Policy
US Crude Turns Unattractive For India, PSUs In A Fix
more...


HPCL-MRPL May Merge With IOC After BPCL’s Fate Decided
more...


Freeing Up Gas Price: Agreed But Reluctant To Act
more...


Challenges In Transforming GAIL After Mandated Unbundling
more...


Refineries Operate At Lower Capacity As Demand Remains Low
more...

Regulation
India’s Natural Gas Consumption Makes Significant Recovery
more...


Mangala Field Completes 11 Years Of Successful Production
more...


PNGRB Acts To Regulate Force Majeure Invocation In CGD Sector
more...


Status Of Shale Oil & Gas Development In India: An Assessment
more...

Alternative Energy / Fuel
GAIL And CCSL Sign MoU For CBG Projects
more...

New Projects
CPCL To Infuse Rs 18.50 Billion In BS VI Auto Fuel
more...


CPCL Cauvery Basin Project Gets Environmental Nod
more...


BPCL To Commission Bokaro LPG Bottling Plant In December
more...


India To Divert 100 MT Coal To Gasification Projects
more...

Market Watch
IOC To Use Solar Power At Retail Outlets
more...

Companies
Nabors Industries Ltd
more...


ONGC Reports East Coast Deep-Water Oil And Gas Find
more...


IOC Raises Borrowing Limit
more...


Engineers India Wins New Order
more...

Press Release [FREE Access]
Latest Exclusives

September 18, 2020: Assam is the largest state in the North–East region of India. It was here that oil was discovered first in India more than a century ago. Oil India Ltd has been the biggest E&P player in in the North-East. No large field so far, but the region has been contributing consistently to the country’s oil and gas production. Click column Special Database for details of crude oil and gas production in the North–East of India.

September 17, 2020: Natural Gas Price Trends: Global And Domestic. Click column Gas Scene for details. 

September 16, 2020: Upstream activity refuses to recover. Global rig count which is indicative of the health of the upstream industry continues to decline. Demand for drilling rig is highly dependent on crude oil price which refuses to move up. Click column Special Database for an update of global upstream activity and rig count.
September 10, 2020 | Refinery Politics: Where Will Aramco Commit Its Money?: The global oil industry was going through a pretty hellish phase already long before the pandemic broke. Oil behemoths had started to cut back on plans and flirt with cost-cutting strategies to conserve cash. When Aramco signed the MoU for a mega refinery in India the world crude price was ruling around $ 72 a barrel. The oil-price crash has hit the finances of Aramco badly. Its debt has been rising even as crude price shows no sign of going up from the present level of $ 40-45 per barrel. The pandemic has forced a thorough review of investments in petroleum projects the world over. How profitable is investment in refineries these days? On present reckoning, only a miracle can bail out the mega refinery project. Click Free Access column Petro Intelligence for a comprehensive piece on the subject.
Today's News [FREE Access]
International lenders back $9.5 bln financing for Russia’s Arctic LNG 2
September 19, 2020: International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion project, which received final   more..


Saudi Arabia crude exports rebound in July from historic lows
September 19, 2020: Saudi Arabia's crude oil exports rebounded in July to 5.73 million barrels per day (bpd) from a record low in June, official data showed on Thursday. At 4.98 million bpd, crude exports in June were the weakest on record, according to data from the Joint Organizations Data Initiative (JODI) stretching   more..


Delhi govt to release plan to set up 200 EV public charging stations
September 19, 2020: All government agencies in Delhi including the three Municipal Corporation of Delhi (MCDs), New Delhi Municipal Council (NDMC), Delhi Development Authority (DDA), Public Works Department (PWD), Transport department, Delhi Transport Corporation (DTC), Delhi Metro Rail Corporation (DMRC), DSIIDC, etc, will   more..


Sterling and Wilson Solar bags 106.71 MW solar project order in Chile
September 19, 2020: Sterling and Wilson Solar on Thursday said it has won a 106.71 MW solar project in Chile, its fifth in Latin America, worth USD 62.6 million (about Rs 4.62 billion). "Sterling and Wilson Solar has signed an order of 106.71 MW worth USD 62.6 million in Chile. The order has been received from a global   more..


India-US strategic energy partnership takes deep roots: Amb Sandhu
September 19, 2020: The strategic energy partnership between India and America has taken deep roots in a short span of time, India's top diplomat to the US has said, asserting that this cooperation can energise the economic recovery of both the countries. The US remains a critical partner for India in   more..


Centre set to sanction two petro-chemical complexes to AP
September 19, 2020: The state government is planning a comprehensive survey to provide required infrastructure to industries in the state. Industries minister Mekapati Gautham Reddy said the survey will identify the shortcomings in the management of the industries and suggest the remedies. Speaking to reporters at APIIC   more..


Despite crude on rebound, sharp cuts in fuel prices in India
September 19, 2020: Petrol and prices in the country have fallen sharply again even though global oil prices rebounded and rose over $43 a barrel marking its fifth consecutive day of rise. On Friday, the pump prices of petrol and diesel fell by 26 and 35 paisa per litre, respectively in the national capital making it one of   more..


