Policy
Spectre Of Sanctions On Iran Do Not Alarm Crude Importers
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India’s Petroleum Products Market Still Unpredictable
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Indian Refineries To Process More Sour Crude In Future
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Rising Import Intensity In Total Consumption Of Oil & Gas
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Question Mark Over Mega Refinery Project In Maharashtra
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Regulation
Powers To Award Oil & Gas Blocks Delegated To Two Ministers
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Vedanta Makes A Difference To Maiden OALP Round
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India Moving Towards Top Slot In LPG Importers Rank
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Downstream Regulator Keen To Make Up For Past Inertia
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Alternative Energy / Fuel
Permission Granted For 100% Ethanol–run Vehicles
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New Projects
India’s First FSRU Based LNG Terminal Inaugurated
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LR To Class FSRU Ordered For Indian Waters
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Mitsubishi Licences Technology To IOC For Manufacturing Acrylic Acid
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Adani Inks Pact With IOC To Offer LNG Re-Gasification Services At Dhamra
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Market Watch
Shell Lubricants And Hyundai Complete A Decade Of Partnership In India
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Companies
Seadrill Ltd
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ONGC Invites Bids For Boosting Output At 2 Oilfields
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John Energy Gets SEBI Nod For IPO
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Castrol India Posts Record Profit In Q1 2018
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Press Release [FREE Access]
Latest Exclusives

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. Click column Special Reports for details of various projects under implementation in the Rajasthan field.


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 Column Special Reports for details.
May 17, 2018: We had already uploaded details of exploratory inputs by PSUs/private companies under Nomination/ PSC regimes. Uploaded now are details of basin-wise exploratory inputs expended by private/ JVs in terms of 2D, 3D seismic and exploratory wells as on October 1, 2017. Click column Special Database for details.

May 16, 2018: Country-wise, India ranks fifth in solar capacity after China, Japan, US and Germany. However, both India and China are growing their solar capacities at a CAGR of about 100% since 2010. Click column Special Database for details of India’s Solar Scene.

May 9, 2018: Winds of change force Iran to drop the bluster | Iran never believed in conventional diplomacy. India is one of the three or four countries permitted to trade with Iran during the days of sanctions. After sanctions were lifted, the relationship between the two countries should have strengthened further but it deteriorated steadily with both sides creating a lot of sound and fury. Suddenly, Iran is exuding warmth to India and is seeking to entice Indian crude importers with a lot of incentives. At a time when crude prices are surging, Indian importers will certainly opt for cheaper crudes. There are other positive signs as well. What could be the secret behind this warmth? Not strictly commercial. Nor can it be the threat of sanctions by President Donald Trump. The only other significant development in recent weeks has been Saudi Arabia’s decision to make a large investment in a refinery in India. Yes, Iran is worried. Click Free Access column Petro Intelligence to read an authentic story.

Today's News [FREE Access]
Petrol, diesel touch all time highs as oil companies hike rates
May 21, 2018: Petrol price today touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers. Petrol price today increased by 33 paisa a litre in Delhi - the highest since the daily price   more..


Saudi Arabia Provides Assurances to Ensure Adequate Oil Supplies for Healthy Global Growth
May 21, 2018: Saudi Arabia announced on Friday that it was holding consultations with other oil producers in and outside OPEC, in a move aimed at securing the world’s supplies are adequate to support economic growth after prices hit $80. Oil rates touched $80 a barrel for the first time since 2014. Energy Minister   more..


Chakraborty made secretary of investment dept
May 21, 2018: Atanu Chakraborty, the 1985-batch Gujarat cadre IAS officer presently serving as the director general of hydrocarbons, has been appointed secretary in the department of investment and public asset management. Chakraborty last served in Gujarat as managing director Gujarat State Petroleum Corporation (GSPC).   more..


Reintroduce Administered Prices on Petro Products: CPI
May 21, 2018: The National Secretariat of the Communist Party of India today demanded reintroduction of administered price mechanism on petroleum products. In a statement here, S Sudhakar Reddy, General Secretary, said the prices of petrol and diesel since May 14, 2018 have been on the rise and will continue unabated unless   more..


IOC teams up with MCPI to set up Rs 10 billion polyester unit in Odisha
May 21, 2018: Indian Oil Corporation (IOC) is teaming up with Chatterjee group arm, MCPI to set up a Rs 10 billion polyester staple fibre (PSF) unit in Odisha. This is part of an overall investment drive taken up by the state government to attract big ticket investment in downstream units across industries in the state.    more..


Inox Wind reports Rs 550 million net loss on dip in revenues
May 21, 2018: Inox Wind on Friday reported a consolidated net loss of Rs 550 million in the quarter ended March 2018 as against profit of Rs 1.27 billion in the corresponding period of last year, mainly on account of a dip in revenues. During the quarter, the company's consolidated total income decreased to Rs 2.0564   more..


