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Despite Mounting Israel-Iran Tensions, Crude Prices May Remain Nearly Stable
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US Dollar – Indian Rupee Conversion Factor Influencing Fuel Retail Prices
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India Gradually Emerging As A Gas Hub
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bp Scouts For New Opportunities In India
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Government Withdraws Capital Support To OMCs
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India’s LPG Problem Eludes Solution: Imports Keep Rising, Refineries Reluctant To Step Up Production
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BPCL To Outdistance HPCL In Retail Outlets Network
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Oil India’s Exploration Acreage Surges In Recent Years
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Indian Oil Corporation’s Expanding Pipeline Network
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Wind Energy Emerges As A Reliable Energy Source
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GAIL’s First CBG Plant In Jharkhand
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Petronet LNG Commissions Two Storage Tanks
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Greenzo Inks MoU For Green Hydrogen Projects In Gujarat
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IndianOil Unveils Two Innovative Products
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Asian Energy Services Limited (ASIAN)
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Asian Energy Services Secures Rs. 820 Million Contract From Oil India
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AM Green, Gail Tie Up For 2.5GW Hybrid Renewable Energy Projects
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October 14, 2024: Petroleum products are taxed heavily in India and this is precisely why petrol and diesel are among the highest priced in Asia. This is a political decision as India imports 87 per cent of its crude oil requirement. Click column Special Database for details of taxes and price build-up of petrol and diesel.
October 11, 2024: Among the various sectors of the economy, Petroleum sector is rated the single largest revenue contributor to the union and state governments. This is the largest taxed area. Click column Special Database for details.
October 10, 2024 | ONGC: A Crying Need To Return To The Basics | Pakistan recently reported a major oil and gas find in its territorial waters that could give it the bragging rights to claim ownership of the world’s fourth largest oil and gas reserves. The report has galvanized the Government of India and the national oil companies to announce an aggressive exploration and production (E&P) programme in the country that will be packed with sufficient incentives to disarm the reservations of global oil giants that have generally refrained from acquiring oil and gas fields in the country. S&P Global recently revealed that India could hold up to 22 billion barrels of oil and gas in just four of the largely unexplored basins: Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan. The oil find in Pakistan should encourage ONGC, and to some extent Oil India Ltd (OIL), to introspect about their lapses and review all facets of the past exploration efforts. Click Free Access Column Petro Intelligence to read comprehensive article on the subject.
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US Sanctions Indian Company For Involvement In ‘Ghost Fleet’ Transporting Iranian Oil
October 14, 2024: The United States has sanctioned an Indian ship services company for allegedly being involved in the transport of petroleum from Iran through a “Ghost Fleet" in defiance of restrictions on Tehran.
The State Department said on Friday that Gabbaro Ship Services Private Ltd based in more..
ONGC looks at mini-LNG plants to evacuate natural gas from isolated fields
October 14, 2024: State-owned Oil and Natural Gas Corporation (ONGC) is looking to set up mini-LNG plants to evacuate natural gas from wells located in areas that are not connected with pipelines.
The firm has identified five sites in Andhra Pradesh, Jharkhand and Gujarat for setting up mini plants at wellhead more..
Union Minister G Kishan Reddy Inaugurates Rooftop Solar Power Plant in GSITI Hyderabad
October 14, 2024: Further Strengthening Prime Minister Narendra Modi’s vision of a cleaner and greener India, Union Minister for Coal and Mines, G. Kishan Reddy, inaugurated the Rooftop Solar Power Plant at the Geological Survey of India Training Institute (GSITI) in Hyderabad today. This event, held at the M. S. more..
Gujarat Leads India’s Green Transition
October 14, 2024: Gujarat has taken center stage in India's renewable energy revolution, notably under the leadership of Prime Minister Narendra Modi. The state, historically under Modi's transformative governance, has demonstrated significant progress over the last 23 years.
With a total power more..
RIL Set to Announce Bonus Shares on October 14
October 14, 2024: Reliance Industries Limited (RIL) is in the news for giving bonus shares to its investors. For every share a person owns, they will receive one extra share. This is a special Diwali gift for shareholders, just in time for the festive season in India.
Upcoming Meeting and Record Date RIL's more..
UPPCL Secures 500 MW Solar Power Deal to Meet Growing Demand
October 14, 2024: UP Power Corporation Limited (UPPCL) has been approved to buy 500 MW of solar power through a 25-year agreement. The deal, aimed at meeting rising energy needs in Uttar Pradesh, will be handled through a competitive bidding process under the Solar Inter-State Transmission System Scheme.
The more..
ONGC Ltd CSR Spending Report of Rs. 6.34 billion for FY 2023-24
October 14, 2024: In the financial year 2023-24, Oil and Natural Gas Corporation (ONGC) achieved a remarkable milestone by registering its highest-ever Corporate Social Responsibility (CSR)expenditure. With a total CSR spending of Rs. 63.4574 billion, including Rs. 809.62 million in ONGC’s Aspirational Districts, the more..
India’s Adani set to raise $1bn from Middle East wealth fund
October 14, 2024: Adani Group, led by Indian billionaire Gautam Adani, is in advanced discussions with an unnamed sovereign wealth fund from the Middle East to raise up to $1 billion for its airports business, a news report said.
The first tranche of the fundraising will be finalised by the end of the fourth more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
 Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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Double Trouble
By R. Sasankan
If you ignore history, you are condemned to repeat it.
The stark truth of this aphorism came back to me the other day when I
read a Reuters report that said Indian Oil Corporation was aiming to
double the capacity of its liquefied natural gas more...
Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan
Parliamentarians in India have a heart-warming desire to
shape public policy; the trouble is that in their eagerness to do something -
anything - they can allow the nobility of their intention to smother the
practicality of their proposed interventions. In their zeal more...
Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan
India is a country of many paradoxes – and it is this quality that makes
it hard for policy makers to find the right palliative for its myriad
problems. The country is one of the fastest growing economies in the
world and hopes to become a $ 5 trillion more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
West Coast Refinery Continues To Battle A Jinx
By R. Sasankan
Industrial projects in India can never seem to skirt controversy and
invariably go through a prolonged period of uncertainty as promoters
fret over the roadblocks they face. The intensity of the controversy is
directly proportional to the size of the more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
Oil PSUs In Trouble Again
By R. Sasankan
International price of crude oil has risen by 30% in the third quarter
of 2023. Global crude oil inventories are at seasonal lows and
production cuts, announced transparently by OPEC+ till the end of
December 2023 amount to about 3.3 million barrels a more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
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Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
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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...
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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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P K Singh Takes Charge Of Secretary, MNRE
 The Government of India has appointed Prashant Kumar Singh as the new Secretary of the Ministry of New and Renewable Energies. Singh is an IAS Officer of the 1993 batch belonging to the Manipur cadre. Before more...
Gensol Appoints Ankit Jain As CFO
 Gensol Engineering, a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services and electric mobility solutions, has announced the more...
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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.
To download this full article in PDF, click here |
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ONGC: A Crying Need To Return To The Basics
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Reading The Tea Leaves on Crude Oil Prices
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India Needs To Reboot Its Crude Oil Sourcing Strategy
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The Fault In Our Ethanol Fuel Blends
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Adani Total Gas Commissions India’s Biggest Hydrogen Blending In Natural Gas Project
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Google Announces Renewable Energy Partnerships
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IndianOil To Develop Petroleum Pipelines In Nepal
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Decline In Natural Gas Prices Continues In All Major Global Hubs
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Sector-Wise Consumption Of Natural Gas
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Widening Gap Between Targets And Actual Production In Natural Gas
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Amazing Growth In LPG Coverage
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Domestic Natural Gas Scene in July 2024
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Fall & Rise In Domestic Natural Gas Production
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India’s Increasing Gas Import Dependency
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How Much Natural Gas Did India Consume During April-June 2024?
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What Precisely Is Wrong With Fixing Of Natural Gas Production Targets?
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Price Build Up Of Petroleum Products-Petrol, Diesel
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Petroleum Sector’s Revenue Contribution To Union/State Governments
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World Oil Demand Growth Forecast For 2024, 2025 Revised Down
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How Indian Crude Basket Prices Moved In September?
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Analysis Of Petroleum Products Consumption Trend In FY 2024-25
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What Pushed Down Diesel Consumption In Rapidly Growing Indian Economy?
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Petroleum Products Consumption Suffers De-growth In August 2024
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Export Of Petroleum Products Drops Sharply In August, Import Marginally Down
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Analysis Of The Type Of Crude Processed by Indian Refineries in August 2024
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