Policy
Crude Oil price: Shape Of Things To Come
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RIL Outsmarts PSU Oil Cos, Reaches Out To Cheap Canadian Oil
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India Fails To Reduce Dependency On Crude Oil Imports
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GAIL Plans To Double Its LNG Trading Volumes By 2030
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India’s Petroleum Products Export Facing Stagnation?
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Regulation
Expanding PNG May Lead To Lower LPG Imports
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When Will India’s Refining Capacity Expansion Be Revived?
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Oil India Getting Ready For Exploration in Offshore Kollam
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BPCL Leapfrogs Into PetroChemicals Production
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Alternative Energy / Fuel
Impressive Growth In Wind Energy
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New Projects
Chennai Petroleum Sees Two-Year Delay In Building 180,000 Bpd Refinery
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Lummus To Provide Digital Solutions To Haldia Petrochemical
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Market Watch
India’s Natural Gas Consumption Reaches 66.6 BCM In 2024
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Companies
Beicip-Franlab
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Adani Green Energy Secures $400 Million Funding For Its 750 MW Solar Projects
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Government Accords ‘Navratna’ Status to IREDA
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HPCL To Establish International Trading Desk
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Newbuild Offshore Anchor-Handling Tugs Launched In India
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NHPC To Collaborate With Norwegian Company For Implementation Of Floating Solar Energy Technology
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Press Release [FREE Access]
Latest Exclusives

May 24, 2024: India has a total of seven LNG regasification terminals in operation. The eighth one, promoted by HPCL, has just been commissioned. The total existing capacity of the seven terminals work out to 47.7 million tonnes. Except for one at Dahej, the capacity utilisation of other terminals is very low. Click column Gas Scene for terminal-wise capacity utilisation.


May 23, 2024: The estimated Compressed Bio Gas (CBG) potential from various sources in India is nearly 62 MMT with biomanure generation capacity of 370 MMT. Click Column Gas Scene for details of CBG development in India.
May 22, 2024: Coal Bed Methane (CBM) is an unconventional natural gas that is stored in coal seams and is considered an alternative energy source for India. India has an estimated 2,600 billion cubic meters (BCM) or CBM resources across 11 states, including Andhra Pradesh, Assam, chhattisgarh and Gujarat. The majority of India's CBM and coal reserves as located in the Gondwana sediments of eastern India. Click column Gas Scene for CBM development details.

May 10, 2024 | Natural Gas: Still Dreaming Big | Back in 2016, a couple of so-called experts envisioned a world where natural gas would fatten on demand for this fossil fuel option, raising its share in the country’s primary energy basket from 6.14% in 2016 to 15% by 2030. The 15 per cent target for natural gas in the energy mix is increasingly looking far-fetched and overblown. As of October 2023, the Petroleum and Natural Gas Regulatory Board (PNGRB) reported that India's share of natural gas in the energy mix stood at 5.78%. Quite a few international energy organisaions have also come out saying that the target may not be feasible before 2050. How come India's energy experts have gone so wide of the mark? It is an acknowledged fact that there are quite a few charlatans masquerading as energy pundits. Click Free Access column Petro Intelligence to read an exciting piece.
Today's News [FREE Access]
India’s crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark
May 25, 2024: India's crude oil imports increased by seven per cent year-on-year (YoY) in April 2024 and the net import bill for oil and gas hit $12.3 billion, compared to $10.1 billion in the corresponding period last year. Out of this, crude oil imports constituted $13.0 billion, liquefied natural gas (LNG) imports were   more..


Oil Marketing Companies Likely To See Margin Pressure In FY25, Says CareEdge
May 25, 2024: Russia's share in India's total crude-oil import bill hit a nine-month high of 40% in April as discounts from Moscow narrowed. CareEgde Ratings expects the gross refining margins of Indian refiners to moderate in financial year 2025 in the range of $6–8 per barrel as product cracks, especially for   more..


GAIL’s Rs 13 bn bet on biofuels
May 25, 2024: GAIL (India) is set to establish 26 Bio CNG plants within the next two to three years, collaborating with raw material suppliers and biogas producers as joint venture partners. The initiative, requiring an investment of up to Rs 13 billion, includes equity contributions of 30 percent from GAIL and its   more..


Petronet LNG dividend 2024, record date
May 25, 2024: Petronet LNG dividend 2024: State-owned Oil & Gas stock Petronet LNG Limited has announced a reward for its shareholders for FY24.   Petronet LNG, in an exchange filing, has stated that its board of directors has recommended a dividend of   more..


GPS Renewables & SAF One to Build India’s First Major SAF Facility
May 25, 2024: GPS Renewables, an Indian clean fuels technology company, has announced a strategic partnership with Dubai-based SAF One to construct a significant Sustainable Aviation Fuel (SAF) production facility. This pioneering project aims to produce between 20 to 30 million liters of SAF annually using   more..


Avaada Energy bags 1,050 MWp solar project
May 25, 2024: Avaada Energy on Thursday said it has secured a solar project of 1,050 MWp (megawatt peak) through a bidding process. The auction was conducted by NTPC which is a Renewable Energy Implementing Agency (REIA), Avaada Energy said in a statement. Avaada Energy has won the single largest bid of 1,050   more..


ONGC to build new gas well at Ranaghat
May 25, 2024: State-owned Oil and Natural Gas Corporation (ONGC) announced fresh gas discoveries and record annual profit in 2023-24 even as production volumes dipped slightly. ONGC has entered the current fiscal year on a positive note with new gas finds at Ranaghat-2 Well, located in the Bengal inland   more..


IndianOil Exports Premium Fuel XP100 to Sri Lanka
India’s energy major, IndianOil, exported its first-ever parcel of the superior 100 octane premium fuel, XP100 from Jawaharlal Nehru Port Trust (JNPT), Nava Sheva, Navi Mumbai today. Tailored for premium high-end vehicles, XP100 is set to offer superior performance for its customers in Sri Lanka. This   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
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...

Special Reports
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
Surya P. SethiMay 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. more...

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...

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
bp Appoints Kartikeya Dube As India Unit Chief
Kartikeya Dubebp has appointed Kartikeya Dube as the India unit chief, effective from July 1. He will take over from Sashi Mukundan who will retire from BP after serving the company for over 42 years. artikeya has more...

Mohit Bhatia Takes Over As Director (Commercial) At IGL
Mohit BhatiaMohit Bhatia Has Taken Over As Director (Commercial) Of Indraprastha Gas. He was serving as Chief Executive Officer of Haridwar Natural Gas, a joint venture of BPCL with Gail Gas, at Haridwar before more...

Rashmita Jha (IRS) Appointed As CVO Of NTPC
Rashmita Jha (IRS) has been appointed as the Chief Vigilance Officer (CVO) of NTPC Limited. Rashmita is an India an Indian Revenue Service (IRS) officer of 1997-batch. According to an order issued from the Department of Personnel & Training (DoPT) on April 23, the Appointments Committee of the Cabinet (ACC) has approved 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]
Natural Gas: Still Dreaming Big
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Crude Imports: The High Stakes In A Game Of Russian Roulette
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Sweet Factor Blunts Appeal Of US Crudes
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Greatest Uncertainty Faced By The International Oil Industry
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Foreign Investment
JERA’s Subsidiary In India Begins Operations
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Overseas Investment
Oil PSUs’ Output From Overseas Fields Up
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Gas Scene
India’s LNG terminals Suffer From Low Capacity Utilisation
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Compressed Bio Gas Development In India
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Coal Bed Methane (CBM) gas development in India
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Natural Gas Pipeline Network In India
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India’s Rising LPG Consumption
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Break-Up Of R-LNG, Domestic Gas Consumed by Major sectors Of Indian Economy
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Price Factor Influencing Gas Import Dependency
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Domestic Natural Gas Scene in FY 2023-24
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Sectoral Consumption of Natural Gas (Qty in MMSCM) in February 2024
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Domestic Natural Gas Scene Presents A Bright Picture In February 2024
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Sector-wise Consumption Of Natural Gas
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Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024
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Near Total LPG Penetration Achieved
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India’s Fluctuating Gas Import Dependency
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Gas Transportation Major GAIL’s Physical Performance
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Growing CGD Sales In India
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Domestic Natural Gas Scene In December: Targets Elude, Production, Consumption More
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India’s LNG Import: Import Quantity Shrinks As Prices Go Up
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India’s LNG Import Picks Up As Market Prices Fall
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Sectoral Consumption Of Natural Gas
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Production Targets Confuse Domestic Natural Gas Scene In November
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Petroleum Sector Retains Top Position As Revenue Contributor To Union and State Govts
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India’s Widening Petroleum Industry Marketing Infrastructure
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How Prices Moved In Indian Crude Basket In April 2024?
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Crude Processing Targets, Actual performance
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Share of High Sulphur Crude In Processing Goes Up Sharply
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Production And Consumption Of Petroleum Products In FY ’24
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Crude Oil Import Value Comes Down In FY ‘24
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Ethanol Blending With Petrol Program slows After Touching All Time High
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Stagnating Domestic Crude Oil Production
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Distillate Production In Indian Refineries
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World-Wide Active Rig Count
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Estimated Consumption Of Petroleum Products in FY ‘25
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Petroleum Products Consumption Trend In FY ’24
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Shrinking Domestic Share In Petroleum Products Consumed
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Impressive Growth In Petroleum Products Consumption in FY 24
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Actual Capital expenditure of PSU oil companies In FY 2023-24
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India’s Crude Oil Import Marginally Down In FY 2023-24?
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How Does BPCL’s Marketing Operations And Efficiencies Compare With Other OMCs’?
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OVL’s global footprints, operations and contribution
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Tenders [FREE Access]
PetronetLNG
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