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India’s Persisting Fury Against Rising Crude Oil Price
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India’s Push For Green Hydrogen Assumes Deliberate Speed
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Mukesh Ambani Unveils Reliance’ Push Into New Energies
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ONGC May Come Under Pressure To Vacate NER In Favour Of OIL
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Consumption Of Transportation Fuels On Recovery Path In June
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National Gas Grid, Eluding But Attainable
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Oil India’s Entry Can Make A Difference In Tripura
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Ethanol Blending In Modi Govt.’s Scheme Of Things
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CNG Up In Popularity As Prices Of Petrol, Diesel Surge
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NTPC Renewable Energy Inks Pact To Sell Power From 150 Mw Solar Project
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IndianOil Accords Stage-I Approval For Setting Up Styrene Monomer Project
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Maire Tecnimont Wins $ 170 Mn EPCC Contract For New PP Plant
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HPCL Plans 215-Km LPG Pipeline
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Steelbird International Launches New Range Of Lubricants
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Crown LNG
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IGL Exploring Several New Businesses
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Sharika Enterprises Receives Six LOIs From Indian Oil Corporation
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Thermax Group Wins Rs. 2.50 Bn Order For A Greenfield Refinery In Latin America
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- New "CERAWeek Convesations" - IGU President Joe Kang Says Natural Gas is a “Hand-in-Hand” Partner to Renewables, the Future of LNG is “Very Bright” and Why There is “No Yellow Brick Road in Energy Issues”
- ONGC declares results for FY’21; posts net profit of Rs 112.46 billion for FY’21
- IHS Markit: Canadian Oil Sands Production Exceeds Pre-Pandemic Levels, But Lingering COVID / Other Factors Trim Long-Term Growth
- Technip Energies collaborate with Agilyx on polystyrene recycling technology
- Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
- India to lead global planned and announced oil and gas trunk pipeline length additions by 2025, says GlobalData
- IHS Markit: Rankings Show United States Already the World’s Most Attractive Market for Renewables Investment
- ONGC to play larger role in country’s pursuit of energy security
- ONGC Videsh consortium: LGN project in Mozambique put on hold due to force majeure
- Daniel Yergin: Electric Vehicles Just a Piece of the “Auto-Tech” Puzzle That’s Creating a Radically Different Car Economy of the Future
- Welltec signs Long-Form contract with Saudi Aramco
- Asia continues to drive global refinery CDU capacity additions by 2025, says GlobalData
- Cloud-powered AI produces most detailed mapping ever seen of Earth's crust and lands AWS award for geophysics start-up S-Cube.
- Halliburton looks to international opportunities and growth as North American market wanes, says GlobalData
- S&P Global Platts: India's FY2021-2022 transport fuel consumption to remain expansionary as COVID-19 fears ease
- ONGC acquires 5% stake in Indian Gas Exchange (IGX)
- AVEVA, ADNOC and ARC Conclude that Digital Transformation will Increasingly Drive Sustainable Business Practices in a Post-Pandemic World
- Total Oil India Private Limited (TOIPL) launches innovative LPG cutting gas to improve customer safety and operating performance
- U.S. Secretary of Energy Jennifer Granholm to Deliver Inaugural Address at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- The Prime Minister of India, Hon. Shri Narendra Modi to Deliver Keynote Remarks at CERAWeek by IHS Markit 2021 -- virtual event March 1-5
- ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi-specialty Hospital at Rajabari
- US Gulf Coast storm outages send ripples round global markets
- Oil & Gas Upstream Industry Vision 2050 Charted Out at the Upstream Ahead Summit
- ONGC declares results for Q3 FY’21: Posts net profit of ₹13.78 billion; declares interim dividend of ₹ 1.75/share
- US to drive global crude oil trunk/transmission pipelines growth by 2024
- 5th Edition - India Refining Summit 2021 - March 25th -26th , 2021, Le Meridien New Delhi
- Siemens Energy delivers energy storage solution for Maersk Drilling’s first hybrid, low-emission jack-up drilling rig
- BPCL - Unaudited Financial Results (Provisional) for the quarter ended 31st December, 2020
- ONGC to usher in India’s first Geothermal Energy at Ladakh
- ONGC CMD pitches for deeper collaboration for sustainable growth: Global Compact National Convention
- Dharmendra Pradhan flags off two welfare projects of ONGC at Betul in MP
- Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
- The Energy Mix: Coal clings on; Electricity demand set to rebound; marking 5 years since the Paris Agreement
- Delays for New Pipelines Cost Canadian Heavy Crude Producers at Least $14 Billion Since 2015, IHS Markit Analysis Finds
- Lack of collection infrastructure blights European plastic bottle recycling
- Minister for Petroleum & Natural Gas and Steel Dharmendra Pradhan dedicates the 8th producing Basin of India - Bengal Basin, to the nation
- IHS Markit: Global Investment in Renewables to Bounce Back in Coming Year to Pre-COVID Levels
- Dow CEO Jim Fitterling Leads 2020 ICIS Top 40 Power Players
- Wärtsilä and Lihir Gold sign 10-year service agreement for a 170 MW power plant with shared business case incentives
- Daniel Yergin: "The Ghosts Who Haunt the South China Sea" - New Article in The Atlantic
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July 23, 2021: Year-wise, sector-wise, Month-wise, Demand And Consumption of Natural Gas. Also share of R-LNG and Domestic Gas in the sector-wise consumption. Click column Gas Scene for details.
July 22, 2021: India’s demand for imported LNG has been growing over the years but the growth has been moderate as the domestic market is highly price sensitive. Even the moderate growth in import dependency was halted in FY 2020 -21 mainly due to the impact of Covid-19. Click column Gas Scene for an update of gas import dependency.
July 12, 2021 | RIL-Aramco Alliance To Explore New Frontiers: Someone from Saudi Aramco joining RIL’s board as an independent director need not be treated as a big news but Aramco’s chairman Yasir Al-Rumayyan himself doing so certainly is a very important development. It indicates the shape of things to come, the importance both sides attach to their alliance. Al-Rumayyan, who is also the Governor of the Gulf nation's Public Investment Fund, is one of the best known names in the world of energy and finance. Mukesh Ambani-led Reliance Industries Ltd (RIL) is crucial to Aramco’s business strategy in India. Yasir Al-Rumayyan’s presence on RIL board will enable Aramco to assess RIL’s style and corporate culture closely. His assessment will be critical in shaping Aramco’s future business strategy in India and determine the future of its partnership with RIL. Aramco’s proposed deal to buy into Reliance is expected to remain a non-cash deal. Click Free Access column Petro Intelligence to read a comprehensive report on the subject.
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India overhauls petroleum reserve policy to boost private interest: Report
July 24, 2021: India has decided to commercialise half of its current strategic petroleum reserves (SPRs) as the nation looks to enhance private participation in the building of new storage facilities, two government sources told Reuters on Thursday.
The shift in policy was approved this month by the federal more..
India’s gas production jumps 19.5% in June on back of KG-D6
India's natural gas production jumped 19.5 per cent in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released on Friday showed. India produced 2.77 billion cubic meters of natural gas in June, up from 2.32 bcm in the same month last year, more..
LNG imports dip 17 per cent in June as prices soar, local output rises
July 24, 2021: Import of liquefied natural gas (LNG) dropped 17% in June over the last year as prices soared and local gas production expanded. LNG prices in the spot market have risen as high as $14 per metric million British thermal units (mmBtu), curbing demand and prompting many consumers to switch back to cheaper fuel more..
Excise duty collections from petroleum products being used in infra development: Nitin Gadkari
July 24, 2021: Union Minister Nitin Gadkari said excise duty collected from petroleum products are being used for infrastructure development and other development items. The road transport and highways minister said this in the Lok Sabha while replying to a question on the impact of rising fuel prices on the logistics cost of more..
Reliance Industries Profit Declines 7% To Rs. 122.73 Billion In June Quarter
July 24, 2021: The country's most valued company - Reliance Industries - on Friday reported net profit of Rs. 122.73 billion in quarter ended June 30, 2021, marking a decline of 7.25 per cent from the same quarter last year on the back of increase in total expenses. Reliance Industries total expenses in the quarter jumped more..
Assam: ONGC’s crude oil pipeline leaks at Nazira, several acres of paddy cultivation affected
July 24, 2021: Several bighas of paddy cultivation were affected due to a leak in a crude oil pipeline of the Oil and Natural Gas Corporation (ONGC) at Nazira in Assam‘s Sivasagar district on Friday.
Confirming the development, Nazira sub-divisional officer Sabyasachi Kashyap said that an oil pipeline has more..
Indian Oil Corp to fuel expansion with green power
July 24, 2021: Indian Oil Corp will seek to cut emissions by using clean electricity from the grid to fuel its capacity expansion, instead of building its own power plants, the country's top refiner said on Friday.
IOC, which controls about a third of India's 5 million barrels per day (bpd) of refining more..
Iran inaugurates major oil pipeline to bypass Hormuz Strait
July 24, 2021: Outgoing Iranian President Hassan Rouhani has inaugurated a major onshore pipeline that allows the country to bypass the Hormuz Strait for crude oil exports. The pipeline, with some 1,000 km in length, will transfer the pumped oil from facilities in Goureh to the Omani sea port of Jask, reports Xinhua news more..
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To make sense of sensational news covering high petrol and diesel prices
 Dr. Bhamy V Shenoy | March 15, 2021: Under UPA when crude oil price reached a high of $147 per barrel in May, 2008, petrol price in Delhi was around Rs. 50 per liter. On February more...
