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Crude Oil Prices May Stay In The $ 70 -75/Barrel Range In 2025
more...
The Blocking Of Russian Gas To Europe To Transform Global Gas Market And Impact India
more...
Rosneft Signs Landmark Agreement for Crude Supply to India
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AG&P Making Inroads Into India’s Gas Market
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India’s Refinery Capacity Additions To Be Integrated With petrochemicals
more...
HPCL Lays Out Expansion And Diversification Plans
more...
Commercial Production Of Green Hydrogen As Transport Fuel Unlikely In The Immediate Future
more...
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India To Dominate Oil, Gas Transmission Pipeline Length Additions in Asia
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Regulator Pushes For Natural Gas As A Cleaner, Greener Energy Solution For India
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Auto LPG In India Faces An Uncertain Future
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Consistent Confusion Over Locating Oil India’s Corporate Head Quarters
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Rising Domestic Demand Enhances The Stature Of India’s Lubricants Market
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Factors Behind The Consistently Rising Refining Capacity Utilization
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India At High Table Of Clean Energy Superpowers
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Cabinet Okays BPCL Refinery In Nellore
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HPCL Approves Rs. 46.79 Billion Modernization Of Mumbai Refinery
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Va Tech Wabag Secures ₹1450 Million Order From Chennai Petroleum Corporation
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Konstelec Bags Order From PetronetLNG
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Waaree Renewable Secures 2 GW Solar Project In Bikaner
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Acme Solar Commissions 1023 MW Solar Capacity In Rajasthan
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Govt Cuts Gas Allocation For LPG, Diverts To City Gas Retailers
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India’s LNG Import Dependency Increases To 51%
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Konstelec Engineers Ltd
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South West Pinnacle Exploration Ltd (SWPE)
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PetronetLNG Faces PNGRB Criticism
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GAIL India Enters Into LNG Charter Contract With “K” LINE
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IndianOil To Provide Fueling Services At Noida International Airport
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South West Pinnacle Exploration Receives Letter Of Award From Oil India Ltd
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Atlantic Navigation From India Sanctioned For Trade Of Iranian Petroleum
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Oil India To Set Up Subsidiary To Focus On Green Energy Foray
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GAIL Forms Wholly-Owned Subsidiary For International Financial Operations
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- Oman Oil Marketing Company and TFG Marine establish bunker fuel supply joint venture
- BPCL Achieves Financial Closure for Bina Refinery Expansion cum Petrochemical Project
- India Refining Summit concluded successfully: Emphasised on incorporation of green technologies and innovate sustainable options for transitioning the sector to a Net Zero future
- TotalEnergies, bp, Equinor and Shell join forces to help increase access to energy
- ONGC declares results for Q2 FY’25: Posts Net Profit of ₹ 119.84 billion, up by 17.1%; declares interim dividend of ₹6.00 per share; Oil and Gas production starts rising
- Strategy & Outlook Presentation 2024: “More energy, less emissions, more free cash-flow
- Adani Total Gas Secures Largest Global Financing in the City Gas Distribution Business
- Deep Industries Ltd receives order worth ₹ 1,402 Cr for Production Enhancement Operations from ONGC
- 3t Drilling Systems Expands in India through ONGC Deal
- AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network
- US committed to partner in India’s energy transition journey: US Foreign Commercial Service
- Castrol India Limited 2Q 2024 Results
- GMDC and Ministry of Coal, Govt. of India sign Coal Mining Development and Production Agreement for Kudanali-Lubri coal mine, Odisha
- Vivek Chandrakant Tongaonkar appointed as Director (Finance) at ONGC
- EKI Achieves Breakthrough with First-Ever Improved Biomass Cookstove Project
- Strategic partnership between Hubject and Exicom aims to fuel further growth in India’s booming EV market
- Major developments in the energy transition and strategies for scaling up the clean mobility sector to be in spotlight at the upcoming NGV India Summit in July
- GAIL enters 14-year time charter with CoolCo for newly built LNG carrier
- GAIL reports Annual Revenue of Rs 1306.38 billion, PBT Rs 115.55 billion (up by 75%) & PAT Rs 88.36 billion (up by 67%) in FY 2024
- LNG India Summit 2024 New Delhi
- MRPL gets new Executive Director
- Asian Energy Services Limited Q4FY24: Reports significant uptick in Revenue and Operating Profit; strong visibility for FY25 with order book in excess of Rs 10 billion
- Adani Energy Solutions ends the FY24 on a strong note
- Prime Minister flags-off First Crude Oil tanker from ONGC Krishna Godavari deepwater block
- MGL reduces CNG prices
- CERAWeek by S&P Global 2024 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 18-22
- SgurrEnergy announces milestone of 60 GW~ renewable energy experience from Indian projects and 100GW+ globally
- ONGC Mumbai High a national treasure: Petroleum Minister Hardeep Puri
- Asian Energy Services Ltd Secures LoA of Rs 250 CR from Central Coalfields Ltd (A subsidiary of Coal India Ltd)
- ONGC in Joint Venture Agreement with NTPC Green for Renewable Energy
- TotalEnergies and ONGC in India Join Forces to Detect and Measure Methane Emissions
- EKI Energy Services Ltd Forges Strategic Partnership with African Jospong Group Of Companies Ltd to Mobilise Carbon Finance in the Continent
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January 20, 2025: Impressive Growth in Diesel, Petrol Consumption In December, click column Special Database for product-wise details.
