Speculation About US SPR Top-Up May Keep Upward Pressure on Crude Prices more...
India’s Reluctant Retail Price Hike For Politically Sensitive Petroleum Products more...
Latest Initiatives By Oil Companies To Promote Alternatives To Fossil Fuels more...
ONGC Making Serious Efforts To Boost Oil & Gas Production more...
Indian Refineries To Hit All-Time High GRM In FY 21-22? more...
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PNGRB Fails To Ensure Timely Completion Of MWP By CGD Licensees more...
Shell’s Entry Can Lead To Stiff Competition In LNG Retailing more...
The Steepest Hike In ATF Price To Push Up Air Fares more...
Refinery Performance Improvement Program Makes An Impact more...
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Gadkari Launches Green Hydrogen FCEV Toyota Mirai more...
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Cairn To Invest $700 Million In India Oil & Shale Assets more...
Envision Energy Awarded 2000 MW Wind Turbine Contract In India more...
JSPL Plans To Set Up India’s Second Coal Gasification Plant At Raigarh more...
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ArcelorMittal Tests Replacement Of Natural Gas With Green Hydrogen For DRI Production more...
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SNF more...
Welspun Receives Order From IOC more...
Adani TotalGas Reports Drop In Profits In First Quarter more...
Pawan Hans Is Finally Privatised more...
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- Brenntag tops ICIS Top 100 Chemical Distributors global ranking
- M&A deal activity in the oil and gas industry declined by 41% in terms of value in Q1 2022 compared to Q4 2021, says GlobalData
- Nigeria will account for 24% of oil and gas projects commencing operations in Africa by 2026, says GlobalData
- MOL GROUP Launches Green Hydrogen Production Using Plug Electrolyzers
- 11A CGD Bidding Round and invited electronic bids for 5 Geographical Areas (GAs)
- ONGC now has one of the most balanced Boards in industry
- S&P Global Appoints Daniel Yergin Vice Chairman
- ONGC on way to add another Basin on production
- ONGC to undertake 2D Seismic Survey for appraisal of 70,000 line km of Indian Offshore up to Exclusive Economic Zone boundary
- Oil & gas contracts activity increased in 2021 due to improved crude prices, says GlobalData
- S&P Global Launches Comprehensive Framework for Assessing Reliability of Estimates of Greenhouse Gas Intensity for Crude Oil
- Shell Signs Global Agreement with Detect Technologies
- Long-term uncertainty regarding Russian oil and gas supplies will sustain high energy prices, says GlobalData’s MEED
- GlobalData forecasts Asia to dominate global refinery CDU capacity additions through 2026
- Oil India - Q3FY22 Result Update - High realization to drive earnings
- Asia set to drive global ammonia capacity additions through 2026, says GlobalData
- India to drive global vinyl acetate monomer capacity additions through 2025, says GlobalData
- John F. Kerry to Address CERAWeek by IHS Markit 2022, to held in Houston March 7-11
- North America sees the highest crude oil refinery maintenance in 2021, says GlobalData
- IHS Markit: LNG Imports to Europe Could Compensate for Shutoff of Russia Gas Flows Through Ukraine
- Haynesville Shale saw highest rise in natural gas rigs in US as WTI price recovers, says GlobalData
- Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData
- IHS Markit: Major Power Outages Impacted at Least 350 Million People Worldwide in the Past Year as New Power Supply Challenges Emerge
- JP Morgan and Citi were top M&A financial advisers by value and volume in oil & gas sector for 2021, finds GlobalData
- US Secretary of Energy Jennifer Granholm to Address CERAWeek by IHS Markit in Houston, March 7-11
- Macdermid Offshore Solutions Appoints New Global Directors For Drilling And Subsea Products
- IRENA-AfDB report: Energy Transition Central to Africa’s Economic Future
- S&P Global Platts Analytics: India’s oil demand expected to slow in Q1 due to omicron, but recovery still likely in H2
- Qatar Petroleum signed biggest long-term LNG contract with CNOOC while Tellurian Investments signed most contracted volumes in 2021, says GlobalData
- Oil demand back to pre-COVID-19 levels outside aviation, says GlobalData
- IHS Markit: Banning US LNG Exports Would be ‘Highly Destabilizing’
- Retrofitting CCUS technologies to existing industrial infrastructure crucial to achieve net zero by 2050, finds GlobalData
- Robotics essential to the oil and gas industry, as technological advancements increase the tasks they can undertake, according to GlobalData
- Seeq Announces Industrial Digitalization Agreement with Aramco
- ONGC inks MoU with SECI to develop renewable, ESG projects
- Incorrect Media Report about ONGC offering its prominent fields through EoI
- Godrej & Boyce supplies High-Pressure Separators for the Clean Fuel Refinery Project in Thailand
- Novatek hopes to replicate successful LNG strategy to become leader in low-carbon ammonia and blue hydrogen, says GlobalData
