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India Will Navigate The Oil Market Amidst Rising Tensions In The Middle East
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Hindenburg-Hit Adani Group Bounces Back Stronger
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Petrol Up 117%, Diesel Up 31% : Changing Consumption Trends In India In The Last 10 Years
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Oil India To Go ‘Beyond Limits’ To Boost Production
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Indian Refineries’ Highest Ever Crude Processing In FY ‘24
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GAIL, HPCL Creating Fresh Capacity: India Seems Heading For A Glut In LNG Regasification Capacity
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A Seemingly Irreverent Combination: IndianOil, Panasonic To Form JV To Make EV Batteries
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Reactivating Idling Gas-Based Power Plants
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Sanctions Against Russia Triggered Default: GAIL’s Demand For Compensation Contested By SEFE
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Solar Is The Prime Focus In Alternate Energy
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Petregaz India Commissions LPG Import & Storage Terminal At Krishnapatnam
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ONGC Awards Contracts For Flagship Block In The Krishna Godavari Basin
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India’s Import Dependence On Crude Rises
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Pratham EPC Projects Ltd
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Gujarat Gas, IndianOil Ink MoU To Broaden Services
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SHM Shipcare & ONGC Introduce India’s First Fast Crew Boat Vessel
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Man Industries Obtains Shell Global Nod For Steel Pipeline Coating
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April 25, 2024 | Crude Imports: The High Stakes In A Game Of Russian Roulette | Is there a possibility that Russian crude will disappear from the Indian market once the war in Ukraine ends? This looks inevitable since the discount on Russian crude will almost certainly disappear. Without the discount, Indian refiners will no longer find it attractive to eye this source of crude oil. The Americans will be mighty pleased if the torrent of Russian crude to India turns into a mere dribble. The US was never happy to see India buy cheap Russian crude but did not articulate their displeasure beyond a few murmurs. But the very same US Administration knows that China is the biggest beneficiary of Russian crude oil. President Putin knows that India is a dependable market for Russia which can consume a significant portion of Russia's gas and oil. He also knows that a customer like India cannot afford Russian crude unless it can offer an attractive price. Click Free Access Column Petro Intelligence to read a brilliant piece.
Column Policy discusses five subjects:
• India Will Navigate The Oil Market Amidst Rising Tensions In The Middle East
• Hindenburg-Hit Adani Group Bounces Back Stronger
• Changing Consumption Trends In India In The Last 10 Years
• Oil India To Go 'Beyond Limits' To Boost Production
• Indian Refineries' Highest Ever Crude Processing In FY ‘24
Column Regulation deals with four subjects. There are exclusive reports in almost all columns.
April 24, 2024: We report every month item-wise consumption of petroleum products. India’s FY '24(2023-24) ended on March 31. Now uploading consumption trend for the entire FY '24. Click column Special Database for details.
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Dastur Energy spearheads carbon capture deployment across India
April 25, 2024: Dastur Energy Pvt Ltd, a prominent figure in the clean energy sector, is making significant advancements in deploying carbon capture technology across India. This technology, known as Carbon Capture, Utilisation, and Storage (CCUS), is designed to capture and effectively utilise the high concentrations of more..
IOCL extends bid submission dates for first green hydrogen plant to May 7
April 25, 2024: Indian Oil Corporation has extended by another two weeks the deadline for the submission of bids for the state-owned oil marketing company's first green hydrogen plant to be built in Panipat, a company official has told Moneycontrol.
The bidding process began on April 15 and the bids were to more..
Expect capex for EV components to cross Rs 250 billion in next 3-4 years: ICRA
April 25, 2024: The auto component industry is expected to invest over Rs 250 billion in the next 3-4 years to expand production of electric vehicle parts, rating agency ICRA said on Tuesday.
EV penetration in the country has reached 4.7 percent in FY2024, with much of it driven by the electric two-wheeler more..
Indian Gas Exchange Launches Small-Scale LNG Contracts
April 25, 2024: The Indian Gas Exchange (IGX) having received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) launched contracts of Small-Scale Liquefied Natural Gas (ssLNG) on its platform. This move marks a significant step towards addressing the demand of natural gas in areas that are not connected to more..
