Policy
MoPNG For New Strategy To Attract Foreign E&P Companies
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India Prefers Producing Assets Overseas To Exploration Blocks
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Russian Geologists Can Guide India To New Oil & Gas Discoveries
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Uncertain Future For Petrol And Diesel Vehicles
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Undoing ONGC- HPCL Merger Without Loss Of Face
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Regulation
Indian Refineriesí Changing Complexity Index
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Drop In LPG Consumption Surprises Petroleum Industry Watchers
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Indian PSUs Unlucky With Heavy Oil Sources
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Status Of Shale Gas And Oil Development In India
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Alternative Energy / Fuel
OIL Invites Bidders For 100 MW Of Solar Projects
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Total, EDF Renewables To Launch 700 MW Solar Power Projects In India
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New Projects
Shelf Drilling Awarded Two New Contracts
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IOCL Lays 3.1 Km-Long Petroleum Pipeline Beneath The Godavari
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Market Watch
PLL-IGL-GSPC To Set-Up LNG Pumps On Delhi-Mumbai Highway
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Companies
Shelf Drilling Ltd
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MRPL Q1 Loss At ₹5 Billion
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Gulf Oil India PAT Grows 21.4%
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MyPetrolPump Raises $1.6 Mn In Seed Round
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Press Release [FREE Access]
Latest Exclusives

August 22, 2019: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) oil prices. It is used as an indicator of the price of crude imports by India. India imports about 84 per cent of its crude requirement. Click column Special Database for price of crude in Indian basket since Fiscal 2002-03.


August 21, 2019: Despite production cut by OPEC members and sanctions against Iran and Venezuela, global oil demand remains sluggish indicating slow down in major economies. The overall picture looks dismal. Click column Special Database for details.


August 20, 2019: Rig count represents the total number of active drilling rigs. While rig count globally increased marginally in June 2019, it remained more or less the same in India. Click column Special Database for details.

August 12, 2019 | ONGC-HPCL: A Marriage On The Rocks?: The ONGC-HPCL merger is not considered a prestige issue by the Modi government. Neither Prime Minister Narendra Modi nor Petroleum Minister Dharmendra Pradhan showed any special interest in the merger. But it is now abundantly clear that both ONGC and HPCL are extremely unhappy with the merger. Being public sector undertakings, the managements of these companies cannot be protesting against it. A sensible option before the government, therefore, is to demerge it. Mr Pradhan is a heavy weight in the cabinet and any sensible proposal from him to demerge it is unlikely to be resisted by either finance minister Nirmala Seetharaman or Prime Minister Narendra Modi. www.indianoilandgas.com talked to quite a few acknowledged petroleum and energy experts on the subject. Their views are recorded in the Free Access column Petro Intelligence. Click it for details.

Today's News [FREE Access]
Mukesh Ambaniís $4-billion bet hurt by global glut in natural gas
August 22, 2019: A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd. aimed at boosting profits at the world’s largest oil refining complex. The project made all the sense in the world when energy magnate Mukesh Ambani’s conglomerate announced it in 2012:   more..


Sumitomo Chemical Signs Technology License Agreement for Propylene Oxide with BPCL
August 22, 2019: Sumitomo Chemical (“the Company”) has signed an agreement with Bharat Petroleum Corporation Limited (BPCL) of India for licensing its propylene oxide (PO) production technology in connection with the petrochemical project which BPCL is conducting. BPCL is one of the leading government-owned oil   more..


Indiaís natural gas production rises 0.2% in July 2019
August 22, 2019: India's natural gas production rose 0.2% to 2.72 billion cubic meters (bcm) in July 2019 over a year ago. Natural gas output of ONGC declines 1.1% to 2.02 bcm, while that of Oil India moved up 2.1% to 0.24 bcm. Further, the natural gas production of private and JV companies increased 4.9% to 0.46 bcm in   more..


ONGC sells 3rd Oct-loading Sokol crude cargo at steady premium
August 22, 2019: Indian oil explorer ONGC Videsh has sold a cargo of Russian Sokol crude at a premium of about $5.75 a barrel to Dubai quotes via a tender, two trade sources told Reuters on Wednesday Oil major Chevron is believed to be the buyer of the 700,000-barrel cargo, the sources said, declining to be   more..


IndianOilís smart terminal for petro products in Una soon
August 22, 2019: Soon, Himachal Pradesh’s entire requirement of petroleum products would be met in the state itself, as Indian Oil Corporation will commission a smart POL (petroleum, oils, and lubricants) terminal at Una having storage capacity of 85,800 kilolitres. Currently, the state’s requirement is catered to   more..


IndianOil, HPCL And BPCL To Shuffle Cooking Gas Consumers
August 22, 2019: IndianOil, Bharat Petroleum and Hindustan Petroleum will soon shuffle millions of cooking gas consumers between their agencies to expand the customer base for newly-appointed distributors and help make their business viable. The three state-run oil companies, which mainly distribute cooking gas in the   more..


Investments into oil and gas blocks eligible for depreciation: CBDT
August 22, 2019: Investors are eligible for claiming depreciation on the amount spent on buying oil and gas blocks after adjusting for the cost of tangible assets, the government has said in a circular issued to clarify the treatment of investments into India’s energy assets. The circular signed on Monday by the Central   more..


Petrol, diesel prices remain stagnant on Wednesday
August 22, 2019: State-run oil marketing companies on Wednesday (August 21) refrained from changing the retail prices of petrol and diesel across the country. In national capital Delhi, a litre of petrol today costs Rs 71.84 per litre while diesel costs Rs 65.11 a litre, no change compared with Tuesday’s rice, according   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. (Retd) S.C. N.Jatar* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
May 28, 2018: 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 more...

IOC steps into Oman with acquisition
April 9, 2018: 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
February 28, 2018: 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 more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
February 16, 2018: 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 more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
January 31, 2018: 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 more...

Iran Announces Deals With Countries, No mention Of India
January 29, 2018: 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 more...

ONGCís Search For Producing Assets
January 17, 2018: 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 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...

Special Reports
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...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
The Baroda-based, Centre For Fuel Studies & Research (CFSR), finds that the 5000 MW Solar PV project announced by the government of Gujarat has certain basic flaws. It has, in a comprehensive letter, urged the state Chief Minister to review the project.   more...

Vedantaís Various Projects Under Implementation in the Rajasthan Field
Anil Agarwal-led Vedanta through its E&P wing, Cairn India, is the operator of India's largest onshore field in the Barmer district of Rajasthan. Vedanta has undertaken further development of the field. more...

Replacing Fossil Fuel in Transport Sector Ė A huge challenge
The Vadodara-based, Centre for Fuel Studies and Research (CFSR), periodically brings out useful reports on various aspects of India's energy scene. Its latest report is on Replacing Fossil Fuel in Transport Sector-A Huge Challenge. Click HERE for details. more...

Status of Ethanol Blending with Petrol Program.
Ethanol Blended Petrol Programme: The Government through Oil Marketing Companies (OMCs), is implementing Ethanol Blended Petrol (EBP) Programme under which, OMCs sell ethanol blended petrol with percentage of ethanol up to 10%. In order to augment the supply of ethanol, the Government in December, 2014 more...

Status of Equity Oil and Gas Overseas
In order to supplement domestic availability of crude oil & natural gas, the Government has been encouraging acquisition of assets abroad. Our oil and gas companies are present in 27 countries with investments of nearly US$ 33 billion. ONGC Videsh Limited (OVL), which is wholly owned subsidiary and overseas 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
Rajesh Kumar Srivastava Takes Charge As ONGC Director (Exploration)
Rajesh Kumar SrivastavaRajesh Kumar Srivastava took charge as the new Director (Exploration) of energy major Oil and Natural Gas Corporation (ONGC) Limited on 2 August 2019. With over 35 years of experience, more...

