Crude Prices Remain Stable Even As Israel - Iran Conflict Continues more...
As President Trump Wants, India To Import More Oil, LNG From USA more...
India’s LNG Imports To Double By 2030, Search For New Sources Of Supply more...
India’s Crude Import Goes Up Only In Volume Not In Value more...
Indian Refiners Shying Away From Increasing LPG Production more...
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Capacity To Be Expanded: Dhabol LNG Terminal Revived As All Weather Port more...
To Arrest Production Decline: ONGC Inaugurates India’s First Fully Automated ASP CEOR Plant more...
Domestic Ethanol Production Has To Go Up To Meet Rising Blending Targets more...
India Creates One More Record In Promoting LPG more...
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IOCL To Supply LNG To NTPC’s Upcoming 50 MW Power Plant more...
BPCL Awards Solar And Li-Ion Battery System Contract To Volks Energie more...
BPCL Inks Pact With MCC To Set Up Compressed Biogas Plant more...
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Rural LPG Distribution Sees Significant Jump more...
Chennai Petroleum To Re-Enter Fuel Retail Market more...
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Osaka Gas Co more...
HPCL To Invest Rs 20 billion In 24 CBG Plants Over 3 Years more...
Suzlon Wins Third Successive 170.1 MW Order from AMPIN Energy more...
Juniper Green Energy Commissions 59 Mwp Solar Project more...
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July 10, 2025: The state-owned upstream major, Oil India Ltd (OIL), has delivered a strong 3% growth in production over last 5 years. Its highest ever production happens to be in FY 25. Click column Special Database for details.
July 8, 2025: Analysis Of Crude Oils Processed By Indian Refineries In May 2025. Click Special Database for details.
June 25, 2025 | It Is Time That Oil India Gets Its Due: The choice of subject for this column was sparked by a recent media report that Oil India had signed a memorandum of understanding (MoU) with Cochin Port Authority. The state-owned upstream major planned to use the facilities at the port to create a new shore support base for the company’s offshore oil exploration in its block on the Kerala coast. Oil India’s crude production has stagnated around 3 million tonnes per annum for many years now. “Still, I have great regard for what I believe is an emerging oil giant. My perception springs from the fact that its senior level executives are professionally superior to their counterparts in many other companies. OIL’s top brass has always been more knowledgeable about upstream E&P activities, global developments and economics of the upstream sector… One cannot but wonder whether ONGC’s discovery of Bombay High in some way stunted the growth of Oil India Ltd. That sounds like a perverse view about the dynamics between the two upstream siblings but I have good reason to voice it”. Click Free Access column Petro Intelligence to read an exciting piece.
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Exclusive: India aims to import about 10% of its cooking gas from US from 2026
July 10, 2025: India plans to source about 10% of its cooking gas imports from the U.S. beginning in 2026 as part of a broader effort to boost energy purchases to narrow its trade gap with Washington, four industry refining sources familiar with the matter said.
The world's third biggest oil importer and more..
India seeks offshore tech tie-ups for deep-sea oil, hydrogen collaboration with Norway
July 10, 2025: India is seeking collaboration on offshore energy technologies with Norwegian firms as it prepares to explore more than 2,50,000 square kilometres under the Open Acreage Licensing Policy(OALP) Round-10, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said.
In a post on X, the more..
PNGRB plans petroleum products exchange
July 10, 2025: The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to facilitate the creation of an exchange for trading petroleum products such as aviation turbine fuel(ATF), naphtha, fuel oil and bitumen, in a bid to promote fair and transparent pricing in the domestic market.
"The concept more..
Reforms in the making for city gas distributors? New tariff order expected next month
July 10, 2025: Domestic city gas distribution (CGD) companies are set to benefit from a series of regulatory reforms in terms of reducing costs and improving efficiency as new tariff order is expected to be issued next month, following the release of revised pipeline tariff regulations two days ago.
According more..
IGX Hits Record High in Q1FY25 with 24.5 Million MMBtu Trade; June Volumes Dip Amid Lower Power Demand
July 10, 2025: During Q1FY25, IGX traded record volume of 24.5 million MMBtu (619 MMSCM). Another milestone achieved was first trade in 6-month Long Duration Contract. In June’25 due to lower demand from the power sector, IGX traded gas volume of 4 million MMBtu (101 MMSCM), lower by 8% YoY.
Gas more..
BPCL, HPCL near record highs, zoom up to 57% from March low
July 10, 2025: Shares of oil marketing companies (OMCs) Hindustan Petroleum Corporation Ltd. (HPCL) (₹452.4) and Bharat Petroleum Corporation Ltd. (BPCL)(₹357.55) were trading higher by up to 2 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market on expectations of strong more..
ACEN and UPC Renewables break ground on over 500 MW of new renewable energy projects in India
July 10, 2025: ACEN, in partnership with UPC Renewables, has commenced construction of two major renewable energy projects in India: a 420 MW solar farm in Rajasthan and a 120 MW wind farm in Karnataka. These new developments mark a significant step forward in ACEN’s and UPC’s strategic expansion into one of the more..
