Policy
Iranian Crude Oil Can Reach Indian Refiners Through Russia
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Cabinet Approves Uniform Licensing Policy For Oil, Gas Exploration
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Decision On Mega Refinery Location Unlikely Before 2020
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Upstream Major ONGC’s Asset Acquisition Plans Hit A Wall
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Government Tweaks Policy For Pre-1999 Oil & Gas Contracts
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Regulation
Government Considers U K, French Models For Unbundling GAIL
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ONGC Advised To Assign Top G&G Talents To 4 CoDs
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PNGRB Exceeds Brief In Improving Terms For 9th CGD Round?
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Petro Products Consumption Pattern Indicates Robust GDP Growth
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Alternative Energy / Fuel
Bio Ethanol, Bio CNG To Be Produced From Paddy Straw
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Lightsource BP Finishes 60-MWp Solar Project In India
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New Projects
Honeywell Technology For IOC
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HPCL To Double Capacity Of Visakh Refinery
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HPCL To Set Up Products Pipeline
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Market Watch
Govt Achieves Target Of 50 Mn Free LPG Connections Ahead Of Schedule
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Companies
AG&P
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IndianOil To Invest 1.75 Trillion For Expansion
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MDC Norway And Buoyancy Consultants Sign LNG Deal
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Reliance Industries Signs Deal To Sell CB-10 Block Stake To Sun Petro
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Castrol India Limited Announces Q2 CY18 Results
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Press Release [FREE Access]
Latest Exclusives

August 16, 2018: Petroleum Products Import Goes Up In June 2018. Click Special Database for details.

August 14, 2018: Crude Oil Imports Dip In June 2018, OPEC Share further Declines. Click Special Database for details. 

August 13, 2018: India's crude oil imports have consistently been on the rise, raising the country's ranking as the world's third largest among crude oil importers. Reflecting this trend, the share of imported crude oil has been rising in the total crude processed in refineries, touching an all-time high in FY 2017-18. Click column Special Database for details.
August 9, 2018: www.indianoilandgas.com in the previous article The Changing Dynamics Wrought by US LNG in free access column Petro Intelligence argued that a long term contract with US companies for supply of LNG at a price between $5 - 5.5 per million British thermal unit including the regasification cost on the Indian coast was in the realm of possibility. Several factors have contributed to this scenario, the most import of which being the production cost of gas in the US dipping below $1.00/mBtu. The article attracted immense reader interest and also criticism from gas pundits. We had listed in the article a few countries other than the US which were already producing gas below $1.00/mBtu but did not mention India as its gas production cannot meet even half of the country’s requirement. True, both RIL and ONGC produced gas below $1.00/mBtu. A journalist goes after news. The news is that the US which has emerged as an LNG exporter managed to reduce production cost of its gas significantly and India, an LNG importer, could benefit by it. We deliberately avoided mentioning companies and personalities involved in making US LNG business a success as it could be interpreted as an attempt to promote their business. In the latest piece Why A Long-Term LNG Supply Deal With US Makes Sense, we have provided a lot of facts and figures and even identified a couple of players to substantiate our assertion that it is very much possible to enter into a long deal with the US for supply of LNG at a very attractive price. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
Government notifies incentives to state-owned oil firms in pre-NELP blocks; new rule applies to 11 fields
August 16, 2018: The government has notified a new policy requiring state-owned Oil and Natural Gas Corp Ltd (ONGC) and Oil India Ltd (OIL) to pay royalty and cess tax only to the extent of their equity holding in certain pre-1999 oil and gas fields. The 'Policy Framework for Streamlining the Working of Production Sharing   more..


Saudi Aramco, ADNOC can’t export Ratnagiri refinery fuel without PSU’s consent
August 16, 2018: Saudi Aramco, the world's biggest oil company, and its partner Abu Dabhi National Oil Co (ADNOC) will have marketing rights for half of the fuel produced by the planned USD 44-billion refinery in Maharashtra but cannot export them without first offering to local companies. Aramco and ADNOC will together   more..


Reliance declares force majeure on gasoline exports from Jamnagar
August 16, 2018: India's Reliance Industries, which operates the world's largest refining complex, has declared force majeure on gasoline exports from its Jamnagar site, four people familiar with the matter said on Wednesday, potentially boosting margins for other suppliers of the oil product. The force majeure   more..


