil imports decline, undermines bullish forecasts
Posted on July 2, 2024 by Diligentia News in OilGas.Asia’s imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the top-consuming continent would lead global demand growth. Asia imported 27.16 million barrels per day (bpd) of crude in the January to June period, down a modest 130,000 bpd from the 27.29 million […]
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Canada, The Unexpected Winner in the Global Oil Boom
Posted on July 1, 2024 by Diligentia News in OilGas.Canada’s oil output is booming as producers ramp up projects and extraction amid expanded market access and narrowing discounts of the Canadian heavy crude to the U.S. benchmark. The Trans Mountain Expansion Project, now finally completed and operational after years of delays, is changing the fortunes of the oil sands producers in Alberta, giving them […]
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Aramco signs over $25 bn of deals for main gas network, Jafurah gas field
Posted on July 1, 2024 by Diligentia News in OilGas.Saudi Arabia’s state oil company Aramco has signed contracts worth more than $25 billion for the second phase of the expansion of its Jafurah gas field and the third phase of expanding its main gas network, its CEO Amin Nasser said on Sunday. Saudi Arabia is working on developing its unconventional gas reserves, which require […]
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World Bank approves US$ $1.5 billion loan to support India’s hydrogen initiatives
Posted on July 1, 2024 by Diligentia News in OilGas.The World Bank’s Board of Executive Directors approved $1.5 billion in financing for a second operation to help India accelerate the development of low-carbon energy. The operation will seek to promote the development of a vibrant market for green hydrogen, continue to scale up renewable energy, and stimulate finance for low-carbon energy investments. India is […]
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