Policy
India’s Persisting Fury Against Rising Crude Oil Price
more...


India’s Push For Green Hydrogen Assumes Deliberate Speed
more...


Mukesh Ambani Unveils Reliance’ Push Into New Energies
more...


ONGC May Come Under Pressure To Vacate NER In Favour Of OIL
more...


Consumption Of Transportation Fuels On Recovery Path In June
more...

Regulation
National Gas Grid, Eluding But Attainable
more...


Oil India’s Entry Can Make A Difference In Tripura
more...


Ethanol Blending In Modi Govt.’s Scheme Of Things
more...


CNG Up In Popularity As Prices Of Petrol, Diesel Surge
more...

Alternative Energy / Fuel
NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
more...

New Projects
IndianOil Accords Stage-I Approval For Setting Up Styrene Monomer Project
more...


Maire Tecnimont Wins $ 170 Mn EPCC Contract For New PP Plant
more...


HPCL Plans 215-Km LPG Pipeline
more...

Market Watch
Steelbird International Launches New Range Of Lubricants
more...

Companies
Crown LNG
more...


IGL Exploring Several New Businesses
more...


Sharika Enterprises Receives Six LOIs From Indian Oil Corporation
more...


Thermax Group Wins Rs. 2.50 Bn Order For A Greenfield Refinery In Latin America
more...

Press Release [FREE Access]
Latest Exclusives

July 23, 2021: Year-wise, sector-wise, Month-wise, Demand And Consumption of Natural Gas. Also share of R-LNG and Domestic Gas in the sector-wise consumption. Click column Gas Scene for details.

July 22, 2021: India’s demand for imported LNG has been growing over the years but the growth has been moderate as the domestic market is highly price sensitive. Even the moderate growth in import dependency was halted in FY 2020 -21 mainly due to the impact of Covid-19. Click column Gas Scene for an update of gas import dependency.
July 12, 2021 | RIL-Aramco Alliance To Explore New Frontiers: Someone from Saudi Aramco joining RIL’s board as an independent director need not be treated as a big news but Aramco’s chairman Yasir Al-Rumayyan himself doing so certainly is a very important development. It indicates the shape of things to come, the importance both sides attach to their alliance. Al-Rumayyan, who is also the Governor of the Gulf nation's Public Investment Fund, is one of the best known names in the world of energy and finance. Mukesh Ambani-led Reliance Industries Ltd (RIL) is crucial to Aramco’s business strategy in India. Yasir Al-Rumayyan’s presence on RIL board will enable Aramco to assess RIL’s style and corporate culture closely. His assessment will be critical in shaping Aramco’s future business strategy in India and determine the future of its partnership with RIL. Aramco’s proposed deal to buy into Reliance is expected to remain a non-cash deal. Click Free Access column Petro Intelligence to read a comprehensive report on the subject.
Today's News [FREE Access]
India overhauls petroleum reserve policy to boost private interest: Report
July 24, 2021: India has decided to commercialise half of its current strategic petroleum reserves (SPRs) as the nation looks to enhance private participation in the building of new storage facilities, two government sources told Reuters on Thursday. The shift in policy was approved this month by the federal   more..


India’s gas production jumps 19.5% in June on back of KG-D6
India's natural gas production jumped 19.5 per cent in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released on Friday showed. India produced 2.77 billion cubic meters of natural gas in June, up from 2.32 bcm in the same month last year,   more..


LNG imports dip 17 per cent in June as prices soar, local output rises
July 24, 2021: Import of liquefied natural gas (LNG) dropped 17% in June over the last year as prices soared and local gas production expanded. LNG prices in the spot market have risen as high as $14 per metric million British thermal units (mmBtu), curbing demand and prompting many consumers to switch back to cheaper fuel   more..


Excise duty collections from petroleum products being used in infra development: Nitin Gadkari
July 24, 2021: Union Minister Nitin Gadkari said excise duty collected from petroleum products are being used for infrastructure development and other development items. The road transport and highways minister said this in the Lok Sabha while replying to a question on the impact of rising fuel prices on the logistics cost of   more..


Reliance Industries Profit Declines 7% To Rs. 122.73 Billion In June Quarter
July 24, 2021: The country's most valued company - Reliance Industries - on Friday reported net profit of Rs. 122.73 billion in quarter ended June 30, 2021, marking a decline of 7.25 per cent from the same quarter last year on the back of increase in total expenses. Reliance Industries total expenses in the quarter jumped   more..


Assam: ONGC’s crude oil pipeline leaks at Nazira, several acres of paddy cultivation affected
July 24, 2021: Several bighas of paddy cultivation were affected due to a leak in a crude oil pipeline of the Oil and Natural Gas Corporation (ONGC) at Nazira in Assam‘s Sivasagar district on Friday. Confirming the development, Nazira sub-divisional officer Sabyasachi Kashyap said that an oil pipeline has   more..


Indian Oil Corp to fuel expansion with green power
July 24, 2021: Indian Oil Corp will seek to cut emissions by using clean electricity from the grid to fuel its capacity expansion, instead of building its own power plants, the country's top refiner said on Friday. IOC, which controls about a third of India's 5 million barrels per day (bpd) of refining   more..


