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Shrinking Inventories, Slowing Demand: Sans War Crude Prices Will Drop, Extent Of Fall Uncertain
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The Trump Administration’s Continued Obsession With Russian Oil
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India Increases Imports Of Crude From Venezuela, US Imports Fluctuate
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Indian Govt. To Spend Rs 840 Billion In Search Of Oil In Deep Waters
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India Successfully Manages The LPG Crisis
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Striving To Raise Share Of Natural Gas In India’s Energy Mix
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India Keen To Enhance Share In Global VLGC Fleet
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High Procurement Cost Of Ethanol Triggers Fresh Controversy
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ONGC-OIL Joint Operating Agreement For Exploration Blocks
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India’s Solar Growth Enters A New Era
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Union Cabinet Approves Offshore Exploration Scheme
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Cabinet Approves Gobardhan Scheme
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CPCL Plans Manali Refinery Expansion To 280,000 Bpd
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IOC Launches Indane XTRALITE LPG Delivery Service In Delhi
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Fugro
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Fugro Awarded Three-Year Deepwater ROV Contract In India
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GRSE Bags ONGC Contract To Build Four Platform Supply Vessels
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August 12, 2026: Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y. Click column Special Database for details.
August 11, 2026: What Pushed Up Crude Processing In FY'26?, click column Special Database for details.
August 10, 2026 | Alliance That Could Break With A Corrupt Past | India’s upstream oil and gas sector is dominated by two state-owned enterprises: Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL). The recently concluded Joint Operating Agreement (JOA) between ONGC and Oil India is very significant. If the two partners can bury their hatchets and differences, we could see a turnaround in the fortunes of India’s oil sector. India needs to harness the right people with the expertise to discover oil and gas in its sedimentary basins. The country does not have large hydrocarbon reserves and, therefore, the task of discovering oil and gas is not going to be easy. Until now, India has tended to drill recklessly and has the unenvious record of coming up with the most dud wells. This is a criminal waste of resources and fosters corruption. Click Free Access column Petro Intelligence to read an insightful piece.
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Ethanol blending in diesel fails flash-point test, says Govt
August 12, 2026: Ethanol-blended diesel failed to meet required safety specifications because the addition of ethanol sharply lowered the fuel’s flash point, Minister of State for Petroleum and Natural Gas Suresh Gopi said in the Parliament.
A flash point is the lowest temperature at which a liquid fuel more..
India’s US crude imports head for lowest level since Dec 2024: Here’s why
August 12, 2026: India’s imports of crude oil from the US are on track to fall to their lowest level since December 2024, even as Washington pushes New Delhi to reduce its dependence on Russian oil.
In a post on LinkedIn, Kpler analyst Sumit Ritoliaa cited data to point to the decline in US crude more..
Confidence Petroleum Q1 Results: Net Profit Jumps 206% YoY, EBITDA Margin at 5.96%
August 12, 2026: Confidence Petroleum India Limited reported a consolidated net profit of ₹6,255 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a 206% increase from ₹2,045 lakh in Q1FY25.
On a sequential basis, consolidated net profit rose to 619M rupees from 313M in the previous more..
Oil India targets 1 mn-tonne quarterly crude output as drilling plans gather pace
August 12, 2026: Maharatna firm Oil India is targeting quarterly crude oil production of at least 1 million tonnes, up from around 950,000 tonnes currently, a company official said during an analyst call on Monday (August 10).
The company expects crude oil production to reach 3.9-4 million tonnes in the 2026-27 more..
Kotyark Industries secures Rs 1734.5 million Biodiesel supply order from IndianOil
August 12, 2026: Kotyark Industries has received a large order worth Rs 1734.5 million from Indian Oil Corporation via its eProcurement Portal. The order is for the supply of biodiesel pursuant to Joint Expression of Interest (EOI) No. OMC/EOI/BD/JUN26 (Cycle1), under Tender ID: 2026_MKTHO_190226_1.
The company more..
Waaree Renewable adds 124 MWp solar project to portfolio
August 12, 2026: Waaree Renewable Technologies Ltd (WRTL) has secured a Letter of Award (LOA) for the turnkey EPC execution of a 124 MWp DC solar power project. The project includes an 88 MW AC solar PV plant and a 132/33 kV pooling substation, strengthening WRTL’s utility-scale renewable energy portfolio.
more..
Centre awards 30 KTPA green hydrogen capacity to four oil refineries under National Green Hydrogen Mission
August 12, 2026: The Centre has awarded 30 KTPA of green hydrogen production capacity to four oil refineries under the National Green Hydrogen Mission (NGHM), with projects planned across four regions, as per a statement by the Ministry of New and Renewable Energy.
As per the release, the government under the more..
Petronet LNG Hosts ‘Catalyst’ Meet to Push Finance & IT Transformation
August 12, 2026: Petronet LNG Limited organised its second Finance & IT Meet, named “Catalyst”, on 7-8 August 2026 at its Corporate Office in New Delhi.
The two-day event brought together Finance and IT professionals from across the company’s locations for discussions, brainstorming and 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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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.
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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...
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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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Prashant Singh Elevated As CEO Of ONGC Green
Oil and Natural Gas Corporation Limited (ONGC) appointed Prashant Singh as the Chief Executive Officer (CEO) of ONGC Green Limited. Prashant Singh brings more than three decades of experience in India’s energy sector. As CEO of ONGC Green Limited, he will spearhead the company’s strategic initiatives to expand its more...
Mohit Kumar Agrawal Appointed Dy Secretary In Petroleum Ministry
Mohit Kumar Agrawal, an officer of the Indian Telecommunication Service (ITS), has been appointed as Deputy Secretary in the Ministry of Petroleum and Natural Gas. The appointment is on a central deputation basis under the Central Staffing Scheme (CSS) for a tenure of four years from the date of assuming charge, or until 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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Alliance That Could Break With A Corrupt Past
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Hormuz Becomes A Theatre Of War
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Competitive Pricing Of Oil And Gas luding Indian Consumers
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Why Is US Interested In India’s Energy Sector? Time For Strategic Thinking
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Brookfield’s $ 600 M India-Focused Renewable Energy Platform
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OVL Seeks Operatorship Of Venezuela Oil Blocks
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India’s City Gas Distribution (CGD) sector is expanding rapidly
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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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A Total Picture of India’s Domestic Natural Gas Scene
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Coal Bed Methane Development in India
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Domestic Natural Gas Scene In April 2026
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A Graphic Presentation Of India’s Domestic production of Natural Gas, Consumption, Import dependency
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Natural Gas Pipeline Operators In India, A Graphic Presentation
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Domestic Natural Gas Scene In FY 2025-26
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Domestic Natural Gas Scene In February 2026
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Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
more...
What Pushed Up Crude Processing In FY ’26?
more...
Distillate yield of PSU refineries in the last two years
more...
What Precisely is The Share of Imported Crude In Processed By Indian refineries?
more...
Import, Export Of Petroleum Products Decline In June 2026
more...
Barrel Of Crude Processed In FY ‘26: Products Yield and Their Uses
more...
Analysis Of The Type Of Crude Oil Processed By Indian Refineries In June 2026
more...
World Oil Demand Picture Looks Positive
more...
India’s Crude Oil Imports Continue With The Declining Trend
more...
Indian Crude Basket Price Down & Up In June 2026
more...
India’s Exploration Round NELP Launched In 1999 Has 32 Parties Still Operating
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India’s Overseas Crude Production Up Even As Domestic Production Drops In FY ’26
more...
Petroleum Products Consumption Drops In June 2026
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Consumption Growth of Petroleum Products
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Indian Refineries Love High Sulphur Crudes For Processing
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Stagnating Domestic Crude Production, Its Shrinking Share In Petroleum Products Consumed
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SCI Tender For LNG Fuelled Container Vessels
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