Policy
Trump’s Exit May Have Positive Impact on India’s Petroleum Industry
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BPCL Stake Sale Unlikely To Get Attractive Price Before 2023
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A Biden Presidency: Implications For The Energy Industry
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Adani – Modi’s Rockfeller Or Counter Balance To Ambani?
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Refineries Slowly Return To Full Capacities First Time Post Covid
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Regulation
ONGC Videsh Revives Acquisition Of Oil & Gas Assets Overseas
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India To Expand Refining Capacity To 400 MMTPA By 2025?
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Dispute Panel For E& P Sector Fails To Make An Impact
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ONGC: Higher Profits, On Way To Achieving CAPEX Target
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Alternative Energy / Fuel
MoPNG Signs MoU with Companies For CBG Plants
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List of 12 Nos. of 2G Ethanol Bio-refineries Projects
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New Projects
Hoegh LNG Signs Deal With H-Energy To Supply FSRU
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GAIL Completes Kochi-Mangalore Pipeline
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Market Watch
India To Get 1,000 LNG Dispensing Stations
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Companies
Höegh LNG
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Oil India Launches Seismic Campaign In Mahanadi
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ONGC Signs Contract For 7 Blocks, OIL 4 Blocks
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Press Release [FREE Access]
Latest Exclusives

December 1, 2020: Sharp Decline In Petroleum Products Import In October 2020, click column Special Database for details.

November 30, 2020: Consumption of petroleum products continues to grow as rigours of lockdown are being relaxed. In October, consumption registered a marginal growth. Both diesel and petrol too registered a growth. Click column Special Database for product-wise growth and de-growth.

November 27, 2020: Crude Oil Processed Still Lower, Share Of Domestic Crude Up In October, click column Special Database for details.
November 25, 2020 | Driftwood Goes Adrift: PLL Asserts Its Independence | President Donald Trump’s fall has come as a relief to many in the world. It can have a positive impact on India’s petroleum sector. Among the Indian companies, the biggest beneficiary could be Petronet LNG Ltd (PLL) which in September 2019 signed a MoU with Tellurian of the US. Under the terms of the MoU, Petronet proposed to invest for an 18 per cent stake in Tellurian's proposed 27.6 MTPA Driftwood LNG facility. Immediately after Trump’s fall, PLL announced that it has no plans to invest in liquefied natural gas (LNG) developers as the market is awash with cheaper fuel. It seems PLL was under some sort of pressure from US lobby to invest but staved it off by signing a MoU which is simply a diplomatic exercise. From an attitude of subservience to LNG suppliers, the PLL management has now grown to a stage where it has started to assert itself. That in itself is a welcome development. Click Free Access column Petro Intelligence for details.
Today's News [FREE Access]
CNG stations at petrol pumps not to be opened for third party access
December 1, 2020: CNG stations anchored on petrol pumps will not be open to third party hiring, gas regulator PNGRB has said. Also, oil marketing companies - such as Indian Oil Corp (IOC) - will be barred from setting up their own CNG dispensing units in their petrol pumps that have been let out for CNG supplies to a city gas   more..


RIL-BP set to start gas production from R-Series; invest Rs 400 billion
December 1, 2020: Reliance Industries (RIL) is ready to start gas production from its second wave of discoveries in its eastern offshore KG-D6 block soon. According to sources, the platforms and installations are ready and the final testings are over. "The production can begin anytime soon," an executive said.   more..


ITAT allows claim of depreciation on the capitalised cost to GAIL India
December 1, 2020: The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Gail India allowed the claim of depreciation on the capitalised cost. The assessee, M/s GAIL (India) Ltd. claimed depreciation on Jamnagar-Loni-Pipeline and Gandhar LPG Plant. During the year under consideration the assessee successfully   more..


Biogas plants may be key to ending Delhi’s air pollution troubles
December 1, 2020: State-owned oil companies are set to play a key role in tackling Delhi’s annual affair with rising air pollution levels due to stubble burning, by setting up around 250 compressed biogas plants over the next one or two years. Compressed biogas, or CBG, is produced by anaerobic   more..


Saudi Arabia may raise Asia crude prices in January - survey
December 1, 2020: Top oil exporter Saudi Arabia is expected to raise its official selling prices (OSPs) for Asian buyers in January, tracking stronger benchmark prices as some refiners increase output to meet higher winter demand, a Reuters survey showed. Six sources at Asian refiners expect the January OSP for   more..


OPINION: Emerging role of oil companies in a ‘net zero’ world
December 1, 2020: India is in a developing stage, and its economic engine has yet to achieve full steam. Even then, at present India is the third largest consumer of energy in the world and its energy consumption is poised to increase further. According to IEA World Energy Balances, India is heavily reliant on coal (44.3 per   more..


Castrol India launches Power1 Ultimate for enhanced performance
December 1, 2020: Designed and formulated for motorcycle and performance enthusiasts, the Castrol Power1 Ultimate offers a broader range of choices for users and anchors on a unique 5-in-1 formula. The company claims that the new CastrolPower1 Ultimate range embodies several benefits including acceleration,   more..


