Policy
Slide In Crude Price Continues, A Low Of $60/Barrel Possible
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Russian Crudes’ Consolidation May Face Challenge: Indian Refineries’ GRMs Sink With Shrinking Russian Crude Discount
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India And Brazil To Enhance Cooperation In Petroleum Sector
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Some Dividends Earned By Indian Oil Companies Remain Stuck Abroad
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MRPL, RIL Q 2Results: The Shape Of Things To Come For All Oil Marketing Players?
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Regulation
ONGC’s Calculations Behind Stake Hike In OPaL
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ONGC Out To Prove That Small Is Beautiful In Natural Gas Sector
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Eluding Share Target For Natural Gas In India’s Energy Mix
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Oil India’s Initiative To Opt Out Of Arbitration Being Appreciated
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Alternative Energy / Fuel
India’s Ambitious Targets In Alternate Energy
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New Projects
CPCL Plans A Desalination Plant
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Gensol-Matrix Consortium To Build India’s First Green Hydrogen Steel Plant
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Market Watch
BPCL Launches Commercial Use Of Indigenous FCC Bottoms Cracking Additive
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Companies
Gensol Engineering Ltd
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EIL Secures New Business Of Rs 46.81 Billion
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Everenviro And Indian Oil Corp To Form Joint Venture
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Press Release [FREE Access]
Latest Exclusives

November 8, 2024: Power supply situation influences diesel sales. Power deficit regions promote diesel sale as it is required for backup power generation. In September, the peak power demand was unusually high but successfully met, says Central Electricity Authority. Click column Special Database for details.


November 7. 2024: In the natural gas-starved India, gas allocation is done by the ministry of petroleum and natural gas on the basis of a priority list. The CGD sector gets the largest share followed by power. Click column Gas Scene for sectoral allocation of gas during the current fiscal April-September 2024-25.


October 25, 2024 | Natural Gas: Elusive Target Poses A Dilemma | Noble intentions are often smothered by harsh ground realities. Back in 2016, the Government of India set for itself an ambitious target by seeking to raise the share of natural gas in the energy mix to 15 per cent by 2030. At that time, the share of gas was wallowing around 6.43 per cent. Since the goal was articulated, the needle has not moved by much. The share of natural gas is not rising as fast as planned. So far, it has risen to just 6.7 per cent. At the current pace of growth, it may not be possible to achieve the 15 per cent target even by 2050. There is no precise estimate of the country’s real demand for natural gas. True, India has been meeting half the market demand through imported LNG. The country’s actual demand is far greater than what the imported LNG meets. Why then is the country shying away from LNG when there is no shortage in the market? Click Free Access Column Petro Intelligence to read an exciting piece.

Today's News [FREE Access]
Gas Ramp-Up From ONGC’s KG-Block Further Delayed; Likely To Start From Next Fiscal
November 8, 2024: The ramp-up of gas production from Oil and Natural Gas Corp's (ONGC's) flagship KGDWN 98/2 deep water offshore exploration and production block is further delayed due to supply concerns, according to a person in the know. It is now expected to start from May-June next year, this   more..


India’s Fuel Demand Rises 2.9% YoY In October
November 8, 2024: India’s fuel demand rose 2.9% in October compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday. Consumption of fuel, a proxy for oil demand, totaled 20.04 million metric tons, the data showed.    more..


Petronet LNG to pay Rs 7 DIVIDEND per share; Nov 8 record date
November 8, 2024: Petronet LNG Dividend: Petronet LNG is a public sector undertaking (PSU). Petronet LNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. The company has announced an interim dividend of Rs 7 per   more..


Greenzo Energy gets Rs 5 billion order in Nepal for 120 MW solar project
November 8, 2024: Greenzo Energy on Thursday announced securing a Rs 5 billion order in Nepal to set up a 120 MW solar project. With this, the company said its current order book stands at Rs 19 billion. In a statement, Greenzo Energy said it has secured a major project to develop a 120 MW   more..


New regime may benefit India on oil, Ukraine deal
November 8, 2024: Broad promises made by the Trump 2.0 campaign to Americans including on quelling inflation may favour India as they could soften oil prices and lead to an early end to the Ukraine-Russia conflict, officials said adding that the new regime may revive India-US tariff negotiations providing opportunities for   more..


India to boost energy storage 12-fold to 60 GW by FY32
November 8, 2024: India’s energy storage sector is set to grow by over 12 times to 60 GW by FY32, driven by a massive increase in variable renewable energy (VRE) and the need to maintain grid stability, according to an SBICAPS report. With VRE set to triple by 2032, India’s power grid requires advanced storage   more..


Indian Gas Exchange Trades 8M MMBtu Gas in Oct 2024, Up 160% MoM
November 8, 2024: The Indian Gas Exchange (IGX) traded 8 million MMBtu (201 MMSCM) gas volume in October’24, higher by 160% on MoM basis. Decreased APM gas allocations to the CGD sector and high global LNG prices have contributed to increased trade volumes. GIXI for October 2024 was Rs 1098/$13 per MMBtu,   more..


