Policy
After Black Swan Saudi Oil Outage, Where Will Prices Be?
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Tellurian- Petronet LNG Deal Triggers Questions
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Who Will Get BPCL: Aramco? Rosneft? Shell? Total? Or RIL?
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India’s Increasing Dependency On Oil and Gas Imports
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Lowering Of Price For Domestically Produced Gas To Hit ONGC, OIL
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Regulation
Govt.’s National Seismic Program Makes Progress
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Drop In Naphtha Consumption To Impact On Refinery GRMs
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ONGC Advised To Form Execution Focussed Partnership For CBM
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Govt. Proposes Minimum 1 Charging Station In 3Km x 3Km Grid
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Alternative Energy / Fuel
Ethanol Blending With Petrol Program Makes Progress
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Ethanol Procurement Price Increased
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New Projects
Valmet To Provide Biomass Treatment System
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IHB To Raise Rs 67 Bn To Complete Kandla-Gorakhpur LPG Pipeline
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Market Watch
Eint Automotive Launches BPCL’s MAK Lubricants In Oman
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Companies
EXPRO
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Indraprastha Gas Added 54 CNG Stations In 2018-19
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Savita Oil Technologies Signs Agreement With Aegis Logistics
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Press Release [FREE Access]
Latest Exclusives

October 18, 2019: Oil India Ltd (OIL), the second upstream PSU, is acknowledged to be an efficiency run company. Click column Special Database for its latest operating performance, balance recoverable reserves, reserve replacement ratio and reserves split by geography.


October 17, 2019: Natural Gas Price Declines Globally And In India, click Gas Scene for details. 


October 16, 2019: The Indian basket of Crude Oil represents a derived basket comprising of Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries in the ratio of 74.77:25.23 during 2017-18. How did oil price in Indian basket of crude behave in September 2019? Click column Special Database for details.


October 10, 2019 | Here We Go Again – Tellurian LNG, More Questions Than Answers: Amazing spectacle of consistent bungling: this sentence sums up the history of India’s LNG deals so far contracted. Some of the deals have been renegotiated but still Indians end up paying a price higher than what their counterparts pay elsewhere. The country does not have a shortage of talents to negotiate such deals, but those who know the subject are seldom associated and those associated have deep vested interests. What about the recent Tellurian-Petronet LNG deal? It is perceived to be a big initiative by Prime Minister Narendra Modi during his recent visit to the US. Prime Ministers and presidents do not negotiate deals. It is done by the concerned people. How wisely has it been negotiated by the PLL leadership? So many questions have already been raised about the deal. The share market too reacted adversely. Is it a case of massive bungling as alleged by its critics? Our Free Access column Petro Intelligence carries the most insightful and comprehensive piece on the deal so far to appear in the media. A well - researched piece with no malice whatsoever.

Today's News [FREE Access]
US LPG entrenches itself as regular supply source to India: traders
October 18, 2019: LPG is being shipped to India from the US in November, making it a regular supplier to Asia's second-largest importer since flows began in April, as traders widen sources to meet spot or term commitments after the attacks on Saudi Arabia's oil facilities in September disrupted supply, market sources   more..


Reliance seeks LNG cargo for late November delivery
October 18, 2019: India’s Reliance Industries is seeking a liquefied natural gas (LNG) cargo for delivery on November 27-29, two source familiar with the matter said on Thursday. The refiner is seeking the cargo on a delivered ex-ship (DES) basis, in a tender closing on Thursday, the sources said.    more..


Pradhan Mantri Ujjwala Yojana brought Rs 30 billion investment, generated 3,000 jobs in Northeast
October 18, 2019: The Centre’s flagship scheme Pradhan Mantri Ujjwala Yojana (PMUY) has not only provided clean fuel to poor households, but also entailed an investment of over Rs 3,000 crore in the northeast, a senior official has said. It has created more than 3,000 jobs in the region during the last two-and-half   more..


ADNOC, Adani, BASF, Borealis ink MoU to study joint development of $4-bn chemical complex in Mundra
October 18, 2019: Taking forward their announcement on joint investments made in January this year, BASF and Adani have jointly announced the signing of a Memorandum of Understanding (MoU) with Abu Dhabi National Oil Company and Borealis AG, to undertake a joint feasibility study to evaluate collaboration on for the   more..


India’s Ingenious Way Around U.S. Oil Sanctions
October 18, 2019: Indian Nyara Energy has been buying Venezuelan crude oil from Rosneft and paying in fuel instead of cash to avoid a breach of U.S. sanctions against Caracas, Reuters reports, citing three unnamed sources claiming familiarity with the matter.Nyara, which is an affiliate of Rosneft, delivered gasoil and   more..


Will oil companies’ Q2 numbers fuel investor confidence?
October 18, 2019: Shares of Reliance Industries Ltd (RIL) have increased as much as 18% since its annual general meeting on 12 August where chairman and managing director, Mukesh Ambani, said the company will be a zero net debt one within the next 18 months by 31 March 2021. In that backdrop, when RIL announces its September   more..


Petrol, diesel price at its lowest this month. 5 things to know
October 18, 2019: As crude oil rates continue to slide, the price of petrol and diesel have reached its lowest in October. After leaving fuel rates untouched in the last two days, state-run oil marketing companies made no change in prices for the third consecutive day today. Although petrol, diesel prices have dropped since   more..


Saudi crude oil exports rose to 8.22 million bpd in August
October 18, 2019: Saudi Arabia's crude oil exports in August rose to 8.22 million barrels per day (bpd) from 6.88 million bpd in July, official data showed on Thursday. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures to the Joint Organizations Data   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. (Retd) S.C. N.Jatar* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is 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
Sushil Chandra Mishra Takes Over As CMD Of Oil India
Sushil Chandra MishraSushil Chandra Mishra has taken over as Chairman and Managing Director (CMD) at Oil India Limited (OIL). Mishra with over 35 years experience in upstream sector, has deep expertise in commercial matters more...

Bernard Looney To Replace Chief Executive Dudley At BP
Bernard LooneyBP has announced that Bernard Looney, will replace Chief Executive Bob Dudley when he steps down on February 4, 2020. Bernard Looney, 49, currently chief executive, Upstream, will succeed Dudley as more...

Castrol India Appoints Rakesh Makhija As Independent Non-Executive Director
Rakesh MakhijaCastrol India Limited, the automotive and industrial lubricant manufacturing and marketing company, has announced the appointment of Rakesh Makhija as an independent non-executive director to its Board more...

Reghu Padmanabhan Appointed Head Of Expro Indian Operations
Reghu Padmanabhan has been appointed head of Expro’s Indian operations. Reghu was the Sales and Marketing Manager at Weatherford from August 2015. Earlier he worked with Baker and Hughes for a period of 17 years from 2007 rising to be country manager for new business development. Reghu holds a masters degree in 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]
Here We Go Again – Tellurian LNG,More Questions Than Answers
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Bring Fair Play Back Into Petroleum Industry Regulation
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Rash Of Scandals: When Negotiators Scupper India’s Interests
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A Flurry Of Deals: Who Will Come Out On Top?
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Foreign Investment
Orb Energy Secures Shell Investment
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Hardy Oil & Gas Completes Sale Of Indian Unit For US $ 9 Million
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Overseas Investment
Petronet LNG To Buy Stake, In Driftwood Project
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Gas Scene
Natural Gas Price Declines Globally And In India
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Performance Story Of Petronet LNG’s West Coast Regasificaction Terminals
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Domestic Natural Gas Scene in August 2019
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Coal Bed Methane (CBM) gas development in India
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PNG Penetration Seems Hitting LPG Marketing
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Trends in Natural Gas Price: Global and Domestic (June 2019)
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Sector-wise Demand And Comsumption Of Natural Gas
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Domestic Natural Gas Scene In June 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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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Oil India Limited: Reserve Base, Operating Performance
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Indian Basket Crude oil price In September 2019
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Oil India’s Domestic & Overseas E&P Assets: An Update
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Complete Electrification of India’s Transportation A Far Dream
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Big Increase In Petroleum Products Import In August 2019
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Crude Oil Import Goes Up In August 2019, Down In April-August Period
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Decline In Growth Of passenger, commercial vehicles, 2-wheeler Sales In August 2019
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Power deficit: Region-wise position for August 2019 (% deficit)
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LNG Regasfication Terminals: Operating, Inaugurated, Completed, Under Construction, Planned, Proposed
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Capacity Utilization of India’s Operating LNG Regasification Terminals
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Status of blocks under OALP round of HELP and DSF rounds as on 1st April, 2019
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Domestic Oil & Gas Production vis-à-vis Overseas Production
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Declining Share Of Domestic Crude In Production Of Petroleum Products
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IOC - Upstream Portfolio & Recent Acquisitions
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World Oil Demand and Supply
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Indian Rig Count vs. Indian Basket Crude Price - July 2019
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BPCL’s Global Upstream Footprint: An Update Upto August 2019
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Indian Basket Crude oil price In August 2019
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ONGC Still Flares Natural Gas, But Drastically Reduced Flared Quantity
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Tenders [FREE Access]
ONGC
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ONGC
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