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Crude Oil Prices To Go Below $ 60/Barrel?
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Oil Major Shell Widening Its Interest In India’s Energy Sector
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Sanctions Prompt Rosneft To Consider Exiting Nayara Energy
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GRM: How Private Refineries Make $ 4 To 5/Barrel More Than The PSUs?
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Backlash Forces Pause In Directive Banning Old Cars
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Fallout Of The Blowout In ONGC’s Well RDS#147A
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Vanishing Subsidy In India’s Petroleum Sector
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Aviation Fuel Consumption Growth India: Normal? Robust?
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India’s Declining Ethane Imports: Companies Seek Partners To Build, Operate Large Ethane Carriers
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Growing Role Of Electric Vehicles
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ITD Cementation Secures $ 67.7 M Marine Contract For LNG Project
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CBG Plant At Brahmapuram To Be Inaugurated By July-End
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Castrol Launches Three New Lubricants
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Mitsui O.S.K. Lines
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Deep Industries Wins Rs 453 Million Oil India Rig Contract
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Shelf Drilling Rig Up For New Job In India
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July 11, 2025: In India, natural gas allocation is controlled by the government. Priority sectors are fertilizer, CGD, power, refinery and petrochemicals. How much natural gas did these sectors consume in the first two months of current financial year? Click column Gas Scene for details.
July 10, 2025 | Case For Expanded SPR Rests On A Rickety Premise: SPR stands for Strategic Petroleum Reserve. It refers to emergency stockpiles of crude oil that governments maintain to mitigate the impact of supply disruptions or price shocks. The growing faith in the SPR and the supposed benefits that will flow from it stems from an insufficient understanding of the changes in the crude oil industry’s fortunes. There is no shortage of Crude in the market and can be purchased without any difficulty. It is not a buyers’ market yet but is pretty close to it. The recent Israel-Iran war did not have any impact on its availability. Iran is an important crude producer. However, the US bomb attack which crippled Iran’s nuclear facilities – which hastened the end of the war - did not affect the crude market. The US is now trying to wreck the Russian crude oil supplies which may affect countries like India and China but it will not restrict availability of crude. Is the world already grappling with a crude oil glut? Click Free Access column Petro Intelligence to read an insightful piece.
In column Policy:
- Crude Oil Prices To Go Below $60/Barrel?
- Oil Major Shell Widening Its Interest In India’s Energy Sector
- Sanctions Prompt Rosneft To Consider Exiting Nayara Energy
- GRM: How Private Refineries Make $4 To 5/Barrel More Than The PSUs?
- Backlash Forces Pause In Directive Banning Old Cars
Column Regulation:
- Fallout Of The Blowout In ONGC’s Well RDS#147A
- Vanishing Subsidy In India’s Petroleum Sector
- Aviation Fuel Consumption Growth India: Normal? Robust?
- India’s Declining Ethane Imports: Companies Seek Partners To Build, Operate Large Ethane Carriers
There are exclusive reports in almost all columns.
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India Helped Global Markets By Buying Discounted Oil From Wherever Possible: Hardeep Puri
July 12, 2025: Silencing critics who have questioned India’s crude oil imports from Russia after the country started a war with Ukraine, Petroleum and Natural Gas Minister Hardeep Puri on Thursday said our continued purchase of crude oil helped stabilise global markets.
As a result of the war, the United more..
India set to explore nearly 2,50,000 square kilometres in new offshore and onshore areas says Petroleum Minister
July 12, 2025: Hardeep Singh Puri, Minister of Petroleum and Natural Gas has stated that India is set to explore nearly 2,50,000 square kilometres in new offshore and onshore areas, marking one of the worlds largest bidding rounds. Puri also noted that India plans to increase the share of natural gas in its energy mix from 6% more..
500% Russian oil tariff on India? There’s more to Trump’s latest declaration than meets the eye
July 12, 2025: A bold and controversial bipartisan bill introduced by Senators Lindsey Graham (Republican) and Richard Blumenthal (Democrat), seeks to radically escalate US pressure on countries that continue to buy Russian oil and other energy products, mainly India and China. The bill’s central feature is an more..
ONGC and Oil India to Spearhead India’s Geothermal Leap with Iceland’s Support
July 12, 2025: India’s state-run oil giants, ONGC and Oil India Limited, are taking centre stage in a landmark clean energy collaboration with Iceland. The strategic partnership, forged during a high-level meeting between Union Minister Hardeep Singh Puri and Icelandic Foreign Minister Þorgerður Katrín more..
India installs its first steel pipeline integrated CBG plant in Punjab
July 12, 2025: India has taken a major step forward in clean energy with its first steel pipeline-integrated Compressed Biogas (CBG) plant in Batala, Punjab. This new plant connects directly to a City Gas Distribution (CGD) network via steel pipeline, improving safety and cutting costs, while setting a new national standard more..
IndianOil to upgrade Panipat refinery’s diesel unit for green jet fuel production
July 12, 2025: Indian Oil Corp plans to shut the diesel desulphuriser unit at its 300,000 barrel-per-day Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said on Thursday.
