US SPR Managers Watching The Scene: OPEC+ Trying To Arrest Crude Price Fall, Supply Cuts Likely more...
Diversify or Limit Crude Supply Sources?: India May Focus On Larger Quantities, Competent Price more...
India’s Oil &Gas Companies Preparing For A Major Foray Into Petrochemicals more...
Questions Raised About Ethanol Blended Petrol Program more...
India’s Surging GDP Pushes Up Petroleum Products Consumption more...
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Oil Major Shell Widening Business Activities, Still A Lightweight In India more...
OMCs Preparing For A Fresh Round Of Retail Network Expansion? more...
CNG Infrastructure Being Strengthened As A Policy Initiative more...
Kerosene Refuses To Be Totally Out As It Is Poor Man’s Fuel more...
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Grain Ethanol Manufacturers Seek Higher Procurement Price more...
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Gensol Wins EPC Bid For Hydrogen Plant more...
ONGC Board Approves Two Petrochemical Complexes In India more...
PEDA, GAIL To Set Up 10 Compressed Biogas Projects In Punjab more...
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Shell Introduces New Products In India more...
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Galileo Technologies more...
Larsen & Toubro Wins Mega Order For Offshore Platform more...
IGL And CONCOR Tie Up more...
Galileo Produces First LNG For GAIL more...
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- Wärtsilä launches Quantum High Energy storage system with advanced safety features and energy density
- Nayara Energy Announces Richa Dubey as the New Chief People Officer
- GAIL wins “the Innovation Award – India” and “Midstream Project of the Year Awards – India” at the Asian Oil and Gas Awards
- ONGC rings on Dhanteras with a robust consolidated Q2 profit of Rs 165.53 billion
- GAIL clocks Revenue of Rs 318.23 billion, PAT of Rs 24.05 billion in Q2 FY’24
- Castrol India Limited reports third quarter results for 2023
- OCS Services announces Successful Commencement of Operations and Maintenance Services for FPSO KG D6 RUBY
- ONGC Revolutionizes Water Management in North Gujarat
- ONGC Installs State-of-the-Art CO2 Core Flood Apparatus: A Significant Leap in CCUS Capacity Development
- ONGC Takes Proactive Steps to Ensure Well Safety in Periyakudi, Kariyamangalam Village
- Fuji Electric India Showcased ‘Central solar Inverter PVI1500 series’ at REI Expo 2023
- MGL reduces CNG and PNG prices
- Sterling and Wilson Renewable Energy Limited wins new order of ~ INR 1,535 crore from NTPC REL in Khavda, Gujarat
- ONGC inks MoU with NTPC Green Energy Limited for Development of Renewable Energy Projects
- ONGC Inks Crude Oil Pact with MRPL
- Wärtsilä signs large multi-year supply agreement with EVE Energy
- No damage due to oil spill near Uran
- Oil & Gas: LNG prices – Looming workers' strike creates uncertainties
- ICIS - US LNG to drive global market by 2030
- Sentinel Subsea continues international growth with contract wins worth seven figures
- Asian Energy Secures LOA from Vedanta Limited for Gujarat Seismic Data Acquisition
- ONGC transforming into a low-carbon energy player in a big way: to scale up renewable portfolio to 10 GW by 2030
- ONGC declares results for Q1 FY’24: Posts Consolidated Net Profit of ₹ 17,383 Crore, up by 102.6% Q-o-Q
- ONGC inks first-ever term contract in Marketing Freedom regime with BPCL for sale of crude oil
- New Report on the Need for a 'More Inclusive' Approach to Energy Transition
- Petronet LNG_Q1FY24_results
- GAIL_Q1FY24_results
- Embargoed media release | EI Statistical Review of World Energy
- ONGC Commences 3.6 MMSCMD Gas evacuation from Panna Field through newly laid 70 km Subsea Pipeline
- Asian Energy Services Limited Has Received LOA from ONGC for 3D Seismic Data Acquisition services in Gujarat
- Wärtsilä study examines the potential of Power-to-X fuels for power generation
- Mahanagar Gas Limited commences PNG supply at Raj Bhavan
- ONGC declares results for FY’23; posts net profit of Rs 38,829 crore for FY’23, highest ever total dividend of 225% for FY’23
- TotalEnergies: Ordinary and extraordinary Annual Shareholders’ Meeting of May 26, 2023
- Mahanagar Gas Limited and BEST come together with a ‘Tez’ way to refuel
- Mahanagar Gas Limited Signs MoU with Baidyanath LNG to scale up LNG Network
- IGL FY2022-23 Results
- Drilling Systems announces key contract win with PETRONAS
- Oil & Gas: Earnings mix for OMCs shifts towards marketing
- CERAWeek by S&P Global to Showcase the 2023 Class of Energy Innovation Pioneers
- EKI Energy Services Ltd. (EKI) collaborates with UK-based Inclusive Energy Ltd to further digital carbon MRV for energy projects in the voluntary carbon market
- WIKA zeroes in on Oil & Gas Sector, Clean Energy & Refining
- Mahanagar Gas Limited’s City Gate Station commissioned at Savroli
- EKI welcomes India's step forward to greener planet as Centre releases tech list under Article 6.2 of Paris Agreement
- MGL Creates Dedicated Kiosk at CGD Pavilion in India Energy Week 2023
- TotalEnergies: Fourth Quarter and Full-Year 2022 Results
- ONGC Videsh signed MoU with YPF SA, Argentina
- ONGC recreates an offshore platform for India Energy Week
- Mahanagar Gas: Margin strength offsets miss on volumes
- MGL revises CNG price
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November 29, 2023: With domestic crude production refusing to rise and consumption of products steadily going up, the share of domestic crude in total products consumed has touched a new low during April-October 2023. India’s FY begins on April 1. Click column Special Database for details.
November 28, 2023: There appears to be something wrong with the targets fixed by the authorities for the production of natural gas. None of the parties involved could meet the target for the month though all of them except for ONGC produced more than the level in October 2022. Click column Gas Scene for details.
November 27, 2023: Single agency needed to acquire overseas energy assets. A growing economy needs energy – lots of it. India is growing in almost every area except domestic oil production. At present, domestic oil production meets only 12 per cent of demand. For a country of India’ size and speed of growth, the most sensible option is to acquire oil and gas assets overseas. ONGC Videsh started the process of acquiring oil and gas assets overseas more than three decades ago. It acquired assets in 32 oil and gas projects spread across 16 countries with a combined annual production of 19.5 MMTOE. Later, Oil India, IOC, BPCL and GAIL started acquiring assets overseas, but the acquisition scene today presents a picture of colossal inefficiency and complete lack of imagination. Click Free Access column Petro Intelligence to read an exciting piece.
Column Policy has five subjects. First, it examines the question of output cuts by OPEC+ which in its rescheduled meet on November 30 is expected to consider further changes to a deal that already limits supply into 2024. The rise of Russian crudes to top position in Indian market is expected to influence India’s import strategy. Will India try to limit its supply sources and focus more on large quantities and competent price? Questions are being raised about the efficacy of the Ethanol blending scheme, whether ethanol is green and whether ethanol production is environmentally friendly. India’s Oil & Gas Companies are Preparing For a major foray Into Petrochemicals. The single biggest investment plan in petrochemicals. has emanated from the upstream major Oil and Natural Gas Corporation (ONGC). India’s Surging GDP Pushes Up Petroleum Products Consumption.
Column Regulation has four subjects. There are exclusive reports In almost all columns.
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IOC corners more than a third of D6 gas in latest Reliance auction
November 29, 2023: State-owned Indian Oil Corporation (IOC) has cornered more than a third of natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the KG-D6 gas, sources said.
IOC got 1.45 million standard cubic meters per day out of the 4 mmscmd of gas more..
Compulsory biogas blending in CNG, PNG will help create better biofuel ecosystem: Industry leaders
November 29, 2023: Compulsory blending of compressed biofuel in compressed natural gas (CNG) and piped natural gas (PNG) will help create a well-structured market for biofuels in India, say industry leaders.
Experts are optimistic about the recent move by the oil ministry to mandate blending of compressed more..
Adani Total to blend green hydrogen with natural gas
November 29, 2023: Adani Group's city gas distribution company Adani Total Gas Ltd on Tuesday announced a pilot project on green hydrogen production and blending as it looks to diversify its energy mix, develop a hydrogen ecosystem as well as reduce CO2 emissions.
As part of the project, Adani Total Gas more..
Sri Lanka selects China’s Sinopec for $4.5bn refinery project
November 29, 2023: Sri Lanka’s Government has approved China Petroleum & Chemical Corporation’s (Sinopec) proposal to build a $4.5bn (32bn yuan) refining facility, reports Reuters.
With the approval, the Chinese Government-backed refiner will be able to complete project specifics and enter a more..
Adani Hindenburg Row: Supreme Court Outcome Drives Adani Stocks Up By 20%
November 29, 2023: Adani Group stocks surged in early trading on Tuesday as the Supreme Court wrapped up hearings on numerous petitions seeking an investigation into the Adani-Hindenburg matter. Chief Justice of India DY Chandrachud, leading the bench, stated that the top court cannot cast doubt on Sebi's investigation more..
Sanctioned Russian tanker in limbo shows India’s oil dilemma
November 29, 2023: A Russian oil tanker sanctioned by Washington is still floating about 1,600 miles from the Indian port where it was due to unload as New Delhi grapples with a dilemma over whether to let the vessel dock.
vessel has now been stuck in its current location for about 10 days — the more it more..
