Policy
Crude Oil Prices Sliding Down, Possible Target $ 70/bbl?
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Prospects For Iranian Crude Oil Supplies To India Look Bright
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China Reaps Energy Windfall As West Shuns Direct Supplies From Russia
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Sudden Revival Of Mega Refinery Project Unlikely Despite Minister’s Claim
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India’s Oil Consumption Is Back To Pre-Covid Days
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Regulation
ONGC To Collaborate With Oil Majors To Intensify Exploration
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India’s EV Charging Sector Witnesses Exciting Developments
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Exploration For Shale Oil And Gas Remains Stalemated
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Oil India Enters State Of Odisha After Its Success In Rajasthan
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Alternative Energy / Fuel
HPCL’s Innovative Project To Convert Cow Dung To Biogas
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New Projects
Kribhco Plans To Set Up Three Ethanol Plants
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India-Bangladesh Oil Pipeline: Dev Work 90% Complete
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Market Watch
LPG Grows 84 Per Cent In The Decade
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Companies
Sun Petrochemicals Private Limited
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Hero Partners With HPCL To Bolster EV Charging Infrastructure
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Mahindra Group & Ontario Teachers Enter Into Strategic Pact
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Press Release [FREE Access]
Latest Exclusives
September 30, 2022: Public Sector Undertakings (PSUs ) dominate India’s petroleum sector. India’s fiscal year begins on April 1. Normally, capital expenditure picks up only during the second half of fiscal year. Going by the trend so far (April-August), almost all companies will be close to their expenditure target for the entire fiscal. Click column Special Database for details.

September 29, 2022: Already uploaded figures concerning total production, import and consumption of natural gas in August and April-August 2022. Now obtained data regarding sector-wise consumption of natural gas and break up of R-LNG and domestic production in the total consumption. Click column Gas Scene for details.

September 26, 2022 | Strategic Crude Reserves: Can India Dangle The Bait For Middle East Crude Producers? | The proposal to ramp up capacity in the strategic crude storage was floated long before the latest crisis erupted. Since this is going to be an expensive proposition, the expansion project is proposed to be created through public-private participation. It isn’t going to be easy to find private partners who will be ready to stump up the funds, which is why there is growing talk that the money may eventually have to come out of the government’s Oil Industry Development Fund. India’s security concerns stem mainly from the threat that Pakistan poses. The perceived view is that Pakistan cannot sustain a war for more than two weeks. Put that in perspective: India has an oil storage capacity that is sufficient to meet two months requirements. The leading Middle East oil producers such as Saudi Arabia, UAE and Kuwait have a strategic purpose to create crude storage facilities. One must consider if such reserves are safer within one's own borders or provide greater security, during prolonged wars or against acts of sabotage if located outside one's territorial jurisdiction. This is where India can meld compulsion and convenience to create mutually beneficial outcomes for India and its friends in the Middle East. Will India consider offering countries like Saudi Arabia and its neighbours the opportunity to invest in the strategic crude storage reserves located here? Click Free Access column Petro Intelligence for details.
Today's News [FREE Access]
Bonanza For Reliance, ONGC As Govt Hikes Natural Gas Price By 40%
October 1, 2022: This will be the third increase in rates since April 2019 and comes on the back of firming benchmark international prices. Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels,   more..


India-based firm sanctioned by US for dealing in Iranian petroleum products
October 1, 2022: A Mumbai-based petrochemical trading firm is among entities sanctioned by the US for being part of a global network of companies allegedly involved in selling Iranian petroleum products worth hundreds of millions of dollars to end users in South and East Asia. This is the first time that an   more..


India’s state-owned firms plan four coal-to-chemicals projects
October 1, 2022: Four state-owned firms in India plan to build coal-to-chemical projects as part of the government’s aim of utilizing 100m tonnes/year of coal for gasification by 2030. Coal India Ltd (CIL), along with Indian Oil Corp (IOC), Gas Authority of India Ltd (GAIL) and Bharat Heavy Electricals   more..


Gujarat: Gas leaks from ONGC well in Mehsana; people complain of irritation in eyes, throat
October 1, 2022: Gas leaked from a well of the Oil and Natural Gas Corporation (ONGC) near a village in Gujarat’s Mehsana district on Friday, an official said. While the gas is not inflammable or poisonous, people in nearby areas have complained of burning sensation in their eyes and throat, he said. The   more..


