Policy
The Threat Of Demand Dropping Takes Crude Prices Down
more...


India’s Consistently Rising Dependence On Imported Crude Oil
more...


India To Step Up E&P Activities At Deliberate Speed
more...


Charging Network Hampers Ambitious Plans For EV Adoption
more...


Refineries Perform Well, Production, Consumption Up
more...

Regulation
Prices Of Politically Sensitive Diesel, Petrol Land OMCs In Trouble
more...


What Triggered The Fall In Petroleum Products Export In June 22?
more...


AG&P’s Terminal To Raise India’s LNG Regassification Capacity
more...


One More Component Of LPG Subsidy To Go
more...

Alternative Energy / Fuel
Ethanol Blending With Petrol Program, Alternate Fuel Infrastructure Make Progress
more...

New Projects
Shelf Drilling Bags Offshore Rig Contract
more...


EIL Secures Order Worth Rs. 1540 Mn In Q1 FY 2022-23
more...


IOC Ready To Commission Its Aviation Fuel Station At Belagavi Airport
more...

Market Watch
India Revises Commitment To Reduce Emissions Intensity Of Its GDP By 45% By 2030
more...


LPG: 21 Million Customers Did Not Buy A Single Refill In FY ‘22
more...

Companies
DEEP.KBB GmbH
more...


Aban Offshore Receives LoA For Jack-Up Rig ABAN III From ONGC
more...


ONGC Awards Contract To Jindal Drilling And Industries Ltd
more...


SEAMEC II Vessel To Continue Deployment With ONGC
more...


MRPL To Expand Petrol Pump Network In Tamil Nadu, AP, Telangana
more...

Press Release [FREE Access]
Latest Exclusives
August 19, 2022: The Joint Venture Indradhanush Gas Ltd, the gas grid for the north eastern region is progressing well. This Gas Grid is an important component of the government’s Hydrocarbon Vision for the North and is partnered by Oil and Gas PSUs. The project is 43 per cent complete. Click column Gas Scene for details.

August 18, 2022: Originally, Mangalore Refinery and Petrochemicals Ltd (MRPL) was a refinery in Joint Venture with a private player. Now a subsidiary of state-owned ONGC, emerging as an Oil Marketing Company, (OMC), smaller in size compared to IOC, BPCL and HPCL but has begun to make its presence felt as a petroleum products retailer. How aggressive it will be in coming years? It depends on ONGC leadership. Click column Special Database for details.

August 10, 2022 | Crude imports: Risks of playing Russian Roulette | Russia’s share in India’s oil and gas requirement has never exceeded 2 per cent of its requirement. A recent Bloomberg report said Russia had replaced Saudi Arabia as the second largest supplier of crude oil in the month of June, largely because of the $19 per barrel discount it had offered in the previous month. However, this development does not move the needle by very much and experts believe that this blip will not make much of a difference in the immediate future. But there is one unpredictable factor in assessing the oil and gas market – and that is the ominous presence of Vladimir Putin. Fed up with the rash of economic sanctions against Russia, Putin acted swiftly to construct a natural gas pipeline to China. Experts do not rule out the possibility of Putin dangling a similar bait before India. After all, oil and gas is India’s Achilles heel. Indian companies can be accommodated in Russia’s expanding E&P sector whose fortunes have been buffeted by the spectacular exit of a couple of global oil giants. Indian public sector units have considerable investments in Russia’s upstream sector and have been scouting for more deals. Click Free Access Column Petro Intelligence to read a comprehensive piece on the subject.
Today's News [FREE Access]
India aims to have 15% gas in energy mix by 2030
August 20, 2022: GMTS started defaulting on supply to GAIL since late May and so far in the current calendar year, it has not supplied eight cargoes. For the full year, GMTS is supposed to supply 36 cargoes or 2.5 million tonnes to GAIL. India’s target to raise the share of gas in its energy mix to 15% by   more..


From refinery expansion to electric mobility, HPCL plans integrated energy push
August 20, 2022: Hindustan Petroleum Corp. Ltd. is pushing ahead with its refinery expansion and upgrading plans by investing millions of dollars in the oil portfolio, while tying up with leading global auto and other companies to expand its footprint in the electric mobility space in India.   The dual   more..


Crude oil prices higher on firmer crude demand; Brent hits $96.66/bbl
August 20, 2022: Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in US crude stocks, brushing off worries about a global economic slowdown. Brent crude futures LCOc1 climbed 7 cents, or   more..


Gail and Indus Gas agree new price terms
August 20, 2022: India's GAIL has agreed to pay at least $4.50/mmBtu, in gross calorific value (GCV) terms, for gas purchased from Indian concession RJ-ON/6 Block, operated by London-listed Indus Gas. Indus Gas says the price revision moves the pricing floor for GAIL's purchases up to the existing   more..


