Policy
Oil Consumersí Club Sponsored By India, China In The Offing
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Wild Predictions About Crude Oil Price Create Confusion
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Will Indian PSUs Get Blocks In ADNOCís Second Exploration Round?
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India To Ramp Up Oil Imports From USA To Balance Trade
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Post-election Challenges For The Government In The Petroleum Sector
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Regulation
Power Sector Holds The Key To Enhancing Gas Consumption
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Mumbai Basement Plays Holds Tremendous Potential For ONGC
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Kerosene Production & Consumption Continue To Decline
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With INDMAX Unit, IOCís Emerges As Technology Provider
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Alternative Energy / Fuel
Aemetis India Plant Wins $23 Million Biodiesel Supply Contract
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New Projects
Bumi Armada JV Bags Contract From ONGC
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ONGC Gets Environmental Clearance For Rs 2.40 Billion Project In Assam
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Petronet Plans Mini LNG Terminal In Andaman
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Market Watch
GS Caltex Appoints Brand Ambassador
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Companies
John Energy Limited
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ONGC Reaffirms: Sufficient Funds To Meet Current And Future Capex Needs
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NRL Launches Food Grade Wax
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Press Release [FREE Access]
Latest Exclusives

May 24, 2019: India has a prognosticated 92 TCF Coal Bed Methane resources of which 9.9 TCF had already been established. Big private players such as RIL and Essar are already in CBM exploration and production. However, total CBM gas production in the country remains marginal. Click column Gas Scene for details.


May 23, 2019: India's domestic crude production has been declining consistently in recent years, touching a new low in FY 2018-19. In comparison, overseas production by Indian companies touched an all-time high as percentage of domestic production in 2018-19 and further up in April. PSUs such as ONGC Videsh Ltd, OIL, IOC, BPRL, HPCL and GAIL hold equity oil overseas. Click column Special Database for details. 


May 22, 2019: The share of high sulphur (HS) crude in processing by Indian refineries has been rising consistently in recent years. High sulphur crude is relatively cheap which enables refineries to improve their GRM. In April 2019, the quantum of high HS crude processed touched an all-time high. Click column Special Database for details.


May 9, 2019 | Aramco-Reliance Alliance Sparks Jitters: India’s downstream petroleum retailing is dominated by the PSU oil marketing companies. RIL and Essar (now Nayara) entered fuel retailing more than a decade ago, but could not dent PSU’s dominance. In fact, the three PSUs have announced their plans to double the number of their retail outlets in the next five years. But these PSUs are now really in jitters following the announcement of a likely deal between Aramco and RIL. Aramco is negotiating to buy 25 per cent stake in RIL’s refinery and petrochemicals and the deal looks almost concluded. Aramco enjoys the political backing of the Saudi government and RIL is rated as the most politically influential corporate in India. There are any number of purchasable characters within the PSUs. Will RIL resort to a Jio-type strategy to bleed the PSUs? Are these fears genuine or exaggerated? Click Free Access column Petro Intelligence for a brilliant piece on the subject.

Today's News [FREE Access]
India has ended Iranian oil imports: Envoy
May 25, 2019: India has ended all imports of oil from Iran, its ambassador in Washington said Thursday, becoming the latest country to comply with the US sanctions. India had already sharply decreased its imports from Iran and bought one million tonnes (tons) of crude in April, the last month before Washington stepped up its   more..


GST on fuel, easier licensing rules the needed energy bars
May 25, 2019: Bringing key petroleum products in the ambit of the Goods and Services Tax, easing licensing needs and taxation for upstream projects, enhancing third-party access to gas pipelines and helping in faster execution of city gas projects to stimulate gas demand in the country would be some of the key measures the   more..


OVL FY19 net profit jumps 71% on rise in oil production
May 25, 2019: ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Friday reported a 71 percent jump in its 2018-19 fiscal year net profit on the back of a spike in crude oil production. Consolidated net profit in April 2018 to March 2019 period at Rs 16.82 billion was 71.4 percent   more..


Oil Marketing Companies Rally as Petrol, Diesel Prices Start Rising After Elections
May 25, 2019: Shares of oil marketing companies (OMCs) rose 3-6% on Friday after Hindustan Petroleum Corp. Ltd (HPCL), Bharat Petroleum Corp. Ltd (BPCL) and Indian Oil Corp. Ltd (IOC) hiked petrol and diesel prices marginally across the country amid falling crude prices globally. Shares of HPCL jumped as much   more..