Further Challenges Ahead for Russia’s LNG ‘Shadow Fleet’ as Panama Cancels Vessel Registrations
November 8, 2024: Russia’s nascent LNG shadow fleet continues to encounter choppy waters. Following the de-flagging of several vessels by the island nation of Palau earlier this fall, Panama now followed suit. The world’s largest registry is pulling the registration of four LNGC newbuildings involved in   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...

Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan Parliamentarians in India have a heart-warming desire to shape public policy; the trouble is that in their eagerness to do something - anything - they can allow the nobility of their intention to smother the practicality of their proposed interventions. In their zeal 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...

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
EET Fuels Appoints Nayyar To Its Board Of Directors
Naresh NayyarEET Fuels (the trading name of Essar Oil (UK), is pleased to welcome Naresh Nayyar back to the Company’s Board of Directors as Non-Executive Director. The appointment was agreed on 2 October more...

Gulf Oil Lubricants Appoints Abhijit Kulkarni—CCO
Gulf Oil Lubricants India Limited has informed that Mr. Abhijit Kulkarni - Chief Commercial Officer has been appointed as a Senior Management Personnel (SMP) of the Company with effect from 21 October 2024. He brings extensive experience in Strategy, Business Operations, P&L Management and is expected to significantly more...

NTPC Renewable Energy Names Pushpendra Tyagi As CFO
Pushpendra TyagiNTPC Renewable Energy Ltd has appointed Pushpendra Tyagi as its new Chief Financial Officer (CFO). NTPC Renewable Energy Ltd is a wholly owned subsidiary of NTPC Green Energy Ltd which in turn is more...

New Era Cleantech Appoints Rakesh Kumar As Chief Business Officer
New Era Cleantech, India's first integrated gasification plant with carbon capture and utilization, has appointed of Rakesh Kumar as Chief Business Officer. Rakesh Kumar, MBA Finance, brings with him a wealth of experience, having worked for 36 years in the energy (Oil, Gas, Power including Renewables, Coal, and Lignite) more...

Mott Macdonald Has Appointed Ruturaj Govilkar As MD - South Asia
Ruturaj GovilkarHe will be responsible for further strengthening the consultancy’s capability in the delivery of strategic infrastructure and advisory projects for key clients. He succeeds Ashley Taylor, 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]
Natural Gas: Elusive Target Poses A Dilemma
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ONGC: A Crying Need To Return To The Basics
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Reading The Tea Leaves on Crude Oil Prices
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India Needs To Reboot Its Crude Oil Sourcing Strategy
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Foreign Investment
Sembcorp Industries Bags 150 MW Wind-Solar Hybrid Project By Subsidiary
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US Firm Partners With L&T To Provide Clean Energy Solutions Globally
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Overseas Investment
India Sets Ambitious Target Of 40 Mmtoe From Overseas Assets
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Gas Scene
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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Domestic Natural Gas Scene in July 2024
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Fall & Rise In Domestic Natural Gas Production
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India’s Increasing Gas Import Dependency
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How Much Natural Gas Did India Consume During April-June 2024?
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What Precisely Is Wrong With Fixing Of Natural Gas Production Targets?
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Peak Power demand In September Successfully Met
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Big Jump In Export Of Petroleum Products In September 2024
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Analysis Of The Type Of Crude Processed, Sector-Wise Refiners In September 2024
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India’s Crude Oil Imports Up By 6 % In September, Russian Share Stands At 41.3%
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The Rising Demand For Banned Petcoke
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India’s Crude Refining Capacity Vs Crude Processing
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Sector-wise, Month-wise Consumption of RLNG, Domestic Gas in April – August 2024
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Analysis Of Petroleum Products Consumption Trend During FY ’25
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India’s Rising Distillate Production Looks A Deliberate Strategy
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Rising Worldwide Active Rig Count
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India’s Steadily Declining Domestic Crude Production: A picture From FY 2015-16
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Auto Sector Growth In India’s Booming Economy Behind Robust Sales In Petrol
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Petroleum Products Consumption Registers De-growth In September 2024
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Domestic Share In Petroleum Products Consumption Touches A New Low
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Sharp Decline In Gross Refining Margins Of Public Sector Refineries During April-June Quarter
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Price Build Up Of Petroleum Products-Petrol, Diesel
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Petroleum Sector’s Revenue Contribution To Union/State Governments
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World Oil Demand Growth Forecast For 2024, 2025 Revised Down
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How Indian Crude Basket Prices Moved In September?
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Analysis Of Petroleum Products Consumption Trend In FY 2024-25
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What Pushed Down Diesel Consumption In Rapidly Growing Indian Economy?
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Petroleum Products Consumption Suffers De-growth In August 2024
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Export Of Petroleum Products Drops Sharply In August, Import Marginally Down
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