Policy
Rise In Crude Oil Prices Widens India’s Trade Deficit
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Trump’s Withdrawal From Iran Nuclear Deal To Hit India
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Risk Of Being A Petrol / Diesel Retailer In India
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Revised Biofuels Policy: Govt. Groping In The Dark
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IOC’s LNG Terminal To Test Gas Demand On East Coast
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Regulation
PMT Fields Unlikely To Be Shut After Shell India’s Exit
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ONGC Advised To Consider Tie-up Overseas For Shale
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High Hopes About Discovered Small Fields Round-II
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Jet Fuel Poised For A Major Surge In Domestic Market
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Alternative Energy / Fuel
Permission Granted For 100% Ethanol–run Vehicles
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New Projects
CTCI Wins LNG Receiving Terminal Tender In India
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RIKA Biofuels To Invest $100-150 Million To Build Bio CNG Plants In Punjab
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BPCL To Commission LPG Bottling Unit At Odisha
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Market Watch
Confidence Group Launches ‘GoGas Elite’
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STFC To Offer Fuel Credit To Customers Via HPCL Outlets Digitally
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Companies
L&T Hydrocarbon Engineering Ltd.
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L&T Hydrocarbon Bags Rs 38 Billion Worth Orders
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PNGRB Appoints CRISIL For Framing Gas Trading Hub Regulations
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Press Release [FREE Access]
Latest Exclusives

May 24, 2018 | Popular Angst: From Nadigram To Ratnagiri: Even as this piece was being written the Tamil Nadu government’s police shot dead 11 people among the protesters against Sterilite’s copper plant at Tuticorin. The people were protesting against the very high level of pollution from the factory. The right to breathe unpolluted air is not among the fundamental rights in our constitution, but it guarantees the right to property. This right was sought to be undermined by the West Bengal’s CPI-M government, triggering an agitation at Nadigram village in 2007 which ultimately catapulted Mamata Banerjee to power. The Nandigram syndrome has been spreading. It has stalled the mega refinery proposed at Ratnagiri, an ecologically sensitive region in Maharashtra. The project is prestigious for the BJP governments at the centre and the state. It is in this refinery project that Saudi Aramco has agreed to pick up 50 per cent of the equity sake. The people refuse to be tantalized by offers of job opportunities. Click Free Access column Petro Intelligence which traces the rising consciousness among the rural masses about their right not to part with their land and the right to breathe unpolluted air.

The rising crude price is posing a fresh headache in the form of balance of payment. Donald Trump’s move against Iran will adversely affect India which has been sourcing Iran’s cheap sour crude for its refineries. The modified biofuels policy fails to address basic issues. These are among the five subjects discussed in column Policy.

The domestic demand for jet fuel is rising, the government has high hopes about the forthcoming second round of bidding for the discovered small oil and gas fields. ONGC is slowing down its exploration for shale at home but is not averse to acquiring shale assets overseas. Shell is exiting PMT fields on the west coast but fields are expected to be given to small players to extract the maximum from the balance recoverable reserves. Click column Regulation to read these exclusive reports


May 23, 2018: Domestic gas scene in April 2018 looked slightly better with ONGC producing more than the target. However, production by Oil India and private parties was marginally below the target. India imported more LNG and the net availability was higher than the level in April 2017. Click column Gas Scene for details.

Today's News [FREE Access]
India to take a ‘long-term’ view on fuel pricing - minister
May 24, 2018: India wants to take a long-term view on pump prices of petrol and diesel to shield consumers from the volatility in global markets, the country's law minister said on Wednesday, indicating the government could change its fuel pricing mechanism. Prices of diesel and petrol in India have surged to a record   more..


IndianOil to turn to traditional suppliers to meet Iran oil shortfall
May 24, 2018: Indian Oil Corp (IOC), the country's top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iranresult in supply disruptions, its head of finance said. U.S. President Donald Trump earlier this month pulled out of a 2015 international nuclear pact with   more..


Bharat Petroleum buys more petrol for May
May 24, 2018: India's Bharat Petroleum Corp, an irregular gasoline importer, has bought more petrol, bringing its total purchases this month to 50,000 tonnes, traders said on Wednesday. Gasoline demand has been given a boost from not just India but also Indonesia as seasonal peak demand kicked in. BPCL bought 35,000   more..


HPCL-MRPL merger likely before FY19, says Hindustan Petroleum CMD
May 24, 2018: Hindustan Petroleum Corporation Ltd (HPCL) is keen to takeover Mangalore Refinery and Petrochemicals Ltd (MRPL) before the end of 2018-19 financial year as there are a lot of synergies arising from the merger, Chairman and managing director Mukesh Kumar Surana said on Wednesday. Oil and Natural Gas Corp (ONGC),   more..


Facing US sanctions, Venezuela wants trade with India in rupees
May 24, 2018: Venezuelan Ambassador to India Augusto Montiel on Tuesday launched a scathing criticism against the United States for interference in his country's domestic politics. The US has termed as sham presidential elections held in the Latin American country on May 20 that returned Nicolas Maduro to power for a   more..


Government should review taxes on petrol, diesel: HPCL chairman
May 24, 2018: There is a need to review taxation on petrol and diesel to provide relief to consumers after rates touched an all-time high, HPCL Chairman and Managing Director Mukesh Kumar Surana said today. One trigger after another has led to the 10th consecutive day of increase in retail selling price of petrol and diesel,   more..


Possible to reduce petrol prices by Rs 25 per litre: P Chidambaram
May 24, 2018: Former finance minister P Chidambaram on Wednesday claimed that it is possible to reduce the prices of petrol by Rs 25 per litre and the Central government is cheating the people by cutting fuel prices by Rs 1 or 2 per litre of petrol. The senior Congress leader said that with the fall in crude oil prices, it is   more..


