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Speculation About US SPR Top-Up May Keep Upward Pressure on Crude Prices
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India’s Reluctant Retail Price Hike For Politically Sensitive Petroleum Products
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Latest Initiatives By Oil Companies To Promote Alternatives To Fossil Fuels
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ONGC Making Serious Efforts To Boost Oil & Gas Production
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Indian Refineries To Hit All-Time High GRM In FY 21-22?
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PNGRB Fails To Ensure Timely Completion Of MWP By CGD Licensees
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Shell’s Entry Can Lead To Stiff Competition In LNG Retailing
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The Steepest Hike In ATF Price To Push Up Air Fares
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Refinery Performance Improvement Program Makes An Impact
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Gadkari Launches Green Hydrogen FCEV Toyota Mirai
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Cairn To Invest $700 Million In India Oil & Shale Assets
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Envision Energy Awarded 2000 MW Wind Turbine Contract In India
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JSPL Plans To Set Up India’s Second Coal Gasification Plant At Raigarh
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ArcelorMittal Tests Replacement Of Natural Gas With Green Hydrogen For DRI Production
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SNF
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Welspun Receives Order From IOC
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Adani TotalGas Reports Drop In Profits In First Quarter
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Pawan Hans Is Finally Privatised
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- Brenntag tops ICIS Top 100 Chemical Distributors global ranking
- M&A deal activity in the oil and gas industry declined by 41% in terms of value in Q1 2022 compared to Q4 2021, says GlobalData
- Nigeria will account for 24% of oil and gas projects commencing operations in Africa by 2026, says GlobalData
- MOL GROUP Launches Green Hydrogen Production Using Plug Electrolyzers
- 11A CGD Bidding Round and invited electronic bids for 5 Geographical Areas (GAs)
- ONGC now has one of the most balanced Boards in industry
- S&P Global Appoints Daniel Yergin Vice Chairman
- ONGC on way to add another Basin on production
- ONGC to undertake 2D Seismic Survey for appraisal of 70,000 line km of Indian Offshore up to Exclusive Economic Zone boundary
- Oil & gas contracts activity increased in 2021 due to improved crude prices, says GlobalData
- S&P Global Launches Comprehensive Framework for Assessing Reliability of Estimates of Greenhouse Gas Intensity for Crude Oil
- Shell Signs Global Agreement with Detect Technologies
- Long-term uncertainty regarding Russian oil and gas supplies will sustain high energy prices, says GlobalData’s MEED
- GlobalData forecasts Asia to dominate global refinery CDU capacity additions through 2026
- Oil India - Q3FY22 Result Update - High realization to drive earnings
- Asia set to drive global ammonia capacity additions through 2026, says GlobalData
- India to drive global vinyl acetate monomer capacity additions through 2025, says GlobalData
- John F. Kerry to Address CERAWeek by IHS Markit 2022, to held in Houston March 7-11
- North America sees the highest crude oil refinery maintenance in 2021, says GlobalData
- IHS Markit: LNG Imports to Europe Could Compensate for Shutoff of Russia Gas Flows Through Ukraine
- Haynesville Shale saw highest rise in natural gas rigs in US as WTI price recovers, says GlobalData
- Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData
- IHS Markit: Major Power Outages Impacted at Least 350 Million People Worldwide in the Past Year as New Power Supply Challenges Emerge
- JP Morgan and Citi were top M&A financial advisers by value and volume in oil & gas sector for 2021, finds GlobalData
- US Secretary of Energy Jennifer Granholm to Address CERAWeek by IHS Markit in Houston, March 7-11
- Macdermid Offshore Solutions Appoints New Global Directors For Drilling And Subsea Products
- IRENA-AfDB report: Energy Transition Central to Africa’s Economic Future
- S&P Global Platts Analytics: India’s oil demand expected to slow in Q1 due to omicron, but recovery still likely in H2
- Qatar Petroleum signed biggest long-term LNG contract with CNOOC while Tellurian Investments signed most contracted volumes in 2021, says GlobalData
- Oil demand back to pre-COVID-19 levels outside aviation, says GlobalData
- IHS Markit: Banning US LNG Exports Would be ‘Highly Destabilizing’
- Retrofitting CCUS technologies to existing industrial infrastructure crucial to achieve net zero by 2050, finds GlobalData
- Robotics essential to the oil and gas industry, as technological advancements increase the tasks they can undertake, according to GlobalData
