Policy
Speculation About US SPR Top-Up May Keep Upward Pressure on Crude Prices
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India’s Reluctant Retail Price Hike For Politically Sensitive Petroleum Products
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Latest Initiatives By Oil Companies To Promote Alternatives To Fossil Fuels
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ONGC Making Serious Efforts To Boost Oil & Gas Production
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Indian Refineries To Hit All-Time High GRM In FY 21-22?
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Regulation
PNGRB Fails To Ensure Timely Completion Of MWP By CGD Licensees
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Shell’s Entry Can Lead To Stiff Competition In LNG Retailing
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The Steepest Hike In ATF Price To Push Up Air Fares
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Refinery Performance Improvement Program Makes An Impact
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Alternative Energy / Fuel
Gadkari Launches Green Hydrogen FCEV Toyota Mirai
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New Projects
Cairn To Invest $700 Million In India Oil & Shale Assets
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Envision Energy Awarded 2000 MW Wind Turbine Contract In India
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JSPL Plans To Set Up India’s Second Coal Gasification Plant At Raigarh
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Market Watch
ArcelorMittal Tests Replacement Of Natural Gas With Green Hydrogen For DRI Production
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Companies
SNF
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Welspun Receives Order From IOC
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Adani TotalGas Reports Drop In Profits In First Quarter
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Pawan Hans Is Finally Privatised
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Press Release [FREE Access]
Latest Exclusives
May 24, 2022: The share of petroleum products from domestic crude processed by Indian refineries has been coming down over the years. In 1970s, the share touched 70 per cent of the total petroleum products. In the just ended FY 2021-22, the share of products from domestic crude which in Indian parlance is called self-sufficiency touched a new low. Click column Special Database for details. 

May 23, 2022: India’s petroleum marketing is dominated by PSUs such as IOC, BPCL and HPCL. Among the private players the largest marketing network is with Nayara Energy, the subsidiary of Russia’s Rosneft, followed by Reliance combine and Shell. In FY 2021-22, the marketing infrastructure did not make any appreciable expansion. Click column Special Database for details.

May 10, 2022 | BPCL Selloff Jinx: Fix The Regulatory Regime First | Reliance Industries Ltd, Essar and Shell rushed in when the government opened up petroleum retailing for the private sector. Two years later, in 2008 to be precise, crude prices surged and the very same government re-imposed subsidy on sale of petrol and diesel and this was restricted only to the outlets of public sector oil marketing companies. The private players had no other option but to shut down their outlets. They reopened their outlets after three or four years but never recovered from the shock. History can repeat itself. No sensible foreign company can be expected to enter India’s petroleum retailing business without an unequivocal assurance that such a situation will not recur. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.
Today's News [FREE Access]
India set to be leader in green hydrogen: Petroleum Minister Puri at Davos
May 24, 2022: India is more conscious of going for green energy than any other country in the world, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday. He said special emphasis is being given on green hydrogen, biofuel blending and exploration and production of biofuel from alternative sources.   more..


Global oil firms report huge profits but Indian marketers are left high and dry
May 24, 2022: Indian oil refiners are staring at huge losses as they have failed to pass on the higher costs of crude to fuel consumers, even as global energy producers report outsized profits in the March quarter. A Mint compilation of earnings data reported by global oil giants shows some have recorded their best profit   more..


Petrol under-recovery at Rs 13, diesel Rs 24; Reliance-BP says operations unsustainable
May 24, 2022: The joint venture of Reliance Industries Ltd and supermajor BP - has told the government that fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and diesel prices at rates way below the cost, sources said. Despite a surge   more..


Excise duty cut to hurt Indian Oil Marketing Companies
May 24, 2022: The Indian government on May 21, announced a cut in excise duty on petrol and diesel of Rs 8 and Rs 6 per litre, respectively. The price cut is expected to give relief to consumers battered by high fuel prices that have also pushed inflation to a multi-year high. After the Central government’s decision to   more..


OIL bagged first prize in professional organisation category
May 24, 2022: The OIL pavillion at NERC 2022 bagged the 1st prize in the professional organisation category showcasing E&P excellence. The award was given away by Shri Lok Ranjan, IAS, Secretary, Ministry of DoNER to the OIL team at the valedictory session. The Navratna government corporation Oil India   more..


ONGC starts trading on Indian Gas Exchange
May 24, 2022: Oil and Natural Gas Corporation (ONGC) on Monday started trading on the Indian Gas Exchange. With this, ONGC has become the first Exploration and Production (E&P) company in India to trade domestic gas on the Indian Gas Exchange. The first online trade was made on 23 May 2022 by ONGC Director   more..


IOC, HPCL and BPCL free to set their own fuel prices, says India’s oil minister
May 24, 2022: Oil marketing companies such as Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are free to set their own fuel prices, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas. The minister's comment came after the Centre   more..


Jindal Drilling & Industries bags contract from ONGC for deployment of Jack-up Rig “Jindal Star”
May 24, 2022: Jindal Drilling & Industries Ltd has informed that Oil and Natural Gas Corporation Limited (ONGC) has awarded Contract to the Company for deployment of Jack-up Rig “Jindal Star” on charter hire for a period of three years at EDR of USD 42,750. As per the filing, the above Jack-up   more..

Petropulse / Guest Column
To make sense of sensational news covering high petrol and diesel prices
Dr. B hamy V ShenoyDr. Bhamy V Shenoy | March 15, 2021: Under UPA when crude oil price reached a high of $147 per barrel in May, 2008, petrol price in Delhi was around Rs. 50 per liter. On February more...

IOG Exclusive
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...

Special Reports
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
December 24, 2021: 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
April 9, 2021: 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 more...

Future of India’s transport story is renewable biogas
Vinod Paremalby 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...

Promoting additional coal mining and production-is it green growth?
In a month when it has kicked off the auction of 41 coal fields for commercial mining, the government has released the first comprehensive national assessment of human-induced climate change and its impact on India, spelling out the consequences of persisting with a carbon-heavy path.   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
Pushp Kumar Joshi Is Interim HPCL Chairman
Pushp Kumar JoshiPushp Kumar Joshi has taken over as the interim chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), a subsidiary of state-owned Oil and Natural Gas Corporation (ONGC). more...

Former Petroleum Secretary Tarun Kapoor Appointed Adviser To PMO
Tarun KapoorThe government has appointed former petroleum secretary Tarun Kapoor as adviser to the PMO, just about three months after he was selected as the Petroleum and Natural Gas Regulatory Board (PNGRB) more...

Atul Gupta Will Be The Next Director, Commercial Of EIL
The Public Enterprises Selection Board (PESB) has selected Atul Gupta for the post of Director (Commercial), Engineers India Ltd (EIL) in a selection interview. Currently, he is working as Group General Manager (GGM) in Engineers India Ltd. Subject to requisite clearances and ACC approval Atul Gupta will replace R K more...

Shashi Shanker On Adani Total Gas Board
Shashi ShankarShashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL). Shanker, who 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]
BPCL Selloff Jinx: Fix The Regulatory Regime First
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Energy Security: The New Shibboleth Has Dubious Merit
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Uninformed Hype That Missed The Long-Term Implication: Unpacking The Russian Move To Peg Rouble To Gold
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Dilemma Over Deep Discount Offer On Russia Crude
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Foreign Investment
Equinor And ONGC Sign MoU
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AG&P Pratham To Invest In City Gas Distribution
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Overseas Investment
OVL-Partnered, Exxon-operated Sakhalin-1 Under Force Majeure
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Gas Scene
Natural Gas Price Trends: Global and Domestic
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Sector-Wise Consumption Of Natural Gas
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Domestic Natural Gas Scene: March 2022, FY 2021-22
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Share Of R- LNG, Domestic Gas In Sector-wise, Month-wise Consumption of Natural Gas
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India’s Natural Gas Import Dependency
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Natural Gas Price Trends: Global and Domestic
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Sector-Wise Natural Gas Consumption in February 2022
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Coal Bed Methane (CBM) Gas Development In India
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Domestic Natural Gas Scene: February 2022
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Natural Gas Price Trends: Global And Domestic January
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Domestic Natural Gas Scene In January 2022
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Liquefied Petroleum Gas (LPG) Profile As On January 1, 2022
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LPG Marketing At A Glance
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Sector-Wise Consumption Of Natural Gas In December 2021
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Domestic Natural Gas Scene in December 2021
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Declining Domestic Gas Production, Increasing Gas Import Dependency
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Natural Gas Price Trends: Global and Domestic
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Share Of Petroleum Products From Domestic Crude
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Latest Status of Petroleum Industry marketing Infrastructure
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Product-wise, Year-wise Production And Consumption of Petroleum Products
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Specific Energy Consumption Of PSU Refineries
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Soaring Refining Margins Almost Everywhere
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Price Movements In Indian Crude Basket In April
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India’s Petroleum Products Import Down, Export Up In FY 21-22
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Crude Oil Import Up, OPEC Share Marginally Down In FY 21-22
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Analysis of Crude Oil processed by Indian Refineries in March 2022
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Fuel & Loss In Indian Refineries
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Deliberate Strategy To Eliminate Kerosene From Consumption List?
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Increasing Power Shortage As Fuel Prices Keep Surging
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Petroleum Products Consumption trend in FY 2021-22
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Self-Sufficiency In Petroleum Products Touching A New Low In March
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Transition towards EVs and CNG: Fuel wise Passenger vehicle sales In FY2020-21, 2021-22 and market share
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Petroleum Products Consumption in March 2022
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ONGC Videsh’s Capital Expenditure Drastically Down
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Refinery-wise, sector-wise Crude Refining Capacity Vs Processing
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Declining Domestic Oil Production
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Growth In CGD Infrastructure
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Oil Import Volume and Value
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Uptrend In Global Refining Margins
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Price Movements In Indian Crude Basket In March 2022
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Tenders [FREE Access]
ONGC
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