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Wild Rumours Aggravate Unpredictability Of Crude Oil Market
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Belated Cut In Petrol, Diesel Prices Unlikely To Make An Impact
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Hedging As An Option To Deal With Crude Market Volatility?
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India Looking For Investors To Back Strategic Oil Reserves
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Sovereign Fund For Foreign Buys Not A Good Idea
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ONGC For Securing Alliances To Develop New Resource Types
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Anil Agarwal’s Vedanta Bails Out OALP-1 With 41 Blocks
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HOEC Outsmarts Vedanta For OALP Block In Assam
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Concern Over Consistently Low GRM Of Indian PSU Refineries
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OMCs Directed To Install Vapour Recovery Devices At Fuel Stations
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APL To Lunch Pilot Project To Use Methanol For Cooking
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BHGE-McDermott- LT HE Wins Largest Indian Subsea Project For ONGC
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Chevron Lummus Global Announces Residue Upgrading Award
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Mundra LNG Terminal Inaugurated
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BPCL Board Approves Kochi Petchem Project
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Essar Begins CBM Gas Supply To GAIL
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Hindustan Colas Ltd.
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Long Term Rating Of Gulf Oil Lubricants India Reaffirmed
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Dorf Ketal Launches A New Plant For Manufacture Of mph And milEx
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- ONGC awards contract for Integrated (SPS + SURF) Work Package for Development of its Mega Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast
- Wild Well Announces New Onsite Rig Crew Training Service
- Ground-breaking ceremony held for Wärtsilä built Hamina LNG terminal
- Drones solving safety challenges within the tank storage industry
- Petroleum Minister visits ONGC Ankleswar Asset; puts well to production
- ONGC receives prestigious FIPI Oil & Gas Awards 2017
- IPOL Lubricants Goes Global
- MRPL 2018-19 Q1 results
- GAIL 2018-19 Q1 results
- Winning Bidders Of 9th CGD Bidding Round
- ONGC Results Q1 FY’19: Net Profit ` 6,144 crore, up 58.1% QoQ
- ONGC conferred with INFRA Icon Award in the ‘Global Energy' category
- ONGC, supported by Indian Navy, braves adverse weather conditions to plug leakage in Offshore Well
- New Sales Director India for Bentec GmbH Drilling & Oilfield Systems (Germany)
- SOPAN to Provide One of the Most Eco- friendly Enhanced Oil Recovery Solutions in India
- MRPL Annual Results
- ONGC drills 503 wells in FY’18 – Highest in 27 years
- Russian Oil Company Russna Oil offers petroleum products
- ONGC fosters Solar Chulha manufacturing to fuel Indian households sustainably
- MRPL wins BML Munjal award for Business Excellence through Learning and Development
- Dharmendra Pradhan Flags Off ONGC’s Ambitious KG-DWN-98/2 East Coast Project
- OTC ASIA 2018: Red Wing Shoe Company Safeguards Oil and Gas Crews in APAC with Lighter, Purpose-Built Personal Protective Equipment
- Black & Veatch named LNG industry EPC Contractor of the Year
- ONGC commits to gender parity on International Women’s Day
- Request for Purchase Enquiry for the Supply of Stainless Steel, Carbon Steel, Alloy Steel. All Other Types Pipes, Pipefitting, Flanges, Sheets, Plates, Coils, Shims, Bars
- ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
- Subhash Kumar takes charge as Director (Finance), ONGC
- ONGC Q3 FY’18 Results: Net Profit Rs. 50.15 billion, up 15.2% QoQ
- ONGC calls for industry level approach to mitigate oil field crises
- HPCL acquisition to make ONGC third largest refining company in India – DD Misra, Director (HR), ONGC
- ONGC acquires 51.11% stake of President of India in Hindustan Petroleum Corporation Limited
- SPG, India, Jaipur 2017: 25 Years of Energizing Exploration
- A world in transformation: World Energy Outlook 2017
- Fugro Commences Renewed Ongc Survey Contract Offshore India
- ONGC declares results for Q2 FY’18; records impressive production performance
- eDrilling signs MOU agreement with Petrovietnam University
- Prime Minister Narendra Modi dedicates Deendayal Urja Bhavan, ONGC’s Corporate Office
- Union Minister Dharmendra Pradhan inaugurates Skill Development Institute at Ahmedabad
- Total’s ‘Technical Centre Asia Pacific’ Research Centre is a boost to the Automotive Industry
- Dresser-Rand to supply equipment for CNOOC Limited’s offshore projects in China
- ONGC plans to double Gas Production in next 5-6 years – ONGC CMD
- Comments on draft National Energy Policy by Ajit Kapadia & Kirit Naik of CFSR - Part II
- Comments on draft National Energy Policy by Ajit Kapadia & Kirit Naik of CFSR - Part I
- ONGC declares results of Q1 FY’18; Reports 10.8% increase in Gas Production and 2.9% increase in Crude Production (QoQ)
- Black & Veatch wins India's first floating LNG project
- ONGC launches ‘Cleanathon Himalaya’ to clean three important tributaries of the Gange
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October 16, 2018: Achieving self-sufficiency in almost all areas of economic activity was the declared goal of India's economic planning. The planning Commission itself was dismantled four years ago. India achieved close to 70 per cent self-sufficiency in crude oil in the late 1980s following the accelerated production from Bombay High. Wrong production practices landed Bombay High in trouble and in the absence of major commercial discoveries, the share of domestic crude production against rising demand kept on shrinking. Click column Special Database for the latest position regarding self-sufficiency in petroleum products.
