Policy
After Black Swan Saudi Oil Outage, Where Will Prices Be?
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Tellurian- Petronet LNG Deal Triggers Questions
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Who Will Get BPCL: Aramco? Rosneft? Shell? Total? Or RIL?
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India’s Increasing Dependency On Oil and Gas Imports
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Lowering Of Price For Domestically Produced Gas To Hit ONGC, OIL
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Regulation
Govt.’s National Seismic Program Makes Progress
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Drop In Naphtha Consumption To Impact On Refinery GRMs
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ONGC Advised To Form Execution Focussed Partnership For CBM
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Govt. Proposes Minimum 1 Charging Station In 3Km x 3Km Grid
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Alternative Energy / Fuel
Ethanol Blending With Petrol Program Makes Progress
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Ethanol Procurement Price Increased
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New Projects
Valmet To Provide Biomass Treatment System
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IHB To Raise Rs 67 Bn To Complete Kandla-Gorakhpur LPG Pipeline
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Market Watch
Eint Automotive Launches BPCL’s MAK Lubricants In Oman
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Companies
EXPRO
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Indraprastha Gas Added 54 CNG Stations In 2018-19
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Savita Oil Technologies Signs Agreement With Aegis Logistics
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Press Release [FREE Access]
Latest Exclusives

October 22, 2019: Share of Natural Gas in Indian energy mix declined from 11% in 2010 to 6.2% in 2017. The government has targeted increasing the gas share from 6.2% to 15% in the Primary Energy mix by 2030. What has been the historical production and consumption pattern of natural gas? Click column Gas Scene for details.


October 21, 2019: Indian Rig Count vs. Indian Basket Crude Price In August 2019, click column Special Database for details.


October 10, 2019 | Here We Go Again – Tellurian LNG, More Questions Than Answers: Amazing spectacle of consistent bungling: this sentence sums up the history of India’s LNG deals so far contracted. Some of the deals have been renegotiated but still Indians end up paying a price higher than what their counterparts pay elsewhere. The country does not have a shortage of talents to negotiate such deals, but those who know the subject are seldom associated and those associated have deep vested interests. What about the recent Tellurian-Petronet LNG deal? It is perceived to be a big initiative by Prime Minister Narendra Modi during his recent visit to the US. Prime Ministers and presidents do not negotiate deals. It is done by the concerned people. How wisely has it been negotiated by the PLL leadership? So many questions have already been raised about the deal. The share market too reacted adversely. Is it a case of massive bungling as alleged by its critics? Our Free Access column Petro Intelligence carries the most insightful and comprehensive piece on the deal so far to appear in the media. A well - researched piece with no malice whatsoever.

Today's News [FREE Access]
Have increased ethanol blending to 6 per cent today from 1 per cent in 2015: Pradhan
October 22, 2019: India has increased its ethanol blending programme (EBP) by many times according to Minister of Petroleum and Natural Gas Dharmendra Pradhan. Speaking at the 2nd Annual India Leadership Summit of the US-India Strategic Partnership Forum, Pradhan said, “From less than 1 per cent ethanol blending in   more..


Saudi Aramco, Rosneft, Shell among global oil majors likely to bid for govt’s stake in BPCL
October 22, 2019: The government's stake sale in Bharat Petroleum Corp Ltd (BPCL) is likely to see bids from international oil giants such as Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. The government plans to offload 53.29% share stake in BPCL. In the Union Budget,   more..


India’s Trilemma: Balancing energy security, access & sustainability
October 22, 2019: India is being pragmatic about its energy use, looking for alternatives but not sacrificing energy consumption that's vital for a growing economy. Data from the World Energy Institute shows India scores 50 in sustainable energy, a mid-point score that fits with its current realities. Here’s a   more..


Strategic disinvestment of both HPCL, BPCL this year?
October 22, 2019: Not one but two oil companies - BPCL and HPCL - may go under the hammer this fiscal with state-owned oil and gas explorer ONGC now looking to sell its stake in recently-acquired refiner HPCL to a strategic investor, possibly an overseas oil company, to regain debt-free status of the company existing prior to   more..


More Indian oil companies said to attract international interest
October 22, 2019: The Narenedra Modi-led Indian cabinet has already given the go ahead to privatise state-owned Bharat Petroleum Corp (BPCL) by divesting government’s 53.29 percent equity stake in the company. India is expected to see entry of several international oil majors in the short-to-medium term, with more   more..


Kerala: Construction begins for CNG-LNG dispensing station at Anayara
October 22, 2019: The construction work for combined Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) terminal at Anayara is on full swing. Indian Oil Corporation (IOC) is constructing the fuel-dispensing unit adjacent to KSRTC depot at Anayara. In March 2018, the government had allotted 1.78 acres at Anayara on   more..


Petrol, diesel price cut expected after assembly elections
October 22, 2019: Even as crude oil prices dropped by more than 1% last week, petrol prices were left untouched by state-run oil marketing companies for the last seven days. Diesel prices were also left unchanged today. The move coincides with the assembly elections in Maharashtra and Haryana which are taking place today. In   more..


Adani Green commissions 50 MW wind capacity in Gujarat
October 22, 2019: Adani Green Energy Ltd (AGEL) on Monday said it has commissioned 50 megawatt wind generation capacity at Kutch in Gujarat. The company through its subsidiaries is implementing 725 MW wind projects in Kutch. “AGEL announces commissioning of 50 MW wind energy generation capacity and signing of power   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. (Retd) S.C. N.Jatar* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is 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...

Special Reports
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...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
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
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
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.
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 December, 2014 more...

Status of Equity Oil and Gas Overseas
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 subsidiary and overseas 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
Sushil Chandra Mishra Takes Over As CMD Of Oil India
Sushil Chandra MishraSushil Chandra Mishra has taken over as Chairman and Managing Director (CMD) at Oil India Limited (OIL). Mishra with over 35 years experience in upstream sector, has deep expertise in commercial matters more...

Bernard Looney To Replace Chief Executive Dudley At BP
Bernard LooneyBP has announced that Bernard Looney, will replace Chief Executive Bob Dudley when he steps down on February 4, 2020. Bernard Looney, 49, currently chief executive, Upstream, will succeed Dudley as more...

Castrol India Appoints Rakesh Makhija As Independent Non-Executive Director
Rakesh MakhijaCastrol India Limited, the automotive and industrial lubricant manufacturing and marketing company, has announced the appointment of Rakesh Makhija as an independent non-executive director to its Board more...

Reghu Padmanabhan Appointed Head Of Expro Indian Operations
Reghu Padmanabhan has been appointed head of Expro’s Indian operations. Reghu was the Sales and Marketing Manager at Weatherford from August 2015. Earlier he worked with Baker and Hughes for a period of 17 years from 2007 rising to be country manager for new business development. Reghu holds a masters degree in 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]
Here We Go Again – Tellurian LNG,More Questions Than Answers
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Bring Fair Play Back Into Petroleum Industry Regulation
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Rash Of Scandals: When Negotiators Scupper India’s Interests
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A Flurry Of Deals: Who Will Come Out On Top?
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Foreign Investment
Orb Energy Secures Shell Investment
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Hardy Oil & Gas Completes Sale Of Indian Unit For US $ 9 Million
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Overseas Investment
Petronet LNG To Buy Stake, In Driftwood Project
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Gas Scene
Historical Production & Consumption Pattern Of Natural Gas
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Natural Gas Price Declines Globally And In India
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Performance Story Of Petronet LNG’s West Coast Regasificaction Terminals
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Domestic Natural Gas Scene in August 2019
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Coal Bed Methane (CBM) gas development in India
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PNG Penetration Seems Hitting LPG Marketing
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Trends in Natural Gas Price: Global and Domestic (June 2019)
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Sector-wise Demand And Comsumption Of Natural Gas
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Domestic Natural Gas Scene In June 2019
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: India’s CGD gas consumption projected to grow by 10%
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Indian Rig Count vs. Indian Basket Crude Price In August 2019
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Oil India Limited: Reserve Base, Operating Performance
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Indian Basket Crude oil price In September 2019
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Oil India’s Domestic & Overseas E&P Assets: An Update
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Complete Electrification of India’s Transportation A Far Dream
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Big Increase In Petroleum Products Import In August 2019
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Crude Oil Import Goes Up In August 2019, Down In April-August Period
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Decline In Growth Of passenger, commercial vehicles, 2-wheeler Sales In August 2019
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Power deficit: Region-wise position for August 2019 (% deficit)
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LNG Regasfication Terminals: Operating, Inaugurated, Completed, Under Construction, Planned, Proposed
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Capacity Utilization of India’s Operating LNG Regasification Terminals
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Status of blocks under OALP round of HELP and DSF rounds as on 1st April, 2019
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Domestic Oil & Gas Production vis-à-vis Overseas Production
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Declining Share Of Domestic Crude In Production Of Petroleum Products
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IOC - Upstream Portfolio & Recent Acquisitions
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World Oil Demand and Supply
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BPCL’s Global Upstream Footprint: An Update Upto August 2019
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Indian Basket Crude oil price In August 2019
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ONGC Still Flares Natural Gas, But Drastically Reduced Flared Quantity
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Tenders [FREE Access]
ONGC
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ONGC
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