|
The Threat Of Demand Dropping Takes Crude Prices Down
more...
India’s Consistently Rising Dependence On Imported Crude Oil
more...
India To Step Up E&P Activities At Deliberate Speed
more...
Charging Network Hampers Ambitious Plans For EV Adoption
more...
Refineries Perform Well, Production, Consumption Up
more...
|
|
Prices Of Politically Sensitive Diesel, Petrol Land OMCs In Trouble
more...
What Triggered The Fall In Petroleum Products Export In June 22?
more...
AG&P’s Terminal To Raise India’s LNG Regassification Capacity
more...
One More Component Of LPG Subsidy To Go
more...
|
|
Ethanol Blending With Petrol Program, Alternate Fuel Infrastructure Make Progress
more...
|
|
Shelf Drilling Bags Offshore Rig Contract
more...
EIL Secures Order Worth Rs. 1540 Mn In Q1 FY 2022-23
more...
IOC Ready To Commission Its Aviation Fuel Station At Belagavi Airport
more...
|
|
India Revises Commitment To Reduce Emissions Intensity Of Its GDP By 45% By 2030
more...
LPG: 21 Million Customers Did Not Buy A Single Refill In FY ‘22
more...
|
|
DEEP.KBB GmbH
more...
Aban Offshore Receives LoA For Jack-Up Rig ABAN III From ONGC
more...
ONGC Awards Contract To Jindal Drilling And Industries Ltd
more...
SEAMEC II Vessel To Continue Deployment With ONGC
more...
MRPL To Expand Petrol Pump Network In Tamil Nadu, AP, Telangana
more...
|
|
- ONGC declares results for Q1 FY’23: posts net profit of ₹152.06 billion, crude production up by 1.9% and gas production up by 1.4%
- Orbital Energy Group, Inc. Rebrands to Orbital Infrastructure Group, Inc.
- Petroleum Minister inaugurates 4th ONGC Para Games: 275 PwD employees of Oil and Gas public enterprises participate
- Press Releases - TotalEnergies‘ Second Quarter 2022 Results
- ONGC to make Green Hydrogen; inks MoU with India’s leading renewable energy Company Greenko ZeroC
- TotalEnergies Announces New Milestone towards Papua LNG Development
- ICIS: Spotlight increases on chemical carbon footprints
- Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
- Siemens Energy to power the world’s lowest-emission LNG facility
- Petroleum Ministry and ONGC announce ex-gratia of Rs 15 lakhs each to families of four deceased in Mumbai High helicopter incident
- Helicopter makes emergency landing near ONGC offshore rig, five survive
- Mecwin India to set up one of the country’s largest manufacturing facilities in Karnataka
- ABB Survey | Indian industries to accelerate energy efficiency investments within next 5 years to achieve Net-Zero targets
- ONGC declares results for FY’22; posts highest ever net profit of Rs 40,306 crore for FY’22, up by 258%, highest ever total dividend of 210% for FY’22
- ONGC to intensify its Exploration Program; investment in exploration to be 150% over next 3 years
- Electric vehicles are expected to account for more than 33% of new car sales worldwide by 2031, says GlobalData
- India to lead Asia’s liquids storage projects count through 2026, says GlobalData
- Smarten invests 3X in R&D, set to launch a disruptive range of solar power back-ups by end of the 2nd quarter of FY 2022
- Brenntag tops ICIS Top 100 Chemical Distributors global ranking
- M&A deal activity in the oil and gas industry declined by 41% in terms of value in Q1 2022 compared to Q4 2021, says GlobalData
- Nigeria will account for 24% of oil and gas projects commencing operations in Africa by 2026, says GlobalData
- MOL GROUP Launches Green Hydrogen Production Using Plug Electrolyzers
- 11A CGD Bidding Round and invited electronic bids for 5 Geographical Areas (GAs)
- ONGC now has one of the most balanced Boards in industry
- S&P Global Appoints Daniel Yergin Vice Chairman
- ONGC on way to add another Basin on production
- ONGC to undertake 2D Seismic Survey for appraisal of 70,000 line km of Indian Offshore up to Exclusive Economic Zone boundary
- Oil & gas contracts activity increased in 2021 due to improved crude prices, says GlobalData
- S&P Global Launches Comprehensive Framework for Assessing Reliability of Estimates of Greenhouse Gas Intensity for Crude Oil
- Shell Signs Global Agreement with Detect Technologies
- Long-term uncertainty regarding Russian oil and gas supplies will sustain high energy prices, says GlobalData’s MEED
- GlobalData forecasts Asia to dominate global refinery CDU capacity additions through 2026
- Oil India - Q3FY22 Result Update - High realization to drive earnings
- Asia set to drive global ammonia capacity additions through 2026, says GlobalData
- India to drive global vinyl acetate monomer capacity additions through 2025, says GlobalData
- John F. Kerry to Address CERAWeek by IHS Markit 2022, to held in Houston March 7-11
- North America sees the highest crude oil refinery maintenance in 2021, says GlobalData
- IHS Markit: LNG Imports to Europe Could Compensate for Shutoff of Russia Gas Flows Through Ukraine
|
|
|
August 15, 2022: News uploaded. No IOG exclusive as today is a national holiday on account of Independence Day.