PNG prices reduced by Adani Total Gas across 19 geographical areas
August 20, 2022: Adani Total Gas Ltd (AGTL) has announced a reduction in the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) across 19 geographical areas that it caters to. In a statement on August 18, the Adani Group company said that the price reduction comes after the government increased the allocation   more..


India, Pakistan left in a lurch as gas deliveries get redirected to Europe
August 20, 2022: Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation. Pakistan’s government is triggering rolling blackouts and boosting power bills   more..


Drillmec bags oil rig orders from Oil India and ONGC
August 20, 2022: Drillmec India, part of the $4 billion Hyderabad-based Megha Engineering & Infrastructures (MEIL) group, has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India and ONGC. The $1.57 billion order book was achieved on the basis of orders from Oil India amounting   more..


ONGC, Oil India shares rise but BPCL, Reliance, Indian Oil dip as Street undecided on windfall tax cut
August 20, 2022: Shares of oil and gas companies like Oil India Limited and Oil and Natural Gas Corporation (ONGC) rose, while Reliance Industries and Bharat Petroleum Corporation Limited (BPCL) declined on Friday as the Street gave mixed reactions to the cut in windfall tax on locally produced crude oil.    more..

Petropulse / Guest Column
ICIS: Spotlight increases on chemical carbon footprints
Joseph ChangScope 1 and 2 emissions are the ‘easy’ parts to address on the road to net zero greenhouse gas (GHG) emissions – reducing the emissions you produce (Scope 1) and the emissions from 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
Ranjit Rath Takes Over As CMD Of Oil India Limited
Ranjit RathRanjit Rath has taken over as new Chairman and Managing Director (CMD) of Oil India Limited (OIL). Rath is a Geoscientist with experience and expertise of more than 25 years in the field of geosciences and more...

Vandana Sharma Term As Secretary PNGRB Extended
The Appointments Committee of the Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas to extend The tenure of Vandana Sharma, secretary Petroleum and Natural Gas Regulatory Board by six months beyond 25 July 2022. She is joint secretary level officer belonging to the Central Secretariat Service 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
Crude Imports: Risks Of Playing Russian Roulette
more...

Swing A Wrecking Ball Before Privatisation Of Refiners
more...

Overhaul selection process for ONGC, OIL leadership positions
more...

LNG Import Deal: India Needs Clean And Tough Negotiators
more...

Foreign Investment
Synergia Energy Says Fracking of Cambay Well Returns Initial Positive Results
more...


DEEP.KBB Forms Strategic Alliance With EIL
more...

Overseas Investment
Cabinet Approves Additional Investment By Bharat PetroResources In Brazil
more...

Gas Scene
Indradhanush Gas Grid Limited To Be Completed As Scehduled
more...


The Slowly Expanding Natural Gas Pipeline Network
more...


Sectoral Consumption of Natural Gas
more...


Rising Price Of LNG Slows Down India’s Import
more...


Domestic Natural Gas Scene In June
more...


Trends In Natural Gas Prices: Global And Domestic
more...


Sectoral Consumption Of Natural Gas, May 2022
more...


Domestic Natural Gas Scene in May 2022
more...


Essar, GEECL, Make Significant Progress In CBM Gas Development
more...


Sector-wise Consumption of natural gas in April 2022
more...


Trends In Natural Gas Prices: Global And Domestic
more...


LPG Consumption Continues Grow Forcing Larger Import
more...


Domestic Natural Gas Scene: Production Marginally Up, Consumption Down
more...


LPG Profile Based On LPG Marketing In FY 2021-22
more...


Natural Gas Price Trends: Global and Domestic
more...


Sector-Wise Consumption Of Natural Gas
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
MRPL Emerging As An Oil Marketing Company
more...


Indian Oil Corporation Has An Upstream Presence
more...


Oil India’s Expanding E&P Operations Overseas
more...


Declining Domestic Share In Petroleum Products consumed
more...


Domestic Oil & Gas Production vis-à-vis Overseas Production
more...


Percentage share of petroleum products in export: April to June 2022
more...


India’s Refineries & Their Refining Capacities
more...


Oil India’s Short Term Growth Strategy
more...


Distillate Production and POL Production
more...


India’s Petroleum Products Export Marginally Down, Import Up In June
more...


What is Russia’s Share in India’s Crude Oil Import During April-June 22?
more...


Analysis Of Crude Oil Processed By Indian Refineries In June 2022
more...


Any Unusual Fluctuation In Production/Consumption Figures Of Petroleum Products in Recent Months?
more...


Crude Processing Makes A Remarkable Recovery in FY 2021-22
more...


India’s Domestic Crude Production Maintains A Discipline In Fall
more...


India’s oil import Bill: An Update
more...


Russia Is India’s Second Largest Crude Oil Supplier
more...


Average Indian Crude Basket Price In June
more...


How Much Petroleum Products Did India Produce And Consume In April-May 2022?
more...


Power Supply Deficit Position Promotes Diesel Sale
more...


LPG Consumption Presents A Dull Picture In May 2022
more...

Tenders [FREE Access]
ONGC
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved