Policy
Untold Story Of India’s LNG Import Growth Potential
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Exploration Acreage Rounds Failed In Finding New Reserves
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Neither Retail Pricing Reform Nor Low Crude Price Benefits Consumer
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Indian Refineries On Recovery Path As Consumption Improves
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Developments Beyond COVOD-19 May Delay BPCL Sale
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Regulation
Anil Agarwal To Delist Vedanta From Indian Bourses
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ONGC’s Tryst With Marginal Fields, 49 Awarded To 7 Cos
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CGD Sector Seeks Excise Duty Exemption, Special Fund Creation
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With Easing Of Lockdown, Natural Gas Demand Picks Up
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Next Phase Of CBM Exploration Begins, Adani To Enter The Race
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Alternative Energy / Fuel
SP Infra Sells 5 Solar-Energy Assets To KKR
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New Projects
GAIL To Commission LNG Pipeline Next Month
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ONGC, NTPC To Partner For Renewable Energy Projects
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Market Watch
LNG Imports Into India
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Companies
Orissa Stevedores
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IOC To Supply Petroleum Products To Bangladesh
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CPCL Records A Net Loss
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CPCL To Raise Rs 10 Billion Through Bonds
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Press Release [FREE Access]
Latest Exclusives
May 29, 2020: COVID-19 has adversely impacted the oil sector very badly. The damage has been very serious in the case of downstream sector with lock down affecting consumption of transportation fuels and consequently the refining capacity utilization. It now appears that the E&P sector too has been hit. Domestic production of oil and registered a significant fall in April. The fall has been only marginal in the case of Indian companies' overseas production. Click column Special Database for details.

May 28, 2020: Power supply situation is important for the oil industry as it influences the sale of diesel. Shortage of power increases the sale of diesel for back-up power generation. Click column Special Database for details region-wise power availability in April 2020.

May 25, 2020 | ONGC Must Return To Its Roots, Sell HPCL And MRPL To IOC: Integrated Oil Company is a much abused term in India. Even chief executives of certain PSU oil companies were heard using this term without understanding the history of India’s oil sector. India has an eminently sensible integrated structure for the oil industry and this is precisely why K.D. Malviya, the visionary petroleum minister of the 1960s, asked ONGC to handover its refinery at Koyali in the state of Gujarat to Indian Oil Corporation. He wanted ONGC to concentrate on oil exploration and production. This strategy led ONGC to a number of significant oil and gas discoveries. ONGC has no commercial discovery for close to five decades. Corruption is one major issue. Who corrupted whom? Fiscal deficit should be the concern of the finance minister and not the petroleum minister. Should ONGC be saddled with HPCL and MRPL? What value addition can ONGC provide to refining imported crude which established players like IOC, BPCL and HPCL cannot. The situation calls for an intervention from the petroleum minister Dharmendra Pradhan, similar to the one Malviya did in 1966. Click Free Access column Petro Intelligence to read an interesting piece.
Today's News [FREE Access]
Govt seeks $520 million from Cairn Oil & Gas; company slaps arbitration notice
May 29, 2020: The government has slapped a $520 million (around Rs 39.41 billion) demand notice on billionaire Anil Agarwal's oil and gas unit Cairn after an audit found alleged discrepancies in cost recovery in the Rajasthan oil and gas fields operated by the company, sources said adding the firm has disputed the demand   more..


Tata Power aims to set up 700 EV charging stations this fiscal
May 29, 2020: Tata Power, India’s largest integrated power company, will invest substantially to expand its network of smart electric vehicle (EV) charging points from around 170 now to over 700 by the end of financial year 2020-21. Under the brand name of Tata Power EZ Charge, the company will work closely with the EV   more..


India may have to sell BPCL shares for less than the best price⁠ as the government needs money
May 29, 2020: The shares of state-owned fuel refiner Bharat Petroleum Corporation (BPCL) were trading at over ₹500 a piece when the government announced that it will sell a little over half the company. Analysts at Prabhudas Lilladher expected the government to make over ₹83,000 crore from the sale. Today, BPCL   more..


In a first, GP Petroleums employees seek salary deferment for two months to support cashflow
May 29, 2020: GP Petroleums Ltd (GPPL), an automotive and industrial lubricant manufacturer's 50 percent employees have sought a voluntary salary deferment of between 10- 40 percent to help preserve the company’s cash flows, amid the economic uncertainty rising due to global pandemic COVID-19. The employees account   more..


GSPC seeks 7 LNG cargoes for 2020-2021 delivery
May 29, 2020: India's Gujarat State Petroleum Corp (GSPC) is seeking seven liquefied natural gas (LNG) cargoes for delivery over December 2020 to June 2021, three industry sources said . The tender closes on May 28, with offers to be valid until May 29. (Source : Reuters)    more..


Government considering to bring natural gas under GST: Petroleum Secretary
May 29, 2020: The Government is considering bringing natural gas under the Goods and Services Tax said Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas. Commenting on the petroleum products that will be brought under GST, Kapoor said, "The first product which we are targeting is gas so if that happens that   more..


