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Trump Factor, Geopolitics, Production Falls Provoke Surge In Brent Prices
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Russian Crude Imports To India Drops: What Is The Minimum Level Of Russian Crude Needed To Sustain Refinery Operations?
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India Seamlessly Switches To Venezuelan Crude
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ONGC Makes A Commercial Success Of Marginal Gas Fields
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Much Ado About Nothing
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McDemott International Active Again In India
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IOC Finds Capacity Expansion Of Existing Refineries Easier Option Than Setting Up New Refineries
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India Opts For CCUS Technologies
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Kerosene Refuses To Quit The Indian Market
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Rapid Developments In Renewable Energy
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EIL Commissions 60 KTAPP Plant At GAIL Pata Petchem Complex
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BPCL Inaugurates 71 Mwp Solar Power Plant At Prayagraj
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Centre Allocates ₹4.91 Bn For Tripura-Mizoram Gas Pipeline Project
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Totalenergies Marketing India Hosts Annual Distributor Convention
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SEAMEC Ltd
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SEAMEC Announces Off-Hire Of Vessel SEAMEC Princess Following Charter Completion
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Elan Energy Secures PMC Contract From GAIL For 14 TPD CBG Plant In Chhattisgarh
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Deep Industries Receives An Order Worth ₹1.48 Bn From Oil India
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March 9, 2026: India’s demand for natural gas has been rising consistently. Domestic production meets only 50 per cent of the demand. Being a price sensitive country, the size of LNG import depends on its price in the market. Click column Gas Scene for India’s ranking in natural gas consumption.
March 6, 2026: New Exploration Licensing Policy (NELP) round launched in 1999 has several producing oil and gas fields that were discovered and developed. Quite a few blocks have been surrendered. Which are the operational blocks and where are they located? Click column Special Database for details.
February 25, 2026 | Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza? The most critical global issues in 2026 are dominated by climate change, geopolitical conflicts, and systemic inequality. Climate Change is a strategic issue of critical importance affecting our planet. Consequences are worse than any crisis facing us. On January 20, 2025 US president Trump signed an executive order to withdraw from Paris agreement. From January 27, 2026 the US was no longer a party to the 2015 Paris agreement. One of the outcomes of Trump walking away from Paris treaty will result in stop paying for the funds to support developing countries. Such funds are needed to transit to renewable energy sources for developing countries. Now India will not get such much needed financial assistance. It will certainly put financial burden on India. India had already announced that it is not possible for India to reach net zero before 2070. Now with less access to financial assistance, India may find it even more difficult to reach by 2070. Click Free Access column Petro Intelligence to read an insightful piece on the subject by US-based energy expert, Bhamy V Shenoy.
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India Pivots to Non-Strait Oil Sources Amid Escalating Iran-Israel Conflict
March 9, 2026: Amid escalating tensions in Middle East regions, Indian refiners are learnt to have started negotiating for additional crude cargoes from the countries like US, Russia and West Africa and others to ensure supplies remain adequate if the Iran vs Israel-US war drags on for a longer period in the future. more..
US would consider using its Strategic Petroleum Reserve to ease oil pressures: Donald Trump
March 9, 2026: US President Donald Trump said he would consider using the US Strategic Petroleum Reserve (SPR) to ease oil pressure, emphasising that the US has abundant oil.
Trump made this remarks to media, responding to US Treasury Secretary Scott Bessent’s announcement that India can temporarily more..
War in West Asia begins to impact LPG supply in Andhra Pradesh
March 9, 2026: The ongoing war situation in the Middle East involving Iran, Israel and the United States has begun to affect the supply of liquefied petroleum gas (LPG) in parts of the State. The impact is now being felt in Tirupati, Chittoor and Annamayya districts where the supply of commercial gas cylinders has been more..
India Assured Of LNG Supply From Qatar Once Hormuz Shipping Resumes
March 9, 2026: Amid escalating tensions in West Asia that have disrupted global energy supply chains, the Indian government has received assurances from Qatar that supplies of liquefied natural gas (LNG) to India will resume immediately once shipping routes reopen. Government sources said the country currently remains in a more..
India doesn’t need permission to buy Russian oil, say officials
March 9, 2026: India never stopped sourcing crude from Russia, government sources said on Saturday, despite US President Donald Trump's linking the withdrawal of a 25% penalty tariff in the proposed trade deal framework to New Delhi's purported pledge to halt such purchases. Sources said India has never depended on more..
Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
March 9, 2026: The Delhi High Court will next week hear Nayara Energy's lawsuit against German software company SAP's India unit suspending software services critical to its operations.
The European Union (EU) had last year imposed sanctions on Nayara for its ties to Russia and for refining Russian more..
West Asia crisis: US waiver unlocks stranded Lukoil, Rosneft oil for India
March 9, 2026: The 30-day waiver granted by the US allowing India to import Russian oil applies to crude oil directly sourced from the sanctioned Russian state-owned companies Rosneft and Lukoil but is currently stranded at sea, government officials have clarified. New Delhi is simultaneously exploring new sources for more..
Kolkata Port FSRU Project at Haldia
March 9, 2026: Syama Prasad Mookerjee Port, Kolkata (SMPK), on Sunday announced that East Horizon Pvt Limited will establish a Floating Storage and Regasification Unit (FSRU) at the Haldia Dock Complex.
The port and the private firm signed a licence agreement on Friday for the project, which entails an more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
 Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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Buy Assets In US And Swap Crude With Europe
By R. Sasankan
The
pecking order in the world of oil and gas has changed dramatically: the US has
grabbed the top spot on the totem pole. One recent report summed up the
development succinctly: "December 2023 witnessed an extraordinary surge in US
LNG exports with shipments more...
Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan
Parliamentarians in India have a heart-warming desire to
shape public policy; the trouble is that in their eagerness to do something -
anything - they can allow the nobility of their intention to smother the
practicality of their proposed interventions. In their zeal more...
Double Trouble
By R. Sasankan
If you ignore history, you are condemned to repeat it.
The stark truth of this aphorism came back to me the other day when I
read a Reuters report that said Indian Oil Corporation was aiming to
double the capacity of its liquefied natural gas more...
Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan
India is a country of many paradoxes – and it is this quality that makes
it hard for policy makers to find the right palliative for its myriad
problems. The country is one of the fastest growing economies in the
world and hopes to become a $ 5 trillion more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
Oil PSUs In Trouble Again
By R. Sasankan
International price of crude oil has risen by 30% in the third quarter
of 2023. Global crude oil inventories are at seasonal lows and
production cuts, announced transparently by OPEC+ till the end of
December 2023 amount to about 3.3 million barrels a more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
more...
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
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...
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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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PESB Picks Satyan Kumar For Director Strategy Role At ONGC
 Satyan Kumar is set to be the next Director (Strategy & Corporate Affairs) of Oil and Natural Gas Corporation (ONGC) Limited, following the recommendation of the Public Enterprises Selection Board more...
Deepak Gupta To Take Charge As CMD Of GAIL On March 1
 Deepak Gupta will assume charge as Chairman and Managing Director of GAIL (India) Limited on March 1, 2026. Gupta will serve in the top role until his superannuation on February 28, 2029, or until more...
Technip Energies Davendra Kumar Wins Business Leader Of The Year
 Technip Energies India Managing Director Davendra Kumar has been honoured with the Business Leader of the Year – Engineering Services award at the CHEMTECH Leadership & Excellence Awards more...
Indraprastha Gas Shareholders Approve Dr. Shyam Agrawal Re-Appointment
 Shareholders of Indraprastha Gas Limited (IGL) have approved the re-appointment of Dr. Shyam Agrawal as an Independent Director of the company through a postal ballot process conducted via remote more...
Hitesh Vaid Joins Reliance
 Hitesh Vaid, the former Chief Financial Officer (CFO) of Cairn Oil & Gas (a Vedanta Group company), has left Vedanta to join Reliance Industries Limited (RIL). Hitesh Vaid joined Cairn Oil & Gas, 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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Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
more...
Andaman Basin: Time to Dial the Russians
more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
more...
Time To Review Crude Sourcing Strategy
more...
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Adani Total Gas Q3 results FY 2026: Profit up 10% to Rs 1.57 bn YoY
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India Retains Stake In Russia’s Sakhalin-1 Oil And Gas Project
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India’s Ranking In Natural Gas Consumption
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Domestic Natural Gas Scene In January 2026
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High Volatility In Global Natural Gas Prices
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Gas Flaring in India
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India’s Domestic Natural Gas Scene, A Graphic Presentation
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Volatility In Natural Gas Prices
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Domestic Natural Gas Scene In December 2025
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Domestic Natural Gas Scene In November 2025
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The Rise And Fall Of LNG Imports In Indian Market
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Capacity Utilisation Of India’s LNG Terminals
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Sectoral Consumption of Natural Gas In India
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Domestic Natural Gas Scene In October 2025
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Indian Natural Gas Spot Price for Physical Delivery
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India’s Reluctant Initiatives In Shale gas and oil exploration
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Restrained Increase In Domestic Natural Gas Price
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Domestic natural gas scene in September 2025 (MMSCM)
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Operational Blocks Of NELP Bidding Round
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Declining Gross Refining Margins Of Indian Refineries
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India’s Overseas Crude Production Performance Better than Domestic Production scene
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Analysis Of The Trend In Petroleum Products Consumption During Current Financial Year
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Emerging Oil Demand Situation: Forecast by OPEC for 2027 and the remaining period of 2026
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India’s peak power demand declined marginally
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Share Of High Sulphur, Low sulphur crudes In Processing By Indian Refineries
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Petroleum Products Consumption Registers A Robust Growth in January 2026
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Global Energy Transition investment reaches A Record $2.3 Trillion in 2025, But Growth Slows
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Refining Margins Drop Sharply In Global Hubs
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Declining Domestic Share In India’s Consumption of Petroleum Products
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Despite Marginal Rise In January 2026, Prices In Indian Crude Basket Continue The Downturn
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Led by Solar, Renewables Overtake Thermal in India’s Power Mix
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LPG’s Amazing Growth In India
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Analysis Of Trend In Petroleum Products Consumption During Current Financial Year
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India’s Production And Consumption Of Petroleum Products
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Why These Sudden Jumps In India’s Crude Oil Imports?
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Robust Growth In Petroleum Products Consumption In December 2025
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How Prices Moved In Indian Crude Basket In December 2025?
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Refinery Margins In Global Hubs At Highest Level Since February 2024
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The Rise And Decline In India’s Petroleum Subsidies
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Retail selling prices of major petroleum products in India and neighbouring countries
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