August 12, 2022: India’s economic planners had a dream of achieving self-sufficiency in almost all areas of economic activity. Even in petroleum sector India attained 70 per cent self-sufficiency in the 1980s. This has been going down consistently since and touched an all-time low of 13 per cent in June 2022. Click column Special Database for details.
August 11, 2022: India’s public sector oil and gas companies such as ONGC Videsh, Oil India, GAIL, IOC and BPRL have invested in overseas projects. Their share of overseas production of oil and gas too has been stagnating in recent years. In June 2022, overseas production as percentage of domestic production touched an all-time low. Click column Special Database for details.
August 10, 2022 | Crude imports: Risks of playing Russian Roulette | Russia’s share in India’s oil and gas requirement has never exceeded 2 per cent of its requirement. A recent Bloomberg report said Russia had replaced Saudi Arabia as the second largest supplier of crude oil in the month of June, largely because of the $19 per barrel discount it had offered in the previous month. However, this development does not move the needle by very much and experts believe that this blip will not make much of a difference in the immediate future. But there is one unpredictable factor in assessing the oil and gas market – and that is the ominous presence of Vladimir Putin. Fed up with the rash of economic sanctions against Russia, Putin acted swiftly to construct a natural gas pipeline to China. Experts do not rule out the possibility of Putin dangling a similar bait before India. After all, oil and gas is India’s Achilles heel. Indian companies can be accommodated in Russia’s expanding E&P sector whose fortunes have been buffeted by the spectacular exit of a couple of global oil giants. Indian public sector units have considerable investments in Russia’s upstream sector and have been scouting for more deals. Click Free Access Column Petro Intelligence to read a comprehensive piece on the subject.
|
|
U.S. worried over routing of Russian oil through India, says RBI Deputy Governor
August 15, 2022: The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday.
The U.S. Treasury Department told India that more..
Reliance, Nayara Face Windfall Profit Tax On Local Supplies Alongside Exports
August 15, 2022: The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India. A Rs 6 a litre tax was also imposed on petrol and ATF exported out of India.
The just-introduced tax on windfall energy profits of oil more..
Nagaland should start oil exploration: Teli
August 15, 2022: Union Minister of State for petroleum and natural gas, labour and employment Rameswar Teli on Saturday urged the State government to start oil and natural gas exploration and extraction. Addressing a gathering here at Niathu resort after the inaugural of Hemkund Group’s Liquified Petroleum Gas (LPG) more..
Nayara Energy posts record Rs 35.64 billion profit in Q1
August 15, 2022: Russian oil major Rosneft-backed Nayara Energy has reported a record quarterly profit in April-June as it made hay on export of fuel made from discounted Russian oil. Net profit of Rs 3,563.7 crore, or Rs 23.91 per share, in April-June compared with a loss of Rs 139.1 crore in the same period a year back, it more..
Convenient for owners of electric cars! IOC opens a fast charging station in Lucknow
August 15, 2022: A new facility has started for those using electric cars in UP. Indian oil company IOC has opened the city’s first electric vehicle fast-charging station in Ashiana. Currently, IOC has only four charging stations, but it takes six to eight hours to charge a vehicle there. The vehicle will be fully more..
Saudi oil firm Aramco profits skyrocket amid global instability
August 15, 2022: Saudi Arabia's national oil producer on Sunday announced that its profits had leapt by nearly 90% in the second quarter of the year. The increase comes as fuel prices around the world spiral amid instability caused by Russia's war in Ukraine and a post-pandemic surge in demand.
more..