Kochi To Get 15 Electric Vehicle Charging Station ó Total Operational Capacity By End 2020
May 25, 2019: The government in the state of Kerala had stated earlier that plans to incorporate over a million electric vehicles by the end of 2022. This adoption of green vehicles will be led by the Kochi. Reports indicate that the port city will be getting the state's first public electric charging stations soon.   more..


India Crude: Down as US inventory rises, hope for trade deal tanks
May 25, 2019: Crude oil contracts on Multi Commodity Exchange of India and New York Mercantile Exchange fell today due to an unexpected rise in US inventories and diminishing hopes of the US and China reaching a trade deal, analysts said.   The rupee's weakness against the dollar limited losses in the   more..


Ujjwala Yojana: BJPís small steps to big win
May 25, 2019: It is easy to attribute BJP’s victory to the Modi government’s bold decision to carry out air strikes on Jaish-e-Muhammed’s jihadi terror factory in Balakot deep inside Pakistan. The popular narrative is that BJP was headed for a defeat until IAF turned the polls around by retaliating against   more..


Petrol, Diesel Prices Increased Marginally
May 25, 2019: Fuel prices in India were marginally hiked on Friday. While petrol prices were increased by an average of 14 paise, diesel rates saw a 15-17 paise rise per litre. In the metro cities, petrol prices per litre were increased to Rs 71.39 in New Delhi, Rs 73.46 in Kolkata, Rs 77 in Mumbai and Rs 74.1 in   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby 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...

IOG Exclusive
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...

ONGCís 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...

Special Reports
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...

Vedantaís 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. more...

Replacing Fossil Fuel in Transport Sector Ė 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. more...

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...

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
Catherine Krajicek, Non-Executive Director, Cairn Energy
London-listed petroleum explorer Cairn Energy plc announced the appointment of Catherine Krajicek as an independent non-executive director on the company’s board with effect from 1 July, 2019. During her executive career, Catherine has lived and worked in different locations in the US and internationally as well as 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]
Aramco-Reliance Alliance Sparks Jitters
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Kuwait Petro: Left High And Dry
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Clear-Headed Regulation Required; Policy Tinkering Will Not Wor
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ONGC Resists Niti Aayog, Regains Its Mojo
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Foreign Investment
Oilex JV To Drill New Wells In Cambay Block
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Overseas Investment
RIL Shale Joint Venture On The Block
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Bangladeshís New LNG Import Terminal Commissioned
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Tellurianís Charles LNG Project Gets DoE Export License
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Gas Scene
Coal Bed Methane (CBM) gas development in India
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LPG Market Profile In Brief As On April 1, 2019
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Global Natural Gas Price Trends
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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Domestic Natural Gas Scene In March 2019
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BAU scenario: Indiaís CGD gas consumption projected to grow by 10%
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Global LNG Fleet
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Increasing Dependence of Imported RLNG
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Russian Company Gazpromís Average Gas Production Cost
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Natural Gas Price: Global / India
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Indiaís Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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CFSR Study Report - Seamless Development of Gas Value Chain
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Advantage of strong Regulatory Environment for CGD Industry
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Domestic, Global Natural Gas Price Trends
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Market Natural Gas and CGD: Attractive Industry
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Adani Gas: Infrastructure Development to Propel Gas Demand India
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Update: Coal Bed Methane (CBM) Gas Development In India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Domestic oil & gas production vis-ŗ-vis overseas production
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Share Of High Sulphur Crude In Processing Hits All-time High In April 2019
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Global Rig Count vs. Crude Prices
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Indian crude basket price in April 2019 (in $ per bbl)
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Indiaís Petroleum Products Import Drops In FY 2018-19
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India Imports 226.642 MT Crude Oil In FY 2018-19
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Decline In Sales Of Passenger Vehicles A Matter of Concern
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Power Availability In March 2019
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Share of Domestically Produced Oil Shrinks To 16.3 % In Total Consumption
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Percentage share of High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Update: Refining Capacity - Company-wise, Sector-wise and Total
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Update: Oil Import - Volume and Price
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Reserve Replacement Ratio (RRR): Oil, Gas & CBM
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Amidst Falling Demand for Hybrid Vehicles, Europe See Record Sale of EVs
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World Oil Demand 2018 & 2019
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Global Drilling Rig Count Drops in February 2019
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Growth In Sales Of Passenger Vehicles, Two Wheelers drops
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Price build-up of PDS kerosene at Mumbai and Element-wise explanation
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Tenders [FREE Access]
ONGC
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ONGC
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