ONGC To GAIL: HSBC Explains How Petrochem Capex, Energy Shift Will Impact Oil & Gas Stocks
November 29, 2023: India is set to increase investment in the petrochemical space, even as benchmark refining and petrochemical margins remain weak but aren't deteriorating, according to HSBC.
The brokerage expects to see growth in 2024 from increased production of oil and gas and refinery capacity more..
After tanking in September, India’s crude oil imports rise in October
November 29, 2023: India’s crude oil imports appreciated in October 2023 largely propelled by growing domestic demand after the inbound shipments hit their lowest in the last 12 months in September this year.
According to the Petroleum Planning and Analysis Cell (PPAC), crude oil imports by the more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas 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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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
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...
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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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Nayara Energy Appoints Richa Dubey As Chief People Officer
Nayara Energy has appointed Richa Dubey as its new chief people officer. Richa has joined Nayara Energy from Vedanta Resources for where she worked as VP-HR for its iron and steel/ion and alloy businesses. She comes with more than 25 years of experience as an HR leader across a wide range of sectors. Her experiences include more...
Srikant Appointed Additional Secretary In MNRE
Srikant has been appointed as the additional secretary of the Union Ministry of Power and New and Renewable Energy. Srikant, a 1998-batch IAS officer of was previously serving as a joint secretary in the Union Cabinet, having been transferred there last year. Before that, he held the pivotal position of Secretary (Energy) in more...
Torrent Gas Appoints Former GAIL CMD Manoj Jain As Its MD
Manoj Jain has been appointed Managing Director of city gas operator Torrent Gas Ltd. with effect from January 1, 2024, the company said in a statement. Prior to this, Jain was the Chairman and Managing Director of GAIL (India) Ltd. Jain possesses rich and diverse experience in the areas of business development, gas more...
GAIL’s Sanjay Kumar Appointed Chairman Of 2 Subsidiaries & A JV
GAIL (India) Limited's Director (Marketing) Sanjay Kumar has been appointed as the Chairman of GAIL Global (Singapore) Pte. Limited (GGSPL), Konkan LNG Limited (KLL) and Bengal Gas Company Limited (BGCL). In addition, Kumar has also been appointed as Director of GAIL's subsidiariy 'GAIL Gas Limited.' Kumar is 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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Single Agency Needed To Acquire Overseas Energy Assets more...
Tackling Blowback From Sanctions more...
Gas Ratio Target: Time For A Revision? more...
Oil PSUs In Trouble Again more...
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Enel Group To Sell Its Indian Renewable Energy Arm more...
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Welspun Corp’s EPIC Secures Contract Worth 1.8 Bn Riyal From Saudi Aramco more...
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Domestic Natural Gas Scene in October 2023 more...
Natural Gas Price Trends: Global And Domestic more...
Sectoral Consumption Of Natural Gas In September 2023 more...
CGD Business Registers Impressive Growth more...
Domestic Natural Gas Scene In September: Production Up, Targets Eluded more...
Sector-wise Natural gas consumption in August and April- August 2023 more...
Domestic Natural Gas Scene In August 2023 more...
How Drastically High LNG Prices Prune India’s Gas Import Dependency? more...
Sector-wise Consumption Pattern Of Natural Gas Remains Unchanged more...
Domestic Natural Gas Scene In July Presents A Confusing Picture more...
The Rise & Fall Of India’s LNG Imports more...
The story of the rise and fall of India’s LNG import more...
LNG Regasification Capacity Up, Terminal-wise Capacity Utilization Low For Many more...
India’s Growing CGD Infrastructure: An update more...
LNG price determines the size of India’s gas import dependency more...
Domestic Natural Gas Scene Presents A Better Picture more...
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Shrinking Share of Domestic Crude In Total Petroleum Products Consumption more...
Parallel Marketing System In LPG Still Operates more...
CRUDE CAPACITY Vs. PROCESSING more...
Refinery Margins Fall Globally, But Still At Healthy Levels more...
Indian Crude Basket Price Drops To $ 90/Barrel In October more...
Coal Bed Methane Gas Development In India more...
BPCL Refineries Present A Picture Of Brilliant Performance more...
Oil India’s Overseas E&P Operations more...
Refineries Uniformly Exceed Crude Processing Targets By Big Margin more...
ONGC Has Quite A Few Projects Under Implementation. Will They Make A Difference To Production Performance? more...
Petroleum Products Consumption Tend: An Analysis FY 2023-24 more...
Power Shortage Continues, To Push Up Diesel Demand more...
BPCL’s Strategic Aspirations for The Next Five Years more...
Product-Wise Consumption Of Petroleum Products In September 2023 more...
Stagnation In BPCL’s Overseas Upstream Foray more...
India’s Petroleum Products Export Drops, Import Rises In September 2023 more...
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