Policy
Location Shifting Alone Wonít Solve Mega Refineryís Problems
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IOC Prefers Stable Places For Acquiring Overseas E&P Assets
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PSU Oil Firms Increase Dividend Payouts To Government
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Indiaís Natural Gas Market Is In A Logjam
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Temporary Freeze On Retail Fuel Prices Looks Imminent
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Regulation
Move For Common Carrier Principle In LNG Terminals Dropped
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ONGC Advised To Review Its Overall R&D Strategy
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Massive Expansion Of Retail Outlets By PSU Oil Marketing Cos
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India Inches Towards A National Gas Grid
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Alternative Energy / Fuel
CIMFR To Start Pilot Project To Use Methanol As Alternative Fuel
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Ethanol Blending With Petrol Makes Impressive Progress
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GAIL And BHEL Sign MoU To Develop Solar Power Projects
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New Projects
KOC-Kuwait Awards Large Contract To L&T
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Chevron Lummus Global Wins Technology Contract From CPC
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Market Watch
Shell Deal Links LNG Prices to Coal
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Companies
Invenire Energy Private Limited
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Oil And Gas Companies Team Up For Rs 3.20 Billion Startup Fund
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Vedanta Reports Oil Discovery In Krishna-Godavari Basin
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IGL & Tata Power Signed MoU To Offer Integrated Services
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Press Release [FREE Access]
Latest Exclusives

April 19, 2019: In 2019, world oil demand growth is anticipated to grow by 1.24 mb/d y-o-y. Total world consumption is anticipated to reach 99.96 mb/d. Click column Special Database for details.


April 18, 2019: With domestic natural gas output declining sharply following the collapse of production in Di, D3 fields of Reliance in KG D6 and ONGC's fields in western offshore, India's import dependence on RLNG has been increasing consistently. Click column Gas Scene for details.


April 17, 2019: At one stage India had one of the lowest production costs for natural gas. ONGC has been producing gas at cost below $ 1/mmBtu. So did Reliance from its D1,D3 fields in deep water KG D6. Production cost of gas in the US last year dipped below $ 1/ mmBtu. Russia's Gazprom has been producing gas at a far lower cost. Click column Gas Scene for details.


April 10, 2019 | Clear-Headed Regulation Required; Policy Tinkering Will Not Work: In its anxiety to arrest the flagging domestic production of oil and gas, the ministry of petroleum and natural gas, ably assisted by the 'energy experts' of the government’s policy think tank, Niti Aayog, had announced a series of policy initiatives. Will these initiatives make a difference? The E&P sector in India does not have an independent Regulator. The DGH is not a regulator but only a technical wing of the ministry. The prospectivity of India’s sedimentary basins is not known to be attractive. The contracts are full of loopholes and subject to multiple interpretations. Experts say policy initiatives to increase domestic production are unlikely to succeed in the absence of an independent law and evidence-based, informed, upstream regulation. Click Free Access column Petro Intelligence for a comprehensive piece on what ails India’s E&P sector.

Today's News [FREE Access]
India Now Nigeriaís Biggest Crude Oil Buyer ĖBuhari
April 20, 2019: President Muhammadu Buhari on Thursday spoke of a growing trade partnership between Nigeria and India. He stated that India had lately become the country’s biggest trade partner, especially in crude oil sales. Buhari was speaking at the Presidential Villa, Abuja, when he received Letters of Credence from   more..


India Crude: Flat as strong rupee offsets marginal gains from NYMEX
April 20, 2019: Crude oil contracts on the Multi Commodity Exchange of India were almost flat today as a firm rupee against the dollar almost offset marginal gains from the New York Mercantile Exchange. On NYMEX, futures were a tad up due to an unexpected fall in inventory in the US, said analysts. "Oil prices remain   more..


Reliance to start gas production from R-Cluster in second half of FY21
April 20, 2019: Reliance Industries has stated that it will start natural gas production from R-Cluster gas field in the flagging KG-D6 block in the Bay of Bengal from the second half of the 2020-21 fiscal. Reliance and its partner BP Plc of UK had in June 2017 announced an investment of Rs 400 billion in the three sets of   more..


RILís new quest for partnerships
April 20, 2019: Reliance Industries Ltd (RIL), the oil-to-yarn and retail-to-telecom conglomerate, announced its earnings for the fourth quarter and financial year ended March 31, on April 18, and as expected the corporate juggernaut rolled on by reporting impressive growth in revenue and profitability.    more..


Cutting household fuel use may save 0.27 billion lives annually in India
April 20, 2019: India could make a major dent in air pollution and save about 270,000 lives a year by curbing emissions from dirty household fuels such as wood, dung, coal and kerosene, according to a study led by researchers from IIT Delhi. Eliminating emissions from these sources -- without any changes to industrial or   more..


