Oil Prices Drop On Fears Of Trade War, How Far Will It Go? more...
Donald Trump Unleashes American Energy more...
Will India Turn To US For Energy Imports? more...
Public-Private Partnership Projects: Second Phase Of India’s Strategic Crude Storage Gets Funds Allocation more...
Opening Up Of ‘No- Go’ Areas: OALP 10th Round May Attract Foreign Bidders more...
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The Cost Of BPCL’s New Refinery Raises Eyebrows In Industry Circles more...
Impressive Progress In EV Growth, But Problem Areas Remain more...
India Opts For CSEM Survey In Search Of Oil And Gas Offshore more...
India’s Growing Obsession With Ethanol Blending In Petrol more...
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India’s Ranking In Electricity Consumption, Renewable Energy Production more...
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Lyondellbasell Selected By IOC For Advanced HDPE Technology more...
EIL Bags PMC Services Contract For HPCL Line Project more...
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Blueleaf Energy more...
BPCL Awards 12-Month Murban Crude Import Tender To Total more...
Jakson Green, Blueleaf Energy Announce Partnership more...
EIL Appointed As Project Management Consultant more...
Oil India Sets Up Subsidiary To Explore Renewable Energy Options more...
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- Ohms Energy Pvt. Ltd. Leads the Way in Industrial Solar Revolution with SG Heavy Engineering Ltd.
- Castrol India Limited Announces FY 2024 Results
- GAIL Increases Start-up Corpus Fund to Rs 5 billion to boost Innovation and Entrepreneurship
- BPCL - BPCL and Refroid Technologies Launch India’s First Indigenous Liquid Coolant for AI-Driven Data Centers
- ONGC declares results for Q3 FY’25: Posts Net Profit of ₹ 82.40 billion, declares 2nd interim dividend of ₹ 5.00 per share; oil and gas production rises
- Adani Total Gas 9MFY25 & Q3 Results
- BPCL Posts Remarkable Growth: Profit Soars 94% to Rs.46.49 billion in Q3 compared to Q2
- MRPL PRESS RELEASE Quarterly result
- Oman Oil Marketing Company and TFG Marine establish bunker fuel supply joint venture
- BPCL Achieves Financial Closure for Bina Refinery Expansion cum Petrochemical Project
- India Refining Summit concluded successfully: Emphasised on incorporation of green technologies and innovate sustainable options for transitioning the sector to a Net Zero future
- TotalEnergies, bp, Equinor and Shell join forces to help increase access to energy
- ONGC declares results for Q2 FY’25: Posts Net Profit of ₹ 119.84 billion, up by 17.1%; declares interim dividend of ₹6.00 per share; Oil and Gas production starts rising
- Strategy & Outlook Presentation 2024: “More energy, less emissions, more free cash-flow
- Adani Total Gas Secures Largest Global Financing in the City Gas Distribution Business
- Deep Industries Ltd receives order worth ₹ 1,402 Cr for Production Enhancement Operations from ONGC
- 3t Drilling Systems Expands in India through ONGC Deal
- AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network
- US committed to partner in India’s energy transition journey: US Foreign Commercial Service
- Castrol India Limited 2Q 2024 Results
- GMDC and Ministry of Coal, Govt. of India sign Coal Mining Development and Production Agreement for Kudanali-Lubri coal mine, Odisha
- Vivek Chandrakant Tongaonkar appointed as Director (Finance) at ONGC
- EKI Achieves Breakthrough with First-Ever Improved Biomass Cookstove Project
- Strategic partnership between Hubject and Exicom aims to fuel further growth in India’s booming EV market
- Major developments in the energy transition and strategies for scaling up the clean mobility sector to be in spotlight at the upcoming NGV India Summit in July
- GAIL enters 14-year time charter with CoolCo for newly built LNG carrier
- GAIL reports Annual Revenue of Rs 1306.38 billion, PBT Rs 115.55 billion (up by 75%) & PAT Rs 88.36 billion (up by 67%) in FY 2024
- LNG India Summit 2024 New Delhi
- MRPL gets new Executive Director
- Asian Energy Services Limited Q4FY24: Reports significant uptick in Revenue and Operating Profit; strong visibility for FY25 with order book in excess of Rs 10 billion
- Adani Energy Solutions ends the FY24 on a strong note
- Prime Minister flags-off First Crude Oil tanker from ONGC Krishna Godavari deepwater block
- MGL reduces CNG prices
- CERAWeek by S&P Global 2024 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 18-22
- SgurrEnergy announces milestone of 60 GW~ renewable energy experience from Indian projects and 100GW+ globally
- ONGC Mumbai High a national treasure: Petroleum Minister Hardeep Puri
- Asian Energy Services Ltd Secures LoA of Rs 250 CR from Central Coalfields Ltd (A subsidiary of Coal India Ltd)
- ONGC in Joint Venture Agreement with NTPC Green for Renewable Energy
- TotalEnergies and ONGC in India Join Forces to Detect and Measure Methane Emissions
- EKI Energy Services Ltd Forges Strategic Partnership with African Jospong Group Of Companies Ltd to Mobilise Carbon Finance in the Continent
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February 13, 2025: The share of imported crude in processing by refineries has been rising consistently. What precisely has been the respective share of imported and domestic crude processed by Indian refineries? Click column Special Database for details.
