|
Shrinking Inventories, Slowing Demand: Sans War Crude Prices Will Drop, Extent Of Fall Uncertain
more...
The Trump Administration’s Continued Obsession With Russian Oil
more...
India Increases Imports Of Crude From Venezuela, US Imports Fluctuate
more...
Indian Govt. To Spend Rs 840 Billion In Search Of Oil In Deep Waters
more...
India Successfully Manages The LPG Crisis
more...
|
|
Striving To Raise Share Of Natural Gas In India’s Energy Mix
more...
India Keen To Enhance Share In Global VLGC Fleet
more...
High Procurement Cost Of Ethanol Triggers Fresh Controversy
more...
ONGC-OIL Joint Operating Agreement For Exploration Blocks
more...
|
|
India’s Solar Growth Enters A New Era
more...
|
|
Union Cabinet Approves Offshore Exploration Scheme
more...
Cabinet Approves Gobardhan Scheme
more...
CPCL Plans Manali Refinery Expansion To 280,000 Bpd
more...
|
|
IOC Launches Indane XTRALITE LPG Delivery Service In Delhi
more...
|
|
Fugro
more...
Fugro Awarded Three-Year Deepwater ROV Contract In India
more...
GRSE Bags ONGC Contract To Build Four Platform Supply Vessels
more...
|
|
- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
|
|
|
August 21, 2026: Sharp Fall In India’s LPG Consumption During April-July 2026, click column Special Database for details.
August 20, 2026: Domestic Natural Gas Production Exceeding Targets? Incredible it sounds because all these months and even years the officially fixed production targets have been far above the actual production. This time around, domestic production by almost all parties is far above the targets. How come this? Production has not increased but targets have been lowered mainly for private and JVs. Actual production during April-July 2026 is even below the level of the corresponding period of 2025. Click column Gas Scene for details.
August 10, 2026 | Alliance That Could Break With A Corrupt Past | India’s upstream oil and gas sector is dominated by two state-owned enterprises: Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL). The recently concluded Joint Operating Agreement (JOA) between ONGC and Oil India is very significant. If the two partners can bury their hatchets and differences, we could see a turnaround in the fortunes of India’s oil sector. India needs to harness the right people with the expertise to discover oil and gas in its sedimentary basins. The country does not have large hydrocarbon reserves and, therefore, the task of discovering oil and gas is not going to be easy. Until now, India has tended to drill recklessly and has the unenvious record of coming up with the most dud wells. This is a criminal waste of resources and fosters corruption. Click Free Access column Petro Intelligence to read an insightful piece.
|
|
India, Mauritius expand energy cooperation beyond crude and refined petroleum products
August 22, 2026: India and Mauritius are set to expand their energy partnership beyond conventional petroleum products to clean and sustainable fuels, with Mauritius having prepared a National Biofuel Policy Framework, Union Petroleum Minister Hardeep Singh Puri said.
Puri said the two countries’ energy more..
IndianOil signs five-year deal to supply petroleum products to Mauritius
August 22, 2026: State-run refinery and oil marketing major Indian Oil Corp Ltd has signed an agreement with State Trading Corporation of Mauritius for the supply of petrol, diesel and jet fuel to Mauritius for five years. The Indian government also has tied up with the Mauritius government for cooperation in the oil & more..
China Is Squeezing India Out of Russia’s Oil Trade
August 22, 2026: China is buying more Russian oil to replace missing Iranian barrels. The problem for India is that some of those Russian barrels used to be its barrels.
China's seaborne imports of Russian crude are estimated at 1.25 million barrels per day in August, according to Kpler data, cited by more..
MC²+ Ignite Launches Accelerator for India’s Energy Deep-Tech Startups
August 22, 2026: MC² Foundation has launched MC²+ Ignite, a sector-specific accelerator designed to support deep-tech startups developing technologies for India’s energy sector. The programme was launched at IIT Madras on August 19 by Dr. Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas (MoPNG), more..
Domestic solar cell supply shortage short term, market set to realign soon: Experts
August 22, 2026: The country's domestic solar cell supply shortage is a short-term challenge and will ease as manufacturers ramp up capacity to meet local-content requirements, industry players said.
The total solar cell manufacturing capacity in the country is projected to rise to around 100 GW by December more..
Mahanagar Gas Limited Makes Ashiv Maharashtra’s First 100% LPG-Free PNG Village
August 22, 2026: Mahanagar Gas Limited (MGL), one of India’s leading City Gas Distribution (CGD) companies, has achieved a defining milestone by successfully transitioning Ashiv village in its Latur Geographical Area (GA) entirely from LPG to Piped Natural Gas (PNG), making it Maharashtra’s first 100% LPG-free PNG more..
Indian crude oil imports from Venezuela rise sharply in August
August 22, 2026: Switch to focused listIndia is widening its crude oil sourcing to Latin America as disruptions linked to the Iran conflict and the Strait of Hormuz push the world’s third-largest oil consumer to diversify supplies, ship tracking data showed.
more..
PNGRB mandates fixing responsibility for major oil, gas accidents
August 22, 2026: Tightening safety and accountability norms, the Petroleum and Natural Gas Regulatory Board (PNGRB) has made it mandatory for oil and gas companies to fix responsibility for major incidents and lapses at senior level and take action against those found responsible.
Response and Disaster more..
|
|
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...
|
|
Time To Review Crude Sourcing Strategy
By R. Sasankan
The petroleum
industry is in a state of ferment. As the geopolitical crisis escalates and the
world economy starts to slow down, the demand-supply equation in crude oil has
been thrown out of kilter.
Crude oil prices have started to more...
