|
Middle East Crude Producers More Sinned Against Than Sinning?
more...
Feasibility Of Swap Deal For Russian Crude Under Examination
more...
Rosneft’s India Strategy Seeks Consolidation In Refining, Retailing
more...
India’s E&P Investments In Neighbouring Countries Facing Uncertainty
more...
Refineries In For Fresh Problems, GRMs May Drop Further
more...
|
|
FSRU: Shell, GDF, Tantalized India, H-Energy Delivered
more...
Cairn Energy Lacked Diplomacy, Relented A Bit Late
more...
Oil PSUs Manage To Exceed Capex Target For Covid-Hit FY 21
more...
Hydrogen Becomes A Subject Of Intense Discussion In India
more...
|
|
Deep In Fossil Fuel Business, IOC Attempts Clean Energy play
more...
|
|
Air Products’ Kochi Complex Supplying Syngas to BPCL
more...
L&T To Build Mega Oil And Gas Supply Base In Saudi Arabia
more...
LTHE Wins Significant Contracts In Oil & Gas Sector
more...
Torrent To Set Up 300 MW Solar Project In Gujarat
more...
|
|
The Fuel Delivery Signs Pan-India Agreement With IndianOil
more...
|
|
Adani Welspun Exploration Limited
more...
Adani Enterprises Incorporates Wholly-Owned Arm MPL
more...
bp And Infosys Announce Strategic Collaboration To Reduce Emissions At Campuses and Cities
more...
BPCL Collaborates With Accenture To Digitally Transform Its Sales And Distribution Network
more...
|
|
- IHS Markit: Rankings Show United States Already the World’s Most Attractive Market for Renewables Investment
- ONGC to play larger role in country’s pursuit of energy security
- ONGC Videsh consortium: LGN project in Mozambique put on hold due to force majeure
- Daniel Yergin: Electric Vehicles Just a Piece of the “Auto-Tech” Puzzle That’s Creating a Radically Different Car Economy of the Future
- Welltec signs Long-Form contract with Saudi Aramco
- Asia continues to drive global refinery CDU capacity additions by 2025, says GlobalData
- Cloud-powered AI produces most detailed mapping ever seen of Earth's crust and lands AWS award for geophysics start-up S-Cube.
- Halliburton looks to international opportunities and growth as North American market wanes, says GlobalData
- S&P Global Platts: India's FY2021-2022 transport fuel consumption to remain expansionary as COVID-19 fears ease
- ONGC acquires 5% stake in Indian Gas Exchange (IGX)
- AVEVA, ADNOC and ARC Conclude that Digital Transformation will Increasingly Drive Sustainable Business Practices in a Post-Pandemic World
- Total Oil India Private Limited (TOIPL) launches innovative LPG cutting gas to improve customer safety and operating performance
- U.S. Secretary of Energy Jennifer Granholm to Deliver Inaugural Address at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- The Prime Minister of India, Hon. Shri Narendra Modi to Deliver Keynote Remarks at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi-specialty Hospital at Rajabari
- US Gulf Coast storm outages send ripples round global markets
- Oil & Gas Upstream Industry Vision 2050 Charted Out at the Upstream Ahead Summit
- ONGC declares results for Q3 FY’21: Posts net profit of ₹13.78 billion; declares interim dividend of ₹ 1.75/share
- US to drive global crude oil trunk/transmission pipelines growth by 2024
- 5th Edition - India Refining Summit 2021 - March 25th -26th , 2021, Le Meridien New Delhi
- Siemens Energy delivers energy storage solution for Maersk Drilling’s first hybrid, low-emission jack-up drilling rig
- BPCL - Unaudited Financial Results (Provisional) for the quarter ended 31st December, 2020
- ONGC to usher in India’s first Geothermal Energy at Ladakh
- ONGC CMD pitches for deeper collaboration for sustainable growth: Global Compact National Convention
- Dharmendra Pradhan flags off two welfare projects of ONGC at Betul in MP
- Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
- The Energy Mix: Coal clings on; Electricity demand set to rebound; marking 5 years since the Paris Agreement
- Delays for New Pipelines Cost Canadian Heavy Crude Producers at Least $14 Billion Since 2015, IHS Markit Analysis Finds
- Lack of collection infrastructure blights European plastic bottle recycling
- Minister for Petroleum & Natural Gas and Steel Dharmendra Pradhan dedicates the 8th producing Basin of India - Bengal Basin, to the nation
- IHS Markit: Global Investment in Renewables to Bounce Back in Coming Year to Pre-COVID Levels
- Dow CEO Jim Fitterling Leads 2020 ICIS Top 40 Power Players
- Wärtsilä and Lihir Gold sign 10-year service agreement for a 170 MW power plant with shared business case incentives
- Daniel Yergin: "The Ghosts Who Haunt the South China Sea" - New Article in The Atlantic
|
|
|
May 7, 2021: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues. Click column Special Database to find price movements in Indian Crude Basket in April.
