Indian Refineries Unrattled By Fall In Share Of Discounted Russian Crudes more...
With Crude Prices Rising, OMCs Seem Heading For Hard Time more...
State -owned Oil & Gas Companies Quiet Rush Towards Petrochemicals Visible more...
KG Basin Projects To Drive Oil And Gas Production more...
Fresh Attacks On Adani Group Unlikely To Impact Investors Like Total Energies more...
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Politically Sensitive LPG Made Cheaper, Petrol, Diesel Next In Line more...
Unable To Penalise Petroleum Ministry, SEs Slap Fines On Oil Cos more...
Natural Gas Price Up In India As Global Downturn Continues more...
PM’s Flagship LPG scheme: Remarkable Rise In The Number Of Subsidised LPG Refills more...
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RIL To Make Biofuel From Algae more...
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Linde Wins Contract From IOC more...
Transocean (RIG) Secures $222Mn Drilling Contract From ONGC more...
Methanol Plant Secures Financing more...
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Leighton Asia more...
Oil India To Invest Rs 17.38 Bn In Assam Gas Company more...
Oil India Joins Forces With NTPC For Renewable Energy more...
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- Wärtsilä signs large multi-year supply agreement with EVE Energy
- No damage due to oil spill near Uran
- Oil & Gas: LNG prices – Looming workers' strike creates uncertainties
- ICIS - US LNG to drive global market by 2030
- Sentinel Subsea continues international growth with contract wins worth seven figures
- Asian Energy Secures LOA from Vedanta Limited for Gujarat Seismic Data Acquisition
- ONGC transforming into a low-carbon energy player in a big way: to scale up renewable portfolio to 10 GW by 2030
- ONGC declares results for Q1 FY’24: Posts Consolidated Net Profit of ₹ 17,383 Crore, up by 102.6% Q-o-Q
- ONGC inks first-ever term contract in Marketing Freedom regime with BPCL for sale of crude oil
- New Report on the Need for a 'More Inclusive' Approach to Energy Transition
- Petronet LNG_Q1FY24_results
- GAIL_Q1FY24_results
- Embargoed media release | EI Statistical Review of World Energy
- ONGC Commences 3.6 MMSCMD Gas evacuation from Panna Field through newly laid 70 km Subsea Pipeline
- Asian Energy Services Limited Has Received LOA from ONGC for 3D Seismic Data Acquisition services in Gujarat
- Wärtsilä study examines the potential of Power-to-X fuels for power generation
- Mahanagar Gas Limited commences PNG supply at Raj Bhavan
- ONGC declares results for FY’23; posts net profit of Rs 38,829 crore for FY’23, highest ever total dividend of 225% for FY’23
- TotalEnergies: Ordinary and extraordinary Annual Shareholders’ Meeting of May 26, 2023
- Mahanagar Gas Limited and BEST come together with a ‘Tez’ way to refuel
- Mahanagar Gas Limited Signs MoU with Baidyanath LNG to scale up LNG Network
- IGL FY2022-23 Results
- Drilling Systems announces key contract win with PETRONAS
- Oil & Gas: Earnings mix for OMCs shifts towards marketing
- CERAWeek by S&P Global to Showcase the 2023 Class of Energy Innovation Pioneers
- EKI Energy Services Ltd. (EKI) collaborates with UK-based Inclusive Energy Ltd to further digital carbon MRV for energy projects in the voluntary carbon market
- WIKA zeroes in on Oil & Gas Sector, Clean Energy & Refining
- Mahanagar Gas Limited’s City Gate Station commissioned at Savroli
- EKI welcomes India's step forward to greener planet as Centre releases tech list under Article 6.2 of Paris Agreement
- MGL Creates Dedicated Kiosk at CGD Pavilion in India Energy Week 2023
- TotalEnergies: Fourth Quarter and Full-Year 2022 Results
- ONGC Videsh signed MoU with YPF SA, Argentina
- ONGC recreates an offshore platform for India Energy Week
- Mahanagar Gas: Margin strength offsets miss on volumes
- MGL revises CNG price
- EKI Energy Services Ltd. (EKI) collaborates with DNV Supply Chain & Product Assurance to foster climate transition ecosystem
- OTPC inks MOU WITH APDCL to develop 250 MW battery energy storage system in Assam, to attract 2000 crore investment
- Shell leads global long-term LNG contracted capacity signed among purchasing companies in 2022, finds GlobalData
- India to host India Energy Week 2023, convene global leaders to deliberate on energy growth, collaboration, and transition
- ONGC ‘Sagar Samrat’ starts Oil and Gas production in Arabian Sea
- N'GENIUS solution on the horizon for oil, gas and LNG industry
- ONGC inks MoU with Shell for Carbon Capture, Utilization and Storage
- Waaree Energies Emerges as The Largest Solar Module Supplier in India
- ONGC declares results for Q2 FY’23: Posts Net Profit of ₹ 12,826 Crore, declares interim dividend of ₹ 6.75 per share
- Rewarding sustainability efforts in the chemicals industry
- Hon’ble Prime Minister dedicates ONGC U-field Onshore facilities of KG-DWN-98/2 Deep Water Block to the Nation
- EKI Energy Services Limited (“EKI”) reports continued profitable growth in H1 FY22-23, delivers strong performance despite macro-economic headwinds globally
- Shapoorji Pallonji's FPSO Armada Sterling V, India's largest 'Floater', achieves sail-away readiness
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September 22, 2023: Indian refineries performed brilliantly in terms of Gross Refining Margins (GRMs) during FY 2022-23 (FY '23). Discounted Russian crude obviously played a role. India’s FY begins in April. During the first quarter of the current fiscal 2023-24 (FY '24) the GRMs of state-owned (PSUs) refineries dropped sharply. Private refineries do not disclose their data. Click column Special Database for details.
