|
Uncertainty Over Bharat Petroleum’s Privatisation Deepens
more...
Clash Of Titans: Correlation Between Energy Demand And GDP Growth?
more...
Mozambique Block Acquisition Subjected To Intense Scrutiny
more...
India’s Oil Sector Needs A Dedicated Disaster Management Team
more...
Why Asia’s Largest Petroleum Products Exporter Importing MS?
more...
|
|
Hague’s Ruling In Vodafone’s Case Boosts Cairn Energy’s Morale
more...
Natural Gas Price Reduction Lands ONGC, OIL In Trouble
more...
E&P Minor HOEC In Deep Trouble, Faces Huge Debt Liabilities
more...
CAPEX Utilisation Of Oil & Gas Companies Far Below Target
more...
|
|
Rockefeller Foundation To Develop Microgrids In India
more...
|
|
Rolls-Royce To Deliver 29 MW Gas Power Plant For Dhamra LNG Terminal
more...
Mehsana - Bhatinda Pipeline Nears Completion
more...
|
|
India To Overtake China As World’s Largest LPG Residential Market By 2030
more...
|
|
Honeywell Automation India Ltd
more...
IGL Provides 2,72,000 New PNG Connections
more...
GAIL In Talks With IL&FS & GIP For A Stake In ONGC Tripura Power
more...
Torrent Gas To Invest Rs 80 Billion In City Gas Business
more...
|
|
- Daniel Yergin: Electric Vehicles Will Dominate New Car Sales in Coming Decade--But Gasoline Will Still Rule the Road in Terms of Total Cars in Use
- Total, BP lead charge in green strategic shift
- Schlumberger’s still sees revenue declines with marginal balance sheet improvements
- AR has potential to disrupt future oil and gas operational functions
- ICR announces significant Chemical Injection contract awards
- Dresser Natural Gas Solutions Launches Multipoint Injection for Texsteam Pumps
- Asia to lead global ethylene capacity additions by 2024, says GlobalData
- Global Energy, Utilities And Mining Sectors To Gain Ultra-Low-Bandwidth Remote Monitoring Solutions From Harvest Technology Group Agreement With AST And INMARSAT
- Feedstock optimization and prospect of netting steady revenues enabling integrated refineries
- Oilfield Helping Hands to host WYO Bash in Casper, Wyoming
- Russia to dominate global working gas capacity additions by 2024
- BASF regains lead in ICIS Top 100 Chemical Companies ranking
- CFSR Newsletter July-August 2020
- ONGC declares results for Q1 FY’21; posts net profit of ₹ 4.96 billion despite depressed prices
- CORTEC launches new CX-RV2.6 Pneumatic Pressure Relief System
- IHS Markit: World Oil Demand Expected to Plateau Just Below Pre-COVID Levels
- ADNOC Group CEO on the “Robust Return of Oil Demand”; 2020’s Largest Energy Infrastructure Deal; the Fourth Industrial Revolution and the UAE’s Competitive Position in the Energy Future
- IHS Markit: Venezuela Oil Production Near Zero
- IHS Markit: Oil Price Outlook Strengthens Through 2021; Markets Approach Key “Pivot Point” of Recovery
- Greenhouse Gas Intensity of Oil Sands Declined 20 Percent Over Past Decade, IHS Markit Analysis Confirms
- BP to move heavily in acquisitions & divestments to deliver new strategy
- Shell’s market outlook yields optimistic margins for its low energy carbon future
- Canadian Oil Sands Longer-Term Production Outlook Changes Little Despite "COVID-19 Shock" and Large Annual Decline in 2020
- Siemens compressors selected for gas reservoir storage project with Saudi Aramco
- Schlumberger’s outlook for stability and future growth supported by severe cost cutting measures
- Canadian Oil Sands Longer-Term Production Outlook Changes Little Despite "COVID-19 Shock" and Large Annual Decline in 2020
- Total and Indian Oil Form Joint Company in India to Offer High-Quality Bitumen Derivatives
- The energy mix: Ministerial roundtable on Iraq, latest updates to IEA annual statistics
- Microsoft EVP Jason Zander: Digital Transformation Accelerating Across Energy Spectrum; Being “Carbon Negative” by 2030; The Next Frontiers of Quantum Computing and Increasingly Sophisticated Cyber Threats
- DORIS Group, AVEVA and Schneider Electric Join Forces to Create Digital Twin Alliance to Address Complex Digital Transformational Challenges for Upstream Oil & Gas Sector
- Venezuela’s oil and gas sector sees worst crisis during 2020
- Aramco downstream consolidation is a timely move
- Over $5 Billion in Investments Focused on the Smart Home Energy Management System, According to Lux Research
- Royal Dutch Shell CEO Discusses Getting to Net-Zero Emissions in 2050; the Importance of Being “In Step” with Society; the “Knock” on Future Demand and on Maintaining “Financial Resilience” in a Crisis
- Production of Carbon-Free “Green” Hydrogen Could Be Cost Competitive by 2030, IHS Markit Analysis Says
- Subsea production systems expand boundaries of deepwater hydrocarbon E&P
- Electric Manipulator Breakthrough from Saab Seaeye
- Energy Companies Begin Turning to Renewables to Power Oil and Gas Operations, New IHS Markit Research Shows
- Petrofac successfully implements SkillsVX software for Valaris
- Walter Isaacson Interviews MIT President Emerita Susan Hockfield on Overcoming the COVID-19 “Diagnostics Deficit” and How Convergence of Biology and Technology Will Drive 21st Century Innovation - CERAWeek
- Subsea production systems expand boundaries of deepwater hydrocarbon E&P - Corrected title in chart
|
|
|
October 21, 20210: Oil Import: Volume and Value, an update. Click column Special Database for details.
October 20, 2020: Global rig count went up marginally in August. So did India’s. Click column Special Database for details.
October 19, 2020: Global gas market saw different trends across different geographies. Gas price in the Henry hub went up by 31.6% in August. Natural gas prices in Europe went up by 58.9%. Asian LNG prices jumped to a more than four-month high. Click column Gas Scene for details.
October 12, 2020 | Prudent To Put BPCL Privatisation On Hold: The Mumbai-based, Bharat Petroleum Corporation Ltd (BPCL), has the reputation of being an efficiently run company with solid assets. Its privatisation process was initiated well before the entry of Covid-19, but the plan has stuttered from the start. The government has once again extended the deadline for Expression of Interest. In the contemporary reality of global energy, it is highly unlikely that the government will get a decent value for the assets that BPCL has on the ground. Another reality is that no matter which party is in power in New Delhi, India does not wish to establish an independently-regulated competitive energy market. Click Free Access column Petro Intelligence to read an insightful piece on the subject.
|
|
Moody’s places Vedanta Resources under review for downgrade
October 21, 2020: Moody's Investors Service on Tuesday placed Vedanta Resources Limited's rating under review for downgrade following its failed attempt to delist Indian listed subsidiary. Moody's placed the London-based firm's B1 corporate family rating (CFR) under review for downgrade. The same action was more..
CPSEs told to meet 75% capex target by December
October 21, 2020: Finance Minister Nirmala Sitharaman on Monday exhorted large central public sector enterprises (CPSEs) to achieve 75% of their planned capital expenditure (capex) target for FY21 by December, to support economic growth impacted by the COVID-19 crisis.
She held a virtual meeting with more..
Higher Petroleum Taxes Rescue Govt’s Biggest Ever Economic Package
October 21, 2020: The government is depending heavily on taxes levied on petrol and diesel to finance its biggest ever Rs 20000 billion economic package announcement by Prime Minister Narendra Modi in May to revive the economy hit hard by Covid-19 pandemic.
Sensing the enormity of the situation and the need for more..
Reliance says India will fully shift to renewable energy in few decades
October 21, 2020: Reliance, which operates two giant refineries with a combined capacity of 1.4 million barrels per day in western India, aims to become a net zero carbon company by 2035.
India will fully move away from fossil fuels to renewable energy in the next few decades, the chairman of Reliance more..
Gujarat to Empanel Contractors for Biogas Projects
October 21, 2020: The Gujarat Energy Development Agency (GEDA) has floated an empanelment tender for large-sized biogas projects in the state. The contract will also include the running and maintenance of the project for 10 years. The last date to submit the bids is November 02, 2020, and the opening of bids will take place more..
MRPL board nods acquisition of ONGC Mangalore Petrochemicals from ONGC; stock climbs 2%
October 21, 2020: State-owned Mangalore Refinery & Petrochemicals (MRPL) has bagged board of directors approval for the acquisition of stakes in ONGC Mangalore Petrochemicals Limited (OMPL) from another state-run company Oil and Natural Gas Corporation (ONGC). Notably, OMPL is also a subsidiary of MRPL.
more..
Seamec Ltd announces drydocking of Vessel - SEAMEC II
October 21, 2020: Seamec Ltd's vessel SEAMEC II which is at present under a long term charter with ONGC has left Mumbai on 20th October, 2020 at 1215 hours for undertaking its Statutory Drydocking at Drydocks World, Dubai, UAE.
The estimated period is not exceeding 75 days which includes docking, transit to more..
Crude oil futures decline on low demand
October 21, 2020: Crude oil futures on Tuesday fell by 0.17 per cent to Rs 3,013 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 5, or 0.17 per cent, to Rs 3,013 per barrel with a business volume of 3,621 lots.
more..
|
|
Currently cost to subsidize kerosene and LPG is Zero: Will NDA dare to end Subsidy Raj?
By Bhamy V. Shenoy
Eve ry day we hear of dreadful stories of pandemic -
not just the sad stories of the worsening death rate, but also the suffering more...
|
|
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...
|
|
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...
Vedanta’s Various Projects Under Implementation in the Rajasthan Field
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...
|
|
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...
|
|
H Shankar Is New Director-Technical, CPCL
 H Shankar has assumed office as Director (Technical) of Indian Oil group company Chennai Petroleum Corporation Ltd (CPCL). He succeeds R Srikanthan who retired on attaining the age of superannuation on September more...
Engie Appoints Oil Services Executive To Execute New Renewables Strategy
 Engie of France has appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. MacGregor, 48, is a French national who more...
Dr Shamasundar Appointed President Of RGIPT
 The Ministry of Petroleum & Natural Gas (MoPNG), has appointed Dr. S. Shamasundar as President of the Rajiv Gandhi Institute of Petroleum Technology’s Board of Governors (BoG). This more...
|
|
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 |
|
|
Prudent To Put BPCL Privatisation On Hold
more...
Aramco Must Juggle With Three Tough Investment Options
more...
Refinery Politics: Where Will Aramco Commit Its Money?
more...
Aramco’s Due Diligence: The new twist in a riveting ‘Sop Opera’
more...
|
|
Gulf Oil Lubricants In Strategic Partnership With S-Oil Of South Korea
more...
|
|
India Plans $6-Billion Refinery Project In Myanmar
more...
BPCL Pays For Defaulting Videocon In Brazil Oil Block
more...
|
|
Global Natural Gas Price Trends
more...
Sector-Wise Consumption Of Natural Gas In August 2020
more...
Domestic Natural Gas Scene In August 2020
more...
Natural Gas Price Trends: Global And Domestic
more...
Recoverable Coal Bed Methane Reserves
more...
Import of Liquefied Natural Gas (LNG)
more...
Natural gas price trends: Global & Domestic
more...
Sector-wise Consumption Of Natural Gas In June 2020
more...
Changing Fortunes of India’s LNG Regasification Terminals
more...
LNG Consumption By Power Sector Jumps, Power Consumption drops
more...
India’s Rising Gas Import Dependency
more...
Sector Wise Demand And Consumption Of Natural Gas
more...
Competiveness Of Pipelines vs LNG
more...
Transnational Pipelines - Operating or Under Construction
more...
CGD Growth Over The Years
more...
India’s Increasing Gas Import Dependency
more...
|
|
Oil Import: Volume and Value, an update
more...
Indian Rig Count vs. Indian Basket Crude Price (August 2020)
more...
Distillate Yield & Specific Energy Consumption
more...
Global Upstream activity, Rig Count Up
more...
Indian crude oil basket price in $ per bbl (September 2020)
more...
Product-wise Consumption Growth Of Petroleum Products
more...
Power supplied and deficit: Region-wise position for August 2020
more...
Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index
more...
An update of the status of blocks awarded under OALP and DSF rounds
more...
Fuel & Loss In Indian Refineries: An Update
more...
Petroleum Products Import marginally Up in August 2020
more...
India’s Crude Oil Import Falls In August 2020
more...
Crude Oil Processing In August: Share of Domestic Crude Up, High Sulphur Crude Down
more...
Petroleum Products Consumption Makes 83.3% Recovery In August
more...
Gross Refining Margins (GRM) Of Refineries during April-June 2020
more...
Drilling activity in India in July 2020
more...
Specific Energy Consumption of PSU Refineries - An Update
more...
Crude Oil and Natural Gas Production in North-East
more...
Upstream activity And Declining Global Rig count
more...
India’s Rising Self-Sufficiency Petroleum Products
more...
Prices In Indian Crude Basket In August 2020
more...
Expansion of Existing Refineries & Refining Capacity Addition over the years
more...
|
|
|