India should establish an autonomous Energy Institute
by
Bhamy V. Shenoy*
Soon after the start of Israel-US
versus Iran war on February 28 and the blocking of strait of Hormuz, global oil
supply was reduced at least by over ten million barrels per day based on IEA
report. Magnitude of the supply loss was far worse than during the more...
Time To Rework Crude Import Strategy
By R. Sasankan
The war in Iran has dragged on for more than
six weeks - longer than President Donald Trump had anticipated. A brittle
two-week ceasefire has settled over the conflict zone as negotiators from both
sides prepare to resume peace talks with the outcome uncertain more...
India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V.
Shenoy
The oil shock
from the US-Israel war against Iran affecting every country excepting Russia is
the worst one by any standard. Still, international oil market has managed
reasonably well so far in terms of oil prices. After a month, oil prices have
gone up only more...
No Need To Expand Oil Caverns
By R. Sasankan
The war in Iran has entered the third week,
triggering a massive disruption in oil and gas supplies through the Strait of
Hormuz. Over a quarter of the world's oil supplies flow through the critical
chokepoint in the Persian Gulf. There is no indication when the more...
The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan
The alarm bells have gone off in India's petroleum industry after a
recent report prepared by Integrated Global Services (IGS) claimed that
the country's downstream oil and gas industry is close to breaking point
because of its ageing energy infrastructure more...
Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy
In what way the above title has
any relevance to readers who are interested in oil and gas sector or energy
sector in general? This is an obvious question. I should be able to convince
the doubters easily.
I asked AI a question: What more...
Andaman Basin: Time to Dial the Russians
By R. Sasankan
India's upstream
companies are swarming all over the Andaman Basinto find oil and natural gas
reserves in what promises to become the country's new energy frontier. The buzz
around the Andamans basin - which lies in the junction between the Indian more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan
There
is an unexplained Paradox in India's petroleum sector: when global crude oil
prices tumble, consumers are robbed of their legitimate benefits at the pump.
Oil refiners coolly pocket the resulting profits, and the government actively
supports that more...
Natural Gas: Little Glimpse Of The Dream
By R. Sasankan
Greek mythological figure Sisyphus was condemned by the gods to
an eternal punishment where he must push a large boulder up a mountain,
only for it to roll back down to the bottom just as it nears the top.
The plight of India's energy planners more...
|
|
ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
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...
|
|
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...
|
|
Prashant Singh Elevated As CEO Of ONGC Green
 Oil and Natural Gas Corporation Limited (ONGC) appointed Prashant Singh as the Chief Executive Officer (CEO) of ONGC Green Limited. Prashant Singh brings more than three decades of experience in more...
Mohit Kumar Agrawal Appointed Dy Secretary In Petroleum Ministry
 Mohit Kumar Agrawal, an officer of the Indian Telecommunication Service (ITS), has been appointed as Deputy Secretary in the Ministry of Petroleum and Natural Gas. The appointment is on a central more...
|
|
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 |
|
|
Alliance That Could Break With A Corrupt Past
more...
Hormuz Becomes A Theatre Of War
more...
Competitive Pricing Of Oil And Gas luding Indian Consumers
more...
Why Is US Interested In India’s Energy Sector? Time For Strategic Thinking
more...
|
|
Brookfield’s $ 600 M India-Focused Renewable Energy Platform
more...
|
|
OVL Seeks Operatorship Of Venezuela Oil Blocks
more...
|
|
Domestic Natural Gas Production Exceeding Targets?
more...
Where Does India Figure Globally In LNG Imports?
more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
more...
Global Natural Gas Price Trends
more...
India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
more...
Dismal Domestic Natural Gas Scene In June 2026
more...
India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Domestic Natural Gas Scene In May 2026
more...
Sector-Wise Consumption Of Natural Gas In India
more...
CGD Sector’s Increasing Share In India’s Natural Gas Consumption
more...
Domestic Natural Gas Scene In May 2026
more...
A Total Picture of India’s Domestic Natural Gas Scene
more...
Coal Bed Methane Development in India
more...
Domestic Natural Gas Scene In April 2026
more...
A Graphic Presentation Of India’s Domestic production of Natural Gas, Consumption, Import dependency
more...
Natural Gas Pipeline Operators In India, A Graphic Presentation
more...
Domestic Natural Gas Scene In FY 2025-26
more...
Domestic Natural Gas Scene In February 2026
more...
|
|
Sharp Fall In India’s LPG Consumption During April-July 2026
more...
Fuel & Loss In Indian Refineries In FY’26
more...
Fluctuating Levels Of India’s Petroleum Products Surpluses
more...
Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
more...
What Pushed Up Crude Processing In FY ’26?
more...
Distillate yield of PSU refineries in the last two years
more...
What Precisely is The Share of Imported Crude In Processed By Indian refineries?
more...
Import, Export Of Petroleum Products Decline In June 2026
more...
Barrel Of Crude Processed In FY ‘26: Products Yield and Their Uses
more...
Analysis Of The Type Of Crude Oil Processed By Indian Refineries In June 2026
more...
World Oil Demand Picture Looks Positive
more...
India’s Crude Oil Imports Continue With The Declining Trend
more...
Indian Crude Basket Price Down & Up In June 2026
more...
India’s Exploration Round NELP Launched In 1999 Has 32 Parties Still Operating
more...
India’s Overseas Crude Production Up Even As Domestic Production Drops In FY ’26
more...
Petroleum Products Consumption Drops In June 2026
more...
Consumption Growth of Petroleum Products
more...
India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Indian Refineries Love High Sulphur Crudes For Processing
more...
Stagnating Domestic Crude Production, Its Shrinking Share In Petroleum Products Consumed
more...
|
|
SCI Tender For LNG Fuelled Container Vessels
more...
|
|
|