State-run oil cos lag in capital expenditure for 2022-23
October 1, 2022: In the entire 2021-22, PSU oil companies spent Rs 1.04 trillion, a little lower than Rs 1.06 trillion in FY21. In the first five months of the current fiscal, state-run oil companies have spent just one-third of their total Rs 1.11 trillion capital expenditure planned for 2022-23, government data showed.   more..


LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief
October 1, 2022: LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said on Thursday. "We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year," said Fatih Birol in   more..


Former CJIs Dipak Misra, TS Thakur appointed arbitrators in ONGC-Afcons dispute
October 1, 2022: Former Chief Justices of India (CJI) Dipak Misra and TS Thakur have been appointed arbitrators in the dispute between Oil and Natural Gas Corporation (ONGC) and Afcons Gunanusa [Oil and Natural Gas Corporation Ltd v Afcons Gunanusa JV]. The Supreme Court was informed of the same by counsel for ONGC and   more..


Crane India Inaugurates Its New Engineered Check Valves Facility In Satara, Maharashtra
October 1, 2022: Today, Crane announced the inauguration of its new Engineered CheckValves factory in Satara, Maharashtra. The event was hosted by Crane Process Flow Technologies India Private Limited and ChemPharma & Energy, Duo-Chek® and Noz-Chek®, businesses of Crane Co. Led by Mr. Hari Jinaga, the President of   more..

Petropulse / Guest Column
ICIS: Spotlight increases on chemical carbon footprints
Joseph ChangScope 1 and 2 emissions are the ‘easy’ parts to address on the road to net zero greenhouse gas (GHG) emissions – reducing the emissions you produce (Scope 1) and the emissions from more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
On Friday oil prices went down by 5 per cent. WTI $67.50/barrel; Brent 76.40/barrel. This difference between WTI and Brent is confusing. Normally Brent should only be about $2 costlier at most. According to market experts, the lower WTI price has to do with a glut of production in the US and lack of more...

IOC steps into Oman with acquisition
Indian Oil Corp (IOC), the country's largest Oil Marketing Company (OMC), recently acquired global major’s Shell's stake (of 17 percent) in the Makhaizna oilfield in Oman for more...

Some good news for the Indian partners from Mozambique
The Mozambique project in which Indian firms ONGC Videsh Ltd (OVL) and Bharat Petro Resources Ltd (BPRL) have a stake has seen some positive news of late. Anadarko Petroleum’s, (the operator) plan to export LNG from Mozambique’s Rovuma Basin through its two trains moved closer to achieving the crucial Final more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
The Indian side seems to be making one last concerted effort to revive the proposed Indian investment to develop the large Farzad-B field in Iran during the forthcoming visit of the Iranian President Hassan Rouhani to India. The field was discovered by the Indian consortium of ONGC Videsh (OVL), Oil India Ltd (OIL) and Indian more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
Faced with declining production from its ageing fields and encouraged by the scheme of incentives in the newly announced EOR (Enhanced Oil Recovery) policy, ONGC and Oil India Ltd (OIL) are preparing to enhance their investment in EOR projects. There has been no major commercial oil or gas discovery in India more...

Iran Announces Deals With Countries, No mention Of India
A senior Iranian oil official has indicated that his country was looking to sign big deals with companies from Russia, Europe, China etc- but there was no mention of India. Iran was also looking to sign large deals with Japanese, Chinese and Korean companies for upgrading some of its refineries. This development where India more...

ONGC’s Search For Producing Assets
In recent times, there has been considerable noise generated about the Government’s proposal to allow private sector firms to take equity stake in the blocks earlier given to the flagship PSU firms on a nomination basis. This was ostensibly to help increase production from these fields, as it was felt that the private more...

CERA Week sees plenty of action
There was plenty of action at the CERA Week held in New Delhi over the past few days. It was firstly in itself notable that this forum was held in India, being normally held in Houston. In fact, the Indian Petroleum and Natural Gas Minister Dharmendra Pradhan emphasized as much and also felt that going forward, the conclave more...

Hydrocarbon Re-assessment Exercise Progressing As Scheduled
The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country. According to official sources, as on March 31, 2017, the team has completed more...

Special Reports
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...

Importance Of Offshore Wind Power
Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...

Future Power Grid Vision - Grid Of Microgrids
The electric grid has been around for nearly 140 years, but it’s yet to overcome its biggest nemesis: the weather. Recent prolonged blackout in Texas (Snow storm) is showcasing that point as it suddenly rivals California (Forest wildfires) in proving the need for microgrids. Sustainable energy is the sustainable more...

Future of India’s transport story is renewable biogas
Vinod Paremalby Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs. Petrol and diesel more...

