Policy
US SPR Managers Watching The Scene: OPEC+ Trying To Arrest Crude Price Fall, Supply Cuts Likely
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Diversify or Limit Crude Supply Sources?: India May Focus On Larger Quantities, Competent Price
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India’s Oil &Gas Companies Preparing For A Major Foray Into Petrochemicals
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Questions Raised About Ethanol Blended Petrol Program
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India’s Surging GDP Pushes Up Petroleum Products Consumption
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Regulation
Oil Major Shell Widening Business Activities, Still A Lightweight In India
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OMCs Preparing For A Fresh Round Of Retail Network Expansion?
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CNG Infrastructure Being Strengthened As A Policy Initiative
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Kerosene Refuses To Be Totally Out As It Is Poor Man’s Fuel
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Alternative Energy / Fuel
Grain Ethanol Manufacturers Seek Higher Procurement Price
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New Projects
Gensol Wins EPC Bid For Hydrogen Plant
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ONGC Board Approves Two Petrochemical Complexes In India
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PEDA, GAIL To Set Up 10 Compressed Biogas Projects In Punjab
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Market Watch
Shell Introduces New Products In India
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Companies
Galileo Technologies
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Larsen & Toubro Wins Mega Order For Offshore Platform
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IGL And CONCOR Tie Up
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Galileo Produces First LNG For GAIL
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Press Release [FREE Access]
Latest Exclusives
December 1, 2023: India imports over 87 per cent of its crude oil demand. Russian crude which made an amazing foray into Indian market by touching a share of 40 per cent was marginally down in October. But the fall was sharp in the case of OPEC’s share. Click column Special Database for details.

November 30, 2023: Shale gas is a mixture of naturally occurring hydrocarbon gases that are produced from the decomposition of organic matter. It consists of 70% to 90% of Methane (CH4). India is rated to have promising shale oil and gas reserves. But all efforts to find it have drawn a blank so far. Click column Gas Scene for an update.

November 27, 2023: Single agency needed to acquire overseas energy assets. A growing economy needs energy – lots of it. India is growing in almost every area except domestic oil production. At present, domestic oil production meets only 12 per cent of demand. For a country of India’ size and speed of growth, the most sensible option is to acquire oil and gas assets overseas. ONGC Videsh started the process of acquiring oil and gas assets overseas more than three decades ago. It acquired assets in 32 oil and gas projects spread across 16 countries with a combined annual production of 19.5 MMTOE. Later, Oil India, IOC, BPCL and GAIL started acquiring assets overseas, but the acquisition scene today presents a picture of colossal inefficiency and complete lack of imagination. Click Free Access column Petro Intelligence to read an exciting piece.
Today's News [FREE Access]
India to resume import of oil from Venezuela after 3 years as US sanctions on Caracas ease
December 2, 2023: With the United States (US) easing sanctions on Venezuela, India’s crude oil imports from Caracas are set to resume after three years with private sector giant Reliance Industries (RIL) booking three tankers scheduled to load oil from the Latin American country in December and January, as per shipping   more..


Government cuts windfall tax on crude petroleum to ₹5,000/tonne, jet fuel price also down
December 2, 2023: The government announced a decrease in the windfall tax on crude petroleum and jet fuel by ₹1,300 per tonne, effective from December 1, as per a Moneycontrol report. The tax on crude petroleum has been reduced from ₹6,300/tonne to ₹5,000/tonne, while the levy on jet fuel has   more..


Russian oil turns dearer for Indian refiners after US enforces price cap
December 2, 2023: Ongoing US investigations into Russian ships carrying oil to India threaten to disrupt flows this month even as Indian purchases of Russian crude rose 7 per cent in November from October, according to ship tracking data and industry sources. Discounts on Russian crude, averaging $4.50-$5/bbl,   more..


GAIL Seeks $1.8 Bn from Former Gazprom Unit
December 2, 2023: State-owned Gail India on Friday said it has initiated legal proceedings against a former unit of Russian energy giant Gazprom for non-delivery of LNG and has sought USD 1.817 billion in damages. In a stock exchange filing, the gas utility said it has filed an arbitration claim before the   more..


HPCL to expand retail network
December 2, 2023: Amid India’s transition to cleaner fuel, the country’s second-largest fuel retailer Hindustan Petroleum Corporation Ltd plans to continue expanding its traditional fuel retailing outlets along with electric charging facilities. The company will add around 1,000 petrol and diesel   more..


Oil and Natural Gas Corporation Limited Announces Change in Management
December 2, 2023: Oil and Natural Gas Corporation Limited announced informed that change in senior management (one level below Functional Directors) are as follows: Shri Ashish Kumar Maji, Executive Director, Superannuation. Date of change is December 1, 2023. (Source: Market Screener)    more..


