Policy
Crude Price Falls Below $ 65 A Barrel: What Extent Will It Go Down In Coming Weeks?
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The US Policy Of Sanctions, Tariff Hit Oil-Starved India Badly
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Foreign Investment Turbulence In India’s Downstream Sector
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Volatile Gas Prices Pose A Challenge To Transition To Gas Based Economy
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The Decline Of Gross Refining Margins Of Indian Refineries
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Regulation
India Opts For Amending Natural Gas Pipeline Tariff Regulations
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Irreverent Combination: India’s Energy Mix Leads In Coal As Well As Renewable Energy
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ABB Brightens Up IndianOil’s Pipeline Network
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Govt. Raises Natural Gas Price In Latest Price Revision
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Alternative Energy / Fuel
Transparent Solar Panels Gaining Populariy
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New Projects
GeoEnpro Petroleum Launches Drilling Campaign-IV At Kharsang Oilfield
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Hindustan Power Secures Major 425MWp Solar Project
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Market Watch
Oil Marketing Companies Expand Electric Vehicle Charger Infrastructure
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Companies
Beicip Franlab
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Cairn Oil & Gas Signs Contract To Hire Parker Wellbore’s Drilling Rig
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L&T Incorporates Arm To Develop Green Hydrogen Projects
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IGL To Form JV For Solar Power Plant In Rajasthan
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Press Release [FREE Access]
Latest Exclusives
April 23, 2024: A large country like India needs a large marketing infrastructure for the petroleum sector. The major components of this infrastructure are terminals, retail market outlets, LPG distribution network and LPG bottling plants. Click column Special Database for the latest status of India’s petroleum marketing infrastructure.

April 22, 2025: Not surprising that all domestic producers of natural gas failed to reach near their production targets for March 2025; all of them uniformly produced natural gas below the level in March 2024. Even LNG import was marginally lower than the level in March last year. Click column Gas Scene for details.

April 10, 2025 | India Must Woo Saudi Arabia To Build Crude Storage: One of the major fallouts of Trump’s tirade against countries running trade surpluses with the US is that Saudi Arabia has started to reach out to big energy-consuming nations like China and India to secure its crude oil supply interests and the ambitions of controlling significant parts of the entire petroleum value chain. Last November, Saudi oil company Aramco signed an agreement with Sinopec, the Chinese oil giant, to establish a $ 10 billion integrated petrochemical complex in Fujian that included a 16 million ton per year refinery. Now, a recent news report says that Aramco is in talks to invest in two planned refineries in India. Aramco’s interest in investing in Indian refineries is natural and ought to be welcomed by Indian companies. However, a better area for collaboration with Saudi Arabia is in the realm of crude storage. Saudi Aramco can be invited to build and operate a crude storage in India at its cost. The existing underground caverns can be leased out to them at preferential rates in return for a first-use option available to India over the crude oil stocked in the storage facility. It is very much in the interests of a global giant like Aramco to set up such crude storage facilities in a country like India which is the world’s third largest energy consumer. Click Free Access column Petro Intelligence to read a comprehensive article on the subject. 
Today's News [FREE Access]
India sweetens oil block bids with lease reform, arbitration freedom
April 23, 2024: From the nine iterations of the oil acreage licensing policy (OALP), the major change in the tenth version, due out in August this year, will be twofold. The first of those is the expanded definition of mineral oils to include shale oil, shale gas and coal-bed methane.   The other one is the   more..


India, Saudi Arabia eye joint oil refining and petrochemical projects
April 23, 2024: Indian Prime Minister Narendra Modi has announced that India and Saudi Arabia are exploring joint initiatives in oil refining and petrochemicals, emphasising the deepening of strategic energy cooperation between the two countries. In an interview with Arab media ahead of his two-day state visit   more..


Natural gas import bill increases 13% to $15.2 billion in FY’25
April 23, 2024: India’s natural gas import bill surged by 13% to $15.2 billion during the financial year 2024-25, compared with $13.4 billion in FY24, driven by rising consumption, according to data from the Petroleum Planning and Analysis Cell (PPAC). In March, the import bill increased by approximately 8.3% to $1.3   more..


Russian oil drives Opec share in India’s imports to record low, data shows
April 23, 2024: The share of Opec oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on cheaper oil from Russia, the top oil supplier to New Delhi for the third straight year, data obtained from trade and industry sources showed. India, the world's third   more..


Reliance imported 17.3% more Russian oil in March as against Feb
April 23, 2024: Reliance Industries, operator of the world's biggest refining complex, imported about 532,700 barrels per day (bpd) of Russian oil in March, up 17.3% from February, according to ship tracking data obtained by Reuters' industry sources. Russian oil accounted for about 48.5% of Reliance overall crude   more..


ONGC CVO Ranjan Prakash Thakur (IRTS) gets tenure extension
April 23, 2024: The Appointments Committee of the Cabinet (ACC) has approved the extension of deputation tenure of Ranjan Prakash Thakur (IRTS) as the Chief Vigilance Officer (CVO) of Oil and Natural Gas Corporation Limited (ONGC). He will continue to serve in the role until September 30, 2026 — the date of his   more..


Renewable Energy: 40 GW Set To Come Online Soon
April 23, 2024: Union Minister Pralhad Joshi on Tuesday said 40 gigawatts of renewable energy can soon come online as talks are on with states for signing power purchase agreements. "We are targeting 50 GW of RE capacity annually to meet the 500 GW target by 2030, which of course includes 292 GW of solar   more..


IGL shares rise by 3 pc as Board will hold meeting for FY25 results
April 23, 2024: City Gas Distributor, Indraprastha Gas Ltd, a Joint Venture of GAIL (India) Ltd., BPCL & Govt. of NCT of Delhi, has announced that its board members will be holding a meeting on 27 April to consider the audited financial results and dividend of FY25. This is to inform that a meeting of the   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Double Trouble
By R. Sasankan If you ignore history, you are condemned to repeat it. The stark truth of this aphorism came back to me the other day when I read a Reuters report that said Indian Oil Corporation was aiming to double the capacity of its liquefied natural gas more...

Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan India is a country of many paradoxes – and it is this quality that makes it hard for policy makers to find the right palliative for its myriad problems. The country is one of the fastest growing economies in the world and hopes to become a $ 5 trillion more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

West Coast Refinery Continues To Battle A Jinx
By R. Sasankan Industrial projects in India can never seem to skirt controversy and invariably go through a prolonged period of uncertainty as promoters fret over the roadblocks they face. The intensity of the controversy is directly proportional to the size of the more...

Can The Downstream Man Bail Out ONGC?
By R. Sasankan “New Delhi: Under-investment in the Oil & Gas sector could hamper India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil and Natural Gas Corp (ONGC), has warned. National Oil Companies around the world are facing increasing pressure more...

Oil PSUs In Trouble Again
By R. Sasankan International price of crude oil has risen by 30% in the third quarter of 2023. Global crude oil inventories are at seasonal lows and production cuts, announced transparently by OPEC+ till the end of December 2023 amount to about 3.3 million barrels a more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

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...

Special Reports
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...

The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
Surya P. SethiMay 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South. Click more...

Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade. more...

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...

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
H Shankar Appointed As Managing Director Of CPCL
H ShankarThe Appointments Committee of the Cabinet (ACC) has approved the appointment of H Shankar as the Managing Director (MD) of Chennai Petroleum Corporation Limited (CPCL), a subsidiary of Indian Oil Corporation more...

PESB Picks Subhankar Sen For BPCL’s (Marketing) Post
Subhankar SenThe Public Enterprises Selection Board (PESB) has recommended Subhankar Sen for the post of Director (Marketing) of Bharat Petroleum Corporation Limited (BPCL). Sen, who currently serves as the more...

Nayara Energy Appoints Deepesh Baxi As Its Chief Financial Officer
Deepesh BaxiNayara Energy has announced the appointment of Deepesh Baxi as its new Chief Financial Officer (CFO). "With an impressive career spanning over three decades, Deepesh brings extensive experience in more...

Sunil Mathur To Take Over As New Chairman Of Siemens Energy India
Sunil MathurThe Board of Siemens Energy India has appointed Sunil Mathur as the chairman of the newly constituted board of directors of the demerged entity. more...

HPCL Appoints Independent Directors
Hindustan Petroleum Corporation Limited has announced the appointment / reappointment of Ms. Sharda Singh Kharwar and Bechan Lal as Independent Directors respectively on the Board of the Company for a period of one year from the date of notification of their appointment/re appointment, or until further orders, whichever is more...

Indian Petro Scene - In a Nutshell
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.

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Petro Intelligence [FREE Access]
India Must Woo Saudi Arabia To Build Crude Storage
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Energy Security: The Great Indian Hoax
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Decline And Fall Of India’s Upstream Oil Industry
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Refinery Expansion for Exports: The Disingenuous Argument
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Foreign Investment
Synergia Energy Delays Drilling At Cambay PSC Until September
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BW LPG Sells VLGC Duo To Indian Joint Venture
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Overseas Investment
MAN Industries Added to Qatar Energy LNG’s Approved Vendor List
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Gas Scene
Dismal Performance By Domestic Natural Gas Producers In March 2025
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India’s LNG Regasification Terminal Capacity In For a Big Jump
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India’s LPG Profile as on January 1, 2025
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Domestic Natural Gas Scene In February 2025
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Domestic Natural Gas Scene In January 2025
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India’s Growing Gas Import Dependency
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Domestic Natural Gas Scene in December 2024
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India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024
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Dismal Domestic Natural Gas Scene In November 2024
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India’s Increasing CGD Sales
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India’s Liquefied Natural Gas (LNG) Import: A Total Picture
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Coal Bed Methane Development in India
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Poor Capacity Utilisation of LNG Terminals In India
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CGD Gets The Single Largest Share In Gas Allocation
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Domestic Natural Gas Scene In September 2024
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Widening Marketing Infrastructure For The Petroleum Sector
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India’s Crude Oil Imports: Quantity Significantly Up
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How Did ONGC Videsh Perform In Recent Years?
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IOC’s On-going Major Projects
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Parallel Marketing System Of LPG Faces Uncertain Future
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Status Of BPCL’s Three Major Projects Under Implementation
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Refining Margins Gain Momentum In Global Hubs
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How Prices Moved In The Indian Crude Basket In March 2025?
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Share Of Imported Crude In Processing Touches A New High In FY-2023-24
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India’s Power Availability Makes Dramatic Improvement To Meet Demand Almost Totally
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Oil Marketing Company BPCL Decides On Net Zero Roadmap
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Impressive Growth In Consumption Of Jet Fuel (ATF)
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Analysis of the Petroleum Products consumption trend during April-February FY 2024-25
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Kerosene As Cooking Fuel Appears To Be On Its Way Out Of The Indian Market
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Ethanol Blending With Petrol Program Touches A New High
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How Much Did India Benefit In Recent Years From Declining Crude Prices In The Global Market?
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GRMs Of Indian Refineries Plummet During April-December Of FY 2024-25
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Something Wrong Somewhere? After De-Growth In Diesel Consumption Comes De-Growth in Vehicle Sales
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Consumption Of Petroleum Products Registers De-growth In February, Diesel, LPG Too Suffer
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Growth In Petroleum Products Consumption In India Rated Impressive
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What Precisely is India’s Import Dependency On Crude Oil?
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