OPEC To Regain Indian Market Share With Fresh US Sanctions Against Russia, Venezuela more...
New Sanctions Threaten Russian Oil Sales To India more...
Oil India Seeks Foreign Partners To Realise Its Ambitions more...
Despite The “First Oil”: Deepwater Exploration Remains A Disappointing Experience For ONGC more...
India’s LPG Import Dependency Set To Deepen In Coming Years more...
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Regulator Acts To Ensure Jet Fuel Is Supplied In Airports Only Through Pipelines more...
India’s Policy Strategies Prevent Wild Fluctuations In Natural Gas Prices more...
Can A Reduced GST Rate Promote Sales Of Auto LPG Vehicles? more...
Jet Fuel Consumption Surges To Pre-Pandemic Level more...
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India’s Expanding Wind Energy Capacity more...
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Narendra Modi Inaugurates IOC’s Haldia-Barauni Crude Oil Pipeline more...
IndianOil’s MEG Project Inaugurated more...
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201 CNG Stations Across 17 States Opened more...
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Westfield Energy Resources Limited more...
Servotech Secures Order Worth Rs 1.1 Billion From Indian Oil Corporation more...
India’s KPIL Secures EPC Contract From Saudi Aramco more...
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March 18, 2024: India’s second biggest state-owned upstream company, Oil India Ltd, has investment in 10 projects across 7 countries with a total acreage of 44,300 sq.km. Of the three major overseas projects, two are in Russia and one in Mozambique. Click column Special Database for their details.
March 15, 2024: The Mumbai-based, Bharat Petroleum Corporation Ltd (BPCL), is India’s 2nd largest Oil Marketing Company (OMC) and the 3rd largest in terms of Refining Capacity. The company has finalised its strategic aspirations for the next five years. Click column Special Database for details.
March 11, 2024 | Calling the bluff on India busting Russian sanctions: India’s reputation has been badly tarred in the West ever since the outbreak of the Ukraine crisis. It has been slammed for apparently working its way around Western sanctions by buying Russian crude, processing it into petroleum products at its refineries, and selling them to Europe. The accusation is that this insidious arrangement has provided fodder to the Russian war machine and frustrated the flailing Western efforts to yank President Vladimir Putin’s jackboot off Ukrainian throats. The Indian media has swallowed this argument – hook, line and sinker. Throughout 2023 and the first two months of 2024, there have been multiple reports that the Western sanctions against Russia had failed because of India’s shenanigans. A look at just a few reports carried by respectable Indian newspapers and news agencies will reveal just how vociferously they have endorsed this outrageous claim. What could be the motivation behind these reports? Click Free Access column Petro Intelligence for details.
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India’s oil imports to be disrupted as US-Venezuela tensions escalate
March 18, 2024: Indian imports of cheap Venezuelan oil, the country’s fifth-biggest crude supplier in 2019, may face disruptions from April as the US and the South American country are embroiled in a dispute over renewing a six-month permission for crude exports. Uncertainty over Venezuelan supplies for Indian refiners more..
Here is how much Indians are paying for petrol and diesel now post the Rs 2 cut last week
March 18, 2024: Petrol and diesel prices are the costliest in Andhra Pradesh, Telangana and Kerala while it is cheapest in Andaman & Nicobar Islands, Delhi and those in the North East, owing to local sales tax or VAT rates, oil industry data showed.
Indian Oil Corporation (IOC), Bharat Petroleum more..
Union Minister Launches Indian Oil’s ETHANOL 100 Automotive Fuel”
Marxh 18, 2024: Hardeep Singh Puri, Union Minister for Petroleum & Natural Gas and Housing and Urban Affairs, launched ‘ETHANOL 100, a revolutionary automotive fuel at Indian Oil Retail Outlet M/s. Irwin Road Service Station, New Delhi today. Customers can avail ETHANOL 100 at select 183 retail outlets of Indian Oil more..
Maharatna PSU To Turn Ex-Dividend For Rs 8.50/Share On Monday: Buy/Sell Or Hold?
March 18, 2024: The shares of Maharatna PSU company Oil India are likely to be in focus this week as the stock is going to trade ex-dividend for Rs 8.50 per share on Monday. The record date, established by the corporation, is March 18, 2024; as a result of the T+1 settlement method, the ex-date also falls on this day. more..
US probing Adani Group and founder over potential bribery
March 18, 2024: The United States has widened its investigation of India's Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday.
Prosecutors are digging into whether an Adani entity or people linked to the more..
No delay over IOC-Mercator petroleum deal: DIPAM
March 18, 2024: The Department of Investment and Public Asset Management (DIPAM) has clarified that its approval was not sought for Indian Oil Corp's acquisition of Mercator Petroleum Ltd through the insolvency process and that there was no delay on its part that affected closing of the transaction
more..
