Policy
Indian Industry Resisting Costly LNG, Import Declines
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Crude Prices Slide As Demand Concerns Outweigh Supply Fears
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India Exploring Oil Imports From Latin America
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Govt. Keen To Bring Petrol, Diesel Under GST Regime
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Despite High GRMs State PSUs End Up In Losses Again
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Regulation
Windfall Tax Plays Havoc With Upstream Major ONGC’s Profits
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Shale Gas Exploration: To Abandon Or Not To Abandon Is The Question
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LPG ( Domestic) Most Politically Sensitive Petroleum Product?
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SHV Energy In Close Race With Ageis, Vopak In LPG Terminal Facility
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Alternative Energy / Fuel
HPCL’s Innovative Project To Convert Cow Dung To Biogas
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New Projects
Engineers India Bags Order From Chennai Petroleum Corporation
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NLC To Set Up Methanol Project
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NRL Oil Import Terminal Project Gets Underway
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Market Watch
GoGas Launches 425 Kg LPG Cylinders
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Companies
Corrtech International Ltd
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Adani Acquires Stake In Indian Oiltanking
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First Batch Of ATF Flagged Off From IOC Barauni
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Press Release [FREE Access]
Latest Exclusives

December 7, 2022: Decision to subsidise petroleum products has been a deliberate policy decision of the successive governments. Subsequently, these governments followed a policy of pruning it. Subsidy touched an incredible low in FY 2021-22, almost on the verge of elimination before the Ukraine war started. Click column Special Database for details.


December 6, 2022: The story of India’s petroleum products surplus begins in FY 2001-02. Today, India is rated as Asia’s largest exporter of petroleum products. Starting with a surplus of 3.9 million tonnes in FY 2001-02, it rose to a high of 62.3 million tonnes in FY 2013-14. Since then, the surplus began to shrink but rose to 51.6 million tonnes in FY 2021-22. Click column Special Database for details.

November 25, 2022 | The Lost Terminals: Writing On The Wall That No One Seems To See | The 1400 km -long HBJ gas pipeline, constructed in time by the Spie Capag-led consortium, remained totally unutilised for close to five years. The appalling situation arose because of the lack of coordination among the various wings of the government, mainly between the ministries of petroleum and natural gas and Chemicals and Fertilizers. The author finds a similar situation developing as a host of companies feverishly draw up plans to build terminals for import and re-gasification of Liquefied Natural Gas (LNG). Except in the case of terminals located at Dahej and Hazira in the western state of Gujarat, the capacity utilisation of the other terminals is abysmal at less than 20 per cent. In the case of Indian Oil Corporation’s terminal at Ennore, near Chennai in Tamil Nadu state, it is as low as 12 per cent. The performance picture will be drastically different when the 5 million tonne per annum terminal at Dhamra in the state of Odisha, which is at an advanced stage of construction, comes on stream. This is because the main promoter of the terminal is the Adani group. Click Free Access Column Petro Intelligence to read an exciting piece on the subject.
Today's News [FREE Access]
Jaishankar schools European Union on Oil and Gas imports in front of German Foreign minister
December 7, 2022: India has time and again cleared it that the country will continue its import of Russian oil to suit the requirement of its citizens. However, the Western and European media appears to have not learnt its lesson. External Affairs Minister S Jaishankar again schooled a journalist who questioned India's oil   more..


Robust infrastructure necessary for India to achieve energy security
December 7, 2022: Stakeholders in the oil and gas industry believe that India needs to tap every source of energy in order to continue its growth trajectory. This seemed to be the unanimous opinion of the experts in the domestic oil and gas industry. There also lies the need for a solid infrastructure to support this   more..


HPCL seeks December gasoline supplies
December 7, 2022: India's state-run Hindustan Petroleum Corp. (HPCL.NS) issued a prompt tender for the import of 40,000 tonnes of non-oxygenated 91 RON gasoline for delivery on Dec. 11-25, market sources said. The tender closes on Tuesday. The refiner had earlier sought 40,000-55,000 tonnes of   more..


Fitch Expects Windfall Tax To Be Phased Out In 2023
December 7, 2022: Fitch Ratings on Tuesday said it expects the five-month-old tax on windfall profits made by oil companies to be phased out in 2023 on the back of moderating oil rates.   The government had on July 1 levied a new tax on domestically-produced crude oil as well as on the export of petrol,   more..


FuelBuddy partners with HPCL to enter lubricants market
December 7, 2022: Doorstep fuel deliveryservice provider FuelBuddy has entered the lubricants market in India in collaboration with Maharatna Hindustan Petroleum Corporation Ltd (HPCL). Customers can place orders of automotive lubricants as per their requirement on the FuelBuddy app after which it will be   more..


