Sri Lanka’s Exploration Acreage May Trigger Fresh India, China Differences more...
India’s Expanding Oil Trade With US, Crude Import, Products Export more...
Diesel Prices In Global Markets May Go Up, RIL, NEL To Benefit more...
India’s 4-Plank Strategy For Energy Security As Crude Imports Surge more...
IndianOil Embarks On Net-Zero Journey, To Cost Rs 2000 Billion more...
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OMCs To Be Compensated For Their Losses In Petrol, Diesel Sales more...
Regulator PNGRB Wants Control Over Product Pipelines more...
India To Have Ethanol Dispensing Pumps: Minister In A Hurry? more...
India’s Shale Oil & Gas Exploration Activities At A Standstill? more...
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Coadbed Methane Development Progresses Slowly more...
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HRRL’s Barmer Project Completed Successfully more...
SJVN To Set Up 90MW Floating Solar Plant more...
Indo-Bangla Friendship Pipeline Likely To Be Commissioned In February more...
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Reliance Industries Suspends Natural Gas Auction From KG-D6 Block more...
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Hoegh LNG more...
PetronetLNG Books Highest Ever Quarterly Profit more...
ONGC Signs MoU For Energy Storage Project more...
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- 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
- EKI Energy Services Ltd. launches first-of-its-kind climate venture Enters into a 50:50 partnership with First Source Energy India Pvt. Ltd. and its promoter to launch India’s first ever Climate EdTech as well as Climate Finance Marketplace
- TotalEnergies Publishes its Annual Contribution to the Energy Transition Dialogue
- Mitsubishi Electric India Signs MOU with IIT Madras Research Park for R&D Support of Power Semiconductor Solutions
- Rajesh Kumar Srivastava takes additional charge as ONGC CMD
- Neuron Energy set to expand its footprint through a tie-up with EV Giant E-Ashwa
- Oil and Gas industry gets N'GENIUS development
- ICIS petrochemicals and plastics index (IPEX) pointing to global price collapse
- Megha Engineering (MEIL) subsidiary Drillmec International India rolls out first ever indigenous oil drilling rig under “Make in India”
- ONGC declares results for Q1 FY’23: posts net profit of ₹152.06 billion, crude production up by 1.9% and gas production up by 1.4%
- Orbital Energy Group, Inc. Rebrands to Orbital Infrastructure Group, Inc.
- Petroleum Minister inaugurates 4th ONGC Para Games: 275 PwD employees of Oil and Gas public enterprises participate
- Press Releases - TotalEnergies‘ Second Quarter 2022 Results
- ONGC to make Green Hydrogen; inks MoU with India’s leading renewable energy Company Greenko ZeroC
- TotalEnergies Announces New Milestone towards Papua LNG Development
- ICIS: Spotlight increases on chemical carbon footprints
- Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
- Siemens Energy to power the world’s lowest-emission LNG facility
- Petroleum Ministry and ONGC announce ex-gratia of Rs 15 lakhs each to families of four deceased in Mumbai High helicopter incident
- Helicopter makes emergency landing near ONGC offshore rig, five survive
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January 31, 2023: On January 28th we uploaded product-wise consumption of petroleum products in December 2022. Now, we are uploading an analysis of the consumption trend for the current fiscal year beginning April 1, 2022. Click Column Special Database for product-wise details.
January 30, 2023: Petroleum products consumption is indicative of the performance of the economy. Overall consumption of petroleum products maintained the uptrend in December too. Click column Special Database for product-wise details.
January 25, 2023 | Crank Up The Oil Wells But Don’t Fall For The Hype: Back in the 1980s, with the launch of accelerated production plan at ONGC’s Bombay High offshore oilfield, India’s domestic output soared to a level where it could meet 80 per cent of the country’s crude oil demand. But that brief, self-indulgent period of relative energy security did not last for very long. A combination of several factors twisted the tale into a nightmarish ride into terrible uncertainty. Today, India imports 86 per cent of its crude oil requirement. But on the flip side, there is also a palpable sense of excitement triggered by a senior executive of ExxonMobil who recently said that he found the Indian geology highly prospective for oil finds and compared it to the attractiveness of oil rich Guyana. Petroleum minister Hardeep Singh Puri should do everything legally possible to attract oil multinationals and encourage domestic E&P companies to step up exploration efforts. But he must not allow himself to be taken for a ride by statements made by oil ‘pundits’ and business executives. In the early 1980s when the renowned international magazine Time carried an article which made the outlandish claim that India’s Godavari offshore was floating on oil. Click Free Access column Petro Intelligence for an exciting piece on the subject.
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Oil Ministry accepts recommendations for pricing natural gas at 10% of crude
January 31, 2023: The oil ministry has accepted the key recommendations of the Kirit Parikh committee on domestic natural gas pricing and begun consultations with other ministries before it sends a proposal to the Cabinet.
The oil ministry's proposal, based on the panel's recommendations, includes more..
Vedanta offers 90,000 b/d crude from west India blocks
January 31, 2023: Indian private-sector resources firm Vedanta has offered to sell 90,000 b/d of crude to domestic refiners from two oil blocks it operates in west India.
Vedanta is offering to sell 82,000 b/d produced at its RJ block in Barmer, Rajasthan state and another 8,000 b/d from its Cambay block in more..
BPCL Q3 results: Net profit falls 36% to Rs 17.47 billion, revenue up 13%
January 31, 2023: State-owned Bharat Petroleum Corporation (BPCL) reported a consolidated net profit of Rs 17.47 billion for the quarter ending December 31, 2022 (Q3FY23), getting back into the black after two consecutive quarters of loss reported in the July-September and April-June periods. But Q3 net profit was down 36.7 more..