Small cut in fuel price a big hit to OMC revenue: Analysts
March 18, 2024: The price cut of Rs 2 per litre for petrol and diesel by the state-run oil marketing companies (OMCs)--Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL)--will erode their revenue and ebitda, according to analysts.
The government had announced the price more..
Kerosene consumption falls sharply by 26 per cent CAGR during FY14-23: Govt data
March 18, 2024: Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy.
The latest 'Energy Statistics India 2024' of the National Statistical Office (NSO) stated, "The impact of energy 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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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.
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...
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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...
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...
Future of India’s transport story is renewable biogas
by Vinod Paremal | Biogas extracted from waste/bio-mass help India cut its dependency to import oil for meeting its needs.
Petrol and diesel 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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Mundkur S Kamath Assumes Charge As MD of MRPL
Mundkur S Kamath has assumed charge as Managing Director (MD) of Mangalore Refinery and Petrochemicals Limited (MRPL). Prior to this, he was serving as Executive Director (Refinery) in the same more...
Lubrizol Names Bindra As MD of IMEA Region
Speciality chemicals major Lubrizol has named Bhavana Bindra as MD for India, Middle East & Africa (IMEA) Region. She will be responsible for leading the company’s IMEA team to deliver more...
Ravindra Kumar Assumes Charge As Director (Operations) Of NTPC
Ravindra Kumar has taken over charge as Director (Operations) of NTPC. He has been appointed to the post till the date of his superannuation i.e. October 31, 2027, or until further orders, whichever more...
Guwahati Refinery Appoints P K Basumatary As New Head
Pradip Kumar Basumatary has taken charge as the Chief General Manager and Refinery Head of Guwahati Refinery, owned by Indian Oil Corporation (IOC), following the superannuation of G K Goyari. Prior to the new role, Basumatary was the Chief General Manager (Technical) at the Guwahati Refinery. Basumatary, a mechanical 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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Calling The Bluff On India Busting Russian Sanctions more...
MRPL: Asserting Its Bragging Rights more...
Halving Of OMCs Budget And Unchanging Petrol And Diesel Prices: Are They Connected? more...
Buy Assets In US And Swap Crude With Europe more...
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BluPine Energy Acquires 369 MW Solar Power Assets From Acme Group more...
Malaysian Joint Venture Owned FPSO Extracts First Oil From ONGC’s KG Block more...
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Bangladesh To Launch Offshore Oil And Gas Bidding Round more...
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Sector-wise Consumption Of Natural Gas more...
Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024 more...
Near Total LPG Penetration Achieved more...
India’s Fluctuating Gas Import Dependency more...
Gas Transportation Major GAIL’s Physical Performance more...
Growing CGD Sales In India more...
Domestic Natural Gas Scene In December: Targets Elude, Production, Consumption More more...
India’s LNG Import: Import Quantity Shrinks As Prices Go Up more...
India’s LNG Import Picks Up As Market Prices Fall more...
Sectoral Consumption Of Natural Gas more...
Production Targets Confuse Domestic Natural Gas Scene In November more...
Shale Gas & Oil Eluding India more...
Domestic Natural Gas Scene in October 2023 more...
Natural Gas Price Trends: Global And Domestic more...
Sectoral Consumption Of Natural Gas In September 2023 more...
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Oil India’s 3 Major Overseas Projects more...
BPCL Finalises Strategic Aspirations For The Next Five Years more...
Refining Margins In Global Hubs Show Mixed Trends more...
Global Oil Demand Growth Forecast For 2024 Remains Unchanged more...
Indian Crude Basket Prices In February 2024 more...
Petro chemical Sector Ensures Stability In Naphtha Demand Growth more...
Banned Pet Coke In Great Demand in India more...
India’s Ambitious Ethanol Blending With Petrol Program. New Confidence Visible more...
When Will Kerosene Be Out of Indian Households? more...
What Has Been The Consumption Trend of Petroleum Products During Current FY? more...
Region wise Power Supplied vs requirement for January 2024 more...
Impressive Growth In Petroleum Products Consumption more...
Exports, Imports Of Petroleum Products In January Maintain The Normal Growth Pattern more...
Analysis of crude oil processed by Indian Refineries in January 2024 more...
Russia Retains 37% Share In India’s crude imports, OPEC Share Down Further more...
Indian Crude Basket Prices In January 2024 more...
Consumption Growth In Diesel, Petrol, Jet Fuel, LPG more...
Fuel & Loss In Indian Refineries more...
ONGC’s Widening Collaboration With International Companies more...
Oil India’s Expanding Domestic Assets more...
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