Policy
Russia Poised To Become A Major Source Of Crude Oil For India
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Unfolding Changes In Sanction - Hit Venezuela Important For India
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Proposed Petronet LNG-Tellurian Deal Raises Many Questions
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Coronavirus’ Impact To Hit GRMs Of Indian PSU Refineries
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‘Logic’ Behind India’s Aggressive Alternate Fuel Policy Questioned
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Regulation
RIL Wins The First Round In A Battle Of Wits With Modi Govt.
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Govt. Wants Speedy Settlement Of Claims Relating To UWP
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ONGC’s Declining Crude Production & Energy Strategy 2040
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A High Price For LPG (Domestic) Is Considered Politically Costly
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Alternative Energy / Fuel
Ethanol blending programme, supply year* 2018-19 (P)
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New Projects
Belorusneft Signs Contract To Start New Project With ONGC
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ADNOC’s FSU Deal At AG&P’s Indian LNG Import Facility
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Land To Be Acquired For Bangladesh-India Oil Pipeline
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Market Watch
India Set To Import Record LNG Volumes
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Companies
Mahanagar Gas Ltd.
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Alphageo Ltd Wins Contracts From Oil India Limited
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Adani Gas Gets Oil Regulator Nod For Demerger, Stake Sale To Total
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Press Release [FREE Access]
Latest Exclusives
February 28, 2020: India is Asia’s largest exporter of petroleum products, but it is also the world’s third largest importer of Liquefied Petroleum Gas (LPG). LPG (domestic) is a subsidised item and the government has been promoting its penetration into the villages. Click column Special Database for salient features of the LPG profile as on January 1, 2020.

February 27, 2020: India is Asia's largest exporter of petroleum products. India was consistently in deficit of petroleum products till FY 2001-02. The situation drastically changed with the entry of Reliance Industries with its mega refineries which was followed by the entry of Essar with its refinery at Vadinar. What is the extent of surplus petroleum products India had over the years? Click column Special Database for an update.

February 24, 2020: Time To Repudiate The Crooked Rasgas Deal | www.indianoilandgas.com has been consistently exposing the unequal deal between Qatar’s RasGas and India’s Petronet LNG Ltd (PLL). Had PLL accepted the original offer of RasGas in response to its tender, India would have been receiving LNG at a maximum price of $ 4.5 mmBtu. Indian officials fell for the deceptive offer RasGas subsequently made and the rest is history. Not only the price, even some of the vital provisions of the contract were violated without any resistance from the Indian side. In 2015, the LNG price was renegotiated after it reached $ 14/mmBtu. Some relief for some time, but the hapless Indian LNG consumers now pay a price almost double the prevailing spot price of Asian LNG. RasGas is refusing to renegotiate the price on the ground that it has already been re-negotiated. There are sensible options which the government should be able to exercise. This is what the country’s energy experts expect from the Modi government. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
India’s gas demand at inflection point, to rise by 66 per cent in 5 years
February 28, 2020: India’s domestic gas demand is at an inflection point and is expected to see a 66 per cent volume growth over the next five years, primarily driven by sustained weak LNG prices, as per a report. Gas demand is expected to rise from 148 million standard cubic meters per day (mmscmd) in 2018-19 to 250   more..


US gas developer rattled as biggest Indian buyer seeks competing deal
February 28, 2020: An emerging U.S. natural gas developer, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut of the fuel. India’s   more..


HPCL buys 17.28 pc stake in Petronet MHB for Rs 1853.8 million
February 28, 2020: Hindustan Petroleum Corp Ltd (HPCL) on Thursday said it has acquired 17.28 per cent stake in Petronet MHB Ltd, a firm that owns a petroleum product pipeline at Mangalore, for Rs 1853.8 million. HPCL and its parent, Oil and Natural Gas Corp (ONGC), presently hold 32.72 per cent stake each in the company that   more..


Alphageo shines on bagging order from Vedanta
February 28, 2020: Alphageo (India) Limited bagged order from Vedanta Limited for 2D and 3D Seismic Data Acquisition Services in Assam for an estimated contract value of Rs 1.84 billion (inclusive of taxes). Incorporated in 1987, Alphageo (India) Ltd is India’s oldest and largest private sector provider   more..


IOC invests Rs 30 billion to upgrade Haldia refinery for BS-VI
February 28, 2020: Indian Oil Corporation (IOC) has made an investment of around Rs 30 billion to upgrade its refinery at Haldia to meet BS-VI emission norms, an official said on Thursday. The oil marketing PSU will invest another Rs 3.88 billion for setting up a grassroot bottling plant at Kharagpur, diesel exhaust fluid   more..


Assam’s NRL refinery has started supply of Bharat Stage VI grade of Motor Spirit and High Speed Diesel from its refinery
February 28, 2020: Assam based Numaligarh Refinery Limited (NRL) has started supplying Bharat Stage (BS) VI grade of Motor Spirit (Petrol) and High Speed Diesel (Diesel) from its refinery. In a statement NRL has stated company had commissioned a Diesel Hydro Treater (DHDT) plant during 2018 with a project cost   more..


