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ContinuedShipping Disruptions Can Send Crude Prices To $ 120/Barrel, Say Experts
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Algeria Likely To Continue As A Regular LPG Supply Source For India
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India Ramps Up LNG Imports Even As Spot Prices Rise
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OMCs Incur Heavy Losses InQ 1ASRefineries make All Time High GRMs
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ONGC Takes The Plunge: Accelerates Deepwater Exploration
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GAIL, IGX Clash Over A Separate Booking Platform For LNG Terminal Capacity
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Coal Gasification Investors Facing Uncertainty Over Assured Off-take Commitments
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Significance Of ONGC’s Ashoknagar Oil Field
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India’s Obsession With Self -Sufficiency In Oil
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Wind Energy’s Expanding Role In India
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Inox Wind Wins Rs. 7.55 Billion IOCL Contract For 100 MW Wind Power Project
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SC Lets Oil India File Fresh Plea Over Drilling Project In Assam
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Smart Meters Set To Transform Domestic Piped Gas Billing
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Seabird Exploration Plc
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Vedanta Oil &Gas Partners With Beicip-Franlab
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Asian Energy Services Empanelled By Oil India For Seismic Data
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NALCO-GAIL In Long-Term Agreement For Reliable Supply Of Natural Gas
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- BPCL and IIT Kanpur Host MC²+ Ignite Outreach Event to Accelerate India’s Energy Innovation Ecosystem
- BPCL and Akasa Air Successfully Operate Commercial Flight Using Sustainable Aviation Fuel (SAF)
- Tata Power Solaroof Surpasses 5 Lakh Rooftop Solar Installations; Facilitates Over ₹85 Billion in Solar Financing
- ABB and Rolls-Royce SMR sign MoU on nuclear small modular reactor collaboration
- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
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September 16, 2026: Petroleum Products: Decline In Imports, Surge In Exports In July 2026. Click column Special Database for details.
September 15, 2026: Domestic Natural Gas Scene In July 2026. Click column Gas Scene for details.
September 14, 2026: India has been expanding its refining capacity in a big way in the last 20 years but of late, the only capacity addition was HPCL’s Rajasthan refinery. Last week Cochin Refinery announced a plan for expansion. click column Special Database for an update of the country’s refining capacity.
September 10, 2026 | LPG: Need To Find Ways To Avoid Future Shocks : India
is one of the world's largest consumers of cooking gas. It has over 330 million
domestic and subsidized household LPG connections. Why does India have to
depend so much on LPG imports when it exports between $65-85 billion worth of
refined petroleum products every year? India has the 4th largest refining
capacity globally, anchored by the massive facilities available at Reliance
Industries' Jamnagar refinery. An LPG supply crisis of such magnitude has
occurred for the first time. But it can happen again because the geopolitical
situation still rests on a tinderbox. Click Free Access column Petro
Intelligence to read an insightful piece.
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BP looks for bigger play in oil exploration
September 16, 2026: BP is looking to widen participation in India's oil and gas exploration sector and is planning to work with partners on new exploration opportunities as govt opens up a larger part of the country's offshore acreage for drilling.
BP chairman Kartikeya Dube told TOI that the company more..
Indian Crude Oil Basket Hits $128.70, Highest Since April
September 16, 2026: The Indian crude oil basket has surged to $128.70 a barrel, its highest level since April, a move that has almost doubled the price India pays for crude since July 2 and carries significant implications for stocks, key sectors and the Reserve Bank of India’s policy stance.
Data showed more..
Afcom Holdings Signs Long-Term Aviation Fuel Supply Agreement with HPCL
September 16, 2026: Afcom Holdings Limited (AFCOM), (BSE – 544224), one of India’s growing international cargo airlines, has signed a long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation Limited (HPCL), a Government of India Maharatna oil and gas company with a nationwide aviation fuelling more..
LNG Demand in China and India Could Surge When Prices Normalize
September 16, 2026: Depressed LNG demand in recent months in China and India is the result of spiking LNG prices due to the Middle East conflict, and consumption in the key Asian gas import markets is set to rebound once the war ends and prices normalize, industry executives say.
The war in Iran and the more..
India, China Look To Expand Energy Ties After BRICS Summit
September 16, 2026: India and China discussed expanding cooperation across oil and gas, new energy and low-carbon development during a meeting between Petroleum and Natural Gas Minister Hardeep Singh Puri and China National Petroleum Corporation (CNPC) Chairman Dai Houliang in New Delhi, as per media reports.
more..
Sri Lanka’s fuel distributors ask Dissanayake to intervene as Lanka IOC, Sinopec cut diesel deliveries
September 16, 2026: Fuel stations across Sri Lanka are receiving less diesel than they order, and the distributors who run them have taken the problem to the country's President. The Fuel Distributors' Association said on Monday that three private suppliers — Indian Oil Corporation's local subsidiary Lanka more..
MNRE offers up to 50% capex support for industrial solar thermal pilots
September 16, 2026: Indian industry burns fossil fuel to make heat, and the Ministry of New and Renewable Energy (MNRE) wants pilot projects that show solar can take some of that load. The ministry has issued a call for proposals seeking concentrating solar thermal (CST) installations built into working industrial processes. more..
Akasa Air and BPCL successfully operate commercial flight using SAF
September 16, 2026: Akasa Air, India’s fastest-growing airline, successfully operated a commercial flight using conventional aviation turbine fuel blended with 1% sustainable aviation fuel (SAF), supplied by Bharat Petroleum Corp. Ltd. (BPCL) on Sept. 8, 2026. The flight departed Chhatrapati Shivaji Maharaj more..
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Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy
 August 26, 2026: Soon after the West Asia war started, many
oil pandits (including me) forecasted oil prices jumping to $200 per barrel
from more...
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Time To Review Crude Sourcing Strategy
By R. Sasankan
The petroleum
industry is in a state of ferment. As the geopolitical crisis escalates and the
world economy starts to slow down, the demand-supply equation in crude oil has
been thrown out of kilter.
Crude oil prices have started to more...
India should establish an autonomous Energy Institute
by
Bhamy V. Shenoy*
Soon after the start of Israel-US
versus Iran war on February 28 and the blocking of strait of Hormuz, global oil
supply was reduced at least by over ten million barrels per day based on IEA
report. Magnitude of the supply loss was far worse than during the more...
Time To Rework Crude Import Strategy
By R. Sasankan
The war in Iran has dragged on for more than
six weeks - longer than President Donald Trump had anticipated. A brittle
two-week ceasefire has settled over the conflict zone as negotiators from both
sides prepare to resume peace talks with the outcome uncertain more...
India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V.
Shenoy
The oil shock
from the US-Israel war against Iran affecting every country excepting Russia is
the worst one by any standard. Still, international oil market has managed
reasonably well so far in terms of oil prices. After a month, oil prices have
gone up only more...
No Need To Expand Oil Caverns
By R. Sasankan
The war in Iran has entered the third week,
triggering a massive disruption in oil and gas supplies through the Strait of
Hormuz. Over a quarter of the world's oil supplies flow through the critical
chokepoint in the Persian Gulf. There is no indication when the more...
The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan
The alarm bells have gone off in India's petroleum industry after a
recent report prepared by Integrated Global Services (IGS) claimed that
the country's downstream oil and gas industry is close to breaking point
because of its ageing energy infrastructure more...
Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy
In what way the above title has
any relevance to readers who are interested in oil and gas sector or energy
sector in general? This is an obvious question. I should be able to convince
the doubters easily.
I asked AI a question: What more...
Andaman Basin: Time to Dial the Russians
By R. Sasankan
India's upstream
companies are swarming all over the Andaman Basinto find oil and natural gas
reserves in what promises to become the country's new energy frontier. The buzz
around the Andamans basin - which lies in the junction between the Indian more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan
There
is an unexplained Paradox in India's petroleum sector: when global crude oil
prices tumble, consumers are robbed of their legitimate benefits at the pump.
Oil refiners coolly pocket the resulting profits, and the government actively
supports that more...
Natural Gas: Little Glimpse Of The Dream
By R. Sasankan
Greek mythological figure Sisyphus was condemned by the gods to
an eternal punishment where he must push a large boulder up a mountain,
only for it to roll back down to the bottom just as it nears the top.
The plight of India's energy planners more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
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.
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...
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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 Verma Chosen As RCE Of Oil India
Sanjay Verma is set to become Resident Chief Executive in Dulijan effective, October 1. He has extensive experience ofleading operational projects, asset management, and corporate initiatives within India's oil and gas sector. He is a mechanical engineering graduate from Assam Engineering College and joined Oil India in more...
Adani Total Gas Appoints Preyash Jhaveri As CFO
Adani Total Gas has appointed Preyash Jhaveri as Chief Financial Officer, effective September 3, 2026. The Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee. Jhaveri, who has been with the company since 2007, served as Interim Chief Financial Officer since more...
Atul Gupta Gets Three-Month Extension At EIL
The Ministry of Petroleum & Natural Gas has approved a three-month extension of the additional charge of Director (Commercial) at Engineers India Limited (EIL) for Atul Gupta, Chairman and Managing Director of the company. Gupta will continue to hold the additional responsibility from September 30 for three months. 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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LPG: Need To Find Ways To Avoid Future Shocks
more...
India Must Face Down Trump’s Tariff Threats
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Alliance That Could Break With A Corrupt Past
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Hormuz Becomes A Theatre Of War
more...
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Inox Clean Energy to Acquire Vena Energy India Platform
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ONGC Videsh Team Inspects Venezuelan Oil And Gas Assets
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Domestic Natural Gas Scene In July 2026
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Who Owns How Much Share In India’s Natural Gas Pipelines
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India Diversifying LNG Import Sources
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Indian Natural Gas Spot Price for Physical Delivery
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Domestic Natural Gas Production Exceeding Targets?
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Where Does India Figure Globally In LNG Imports?
more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
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Global Natural Gas Price Trends
more...
India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
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Domestic Natural Gas Scene In May 2026
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Sector-Wise Consumption Of Natural Gas In India
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Domestic Natural Gas Scene In May 2026
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Petroleum Products: Decline In Imports, Surge In Exports In July 2026
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India’s Refinery Expansion Pace Has Slowed Down
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Domination of state-owned Companies (PSUS) in Petroleum retail outlets Continue Undiminished
more...
Analysis Of Crude Processed In Indian Refineries In July 2026
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India’s Crude Imports Jumps In July, Import From OPEC Down
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A Graphic Presentation Of India’s Petroleum Products Consumption
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Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries
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Why India’s Share of High Sulphur Crude Consistently Rising In Processing?
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Trend In Petroleum Products Consumption So Far During FY 2026-27
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Distillate Yield In India’s State-Owned Refineries
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Moderate Consumption Growth In Petroleum Products In July 2026
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Sharp Fall In India’s LPG Consumption During April-July 2026
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Fuel & Loss In Indian Refineries In FY’26
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Fluctuating Levels Of India’s Petroleum Products Surpluses
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Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
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What Pushed Up Crude Processing In FY ’26?
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Distillate yield of PSU refineries in the last two years
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What Precisely is The Share of Imported Crude In Processed By Indian refineries?
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