October 15, 2018: The state-owned, Oil India Ltd (OIL), has consistently been an efficiently managed company with a glorious past. Its foreign predecessor was the first to discover oil in India. For long, OIL confined its operations to North Eastern states of Assam and Arunachal. Now, OIL has E&P blocks in other parts of India and overseas. OIL has a long term plan to be a significant E&P player. Click column Special Database for details of its long term plan.
October 10, 2018 | Darker Truths Behind Roadblocks To Mega Refinery: Foreign investors do not rush in simply because India’s petroleum sector is considered to be the most promising in the world. There is a perception that oil majors of the Middle East are keen to invest in Indian refineries as they provide a market for their crude. This seems off the mark. What could be the calculations behind Saudi Aramco and ADNOC agreeing to pick up 50 per cent stake in the proposed 60 MMTPA mega refinery? Be it Kuwait Petroleum, Shell or Exxon-Mobil, all of them have a wider strategy for the Indian market. Their intentions need not be against the interest of Indian consumers who stand to benefit from competition. However, the PSU oil marketing companies would not like their position to be undermined by foreign oil companies. Is IndianOil comfortable with its role in the mega refinery? To what extent will the PSUs go to accommodate the demands of the foreign oil majors? Click Free Access column Petro Intelligence for an exciting, exclusive report on the subject.
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India hopes to finalise partners for strategic oil reserves within a year
October 16, 2018: India hopes to forge partnerships with private players to build out its strategic petroleum reserves within the coming year, the head of Indian Strategic Petroleum Reserves Ltd (ISPRL) said on Monday. India’s government approved two strategic petroleum reserve (SPR) sites with a total capacity of 6.5 more..
Saudi to meet India’s oil demand, absorb supply shocks - Falih
October 16, 2018: Saudi Arabia is committed to meeting India’s rising oil demand and is the “shock absorber” for supply disruptions in the oil market, Energy Minister Khalid al-Falih said on Monday. India, the world’s third biggest oil importer, is grappling with a combination of rising oil prices and more..
Revealed! Why British Petroleum curtailed investments in India in past
October 16, 2018: High natural gas prices in India made British Petroleum (BP) curtail investment in the country, ET Now reported citing company CEO Bob Dudley. However, India is an important market for the oil major and the firm is in talks with Reliance Industries Limited (RIL) to venture into downstream business, Bob more..
Diesel price up again, petrol stagnant: Check rates in Delhi, Mumbai
October 16, 2018: Fuel prices continued its upward march on Monday, with diesel prices surging by 8 paise and 9 paise in four metropolitan cities. While Delhi and Kolkata saw a hike of 8 paise, a litre of diesel has increased by 9 paise in Mumbai and Chennai. After the revision of the rates, diesel in Delhi is being retailed more..
India BPCL offers light diesel oil; unit restart seen delayed to December
October 16, 2018: India's Bharat Petroleum Corp Ltd has offered light diesel oil (LDO) in a rare move following an extended shutdown of a secondary unit at its Mumbai refinery that could last until December, a source who tracks refined oil products said. BPCL is looking to sell up to 33,000 tons of LDO for Oct. 27-30 more..
A $10-billion clean air push set to boost Indian pipe makers
October 16, 2018: Steel pipe makers are set to become beneficiaries of India’s $10 billion push to expand its natural gas network to more of its urban masses and cut pollution. India has just completed its biggest city gas distribution auction that would extend coverage to more than half of its 1.3 billion people across more..
Govt plans to end anti-competitive, complex cross-holding in oil PSUs
October 16, 2018: The government proposes to end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises. The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. In the process, more..
Petrol, diesel price rise: PM Narendra Modi to meet CEOs of oil companies today
October 16, 2018: A litre of petrol costs Rs 82.72 in Delhi, Rs 88.18 in Mumbai, Rs 85.99 in Chennai and Rs 84.54 in Kolkata. On the other hand, diesel costs Rs 75.46 in Delhi, Rs 79.11 in Mumbai, Rs 79.80 in Chennai, Rs 77.31 in Kolkata. Amid a continuous rise in petrol and diesel prices after the central government cut down more..
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How To Unlock India’s Gridlocked Gas Grids Urgent Need For Transnational Gas Pipeline From Gulf To India
 by Maj. Gen. S.C. N.Jatar, (Retd)* | www.indianoilandgas.com in one of its earlier issues under column Petro Intelligence had tellingly remarked, “But it more...
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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...
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...
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Bina Refinery In Madhya Pradesh In News Again
August 7, 2018: 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 more...
Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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.
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Vedanta’s Various Projects Under Implementation in the Rajasthan Field
May 21, 2018: 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.
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Replacing Fossil Fuel in Transport Sector – A huge challenge
May 18, 2018: 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.
May 14, 2018: 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 more...
Status of Equity Oil and Gas Overseas
May 10, 2018: 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 more...
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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...
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GS Chaturvedi Takes Over As Director (Exploration), ONGC Videsh
G.S. Chaturvedi has been appointed as the Director (Exploration) on the Board of ONGC Videsh. Chaturvedi took charge on October 1. Chaturvedi has over three decades of experience handling Exploration and Production (E&P) projects in various capacities at ONGC. In the last five years, he was responsible for business more...
Mitra Appointed Director In NRL
Indranil Mitra (CGM, BPCL) appointed to the post of Director (Finance) in Numaligarh Refinery Limited (NRL) for a period of five years or till the date of his superannuation. He was serving as Chief General Manager, Bharat Petroleum Corporation Ltd.
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S. Manglani Is CEO Adani Gas
Suresh P Manglani has been appointed Chief Executive Officer of Adani Gas Ltd. Prior to this he was CFO - Petroleum Retail Business - Reliance Industries Limited during the period from march 2016 to Sept 2018. He also served as Chief Financial Officer of India Gas Solutions from 2008. Prior to that he was Vice president of more...
Shell Announces Senior Appointment
Shell has announced that Tahir Faruqui, previously General Manager, North & Central America Shell LNG Marketing & Trading, has been appointed as General Manager, Shell Global Downstream LNG. Faruqui will be based in The Hague and takes over from Lauran Wetemans who is moving on to a new position.
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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 |
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Darker Truths Behind Roadblocks To Mega Refinery
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Kuwait Petroleum Finds The Going Tough
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LNG Terminals: A Minefield Of Risks
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IOC Mulls Options To Break Logjam Over Iran Stake In Chennai Refinery
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SC Upholds Government Stand On Jurisdiction In Hardy Case
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ONGC Videsh And Its Partners Settle Dispute With Rosneft
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Natural Gas In India’s Energy Basket
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Domestic Natural Gas Price & Global Natural Gas Price trends
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Sectoral Consumption of natural gas in August 2018, LNG import and total net available gas for sale
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Domestic Natural Gas Scene : August 2018
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Updatew: Existing Gas Pipeline Network, Gas Pipelines Under Execution
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Gas pipeline network update
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An Update : Capacity Utilization of LNG Regasification Terminals
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Domestic Gas Prices & International Gas Prices
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Roadmap to setting up a functional Gas Marketing Hub in India
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Domestic Gas Scene In totality In Last 3 Years
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Month-Wise, Sector-Wise Consumption of Domestic Gas, R-LNG 2017-18
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LNG imports have consistently increased over the years
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15% Share of Gas in Primary Energy Mix – What it Translates to
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Salient Features of LPG Profile In Fiscal 2017-18
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India’s Consistently Shrinking Self-Sufficiency in Petroleum Products- An Update
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Oil India’s Long Term Plan
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Price Variations In Indian Basket of Crude Oil In September 2018
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MMT)
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Power deficit: Region-wise position for August, 2018
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Petroleum Products Imports & Exports Decline In August 2018
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Crude Oil Imports In August Registers Moderate Increase, OPEC Share Dips
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Oil India’s Competitive Cost Structure
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Financial Details Of Oil Companies (FY 2017-18)
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Imported Crude & Domestic Crude Oil Processing (FY 2013-14 to 2017-18)
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Important terms in pricing of petroleum products
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Story of India’s Petroleum Products Surplus
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OIL’s International Footprints
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IOC: Blocks’s Location, Reserves & Production and Recent Acquisitions
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Oil India Litd.’s assets and reserve base
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Share of taxes in RSP of Diesel (Delhi) as on 1st June 2018
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Share of taxes in RSP of petrol (Delhi) as on 1st June 2018
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