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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...
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Future Power Grid Vision - Grid Of Microgrids - Part 1
April 9, 2021: 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 more...
Future of India’s transport story is renewable biogas
 by 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...
Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path. more...
Climate Action- Achieving Green and Inclusive Growth
The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the issues with more...
Crude collapse to crush US petchem advantage
By:
Joseph Chang, Global Editor, ICIS Chemical Business
The collapse in crude oil prices is wiping
out much of the US petrochemical competitive advantage while global demand is
being slammed by the continuing spread of the coronavirus. Financial markets
are seizing up, throwing a wet blanket on new 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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Glencore Appoints Paarth Vaish To Head Its Indian Oil Gas Business
Trading giant Glencore has appointed Paarth Vaish to head its Indian oil and gas operation, replacing Surish K Sharma, who is due to retire on July 31. Since November 2018 Vaish has been Glencore's Business Development Manager for Asia. He joined the trading house in July 2008 as Business Development Manager in India and more...
Vishal Sood Appointed President Of Savita Oil Technologies
 Savita Oil Technologies Limited has appointed Vishal Sood as President – Lubricant Division and will be taking over the reins from Sunil Aima who retired from the company on 18th June, 2021. Vishal more...
Vartika Shukla Gets Additional Charge Of Director (Finance) At EIL
 The Ministry of Petroleum & Natural Gas, Government of India, has approved the proposal for entrusting of additional charge of the post of Director (Finance) in Engineers India Limited (EIL) to more...
Dr. Alka Mittal Appointed As Nominee Director Of HPCL
 Dr. Alka Mittal has been appointed as Nominee Director on the Board of HPCL. She is Director (HR) of Oil and Natural Gas Corporation Limited (ONGC), since November 2018. Dr. Alka Mittal has over 36 more...
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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 |
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RIL-Aramco Alliance To Explore New Frontiers
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BPCL Selloff Entering An Uncertain Phase
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BPCL Selloff Plan’s Success Hinges On Creation Of Effective Regulator
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Farzad B: Pawn In The Game Of Geo-Politics
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Crown LNG Awards Contract To Aker Solutions For Kakinada LNG
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Reliance To Invest $2 Billion In ADNOC Chemical JV
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Sector-Wise, Month-Wise Demand & Consumption of Natural Gas
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Growth In Import Dependency Of Natural Gas Halted
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Natural Gas Price: Global and Domestic
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Sector-Wise Consumption Of Natural Gas In May 2021
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Natural Gas At A Glance in May 2021
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Natural Gas Price Trends : Global And Domestic
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Sector-Wise Consumption Of Natural Gas, In April, FY 2020-21
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Domestic Natural Gas Scene In April 2021
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Trends In Natural Gas Price: Global and Domestic
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Gas Sector Presents A Positive Picture In March 2021
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Sector-wise Consumption Of R-LNG, Domestic Gas Since FY 2018-19
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Natural Gas: India’s Increasing Import Dependency
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Domestic Natural Gas Scene In March 2021
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Natural Gas Price Trends: Global and Domestic
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CGD Becomes An Attractive Business In India
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Sector-Wise Natural Gas Consumption In February 2021
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Domestic Natural Gas Scene in February In 2021
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Natural Gas Price Trends: Global & Domestic
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Domestic Natural Gas Scene In January Presents A Dismal picture
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India’s Oil Import - Volume, value and Price USD/Barrel
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Vedanta’s vertical Cairn Oil & Gas Claims Progress In All Areas of Operation
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Shift In India’s Crude Import Pattern Witnessed In May 2021 Temporary Or Lasting?
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Indian Drilling Rig Count In May 2021
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Biggest Contribution To Oil demand Growth To Come OECD Americas
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Global Rig Count Registers A Big Increase In May 2021
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Indian Crude Basket Prices In June 2021
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Rising Consumption In Petrol leads to Impressive Growth in Passenger Vehicle/2 Wheeler Sales
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Long Term Performance Improvement Program For PSU Refineries Being Expanded
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Industry Consumption Trend Analysis 2020-21
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Improved Power Situation To Reduce Diesel Consumption
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Petroleum Products In May: Sharp Fall In Import, Marginal Drop In Export
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Refineries Process More Crude In May, Share Of Domestic Crude Down, HS Crude Up
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India’s Crude Oil Import Up In May, OPEC share Down
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Petroleum Products Consumption In May 2021
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Pricing of crude oil In India
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Refining Capacity &Refinery Crude Throughput
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Consumption Growth In Petroleum Products & Natural Gas during pre-pandemic period
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China, India And Other Asian Countries To Promote Oil Demand
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Indian Drilling Rig Count
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Global Rig Count Goes Down As Crude Price Goes Up
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Import, Export Data For Petroleum Products During April 2021
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Indian Crude Basket Prices In May
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