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Apollo Global, 1 Squared Capital Looking For Indian Partner For BPCL Bid
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French Oil Major Total’s Passage To India
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Belated Move To Arrest Further Decline In ONGC’s Fortunes
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India’s National Oil Companies Bet On Petrochemicals
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High Retail Prices Push Down Consumption Of Transport Fuels
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Royal Dutch Shell Enters LNG Retailing Through Its Terminal
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A Separate Company To Be Formed To Manage E&P Database
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Gujarat Gas On An Aggressive Expansion Strategy
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Liquefied Petroleum Gas: The Star Of The Lockdown Days
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MoPNG Signs MoU with Companies For CBG Plants
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Petronet LNG To Expand Dahej Terminal’s Capacity
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ABB Provides Automation For LPG Terminal At West Bengal
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PM Dedicates Pipeline Project In Tamilnadu
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IOC Starts Land Acquisition For Refinery Project
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PLL, Kochi Gets Approval For LNG Dispensing
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Joshi Technologies International, Inc.
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RIL Initiates Process To Spin Off O2C As Separate Subsidiary
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Oil India Led Consortium To Bid For BPCL’s Stake In Numaligarh Refinery
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Essar Signs MoU With IIT Dhanbad (ISM) For R&D In CBM Gas
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Cairn Oil & Gas Seeks Bids For Gas From Rajasthan Block
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- The Prime Minister of India, Hon. Shri Narendra Modi to Deliver Keynote Remarks at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi-specialty Hospital at Rajabari
- US Gulf Coast storm outages send ripples round global markets
- Oil & Gas Upstream Industry Vision 2050 Charted Out at the Upstream Ahead Summit
- ONGC declares results for Q3 FY’21: Posts net profit of ₹13.78 billion; declares interim dividend of ₹ 1.75/share
- US to drive global crude oil trunk/transmission pipelines growth by 2024
- 5th Edition - India Refining Summit 2021 - March 25th -26th , 2021, Le Meridien New Delhi
- Siemens Energy delivers energy storage solution for Maersk Drilling’s first hybrid, low-emission jack-up drilling rig
- BPCL - Unaudited Financial Results (Provisional) for the quarter ended 31st December, 2020
- ONGC to usher in India’s first Geothermal Energy at Ladakh
- ONGC CMD pitches for deeper collaboration for sustainable growth: Global Compact National Convention
- 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
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March 1, 2021: India’s Crude Oil Import Down In January, OPEC Share Falls, Click column Special Database for details.
February 26, 2021: Indian economy has been recovering from the impact of the lockdown but of late, the rate of recovery is not fast as before if consumption of petroleum products is applied as a yardstick. The consumption of High Speed Diesel yet to pick up speed as planned while that of petrol continues the upward trend. Click column Special Database for details.
February 25, 2021 | Privatisation Not The Answer To Consumer Woes: The Modi government wanted to inject competition in India’s petroleum industry by privatising the second largest and the most efficient Oil Marketing PSU, Bharat Petroleum Corporation Ltd (BPCL). This policy stance has not met with any great resistance from any quarter save for some muted expressions of restiveness from the trade unions. But it forces us to now confront the question that has loomed before us: does competition in the petroleum sector really yield efficiency gains for the consumer? It must be acknowledged that fair competition helps create a healthy market that ultimately benefits the consumer and the market players themselves. However the phrase has never been clearly defined in the Indian context. What precisely did petroleum minister Dharmendra Pradhan mean when he spoke of competition? Can mere privatization of BPCL raise the level of competition in India's oil and gas sector? Click Free Access column Petro Intelligence for an insightful piece on the subject.
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Fuel prices may fall by April, says petroleum minister Dharmendra Pradhan
March 1, 2021: Union minister for petroleum, natural gas and steel Dharmendra Pradhan said that he has asked his counterparts in petroleum producing countries to increase their oil production so that Indian consumers get relief from soaring fuel prices.
“In April last year, major oil-producing countries more..
10 million more free LPG connections in 2 years, easier access to cooking gas planned: Oil Secretary
March 1, 2021: The free LPG connection scheme is one structural reform of the Modi government that has been internationally acclaimed for ridding indoor household pollution and improving women's health.
And now, the government plans to give ten million more free LPG connections to the needy over the next more..
Bringing petroleum products under GST will be good move: CEA K V Subramanian
March 1, 2021: Chief Economic Advisor K V Subramanian has backed a proposal to bring petroleum products under the ambit of the Goods and Services Tax (GST). He, however, said the decision will have to be taken by the GST council. "It will be a good move, but the decision rests with the GST Council," Subramanian said more..
Gujarat-based City Gas Distribution companies lead CNG station surge
March 1, 2021: Gujarat-based city gas distribution (CGD) companies are planning to aggressively add new compressed natural gas (CNG) stations. The expansion is driven by the government’s greater push for the usage of cleaner fuels, growing adoption of CNG amid surging petrol and diesel prices, as well as the allotment more..