Vedanta Resources operating profit up 27% to $4.1 bn in FY18
May 24, 2018: Diversified global natural resources giant Vedanta Resources today reported a 27 percent surge in operating profit to USD 4.1 billion for 2017-18 on higher output and increase in prices. The LSE listed company, which produces aluminium, copper, zinc, lead, silver, iron ore, oil and gas and commercial energy, had   more..

Petropulse / Guest Column
Overhaul Energy Strategy Introduction
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)C.N. Jatar, (Retd)*| “Climate Change” is a major challenge facing the fossil fuels industry today. Globally fossil fuels supply more than 75 per more...

IOG Exclusive
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...

LNG sector continues to see considerable action
The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs ONGC, GAIL (India) more...

Chinese firm acquiring part of Rosneft has implications for India
In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the Qatar Investment more...

Special Reports
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. more...

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...

Rooftop Solar-Generating Power where it is used adding to reliability of power
April 20, 2018: Fossil Fuel industry is facing a serious threat from Solar Energy which has been growing at an amazing speed in recent months. The Baroda-based, Centre for Fuel Studies & Research (CFSR) has come out with a report: “Rooftop Solar-Generating Power where it is used adding to reliability of power”. The Report should be more...

Successful Refinery Performance Improvement Program
April 13, 2018: A number of public refineries in India are fairly old with out-dated technologies. Instead of scrapping them, the public sector companies have been upgrading technologies of these refineries .The result is claimed to be highly positive. The Centre for High more...

Policy Paradox: Left Hand does not know what right hand is doing!!!
April 6, 2018: The Vadodara-based, Centre For Fuel Studies And Research (CFSR), has forwarded to www.indianoilandgas.com a copy of its report examining the policy paradox in the energy sector. The report makes interesting reading.   Click below links for more...

Larsen & Toubro
March 27, 2018: Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over 30 countries more...

Action on Climate Change- Better Late than Never
March 9, 2018: The Vadodara-based Centre For Fuel Studies and Research (CFSR) has prepared a report on Climate Change. The Report has been given to www.indianoilandgas.com for the benefit of its subscribers. Click HERE to read Report. 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
M.M Kutty Appointed Secretary Petroleum
M.M KuttyDr. M. M Kutty, will be the next Petroleum Secretary. He has been appointed as Officer on Special Duty (OSD) in the Ministry of Petroleum & Natural Gas till he takes over on June 30, 2018.  KUTTY is a more...

Antanu Chakraborty Appointed Secretary DIPAM
Atanu ChakarbortyAtanu Chakraborty, currently Director General at The Directorate General of. Hydrocarbons (DGH) in the petroleum ministry, will be the new secretary at the Department of Investment and Public 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]
Popular Angst: From Nadigram To Ratnagiri
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Winds Of Change Force Iran To Drop The Bluster
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India: Going From A Pawn To A King On The Oil Chessboard
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Refinery Talks With Aramco: What’s At Stake?
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Foreign Investment
Air Products Unveils World-Scale Industrial Gas Complex at Kochi refinery
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Overseas Investment
ONGC Videsh Keen To Expand In Latin America
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Gas Scene
Domestic Gas Scene in April 2018
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Update: CGD Factsheet as of April 2018
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International Gas/LNG Prices and Domestic Gas Price
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CGD Sector’s Projected Growth In Coming Years
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Update: Source-Wise LNG Imports and List of Importers in February 2018
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Sector-wise Gas Consumption of Domestic Gas and RLNG in January 2018
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A National Gas Grid Still Far Away, But Making Progress
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India’s Cautious Shale Exploration
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Gas Sourcing & Sector Wise Supply – up to Q3 FY 2018
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CNG/PNG: Attractive Fuel Economics
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PNG Status As On October 1, 2017
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CNG activities in India as on 1st October, 2017
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Gas Sector Growth - China and India
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Gas share in Energy-Mix India
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Gas Share in Energy in select countries
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Existing Petrochemical units, their capacity and feedstocks
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Basin-wise Exploratory Inputs Expended by Private/JVs under PSC Regime
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India’s Solar Scene
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Exploratory Efforts Under Nomination, PSC Regimes
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Installed Solar PV capacity in select countries
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Kochi Refinery (BPCL) Flow Diagram
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Domestic oil & gas production vis-à-vis overseas production
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India’s Imports & Exports of Petroleum Products in March 2018
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Region-Wise Import Of Crude In March 2018
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Power Situation In March 2018
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Exploratory Efforts By ONGC And OIL, Private Parties/JVs
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Appraisal status of Indian Sedimentary Basins
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Basin-Wise PEL & PML With Private/ Joint Venture Companies as on 1st January, 2018
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PEL and PML held by ONGC and Oil India Ltd as on 1st January, 2018
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India’s Sedimentary Basins & Their Contribution To Oil & Gas Production
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Foreign Direct Investment Inflows: An Update
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Update on Cairn India Ltd’s producing Barmer block, Rajasthan
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14 Oil & Gas Field Development Projects under implementation of ONGC
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Basin-wise break-up of proven and estimated hydrocarbon reserves
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ONGC Crude Oil Production Projection by 2022
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Break-up of Petroleum Products Consumption (PSU and Pvt.)
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ONGC Takes Up 6 Major Projects worth Rs 77 Billion
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India’s Declining Self-Sufficiency in petroleum
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Tenders [FREE Access]
Vedanta/Cairn Oil And Gas
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