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IOC May Acquire BPCL Refineries If Privatisation Works Out As Planned
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India Makes Progress In Diversifying Crude Import Sources
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Indian Oil PSUs Find Russia’s Vostok Oil Project Tantalizing
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India To Remain Invested In Vietnam’s Oil Sector
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Consistent Rise In Petrol Consumption May Create Problem For Refineries
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Demand For LNG Depends More On Price Than Domestic Production
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First FSRU Becomes The Second, A Total Of Two Now
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India To Open Pumps To Supply Ethanol Blended Petrol?
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A Sensible Strategy To Promote Use of Natural Gas In North East
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NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
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IOC To Use Drones To Check Fuel Thefts From Pipelines
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Brahmapuram, Nallalam Projects To Switch To LNG
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Mangala Field Celebrates 12 Years Of Prolific Production
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IOC Launches Branded Gasoline Fuels With Higher Octane Ratings
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Alphageo (India) Limited
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Wabag Secures Rs 840 Mn Order In Malaysia For Petronas Refinery
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Adani Green Energy Raises $ 750 Mn
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- Wärtsilä gas conversion and long-term maintenance agreement will lower production costs for world-leading malting company
- CGD Network Bidding Round 11
- New IHS Markit Outlook Projects for First Time That 2050 Global Refined Product Demand Will Be Lower Than 2019 Levels
- Excerpted Transcript: "Twenty Years after 9/11" Featuring Michèle Flournoy -- CERAWeek Conversations
- Pankaj Kumar takes over charge as ONGC Director (Offshore)
- IHS Markit: Hurricane Ida Impacts -- Most Refineries Escape Major Damage, Expected to be Back Online Within Three Weeks, Price Impacts on Refined Products Muted by Relatively Lower Period for Demand
- Petroleum Secretary flags off production from ONGC deepwater gas well U1B in KG-DWN 98/2, peak 1.2 MMSCMD
- I Squared Capital invests in AG&P City Gas
- ONGC invites offers for enhancing production from its marginal nomination fields
- CERAWeek Conversations: COP26 - Former U.S. Secretary of Energy Ernest Moniz, France’s Chief Diplomat to the Paris Agreement and the Former Head of California Air Resource Board on The Key Agenda for Glasgow
- ONGC declares results for Q1 FY’22: posts net profit of Rs. 43.35 billion
- Despite Being World’s 4th Largest Oil Producer, Majority of Crude Oil Demand in Canada is Met via the United States
- Wärtsilä energy storage system to support Taiwan’s ambitious renewable energy targets
- IHS Markit: Potential for Natural Gas Infrastructure to be Converted to Carry Low-Carbon Fuels Will Enable “Second Pillar” of Decarbonization Alongside Renewables
- New "CERAWeek Convesations" - IGU President Joe Kang Says Natural Gas is a “Hand-in-Hand” Partner to Renewables, the Future of LNG is “Very Bright” and Why There is “No Yellow Brick Road in Energy Issues”
- ONGC declares results for FY’21; posts net profit of Rs 112.46 billion for FY’21
- IHS Markit: Canadian Oil Sands Production Exceeds Pre-Pandemic Levels, But Lingering COVID / Other Factors Trim Long-Term Growth
- Technip Energies collaborate with Agilyx on polystyrene recycling technology
- Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
- India to lead global planned and announced oil and gas trunk pipeline length additions by 2025, says GlobalData
- IHS Markit: Rankings Show United States Already the World’s Most Attractive Market for Renewables Investment
- ONGC to play larger role in country’s pursuit of energy security
- ONGC Videsh consortium: LGN project in Mozambique put on hold due to force majeure
- Daniel Yergin: Electric Vehicles Just a Piece of the “Auto-Tech” Puzzle That’s Creating a Radically Different Car Economy of the Future
- Welltec signs Long-Form contract with Saudi Aramco
- Asia continues to drive global refinery CDU capacity additions by 2025, says GlobalData
- Cloud-powered AI produces most detailed mapping ever seen of Earth's crust and lands AWS award for geophysics start-up S-Cube.
