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Why Russian Crude When Ample Supply Available Nearby?
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External Environment Deteriorates As BPCL’s Strategic Sale Nears
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IEA Projects Doubling Of Oil Demand In India By 2040
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Policy On Divesting Public Sector Oil Companies
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Refineries To Maximise Diesel Exports To Avert Throughput Loss
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ONGC Monetizes 8 Marginal Fields, More In Offing
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Shale Exploration: To Abandon Or Not To Abandon Is the Question
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Domestic Crude Production Declines, Overseas’ Edges Up
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IOC’s Panipat Refinery Produces Special Grade Diesel
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ONGC Floats Tender For A 15 MW Solar Project
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OIL Starts Exploration Activities In Rajasthan Siyasar Block
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KBR’s Proprietary Technology Selected For Refinery Modernization Project
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IndianOil To Set Up 2G Ethanol Plant
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IndianOil Bottling Plant To Enhance Storage Soon
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Essar, Adani, GAIL Buy Bulk Of Reliance Gas
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NGC Energy
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Petronas Strengthens Presence In India
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Petrofac Recruits 60 Indian For Its Global Graduates Programme
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Adani Gas Q2 Net Doubles To Rs 1.2 Billion
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Asian Oilfield To Acquire Majority Stake In Optimum Oil And Gas
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- ONGC awarded Oil & Gas Exploration Company of the Year 2019 by
FIPI
- ONGC raises USD 300 million 10-year bond at coupon 3.375%, lowest by any Indian issuer
- ONGC declares results for Q2 FY’20
- MRPL resumes Phase-3 refinery operations
- ONGC is the Best in Operational Performance: ICC PSE Excellence Awards 2018
- ONGC CMD Shashi Shanker is Distinguished Fellow of Institute of Directors
- ONGC sweeps Dun & Bradstreet PSU Awards, bags 4 in Maharatna category
- 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
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December 6, 2019: Global and Domestic Natural Gas Price Trends, click column Gas Scene for details.
December 5, 2019: Natural gas production within Asia (excluding China) is gradually diminishing and is likely on a long-term structural decline, discouraging the development of new intra-region pipeline gas connections. The Trans-ASEAN gas pipeline project has made little progress in recent years due to a lack of stable feed gas supply from Indonesia while the fate of the TAPI pipeline that was meant to bring gas to India from Turkmenistan remains uncertain. Click column Gas Scene for details.
December 4, 2019: For 2019, non-OPEC oil supply growth forecast for 2019 was revised down by 0.16 mb/d to reach 1.82 mb/d y-o-y, primarily due to downward revision in oil production in the US, Norway and the UK, which outpaced upwards revision in Kazakhstan and China. In 2019, world oil demand is anticipated to grow by 0.98 mb/d y-o-y, with total world consumption to reach 99.88 mb/d and 100.88 mb/d in 2020. Click column Special Database for details.
November 25, 2019 | BPCL Selloff: Indian Oil Corp Holds The Key To Price Bid | It is an extremely bold decision on the part of the Modi government to sell its stake in Bharat Petroleum Corporation Ltd (BPCL) to a foreign oil major. Its calculation is that the strategic sale can result in an attractive price for the stake and also bring about competition in the domestic market. The market conditions, however, do not look all that attractive these days but considering the fact that India is the only attractive market left for these oil majors, there can be a competition among them for BPCL. Saudi Aramco is expected to be the front-runner for BPCL. The government too will like to have it in India. Aramco could have faced threat from Indian Oil Corporation by teaming up with ONGC. The government has now blocked it from entering the race. What happens if the bid price of oil majors is below the government’s expectation? Can the government afford a distress sale? Click Free Access column Petro Intelligence for a comprehensive piece on the subject.
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US oil mission may hit India’s investment prospects in Syria
December 7, 2019: US President Donald Trump’s recent statement that the US was ``keeping the oil’’ in Syria may be aimed at checkmating China and Russia but India could well be a collateral damage. Trump last month had announced the withdrawal of US troops from Syria but rescinded the decision because more..
Oil minister sees jet fuel, gas under GST soon to improve business climate
December 7, 2019: Oil minister Dharmendra Pradhan on Thursday hoped that finance minister Nirmala Sitharaman will in her Budget set the tone for bringng jet fuel and natural gas under the GST regime to reduce multiplicity of taxes and improve the business climate.
“Our expectation is that in the coming more..
Petroleum minister calls for making hydrogen fuel cell technology affordable
December 7, 2019: Union Minister of Petroleum and Natural Gas and Steel, Dharmendra Pradhan has exhorted auto makers to develop economical, innovative and sustainable solutions towards achieving greener and safer mobility ecosystem in the country.
The minister was speaking at an event in Shri Dhyan Chand more..
