Policy
Oil Demand Projections For 2024: Who Is Closer To Reality, OPEC Or IEA?
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India’s Rising Oil And Gas Imports
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India Scrambles For New Long- Term LNG Deals
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Oil Suppliers Including Russia Resist: India’s Move For Rupee Payment For Crude
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India’s Domestic Crude Production: Predicted To Decline Sharply
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Regulation
Strategic Shift In Operation Of Strategic Crude Reserve
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L&T’s Entry Into DFCU Is Seen As A Significant Development
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Diesel Buses In India On Their Way Out?
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Growing Relevance Of Arbitration In India’s Oil and Gas Industry
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Alternative Energy / Fuel
India’s Expanding Wind Energy Capacity
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New Projects
Foundation Stone Laid For BPCL’s Common User Facility POL Terminal In Jammu
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BPCL To Build Airport-Sited Green H2 Plant
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RenewSys To Invest Rs 60 Billion In Hyderabad
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Market Watch
BPCL Launches First Mobile MAK Adblue Dispenser In Kolkata
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Companies
PT Timas Suplindo
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Pennwhite Ltd Sets Up Indian Subsidiary As Part Of Global Growth Strategy
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Ultraviolette And HPCL Announce Strategic Alliance
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Press Release [FREE Access]
Latest Exclusives

March 1, 2024: India’s power deficit situation continues without much improvement. Power deficit,however, promotes diesel sale. Diesel is used for back-up power generation in a situation of power shortage. Click column Special Database for region-wise power deficit in January.


February 29, 2024: The ministry of petroleum and natural gas calls it a “handsome growth”. According to official data, the growth in petroleum products consumption in January 2024 was 8.3 per cent over the level in January 2023. For details of product-wise growth click column Special Database.

February 26, 2024 | MRPL: Asserting Its Bragging Rights | Which is the largest public sector refinery in India.  MRPL or Kochi Refinery? Kochi Refinery of BPCL has been acknowledged to be the largest on the strength of its installed refining capacity .But last month, MRPL which is an ONGC subsidiary, has come out with a statement that it has become the largest single location PSU refinery in the country. The claim immediately raised some eyebrows. MRPL has its own reason to make such a claim. Right or wrong, a new aggressiveness is seen among PSU refineries which should be encouraged. The very next week, MRPL announced that it had become India's first refinery to attain the prestigious Aerospace Standard AS 9100: a standard prepared by International Aerospace Quality Group (IAQG). In recent months MRPL share price has been rising consistently in the stock market. In the past, PSU refineries shied away from making such claims. Click Free Access column Petro Intelligence to read a comprehensive piece on MRPL’s aggressiveness.
Today's News [FREE Access]
Govt hikes windfall tax on crude petroleum, cuts levy on diesel
March 2, 2024: The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from Rs 3,300 per tonne with effect from Friday. The tax is levied in the form of Special Additional Excise Duty (SAED The SAED on export of diesel, however, has been cut to nil from Rs 1.50 a litre,   more..


Commercial LPG cylinder to become costlier by Rs 25
March 2, 2024: The prices of 19 kg commercial LPG cylinders in India were hiked by Rs 25 on Friday. In Delhi, these cylinders would cost Rs 1,795 apiece to the customers. In Mumbai, the price of this cylinder would be Rs 1,749 apiece. In Kolkata and Chennai, these cylinders would cost Rs 1,911 and Rs 1,960.5 respectively.    more..


ONGC Board greenlights partnership with EverEnviro for nationwide CBG plant setup
March 2, 2024: The ONGC board has greenlit a joint venture with EverEnviro to establish CBG plants nationwide, aiming to diminish India’s dependence on imported gas and elevate domestic renewable energy production. State-owned ONGC plans to collaborate with EverEnviro Resource Management Pvt Ltd, a prominent compressed   more..


PM Modi inaugurates IndianOil’s 518-km Haldia-Barauni crude oil pipeline project developed at about Rs 27.90 billion
March 2, 2024: Prime Minister Narendra Modi has officially inaugurated the Indian Oil Haldia-Barauni crude oil pipeline, a landmark project developed at a cost of approximately Rs 27.90 billion. Spanning 518 kilometers, the pipeline enhances the infrastructure for oil transportation between Haldia in West Bengal and Barauni   more..


HPCL, BPCL, IOC may see further upside despite re-rating, says HSBC
March 2, 2024: Brokerage firm HSBC has further raised price targets on India's state-run oil refiners - Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation Ltd. (IOC). The brokerage believes that despite having re-rated, these stocks still have more room on the   more..


BPCL ropes in Neeraj Chopra as brand ambassador
March 2, 2024: Bharat Petroleum Corporation Limited (BPCL) has is pleased to introduce Olympic and World Javelin Champion Neeraj Chopra as the brand ambassador for their Premium Petrol ‘Speed’. Neeraj Chopra, with his stellar achievements in athletics, epitomizes the essence of winning, performance,   more..


Jakson Green signs its 1st renewable power pact with SECI
March 2, 2024: Energy transition platform Jakson Green on Thursday announced the signing of its first power purchase agreement with Solar Energy Corporation of India (SECI) for a utility-scale solar photovoltaic (PV) power project. This agreement marks a significant milestone for Jakson Green, solidifying its   more..


Servotech secures orders for 1,400 EV chargers worth Rs 1.11 billion
March 2, 2024: Servotech Power Systems Ltd., a frontrunner in the Indian EV charger manufacturing sector, has secured orders for 1,400 DC fast EV chargers from Indian Oil Corporation Limited (IOCL) and various EV charger Original Equipment Manufacturers (OEMs), with the orders valued at Rs 1.11 billion. This development   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
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...

Special Reports
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...

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
Vinod Paremalby Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs. Petrol and diesel 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
Esha Srivastava (IFS) Appointed As JS In Petroleum Ministry
Esha Srivastava (IFS) has been appointed as Joint Secretary in the Ministry of Petroleum & Natural Gas (MoPNG). She has been appointed to the post for an overall tenure of five years or until further orders, whichever is earlier. Srivastava is an Indian Foreign Service (IFS) officer of 2004 batch. Her last assignment was more...

Thomas Elevated To Deputy Sec In Ministry Of Petroleum
George Thomas, has been elevated to Deputy Secretary in the Ministry of Petroleum & Natural Gas. He is a 2015 batch IFS officer. Thomas, was recommended in March 2o22 for Central deputation by the Ministry of External Affairs appointed as Under Secretary in the Mb Petroleum and Natural Gas, under the Central Staffing 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]
MRPL: Asserting Its Bragging Rights
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Halving Of OMCs Budget And Unchanging Petrol And Diesel Prices: Are They Connected?
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Buy Assets In US And Swap Crude With Europe
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Cheap Crude Does Not Benefit PSU Refineries
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Foreign Investment
BW LPG Invests In LPG Storage
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Overseas Investment
ONGC Videsh Subsidiaries In Cyprus And Russia To Be Merged
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Gas Scene
Sector-wise Consumption Of Natural Gas
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Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024
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Near Total LPG Penetration Achieved
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India’s Fluctuating Gas Import Dependency
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Gas Transportation Major GAIL’s Physical Performance
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Region wise Power Supplied vs requirement for January 2024
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Impressive Growth In Petroleum Products Consumption
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Exports, Imports Of Petroleum Products In January Maintain The Normal Growth Pattern
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Analysis of crude oil processed by Indian Refineries in January 2024
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Russia Retains 37% Share In India’s crude imports, OPEC Share Down Further
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Indian Crude Basket Prices In January 2024
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Consumption Growth In Diesel, Petrol, Jet Fuel, LPG
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Fuel & Loss In Indian Refineries
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Tenders [FREE Access]
Cairn India
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