Policy
Saudi Springs A Surprise With Big Investment Bait
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Will ADNOC Partner Indiaís Crude Storage Phase-II?
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Indiaís NER To Become Centre Of Petroleum Products Export
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Clarity In Indiaís Electric Vehicles Policy At Last
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Factors Hampering Growth Of Indiaís Natural Gas Market
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Regulation
April 2019: Cruel Or Benevolent Month For Fuel Consumers?
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NSE Introduces Brent Crude Oil Futures Contract
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Search For LNG Terminal Takes GAIL To Adaniís Dhamra Project
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ONGC Exceeds Target In Work Over Of Wells With Oil Gain
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Alternative Energy / Fuel
Adani Group Begins Retailing of Solar Panel In Rajasthan
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IOC To Set Up Ethanol Plant In Uttar Pradesh
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New Projects
IOCís Ennore LNG Terminal Commissioned
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L&T Bags Order From ONGC
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Essar Oil & Gas Gets Environment Clearance For Shale Gas Exploration
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ONGC Sets Up Gas Collecting Station In Tripura
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Market Watch
IGL To Roll Out Pre Paid Gas Metering System
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LPG Consumption To Rise To 30 Million Tons By 2025
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Companies
Mahanagar Gas Ltd
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IGL Adds Record Number Of PNG Users This Fiscal
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HOEC Adds Yet Another Block To Its North East Portfolio
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Press Release [FREE Access]
Latest Exclusives

March 22, 2019: Rig count represents the total number of active drilling rigs. Demand for drilling rig is highly dependent on crude oil price. We had already uploaded details of India's drilling rig count. Now click column Special Database for details of Global Rig Count Vs Crude Prices.


March 20, 2019: Solar Power Generation Growth likely to Outweigh Other Sources by 2022. Click Special Database for details. 


March 19, 2019: Regulatory tailwinds are driving growth in the CGD sector in India. In the government's scheme of things, CGD sector is to play a major role in raising the share of natural gas in the energy mix. MGL, a top CGD player, acknowledges that the regulatory framework had a benevolent impact on its growth. Click column Gas Scene for its views on the subject.


The Great Indian Rip-off: India has the distinction of being Asia’s largest petroleum products exporter. Obviously, such exports are in export parity price. But for the same domestically made petroleum products, the Indian consumers are made to pay Import Parity Price (IPP). IPP represents the price that importers would pay in case of actual import of product at the respective Indian ports which include elements like the FOB price, ocean freight, insurance, customs duty and port dues. The petroleum sector is perhaps the highest taxed area in the country. Why this double whammy? Click column Petro Intelligence for a comprehensive report.

Today's News [FREE Access]
India needs more reforms to remain the fastest-growing large economy: IMF
March 22, 2019: India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done. Responding to a question on India's economic development in the last five   more..


Reliance selling fuels from India to Venezuela to avoid U.S. sanctions
March 22, 2019: India's Reliance Industries, operator of the world's biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been   more..


GSPC to sell 12 of its 21 hydrocarbon blocks to pare debt
March 22, 2019: Gujarat State Petroleum Corp. Ltd (GSPC) has put 12 of its 21 hydrocarbon blocks on the block to reduce its debt, according to two people aware of the development. GSPC is the flagship firm of the GSPC Group, which is involved in exploration and production of oil and gas. The Gujarat government owns 87% in   more..


A tale of two projects: Mozambique LNG terminals echo global risks
March 22, 2019: Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. The two liquefied natural gas (LNG) projects, by Anadarko and Exxon Mobil, will extract, liquefy and ship gas, found in such quantities   more..


PetroChina plans biggest capital expenditure in 4 years
March 22, 2019: PetroChina, Asia's largest oil and gas producer, plans to boost its capital expenditure to a near record 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in spending came as PetroChina pledged to ramp up oil and gas   more..


Oil prices near 2019 highs amid 6. OPEC supply cuts, US sanctions
March 22, 2019: Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela. Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of the $68.69 per   more..


Plant-based fuels commercially viable: Study
March 22, 2019: Sustainable plant-based bio-jet fuels could provide a competitive alternative to conventional petroleum fuels if current development and scale-up initiatives continue to push ahead successfully, scientists say. With an estimated daily fuel demand of more than five million barrels per day, the global aviation   more..


CSIR-IIP Has Found A Safety Solution For At Least 4 million Indians Who Are Using Unsafe Burners
March 22, 2019: Dehradun-based Indian Institute of Petroleum, India’s only laboratory carrying out advanced research in petroleum sector, under the Council of Scientific and Industrial Research (CSIR) has come out with the country’s first gas burner, specially designed for compressed natural gas.    more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is more than 4000 years old when it 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...

ONGCís 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...

Vedantaís 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 Ė 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
B. N. Talukdar Re-Appointed In Appellate Tribunal
B.N. Talukdar Baikuntha Nath Talukdar has been re-appointed by the Government of India as the Technical Member, Petroleum and Natural Gas, in the Appellate Tribunal for Electricity, Government of India, with effect more...

R Kesavan Appointed New Director-Finance of HPCL
Hindustan Petroleum Corp (HPCL) has appointed R. Kesavan as its Director-Finance with effect from March 01, 2019. He replaces J. Ramaswamy who has superannuated. Kesavan was earlier the Executive Director-Corporate Finance. Kesavan has handled various areas of finance including corporate accounts more...

BP Names New Head Of Wind Power Business
BP has appointed Al Vickers as head of wind energy business. He replaces Laura Folse who retires three years after taking the role. Vickers is currently head of technical operations across BP's oil and gas, or upstream, business. He will be Houston based. BP's wind division includes 11 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]
The Great Indian Rip-off
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US Sanctions Cast A Cloud On Chennai Petroleumís Expansion Plans
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War Of Words On Wisdom Of Subsidizing Refinery Exports
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Refinery Exports: A Bane And A Burden On Indian Consumers
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Foreign Investment
Elliott Group Opens New Manufacturing Facility In India
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AG&P To Invest In Setting Up Natural Gas Facilities In Southern India
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Overseas Investment
ONGC Videsh Wants To Swap South China Sea Block With Another In Vietnam
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Gas Scene
Advantage of strong Regulatory Environment for CGD Industry
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Domestic, Global Natural Gas Price Trends
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Market Natural Gas and CGD: Attractive Industry
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Adani Gas: Infrastructure Development to Propel Gas Demand India
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Update: Coal Bed Methane (CBM) Gas Development In India
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Domestic Gas Scene in January 2019
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LPG Business Continues Its Robust Saga
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Capacity Utilization of Gas Pipelines
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Update: PNG Connections
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LNG Import Projection By Industry Group
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Status Of Gas Pipelines Under Construction
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Trends In Domestic Natural Gas Price & International Bench Marks
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Capacity Utilization of LNG Regasification Terminals
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Story Of Two LNG Terminals Of Petronet LNG Ltd
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CNG Growth Over The Years & CNG Sales as on 1st April, 2018
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LNG Terminals in India
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CGD Factsheet As Of Sept 2018
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A total picture about Natural Gas scene including CBM in India
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State-Wise Share In CGD Business
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Global Rig Count Vs Crude Prices
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Solar Power Generation Growth Likely To Outweigh Other Sources By 2022
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Area-wise and Total Estimate of Renewable Energy Potential
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Indian Rig Count vs. Indian Basket Crude Price
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Price of Crude in the Indian Basket processed in Indian Refineries up to February 2019
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Domestic Oil & Gas Production vis-ŗ-vis Overseas Production in January 2019
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Petroleum Products Import Declines in January 2019
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Crude Oil Imports Dip In January 2019
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Power Deficit Situation Improves In January 2019
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GRMs Of Indian Refineries During April-December 2018
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Ownership Pattern of Major Oil and Gas Companies
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State-Wise Balance Recoverable Crude Oil Reserves
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Merger & Acquisitions In The Indian Oil And Gas Sector
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Company-wise Length & Capacity of Product and Crude Pipelines in India
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Energy Transition Index for India
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Energy Architecture Performance Index for India
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Estimated Basin-wise Hydrocarbon Resources in India
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Categories of Indian Sedimentary Basins
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Forward Path for India-Economic Growth, Energy and Climate Change - Some Introspection
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Indiaís Declining Self- Sufficiency In Petroleum Products
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Tenders [FREE Access]
Cairn Oil and Gas
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ONGC
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