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Iran Sanctions: Nervousness Writ Large On Petroleum Scene
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There Is Nothing called Responsible Crude Oil Pricing
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Surge In Fuel Price A Nightmare In Any Democracy
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Petroleum Products Under GST May Not Bring Down Prices
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Upstream Major ONGC’s Shrinking Cash Reserves
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Arbitration Panel’s Award On Gas Siphoning Expected Soon
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Basement Plays in Mumbai High Priority Area For ONGC
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Crucial Days Ahead For Cairn Energy, Cairn India In Legal Battle
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OMCs’ Infrastructure Pride Is Foreign Oil Companies’ Envy
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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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IndianOil To Set Up Rs 9 Bn Ethanol Plant In Gorakhpur
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Chennai Petroleum To Start Work On New Refinery
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BPCL To Shut Bina Refinery For Expansion
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HP Petrol Pumps To Shorten Queues With New Cashless Payment System
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ONGC Sells Coal-Bed Methane Gas At $5.77-6.12/MMBtu
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CTCI Corporation
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LTHE Gets Pride Of Place Among Top EPC Contractors
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Sapura Energy Wins $449 M In New Orders
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Procam Transports Oil & Gas Cargo Across India
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- MRPL Annual Results
- ONGC drills 503 wells in FY’18 – Highest in 27 years
- Russian Oil Company Russna Oil offers petroleum products
- ONGC fosters Solar Chulha manufacturing to fuel Indian households sustainably
- MRPL wins BML Munjal award for Business Excellence through Learning and Development
- Dharmendra Pradhan Flags Off ONGC’s Ambitious KG-DWN-98/2 East Coast Project
- OTC ASIA 2018: Red Wing Shoe Company Safeguards Oil and Gas Crews in APAC with Lighter, Purpose-Built Personal Protective Equipment
- Black & Veatch named LNG industry EPC Contractor of the Year
- ONGC commits to gender parity on International Women’s Day
- Request for Purchase Enquiry for the Supply of Stainless Steel, Carbon Steel, Alloy Steel. All Other Types Pipes, Pipefitting, Flanges, Sheets, Plates, Coils, Shims, Bars
- ONGC led Indian Consortium to acquire 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi
- Subhash Kumar takes charge as Director (Finance), ONGC
- ONGC Q3 FY’18 Results: Net Profit Rs. 50.15 billion, up 15.2% QoQ
- ONGC calls for industry level approach to mitigate oil field crises
- HPCL acquisition to make ONGC third largest refining company in India – DD Misra, Director (HR), ONGC
- ONGC acquires 51.11% stake of President of India in Hindustan Petroleum Corporation Limited
- SPG, India, Jaipur 2017: 25 Years of Energizing Exploration
- A world in transformation: World Energy Outlook 2017
- Fugro Commences Renewed Ongc Survey Contract Offshore India
- ONGC declares results for Q2 FY’18; records impressive production performance
- eDrilling signs MOU agreement with Petrovietnam University
- Prime Minister Narendra Modi dedicates Deendayal Urja Bhavan, ONGC’s Corporate Office
- Union Minister Dharmendra Pradhan inaugurates Skill Development Institute at Ahmedabad
- Total’s ‘Technical Centre Asia Pacific’ Research Centre is a boost to the Automotive Industry
- Dresser-Rand to supply equipment for CNOOC Limited’s offshore projects in China
- ONGC plans to double Gas Production in next 5-6 years – ONGC CMD
- Comments on draft National Energy Policy by Ajit Kapadia & Kirit Naik of CFSR - Part II
- Comments on draft National Energy Policy by Ajit Kapadia & Kirit Naik of CFSR - Part I
- ONGC declares results of Q1 FY’18; Reports 10.8% increase in Gas Production and 2.9% increase in Crude Production (QoQ)
- Black & Veatch wins India's first floating LNG project
- ONGC launches ‘Cleanathon Himalaya’ to clean three important tributaries of the Ganges
- MRPL 2017-18 Q1 results
- MRPL: Extract of Unaudited Standalone Finance Results for the Quarter Ended June 30, 2017
- ONGC posts net profit of Ra. 179 billion for FY’17, up by 10.9% YoY
- GAIL’s PAT up 57 % in FY 2016-17 year-on-year, touches Rs 35.03 billion
- MRPL: Extract of Financial Results for the quarter and year ended March 31, 2017
- MRPL: Unaudited Financial Results for the fourth quarter of FY 2016-17
