Category Archives: OilGas
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GAIL says Urja Ganga gas pipeline completion delayed to March 2025
Posted on July 1, 2024 by Diligentia News in OilGas.The construction of the Rs 12,940-crore ‘Urja Ganga’ gas pipeline, India’s most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned GAIL (India) Ltd said. The 3,306-kilometre Jagdishpur-Haldia-Bokaro-Dhamra pipeline was originally targeted for completion by June 2024. But […]
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Cedigaz: global LNG imports increased 1.7 percent in January-May
Posted on June 11, 2024 by Diligentia News in OilGas.Global LNG imports rose by 1.7 percent to 169.3 million tonnes in January-May 2024, up from 168 million tonnes during the same period in 2023, according to preliminary data released by Cedigaz. Confirming the trend seen this year, the growth was driven by Asian gas demand, with LNG imports increasing by 10.37 million tonnes year-on […]
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These Are the World’s Biggest Oil Reserves
Posted on June 11, 2024 by Diligentia News in OilGas.Russia has reportedly discovered colossal oil reserves in the British territory of Antarctica. According to documents presented to the UK House of Commons Environmental Audit Committee in early May, the discovery was made by Russian research vessels in the Weddell Sea, part of the Antarctic territory claimed by the UK. The reserves discovered are estimated […]
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Afghanistan’s Taliban Reports $80 Million In Crude Oil Sales In 10 Days
Posted on June 11, 2024 by Diligentia News in OilGas.Afghanistan has sold 150,000 tons (1.1 million barrels) of crude oil from the Amu Darya basin for more than $80 million over the past 10 days, with Beijing’s investment in the country beginning to bear fruit. On Sunday, Humayun Afghan, the spokesperson for the Taliban’s Ministry of Mines and Petroleum, revealed that the group had […]
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GAIL to set up India’s largest, 1,500-KTA Ethane Cracker project in MP
Posted on June 11, 2024 by Diligentia News in OilGas.GAIL (India) Limited has plans to set up India’s largest, 1,500-KTA Ethane Cracker Project at Ashta in Sehore district of Madhya Pradesh (MP), the company said on Monday. The product will entail an investment of around Rs 600 billion and will have a product slate of various ethylene derivatives. The public sector undertaking (PSU) will […]
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Gujarat Gas, GAIL, Petronet LNG shares: 3 cos to benefit if natural gas is included in GST
Posted on June 11, 2024 by Diligentia News in OilGas.Jefferies in its latest note said that the Modi government reviving talks to include natural gas under GST should aid companies such as Gujarat Gas Ltd, GAIL (India) Ltd and Petronet LNG Ltd, adding that three out of four key states that could hold sway are under the ruling NDA. Such an inclusion could lower […]
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Energy ministries: Delicate balance between energy security, rising demand
Posted on June 11, 2024 by Diligentia News in OilGas.In the last two terms of the Narendra Modi-led National Democratic Alliance (NDA) government, clean energy and energy transition became a crucial part of economic growth. With India now positioning itself as the voice of the Global South, the push towards green growth is expected to continue. However, rising energy demand could tilt India’s energy […]
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Growth in U.S. Oil and Gas Output Slows Down
Posted on June 10, 2024 by Diligentia News in OilGas.Oil and gas production in the United States hit record highs at the end of 2023 but has since trended lower, and the growth in output has slowed year-over-year. U.S. companies have slowed production growth rates as oil prices stabilized at lower levels last year compared to the 2022 highs, and U.S. natural gas prices […]
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Petrol touches ₹100/litre in some cities, here’s why it’s so costly
Posted on June 10, 2024 by Diligentia News in OilGas.Fuel prices are on the rise again. On Tuesday, petrol cost Rs89.29 a litre in Delhi, while diesel cost Rs79.70 a litre. In some parts of India, for example in Rajasthan and Madhya Pradesh, petrol even crossed the Rs100 mark for the first time. Part of the reason is recovering crude oil prices, even as […]
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India’s end-use energy consumption to grow by 90% by 2050: Rosneft CEO
Posted on June 10, 2024 by Diligentia News in OilGas.Oil giant, Rosneft’s CEO, Igor Sechin, stressed that Asian countries, Russia’s trading partners, will account for the highest growth in oil demand with India, accounting for the highest growth rate, by the middle of the century. In his keynote speech at the 27th St Petersburg International Economic Forum (SPIEF), Sechin emphasised that over the next […]
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