Policy
Sharp Differences Over Wisdom Of Creating Fresh Refining Capacity
more...


India May Re-start Acquisition Of Oil & Gas Assets Overseas
more...


Indian Consumer Faces Relentless Rise In Prices Of Petrol, Diesel
more...


COVID-19 Lockdown Brings Down India’s Crude Import Bill
more...


Indian Refineries Make Slow Recovery As Lockdown Being Lifted
more...

Regulation
Blow-Out, Suspension Of Employees, Death, Inquiry Committees
more...


Importance Of 1,656 Km Gas Pipeline for North- East
more...


India To Emerge As Global Major In LNG Regasification?
more...


India Launches Its Maiden Natural Gas Exchange
more...

Alternative Energy / Fuel
SP Infra Sells 5 Solar-Energy Assets To KKR
more...

New Projects
Fugro Secures IRM Contract From Seamec For ONGC Project Offshore India
more...


India To Convert 100 MT Of Coal Into Gas By 2030
more...

Market Watch
IGX Starts With Market Discovered Price Of $ 4.07 Per Unit
more...

Companies
Fugro
more...


RIL Becomes India’s First $150 Billion Company
more...


IGL Q4 Results: Net Profit Up 12% On Higher Gas Sales
more...


Confidence Petroleum Net Profit Declines 75.77%
more...


Asian Oilfields Announces Robust Results For 2019-20
more...

Press Release [FREE Access]
Latest Exclusives

July 8, 2020: While rig count continued to slide in several countries, it rebounded in India in May. Recovering oil prices gave a momentum for companies to resume drilling. Click column Special Database for details.


July 7, 2020: Natural Gas Price Trends: Global And Domestic, click column Gas Scene for details.

July 6, 2020: The Indian basket of Crude Oil represents a derived basket comprising Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries in the ratio of 74.77:25.23 during 2017-18.. Click Column Special Database for Indian Basket Crude Price in June 2020.


June 25, 2020 | A Cry For Change Amid Historical Blunders: Over the years, Indian politicians have been spinning big dreams about reshaping the country’s public sector .The congress party’s finance minister in the 1980s talked about closing down loss making PSUs but managed to close down only Banana Corporation of India which had three employees. The NDA’s finance minister Arun jaitely wanted to merge the country’s oil companies to create a giant corporation but succeeded only in imposing Hindustan Petroleum Corporation Ltd (HPCL) on a reluctant ONGC which helped him bridge the fiscal deficit. Nimala Seetharaman wants to consolidate PSUs and in the process privatise some of them. Oil PSUs are definitely in her scheme of things. There are so many PSUs in the oil sector. One is already identified for privatisation which is necessary to inject competition. There is scope for strategic merger without disturbing the integrated structure of the oil sector. Click Free Access columnPetro Intelligence to read a comprehensive report on the subject.
Today's News [FREE Access]
Analysis: India delaying flight restart to weigh on jet fuel demand
July 8, 2020: Singapore — India has deferred the resumption of international commercial flights until July 31 from its previous announcement of July 15 while also curtailing some domestic flights, marring the prospects of an aviation recovery in the world's second most populous country, and a major jet fuel consumer   more..


Consumers may soon get to chose piped gas suppliers
July 8, 2020: In yet another reform initiative in the oil and gas sector, the government is set to throw open city gas distribution (CGD) networks across the country to competition, allowing participation of more than one player in a circle vying to attract consumers. "We have finalised regulations on   more..


BP to invest $70 million in India’s Green Growth Equity Fund
July 8, 2020: UK-based energy major The British Petroleum Company plc (BP) on Tuesday said it will invest $70 million into the Green Growth Equity Fund (GGEF) in India. The fund, established in 2018, is focused on identifying, investing and supporting growth in zero-carbon and low-carbon energy solutions in the country.   more..


India’s Essar Steel seeks LNG cargoes for 2021-2023 delivery - sources
July 8, 2020: India’s Essar Steel is seeking liquefied natural gas (LNG) cargoes for delivery over 2021 to 2023, two industry sources said on Tuesday.   It is seeking 30 trillion British thermal units (TBtu) for delivery over the three years in a tender which closes on Tuesday, one of the sources   more..


US signs order for first West Coast gas-export terminal
July 8, 2020: The Trump administration on Monday formally authorised exports from a proposed Oregon natural-gas terminal, the first on the U.S. West Coast. Energy Secretary Dan Brouillette signed the order for the proposed Jordan Cove liquid natural gas terminal in Coos Bay, Oregon. Monday's approval for   more..


City gas distribution companies under pressure; MGL, IGL decline up to 5%
July 8, 2020: Shares of city gas distribution (CGD) companies such as Mahanagar Gas (MGL) and Indraprastha Gas (IGL) were under pressure on Tuesday. The shares slipped up to 5 per cent in the intra-day trade on the BSE on Tuesday after Petroleum and Natural Gas Regulatory Board (PNGRB) said the regulation for allowing   more..


