Policy
India To Become A Shining Example Of TotalEnergies Broad Strategy
more...


Skyrocketing LNG Prices Lead To Revival Of Long Term Contracts
more...


India’s Intention To Import CNG In Place Of LNG Raises Many Questions
more...


Growing Impact Of Ukraine War On India’s Petroleum Market
more...


Refinery Processing Levels, Consumption Reach Pre- Covid Levels
more...

Regulation
Govt. Keen On EV Growth, But Clear Strategy Lacking
more...


Invoking USO In Retail Petroleum Market Looked Inevitable
more...


It Is Final: 20% Ethanol Blended Petrol From April 2023
more...


ATF Price Hike Lands Airlines In Fresh Trouble
more...

Alternative Energy / Fuel
Gadkari Launches Green Hydrogen FCEV Toyota Mirai
more...

New Projects
EIL Bags EPCM Services For Dahej LNG Expansion Project
more...


NLCIL To Set Up Methanol Project In Neyveli
more...


Vartika Shukla CMD, EIL Reviews LPG Cavern Project
more...

Market Watch
ONGC Seeks Minimum USD17 Price For Gas From Bokaro CBM Block
more...

Companies
Maire Tecnimont
more...


Oil India & homiHydrogen To Work Together In Green Hydrogen
more...


IOCL Partners Genrobotics To Develop Robots For Cleaning Confined Spaces
more...


AG&P Pratham Wins The India 2022 ‘Energy Company Of The Year’
more...

Press Release [FREE Access]
Latest Exclusives
June 30, 2022: Domestic natural gas scene in May 2022 presented dismal picture. Domestic production was below the targets by almost all producers. Import of LNG was down from the level in May 2021 resulting in lower consumption. Click Column Gas Scene for details.

June 29, 2022: The Ukraine war does not seem to have influenced India’s import and export of petroleum products during April and May. Import and export of petroleum products during this period continued without any abnormal fluctuation. Imports increased in April and May. So did exports during April-May though the rate of change differed. Click column Special Database for details.

June 27, 2022 | LNG Import Deal: India Needs Clean And Tough Negotiators | Petronet LNG Ltd, which comes under the administrative control of the ministry of petroleum and natural gas, has already initiated talks with RasGas of Qatar to renew its long-term LNG import contract. The RasGas deal has had a chequered history – and has earned a besmirched reputation for being one agreement that Indian negotiators botched up completely when they negotiated the terms of the contract. The quality of the new contract, now under negotiation, too depends on the integrity of the negotiators who will have to be fielded with the approval of petroleum minister Hardeep Singh Puri, who is acknowledged to be honest and professional. If something goes wrong with the new contract, Puri will have to own responsibility. Voltaire said history never repeats itself. He added a rider: “But Man always does.” India’s ministry of petroleum and natural gas is in a piquant situation where it can test the truth of that aphorism. Click Free Access column Petro Intelligence for details.
Today's News [FREE Access]
Government gives ONGC, OIL, Vedanta freedom to sell crude oil
June 30, 2022: The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues that were still under its control. While contracts for oilfields awarded   more..


Advantage India as G7 wants Russia oil price cap
June 30, 2022: In a bid to weaken Russia’s ability to fund the Ukraine war, the Group of Seven (G7) leaders on Tuesday agreed to develop a price cap mechanism for Russian oil. According to reports, the G7 leaders discussed the US’ suggestion that a price cap decided by consuming countries be imposed. While the   more..


India pushes hard for Andaman deep water basin oil and gas exploration
June 30, 2022: According to media reports, India is actively pursuing oil and gas development in the Andaman deep water basin with the government preparing to fund an ONGC-led drilling effort and to ease approvals. The government's aim to increase domestic production of oil and gas and reduce imports at a time when high   more..


Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry
June 30, 2022: On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage   Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka,   more..


How Mukesh Ambani is charting Reliance succession plan
June 30, 2022: Billionaire Mukesh Ambani stepped down on Tuesday from the role of director of Reliance Jio, the telecommunication arm of Reliance Industries. Mukesh Ambani's 30-year-old son and non-executive director, Akash Ambani, was appointed chairman of the board of Reliance Jio, according to a regulatory filing by   more..


G7 commits to boost India’s clean energy transition in collaboration
June 30, 2022: Leaders from the G7 have finished their three-day meeting in a spa resort in the Bavarian Alps with a commitment to the Paris Climate Agreement, even as they agreed for close collaboration with developing countries to boost clean energy and resilience through new initiatives, comprising its commitment for Just   more..


Shell launches used oil management service
June 30, 2022: Energy major Shell has launched a new initiative, used oil management service, which it claims is to organise India’s waste oil disposal system and to increase the rate of re-refining thereby achieving its circular economy goals while reducing waste. The company has set a target to achieve net-zero   more..


EIG Hires De La Rey Venter as CEO of MidOcean Energy
June 30, 2022: EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that De la Rey Venter has joined the firm as Chief Executive Officer of MidOcean Energy (“MidOcean”) and as a Managing Director of EIG. MidOcean is an EIG-controlled LNG company seeking to create a   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
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
December 24, 2021: 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
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...