Slowdowns in China and India eat away at Asian crude oil demand
August 16, 2018: Oil demand from Asia's biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world's largest economies and eroding a key pillar of global petroleum prices amid trade tensions. The two countries buy a combined 12 percent of the world's oil, and   more..


Will HPCL be on par with ‘parent’ ONGC?
August 16, 2018: A bumper profit of over ₹60 billion for the second straight year has helped State-run oil refiner Hindustan Petroleum Corporation Ltd (HPCL) stake its claim for the coveted ‘maharatna’ status. However, the ‘maharatna’ status will also put HPCL and its holding company ONGC   more..


Iran keen to participate in India CPCL refinery expansion: IOC
August 16, 2018: Iran is keen to invest in the Rs 300 billion expansion of Chennai refinery but the fate of banking channels to route such investment is uncertain in view of US sanctions against the Persian Gulf nation, IOC Chairman Sanjiv Singh said today. IOC plans to pull down the 1 million tons per year Nagapattinam   more..


Nayara Energy’s July Iran Oil Imports Down 11.3 Pct Y/Y- Trade
August 16, 2018: Iran’s key Indian client Nayara Energy, formerly known as Essar Oil, imported about 135,000 barrels per day (bpd) Iranian oil in July, a reduction of about 11.3 percent from a year earlier, according to data from the shipping industry and sources. Under pressure from upcoming U.S.   more..


Reliance, BP spend Rs 70 bn to prolong D1, D3 fields output in KG-D6 block
August 15, 2018: Reliance Industries and its partner BP plc of UK have spent over Rs 70 billion in prolonging output from the flagging D1 and D3 gas fields in the Bay of Bengal as they prepare new fields that will start production in mid-2020, sources in the consortium said. In perhaps one of its kind intervention in a   more..

Petropulse / Guest Column
Overhaul Energy Strategy Introduction
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)C.N. Jatar, (Retd)*| “Climate Change” is a major challenge facing the fossil fuels industry today. Globally fossil fuels supply more than 75 per more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
May 28, 2018: 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 more...

IOC steps into Oman with acquisition
April 9, 2018: 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
February 28, 2018: 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 more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
February 16, 2018: 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 more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
January 31, 2018: 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 more...

Iran Announces Deals With Countries, No mention Of India
January 29, 2018: 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 more...

ONGC’s Search For Producing Assets
January 17, 2018: 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 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
Bina Refinery In Madhya Pradesh In News Again
August 7, 2018: Bharat Oman Refineries Ltd (BORL), jointly owned by the state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company as a 50:50 joint Venture is in the news again.   The refinery is called Bina refinery because it is located more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: The Baroda-based, Centre For Fuel Studies & Research (CFSR), finds that the 5000 MW Solar PV project announced by the government of Gujarat has certain basic flaws. It has, in a comprehensive letter, urged the state Chief Minister to review the project.   more...

Vedanta’s Various Projects Under Implementation in the Rajasthan Field
May 21, 2018: Anil Agarwal-led Vedanta through its E&P wing, Cairn India, is the operator of India's largest onshore field in the Barmer district of Rajasthan. Vedanta has undertaken further development of the field. more...

Replacing Fossil Fuel in Transport Sector – A huge challenge
May 18, 2018: The Vadodara-based, Centre for Fuel Studies and Research (CFSR), periodically brings out useful reports on various aspects of India's energy scene. Its latest report is on Replacing Fossil Fuel in Transport Sector-A Huge Challenge. Click HERE for details. more...

Status of Ethanol Blending with Petrol Program.
May 14, 2018:  Ethanol Blended Petrol Programme: The Government through Oil Marketing Companies (OMCs), is implementing Ethanol Blended Petrol (EBP) Programme under which, OMCs sell ethanol blended petrol with percentage of ethanol up to 10%. In order to augment the supply of ethanol, the Government in more...

Status of Equity Oil and Gas Overseas
May 10, 2018: In order to supplement domestic availability of crude oil & natural gas, the Government has been encouraging acquisition of assets abroad. Our oil and gas companies are present in 27 countries with investments of nearly US$ 33 billion. ONGC Videsh Limited (OVL), which is wholly owned more...

Rooftop Solar-Generating Power where it is used adding to reliability of power
April 20, 2018: Fossil Fuel industry is facing a serious threat from Solar Energy which has been growing at an amazing speed in recent months. The Baroda-based, Centre for Fuel Studies & Research (CFSR) has come out with a report: “Rooftop Solar-Generating Power where it is used adding to reliability of power”. The Report should be more...

Successful Refinery Performance Improvement Program
April 13, 2018: A number of public refineries in India are fairly old with out-dated technologies. Instead of scrapping them, the public sector companies have been upgrading technologies of these refineries .The result is claimed to be highly positive. The Centre for High 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
Gurmeet Singh Takes Over As IOC Director-Marketing
Gurmeet SinghGurmeet Singh has taken charge as Director (Marketing), Indian Oil Corporation. Prior to his elevation, Singh was Executive Director handling the LPG vertical at IndianOil’s marketing division more...

Natarajan Becomes Managing Director Of GSPC
T. NatarajanDr T. Natarajan has been appointed Managing Director of Gujarat State Petroleum Corporation Limited. Natarajan, IAS has been Joint Managing Director at GSPC since August 01, 2016. more...

Dr. Raj Shah Lauded By Multiple International Scientific Associations
Dr. Raj ShahDr. Raj Shah, Director at Koehler Instrument company, New York was recently honored by the International Society of Tribologists and Lubrication Engineers (STLE), at its recent annual meeting in Minneapolis more...

Indian Petro Scene - In a Nutshell
On April 10, 2018 www.indianoilandgas.com entered the 25th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 25 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]
Why A Long-Term LNG Supply Deal With US Makes Sense
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The Changing Dynamics Wrought By US LNG
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Kowtowing to Trump
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Kuwait Prefers A Distance From Saudi
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Foreign Investment
CPC Corp Of Taiwan Studying Petrochemical Plant Investment In India
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Oilex Is Seeking To Take Over GSPC’s Stake In Cambay Block
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Overseas Investment
Petronet Submits Proposal To Set Up $1 Bn LNG Terminal In Bangladesh
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Gas Scene
An Update : Capacity Utilization of LNG Regasification Terminals
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Domestic Gas Prices & International Gas Prices
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Roadmap to setting up a functional Gas Marketing Hub in India
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Sectoral Consumption of Natural Gas In June 2018
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Domestic Natural Gas Scene in June 2018
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An Update of Coal Bed Methane Gas Development in India
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Domestic Gas Scene In totality In Last 3 Years
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Month-Wise, Sector-Wise Consumption of Domestic Gas, R-LNG 2017-18
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LNG imports have consistently increased over the years
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15% Share of Gas in Primary Energy Mix – What it Translates to
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Salient Features of LPG Profile In Fiscal 2017-18
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Approved LNG Export Facilities
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Update: CGD Factsheet as of April 2018
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International Gas/LNG Prices and Domestic Gas Price
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CGD Sector’s Projected Growth In Coming Years
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Update: Source-Wise LNG Imports and List of Importers in February 2018
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Sector-wise Gas Consumption of Domestic Gas and RLNG in January 2018
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A National Gas Grid Still Far Away, But Making Progress
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Petroleum Products Import Goes Up In June 2018
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Crude Oil Imports Dip In June 2018, OPEC Share further Declines
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Imported Crude & Domestic Crude Oil Processing
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Power Deficit Situation Region-Wise In June 2018
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ONGC’s Oil and Gas Discoveries In Fiscal 2017-18
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For Better Appreciation of Pricing Of Imported Crude
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Customs, Excise Duties, GST Rates On Petroleum Products
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Update: Profit After Tax (PAT) of oil companies
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Status of blocks under NELP (as on 1st April, 2018)
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Retail Selling Price (RSP) & % of taxes in RSP of petrol and diesel in developed countries vis-a-vis India
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Break up of Central excise duty on petrol & diesel (effective on 2nd February, 2018)
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Share of taxes in Retail Selling Price (RSP) of Petrol & Diesel in Delhi
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Fuel & Loss in Indian refineries in fiscal year 2017-18
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New Petrochemical Complexes and Estimated Feedstock requirement
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Update of Distillate yield of PSU refineries
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Update Of Hydrocarbon Reserves In India
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India’s Import Of Petroleum Products Down in May, Up In April-May 2018
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Gross Refining Margins (GRMs) of Indian refineries during FY 2017-18
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Tenders [FREE Access]
ONGC
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ONGC
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