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India To Step Up Spot Crude Purchase, Strategic Storage
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Crude Price Fall: Govt. Grabs Windfall, Consumers Left High And Dry
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As LNG Prices Fall, Long Term Deals Turn A Fiasco For Importers
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Falling Consumption, Euro-VI To Further Squeeze Refinery GRM
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Initial Enthusiasm Of Electric Vehicle Initiative Loses Momentum
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Crucial Days Ahead For Cairn As Arbitration Award Date Nears
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Power Sector Holds The Key To Raising Share Of Gas
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ONGC Begins Gas Production From Deep Water KG Block
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Fresh Refining Capacity Becomes Environmental Issue Again
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Ethanol blending programme, supply year* 2018-19 (P)
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IOC Pipeline Projects Nears Completion
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Oil India To Invest Rs 57 Billion On 167 Wells, Pipeline In Assam
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NRL To Set Up Crude Oil Terminal In Paradip
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IndianOil’s 28,000 Fuel Stations Ready With BS-VI Fuel
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Oil India Signs Crude Sales Agreement With Numaligarh Refinery
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Osaka Gas Co Ltd
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Alphageo Bags Order From Oil India
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Welspun Corp Bags Offshore Pipes Supply Contract In Australia
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- Dharmendra Pradhan Calls Relief Package a Step towards responsive Governance in Challenging Times Which Will Provide Relief to Vulnerable Sections
- Dharmendra Pradhan conducts video conference with CMDs of PSUs of Steel and Petroleum companies; Reviews essential supplies and precautionary measures
- ONGC exudes confidence to withstand current volatility; declares 100% interim dividend
- Sercel-GRC Names Alejandro Villa As Global Customer Support Engineer
- COVID-19 Spares Nobody: Mobility Impacts of a Global Pandemic
- Russian oil and gas operators emerge on top despite the plummeting oil prices, says GlobalData
- Reduction in gas flaring benefits producers and the environment, says GlobalData
- Scoop-Stack shale play drilling activity driven by select counties in Oklahoma, says GlobalData
- Deepwater acreage will continue to attract significant company interest through 2020
- Denver-Julesburg Basin to grow production by 10% in 2020, says GlobalData
- US shale supply badly hit by price war and forced to become more resilient
- Scoop-Stack shale production anticipated to increase slightly despite a drop in rig count, says GlobalData
- Thermax displays its edge in technology and sustainability at Boiler India 2020
- Aker Energy issues Letter of Intent to Yinson for FPSO
- China set to dominate Asian refining industry by contributing 44% of new-build capacity growth by 2024, says GlobalData
- Unique Group strengthens APAC presence with acquisition and key appointment
- Australia expected to top oil and gas production in Oceania in 2020, says GlobalData
- India awards world’s largest renewable-plus-storage power project, says GlobalData
- Trump sanctions halt German-Russian gas pipeline project
- Upstream sector led global oil and gas M&A deals in 2019, says GlobalData
- Vienna Alliance Wavers in Face of Coronavirus Threat
- ONGC apprises Vice President of its investments in Andhra Pradesh
- Pemex responsible for Zama’s uncertainty in FID by delaying drilling operations at its portion of the field, says GlobalData
- AG&P, ADNOC Logistics and Services sign agreement for the long-term charter of a Floating Storage Unit (FSU) at the new AG&P LNG import facility at Karaikal Port, South India
- Russia counts on oil production growth even as it agrees to OPEC+ production cuts, says GlobalData
- Gardner Denver scores top ratings in 2020 Oilfield Products Customer Satisfaction Survey
- Dresser Natural Gas Solutions appoints Chris Watkins as Industrial Products Group district sales manager
- UAE's ADNOC to develop huge gas reservoir discovered on Abu Dhabi-Dubai border
- Russian and Norwegian companies to drive oil and gas industry in the Arctic, says GlobalData
- Sandvik Adds New Tube Line at Indian Steel Mill to Boost Capacity and Local Service
- ASCO Double Appointment Reflects Industry Leadership Aim
- ExxonMobil to lead global ethylene capacity additions by 2030, says GlobalData
- North America incurs highest crude oil refinery maintenance globally in 2019, says GlobalData
- National Conclave on Emerging Opportunities in Natural Gas Sector
- Stratagraph appoints William A. Hagan as President And Chief Executive Officer
- ExxonMobil Fuels incurs highest crude oil refinery maintenance globally in 2019, says GlobalData
- Oil and gas companies getting attracted towards enormous resource potential of the Arctic region, says GlobalData
- RefComm® Galveston 2020 Provides Unrivaled Access to Refinery Optimization, Safety, New Tech, & Best Practices
- Gardner Denver field trials new Thunder 5000 HP Quintuplex pump
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March 27, 2020: Crude Oil Imports Total And Region-wise, click column Special Database for details.
March 26, 2020: India is perceived to be a market with great potential for increased LNG supplies. But the capacity utilization of existing LNG regasification terminals do not endorse this. Except for the two terminals in the state of Gujarat which are utilized to the full, other terminals present a dismal performance in terms of capacity utilization on account of various factors. Click column Gas Scene for details.
