Policy
India Left Out, Iran Crude Reaches China, Turkey, Russia
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Crude Oil Price May Plummet As Economies Slow Down?
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LPG Market Likely To Be Opened Up For Major Private Players
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Total Makes Yet Another Foray Into India
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MoPNG Prompting ONGC To Auction 64 Small Oil Fields?
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Regulation
GAIL May Realise Dream Of Owning LNG Terminal
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ONGC: Stalemate On LNG, Nuclear Energy Plans, Focus On Wind, Solar
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Auto LPG Finds The Going Tough In Race With CNG
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Gas Grid Gathers Speed With CGD Network, Budgetary Support
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Alternative Energy / Fuel
Aemetis India Plant Achieves Record $4 Million Monthly Domestic Biodiesel Revenue
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New Projects
TOYO And IHI Win Chhara LNG Contract
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HPCL Installs Reactor At AP Refinery Under Expansion Project
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IndianOil To Set Up 2G Ethanol Plant At Panipat Refinery
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Market Watch
HPCL Appoints Top UAE Luxury Brand Retailer As Distributor
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Companies
Quippo Oil And Gas Infrastructure Limited
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Asian Oilfield Services Receives Orders of $37 Mn
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MOL And GAIL Sign LNG Carrier Charter Agreement
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Vedanta Shortlists Lloyd’s Register For Developing OALP-1 Blocks
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Press Release [FREE Access]
Latest Exclusives

June 25, 2019 | Shift Threat Quells Protest Against Aramco’s Giant Refinery: The 60 MTPA mega refinery in the state of Maharashtra is all set to become a reality. The threat of shifting the location to business friendly Gujarat coupled with the pro- Modi political climate in the state seems to have silenced its detractors. The new location was recommended even before the Lok Sabha election. The farmer’s protests against the location in the environmentally sensitive Ratnagiri district were genuine, but vested interests joined them to scuttle the project. For the Modi-government, the project is very important: this is the first project to attract huge investment from Saudi Aramco and Adnoc. Any failure to commission the project will send out wrong signals. Gujarat is inconvenient to those who were backing the protests in Maharashtra. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.

Iranian crude is reaching China, Turkey and Russia but not India because India has no transnational pipeline; several economies are slowing down which should send crude prices down; India’s LPG market will soon see several major private players; French major Total further strengthens its association with Adani group. ONGC is under tremendous pressure to increase production. These are among the five subjects in column Policy.

The state-owned gas transportation and distribution major, GAIL, will finally own a LNG regasification terminal. These are among the four subjects in column Regulation.


June 24, 2019: Bharat Petroleum Corporation Ltd (BPCL) is the most successful among India’s downstream PSUs in E&P operations. Through its upstream subsidiary, BPRL, BPCL has participating interests in 22 blocks across 6 countries and Equity Participation in Vankor and Taas in Russia. Click column Special Database for an update of BPCL’s upstream global footprints.

Today's News [FREE Access]
Filling Iran oil gap in India: US supplies outshine Middle East crude
June 25, 2019: A surge in India's oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources. US President Donald Trump's administration renewed   more..


India’s fuel prices could hit the roof as crude oil prices threaten to top $100
June 25, 2019: Despite US President Donald Trump's decision not to bomb Iran in spite of the downing of a US drone, the crude prices are steadily rising. The momentum of the upward swing of the Brent that has gained about 30 per cent since the beginning of 2019 may carry it towards $100 per barrel if there is no   more..


India plans incentives for oil, natural gas E&P investors
June 25, 2019: The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&P companies, even if they fail to bring exploratory blocks   more..


IOC’s Sankari terminal set for expansion
June 25, 2019: An emergency safety drill to avert fire and other types of accidents and how to handle any unexpected incident was held at the IndianOil’s Sankari terminal near Salem. Indian Oil is India’s largest commercial enterprise and is in the Fortune 500 Global listing, straddling the entire hydrocarbon   more..


More Indian-flagged oil tankers take Navy’s help to sail through Strait of Hormuz
June 25, 2019: More Indian-flagged crude oil and liquefied petroleum gas (LPG) tankers are taking the Indian Navy escort service on their journey through the Strait of Hormuz carrying oil and gas for Indian buyers after the government last week allowed fleet owners to deploy Navy guards to ensure that oil supplies are not   more..