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
Anupam Agarwal Takes Over As OVL Director (Finance)
Anupam AgarwalAnupam Agarwal took over on June 18 as Director of Oil and Natural Gas Corporation Videsh Limited. Prior to this, Agarwal served as Executive Director (Finance) in Oil and Natural Gas Corporation more...

S. Bharathan Will Be The Next Director, Refineries Of HPCL
S. BharathanThe Public Enterprise Selection Board has selected Bharathan S for the post of Director (Refineries), Hindustan Petroleum Corporation Limited (HPCL). Subject to requisite clearances and ACC approval more...

Rajiv Agarwal Selected For EIL’s Director Tech Post
The Public Enterprises Selection Board (PESB) selected and recommended Rajiv Agarwal for the post of Director (Technical), Engineers India Limited; a post which is currently vacant. Presently, he is Executive Director, Engineers India Limited (EIL). He has over 34 years of experience. He holds a Bachelor’s degree in more...

Air Products Appoints Sushila Mani As MD Of Prodair Air Products India
Sushila ManiAir Products has appointed Sushila Mani as Managing Director of Prodair Air Products India Pvt. Ltd and she will lead Air Products’ world-class Engineering, Procurement and Construction (EPC) more...

Vinod Seshan Joins Oil India As Government Nominee Director
Vinod Seshan has been appointed as Government Nominee Director on the Board of Oil India ltd. His appointment shall be effective from June 14, 2022. Sehsan is an Indian Administrative Service (IAS) of the 2008 Assam cadre. Currently, he is acting as the Secretary of Agriculture Department, Govt of Assam. Prior to joining more...

Sanjay Jindal Assumes Charge As Director (Finance) Of EIL
Sanjay JindalSanjay Jindal, aged 54, will be serving as the CFO of EIL, effective june 20, 2022. Sanjay Jindal had assumed charge as Director (Finance) of Engineers India Limited (EIL), a Navratna PSU, on June 10, more...

Asheesh Joshi Appointed As Government Nominee Director On MRPL’s Board
Asheesh JoshiMangalore Refinery and Petrochemicals Limited has approved the appointment of Asheesh Joshi on the Board of MRPL as a Nominee Director. Asheesh is an Indian Administrative Service (IAS) officer of the 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
LNG Import Deal: India Needs Clean And Tough Negotiators
more...

Oil – The Latest WMD Deployed In The Ukrainian Conflict
more...

India Must Refocus Strategy To Grab Large Oil Assets Overseas
more...

BPCL Selloff Jinx: Fix The Regulatory Regime First
more...

Foreign Investment
Shell Lubricants To Double Its Retail Footprint
more...

Overseas Investment
Sri Lanka Awaits India’s Nod For New Credit Line Of Fuel Supplies
more...

Gas Scene
Domestic Natural Gas Scene in May 2022
more...


Essar, GEECL, Make Significant Progress In CBM Gas Development
more...


Sector-wise Consumption of natural gas in April 2022
more...


Trends In Natural Gas Prices: Global And Domestic
more...


LPG Consumption Continues Grow Forcing Larger Import
more...


Domestic Natural Gas Scene: Production Marginally Up, Consumption Down
more...


LPG Profile Based On LPG Marketing In FY 2021-22
more...


Natural Gas Price Trends: Global and Domestic
more...


Sector-Wise Consumption Of Natural Gas
more...


Domestic Natural Gas Scene: March 2022, FY 2021-22
more...


Share Of R- LNG, Domestic Gas In Sector-wise, Month-wise Consumption of Natural Gas
more...


India’s Natural Gas Import Dependency
more...


Natural Gas Price Trends: Global and Domestic
more...


Sector-Wise Natural Gas Consumption in February 2022
more...


Coal Bed Methane (CBM) Gas Development In India
more...


Domestic Natural Gas Scene: February 2022
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
No Ukraine War Influence: Import, Export Of Petroleum Products During April-May 2022
more...


Ukraine War Impact: GRMs Of Indian Refineries - IOC, BPCL, HPCL, MRPL Double In FY 2021-22
more...


OPEC’s Share In India’s Crude Import Sharply Down, but Total Import Up
more...


Sector-Wise, Type-Wise Crude Oil Processed by Refineries in May 2022
more...


Inconsistent Growth In Consumption Of Petroleum Products
more...


India’s Increasing Petroleum Products Surplus
more...


Precise Share of Imported And Domestic Crude In Total Processing Year-wise
more...


Capital Expenditure Targets Of Oil Marketing Cos Down, ONGC Videsh Up In Current FY
more...


India’s Overseas Crude Production vis-a-vis Domestic Crude Output
more...


Refining Margins On The Rise Everywhere
more...


Price Movements In Indian crude basket
more...


Power deficit Widens, Diesel Sale goes up
more...


Petroleum Products: Industry Consumption Trend Analysis In FY 2022-23
more...


Petroleum Products Consumption Registers Impressive Growth In April
more...


Import, Export Of Petroleum Products Register Impressive Growth In April
more...


OPEC Share In India’s Crude Oil Import Declines, Total Import Up in April
more...


Analysis of crude oil processed in April
more...


Share Of Petroleum Products From Domestic Crude
more...

Tenders [FREE Access]
Cairn Oil & Gas
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved