Policy
Oil Price Unlikely To Come Down: Phased Reversal Of Crude Oil Production Cut A Bold Decision But…
more...


Crude Production Increase Unlikely To Benefit Hapless Indian Consumers
more...


India’s Growing Appetite For Gas Despite Shortages, Low Consumption
more...


Oil Major bp’s Indian Operations, New International Strategy
more...


As Crude Prices Stabilise, Refineries’ GRMs To Come Under Pressure
more...

Regulation
Contrary To Predictions, Domestic Gas Pricing Back To Square 1
more...


HPCL To Be A Force In India’s Growing LNG Market
more...


Govt.’s Losing Streak In Petroleum Related Legal Battles Halted
more...


IndianOil’s Tryst With Hydrogen As Fuel For Vehicles
more...

Alternative Energy / Fuel
Deep In Fossil Fuel Business, IOC Attempts Clean Energy play
more...

New Projects
Technip Energies Awarded Contract To Upgrade the Barauni Refinery
more...


BHEL Secures Order For Sulphur Recovery Unit From IndianOil
more...

Market Watch
Gujarat Added Most CNG Stations In India
more...

Companies
Mahanagar Gas Limited
more...


MEIL Deploys Indigenously Developed Hydraulic Rigs In Kalol Oil Fields
more...


Confidence Petroleum To Set Up Rs 2 Bn CNG Cylinder Making Unit
more...


Ather Energy Installs 10 Fast Charging Stations Across Mumbai
more...

Press Release [FREE Access]
Latest Exclusives

April 16, 2021: India’s auto sector has been rated quite dynamic. Its growth, however, was badly hit by the pandemic, Covid-19. Even as it began recovering, comes the threat of another Covid wave. Two wheelers and passenger vehicles dominate the domestic auto market. Click column Special Database for sale performance of passenger vehicles and two wheelers in February 2021.

April 15, 2021: Global rig count is the total number rigs in drilling activity. Crude price influences drilling activity. Global rig count for the month of February went up significantly. Click column Special Database for details.

April 12, 2021 | The “Ugly Spat” And Some Hard Truths: The sharp spat between India and Saudi Arabia over the rising crude oil price had surprised the oil industry circles. The Financial Times called it an “ugly spat “.Both countries have been making a lot of effort in recent years to move closer. Prime Minister Narendra Modi took the initiative in breaking the ice which raised expectation of a big ticket investments flowing into India from countries like Saudi Arabia and United Arab Emirates. Saudi crown prince Mohammed bin Salman promised investment worth $100 billion over the next two years. Many in India believe that Pradhan has a strong point when he bats for a lower price. After all, India imports close to 84 per cent of its crude oil requirements, making it the single largest item of foreign exchange outgo. At the same time, Saudi Arabia opted for production cut not to maximise its oil revenue but to stabilise oil price. No one wants oil prices to fluctuate widely. The spat raises a question: Should India demean itself by importuning the OPEC for favours? Click Free Access column Petro Intelligence for a comprehensive piece on the subject.
Today's News [FREE Access]
India to spend $200 million in next 5-7 years to promote hydrogen use
April 17, 2021: India will spend $200 million over the next five to seven years to promote the use of hydrogen, Indu Shekhar Chaturvedi, the top bureaucrat at India's ministry of new and renewable energy, said at a virtual industry event on Thursday.  India has asked its state-run oil and gas companies   more..


L&T Heavy Engineering wins significant contracts for nuclear and oil & gas sector
April 17, 2021: The Heavy Engineering arm of Larsen & Toubro has won significant contracts for its various business segments including Nuclear, Refinery, Petrochemicals, Oil & Gas in Q4 of FY21, the company said in a press release. While it didn’t disclose the order value, L&T classifies order between Rs10   more..


The API Institute USA Certifies Sealmatic - API Q1 Certification
April 17, 2021: Sealmatic has been awarded the API Q1 Certification by the American Petroleum Institute (USA) and is the only mechanical seal company in India which has the distinction of having the API Q1 Certification. Sealmatic consistently manufactures mechanical seals that conform to API’s   more..


Once loss-making, GSPC group makes its mark
April 17, 2021: In a year when the economy faced serious downturns due to Covid-19 pandemic, Gujarat State Petroleum Corporation (GSPC) group has emerged as a leader in the natural gas value chain. The group has, over the years, moved away from its core business activities of hydrocarbon exploration and production activity   more..


Fuel delivery platform Fuel 5. Buddy raises Rs 125 million from investors
April 17, 2021: S K Narvar promoted Fuel Buddy on Thursday announced raising of Rs 125 million from investors including the Jaipuria Family Office. Established in 2016, Fuel Buddy is a pioneer in the fuel delivery industry in India. "It is a tech enabled platform which provides on-demand fuel delivery   more..


Praj Industries extends rally after it wins order to set up ethanol plant
April 17, 2021: In the past six months, the stock has zoomed 200 per cent as compared to a 23 per cent gain in the S&P BSE Sensex. Friday, gaining 18 per cent in the past three trading days, after the company bagged an order to set up India's largest capacity syrup-based ethanol plant from a Godavari Biorefineries Ltd   more..


