WorldOil India taking up the slack as China cancels oil deliveries Distressed oil supplies are being offered to India as the spread of the coronavirus crimps fuel consumption across China, prompting requests for cargo deferrals and cancellations by Asia’s no. 1 importer. Total commits $600 million to expand LNG presence in India Total SA is spending $600 million to expand its presence in one of the world’s fastest growing natural gas markets. India’s Petronet makes $7.5 billion investment to ship U.S. shale gas abroad Petronet will spend $2.5 billion for an 18% equity stake in Tellurian's $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate the purchase of 5 MM tons of gas per annum. Houston prepares to say ‘Howdy Modi’ as gas producers eye deals Indian Prime Minister Narendra Modi’s imminent visit to the U.S. energy capital is fueling speculation the second most-populous nation will further tap America’s shale gas bonanza. Oil shock unites China with Asia rivals worried about supply Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies – China, Japan, India and South Korea – leading the pack, according to consultancy Wood Mackenzie. That leaves them particularly vulnerable to rising geopolitical tensions in the Middle East that are now causing global crude prices to soar. India eyes U.S. oil that China’s offering amid new tariffs An Indian state-owned refiner is mulling the purchase of American oil from Chinese sellers offering cargoes that would be hit by new tariffs on U.S. supplies. Saudis defending coveted India oil market with Reliance deal Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads. Aramco taking $75-billion stake in Reliance Industries’ oil, chemicals unit The world’s biggest crude producer will soon own a part of the world’s biggest oil refinery. McDermott awarded fluid catalytic cracking unit contract in India McDermott International has been awarded a technology contract by Indian Oil Corporation Limited (IOCL) for the technology license, basic engineering, proprietary equipment, training and technical services for a grassroots Fluid Catalytic Cracking (FCC) unit in Panipat, Haryana, India. McDermott completes first of two offshore campaigns for Reliance KG-D6 R cluster project McDermott International, Inc., has announced it has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari basin, located off the East Coast of India.