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India Reorganising Its Crude Import Sources
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India’s Petroleum Product Exports Face New Challenges
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IOC Teaming Up With Vitol To Achieve Its Global Ambitions
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Indian Oil Companies Losing Appetite For Overseas Investments
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As Profits Of Oil Marketing Companies Soar, Domestic Retail Prices Remain Unchanged
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89 Oil And Gas Projects In India Facing Delay, Cost Overruns
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India’s First Ship To Ship LNG Bunkering Facility To Come Up At Vizhinjam
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India To Have 3 More LNG Terminals
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Tapping Middle-East Suppliers To Make Up For Sanctioned Russian Crude?
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Transmission Reforms Poised to Unlock Over 200 GW of Renewable Potential
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Aegis Logistics Inks Deal with Aegis Vopak for JNPA Terminal Project
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HPCL Oil Depot Inaugurated
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QatarEnergy Signs 17-year LNG Supply Deal with India’s GSPC
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KIS Group
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GAIL Eyes 134 MMSCMD Volumes By FY‘27, Plans To Bolster LNG Infra
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Alphageo Offshore Services Faces Legal Challenge Over Oil India Contract
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November 14, 2025: India’s Reluctant Initiatives In Shale gas and oil exploration, Click column Gas Scene for details.
November 13, 2025: Refining Margins Up In Global Trading Hubs, click column Special Database for details.
November 12, 2025: Global Oil Demand Growth Forecast For 2025 Remains Unchanged Says OPEC. Click column Special Database for details.
November 10, 2025 | Time To Strike Big Oil Deals With Middle East Majors: The Indian
economy benefited enormously from discounted Russian oil. The price discounts
were steep in the initial phase but have come down in recent months, and are
currently hovering around $1.5-2 per barrel. Should India fret over the loss of
cheap Russian crude? According to experts, India can easily overcome the loss
by revamping its crude buying strategy. The current dynamics of the
international oil market are in a delicate balance. Demand for crude has
started to slow at a time when OPEC producers are looking to gradually increase
oil production. President Trump has been pushing hard for an end to the Ukraine
war - and the latest sanctions against Russia were designed to hobble Putin's
war machine. But here's the thing: If the war in Ukraine ends, oil prices which
have already started to fall will tumble further. Paradoxically, Russian crude
will then flow back into the oil market and Putin will not have to offer price
discounts. This presents a dilemma - as well as an opportunity - for India to
rework its crude buying strategy. As the crude market stumbles, India would do
well to sew up large oil purchase contracts with two or three Middle East
producers from whom it could collectively source a third of its oil
requirement. If India moves quickly and strikes deals with large Middle East
producers, it can also hope to wangle huge price discounts before the oil
market crumbles. Many believe that India could expect to gain bigger price
discounts than Russia is currently offering. India could target deals with
Saudi Arabia, Iraq or UAE. Click Free
Access column Petro Intelligence to
read an insightful piece.
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Hardeep Singh Puri Holds Key Shipbuilding Meetings to Boost India’s Maritime Vision
November 15, 2025: Hardeep Singh Puri, Minister of Petroleum and Natural Gas, visited the state-of-the-art HD Hyundai Heavy Industries shipyard in Ulsan as part of a series of high-level meetings held in Korea on 13–14 November 2025 to strengthen maritime and shipbuilding cooperation.
The more..
Indraprastha Gas Ltd signs pact for natural gas distribution in Saudi Arabia
November 15, 2025: Indraprastha Gas Ltd (IGL), India's largest city gas distributor, has signed a strategic alliance with Saudi Arabia's MASAH Construction Company to jointly develop and operate natural gas distribution networks in industrial cities across the Kingdom.
The agreement marks IGL's more..
NRL Q2 net profit rises to ₹7.2483 billion
November 15, 2025: Numaligarh Refinery Ltd (NRL), a subsidiary of Oil India Ltd, on Thursday reported a standalone profit of ₹7.2483 billion for the July-September quarter of FY'26, up from ₹1.7504 billion in the same period last year, supported by stronger refining margins and higher throughput
more..
ONGC’s KG basin crude output dips to 28K bpd; peak gas expected by mid-2026
November 15, 2025: State owned exploration giant ONGC has witnessed a further decline in crude oil production from its deep-water block in the Krishna Godavari (KG) basin to 28,000 barrels per day (bpd), against the company’s peak output estimates of 45,000 bpd.
Crude oil output from ONGC’s more..
U.S. sanctions strand a third of Russia’s crude exports at sea
November 15, 2025: Nearly a third of Russia’s current seaborne oil export potential is now stuck in tankers as the U.S. sanctions upend crude flows and Russia’s top buyers, China and India, are still struggling to assess the implications of the sanctions, according to JPMorgan.
Russia’s oil more..
Senvion India, KP Group sign agreement to set up 2 GW renewable energy projects
November 15, 2025: Senvion India, a Bengaluru-based wind turbine manufacturer, and KP Group, a Gujarat-based renewable energy solution provider, on Friday said they have signed a framework agreement to jointly develop up to 2,000 MW of wind and wind–solar hybrid projects across multiple states over the next three more..
