Category Archives: OilGas
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India Accelerates Green Hydrogen Initiative
Posted on June 10, 2024 by Diligentia News in OilGas.India took a crucial step towards the demand creation of green hydrogen and its derivatives in the country on Saturday. The Solar Energy Corporation of India (SECI) issued a Request for Selection (RfS) to select green ammonia producers for manufacturing green ammonia in India through cost-based competitive bidding, according to the Ministry of New and […]
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TotalEnergies inks two Asian LNG supply deals
Posted on June 6, 2024 by Diligentia News in OilGas.French energy giant TotalEnergies has entered into deals to supply liquefied natural gas (LNG) to Indian Oil and Korea South-East Power. TotalEnergies said on Tuesday these contracts allow the firm to secure medium-term outlets for its global LNG supply portfolio, and they also strengthen the company’s footprint in Asian markets. The Paris-based firm signed a […]
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Qatar’s Huge New Long-Term LNG Contracts Are Crucial for Both China and the West
Posted on June 5, 2024 by Diligentia News in OilGas.Although the U.S. and China are indirectly involved in the ongoing Russia-Ukraine and Israel-Hamas wars, the conflict between the world’s two leading Western and Eastern powers has not itself turned hot – yet. There are many senior officials on both sides who believe it is only a matter of time before it does, with the […]
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IOCL Chairman S.M. Vaidya Denied Further Extension
Posted on June 5, 2024 by Diligentia News in OilGas.The Ministry of Petroleum and Natural Gas, today, announced an advertisement for the position of Chairman at Indian Oil Corporation Limited (IOCL). This move is seen as a major setback the present Chairman, Shrikant Madhav Vaidya, who was granted one-year post-retirement last year. Vaidya is set to retire on August 31, 2024. Sources told www.indianpsu.com […]
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TotalEnergies signs LNG agreements with Indian Oil Corp, Korea South-East Power
Posted on June 5, 2024 by Diligentia News in OilGas.French energy major TotalEnergies announced on Tuesday agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period. It signed a sales and purchase agreement with Indian Oil Corporation to deliver up to 800,000 metric tons per year of LNG to India […]
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Cairn Oil & Gas Set to Become Net Zero Carbon by 2030
Posted on June 5, 2024 by Diligentia News in OilGas.Cairn Oil & Gas, part of Vedanta Group and India’s private oil and gas exploration and production company, is set to become Net Zero Carbon by 2030, by pioneering Environmental, Social, and Corporate Governance (ESG) leadership across the E&P value chain. As part of a multi-pronged strategy, Cairn’s focused ESG roadmap covers carbon emission reduction, […]
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PNGRB retracts announcements designating 54 city gas networks as common carriers
Posted on June 5, 2024 by Diligentia News in OilGas.PNGRB revised its April guideline that had formed the basis for notices to 54 city gas licensees in 2021 with a new one, repealing the prior one that had stated networks to be common carriers. The agency stated that it made the decision to remove all of those notices because the previous guideline was revoked. […]
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Oil marketing companies reduce price of commercial LPG cylinder and jet fuel
Posted on June 3, 2024 by Diligentia News in OilGas.The oil marketing companies (OMCs) announced on Saturday that they would reduce the price of jet fuel and commercial LPG used by hotels and restaurants in the country. As per the price notifications, a 19-kg commercial LPG used by hotels and restaurants was cut by 69 to Rs 1,676 in Delhi, while ATF (Aviation Turbine […]
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Extreme Weather and Red Sea Crisis Trigger Commodities Rally
Posted on June 3, 2024 by Diligentia News in OilGas.After three years of extreme volatility, many experts predicted that commodities prices would broadly stabilize in 2024. However, adverse weather conditions, escalating geopolitical tensions and soaring shipping costs are turning those predictions on their heads. According to data gathered by the the United States’ National Oceanic and Atmospheric Association (NOAA), the European Union’s Copernicus Climate […]
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Global LNG supply to increase by 80% by 2030: Goldman Sachs
Posted on June 3, 2024 by Diligentia News in OilGas.The global liquefied natural gas supply is set to surge by 80 percent by 2030, driven by new projects in Qatar and North America, a new analysis showed. In its latest report, Goldman Sachs said that this robust rise in supply would bring an end to the current energy crisis following Russia’s invasion of Ukraine. […]
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