Policy
Petrol, Diesel No Longer Politically Sensitive Products In India?
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BPCL Selloff Facing Uncertainty? Conflicting Signals
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National Monetisation Pipeline Project Kicks Off
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India Seeks To Promote Use Of LNG By The Transport Sector
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Recovery Of Fuel Consumption Slows Down In September
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Regulation
Gas Price Hike Lands CGD Companiesí Margin Under Pressure
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After RIL-BP, ONGC Too Raises Domestic Gas Production
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Import-Dependent PUMY Exceeds Target, Govt. Excited
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How India Handled Exploration Acreage Rounds: A Brief Report
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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
Mcdermott Wins Fourth Contract In India This Year
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Linde India To Set Up New Merchant Air Separation Unit At Dahej
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Chemie-Tech Gets Contract For Double Wall Tanks In Rajasthan Refinery Complex
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IOC, CPCL Start Working On Refinery ProjectAt Nagapattinam
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Market Watch
IndianOil Launches Composite LPG Cylinders That Help To Check Gas Levels
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Companies
Dorf Ketal Chemicals
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OILís Aggressive Exploration Strategy As It Becomes Integrated Oil Company
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Manali Petrochemical Partners With Econic For New Polyol Technology
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Rourkela Steel Plant Supplies Special Grade Pipes To Petroleum Companies
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HMEL to Start Bathinda Cracker By March 2022
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Press Release [FREE Access]
Latest Exclusives

October 22, 2021: Power situation influences fuel consumption. Though power deficit has been reduced substantially, there are still regions which experience power shortage. Such a situation is helpful in increasing diesel sales as diesel is used for backup power generation. Click column Special Database for an update of the power situation.


October 21, 2021: Crude oil price is rising not because of production cut alone. The world oil demand too is projected to rise in 2021. The slowdown in demand witnessed in OECD in the first quarter of 2021 has already been countered by rise in demand from other countries. Click column Special Database for details.

October 11, 2021 | Hardeep Puri Needs To Put The House In Order: The government continues to believe that domestic crude production can be increased only if foreign players are persuaded to join the hunt, either as partners of domestic producers or by farming out some fields to them through auctions. The foreign companies are not overly enthusiastic about India. In the 1970s, ONGC discovered quite a few oil and gas fields including Bombay High and South Bassein. All these discoveries were from blocks that the government had granted on a nomination basis. The problems really began when it decided to go in for exploration acreage rounds on the basis of competitive bidding. This marks the beginning of a disastrous phase in the life of ONGC and OIL. But one thing is absolutely clear: like Shakespeare’s King Lear, ONGC and Oil India are "more sinned against than sinning". Click Free Access Column Petro Intelligence for a comprehensive piece.
Today's News [FREE Access]
Indiaís oil production continues to falter in September, gas production rises
October 23, 2021: India’s domestic oil production continued to falter in September with crude oil production down 1.74% compared with the corresponding period last year. However, according to the monthly production report released by ministry of petroleum and natural gas, there was a 26.6% increase in gas production in   more..


RIL Q2 results: Consolidated net profit jumps 43% to Rs 136.80 billion
October 23, 2021: Oil-to-telecom conglomerate Reliance Industries Limited (RIL) on Friday reported a 43% rise in its consolidated net profit for the second quarter (Q2) ended September 2021. This, as higher demand for oil products boosted RIL's mainstay oil-to-chemicals business. The company posted a net   more..


MRPL likely to store Saudi crude after taking SPR on lease
October 23, 2021: India's state-run Mangalore Refinery and Petrochemicals Ltd is looking to use the 750,000 mt capacity that it is set to take on lease at the national strategic petroleum reserves facility in Mangalore to store crude oil from Saudi Arabia or any other similar grade, according to a top oil ministry   more..


Need to rethink Indiaís LNG strategies to affordable models
October 23, 2021: India may have to rethink its strategies going forward amidst spiralling LNG prices, according to a top Government official, speaking at an industry event on Wednesday. Tarun Kapoor, Secretary, Ministry of Petroleum & Natural Gas said that the current situation has brought home the   more..


Numaligarh Refinery Limited inks Right to Use agreement with IGGL
October 23, 2021: Assam-based Numaligarh Refinery Limited (NRL) inked pipeline ‘Right to Use (RoU)’ sharing agreement with Indradhanush Gas Grid Limited (IGGL). A momentous pipeline ‘Right to Use (RoU)’ sharing agreement was inked between Numaligarh Refinery Limited (NRL) and   more..


Petronet seeks LNG cargo for November delivery
October 23, 2021: India's Petronet is seeking a liquefied natural gas (LNG) cargo for delivery in the second half of November, two industry sources said on Friday. It is seeking the cargo on a delivered ex-ship basis for delivery into Dahej or Kochi in a tender that closes on Oct. 27, and which remains   more..


LCI dispatches two helicopters for duty offshore India
October 23, 2021: LCI has placed two Leonardo AW139 helicopters on long-term operating leases with Heligo Charters Pvt. Ltd. The aircraft were recently delivered to Heligo’s base at Juhu Airport in Mumbai, from where they will provide crew transfer services for ONGC. Nigel Leishman, Executive Vice   more..


Indian Energy Exchange soars 10% on strong Q2 show, 2:1 bonus issue
October 23, 2021: Shares of the Indian Energy Exchange (IEX) rallied 10 per cent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1. At 09:30 am; the stock,   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...

ONGCís 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 Indiaís 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
Subhash Kumar Gets Second Extension As Ad-Hoc ONGC Chief
Subhash Kumar"The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum & Natural Gas for extension of additional charge of the post of CMD, ONGC assigned to more...

Sanjeev Tokhi Takes Over As Director - Exploration of ONGC Videsh
Sanjeev TokhiSanjeev Tokhi has taken over as the new Director (Exploration) of ONGC Videsh Ltd (OVL), the overseas arm of domestic petroleum explorer Oil and Natural Gas Corporation (ONGC)company with effect from 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]
Hardeep Puri Needs To Put The House In Order
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Effective Regulator Needed Before Privatising BPCL
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BPCL Selloff: Foreign Equity Players May Be Fronting For The Big Boys
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When Competition Comes A Cropper
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Foreign Investment
TotalEnergies Adds To Renewable Portfolio In India
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Overseas Investment
Reliance Floats UAE Arm For Trading In Oil, Petro Products
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OVL-OIL Exploratory Drilling In Bangladesh
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Dorf Ketal Chemicals To Set Up Downstream Joint Venture In Saudi Arabia
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Gas Scene
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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Sectoral Consumption of Natural Gas In June 2021
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Domestic Natural Gas Scene: June 2021
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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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Natural Gas Price: Global and Domestic
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Sector-Wise Consumption Of Natural Gas In May 2021
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Natural Gas Price Trends : Global And Domestic
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Power Supplied And Deficit For August 2021
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OPEC Estimates Oil Demand in 2021At 96.6 mb/d
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Marginal Increase In Indian Rig Count
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Consumption Trend Analysis 2021-22
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Global Rig Count Up
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Consumption Of Petroleum Products Registers Impressive Growth In August
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Indian Crude Basket Price In September 2021
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Ethanol Blending Programme
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Product-wise Production and Consumption of Petroleum Products during Apr-Aug 2020 and Apr-Aug 2021
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Gross Refining Margins (GRM) of refineries
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Big Increase In Petroleum Products Import, Marginal Rise In Export In August
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Crude Oil Import Up In August, OPECís Share Declines
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Percentage share of Domestic / Imported Crude Oil processed in PSU/JV and Private Refineries
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Quantity And Value Of Indian Crude Oil Imports (FY 2017-18 to FY 2020-21)
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Specific Energy Consumption Of PSU Refineries
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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Share Of Imported Crude Drops In Oil Processing
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High Sulphur & Low Sulphur crude oil processing
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Profit After Tax (PAT) Of Oil Companies
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Indiaís Rig Count Marginally Up In July
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The Rise And Fall Of Indiaís Petroleum Products Export
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Global Oil Demand Is Poised To Rise
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Global Rig Count Up
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Tenders [FREE Access]
ONGC
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