Policy
Challenges Facing The New Petroleum Minister
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Mega Refinery Location Inches Close To Nanar In Ratnagiri
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Tatas Interested In Acquiring Hindustan Petroleum Corporation Ltd?
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Petroleum Ministry’s Incremental Reforms In Fuel Retailing
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Rising Petroleum Products Consumption Nearing Pre-Covid Level
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Regulation
E&P Emerging As The Most Liberalised Sector In India
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India’s Strategic Crude Storage Benefits From Oil Deals
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Govt.’s Committed LPG Promotion Behind Demand Growth
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National Data Repository Begins To Generate Revenue
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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
IOC To Build India’s First Green Hydrogen Plant
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BPCL Plans Ethanol Plant In Telangana
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GPCB Holds Public Hearing For 487-Km Crude Oil Pipeline Project
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Market Watch
Excise Duty Collection On Petrol And Diesel Increases To 3447 Billion
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Ethanol Blending Improves From 1.53% To 7.93%
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Most Petrol Bunks Lack Vapour Recovery Devices
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Companies
EnQuest PetroSolutions
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Baidyanath To Start Country’s First Commercial LNG Filling Station
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HPCL Partners Tata Power To Set Up EV Charging Stations
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Press Release [FREE Access]
Latest Exclusives

July 29, 2021: Domestic natural gas scene continues to present a bright picture on account of the increased production by private parties. RIL-BP’s production from KG-D6 pushed up total domestic production, net availability and consumption despite the fall in ONGC production and lower import. Click column Gas Scene for details.

July 28, 2021: Petroleum products consumption is back to normal according to official figures. Not exactly. High Speed Diesel consumption is still lagging behind and could not catch up with the level of last June. Motor Spirit consumption is already back to normal and has been registering growth but Diesel matters more in Indian economy. Click column Special Database for product-wise performance in June 2021.

July 26, 2021 | India’s Business Ties With Saudi Arabia, UAE Call For A New Dimension: India was no more than a blip in the radars of Saudi Arabia and UAE. But things changed suddenly three years ago. What changed their perceptions about India? Their new-found interest in India had a lot to do with the anticipated surge in the country's demand for crude oil and natural gas with the estimates put at 2.5 times and 4.5 times respectively. The investments so far committed are confined to the downstream sector. The business ties call for a new dimension. Why can’t Saudi and UAE, the two leading oil producers, be persuaded to involve India in a significant way in their upstream and mid-stream activities? Saudi Arabia is not a major player in gas and is currently placed sixth in terms of gas reserves The Saudis will definitely go in for LNG production. Once, it starts to exploit its gas reserves, there will be scope to accommodate India in the project. But Riyadh should be convinced that such an arrangement will yield mutual benefits. After all, India needs a lot more gas than oil at this stage of its development. Click Free Access column Petro Intelligence for details.

Column Policy has a speculative report about the possibility of the Tatas acquiring Hindustan Petroleum Corporation Ltd .The new petroleum minister faces several challenges of which the most serious is the surging retail prices of petrol and diesel. The mega refinery location in coastal Maharashtra cannot be at Nanar in the Ratnagiri district as it was this location which triggered the agitation led by the Shiv Sena. But the renewed efforts to identify a suitable location has led to a village very close to Nanar. These are among the five subjects in column Policy.

Today's News [FREE Access]
India’s Petroleum Minister completes GCC energy consultations
July 29, 2021: India’s new Minister for Petroleum and Natural Gas, Hardeep Singh Puri, has completed a round of consultations through courtesy calls to major oil producing countries in the Gulf. India has strong energy relationships with oil and gas producers in the GCC area, which accounts for the bulk of India’s   more..


State-run oil companies spend one-fifth of annual capex target in Q1
July 29, 2021: State-run oil companies have spent Rs 200 billion, nearly a fifth of their annual capex target of Rs 1050 billion, in the first quarter this year, as per the Oil Ministry data. Bharat Petroleum (BPCL) has spent at the fastest pace among state-run companies, using up 39 per cent of its annual   more..


NGT joint panel seeks 26L compensation from HPCL
July 29, 2021: The joint committee constituted by the National Green Tribunal (NGT) proposed an environmental compensation of 2.6 million against the Hindustan Petroleum Corporation Limited (HPCL) for damages caused during the fire mishap on May 25. The committee submitted its report on July 23 and was released   more..


Oil companies spent Rs 7.58 billion from CSR funds in last 5 years in Odisha
July 29, 2021: State-run oil companies spent Rs 7.58 billion from their corporate social responsibility (CSR) funds in Odisha in the last five years, with Indian Oil Corp accounting for 57 per cent of the spending, junior oil minister Rameswar Teli told parliament on Wednesday. Indian Oil Corp spent a total of   more..


Confidence Petroleum India reports consolidated net profit of Rs 178.1 million in the June 2021 quarter
July 29, 2021: Net profit of Confidence Petroleum India reported to Rs 178.1 million in the quarter ended June 2021 as against net loss of Rs 70.2 million during the previous quarter ended June 2020. Sales rose 138.77% to Rs 2.2165 billion in the quarter ended June 2021 as against Rs 928.3 million during the   more..


