Policy
Indian PSUs May Find Oil Import From US Tough In 2020
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Deepening India - Russia Cooperation In Oil & Gas Sector
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Impact Of Unstable Crude Prices On Indian Economy
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Indian Refineries Faced Steepest Fall In Gross Refining Margins?
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India’s Dream Of Becoming A Methanol Economy
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Regulation
North – East Gas Pipeline Grid A Bold Initiative
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Oil & Gas Exploratory Drilling Exempted From Green Nod
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IGL Uses CNG For Long Distance Transportation
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IndianOil Launches Special Nato Class Fuel For Indian Navy
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Alternative Energy / Fuel
Hydrogen Fuel From Seawater
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New Projects
LNG Terminal At Mundra Port Goes On Stream
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Alphageo Receives Contract From ONGC
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HPCL Commissions PVPL And Vadodara Marketing Terminal
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Market Watch
IndianOil Inks Agreement With Cummins Technologies
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Bangladesh Starts Exporting LPG To India
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Companies
Indraprastha Gas Limited
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Adani Gas To Invest Rs 90 Billion On Distribution Networks Over Next 10 Years
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Tata Projects Bags Rs 60 Billion Orders In Oil, Gas Refinery Sector
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Press Release [FREE Access]
Latest Exclusives
January 29, 2020: Government of India has prioritised allocation of natural gas. Fertilizer sector gets the highest priority followed by power and city gas .As domestic gas is far short of requirement, the shortfall is met through regasified LNG (RLNG). Click column Gas Scene for an update of sector-wise gas consumption since FY 2016-17.

January 28, 2020: India imports over 84 per cent of its crude oil requirement. Crude oil is the single largest item of import in terms of foreign exchange outgo. Click column Special Database for details of volume and value of crude oil in recent years up to September 2019.

January 27, 2020 | BPCL privatisation: Uncertainties and hurdles cloud the process. The Modi government’s decision to privatise Bharat Petroleum Corporation Ltd (BPCL) was an eminently sensible decision aimed at injecting the much needed competition into an industry virtually monopolised by the public sector oil companies. Adulteration of transportation fuels continues unabated by all retail outlets including those belonging to private players. But the government move has hit hurdles. The timing has turned out to be wrong. The finance minister Nirmala Seetharaman in her anxiety to put a lid on the Centre’s fiscal deficit announced that the sale of the government stake would be completed before March 31. The external environment is not favourable. There is resistance from a group of hardliners from the RSS. The management of Indian Oil Corporation is keen to bid though barred from doing so. A distress sale is politically damaging for the government. Click Free Access column Petro Intelligence for a comprehensive report on the subject.
Today's News [FREE Access]
Asian LNG prices touch more than 10-year low
January 29, 2020: Asian spot prices for liquefied natural gas (LNG) plummeted to multi-year lows this week, pressured by a lack of demand to consume abundant supplies. As milder-than-usual winter in both Asia and Europe is curbing demand, there were deals done below $4.00 per million British thermal units (mmBtu) this week,   more..


OPEC aims to extend oil output cuts through June, alarmed by China virus
January 29, 2020: OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of a new coronavirus, OPEC sources said. The quick slide in oil prices over the past few days has alarmed OPEC   more..


Essar Oil UK appoints Mark Wilson as CEO
January 29, 2020: Essar Oil (UK) Ltd, the firm that owns and operates the Stanlow refinery, on Tuesday announced the appointment of Mark Wilson as its new Chief Executive Officer. "He will be based at the Stanlow Manufacturing Complex in the UK and succeed S Thangapandian, who informed the Board of his intention to   more..


Why has Qatar refused to renegotiate prices of LNG contracts with India?
January 29, 2020: Qatar is not willing to renegotiate prices under its long-term liquefied natural gas (LNG) contracts with India. Why is this so? Will PM Modi use alternative channels to renegotiate the prices? In a latest development, Qatar is not willing to renegotiate prices under its long-term liquefied   more..


Confidence Petroleum India consolidated net profit declines 2.85% in the Dec.2019 quarter
January 29, 2020: Net profit of Confidence Petroleum India declined 2.85% to Rs 180.4 million in the quarter ended December 2019 as against Rs 185.7 million during the previous quarter ended December 2018. Sales declined 9.49% to Rs 2.5619 billion in the quarter ended December 2019 as against Rs 2.8304 billion during the   more..


GAIL organises Industry Meet on Digital Transformation
January 29, 2020: In order to share knowledge and experience about cutting edge digital technologies among India's oil and gas companies, GAIL (India) Limited has on January 27, 2020 organised an Industry Meet on Digital Transformation at New Delhi. Inaugurating the Industry Meet, GAIL Chairman &   more..