- Halliburton looks to international opportunities and growth as North American market wanes, says GlobalData
- S&P Global Platts: India's FY2021-2022 transport fuel consumption to remain expansionary as COVID-19 fears ease
- ONGC acquires 5% stake in Indian Gas Exchange (IGX)
- AVEVA, ADNOC and ARC Conclude that Digital Transformation will Increasingly Drive Sustainable Business Practices in a Post-Pandemic World
- Total Oil India Private Limited (TOIPL) launches innovative LPG cutting gas to improve customer safety and operating performance
- U.S. Secretary of Energy Jennifer Granholm to Deliver Inaugural Address at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- The Prime Minister of India, Hon. Shri Narendra Modi to Deliver Keynote Remarks at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi-specialty Hospital at Rajabari
- US Gulf Coast storm outages send ripples round global markets
- Oil & Gas Upstream Industry Vision 2050 Charted Out at the Upstream Ahead Summit
- ONGC declares results for Q3 FY’21: Posts net profit of ₹13.78 billion; declares interim dividend of ₹ 1.75/share
- US to drive global crude oil trunk/transmission pipelines growth by 2024
- 5th Edition - India Refining Summit 2021 - March 25th -26th , 2021, Le Meridien New Delhi
- Siemens Energy delivers energy storage solution for Maersk Drilling’s first hybrid, low-emission jack-up drilling rig
- BPCL - Unaudited Financial Results (Provisional) for the quarter ended 31st December, 2020
- ONGC to usher in India’s first Geothermal Energy at Ladakh
- ONGC CMD pitches for deeper collaboration for sustainable growth: Global Compact National Convention
- Dharmendra Pradhan flags off two welfare projects of ONGC at Betul in MP
- Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
- The Energy Mix: Coal clings on; Electricity demand set to rebound; marking 5 years since the Paris Agreement
- Delays for New Pipelines Cost Canadian Heavy Crude Producers at Least $14 Billion Since 2015, IHS Markit Analysis Finds
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September 24, 2021: Oil import has been the single biggest item of foreign exchange outgo. Quantity of oil import touched a new high in FY 2019-20 but in terms of value the highest was FY 2018-19. Both quantity and value touched a new low during the pandemic FY 2020-21. Click column Special Database for an update.
September 23, 2021: Specific energy consumption is used to compare the energy consumption of the refineries after making adjustments for the complexity. For this a complexity number is assigned to each unit starting 1 for crude distillation unit (CDU). Higher numbers are assigned to more complex units. From this, a complexity factor is calculated for each refinery, called energy factor. Specific energy consumption is expressed as MBTU/barrels/NRG Factor. Click column Special Database for an update of the Specific Energy Consumption In PSU refineries.
September 10, 2021 | BPCL Selloff: Foreign Equity Players May Be Fronting For The Big Boys | The picture is almost clear now. The government is negotiating with the two private equity companies for sale of BPCL after knowing their identity and business strategy. Both are believed to be fronting for two oil majors which are keen to acquire the retail marketing network of BPCL. If the strategy works out as planned, the government succeeds in getting a foreign oil major into the Indian market which can inject competition in the downstream sector. They need only retail network and not the refineries which, on present reckoning, may go to Indian Oil Corporation (IOC). Last week, IOC chairman talked about his company’s plan to expand the refining capacity by 25 million tonne per annum. He must have already been sounded about the possibility of acquiring BPCL refineries. Which are these foreign oil companies for whom the private equity players are fronting. Click Free Access column Petro Intelligence to read an exciting piece.
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OVL’s production hit by Opec+ cuts, situation in Venezuela: ONGC chairman
September 25, 2021: India’s state-owned ONGC Videsh Ltd's (OVL) oil and gas production from overseas assets in FY21 was low by 12.8% and 13.3%, respectively, due to production cuts by Organization of the Petroleum Exporting Countries (Opec) and the geo-political situation in Venezuela, said Oil and Natural Gas more..
CPCL kicks off project activities for new refinery at Nagapattinam
Chennai Petroleum Corporation Ltd. (CPCL) has kick-started project activities for the construction of the 9 million metric tonne per annum (MMTPA) refinery in Nagapattinam, at an estimated investment of ₹315.80 billion. The project, which would have a petrochemical complex, is planned to be completed in 45 months. more..
ONGC puts 2nd well in KG block on production
September 25, 2021: Oil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, has put a second well in its promising KG basin block into production, its chairman Subhash Kumar said Friday. ONGC had achieved first gas from the USD 5 billion KG-DWN-98/2 or KG-D5 project in the Krishna Godavari basin in the Bay more..
Trelleborg mooring system receives certification for India
September 25, 2021: Trelleborg’s marine and infrastructure operation’s Quick Release Hook mooring systems have received certification for use in the Indian market by the Petroleum and Explosives Safety Organization (PESO), the body that sets the requirements for equipment containing electrical systems at new or more..
Edinburgh’s Cairn Energy seals £230 million-plus Egyptian acquisition with ‘significant’ potential
September 25, 2021: Cairn Energy, the Edinburgh-headquartered oil and gas explorer, has completed the acquisition of Egyptian assets offering “significant exploration potential”. The capital firm, together with its consortium partner Cheiron Petroleum, has acquired the oil and gas assets from Shell in the Western more..
Analysis-India state refiners to buy more light crude to boost gasoline output
September 25, 2021: Indian refiners are gearing up to alter their crude oil import mix in favour of lighter grades that yield more gasoline to meet a surge in demand for the motor fuel in Asia's third-largest economy, company officials and analysts said.
Refiners in the world's No. 3 oil importer and more..
Brace for higher LPG, petrol and diesel prices as crude oil prices rise to a 3-year
September 25, 2021: Petrol and diesel prices are all set to increase further this year. Natural gas prices could also see a major increase, according to analysts at CLSA.
Petrol and diesel prices have already surged by 20% this year so far, while Brent crude has surged by over 50% in more..
