Crude Price Falls Below $ 65 A Barrel: What Extent Will It Go Down In Coming Weeks? more...
The US Policy Of Sanctions, Tariff Hit Oil-Starved India Badly more...
Foreign Investment Turbulence In India’s Downstream Sector more...
Volatile Gas Prices Pose A Challenge To Transition To Gas Based Economy more...
The Decline Of Gross Refining Margins Of Indian Refineries more...
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India Opts For Amending Natural Gas Pipeline Tariff Regulations more...
Irreverent Combination: India’s Energy Mix Leads In Coal As Well As Renewable Energy more...
ABB Brightens Up IndianOil’s Pipeline Network more...
Govt. Raises Natural Gas Price In Latest Price Revision more...
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Transparent Solar Panels Gaining Populariy more...
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GeoEnpro Petroleum Launches Drilling Campaign-IV At Kharsang Oilfield more...
Hindustan Power Secures Major 425MWp Solar Project more...
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Oil Marketing Companies Expand Electric Vehicle Charger Infrastructure more...
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Beicip Franlab more...
Cairn Oil & Gas Signs Contract To Hire Parker Wellbore’s Drilling Rig more...
L&T Incorporates Arm To Develop Green Hydrogen Projects more...
IGL To Form JV For Solar Power Plant In Rajasthan more...
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- Solex Energy Limited Reports 80% Revenue Growth, Strengthening Leadership in Solar Industry
- Siemens Energy India Limited announces its Board of Directors
- BYD Energy Storage Launches Chess Plus for C&I Energy Storage in China
- INOX Air Products commissions its first Green Hydrogen Plant at Asahi India’s Soniyana facility at Chittorgarh
- AMPIN Energy Transition Secures Equity Investment of $50million from Siemens to Accelerate Renewable Energy Transition in India
- Gujarat State Petronet Limited (GSPL) Commissions Chhara Gas Pipeline
- Livguard Powers Up IPL 2025 with Akshay Kumar, Unveiling the Future of Solar & Inverter-Battery Solutions!
- Atlas Copco Group Launches New State-Of-The-Art Facility In Pune
- ENGIE’s Supply & Energy Management Activities Expand in India to Accelerate Clean Energy
- BPCL Launches "Emerge" Cohort under BPCL Ankur Fund to Foster Innovation in Energy Efficiency and City Gas Distribution
- Mahanagar Gas Limited Drives Conversation on Sustainability at Oil Gas & Power World Expo 2025
- Oman Oil Marketing Company Opens Three New Café Amazon Branches and Renovates the Ahlain Store in Bousher
- Mahanagar Gas Limited waives off deposit to ease PNG transition for eateries and bakeries
- Cellvest Energy: Powering a Global Green Energy Revolution with Next-Gen Battery Solutions & Fin-Tech Innovation
- Saudi Arabia’s Ministry of Energy awards prestigious feedstock allocation for joint project between Sipchem and LyondellBasell
- GD Energy Products launches the GD 500HDD pump
- Matel Motion & Energy Solutions and Honda Power Pack Energy India Partner to Advance Swappable Battery Solutions for Electric Vehicles
- Four Covestro U.S. Sites Now Running Entirely on Renewable Electricity
- ONGC Achieves B- Rating in 2024 CDP Climate Score, Strengthening Commitment to Sustainability
- SOCAR, MRPL and ONGC Sign Strategic MoU at India Energy Week 2025 14 February 2025
- BPCL - Agreement for Purchase of Propane & Butane at Gujarat Port
- BPCL - BPCL and Eco Wave Power Sign Landmark MoU to Pioneer Wave Energy Projects in India
- BPCL - BPCL and National Sugar Institute Collaborate to Advance Sweet Sorghum as a Sustainable Biofuel Source
- Asian Energy Services reports strong 9MFY25 Performance
- Ohms Energy Pvt. Ltd. Leads the Way in Industrial Solar Revolution with SG Heavy Engineering Ltd.
- Castrol India Limited Announces FY 2024 Results
- GAIL Increases Start-up Corpus Fund to Rs 5 billion to boost Innovation and Entrepreneurship
- BPCL - BPCL and Refroid Technologies Launch India’s First Indigenous Liquid Coolant for AI-Driven Data Centers
- ONGC declares results for Q3 FY’25: Posts Net Profit of ₹ 82.40 billion, declares 2nd interim dividend of ₹ 5.00 per share; oil and gas production rises
- Adani Total Gas 9MFY25 & Q3 Results
- BPCL Posts Remarkable Growth: Profit Soars 94% to Rs.46.49 billion in Q3 compared to Q2
- MRPL PRESS RELEASE Quarterly result
- Oman Oil Marketing Company and TFG Marine establish bunker fuel supply joint venture
- BPCL Achieves Financial Closure for Bina Refinery Expansion cum Petrochemical Project
- India Refining Summit concluded successfully: Emphasised on incorporation of green technologies and innovate sustainable options for transitioning the sector to a Net Zero future
- TotalEnergies, bp, Equinor and Shell join forces to help increase access to energy
- ONGC declares results for Q2 FY’25: Posts Net Profit of ₹ 119.84 billion, up by 17.1%; declares interim dividend of ₹6.00 per share; Oil and Gas production starts rising
- Strategy & Outlook Presentation 2024: “More energy, less emissions, more free cash-flow
- Adani Total Gas Secures Largest Global Financing in the City Gas Distribution Business
- Deep Industries Ltd receives order worth ₹ 1,402 Cr for Production Enhancement Operations from ONGC
- 3t Drilling Systems Expands in India through ONGC Deal
- AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network
- US committed to partner in India’s energy transition journey: US Foreign Commercial Service
- Castrol India Limited 2Q 2024 Results
- GMDC and Ministry of Coal, Govt. of India sign Coal Mining Development and Production Agreement for Kudanali-Lubri coal mine, Odisha
- Vivek Chandrakant Tongaonkar appointed as Director (Finance) at ONGC
- EKI Achieves Breakthrough with First-Ever Improved Biomass Cookstove Project
- Strategic partnership between Hubject and Exicom aims to fuel further growth in India’s booming EV market
- Major developments in the energy transition and strategies for scaling up the clean mobility sector to be in spotlight at the upcoming NGV India Summit in July
- GAIL enters 14-year time charter with CoolCo for newly built LNG carrier
- GAIL reports Annual Revenue of Rs 1306.38 billion, PBT Rs 115.55 billion (up by 75%) & PAT Rs 88.36 billion (up by 67%) in FY 2024
- LNG India Summit 2024 New Delhi
- MRPL gets new Executive Director
- Asian Energy Services Limited Q4FY24: Reports significant uptick in Revenue and Operating Profit; strong visibility for FY25 with order book in excess of Rs 10 billion
- Adani Energy Solutions ends the FY24 on a strong note
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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.
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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..
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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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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...
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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
May 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...
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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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H Shankar Appointed As Managing Director Of CPCL
The 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
The 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
Nayara 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
The 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...
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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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India Must Woo Saudi Arabia To Build Crude Storage more...
Energy Security: The Great Indian Hoax more...
Decline And Fall Of India’s Upstream Oil Industry more...
Refinery Expansion for Exports: The Disingenuous Argument more...
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Synergia Energy Delays Drilling At Cambay PSC Until September more...
BW LPG Sells VLGC Duo To Indian Joint Venture more...
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MAN Industries Added to Qatar Energy LNG’s Approved Vendor List more...
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Dismal Performance By Domestic Natural Gas Producers In March 2025 more...
India’s LNG Regasification Terminal Capacity In For a Big Jump more...
India’s LPG Profile as on January 1, 2025 more...
Domestic Natural Gas Scene In February 2025 more...
Domestic Natural Gas Scene In January 2025 more...
India’s Growing Gas Import Dependency more...
Domestic Natural Gas Scene in December 2024 more...
India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024 more...
Dismal Domestic Natural Gas Scene In November 2024 more...
India’s Increasing CGD Sales more...
India’s Liquefied Natural Gas (LNG) Import: A Total Picture more...
Coal Bed Methane Development in India more...
Poor Capacity Utilisation of LNG Terminals In India more...
CGD Gets The Single Largest Share In Gas Allocation more...
Domestic Natural Gas Scene In September 2024 more...
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India’s Widening Marketing Infrastructure For The Petroleum Sector more...
India’s Crude Oil Imports: Quantity Significantly Up more...
How Did ONGC Videsh Perform In Recent Years? more...
IOC’s On-going Major Projects more...
Parallel Marketing System Of LPG Faces Uncertain Future more...
Status Of BPCL’s Three Major Projects Under Implementation more...
Refining Margins Gain Momentum In Global Hubs more...
How Prices Moved In The Indian Crude Basket In March 2025? more...
Share Of Imported Crude In Processing Touches A New High In FY-2023-24 more...
India’s Power Availability Makes Dramatic Improvement To Meet Demand Almost Totally more...
Oil Marketing Company BPCL Decides On Net Zero Roadmap more...
Impressive Growth In Consumption Of Jet Fuel (ATF) more...
Analysis of the Petroleum Products consumption trend during April-February FY 2024-25 more...
Kerosene As Cooking Fuel Appears To Be On Its Way Out Of The Indian Market more...
Ethanol Blending With Petrol Program Touches A New High more...
How Much Did India Benefit In Recent Years From Declining Crude Prices In The Global Market? more...
GRMs Of Indian Refineries Plummet During April-December Of FY 2024-25 more...
Something Wrong Somewhere? After De-Growth In Diesel Consumption Comes De-Growth in Vehicle Sales more...
Consumption Of Petroleum Products Registers De-growth In February, Diesel, LPG Too Suffer more...
Growth In Petroleum Products Consumption In India Rated Impressive more...
What Precisely is India’s Import Dependency On Crude Oil? more...
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