Gas sector finds itself in bright spot
May 29, 2020: At a time when most industry sectors in the country are reeling from consequences of the Covid-19 pandemic, the gas sector seems to have found a bright spot. During the lockdown period, when the overall demand for power was down by at least 30% in the country, a different story unfolded for the gas-fired power   more..


Fuel prices may rise by Rs 5/litre after daily revision restarts
May 29, 2020: Be ready to face up to Rs 4-5 per litre increase in the pump price of petrol and diesel next month with public sector oil marketing companies bracing up to restart daily price revision of the two petroleum products after the lockdown is lifted in June. Official sources in public sector oil marketing companies   more..

Petropulse / Guest Column
Why not Self Reliance in Crude Oil? Reforms & Financial Package for Coal is self-contradictory.
Maj. Gen. S.C.N. Jatarby Maj. Gen. (Retd) S.C. N.Jatar* | My article in early April ventured to suggest that India seems to be missing out on the 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...

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...

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
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...

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. more...

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. 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...

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
GAIL Chief Manoj Jain Now Takes Over As Chairman Of Mahanagar Gas
Manoj JainManoj Jain, chairman and managing director of national gas major GAIL, has been appointed as chairman of the city gas distributor Mahanagar Gas Ltd as well. Jain took over as the chairman of Mahanagar Gas more...

Cairn Oil & Gas CEO Ajay Kumar Dixit Ends Term
Ajay Kumar DixitAjay Kumar Dixit, Chief Executive Officer of Cairn Oil and Gas, will end his term at the company helm a little over a year after taking charge. Dixit was appointed as the CEO in mid-April 2019, more...

Chaturvedi Appointed Secretary Of MNRE
Indu Shekhar Chaturvedi has taken over as the new Secretary of the Ministry of New and Renewable Energy (MNRE) from May 11. Chaturvedi has replaced Anand Kumar who has been shifted to the Ministry of Culture. Chaturvedi is a 1987 Batch IAS officer and belongs to Jharkhand cadre. Prior to this appointment, he was serving 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]
ONGC Must Return To Its Roots, Sell HPCL And MRPL To IOC
more...

Life Beyond COVID-19: Scout For Gas Assets
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Time To Ring The Changes
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Pandemic Puts BPCL Selloff In Doubt
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Foreign Investment
Gulf Oil Resumes Silvassa Plant
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CIL Invites Foreign Participation For Development Of CBM Blocks
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Overseas Investment
Total’s Mozambique LNG To Sign $15 Billion Financing In June
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Gas Scene
Natural Gas Price trends: Global & Domestic
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CGD Growth Over The Years
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Domestic Natural Gas Scene in March 2020
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India’s Increasing Gas Import Dependency
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Sector-wise Demand And Consumption of Natural Gas - An Update
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Surprising Fall In LPG Consumption In February 2020
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Capacity Utilisation of LNG Regassification Terminals
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Natural Gas Price Trends: Global and Domestic
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Natural Gas Price: Global & Domestic (December 2019)
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LNG Import, Gas Production and Consumption Since 2007-08
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Gas - Import Dependency
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Sector-wise consumption Of Natural Gas Since FY 2016-17
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LNG is more competitive for transportation distances beyond 1,000km (offshore) and 3,000km (onshore)
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China’s Dependency On Imported Gas Trending Up As Production Lags Behind
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Natural Gas price trends: Global & Domestic
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CNPC’s shale gas target looks overly ambitious
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Domestic Oil & Gas Production vis-a-vis Overseas Production
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Power supplied and deficit: Region-wise position for April 2020
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Indian Drilling Rig Count Up As Global Rig Count Declines
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Product-Wise Consumption Of Petroleum Products In Lockdown Month April 2020
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Capital expenditure of PSU oil companies
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Global Rig Count in March 2020
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Price movements In Indian Basket of Crude in April 2020
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India’s Pipeline Network: Crude Oil, Petroleum Products & Natural Gas
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Analysis of Crude Oil Processed By Indian Refineries In FY 2019-20
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OPEC Share In India’s Crude Imports Down
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Coal Bed Methane Gas Development: An Update
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India’s shrinking self sufficiency in Petroleum Products
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India’s Crude Oil Imports In FY 2019-20: Quantity & Value
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Rising Demand For LPG, Unaffected Even By COVID-19
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Power deficit: Region-wise position for March 2020
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Sales of Passenger Vehicles, Commercial Vehicles & 2-Wheelers Dropped In March As Well
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Update: High Sulphur (HS) & Low Sulphur (LS) Crude Oil Processing
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COVID-19 Effect On India’s Petroleum Products Consumption in March
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Break-up of consumption data (PSU and Private) - An Update
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Distillate Yield of Indian Refineries - An Update
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An Update: India’s Oil Import & Value
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End-Use Analysis Of HSD Sales
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Update: Petroleum Industry Marketing Infrastructure
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Indian Drilling Rig Count In February 2020
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India’s Petroleum Products Export Goes Up Significantly In February 2020
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Price Movements In Indian Basket Of Crude In March 2020
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Tenders [FREE Access]
Petronet LNG Limited
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