Oil market likely to be well balanced in 2019, says Saudi energy adviser
April 20, 2019: Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be "well balanced" this year. "This year, we have seen the implementation of the OPEC Plus decision. It is possible to extend the cut until the end of the year depending on market   more..


They have the gas cylinder, but canít afford to refill it
April 20, 2019: In Marathwada, many families are complaining that they could not continue the refilling of gas cylinderwhich they received under the NDA government’s flagship Pradhanmantri Ujjwala Yojna. At the same time, there are also villagers who complained that they can afford the gas cylinders but are not getting   more..


Petrol Price in New Delhi today
April 20, 2019: Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi ₹ 73.00 (19th April 2019), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is more than 4000 years old when it 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...

ONGCís 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...

Special Reports
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...

Vedantaís 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 Ė 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...

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...

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
SK Gupta Selected For Director Finance Post At IOC
S.K. GuptaPESB has selected Sandeep Kumar Gupta for the post of Director (Finance) Indian Oil Corporation Ltd. He is currently executive Director in IOC. Subject to requisite clearances and ACC ratification Gupta may more...

Vinayakumar Selected For Director Post In MRPL
VinayakumarPSEB has selected M Vinayakumar for the post of Director (Refineries) Mangalore Refineries & Petrochemicals Ltd. He is currently group General Manager in MRPL. Subject to requisite clearances and ACC more...

GP Global Makes Key Appointments
UAE-based GP Global has announced four key appointments in Singapore namely Steve Goh, Jason Kong, Rohan Bhatia and Aaron Hong, all bunker traders. The new appointees have a proven track record in maintaining a high performing trading book. Each brings different areas of expertise to the table, Bhatia having spent the bulk of 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.

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Petro Intelligence [FREE Access]
Clear-Headed Regulation Required; Policy Tinkering Will Not Work
more...

ONGC Resists Niti Aayog, Regains Its Mojo
more...

The Great Indian Rip-off
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US Sanctions Cast A Cloud On Chennai Petroleumís Expansion Plans
more...

Foreign Investment
Oilex Hopes To Resolve Cambay Dispute With GSPC
more...

Overseas Investment
Sri Lanka Plans $4 Billion Refinery At Hambantota
more...

Gas Scene
Increasing Dependence of Imported RLNG
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Russian Company Gazpromís Average Gas Production Cost
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Natural Gas Price: Global / India
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Indiaís Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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CFSR Study Report - Seamless Development of Gas Value Chain
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Domestic Natural Gas Scene in February 2019
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Advantage of strong Regulatory Environment for CGD Industry
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Domestic, Global Natural Gas Price Trends
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Market Natural Gas and CGD: Attractive Industry
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Adani Gas: Infrastructure Development to Propel Gas Demand India
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Update: Coal Bed Methane (CBM) Gas Development In India
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LPG Business Continues Its Robust Saga
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Capacity Utilization of Gas Pipelines
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Update: PNG Connections
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LNG Import Projection By Industry Group
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Status Of Gas Pipelines Under Construction
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Trends In Domestic Natural Gas Price & International Bench Marks
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Capacity Utilization of LNG Regasification Terminals
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
World Oil Demand 2018 & 2019
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Global Drilling Rig Count Drops in February 2019
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Growth In Sales Of Passenger Vehicles, Two Wheelers drops
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Indian Rig Count vs. Indian Basket Crude Price
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Price of Crude in the Indian Basket processed in Indian Refineries up to March 2019
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Price build-up of PDS kerosene at Mumbai and Element-wise explanation
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Power Supply Position Improves In February 2019
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Share of High Sulphur Crude Down In February 2019, Up In April-February
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Petroleum Products Import Up In February 2019, Petcoke Dominates.
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Crude Oil Imports Down In February 2019, OPEC Share Drops
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Global Rig Count Vs Crude Prices
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Solar Power Generation Growth Likely To Outweigh Other Sources By 2022
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Area-wise and Total Estimate of Renewable Energy Potential
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Domestic Oil & Gas Production vis-ŗ-vis Overseas Production in January 2019
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Petroleum Products Import Declines in January 2019
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Crude Oil Imports Dip In January 2019
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GRMs Of Indian Refineries During April-December 2018
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Ownership Pattern of Major Oil and Gas Companies
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State-Wise Balance Recoverable Crude Oil Reserves
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Merger & Acquisitions In The Indian Oil And Gas Sector
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Company-wise Length & Capacity of Product and Crude Pipelines in India
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Tenders [FREE Access]
Cairn Oil and Gas
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ONGC
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