Policy
Crude Oil Producers In A Fix Over Higher Price Versus Market Share
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Putin Assures India Of Russian Oil Supply
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Experts watching With Interest: Oil India Ltd’s Exploratory Drilling In Kerala-Konkan Basin
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India On The Way To Becoming A Refining Hub
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Regulator Pitches For Sweeping Reforms Of Natural Gas Sector
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Regulation
‘Low’ Tariff Hike For Gas Transmission Pushes Down GAIL’s Share Price
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India’s Refining Companies Debate A Joint Procurement Strategy For Crude Oil
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LPG Continues To Be A Problem Product For India
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India’s OMCs Initiate Move To Set Up Shipyards To Build Crude Oil Carriers
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Alternative Energy / Fuel
India Progressing In Green Hydrogen Production
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New Projects
India’s Solar Energy Corporation Plans Its Biggest Battery Project
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ITPL Launches New Bitumen Derivatives Facility Near Chennai
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Market Watch
India To Become Fastest-Growing Renewable Energy Market By 2030
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Companies
Gujarat Natural Resources Ltd
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ONGC And Petronet LNG Ink ₹50 billion Deal for 15-Year Ethane Services
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Desco Infratech Secures Rs 110 -Mn Orders From Avantika Gas And BPCL
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NRL And BPCL Forge Strategic Partnership To Boost Crude Sourcing And Product Evacuation
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Press Release [FREE Access]
Latest Exclusives
December 15, 2025: Bharat Petroleum Corporation Ltd (BPCL) is the second largest Oil Marketing Company in India. It has finalised a strategy to fuel the company’s growth for the period FY '25 to FY '29. Click column Special Database for details.

December 12, 2025: India has 8 LNG terminals with a total capacity of 52.7 million metric tonne per annum. The capacity utilisation of majority of them is incredibly low. Click column Gas Scene for terminal- wise capacity utilisation.
December 10, 2025 | Natural Gas: Little Glimpse Of The Dream | 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 natural gas experts reminds one of this mythical Sisyphus. Back in March 2022, the Indian government announced the decision to raise the share of natural gas in the country's energy mix to 15 per cent. When the announcement was made, the share of natural gas was only 6.3 per cent. The target of 15 per cent was supposed to be achieved by 2030. Sadly, we haven't been able to move the needle on natural gas consumption in the country. Nobody seems to have a clear picture because officialdom has been extremely coy when it comes to publishing data that risks busting the pipedream. The common perception is that the current consumption levels is between 6% and 6.7%. At this pace, there is the grim possibility that the target won't be realised even by 2050. Click Free Access column Petro Intelligence to read an exciting piece.
Today's News [FREE Access]
New Petroleum And Natural Gas Rules Notified
December 15, 2025: The government has notified the Petroleum and Natural Gas Rules, 2025, introducing a modern regulatory framework designed to draw higher investment into India’s oil and gas sector and improve ease of doing business. Issued under the recently enacted Oilfields (Regulation and Development) Amendment   more..


India’s 89 per cent crude oil Import dependence a major risk, warns Parliamentary panel
December 15, 2025: A parliamentary committee has flagged India's heavy dependence on crude oil imports and rising geopolitical risks as major challenges for the country, and urged the government to step up diversification of supply sources and strengthen risk management mechanisms. In its report tabled in   more..


Second phase of petroleum pipeline expansion moves forward with Indo-Nepal cooperation
December 15, 2025: Work on the second phase of Nepal’s petroleum pipeline expansion has advanced through joint investment by Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC). The project covers the Jhapa–Siligudi pipeline, the Siligudi–Charali pipeline with a storage depot, and the   more..


REC completes post-issuance assurance for $500 million and JPY 61.10 billion green bonds
December 15, 2025: REC Limited has successfully completed post-issuance assurance for its Green Bonds issued under the company’s Green Finance Framework. The assured issuances include USD 500 million (ECB 74) raised in September 2024 and JPY 61.10 billion (ECB 66) mobilised in January 2024. The   more..


IEW 2026: Refineries key as oil demand shifts to India
December 15, 2025: In its latest Global Energy Outlook released in November, the Paris-based International Energy Agency (IEA) stated that India is poised to become the new epicentre of oil demand growth over the next decade. Though China accounted for more than 75 per cent of oil demand growth over the past decade, the   more..


Bharat Petroleum Corporation Limited (BPCL) Receives a Buy from Jefferies
December 15, 2025: In a report released today, Bhaskar Chakraborty from Jefferies reiterated a Buy rating on Bharat Petroleum Corporation Limited, with a price target of INR435.00. According to TipRanks, Chakraborty is a 3-star analyst with an average return of 3.9% and a 51.06% success rate. Chakraborty covers   more..