- India to lead global expandable polystyrene capacity additions by 2025, says GlobalData
- ONGC CMD unanimously nominated President of All India Public Sector Sports Promotion Board
- China to lead Asia LNG regasification capacity additions through 2025
- Peru requires private investors to ramp up natural gas production and accelerate transition towards cleaner energy
- CVC lauds ONGC for transparency initiatives
- India to account for over 50% of upcoming crude oil refinery projects in Asia by 2025, says GlobalData
- Wärtsilä commits to carbon neutrality by 2030
- Wartsila Corporation Interim Report: January - September 2021
- Strong petroleum products demand continues to boost refining sector in China, says GlobalData
- Petrodrill launches first Well Control School in North East India
- Former Soviet Union expected to lead global working gas capacity additions by 2025, says GlobalData
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May 20, 2022: India is Asia’s largest exporter of petroleum products. It has a total refining capacity of 249.2 million tonnes per annum. Production is far in excess of domestic demand in the case of most of the products except LPG which is being imported. Click Column Special Database for product-wise and Financial Year-wise production and consumption of petroleum products.
May 19, 2022: Specific Energy Consumption Of PSU Refineries.Click Special Database for details.
May 18, 2022: Soaring Refining Margins Almost Everywhere. Click Special Database for details.
May 10, 2022 | BPCL Selloff Jinx: Fix The Regulatory Regime First | Reliance Industries Ltd, Essar and Shell rushed in when the government opened up petroleum retailing for the private sector. Two years later, in 2008 to be precise, crude prices surged and the very same government re-imposed subsidy on sale of petrol and diesel and this was restricted only to the outlets of public sector oil marketing companies. The private players had no other option but to shut down their outlets. They reopened their outlets after three or four years but never recovered from the shock. History can repeat itself. No sensible foreign company can be expected to enter India’s petroleum retailing business without an unequivocal assurance that such a situation will not recur. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.
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Assam Police warns Oil India, ONGC of likely ULFA(I) attack
May 20, 2022: Officials claimed on May 19 that the Assam Police had sent an advice to Oil India Ltd (OIL) and ONGC regarding possible subversive operations by outlawed ULFA(I) militants on their installations and personnel in the state. Following talks with various authorities like the CISF and AISF, the two PSU energy majors more..
ONGC weighs raising stakes in Russian oil despite Shell snub
May 20, 2022: ONGC is weighing the options of placing more bids for Western companies' stakes in multiple Russian oil and gas fields even as its first bid for Shell's 50% stake in Salym fields in Siberia has not been accepted, people familiar with the matter said.
"The war will not last forever, more..
India to launch 20% ethanol-mixed gasoline: Why it’s important and what are the challenges
May 20, 2022: Hit hard by rising oilprices, India plans to introduce 20 per cent ethanol blending with gasoline in some parts of the country from April 2023, while a nationwide roll out is expected only from 2025-26.
The government has expedited efforts to boost local output of oil and a transition to more..
Cooking gas prices hiked for second time in 12 days
May 20, 2022: Cooking gas has become costlier for about 305 million consumers as state-run oil firms on Thursday raised the price of domestic liquefied petroleum gas (LPG) by ₹3.50 per 14.2kg domestic cylinder -- the second price hike in less than two weeks.
With the latest hike in the price of cooking more..
Asian companies to ramp up petrol exports to US as sky-high prices beckon
May 20, 2022: The worsening gasoline crunch looks set to buoy Asian refiners -- particularly those in India -- as sky-high US prices encourage more exports.
US pump prices have now risen above $4 a gallon in all states for the first time ever as the summer driving season approaches. JPMorgan Chase & Co. more..
IOC bonus share to be paid in ratio of 1:2
May 20, 2022: Indian Oil Corporation (IOC), the nation's biggest oil firm, has announced to issue bonus shares to its shareholders. IOC bonus share will be issued in the ratio of 1:2 which means one new bonus equity share of face value Rs 10 each will be given to the existing shareholders for every two equity shares. The more..
Fuel prices cannot be controlled till India increases oil production: Union minister
May 20, 2022: Union Minister Rameswar Telion Wednesday said that prices of petrol and diesel cannot be controlled till India increases production of oil, saying that the country is dependent on international market for its fuel needs. "About 83 per cent of oil consumed in the country is imported by us. We are dependent more..
India will decide the global future of energy: Dr Andrew Light, US DOE Assistant Secretary for International Affairs
May 20, 2022: The global future of energy will be decided by India which is central to any global climate response and transition to green and clean energy, said Dr Andrew Light, Assistant Secretary for International Affairs, Department of Energy (DOE), United States (US). He was speaking at a multistakeholder roundtable more..
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To make sense of sensational news covering high petrol and diesel prices
Dr. 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...
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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...
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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
December 24, 2021: 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...
Future Power Grid Vision - Grid Of Microgrids
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
by 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...
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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...
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Pushp Kumar Joshi Is Interim HPCL Chairman
Pushp Kumar Joshi has taken over as the interim chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), a subsidiary of state-owned Oil and Natural Gas Corporation (ONGC). more...
Former Petroleum Secretary Tarun Kapoor Appointed Adviser To PMO
The government has appointed former petroleum secretary Tarun Kapoor as adviser to the PMO, just about three months after he was selected as the Petroleum and Natural Gas Regulatory Board (PNGRB) more...
Atul Gupta Will Be The Next Director, Commercial Of EIL
The Public Enterprises Selection Board (PESB) has selected Atul Gupta for the post of Director (Commercial), Engineers India Ltd (EIL) in a selection interview. Currently, he is working as Group General Manager (GGM) in Engineers India Ltd. Subject to requisite clearances and ACC approval Atul Gupta will replace R K more...
Shashi Shanker On Adani Total Gas Board
Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL). Shanker, who more...
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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 |
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BPCL Selloff Jinx: Fix The Regulatory Regime First more...
Energy Security: The New Shibboleth Has Dubious Merit more...
Uninformed Hype That Missed The Long-Term Implication: Unpacking The Russian Move To Peg Rouble To Gold more...
Dilemma Over Deep Discount Offer On Russia Crude more...
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Equinor And ONGC Sign MoU more...
AG&P Pratham To Invest In City Gas Distribution more...
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OVL-Partnered, Exxon-operated Sakhalin-1 Under Force Majeure more...
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Natural Gas Price Trends: Global and Domestic more...
Sector-Wise Consumption Of Natural Gas more...
Domestic Natural Gas Scene: March 2022, FY 2021-22 more...
Share Of R- LNG, Domestic Gas In Sector-wise, Month-wise Consumption of Natural Gas more...
India’s Natural Gas Import Dependency more...
Natural Gas Price Trends: Global and Domestic more...
Sector-Wise Natural Gas Consumption in February 2022 more...
Coal Bed Methane (CBM) Gas Development In India more...
Domestic Natural Gas Scene: February 2022 more...
Natural Gas Price Trends: Global And Domestic January more...
Domestic Natural Gas Scene In January 2022 more...
Liquefied Petroleum Gas (LPG) Profile As On January 1, 2022 more...
LPG Marketing At A Glance more...
Sector-Wise Consumption Of Natural Gas In December 2021 more...
Domestic Natural Gas Scene in December 2021 more...
Declining Domestic Gas Production, Increasing Gas Import Dependency more...
Natural Gas Price Trends: Global and Domestic more...
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Product-wise, Year-wise Production And Consumption of Petroleum Products more...
Specific Energy Consumption Of PSU Refineries more...
Soaring Refining Margins Almost Everywhere more...
Price Movements In Indian Crude Basket In April more...
India’s Petroleum Products Import Down, Export Up In FY 21-22 more...
Crude Oil Import Up, OPEC Share Marginally Down In FY 21-22 more...
Analysis of Crude Oil processed by Indian Refineries in March 2022 more...
Fuel & Loss In Indian Refineries more...
Deliberate Strategy To Eliminate Kerosene From Consumption List? more...
Increasing Power Shortage As Fuel Prices Keep Surging more...
Petroleum Products Consumption trend in FY 2021-22 more...
Self-Sufficiency In Petroleum Products Touching A New Low In March more...
Transition towards EVs and CNG: Fuel wise Passenger vehicle sales In FY2020-21, 2021-22 and market share more...
Petroleum Products Consumption in March 2022 more...
ONGC Videsh’s Capital Expenditure Drastically Down more...
Refinery-wise, sector-wise Crude Refining Capacity Vs Processing more...
Declining Domestic Oil Production more...
Growth In CGD Infrastructure more...
Oil Import Volume and Value more...
Uptrend In Global Refining Margins more...
Price Movements In Indian Crude Basket In March 2022 more...
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