Karnatka Appointed Interim CMD Of GAIL
Dr. Ashutosh KarnatakDr. Ashutosh Karnatka, Director (Projects) has assumed charge as interim Chairman & Managing Director of GAIL on August 1, 2019. He will also concurrently serve as Director (Projects). more...

Harish Madhav Is New Director-Finance Of Oil India Ltd
Harish MadhavHarish Madhav has taken over as Director-Finance on the board of Oil India with effect from 2 August. He succeeds Rupshikha Saikia Borah who superannuated in February. Madhav was earlier Executive more...

S K Gupta Appointed Executive Director At IndianOil
S.K. GuptaThe government has appointed Sandeep Kumar Gupta to the post of Director (Finance) at IOC. Sandeep Kumar Gupta has more than 3 decades of experience in Finance function in IndianOil. He has worked at Refinery more...

Raghuraj Rajendran Appointed Private Secretary To Petroleum Minister
Raghuraj RajendraRaghuraj Rajendran has been appointed private secretary to Dharmendra PRADHAN, Minister for petroleum and Natural Gas and Steel. He will have the rank of Director. He belongs to the 2004 IAS 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.

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Petro Intelligence [FREE Access]
ONGC-HPCL: A Marriage On The Rocks?
more...

Brakes On One Merger; Now Break The Grand Plan
more...

Modi Govt Gets Ready To Step On The Gas
more...

Shift Threat Quells Protest Against Aramcoís Giant Refiner
more...

Foreign Investment
BP, Reliance JV To Set Up 5,500 Petrol Pumps
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Total Picks Up 50 Per Cent Stake In Dhamra LNG Terminal
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Petronas Not Interested In Stake In Bina Refinery
more...

Overseas Investment
SBI Seeks Bids For Videoconís Overseas Oil, Gas Assets
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Gas Scene
Trends in Natural Gas Price: Global and Domestic (June 2019)
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Sector-wise Demand And Comsumption Of Natural Gas
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Domestic Natural Gas Scene In June 2019
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenarioís For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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Coal Bed Methane (CBM) gas development in India
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LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: Indiaís CGD gas consumption projected to grow by 10%
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Global LNG Fleet
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Increasing Dependence of Imported RLNG
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Russian Company Gazpromís Average Gas Production Cost
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Natural Gas Price: Global / India
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Indiaís Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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CFSR Study Report - Seamless Development of Gas Value Chain
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
FOB Price of Indian Basket of Crude Oil
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Oil Demand Remains Sluggish
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Indian Rig Count vs. Indian Basket Crude Price - June 2019
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Indian Basket Crude oil price In July 2019
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Consumption Growth Of Petroleum Products
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Specific Energy Consumption (MBN Number) Of PSU Refineries
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Need to Tweak Renewable Energy Strategy
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An Update of Crude Oil Imports: Volume & Value
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Profit After Tax (PAT) of Indian oil companies
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Indian Refineries: Fuel & Loss in FY 2018-19
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Percentage share of High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Automobile Sales Continued In Reverse Gear In June 2019
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India Imports More Petroleum Products In June 2019
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Crude Oil Import Drops In June , Sharp Fall In OPEC Share
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Power deficit: Region-wise position for June 2019
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Status of blocks under OALP and DSF rounds (as on 1st April, 2019)
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Distillate Yield of PSU Refineries
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Strategic Importance of Strait Of Hormuz For Asian Crude oil Importers
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Basin-wise PEL & PML under Nomination Regime as on 1st December, 2018
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Indian Rig Count vs. Indian Basket Crude Price
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Shrinking NELP Blocks Under Operation
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Indian crude oil basket price in June 2019 (in $ per bbl)
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Major highlights of ONGC Videsh
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Cash Compensation by Govt. on LPG under DBTL (Rs/ 14.2 kg Cylinder)
more...


Planned Refinery Capacity Expansion
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Tenders [FREE Access]
ONGC
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