India is on track to import nearly 1.8 million barrels per day (bpd) of crude oil from Russia in May, which would be a 10-month high, according to vessel-tracking data by Kpler. Indian refiners have increased buying activity for lighter Russian grades, such as ESPO, showed the Kpler data cited by Reuters. The strong Indian imports […]
Viridien has sold its Sercel Marlin™ Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India. The sale includes a five-year contract to provide ONGC with dedicated on-premises Sercel software and support services.
Chinese demand also registered a decline in terms of LNG from state-run companies, with Bloomberg reporting that China re-exported over 280,000 tons of LNG in April to date, clocking in as the highest single-month re-export volume on record. The re-export volume represents nearly 8% of total imports for April.
Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, has entered into a strategic alliance with TechnipFMC to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India.
The $1.3 billion project will likely replace hundreds of trucks that travel across the length and breadth of the country to move the fuel from refineries to bottling plants, raising the risk of accidents. A tanker overturned in Coimbatore last month, bringing the southern city to a partial halt. In December, 20 people were killed, 45 injured and three dozen vehicles damaged after a truck hit Indian Oil’s vehicle in the northwestern city of Jaipur.
A distinctive feature emerging in the U.S.’s energy policy in Donald Trump’s second presidential term is not just that it penalises Washington’s political, economic, and/or military adversaries but it also does so to the advantage of the country’s own energy sector and its broader geopolitical objectives. A subtle case in point is last week’s signing […]
The LNG will be sourced from TotalEnergie’s global portfolio and will be delivered to terminals on India’s west coast at an expected rate of six cargoes per year.
Commodity traders should start paying more attention to India, according to the country’s oil and gas minister, as the world’s most populous nation moves into a new phase of growth that will require increased raw material consumption.
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
The outgoing U.S. administration last Friday slapped the most severe sanctions on Russia’s oil yet, designating two major Russian oil companies, Gazprom Neft and Surgutneftegas, as well as 183 vessels, dozens of oil traders, oilfield service providers, insurance companies, and energy officials.