Policy
OPEC Decision To Raise Crude Output: Who Influenced Whom?
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Saudi Aramco -ADNOC Petroleum Retailing Looks Distant
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Technically Indian Refineries Can Do Without Iranian Crude
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Govt. Goes Back On Its Commitment To Unbundle Gas Sector
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Green Signal For Restructuring ONGC’s Subsidiary Cos
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Regulation
ONGC To Tap Conventional Plays, Onshore & Shallow HP/HT
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Oil India Excited Over Latest Gas Discovery In Andhra
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Delhi Government Announces New List Of Approved Fuels
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Status of Shale Gas And Oil Development In India
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Alternative Energy / Fuel
Bio Ethanol, Bio CNG To Be Produced From Paddy Straw
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Lightsource BP Finishes 60-MWp Solar Project In India
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New Projects
Trelleborg Supplies Suite Of Solutions To India’s First FSRU-based LNG Terminal
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RIL’s Butyl Rubber Plant To Be Commissioned In 2018
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Market Watch
Dorf Ketal Launches New Brands For Fuels Retail Market
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GP Petroleums Targets South India For Increased Repsol Lube Business
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Companies
Trelleborg Group
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High Court Stays Extension Of PSC Contract With Vedanta
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Confidence Petroleum Opens 3 Auto LPG Dispensing Stations
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Press Release [FREE Access]
Latest Exclusives

July 17, 2018: India's LNG imports have been increasing consistently over the years. LNG's share in the total sales of domestic gas was around 29 per cent in fiscal 2007-08. Rising consistently, LNG's share touched an all-time high of 51 per cent in 2017-18. Click column Gas Scene for details.


July 16, 2018: Already uploaded share of taxes in the Retail Selling Price (RSP) of transportation fuels -petrol and diesel in India. Developed countries of Europe have a far greater share of taxes in the RSP of petrol and diesel. The lowest taxes are in USA, followed by Canada and Japan. Click column Special Database for details.
July 10, 2018 | Kowtowing to Trump: If you are not totally with me, you are against me. This seems to be the Trumpian doctrine in international relations. He does not care for the equivocations of fence-sitters. European allies differ with President Trump on the issue of scrapping the nuclear deal with Iran, but they haven’t summoned up enough courage to challenge the re-imposition of sanctions against Iran. China has begun to retaliate against trade war unleashed by Trump but the speed and manner of its retaliation is no match for Trump’s fury. India has been caught in a cleft stick. Indian refineries stand to benefit by processing Iranian crude but the government will not like to defy the sanctions re-imposed by the Trump administration. Refineries will not be starved of crude oil but their refining margins will shrink. India has moved closer to USA since the signing of the nuclear deal when George Bush was the US president and Manmohan Singh India’s prime minister. Iran crude will not reach Indian refineries till the sanctions against Iran are lifted. Click Free Access column Petro Intelligence for a comprehensive story on the subject.

Today's News [FREE Access]
India, Iran discuss possible impact of US sanctions on bilateral oil trade
July 17, 2018: India and Iran today deliberated on ways to deal with the possible impact on oil trade between the two countries due to the US sanctions on import of Iranian petroleum products. The issue figured during 15th round of Foreign Office Consultations between the two countries during which a host of other issues   more..


Fitch Says Large Capex May Push Indian Oil’s Debt Higher
July 17, 2018: Fitch Ratings today said it expects state-owned Indian Oil Corp.’s net debt levels to increase due to its large capital expenditure and investment plans. “Fitch expects the Indian Oil Corporation’s capex to remain high to upgrade refineries to meet new emission standards (BS-VI) and to expand   more..


People, not industries, are more important: Supreme Court on pollution by pet coke
July 17, 2018: People are more important than industries, the Supreme Court said on Monday while taking note of a report that 60,000 people have died due to pollution. The top court, which was hearing matters arising out of a 1985 PIL filed by environmentalist M C Mehta on the issue of air pollution in the Delhi-NCR, asked   more..


Search takes off at ONGC’s offshore asset
July 17, 2018: Natural gas exploration at the S1-Vasishta offshore project site of the Oil and Natural Gas Corporation’s (ONGC) Eastern Offshore Asset (EOA) at Odalarevu near Amalapuram has begun as a low-key affair. Full-fledged exploration will be taken up once the Gas Authority of India (GAIL) lays pipeline from the   more..


NOC completes locking system on tanker fleet
July 17, 2018: Nepal Oil Corporation (NOC) on Sunday ended the task of fully implementing the locking system on all petroleum tankers with tankers plying on Janakpur-Barauni route being the last, two decades after the system was introduced in India. Installing the locking system on fuel tankers is expected to control oil   more..


