Policy
Mozambique Gas Block: Stake Holders Nervous As Terrorists Approach LNG Project
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Sale Talks Being Revived: US Company Apollo Global Still Front Runner For BPCL
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Wrestling With Restructuring Of Upstream Major ONGC
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Second Covid Wave To Hit Consumption, Refining Levels
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Cairn Oil & Gas Of Vedanta Has An Indian Strategy
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Regulation
RIL-BP Puts Satellite Cluster On Gas Production As Covid-19 Peaks
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Mystery Surrounds “De-growth” In LPG Consumption In March
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Is India Heading For Excess LNG Regasification Capacity?
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Major Sedimentary Basins in India: An Update
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Alternative Energy / Fuel
NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
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New Projects
Shelf Drilling Scores New Jackup Contract In India
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Jindal Drilling Bags LoA From ONGC
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Axens Selected For CPCL Cauvery Basin Refinery Project In India
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Market Watch
BPCL Partners With Salesforce To Manage Customers And Sales Activities
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Companies
Air Products
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Adani Total Gas Q4 Results: Net Profit Rises 19 Per Cent
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Petronet LNG Plans Bunkering Services From Its Kochi Terminal
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Press Release [FREE Access]
Latest Exclusives

May 18, 2021: Crude Oil demand will increase by a significant margin in 2021 despite the second phase of Covid-19 which continues to play havoc in several countries. The reason being cited is the economic rebound and OPEC has marshalled data to substantiate its forecast. Click column Special Database for details.

May 17, 2021: Normally the rig count which represents the total number of active drilling rigs in the world goes up when crude price increases. Crude price has been on the rise in recent months but rig count in the month of March went down. Click column Special Database for details.

May 10, 2021 | ONGC: It Is Not A Toss-up Between Privatisation And Atomisation | Oil and Natural Gas Corporation’s experts have been taking the country for a ride with periodic vision papers which promise a bright future in comparison to the dull present. ONGC had one such vision paper called the ONGC Vision 2030 that sparked no change. It was replaced with a Vision 2040. As a first step to a meaningful initiative on the subject, ONGC should be advised to stop such wasteful expenditure in producing Vision papers which have helped only to mislead the country. Petroleum industry experts have been caught up in a lively debate lately over the need to re-shape Oil and Natural Gas Corporation whose fortunes have been sinking for quite some time now. Several proposals have been tossed around. Some experts want to split up ONGC into five or six companies; others want it to be privatised. It is pretty evident that a toss-up between privatisation and dismemberment presents a Hobson's choice that cannot achieve the ultimate objective of raising oil production. Such a policy can only further mess up the situation. Click Free Access Column Petro Intelligence for comprehensive piece on the subject.
Today's News [FREE Access]
Are OMCs shifting to alternate day fuel price revision mechanism?
May 18, 2021: Oil marketing companies seem to be moving towards a revised fuel price revision mechanism, shifting to the practice of changing petrol and fuel rates every alternate day rather than undertaking changes on a daily basis. In the last few days, pump prices of petrol and diesel have been revised every alternate day   more..


Retail gas, LNG by trucks, hydrogen figure in H-Energy’s growth vision
May 18, 2021: India's H-Energy is expecting that the start of its FSRU-based LNG regasification terminal will help to push its strategic expansion plans forward by helping capture a substantial share of India's gas market, as well as realizing its vision to make inroads into the retail gas and hydrogen sectors, the   more..


Fuel demand in COVID-hit India plunges in May
May 18, 2021: Domestic sales of gasoline and diesel by Indian state refiners plunged by a fifth in the first half of May from a month earlier as lockdowns to curb coronavirus infections hit industrial activities and consumption, preliminary data showed on Monday. Gasoline and diesel sales over May 1-15 fell by about 20 per   more..


Cyclone Tauktae: Bombay High barge de-anchors, but all 261 onboard safe, says ONGC
May 18, 2021: Oil and Natural Gas Corporation (ONGC) on Monday said a barge with 261 of its personnel deployed for offshore drilling in Bombay High in the Arabian Sea got de-anchored and started drifting because of the cyclonic storm Tauktae. However, all the 261 people on board barge P305 are accounted for at 1300 hrs and   more..


ONGC begins process to procure 1,00,000 oxygen concentrators
May 18, 2021: Oil and Natural Gas Corp (ONGC) has begun the process to procure one lakh oxygen concentrators to tide over the shortage of life-saving gas in the country, the company said in a statement. ONGC, the country’s largest oil and natural gas producer, has already placed orders for 34,673 oxygen   more..


Govt to ‘defend’ its case legally if Cairn’s seizure plan proceeds
May 18, 2021: New Delhi, Amid reports of identification of Indian assets overseas worth $70 billion by UK's Cairn for potential seizure, informed sources in the government said that the Centre is well aware of its legal rights and will defend its case in courts if such proceedings materialise. The assets   more..


IOC to get hydrogen fuel for EVs?
May 18, 2021: Hydrogen fuel cell technology seem have a future with practical electric vehicles. It eliminates one only of the grimes we have with an electric vehicle which is – the charging time. We are now hearing murmurings that Indian oil is working on Hydrogen so that when vehicles with fuel cell technology are   more..


