Category Archives: OilGas
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GAIL To Set Up 26 Bio CNG Plants In JV Partnership
Posted on May 24, 2024 by Diligentia News in OilGas.State-owned GAIL (India) Ltd. plans to set up around 26 Bio CNG plants over the next two to three years, both as producers as well as joint venture partners with raw material suppliers or biogas producers. The company has issued an Expression of Interest across India, for companies qualifying with certain parameters to form joint […]
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India’s use of crude tankers to export diesel slows in May
Posted on May 23, 2024 by Diligentia News in OilGas.Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said. That is because rising inventories in the Antwerp-Rotterdam-Amsterdam region and shaky east-west diesel price spreads undermine the case for sellers […]
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Auditors flag unpaid ‘use or pay’ charges of Rs 18.32 billion at Petronet LNG
Posted on May 23, 2024 by Diligentia News in OilGas.Auditors have flagged the unpaid ‘use or pay’ charges of Rs 18.32 billion at Petronet LNG, the country’s largest operator of natural gasimport terminals Customers must pay for the regasification capacity they book at Petronet’s import terminals even if they don’t use it. Some customers, however, have not done so in the last three financial […]
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Adani Total Gas Launches CBG Production
Posted on May 23, 2024 by Diligentia News in OilGas.Adani Total Gas has commenced production at its inaugural compressed bio-gas (CBG) plant, the Barsana Biogas Project, in Uttar Pradesh. This marks a significant milestone in the company’s renewable energy initiatives. Mathura district, the plant is designed to process up to 600 tonnes of agricultural waste per day across its three phases, producing over 42 […]
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Kochi Port Welcomes LNG Carrier
Posted on May 23, 2024 by Diligentia News in OilGas.Kochi Port marked a significant milestone in its green initiatives with the docking of the LNG-powered container carrier, MSC ROSE. This 365-meter-long vessel, capable of carrying 15,500 TEUs, is the first LNG-powered ship to berth at the Vallarpadom Container Terminal. LNG, or Liquefied Natural Gas, offers a more environmentally friendly alternative to traditional diesel fuel, […]
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Gail may line up Rs 500 billion capex in big petrochemical bet
Posted on May 23, 2024 by Diligentia News in OilGas.Gail (India) plans to invest up to ₹500 billion to build a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, three officials aware of the development told ET. This is among the biggest proposed capital expenditures by the state-run gas utility. The new facility is expected to help Gail meet the […]
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Why Oil May Regain Upward Momentum
Posted on May 23, 2024 by Diligentia News in OilGas.Dynamics in the global oil markets have shown little change over the past couple of weeks with pessimism still high and hedge funds still leaning towards the short side of the market. Over the past week, Brent prices remained range-bound in the $83.45-83.60/bbl range with the prolonged sideways price movement pushing volatility lower. The realized […]
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Oil India signs agreement with NRL for transportation of additional petroleum productsthrough NSPL
Posted on May 23, 2024 by Diligentia News in OilGas.Oil India Limited (OIL), India’s oldest Oil & gas Company and Numaligarh Refinery Limited (NRL), OIL’s material subsidiary company on Wednesday signed a new long-term Definitive Agreement for the transportation of additional petroleum products through OIL’s Numaligarh-Siliguri Product Pipeline (NSPL) following the commissioning of Numaligarh Refinery Expansion Project. The Agreement will be effective from the […]
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New U.S. LNG Export Projects Risk Delays Due to Stricter Pollution Rules
Posted on May 20, 2024 by Diligentia News in OilGas.New U.S. LNG projects risk delays amid the Biden Administration’s push for lower emissions and the ongoing reviews about the environmental impact of the planned export facilities. After President Joe Biden halted new LNG project approvals in January for a review of the current permitting process, the U.S. Administration is looking to implement stricter rules […]
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Amlekhgunj-Lothar petroleum pipeline set for extension
Posted on May 20, 2024 by Diligentia News in OilGas.The work of extending the petroleum pipeline from Amlekhgunj in Bara to Lothar in Chitwan will start soon. According to Nepal Oil Corporation, after the completion of the Motihari-Amlekhgunj pipeline, it will be extended to Lothar. Binitmani Upadhyay, head of Amlekhgunj, Madhesh regional office of the Corporation, said that a technical team is studying to […]
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