September 21, 2023: Russia maintains its top position as a single largest supplying country to India in August as well. India’s total crude imports in August registered a 6.2 per cent increase over the level in August '22, not unexpected. The share of OPEC continued the fall as Russia consolidates its position in the Indian market. Click column Special Database for details.
September 20, 2023: India’s production and consumption of petroleum products were seriously disrupted during the pandemic years. They were almost restored in FY 2022-23. The pattern assumed vibrancy in recent months. Click column Special Database for details.
September 11, 2023 | West Coast Refinery Continues To Battle A Jinx: The fortunes of the proposed 60 million tonne per annum mega refinery project in Maharashtra has waxed and waned for more than half a decade. Initially, it had seemed that the project proposed in the state of Maharashtra would have a smooth ride as it faced no major problem. But it now appears the fact that it was never bedevilled by any major problem was itself the spook that weighed heavy on its chances of finding fruition. It is the first refinery project in collaboration with Aramco of Saudi Arabia. When the idea of a 60 million tonne per annum mega refinery project was floated in 2018, the total project cost was estimated at around Rs 3000 billion. How much will it be in 2023? Click Free Access Column Petro Intelligence for a comprehensive picture.
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Indian government is not ‘alarmed’ by the rise in oil prices September 23, 2023: The Finance Ministry of India has kept its forecast for economic growth, as measured by gross domestic product (GDP), at 6.5 percent for the financial year ending March 2024. This, despite high crude oil prices and the monsoon deficit, both of which have led to a sharp rise in inflation in the world’s fifth largest more..
India to dominate upcoming crude oil refinery projects in Asia through 2027, reveals GlobalData
September 23, 2023: India is set to dominate the new build and expansion refinery projects in Asia, accounting for 45% of the upcoming crude oil refinery projects starts in the region between 2023 and 2027, fuelled by rising demand for petroleum products, reveals GlobalData, a leading data and analytics company.
more..
Rajeev Kumar Singhal set to be next Director (BD) of GAIL
September 23, 2023: Rajeev Kumar Singhal is set to be next Director (Business Development) of GAIL (India) Limited, a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Wednesday. Presently, he is serving as more..
Shell seeks partners for renewable assets in India
September 23, 2023: Shell said on Thursday it is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng Energy as part of CEO Wael Sawan's effort to boost profits.
Sprng, which Shell acquired from Actis in August 2022 for $1.55 billion, develops and supplies solar more..
LIC Of India Sells 2% Stake In Oil India
September 23, 2023: Life Insurance Corporation of India on Thursday sold 2.038 per cent stake in Oil India, the company announced through an exchange filing. The shares were sold on the open market for the investment function
Post the sale of shares the company's stake in Oil India reduced from 11.727 per more..
Vedanta shares in news today as board approves raising Rs 25 billion via NCDs
September 23, 2023: Shares of Vedanta Ltd are in news today after the board of the metals and mining firm cleared raising of Rs 25 billion through issue of non-convertible debentures on a private placement basis.
Vedanta stock ended 2.26% lower at Rs 226.55 on Thursday against the previous close of Rs 231.80 more..
HDFC Bank Reduces Its Stake In HOEC
September 23, 2023: In a recent development, one of India's largest banks, HDFC Bank informed the stock exchanges that the company has reduced its stake in Hindustan Oil Exploration Company Limited (HOEC), which was held by erstwhile HDFC Ltd.
HOEC is an Oil & Gas Exploration Sector company engaged in more..
Russia still No.1 oil source despite fall
September 23, 2023: Russia remained the top supplier of crude oil to India in July as it exported crude oil worth $3.37 billion during the month, showed data from the ministry of commerce and industry. However, compared to June, the imports from Russia declined 11.4% in terms of value.
In June, India had more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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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...
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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...
Future Power Grid Vision - Grid Of Microgrids
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 sustainable more...
Future of India’s transport story is renewable biogas
by 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...
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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...
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Shell Announces New India Head In Mansi Madan Tripathy
Shell India has announced the appointment of Mansi Madan Tripathy as the new country chair, effective from October 1, 2023. The new country chair will succeed Nitin Prasad who has been the country chair since 2016. As country chair of Shell India, Mansi will oversee the Shell Group of companies in India, in addition to her role more...
EIL Appoints Vasudev As Executive Director
Engineers India Limited announced the promotion of N S Vasudev as Executive Director Projects. Vasudev graduated in Electrical and Electronics Engineering from Annamalai University, Chidambaram, Tamil Nadu. He joined EIL as a Management Trainee in year 1986. He has extensive experience in Construction and Project Management more...
GAIL Executives Arrested By CBI
The Central Bureau of Investigation (CBI) has arrested KB Singh, executive director of the Gas Authority of India Limited (GAIL), for allegedly accepting a bribe of Rs 5 million. Besides Singh, the CBI also arrested Director of Vadodara-based Advance Infrastructures Private Limited Surendra Kumar, Chief General Manager of more...
Occidental Petroleum Appoints Sunil Mathew As CFO
Oil and gas producer Occidental Petroleum said on Wednesday it appointed company veteran Sunil Mathew as its new chief financial officer. Mathew, 53, has been with the company since 2004. Prior to the new role, he was Occidental's vice president of strategic planning and analysis.
more...
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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.
To download this full article in PDF, click here |
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West Coast Refinery Continues To Battle A Jinx more...
Vaidya’s Extension Propels IOC Foray Into LNG more...
India Must Look Beyond Cheap Russian Crude more...
Gas Storage Plan: Does It Look Feasible? more...
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Aemetis, Inc. Completes Expansion of India Biodiesel Plant Ahead of Schedule more...
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H-Energy Plans Gas Pipeline In Bangladesh more...
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How Drastically High LNG Prices Prune India’s Gas Import Dependency? more...
Sector-wise Consumption Pattern Of Natural Gas Remains Unchanged more...
Domestic Natural Gas Scene In July Presents A Confusing Picture more...
The Rise & Fall Of India’s LNG Imports more...
The story of the rise and fall of India’s LNG import more...
LNG Regasification Capacity Up, Terminal-wise Capacity Utilization Low For Many more...
India’s Growing CGD Infrastructure: An update more...
LNG price determines the size of India’s gas import dependency more...
Domestic Natural Gas Scene Presents A Better Picture more...
Natural Gas Price Trends: Global And Domestic more...
Sectoral Consumption Of Natural Gas In FY 24 more...
Dismal Domestic Natural Gas Scene more...
Natural Gas Price Trends: Global & Domestic more...
India’s LPG Industry Growth To Slow Down As Total Coverage Already Reached more...
CGD Major MGL’s Growth Strategy more...
Domestic Natural Gas Scene In April Presents An Unimpressive Picture more...
LPG Consumption Growth Looks Halted more...
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GRMs Of PSU Refineries Sink During First Quarter of FY 24 more...
India’s Crude Oil Import Up In August, OPEC Share Down, Russia On Top more...
Vibrancy In Production and Consumption of petroleum products Clearly Visible more...
Imported crude & Domestic Crude In Oil Processing more...
Specific energy consumption of PSU Refineries more...
Product-Wise Consumption of Petroleum Products In FY 2022-23 more...
Break-up of Petroleum Products Consumption (PSU/JV and Private) more...
Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI) more...
Improved Power Supply Situation Can Dampen Diesel Demand more...
Indian Refineries’ Record Performance by Crude Processing more...
Petroleum Products Consumption Trend Analysis more...
Petroleum Sector’s Revenue Contribution To Central/State Govts more...
Petroleum Products Consumption Grows At Slow Pace In July more...
A New High In Company-wise Crude Processing more...
Exports of Petroleum Products Up In July, Imports Down more...
Russian Crude Oil Continues To Dominate India’s Market more...
Analysis Of Crude Oil Processed In July, Players And Their Share more...
Status Of Exploration Blocks Offered Under NELP Rounds more...
India’s Consumption Growth In Petroleum Products: Product-wise Picture since FY 2012-13 more...
Refining Margins Up Globally In June 2023 more...
Price Movements In Indian Crude Basket more...
HPCL Is Most Active PSU In Refinery Capacity Expansion more...
Despite Govt. Attempts To Phase Out Use, Kerosene Refuses To Go, Consumption Reduced more...
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