Major Relief In Petrol, Diesel Prices May Not Be So Soon, Say Experts
July 17, 2018: Domestic petrol and diesel prices were reduced marginally after three days of hikes. The rupee is down 1.8% since May, and 7.4% so far this year. Oil investors have observed many important milestones in the recent past. From 2014 highs in the month of May to a sudden correction last week, crude oil prices have   more..


GAIL to spend Rs 7.55 billion to create gas grid in Varanasi
July 17, 2018: GAIL, the government-owned pipeline company, said it will spend Rs 7.55 billion to put in place a gas pipeline grid in Varanasi, Narendra Modi’s Lok Sabha constituency. The grid, which has been inaugurated, will cover an area of 1,535 sq km, it added. About 0.1 million households are likely to be covered   more..


LNG spot prices in decline
July 17, 2018: According to Reuters, Asian LNG spot prices are continuing to correct drop with potentially steeper dips expected ahead. One of the identified causes is low demand from China and India, contrasted with healthy supply. Recent tender deals appear to confirm the bearish condition of the market.    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
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
May 28, 2018: 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 more...

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...

Special Reports
Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: The Baroda-based, Centre For Fuel Studies & Research (CFSR), finds that the 5000 MW Solar PV project announced by the government of Gujarat has certain basic flaws. It has, in a comprehensive letter, urged the state Chief Minister to review the project.   more...

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...

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
McDermott Appoints Samik Mukherjee as COO
Samik MukherjeeMcDermott International, Inc. has appointed Samik Mukherjee to serve as the company's new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. As the COO, Samik more...

Tenure Of Director (Finance), OIL Extended
Roopsikha Saikia BorahThe ACC has extended the service tenure of Ms Roopsikha Saikia Borah w.e.f. 01 October 2018 till superannuation i.e. 28 February 2019. Currently she serves as Director (Finance) Oil India more...

Bhatia Selected For Director Post In EIL
Sunil BhatiaThe PSEB has selected Sunil Bhatia for the post of Director (Finance), Engineers India Limited. Altogether Seven candidates appeared before the board for selection interview. Sunil Bhatia is CFO of more...

Kreuz Subsea Appoints Director Of Diving And ROV Operations
Jerry StarlingGlobal integrated subsea services business, Kreuz Subsea, has appointed Jerry Starling as director of diving and remotely operated underwater vehicles (ROV) operations. In his new role, Starling will 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]
Kowtowing to Trump
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Kuwait Prefers A Distance From Saudi
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Gridlocked Gas Grids: The Great Indian Tragedy
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Popular Angst: From Nadigram To Ratnagiri
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Foreign Investment
Vedanta Resources To Delist From LSE
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Overseas Investment
Indian Companies To Invest In UAE
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Gas Scene
LNG imports have consistently increased over the years
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15% Share of Gas in Primary Energy Mix – What it Translates to
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Sectoral Consumption of Natural Gas in May 2018
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Domestic Natural Gas Scene In May 2018
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Salient Features of LPG Profile In Fiscal 2017-18
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Approved LNG Export Facilities
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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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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Retail Selling Price (RSP) & % of taxes in RSP of petrol and diesel in developed countries vis-a-vis India
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Break up of Central excise duty on petrol & diesel (effective on 2nd February, 2018)
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Share of taxes in Retail Selling Price (RSP) of Petrol & Diesel in Delhi
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Fuel & Loss in Indian refineries in fiscal year 2017-18
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New Petrochemical Complexes and Estimated Feedstock requirement
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Update of Distillate yield of PSU refineries
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Update Of Hydrocarbon Reserves In India
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Power Situation in May, 2018
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India’s Import Of Petroleum Products Down in May, Up In April-May 2018
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India’s Crude Oil Imports Region-wise In April- May 2018
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Gross Refining Margins (GRMs) of Indian refineries during FY 2017-18
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IOC’s market share in pipelines, capacity utilisation and pipeline throughput
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Fuel-wise installed capacity of electricity generation in India as of Dec 2017
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Update - ONGC Overseas Assets
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Update: IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
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ONGC Group: Reserves April 1, 2018
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BPCL’s Indian and Global E&P Blocks
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Feedstock & Logistic cost
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Falling Solar Generation Costs
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Refinery-wise Naphtha Production
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Burgeoning Gap in Petrochemicals in India
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Shrinking Share Of Domestic Production In India’s Petroleum Products Consumption
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Tenders [FREE Access]
Mahanagar Gas Ltd
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ONGC
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ONGC
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