January 17, 2025: India is ranked as the second largest crude oil importer in the world. For year-wise break up of quantity since FY 2018-19, total value in US dollars and Indian Rupee, click column Special Database.
January 16, 2025: Refining Margins On The Rise In Global Hubs, Click column Special Database for details.
January 9, 2025 | What Am I Missing?: India’s stated aspiration is to create a policy-market environment that ensures that natural gas (along with LNG) contributes 15% of the country’s primary energy consumption. This target has been on the table for well over two decades and is currently set to be achieved by 2030 instead of 2020 as originally envisaged. In 2013, PNGRB estimated the 2030 gas demand as 272 BCM which is over 4 times the actual 2023-24 consumption. The petroleum minister recently set a target of 183 BCM for 2030 which is 2.8 times the 2023-24 actual and will yield about a 12% gas share by 2030. The demand estimates, are divorced from reality because they are made without reference to the price of gas. What is most worrisome is not the fact that none of the foregoing targets for gas are attainable but the much starker truth that there is no clear plan or strategy to get to the 15% gas share in the energy mix even by 2040. Click Free Access column Petro Intelligence to read an insightful piece on the subject.
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India Seeks Alternatives To Russian Oil
January 20, 2025: Following Russia's invasion of Ukraine in 2022, India emerged as a major buyer of Russian oil that was widely and rapidly sanctioned by the West. However, all that may be about to change, courtesy of a fresh wave of U.S. sanctions on Russia and India's own scramble to find alternatives.
more..
Russian oil products trapped at sea by US sanctions, LSEG data shows
January 20, 2025: Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday.
On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies, adding to the impact of similar restrictions imposed by United more..
Cummins Unveils New Engine Platform and Hydrogen Fuel System in India
January 20, 2025: Cummins Group India launched its next-generation HELM engine platform and advanced hydrogen fuel delivery system. The company introduced the BSVI-compliant L10 engine and a hydrogen fuel delivery system capable of 350-bar and 700-bar pressure with Type IV storage vessels.
The new L10 engine, more..
NOC in dilemma of whether taking loans for fuel purchase
January 20, 2025: Nepal Oil Corporation (NOC) has issued a press note, stating that the company is having to take loans in order to procure fuel for the country. NOC maintained that the company has depleted all its accumulated profits and is in a state where it cannot even pay to buy fuel.
According to the more..
Indian students flock to petroleum and mining programs amid Trump’s second term buzz
January 20, 2025: As Donald Trump prepares for his second inauguration, a curious trend is emerging among Indian students aspiring to study abroad: a renewed focus on courses in extractive industries such as petroleum, mining and agriculture-related fields.
Study abroad consultants report a surge in more..
What To Think Before We: Drill, Baby Drill
January 20, 2025: Donald Trump is about to become 47ᵗʰ President of the United States of America. It’s expected Washington D.C. will also welcome back a caboodle of climate deniers, environment cynics and resource raiders. A profusion of such advisers in his last Presidency steered Trump towards several more..
Petrol, Diesel Fresh Prices Announced
January 20, 2025: Petrol, Diesel Prices Today On January 19, 2025: Oil marketing companies (OMCs) update petrol and diesel prices every day at 6 AM to ensure transparency and reflect the volatility in global markets. These daily adjustments take into account fluctuations in international crude oil prices and currency exchange more..
Bharat Mobility Global Expo 2025 Live: India’s first solar-powered car, Eva, launched
January 20, 2025: Bharat Mobility Global Expo 2025 Live: It is time for the grandest vehicle expo in India. Carmakers such as Maruti Suzuki. Hyundai, Kia, Tata Motors, and others, along with two-wheeler makers such as Bajaj, KTM, Triumph, BMW, Hero MotoCorp and more are either expected to launch new vehicles or unveil 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...
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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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...
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...
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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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Ashish Khanna Appointed CEO Of Adani Green
 Ashish Khanna, who is currently serving as the CEO of the International Energy Business, has been appointed as the new CEO of Adani Green Energy Ltd (AGEL), effective 1st April 2025. Mr. Khanna brings more...
Amit Singh To Head International Energy Business Of Adani Group
 As of 31st March 2025, Amit Singh, the current CEO of Adani Green Energy Limited (AGEL), will step down from his position to take on a new role as the CEO of the International Energy Business of the Adani more...
Rath Takes Additional Charge Of Director HR
 Dr. Ranjit Rath, Chairman & Managing Director of the Company has assumed the additional charge of the post of Director (Human Resources) with effective from 01 January 2025. Oil India Limited has more...
Nalin Kumar Appointed Executive Director EIL
 Nalin Kumar has been promoted to Executive Director. He is currently, Group General Manager & Head of the Department (Static & Machinery Equipment), Equipment Division. He has been with EIL for more...
Oil India Names Abhijit Majumder As CFO
 Oil India announced that its board has approved appointment of Abhijit Majumder, director (finance) as chief financial officer (CFO) of the company with effect from 18 December 2024. He is a more...
Trailikya Borgohain Appointed As Director (Operations) Of OIL
 has been appointed as Director (Operations) of Oil India Limited. Borgohain is a seasoned oil and gas professional with over three decades of experience spanning the entire spectrum more...
EIL Appoints Rupesh Kumar Singh As Its Director (HR)
 Engineers India Limited (EIL) has announced the appointment of Rupesh Kumar Singh as Director (Human Resources) of the company. The appointment has been made effective from December 20, 2024. more...
Cummins India Appoints Prasad Kulkarni As Interim CFO
 Cummins India Limited, the country’s leading manufacturer of diesel and natural gas engines, has appointed Prasad Kulkarni as Interim Chief Financial Officer (CFO) and Key Managerial more...
Castrol India CFO & Wholetime Director Deepesh Baxi Resigns
 Castrol India has announced that Deepesh Baxi will relinquish his office as Chief Financial Officer (CFO) & Wholetime Director of the company, with effect from close of business hours on 13 March 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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What Am I Missing?
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The Oil Marketing Companies (OMCs) Have Fuelled Inflation
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Big And Bold: When Will India’s Oil Industry Get Its Hulk?
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Is India becoming excessively dependent on Russian oil?
more...
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Nayara Energy plans 400 New Petrol Pumps
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Singapore’s AG&P JV For LNG Operations
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BPCL Plans To Invest $2.9 Bn In Exploration In Mozambique, Brazil
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India And Lanka, UAE To Build Energy Pipeline
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India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024
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Dismal Domestic Natural Gas Scene In November 2024
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India’s Increasing CGD Sales
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India’s Liquefied Natural Gas (LNG) Import: A Total Picture
more...
Coal Bed Methane Development in India
more...
Poor Capacity Utilisation of LNG Terminals In India
more...
CGD Gets The Single Largest Share In Gas Allocation
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Domestic Natural Gas Scene In September 2024
more...
Decline In Natural Gas Prices Continues In All Major Global Hubs
more...
Sector-Wise Consumption Of Natural Gas
more...
Widening Gap Between Targets And Actual Production In Natural Gas
more...
Amazing Growth In LPG Coverage
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Domestic Natural Gas Scene in July 2024
more...
Fall & Rise In Domestic Natural Gas Production
more...
India’s Increasing Gas Import Dependency
more...
How Much Natural Gas Did India Consume During April-June 2024?
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What Precisely Is Wrong With Fixing Of Natural Gas Production Targets?
more...
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Impressive Growth in Diesel, Petrol Consumption In December
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India’s Crude Oil Imports Since FY 2018-19,Year-wise Break Up
more...
Refining Margins On The Rise In Global Hubs
more...
Fuel& Loss In Indian Refineries
more...
Yet Another Downward Revision In Global Oil Demand Growth Forecast
more...
How Prices Moved In The Indian Crude Basket In December 2024?
more...
Break-up Of Central Excise Duty On Petrol and Diesel
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The Rise And Fall Of Prices In Indian Crude Basket In The Last Ten Years
more...
Petroleum Products Export Down In November, Major Increase In Import
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Analysis Of Crude Oil Processed by Indian Refineries In November 2024
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Increasing Passenger Vehicle production Promote Petrol Sales, Two-wheeler, Three-Wheeler Sales Drop
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India’s Crude Oil Imports Up 3.5% During April-November 2024, OPEC, Russia Share Drops
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Consumption Of Petroleum Products Surges In November 2024
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Specific Energy Consumption In PSU Refineries
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Shrinking Power Deficit To Affect Diesel Consumption
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India’s petroleum Products consumption growth
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In Global Hubs Refinery Margins Rise Selectively In October
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How Much Petroleum Products Surpluses India Generate Every Year?
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How Prices Moved In Indian Crude Basket In November 2024?
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Drastic Fall In GRMs Of State-Owned Refineries During April September 2024
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Domestic Crude Oil Share In Petroleum Products Consumed in India
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Where Does India Figure In terms of Crude Oil Refining Capacity In The World?
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