Govt lowers domestic natural gas prices to $8.47 per mmBtu for December
December 2, 2023: The price of domestic natural gas has been reduced to $8.47 per million metric British thermal units (mmBtu) for December from $9.12 in the previous month, the oil ministry said in a notification. The domestic natural gas price, however, will continue to remain at $6.5 for the month, as per   more..


Sunit Verma ED (Marketing, Retail LNG, JV) leaves GAIL after 32 glorious years
December 2, 2023: Shri Sunit Verma superannuates as Executive Director (Marketing, Retail LNG, JV). He has been an integral part of GAIL's transformative journey for over 32 years. Through his tenure, Shri Sunit Verma was instrumental in the advancement of City Gas Distribution via GAIL’s Joint Venture Companies.   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas 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
Nayara Energy Appoints Richa Dubey As Chief People Officer
Nayara Energy has appointed Richa Dubey as its new chief people officer. Richa has joined Nayara Energy from Vedanta Resources for where she worked as VP-HR for its iron and steel/ion and alloy businesses. She comes with more than 25 years of experience as an HR leader across a wide range of sectors. Her experiences include more...

Srikant Appointed Additional Secretary In MNRE
Srikant has been appointed as the additional secretary of the Union Ministry of Power and New and Renewable Energy. Srikant, a 1998-batch IAS officer of was previously serving as a joint secretary in the Union Cabinet, having been transferred there last year. Before that, he held the pivotal position of Secretary (Energy) in more...

Torrent Gas Appoints Former GAIL CMD Manoj Jain As Its MD
Manoj Jain has been appointed Managing Director of city gas operator Torrent Gas Ltd. with effect from January 1, 2024, the company said in a statement. Prior to this, Jain was the Chairman and Managing Director of GAIL (India) Ltd. Jain possesses rich and diverse experience in the areas of business development, gas more...

GAIL’s Sanjay Kumar Appointed Chairman Of 2 Subsidiaries & A JV
GAIL (India) Limited's Director (Marketing) Sanjay Kumar has been appointed as the Chairman of GAIL Global (Singapore) Pte. Limited (GGSPL), Konkan LNG Limited (KLL) and Bengal Gas Company Limited (BGCL). In addition, Kumar has also been appointed as Director of GAIL's subsidiariy 'GAIL Gas Limited.' Kumar is 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]
Single Agency Needed To Acquire Overseas Energy Assets
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Tackling Blowback From Sanctions
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Gas Ratio Target: Time For A Revision?
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Oil PSUs In Trouble Again
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Foreign Investment
Enel Group To Sell Its Indian Renewable Energy Arm
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Overseas Investment
Welspun Corp’s EPIC Secures Contract Worth 1.8 Bn Riyal From Saudi Aramco
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Gas Scene
Shale Gas & Oil Eluding India
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Domestic Natural Gas Scene in October 2023
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Natural Gas Price Trends: Global And Domestic
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Sectoral Consumption Of Natural Gas In September 2023
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CGD Business Registers Impressive Growth
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Domestic Natural Gas Scene In September: Production Up, Targets Eluded
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Sector-wise Natural gas consumption in August and April- August 2023
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Domestic Natural Gas Scene In August 2023
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How Drastically High LNG Prices Prune India’s Gas Import Dependency?
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Sector-wise Consumption Pattern Of Natural Gas Remains Unchanged
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Domestic Natural Gas Scene In July Presents A Confusing Picture
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The Rise & Fall Of India’s LNG Imports
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The story of the rise and fall of India’s LNG import
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LNG Regasification Capacity Up, Terminal-wise Capacity Utilization Low For Many
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India’s Growing CGD Infrastructure: An update
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LNG price determines the size of India’s gas import dependency
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Domestic Natural Gas Scene Presents A Better Picture
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Crude Oil Imports: Russian Crude Share drops marginally
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Shrinking Share of Domestic Crude In Total Petroleum Products Consumption
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Parallel Marketing System In LPG Still Operates
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CRUDE CAPACITY Vs. PROCESSING
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Refinery Margins Fall Globally, But Still At Healthy Levels
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Indian Crude Basket Price Drops To $ 90/Barrel In October
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Coal Bed Methane Gas Development In India
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BPCL Refineries Present A Picture Of Brilliant Performance
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Oil India’s Overseas E&P Operations
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Refineries Uniformly Exceed Crude Processing Targets By Big Margin
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ONGC Has Quite A Few Projects Under Implementation. Will They Make A Difference To Production Performance?
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Petroleum Products Consumption Tend: An Analysis FY 2023-24
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Power Shortage Continues, To Push Up Diesel Demand
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BPCL’s Strategic Aspirations for The Next Five Years
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Product-Wise Consumption Of Petroleum Products In September 2023
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Stagnation In BPCL’s Overseas Upstream Foray
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India’s Petroleum Products Export Drops, Import Rises In September 2023
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Tenders [FREE Access]
Cairn Oil and Gas
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