Policy
ONGC May Find Survival Difficult Without Bombay High, Bassein Fields
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LNG Import To Slow Down, 15% NG Share Target Looks Difficult
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RIL Exits Overseas Oil And Gas Exploration Business
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Cut In Excise Duty On Petrol, Diesel A Political Move To Please Farmers
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Post Festive Season, Diesel Demand Drops, Petrol’s Up
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Regulation
Ethanol Emerges As A Politically Sensitive Product In India
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IOC To Raise Refining Capacity As The World Shies Away From It
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Ignoring Protests, 50 CGD Areas To Be Declared As Common Carriers
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McDermott’s Role In KG D6 Cluster Project Comes In For Praise
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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
Thyssenkrupp Wins Project From Numaligarh Refinery
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Azure Power Signs PPA Solar Projects
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NRL’s Expansion Cost Escalates
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Market Watch
Centre Aims To Set Up 1,000 LNG Stations
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Companies
Deep Industries
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ONGC To Invest Up To ₹60 billion In OPaL Via CCDs
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Saudi Aramco Sign Feedstock And Marketing MoU With ONGC
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NTPC Ties Up With IndianOil For Renewable Energy
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Press Release [FREE Access]
Latest Exclusives

December 9, 2021: Under the CBM policy, till date, four rounds of CBM bidding rounds have been implemented by ministry of petroleum and natural gas, resulting in award of 33 CBM blocks [including 2 blocks on Nomination and 1 block through Foreign Investment Promotion Board (FIPB) route] which covers 16,613 sq.km out of the total available coal bearing areas for CBM exploration of 26,000 sq.km. Click column Gas Scene for an update of CBM Gas development in India.


December 8, 2021: The PSU oil marketing companies such as IOC, BPCL and HPCL haven’t halted their retail network expansion even during the pandemic. BPCL which is sought to be privatised and HPCL are almost on a par in terms of the number of retail outlets. Even Shell which moves at turtle space speed has increased its numbers. Click column Special Database for an update of petroleum industry marketing network.
November 25, 2021 | BPCL Selloff Fans Adani’s Ambitions: The privatization of the second largest oil marketing company, Bharat petroleum Corporation Ltd (BPCL), is sought to be achieved during the current financial year which ends on March 31,2022. The task is not all that easy. Of the two foreign equity companies which entered the race of BPCL, one has already exited. According to market circles, privatization of BPCL, as is being planned by the government, can be accomplished only if the Adanis enter the picture. Billionaire Gautam Adani has not so far evinced any interest in BPCL. But he is keen to enter petrochemicals and refinery and has also registered a fuel retailing company along with Total of France. All these can be achieved by acquiring BPCL. Gautam Adani does not have to do it directly. The foreign equity company, Apollo Global, which is negotiating with the government will do the job. In fact, it would not have entered the race for BPCL without negotiating with the potential buyers. Equity institutions do not run oil companies. Aramco has been consistently interested in the petroleum retailing market in India. Though there is no direct evidence, sources say Apollo Global could be fronting for Aramco as well. In the swiftly shifting market conditions in India, the possibility of Aramco picking up Adanis as a partner cannot be ruled out. Click Free Access column Petro Intelligence for an exciting report.
Today's News [FREE Access]
India’s H-Energy seeks 8 LNG cargoes a year from 2022
December 9, 2021: India's H-Energy, a natural gas company, is seeking eight liquefied natural gas (LNG) cargoes a year for delivery over four years starting from April, 2022, two industry sources said on Thursday. (Source: REUTERS)    more..


Petroleum products inclusion under GST to have revenue implications: Centre tells Kerala HC
December 9, 2021: The GST council meeting on the inclusion of petrol and diesel under the GST decided against its inclusion given the high revenue implications and fiscal constraints induced by the Covid pandemic, according to a statement filed before Kerala the High Court by the Central Board of Indirect Taxes and Customs   more..


Noida International Airport awards 30-year concession to IndianOil Skytanking Ltd for setting up the fuel farm and hydrant system
December 9, 2021: Noida International Airport has awarded Indian Oil Skytanking Ltd (IOSL) a 30-year concession to design, build, and operate fuel infrastructure, including multi-user fuel farm and hydrant system for the airport. This partnership will help NIA provide aviation turbine fuel cost-efficiently and under an open   more..


Fortune 500 India: Fuel mix — The metamorphosis of oil marketers
December 9, 2021: Imagine driving to the nearest ‘petrol pump’, but not to tank up your vehicle. There are no takers for petrol or diesel since vehicles now run on electricity and other non-fossil fuels. So, instead, the ‘pump’ offers facili- ties such as rest rooms, dining, charging stations,   more..


IndiGo partners with CSIR for sustainable fuel
December 9, 2021: IndiGo on Wednesday announced that it has signed an agreement with CSIR-Indian Institute of Petroleum (CSIR-IIP), Dehradun to become partners in leading the deployment of sustainable aviation fuel (SAF) in India and globally. "Under this partnership, IndiGo and CSIR-IIP will enter into   more..


Greenko forms JV with John Cockerill for electrolyzers
December 9, 2021: Greenko Group has set up a joint venture (JV) with Belgium’s John Cockerill for electrolyzers as part of its green hydrogen and ammonia manufacturing plans. The Belgium-based maker of high-capacity alkaline electrolyzers will supply them exclusively to Greenko ZeroC, a unit of Greenko Group. In   more..


BW LPG India expands fleet by acquiring four very large gas carriers
December 9, 2021: BW LPG India Pvt Ltd has purchased four Very Large Gas Carriers (VLGCs) from parent BW LPG Ltd, expanding its fleet to eight such ships, all registered under the Indian flag, a top company official said. BW LPG India did not disclose how much it spent on the four VLGC’s. BW LPG Ltd, the   more..


India’s HMEL named Plant of the Year
December 9, 2021: Strategically positioned in Bathinda, Punjab, HMEL’s Guru Gobind Singh refinery is an industrial anchor for the economic development of northern India. It sits at the northern terminus of a 1,017-km pipeline from Mundra, Gujarat, on India’s west coast, where tankers deliver the refinery’s   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
R. Narang Recommended For Director (Finance) of HPCL
Rajneesh NarangThe Public Enterprises Selection Board (PESB) has recommended the name  of Mr. Rajneesh Narang (Executive Director, HPCL) for the post of Director (Finance) of Hindustan Petroleum Corporation more...

Four New Independent Directors Appointed On ONGC Board
Reena Jaitley, Syam Chand Ghosh, V Ajit Kumar Raju and Manish Pareek have been appointed as non-official independent directors on board of ONGC. V Ajit Kumar Raju is a practising chartered accountant with more than 21 years of experience. He is a partner at M/s. D M Associates. Syamchand Ghosh is an educationist and social more...

Essar (India) Appoints Shruti Joshi As Chief Financial Officer
Shruti JoshiEssar India Limited has informed that the Board of Directors has appointed Shruti Rahul Joshi, as the Chief Financial Officer of the Company pursuant to Section 203 of the Companies Act, 2013. Shruti 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 Fans Adani’s Ambitions
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How India’s Oil Exploration Was “Rigged”
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Fighting The Rot Within
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Hardeep Puri Needs To Put The House In Order
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Foreign Investment
Trafigura To Exit Nayara Energy
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Cairn To Partner With Halliburton For Shale Exploration
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Cairn Announces Partnership With Baker Hughes
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Overseas Investment
Trinity Lubes Opens First Plant In Sharjah
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Gas Scene
Coal Bed Methane (CBM) gas development in India
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Sector-Wise Consumption of Natural Gas In October 2021
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Domestic Natural Gas Scene In October 2021
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Sector-Wise Consumption Of Natural Gas
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Expanding Natural Gas Infrastructure
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Domestic Natural Gas Scene in September 2021
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Natural Gas Price Trends: Global And Domestic
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Dip In Capacity Utilisation of LNG Terminals
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene in August 2021
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Sector-wise Consumption Of Natural Gas in July 2021
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Domestic Natural Gas Scene In July 2021
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Natural Gas Price Trends: Global And Domestic
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Sector-Wise, Month-Wise Demand & Consumption of Natural Gas
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Growth In Import Dependency Of Natural Gas Halted
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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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CGD Becomes An Attractive Business In India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Update: Petroleum Industry Marketing Infrastructure
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Petroleum Products Import Up 28%, Exports Up 37.9% In October
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Growth, Degrowth In Sales of Passenger Vehicles, Two Wheelers
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Industry Consumption Trend Analysis April - October 2021
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Crude Oil Impot Up In October, OPEC Share Down
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Share Of Domestic Crude Down In Total Processing, HS Crude Share Up In October
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Consumption Of Petroleum Products Up 0.8 % In October 2021
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Power supplied and deficit for October 2021
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Plant Fuel & Loss
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Production vis a vis Consumption Of Petroleum Products
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Total Distillates Production In Crude Processing Of All Refineries in India
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Oil Import - Volume And Value
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Specific Energy Consumption Of PSU Refineries
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Oil Demand in 2022 To Average 100.8mb/d, says OPEC Report
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Distillate Yield Of PSU Refineries
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Price movements in Indian Basket in October 2021
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Petroleum Products Consumption Trend Analysis 2021-22
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Power supplied and deficit for September 2021
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Import, Export Of Petroleum Products Increase in September 2021
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4% Decline In Crude Oil Import From OPEC, Total Import Up By 16%
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Analysis of crude oil processed by refineries in September
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Self-Sufficiency In Petroleum Products
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Sales Of Passenger Cars, Utility Vehicles,Two Wheelers Register De-growth In September
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Product-Wise petroleum products consumption in September 2021
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Tenders [FREE Access]
ONGC
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ONGC
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