L&T Construction bags significant contracts for its various businesses
February 28, 2020: The construction arm of L&T has secured orders from prestigious clients for its varied businesses in India and abroad: The Water and Effluent Treatment Business has secured a Water Infrastructure order from a prestigious client in the United Arab Emirates to execute a Recycled Water Transmission   more..


India Crude: Hits near 9-mo low tailing NYMEX on coronavirus fears
February 28, 2020: Contracts of crude oil on Multi Commodity Exchange of India fell to a near nine-month-low today tailing those on New York Mercantile Exchange as the impact of the spreading of the coronavirus on demand dampened the sentiment among investors.   COVID-19, which originated in Wuhan, China,   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...

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...

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
Manoj Jain Appointed CMD Of GAIL
Manoj JainManoj Jain has assumed charge as its Chairman and Managing Director, Gail India Ltd. He was till now Director for Business Development at GAIL. Earlier, he served as Chairman of GAIL Global (USA) Inc, GAIL more...

OIL: Goswami Appointed As Director (Operations)
P.K. GosswamiPankaj Kumar Goswami has been appointed to the post of Director (Operations), Oil India Limited. He may take charge on June 1, 2020. He is currently Chief General Manager, OIL India. He will replace more...

Anurag Sharma Appointed As Director (Onshore), ONGC
Anurag SharmaAnurag Sharma (ED, ONGC) has been appointed Director (Onshore), Oil & Natural Gas Corporation Limited (ONGC) till the date of his superannuation on February 28,2023. He may take charge on June more...

BP (India) Appoints Mitali Sarkar As Director Communications
British Petroleum (BP) has appointed Mitali Sarkar as Director Communications for India. She has over two decades of rich experience in Corporate Communications, Crisis and Issue Management, Brand, and Social Media. Prior to this role, Sarkar was the Global Head, Communications & Brand at Dr. Reddy’s Laboratories in more...

Rajiv Bansal Ceases To Be Director At Oil & Natural Gas Corpn
Rajiv BansalOil & Natural Gas Corpn announced the cessation of Rajiv Bansal, a Govt. nominee director on the board of the company with effect from 18 February 2020, upon his relieving from the services of more...

Sarthak Behuria Joins RIL
Sarthak BehuriaFormer Indian Oil Corp (IOC) chairman Sarthak Behuria has joined Reliance Industries as a senior advisor and will help shape the firm’s fuel retail business. Behuria, 68, was till last year 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]
Time To Repudiate The Crooked Rasgas Deal
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Bombay High’s Tale Of Woe: Short Shrift For Local Talent
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Qatar Gas: Time To Re-Work The Crooked Deal
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BPCL Privatisation: Uncertainties And Hurdles Cloud The Process
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Foreign Investment
GP Petroleums To Set Up Rs 1 Billion Lubes Plant In Gujarat
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AG&P Breaks Ground On Its LNG Import Facility At Karaikal Port
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Overseas Investment
NCLT Orders Inclusion Of Videocon’s Overseas Assets In Bankruptcy Process
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Gas Scene
Natural Gas Price: Global & Domestic (December 2019)
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LNG Import, Gas Production and Consumption Since 2007-08
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Domestic Natural Gas Scene in December 2019
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Gas - Import Dependency
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Sector-wise consumption Of Natural Gas Since FY 2016-17
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LNG is more competitive for transportation distances beyond 1,000km (offshore) and 3,000km (onshore)
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China’s Dependency On Imported Gas Trending Up As Production Lags Behind
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Natural Gas price trends: Global & Domestic
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CNPC’s shale gas target looks overly ambitious
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LNG Has Relatively High Emission Intensity In Some Cases
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Comparative Performance Of LNG Regasification Terminals In India & Europe
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Global and Domestic Natural Gas Price Trends
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Asia’s (excluding China) gas production remained flat from 2010
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Natural Gas - Import Dependency
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Evolution of natural gas consumption in India
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Gas Demand: Potential & Actual*
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Domestic LPG Scene As On January 1, 2020
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Update: Production Vis A Vis Consumption Of Petroleum Products
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Update: Consumption Growth of Petroleum Products for the last ten years
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Power Deficit: Region-Wise Position For January 2020 (% Deficit)
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Retail selling price & percentage of taxes in retail selling price of petrol and diesel in developed countries vis-a-vis India
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Trend In Spreads of Petroleum Products Vs Indian Basket Of Crude Oil
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Indian Drilling Rig Count In December 2019
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World Oil Demand & Supply Projections
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Indian crude oil basket price in January 2020
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Share of Imported crude & Domestic crude In oil processing
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Update: Distillate yield of all Refineries -PSUs, JVs and Private
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Adoption of Technologies around the world for Transition to a low carbon Economy
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Indian Refineries: Crude Capacity vs Processing
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India’s Oil Imports - Volume And Price: An Update
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Sale Of Commercial Vehicles Drop In December
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Power deficit leads to higher diesel consumption for backup power generation
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Fuel & Loss
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Status of blocks under OALP round of HELP and DSF rounds (as on 1st October, 2019)
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Tenders [FREE Access]
ONGC
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ONGC
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