Policy
A Limited Waiver For India On Iranian Oil Is In US Interest
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PDVSA Deserved Sympathetic Response From ONGC Videsh?
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Political And Economic Fallout Of Rising Fuel Prices
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Policy Initiative To Incentivise Enhanced Oil & Gas Recovery
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India’s Evolving Policy On Electric Vehicles
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Regulation
US Crude Oils Can’t Be Processed Neat, Need Blending
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Ethanol Consumes More Energy Than It Delivers
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Threat Perception Unites Oil PSUs To Share Infrastructure
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New Sedimentary Basins Signal Hydrocarbon Presence
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Alternative Energy / Fuel
Methanol Production Gets Priority Among PSUs
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New Projects
Indo-Bangla Friendship Pipeline Project
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PLL Proposes LNG Terminal And Power Plant At South Andaman
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Market Watch
Qatar Petroleum Signs 3-Year Naphtha Agreement With Haldia Petrochemicals
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HPCL To Market Bitumen From JV Refinery In Bathinda
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Companies
PFH Oil And Gas
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Invenire Energy May Acquire Tata Petrodyne
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Reliance Shuts Offshore Oil & Gas Field In KG Basin After Decline In Output
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IGL To Set Up 60 CNG Stations FY19
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Press Release [FREE Access]
Latest Exclusives

September 25, 2018 | Kuwait Petroleum Finds The Going Tough: The perceived vibrancy of India’s petroleum market throws up surprises. Kuwait Petroleum which two decades ago dumped the 15 million tonne per annum joint venture refinery project at Paradip is finding it difficult to re-enter the Indian market. Bina Refinery does not seem keen to have it as partner. To enter Bina, it will have to outbid others, a costly proposition. There was a time when Indian PSU refineries desperately tried to woo foreign investors, but today they are being wooed by oil majors not only from the Middle East but also from the West. Russia is already in and is planning to consolidate its position by expanding its refinery and the marketing network. Vladimir Putin’s reflexes are sharper than others’. Click Free Access Column Petro Intelligence to read an exciting report.

Will India get at least a limited waiver from the sanctions against Iran? It should because it is in the interest of the US. ONGC’s decision to reject Venezuela’ offer of additional equity in the existing E&P joint venture looks unimaginative. It is difficult to quantify the political and economic fallout of rising fuel prices. These are among the five exclusive reports in column Policy.

US crude is slightly cheaper, but it cannot be processed neat and needs to be blended. Contrary to popular perception, ethanol consumes more energy than it delivers. Who then benefit by the hike in the procurement price of ethanol? These are among the four comprehensive reports in column Regulation.


September 24, 2018: India’s domestic natural gas scene continued to be dismal as the previous months’. None of the players could achieve the production target. LNG Import was slightly higher as usual. Click Column Gas Scene for details.

Today's News [FREE Access]
As oil forecasts call for $100, India considers cutting back crude imports
September 25, 2018: With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, Indian refiners are considering cutting back their imports and relying more on cheaper crude already stored in inventories, according to industry executives. Benchmark Brent crude oil futures surged 2 percent on Monday   more..


Petrol crosses ₹90-mark in Mumbai
September 25, 2018: Petrol on Monday crossed the ₹90-mark in Mumbai as a dip in the value of the rupee and rise in international oil prices pushed rates across the country to new all-time high. Petrol prices were hiked by 11 paise per litre and diesel by 5 paise, according to a price notification of state-owned   more..


Govt may opt to control retail fuel prices to cushion inflationary shocks: S&P
September 25, 2018: With petrol and diesel prices scaling record highs, S&P Global Ratings on Monday said the government may opt to control retail fuel prices to cushion inflationary shocks. India imports almost 80 per cent of its crude oil requirements. Rising crude prices and the recent 10 per cent slide in the rupee   more..


Don’t see a significant shift from diesel to petrol: Mercedes
September 25, 2018: In contrast to negative sentiments around mass segment diesel vehicles and rising fuel prices leading to decline in sales, Mercedes Benz India foresees diesel powered vehicles as one of the fundamentals of its success, going forward. As per the SIAM data, mass market diesel car sales have come down to 23   more..


Oil India shareholders approve raising Rs 70 bn through bond issuance
September 25, 2018: Oil India has received shareholders' approval to raise up to Rs 70 billion through the issuance of bonds and debentures on private placement basis, the state-owned firm informed stock exchanges Sunday. Company's shareholders have also approved the appointment of four independent directors.   more..


US may supply oil to India to bridge gap post-Iran sanctions
September 25, 2018: The US may offer oil and gas to India on concessional terms from its own reserves to help the country tide over Iran sanctions that propose to suck out close to 10 per cent of Indian crude imports. Diplomatic sources said that during the recently concluded 2+2 meeting in New Delhi, the US has indicated its   more..


Essenn LPG Bottling Pvt Ltd buys shares of Confidence Petroleum India Limited from market
September 25, 2018: Essenn LPG Bottling Pvt Ltd, Promoter of Confidence Petroleum India Limited has bought the shares of the company through open market purchases. The company has bought 146565 equity shares of the company through open market purchase for an amount of Rs. 6299797. The promoter entity's stake has increased in   more..


India enters new deep-water era
September 25, 2018: Sparked into action by prime minister Narendra Modi's grand plan for India's manufacturing industry, the oil and gas industry has embarked on an era of deep-water exploration. To date, the Satellite field lying at 1,700m is where the main action is, but there's more on the way. In late   more..

Petropulse / Guest Column
A New Approach towards Energy Strategy
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)C.N. Jatar, (Retd)*| August 17, 2018: I wrote about the need for a change of course in energy planning at the national level early this year. Although there 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
August 7, 2018: 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 more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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
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...

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
Shell Hires Ann Rapheal
Ann RaphealShell has hired Ann Rapheal, to lead its trading and business development operations in India. Rapheal was vice-president and head of crude oil and LNG trading at India's Nayara Energy, formerly called 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]
Kuwait Petroleum Finds The Going Tough
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LNG Terminals: A Minefield Of Risks
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IOC Mulls Options To Break Logjam Over Iran Stake In Chennai Refinery
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Why A Long-Term LNG Supply Deal With US Makes Sense
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Foreign Investment
GEV To Transport Middle East Gas As CNG For Delivery To India
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Overseas Investment
Russia Is India’s Largest Investment Destination In Oil And Gas Sector
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ONGC Videsh To Exit Kazak’s Satpayev Oil Block
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Gas Scene
Domestic Natural Gas Scene : August 2018
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Updatew: Existing Gas Pipeline Network, Gas Pipelines Under Execution
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India’s sectoral consumption of natural gas in July 2018 and net availability
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Gas pipeline network update
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An Update : Capacity Utilization of LNG Regasification Terminals
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Domestic Gas Prices & International Gas Prices
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Roadmap to setting up a functional Gas Marketing Hub in India
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Domestic Gas Scene In totality In Last 3 Years
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Month-Wise, Sector-Wise Consumption of Domestic Gas, R-LNG 2017-18
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LNG imports have consistently increased over the years
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15% Share of Gas in Primary Energy Mix – What it Translates to
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Salient Features of LPG Profile In Fiscal 2017-18
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Approved LNG Export Facilities
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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Important terms in pricing of petroleum products
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Story of India’s Petroleum Products Surplus
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OIL’s International Footprints
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IOC: Blocks’s Location, Reserves & Production and Recent Acquisitions
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Oil India Litd.’s assets and reserve base
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Share of taxes in RSP of Diesel (Delhi) as on 1st June 2018
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Share of taxes in RSP of petrol (Delhi) as on 1st June 2018
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IOC’s Present Petrochemical Projects and Capacities
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Weightage of Crude Oil, Natural Gas and Petroleum Products in Wholesale Price Index (WPI)
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IOC: Major Ongoing Projects and its Capex Plan for fiscal 2018-19
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Oil demand & supply
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ONGC’s Acquisition Of Oil & Gas Assets In Last 5 Years
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Break-up of Petroleum Products Consumption Data (PSU and Private)
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India’s Petroleum Products Import Declines In July 2018
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India’s Crude Import Registers Impressive Growth in July, OPEC Share Declines
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Update: Gross Refining Margins (GRM) of refineries ($/bbl)
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Tenders [FREE Access]
ONGC
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ONGC
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