- Seeq Announces Industrial Digitalization Agreement with Aramco
- ONGC inks MoU with SECI to develop renewable, ESG projects
- Incorrect Media Report about ONGC offering its prominent fields through EoI
- Godrej & Boyce supplies High-Pressure Separators for the Clean Fuel Refinery Project in Thailand
- Novatek hopes to replicate successful LNG strategy to become leader in low-carbon ammonia and blue hydrogen, says GlobalData
- India to lead global expandable polystyrene capacity additions by 2025, says GlobalData
- ONGC CMD unanimously nominated President of All India Public Sector Sports Promotion Board
- China to lead Asia LNG regasification capacity additions through 2025
- Peru requires private investors to ramp up natural gas production and accelerate transition towards cleaner energy
- CVC lauds ONGC for transparency initiatives
- India to account for over 50% of upcoming crude oil refinery projects in Asia by 2025, says GlobalData
- Wärtsilä commits to carbon neutrality by 2030
- Wartsila Corporation Interim Report: January - September 2021
- Strong petroleum products demand continues to boost refining sector in China, says GlobalData
- Petrodrill launches first Well Control School in North East India
- Former Soviet Union expected to lead global working gas capacity additions by 2025, says GlobalData
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May 17, 2022: Natural Gas Price Trends: Global and
Domestic. Click column Gas Scene for details.
May 16, 2022: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues. Click Column Special Database for the price movements in Indian Crude Basket in April 2022.
May 10, 2022 | BPCL Selloff Jinx: Fix The Regulatory Regime First | Reliance Industries Ltd, Essar and Shell rushed in when the government opened up petroleum retailing for the private sector. Two years later, in 2008 to be precise, crude prices surged and the very same government re-imposed subsidy on sale of petrol and diesel and this was restricted only to the outlets of public sector oil marketing companies. The private players had no other option but to shut down their outlets. They reopened their outlets after three or four years but never recovered from the shock. History can repeat itself. No sensible foreign company can be expected to enter India’s petroleum retailing business without an unequivocal assurance that such a situation will not recur. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.
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Petrol Sales Up 14%, Diesel Sales Surge 1.8% In May
May 17, 2022: April saw consumption drop due to a Rs 10 per litre hike in petrol and diesel prices after an over four-month hiatus. India’s petrol and diesel consumption jumped in May as pick up in the economic activity, as well as the start of the harvesting season, aided the return of demand, a preliminary industry more..
India’s 2H May ex-Mumbai bitumen prices rise
May 17, 2022: Indian state-controlled refiners in Mumbai have increased listed ex-Mumbai bitumen prices by 240 rupees/t ($3.09/t) for the second half of May.
Prices of bulk VG10 and VG30 are at Rs52,080/t and $52,380/t respectively, while prices of drummed VG10 and VG30 are at Rs59,380/t and Rs60,180/t more..
ATF price hiked by 5.3%, 10th increase this year
May 17, 2022: Jet fuel prices on Monday were hiked by a steep 5.3 per cent - the tenth straight increase this year -- to an all-time high, in line with a surge in global energy prices. The price of aviation turbine fuel(ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to more..
Fuel Prices In India Are At Par With Other Nations: Report
May 17, 2022: Rising fuel prices in India have led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control. The rise in fuel prices is mainly due to the global price of crude going up. Bank of Baroda's economist, Sonal Badhan has presented in a report how more..
BPCL sale on back burner
May 17, 2022: The government has put the privatization of Bharat Petroleum Corp Ltd (BPCL) on hold. Several reasons, like rising crude prices and indifferent performance of the BPCL share, are said to be responsible for the halt.
"BPCL privatization is not on track," a senior official in the more..
Saudi energy minister says oil capacity may hit 13.4m bpd with increased output from Neutral Zone
May 17, 2022: Saudi Energy Minister Abdulaziz bin Salman has said the Kingdom could produce between 13.2-13.4 million barrels of oil per day by the end of 2026 or beginning of 2027 thanks to increased output in the divided zone.
While talking at the opening of the 29th Middle East Petroleum and Gas Conference more..
Crude oil prices to stay elevated in the near term, but falling global demand holds out little hope
May 17, 2022: Brent remains in a broad range between US$ 95 and US$ 115, and the likelihood of oil prices remaining elevated is high mainly due to the Russian invasion of Ukraine and the related developments. The central value towards which the price has been showing a tendency to converge is US$ 100. While the price has been more..