‘Fuel on call’: Mobile diesel dispenser is a hit in north Kerala
April 17, 2021: Fuel stations are everywhere but non-vehicle users and small-scale units usually have to go an extra mile to fetch it. Solving this problem, a startup in Malappuram (north Kerala) has come up with a mobile diesel dispenser that can reach every nook and corner on a call of the consumer. Fuel firm ‘Linshas   more..


Oil to hit $40 by 2030 if climate goals are met -consultancy
April 17, 2021: Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday. In a report outlining a scenario where the world acts decisively to tackle greenhouse gas emissions   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
Future Power Grid Vision - Grid Of Microgrids - Part 1
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...

Climate Action- Achieving Green and Inclusive Growth
The Vadodara-based Centre For Fuel Studies & Research in a report titled Climate Action-Achieving Green & Inclusive Growth has attempted to comprehend the status of climate change occurring on account of human actions concentrated on economic growth and urgency to act to rectify the situation. All the issues with more...

Crude collapse to crush US petchem advantage
By: Joseph Chang, Global Editor, ICIS Chemical Business The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage while global demand is being slammed by the continuing spread of the coronavirus. Financial markets are seizing up, throwing a wet blanket on new more...

Bina Refinery In Madhya Pradesh In News Again
Bharat Oman Refineries Ltd (BORL), jointly owned by the state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company as a 50:50 joint Venture is in the news again.   The refinery is called Bina refinery because it is located at Bina in the 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
TAFE Chief Mallika Srinivasan Named Head Of PESB
Mallika SrinivasanMallika Srinivasan, Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Ltd, has been named chairperson of the Public Enterprises Selection Board (PESB. It for the first time more...

Subhash Kumar Assumes Additional Charge As ONGC CMD
Subhash KumarSubhash Kumar, Director (Finance) at Oil and Natural Gas Corporation Ltd (ONGC), has assumed additional charge of the post of Chairman and Managing Director (CMD) upon the superannuation of incumbent more...

Deputy Managing Director Of MGL Resigns
Deepak Sawant, Whole-Time Director deputed as the Deputy Managing Director of MGL, has resigned as Director with effect from April 05, 2021. Deepak Sawant was designated as Deputy Managing Director of the Company with effect from May 09, 2019. Sawant has total rich experience of 28 years in Gas business which includes more...

Indian Petro Scene - In a Nutshell
On April 10, 2018 www.indianoilandgas.com entered the 25th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 25 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
Petro Intelligence [FREE Access]
The “Ugly Spat” And Some Hard Truths
more...

Ominous Force Out To Scuttle West Coast Refinery Project
more...

India Awaits Lifting Of US Sanctions Against Iran, Venezuela
more...

Privatisation Not The Answer To Consumer Woes
more...

Foreign Investment
Oilex Buys GSPC Stake In Cambay PSC
more...


BPCL Acquires OQ’s Stake In Bina Refinery
more...

Overseas Investment
GE Signs Contract With Reliance Bangladesh LNG & Power
more...

Gas Scene
CGD Becomes An Attractive Business In India
more...


Sector-Wise Natural Gas Consumption In February 2021
more...


Domestic Natural Gas Scene in February In 2021
more...


Natural Gas Price Trends: Global & Domestic
more...


Domestic Natural Gas Scene In January Presents A Dismal picture
more...


Domestic Natural Gas Scene in December 2020
more...


Update: LNG imports over the years and sector-wise consumption of natural gas
more...


Update: CGD and LNG Terminals in India
more...


Major natural gas pipelines in India
more...


Latest Demand Projections for Natural Gas
more...


Coal Bed Methane (CBM) gas development in India
more...


Capacity Utilisation of LNG Regasification Terminals (As on November 1,2020)
more...


Market Natural Gas and CGD: Attractive Industry
more...


Natural Gas : Historic Data On Domestic Production, Import & Consumption
more...


Gas to peak last among fossil fuels
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Auto Sales Register Impressive Growth
more...


Global rig count for the month of February 2021
more...


Crude price movements in Indian Basket of Crude in March 2021
more...


India’s Sinking Self Sufficiency in Petroleum Products
more...


Update: Domestic Oil & Gas Production vis-à-vis Overseas Production
more...


Fall In Capex Of PSU Oil Companies, Steep, But Less Than Feared
more...


India’s Petroleum Products Import Up In February
more...


Crude Oil Import Declines In February, OPEC Share Down
more...


Petroleum Products Consumption Recovery Crosses 95% In February
more...


Power supplied and deficit: Region-wise position for February 2021
more...


Analysis of Crude Oil Processed By Indian Refineries In February 2021
more...


Gross Refining Margins (GRM) of Indian Refineries (April-December 2020)
more...


End-use Analysis Of HSD Sales
more...


Historical data: Share of Imported and Domestic Crude in total processing
more...


Indian Rig Count Drops As The Global Rig Count Goes Up
more...


Update of Fuel & Loss in Indian Refineries
more...


Rising Crude Price Pushes Up Global Rig Count
more...


Update of Specific Energy Consumption in PSU Refineries
more...


Price movements in Indian Basket in February 2021
more...


Passenger Vehicle, Two Wheeler Sales Clock Growth In January
more...


Domestic Natural Scene In January 2021
more...


Break-up of consumption data (PSU and Private)
more...

Tenders [FREE Access]
ONGC
more...


ONGC - Frontier Basin, Dehradun
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved