Policy
Policy Continuity Likely To Be The Hallmark Of The New Government
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OPEC+ Decision To Increase Production Sends Crude Price Down
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India Negotiating Higher Crude Quantities With Middle East Suppliers
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Transition To Electric Vehicles To Impact Lubricant Market
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When Will Piped Natural Gas replace domestic LPG?
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Regulation
Natural Gas To Be Brought Under Goods And Services Tax
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FAME-III In The Offing, Rs 100 Billion Outlay Likely
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Govt. Reviving Discovered Small Field Policy
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Doubling Dhamra Capacity, To Set Up More Terminals: Adani-Total’s LNG regasification Capacity Expansion Plans
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Alternative Energy / Fuel
India wants 30 Percent Share for Electric Vehicles
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New Projects
Suzlon Secures A New Order Of 81.9 MW Project
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BPCL To Set Up 71 MW Ground Mounted Solar Power Project
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Market Watch
TotalEnergies Signs SPA With IOC For LNG Delivery
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Companies
ENGIE
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BPCL Onboards Media Tech Company Signpost India To Increase Its Non-Fuel Revenue
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MG Motor India And HPCL Join Hands To Boost The EV Charging Infrastructure
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Press Release [FREE Access]
Latest Exclusives
June 12, 2024: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) oil prices. It is used as an indicator of the price of crude imports in India .Click column Special Database for price movements in IB in May 2024.

June 11, 2024: India is ranked the world’s fourth largest importer of Liquefied Natural Gas (LNG). But domestic demand shrinks whenever LNG prices go up in the spot market. This is precisely what happened in FY 22 and FY 23. Click column Gas Scene for a total picture.

June 10, 2024 | Time To Go Big On Crude Oil Deals With Russia: www.indianoiland gas.com in a previous article in its column Petro Intelligence argued that President Putin knows that India is a dependable market for Russia which can consume a significant portion of Russia's gas and oil. But Russia should agree to make its crude cheaper for India, a special deal which calls for a political will on the part of that country. Last week, Mukesh Ambani-controlled Reliance Industries Limited signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles. The deal accounts for only 2% of India's crude imports annually and under 7% of Reliance's annual crude consumption! What was truly mystifying was the fact that the discounts/premiums over the Dubai benchmarks amounted to just $ 1-3 per barrel. The only real benefit was the fact that it was a year-long contract (instead of spot purchases on the high seas) and denominated in roubles (instead of the usual mix of INR, UAE Dirhams and Chinese renminbi). Click Free Access column Petro Intelligence for details.
Today's News [FREE Access]
New govt not in favour to sell stake in OMCs, says Oil Minister Puri
June 12, 2024: The Centre is not in favour of divesting the government's stake in oil marketing companies, said Oil Minister Hardeep Singh Puri on Tuesday. In addition, the Centre will make efforts to bring petrol, diesel and natural gas under the ambit of Goods and Services Tax (GST), ETNow cited Puri as   more..


Suresh Gopi Minister of State Petroleum and Gas but not before lighting a fire of his own
June 12, 2024: Suresh Gopi, the man who breached Fortress Kerala for the BJP by winning the Thrissur Lok Sabha election, is now officially a minister in Modi 3.0. The film star was named the Minister of State in the Ministry of Petroleum and Natural Gas and Minister of State in the Ministry of Tourism on   more..


BPCL plans to set up new refinery for Rs 500 bn
June 12, 2024: State-run Bharat Petroleum Corporation (BPCL) plans to set up a new 12 million metric tonnes per annum (MMTPA) refinery in the country, two industry officials aware of the development told ET. The state-owned oil marketing company will invest around Rs 500 billion in the project for which it is currently   more..


Pralhad Joshi Assumes Charge Of Ministry Of New And Renewable Energy
June 12, 2024: Shri Pralhad Joshi took charge as Union Minister of New and Renewable Energy in addition to his portfolio of Minister of Consumer Affairs, Food and Public Distribution, at Atal Akshaya Urja Bhawan today. Shri Shripad Yesso Naik also assumed charge as the Minister of State in the Ministry of New and Renewable   more..


Oil India invites job applications for Director (HR); apply before July 1
June 12, 2024: Oil India Recruitment 2024: Oil India Limited (OIL) has released a job notification through the PESB portal for the engagement of Director (Human Resources). Eligible and interested candidates can apply for the job before July 1. The Director (HR) post in OIL set to fall vacant on January 1, 2025. Presently,   more..


JSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan
June 12, 2024: JSW Energy on Monday said it has commenced the construction of 1 gigawatt hour (GWh) battery energy storage system project at Fatehgarh in Rajasthan. The company bagged the project from Solar Energy Corporation of India Limited (SECI) recently, JSW Energy said in an exchange filing    more..


Suzlon Energy gains on bagging 103.95 MW order from AMPIN Energy Transition
June 12, 2024: Suzlon Energy added 1.71% to Rs 48.16 after the company said that it has secured a 103.95 MW order from AMPIN Energy Transition to supply 33 wind turbines with a rated capacity of 3.15 MW each. Suzlon will install 33 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a   more..