India’s oil & gas industry IT recruitment activity drops 19.5% in November 2022
December 7, 2022: India’s oil & gas industry registered a 19.5% drop in IT hiring activity in November 2022 when compared with the previous month, according to GlobalData’s Job Analytics database. The industry’s overall hiring is decreased by 15.12% in November 2022 when compared with October 2022.    more..


Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
December 7, 2022: The Central government should moderate the excise duty levied by it on CNG till natural gas is included in GST regime, recommended the Kirit Parikh committee. The Parikh Committee was formed to recommend fair price of gas to the end consumer and a ‘market-oriented, transparent and reliable pricing   more..


Cummins India to be future-ready with ICE-hydrogen, CNG and LNG engines
December 7, 2022: The megatrend of electrification is starting to see legacy and new players introduce their electric vehicle offering globally. But is the over century-old Internal Combustion Engine (ICE) in its last leg? The answer is No. Ashwath Ram, MD, Cummins India believes that there will be areas where   more..

Petropulse / Guest Column
Technology breakthrough transforms flaring gas to clean hydrogen
By Michael Stusch, CEO, H2 Industries | Gas flaring is now recognized as a major contributor to the emission of harmful gases affecting climate change and society by creating increased incidences of cancer in communities close to flaring sites. Sadly, flaring has been around for more than 150 years since 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
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
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
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 sustainable 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...

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
New Additional Secretary In MoPNG
Kamini ChauhanMs Kamini Chauhan Ratan is appointed as AS&FA, Ministry of Petroleum & Natural Gas. Currently, she is Joint Secretary, Department of Higher Education. more...

Pankaj Kumar Given Additional Charge At ONGC
Pankaj Kumar Oil & Natural Gas Corporation announced that Pankaj Kumar, Director (offshore), has been entrusted with the additional charge of the post of Director (HR), by the Ministry of Petroleum and Natural more...

Adani Group Appoints Phuntsok Wangyal As New CFO
Phuntsok WangyalAdani Green Energy Limited (AGEL) has appointed Phuntsok Wangyal as the Chief Financial officer (CFO), effective November 11, 2022. He succeeds Kaushal Shah. Wangyal has over 20 years of experience in the 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]
The Lost Terminals: Writing On The Wall That No One Seems To See
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Why Modi Must Abandon Hopes Of Privatising BPCL
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Sakhalin-1: More Than A Game Of Russian Roulette
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Gas Pricing Linked To Global Benchmarks: A Flawed Concept?
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Foreign Investment
Nayara Exports 4.46 Million Tons Of Petroleum Products
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SHV Energy Expands Its LPG Terminal At Tuticorin
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Overseas Investment
EIL Bags Integrated NGL And CCGT Power Plant Project In Guyana
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Gas Scene
Domestic Natural Gas Scene In October 2022
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Natural Gas Price Trends: Global and Domestic
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Sectoral Consumption of Natural Gas In September
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Domestic Natural Gas Scene in September
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene In August 2022
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MGL Remains A Remarkably Efficient CGD Company
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Natural Gas Price Trends: Global And Domestic
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LPG Marketing Profile For The Period April-June 2022
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Trends In Natural Gas Prices: Global And Domestic
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Domestic Natural Gas Scene In July 2022
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Indradhanush Gas Grid Limited To Be Completed As Scehduled
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The Slowly Expanding Natural Gas Pipeline Network
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Sectoral Consumption of Natural Gas
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Rising Price Of LNG Slows Down India’s Import
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Domestic Natural Gas Scene In June
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Subsidy/Under-recovery On Petroleum Products On The Verge Of Elimination Before Ukraine War
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Story of India’s Petroleum Products Surplus
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Consumption Pattern of Petroleum Products From FY 2011-12
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LPG Marketing Performance Profile
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Power Situation Improves, To Dampen Diesel Sales
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India’s Declining Crude Production: Domestic And Overseas
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New Exploration Acreage Blocks Still Under Operation
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Marginal Increase In Total Installed Refining Capacity
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An Analysis of Consumption trend in Petroleum Products
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Petroleum Products: Both Import And Export Drop In October
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India’s crude Oil Import From OPEC Declines In October
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Analysis Of Crude Oil Processed In Indian Refineries
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Impressive Sale Performance of Passenger Vehicles, Two/Three Wheelers
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Petroleum Products Consumption Registers 3.4% Growth In October
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Declining Domestic Share In Production Of Petroleum Products
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Plant Fuel & Loss
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Price Movements In Indian Crude Basket
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Imported Crude & Domestic Crude Oil Processing
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Ethanol Blending With Petrol Program Refuses To Pick Up Speed
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Production and consumption of petroleum products
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Petroleum Products: Import Marginally Up, Exports Down In September
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OPEC Share In India’s Crude Import Drops, Russia’s Jumps
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Analysis Of Crude Oil Processed By Indian Refineries
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Tenders [FREE Access]
ONGC
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