Policy
India’s Interest In US Crude Oil Seems Diminishing
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Donald Trump’s Sanctions On Iran Will Hit Indian Refineries
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Indian Way Of Selecting Crude Oil For Its Refineries
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Green Signal For Launching Petrol And Diesel Futures
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Proposal To Levy Windfall Tax On Oil Producers Disastrous
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Regulation
MoPNG Seeks To Outsmart Vedanta Over PSC Extension
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Oilex May Opt For Legal Battle To Evict GSPC From JV
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Lukewarm Response To OALP-II Auction Round
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Modern, High Complexity PSU Refineries Too Lag In GRMs
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Oil And Gas Companies Exempt From CCI Merger Control
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Alternative Energy / Fuel
Consistently Eluding Ethanol Blended Petrol Target
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New Projects
IOC’s Paradip-Hyderabad Pipeline To Be Commissioned By 2020
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Megha Engineering’s Gas Supply Project In Krishna District
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IOC To Set Up Ethanol Plant Using Waste Gases
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Market Watch
Oman’s Oil & Gas Industry Supplier Certification System Woos Indian Companies
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ExxonMobil Partners With Crossroads For Their Doorstep
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Companies
McDermott International Inc
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IGL And Petronet LNG Sign MoU
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Gulf Oil Lubricant’s Profit Surges
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Press Release [FREE Access]
Latest Exclusives

June 18, 2018: Oil and Natural Gas Corporation (ONGC), through its overseas subsidiary ONGC Videsh Ltd (OVL), owns quite a few E&P blocks overseas. The overseas acquisition has slowed down in recent months. Click column Special Database for an update of ONGC overseas assets.


June 15, 2018: The state-owned, Indian Oil Corporation (IOC) is India's largest refiner and marketing company. It leads in all areas of refining. Click column Special Database for a comprehensive update about IOC's standing as the country's tallest refiner.


June 14, 2018: Oil and Natural Gas Corporation (ONGC), India's state-owned upstream major, did not have a major commercial discovery for many years. This has stunted its growth. However, ONGC has been adding to reserves through discoveries of small and marginal fields. ONGC's overseas production has been registering an impressive growth. Click column Special Database for details of ONGC Group's reserves as on April 1,2018.


June 11, 2018 | Gridlocked Gas Grids: The Great Indian Tragedy: China imports natural gas, both pipeline gas and LNG, from all available sources. Piped natural gas comes to China from Turkmenistan, Myanmar and by end of 2019, the 2800 km long pipeline from Russia will be commissioned. Ignoring sanctions against Russia, Angela Merkel of Germany is supporting Russia-led Nord Stream Two, the undersea Baltic Pipeline that will supply Russian natural gas directly to Germany. Even Pakistan has decided in favour of a Russian pipeline to get Russian share of gas in Iran. In comparison, India whose economy is acknowledged to be the fastest growing in the world and third largest crude importer stands no chance of getting piped gas in the near future. The Iran-Pakistan-India (IPI) pipeline stands scuttled, the Asian Development Bank–sponsored Turkmenistan, Afghanistan-Pakistan-India (TAPI) pipeline shows no sign of taking off. What has gone wrong? Click Free Access column Petro Intelligence to read an exclusive piece.

Today's News [FREE Access]
Every Re 1 cut in excise duty on fuel to cost govt Rs 130 bn, says Moody’s
June 18, 2018: Rating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their   more..


Indian LPG, kerosene cheapest in subcontinent
June 18, 2018: Even as petrol and diesel prices in the country shoot up and decline in tune international crude prices, Indian consumers may take some solace from comparisons of prices of cooking gas and kerosene in India with its neighbours. Prices in the country for these two cooking fuels is still the cheapest in the   more..


Japanese firm cashing in on growing gas demand in Nepal
June 18, 2018: A Japanese gas product vendor is tapping into the Nepali market as part of efforts to expand business in Asia, cashing in on growing energy demand in the Himalayan state recovering from a devastating earthquake three years ago. Saisan Co., a distributer of liquefied petroleum gas, or LPG, has formed Gas One   more..


ONGC Sells Coal-Bed Methane Gas At $5.77-6.12/MMBtu
June 18, 2018: Oil and Natural Gas Corp Ltd. has sold natural gas from three coal-bed methane blocks in Jharkhand for a price ranging between $5.77 per million British thermal unit to $6.12 per MMBtu. ONGC sold gas from its Bokaro CBM block to a private industry, HN Roy, for $5.77 per MMBtu on a gross calorific value basis,   more..


Big LNG projects secured by China, Japan and India
June 18, 2018: China, Japan and India have secured three mega power projects to be completed within the next two years to meet urgent electricity requirements, a senior official said. Power and Renewable Energy, Ministry Secretary, Suren Batagoda told the Sunday Times these three Liquefied Natural Gas (LNG) plants would   more..


India, oil’s fastest growing buyer, guzzling Iran’s crude as sanctions loom
June 18, 2018: The world’s fastest-growing oil consumer is guzzling down Iranian crude before US sanctions start squeezing supplies from the Persian Gulf nation. India imported 771,000 barrels of crude oil a day from Iran in May, a 35 per cent rise from the previous month, tanker tracking and shipping data compiled by   more..


Russia, Saudi seek raised OPEC output of 1.5 million barrel per day
June 18, 2018: Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. OPEC and Russia decided together in 2016 to cut their supply in order to push prices up following a crash induced by a global crude   more..


luctuations in oil prices, foreign fund flows to guide rupee’s movement
June 18, 2018: Fluctuations in crude oil prices, along with the direction of foreign fund flows are expected to influence the Indian rupee's movement against the US dollar in the coming week, experts said on Saturday. Mumbai: Fluctuations in crude oil prices, along with the direction of foreign fund flows are expected to   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
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...

Policy Paradox: Left Hand does not know what right hand is doing!!!
April 6, 2018: The Vadodara-based, Centre For Fuel Studies And Research (CFSR), has forwarded to www.indianoilandgas.com a copy of its report examining the policy paradox in the energy sector. The report makes interesting reading.   Click below links for more...

Larsen & Toubro
March 27, 2018: Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over 30 countries more...

Action on Climate Change- Better Late than Never
March 9, 2018: The Vadodara-based Centre For Fuel Studies and Research (CFSR) has prepared a report on Climate Change. The Report has been given to www.indianoilandgas.com for the benefit of its subscribers. Click HERE to read Report. 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
Sanjib Datta Takes Over as MD of Mahanagar Gas Limited
Sanjib DattaSanjib Datta, Executive Director (Business Development), GAIL has taken over charge as Managing Director of Mahanagar Gas Limited. Datta, has a rich experience of over 32 years in handling multifarious more...

Manoj Jain appointed Director - Business Development at GAIL
Manoj JainManoj Jain has taken charge as Director (Business Development) of GAIL(India) Limited. Jain possesses rich and diverse experience encompassing more than 32 years with GAIL(India) Limited in the areas of Projects more...

Honeywell UOP India appoints Mike Banach as Regional GM
Mike BanachHoneywell has appointed of Mike Banachas Regional General Manager for Honeywell UOP India, Banach will succeed Steve Gimre. Honeywell UOP provides process technology to the petroleum refining, more...

Vivek Rae Quits IOC Board
Vivek RaiFormer oil secretary Vivek Rae has ceased to be an independent director on the board of Indian Oil Corporation (IOC) with effect from June 4, 2018. He submitted his resignation owing to differences with the 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]
Gridlocked Gas Grids: The Great Indian Tragedy
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Popular Angst: From Nadigram To Ratnagiri
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Winds Of Change Force Iran To Drop The Bluster
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India: Going From A Pawn To A King On The Oil Chessboard
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Foreign Investment
RIL, Shell, ONGC Told To Pay $3.8 Bn As Government’s Share Of PMT
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Overseas Investment
Gandhar Oil Refinery Signs Investment Agreement With UAE’s Hamriyah Free Zone
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Gas Scene
Salient Features of LPG Profile In Fiscal 2017-18
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Net Gas Availability and Sectoral Gas Consumption in April 2018
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Approved LNG Export Facilities
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Domestic Gas Scene in April 2018
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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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Gas Sector Growth - China and India
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Gas share in Energy-Mix India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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India’s Petroleum Products Import Goes Up In April 2018
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Crude Import Drops In April 2018, Region-Wise Share of Imports.
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Power Situation In April, 2018
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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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Existing Petrochemical units, their capacity and feedstocks
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Basin-wise Exploratory Inputs Expended by Private/JVs under PSC Regime
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India’s Solar Scene
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Exploratory Efforts Under Nomination, PSC Regimes
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Installed Solar PV capacity in select countries
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Kochi Refinery (BPCL) Flow Diagram
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Domestic oil & gas production vis-à-vis overseas production
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India’s Imports & Exports of Petroleum Products in March 2018
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Region-Wise Import Of Crude In March 2018
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Exploratory Efforts By ONGC And OIL, Private Parties/JVs
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Appraisal status of Indian Sedimentary Basins
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Tenders [FREE Access]
Cairn Oil & Gas
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Cairn Oil & Gas
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