Policy
Shale-Rich North America Calls For Strategic Long Term View
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Indian PSUs May Get More Oil & Gas Assets In Middle East
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Crude Price Fluctuations: From Panic To Relief To Uncertainty
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Oil Field Privatization May Hugely Benefit Vedanta Ltd.
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Oil Marketing Companies To Expand Retail Pump Network
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Regulation
ONGC To Assign Top G&G Talent To 4 CoDs Of Priority Plays
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IOC To Encounter Resistance In Exporting Refinery Technology
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Refineries Wrestling With Options To Deal With Fuel, Pet Coke
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Status Of Shale Gas And Oil Development: An Official Assessment
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Alternative Energy / Fuel
Ethanol Blending With Petrol Target To Be Doubled
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New Projects
Sapura Energy Secures $720 Million Contract In India
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Asian Oilfield Services Awarded Contract By ONGC
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Market Watch
Tata Motors Signs Agreement With Savita Oil Technologies
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Companies
Foresight Group International
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OIL Starts CSS Of Well In Rajasthan
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GEECL To Invest $2bn In Raniganj (South) CBM Block
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Maharashtra Seamless Bags Equipment-Supplies Order From ONGC
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Press Release [FREE Access]
Latest Exclusives

December 13, 2018: Indian refineries process both domestic and imported crude oils. With domestic crude production remaining more or less stagnant, the share of domestic crude oil in processing has been declining over the years even as that of the imported was going up. The share of imported crude in processing touched an all-time high during April-September 2018. Click column Special Database for a break-up of imported and domestic crude processed.


December 12, 2018: Yesterday (December 11) we uploaded capacity utilisation and other details of crude oil pipelines owned by upstream major ONGC. Among all oil companies in the country, IOC has the largest network of crude oil pipelines with a total length of 5301 km. Of the remaining, Oil India tops followed by BORL, Cairn India and HMEL. Click column Special Database for details.


December 10, 2018: RIL’s Pre-emptive Surgical Strike? Indian politics suffers from the Singur Syndrome. The farmers’ protest in this rural outpost in West Bengal’s Hoogly district against acquisition of their land for Ratan Tata’s car project ruined the Left Front government led by the Communists. The Singur syndrome is at work in Maharashtra stalling the 60 MMTPA refinery in which Saudi Aramco and ADNOC have taken 50 per cent equity stake with the remaining 50 per cent going to the Indian PSUs led by Indian Oil Corporation. The Modi government cannot afford the project to collapse for want of a location on the West coast. Even as refinery experts began to speculate about a location on the Gujarat coast where RIL owns two refineries with a total capacity of 68.2 MTPA, media began speculating about RIL’s plan to expand the refining capacity by 50 per cent. It is not an announcement by the company. There could be an interesting story behind it. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
ADB retains India’s growth forecast at 7.3% for FY19
December 13, 2018: Asian Development Bank has retained its India’s growth forecast at 7.3 per cent for the current fiscal and 7.6 per cent in the following financial year. India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, ADB said today in its Asian Development   more..


CCI approves Hazira acquisition
December 13, 2018: The Competition Commission of India (CCI) HAS approved 100 per cent acquisition of Hazira LNG Pvt Limited and Hazira Port Private Ltd by Shell. The move will allow Shell commercial and operational flexibility over Hazira to maximise integrated value and offer creative customer value propositions.   more..


India Hopes To Attract $300B Energy Investments In A Decade
December 13, 2018: India hopes to attract around US$300 billion in investments in its energy sector in the coming decade, including in refineries, natural gas infrastructure and trade, and liquefied natural gas (LNG) facilities, India’s Petroleum Minister Dharmendra Pradhan said at an energy conference in Delhi on   more..


Corrosion control firms keen to invest Rs 100 billion at Paradip
December 13, 2018: Corrosion is turning out to be a major headache for the industries across the sector. Paradip, a key industrial hub in eastern India with a cluster of industries in ports, crude oil refinery and product pipelines sectors, has attracted the attention of corrosion control companies. "As many as 10   more..


Reliance SEZ refinery to expand capacity by 5.8 mt
December 13, 2018: Mukesh Ambani-led Reliance Industries Ltd is seeking to expand the installed capacity of its export-oriented oil refinery in the Special Economic Zone (SEZ) at Jamnagar, Gujarat by 8.5 per cent or 5.8 million tons (mt). In 1998, Reliance built its first refinery at Jamnagar with an installed capacity of   more..


India Inc hails Shaktikanta Das as ‘great choice’ for new RBI Governor
December 13, 2018: Das, 61, a 1980 batch Tamil Nadu cadre IAS officer, who retired as the economic affairs secretary in May 2017 was Tuesday appointed by the government as the new head of the RBI India Inc Tuesday welcomed the appointment of seasoned bureaucrat Shaktikanta Das as the new RBI Governor and said his   more..


Choices for New Delhi: The US Embrace or Iran, India’s Old Friend?
December 13, 2018: As noted previously, Trump marches to a different tune to that of earlier Presidents George W. Bush and Barack Obama, both of whom were anxious to retain India’s goodwill although neither was able to gain New Delhi’s commitment to an alliance. Bush granted the country a waiver to the Nuclear   more..


Fuel prices fall for seventh straight day, petrol at Rs 75.80/litre in Mumbai
December 13, 2018: According to the Indian Oil Corp data, petrol prices in Kolkata, New Delhi and Chennai were at Rs 72.28 per litre, Rs 70.20 per litre and Rs 72.82 per litre, respectively, while diesel stood at Rs 66.40 a litre in Kolkata, Rs 64.66 a litre in New Delhi and Rs 68.26 a litre in Chennai. US oil prices climbed   more..

Petropulse / Guest Column
How To Unlock India’s Gridlocked Gas Grids Urgent Need For Transnational Gas Pipeline From Gulf To India
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* | www.indianoilandgas.com  in one of its  earlier issues under column  Petro Intelligence had tellingly remarked, “But 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...

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...

Special Reports
Bina Refinery In Madhya Pradesh In News Again
August 7, 2018: 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 more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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
May 21, 2018: 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
May 18, 2018: 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.
May 14, 2018:  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 more...

Status of Equity Oil and Gas Overseas
May 10, 2018: 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 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
Alka Mittal Takes Charge As Director (HR) of ONGC
Alka MittalAlka Mittal becomes the woman director of ONGC. She has taken over as the Director (HR) of Oil and Natural Gas Corp (ONGC). Prior to joining as Director (HR), Mittal held the post of Chief Skill Develoment more...

A K Tiwari Takes Charge As Director (Finance), GAIL
A.K. TiwariAnjani Kumar Tiwari assumed the Board position in GAIL (India) Limited as Director (Finance) on 1st December, 2018. Before assuming charge as Director (Finance), Mr Tiwari was the Officer on Special Duty & more...

L&T Chief AM Naik To Head National Skill Development Corporation
A.K. NaikThe government has announced the appointment of AM Naik, group chairman of construction and engineering giant Larsen& Toubro, as chairman of National Skill Development Corporation (NSDC). Currently group more...

IOC Reappoints An Independent Director
Parindu K BhagatParindu K. Bhagat has been re-appointed on the Board of IndianOil as Independent Director for a period of one year w.e.f. 2nd December 2018. Parindu Bhagat, a Chemical Engineer and a law graduate 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]
RIL’s Pre-emptive Surgical Strike?
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One-Buck Dilemma For Private Fuel Retailers
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India Needs Affordable LNG
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When A Total Eclipse Overshadows Exxon’s Ambitions
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Foreign Investment
AG&P To Invest Gas Infrastructure In India
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Overseas Investment
ONGC Gets $32 Million Payment From Venezuela’s PDVSA
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Gas Scene
Domestic Natural Gas Scene In October 2018
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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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Update: Sectoral Consumption of Natural Gas, LNG Import and Total Net Available Gas for Sale
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Domestic Gas Scene In September 2018
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Declining Rate Of Gas Flaring In ONGC’s Fields
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Natural Gas In India’s Energy Basket
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Domestic Natural Gas Price & Global Natural Gas Price trends
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Updatew: Existing Gas Pipeline Network, Gas Pipelines Under Execution
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Gas pipeline network update
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An Update : Capacity Utilization of LNG Regasification Terminals
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Domestic Gas Prices & International Gas Prices
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Domestic Gas Scene In totality In Last 3 Years
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Imported Crude & Domestic Crude Oil Processing
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Capacity Utilisation of Crude Oil Pipelines of IOC, OIL, Cairn, BORL, HMEL
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Declining Capacity Utilization of ONGC’s Crude Oil Pipelines
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FOB Price Of Indian Basket Of Crude Oil
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Retail Selling Price & percentage of taxes in RSP of petrol and diesel in developed countries vs India
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Update Of Hydrocarbon Reserves In India
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Power Availability Improves In October 2018
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Resource Base of ONGC in E&P
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Sharp Decline In Petroleum Products Import In October
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Crude Oil Imports Up By 10.5 % In October, OPEC Share Dips
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Domestic oil & gas production vis-à-vis overseas production (October 2018)
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Gross Refining Margin (GRM) of Indian Refineries FY 2019 (April-September)
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Shale Oil/Gas Drilling Performance in FY 2017-18
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IOC’s Research & Development Makes Significant Contributions
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Oil and Gas Separation, Refineries, Gas Processing Plants, Olefin and Aromatic Mother Plants
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Update: Distillate Production in Indian refineries, total and break-up
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India: Oil Import - Volume, Value and Price USD / Barrel
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Power Shortage Situation In September 2018
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Update: India’s Crude Refining Capacity , Company-wise, Refinery-Wise As On August 1, 2018
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Indigenisation Level Of Hardware in Gas Transportation - LNG, Pipelines
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Petroleum Products Import In September Registers Impressive Growth, Export Declines.
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Crude Oil Imports Register Modest Increase In September, OPEC Share Down
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ONGC
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