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 20, 2024: Petroleum Sector Retains Top Position As Revenue Contributor To Union and State Govts. Click Special Database for details. 


May 17, 2024: Though Asia’s largest exporter of petroleum products, India is a major importer of LPG. The government is also promoting use of LPG as a cooking fuel for the weaker sections of the society. The consumption of LPG is consistently rising in India. Click column Gas Scene for details.

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 column Special Reports to read a brilliant piece.

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]
Nayara Energy reports 48% jump in petrol sales in Q1, exports drop
May 20, 2024: Nayara Energy, India's largest private fuel retailer, posted a 48 per cent jump in petrol sales in the first quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. In the January-March quarter, Nayara sold 70 per cent of all petroleum products it   more..


Reliance Seeks Access To ATF Pipelines, Storages Of PSU Oil Firms
May 20, 2024: Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia's busiest airports. Reliance, which   more..


As Russian discounts fall, Indian state and private refiners join hands to negotiate better terms
May 20, 2024: With discounts on Russian crude oil dwindling, India, in a first such effort, has brought together state-owned and private oil refiners to jointly negotiate for higher discounts and better terms with Russian suppliers, including Russia’s largest oil company Rosneft PJSC. The government-led   more..


IOCL exports premium fuel to Sri Lanka
May 20, 2024: Indian Oil Corporation Ltd. (IOCL) on Saturday exported its first-ever consignment of 100 octane premium fuel, XP100 to Sri Lanka. The product is tailored for premium high-end vehicles. Flagging off the shipment at the Jawaharlal Nehru Port Trust in Mumbai, V. Satish Kumar, Director (Marketing),   more..


Amlekhgunj-Lothar petroleum pipeline set for extension
May 20, 2024: The work of extending the petroleum pipeline from Amlekhgunj in Bara to Lothar in Chitwan will start soon. According to Nepal Oil Corporation, after the completion of the Motihari-Amlekhgunj pipeline, it will be extended to Lothar. Binitmani Upadhyay, head of Amlekhgunj, Madhesh regional office of   more..


Tide Water Oil Dividend 2024: Shareholders to get Rs 348.5 million on THIS date
May 20, 2024: Tide Water Oil Dividend 2024: Tide Water Oil Co. (India) has announced final dividend of 1000% (Rs 20 per share) for the year ended March 31, 2024. The board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2024 Tide Water Oil Q4 FY24   more..


India greenlights massive green hydrogen and electrolyser production projects
May 20, 2024: India has taken a significant step in green energy by awarding tenders for 412,000 tonnes of green hydrogen production and 1.5 GW of electrolyser manufacturing, according to the Ministry of New & Renewable Energy (MNRE). Speaking at the World Hydrogen Summit 2024 in the Netherlands, MNRE   more..


Hydrogen-enriched CNG may come to India soon
May 20, 2024: Fossil-fuel powered vehicles are seen as a major culprit for air pollution despite its small contribution. The whole world is already undergoing a complete overall due to COVID and some new changes may be seen in the transport sector in India soon. The current BS6 emission norms were tough to comply by and now   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 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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PetronetLNG
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