Policy
Oil Price Unlikely To Come Down: Phased Reversal Of Crude Oil Production Cut A Bold Decision But…
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Crude Production Increase Unlikely To Benefit Hapless Indian Consumers
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India’s Growing Appetite For Gas Despite Shortages, Low Consumption
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Oil Major bp’s Indian Operations, New International Strategy
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As Crude Prices Stabilise, Refineries’ GRMs To Come Under Pressure
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Regulation
Contrary To Predictions, Domestic Gas Pricing Back To Square 1
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HPCL To Be A Force In India’s Growing LNG Market
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Govt.’s Losing Streak In Petroleum Related Legal Battles Halted
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IndianOil’s Tryst With Hydrogen As Fuel For Vehicles
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Alternative Energy / Fuel
Deep In Fossil Fuel Business, IOC Attempts Clean Energy play
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New Projects
Technip Energies Awarded Contract To Upgrade the Barauni Refinery
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BHEL Secures Order For Sulphur Recovery Unit From IndianOil
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Market Watch
Gujarat Added Most CNG Stations In India
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Companies
Mahanagar Gas Limited
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MEIL Deploys Indigenously Developed Hydraulic Rigs In Kalol Oil Fields
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Confidence Petroleum To Set Up Rs 2 Bn CNG Cylinder Making Unit
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Ather Energy Installs 10 Fast Charging Stations Across Mumbai
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Press Release [FREE Access]
Latest Exclusives

April 22, 2021: The Phase-I of Covid-19 played havoc with the world economy more particularly with the oil sector. Even as the oil industry is crawling back to normalcy, comes the second phase. OPEC has, however, predicted an increase in oil demand in 2021. Click column Special Database for details.

April 21, 2021: India’s fiscal year ends on March 31. Total natural gas production in FY 2020-21 was down from the level in FY 2019-20. In March too the production was down in the case of ONGC and Oil India. Click column Gas Scene for details.

April 12, 2021 | The “Ugly Spat” And Some Hard Truths: The sharp spat between India and Saudi Arabia over the rising crude oil price had surprised the oil industry circles. The Financial Times called it an “ugly spat “.Both countries have been making a lot of effort in recent years to move closer. Prime Minister Narendra Modi took the initiative in breaking the ice which raised expectation of a big ticket investments flowing into India from countries like Saudi Arabia and United Arab Emirates. Saudi crown prince Mohammed bin Salman promised investment worth $100 billion over the next two years. Many in India believe that Pradhan has a strong point when he bats for a lower price. After all, India imports close to 84 per cent of its crude oil requirements, making it the single largest item of foreign exchange outgo. At the same time, Saudi Arabia opted for production cut not to maximise its oil revenue but to stabilise oil price. No one wants oil prices to fluctuate widely. The spat raises a question: Should India demean itself by importuning the OPEC for favours? Click Free Access column Petro Intelligence for a comprehensive piece on the subject.
Today's News [FREE Access]
Rosneft-backed Nayara Energy likely to raise up to Rs 25 billion
April 22, 2021: Rosneft-backed Nayara Energy, formerly Essar Oil, is planning to raise as much as Rs. 25 billion in bond sales, harnessing better credit rating to retire some expensive loans contracted by the erstwhile Ruia-run company. It is said to have reached out to Standard Chartered Bank, Axis Bank and   more..


Indian Gas Exchange commences gas trade from 2 new hubs in Maharashtra
April 22, 2021: The Indian Gas Exchange (IGX) on Wednesday said it has commenced gas trade from two new hubs at Dabhol and Jaigarh in Maharashtra. Currently, IGX operates three gas hubs – Dahej and Hazira in Gujarat and KG Basin in Andhra Pradesh. The introduction of the two new hubs in Maharashtra will   more..


Explained: Why India’s oil and gas production is falling
April 22, 2021: India’s crude oil production fell by 5.2 per cent and natural gas production by 8.1 per cent in the FY21 as producers extracted 30,491.7 Thousand Metric Tonnes (TMT) of crude oil and 28670.6 Million Metric Standard Cubic Metres (MMSCM) of natural gas in the fiscal. While Covid-19 related delays are among   more..


Covid shaves off one-fifth Capex of ONGC in FY21; downstream companies exceed target
April 22, 2021: Oil and gas producer ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after Covid-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed. Oil and Natural Gas Corporation (ONGC) had budgeted Rs   more..


MoPNG praises Oil India Limited for over achieving the target by 330.7%
April 22, 2021: Secretary Mopng Tarun Kapoor in a letter stated, "An internal review of the achievement of the budgeted IEBR for FY 20- 21 revealed that as against the target of Rs 38.37 billion, your achievement has been Rs 128.01 billion, which is 330.7% of the target. " The letter added,   more..


ONGC says 3 employees kidnapped from eastern Indian oil rig
April 22, 2021: India's top oil producer Oil and Natural Gas Corp Ltd said three of its employees were kidnapped by gunmen from a rig site in the eastern Assam state on Wednesday. The employees were kidnapped in a company-owned vehicle from the state-run firm's Lakwa field in Assam's Sivasagar   more..


Total suspends contracts linked to Mozambique gas project: business group
April 22, 2021: France's Total has suspended contracts with at least two companies building infrastructure to support a multi-billion-dollar gas project in Mozambique which has been left abandoned after a jihadist attack, the southern African country's main business association said Tuesday. Total shut   more..


Petrol, diesel price unchanged for sixth consecutive day
April 22, 2021: Fuel prices in the country remained unchanged on Wednesday as oil marketing companies (OMCs) decided to go on a pause mode and analyse the global developments on oil prices before effecting a revision. Accordingly, pump price of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre   more..

Petropulse / Guest Column
To make sense of sensational news covering high petrol and diesel prices
Dr. B hamy V ShenoyDr. 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...

IOG Exclusive
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...

Special Reports
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
Vinod Paremalby 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...

Bina Refinery In Madhya Pradesh In News Again
Bharat Oman Refineries Ltd (BORL), jointly owned by the state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company as a 50:50 joint Venture is in the news again.   The refinery is called Bina refinery because it is located at Bina in the 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
TAFE Chief Mallika Srinivasan Named Head Of PESB
Mallika SrinivasanMallika Srinivasan, Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Ltd, has been named chairperson of the Public Enterprises Selection Board (PESB. It for the first time more...

Subhash Kumar Assumes Additional Charge As ONGC CMD
Subhash KumarSubhash Kumar, Director (Finance) at Oil and Natural Gas Corporation Ltd (ONGC), has assumed additional charge of the post of Chairman and Managing Director (CMD) upon the superannuation of incumbent more...

Deputy Managing Director Of MGL Resigns
Deepak Sawant, Whole-Time Director deputed as the Deputy Managing Director of MGL, has resigned as Director with effect from April 05, 2021. Deepak Sawant was designated as Deputy Managing Director of the Company with effect from May 09, 2019. Sawant has total rich experience of 28 years in Gas business which includes 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]
The “Ugly Spat” And Some Hard Truths
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Ominous Force Out To Scuttle West Coast Refinery Project
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India Awaits Lifting Of US Sanctions Against Iran, Venezuela
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Privatisation Not The Answer To Consumer Woes
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Foreign Investment
Oilex Buys GSPC Stake In Cambay PSC
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BPCL Acquires OQ’s Stake In Bina Refinery
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Overseas Investment
GE Signs Contract With Reliance Bangladesh LNG & Power
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Gas Scene
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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Domestic Natural Gas Scene in December 2020
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Update: LNG imports over the years and sector-wise consumption of natural gas
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Update: CGD and LNG Terminals in India
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Major natural gas pipelines in India
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Latest Demand Projections for Natural Gas
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Coal Bed Methane (CBM) gas development in India
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Capacity Utilisation of LNG Regasification Terminals (As on November 1,2020)
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Market Natural Gas and CGD: Attractive Industry
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Natural Gas : Historic Data On Domestic Production, Import & Consumption
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Gas to peak last among fossil fuels
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
OPEC Forecasts Increase In Oil Demand In 2021
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Indian Drilling Rig Count
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Auto Sales Register Impressive Growth
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Global rig count for the month of February 2021
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Crude price movements in Indian Basket of Crude in March 2021
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India’s Sinking Self Sufficiency in Petroleum Products
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Update: Domestic Oil & Gas Production vis-à-vis Overseas Production
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Fall In Capex Of PSU Oil Companies, Steep, But Less Than Feared
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India’s Petroleum Products Import Up In February
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Crude Oil Import Declines In February, OPEC Share Down
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Petroleum Products Consumption Recovery Crosses 95% In February
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Power supplied and deficit: Region-wise position for February 2021
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Analysis of Crude Oil Processed By Indian Refineries In February 2021
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Gross Refining Margins (GRM) of Indian Refineries (April-December 2020)
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End-use Analysis Of HSD Sales
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Historical data: Share of Imported and Domestic Crude in total processing
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Indian Rig Count Drops As The Global Rig Count Goes Up
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Update of Fuel & Loss in Indian Refineries
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Rising Crude Price Pushes Up Global Rig Count
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Update of Specific Energy Consumption in PSU Refineries
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Price movements in Indian Basket in February 2021
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Passenger Vehicle, Two Wheeler Sales Clock Growth In January
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Domestic Natural Scene In January 2021
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Break-up of consumption data (PSU and Private)
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Tenders [FREE Access]
ONGC
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ONGC - Frontier Basin, Dehradun
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