Coal gasification can save India ₹600–900 billion per year in import substitution
December 15, 2025: India’s target of achieving 100 million tonnes of coal gasification capacity by 2030, with a total investment of over ₹850 billion, is gaining momentum as numerous projects are set to move from the blueprint stage to construction. The mission has the potential to create a low-carbon chemicals   more..


IOC declares interim dividend of Rs 5 per share for FY’26, sets December 18 as record date
December 15, 2025: State-run Indian Oil Corporation (IOC) on Friday declared an interim dividend of Rs 5 per share for the financial year 2025–26 and set the record date for Thursday, December 18, 2026. The dividend will be paid by January 11, 2026, the company said in its filing to the exchanges. The PSU   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Buy Assets In US And Swap Crude With Europe
By R. Sasankan The pecking order in the world of oil and gas has changed dramatically: the US has grabbed the top spot on the totem pole. One recent report summed up the development succinctly: "December 2023 witnessed an extraordinary surge in US LNG exports with shipments more...

Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan Parliamentarians in India have a heart-warming desire to shape public policy; the trouble is that in their eagerness to do something - anything - they can allow the nobility of their intention to smother the practicality of their proposed interventions. In their zeal more...

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...

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...

Special Reports
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
Surya P. SethiMay 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...

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
ONGC CMD A K Singh Gets One Year Extension
AK SinghThe Appointments Committee of the Cabinet (ACC) has approved the re-employment of Arun Kumar Singh as Chairman of Oil & Natural Gas Corporation (ONGC) on contract basis for another year, said an official more...

Oil India Board Approves Promotion Of Executives To Executive Director Level
The Board of Directors of Oil India approved the promotion of several executives to the level of Executive Director on December 4, 2025. Multiple executives across various departments including Offshore, Exploration & Development, Corporate Planning, and Finance have been promoted. The promotions are effective from more...

BPCL Director Asheesh Joshi’s Tenure Concludes Following Central Deputation Completion
Bharat Petroleum Corporation Limited (BPCL), has announced a change in its board composition. Asheesh Joshi, who served as a director on BPCL's board, has concluded his tenure effective December 1, 2025. This change comes as a result of the completion of Joshi's central deputation at the Ministry of Petroleum and 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]
Natural Gas: Little Glimpse Of The Dream
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US Sanctions: Is The Russian Bear Still Dancing?
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Time To Strike Big Oil Deals With Middle East Majors
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Petroleum deal-making: Time for samba?
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Foreign Investment
AMPIN Secures $50 Million From FMO To Expand Renewable Energy Projects in India
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Overseas Investment
EIL Wins Major Contract In Nigeria
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Gas Scene
Capacity Utilisation Of India’s LNG Terminals
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Sectoral Consumption of Natural Gas In India
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Domestic Natural Gas Scene In October 2025
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Indian Natural Gas Spot Price for Physical Delivery
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India’s Reluctant Initiatives In Shale gas and oil exploration
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Restrained Increase In Domestic Natural Gas Price
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Domestic natural gas scene in September 2025 (MMSCM)
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Sector-Wise Consumption Of Natural Gas In India
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India Moves Towards A National Gas Grid
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Domestic Natural Gas Scene In August 2025
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Where Does India Figure Among Top 30 Natural Gas Reserves Countries?
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India’s Growing Compressed Biogas Sector
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Sectoral Consumption of Natural Gas (in %) April 2024- March 2025
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Domestic Natural Gas Scene In July 2025
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Natural Gas Price On The Decline
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Coal Bed Methane Gas Development In India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
BPCL Finalises A Strategy To Fuel Company’s Growth Up to FY’29
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HPCL’s Net Zero Plan
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Where Does India Figure among the top 30 countries In Terms Of Proven Hydrocarbon Reserves?
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India’s Ethanol Blending With Petrol Program Makes Impressive Progress
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Exploration Blocks Offered Under NELP Rounds Still Under Operation
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BPCL’s Net Zero Roadmap
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Price Realisation By Oil India For Its Crude And Natural Gas
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India’s Petroleum Products Trade In October: Sharp Decline In Imports, Exports Up Marginally
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Where does India figure in global ranking of top natural gas consumers?
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Analysis Of Crude Oils Processed By Indian Refineries In October 2025
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Russian Crudes’ Share In India’s Import Basket In October Remains Undiminished
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India Seeking Foreign Collaboration To Strengthen Maritime, Shipbuilding Capacity
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India’s peak demand for power comes down marginally During April-October
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Graphic Presentation Of Pet coke Using Sectors In India
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Petroleum Products Consumption In October Registers A Marginal De-growth
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India’s Dilemma Over Declining Natural Gas Production And Rising Consumption
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Refining Margins Up In Global Trading Hubs
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Tenders [FREE Access]
Cairn Oil and Gas
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