February 12, 2025: We recently reported the story of India’s falling domestic crude production. The fall is not only in domestic fields but also in overseas projects in which state-owned oil and gas companies such as ONGC Videsh, IOC, BPCL and GAIL have invested. Click column Special Database for details.
February 10, 2025 | Russian Crude Flows To India At Risk Of Slowing To A Dribble: The future looks very dicey for Russian crude’s share in India’s import basket. The sweeping sanctions unleashed by the Biden administration in its dying days can take Russian crude’s share in India’s imports back to 2 per cent if they aren’t lifted. India benefitted hugely from cheap Russian crude mainly on account of the discounted price. The discount has been shrinking but it is still cheaper than the market rate. India will be pinning all its hopes on President Trump. Trump is seen to be close to Russian President Vladimir Putin, which probably prompted President Biden to act before Trump’s second coming. President Trump is committed to end the war in Ukraine. Will India benefit if the sanctions against Russia are lifted? An end to the Ukraine war can have a negative impact on India once the US-led sanctions are lifted. Click Free Access column Petro Intelligence to read an insightful piece.
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BPCL inks term contract with Petrobras for Brazilian crude oil
February 13, 2025: State-run Bharat Petroleum Corporation Limited (BPCL) has signed a term contract with Brazil’s national oil company, Petróleo Brasileiro S.A. (Petrobras), for the supply of Brazilian crude oil grades. The agreement, initially valid for one year with an option to extend for another year, aims to more..
India is building a sanctions-proof supply chain for Russian oil
February 13, 2025: Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.
Speaking on the sidelines of India’s flagship energy gathering in Delhi, more..
BPCL to set up 10 LNG stations, sign 5-year deal with ADNOC for 0.45 MTPA supply
February 13, 2025: State-run Bharat Petroleum Corporation Limited (BPCL) will establish 10 new liquefied natural gas (LNG) stations and sign a five-year supply agreement with Abu Dhabi National Oil Company (ADNOC) for 0.45 million tonnes per annum (MTPA) to meet the rising demand for cleaner fuels, BPCL Director (Finance) more..
IEA says India should free gas pricing; unbundle gas marketing, transportation business
February 13, 2025: International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising more..
TotalEnergies set to boost India’s gas market with decade-long LNG supply
February 13, 2025: Thanks to this multi-year sale and purchase agreement (SPA), TotalEnergies will supply GSPC with 400,000 tons of LNG, amounting to six cargoes per year, starting from 2026. This LNG will be sourced from the French firm’s global portfolio and delivered to terminals on India’s west coast. more..
India can expect more oil coming from Venezuela, says Puri
February 13, 2025: India can expect more oil coming from Venezuela, said Minister for Petroleum and Natural Gas Hardeep Singh Puri at a press conference on the sidelines of India Energy Week (IEW) 2025 on Tuesday. “Earlier, Venezuelan oil was not available in the market because of international constraints. Now, all the more..
India to boost Iraqi oil imports amid Russian sanctions
February 13, 2025: India is set to increase its crude oil imports from Iraq as new sanctions on Russia threaten to disrupt its energy supply.
According to the Federation of Indian Petroleum Industry (FIPI), India’s reliance on Russian crude may face challenges due to rising shipping costs following fresh more..
IGX and HPCL Sign MoU to Boost Natural Gas Consumption in India
February 13, 2025: Indian Gas Exchange Limited (IGX), India's authorized natural gas exchange and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna Oil and Gas company today announced the signing of Memorandum of Understanding (MoU) to collaborate on enhancing the Natural Gas market in India. The MoU was signed 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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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.
more...
West Coast Refinery Continues To Battle A Jinx
By R. Sasankan
Industrial projects in India can never seem to skirt controversy and
invariably go through a prolonged period of uncertainty as promoters
fret over the roadblocks they face. The intensity of the controversy is
directly proportional to the size of the more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
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...
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...
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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.
more...
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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Sagar Singh Kalsi (IPS) Appointed As Director In MoPNG
Sagar Singh Kalsi, an Indian Police Service (IPS) officer of the 2010 batch from the AGMUT cadre, has been appointed as Director in the Ministry of Petroleum & Natural Gas (MoPNG) under the more...
H Shankar To Be Next Managing Director, CPCL
The Public Enterprise Selection Board (PESB) has selected H Shankar for the post of Managing Director, Chennai Petroleum Corporation Limited(CPCL). Currently, he is Director (Technical) and holds additional more...
IOC Elevates Manish Malik To Executive Director & CIO
Manish Malik has been appointed as the Executive Director (Information Systems) and Chief Information Officer (CIO) at Indian Oil Corporation Limited (IOCL). In this capacity, he will spearhead the more...
Rajnesh Singh (IRSME) Appointed As GAIL CVO
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajnesh (IRSME) as Chief Vigilance Officer (CVO) of GAIL India Limited. According to an order issued from the Department of Personnel & Training (DoPT) on February 1, Singh has been appointed to the post for a period upto March 31, 2028, with more...
Sachidananda Maharana To Be Next Director (Finance) Of NRL
Sachidananda Maharana is set to be next Director (Finance) of Numaligarh Refinery Limited (NRL), a division of Oil India Limited (OIL) under the ownership of the Ministry of Petroleum and Natural Gas. He has been recommended for the post by the Public Enterprises Selection Board (PESB) Panel on Saturday. Currently, he is 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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Russian Crude Flows To India At Risk Of Slowing To A Dribble more...
ONGC: Need To Revisit Drilling Choices more...
What Am I Missing? more...
The Oil Marketing Companies (OMCs) Have Fuelled Inflation more...
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Rolls-Royce And Triveni Engineering Partner Sign MoU On GTGs more...
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Hindustan Petroleum Lubricants Partners With Sea World Lanka more...
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India’s Growing Gas Import Dependency more...
Domestic Natural Gas Scene in December 2024 more...
India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024 more...
Dismal Domestic Natural Gas Scene In November 2024 more...
India’s Increasing CGD Sales more...
India’s Liquefied Natural Gas (LNG) Import: A Total Picture more...
Coal Bed Methane Development in India more...
Poor Capacity Utilisation of LNG Terminals In India more...
CGD Gets The Single Largest Share In Gas Allocation more...
Domestic Natural Gas Scene In September 2024 more...
Decline In Natural Gas Prices Continues In All Major Global Hubs more...
Sector-Wise Consumption Of Natural Gas more...
Widening Gap Between Targets And Actual Production In Natural Gas more...
Amazing Growth In LPG Coverage more...
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Share Of imported And Domestic Crude In Processing more...
India’s Crude Production Falling In Domestic As Well As Overseas Projects more...
India’s Refining Capacity as on 1st April 2024 more...
Petrol & Diesel Prices in India & Developed Countries more...
Break-Up Of Petroleum Products Consumption more...
Worldwide Active Rig Count 2024 more...
The Story of India’s steadily Declining Domestic Crude Production more...
India’s Exports Of Petroleum Products Decline, Imports Increase Sharply In December 2025 more...
Production Of Petroleum Products Up By 2.9% In December 2024 more...
How Much Crude Oil Did Indian Refineries Process In December? more...
Marginal Increase In India’s Crude Oil Imports, OPEC Share Up more...
Analysis Of The Consumption Trend In Petroleum Products During The Current FY more...
Retail selling price of major petroleum products in India & neighbouring countries more...
Weightage of Crude Oil, Natural Gas and Petroleum Products In India’s Wholesale Price Index more...
Impressive Growth in Diesel, Petrol Consumption In December more...
India’s Crude Oil Imports Since FY 2018-19,Year-wise Break Up more...
Refining Margins On The Rise In Global Hubs more...
Fuel& Loss In Indian Refineries more...
Yet Another Downward Revision In Global Oil Demand Growth Forecast more...
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