India interested in collaborating with Guyana in several areas
January 31, 2023: Along with oil and gas, Guyana and India are set to collaborate in a number of sectors which will see vaccine, waste treatment and cement plants being established here, according to Indian High Commissioner Dr K J Srinivasa.
“… All these sectors are going to see action this year more..
AG&P speeding Philippines, India LNG terminals development
January 31, 2023: Global LNG logistics company Atlantic Gulf & Pacific International Holdings hopes to start operations at its first Philippines LNG import terminal between March and May while aiming to expand its presence globally, President AG&P LNG Terminals and Logistics, Karthik Sathyamoorthy, said.
more..
GreenLine Logistics To Add 1,000 LNG Trucks At Rs 8.50 billion
January 31, 2023: GreenLine Logistics plans to roll out at least 1,000 Liquefied Natural Gas powered heavy-duty trucks to cater to firms from hard-to-abate sectors as they shift gear to meet their ESG targets.
The green logistics service provider has tied up with firms from cement, ceramics, mining and steel more..
ONGC supported Sagar Defence Engineering with initial investment of Rs 45.4 million
January 31, 2023: Committed to facilitating indigenous startups, ONGC supported Sagar Defence Engineering with initial investment of Rs.45.4 million. It has now conceived India's 1st unmanned personal aerial vehicle ‘Varuna’ to revitalize urban air mobility by delivering on-demand aviation services. more..
Plan to invest $300 mn in solar, hybrid, battery storage projects annually: Rajat Seksaria, CEO, ACME Group
January 31, 2023: The company plans to have two to three green hydrogen projects under construction by the end of March of next year. Right now it is in the process of land acquisition in Tamil Nadu and very shortly will do that in Odisha as well, Rajat Seksaria, chief executive officer, ACME Group told ETEnergyWorld in an more..
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Technology breakthrough transforms flaring gas to clean hydrogen
By Michael Stusch, CEO, H2
Industries | Gas flaring is now recognized as a major contributor
to the emission of harmful gases affecting climate change and society by
creating increased incidences of cancer in communities close to flaring sites. Sadly,
flaring has been around for more than 150 years since 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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R K Jain Takes Over As Chairman Of IGL
Jain, who is Director (Finance) at state gas utility GAIL (India) Ltd, took over as chairman of IGL on January 14. He is a Cost and Management Accountant by profession. Jain has worked in the areas of corporate more...
Nick Walker Appointed CEO Of Cairn Oil And Gas
Nick Walker has been appointed the chief executive officer of Vedanta’s Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, effective from January 5, more...
K Suresh Shetty Will Be Director, HR At HPCL
The Public Enterprise Selection Board (PESB) has selected Kasargod Suresh Shetty for the post of Director, Human Resource in Hindustan Petroleum Corporation Limited(HPCL). The post became vacant 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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Crank Up The Oil Wells But Don’t Fall For The Hype more...
India May Explore Swap Deals For Sakhalin-II LNG more...
Gas Pricing Report: Burden Falls On The Public Sector more...
The Lost Terminals: Writing On The Wall That No One Seems To See more...
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IndianOil’s Aluminium-Air Battery JV Readies For Manufacturing Rollout more...
Lubcon Lubrication India To Set Up New Unit In Kolar more...
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ONGC Interested In Offshore Energy Exploration In Lanka more...
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Domestic Natural Gas Scene In December 2022 more...
Natural Gas Prices Plunging? more...
India’s LNG Import Shrinks In Volume, Price Doubles During April-September 2022 more...
Sectoral Consumption Of Natural Gas more...
Domestic Natural Gas Sector Presents A Dismal Picture more...
Natural Gas Price Trends: Global And Domestic more...
Domestic Natural Gas Scene In October 2022 more...
Natural Gas Price Trends: Global and Domestic more...
Sectoral Consumption of Natural Gas In September more...
Domestic Natural Gas Scene in September more...
Sector-Wise Consumption Of Natural Gas more...
Domestic Natural Gas Scene In August 2022 more...
MGL Remains A Remarkably Efficient CGD Company more...
Natural Gas Price Trends: Global And Domestic more...
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An Analysis Of the Petroleum Products Consumption Trend more...
Item-Wise Petroleum Products Consumption In December 2022 more...
Analysis of Crude Oil Processing by Indian Refineries more...
Import, Export Of Petroleum Products Down In December 2022 more...
India’s Crude Import In December: OPEC Share Down, Russian Share Up more...
India’s Declining Crude Production, Domestic, Overseas more...
Customs, Excise Duty, GST Rates In Petroleum Sector: An Update more...
Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI) more...
Profit After Tax Of Companies In Oil & Gas Sector: An Update more...
Retail Selling Prices Of Petroleum Products In India and Neighbouring Countries more...
Indian Crude Basket more...
Specific Energy Consumption in PSU Refineries, An Update more...
Rising Share of Imported Crude In Crude Oil Processing more...
Impact Of Ukraine War? GRMs Of PSU Refineries During H1 2022 Highest Since FY 2017-18 more...
Distillate Yield In PSU Refineries: An Update more...
Analysis Of Trend In Petroleum Products Consumption During FY 2022-23 more...
Continued Power Deficit Promotes Diesel Sale more...
Petroleum Products: Import Up, Export Down In November more...
Crude Oil Import In November: Russian Share Up At 20.7%, OPEC Share Sharply Down more...
Crude Oil Processing: Down In November, But Up In April-November 2022 more...
Impressive Growth In Petroleum Products Consumption In November more...
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