Cairn Oil & Gas Commences Commercial ASP Injection In Mangala
June 12, 2024: Vedanta Ltd - Cairn Oil & Gas commences India's largest commercial ASP Injection in Mangala, Rajasthan. (Source: Reuters)    more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Double Trouble
By R. Sasankan If you ignore history, you are condemned to repeat it. The stark truth of this aphorism came back to me the other day when I read a Reuters report that said Indian Oil Corporation was aiming to double the capacity of its liquefied natural gas more...

Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan Parliamentarians in India have a heart-warming desire to shape public policy; the trouble is that in their eagerness to do something - anything - they can allow the nobility of their intention to smother the practicality of their proposed interventions. In their zeal more...

Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan India is a country of many paradoxes – and it is this quality that makes it hard for policy makers to find the right palliative for its myriad problems. The country is one of the fastest growing economies in the world and hopes to become a $ 5 trillion more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

West Coast Refinery Continues To Battle A Jinx
By R. Sasankan Industrial projects in India can never seem to skirt controversy and invariably go through a prolonged period of uncertainty as promoters fret over the roadblocks they face. The intensity of the controversy is directly proportional to the size of the more...

Can The Downstream Man Bail Out ONGC?
By R. Sasankan “New Delhi: Under-investment in the Oil & Gas sector could hamper India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil and Natural Gas Corp (ONGC), has warned. National Oil Companies around the world are facing increasing pressure more...

Oil PSUs In Trouble Again
By R. Sasankan International price of crude oil has risen by 30% in the third quarter of 2023. Global crude oil inventories are at seasonal lows and production cuts, announced transparently by OPEC+ till the end of December 2023 amount to about 3.3 million barrels a more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Special Reports
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
Surya P. SethiMay 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South. Click more...

Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade. more...

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...

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
NV Pillai Selected For Director Refineries At MRPL
The Public Enterprise Selection Board (PESB) has selected Nandakumar Velayudhan Pillai for the post of Director (Refineries), Mangalore Refinery & Petrochemicals Limited (MRPL). Currently, Pillai is working as Group General Manager (Corporate Strategy), Mangalore Refinery & Petrochemicals Limited. Subject to requisite more...

IOCL Chairman S.M. Vaidya Denied Further Extension
S.M VaidyaThe Ministry of Petroleum and Natural Gas, has issued an advertisement for the position of Chairman at Indian Oil Corporation Limited (IOCL). The present Chairman, Shrikant Madhav Vaidya, who was granted more...

IES Meenaxi Rawat Receives 2-Year Extension As Chief Vigilance Officer, BPCL
Meenaxi RawatThe Central Government recently approved the extension of the tenure of IES officer Meenaxi Rawat as the Chief Vigilance Officer (CVO) of Bharat Petroleum Corporation Limited (BPCL). She will serve in 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]
Time To Go Big On Crude Oil Deals With Russia
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Time For India To Revisit Gas Policy
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Natural Gas: Still Dreaming Big
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Crude Imports: The High Stakes In A Game Of Russian Roulette
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Foreign Investment
Sun Mobility Forms Joint Venture With Indian Oil For Battery-Swapping Business
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Engie To Double Renewable Energy Capacity In India To 2.2 GW
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Overseas Investment
UAE’s ADNOC Invites India To Invest In Ruwais LNG Facility
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Gas Scene
Rise And Fall In India’s LNG Imports
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India’s Rising LNG Imports
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Domestic Natural Gas Scene in April 2024
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India’s LNG terminals Suffer From Low Capacity Utilisation
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Compressed Bio Gas Development In India
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Coal Bed Methane (CBM) gas development in India
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Natural Gas Pipeline Network In India
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India’s Rising LPG Consumption
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Break-Up Of R-LNG, Domestic Gas Consumed by Major sectors Of Indian Economy
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Price Factor Influencing Gas Import Dependency
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Domestic Natural Gas Scene in FY 2023-24
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Sectoral Consumption of Natural Gas (Qty in MMSCM) in February 2024
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Domestic Natural Gas Scene Presents A Bright Picture In February 2024
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Sector-wise Consumption Of Natural Gas
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Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024
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Near Total LPG Penetration Achieved
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Indian Crude Basket Prices In May 2024
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Power Situation Heading For Difficult Days
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Domestic Oil & Gas Production vis a vis Overseas Production
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India Lowers Capital Expenditure Targets Of PSU Oil Cos In FY 2024-25
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April Registers Impressive Growth In Petroleum Products Consumption
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Huge Increase In Petroleum Products’ Import, Exports Up By 10%
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India’s Crude Oil Imports Up 7%, Russia’s Share 39.1% In April 2024
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Analysis Of Crude Oil Processed In April 2024
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Petroleum Sector Retains Top Position As Revenue Contributor To Union and State Govts
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India’s Widening Petroleum Industry Marketing Infrastructure
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How Prices Moved In Indian Crude Basket In April 2024?
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Crude Processing Targets, Actual performance
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Share of High Sulphur Crude In Processing Goes Up Sharply
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Production And Consumption Of Petroleum Products In FY ’24
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Crude Oil Import Value Comes Down In FY ‘24
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Ethanol Blending With Petrol Program slows After Touching All Time High
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Stagnating Domestic Crude Oil Production
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Distillate Production In Indian Refineries
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Tenders [FREE Access]
ONGC
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