March 25, 2020 | Putin Plays An Ace To Ruff Trump’s Hand: When friends turn foes, their battle can be bitter. Saudi Arabia has never been politically close to Russia and Russia is not even a member of the oil cartel, OPEC. But being major oil producers, Saudi Arabia and Russia have been consulting each other and jointly working out the strategies for the oil market. They have now fallen out sending prices on a perilous downward course. Vladimir Putin does not talk much and remains resolute once a decision is taken. Saudi Arabia, annoyed by Putin’s decision not to cut crude production, is now flooding the market with its crude. It is really a battle between Donald Trump and Putin. Trump has been throwing every one off balance. Putin seems to be giving to his growing wrath. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.
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COVID-19 lockdown: Auto fuel consumption less than halves; no shortage of stock, say oil majors
March 28, 2020: MK Surana, Chairman and Managing Director at Hindustan Petroleum Corporation Ltd, said: “Petrol sales are down to 45 per cent while diesel sales are at 40 per cent compared to an average day. Sales may reduce further as the lockdown continues and there are lesser people on the roads.”
more..
LNG tankers build up around Indian ports after force majeure
March 28, 2020: At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.
Gas demand is falling globally amid the fast-spreading more..
Reliance seeks to sell Mideast crude cargoes in rare move
March 28, 2020: The move comes as refiners across the world are considering deeper run cuts at their plants on mounting losses as measures taken by governments to prevent coronavirus from spreading have slashed fuel consumption
Reliance, controlled by billionaire Mukesh Ambani, has offered various grades of more..
IEA says global oil demand could drop 20 per cent as 3 billion people in lockdown
March 28, 2020: Global oil demand could dive by 20 per cent as 3 billion people are in a lockdown because of the coronavirus outbreak, the head of the International Energy Agency (IEA) said on Thursday as he called on OPEC leader Saudi Arabia to help stabilise oil markets.
"Today, 3 billion people in the more..
India lockdown: Indian gasoline exports to put North Asian suppliers in jeopardy
March 28, 2020: India’s decision on Tuesday to lock down over a billion of its people could pose a grave threat to South Korean and Chinese gasoline exporters as a potential downfall in South Asia’s motor fuel demand would lead to excess Indian supplies flooding the Asian market.
The lockdown, which more..
Petrol, diesel price cut only by ₹2 this month while crude oil rates halved
March 28, 2020: For the 11th consecutive day today, state-run fuel retailers chose not to decrease the prices of petrol and diesel. Brent crude oil rates have made four consecutive weekly losses and so far this month the international prices have fallen by about 45%. However, the steep decline in crude oil rates have not more..
India lockdown: Weak demand to hurt bunker industry; LSFO prices fall 15%
March 28, 2020: India's bunker prices have declined sharply by as much as 15% due to a slump in demand as the country grapples with the deadly coronavirus pandemic by imposing a nationwide lockdown including ports.
Bunker suppliers in India have seen marine fuel enquiries drop sharply in recent weeks, and more..
India’s Haldia shuts naphtha cracker after ports declare force majeure
March 28, 2020: India's Haldia Petrochemicals has shut its naphtha cracker, a person familiar with the matter said, after ports in the country declared force majeure to prevent the spread of the coronavirus.
The petrochemical maker operates a 670,000 tonnes per year cracker, which on average would need more 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...
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...
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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.
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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...
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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...
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Sanjiv Singh Retiring In June
 Sanjiv Singh, Chairman and Managing Director (CMD) of Indian Oil Corporation is Retiring in June on completion of his term. He was appointed CMD with effect from June 1, 2017. Concurrently, he is also more...
Shankar Will Be Next Director, Technical, CPCL
The public-sector head-hunter (PESB) has selected H Shankar for the post of Director (Technical), Chennai Petroleum Corporation Limited (CPCL). Presently, he is working as General Manager, Indian Oil Corporation Ltd. The post has fallen vacant in September 2020 with the retirement of the outgoing Director R Srikanthan. 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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Putin Plays An Ace To Ruff Trump’s Hand
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Urals Gambit: Putin’s Strategy To Conquer Indian Market
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Time To Repudiate The Crooked Rasgas Deal
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Bombay High’s Tale Of Woe: Short Shrift For Local Talent
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HPCL Commissions Its First Petrol Pump In Bhutan
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Air Products To Provide LNG Technology For Mozambique Onshore Project
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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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Sector-Wise Consumption of Natural Gas In January 2020
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Domestic Natural Gas Scene in January 2020
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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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LNG Has Relatively High Emission Intensity In Some Cases
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Global and Domestic Natural Gas Price Trends
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Asia’s (excluding China) gas production remained flat from 2010
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Evolution of natural gas consumption in India
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Region wise percentage share(%) of crude oil during April 2019 -February 2020
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Domestic Oil & Gas Production Vis-À-Vis Overseas Production
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Update: Gross Refining Margins (GRM) of refineries
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Update: Coal Bed Methane (CBM) gas development
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Total subsidy/under-recovery on petroleum products & natural gas
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Operating And Under-Construction Nuclear Power Plants In India
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Indian Drilling Rig Count In January 2020
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BPCL’s E&P assets overseas and within the country
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Prices in Indian Basket of Crude In February 2020
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Role of coal in energy supply and power generation in 1971-2017
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Realignment of India’s Crude Oil Imports
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Auto Sector Continues With Dismal Performance In January 2020
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Domestic LPG Scene As On January 1, 2020
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Update: Production Vis A Vis Consumption Of Petroleum Products
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Update: Consumption Growth of Petroleum Products for the last ten years
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Power Deficit: Region-Wise Position For January 2020 (% Deficit)
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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