May 6, 2021: Reflecting the trend in consumption, the quantity of crude oil processed varied in complexity. The share of domestic crude was marginally up and high sulphur crude down in March 2021 compared to the level In March 2020. Click column Special Database for details.
May 5, 2021: Passenger Vehicle. Two Wheeler Sales Up In March. Click column Special Database for details.
April 26, 2021| Numaligarh Refinery Merger: The New Paradigm In The North East | www.indianoilandgas.com has strong views on the concept of an integrated oil company which has almost become a shibboleth in India's petroleum universe. Its columns had explained how the idea had been corrupted and abused in India. There is nothing wrong with the concept as such and it is good for the growth of a company. However, India is a very different playground and what is applicable elsewhere need not always succeed here. The so-called integrated structure turned out to be a near disaster for India’s upstream major ONGC. But for Oil India, it can prove to be a blessing. Leadership matters. The compulsions of the region will justify OIL and NRL merging to create an integrated oil company. Click Free Access Column Petro Intelligence for a comprehensive piece on the subject.
|
|
India offers to lift regular Saudi oil volumes in June after May cuts
May 8, 2021: Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter, four sources said on Thursday.
The refiners - Indian Oil Corp (IOC.NS), Bharat Petroleum Corp (BPCL.NS), more..
Govt To Sell Its Entire Stake In BPCL For $6.9 Billion
May 8, 2021: Government of India is moving with plans to sell its entire stake in Bharat Petroleum Corporation Limited (BPCL), India's second-biggest state refiner, according to people familiar with the matter, said a Bloomberg report.
Mumbai-headquartered BPCL is an Indian government oil and gas more..
India asks PSBs to withdraw cash held abroad over dispute with Cairn Energy
May 8, 2021: Indian authorities have asked the state-run banks to withdraw funds from their foreign currency accounts amid fears that Cairn Energy may try to seize the cash following an arbitration ruling in a tax dispute. In December last year, a Hague-based international arbitration tribunal held that New Delhi must return more..
HPCL board issues NCDs
May 8, 2021: Hindustan Petroleum Corporation Ltd (HPCL) had issued Un-secured, Redeemable, Non-Convertible, Non-Cumulative, taxable, Debenture of Rs.10,00,000/- each aggregating to Rs.19.50 billion on private placement basis on 07-05-2021 funding of capital expenditure of the issuer, including recoupment of expenditure already incurred.
more..
Fitch Affirms HPCL-Mittal Energy at ‘BB’; Outlook Negative
May 8, 2021: Fitch Ratings has affirmed India-based HPCL-Mittal Energy Limited's (HMEL) Long-Term Issuer Default Rating (IDR) at 'BB'. The Outlook remains Negative. The agency has also affirmed the ratings on the company's US dollar senior unsecured notes at 'BB-'.
The Negative Outlook more..
Indian refinery runs fall in May as Covid worsens
May 8, 2021: India's Covid-19 outbreak is continuing to affect the country's refinery operations as state-controlled oil firms adjust to falling demand and labour shortages. Bharat Petroleum (BPCL) has reduced throughput at its 240,000 b/d Mumbai and 310,000 b/d Kochi refineries this month. Runs have been cut by the more..
COVID to shave-off 20-25 per cent of auto fuel demand in April
May 8, 2021: India's second wave of coronavirus infections and the resultant city and state-specific restrictions may shave-off about 20-25 per cent of auto fuel demand in April, consultancy Wood Mackenzie said on Thursday and estimated a modest impact on oil demand in the absence of a full nationwide lockdown. more..
Petrol and diesel price on 7th May 2021: Price hiked for 4th day running
May 8, 2021: Prices of Petrol and Diesel continue to march higher, now increasing for the fourth day in a row. Petrol in Delhi today costs Rs 91.27 per litre, up 28 paise since yesterday. Diesel in Delhi costs Rs 81.73 litre, an increase of 31 paise. Prices were first changed on Tuesday after an 18 hiatus. Bharat Petroleum more..
|
|
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...
|
|
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...
|
|
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
 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...
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...
|
|
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...
|
|
ONGC CMD Subhash Kumar Appointed As Additional Director Of Petronet LNG
 ONGC Limited's officiating Chairman and Managing Director (CMD) and Director (Finance) Subhash Kumar has been appointed as Additional Director on the board of Petronet LNG Limited. Kumar has been more...
Biswajit Roy, Director HR Of OIL Retires On June 30
 Biswajit Roy, who is currently serving as Director (HR) of Oil India Ltd (OIL), is to superannuate on June 30. Roy was elevated as the director, human resources & business development, at Oil India in more...
|
|
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.
To download this full article in PDF, click here |
|
|
Numaligarh Refinery Merger: The New Paradigm In The North East
more...
The “Ugly Spat” And Some Hard Truths
more...
Ominous Force Out To Scuttle West Coast Refinery Project
more...
India Awaits Lifting Of US Sanctions Against Iran, Venezuela
more...
|
|
Mitsui And INOXCVA Sign MoU
more...
Rosneft-Backed Nayara Likely To Raise Up To Rs 25 Billion
more...
|
|
Essar Seeking Credit To Keep Stanlow Oil Refinery Running
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...
Domestic Natural Gas Scene in December 2020
more...
Update: LNG imports over the years and sector-wise consumption of natural gas
more...
Update: CGD and LNG Terminals in India
more...
Major natural gas pipelines in India
more...
Latest Demand Projections for Natural Gas
more...
Coal Bed Methane (CBM) gas development in India
more...
Capacity Utilisation of LNG Regasification Terminals (As on November 1,2020)
more...
Market Natural Gas and CGD: Attractive Industry
more...
|
|
Indian Basket Of Crude Price In April 2021
more...
Crude Oil Processed In Indian Refineries In March 2021
more...
Passenger Vehicle. Two Wheeler Sales Up In March
more...
Petroleum Products Consumption In March Registers An Impressive Growth
more...
Crude Processing In Indian Refineries, An Update
more...
Update of company-wise, sector-wise and total refining capacity
more...
Ethanol Blending With Petrol Program Touches All-time High
more...
OPEC Forecasts Increase In Oil Demand In 2021
more...
Indian Drilling Rig Count
more...
Auto Sales Register Impressive Growth
more...
Global rig count for the month of February 2021
more...
Crude price movements in Indian Basket of Crude in March 2021
more...
India’s Sinking Self Sufficiency in Petroleum Products
more...
Update: Domestic Oil & Gas Production vis-à-vis Overseas Production
more...
Fall In Capex Of PSU Oil Companies, Steep, But Less Than Feared
more...
India’s Petroleum Products Import Up In February
more...
Crude Oil Import Declines In February, OPEC Share Down
more...
Petroleum Products Consumption Recovery Crosses 95% In February
more...
Power supplied and deficit: Region-wise position for February 2021
more...
Analysis of Crude Oil Processed By Indian Refineries In February 2021
more...
Gross Refining Margins (GRM) of Indian Refineries (April-December 2020)
more...
End-use Analysis Of HSD Sales
more...
Indian Rig Count Drops As The Global Rig Count Goes Up
more...
|
|
|