After 18 days, diesel price goes up, petrol price unchanged across India
September 25, 2021: In New Delhi, petrol on Friday is being sold at ₹101.19 per litre while diesel can be purchased at ₹88.82 per litre. The prices of petrol and diesel in Mumbai stand at ₹107.26 per litre and ₹96.41 litre respectively.
After seeing a constant trajectory for the past 18 more..
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To make sense of sensational news covering high petrol and diesel prices
 Dr. Bhamy V Shenoy | March 15, 2021: Under UPA when crude oil price reached a high of $147 per barrel in May, 2008, petrol price in Delhi was around Rs. 50 per liter. On February 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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Future Power Grid Vision - Grid Of Microgrids - Part 1
April 9, 2021: 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 more...
Future of India’s transport story is renewable biogas
 by 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...
Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path. more...
Climate Action- Achieving Green and Inclusive Growth
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 issues with 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...
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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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Vartika Shukla Becomes First Woman CMD Of EIL
 Vartika Shukla has assumed charge as the first woman Chairperson & Managing Director of the State-owned engineering consultancy firm Engineers India Ltd (EIL). She has a pretty long association of more...
Arvind Kumar Appointed As MD Of Chennai Petroleum
 Arvind Kumar has assumed charge as Managing Director (MD), Chennai Petroleum Corporation Limited (CPCL) for a period of five years. Earlier, he was working as Executive Director (ED), Indian Oil more...
PESB Picks RK Jain For Director (Finance)Post In GAIL
 The Public-sector head-hunter (PESB)has selected Rakhesh Kumar Jain for the post of Director (Finance); a post which is scheduled to fall vacant on November 30, 2021. Subject to requisite clearances Jain will more...
Bob Patel To Join Standard Industries As CEO Of W.R. Grace
 Standard Industries Holdings (Standard), a privately-held global industrial company, has announced, in anticipation of the closing of its acquisition of W. R. Grace (Grace), that Bhavesh V. (Bob) Patel will join 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.
To download this full article in PDF, click here |
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BPCL Selloff: Foreign Equity Players May Be Fronting For The Big Boys
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When Competition Comes A Cropper
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No Logic In Expanding Crude Storage Capacity
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India’s Business Ties With Saudi Arabia, UAE Call For A New Dimension
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Petronas To Expand Joint Venture With IndianOil
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Nayara Energy Ties Up Rs 40 Billion For Foray Into Petrochemical Biz
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Cairn Energy Proposes Capital Return Of US$ 700mn
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OVL, IOC Sign Pact With Russia’s Gazprom
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ONGC Videsh Relinquishes Israeli Oil Block
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Sector-wise Consumption Of Natural Gas in July 2021
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Domestic Natural Gas Scene In July 2021
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Natural Gas Price Trends: Global And Domestic
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Sectoral Consumption of Natural Gas In June 2021
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Domestic Natural Gas Scene: June 2021
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Sector-Wise, Month-Wise Demand & Consumption of Natural Gas
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Growth In Import Dependency Of Natural Gas Halted
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Natural Gas Price: Global and Domestic
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Sector-Wise Consumption Of Natural Gas In May 2021
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Natural Gas Price Trends : Global And Domestic
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Natural Gas: India’s Increasing Import Dependency
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CGD Becomes An Attractive Business In India
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Quantity And Value Of Indian Crude Oil Imports (FY 2017-18 to FY 2020-21)
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Specific Energy Consumption Of PSU Refineries
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Share Of Imported Crude Drops In Oil Processing
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High Sulphur & Low Sulphur crude oil processing
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Profit After Tax (PAT) Of Oil Companies
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India’s Rig Count Marginally Up In July
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The Rise And Fall Of India’s Petroleum Products Export
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Global Oil Demand Is Poised To Rise
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Global Rig Count Up
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Indian crude oil basket price in August 2021
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Contribution of Petroleum Sector to Union and State Exchequers
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Retail Selling Price of LPG, Kerosene in India & Neighbouring Countries
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Petroleum Products: Industry Consumption Trend Analysis
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Petroleum Products Import Down, Exports Up In July 2021
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India’s Crude Oil Import Up in July, OPEC’s Share Edges Up
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Share Of Domestic Crude Shrinks, High Sulphur Crude Up In July
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Product-Wise Consumption In July 2021
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Passenger Vehicles ,Two Wheelers Register Impressive Sales
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PSU Oil Marketing Companies, Shell Expand Marketing Infrastructure During Covid-19.
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Self-Sufficiency In Petroleum Products
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Story Behind Downgrading of India’s GDP
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ONGC’s Short Term Action Plan
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Indian Drilling Rig Count Up
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Recovering Economic Activity To Boost World Oil Demand, But Problem Areas Persist
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Impressive Growth In Passenger Vehicles,2 Wheelers
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Global Rig Count Up
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Prices In Indian Basket Of Crude In July 2021
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Capital Expenditure of PSU Oil Companies Moves At A Fast Pace
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Industry Consumption Trend Analysis
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Petroleum Products: Marginal Increase in Import, Big Jump in Exports In June 2021
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