Hindustan Power launches 435 MWp solar project in Uttar Pradesh
July 10, 2025: Hindustan Power has begun a 435 MWp solar power project in Lalitpur, Uttar Pradesh, during the Clean Energy Summit 2025. The project, which will supply clean electricity to the state for 25 years, is part of Uttar Pradesh’s goal of reaching 22,000 MW of renewable energy by 2026-27.
more..
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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...
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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...
West Coast Refinery Continues To Battle A Jinx
By R. Sasankan
Industrial projects in India can never seem to skirt controversy and
invariably go through a prolonged period of uncertainty as promoters
fret over the roadblocks they face. The intensity of the controversy is
directly proportional to the size of the 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...
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...
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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...
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...
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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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Esha Srivastava Appointed As Govt. Nominee Director On IOCL Board
Indian Oil Corporation Limited (IOCL) has announced the appointment of Esha Srivastava (IFS) as Government Nominee Director on its Board with effect from June 20. She is a 2004-batch Indian more...
Vikas Singh Appointed As Govt. Nominee Director On OIL Board
Vikas Singh has been appointed as Government Nominee Director on the board Oil India Limited (OIL). He is a 2007 batch Indian Revenue Service (IRS) officer and presently posted as Director in MoPNG.
more...
Kapil Verma Appointed As Govt. Nominee Director On EIL Board
Engineers India Limited (EIL) has announced the appointment of Kapil Verma as Government Nominee Director on its Board. Verma’s appointment is effective immediately for a period of three years, co-terminus with the tenure or until further orders, whichever is earlier. Verma is currently serving as a Director in the more...
Kamini Chauhan Ratan Appointed As Govt. Nominee Director On GAIL Board
GAIL (India) Limited has announced a key change in its Board of Directors with the appointment of Kamini Chauhan Ratan, Additional Secretary and Financial Adviser in the Ministry of Petroleum and Natural Gas (MoP&NG), as Government Nominee Director. Her appointment is effective from June 19, 2025. Ratan will replace 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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It Is Time That Oil India Gets Its Due more...
India Needs To Snap Up LNG Assets In US more...
Time To Hunt For New Forms Of Energy more...
Buyers’ Market: India Needs To Rework Its Crude Import Strategy more...
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Shell Launches Green Skills-Focused EV Training Program more...
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ONGC Board Clears $412 Mn Guarantee For Funding OVL’s Investments more...
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Domestic Natural Gas Scene Presents A Dismal Picture In May 2025 more...
Highlights of Domestic Natural Gas Scene In April 2025 more...
How Much Is India’s Domestic Production Of Natural Gas? How Much Is Natural Gas Consumption And Import Dependency? more...
Where Does India figure among the world’s Top Natural Gas Consuming Countries? more...
Domestic Natural Gas Scene In April Presents Declining Production, Increasing LNG imports more...
Sector-Wise Consumption Of Natural Gas In FY ’25 more...
Dismal Performance By Domestic Natural Gas Producers In March 2025 more...
India’s LNG Regasification Terminal Capacity In For a Big Jump more...
India’s LPG Profile as on January 1, 2025 more...
Domestic Natural Gas Scene In February 2025 more...
Domestic Natural Gas Scene In January 2025 more...
India’s Growing Gas Import Dependency more...
Domestic Natural Gas Scene in December 2024 more...
India’s Total And Sector-Wise Natural Gas Consumption During April-November 2024 more...
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Oil India’s Highest ever production more...
Analysis Of Crude Oils Processed By Indian Refineries In May 2025 more...
Quantum Of Crude Oil Import Declines in May, OPEC Share Increases more...
Most Global Trading Hubs Report Rising Refining Margins more...
How Prices Moved In the Indian Crude Basket in June 2025? more...
Retail selling price of major petroleum products in India & neighbouring countries more...
BPCL To Set Up Global Crude Oil Trading Desk To Be Operationalized in FY ’26 more...
Analysis Of Petroleum Products Consumption During The Current FY 2025-26 more...
Domestic Share in India’s petroleum Products Consumption Touches All-Time Low In May 2025 more...
Consumption Growth Of Petroleum Products Slows In May 2025 more...
Profit After Tax Of India’s Oil Cos Decline In FY ’25 more...
Share Of Imported and Domestic Crude In Processing by Indian Refineries more...
India’s Peak Power Demand Falls During April-May 25 more...
Status Of Shale Gas &Oil Exploration more...
Significant Jump In Crude Oil Processing By Indian Refineries In FY 2024-25 more...
OPEC’s Global Oil Demand Forecast Remains Unchanged more...
India’s Rising City Gas Distribution Sales more...
How Did Prices Move In The Indian Crude Basket In May 2025? more...
India’s Declining Domestic, Overseas Production Of Oil & Gas more...
In recent years, India Makes Consistent Progress In Ethanol Blending With Petrol Program more...
Shrinking Demand For Naphtha Looks Like A Temporary Phenomenon more...
India’s Exports And Imports Of Petroleum Products Decline In April 2025 more...
India’s Ever Rising Peak Power Demand more...
Marginal Decline In India’s Crude Oil Imports In April, OPEC share Shrinks, Russian share remains at 35.7 % more...
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