LPG export to India remains suspended due to pandemic
July 8, 2020: Export of LPG or liquefied petroleum gas to neighbouring India has remained halted for about three and a half months due to the coronavirus pandemic, market insiders said. LPG export to India has remained suspended since the first day of the nationwide shutdown on March 26, chief executive officer of Omera   more..


Petrol price unchanged, diesel price hiked on Tuesday
July 8, 2020: Pause in petrol and diesel price hike for the last 7 days could not be sustained today (July 7). While petrol prices were not touched on Tuesday, diesel price was hiked by 23-25 paise across most cities in the country. Note that there was no change in petrol, diesel price for the past 7 consecutive days. In   more..

Petropulse / Guest Column
Is the Time Ripe to Launch a Golden Share? New Giant for Overseas Oil Assets
Maj. Gen. S.C.N. Jatarby Maj. Gen. (Retd) S.C. N.Jatar* | Golden Share whose Time has come: Golden Share is an idea whose time has come. "The 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
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.   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. more...

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...

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
Ranganathan Appointed As Director, Marketing at GAIL
E.S. RanganathanE.S Ranganathan has been appointed Director (Marketing), Gas Authority of India Limited (GAIL) till his superannuation on May 31,2023. He will take over the charge on July 1. Ranganathan was MD, more...

AK Jana Takes Over As IGL’s New Managing Director
A.K. RanaAK Jana has taken charge as its Managing Director of Indraprastha Gas Ltd (IGL). He takes over from ES Ranganathan. Jana was Chief Executive Officer of Gail Gas Ltd (a wholly-owned subsidiary of GAIL) engaged in 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]
A Cry For Change Amid Historical Blunders
more...

Create A New Giant To Hold Overseas Oil Assets
more...

ONGC Must Return To Its Roots, Sell HPCL And MRPL To IOC
more...

Life Beyond COVID-19: Scout For Gas Assets
more...

Foreign Investment
BP To Set Up Global Business Centre In Pune
more...

Overseas Investment
L&T Signs MoU With KBR For Building Refineries In Third Countries
more...

Gas Scene
Natural Gas Price Trends: Global And Domestic
more...


Domestic Natural Gas Scene: May 2020
more...


Natural Gas Price Trends: Global & Domestic
more...


Sector-Wise Consumption of Natural Gas In April 2020
more...


Natural Gas Scene in April 2020
more...


Natural Gas Price trends: Global & Domestic
more...


CGD Growth Over The Years
more...


India’s Increasing Gas Import Dependency
more...


Sector-wise Demand And Consumption of Natural Gas - An Update
more...


Surprising Fall In LPG Consumption In February 2020
more...


Capacity Utilisation of LNG Regassification Terminals
more...


Natural Gas Price Trends: Global and Domestic
more...


Natural Gas Price: Global & Domestic (December 2019)
more...


LNG Import, Gas Production and Consumption Since 2007-08
more...


Gas - Import Dependency
more...


Sector-wise consumption Of Natural Gas Since FY 2016-17
more...


LNG is more competitive for transportation distances beyond 1,000km (offshore) and 3,000km (onshore)
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Drilling Activity Rebounds
more...


Indian Basket Crude Price in June 2020
more...


Global Rig Count Declines
more...


Like Crude, Import Of Petroleum Products Too Declined In May 2020
more...


Share Of Domestic Crude Up In Indian Refineries, Total Crude Processed Down In May 2020
more...


India’s Crude Oil Imports Decline In May 2020, OPEC Share Marginally Down
more...


Power supplied and deficit: Region-wise position for May 2020
more...


Petroleum Products Consumption Makes Major Recovery in May, But Significantly Down From 2019 Level
more...


Month-Wise Price Of Indian Crude Basket In Last 5 financial years
more...


Kochi-Mangalore Gas Pipeline To Bail Out PLL’s Kochi LNG Regasification Terminal
more...


Capital Cost, Operating Cost Of Hydrocarbon Blocks In India
more...


Prognosticated Hydrocarbon Reserves of North East India
more...


Shrinking Upstream Activity, Decline In Drilling, Low Crude Prices In April 2020
more...


Ethanol Blending Programme
more...


Hit By Low Crude Price, Indian Drilling Rig Count Falls In April 2020
more...


Prices Of Indian Basket of Crude In May 2020
more...


CFSR Study Report: Suggested Hydrogen Roadmap for India
more...


COVID-19 Impacts Crude Oil Processing, Share of Domestic Crude Up In PSU Refineries, HS Crude Down In April 2020
more...


Import Of Petroleum Products Down In April 2020, LPG Import Up
more...


COVID-19 Brings Down India’s Crude Oil Import, OPEC’s Share Sharply Down in April.
more...


Domestic Oil & Gas Production vis-a-vis Overseas Production
more...


Power supplied and deficit: Region-wise position for April 2020
more...


Indian Drilling Rig Count Up As Global Rig Count Declines
more...


Product-Wise Consumption Of Petroleum Products In Lockdown Month April 2020
more...

Tenders [FREE Access]
ONGC
more...

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