Category Archives: OilGas
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PNGRB urges GAIL to phase out gas turbines, adopt electric motors
Posted on November 6, 2025 by Diligentia News in OilGas.India’s gas regulator has asked Gail — the country’s largest gas distributor — to phase out gas turbines used in pipeline compressors and switch to electric motors to bring down costs. Gas pipelines in India currently use gas-fuelled turbines in compressors. Chairperson of Petroleum and Natural Gas Regulatory Body (PNGRB) Anil Jain told Business Standard […]
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Chinese Oil Buyers Reduce Russian Purchases
Posted on November 3, 2025 by Diligentia News in OilGas.Chinese refiners are canceling Russian oil cargos and adopting a wait-and-see attitude after the latest U.S. sanctions on Russia’s oil industry. Bloomberg reports, citing traders, that state-owned majors including Sinopec and PetroChina had canceled previously ordered Russian oil cargos, while the so-called teapots, or independent refiners, had stopped buying Russian crude to avoid getting penalized […]
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Indian Refining Giant Switches From Russian to Emirati Crude
Posted on November 3, 2025 by Diligentia News in OilGas.Bharat Petroleum, one of the largest refiners in India, has bought a cargo of Emirati Upper Zakum crude, as it seeks alternatives to Russian oil, Reuters has reported, citing unnamed sources. The cargo is 2 million barrels, to be delivered next month. Bharat Petroleum bought it on the spot market, where it previously mostly bought […]
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Energy Transition Stalls 10 Years After Paris Agreement
Posted on November 3, 2025 by Diligentia News in OilGas.Ten years after the landmark Paris Agreement to pursue net-zero emissions by 2050, the world faces a slowing transition to clean energy despite record-breaking renewable capacity installations. Much has changed in the energy systems in the decade since the Paris Agreement was signed in 2015. These systems faced a global pandemic, the first war in […]
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Morgan Stanley First to Revise Oil Price Forecast After OPEC+ Update
Posted on November 3, 2025 by Diligentia News in OilGas.Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of next year. This was the first oil price forecast revision after the Sunday meeting of the oil-producing group, which also produced one last output hike […]
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Indian Refiners Pivot Away From Russian Oil
Posted on November 3, 2025 by Diligentia News in OilGas.Oil prices were little changed in the current week, with bearish sentiment still ruling the markets after the U.S. agreed to a one-year truce to its trade war with China, despite reports that Indian refiners are ditching Russian oil following fresh U.S. sanctions. Brent crude for December delivery traded at $65.07/bbl at 2.22 pm ET […]
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The Hydrogen Horizon: How India is Shaping the Clean Energy Future
Posted on November 3, 2025 by Diligentia News in OilGas.The global race to cut emissions from hard-to-abate sectors such as steel, fertilisers, shipping, aviation, and long-haul transport is underway, with green hydrogen emerging as the decisive fuel. While Europe, Japan, Korea, and the Middle East are investing billions into renewable hydrogen, India has the right mix of resources, policy, and demand to emerge as […]
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GAIL Forecasts ₹40-50 billion PBT in Gas Marketing, Revises FY26 Transmission Volume Target
Posted on November 3, 2025 by Diligentia News in OilGas.Gail (India) Limited, the country’s largest gas transmission and marketing company, has provided insights into its future financial performance and operational outlook. The state-owned entity has projected a significant profit before tax (PBT) in its gas marketing segment while adjusting its transmission volume expectations for the fiscal year 2026. Profit Projections and Volume Guidance GAIL’s […]
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QatarEnergy signs 17-year LNG supply agreement with India’s GSPC
Posted on October 30, 2025 by Diligentia News in OilGas.Qatar Energy has signed a 17-year agreement with Gujarat State Petroleum Corporation (GSPC) to supply up to one million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) to India, the company announced on Wednesday, October 29. The contracted LNG volumes will be delivered ex-ship, directly to Indian terminals from 2026. Saad Sherida Al-Kaabi, Qatar’s […]
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India’s first ship-to-ship LNG bunkering facility to come up at Vizhinjam
Posted on October 30, 2025 by Diligentia News in OilGas.The first ship-to-ship Liquefied Natural Gas (LNG) bunkering facility in the country will be set up at Vizhinjam International Seaport in Kerala. Adani Ports and Special Economic Zone Ltd (APSEZ) and the Bharat Petroleum Corporation Limited (BPCL) have entered a strategic partnership to establish the first ship-to-ship LNG bunkering facility at Vizhinjam. The Memorandum of […]
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