- Gulf Petrochem Group Marks First-Ever Bunker Supply by Barge at Indian Port of Paradip in Odisa
- ONGC Exploration Highlights : 2016-17
- Statoil awards eDrilling contract for Automated Monitoring
- Essar Oil reports robust refining and retail growth in FY 2016-17
- Paradigm Expands its High-definition Software Suite in the Paradigm 17 Release
- Scientists Discover Electric Leopard
- Blackmer® Releases GNX & GNXH Series Pumps
- iEnergy Digital and eDrilling announce partnership to provide solutions for real time drilling excellence
- Prime Minister dedicates ONGC Petro additions Ltd (OPaL) Plant to the nation
- ONGC Board approves development of five projects with an investment of Rs.73.27 billion. Notifies 18 discoveries so far in FY’17
- S&P Global Platts to Reflect Norway's Troll Crude Oilin Brent assessments from January 2018
- Award of 31 Contract Areas under Discovered Small Field 2016
- Oilfield Helping Hands named 2017 beneficiary of OTC Distinguished Achievement Awards Luncheon
- India showcases World Delegates with the success of its unprecedented initiative of LPG penetration reaching 72%
- Low carbon technologies are now cost competitive with fossil fuels in report from Lloyd’s Register
- Economic Survey 2016-17
- Andhra Pradesh offers Single Window Service to ONGC operations
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June 25, 2018 |
Kuwait Prefers A Distance From Saudi: If UAE and Saudi Arabia have already done it, Kuwait cannot be far behind. In fact, Kuwait may end up as strategic partner in an operating Indian refinery long before the other two because Saudi and UAE are investing in a greenfield mega refinery which could take a few years to come up. The United Arab Emirates (UAE) has already honoured its initial commitments: started filling part of the crude storage cavern in Mangalore and signed a deal parting with 10 per cent stake to an Indian PSU in a producing field. It is expected to join Saudi Arabia as strategic partner in the Mega refinery on the west coast. Why did Kuwait shy away from investing in the mega refinery project? All the three are extremely friendly with the US though differ in the degree of antipathy towards Iran. Kuwait has never invested jointly with Saudi Arabia in any significant manner in any project across the world. Why? Kuwait wants to be seen different from Saudi Arabia? Any basic cultural difference between the two? Click Free Access column Petro Intelligence for an interesting story.
Donald Trump’s decision to re-impose sanctions on Iran has already begun to impact trade with Iran. No company wants to take a chance and are preparing to fall in line well before the deadline expires. Crude market has seen the rise and fall of prices on several occasions and Prices are decided exclusively by supply-demand mechanism as in any other commodity market. The government’s move to bring petroleum products under GST need not bring down prices of petroleum products. These are among the five subjects discussed in column Policy.
The Arbitration Tribunal’s award on gas migration case is keenly awaited by the upstream industry circles. Indian oil PSUs’ strength in infrastructure ensures that no foreign oil company entering India’s retail marketing can ever succeed without its support. These are among the four subjects discussed in column Regulation.
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. Click column Special Reports for details.
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Govt defers oil, gas field auction by a month
June 25, 2018: The government has deferred the bidding for 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) by a month. DSF-II was supposed to be launched around mid-June, but it won't happen before July, a senior government official said. He, however, did not give a more..
India as it will bring investments: HPCL
June 25, 2018: On a day the Organization of the Petroleum Exporting Countries (Opec) and its allies declared a modest increase in production, state-run Hindustan Petroleum Corporation (HPCL) indicated on Saturday though the move would stabilise prices, India as a consumer would like to see a further rise in supply to the more..
Petrol price cut for 4th day in row; Mumbai, Chennai see major relief
June 25, 2018: The state-owned Oil Companies decided to cut petrol price for the fourth consecutive day in various state capitals of India. Today, petrol price was brought down in the range of 14 paisa to 17 paisa per litre with Mumbai seeing major relief. Current cut in petrol price is much higher compared to previous day more..
Meet on Assam oil, gas yield
June 25, 2018: The Stakeholders Consultation on Hydrocarbon Vision 2030 for North East India on Saturday discussed plans for development of the oil sector in Assam. The conference was organised here by the Confederation of Indian Industry (CII), in association with Oil and Natural Gas Commission (ONGC), Oil India Limited more..
Next on agenda: Easier filing, bringing in petroleum items under GST
June 25, 2018: The first year of GST ushered in a series of changes in response to the initial “teething” problems–four rounds of rate cuts/rationalisation, suspension of GSTR-2 and GSTR-3 returns, tweaking rules for providing incentives for small firms and deferment of reverse charge mechanism. The indirect more..
Opec reaches deal to raise oil output by 1 million bpd from July
June 25, 2018: OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. However, the decision confused some in the market as OPEC gave more..
China Partners Nepal for Oil Exploration All Along The Indian Border
June 25, 2018: China expressed interest in conducting oil and gas exploration in Nepal in 2016. The China Geological Survey has drafted a preliminary work plan two months ago which was further sent to Department of Mines. In May 2016 feasibility analysis was done at different 10 locations in Nepal. What followed this survey more..
India to Revive Rupee Payment for Iran Oil Imports
June 25, 2018: India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from US sanctions, two government sources said. During a previous round of sanctions, India devised a barter-like scheme acceptable to Washington to more..
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Overhaul Energy Strategy Introduction
by Maj. Gen. S. 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...
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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...
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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.
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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...
Policy Paradox: Left Hand does not know what right hand is doing!!!
April 6, 2018: The Vadodara-based, Centre For Fuel Studies And Research (CFSR), has forwarded to www.indianoilandgas.com a copy of its report examining the policy paradox in the energy sector. The report makes interesting reading.
Click below links for more...
Larsen & Toubro
March 27, 2018: Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over 30 countries 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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Sanjib Datta Takes Over as MD of Mahanagar Gas Limited
 Sanjib Datta, Executive Director (Business Development), GAIL has taken over charge as Managing Director of Mahanagar Gas Limited. Datta, has a rich experience of over 32 years in handling multifarious more...
Manoj Jain appointed Director - Business Development at GAIL
 Manoj Jain has taken charge as Director (Business Development) of GAIL(India) Limited. Jain possesses rich and diverse experience encompassing more than 32 years with GAIL(India) Limited in the areas of Projects more...
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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 |
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Kuwait Prefers A Distance From Saudi
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Gridlocked Gas Grids: The Great Indian Tragedy
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Popular Angst: From Nadigram To Ratnagiri
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Winds Of Change Force Iran To Drop The Bluster
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ADNOC To Invest In Ratnagiri Refinery
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Niko Reports Results For The Year Ended March 31, 2018
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OVL Conditions Financing Of Venezuelan Oilfield On Clearing Past Dues
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Mongolia Launches Construction Of First Oil Refinery With Indian Aid
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Salient Features of LPG Profile In Fiscal 2017-18
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Net Gas Availability and Sectoral Gas Consumption in April 2018
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Approved LNG Export Facilities
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Domestic Gas Scene in April 2018
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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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India’s Cautious Shale Exploration
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Gas Sourcing & Sector Wise Supply – up to Q3 FY 2018
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CNG/PNG: Attractive Fuel Economics
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PNG Status As On October 1, 2017
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CNG activities in India as on 1st October, 2017
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Gross Refining Margins (GRMs) of Indian refineries during FY 2017-18
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IOC’s market share in pipelines, capacity utilisation and pipeline throughput
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Fuel-wise installed capacity of electricity generation in India as of Dec 2017
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Update - ONGC Overseas Assets
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Update: IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
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ONGC Group: Reserves April 1, 2018
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BPCL’s Indian and Global E&P Blocks
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Feedstock & Logistic cost
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Falling Solar Generation Costs
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Refinery-wise Naphtha Production
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India’s Petroleum Products Import Goes Up In April 2018
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Crude Import Drops In April 2018, Region-Wise Share of Imports.
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Power Situation In April, 2018
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Burgeoning Gap in Petrochemicals in India
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Shrinking Share Of Domestic Production In India’s Petroleum Products Consumption
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Existing Petrochemical units, their capacity and feedstocks
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Basin-wise Exploratory Inputs Expended by Private/JVs under PSC Regime
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India’s Solar Scene
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Exploratory Efforts Under Nomination, PSC Regimes
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Installed Solar PV capacity in select countries
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