Policy
India Sets Up Two Cross Country Pipelines For Export Of Petroleum Products
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Iraq Trying To Woo Back India With Price Concessions For Its Crude?
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Foreign Oil And Gas Giants Invest In Renewable Energy Projects In India
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India’s Retail Consumers Unlikely To Benefit By Crude Price Slump
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Petroleum Products Consumption Trend Tells India’s Growth Story
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Regulation
Shell’s Extremely Cautious Growth Strategy In India’s Fuel Retailing
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Rise In Domestic Natural Gas Price Likely Despite Fall In LNG Price
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IOC Changes Strategy, Invokes IBC To Acquire Mercator Petroleum
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After Ethanol, Biogas, India’s Focus Is On Methanol
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Alternative Energy / Fuel
Growing Alternate Fuel Marketing Infrastructure In India’s Retail Outlets
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New Projects
GAIL Signs Agreement With Shell Energy India On Ethane Sourcing
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IOC Biturox Unit At Gujarat Refinery
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Market Watch
HPCL To Manufacture, Distribute Chevron’s Lubricants In India
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Companies
SEROS
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IREDA IPO Approved
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Indian Oil Corporation Forms JV With NTPC Green Energy
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EIL Looking To Diversify Into Nuclear, Be Global Leader In Total Energy Solutions
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Press Release [FREE Access]
Latest Exclusives

March 30, 2023: It is a story of rising share of imported crude in India’s crude processing. The share of domestic crude has been going down steadily which resulted in imported crudes’ share rising to 89.2 per cent in September 2022. Click column Special Database for details.


March 29, 2023: The government’s natural gas allocation ensures that all sectors of the economy get their share of gas on the basis of the already decided priorities. India imports LNG to meet more than 50 per cent of its domestic demand. Click column Gas Scene to get details of sector-wise consumption of natural gas in February 2023.

March 27, 2023 | Why Everyone Is In A Tizzy Over An Ambitious Goal: In 2017, Prime Minister Narendra Modi announced that the share of natural gas in India’s total energy mix should rise to 15 per cent by 2030. When Modi announced the target, the share of gas in the energy mix was at 6.2 per cent. It is believed to have nudged up to 6.6 per cent since then. We haven’t come across any energy expert who believes that share of gas can cross 8 percent and that too only by 2040. Mr Modi cannot afford the target to collapse so miserably. Sooner or later, he will need to intervene and let some of that hot air out of the gas bag. The state-owned Gas Authority of India (GAIL) has already started to show the way. There is still a sliver of a possibility that Modi’s ambitious target could be achieved. Click Free Access column Petro Intelligence to read an exciting piece.
Today's News [FREE Access]
ONGC to start oil production from KG block in May, gas in 2024
March 30, 2023: Oil and Natural Gas Corporation's (ONGC) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June   more..


PNGRB Notifies Levelized Gas Pipeline Tariff
March 30, 2023: The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified a levelized Unified Tariff of Rs.73.93/MMBTU. It and created three tariff zones for Unified Tariff, where the first zone is up to a distance of 300 kms from gas source, second zone is 300 – 1200 kms and third zone is beyond 1200 kms. The   more..


Colombo awards licences to three foreign firms, including a Chinese one, to operate in retail fuel market
March 30, 2023: Sri Lanka's cabinet on Tuesday approved Chinese state-owned Sinopec, United Petroleum Australia and US-based RM Parks, which has collaboration with British oil giant Shell, to operate in the country. "The three firms will each be allocated 150 dealer-operated fuel stations, which are   more..


Sechin Makes a Working Trip To India
March 30, 2023: Igor Sechin, Chief Executive Officer of Rosneft Oil Company, made a working trip to India, during which he met with officials from the Indian government, as well as with the heads of some of the country's largest oil and gas companies. During the trip, Rosneft Oil Company and Indian Oil   more..


Russia Claims To Have Completely Redirected Oil Exports To Avoid Embargo
March 30, 2023: Russia has succeeded in redirecting its crude oil and fuel exports after the EU embargoes and the price cap set by the West, Russian Energy Minister Nikolai Shulginov said on Tuesday. Russia hasn't reduced its sales of crude and petroleum products, the minister was quoted as saying by Russian news agency   more..


Gas retailing in Indian cities needs fewer but bigger players
March 30, 2023: Natural gas retailers in India, the world’s fourth-biggest LNG buyer, need consolidation to bring economies of scale, according to a top official of a gas supplier There is a lot of global interest,” Hardip Singh Rai, chief executive officer of Think Gas, told Bloomberg Television in   more..


Tata Power Solar Systems wins Rs 1,755-Cr bid to set up 300-MW renewable energy project in Rajasthan
March 30, 2023: Tata Power Solar Systems Limited (TPSSL) won an award worth Rs 1,755 crore for the installation of a 300 MW project in Rajasthan for state-owned NLC India Limited (NLCIL). TPSSL, a subsidiary of Tata Power Renewable Energy Limited (TPREL) is one of India's largest integrated solar companies.   more..


TotalEnergies Forays into Online-to-Offline Segment in India with VehicleCare and Automovill
March 30, 2023: TotalEnergies Marketing India Private Limited (TEMIPL) has inked partnership agreements with two Online to Offline (O2O) automobile service aggregators in India to enhance customer touchpoints across multiple channels. The service aggregators are VehicleCare and Automovill based in Gurugram and Bengaluru   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
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 of more...

IOC steps into Oman with acquisition
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
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 crucial Final more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
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 Ltd (OIL) and Indian more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
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 discovery in India more...

Iran Announces Deals With Countries, No mention Of India
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 development where India more...

ONGC’s Search For Producing Assets
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 that the private 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
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...

Future Power Grid Vision - Grid Of Microgrids
The electric grid has been around for nearly 140 years, but it’s yet to overcome its biggest nemesis: the weather. Recent prolonged blackout in Texas (Snow storm) is showcasing that point as it suddenly rivals California (Forest wildfires) in proving the need for microgrids. Sustainable energy is the sustainable more...

Future of India’s transport story is renewable biogas
Vinod Paremalby Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs. Petrol and diesel more...

Time for Introspection and redefining wealth and the basis for economic planning
Over emphasis on Gross Domestic Product (GDP) without taking into account the impact to Mother Earth’s Ecological systems (resource abuse) and consideration of equanimity for all has already shown the ill effects all around the world. And worse still is the fact that the sinner does not necessarily pay the price but 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
G Krishnakumar Is CMD Of Bharat Petroleum
G. KrishnakumarG Krishnakumar has taken over as chairman and MD of Bharat Petroleum Corporation (BPCL). He is credited with the initiatives to revolutionise the downstream fuel retailing industry. He has also more...

Vedanta Appoints Omar Davis As Its President - Strategy
Anil Agarwal-led Vedanta on has announced the appointment of Omar Davis as its President-Strategy. Davis will work closely with Vedanta chairman Agarwal to lead the Group's strategic initiatives and will be based out of the group's London office. A seasoned natural resources banker, Davis has an experience of 25 years more...

IREDA Appoints Rohini Rawat, Ram Nihal As Independent Directors
Indian Renewable Energy Development Agency (IREDA) has announced the appointed of two Independent Directors on its Board. Rohini Rawat and Ram Nihal have been appointed as Independent Directors on its board. Rawat is post graduate in M.A. (Economics) from Rohilkhand University, Bareilly (Uttar Pradesh). She is serving the more...

Indian Petro Scene - In a Nutshell
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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Petro Intelligence [FREE Access]
Why Everyone Is In A Tizzy Over An Ambitious Goal
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Ethane Ignites A Game-changing Strategy
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GAIL Opens The Doors To An Energy El Dorado
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Why Gas Swap Deals In A Post-Ukraine Scenario Make Sense
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Foreign Investment
ONGC, TotalEnergies Ink MoU For Oil And Gas Exploration
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Qatar Conglomerate Backs Kabira Mobility
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Petronas Seeks Stake In NTPC Renewable Energy Arm
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Overseas Investment
Court Rules UK’s $1.15 Bln Funding For Mozambique LNG Project Is Lawful
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Gas Scene
Sector-wise Consumption Of Natural Gas In February, April-February 2023
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Domestic Natural Gas Scene in February 2023
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Indian Oil Corporation Moves Towards Natural Gas
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Sectoral Consumption of Natural Gas In January 2023
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Unimpressive Domestic Natural Gas Production Scene
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Latest Liquefied Petroleum Gas Profile
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Natural Gas Price Trends: Global, Domestic
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The widening CGD Infrastructure
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India’s Consistently Increasing Natural Gas Import Dependency: A Total Picture
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Sector-wise Consumption of Natural Gas In December 2022
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Domestic Natural Gas Scene In December 2022
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Natural Gas Prices Plunging?
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India’s LNG Import Shrinks In Volume, Price Doubles During April-September 2022
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Sectoral Consumption Of Natural Gas
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Domestic Natural Gas Sector Presents A Dismal Picture
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Story Of Rising Share of Imported Crude And Decline Of Domestic Crude In Processing
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Product-Wise Consumption Of Petroleum Products In February 2023
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Power Shortage To Boost Diesel Consumption
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Indian Refineries Double Their GRMs During April-Dec 2022
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BPCL’s Growing Upstream Footprint
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Downstream Major IOC’s Upstream Portfolio
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Where Does India Figure Among Countries With Proved Crude Oil Reserves?
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Refinery Margins Make Strong Rebound Globally
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Price Movements In Indian Crude Basket
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State-owned (PSU) Oil &Gas Companies Poised To Hit Capital Expenditure Target For Current FY
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Kerosene Oil on Its Way Out in India?
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Analysis Of Petroleum Products Consumption Trends for FY 2022-23
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Power Supply Position Continues To Influence Diesel Consumption
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India’s Crude Oil Import Conundrum Takes A New Dimension
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Consumption Of Petroleum Products In January 2023
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Petroleum Products: Exports Drop Sharply, Imports UP In January
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Analysis Of Crude Oil Processing By Indian Refineries
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Tenders [FREE Access]
Cairn Oil and Gas
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