IndianOil’s Panipat refinery began supply of 15 MT gaseous Oxygen to GTB Sanjeevani Hospital
May 18, 2021: Indian Oil Corporation's Panipat Refinery began the supply of 15 MT gaseous Oxygen to the GTB Sanjeevani Hospital for Covid care. The 500-bed temporary facility was inaugurated by Hon’ble Chief Minister of Haryana, Shri Manohar Lal Khattar & Hon’ble Union Minister of Petroleum & Natural   more..

Petropulse / Guest Column
To make sense of sensational news covering high petrol and diesel prices
Dr. B hamy V ShenoyDr. Bhamy V Shenoy | March 15, 2021: Under UPA when crude oil price reached a high of $147 per barrel in May, 2008, petrol price in Delhi was around Rs. 50 per liter. On February more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
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 of more...

IOC steps into Oman with acquisition
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
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 crucial Final more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
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 Ltd (OIL) and Indian more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
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 discovery in India more...

Iran Announces Deals With Countries, No mention Of India
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 development where India more...

ONGC’s Search For Producing Assets
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 that the private 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
Future Power Grid Vision - Grid Of Microgrids - Part 1
April 9, 2021: The electric grid has been around for nearly 140 years, but it’s yet to overcome its biggest nemesis: the weather. Recent prolonged blackout in Texas (Snow storm) is showcasing that point as it suddenly rivals California (Forest wildfires) in proving the need for microgrids. Sustainable energy is the more...

Future of India’s transport story is renewable biogas
Vinod Paremalby Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs. Petrol and diesel more...

Time for Introspection and redefining wealth and the basis for economic planning
Over emphasis on Gross Domestic Product (GDP) without taking into account the impact to Mother Earth’s Ecological systems (resource abuse) and consideration of equanimity for all has already shown the ill effects all around the world. And worse still is the fact that the sinner does not necessarily pay the price but more...

Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path.   more...

Climate Action- Achieving Green and Inclusive Growth
The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the issues with more...

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...

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
PESB To Recommend CMD And Two Directors For ONGC
Vartika ShuklaThe Public Enterprises Selection Board (PESB) will be holding three separate interviews for the selection of CMD, Director Finance and Director offshore posts. PESB picks Vartika Shukla as CMD of more...

Schlumberger Names New Executives To Energy Transition Business
Schlumberger NV has named new executives to energy transition units.  Sebastian Pages, formerly in the Well Construction group, was appointed as New Energy finance director.  Kahina Abdeli-Galinier, previously the marketing director for Digital & Integration, was named Emissions Business Director to "build more...

Indian Petro Scene - In a Nutshell
On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 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.

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Petro Intelligence [FREE Access]
ONGC: It Is Not A Toss-up Between Privatisation And Atomisation
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Numaligarh Refinery Merger: The New Paradigm In The North East
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The “Ugly Spat” And Some Hard Truths
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Ominous Force Out To Scuttle West Coast Refinery Project
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Foreign Investment
SHV Energy Acquires Majority Stake In Sunsource Energy
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AG&P Pratham Opens the First Two CNG Stations in Alappuzha, Kerala
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Overseas Investment
Total Declares Force Majeure On Mozambique LNG Project
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Gas Scene
Trends In Natural Gas Price: Global and Domestic
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Gas Sector Presents A Positive Picture In March 2021
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Natural Gas: India’s Increasing Import Dependency
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Domestic Natural Gas Scene In March 2021
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Natural Gas Price Trends: Global and Domestic
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CGD Becomes An Attractive Business In India
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Sector-Wise Natural Gas Consumption In February 2021
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Domestic Natural Gas Scene in February In 2021
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Natural Gas Price Trends: Global & Domestic
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Domestic Natural Gas Scene In January Presents A Dismal picture
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Domestic Natural Gas Scene in December 2020
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Update: LNG imports over the years and sector-wise consumption of natural gas
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Update: CGD and LNG Terminals in India
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Major natural gas pipelines in India
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Latest Demand Projections for Natural Gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Oil Demand Forecasted To Increase
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Global Rig Count Goes Down
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Shrinking Power Deficit To Dampen Diesel Sale
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India Petroleum Products’ Import Up In March, But For FY 2020-21, It Is Marginally Down
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Crude Oil Import Declines In March, OPEC Share Significantly Down In FY 2020-21
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Indian Basket Of Crude Price In April 2021
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Crude Oil Processed In Indian Refineries In March 2021
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Passenger Vehicle. Two Wheeler Sales Up In March
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Petroleum Products Consumption In March Registers An Impressive Growth
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Crude Processing In Indian Refineries, An Update
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Update of company-wise, sector-wise and total refining capacity
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Ethanol Blending With Petrol Program Touches All-time High
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OPEC Forecasts Increase In Oil Demand In 2021
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Indian Drilling Rig Count
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Auto Sales Register Impressive Growth
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Global rig count for the month of February 2021
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Crude price movements in Indian Basket of Crude in March 2021
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India’s Sinking Self Sufficiency in Petroleum Products
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Update: Domestic Oil & Gas Production vis-à-vis Overseas Production
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Fall In Capex Of PSU Oil Companies, Steep, But Less Than Feared
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India’s Petroleum Products Import Up In February
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Tenders [FREE Access]
ONGC
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ONGC
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PNGRB
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