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Crude Prices Fall Even As Production Remains Low
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ExxonMobil, bp Differ In Demand Perception: Oil Demand Plateau Unlikely Before 2050, Demand To Continue At Current Rate
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Privatisation Of Oil Marketing Companies Off The Table
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India Emerges As A Major Refining Hub
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Renewable Capacity Surges As Investment Pours In
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Heat Emerges More Powerful Than Price In Shaping India’s LNG Demand
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Auto LPG Not In A Hurry, Prefers A Cautious Growth In India
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Oil Major Chevron’s Journey From Lubricants To R&D Hub in India
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BPCL Opts For Used Cooking Oil Route To Produce SAF
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Deloitte India’s Report On Alternative Fuel Options
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IOC Gas Pipeline Project In Tamilnadu
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Oil India And Indra Dhanus Gas Grid Sign Hook Up Agreement
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ONGC Explores Mega Refinery Project In UP
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IOC Achieved 0.73% Biodiesel Blending
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Petron Scientech Inc
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3t Drilling Systems Expands In India
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L&T Carves Out Renewable Business Vertical
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September 13, 2024: HPCL Emerging As A Major Force In Refinery Sector With Rajasthan Refinery, click column Special Database for details.
September 12, 2024: Highlights Of BPCL’s Strategic Framework For Growth Upto FY ‘24 - FY ‘29, click column Special Database for details.
September 10, 2024 | India Needs To Reboot Its Crude Oil Sourcing Strategy: India has always tried to hedge its risks and tended to source its crude oil from multiple sources – preferring small tenders, and driblets of crude oil from several source countries. The question is whether that strategy needs to be re-assessed. It is an accepted fact that small buyers do not command much respect before major crude producers. India is a big buyer but it is regarded as a small player because it prefers to spread out its sources of supply in the name of oil security. India is now poised to become the world’s third largest economy in the near future and this cannot be achieved without raising crude imports. Leading oil producers will be keen to woo India to sign large long-term deals; in exchange, they will be prepared to offer attractive price terms. There is no need for any major diplomatic gambit here. The security bogey is no longer relevant in a changed oil market scenario. Click Free Access column Petro Intelligence to read a comprehensive piece on the subject.
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Crude oil prices drop by 21% since March, but fuel costs continue to sting
September 14, 2024: Hopes for a drop in petrol and diesel prices have grown amid a steady fall in global crude oil rates. Petroleum Secretary Pankaj Jain hinted that international market trends might result in lower fuel prices, making it the government’s first statement on the matter in six months.
more..
BPCL board approves joint ventures with Sembcorp Green Hydrogen India & GPS Renewables to meet net-zero goals
September 14, 2024: Bharat Petroleum Corporation Limited (BPCL) is set to expand its presence in the renewable energy sector through two new joint ventures. The state-owned company's Board of Directors has approved partnerships with Sembcorp Green Hydrogen India Pvt. Ltd. and GPS Renewables Pvt. Ltd., respectively.
The company more..
Work begins on the TAPI gas pipeline between Central and South Asia
September 14, 2024: The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline enters a decisive phase with the start of construction work in Afghanistan. The project, valued at $10 billion, aims to transport 33 billion cubic meters of natural gas a year from Galkynysh, one of the world’s largest gas fields in more..
HPCL Refinery a dream project for Rajasthan Jaipur
September 14, 2024: Rajasthan Principal Secretary Mines and Petroleum T Ravikant on Thursday said that more than 90 per cent of the work of 10 process units of the refinery has been completed at HPCL Refinery Project while about 81 per cent of work has been done in the project area. He emphasised the need to expedite the more..
India to be the Exclusive Partner for European Hydrogen Week in Nov 2024
September 14, 2024: India will be exclusive partner with the European Hydrogen Week, scheduled in November 2024, the New & Renewable Energy Ministry said on Thursday.
The second day of the International Conference on Green Hydrogen (ICGH-2024), held at Bharat Mandapam, New Delhi, witnessed the announcement more..
Apraava Energy secures 300 MW solar project from NTPC
September 14, 2024: Integrated energy solutions provider Apraava Energy on Thursday said it has secured a 300 MW solar project from state-owned power giant NTPC LImited.