Iran inaugurates major oil pipeline to bypass Hormuz Strait
July 24, 2021: Outgoing Iranian President Hassan Rouhani has inaugurated a major onshore pipeline that allows the country to bypass the Hormuz Strait for crude oil exports. The pipeline, with some 1,000 km in length, will transfer the pumped oil from facilities in Goureh to the Omani sea port of Jask, reports Xinhua news   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
Glencore Appoints Paarth Vaish To Head Its Indian Oil Gas Business
Trading giant Glencore has appointed Paarth Vaish to head its Indian oil and gas operation, replacing Surish K Sharma, who is due to retire on July 31. Since November 2018 Vaish has been Glencore's Business Development Manager for Asia. He joined the trading house in July 2008 as Business Development Manager in India and more...

Vishal Sood Appointed President Of Savita Oil Technologies
Vishal SoodSavita Oil Technologies Limited has appointed Vishal Sood as President – Lubricant Division and will be taking over the reins from Sunil Aima who retired from the company on 18th June, 2021. Vishal more...

Vartika Shukla Gets Additional Charge Of Director (Finance) At EIL
Vartika ShuklaThe Ministry of Petroleum & Natural Gas, Government of India, has approved the proposal for entrusting of additional charge of the post of Director (Finance) in Engineers India Limited (EIL) to more...

Dr. Alka Mittal Appointed As Nominee Director Of HPCL
Dr. Alka MittaDr. Alka Mittal has been appointed as Nominee Director on the Board of HPCL. She is Director (HR) of Oil and Natural Gas Corporation Limited (ONGC), since November 2018. Dr. Alka Mittal has over 36 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
RIL-Aramco Alliance To Explore New Frontiers
more...

BPCL Selloff Entering An Uncertain Phase
more...

BPCL Selloff Plan’s Success Hinges On Creation Of Effective Regulator
more...

Farzad B: Pawn In The Game Of Geo-Politics
more...

Foreign Investment
Crown LNG Awards Contract To Aker Solutions For Kakinada LNG
more...

Overseas Investment
Reliance To Invest $2 Billion In ADNOC Chemical JV
more...

Gas Scene
Sector-Wise, Month-Wise Demand & Consumption of Natural Gas
more...


Growth In Import Dependency Of Natural Gas Halted
more...


Natural Gas Price: Global and Domestic
more...


Sector-Wise Consumption Of Natural Gas In May 2021
more...


Natural Gas At A Glance in May 2021
more...


Natural Gas Price Trends : Global And Domestic
more...


Sector-Wise Consumption Of Natural Gas, In April, FY 2020-21
more...


Domestic Natural Gas Scene In April 2021
more...


Trends In Natural Gas Price: Global and Domestic
more...


Gas Sector Presents A Positive Picture In March 2021
more...


Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
more...


Natural Gas: India’s Increasing Import Dependency
more...


Domestic Natural Gas Scene In March 2021
more...


Natural Gas Price Trends: Global and Domestic
more...


CGD Becomes An Attractive Business In India
more...


Sector-Wise Natural Gas Consumption In February 2021
more...


Domestic Natural Gas Scene in February In 2021
more...


Natural Gas Price Trends: Global & Domestic
more...


Domestic Natural Gas Scene In January Presents A Dismal picture
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Oil Import - Volume, value and Price USD/Barrel
more...


Vedanta’s vertical Cairn Oil & Gas Claims Progress In All Areas of Operation
more...


Shift In India’s Crude Import Pattern Witnessed In May 2021 Temporary Or Lasting?
more...


Indian Drilling Rig Count In May 2021
more...


Biggest Contribution To Oil demand Growth To Come OECD Americas
more...


Global Rig Count Registers A Big Increase In May 2021
more...


Indian Crude Basket Prices In June 2021
more...


Rising Consumption In Petrol leads to Impressive Growth in Passenger Vehicle/2 Wheeler Sales
more...


Long Term Performance Improvement Program For PSU Refineries Being Expanded
more...


Industry Consumption Trend Analysis 2020-21
more...


Improved Power Situation To Reduce Diesel Consumption
more...


Petroleum Products In May: Sharp Fall In Import, Marginal Drop In Export
more...


Refineries Process More Crude In May, Share Of Domestic Crude Down, HS Crude Up
more...


India’s Crude Oil Import Up In May, OPEC share Down
more...


Petroleum Products Consumption In May 2021
more...


Pricing of crude oil In India
more...


Refining Capacity &Refinery Crude Throughput
more...


Consumption Growth In Petroleum Products & Natural Gas during pre-pandemic period
more...


China, India And Other Asian Countries To Promote Oil Demand
more...


Indian Drilling Rig Count
more...


Global Rig Count Goes Down As Crude Price Goes Up
more...


Import, Export Data For Petroleum Products During April 2021
more...


Indian Crude Basket Prices In May
more...

Tenders [FREE Access]
ONGC
more...


Cairn Oil & Gas
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved