Ahead Of Rivals In the Race: New York-based Apollo Global Offers Enticing Package To Win BPCL more...
ONGC’s Overseas Oil Assets Acquisition At A Standstill more...
Discovering Market Price For Domestically Produced Gas more...
Is Adani Stealing A March Over Reliance Industries In Clean Energy? more...
Difficult To Sustain Present GRMs As Crude Prices Rise more...
|
|
Oil PSUs In A Fix Over Government’s Conflicting Demands more...
Oil India Finalises An Ambitious Drilling Plan For Upper Assam Districts more...
GAIL To Supply Gas From Kochi LNG Terminal To MRPL more...
Auto LPG Struggling To Make A Mark In Indian Market more...
|
|
MoPNG Signs MoU with Companies For CBG Plants more...
|
|
Sembcorp Energy India Wins 400MW Capacity Solar Power Project more...
L&T Bags Over ₹70 billion Refinery Project In Rajasthan more...
Kochi-Mangaluru Gail Pipeline Inaugurated more...
|
|
RIL-BP To Offer Online Fuel Delivery Services Next Year more...
Coordinated Imports Of Crude Oil For The Indian Market more...
|
|
Sembcorp Industries more...
L&T Hydrocarbon Engineering Bags Order From ONGC more...
Praj Industries Bags Rs 2.26 Billion Order From IOC more...
VoltUp Partners With HPCL For Battery Swapping Centres more...
|
|
- 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
- Lack of collection infrastructure blights European plastic bottle recycling
- Minister for Petroleum & Natural Gas and Steel Dharmendra Pradhan dedicates the 8th producing Basin of India - Bengal Basin, to the nation
- IHS Markit: Global Investment in Renewables to Bounce Back in Coming Year to Pre-COVID Levels
- Dow CEO Jim Fitterling Leads 2020 ICIS Top 40 Power Players
- Wärtsilä and Lihir Gold sign 10-year service agreement for a 170 MW power plant with shared business case incentives
- Daniel Yergin: "The Ghosts Who Haunt the South China Sea" - New Article in The Atlantic
- Siemens Energy partners with Munich Security Conference to tackle global energy issues
- African midstream operators withdraw investment plans amid COVID-19 turmoil
- Chevron and Duke Energy Chief Diversity Officers Address How Energy Sectors are Building Cultures of Racial Equity and Inclusion -- CERAWeek Conversations
- IHS Markit: Why 2020 Really is the “Pivot Point” for Energy Transition
- CEO of World’s Number One Wind Company Welcomes Competition w/ Oil and Gas Players; Talks Electrifying Economies; Green Hydrogen and Why the U.S.is the Company's "Core Country" -- CERAWeek Conversations
- Denmark’s oil and gas exploration ban strengthens its position as a leader towards lower carbon future
- CFSR Study Report "Escape route from earth being Uninhabitable hell"
- Emerson and QRI Launch Cloud-Native Analytics Software for Reliable Reservoir Opportunity Identification
- Groupement Berkine deploys satellite solution to help save time and money at remote drilling sites in Berkine Basin
- Customized Energy Solutions driving adoption of advanced technologies and leading energy transition in India
- GS Caltex India Launches BSVI product portfolio
- Daniel Yergin, IHS Markit Vice Chairman, Named “Energy Writer of the Year” by American Energy Society for His New Book, "The New Map: Energy, Climate and the Clash of Nations
- Siemens Energy signs agreement to develop Afghanistan as an energy hub
- ONGC declares results for Q2 FY’21: Posts Net Profit of ₹28.78 billion up 480% from Q1 FY’21 Net Profit of ₹4.96 billion
- ONGC Videsh to acquire 13.67% Participating Interest in Exploitation Area and 15% Participating Interest in Exploration Area under RSSD Production Sharing Contract, Offshore Senegal
- IHS Markit: Refining Sector Braces for “Great Shakeout” in Wake of COVID Demand Destruction
- Leading the way to a cleaner future: Siemens Gamesa powered by 100% renewable electricity worldwide
- Linde Appoints Sanjiv Lamba as Chief Operating Officer
- Canadian LNG sector struggles amid low gas prices and LNG supply glut
- Quality Companies appoints Richard C. Leal in new business development position
- AG&P Pratham opens the first CNG station in Jodhpur, Rajasthan
- Russian petrochemical producers are well-positioned for market recovery post-COVID-19
- ConocoPhillips betting on recovery of crude oil demand with acquisition of Concho Resources
- Daniel Yergin: Electric Vehicles Will Dominate New Car Sales in Coming Decade--But Gasoline Will Still Rule the Road in Terms of Total Cars in Use
- Total, BP lead charge in green strategic shift
- Schlumberger’s still sees revenue declines with marginal balance sheet improvements
- AR has potential to disrupt future oil and gas operational functions
- ICR announces significant Chemical Injection contract awards
- Dresser Natural Gas Solutions Launches Multipoint Injection for Texsteam Pumps
- Asia to lead global ethylene capacity additions by 2024, says GlobalData
- Global Energy, Utilities And Mining Sectors To Gain Ultra-Low-Bandwidth Remote Monitoring Solutions From Harvest Technology Group Agreement With AST And INMARSA
|
|
|
January 22, 2021: City Gas Distribution (CGD) industry is poised for an impressive growth. Originally, CGD was confined to IGL, MGL and Gujarat Gas. Similarly, LNG regassification capacity starting with Dahej terminal of Petronet has now crossed 42 million tonne capacity. Click column Gas Scene for an update of CGD and LNG terminals in India.