India’s C&I rooftop solar segment to add 1,875 MW capacity in 2021: Report
July 29, 2021: The commercial and industrial (C&I) segment in India is expected to add 1,875 megawatt (MW) of new capacity in 2021, an increase of 47 per cent compared to the previous year, according to a recent report released on Wednesday. It added that the rate of rooftop solar capacity addition by   more..


Share of non-fossil fuel based generation capacity rises to 39 per cent
July 29, 2021: Non-fossil fuel sources now account for 39% of India’s power generation capacity, a fact that will help the country surpass its NDC (nationally determined contribution), or carbon reduction commitment under the Paris climate agreement, thanks to the Narendra Modi government’s aggressive renewable   more..


LNG price recovery spurs investment in race against carbon targets
July 29, 2021: The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term. Renewed optimism as the industry emerges from the pandemic, rapidly   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
Air Products Names Melissa Schaeffer As Next CFO
Melissa SchaefferAir Products has announced that Executive Vice President and Chief Financial Officer (CFO) Scott Crocco plans to retire on September 30, 2021 following a distinguished, 31-year career with the more...

Sanjeev Tokhi Selected For Board-Level Position
The Public-sector head-hunter (PESB), has selected Sanjeev Tokhi for the post of Director (Exploration), ONGC Videsh Limited. Tokhi has been recommended for the post of Director (Exploration) of ONGC Videsh from a list of five candidates, who were interviewed by the selection panel. All the candidates, who appeared for the more...

Gujarat State Petroleum Appoints Dr. Rajiv Kumar Gupta As Director
Dr. Rajiv Kumar GuptaGujarat State Petroleum Corporation Limited has appointed Dr. Rajiv Kumar Gupta as Director of the Company. The appointment of Dr. Rajiv Kumar Gupta, IAS with effect from 8th July 2021 has more...

TCG Group Appoints B Anand To Head Polymer Projects Business
B. AnandUS-based TCG Group has appointed B Anand to head the development and implementation of large-scale polymer projects. Anand, who will take over as CEO in September, will be responsible for building and driving 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.

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Petro Intelligence [FREE Access]
India’s Business Ties With Saudi Arabia, UAE Call For A New Dimension
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RIL-Aramco Alliance To Explore New Frontiers
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BPCL Selloff Entering An Uncertain Phase
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BPCL Selloff Plan’s Success Hinges On Creation Of Effective Regulator
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Foreign Investment
Aegis Logistics To Form JV With Royal Vopak
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Cabinet Eases Foreign Investment Rules
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Overseas Investment
Fuelbuddy To Start Doorstep Delivery Of Fuel In UAE
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Gas Scene
Domestic Natural Gas Scene: June 2021
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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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Natural Gas Price: Global and Domestic
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Sector-Wise Consumption Of Natural Gas In May 2021
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Natural Gas At A Glance in May 2021
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Natural Gas Price Trends : Global And Domestic
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Sector-Wise Consumption Of Natural Gas, In April, FY 2020-21
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Domestic Natural Gas Scene In April 2021
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Trends In Natural Gas Price: Global and Domestic
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Gas Sector Presents A Positive Picture In March 2021
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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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Domestic Natural Gas Scene In March 2021
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Natural Gas Price Trends: Global and Domestic
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CGD Becomes An Attractive Business In India
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Sector-Wise Natural Gas Consumption In February 2021
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Domestic Natural Gas Scene in February In 2021
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Natural Gas Price Trends: Global & Domestic
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Petroleum Products Consumption: Normalcy Restored?
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Refinery-wise Gross Refining Margins (GRMs) of Indian Refineries during FY 2020- 21
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India’s Oil Import - Volume, value and Price USD/Barrel
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Vedanta’s vertical Cairn Oil & Gas Claims Progress In All Areas of Operation
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Shift In India’s Crude Import Pattern Witnessed In May 2021 Temporary Or Lasting?
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Indian Drilling Rig Count In May 2021
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Biggest Contribution To Oil demand Growth To Come OECD Americas
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Global Rig Count Registers A Big Increase In May 2021
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Indian Crude Basket Prices In June 2021
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Rising Consumption In Petrol leads to Impressive Growth in Passenger Vehicle/2 Wheeler Sales
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Long Term Performance Improvement Program For PSU Refineries Being Expanded
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Industry Consumption Trend Analysis 2020-21
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Improved Power Situation To Reduce Diesel Consumption
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Petroleum Products In May: Sharp Fall In Import, Marginal Drop In Export
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Refineries Process More Crude In May, Share Of Domestic Crude Down, HS Crude Up
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India’s Crude Oil Import Up In May, OPEC share Down
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Petroleum Products Consumption In May 2021
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Pricing of crude oil In India
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Tenders [FREE Access]
ONGC
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ONGC
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