Time for Introspection and redefining wealth and the basis for economic planning
Over emphasis on Gross Domestic Product (GDP) without taking into account the impact to Mother Earth’s Ecological systems (resource abuse) and consideration of equanimity for all has already shown the ill effects all around the world. And worse still is the fact that the sinner does not necessarily pay the price but more...

Views
Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth: India's Crude Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million barrels and will reach 4 Million by 2016. Internal production is now less than 0.8 Million Barrels a day. It more...

The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits? The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...

Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...

The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...

Personalities
PESB Picks Barnali Barua Tokhi For BPRL MD Post
The Public Enterprises Selection Board (PESB) has picked Barnali Barua Tokhi as the next Managing Director (MD) of Bharat Petro Resources Ltd (BPRL. The panel interviewed a total of five candidates for the position. Three candidates on the list, including Tokhi, were from BPRL, while the other two were from NTPC-BHEL Power more...

Sushma Rawat Selected For Board-Level Position In ONGC
Sushma RawatThe Public Enterprises Selection Board (PESB) on Monday selected Mrs Sushma Rawat for the post of Director (Exploration), Oil & Natural Gas Corporation Ltd (ONGC). Presently, she is working as more...

Sanjay Choudhuri As Director (Fin), Numaligarh Refinery
Sanjay Choudhuri, ED, Oil India Limited, has been chosen for the post of Director (Finance), Numaligarh Refinery Limited (NRL) at a Public Enterprises Selection Board (PESB) meeting conducted on September 21, 2022. As many as 11 persons were interviewed for the post. more...

Azure Power Announces Appointment Of Shweta Srivastava As Chief HR Officer
Shweta SrivastavaAzure Power, a leading sustainable energy solutions provider and renewable power producer in India, has announced Ms. Shweta Srivastava as its Chief Human Resource Officer (CHRO). In her new more...

Indian Petro Scene - In a Nutshell
On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.

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Petro Intelligence [FREE Access]
Strategic Crude Reserves: Can India Dangle The Bait For Middle East Crude Producers?
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Diversification Of Crude Oil Sources: A Reality Or A Mirage?
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Private Players Must Join Effort To Acquire Energy Assets Abroad
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Crude Imports: Risks Of Playing Russian Roulette
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Foreign Investment
Honeywell Sets Up Global Centre In India To Offer 24/7 Support
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ONGC Signs MoU With Chevron To Assess Exploration Potential
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Overseas Investment
Essar-Owned UK Refinery Aims At Carbon Capture And Storage Future
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Gas Scene
Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene In August 2022
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MGL Remains A Remarkably Efficient CGD Company
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Natural Gas Price Trends: Global And Domestic
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LPG Marketing Profile For The Period April-June 2022
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Trends In Natural Gas Prices: Global And Domestic
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Domestic Natural Gas Scene In July 2022
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Indradhanush Gas Grid Limited To Be Completed As Scehduled
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The Slowly Expanding Natural Gas Pipeline Network
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Sectoral Consumption of Natural Gas
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Rising Price Of LNG Slows Down India’s Import
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Domestic Natural Gas Scene In June
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Trends In Natural Gas Prices: Global And Domestic
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Sectoral Consumption Of Natural Gas, May 2022
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Domestic Natural Gas Scene in May 2022
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Essar, GEECL, Make Significant Progress In CBM Gas Development
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Sector-wise Consumption of natural gas in April 2022
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Capital Expenditure Trend of PSU Oil & Gas Companies
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Petroleum Products: Import, Export Up In August 2022
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Power Situation in August 2022
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Analysis Of Crude Oil Processed By Indian Refineries In August
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Phenomenal Increase In Indian Refineries GRMs in Q1
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Impressive Growth In Petroleum Products Consumption In August
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Unaffected By Ukraine Development, India’s Production & Consumption Of Petroleum Products maintain Stable Growth
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Refining Margins On The Decline In Almost All Regions
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Indian Crude Basket Price
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Analysis of Petroleum Products Consumption Trend in FY 22-23
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Power Deficit Widens In July, Promotes Diesel Sale
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Petroleum Product Consumption Registers Appreciable Growth In July 2022
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Sectoral Consumption of Natural Gas: July 2022
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Petroleum Products Export Marginally Down, Import Up In July
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Quantum Of Crude Oil Processed By Refineries Registers An Impressive Growth
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India’s Crude Oil Imports Surge In July , OPEC Share Sharply Down
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Refining Margins Continue The Upward Trend Everywhere
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Tenders [FREE Access]
Petronet LNG
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ONGC
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IndianOil
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