January 21, 2021: Major natural gas pipelines in India. A comprehensive data with details such as owner/operator, status- operational, partially commissioned, under construction, length and capacity etc., click column Gas Scene.
January 11, 2021: www.indianoilandgas.com in its column Policy, uploaded this morning, has a major exclusive report on oil marketing company Bharat Petroleum Corporation Ltd (BPCL) which is being privatised. Quoting highly-placed sources, it says the US Institutional Investor, Apollo Global, during its negotiations with Indian officials, has made an enticingly packaged offer which has enhanced its prospects in the race for BPCL. Click Policy-1 for details of the package.
Free Access column Petro Intelligence is on Ethanol blending conundrum. Ethanol blending with petrol was launched way back in 2003 without conducting a proper study to determine the cost of production and availability of ethanol. The scheme floundered from the start. The government had earlier fixed a target of 10 per cent ethanol blending by 2022, and 20 per cent blending by 2030. But it has now reworked the plan and intends to directly focus on the 20 per cent target by 2025. Will the strategy work? India is no Brazil. There is a glut in sugar markets worldwide. The sugar price realized by Indian sugar producers, even in the protected domestic market, is roughly 12-15 per cent below their cost of production. www.indianoilandgas.com interacted with eminent energy expert Dr Surya P. Sethi on the subject. Click the Column for details.
|
|
Iraq cuts crude oil supplies for most Indian refiners in 2021
January 23, 2021: Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20 per cent for 2021, industry sources said, in a rare move by OPEC's second-largest producer which is trying to meet its obligations under the group's production deal.
Iraq was the top oil supplier more..
RIL Q3 Results: PAT rises 12.5% YoY, beats estimates; sales slump 21%
January 23, 2021: India’s largest listed company Reliance Industries today reported a 12.5 per cent year-on-year rise in its consolidated net profit to Rs 131.01 billion, which was above analysts’ estimates.
The oil-to-telecom conglomerate reported consolidated revenues of Rs 1200 billion, up 21.10 more..
Adani Total Gas, Torrent Gas become first strategic investors in IGX
January 23, 2021: Adani Total Gas and Torrent Gas -- with stakes in both upstream and downstream hydrocarbon value chain -- have acquired five per cent equity stake each in Indian Gas Exchange (IGX).
India's first authorised gas exchange envisions to play a key role in the development of gas market which is more..
Elon Musk will give away $100 million for this, but what is Carbon Capture and why is it relevant?
January 23, 2021: The term Carbon Capture caught the attention of social media on January 22, after the world's richest man and Tesla Inc chief Elon Musk announced a prize of $100 million for the best Carbon Capture technology. Though India is still in nascent stages as far as Carbon Capture is concerned, some companies more..
Attractive LNG prices to boost India’s plan on gas-based economy
January 23, 2021: India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices that had skyrocketed to over $30/mmbtu (from $2 a few months ago on the back of the winter demand and supply constriants.
According to an estimate made by Emkay Global Financial Services, more..
AG&P Pratham Opens Tamil Nadu’s First Natural Gas Mother Station
January 23, 2021: India AG&P, the global downstream LNG and gas logistics company, today announced the opening of Tamil Nadu’s first ever Natural Gas Mother Station, in Ramanathapuram under its brand AG&P Pratham.
The new Mother Station, located at Valantharavi, will receive natural gas directly more..
Fuel prices rise again, reach new highs on Friday
January 23, 2021: Petrol and diesel prices rose sharply again on Friday reaching new all-time high levels as oil marketing companies decided to break the pause in revision of auto fuel prices to bridge the widening under recovery.
Accordingly, the pump price of petrol increased between 22-25 paise per litre more..
BP and India’s richest man are targeting this huge market
January 23, 2021: Although it doesn’t get as much attention as the US or China today, India is going to be a huge economy in the future. In terms of population, the country has almost as many people as China, and over four times as many as the US. With this huge population and the expected huge economy, India will need more..
|
|
The relationship between Oil and the U.S. Dollar. How it has changed in the 21st Century?
