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MoPNG For New Strategy To Attract Foreign E&P Companies
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India Prefers Producing Assets Overseas To Exploration Blocks
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Russian Geologists Can Guide India To New Oil & Gas Discoveries
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Uncertain Future For Petrol And Diesel Vehicles
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Undoing ONGC- HPCL Merger Without Loss Of Face
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Indian Refineries’ Changing Complexity Index
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Drop In LPG Consumption Surprises Petroleum Industry Watchers
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Indian PSUs Unlucky With Heavy Oil Sources
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Status Of Shale Gas And Oil Development In India
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OIL Invites Bidders For 100 MW Of Solar Projects
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Total, EDF Renewables To Launch 700 MW Solar Power Projects In India
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Shelf Drilling Awarded Two New Contracts
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IOCL Lays 3.1 Km-Long Petroleum Pipeline Beneath The Godavari
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PLL-IGL-GSPC To Set-Up LNG Pumps On Delhi-Mumbai Highway
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Shelf Drilling Ltd
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MRPL Q1 Loss At ₹5 Billion
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Gulf Oil India PAT Grows 21.4%
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MyPetrolPump Raises $1.6 Mn In Seed Round
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- Hunting Energy Services & Jindal SAW Ltd. joins hands to provide cutting-edge Premium Connection technology
- ONGC investing Rs 830 billion in 25 projects; cumulative Oil & Gas gain over 180 million tons
- ONGC declares results for Q1 FY’20: Posts Net Profit of INR 5,904 crore; records 3.7% increase in Gas Production Q-o-Q
- ONGC and IndianOil join hands to reduce carbon emission and enhance oil recovery
- ONGC posts highest ever net profit of INR 26,716 crore for FY’19, up by 33.9% YoY
- Public notice on fake job offers in MRPL
- MRPL Annual results for FY 2018-19
- ONGC reaffirms its strong financial position
- Distribution of Letter of Intents for 50 Geographical Areas (GAs) under the 10th CGD Bidding Round
- Petroleum Minister dedicates three mega ONGC projects in Assam to the nation
- 10th CGD Bidding Round
- ONGC CSR work in Jammu & Kashmir recognized by FICCI
- ONGC Q3 FY’19 Results: Net Profit Rs.82.63 billion, up 64.8% QoQ, declares interim dividend of Rs.5.25 per share
- Prime Minister dedicates ONGC’s key east coast project S1 Vasishta to the nation
- MRPL Q3 results
- PETROTECH-2019: 13th International Oil & Gas Conference and Exhibition, New Delhi-NCR, India, 10-12 February 2019
- Energy major ONGC eyes Strategic Roadmap 2040
- ONGC experts bring ‘Pethai’ hit offshore drilling rig in India’s Eastern Coast to normal
- Petrotech to strengthen global oil and gas engagement –Dharmendra Pradhan
- Dr. Alka Mittal takes charge as Director (HR), ONGC
- MRPL: Extract Of Standalone Financial Results For The Quarter And Half Year Ended September 30, 2018
- MRPL Results: Highlights for the Half year (H1 FY19)
- ONGC awards contract for Integrated (SPS + SURF) Work Package for Development of its Mega Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast
- Wild Well Announces New Onsite Rig Crew Training Service
- Ground-breaking ceremony held for Wärtsilä built Hamina LNG terminal
- Drones solving safety challenges within the tank storage industry
- Petroleum Minister visits ONGC Ankleswar Asset; puts well to production
- ONGC receives prestigious FIPI Oil & Gas Awards 2017
- IPOL Lubricants Goes Global
- MRPL 2018-19 Q1 results
- GAIL 2018-19 Q1 results
- Winning Bidders Of 9th CGD Bidding Round
- ONGC Results Q1 FY’19: Net Profit ` 6,144 crore, up 58.1% QoQ
- ONGC conferred with INFRA Icon Award in the ‘Global Energy' category
- ONGC, supported by Indian Navy, braves adverse weather conditions to plug leakage in Offshore Well
- New Sales Director India for Bentec GmbH Drilling & Oilfield Systems (Germany)
- SOPAN to Provide One of the Most Eco- friendly Enhanced Oil Recovery Solutions in India
- MRPL Annual Results
- ONGC drills 503 wells in FY’18 – Highest in 27 years
- Russian Oil Company Russna Oil offers petroleum products
- ONGC fosters Solar Chulha manufacturing to fuel Indian households sustainably
- MRPL wins BML Munjal award for Business Excellence through Learning and Development
- Dharmendra Pradhan Flags Off ONGC’s Ambitious KG-DWN-98/2 East Coast Project
- OTC ASIA 2018: Red Wing Shoe Company Safeguards Oil and Gas Crews in APAC with Lighter, Purpose-Built Personal Protective Equipment
- Black & Veatch named LNG industry EPC Contractor of the Year
- ONGC commits to gender parity on International Women’s Day
- Request for Purchase Enquiry for the Supply of Stainless Steel, Carbon Steel, Alloy Steel. All Other Types Pipes, Pipefitting, Flanges, Sheets, Plates, Coils, Shims, Bars
- ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
- Subhash Kumar takes charge as Director (Finance), ONGC
- ONGC Q3 FY’18 Results: Net Profit Rs. 50.15 billion, up 15.2% QoQ
- ONGC calls for industry level approach to mitigate oil field crises
- HPCL acquisition to make ONGC third largest refining company in India – DD Misra, Director (HR), ONGC
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August 23, 2019: Maximising the share of high sulphur crude in processing has been a deliberate policy of the Indian refineries as it helped them to enhance Gross Refining Margin (GRM). With the US sanctions against Iran and Venezuela, the share of high sulphur crude in total processing which touched an all-time high in FY 2018-19 has dropped significantly in July and April-July 2019. Click column Special Database for details.
August 22, 2019: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) oil prices. It is used as an indicator of the price of crude imports by India. India imports about 84 per cent of its crude requirement. Click column Special Database for price of crude in Indian basket since Fiscal 2002-03.
August 12, 2019 | ONGC-HPCL: A Marriage On The Rocks?: The ONGC-HPCL merger is not considered a prestige issue by the Modi government. Neither Prime Minister Narendra Modi nor Petroleum Minister Dharmendra Pradhan showed any special interest in the merger. But it is now abundantly clear that both ONGC and HPCL are extremely unhappy with the merger. Being public sector undertakings, the managements of these companies cannot be protesting against it. A sensible option before the government, therefore, is to demerge it. Mr Pradhan is a heavy weight in the cabinet and any sensible proposal from him to demerge it is unlikely to be resisted by either finance minister Nirmala Seetharaman or Prime Minister Narendra Modi. www.indianoilandgas.com talked to quite a few acknowledged petroleum and energy experts on the subject. Their views are recorded in the Free Access column Petro Intelligence. Click it for details.
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China, Vietnam Coast Guard Ships Face Off Near Indian Oil Block In South China Sea
August 23, 2019: China has deployed its coast guard ships near an oil block in the Vietnamese EEZ (Exclusive Economic Zone) where India’s state-run Oil and Natural Gas Corporation (ONGC) has been carrying out oil exploration in the South China Sea.
New Delhi-based ONGC Videsh shares interests in the oil more..
France’s Total drops out of HPCL’s second LPG cavern project
August 23, 2019: Hindustan Petroleum Corp. Ltd (HPCL) will go solo in building its second liquefied petroleum gas (LPG) cavern in Mangalore, Karnataka. HPCL, which was in talks with France’s national oil company Total SA to partner in building an underground LPG storage facility, said the French multinational has more..
Essar seeks 12 LNG cargoes for 2020
August 23, 2019: Essar Group is seeking 12 liquefied natural gas (LNG) cargoes for delivery in 2020, three industry sources said on Thursday. The company is seeking one cargo a month, one of the sources said. The tender is closing on Friday, according to a second source. Essar last sought six LNG cargoes for delivery over more..
L&T consortium bags offshore jacket installation project from Saudi Aramco
August 23, 2019: Larsen & Toubro on Thursday said a consortium of its arm LTHE, and EMAS AMC PTE Ltd has been awarded a project by Saudi Aramco for offshore jackets. The project is for installing 28 offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan offshore fields of Saudi Arabia, as per a BSE filing by L&T. more..
HPCL looks to double profits by 2024 with Rs 742 billion expansion in existing, new business
August 23, 2019: Hindustan Petroleum Corporation Ltd (HPCL) is seeking to double its profits by 2024 on the back of a Rs 742 billion investment that focuses on earning higher margins in existing and new business. The future growth of HPCL, according to Chairman and Managing Director M K Surana, “is based on 3-5 more..
AG&P Signs MoU with Chart Industries to Expand the Use of Natural Gas in Emerging Markets
August 23, 2019: Atlantic Gulf & Pacific Company (AG&P), a global industrial infrastructure company that builds, owns, and operates infrastructure assets for the oil and gas, utilities and mining sectors, has entered into a Memorandum of Understanding (MoU) with Chart Industries, Inc. (Chart), a leading manufacturer more..
India’s July petrol imports highest in at least eight years: oil ministry
August 23, 2019: India's July crude oil imports declined from a year earlier, while petrol imports climbed to their highest since at least April 2011, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed on Wednesday. Crude oil imports into the world's third-largest consumer declined more..
Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects
August 23, 2019: The Indian Oil Corporation (IOC) plans to diversify its business verticals and make significant investments to the tune of ₹250 billion ( more..
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Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
 by Maj. Gen. (Retd) S.C. N.Jatar*
|Meeting the Challenge - Fading of 4000-year Old Saga
of Oil: The history of crude oil
is more...
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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...
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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.
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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...
Status of Equity Oil and Gas Overseas
In order to supplement domestic availability of crude oil & natural gas, the Government has been encouraging acquisition of assets abroad. Our oil and gas companies are present in 27 countries with investments of nearly US$ 33 billion.
ONGC Videsh Limited (OVL), which is wholly owned subsidiary and overseas 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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Rajesh Kumar Srivastava Takes Charge As ONGC Director (Exploration)
 Rajesh Kumar Srivastava took charge as the new Director (Exploration) of energy major Oil and Natural Gas Corporation (ONGC) Limited on 2 August 2019. With over 35 years of experience, more...
Karnatka Appointed Interim CMD Of GAIL
 Dr. Ashutosh Karnatka, Director (Projects) has assumed charge as interim Chairman & Managing Director of GAIL on August 1, 2019. He will also concurrently serve as Director (Projects). more...
Harish Madhav Is New Director-Finance Of Oil India Ltd
 Harish Madhav has taken over as Director-Finance on the board of Oil India with effect from 2 August. He succeeds Rupshikha Saikia Borah who superannuated in February. Madhav was earlier Executive more...
S K Gupta Appointed Executive Director At IndianOil
 The government has appointed Sandeep Kumar Gupta to the post of Director (Finance) at IOC. Sandeep Kumar Gupta has more than 3 decades of experience in Finance function in IndianOil. He has worked at Refinery more...
Raghuraj Rajendran Appointed Private Secretary To Petroleum Minister
 Raghuraj Rajendran has been appointed private secretary to Dharmendra PRADHAN, Minister for petroleum and Natural Gas and Steel. He will have the rank of Director. He belongs to the 2004 IAS more...
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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.
To download this full article in PDF, click here |
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ONGC-HPCL: A Marriage On The Rocks?
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Brakes On One Merger; Now Break The Grand Plan
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Modi Govt Gets Ready To Step On The Gas
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Shift Threat Quells Protest Against Aramco’s Giant Refiner
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BP, Reliance JV To Set Up 5,500 Petrol Pumps
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Total Picks Up 50 Per Cent Stake In Dhamra LNG Terminal
more...
Petronas Not Interested In Stake In Bina Refinery
more...
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SBI Seeks Bids For Videocon’s Overseas Oil, Gas Assets
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Trends in Natural Gas Price: Global and Domestic (June 2019)
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Sector-wise Demand And Comsumption Of Natural Gas
more...
Domestic Natural Gas Scene In June 2019
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
more...
Plant Liquefaction Scope Complexity and Capital Investment Factor
more...
Coal Bed Methane (CBM) gas development in India
more...
LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
more...
Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: India’s CGD gas consumption projected to grow by 10%
more...
Global LNG Fleet
more...
Increasing Dependence of Imported RLNG
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Russian Company Gazprom’s Average Gas Production Cost
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Natural Gas Price: Global / India
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India’s Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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CFSR Study Report - Seamless Development of Gas Value Chain
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Percentage share of High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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FOB Price of Indian Basket of Crude Oil
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Oil Demand Remains Sluggish
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Indian Rig Count vs. Indian Basket Crude Price - June 2019
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Indian Basket Crude oil price In July 2019
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Consumption Growth Of Petroleum Products
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Specific Energy Consumption (MBN Number) Of PSU Refineries
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Need to Tweak Renewable Energy Strategy
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An Update of Crude Oil Imports: Volume & Value
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Profit After Tax (PAT) of Indian oil companies
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Indian Refineries: Fuel & Loss in FY 2018-19
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Automobile Sales Continued In Reverse Gear In June 2019
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India Imports More Petroleum Products In June 2019
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Crude Oil Import Drops In June , Sharp Fall In OPEC Share
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Power deficit: Region-wise position for June 2019
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Status of blocks under OALP and DSF rounds (as on 1st April, 2019)
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Distillate Yield of PSU Refineries
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Strategic Importance of Strait Of Hormuz For Asian Crude oil Importers
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Basin-wise PEL & PML under Nomination Regime as on 1st December, 2018
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Indian Rig Count vs. Indian Basket Crude Price
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Shrinking NELP Blocks Under Operation
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Indian crude oil basket price in June 2019 (in $ per bbl)
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Major highlights of ONGC Videsh
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Cash Compensation by Govt. on LPG under DBTL (Rs/ 14.2 kg Cylinder)
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Planned Refinery Capacity Expansion
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