Policy
The Threat Of Demand Dropping Takes Crude Prices Down
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India’s Consistently Rising Dependence On Imported Crude Oil
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India To Step Up E&P Activities At Deliberate Speed
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Charging Network Hampers Ambitious Plans For EV Adoption
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Refineries Perform Well, Production, Consumption Up
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Regulation
Prices Of Politically Sensitive Diesel, Petrol Land OMCs In Trouble
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What Triggered The Fall In Petroleum Products Export In June 22?
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AG&P’s Terminal To Raise India’s LNG Regassification Capacity
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One More Component Of LPG Subsidy To Go
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Alternative Energy / Fuel
Ethanol Blending With Petrol Program, Alternate Fuel Infrastructure Make Progress
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New Projects
Shelf Drilling Bags Offshore Rig Contract
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EIL Secures Order Worth Rs. 1540 Mn In Q1 FY 2022-23
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IOC Ready To Commission Its Aviation Fuel Station At Belagavi Airport
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Market Watch
India Revises Commitment To Reduce Emissions Intensity Of Its GDP By 45% By 2030
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LPG: 21 Million Customers Did Not Buy A Single Refill In FY ‘22
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Companies
DEEP.KBB GmbH
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Aban Offshore Receives LoA For Jack-Up Rig ABAN III From ONGC
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ONGC Awards Contract To Jindal Drilling And Industries Ltd
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SEAMEC II Vessel To Continue Deployment With ONGC
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MRPL To Expand Petrol Pump Network In Tamil Nadu, AP, Telangana
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Press Release [FREE Access]
Latest Exclusives
August 15, 2022: News uploaded. No IOG exclusive as today is a national holiday on account of Independence Day.

August 12, 2022: India’s economic planners had a dream of achieving self-sufficiency in almost all areas of economic activity. Even in petroleum sector India attained 70 per cent self-sufficiency in the 1980s. This has been going down consistently since and touched an all-time low of 13 per cent in June 2022. Click column Special Database for details.

August 11, 2022: India’s public sector oil and gas companies such as ONGC Videsh, Oil India, GAIL, IOC and BPRL have invested in overseas projects. Their share of overseas production of oil and gas too has been stagnating in recent years. In June 2022, overseas production as percentage of domestic production touched an all-time low. Click column Special Database for details.

August 10, 2022 | Crude imports: Risks of playing Russian Roulette | Russia’s share in India’s oil and gas requirement has never exceeded 2 per cent of its requirement. A recent Bloomberg report said Russia had replaced Saudi Arabia as the second largest supplier of crude oil in the month of June, largely because of the $19 per barrel discount it had offered in the previous month. However, this development does not move the needle by very much and experts believe that this blip will not make much of a difference in the immediate future. But there is one unpredictable factor in assessing the oil and gas market – and that is the ominous presence of Vladimir Putin. Fed up with the rash of economic sanctions against Russia, Putin acted swiftly to construct a natural gas pipeline to China. Experts do not rule out the possibility of Putin dangling a similar bait before India. After all, oil and gas is India’s Achilles heel. Indian companies can be accommodated in Russia’s expanding E&P sector whose fortunes have been buffeted by the spectacular exit of a couple of global oil giants. Indian public sector units have considerable investments in Russia’s upstream sector and have been scouting for more deals. Click Free Access Column Petro Intelligence to read a comprehensive piece on the subject.
Today's News [FREE Access]
U.S. worried over routing of Russian oil through India, says RBI Deputy Governor
August 15, 2022: The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday. The U.S. Treasury Department told India that   more..


Reliance, Nayara Face Windfall Profit Tax On Local Supplies Alongside Exports
August 15, 2022: The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India. A Rs 6 a litre tax was also imposed on petrol and ATF exported out of India.   The just-introduced tax on windfall energy profits of oil   more..


Nagaland should start oil exploration: Teli
August 15, 2022: Union Minister of State for petroleum and natural gas, labour and employment Rameswar Teli on Saturday urged the State government to start oil and natural gas exploration and extraction. Addressing a gathering here at Niathu resort after the inaugural of Hemkund Group’s Liquified Petroleum Gas (LPG)   more..


Nayara Energy posts record Rs 35.64 billion profit in Q1
August 15, 2022: Russian oil major Rosneft-backed Nayara Energy has reported a record quarterly profit in April-June as it made hay on export of fuel made from discounted Russian oil. Net profit of Rs 3,563.7 crore, or Rs 23.91 per share, in April-June compared with a loss of Rs 139.1 crore in the same period a year back, it   more..


Convenient for owners of electric cars! IOC opens a fast charging station in Lucknow
August 15, 2022: A new facility has started for those using electric cars in UP. Indian oil company IOC has opened the city’s first electric vehicle fast-charging station in Ashiana. Currently, IOC has only four charging stations, but it takes six to eight hours to charge a vehicle there. The vehicle will be fully   more..


Saudi oil firm Aramco profits skyrocket amid global instability
August 15, 2022: Saudi Arabia's national oil producer on Sunday announced that its profits had leapt by nearly 90% in the second quarter of the year. The increase comes as fuel prices around the world spiral amid instability caused by Russia's war in Ukraine and a post-pandemic surge in demand.    more..


ADNOC awards $1.17bn contract for jack-up barges
August 15, 2022: The Abu Dhabi National Oil Co. has signed a contract worth 4.3 billion dirhams ($1.17 billion) to hire 13 self-propelled jack-up barges. The move aims to boost the company’s offshore operational efficiencies and support the expansion of its crude oil production capacity to 5 million   more..


Industrial LPG offers relief to energy-starved factories in Bangladesh
August 15, 2022: Amid spiked diesel prices, electricity cuts and low grid gas pressure faced by mills and factories, liquefied petroleum gas (LPG) is the best solution for energy-starved industries. For heating and other industrial applications, LPG is also a cleaner and more efficient alternative to burning furnace oil,   more..

Petropulse / Guest Column
ICIS: Spotlight increases on chemical carbon footprints
Joseph ChangScope 1 and 2 emissions are the ‘easy’ parts to address on the road to net zero greenhouse gas (GHG) emissions – reducing the emissions you produce (Scope 1) and the emissions from 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
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...

Importance Of Offshore Wind Power
Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...

Future Power Grid Vision - Grid Of Microgrids
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 sustainable 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...

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
Ranjit Rath Takes Over As CMD Of Oil India Limited
Ranjit RathRanjit Rath has taken over as new Chairman and Managing Director (CMD) of Oil India Limited (OIL). Rath is a Geoscientist with experience and expertise of more than 25 years in the field of geosciences and more...

Vandana Sharma Term As Secretary PNGRB Extended
The Appointments Committee of the Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas to extend The tenure of Vandana Sharma, secretary Petroleum and Natural Gas Regulatory Board by six months beyond 25 July 2022. She is joint secretary level officer belonging to the Central Secretariat Service 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]
Crude Imports: Risks Of Playing Russian Roulette
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Swing A Wrecking Ball Before Privatisation Of Refiners
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Overhaul selection process for ONGC, OIL leadership positions
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LNG Import Deal: India Needs Clean And Tough Negotiators
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Foreign Investment
Synergia Energy Says Fracking of Cambay Well Returns Initial Positive Results
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DEEP.KBB Forms Strategic Alliance With EIL
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Overseas Investment
Cabinet Approves Additional Investment By Bharat PetroResources In Brazil
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Gas Scene
The Slowly Expanding Natural Gas Pipeline Network
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Sectoral Consumption of Natural Gas
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Rising Price Of LNG Slows Down India’s Import
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Domestic Natural Gas Scene In June
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Trends In Natural Gas Prices: Global And Domestic
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Sectoral Consumption Of Natural Gas, May 2022
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Domestic Natural Gas Scene in May 2022
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Essar, GEECL, Make Significant Progress In CBM Gas Development
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Sector-wise Consumption of natural gas in April 2022
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Trends In Natural Gas Prices: Global And Domestic
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LPG Consumption Continues Grow Forcing Larger Import
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Domestic Natural Gas Scene: Production Marginally Up, Consumption Down
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LPG Profile Based On LPG Marketing In FY 2021-22
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Natural Gas Price Trends: Global and Domestic
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Sector-Wise Consumption Of Natural Gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Declining Domestic Share In Petroleum Products consumed
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Domestic Oil & Gas Production vis-à-vis Overseas Production
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Percentage share of petroleum products in export: April to June 2022
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India’s Refineries & Their Refining Capacities
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Oil India’s Short Term Growth Strategy
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Distillate Production and POL Production
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India’s Petroleum Products Export Marginally Down, Import Up In June
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What is Russia’s Share in India’s Crude Oil Import During April-June 22?
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Analysis Of Crude Oil Processed By Indian Refineries In June 2022
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Any Unusual Fluctuation In Production/Consumption Figures Of Petroleum Products in Recent Months?
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Crude Processing Makes A Remarkable Recovery in FY 2021-22
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India’s Domestic Crude Production Maintains A Discipline In Fall
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India’s oil import Bill: An Update
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Russia Is India’s Second Largest Crude Oil Supplier
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Average Indian Crude Basket Price In June
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How Much Petroleum Products Did India Produce And Consume In April-May 2022?
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Power Supply Deficit Position Promotes Diesel Sale
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LPG Consumption Presents A Dull Picture In May 2022
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ONGC
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