Indian PSU Oil Companies Open to Collaboration with Korean Firms for LNG and Crude Oil Carrier Ship Production
November 15, 2025: The Oil Ministry has announced that Indian public sector oil companies are willing to collaborate with Korean firms to produce LNG and crude oil carrier ships. This potential partnership aims to enhance India's maritime capabilities in the oil sector, leveraging Korea's shipbuilding expertise. more..
EIL Q2 FY26: Shares surges by 6% despite Net Profit falls by 16.19%
November 15, 2025: State-owned Engineers India Ltd. (EIL) has announced the second quarterly results for the financial year 2025-16. The revenue from operations for the second quarter is standing at Rs 9.21 trillion as against Rs 6.88 trillion in Q2FY25. While the total income of the company is standing at Rs 9.58 trillion more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
 Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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Buy Assets In US And Swap Crude With Europe
By R. Sasankan
The
pecking order in the world of oil and gas has changed dramatically: the US has
grabbed the top spot on the totem pole. One recent report summed up the
development succinctly: "December 2023 witnessed an extraordinary surge in US
LNG exports with shipments 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...
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...
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...
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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
 May 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.
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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...
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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...
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PESB Names Deepak Gupta For GAIL’s Top Post
 Deepak Gupta is set to be the next Chairman & Managing Director (CMD) of GAIL (India) Limited. He has been recommended for the top post by the Public Enterprises Selection Board (PESB). Presently, he more...
PESB Gets Two Members
Two new members have been appointed to the Public Enterprise Selection Board : Alkesh Kumar Sharma (Retd IAS: 1990: KL) and Roop Narayan Sunkar (IRSEE: 1985).
Alkesh Sharma retired as Secretary (Coordination) in the Cabinet Secretariat.
R N Sunkar retired as Member (Infrastructure), Railway Board. more...
ONGC Announces New Compliance Officer
Shashi Bhushan Singh has been appointed as the new Compliance Officer for ONGC, as evidenced by his digital signature on the regulatory filings. Oil & Natural Gas Corporation (ONGC) has reported significant changes in its senior management effective November 1, 2025. Rajni Kant, the Company Secretary and Compliance more...
Gujarat Gas Appoints Manoj Kumar Das as Director & Chairman
 Gujarat Gas Limited has appointed Shri Manoj Kumar Das, IAS, as Additional Director on its Board of Directors, effective November 2, 2025. Das, currently serving as Chief Secretary of Gujarat, brings more...
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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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Time To Strike Big Oil Deals With Middle East Majors
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Petroleum deal-making: Time for samba?
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The Need For A New Indian Oil Monolith
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Why Modi Must Walk The Line - And Not Wilt
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Synergia Energy makes progress at Cambay PSC Project
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Adani Total Gas Reports 16% Volume Growth
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Mitsubishi Corporation Invests In KIS Group
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India’s Reluctant Initiatives In Shale gas and oil exploration
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Restrained Increase In Domestic Natural Gas Price
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Domestic natural gas scene in September 2025 (MMSCM)
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Sector-Wise Consumption Of Natural Gas In India
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India Moves Towards A National Gas Grid
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Domestic Natural Gas Scene In August 2025
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Where Does India Figure Among Top 30 Natural Gas Reserves Countries?
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India’s Growing Compressed Biogas Sector
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Sectoral Consumption of Natural Gas (in %) April 2024- March 2025
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Domestic Natural Gas Scene In July 2025
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Natural Gas Price On The Decline
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Coal Bed Methane Gas Development In India
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Where Does India Figure Among World’s 30 Top Natural Gas Consuming Countries?
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Domestic Natural Gas Scene In June ‘25
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Sector-wise Consumption Of Natural Gas
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Highlights of Domestic Natural Gas Scene In April 2025
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How Much Is India’s Domestic Production Of Natural Gas? How Much Is Natural Gas Consumption And Import Dependency?
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Refining Margins Up In Global Trading Hubs
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Global Oil Demand Growth Forecast For 2025 Remains Unchanged Says OPEC
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Indian Crude Basket Price Down 6.7% Month on Month Basis In October 2025
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India’s Domestic Crude Production In Q1 Of FY’26 In Comparison With Level In Q1 Of FY’25
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India’s Ranking In Various Sectors Of World Petroleum Industry
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A Graphic Presentation Of India’s Energy Basket
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How did India’s petroleum sector perform in Q1 of Current FY ‘26 Compared to Q1 of FY ‘25?
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India’s Power Demand Slows Down In April-September 2025
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India’s Export Of Petroleum Products Down In September 2025, Import Sharply Up
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Analysis Of Crude Oil Processed By Indian Refineries In April - September 2025
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Significant Increase In India’s Crude Oil Imports In September, Russian Share At 37.7%
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Consumption Trend Analysis Of Petroleum Products During Current FY 2025-26
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Shrinking share of domestic crude in petroleum products
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Impressive Growth In Petroleum Products Consumption?
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An Update Of India’s Oil Industry Marketing Infrastructure
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Rise And Fall Of Refining Margins In Global Trading Hubs
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How Prices Moved In Indian Crude Basket In September 2025?
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India’s Crude Oil and Product Pipeline Network Undergoing Significant Expansion
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