H-Energy now expects Jaigarh LNG import terminal in India to launch in first quarter 2020
December 7, 2019: Indian natural gas company H-Energy Pvt Ltd expects its liquefied natural gas (LNG) import terminal at Jaigarh to start operations in the first quarter of 2020, Rahul Tiwari, H-Energy's senior LNG trader,told a conference on Thursday. The terminal, which is a floating storage and regasification unit more..
Rahul Gandhi to join protest against BPCL takeover
December 7, 2019: Congress leader Rahul Gandhi, who arrived on a three-day tour of his Wayanad Lok Sabha constituency on Thursday, will join the protest by the party against disinvestment in the public sector oil company BPCL on Saturday in front of the Cochin refinery gate. According to Chalakudy Congress Lok Sabha member more..
Bharatgas ties with Amazon
December 7, 2019: Officials of Bharat Petroleum held a press conference today to inform about initiatives taken by them related to digital payment. Talking about the digitalization of LPG payments, B Mondal, state head, Bharat Petroleum, said this initiative would give a big push to Digital India. “LPG distributors have more..
Deloitte’s Re 1 advisory fee for BPCL disinvestment irks peers
December 7, 2019: Deloitte Touche Tohmatsu Limited charging the Government Re 1 as disinvestment advisory for Bharat Petroleum Corporation Ltd (BPCL) has not gone down well with the investment banking community. "Deloitte charging Re 1 is not a healthy competition. Regulator should not allow such low bids," said an more..
Petrol price cut today after a month, diesel rates stable
December 7, 2019: After being stable for four consecutive days, the price of petrol was decreased for the first time in a month today. State-run fuel retailers dropped the price by 5 paise a litre while diesel rate was left untouched once again. In New Delhi, a litre of petrol is selling at ₹74.86 while diesel was at 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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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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P K Goswami Selected For Director (Operations) At Oil India
The Public Enterprises Selection Board sector headhunter on Friday selected Pankaj Kumar Goswami for the post of Director (Operations), Oil India Ltd. Presently he is Chief Project Manager, Oil India Ltd. Subject to requisite clearances and ACC approval, Goswami will replace P K Sharma the outgoing Director (Operations) retiring on May 31, 2020.
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Rear Admiral Mital Appointed As Member, PESB
Rear Admiral Shekhar Mital (Retd), has been appointed as Member, Public Enterprises Selection Board (PESB) for a term of 3 years. The four member Board, headed by Chairman Kapil Dev Tripathy, has now two members; M K Gupta, former Railway Board Chairman and Rear Admiral Shekhar Mital. The Board requires one more Member to 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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BPCL Selloff: Indian Oil Corp Holds The Key To Price Bid
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Corruption Stance: Soft On Some, Harsh On Others
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Are Energy Sector Initiatives Missing Energy Imperatives?
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Here We Go Again – Tellurian LNG,More Questions Than Answers
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NGC Energy To Build LPG Terminal In Krishnapatnam Port
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ONGC Videsh Qualifies To Bid For Block In Colombia
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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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Natural Gas - Import Dependency
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Evolution of natural gas consumption in India
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Sector Wise Demand And Consumption Of Natural Gas - September 2019
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Domestic Gas Scene in September 2019
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Gas Demand: Potential & Actual*
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Natural Gas consumption pattern - India (2018-19)
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Coal Bed Methane (CBM) Gas Development In India
more...
The Global LNG Market - Rising Capacity
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A ‘Realistic’ Sector-wise Gas Demand Projection
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Historical Production & Consumption Pattern Of Natural Gas
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Natural Gas Price Declines Globally And In India
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Performance Story Of Petronet LNG’s West Coast Regasificaction Terminals
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Domestic Natural Gas Scene in August 2019
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PNG Penetration Seems Hitting LPG Marketing
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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
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Oil Demand & Supply: An OPEC Projection
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Surge In Petroleum Products Import In October 2019
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Crude Oil Import Falls In October Reflecting Slowdown In Economy
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Power Deficit: Region-wise Position For October 2019
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Indian Rig Count vs. Indian Basket Crude Price In September 2019
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Finally, Passenger Vehicle Sale Registers Marginal Growth In October
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Trend In Indian crude oil basket price in October 2019 (in $ per bbl)
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Crude Processing company-wise, sector-wise and processing against capacity
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Update : Refining capacity, total, company-wise, refinery-wise and sector-wise
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India’s Energy Outlook 2040
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Update: Oil Import - Volume And Value
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Petrochemical Business Outlook
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Petroleum Products Consumption Growth: The Present And History
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Oil India Limited: Reserve Base, Operating Performance
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Indian Basket Crude oil price In September 2019
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Oil India’s Domestic & Overseas E&P Assets: An Update
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