Retail Price Reduction Of Petrol, Diesel Disappoints The Public more...
India Opens Up Almost All No-Go Areas For Oil & Gas Exploration more...
Indian Companies Turning To Ethane As Petrochemical Feedstock more...
PNGRB Working On Roadmap For Hydrogen Transportation more...
India’s Demand For Transportation Fuels Continues To Grow Ahead Of Rest Of The World more...
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India Dilutes Its Push For Rupee Payment For Crude Import more...
With 5 MTPA FSRU: India’s LNG Regassification Terminal Sector To Enter A New Phase more...
Oil India Hires Dolphin Drilling For Its Andmans Drilling Program more...
Did Tesla Influence India’s E-Vehicle Policy? more...
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The Promise And Potential Of Hydrogen more...
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Foundation Stone For Petrochemical Complex Laid more...
PM Modi Inaugurates 2 Flagship Pipeline Projects Of OIL more...
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Ethanol 100 Fuel Launched By Petroleum Minister Hardeep Singh Puri more...
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Asian Energy Services Limited more...
Bharat Petroleum Inks Deal With BP To Buy US Crude more...
NRL’s Liaison Office Inaugurated In Dhaka more...
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March 28, 2024: India’s export of petroleum products registered a 14.8 per cent increase in February 2024. Jet fuel which is called Aviation Turbine Fuel (ATF) contributed significantly to the export performance. In import of products, LPG and petcoke continued to be major players. Click column Special Database for details of import and export of petroleum products.
March 27, 2024: Though dominated by state-owned companies, India’s refinery sector has private and Joint Venture players as well. These refineries process both imported and domestic crudes. These crudes can be of high sulphur and low sulphur. Click column Special Database for details.
March 26, 2024: Greatest Uncertainty faced by the International oil industry: The list of uncertainties in energy sector in general and petroleum in particular is simply mind boggling. Highly unlikely that Artificial Intelligence will be able to come up with the ultimate answer as some pundits may claim, says energy expert Dr Bhamy Shenoy. BP had predicted in 2019 that the world oil demand has already peaked. It turned out to be a wrong prediction. IEA differs in its projection. OPEC’s oil demand projection for 2045 is 116 mmbd, diametrically different. With all these uncertainties of how future oil supply/demand will unfold, planning in oil industry has become extremely difficult. Since the beginning of oil era, oil industry has never faced this kind of uncertainty. Click Free Access column Petro Intelligence for details.
Column Policy discusses five subjects. The recently announced retail price reduction of petrol and diesel turned out to be a big disappointment for the public; A commercial oil and gas discovery has been eluding India for long. Will the decision to open up 99 per cent of the No-Go areas for exploration make a difference? Ethane is in the news with Indian companies turning to Ethane as petrochemical feedstock; Downstream regulator PNGRB Working On Roadmap For Hydrogen Transportation; India’s demand for transportation fuels continues to grow ahead of rest of the world.
Column Regulation has four subjects. Also, exclusive reports in almost all columns.
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OPEC expects share of Indian oil imports to rise again
March 28, 2024: OPEC is set to win a bigger share of India's oil imports in coming decades due to the proximity of its supplies, the producer group's head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil.
The share of oil from the Organization of the more..
When will India’s oil demand peak? The govt’s calculating
March 28, 2024: India is working on a plan for estimating the timeline for peak oil consumption, said two people aware of the development, in a move that could impact the global oil economy architecture.
The modelling exercise undertaken by the Petroleum Planning & Analysis Cell (PPAC), an agency under the more..
Reliance leads rise in Indian shares; realty stocks extend rally
March 28, 2024: Indian shares rose on Wednesday led by heavyweight Reliance Industries after Goldman Sachs set a Street-high price target, while a rally in realty stocks on rising housing sales also aided sentiment.
The blue-chip NSE Nifty 50 index settled 0.54% higher at 22,123.65, while the BSE Sensex rose more..
GAIL (India) Signs MoU To Explore Import Of U.S. Ethane; Global VLEC New Orderbook Continues To Expand
March 28, 2024: GAIL, India’s primary natural gas supplier, signed a memorandum of understanding (MoU) on March 7, 2024, with the Indian Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) to explore opportunities for the import of U.S. ethane and the development of associated infrastructure. GAIL more..
Vitol’s 2023 LNG volumes rise on European demand
March 28, 2024: Energy trader Vitol reported higher liquefied natural gas (LNG) volumes for the last year due to higher demand in Europe.
Vitol said in its full-year report that its traded LNG volumes increased to 17.6 million tonnes of oil equivalent (13.7 million tonnes of LNG) as the company’s more..
NTPC Group ties up JPY 30 billion funding from JBIC
March 28, 2024: NTPC group has entered into foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC), the Japanese Government policy-based financial institution, aggregating JPY 30 billion (Aprox.. USD 200 million/Rs. 16.50 billion) i.e. JPY 15 billion each for NTPC Limited and NTPC more..
Adani Green Energy operationalizes 180 MW solar power plant in Rajasthan
March 28, 2024: Adani Green Energy Limited (AGEL) announced that it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The solar plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), the company said adding that it will produce approximately 540 more..
Indosol Solar unveils cutting-edge plant in Andhra Pradesh
March 28, 2024: A division of Shirdi Sai Electricals (SSEL), Indosol Solar has opened an innovative plant in Andhra Pradesh to manufacture solar modules. This state-of-the-art production line, situated on roughly thirty acres of allotted land, represents a noteworthy turning point in the development of renewable energy in 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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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
by Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs.
Petrol and diesel 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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Rashmi Govil Takes Over As Director (HR) of IndianOil
Rashmi Govil has taken charge as Director (Human Resources) at Indian Oil Corporation Limited (IndianOil), Prior to this, she was serving as Executive Director (HRD & Employee Relations) at the more...
Shah Appointed Additional Director Of Adani Gas
Mukesh Shah has been appointed additional director of Adani Total Gas Ltd for a period of three years. Mukesh M. Shah, Chartered Accountant, M. Com. LL.B., FCA, is the Founder of the firm Mukesh M. Shah & Co. and Managing Partner, with more than 30 years’ experience. Under his leadership the firm has grown from 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.
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Greatest Uncertainty Faced By The International Oil Industry more...
Calling The Bluff On India Busting Russian Sanctions more...
MRPL: Asserting Its Bragging Rights more...
Halving Of OMCs Budget And Unchanging Petrol And Diesel Prices: Are They Connected? more...
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AESL Wins Significant Contract For Py3 Field Installation Project more...
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ONGC Videsh To Get Some Oil From Venezuela In Lieu Of $600 Million Dividend more...
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Domestic Natural Gas Scene Presents A Bright Picture In February 2024 more...
Sector-wise Consumption Of Natural Gas more...
Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024 more...
Near Total LPG Penetration Achieved more...
India’s Fluctuating Gas Import Dependency more...
Gas Transportation Major GAIL’s Physical Performance more...
Growing CGD Sales In India more...
Domestic Natural Gas Scene In December: Targets Elude, Production, Consumption More more...
India’s LNG Import: Import Quantity Shrinks As Prices Go Up more...
India’s LNG Import Picks Up As Market Prices Fall more...
Sectoral Consumption Of Natural Gas more...
Production Targets Confuse Domestic Natural Gas Scene In November more...
Shale Gas & Oil Eluding India more...
Domestic Natural Gas Scene in October 2023 more...
Natural Gas Price Trends: Global And Domestic more...
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Import and Export of petroleum products more...
Analysis Of Type Of Crude Oil Processed By Refineries During April-February 2023-2024 more...
Crude Import Down In February, Russian Crude Share In Cumulative Import Still Strong more...
Sharp Reduction In GRMs Of Indian Refineries more...
Oil Marketing Company BPCL’s Refineries Performing Remarkably Well more...
Oil India’s 3 Major Overseas Projects more...
BPCL Finalises Strategic Aspirations For The Next Five Years more...
Refining Margins In Global Hubs Show Mixed Trends more...
Global Oil Demand Growth Forecast For 2024 Remains Unchanged more...
Indian Crude Basket Prices In February 2024 more...
Petro chemical Sector Ensures Stability In Naphtha Demand Growth more...
Banned Pet Coke In Great Demand in India more...
India’s Ambitious Ethanol Blending With Petrol Program. New Confidence Visible more...
When Will Kerosene Be Out of Indian Households? more...
What Has Been The Consumption Trend of Petroleum Products During Current FY? more...
Region wise Power Supplied vs requirement for January 2024 more...
Impressive Growth In Petroleum Products Consumption more...
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