Exxon-Qatar venture among 12 companies vying for Bangladesh LNG project
June 25, 2019: A joint venture of Qatar Petroleum and Exxon Mobil Corp is among 12 firms that have indicated interest in building Bangladesh's first onshore liquefied natural gas (LNG) import terminal, according to an official document reviewed by Reuters. Also on the list of firms that have submitted   more..


Oil cooperation more important now than ever: Russian energy minister
June 25, 2019: International cooperation on crude production has helped stabilise oil markets and is more important now than ever, Russian Energy Minister Alexander Novak said on Monday. The Organization of the Petroleum Exporting Countries and other leading oil producers had agreed to cut their combined oil   more..


Petrol, diesel prices hiked for the second consecutive day
June 25, 2019: Petrol and diesel prices were increased on Monday (June 24) for the second consecutive day across four metro cities in the country. After the daily revision in retail fuel prices, petrol prices were increased by 7-8 paise a litre while diesel became costlier by 6-7 paise. State-run oil marketing   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...

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...

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...

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...

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
PESB Selects Kesavan As HPCL Finance Director
The Public Enterprises Selection Board (PESB) has picked R Kesavan as the new finance director of Hindustan Petroleum Corporation Ltd (HPCL). Kesavan is currently an executive director (corporate finance) at HPCL and since March 1 has been designated the chief financial officer (CFO) of the company after J Ramaswamy more...

PESB Advertises For Post Of Director Onshore Of ONGC
The Public Enterprises Selection Board (PESB) has advertised the post of Director (Onshore) Oil & Natural Gas Corporation Limited. Last date for the application is August 27, 2019. The vacancy is scheduled to arise on June 01, 2020 after the retirement of Sanjay Kumar Moitra on May 31, 2020. more...

PESB Selects Vaidya For Director (Refineries) Of IOC
The Public Enterprises Selection Board (PESB) has selected Srikant Madhav Vaidya for the post of director refineries of IOC. Vaidya is currently serving as Indian Oil Corp’s executive director of operations. Vaidya has over 3 decades of varied experience in Refining industry. He worked in various positions at Panipat 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]
Shift Threat Quells Protest Against Aramco’s Giant Refinery
more...

Adnoc Towers: Vivid Pictures On A Symbol Of Coalescing Interests
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Oil Buyers’ Club: A Noble Idea, But Will It Work?
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Aramco-Reliance Alliance Sparks Jitters
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Foreign Investment
New Location For Aramco-led Mega Refinery
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Overseas Investment
BPCL’s Investment Plan For Mozambique Gas Field Gets Approval
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Gas Scene
Global Natural Gas Price Trends, Domestic Gas price April 2019
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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Domestic Natural Gas Scene in April 2019
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Coal Bed Methane (CBM) gas development in India
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LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: India’s CGD gas consumption projected to grow by 10%
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Global LNG Fleet
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Increasing Dependence of Imported RLNG
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Russian Company Gazprom’s Average Gas Production Cost
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Natural Gas Price: Global / India
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India’s 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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
BPCL’s Upstream Global Spread: An Update
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ONGC Oil and Gas Production
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World Oil Demand
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Indian crude basket price in May 2019 (in $ per bbl)
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Energy Transition: Implications For India
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Assessment Methodology for Hydrocarbon Resource of Indian Sedimentary Basins
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Passenger Vehicle Sales Records Sharper Decline in April 2019
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Circular Economy-Decoupling Economic Growth and Resource Use
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ONGC Group: Reserves as on 1st April 2019
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Indian Rig Count vs. Indian Basket Crude Price
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India’s Power Position Improves In April 2019
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Petroleum Products Import Down In April 2019
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Crude Oil Imports From OPEC Sharply Down In April 2019
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Domestic oil & gas production vis-à-vis overseas production
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Share Of High Sulphur Crude In Processing Hits All-time High In April 2019
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Global Rig Count vs. Crude Prices
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Indian crude basket price in April 2019 (in $ per bbl)
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India’s Petroleum Products Import Drops In FY 2018-19
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Tenders [FREE Access]
ONGC
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