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Indian Companies In A Fix Over Developments In Venezuela
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Will International Oil Market Favour Prime Minister Modi?
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Transnational Gas Pipelines Continue To Elude India
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Inevitable Confusion: Gas vs Electricity As Transportation Fuels
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Petroleum Subsidy Set For Big Jump In Next Fiscal
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ONGC: From Vision 2030 To Strategic Roadmap 2040
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India’s Gas Hydrate Program Entering Crucial Phase
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High Speed Diesel Flash Point Needs To Be Reviewed
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Tenth CGD Round Poised For Big Success
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Trend Of Renewable Energy Capacity in India
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IndianOil To Set Up Monoethylene Glycol Plant At Paradip Refinery
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IndianOil To Set Up LPG Import Terminal At Paradip
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GAIL Cancels IL&FS’ Contract To Construct Bokaro–Durgapur Pipeline Project
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India Becomes The World’s Second Largest Importer Of LPG
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Over 400,000 Applications Received For 78,500 Petrol Pump Dealerships
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Jindal Drilling & Industries Limited
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Scientific Design To Provide Process Technology To IndianOil MEG Plant
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L&T Hydrocarbon Engineering Bags Two Orders From IOC
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Asian Oilfield Services Ltd Reports Financial Performance
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- ONGC Q3 FY’19 Results: Net Profit Rs.82.63 billion, up 64.8% QoQ, declares interim dividend of Rs.5.25 per share
- Prime Minister dedicates ONGC’s key east coast project S1 Vasishta to the nation
- MRPL Q3 results
- PETROTECH-2019: 13th International Oil & Gas Conference and Exhibition, New Delhi-NCR, India, 10-12 February 2019
- Energy major ONGC eyes Strategic Roadmap 2040
- ONGC experts bring ‘Pethai’ hit offshore drilling rig in India’s Eastern Coast to normal
- Petrotech to strengthen global oil and gas engagement –Dharmendra Pradhan
- Dr. Alka Mittal takes charge as Director (HR), ONGC
- MRPL: Extract Of Standalone Financial Results For The Quarter And Half Year Ended September 30, 2018
- MRPL Results: Highlights for the Half year (H1 FY19)
- ONGC awards contract for Integrated (SPS + SURF) Work Package for Development of its Mega Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast
- Wild Well Announces New Onsite Rig Crew Training Service
- Ground-breaking ceremony held for Wärtsilä built Hamina LNG terminal
- Drones solving safety challenges within the tank storage industry
- Petroleum Minister visits ONGC Ankleswar Asset; puts well to production
- ONGC receives prestigious FIPI Oil & Gas Awards 2017
- IPOL Lubricants Goes Global
- MRPL 2018-19 Q1 results
- GAIL 2018-19 Q1 results
- Winning Bidders Of 9th CGD Bidding Round
- ONGC Results Q1 FY’19: Net Profit ` 6,144 crore, up 58.1% QoQ
- ONGC conferred with INFRA Icon Award in the ‘Global Energy' category
- ONGC, supported by Indian Navy, braves adverse weather conditions to plug leakage in Offshore Well
- New Sales Director India for Bentec GmbH Drilling & Oilfield Systems (Germany)
- SOPAN to Provide One of the Most Eco- friendly Enhanced Oil Recovery Solutions in India
- MRPL Annual Results
- ONGC drills 503 wells in FY’18 – Highest in 27 years
- Russian Oil Company Russna Oil offers petroleum products
- ONGC fosters Solar Chulha manufacturing to fuel Indian households sustainably
- MRPL wins BML Munjal award for Business Excellence through Learning and Development
- Dharmendra Pradhan Flags Off ONGC’s Ambitious KG-DWN-98/2 East Coast Project
- OTC ASIA 2018: Red Wing Shoe Company Safeguards Oil and Gas Crews in APAC with Lighter, Purpose-Built Personal Protective Equipment
- Black & Veatch named LNG industry EPC Contractor of the Year
- ONGC commits to gender parity on International Women’s Day
- Request for Purchase Enquiry for the Supply of Stainless Steel, Carbon Steel, Alloy Steel. All Other Types Pipes, Pipefitting, Flanges, Sheets, Plates, Coils, Shims, Bars
- ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
- Subhash Kumar takes charge as Director (Finance), ONGC
- ONGC Q3 FY’18 Results: Net Profit Rs. 50.15 billion, up 15.2% QoQ
- ONGC calls for industry level approach to mitigate oil field crises
- HPCL acquisition to make ONGC third largest refining company in India – DD Misra, Director (HR), ONGC
- ONGC acquires 51.11% stake of President of India in Hindustan Petroleum Corporation Limited
- SPG, India, Jaipur 2017: 25 Years of Energizing Exploration
- A world in transformation: World Energy Outlook 2017
- Fugro Commences Renewed Ongc Survey Contract Offshore India
- ONGC declares results for Q2 FY’18; records impressive production performance
- eDrilling signs MOU agreement with Petrovietnam University
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February 19, 2019: Mergers and acquisitions (M & A) is a general term that refers to the consolidation of companies or assets through various types of financial transactions. M & A activities are not many in India's oil and gas sector. Still, there have been a few significant developments. Click column Special Database for details.
