Policy
Oil Prices Drop On Fears Of Trade War, How Far Will It Go?
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Donald Trump Unleashes American Energy
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Will India Turn To US For Energy Imports?
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Public-Private Partnership Projects: Second Phase Of India’s Strategic Crude Storage Gets Funds Allocation
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Opening Up Of ‘No- Go’ Areas: OALP 10th Round May Attract Foreign Bidders
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Regulation
The Cost Of BPCL’s New Refinery Raises Eyebrows In Industry Circles
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Impressive Progress In EV Growth, But Problem Areas Remain
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India Opts For CSEM Survey In Search Of Oil And Gas Offshore
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India’s Growing Obsession With Ethanol Blending In Petrol
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Alternative Energy / Fuel
India’s Ranking In Electricity Consumption, Renewable Energy Production
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New Projects
Lyondellbasell Selected By IOC For Advanced HDPE Technology
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EIL Bags PMC Services Contract For HPCL Line Project
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Market Watch
India’s Rising LNG Imports
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Companies
Blueleaf Energy
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BPCL Awards 12-Month Murban Crude Import Tender To Total
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Jakson Green, Blueleaf Energy Announce Partnership
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EIL Appointed As Project Management Consultant
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Oil India Sets Up Subsidiary To Explore Renewable Energy Options
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Press Release [FREE Access]
Latest Exclusives
February 13, 2025: The share of imported crude in processing by refineries has been rising consistently. What precisely has been the respective share of imported and domestic crude processed by Indian refineries? Click column Special Database for details.

February 12, 2025: We recently reported the story of India’s falling domestic crude production. The fall is not only in domestic fields but also in overseas projects in which state-owned oil and gas companies such as ONGC Videsh, IOC, BPCL and GAIL have invested. Click column Special Database for details.

February 10, 2025 | Russian Crude Flows To India At Risk Of Slowing To A Dribble: The future looks very dicey for Russian crude’s share in India’s import basket. The sweeping sanctions unleashed by the Biden administration in its dying days can take Russian crude’s share in India’s imports back to 2 per cent if they aren’t lifted. India benefitted hugely from cheap Russian crude mainly on account of the discounted price. The discount has been shrinking but it is still cheaper than the market rate. India will be pinning all its hopes on President Trump. Trump is seen to be close to Russian President Vladimir Putin, which probably prompted President Biden to act before Trump’s second coming. President Trump is committed to end the war in Ukraine. Will India benefit if the sanctions against Russia are lifted? An end to the Ukraine war can have a negative impact on India once the US-led sanctions are lifted. Click Free Access column Petro Intelligence to read an insightful piece.
Today's News [FREE Access]
BPCL inks term contract with Petrobras for Brazilian crude oil
February 13, 2025: State-run Bharat Petroleum Corporation Limited (BPCL) has signed a term contract with Brazil’s national oil company, Petróleo Brasileiro S.A. (Petrobras), for the supply of Brazilian crude oil grades. The agreement, initially valid for one year with an option to extend for another year, aims to   more..


India is building a sanctions-proof supply chain for Russian oil
February 13, 2025: Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship energy gathering in Delhi,   more..


BPCL to set up 10 LNG stations, sign 5-year deal with ADNOC for 0.45 MTPA supply
February 13, 2025: State-run Bharat Petroleum Corporation Limited (BPCL) will establish 10 new liquefied natural gas (LNG) stations and sign a five-year supply agreement with Abu Dhabi National Oil Company (ADNOC) for 0.45 million tonnes per annum (MTPA) to meet the rising demand for cleaner fuels, BPCL Director (Finance)   more..


IEA says India should free gas pricing; unbundle gas marketing, transportation business
February 13, 2025: International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising   more..


TotalEnergies set to boost India’s gas market with decade-long LNG supply
February 13, 2025: Thanks to this multi-year sale and purchase agreement (SPA), TotalEnergies will supply GSPC with 400,000 tons of LNG, amounting to six cargoes per year, starting from 2026. This LNG will be sourced from the French firm’s global portfolio and delivered to terminals on India’s west coast.   more..


India can expect more oil coming from Venezuela, says Puri
February 13, 2025: India can expect more oil coming from Venezuela, said Minister for Petroleum and Natural Gas Hardeep Singh Puri at a press conference on the sidelines of India Energy Week (IEW) 2025 on Tuesday. “Earlier, Venezuelan oil was not available in the market because of international constraints. Now, all the   more..


India to boost Iraqi oil imports amid Russian sanctions
February 13, 2025: India is set to increase its crude oil imports from Iraq as new sanctions on Russia threaten to disrupt its energy supply. According to the Federation of Indian Petroleum Industry (FIPI), India’s reliance on Russian crude may face challenges due to rising shipping costs following fresh   more..


IGX and HPCL Sign MoU to Boost Natural Gas Consumption in India
February 13, 2025: Indian Gas Exchange Limited (IGX), India's authorized natural gas exchange and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna Oil and Gas company today announced the signing of Memorandum of Understanding (MoU) to collaborate on enhancing the Natural Gas market in India. The MoU was signed   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Double Trouble
By R. Sasankan If you ignore history, you are condemned to repeat it. The stark truth of this aphorism came back to me the other day when I read a Reuters report that said Indian Oil Corporation was aiming to double the capacity of its liquefied natural gas more...

Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan India is a country of many paradoxes – and it is this quality that makes it hard for policy makers to find the right palliative for its myriad problems. The country is one of the fastest growing economies in the world and hopes to become a $ 5 trillion more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

West Coast Refinery Continues To Battle A Jinx
By R. Sasankan Industrial projects in India can never seem to skirt controversy and invariably go through a prolonged period of uncertainty as promoters fret over the roadblocks they face. The intensity of the controversy is directly proportional to the size of the more...

Can The Downstream Man Bail Out ONGC?
By R. Sasankan “New Delhi: Under-investment in the Oil & Gas sector could hamper India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil and Natural Gas Corp (ONGC), has warned. National Oil Companies around the world are facing increasing pressure more...

Oil PSUs In Trouble Again
By R. Sasankan International price of crude oil has risen by 30% in the third quarter of 2023. Global crude oil inventories are at seasonal lows and production cuts, announced transparently by OPEC+ till the end of December 2023 amount to about 3.3 million barrels a more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, 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...

Special Reports
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...

The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
Surya P. SethiMay 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South. Click more...

Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade. 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...

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
Sagar Singh Kalsi (IPS) Appointed As Director In MoPNG
Sagar Singh KalsiSagar Singh Kalsi, an Indian Police Service (IPS) officer of the 2010 batch from the AGMUT cadre, has been appointed as Director in the Ministry of Petroleum & Natural Gas (MoPNG) under the more...

H Shankar To Be Next Managing Director, CPCL
H ShankarThe Public Enterprise Selection Board (PESB) has selected H Shankar for the post of Managing Director, Chennai Petroleum Corporation Limited(CPCL). Currently, he is Director (Technical) and holds additional more...

IOC Elevates Manish Malik To Executive Director & CIO
Manish MalikManish Malik has been appointed as the Executive Director (Information Systems) and Chief Information Officer (CIO) at Indian Oil Corporation Limited (IOCL). In this capacity, he will spearhead the more...

Rajnesh Singh (IRSME) Appointed As GAIL CVO
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajnesh (IRSME) as Chief Vigilance Officer (CVO) of GAIL India Limited. According to an order issued from the Department of Personnel & Training (DoPT) on February 1, Singh has been appointed to the post for a period upto March 31, 2028, with more...

Sachidananda Maharana To Be Next Director (Finance) Of NRL
Sachidananda Maharana is set to be next Director (Finance) of Numaligarh Refinery Limited (NRL), a division of Oil India Limited (OIL) under the ownership of the Ministry of Petroleum and Natural Gas. He has been recommended for the post by the Public Enterprises Selection Board (PESB) Panel on Saturday. Currently, he is 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]
Russian Crude Flows To India At Risk Of Slowing To A Dribble
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ONGC: Need To Revisit Drilling Choices
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What Am I Missing?
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The Oil Marketing Companies (OMCs) Have Fuelled Inflation
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Foreign Investment
Rolls-Royce And Triveni Engineering Partner Sign MoU On GTGs
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Overseas Investment
Hindustan Petroleum Lubricants Partners With Sea World Lanka
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Gas Scene
India’s Growing Gas Import Dependency
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Domestic Natural Gas Scene in December 2024
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India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024
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Dismal Domestic Natural Gas Scene In November 2024
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India’s Increasing CGD Sales
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India’s Liquefied Natural Gas (LNG) Import: A Total Picture
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Coal Bed Methane Development in India
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Poor Capacity Utilisation of LNG Terminals In India
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CGD Gets The Single Largest Share In Gas Allocation
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Domestic Natural Gas Scene In September 2024
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Decline In Natural Gas Prices Continues In All Major Global Hubs
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Sector-Wise Consumption Of Natural Gas
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Widening Gap Between Targets And Actual Production In Natural Gas
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Amazing Growth In LPG Coverage
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Share Of imported And Domestic Crude In Processing
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India’s Crude Production Falling In Domestic As Well As Overseas Projects
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India’s Refining Capacity as on 1st April 2024
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Petrol & Diesel Prices in India & Developed Countries
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Break-Up Of Petroleum Products Consumption
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Worldwide Active Rig Count 2024
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The Story of India’s steadily Declining Domestic Crude Production
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India’s Exports Of Petroleum Products Decline, Imports Increase Sharply In December 2025
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Production Of Petroleum Products Up By 2.9% In December 2024
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How Much Crude Oil Did Indian Refineries Process In December?
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Marginal Increase In India’s Crude Oil Imports, OPEC Share Up
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Analysis Of The Consumption Trend In Petroleum Products During The Current FY
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Retail selling price of major petroleum products in India & neighbouring countries
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Weightage of Crude Oil, Natural Gas and Petroleum Products In India’s Wholesale Price Index
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Impressive Growth in Diesel, Petrol Consumption In December
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India’s Crude Oil Imports Since FY 2018-19,Year-wise Break Up
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Refining Margins On The Rise In Global Hubs
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Fuel& Loss In Indian Refineries
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Yet Another Downward Revision In Global Oil Demand Growth Forecast
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Tenders [FREE Access]
Cairn Oil & Gas
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