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Indian Investment In Arctic Coast Can Be Counter-Productive
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Saudi Arabia Deepens Petroleum Relationship With India
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Will Saudi Aramco Partner India’s New Crude Storage Capacity?
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Petrochina Seeks New Export Markets
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Will Relaxed Norms Entice New Players Into Oil Retail Marketing?
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Gas Grid Progresses, Uncertainty Over Demand Remains
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ONGC Advised To Opt For Partnership For Deep Water E&P Globally
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PLL’s Kochi Terminal On Way To Higher Capacity Utilisation
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IOC Very Close To Plastics-To-Oil Tech Breakthrough
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Ethanol Blending With Petrol Program Makes Progress
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Ethanol Procurement Price Increased
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Rajasthan Refinery To Be Completed By 2022
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Capstone Secures First-Ever Offshore Oil And Gas Order In India
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NOC To Extend Oil Pipeline To Chitwan
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Shell launches Customer Experience Centre in Bangalore
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Devi Engineering & Constructions Pvt Ltd
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IGL Consolidated Net Profit Doubles In Q2
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Cairn Gets 10-year Extension For Ravva Oil, Gas Field
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Petronet LNG Doubles Net Profit In September Quarter
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- ONGC declares results for Q2 FY’20
- MRPL resumes Phase-3 refinery operations
- ONGC is the Best in Operational Performance: ICC PSE Excellence Awards 2018
- ONGC CMD Shashi Shanker is Distinguished Fellow of Institute of Directors
- ONGC sweeps Dun & Bradstreet PSU Awards, bags 4 in Maharatna category
- Hunting Energy Services & Jindal SAW Ltd. joins hands to provide cutting-edge Premium Connection technology
- ONGC investing Rs 830 billion in 25 projects; cumulative Oil & Gas gain over 180 million tons
- ONGC declares results for Q1 FY’20: Posts Net Profit of INR 5,904 crore; records 3.7% increase in Gas Production Q-o-Q
- ONGC and IndianOil join hands to reduce carbon emission and enhance oil recovery
- ONGC posts highest ever net profit of INR 26,716 crore for FY’19, up by 33.9% YoY
- Public notice on fake job offers in MRPL
- MRPL Annual results for FY 2018-19
- ONGC reaffirms its strong financial position
- Distribution of Letter of Intents for 50 Geographical Areas (GAs) under the 10th CGD Bidding Round
- Petroleum Minister dedicates three mega ONGC projects in Assam to the nation
- 10th CGD Bidding Round
- ONGC CSR work in Jammu & Kashmir recognized by FICCI
- ONGC Q3 FY’19 Results: Net Profit Rs.82.63 billion, up 64.8% QoQ, declares interim dividend of Rs.5.25 per share
- Prime Minister dedicates ONGC’s key east coast project S1 Vasishta to the nation
- MRPL Q3 results
- PETROTECH-2019: 13th International Oil & Gas Conference and Exhibition, New Delhi-NCR, India, 10-12 February 2019
- Energy major ONGC eyes Strategic Roadmap 2040
- ONGC experts bring ‘Pethai’ hit offshore drilling rig in India’s Eastern Coast to normal
- Petrotech to strengthen global oil and gas engagement –Dharmendra Pradhan
- Dr. Alka Mittal takes charge as Director (HR), ONGC
- MRPL: Extract Of Standalone Financial Results For The Quarter And Half Year Ended September 30, 2018
- MRPL Results: Highlights for the Half year (H1 FY19)
- ONGC awards contract for Integrated (SPS + SURF) Work Package for Development of its Mega Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast
- Wild Well Announces New Onsite Rig Crew Training Service
- Ground-breaking ceremony held for Wärtsilä built Hamina LNG terminal
- Drones solving safety challenges within the tank storage industry
- Petroleum Minister visits ONGC Ankleswar Asset; puts well to production
- ONGC receives prestigious FIPI Oil & Gas Awards 2017
- IPOL Lubricants Goes Global
- MRPL 2018-19 Q1 results
- GAIL 2018-19 Q1 results
- Winning Bidders Of 9th CGD Bidding Round
- ONGC Results Q1 FY’19: Net Profit ` 6,144 crore, up 58.1% QoQ
- ONGC conferred with INFRA Icon Award in the ‘Global Energy' category
- ONGC, supported by Indian Navy, braves adverse weather conditions to plug leakage in Offshore Well
- New Sales Director India for Bentec GmbH Drilling & Oilfield Systems (Germany)
- SOPAN to Provide One of the Most Eco- friendly Enhanced Oil Recovery Solutions in India
- MRPL Annual Results
- ONGC drills 503 wells in FY’18 – Highest in 27 years
- Russian Oil Company Russna Oil offers petroleum products
- ONGC fosters Solar Chulha manufacturing to fuel Indian households sustainably
- MRPL wins BML Munjal award for Business Excellence through Learning and Development
- Dharmendra Pradhan Flags Off ONGC’s Ambitious KG-DWN-98/2 East Coast Project
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November 19, 2019: India is Asia's largest petroleum products exporter who imports 84 per cent of crude oil required for its refineries. Click column Special Database for an update of the refining capacity, total, company-wise, refinery-wise and sector-wise.
November 18, 2019: Last week we uploaded details of gas production, total, company-wise, import and consumption in September 2019. Sector-wise consumption of natural gas was made available only on Friday. Monthly figures though from official sources are initially provisional in nature. Officially confirmed final consumption figures are available up to June 2019. Click Gas Scene for details.
November 15, 2019: India's energy consumption grows the fastest among all major economies by 2040 with coal contributing most to meeting this demand followed by renewables. Share of oil India's energy mix is set to decline during 2017-2040. Click column Special Database for details.
November 11, 2019 | Corruption Stance: Soft On Some, Harsh On Others | India’s petroleum sector for the last 50 years has been generating massive kickbacks. Political parties love the portfolio of Ministry of Petroleum and Natural Gas precisely on account of the moolah it generates in deals. The Modi government has reportedly blocked fresh investment by BPCL in the Mozambique gas block. Any sensible government will investigate charges of corruption and therefore, the on-going investigation should be welcomed. But industry circles wonder why the government is sitting over some of the proven and blatant cases of corruption in the petroleum sector. The alleged corruption by BPCL happened during the previous UPA government. So did the corruption in the deal with RasGas. It is the most daring corruption in recent history in which a former cabinet secretary is believed to have played a key role. Why soft to one corruption and harsh to another? Click Free Access column Petro Intelligence to read a brilliant piece on the subject.
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ONGC production disappoints in Q2; higher crude oil prices are key
November 19, 2019: Oil and Natural Gas Corp. Ltd’s (ONGC’s) September quarter results did not impress the Street. Even as the company’s stand-alone net profit of ₹62.63 billion was in line with the estimates of a Bloomberg poll of analysts, there were some disappointing factors.
more..
Success of Aramco could be positive for M&A deals of Indian refiners as well
November 19, 2019: The wait ended on Sunday, when Saudi Arabian oil giant, Saudi Aramco, announced its blockbuster IPO. Everyone would like to be part of this story, directly or indirectly. And so will be Indian refining and marketing companies, but how much only time will tell. Aramco, which is already finding its footings more..
Asian Oilfield to acquire majority stake in joint venture Optimum Oil and Gas
November 19, 2019: Asian Oilfield Services has entered into a share purchase agreement for the acquisition of 51 per cent of equity share capital in Optimum Oil and Gas from its existing shareholder. The company currently holds 23 per cent of equity share capital in Optimum. "On completion of all closing formalities, more..
IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Pradhan
November 19, 2019: Indian Oil Corp (IOC) and GAIL India will pay Adani Group 5 per cent more in hiring charges for using the private firm's upcoming LNG import facility at Dhamra in Odisha than their own similar terminal, Oil Minister Dharmendra Pradhan said on Monday.
India's largest oil firm IOC, more..
Essar, Adani, GAIL buy bulk of Reliance gas; fertiliser companies skip
November 19, 2019: Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries’ newer fields in the KG-D6 block at USD 5.1-5.16 per unit but fertiliser companies skipped the auction that could have helped save at least Rs 8 billion subsidy annually.
Essar more..
Bangladesh gas line explosion kills at least 7
November 19, 2019: At least seven people were killed and 10 injured in a gas line explosion near a port in southern Chittagong city of Bangladesh, police said. The incident occurred in the Pathorghata area of the city, police deputy commissioner Mehedi Hasan told EFE on Sunday.
"At least 17 people were more..
Explained: Why IOC has developed a special fuel for use in Ladakh
November 19, 2019: Petroleum Minister Dharmendra Pradhan said that the uninterrupted supply of the special fuel to Ladakh would reduce the hardships faced by the local people for transportation and mobility during winter months, helping facilitate the local economy and tourism.
On Sunday, Indian Oil more..
Petrol prices rise for 5th day, diesel untouched
November 19, 2019: With Brent crude oil rates on its highest in the last two months, the price of petrol shot up for the fifth consecutive day today. In the last eight days, the price of petrol is up by Re 1 a litre while that of diesel has decreased by 12 paise. Diesel prices remained constant for the sixth day today even as more..
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Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
 by 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...
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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...
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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.
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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.
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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.
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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...
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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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Manoj Jain Selected As Next CMD Of GAIL
 The Public Enterprises Selection Board has selected Manoj Jain for the post of CMD, GAIL (India) Limited. Currently, he is Director (Business Development), GAIL (India) Limited. Jain, 57, will have term till more...
Anurag Sharma Selected For Director (Onshore), ONGC
The Public Enterprises Selection Board has selected Anurag Sharma for the post of Director (Onshore), Oil & Natural Gas Corporation Limited. Currently, he is Executive Director, ONGC.
Subject to requisite clearances and ACC approval Anurag Sharma will replace Sanjay Kumar Moitra; the outgoing more...
Shell Appoints New Head Of Refining Business
 Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream businesss, the refining operations. Vigeveno, 50, previously led Shell's global commercial business and rose to prominence when more...
Jindal No Longer Director At Indian Oil Corporation
 Indian Oil Corporation has announced that Ashutosh Jindal, Government Director representing Ministry of Petroleum & Natural Gas (MoPNG), has ceased to be a Director of the Company from November more...
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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.
To download this full article in PDF, click here |
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Corruption Stance: Soft On Some, Harsh On Others
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Are Energy Sector Initiatives Missing Energy Imperatives?
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Here We Go Again – Tellurian LNG,More Questions Than Answers
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Bring Fair Play Back Into Petroleum Industry Regulation
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OPIC Invests $350 Million In Renewable Sources In India
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IndianOil To Open Retail Outlets In Saudi Arabia
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Sector Wise Demand And Consumption Of Natural Gas - September 2019
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Domestic Gas Scene in September 2019
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Gas Demand: Potential & Actual*
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Natural Gas consumption pattern - India (2018-19)
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Coal Bed Methane (CBM) Gas Development In India
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The Global LNG Market - Rising Capacity
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A ‘Realistic’ Sector-wise Gas Demand Projection
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Historical Production & Consumption Pattern Of Natural Gas
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Natural Gas Price Declines Globally And In India
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Performance Story Of Petronet LNG’s West Coast Regasificaction Terminals
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Domestic Natural Gas Scene in August 2019
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PNG Penetration Seems Hitting LPG Marketing
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Trends in Natural Gas Price: Global and Domestic (June 2019)
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Sector-wise Demand And Comsumption Of Natural Gas
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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Update : Refining capacity, total, company-wise, refinery-wise and sector-wise
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India’s Energy Outlook 2040
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Update: Oil Import - Volume And Value
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Petrochemical Business Outlook
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Petroleum Products Consumption Growth: The Present And History
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Power Deficit: Region-wise Position For September 2019
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Petroleum Products Import Surges In September 2019
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Crude Oil Import Drops In September 2019.
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Passenger Vehicles Sale Continues To Decline
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Oil demand & supply: An OPEC Projection
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Indian Rig Count vs. Indian Basket Crude Price In August 2019
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Oil India Limited: Reserve Base, Operating Performance
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Indian Basket Crude oil price In September 2019
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Oil India’s Domestic & Overseas E&P Assets: An Update
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Complete Electrification of India’s Transportation A Far Dream
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Big Increase In Petroleum Products Import In August 2019
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Crude Oil Import Goes Up In August 2019, Down In April-August Period
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Decline In Growth Of passenger, commercial vehicles, 2-wheeler Sales In August 2019
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Power deficit: Region-wise position for August 2019 (% deficit)
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LNG Regasfication Terminals: Operating, Inaugurated, Completed, Under Construction, Planned, Proposed
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Capacity Utilization of India’s Operating LNG Regasification Terminals
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