Fuel prices dip further due to softening of Brent crude
January 29, 2020: Fuel prices saw a marginal dip on Tuesday due to softening of international crude oil rates as demand declined following the outbreak of coronavirus in China. The price of petrol was cut by 12 paise and that of diesel by 14 paise across all major cities on Tuesday. The petrol now costs Rs   more..


Petrol price drops 11 paise, diesel by 13 paise on Tuesday
January 29, 2020: State-run oil marking companies slashed the retail prices of petrol and diesel across the country for the sixth successive day on Tuesday (January 28). After today's rate revision, petrol prices were cut by 11-12 paise while diesel prices were lowered by 13-14 paise across major cities of the country.   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...

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
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
Total India Head On Adani Gas Board
Alexis ThelemaqueTotal SA's India head Alexis Thelemaque has been appointed as a Additional Director (Non-Executive, Non-Independent) on the Board of billionaire Gautam Adani's gas retailing firm Adani more...

Mahesh Palashikar Appointed President And CEO, GE
Mahesh PalashikarGE has appointed Mahesh Palashikar as the new President and CEO of GE South Asia. His appointment will be effective February 1, 2020. Palashikar will be responsible for India, Bangladesh and Sri more...

Essar Appoints Pankaj Kalra As CFO Of Energy Arm
Pankaj KalraEssar Global Fund Ltd (EGFL) has announced the appointment of Pankaj Kalra as Chief Financial Officer & Head-Strategy, Essar Exploration & Production Ltd Mauritius (EEPLM), the downstream energy more...

Mrs Shukla Selected As Director, EIL
Vartika ShuklaThe Public Enterprise Selection Board has selected Mrs. Vartika Shukla for the post of Director (Technical), Engineers India Ltd. Subject to requisite clearances and ACC approval she may replace L K more...

Bhambhani Appointed As CVO Of EIL
Ms Subha Naresh Bhambhani has been appointed as Chief Vigilance Officer, Engineers India Limited (EIL), for a period of three years. She is and ITS service officer of the 1987 batch. She was principal general manager at BSNL corporate office. 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]
BPCL Privatisation: Uncertainties And Hurdles Cloud The Process
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Fallout Of A Falling Out
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Road Shows: Not Very Effective In Raking In Bids
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Cloud Of Uncertainty Hovers Over Mega Refinery Plan
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Foreign Investment
MoU Signed Between India And Brazil For Oil And Gas Exploration
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Cairn India Is Seeking Strategic Partner
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Overseas Investment
India To Help Energy Rich Ghana Expand Clean Fuel Network
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Gas Scene
Sector-wise consumption Of Natural Gas Since FY 2016-17
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Natural Gas Price Trends: Global and Domestic
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Domestic Natural Gas Scene in November 2019
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LNG is more competitive for transportation distances beyond 1,000km (offshore) and 3,000km (onshore)
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China’s Dependency On Imported Gas Trending Up As Production Lags Behind
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Natural Gas price trends: Global & Domestic
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CNPC’s shale gas target looks overly ambitious
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LNG Has Relatively High Emission Intensity In Some Cases
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Comparative Performance Of LNG Regasification Terminals In India & Europe
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Domestic Natural Gas Scene in October 2019
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Global and Domestic Natural Gas Price Trends
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Asia’s (excluding China) gas production remained flat from 2010
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Natural Gas - Import Dependency
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Evolution of natural gas consumption in India
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Sector Wise Demand And Consumption Of Natural Gas - September 2019
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Gas Demand: Potential & Actual*
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Oil Imports - Volume And Price: An Update
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Sale Of Commercial Vehicles Drop In December
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Power deficit leads to higher diesel consumption for backup power generation
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Fuel & Loss
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Status of blocks under OALP round of HELP and DSF rounds (as on 1st October, 2019)
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World Oil Demand in mbpd
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Specific Energy Consumption of PSU Refineries
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Indian Rig Count vs. Indian Basket Crude Price
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Indian Basket Crude oil price In December 2019
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Update: Status of blocks under NELP (as on 1st October, 2019)
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Update: Status of Distillate Yield in PSU refineries
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Europe dominates LNG import story in 2019
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India’s petroleum products’ import Up 45 % In November 2019
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Crude Oil Import Up In November, Down In Fiscal
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Power deficit: Region-wise position for November 2019 (% deficit)
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Price trends in Indian Basket of Crude since FY 2002-03
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Break up of Central excise duty on petrol & diesel as on 1st November, 2019
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Retail selling price of major petroleum products in India & neighbouring countries as on 1st November 2019
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India’s Domestic Crude Production Shrinks To 15.5% Of Requirement
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Tenders [FREE Access]
ONGC
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ONGC
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Vedanta
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