Policy
OPEC Decision To Raise Crude Output: Who Influenced Whom?
more...


Saudi Aramco -ADNOC Petroleum Retailing Looks Distant
more...


Technically Indian Refineries Can Do Without Iranian Crude
more...


Govt. Goes Back On Its Commitment To Unbundle Gas Sector
more...


Green Signal For Restructuring ONGC’s Subsidiary Cos
more...

Regulation
ONGC To Tap Conventional Plays, Onshore & Shallow HP/HT
more...


Oil India Excited Over Latest Gas Discovery In Andhra
more...


Delhi Government Announces New List Of Approved Fuels
more...


Status of Shale Gas And Oil Development In India
more...

Alternative Energy / Fuel
Bio Ethanol, Bio CNG To Be Produced From Paddy Straw
more...


Lightsource BP Finishes 60-MWp Solar Project In India
more...

New Projects
Trelleborg Supplies Suite Of Solutions To India’s First FSRU-based LNG Terminal
more...


RIL’s Butyl Rubber Plant To Be Commissioned In 2018
more...

Market Watch
Dorf Ketal Launches New Brands For Fuels Retail Market
more...


GP Petroleums Targets South India For Increased Repsol Lube Business
more...

Companies
Trelleborg Group
more...


High Court Stays Extension Of PSC Contract With Vedanta
more...


Confidence Petroleum Opens 3 Auto LPG Dispensing Stations
more...

Press Release [FREE Access]
Latest Exclusives

July 20, 2018: Fiscal 2017-18 was a highly profitable year for oil and gas companies in India. All except BPCL and MRPL made significant Profit After Tax (PAT) during the fiscal. Click column Special Database for an update.


July 19, 2018: India's gas sales comprise domestically produced gas and Re-gasified (R-LNG). Click Column Gas Scene for month-wise, sector-wise consumption of domestically produced gas and R-LNG from April 2017 to March 2018 which is fiscal 2017-18.


July 18, 2018: The previous exploration acreage round, New Exploration Licensing Policy (NELP), launched in the 1990s cannot be called a total failure. Though no commercial field could be discovered, it did add to hydrocarbon reserves through quite a few small and marginal fields. Of the 360 blocks offered through nine rounds, majority had been relinquished but quite a few are still under operation. Click column Special Database for an update.

July 17, 2018: India's LNG imports have been increasing consistently over the years. LNG's share in the total sales of domestic gas was around 29 per cent in fiscal 2007-08. Rising consistently, LNG's share touched an all-time high of 51 per cent in 2017-18. Click column Gas Scene for details.


July 10, 2018 | Kowtowing to Trump: If you are not totally with me, you are against me. This seems to be the Trumpian doctrine in international relations. He does not care for the equivocations of fence-sitters. European allies differ with President Trump on the issue of scrapping the nuclear deal with Iran, but they haven’t summoned up enough courage to challenge the re-imposition of sanctions against Iran. China has begun to retaliate against trade war unleashed by Trump but the speed and manner of its retaliation is no match for Trump’s fury. India has been caught in a cleft stick. Indian refineries stand to benefit by processing Iranian crude but the government will not like to defy the sanctions re-imposed by the Trump administration. Refineries will not be starved of crude oil but their refining margins will shrink. India has moved closer to USA since the signing of the nuclear deal when George Bush was the US president and Manmohan Singh India’s prime minister. Iran crude will not reach Indian refineries till the sanctions against Iran are lifted. Click Free Access column Petro Intelligence for a comprehensive story on the subject.

Today's News [FREE Access]
Germany asks India to continue buying oil from Iran
July 20, 2018: In an a rare development, Germany has called US pressure exerted on its allies to comply with sanctions on Iran “irritating, to put it mildly” and expressed hope that India will continue buying oil from Iran. In an exclusive interview with an Indian TV channel, Neils Annen, the German minister of   more..


Indian Oil Corp, BPCL, Adani top bidders for gas retailing licences in cities; 400 bids received for 86 permits
July 20, 2018: Indian Oil Corporation (IOC) and Bharat Petroleum Corp Ltd (BPCL) as well as billionaire Gautam Adani's group were the top bidders for gas retailing licences in the country's biggest city gas distribution (CGD) bid round. Of the 86 cities offered for retailing of CNG to automobiles and piped cooking gas   more..


RIL in talks to borrow $2.5bn from overseas market to refinance debt
July 20, 2018: Mukesh Ambani-controlled Reliance Industries is in talks with banks to raise up to $2.5 billion in loans from overseas market as it steps up pace of investments in telecom and retail businesses, four people familiar with the matter said. RIL is negotiating with more than a dozen banks to arrange the loan in   more..


India squashes LNG shortage drivel
July 20, 2018: India’s renegotiated gas import deal with Russia’s Gazprom will save between Rs 85 billion and Rs 95 billion over the contract period ending 2040, Oil Minister Dharmendra Pradhan said today. State-owned gas utility GAIL India Ltd had in January taken advantage of the Russian company’s   more..


IOCL asks CBI to investigate gangster’s link with petrol pumps
July 20, 2018: The Indian Oil Corporation Limited (IOCL) has sought a probe by the Central Bureau of Investigation (CBI) into alleged irregularities in allotment of two retail outlets in Odisha to the family of a gangster, who is now behind bars. The IOCL had been asked to send a report on the issue after the matter regarding   more..


India’s dirty secret is an oil market headache
July 20, 2018: What do you do when your dumping ground cleans up its act? That’s the problem confronting the oil market as the global shipping industry starts implementing regulations to limit its consumption of sulfur, a common impurity in crude that can cause respiratory problems and acid rain when it’s burned.   more..


Oil companies: A value buy in Indian markets
July 20, 2018: Indian markets have been the fancy of investors from early 2014 onwards. However, while this rally has stayed strong over the last four years, clouds over the public sector banks (PSBs) due to growing NPAs have resulted in a significant loss of value for the public sector undertakings (PSUs) sector at large,   more..


India’s demand for oil is strong, says Philip Verleger
July 20, 2018: India's demand for oil is strong and the country is trying to figure out how to deal with Iran sanctions, said Philip Verleger, president at PKVerliger. Oil prices on Thursday extended gains from the previous session, buoyed after official data showed that US inventories of gasoline, diesel and heating oil   more..

Petropulse / Guest Column
Overhaul Energy Strategy Introduction
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)C.N. Jatar, (Retd)*| “Climate Change” is a major challenge facing the fossil fuels industry today. Globally fossil fuels supply more than 75 per 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
Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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
May 21, 2018: 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
May 18, 2018: 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.
May 14, 2018:  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 more...

Status of Equity Oil and Gas Overseas
May 10, 2018: 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 more...

Rooftop Solar-Generating Power where it is used adding to reliability of power
April 20, 2018: Fossil Fuel industry is facing a serious threat from Solar Energy which has been growing at an amazing speed in recent months. The Baroda-based, Centre for Fuel Studies & Research (CFSR) has come out with a report: “Rooftop Solar-Generating Power where it is used adding to reliability of power”. The Report should be more...

Successful Refinery Performance Improvement Program
April 13, 2018: A number of public refineries in India are fairly old with out-dated technologies. Instead of scrapping them, the public sector companies have been upgrading technologies of these refineries .The result is claimed to be highly positive. The Centre for High 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
McDermott Appoints Samik Mukherjee as COO
Samik MukherjeeMcDermott International, Inc. has appointed Samik Mukherjee to serve as the company's new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. As the COO, Samik more...

Tenure Of Director (Finance), OIL Extended
Roopsikha Saikia BorahThe ACC has extended the service tenure of Ms Roopsikha Saikia Borah w.e.f. 01 October 2018 till superannuation i.e. 28 February 2019. Currently she serves as Director (Finance) Oil India more...