Qatargas delivers its first LNG cargo to India’s Ennore terminal
March 1, 2021: Qatargas said Feb. 28 it delivered its first LNG cargo to India's Ennore LNG receiving terminal as the Asian country seeks to increase its use of natural gas.
The cargo was delivered via a Q-Flex vessel, named Al Nuaman, which was loaded with 147,000 cm of LNG on Feb. 11 at Ras Laffan port, more..
IndianOil Launches 100 Octane Fuel In Hyderabad
March 1, 2021: Indian Oil Corporation (IOC) has launched 100 Octane premium petrol in the city of Hyderabad. The premium fuel called XP100 is designed to boost the performance of the engine and offers better driveability. According to a report from ETAuto, premium-grade petrol is priced at ₹ 160 per litre, which is the more..
Petrol, diesel prices unchanged across metros
March 1, 2021: Fuel prices, which have been soaring to unprecedented levels in the country of late, remained unchanged on Sunday. In the national capital, petrol was priced at Rs 91.17 per litre, same as on Saturday. Similarly, in Mumbai, Chennai and Kolkata, the fuel was sold for Rs 97.57, Rs 93.11 and Rs 91.35 a litre more..
What is Ethanol-blended petrol? Should we be concerned?
March 1, 2021: Recently, fuel outlets began placing banners stating that the petrol they sell contains ethanol, which is a bio-fuel obtained primarily from sugarcane. Some are even printing on their bills that the petrol has been blended with 10% ethanol. This blending is being done by the oil marketing companies in their more..
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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...
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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...
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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...
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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...
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Sanjay Sharma To Head Goodyear Lubricants’ Sri Lanka Territory
 Sanjay Sharma, Country Head Sales, Marketing & Operations of Assurance Intl Limited-Goodyear Lubricants, has been delineated the responsibility for the whole of sales operation for the Sri Lankan more...
Arup Sinha Takes Over As ED - Northern Region, IOC
 Indian Oil Corporation, the country's largest fuel retailer, announced that Arup Sinha has taken over as Executive Director (Regional Services) for the company's Northern Region division which more...
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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 |
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Privatisation Not The Answer To Consumer Woes
more...
India Must Buy Near Location Oil & Gas Assets
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Global Oil Majors’ Entry Into India’s Fuel Retailing Inevitable
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Ethanol Doping Conundrum
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Environmental Clearance Received For Nayara’s Gujarat Expansion
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AG&P Inks MoU With TN Government To Develop CGD Infrastructure
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Tesla To Set Up Electric Car Manufacturing Unit In Southern India
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Sri Lanka To Re-Acquire 99 Oil Tanks Leased To IOC
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Moza LNG Is Deal Of The Year
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Domestic Natural Gas Scene In January Presents A Dismal picture
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Natural Gas Price Trends: Global And Domestic
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Domestic Natural Gas Scene in December 2020
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Update: LNG imports over the years and sector-wise consumption of natural gas
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Update: CGD and LNG Terminals in India
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Major natural gas pipelines in India
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Natural Gas Price Trends: Global & Domestic
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Latest Demand Projections for Natural Gas
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Coal Bed Methane (CBM) gas development in India
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Natural Gas Price Trends: Global and Domestic
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Capacity Utilisation of LNG Regasification Terminals (As on November 1,2020)
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Domestic Natural Gas Scene Improves In October, But Still Below 2019 Level
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Market Natural Gas and CGD: Attractive Industry
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Natural Gas Price Trends: Global And Domestic
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Natural Gas : Historic Data On Domestic Production, Import & Consumption
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Gas to peak last among fossil fuels
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India’s Crude Oil Import Down In January, OPEC Share Falls
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Petroleum Products Consumption Recovery Continues But Growth Rate Slows
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Analysis of Crude Oil Processed By Indian Refineries In January 2021
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Production, Consumption and Surplus of Petroleum Products since FY 2009-10
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Update: Distillate Yield Of PSU Refineries
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India’s Declining Petroleum Subsidy / Under-Recovery
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Indian Rig Count vs. Indian Basket Crude Price in December 2020
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Global Rig Count Up
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Indian crude oil basket price In January 2020
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Ethanol Blending With Petrol Touches A New High
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Petroleum Products Import Edges Up As Economic Activities Pick Up
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Total Crude imports Up In December 2020, OPEC Share Down
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HS Crude Share Sharply Down In Indian Refineries In December 2020
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Status of blocks under OALP and DSF Rounds (As on 1st October, 2020)
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Historic Data: Refinery- wise, Sector-wise Crude Processing
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Power supplied and deficit: Region-wise position for December 2020
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Petroleum Products Consumption Edges Up In December 2020
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Update: Crude Oil Import - Volume And Value
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Reliance Industries Limited - Petroleum Business (E&P)
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Cairn India
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