The overhaul of the diesel unit is scheduled for late more..
Indian refiners eyeing Canadian oil to diversify basket: Dastur Energy CEO
July 12, 2025: Indian oil refiners are exploring the opportunity of importing Canadian crude oil in their quest of diversifying sources to secure supply amid rising geopolitical tensions, Atanu Mukherjee, CEO of Dastur Energy—an energy consultancy firm—told Moneycontrol in an interview.
Supplying more..
GAIL notifies job vacancy for CMD; apply before Aug 5
July 12, 2025: GAIL Recruitment 2025: The Maharatna petroleum PSU GAIL (India) Limited through PESB portal has release a job notification for its Chairman & Managing Director (CMD) post. Eligible and interested candidates can apply for GAIL’s top post by August 5, 2025. The CMD post in GAIL set to vacant on March 1, 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.
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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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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.
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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
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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Bhalla Appointed As Member (Technical) In Appellate Tribunal For Electricity
 Eight months after retiring as Secretary of the Ministry of New and Renewable Energy (MNRE), Bhupinder Singh Bhalla (Retd IAS:1990:AGMUT) has been appointed as Member (Technical) in the more...
MRPL Appoints Three Executive Directors
 MRPL has appointed Yogish Nayak (Finance), Deepak Prabhakar (Marketing), and N Anandha Kumar (Refinery) as Executive Directors. Yogish Nayak S has been appointed as Executive Director (Finance), more...
Torawane MD GSPC Appointed Secretary Panchayats And Rural Development
 Milind Torawane MD GSPC has been appointed Principal Secretary Panchayats, Rural Housing. Milind Torawane, IAS, will remain the Managing Director of Gujarat State Petroleum Corporation Limited and more...
Arvind Kumar, Director (Refineries) Assumes Additional Charge as Director (Pipelines) at IndianOil
 Arvind Kumar, Director (Refineries) at IndianOil, has taken on the additional charge of Director (Pipelines). As a distinguished leader with over 35 years of experience in the petroleum industry, Mr. more...
IndianOil’s Niranjan Bhalerao Selected To Be Next Director (Finance) Of GRSE
Niranjan Bhalerao is set to be next Director (Finance) of Garden Reach Shipbuilders and Engineers Limited (GRSE), a Miniratna PSU under the Ministry of Defence. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Saturday. Currently, he is serving as Executive Director (Finance) more...
Castrol India Appoints Mrinalini Srinivasan As Chief Financial Officer
 Castrol India has announced the appointment of Mrinalini Srinivasan as its new Chief Financial Officer (CFO), effective July 28, 2025. She succeeds Deepesh Baxi, who stepped down from the role in 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.
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Case For Expanded SPR Rests On A Rickety Premise
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It Is Time That Oil India Gets Its Due
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India Needs To Snap Up LNG Assets In US
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Time To Hunt For New Forms Of Energy
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Mitsui OSK To Invest In JV With ONGC For Ethane Carriers
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ONGC-Sinopec JV, MECL, Achieves Landmark Output In Colombian Oilfield
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Sector-wise Consumption Of Natural Gas
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Domestic Natural Gas Scene Presents A Dismal Picture In May 2025
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Highlights of Domestic Natural Gas Scene In April 2025
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How Much Is India’s Domestic Production Of Natural Gas? How Much Is Natural Gas Consumption And Import Dependency?
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Where Does India figure among the world’s Top Natural Gas Consuming Countries?
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India’s LNG Import & Re-gasification Terminals’ Capacity Up By 5 MTPA
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Domestic Natural Gas Scene In April Presents Declining Production, Increasing LNG imports
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Sector-Wise Consumption Of Natural Gas In FY ’25
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Dismal Performance By Domestic Natural Gas Producers In March 2025
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India’s LNG Regasification Terminal Capacity In For a Big Jump
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India’s LPG Profile as on January 1, 2025
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Domestic Natural Gas Scene In February 2025
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Domestic Natural Gas Scene In January 2025
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India’s Growing Gas Import Dependency
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Oil India’s Highest ever production
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Analysis Of Crude Oils Processed By Indian Refineries In May 2025
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Quantum Of Crude Oil Import Declines in May, OPEC Share Increases
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Most Global Trading Hubs Report Rising Refining Margins
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How Prices Moved In the Indian Crude Basket in June 2025?
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Retail selling price of major petroleum products in India & neighbouring countries
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BPCL To Set Up Global Crude Oil Trading Desk To Be Operationalized in FY ’26
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Analysis Of Petroleum Products Consumption During The Current FY 2025-26
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Domestic Share in India’s petroleum Products Consumption Touches All-Time Low In May 2025
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Consumption Growth Of Petroleum Products Slows In May 2025
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Profit After Tax Of India’s Oil Cos Decline In FY ’25
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Share Of Imported and Domestic Crude In Processing by Indian Refineries
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India’s Peak Power Demand Falls During April-May 25
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Status Of Shale Gas &Oil Exploration
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Significant Jump In Crude Oil Processing By Indian Refineries In FY 2024-25
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