Policy
Renegotiation Of Long-Term LNG Prices Looks Imminent
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Modi’s Visit Opens Prospects Of India-Russia Shipping Corridor
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Stalemated Investment Plans For Russian Oil & Gas Assets Revived
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Sliding Crude Price Neutralises Impact Of Surging $ On Import Bill
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Govt. Obsession With Fiscal Deficit Influences PSU Oil Cos’ Fate
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Regulation
Shortage Of Pet Coke Expected With RIL’s Gasification Projects
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Refineries To Pass On Cost Of BS-VI Fuels To Consumers
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PLL May Realise Its Dream of LNG Terminal On East Coast
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Fire At ONGC’s Uran Plant Exposes Safety Lapses
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Alternative Energy / Fuel
Ethanol Blending With Petrol Program Makes Progress
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Ethanol Procurement Price Increased
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New Projects
Sembcorp Marine Clinches FPSO Contract
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BPCL To Invest Rs 250 Bn On An Ethylene Cracker Unit At Rasayani
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Market Watch
Savita Oil Technologies Renews Agreement With Swaraj Tractors
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Companies
Savita Oil Technologies Ltd.
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Srei, Quippo Rosgeo Sign Agreement
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ExxonMobil Sets Up Finished Lubricants Technology Organization In Bangalore
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Livguard To Invest Rs 1 Bn For Lithium-Ion Battery Unit
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Press Release [FREE Access]
Latest Exclusives

September 23, 2019: Even as India's domestic crude and gas  production stagnated, production overseas by Indian PSUs continued to rise in the last two fiscal years. But their share in the overall production is down so far this fiscal. So is the case domestic production. Click column Special Database for details.


September 20, 2019: More than a decade since the government of India announced its Ethanol Blending Program (EBP) with petrol. The target raised and reversed, but no appreciable progress. Of late, with various incentives including attractive prices, the program has made some progress. Click column Alternate Fuel for details.


September 10, 2019 | Rash Of Scandals: When Negotiators Scupper India’s Interests: Indian authorities seem keen to re-negotiate the price of long term LNG. Petroleum minister Dharmendra Pradhan and Petronet LNG’s CEO Prabhat Singh hinted at the possibility of renegotiation but did not indicate when discussion will start. One must admit that one cannot go out and renegotiate a long-term contract in a jiffy. But equally, one cannot wait interminably to do so either. The present slide in LNG price is not a sudden development and the country’s energy experts ought to have awoken to the emergent situation when there was clear evidence of a demand-supply mismatch. Price of spot LNG in Asia slipped below $4/mmBtu against $12.5/mmBtu last year. India has an appalling record in negotiating long term LNG deals. Not that Indians are fools who can be taken for a ride. In retrospect, it appears that the ‘bungling’ has been deliberate. Click Free Access column Petro Intelligence to read an exciting story.

Today's News [FREE Access]
Petronet plans to source around 5 mtpa LNG from Tellurian’s Louisiana project
September 23, 2019: Petronet LNG Ltd plans to source around 5 million tonnes per annum (mtpa) liquefied natural gas (LNG) from US developer Tellurian Inc’s Driftwood project in Louisiana.   An agreement to negotiate the same was inked on Sunday   more..


PM Modi holds meeting with energy sector CEOs in US
September 23, 2019: Prime Minister Narendra Modi interacted with the CEOs from the US oil and gas sectors and discussed how to harness opportunities in the area to address India’s growing energy needs. The roundtable on Saturday focussed on working together for energy security and expanding mutual investment   more..


We are committed to meet India’s energy security needs, says Saudi Arabia
September 23, 2019: Notwithstanding the biggest-ever attacks on its oil facilities, Saudi Arabia has said it is committed to meet India’s energy security needs and will work constructively with other oil producers to maintain market stability. Saudi Ambassador Dr. Saud bin Mohammed Al Sati, in an exclusive interview to   more..


Oil and gas sector expects 5% GST to favour hydrocarbon exploration
September 23, 2019: The move to fix the Goods and Service Tax (GST) rate at 5 per cent on certain goods used for oil exploration is expected to favour hydrocarbon exploration in the country. But the oil and gas exploration industry is awaiting further clarity on the list of goods that will be allowed this benefit.    more..


India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan
September 23, 2019: The USD 1 billion oil refinery being built with Indian aid in Mongolia will be completed by December 2022 and will meet about three-fourths of Mongolian oil requirement, Union Minister Dharmendra Pradhan said on Friday. The minister for petroleum and natural gas was speaking at a meeting attended by a   more..