Bhatia Selected For Director Post In EIL
Sunil BhatiaThe PSEB has selected Sunil Bhatia for the post of Director (Finance), Engineers India Limited. Altogether Seven candidates appeared before the board for selection interview. Sunil Bhatia is CFO of more...

Kreuz Subsea Appoints Director Of Diving And ROV Operations
Jerry StarlingGlobal integrated subsea services business, Kreuz Subsea, has appointed Jerry Starling as director of diving and remotely operated underwater vehicles (ROV) operations. In his new role, Starling will 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
Kowtowing to Trump
more...

Kuwait Prefers A Distance From Saudi
more...

Gridlocked Gas Grids: The Great Indian Tragedy
more...

Popular Angst: From Nadigram To Ratnagiri
more...

Foreign Investment
Vedanta Resources To Delist From LSE
more...

Overseas Investment
Indian Companies To Invest In UAE
more...

Gas Scene
Month-Wise, Sector-Wise Consumption of Domestic Gas, R-LNG 2017-18
more...


LNG imports have consistently increased over the years
more...


15% Share of Gas in Primary Energy Mix – What it Translates to
more...


Sectoral Consumption of Natural Gas in May 2018
more...


Domestic Natural Gas Scene In May 2018
more...


Salient Features of LPG Profile In Fiscal 2017-18
more...


Approved LNG Export Facilities
more...


Update: CGD Factsheet as of April 2018
more...


International Gas/LNG Prices and Domestic Gas Price
more...


CGD Sector’s Projected Growth In Coming Years
more...


Update: Source-Wise LNG Imports and List of Importers in February 2018
more...


Sector-wise Gas Consumption of Domestic Gas and RLNG in January 2018
more...


A National Gas Grid Still Far Away, But Making Progress
more...


India’s Cautious Shale Exploration
more...


Gas Sourcing & Sector Wise Supply – up to Q3 FY 2018
more...


CNG/PNG: Attractive Fuel Economics
more...


PNG Status As On October 1, 2017
more...


CNG activities in India as on 1st October, 2017
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Update: Profit After Tax (PAT) of oil companies
more...


Status of blocks under NELP (as on 1st April, 2018)
more...


Retail Selling Price (RSP) & % of taxes in RSP of petrol and diesel in developed countries vis-a-vis India
more...


Retail Selling Price (RSP) of major products in India & neighbouring countries
more...


Break up of Central excise duty on petrol & diesel (effective on 2nd February, 2018)
more...


Share of taxes in Retail Selling Price (RSP) of Petrol & Diesel in Delhi
more...


Fuel & Loss in Indian refineries in fiscal year 2017-18
more...


New Petrochemical Complexes and Estimated Feedstock requirement
more...


Update of Distillate yield of PSU refineries
more...


Update Of Hydrocarbon Reserves In India
more...


Power Situation in May, 2018
more...


India’s Import Of Petroleum Products Down in May, Up In April-May 2018
more...


India’s Crude Oil Imports Region-wise In April- May 2018
more...


Gross Refining Margins (GRMs) of Indian refineries during FY 2017-18
more...


IOC’s market share in pipelines, capacity utilisation and pipeline throughput
more...


Fuel-wise installed capacity of electricity generation in India as of Dec 2017
more...


Update - ONGC Overseas Assets
more...


Update: IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
more...


ONGC Group: Reserves April 1, 2018
more...


BPCL’s Indian and Global E&P Blocks
more...


Feedstock & Logistic cost
more...


Falling Solar Generation Costs
more...


Refinery-wise Naphtha Production
more...


Burgeoning Gap in Petrochemicals in India
more...


Shrinking Share Of Domestic Production In India’s Petroleum Products Consumption
more...

Tenders [FREE Access]
Mahanagar Gas Ltd
more...


ONGC
more...


ONGC
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved