Policy
Oil Majors Set Their Own Pace And Strategies For Energy Transition
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Oil Experts Differ On Likely Impact of Lifting Sanctions Against Iran
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BPCL’s Stake In Petronet LNG Ltd Poses A Fresh Problem
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Consumption Drops Further, Refineries Regulate Their Throughput
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H –Energy’s strategy To Become A Major Player In Gas Market
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Regulation
ONGC, Cyclone Tauktae And Inquiry Committees
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Prognosticated Crude Oil & Natural Gas Resources Of India
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Assam Govt. Committed To NRL, Liquidity A Problem
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India’s Estimated Coal Bed Methane (CBM) Resources
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Alternative Energy / Fuel
NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
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New Projects
McDermott Completes Historic India Subsea Project
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Technip Energies Gets IOC Contract For PTA Plant
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Tata Power Solar Gets NTPC Order To Set Up 210 MW Projects
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Market Watch
Total To Supply LNG For AMNS Steel And Power Plants
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Companies
McDermott International, Inc.
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Gujarat Gas Ltd To Acquire Two CGD Business From GSPL
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Confidence Petroleum’s Unit Acquires Majority Stake In Sarju Impex
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Press Release [FREE Access]
Latest Exclusives

June 22, 2021: Natural gas scene in May 2021 presents a picture better than one in May 2020. Total production was up though below the target’ LNG import was higher compared to the level last year. So was the total availability and consumption of gas. Click column Gas Scene for details.

June 21, 2021: Consumption Growth In Petroleum Products & Natural Gas during pre-pandemic period. Click column Special Database for details.

June 10, 2021 | BPCL Selloff Plan’s Success Hinges On Creation Of Effective Regulator: At one stage, India’s petroleum sector was totally controlled by the public sector. The popular myth that private players inject competition into the market prompted the government more than 15 years ago to license Reliance Industries and Essar to set up refineries. There is no evidence so far that their entry into the downstream sector has benefitted the consumer. The logic behind privatisation of BPCL as explained by petroleum minister Dharmendra Pradhan is that it will inject the much needed competition into the market. The entry of private players as such, Indian or foreign, will not be able to bring about competition. It does not matter who buys BPCL. It can be sold to whoever pays the highest price. The benefit to the market depends on how the government regulates the downstream sector. India has an ineffective downstream regulatory Act. Even worse, it has incompetent regulators. The government will have no role in the downstream oil sector if the regulation is proper. Click Free Access Column Petro Intelligence for a comprehensive piece on the subject.
Today's News [FREE Access]
Green shoots? India returns to LNG spot market after two-month absence
June 22, 2021: India started buying prompt shipments of liquefied natural gas from the spot market after a two-month absence, indicating a rebound in demand as the nation exits a deadly phase of the Covid-19 pandemic. Petronet LNG Ltd. and Indian Oil Corp. awarded tenders for delivery over the next few months,   more..


India looks at non-Opec options to tame oil prices
June 22, 2021: Unreasonable output curbs by oil producers’ cartel, the Organization of the Petroleum Exporting Countries (Opec), have forced India to negotiate alternative long-term supplies from outside the grouping such as the US and Russia amid soaring petrol and diesel rates in the country, two officials familiar   more..


India’s LNG imports continue to drop in May
June 22, 2021: The country received 2.59bn m³ of pipeline gas equivalent (2.06mn t of LNG) last month, down from 2.66bn m³ in April and 2.97bn m³ in March but up from 2.37bn m³ in May 2020. A national lockdown was imposed at the end of March 2020 to curb the spread of the virus, curbing LNG demand in May.   more..


Gulf states will take at least 10 years to end oil dependence: Moody’s
June 22, 2021: Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014-2015 oil price shock, Moody's said. Reliance on the energy sector will be the "key credit   more..


India Offers $100 Million Credit Line to Sri Lanka for Solar Expansion
June 22, 2021: India has extended a Line of Credit (LOC) of $100 million to Sri Lanka to finance projects in the solar sector. A LOC agreement in this regard was signed between the Sri Lankan government and the Export-Import (Exim) Bank of India. With the signing of the latest LOC agreement, Exim Bank, to date, has extended   more..


India looks to double ethanol distillation capacity to achieve 20% blending with petrol by 2025
June 22, 2021: The government hopes to more than double ethanol production capacities in the country, so as to achieve 20 per cent blending with automotive fuels by the year 2025, secretary, Department of Food and Public Distribution, Sudhanshu Pandey, said while briefing the media about ethanol blending with petrol (EBP)   more..


UPA’s Oil Bonds Legacy Hurting Consumers Today: Government Sources
June 22, 2021: Under-recoveries of oil companies were converted into oil bonds by Prime Minister Manmohan Singh's regime, government sources said. A "financial fraud" played by the UPA government (2004-2014) using the instrument of oil bonds is responsible for India's consumers suffering   more..


Petrol and diesel price today 21 June 2021: fuel rates unchanged
June 22, 2021: Prices of Petrol and Diesel were left unchanged on Monday by oil marketing companies. Petrol price in Delhi today stands at Rs 97.22 per litre, and diesel in the capital city is retailing at Rs 87.97 per litre today. Rates have been hiked 27 times since May 4. The price of petrol in Delhi has increased by Rs   more..

Petropulse / Guest Column
To make sense of sensational news covering high petrol and diesel prices
Dr. B hamy V ShenoyDr. Bhamy V Shenoy | March 15, 2021: Under UPA when crude oil price reached a high of $147 per barrel in May, 2008, petrol price in Delhi was around Rs. 50 per liter. On February more...

IOG Exclusive
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...

Special Reports
Future Power Grid Vision - Grid Of Microgrids - Part 1
April 9, 2021: 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 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...

Time for Introspection and redefining wealth and the basis for economic planning
Over emphasis on Gross Domestic Product (GDP) without taking into account the impact to Mother Earth’s Ecological systems (resource abuse) and consideration of equanimity for all has already shown the ill effects all around the world. And worse still is the fact that the sinner does not necessarily pay the price but more...

Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path.   more...

Climate Action- Achieving Green and Inclusive Growth
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 issues with 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...

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
Sanjeev Sahai Picked For PNGRB Chairman Post
Sanjeev SahaiFormer power secretary Sanjeev Nandan Sahai has been selected as the new chairman of oil regulator PNGRB. A Search Committee headed by V K Saraswat, Member (S&T), NITI Aayog, picked up Sahai, a 1986 more...

PESB Recommends Pankaj Kumar For ONGC Director (Offshore) Post
Pankaj KumarThe Public Enterprises Selection Board (PESB) has recommended Pankaj Kumar for the post of Director (Offshore) of state-run Oil & Natural Gas Corporation (ONGC). Kumar is currently serving as an more...

Sanjay Shende Appointed Deputy MD Of MGL
 Sanjay ShendeSanjay Shende has been appointed as Deputy Managing Director of Mahanagar Gas Limited (MGL) subject to the approval of shareholders at the forthcoming general meeting of the company. Shende has a more...

Raman Chadha Takes Over As CEO Of GAIL Gas Limited
Raman ChadhaRaman Chadha, has taken over as Chief Executive Officer (CEO) of GAIL Gas Limited, a wholly-owned subsidiary of GAIL (India) Limited, engaged in the city gas distribution business. Prior to this 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]
BPCL Selloff Plan’s Success Hinges On Creation Of Effective Regulator
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Farzad B: Pawn In The Game Of Geo-Politics
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ONGC: It Is Not A Toss-up Between Privatisation And Atomisation
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Numaligarh Refinery Merger: The New Paradigm In The North East
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Foreign Investment
BP Sets Up New Digital Hub In Pune
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Overseas Investment
INOXCVA Commissions First Ever Multifunctional Mini LNG Terminal
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Gas Scene
Natural Gas At A Glance in May 2021
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Natural Gas Price Trends : Global And Domestic
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Sector-Wise Consumption Of Natural Gas, In April, FY 2020-21
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Domestic Natural Gas Scene In April 2021
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Trends In Natural Gas Price: Global and Domestic
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Gas Sector Presents A Positive Picture In March 2021
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Natural Gas: India’s Increasing Import Dependency
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Domestic Natural Gas Scene In March 2021
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Natural Gas Price Trends: Global and Domestic
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CGD Becomes An Attractive Business In India
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Sector-Wise Natural Gas Consumption In February 2021
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Domestic Natural Gas Scene in February In 2021
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Natural Gas Price Trends: Global & Domestic
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Domestic Natural Gas Scene In January Presents A Dismal picture
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Update: LNG imports over the years and sector-wise consumption of natural gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Consumption Growth In Petroleum Products & Natural Gas during pre-pandemic period
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China, India And Other Asian Countries To Promote Oil Demand
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Indian Drilling Rig Count
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Global Rig Count Goes Down As Crude Price Goes Up
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Import, Export Data For Petroleum Products During April 2021
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Indian Crude Basket Prices In May
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Crude Oil Import Increases In April 2021, OPEC Share Up
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Analysis Of Crude Oil Processed In April 2021
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New Refinery, Capacity Expansion Of Existing Refineries
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Total Picture of India’s Year-wise Total Import and Export of Petroleum Products
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Foreign Direct Investment Inflows Into Oil & Gas Sector
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Consumption of Petroleum Products Trend Analysis - April 2021
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LPG Is The Star Performer During The Pandemic : A Marketing Profile
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Power Situation Influences Diesel Sale
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Petroleum Products Consumption In April 21 Explained
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Production / Consumption Scene of Petroleum Products in April 2021
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Analysis Of Industry Consumption Trend 2020-21
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Indian Drilling Rig Count
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Petroleum Products Export Up In March, Down In FY ‘21
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Oil Demand Forecasted To Increase
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Global Rig Count Goes Down
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Shrinking Power Deficit To Dampen Diesel Sale
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India Petroleum Products’ Import Up In March, But For FY 2020-21, It Is Marginally Down
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Crude Oil Import Declines In March, OPEC Share Significantly Down In FY 2020-21
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Tenders [FREE Access]
Cairn Oil and Gas
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ONGC
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BPCL
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