Policy
ONGC May Find Survival Difficult Without Bombay High, Bassein Fields
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LNG Import To Slow Down, 15% NG Share Target Looks Difficult
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RIL Exits Overseas Oil And Gas Exploration Business
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Cut In Excise Duty On Petrol, Diesel A Political Move To Please Farmers
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Post Festive Season, Diesel Demand Drops, Petrol’s Up
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Regulation
Ethanol Emerges As A Politically Sensitive Product In India
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IOC To Raise Refining Capacity As The World Shies Away From It
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Ignoring Protests, 50 CGD Areas To Be Declared As Common Carriers
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McDermott’s Role In KG D6 Cluster Project Comes In For Praise
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Alternative Energy / Fuel
NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
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New Projects
Thyssenkrupp Wins Project From Numaligarh Refinery
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Azure Power Signs PPA Solar Projects
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NRL’s Expansion Cost Escalates
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Market Watch
Centre Aims To Set Up 1,000 LNG Stations
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Companies
Deep Industries
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ONGC To Invest Up To ₹60 billion In OPaL Via CCDs
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Saudi Aramco Sign Feedstock And Marketing MoU With ONGC
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NTPC Ties Up With IndianOil For Renewable Energy
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Press Release [FREE Access]
Latest Exclusives

December 7, 2021: Column Gas Scene had already uploaded data concerning gross and company-wise production of natural gas and LNG import during October 2021. Sector-wise consumption data which reached late is now uploaded. Click column Gas Scene for details.


December 6, 2021: October witnessed a surge in import and export of petroleum products indicating the revival of the economy and operations of Indian refineries. Click column Special Database for product-wise details.


November 25, 2021 | BPCL Selloff Fans Adani’s Ambitions: The privatization of the second largest oil marketing company, Bharat petroleum Corporation Ltd (BPCL), is sought to be achieved during the current financial year which ends on March 31,2022. The task is not all that easy. Of the two foreign equity companies which entered the race of BPCL, one has already exited. According to market circles, privatization of BPCL, as is being planned by the government, can be accomplished only if the Adanis enter the picture. Billionaire Gautam Adani has not so far evinced any interest in BPCL. But he is keen to enter petrochemicals and refinery and has also registered a fuel retailing company along with Total of France. All these can be achieved by acquiring BPCL. Gautam Adani does not have to do it directly. The foreign equity company, Apollo Global, which is negotiating with the government will do the job. In fact, it would not have entered the race for BPCL without negotiating with the potential buyers. Equity institutions do not run oil companies. Aramco has been consistently interested in the petroleum retailing market in India. Though there is no direct evidence, sources say Apollo Global could be fronting for Aramco as well. In the swiftly shifting market conditions in India, the possibility of Aramco picking up Adanis as a partner cannot be ruled out. Click Free Access column Petro Intelligence for an exciting report.
Today's News [FREE Access]
India has fourth largest foreign exchange reserves in world: MoS Finance
December 7, 2021: India currently has the fourth largest foreign exchange reserves in the world, Minister of State for Finance Pankaj Chaudhary told Lok Sabha on Monday. As on November 19, 2021, he said the forex reserve stood at USD 640.4 billion. Replying to another question, he said the details of the   more..


Sudan owes ONGC Videsh $560 mn in unpaid dues: Govt to Parliament
December 7, 2021: OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had a 25 per cent stake in Block 2A&4 in Sudan. Sudan owes ONGC Videsh Ltd (OVL) a total of USD 560 million in unpaid oil dues and cost of pipeline built by the Indian firm built for the African nation, the government told   more..


Oil’s not well with domestic production
December 7, 2021: The threat of the Omicron variant has spooked global markets, taking oil prices lower. But this could be only transient as global oil demand still exceeds supply this year. Brent crude prices ruled at levels of $71 a barrel last week, well below the average of $84 in October, but are substantially up on the   more..


Centre: Oil PSUs have diversified petroleum basket and procuring crude from countries globally
December 7, 2021: The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that to ensure the security of crude supplies and to mitigate the risk of dependence on crude oil from a single region, Oil Public Sector Undertakings (PSUs) have diversified   more..


Centre: Average consumption of Pradhan Mantri Ujjwala Yojana beneficiaries increase
December 7, 2021: The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that State/UT-wise details of total new LPG connections, including LPG connections released under Pradhan Mantri Ujjwala Yojana (PMUY) during 2020-21 and 2021-22   more..


Sheikh Nahyan opens Ocean Oilfield’s new integrated shipyard in Abu Dhabi
December 7, 2021: Sharjah-based Ocean Oilfield, an oil and gas drilling company, has opened its new integrated shipyard in Abu Dhabi’s Musaffah. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence inaugurated the facility. “I hope this new facility of Ocean Oilfield in Musaffah will   more..