Petrol price crosses Rs 90/L mark in Bhopal
December 1, 2020: Petrol prices crossed the Rs 90 per litre mark in the state capital on Monday. Petrol rate was Rs 90.05 per litre while diesel was being sold at Rs 80.10 per litre in Bhopal on Monday, said Madhya Pradesh Petrol Pump Owners Associations president Ajay Singh. He said that crude prices are going   more..

Petropulse / Guest Column
Currently cost to subsidize kerosene and LPG is Zero: Will NDA dare to end Subsidy Raj?
By Bhamy V. Shenoy EveBhamy V Shenoyry day we hear of dreadful stories of pandemic - not just the sad stories of the worsening death rate, but also the suffering 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
Promoting additional coal mining and production-is it green growth?
October 27, 2020: In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path.   more...

Climate Action- Achieving Green and Inclusive Growth
August 7, 2020: The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the more...

Crude collapse to crush US petchem advantage
By: Joseph Chang, Global Editor, ICIS Chemical Business The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage while global demand is being slammed by the continuing spread of the coronavirus. Financial markets are seizing up, throwing a wet blanket on new more...

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.   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
Prabhat Singh Joins India Gas Solutions
Prabhat SinghPrabhat Singh has joined RIL-BP Joint Venture, India Gas Solutions. Singh completed a five-term term at India's largest liquefied natural gas importer Petronet LNG Ltd in mid-September. Prabhat Singh more...

EESL Appoints Mahua Acharya To Lead Convergence
Mahua AcharyaEnergy Efficiency Services Limited (EESL), a joint venture of public sector undertakings under the Ministry of Power has appointed Mahua Acharya to lead a new energy company, a 100% owned subsidiary more...

Shivaprakash Rao Named BMT’s New Head Of Engineering And Consulting Asia
Shivaprakash RaoBMT, a leading international multi-disciplinary engineering, science, and technology consultancy, has announced the appointment of Shivaprakash Rao as the new Head of Engineering and Consulting more...

Ashish Chaterjee To Continue In Ministry Of Petroleum
AshishAshish Chatterjee to continue as Joint Secretary, Ministry of Petroleum and Natural Gas. His appointment as Senior Directing Staff (Civil), National Defence College, Department of Defence (vide DoPT order dated more...

Indian Petro Scene - In a Nutshell
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.

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Petro Intelligence [FREE Access]
Driftwood Goes Adrift: PLL Asserts Its Independence
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Privatisation Of BPCL Should Be Shelved For Now
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Move To Merge Upstream Majors: A Clash Of Culture
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Prudent To Put BPCL Privatisation On Hold
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Foreign Investment
Lummus-TCG Digital JV To Address Oil & Gas Market
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Overseas Investment
RIL To Invest $ 50 Mn In Bill Gates’ Breakthrough Energy Ventures
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Gas Scene
Market Natural Gas and CGD: Attractive Industry
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Natural Gas Price Trends: Global And Domestic
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Natural Gas : Historic Data On Domestic Production, Import & Consumption
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Gas to peak last among fossil fuels
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Domestic Gas Scene In September 2020: Production, import, availability and sector-wise consumption
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Gas: Increasing Import Dependency, Stagnant Domestic Production
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Global Natural Gas Price Trends
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Sector-Wise Consumption Of Natural Gas In August 2020
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Natural Gas Price Trends: Global And Domestic
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Recoverable Coal Bed Methane Reserves
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Import of Liquefied Natural Gas (LNG)
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Natural gas price trends: Global & Domestic
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Changing Fortunes of India’s LNG Regasification Terminals
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Competiveness Of Pipelines vs LNG
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Sharp Decline In Petroleum Products Import In October 2020
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Petroleum Products Consumption Registers Growth In October 2020
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Crude Oil Processed Still Lower, Share Of Domestic Crude Up In October
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India’s Crude Oil Import Down In October, Marginal Drop In OPEC Share
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ONGC Videsh: Production Performance
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World Oil Demand In 2020
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India’s Rig Count, Both Offshore And Onshore Down
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Global Rig Count Falls , Up In US
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Indian crude oil basket price In October (in $ per bbl)
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Petroleum Products Import Down In September 2020
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Crude Oil Import Drops In September, OPEC Share Down
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Crude Oil Processing Down In September, Share Of Domestic Crude Up
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ONGC Group: Reserves as on 1stApril 2020
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Indian Basket vs ONGC Crude Price Realization
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Power supplied and deficit: Region-wise position for September 2020
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Retail Selling Prices and Share of Taxes in Petrol and Diesel in India and developed countries
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Profit After Tax (PAT) Of Oil Companies In India
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Petroleum Products Consumption Makes Remarkable Recovery In September 2020
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An Update: Subsidy / Under-recovery on Petroleum Products
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