Petrol price soars ₹1.59/ltr, diesel ₹1.31/ltr after Saudi Arabia attacks
September 23, 2019: Petrol prices have soared by ₹1.59 a litre and diesel by ₹1.31 in the last six days -- the most since daily price revision was introduced in 2017, as a massive strike at Saudi Arabian oil facilities jolted oil markets. Petrol price was on Sunday hiked by 27 paise to ₹73.62 a litre in the   more..


Haldia Petrochemicals shuts down plant after fire leaves 15 injured
September 23, 2019: The management of Haldia Petrochemicals Limited (HPL) on Saturday shut down its plant following the fire incident at its naphtha cracker unit (NCU). Sources said that the management has formed an advisory committee comprising internal and external experts which would determine the cause of the fire and the   more..


Fuel price for int’l airlines slashed by $50 per kiloliter
September 23, 2019: The Nepal Oil Corporation has slashed the price of aviation turbine fuel (ATF) by US$50 per kiloliter for international carriers in the wake of growing complaints from tourism and international airlines companies that the jet fuel price was too high in Nepal. The state-owned oil monopoly decided to revise   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby 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...

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...

Special Reports
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.   more...

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. more...

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. more...

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...

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
Oil India Gets New CMD
Sushil Chandra MishraThe Appointments Committee of Cabinet (ACC) has approved a proposal to appoint Sushil Chandra Mishra as the Chairman and Managing Director of Oil India Ltd. Mishra will take charge on more...

A.K Gupta Appointed Director Operations At ONGC Videsh
AK GuptaAlok Kumar Gupta has been appointed to the post of Director (Operations) at ONGC Videsh, the overseas investment arm of the oil and gas major. He has been appointed till June 30, 2022. Gupta is currently an more...

R Kesavan Takes Over As HPCL’s Director For Finance
R KeshavanR Kesavan has taken over as the director (finance) of Hindustan Petroleum Corp Ltd (HPCL). Prior to his appointment, Kesavan was executive director (corporate finance) of HPCL for over 4 years. Kesavan is a more...

Vedanta Group General Counsel Exits
Nitin BanerjeeVedanta Limited group general counsel (GC) Nitin Banerjee has resigned from the company. An international corporate commercial lawyer, Nitin is qualified both in India and the UK. He brings 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]
Rash Of Scandals: When Negotiators Scupper India’s Interests
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A Flurry Of Deals: Who Will Come Out On Top?
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ONGC-HPCL: A Marriage On The Rocks?
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Brakes On One Merger; Now Break The Grand Plan
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Foreign Investment
Novatek And H-Energy To Set Up JV To Sell LNG In India
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Overseas Investment
IGL Consortium Wins Bid To Supply Gas To New Yangon City Project
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NCLT Bars SBI From Selling Overseas Oil And Gas Assets Of Videocon Group
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Gas Scene
PNG Penetration Seems Hitting LPG Marketing
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Domestic Natural Gas Scene, July 2019
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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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Domestic Natural Gas Scene In June 2019
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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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Coal Bed Methane (CBM) gas development in India
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LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: India’s CGD gas consumption projected to grow by 10%
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Global LNG Fleet
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Increasing Dependence of Imported RLNG
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Russian Company Gazprom’s Average Gas Production Cost
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Natural Gas Price: Global / India
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India’s Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Domestic Oil & Gas Production vis-ŕ-vis Overseas Production
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Declining Share Of Domestic Crude In Production Of Petroleum Products
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IOC - Upstream Portfolio & Recent Acquisitions
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World Oil Demand and Supply
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Indian Rig Count vs. Indian Basket Crude Price - July 2019
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BPCL’s Global Upstream Footprint: An Update Upto August 2019
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Indian Basket Crude oil price In August 2019
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ONGC Still Flares Natural Gas, But Drastically Reduced Flared Quantity
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BPCL’s Upcoming & Ongoing Projects, CAPEX Plan
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Break up of Central Excise duty on Petrol & Diesel effective 1st June, 2019
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Contribution Of Petroleum Sector To Exchequer
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Share of PSUs and private companies in the total consumption of petroleum products
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Gross Refining Margins (GRM) of refineries
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Power Deficit Situation Improves In July 2019: Region-Wise Position
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Petroleum Products Import Goes Up Significantly In July 2019
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Crude Oil Import Drops In July 2019, OPEC Share Falls
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Percentage share of High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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FOB Price of Indian Basket of Crude Oil
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Tenders [FREE Access]
ONGC
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Petroleum and Natural Gas Regulatory Board
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