HPCL’s MK Surana explains input cost math for OMCs
December 7, 2021: Costs rise for oil marketing companies (OMCs) when the cost of land goes up, MK Surana, chairman and managing director of Hindustan Petroleum Corporation (HPCL), told CNBC-TV18. He further said that discussion is in place currently with city gas distribution companies with regards to a commission rate.   more..


Gail opens a new round for submission of proposals from Start-Ups
December 7, 2021: To support the Start-Ups operating in identified focus areas, GAIL (India) Limited plans to invest in such companies through its Start-Up initiative 'Pankh'. The state-owned company has now opened a fresh Round for Solicitation of Investment Proposals from the Start-Ups operating in areas such as   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
Future Power Grid Vision - Grid Of Microgrids - Part 1
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...

Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path.   more...

Climate Action- Achieving Green and Inclusive Growth
The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the issues with more...

Crude collapse to crush US petchem advantage
By: Joseph Chang, Global Editor, ICIS Chemical Business The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage while global demand is being slammed by the continuing spread of the coronavirus. Financial markets are seizing up, throwing a wet blanket on new 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
R. Narang Recommended For Director (Finance) of HPCL
Rajneesh NarangThe Public Enterprises Selection Board (PESB) has recommended the name  of Mr. Rajneesh Narang (Executive Director, HPCL) for the post of Director (Finance) of Hindustan Petroleum Corporation more...

Four New Independent Directors Appointed On ONGC Board
Reena Jaitley, Syam Chand Ghosh, V Ajit Kumar Raju and Manish Pareek have been appointed as non-official independent directors on board of ONGC. V Ajit Kumar Raju is a practising chartered accountant with more than 21 years of experience. He is a partner at M/s. D M Associates. Syamchand Ghosh is an educationist and social more...

Essar (India) Appoints Shruti Joshi As Chief Financial Officer
Shruti JoshiEssar India Limited has informed that the Board of Directors has appointed Shruti Rahul Joshi, as the Chief Financial Officer of the Company pursuant to Section 203 of the Companies Act, 2013. Shruti 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]
BPCL Selloff Fans Adani’s Ambitions
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How India’s Oil Exploration Was “Rigged”
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Fighting The Rot Within
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Hardeep Puri Needs To Put The House In Order
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Foreign Investment
Trafigura To Exit Nayara Energy
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Cairn To Partner With Halliburton For Shale Exploration
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Cairn Announces Partnership With Baker Hughes
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Overseas Investment
Trinity Lubes Opens First Plant In Sharjah
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Gas Scene
Sector-Wise Consumption of Natural Gas In October 2021
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Domestic Natural Gas Scene In October 2021
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Sector-Wise Consumption Of Natural Gas
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Expanding Natural Gas Infrastructure
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Domestic Natural Gas Scene in September 2021
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Natural Gas Price Trends: Global And Domestic
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Dip In Capacity Utilisation of LNG Terminals
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene in August 2021
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Sector-wise Consumption Of Natural Gas in July 2021
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Domestic Natural Gas Scene In July 2021
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Natural Gas Price Trends: Global And Domestic
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Sector-Wise, Month-Wise Demand & Consumption of Natural Gas
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Growth In Import Dependency Of Natural Gas Halted
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Natural Gas: India’s Increasing Import Dependency
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CGD Becomes An Attractive Business In India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Petroleum Products Import Up 28%, Exports Up 37.9% In October
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Growth, Degrowth In Sales of Passenger Vehicles, Two Wheelers
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Industry Consumption Trend Analysis April - October 2021
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Crude Oil Impot Up In October, OPEC Share Down
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Share Of Domestic Crude Down In Total Processing, HS Crude Share Up In October
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Consumption Of Petroleum Products Up 0.8 % In October 2021
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Power supplied and deficit for October 2021
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Plant Fuel & Loss
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Production vis a vis Consumption Of Petroleum Products
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Total Distillates Production In Crude Processing Of All Refineries in India
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Oil Import - Volume And Value
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Specific Energy Consumption Of PSU Refineries
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Oil Demand in 2022 To Average 100.8mb/d, says OPEC Report
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Distillate Yield Of PSU Refineries
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Price movements in Indian Basket in October 2021
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Petroleum Products Consumption Trend Analysis 2021-22
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Power supplied and deficit for September 2021
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Import, Export Of Petroleum Products Increase in September 2021
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4% Decline In Crude Oil Import From OPEC, Total Import Up By 16%
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Analysis of crude oil processed by refineries in September
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Self-Sufficiency In Petroleum Products
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Sales Of Passenger Cars, Utility Vehicles,Two Wheelers Register De-growth In September
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Product-Wise petroleum products consumption in September 2021
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Tenders [FREE Access]
ONGC
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ONGC
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