Azerbaijan produces 129bn cubic meters of gas from Shah Deniz
September 19, 2020: Azerbaijan has produced over 129 billion cubic meters of natural gas and more than 29 million tons of condensate from its largest gas field Shah Deniz since its commissioning in 2006, Azertag reported with reference to SOCAR's First Vice President Khoshbakht Yusifzade. Yusifzade said   more..

Petropulse / Guest Column
Currently cost to subsidize kerosene and LPG is Zero: Will NDA dare to end Subsidy Raj?
By Bhamy V. Shenoy EveBhamy V Shenoyry day we hear of dreadful stories of pandemic - not just the sad stories of the worsening death rate, but also the suffering 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
Climate Action- Achieving Green and Inclusive Growth
August 7, 2020: 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 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...

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...

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
K Padmakar Is Officiating CMD Of BPCL
K. PadmakarK Padmakar, Director (HR) has been entrusted with additional charge of Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL) until further orders by the Ministry of Petroleum & more...

Satpal Garg To Join As New PNGRB Board Member
Satpal GargThe Appointments Committee of the Cabinet has approved the proposal for appointment of Satpal Garg, retired Director-Finance of ONGC Videsh Ltd (OVL) to the post of Member-PNGRB. Satpal Garg, will join as more...

Kothari’s Central Deputation Extended
navneet mohan kothariCentral deputation tenure of Navneet Mohan Kothari has been on extended for a period of 2 years beyond April18,.2021. He is working as Joint Secretary, Ministry of Petroleum & more...

UK Bhattacharya Appointed Director NTPC
uk bhattacharyaUjjwal Kanti Bhattacharya has taken charge as director (projects) at NTPC, India's largest generation utility. He will superannuate on November 30, 2023. Bhattacharya joined NTPC's ninth 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
Refinery Politics: Where Will Aramco Commit Its Money?
more...

Aramco’s Due Diligence: The new twist in a riveting ‘Sop Opera’
more...

BPCL Privatisation Must Be Anchored To A Sectoral Strategy
more...

High Fuel Prices Can Implode A Faltering Economy
more...

Foreign Investment
Total Sees Growth In Battery Business In India
more...

Overseas Investment
ONGC Not In A Hurry For Investment Overseas
more...

Gas Scene
Natural Gas Price Trends: Global And Domestic
more...


Recoverable Coal Bed Methane Reserves
more...


Domestic Natural Gas Scene in July 2020
more...


Import of Liquefied Natural Gas (LNG)
more...


Natural gas price trends: Global & Domestic
more...


Sector-wise Consumption Of Natural Gas In June 2020
more...


Changing Fortunes of India’s LNG Regasification Terminals
more...


LNG Consumption By Power Sector Jumps, Power Consumption drops
more...


India’s Rising Gas Import Dependency
more...


Sector Wise Demand And Consumption Of Natural Gas
more...


Competiveness Of Pipelines vs LNG
more...


Transnational Pipelines - Operating or Under Construction
more...


CGD Growth Over The Years
more...


India’s Increasing Gas Import Dependency
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Crude Oil and Natural Gas Production in North-East
more...


Upstream activity And Declining Global Rig count
more...


India’s Rising Self-Sufficiency Petroleum Products
more...


Prices In Indian Crude Basket In August 2020
more...


Expansion of Existing Refineries & Refining Capacity Addition over the years
more...


Update: The level of taxes on Petrol and Diesel and the Price Build Up in the capital city of Delhi
more...


Retail Selling Price Of Major Petroleum Products In India & Neighbouring Countries
more...


Refining Capacity & Refinery Crude Throughput
more...


Petroleum Products Import Up Even As Crude Import, Refining, Consumption Down
more...


Crude Oil Processing In July: Share of Domestic Crude Up, High Sulphur Crude Down
more...


India’s Crude Oil Import Plunges In July, OPEC Share Shrinks Further
more...


Power supplied and deficit: Region-wise position for July 2020
more...


Product-Wise Consumption In July 2020
more...


Update: FDI in India’s Petroleum Sector
more...


Update: Status of blocks under NELP (As on 1st April 2020)
more...


Distillate yield of PSU refineries: An Update
more...


Indian Rig Count vs. Indian Basket Crude Price
more...


Global Rig Count Falls In June 2020, US Worst Hit
more...


Indian Crude Basket prices in July 2020
more...


India’s Crude Oil Import Declines In June 2020, OPEC Share Shrinks
more...


Negative Growth In Vehicle Sales Impact Consumption Of Petrol, Diesel
more...


Covid-19 Impact Minimum In Offshore Oil and Gas Investments
more...


Covid -19 Impacts India’s Crude Oil Demand
more...


Crude Oil Import- Volume And Value
more...


Petroleum Sectors Contribution To Ex Chequer
more...


Declining Demand For PDS Kerosene
more...


Self-Sufficiency In Petroleum Products - An Update
more...


Capital Expenditure Of PSU Oil Companies - An Update
more...

Tenders [FREE Access]
ONGC Neelam & Heera Asset, Mumbai
more...

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