Policy
Indian Industry Resisting Costly LNG, Import Declines
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Crude Prices Slide As Demand Concerns Outweigh Supply Fears
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India Exploring Oil Imports From Latin America
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Govt. Keen To Bring Petrol, Diesel Under GST Regime
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Despite High GRMs State PSUs End Up In Losses Again
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Regulation
Windfall Tax Plays Havoc With Upstream Major ONGC’s Profits
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Shale Gas Exploration: To Abandon Or Not To Abandon Is The Question
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LPG ( Domestic) Most Politically Sensitive Petroleum Product?
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SHV Energy In Close Race With Ageis, Vopak In LPG Terminal Facility
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Alternative Energy / Fuel
Coadbed Methane Development Progresses Slowly
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HPCL’s Innovative Project To Convert Cow Dung To Biogas
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New Projects
Engineers India Bags Order From Chennai Petroleum Corporation
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NLC To Set Up Methanol Project
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NRL Oil Import Terminal Project Gets Underway
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Market Watch
GoGas Launches 425 Kg LPG Cylinders
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Companies
Corrtech International Ltd
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Adani Acquires Stake In Indian Oiltanking
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First Batch Of ATF Flagged Off From IOC Barauni
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Press Release [FREE Access]
Latest Exclusives

December 9, 2022: Coalbed Methane (CBM), an unconventional source of natural gas, is now considered as an alternative source for augmenting India’s energy resource. India has the fifth largest proven coal reserves in the world and thus holds significant prospects for exploration and exploitation of CBM. Quite a few players have been wrestling with its development. Click column Alternative Energy for an update.


December 8, 2022: After folding up the New Exploration Acreage Licensing Policy (NELP) which had as many as nine rounds, the Directorate General of Hydrocarbon (DGH) went in for Open Acreage Licensing Policy (OALP) round and Discovered Small Fields (DSF) round. These rounds have been in operation for quite a few years now. Click column Special Database for their status.
November 25, 2022 | The Lost Terminals: Writing On The Wall That No One Seems To See | The 1400 km -long HBJ gas pipeline, constructed in time by the Spie Capag-led consortium, remained totally unutilised for close to five years. The appalling situation arose because of the lack of coordination among the various wings of the government, mainly between the ministries of petroleum and natural gas and Chemicals and Fertilizers. The author finds a similar situation developing as a host of companies feverishly draw up plans to build terminals for import and re-gasification of Liquefied Natural Gas (LNG). Except in the case of terminals located at Dahej and Hazira in the western state of Gujarat, the capacity utilisation of the other terminals is abysmal at less than 20 per cent. In the case of Indian Oil Corporation’s terminal at Ennore, near Chennai in Tamil Nadu state, it is as low as 12 per cent. The performance picture will be drastically different when the 5 million tonne per annum terminal at Dhamra in the state of Odisha, which is at an advanced stage of construction, comes on stream. This is because the main promoter of the terminal is the Adani group. Click Free Access Column Petro Intelligence to read an exciting piece on the subject.
Today's News [FREE Access]
India’s November fuel demand rises 10.2% year-on-year
December 10, 2022: India's fuel consumption, a proxy for oil demand, rose 10.2% year-on-year in November to 18.84 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Friday. Sales of gasoline, or petrol, were 8.1% higher at 2.86 million tonnes. Cooking gas   more..


India saved over Rs 350 billion with discounted Russian crude, may continue buying: Experts
December 10, 2022: India has saved billions of rupees buying discounted Russian crude oil and also saved on the outflow of dollars at a time when the local currency has been weak. Even as geopolitical pressure intensified against Russia after it attacked Ukraine, India has made it clear that it will give its own energy needs   more..


Government introduces Energy Conservation Bill in Rajya Sabha
December 10, 2022: Minister of New and Renewable Energy R.K. Singh introduced the Energy Conservation (Amendment) Bill in Rajya Sabha on Thursday. The Minister stated that the non-fossil fuel capacity was 42% of the total energy generation and in order to address the transition, the bill had been brought    more..


New unit inaugurated at Digboi Refinery
December 10, 2022: A Volatile Organic Compound (VOC) Reduction Unit of Digboi Refinery, constructed at a cost of Rs 90 million, was inaugurated by the Director of Refineries, Sukla Mistry when she was on her maiden visit to the Refinery after taking over charge recently. In compliance with the emission norms   more..


Govt extends Rooftop Solar Programme till March 2026
December 10, 2022: The Rooftop Solar Programme has been extended till 31.03.2026 and therefore, subsidy under the programme will be available until the target under the Programme is achieved. All residential consumers are hereby advised not to pay any additional charges to any vendor on account of fees for application on the   more..


Greenko Group emerges lowest bidder for NTPC’s 300 MWh energy storage tender
December 10, 2022: Hyderabad-based Greenko Grouphas emerged as the lowest bidder in the world’s first and largest technology agnostic storage tender from NTPC Renewable Energy Limited (NTPC REL), the renewable arm of NTPC Limited. Greenko is backed by GICHoldings Pte Ltd, Abu Dhabi Investment Authority and Japan’s   more..


Govt seeks Parliament nod for net additional spending of Rs 3250 billion this fiscal year
December 10, 2022: The Government on Friday sought Parliament's nod for net additional spending of over Rs 3250 billion in the current fiscal, which includes over Rs 1090 billion towards fertiliser subsidy payout. Besides, approval for Rs 803.4825 billion has been sought for meeting expenditure of the food   more..


ETEnergyworld successfully concludes mega event Annual Gas Conclave & Awards 2022
December 10, 2022: The ETEnergyworld Annual Gas Conclave, the premium industry event in the Oil & Gas sector, successfully concluded with participation from around 300 top leaders of the domestic and the global industry including officials from the ministry, PSUs, state utilities, private sector CEOs, financing agencies,   more..

Petropulse / Guest Column
Technology breakthrough transforms flaring gas to clean hydrogen
By Michael Stusch, CEO, H2 Industries | Gas flaring is now recognized as a major contributor to the emission of harmful gases affecting climate change and society by creating increased incidences of cancer in communities close to flaring sites. Sadly, flaring has been around for more than 150 years since more...

IOG Exclusive
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...

Special Reports
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...

Importance Of Offshore Wind Power
Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...

Future Power Grid Vision - Grid Of Microgrids
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 sustainable more...

Future of India’s transport story is renewable biogas
Vinod Paremalby 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...

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
New Additional Secretary In MoPNG
Kamini ChauhanMs Kamini Chauhan Ratan is appointed as AS&FA, Ministry of Petroleum & Natural Gas. Currently, she is Joint Secretary, Department of Higher Education. more...

Pankaj Kumar Given Additional Charge At ONGC
Pankaj Kumar Oil & Natural Gas Corporation announced that Pankaj Kumar, Director (offshore), has been entrusted with the additional charge of the post of Director (HR), by the Ministry of Petroleum and Natural more...

Adani Group Appoints Phuntsok Wangyal As New CFO
Phuntsok WangyalAdani Green Energy Limited (AGEL) has appointed Phuntsok Wangyal as the Chief Financial officer (CFO), effective November 11, 2022. He succeeds Kaushal Shah. Wangyal has over 20 years of experience in the more...

Indian Petro Scene - In a Nutshell
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.

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Petro Intelligence [FREE Access]
The Lost Terminals: Writing On The Wall That No One Seems To See
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Why Modi Must Abandon Hopes Of Privatising BPCL
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Sakhalin-1: More Than A Game Of Russian Roulette
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Gas Pricing Linked To Global Benchmarks: A Flawed Concept?
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Foreign Investment
Nayara Exports 4.46 Million Tons Of Petroleum Products
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SHV Energy Expands Its LPG Terminal At Tuticorin
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Overseas Investment
EIL Bags Integrated NGL And CCGT Power Plant Project In Guyana
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Gas Scene
Domestic Natural Gas Scene In October 2022
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Natural Gas Price Trends: Global and Domestic
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Sectoral Consumption of Natural Gas In September
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Domestic Natural Gas Scene in September
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene In August 2022
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MGL Remains A Remarkably Efficient CGD Company
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Natural Gas Price Trends: Global And Domestic
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LPG Marketing Profile For The Period April-June 2022
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Trends In Natural Gas Prices: Global And Domestic
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Domestic Natural Gas Scene In July 2022
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Indradhanush Gas Grid Limited To Be Completed As Scehduled
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The Slowly Expanding Natural Gas Pipeline Network
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Sectoral Consumption of Natural Gas
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Rising Price Of LNG Slows Down India’s Import
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Domestic Natural Gas Scene In June
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Status Of OALP And DSF Rounds
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Subsidy/Under-recovery On Petroleum Products On The Verge Of Elimination Before Ukraine War
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Story of India’s Petroleum Products Surplus
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Consumption Pattern of Petroleum Products From FY 2011-12
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LPG Marketing Performance Profile
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Power Situation Improves, To Dampen Diesel Sales
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India’s Declining Crude Production: Domestic And Overseas
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New Exploration Acreage Blocks Still Under Operation
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Marginal Increase In Total Installed Refining Capacity
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An Analysis of Consumption trend in Petroleum Products
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Petroleum Products: Both Import And Export Drop In October
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India’s crude Oil Import From OPEC Declines In October
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Analysis Of Crude Oil Processed In Indian Refineries
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Impressive Sale Performance of Passenger Vehicles, Two/Three Wheelers
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Petroleum Products Consumption Registers 3.4% Growth In October
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Declining Domestic Share In Production Of Petroleum Products
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Plant Fuel & Loss
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Price Movements In Indian Crude Basket
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Imported Crude & Domestic Crude Oil Processing
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Ethanol Blending With Petrol Program Refuses To Pick Up Speed
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Production and consumption of petroleum products
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Petroleum Products: Import Marginally Up, Exports Down In September
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OPEC Share In India’s Crude Import Drops, Russia’s Jumps
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Analysis Of Crude Oil Processed By Indian Refineries
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Tenders [FREE Access]
ONGC
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