Tagged India

Petronet LNG buys spot cargo for November delivery

Rate this article By Bojan Lepic India’s largest importer of liquefied natural gas Petronet LNG has bought an LNG spot cargo for November under the Platts West India Marker (WIM). S&P Global Platts, the provider of information and benchmark prices for the commodities and energy markets, said on Tuesday that the LNG cargo would be…

Bumi Armada JV clinches 10-year FPSO gig in India

Rate this article By Nermina Kulovic Malaysian FPSO operator Bumi Armada has been awarded a contract for the provision of FPSO Armada Sterling to India’s ONGC. The post Bumi Armada JV clinches 10-year FPSO gig in India appeared first… … Read Full Article Here For more great articles: Offshore Energy Today

India’s August LNG imports rise

Rate this article By Adnan Bajic India has upped the liquefied natural gas (LNG) imports during the month of August. Courtesy of Petronet LNG The oil ministry’s Petroleum Planning and Analysis Cell notes that LNG imports reached 2.97 billion cubic meters in August. This is an increase over the 2.82 billion cubic meters of LNG…

Fugro wins another ONGC survey gig off India

Rate this article By Adis Ajdin Fugro has secured a fourth consecutive contract from Oil and Natural Gas Corporation (ONGC) […] The post Fugro wins another ONGC survey gig off India appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

GAIL floats tender for Cove Point LNG cargoes

Rate this article By Adnan Bajic State-owned gas utility GAIL India is reportedly looking to offload three of its US-sourced LNG cargoes. Cove Point LNG (Courtesy of Dominion Energy) Citing industry sources, Reuters reports that GAIL has floated a tender for at least three cargoes. The volumes will be loaded over a May to July,…

India’s July LNG imports edge up

Rate this article By Adnan Bajic India’s liquefied natural gas imports during the month of July edged up 6 per cent compared to the corresponding month in 2019. Kochi LNG storage tanks (Image courtesy of Petronet LNG) Imported volumes reached 2.96 billion cubic meters in July 2020, which compares to 2.79 billion cubic meters imported…

Petronet LNG profit down on lower volumes

Rate this article By Mirza Duran India’s biggest LNG importer Petronet reported a drop in net profit due to lower demand in the country caused by the Covid-19 lockdown. Image: Petronet LNG Net profit after tax stood at 5.2 billion rupees ($69.5 million) in the first quarter of the 2020-21 fiscal, compared to 5.6 billion…

Petronet LNG delayed delivery of 9 cargoes during lockdown

Rate this article By Mirza Duran India’s Petronet LNG said Tuesday it invoked a force majeure for nine long-term cargoes with its suppliers due to lower demand in the country caused by the Covid-19 lockdown. Image: Petronet LNG The country’s largest LNG importer has a deal to buy 7 mtpa from Qatargas and 1.44 mtpa…

Sparrows wins three-year contract renewal in India

Rate this article By Nermina Kulovic Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources in India. The post Sparrows wins three-year contract renewal in India appeared first on… … Read Full Article Here For more great articles: Offshore Energy Today

Tellurian sells LNG cargo, plans to shrink Driftwood costs

Rate this article By Mirza Duran US LNG export player Tellurian is considering changes to its $28.9 billion Driftwood project and has in the meantime sold a cargo of chilled fuel to an undisclosed buyer. Image: Tellurian The company has been hitting the media headlines this week as it reportedly renewed talks with India’s Petronet…