The project will be set up in Rajasthan, within a scheduled completion period of 24 months. It was secured through an e-reverse auction more..
BPCL to invest Rs. 11.38 billion for CCKPL and IDPL
September 14, 2024: The Board of Directors of Bharat Petroleum Corporation Limited (BPCL) at its meeting held on 12th September, 2024 has approved augmentation of Cochin Coimbatore Karur Pipeline (CCKPL) and Irugur Devangonthi Pipeline (IDPL) along with setting up of Palakkad TOP Kerala.
Existing pipeline more..
IREDA’s Bijay Kumar Mohanty gets 6 months extension as Director (Projects)
September 14, 2024: Indian Renewable Energy Development Agency’s (IREDA) Director (Finance) Bijay Kumar Mohanty, who is also holding the additional charge as Director (Projects), has been given a tenure extension on his addition charge.
The Ministry of New & Renewable Energy (MNRE) has conveyed the approval of the 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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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...
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...
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.
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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...
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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.
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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...
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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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Abhijit Majumdar Has Been Selected For Director (Finance), Oil India Ltd.
The Public Enterprises Selection Board (PESB) held interviews for the selection of Director (Finance), Oil India Limited. The PESB has recommended the name of Abhijit Majumdar for the post of Director (Finance), Oil India Limited. He is currently serving as Chief General Manager (F&A – Accounting Policy), Oil India more...
Satish Kumar Given Additional Charge, Takes Over As IOC Chairman
 V Satish Kumar has taken over as the chairman of the Indian Oil Corporation (IOC). Kumar, who is director (marketing) at IOC, was given additional charge of chairman following delays in finding a more...
Narang Appointed Interim CMD Of HPCL
 The petroleum ministry has appointed Rajneesh Narang, Director (Finance), HPCL as the chairman and managing director of the company for three-month period starting September 1. He would 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.
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India Needs To Reboot Its Crude Oil Sourcing Strategy
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The Fault In Our Ethanol Fuel Blends
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Need To Break Out Of The History Of Dud Wells
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LNG Imports: India Needs To Get Its Act Together
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Totalenergies To Invest In A New Solar Portfolio Of Over 1 GW
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GAIL, Petron Ink MoU To Explore Setting Up Of A Bio-Ethylene Plant In India
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Welspun Corp Approves US$ 100 Million Investment In USA
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ONGC Videsh To Finalise Stake Acquisition In ACG Oil Field In 2 Months
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Amazing Growth In LPG Coverage
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Domestic Natural Gas Scene in July 2024
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Fall & Rise In Domestic Natural Gas Production
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India’s Increasing Gas Import Dependency
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How Much Natural Gas Did India Consume During April-June 2024?
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What Precisely Is Wrong With Fixing Of Natural Gas Production Targets?
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Highest Ever Natural Gas Consumption In May 2024
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India Still Wrestling With shale Gas & Oil Development Without Much Success
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Domestic Natural Gas Scene In May 2024
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Increasing Share Of RLNG In India’s Natural Gas Consumption
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HPCL Emerging As A Major Force In Refinery Sector With Rajasthan Refinery
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Highlights Of BPCL’s Strategic Framework For Growth Upto FY ‘24-FY ‘29
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Indian Oil Corporation’s Oil & Gas Production Refuses To Go up
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Rising LPG Import Locations And Total LPG Tankage In India
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Virtual Stagnation In India’s Domestic and Overseas Oil and Gas Production
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The Plight of Subsidised Kerosene In India
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World Oil Demand Growth For 2024, 2025 Marginally Revised Down
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Indian Crude Basket Price Down In August
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Jet Fuel Production Double The Consumption Level, LPG Consumption Double The Production
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Export of Petroleum Products Down In July, Import Up
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Analysis Of Crude Oil Processed by Indian Refineries In July 2024
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India’s Crude Imports Up From Middle East, Russia’s Share Close To 42%
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Analysis Of Petroleum Products Consumption Trend During Current FY 2024-25
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PSU Oil Cos Not In A Hurry To exhaust Approved Capital Expenditure
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Shrinking Domestic Share in Petroleum Products Consumption
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India’s Petroleum Products Consumption In July 2024
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