IndianOil Floats Consultancy Tender for a 2.25 MW Solar Project in Madhya Pradesh
May 17, 2022: Indian Oil Corporation Limited (IOCL) has invited bids for providing consultancy services to set up a 2.25 MW solar project at its LPG bottling plant in Jabalpur. Consultants are required to help with the long-term open access and project registration with the renewable energy department of Madhya Pradesh. more..
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To make sense of sensational news covering high petrol and diesel prices
 Dr. 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...
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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...
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Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
Importance Of Offshore Wind Power
December 24, 2021: Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...
Future Power Grid Vision - Grid Of Microgrids
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
 by 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...
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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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Pushp Kumar Joshi Is Interim HPCL Chairman
 Pushp Kumar Joshi has taken over as the interim chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), a subsidiary of state-owned Oil and Natural Gas Corporation (ONGC). more...
Former Petroleum Secretary Tarun Kapoor Appointed Adviser To PMO
 The government has appointed former petroleum secretary Tarun Kapoor as adviser to the PMO, just about three months after he was selected as the Petroleum and Natural Gas Regulatory Board (PNGRB) more...
Atul Gupta Will Be The Next Director, Commercial Of EIL
The Public Enterprises Selection Board (PESB) has selected Atul Gupta for the post of Director (Commercial), Engineers India Ltd (EIL) in a selection interview. Currently, he is working as Group General Manager (GGM) in Engineers India Ltd. Subject to requisite clearances and ACC approval Atul Gupta will replace R K more...
Shashi Shanker On Adani Total Gas Board
 Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL). Shanker, who more...
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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.
To download this full article in PDF, click here |
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BPCL Selloff Jinx: Fix The Regulatory Regime First
more...
Energy Security: The New Shibboleth Has Dubious Merit
more...
Uninformed Hype That Missed The Long-Term Implication: Unpacking The Russian Move To Peg Rouble To Gold
more...
Dilemma Over Deep Discount Offer On Russia Crude
more...
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Equinor And ONGC Sign MoU
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AG&P Pratham To Invest In City Gas Distribution
more...
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OVL-Partnered, Exxon-operated Sakhalin-1 Under Force Majeure
more...
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Natural Gas Price Trends: Global and Domestic
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene: March 2022, FY 2021-22
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Share Of R- LNG, Domestic Gas In Sector-wise, Month-wise Consumption of Natural Gas
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India’s Natural Gas Import Dependency
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Natural Gas Price Trends: Global and Domestic
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Sector-Wise Natural Gas Consumption in February 2022
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Coal Bed Methane (CBM) Gas Development In India
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Domestic Natural Gas Scene: February 2022
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Natural Gas Price Trends: Global And Domestic January
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Domestic Natural Gas Scene In January 2022
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Liquefied Petroleum Gas (LPG) Profile As On January 1, 2022
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LPG Marketing At A Glance
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Sector-Wise Consumption Of Natural Gas In December 2021
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Domestic Natural Gas Scene in December 2021
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Declining Domestic Gas Production, Increasing Gas Import Dependency
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Natural Gas Price Trends: Global and Domestic
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Price Movements In Indian Crude Basket In April
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India’s Petroleum Products Import Down, Export Up In FY 21-22
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Crude Oil Import Up, OPEC Share Marginally Down In FY 21-22
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Analysis of Crude Oil processed by Indian Refineries in March 2022
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Fuel & Loss In Indian Refineries
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Deliberate Strategy To Eliminate Kerosene From Consumption List?
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Increasing Power Shortage As Fuel Prices Keep Surging
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Petroleum Products Consumption trend in FY 2021-22
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Self-Sufficiency In Petroleum Products Touching A New Low In March
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Transition towards EVs and CNG: Fuel wise Passenger vehicle sales In FY2020-21, 2021-22 and market share
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Petroleum Products Consumption in March 2022
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ONGC Videsh’s Capital Expenditure Drastically Down
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Refinery-wise, sector-wise Crude Refining Capacity Vs Processing
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Declining Domestic Oil Production
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Growth In CGD Infrastructure
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Oil Import Volume and Value
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Uptrend In Global Refining Margins
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Price Movements In Indian Crude Basket In March 2022
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