By Shriram Jatar & Maj .Gen.S.C.N, Jatar*
The bedrock of today's global economy and more...
|
|
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...
|
|
Promoting additional coal mining and production-is it green growth?
October 27, 2020: 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
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...
|
|
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...
|
|
BPCL Kochi Gets New Chief
Sanjay Khanna is the new Executive Director of BPCL Kochi Refinery, India’s largest PSU refinery. He was heading BPCL Mumbai Refinery earlier. He is a chemical engineering graduate from National more...
Ashok Sinha Joins Vedanta
Ashok Sinha, former CMD of BPCL, has joined the Vedanta team. He was director (finance) of BPCL for long before becoming its CMD. He joins Vedanta at a time when it is bidding for the government stake in more...
Cairn Appoints New Chair
Cairn Energy plc, Europe's leading independent oil and gas exploration and development companies, has appointed Nicoletta Giadrossi chair of the company with effect from January 1, more...
Seadrill Limited (SDRL) Appoints Chief Operating Officer
The Board of Seadrill Limited ("Seadrill" Has announced the appointment of Reid Warriner as Chief Operating Officer. As COO, Reid Warriner will oversee daily operational delivery for more...
Indraprastha Gas Appoints M S Gulati As CFO
The Board of Directors of Indraprastha Gas Limited in its meeting has appointed Manjeet Singh Gulati, GM (Finance) as Chief Financial Officer (CFO) of the company with effect from January 1, 2021, for the interim period till the time new CFO is appointed or April 30, 2021, whichever is earlier. He is currently serving as more...
|
|
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 |
|
|
Ethanol Doping Conundrum more...
BPCL Selloff: ‘Multiple Bids’ May Mask Strategic Options more...
Ratnagiri Refinery: Need To Expose The Forces Out To Scuttle Project more...
Driftwood Goes Adrift: PLL Asserts Its Independence more...
|
|
India And Qatar Set Up Task Force To Identify Projects For Investment more...
|
|
GeoPark’s Update Of OVL Operated CPO-5 Block more...
ONGC Videsh Is The Leading Overseas Investor In 2020-21 more...
|
|
Update: CGD and LNG Terminals in India more...
Major natural gas pipelines in India more...
Natural Gas Price Trends: Global & Domestic more...
Domestic Natural Gas Scene In November 2020 more...
Latest Demand Projections for Natural Gas more...
Coal Bed Methane (CBM) gas development in India more...
Natural Gas Price Trends: Global and Domestic more...
Capacity Utilisation of LNG Regasification Terminals (As on November 1,2020) more...
Domestic Natural Gas Scene Improves In October, But Still Below 2019 Level more...
Market Natural Gas and CGD: Attractive Industry more...
Natural Gas Price Trends: Global And Domestic more...
Natural Gas : Historic Data On Domestic Production, Import & Consumption more...
Gas to peak last among fossil fuels more...
Domestic Gas Scene In September 2020: Production, import, availability and sector-wise consumption more...
Gas: Increasing Import Dependency, Stagnant Domestic Production more...
Global Natural Gas Price Trends more...
Natural Gas Price Trends: Global And Domestic more...
Recoverable Coal Bed Methane Reserves more...
|
|
Update: Crude Oil Import - Volume And Value more...
Summary of Exploration, Production & Development activities in India FY 2019-20 more...
Marginal Change In Indian Rig Count (November 2020) more...
Status of blocks under NELP as on 1st October, 2020 more...
Global and Region-wise Rig Count in November 2020 more...
Price Movements in Indian crude basket in December 2020 more...
Comparision of Production and Consumption of Petroleum Products (April - November 2019 & April - November 2020) more...
Petroleum Products Import Goes Up In November, LPG, Petcoke Top The List more...
India’s Crude Oil Import Declines In November, OPEC Share further Down more...
Crude Processed In November 2020 more...
Ethanol Blending Programme (November 2020) more...
Industry Consumption Trend Analysis 2020-21 more...
Power supplied and deficit: Region-wise position for November 2020 more...
Passenger Vehicle Sales Cloak Growth In November more...
Petroleum Products Consumption Edges Up In November 2020 more...
Oil India’s International E&P Portfolio more...
India’s Drilling Activities Remain Unchanged more...
Global Oil Demand Revised Down more...
Global Rig Count vs. Crude Prices more...
Industry marketing infrastructure (as on 1st November. 2020) more...
Indian crude oil basket price in November 2020 more...
Consumption Growth Of Petroleum Products more...
Sales of Passenger Vehicles, Two Wheelers Up As Economy Recovers more...
Power supplied and deficit: Region-wise position for October 2020 more...
Sharp Decline In Petroleum Products Import In October 2020 more...
Petroleum Products Consumption Registers Growth In October 2020 more...
Crude Oil Processed Still Lower, Share Of Domestic Crude Up In October more...
|
|
|