February 18, 2019: Click Special Database for Company-wise Length & Capacity of Product and Crude Pipelines in India.
February 15, 2019: World Economic Forum in 2018 formulated concept of Energy Transition Index (ETI) and computed value (in terms of percentage) for 114 countries. In addition to measuring country’s energy system performance, ETI evaluates the extent to which countries have created the conditions for being future ready for becoming sustainable energy economy. Where does India stand in Transition Index. Click column Special Database for details.
February 11, 2019: We, in www.indianoilandgas.com get a lot of professional satisfaction when an article or a column from it provokes a debate. This is precisely what has happened to the piece in the Free Access column Petro Intelligence- Refinery Exports: A Bane or a Burden on Indian Consumers which appeared in the magazine on January 25, 2019. We received reactions from quite a few people, all of which cannot be accommodated for lack of space. The reactions to the article had a quality of freshness but it was also a surprise to see that some of our experts were still living in Cloud Cuckoo Land. When a single largest item of import becomes the single largest item of export, it cannot be expected to help the balance of payments significantly. Click column Free Access Column Petro Intelligence to read an interesting piece: War Of Words On Wisdom Of Subsidizing Refinery Exports.
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IOC signs first annual deal for US oil
February 19, 2019: Indian Oil Corporation (IOC) has signed its first annual deal to buy United States (US) oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first state refiner to buy US oil under an annual contract, in a more..
IndianOil buys commissioning cargo of LNG for new Ennore terminal
February 19, 2019: Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India’s first terminal in the east coast is readying for start-up, three industry sources said on Monday. State-owned IOC bought a partial LNG cargo for delivery more..
AITUC condemns plan to auction oil, gas blocks of ONGC, OIL
February 19, 2019: A central trade union on Monday condemned the plan to privatise 97 oil and gas fields discovered by state-run oil firms, terming it as a "quid pro quo" by the government to corporates. The All India Trade Union Congress (AITUC) argued that the government has no moral right to take such decisions more..
IndianOil refiner BPCL buys gasoline cargo for March in rare move
February 19, 2019: India’s Bharat Petroleum Corp Ltd has bought a gasoline cargo for first-half March arrival, two trade sources said on Monday. BPCL bought late last week 35,000 tonnes of 91.5-octane gasoline at a low single-digit premium to Singapore quotes on a cost-and-freight (C&F) basis, said the sources. more..
Modi govt reappoints AK Sharma as IOC Director-Finance ahead of elections
February 19, 2019: The government has reappointed A K Sharma as the Director (Finance) of Indian Oil Corp (IOC) - a first under Prime Minister Narendra Modi when a PSU director has been reemployed in the same position after retirement. Sharma, who superannuated as Director (Finance) of IOC on January 31, has been appointed more..
Govt subsidies on oil & gas down 76% between 2014 and 2017, coal stable
February 19, 2019: Indian government subsidies for fossil fuels, including oil and gas, have decreased by 76% over the three years to 2017, but subsidies for the industry have remained stable over the same period, a new study by think-tank (IISD), has found. India, the world’s second largest consumer of and the fourth more..
Petrol, diesel price: Brent Crude may touch $70/barrel by Mid of March, say experts
February 19, 2019: On account of sanctions on Venezuela and Iran, and Saudi Arabia to follow shoot, the Brent crude oil prices are expected to go beyond $70/barrel in near future. Since any rise in crude oil prices put pressure on the Indian economy as majority of its demand is met through imports, there can be either more..
Fuel prices rise for the 5th day on Monday
February 19, 2019: Following the daily revision in retail fuel prices, petrol prices rose for the fifth consecutive day across four metro cities in the country on Monday while diesel became costlier as well. Petrol prices in all the metro cities increased by 15-16 paise a litre while diesel became costlier by 13-14 paise. more..
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Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
 by Maj. Gen. S.C. N.Jatar, (Retd)*
|Meeting the Challenge - Fading of 4000-year Old Saga
of Oil: The history of crude oil
is more than 4000 years old when it more...
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Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
May 28, 2018: 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 more...
IOC steps into Oman with acquisition
April 9, 2018: 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
February 28, 2018: 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 more...
Visit of Iranian President opens a sliver of hope for Farzad-B deal?
February 16, 2018: 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 more...
Indian PSUs to Aggressively Pursue EOR/IOR Projects
January 31, 2018: 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 more...
Iran Announces Deals With Countries, No mention Of India
January 29, 2018: 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 more...
ONGC’s Search For Producing Assets
January 17, 2018: 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 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...
