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Rosneft, Saudi Aramco In Neck And Neck Race For BPCL
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Another Extension Of Deadline For BPCL Privatisation
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Petronet LNG’s Proposal To Invest In Tellurian LNG Project Revived
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Indo-US Strategic Energy Partnership Begins To Make Impact
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Demand Down After Spike In Covid, Refineries Reduce Throughput Again
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Unbundling Of Gas Industry: Dithering, Resolve, Resistance
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GRM Of Indian Refineries Touched A New Low In FY 2019-20
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Tax On Petrol, Diesel In India Close To European Majors’
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Kochi LNG Terminal Capacity Utilization To Touch 40-45%
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GAIL And CCSL Sign MoU For CBG Projects
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IndianOil To Build $1.8bn Petrochemical Complex
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RPP Projects Wins Two Orders From HPCL
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Norms For Retailing Petrol And Diesel Clarified
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Agility Fuel Solutions
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HPCL Net Profit Up In June Q
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Cairn Oil Deploys Honeywell Forge Enterprise Software
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- IHS Markit: Venezuela Oil Production Near Zero
- IHS Markit: Oil Price Outlook Strengthens Through 2021; Markets Approach Key “Pivot Point” of Recovery
- Greenhouse Gas Intensity of Oil Sands Declined 20 Percent Over Past Decade, IHS Markit Analysis Confirms
- BP to move heavily in acquisitions & divestments to deliver new strategy
- Shell’s market outlook yields optimistic margins for its low energy carbon future
- Canadian Oil Sands Longer-Term Production Outlook Changes Little Despite "COVID-19 Shock" and Large Annual Decline in 2020
- Siemens compressors selected for gas reservoir storage project with Saudi Aramco
- Schlumberger’s outlook for stability and future growth supported by severe cost cutting measures
- Canadian Oil Sands Longer-Term Production Outlook Changes Little Despite "COVID-19 Shock" and Large Annual Decline in 2020
- Total and Indian Oil Form Joint Company in India to Offer High-Quality Bitumen Derivatives
- The energy mix: Ministerial roundtable on Iraq, latest updates to IEA annual statistics
- Microsoft EVP Jason Zander: Digital Transformation Accelerating Across Energy Spectrum; Being “Carbon Negative” by 2030; The Next Frontiers of Quantum Computing and Increasingly Sophisticated Cyber Threats
- DORIS Group, AVEVA and Schneider Electric Join Forces to Create Digital Twin Alliance to Address Complex Digital Transformational Challenges for Upstream Oil & Gas Sector
- Venezuela’s oil and gas sector sees worst crisis during 2020
- Aramco downstream consolidation is a timely move
- Over $5 Billion in Investments Focused on the Smart Home Energy Management System, According to Lux Research
- Royal Dutch Shell CEO Discusses Getting to Net-Zero Emissions in 2050; the Importance of Being “In Step” with Society; the “Knock” on Future Demand and on Maintaining “Financial Resilience” in a Crisis
- Production of Carbon-Free “Green” Hydrogen Could Be Cost Competitive by 2030, IHS Markit Analysis Says
- Subsea production systems expand boundaries of deepwater hydrocarbon E&P
- Electric Manipulator Breakthrough from Saab Seaeye
- Energy Companies Begin Turning to Renewables to Power Oil and Gas Operations, New IHS Markit Research Shows
- Petrofac successfully implements SkillsVX software for Valaris
- Walter Isaacson Interviews MIT President Emerita Susan Hockfield on Overcoming the COVID-19 “Diagnostics Deficit” and How Convergence of Biology and Technology Will Drive 21st Century Innovation - CERAWeek
- Subsea production systems expand boundaries of deepwater hydrocarbon E&P - Corrected title in chart
- GREEN Solar and Siemens Energy sign cooperation agreement to develop a concept for making Herzogenrath CO2-free
- Wärtsilä appoints Sushil Purohit as President of the Energy business
- Saudi Aramco CEO Says the “Worst is Behind Us” in Oil Markets; Why He is “Optimistic” About the Second Half of 2020; His Thoughts on Becoming a Publicly Traded Company and Saudi Aramco’s Long-Term Role in the Energy Transition -- CERAWeek Conversations
- ONGC declares results for FY’20; posts net profit of Rs. 13,445 crore for FY’20
- Switchgear Viewing Systems for Power Grids: Safe, Live Switch and Breaker Imaging
- US LNG exports decline but show flexibility during current cycle
- US Gasoline Demand More than “Halfway” Back from Pandemic-Induced Lows - IHS Markit
- North America to contribute 75% of global LNG liquefaction capacity additions by 2024
- First Contract Traded by MPL on Indian Gas Exchange Platform
- US Senator Dan Sullivan - Why Banks Should Not “Discriminate” Against the Energy Sector; Relations with China; The Congressional Response to COVID-19 and How the U.S. is “Awakening” to the Need for an Arctic Strategy
- China’s Oil Inventories to Swell by 440 Million Barrels in First Half of 2020 – Largest Six Month Increase Ever
- China to lead global LNG regasification capacity additions from new-build projects with 25% share by 2024, says GlobalData
- Motive Offshore Announces MOU with Orca Offshore Azerbaijan
- CERAWeek Conversations: BP CEO on Creating a “Lighter, More Agile, More Focused” Organization; Energy Transition and Net Zero Carbon Emissions by 2050 and Why Shale is Really a “Tech Business”
- Electric vehicles are poised to be the dominant powertrain by 2040
- ConocoPhillips Chairman and CEO on Bringing Production Back; How Shale’s Era of “Growth for Growth’s Sake” Has Passed and Why More Industry Consolidation Could be On the Way -- New "CERAWeek Conversations"
- Oil and gas companies are gravitating towards sustainability practices
- Aker Energy on course to finding a solution for Pecan field development
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August 14, 2020: Last week, we uploaded data concerning production, import, availability and total consumption of natural gas in June 2020. But sector-wise consumption of natural gas was missing. This has now been obtained and uploaded. Click column Gas Scene for details.
August 13, 2020: Rig count represents the total number of active drilling rigs in the world. Demand for drilling rig is highly dependent on crude oil price. In June 2020, global drilling rig count declined by 103 from May 2020. Rig count saw significant decline in the US. Click column Special Database for details.
August 10, 2020 | BPCL Privatisation Must Be Anchored To A Sectoral Strategy: The race looks neck and neck between Saudi Aramco and Russia’s Rosneft for the 52.98 per cent government stake in Bharat Petroleum Corporation Ltd (BPCL), India’s second largest oil marketing company. These potential bidders have a clear strategy in seeking to enter the Indian market. What precisely is the seller’s strategy? India needs oil and gas. Why not link the sale of BPCL to long term supply of crude and LNG on reasonable terms? A comprehensive piece on the issue after interacting with acknowledged experts. Click Free Access column Petro Intelligence for details.
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India bars China ships from oil trade as ties strain further
August 14, 2020: India’s state-owned oil majors have stopped hiring Chinese tankers to ship their crude and petroleum products after relations deteriorated between the two countries, although the move is unlikely to impact trade flows.
more..
IEX wants to introduce trading in liquid LNG, petroleum products
August 14, 2020: India’s premier energy exchange, IEX, wants to introduce trading in petroleum products, especially LNG in liquefied form. On July 15, IEX opened a platform for trading in natural gas, mainly for imported LNG.
This was close on the heels of the exchange bringing in ‘real time more..
BPCL net profit almost doubles to Rs 20.76 billion in Q1
August 14, 2020: Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) on Thursday reported nearly doubling of net profit in the June quarter after inventory gains offset a decline in refining margins and fuel sales. Standalone net profit in April-June stood at Rs 20.7617 billion compared with Rs 10.7512 billion a year back, more..
RIL-Aramco mega deal faces valuation hurdles
August 14, 2020: The Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest crude oil producer, said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd’s (RIL) oil-to-chemicals business, Bloomberg reported.
“We are still in discussions with more..
Citing lack of powers in appointment of independent directors, ONGC seeks exemption from regulations
August 14, 2020: ONGC has urged the Securities and Exchange Board of India to exempt it from corporate governance rules pertaining to the appointment of independent directors to its board. According to an official, ONGC is one among the many public sector enterprises (PSEs) that had sought this exemption, as the power to more..
In a first in MP, Indore will now have a door-to-door diesel delivery system
August 14, 2020: Following suit of other cities like Mumbai, Pune and Bangalore, now Indore will have a door-to-door diesel delivery service in place. This facility has been put in action to ease out any such related woes amidst citizens and diesel can be ordered at places like home, school, office and so on through an app. more..
Kochi-Mangaluru gas pipeline: GAIL officials claim daily commute ‘a herculean task’ amid Covid-19
August 14, 2020: Even as work on the long-awaited commissioning of Kochi-Mangaluru natural gas pipeline has resumed, GAIL officials are finding the daily commute between Kasargod and Mangaluru to be a herculean task.
Getting an online pass to daily commute between Kasargod and Mangaluru has become a herculean more..
68 US Companies Get Federal Support to Supply Mozambique LNG Project
August 14, 2020: At least 68 U.S. companies have been identified to supply equipment and services for engineering, procurement and construction of a $23-billion two-train liquefied natural gas processing plant project in Mozambique.
Firms from Florida, Georgia, Louisiana, New York, Oklahoma, Pennsylvania, more..
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Strategic Petroleum Reserves is not Simply Storing Crude Oil Need to Store Diesel and Aviation Fuel for Defence
 by Maj. Gen. (Retd) S.C. N. Jatar*
| As brought out in IOG Volume 27 issue 5, the three most important uses of SPR are (i) addressing physical more...
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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...
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Climate Action- Achieving Green and Inclusive Growth
August 7, 2020: The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the more...
Crude collapse to crush US petchem advantage
By:
Joseph Chang, Global Editor, ICIS Chemical Business
The collapse in crude oil prices is wiping
out much of the US petrochemical competitive advantage while global demand is
being slammed by the continuing spread of the coronavirus. Financial markets
are seizing up, throwing a wet blanket on new more...
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...
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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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V. Shukla Takes Over As Director Of EIL
 Vartika Shukla has taken over as Director (Technical) of Engineers India Limited (EIL) from August 1, 2020. Prior to this, Ms Shukla was holding the position of Executive Director (Technical) in EIL. more...
Bechtel Appoints Paul Marsden As President
 Bechtel has announced the appointment of Paul Marsden as president of the company's Oil, Gas & Chemicals (OG&C) business. Marsden will succeed OG&C President Alasdair Cathcart, who is 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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BPCL Privatisation Must Be Anchored To A Sectoral Strategy
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High Fuel Prices Can Implode A Faltering Economy
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LNG Stations: PLL’s Robust Initiative
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A Cry For Change Amid Historical Blunders
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Total’s Indian JV To Seek Fuel Retailing Licence
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Total And IOC To Set Up JV For Bitumen Derivatives
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Reliance Power Signs Loan Agreement For Gas Based Power Plant
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Sector-wise Consumption Of Natural Gas In June 2020
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Domestic Natural Gas Scene in June 2020
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Changing Fortunes of India’s LNG Regasification Terminals
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LNG Consumption By Power Sector Jumps, Power Consumption drops
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India’s Rising Gas Import Dependency
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Sector Wise Demand And Consumption Of Natural Gas
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Competiveness Of Pipelines vs LNG
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Transnational Pipelines - Operating or Under Construction
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Sector-Wise Consumption of Natural Gas In May 2020
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Natural Gas Price Trends: Global And Domestic
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Domestic Natural Gas Scene: May 2020
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Natural Gas Price Trends: Global & Domestic
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Natural Gas Price trends: Global & Domestic
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CGD Growth Over The Years
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India’s Increasing Gas Import Dependency
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Sector-wise Demand And Consumption of Natural Gas - An Update
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Surprising Fall In LPG Consumption In February 2020
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Global Rig Count Falls In June 2020, US Worst Hit
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Indian Crude Basket prices in July 2020
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India’s Crude Oil Import Declines In June 2020, OPEC Share Shrinks
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Power supplied and deficit: Region-wise position for June 2020
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Negative Growth In Vehicle Sales Impact Consumption Of Petrol, Diesel
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Covid-19 Impact Minimum In Offshore Oil and Gas Investments
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Impressive Recovery In Petroleum Products Consumption In June 2020
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Covid -19 Impacts India’s Crude Oil Demand
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Crude Oil Import- Volume And Value
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Petroleum Sectors Contribution To Ex Chequer
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Declining Demand For PDS Kerosene
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Self-Sufficiency In Petroleum Products - An Update
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Capital Expenditure Of PSU Oil Companies - An Update
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India’s Drilling Activity Rebounds
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Indian Basket Crude Price in June 2020
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Global Rig Count Declines
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Like Crude, Import Of Petroleum Products Too Declined In May 2020
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Share Of Domestic Crude Up In Indian Refineries, Total Crude Processed Down In May 2020
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India’s Crude Oil Imports Decline In May 2020, OPEC Share Marginally Down
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Power supplied and deficit: Region-wise position for May 2020
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