India to simultaneously grow hydrogen market and solar power
April 25, 2024: While both green hydrogen and solar energy contribute to renewable power, they also necessitate effective energy storage solutions. Battery storage systems, often associated with solar power, play a critical role in storing excess energy generated during sunny days for later use.
A new report more..
BPCL CMD reviewed ongoing activities at Onshore 1 block in Abu Dhabi
April 25, 2024: Shri G Krishnakumar, Chairman & Managing Director of Bharat Petroleum Corporation Limited (BPCL), accompanied by Shri V R K Gupta, Director (Finance) and Barnali Tokhi, Managing Director, BPRL, visited the Onshore 1 block in Abu Dhabi.
This block, operated by Urja Bharat Pte Ltd, a joint more..
Korea’s LTech UVC and India’s ACME Group sign $3 billion green energy joint venture
April 25, 2024: LTech UVC South Korean Company, a global producer of green energy resources based on green hydrogen ammonia, is entering India with the support of the South Korean government
LTech UVC signed a business agreement in Dubai, with Indian energy conglomerate ACME Group to jointly pursue a $3 billion more..
Juniper Green Energy, Tata Power sign PPA for 85 MW hybrid project in Maharashtra
April 25, 2024: Juniper Green Energy on Tuesday said it has signed an agreement with Tata Power for the development of an 85-megawatt hybrid power project in Maharashtra.
"The project is the first wind-solar energy project for the company. It will utilize both wind and solar resources by 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.
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.
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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...
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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CPCL’s Arvind Kumar Set To Be Next Director (Refineries) Of IndianOil
Arvind Kumar is set to be next Director (Refineries) of Indian Oil Corporation Limited (IOCL). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel. Presently, he is serving as Managing Director Managing Director (MD) & CEO of Chennai Petroleum Corporation Limited (CPCL). As Director 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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Crude Imports: The High Stakes In A Game Of Russian Roulette
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Sweet Factor Blunts Appeal Of US Crudes
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Greatest Uncertainty Faced By The International Oil Industry
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Calling The Bluff On India Busting Russian Sanctions
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Sumitomo To Enter City Gas Business In India
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Sanctions Against Venezuela Hit ONGC Videsh
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Domestic Natural Gas Scene in FY 2023-24
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Sectoral Consumption of Natural Gas (Qty in MMSCM) in February 2024
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Domestic Natural Gas Scene Presents A Bright Picture In February 2024
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Sector-wise Consumption Of Natural Gas
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Higher LNG Imports Elevate Natural Gas Consumption Level in January 2024
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Near Total LPG Penetration Achieved
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India’s Fluctuating Gas Import Dependency
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Gas Transportation Major GAIL’s Physical Performance
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Growing CGD Sales In India
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Domestic Natural Gas Scene In December: Targets Elude, Production, Consumption More
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India’s LNG Import: Import Quantity Shrinks As Prices Go Up
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India’s LNG Import Picks Up As Market Prices Fall
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Sectoral Consumption Of Natural Gas
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Production Targets Confuse Domestic Natural Gas Scene In November
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Shale Gas & Oil Eluding India
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Domestic Natural Gas Scene in October 2023
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Petroleum Products Consumption Trend In FY ’24
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Shrinking Domestic Share In Petroleum Products Consumed
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Impressive Growth In Petroleum Products Consumption in FY 24
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Actual Capital expenditure of PSU oil companies In FY 2023-24
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India’s Crude Oil Import Marginally Down In FY 2023-24?
more...
How Does BPCL’s Marketing Operations And Efficiencies Compare With Other OMCs’?
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OVL’s global footprints, operations and contribution
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Indian Crude Basket Price In March 2024
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HPCL’s Expansion In Refining And Marketing Infrastructure
more...
IOC’s Huge Expansion Projects
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Power Shortage Continues In Many Regions, Promotes Diesel Sales
more...
Analysis Of Petroleum Products Consumption Trend During FY 2023-24
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BPCL’s Widening Global Upstream Footprints
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Impressive Auto Sector Growth Pushes Up Petrol Consumption In February 2024
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Petroleum Products Consumption Grows 5.7 % In February 2024
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