ADNOC awards $1.17bn contract for jack-up barges
August 15, 2022: The Abu Dhabi National Oil Co. has signed a contract worth 4.3 billion dirhams ($1.17 billion) to hire 13 self-propelled jack-up barges.
The move aims to boost the company’s offshore operational efficiencies and support the expansion of its crude oil production capacity to 5 million more..
Industrial LPG offers relief to energy-starved factories in Bangladesh
August 15, 2022: Amid spiked diesel prices, electricity cuts and low grid gas pressure faced by mills and factories, liquefied petroleum gas (LPG) is the best solution for energy-starved industries. For heating and other industrial applications, LPG is also a cleaner and more efficient alternative to burning furnace oil, more..
|
|
ICIS: Spotlight increases on chemical carbon footprints
 Scope 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...
|
|
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...
|
|
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
 by 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...
|
|
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...
|
|
Ranjit Rath Takes Over As CMD Of Oil India Limited
 Ranjit Rath has taken over as new Chairman and Managing Director (CMD) of Oil India Limited (OIL). Rath is a Geoscientist with experience and expertise of more than 25 years in the field of geosciences and more...
Vandana Sharma Term As Secretary PNGRB Extended
The Appointments Committee of the Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas to extend The tenure of Vandana Sharma, secretary Petroleum and Natural Gas Regulatory Board by six months beyond 25 July 2022. She is joint secretary level officer belonging to the Central Secretariat Service more...
|
|
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.
To download this full article in PDF, click here |
|
|
Crude Imports: Risks Of Playing Russian Roulette
more...
Swing A Wrecking Ball Before Privatisation Of Refiners
more...
Overhaul selection process for ONGC, OIL leadership positions
more...
LNG Import Deal: India Needs Clean And Tough Negotiators
more...
|
|
Synergia Energy Says Fracking of Cambay Well Returns Initial Positive Results
more...
DEEP.KBB Forms Strategic Alliance With EIL
more...
|
|
Cabinet Approves Additional Investment By Bharat PetroResources In Brazil
more...
|
|
The Slowly Expanding Natural Gas Pipeline Network
more...
Sectoral Consumption of Natural Gas
more...
Rising Price Of LNG Slows Down India’s Import
more...
Domestic Natural Gas Scene In June
more...
Trends In Natural Gas Prices: Global And Domestic
more...
Sectoral Consumption Of Natural Gas, May 2022
more...
Domestic Natural Gas Scene in May 2022
more...
Essar, GEECL, Make Significant Progress In CBM Gas Development
more...
Sector-wise Consumption of natural gas in April 2022
more...
Trends In Natural Gas Prices: Global And Domestic
more...
LPG Consumption Continues Grow Forcing Larger Import
more...
Domestic Natural Gas Scene: Production Marginally Up, Consumption Down
more...
LPG Profile Based On LPG Marketing In FY 2021-22
more...
Natural Gas Price Trends: Global and Domestic
more...
Sector-Wise Consumption Of Natural Gas
more...
|
|
Declining Domestic Share In Petroleum Products consumed
more...
Domestic Oil & Gas Production vis-à-vis Overseas Production
more...
Percentage share of petroleum products in export: April to June 2022
more...
India’s Refineries & Their Refining Capacities
more...
Oil India’s Short Term Growth Strategy
more...
Distillate Production and POL Production
more...
India’s Petroleum Products Export Marginally Down, Import Up In June
more...
What is Russia’s Share in India’s Crude Oil Import During April-June 22?
more...
Analysis Of Crude Oil Processed By Indian Refineries In June 2022
more...
Any Unusual Fluctuation In Production/Consumption Figures Of Petroleum Products in Recent Months?
more...
Crude Processing Makes A Remarkable Recovery in FY 2021-22
more...
India’s Domestic Crude Production Maintains A Discipline In Fall
more...
India’s oil import Bill: An Update
more...
Russia Is India’s Second Largest Crude Oil Supplier
more...
Average Indian Crude Basket Price In June
more...
How Much Petroleum Products Did India Produce And Consume In April-May 2022?
more...
Power Supply Deficit Position Promotes Diesel Sale
more...
LPG Consumption Presents A Dull Picture In May 2022
more...
|
|
|
