Despite Mounting Israel-Iran Tensions, Crude Prices May Remain Nearly Stable more...
US Dollar – Indian Rupee Conversion Factor Influencing Fuel Retail Prices more...
India Gradually Emerging As A Gas Hub more...
bp Scouts For New Opportunities In India more...
Government Withdraws Capital Support To OMCs more...
|
|
India’s LPG Problem Eludes Solution: Imports Keep Rising, Refineries Reluctant To Step Up Production more...
BPCL To Outdistance HPCL In Retail Outlets Network more...
Oil India’s Exploration Acreage Surges In Recent Years more...
Indian Oil Corporation’s Expanding Pipeline Network more...
|
|
Wind Energy Emerges As A Reliable Energy Source more...
|
|
GAIL’s First CBG Plant In Jharkhand more...
Petronet LNG Commissions Two Storage Tanks more...
Greenzo Inks MoU For Green Hydrogen Projects In Gujarat more...
|
|
IndianOil Unveils Two Innovative Products more...
|
|
Asian Energy Services Limited (ASIAN) more...
Asian Energy Services Secures Rs. 820 Million Contract From Oil India more...
AM Green, Gail Tie Up For 2.5GW Hybrid Renewable Energy Projects more...
|
|
|
October 15, 2024: India’s refinery sector is dominated by state-owned companies (public sector). The country’s FY starts from April 1. The Gross Refining Margins (GRMs) of public sector refineries declined sharply during the quarter April-June 2024-25 mainly on account of the shrinking discounts from Russian crude. Click column Special Database for details.
October 14, 2024: Petroleum products are taxed heavily in India and this is precisely why petrol and diesel are among the highest priced in Asia. This is a political decision as India imports 87 per cent of its crude oil requirement. Click column Special Database for details of taxes and price build-up of petrol and diesel.
October 10, 2024 | ONGC: A Crying Need To Return To The Basics | Pakistan recently reported a major oil and gas find in its territorial waters that could give it the bragging rights to claim ownership of the world’s fourth largest oil and gas reserves. The report has galvanized the Government of India and the national oil companies to announce an aggressive exploration and production (E&P) programme in the country that will be packed with sufficient incentives to disarm the reservations of global oil giants that have generally refrained from acquiring oil and gas fields in the country. S&P Global recently revealed that India could hold up to 22 billion barrels of oil and gas in just four of the largely unexplored basins: Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan. The oil find in Pakistan should encourage ONGC, and to some extent Oil India Ltd (OIL), to introspect about their lapses and review all facets of the past exploration efforts. Click Free Access Column Petro Intelligence to read comprehensive article on the subject.
|
|
Global majors will be interested only if the balance of risk/reward is tempting in the new law
October 15, 2024: Due to rising geopolitical tensions in West Asia, oil prices are expected to remain elevated and volatile. With a high import dependence of 88%, India must make determined efforts to boost domestic oil production that has been steadily declining since FY12. In the current fiscal up to August, production was more..
Why Is India Resilient To Israel-Arab War Led Oil Shock?
October 15, 2024: The world is engulfed by the oil conundrum. OPEC is no more in hegemony to stir an oil shock. The global political conflicts and bi-polarization led the world oil price shock slipped from the Arab clutches.
With the breakout of the Israel-Iran war, threats have loomed large on oil price hike. more..
Gensol Engineering Secures INR 1.86 billion Contract for 23 MWp
October 15, 2024: Gensol Engineering Limited, a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, is proud to announce that it has been awarded a prestigious contract by UAE’s leading sustainable development and clean energy development more..
Reliance Industries net profit declines 4.7% to ₹165.63 billion revenue flat at ₹2354.81 billion
October 15, 2024: RIL Q2 Results: Billionaire Mukesh Ambani-led Reliance Industries Ltd on Monday reported a fall in profit for the July-September quarter due to weaker performance in its key oil-to-chemicals business and its retail venture. However, better performance across other key business segments, particularly Jio, more..
OPEC Slashes Oil Demand Growth Forecast Again
October 15, 2024: OPEC on Monday cut its oil demand growth estimate for a third consecutive month, due to actual consumption data so far this year and expectations of slightly lower demand in some regions.
OPEC now expects global oil demand to grow by 1.93 million barrels per day (bpd) in 2024, down by 106,000 more..
GAIL India floats bids for 7.75 MW floating solar Project in Madhya Pradesh
October 15, 2024: GAIL India has issued a tender inviting bids for a 7.75 MW grid-connected floating solar project in Vijaipur, Madhya Pradesh. The last date for bid submission is October 29, 2024. The project will be located within the GAIL Vijaipur complex.
The bidders will be responsible for the design, more..
HSBC on OMCs: Maintains Buy on BPCL, HPCL, IOC
October 15, 2024: HSBC has maintained its ‘Buy’ rating on the key oil marketing companies (OMCs) — Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL), and Indian Oil Corporation (IOC) — citing that the current volatility in global oil prices is beneficial for these firms. The brokerage also noted that more..
Gulf Oil Lubricants unveils new movie-based campaign
October 15, 2024: Gulf Oil Lubricants India has launched a groundbreaking campaign that redefines traditional advertising by introducing a movie that reflects the brand's capabilities and values. This bold initiative is designed to showcase Gulf Oil's commitment to its tagline, "Together We Are Unstoppable," more..
|
|
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...
|
|
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...
|
|
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...
|
|
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...
|
|
P K Singh Takes Charge Of Secretary, MNRE
The Government of India has appointed Prashant Kumar Singh as the new Secretary of the Ministry of New and Renewable Energies. Singh is an IAS Officer of the 1993 batch belonging to the Manipur cadre. Before more...
Gensol Appoints Ankit Jain As CFO
Gensol Engineering, a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services and electric mobility solutions, has announced the more...
|
|
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 |
|
|
ONGC: A Crying Need To Return To The Basics more...
Reading The Tea Leaves on Crude Oil Prices more...
India Needs To Reboot Its Crude Oil Sourcing Strategy more...
The Fault In Our Ethanol Fuel Blends more...
|
|
Adani Total Gas Commissions India’s Biggest Hydrogen Blending In Natural Gas Project more...
Google Announces Renewable Energy Partnerships more...
|
|
IndianOil To Develop Petroleum Pipelines In Nepal 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 more...
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? more...
What Precisely Is Wrong With Fixing Of Natural Gas Production Targets? more...
|
|
Sharp Decline In Gross Refining Margins Of Public Sector Refineries During April-June Quarter more...
Price Build Up Of Petroleum Products-Petrol, Diesel more...
Petroleum Sector’s Revenue Contribution To Union/State Governments more...
World Oil Demand Growth Forecast For 2024, 2025 Revised Down more...
How Indian Crude Basket Prices Moved In September? more...
Analysis Of Petroleum Products Consumption Trend In FY 2024-25 more...
What Pushed Down Diesel Consumption In Rapidly Growing Indian Economy? more...
Petroleum Products Consumption Suffers De-growth In August 2024 more...
Export Of Petroleum Products Drops Sharply In August, Import Marginally Down more...
Analysis Of The Type Of Crude Processed by Indian Refineries in August 2024 more...
|
|
|