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Bina Refinery In Madhya Pradesh In News Again
Bharat Oman Refineries Ltd (BORL), jointly owned by the state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company as a 50:50 joint Venture is in the news again.
The refinery is called Bina refinery because it is located at Bina in the more...
Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
The Baroda-based, Centre For Fuel Studies & Research (CFSR), finds that the 5000 MW Solar PV project announced by the government of Gujarat has certain basic flaws. It has, in a comprehensive letter, urged the state Chief Minister to review the project.
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Vedanta’s Various Projects Under Implementation in the Rajasthan Field
Anil Agarwal-led Vedanta through its E&P
wing, Cairn India, is the operator of India's largest onshore field in the
Barmer district of Rajasthan. Vedanta has undertaken further development of the
field.
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Replacing Fossil Fuel in Transport Sector – A huge challenge
The Vadodara-based, Centre for Fuel Studies and Research (CFSR), periodically brings out useful reports on various aspects of India's energy scene. Its latest report is on Replacing Fossil Fuel in Transport Sector-A Huge Challenge. Click HERE for details.
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Status of Ethanol Blending with Petrol Program.
Ethanol Blended Petrol Programme: The Government through Oil Marketing Companies (OMCs), is implementing Ethanol Blended Petrol (EBP) Programme under which, OMCs sell ethanol blended petrol with percentage of ethanol up to 10%. In order to augment the supply of ethanol, the Government in December, 2014 more...
Status of Equity Oil and Gas Overseas
In order to supplement domestic availability of crude oil & natural gas, the Government has been encouraging acquisition of assets abroad. Our oil and gas companies are present in 27 countries with investments of nearly US$ 33 billion.
ONGC Videsh Limited (OVL), which is wholly owned subsidiary and overseas more...
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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...
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GAIL’s CMD Tripathi May Get Extension
 The government may extend by six months the services of GAIL CMD Bhuvan Chandra Tripathi. His current second term as CMD ends on July 31, 2019. In case he gets extension for six months he will continue as more...
Pranjit Deka Takes Over As Resident Chief Executive Of OIL
 Pranjit Deka, ED (HR&A) has taken over as Resident Chief Executive of Oil India Limited with effect from February 1, 2019. A Civil Engineer by profession with a degree in Management (HR) and a more...
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On April 10, 2018 www.indianoilandgas.com entered the 25th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 25 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 |
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War Of Words On Wisdom Of Subsidizing Refinery Exports
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Refinery Exports: A Bane And A Burden On Indian Consumers
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Clash Of Egos Bedevil Mega Refinery Project
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Saudi Tweet Stokes A Storm Of Speculatio
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Six Foreign Companies Bid In Second Auction
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Essar Acquires Stakes In BP’s Oil Terminals, Pipeline To Expand In UK
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OVL Awaits Overdue Dividends From Crisis Hit Venezuela
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Domestic Gas Scene in December 2018
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Capacity Utilization of Gas Pipelines
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Update: PNG Connections
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LNG Import Projection By Industry Group
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Status Of Gas Pipelines Under Construction
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Trends In Domestic Natural Gas Price & International Bench Marks
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Capacity Utilization of LNG Regasification Terminals
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Story Of Two LNG Terminals Of Petronet LNG Ltd
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CNG Growth Over The Years & CNG Sales as on 1st April, 2018
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LNG Terminals in India
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CGD Factsheet As Of Sept 2018
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A total picture about Natural Gas scene including CBM in India
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State-Wise Share In CGD Business
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Update: Sectoral Consumption of Natural Gas, LNG Import and Total Net Available Gas for Sale
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Declining Rate Of Gas Flaring In ONGC’s Fields
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Merger & Acquisitions In The Indian Oil And Gas Sector
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Company-wise Length & Capacity of Product and Crude Pipelines in India
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Energy Transition Index for India
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Energy Architecture Performance Index for India
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Estimated Basin-wise Hydrocarbon Resources in India
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Categories of Indian Sedimentary Basins
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Forward Path for India-Economic Growth, Energy and Climate Change - Some Introspection
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India’s Declining Self- Sufficiency In Petroleum Products
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India: Per-capita Energy Consumption & Energy Intensity
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Increasing Share of High Sulphur Crude in Indian Refineries
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Energy Trilemma Index
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Power Availability Improves In December 2018
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Petroleum Products Import Falls In December 2018
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Share of Imports From OPEC Declined In December 2018
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Vedanta’s Oil & Gas Production Marginally Down In 2018
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Oil Import - Volume And Value
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Major End use of petroleum products in India
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Fuel & Loss In Indian Refineries: An Update
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Update: Distillate Yield of PSU refineries
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Bharat Petroleum Corporation’s Impressive Refining Coverage
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Update: Specific Energy Consumption of PSU Refineries
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India Imports Less Petroleum Products In November 2018
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OIL’s In-House Capabilities & Infrastructure to support E&P Activities
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