Gulf Oil Lubricants India Ltd FY18 net profit surges to Rs. 1585.5 million
May 21, 2018: Gulf Oil Lubricants India Ltd. has reported financial results for the period ended March 31, 2018. The company has reported net sales of Rs.3.8039 billion during the period ended March 31, 2018 as compared to Rs.3.3899 billion during the period ended March 31, 2017. The company has posted net profit of Rs.413.5   more..


Work on promoting methanol as future fuel under way’
May 21, 2018: Noting that research on methanol, an alternative fuel, was important, V. K. Saraswat, member of NITI Aayog and chairman of Combustion Institute-Indian Section, said methanol was a direct replacement for diesel and a “clean burning fuel”. “Fuels are getting depleted due to its use for generating   more..

Petropulse / Guest Column
Overhaul Energy Strategy Introduction
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)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...

IOG Exclusive
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...

LNG sector continues to see considerable action
The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs ONGC, GAIL (India) more...

Chinese firm acquiring part of Rosneft has implications for India
In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the Qatar Investment more...

Special Reports
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. more...

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...

Action on Climate Change- Better Late than Never
March 9, 2018: The Vadodara-based Centre For Fuel Studies and Research (CFSR) has prepared a report on Climate Change. The Report has been given to www.indianoilandgas.com for the benefit of its subscribers. Click HERE to read Report. more...

Agreement to acquire stake in ADNOC’s concession significant for India
Mohammed Bin Zayed Al NahyanFebruary 13, 2018: In a significant development during the visit of Indian Prime Minister Narendra Modi to the United Arab Emirates (UAE), ONGC Videsh Ltd (OVL) and its partners 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
A.K Jena Is New CEO Of GAIL Gas
Asit Kumar JanaAsit Kumar Jana has taken over as the Chief Executive Officer, GAIL Gas Ltd. GAIL Gas Ltd is a wholly-owned subsidiary of PSU GAIL (India) Ltd, engaged in City Gas Distribution business across more...

Ailawadi Appointed Director (Finance), CPCL
The Appointment Committee of the Cabinet cleared the appointment of Rajeev Ailawadi CGM, IOC to the post of Director (Finance), Chennai Petroleum Corporation Limited (CPCL). more...

Vijh Appointed Director (Tech) EIL
Lalit Kumar VijhThe Appointments Committee of the Cabinet cleared the appointment of Lalit Kumar Vijh to the post of Director (Technical) Engineers India Limited. Vijh has been an Executive Director of Technical more...

Indian Petro Scene - In a Nutshell
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.

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Petro Intelligence [FREE Access]
Winds Of Change Force Iran To Drop The Bluster
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India: Going From A Pawn To A King On The Oil Chessboard
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Refinery Talks With Aramco: What’s At Stake?
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Rocky Ties With Iran
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Foreign Investment
Kuwait Petroleum Eyes Stake In India’s Bina Refinery
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Overseas Investment
Petronet LNG Plans 4 Overseas LNG Terminals
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Gas Scene
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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Domestic Natural Gas Scene in March 2018
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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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Gas Sector Growth - China and India
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Gas share in Energy-Mix India
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Gas Share in Energy in select countries
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Gas pipelines under execution / construction as on 1st November, 2017
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Capacity Utilisation of Gas Pipeline Network as on 1st October, 2017
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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Kochi Refinery (BPCL) Flow Diagram
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Domestic oil & gas production vis-à-vis overseas production
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India’s Imports & Exports of Petroleum Products in March 2018
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Region-Wise Import Of Crude In March 2018
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Power Situation In March 2018
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Exploratory Efforts By ONGC And OIL, Private Parties/JVs
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Appraisal status of Indian Sedimentary Basins
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Basin-Wise PEL & PML With Private/ Joint Venture Companies as on 1st January, 2018
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PEL and PML held by ONGC and Oil India Ltd as on 1st January, 2018
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India’s Sedimentary Basins & Their Contribution To Oil & Gas Production
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Foreign Direct Investment Inflows: An Update
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Update on Cairn India Ltd’s producing Barmer block, Rajasthan
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14 Oil & Gas Field Development Projects under implementation of ONGC
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Basin-wise break-up of proven and estimated hydrocarbon reserves
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ONGC Crude Oil Production Projection by 2022
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Break-up of Petroleum Products Consumption (PSU and Pvt.)
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ONGC Takes Up 6 Major Projects worth Rs 77 Billion
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India’s Declining Self-Sufficiency in petroleum
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Tenders [FREE Access]
ONGC
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