Policy
Imported LNG Not Viable For Most Sectors In India
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Indian Refineries Feel The Heat Of Trumpian Policies
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Norway Pension Fundís Decision To Hit Indian Cos
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Adaptive Reforms in Exploration And Licensing Policy
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Retail Prices of Petrol, Diesel Unlikely To Cross The Limit
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Regulation
Schlumbergerís Disturbing Queries May Derail Geleki Project
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No Immediate Plan For OVL To Enter Canadian Oil Sands
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ONGC Videsh In A Fix Over Offshore Block in Vietnam
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Natural Gasí Foray Makes Naphthaís Survival Difficult
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Alternative Energy / Fuel
Ethanol To Reduce Import Bill By 120 Billion
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New Projects
L&T Hydrocarbon Engineering Wins Order From ONGC
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Confidence Petroleum Commissions Eight LPG Dispensing Stations
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Market Watch
LPG Connections Have Almost Doubled In Five Years
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Companies
Maharashtra Natural Gas Limited
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Chart And Indian Oil Corp. Sign LNG MoU
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GAIL To Equip Its Gas Turbines With Siemens Remote Diagnostic Services
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Lubrizol Engineered Polymers Signs Agreement With ICT
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Vikas Proppant & Granite Updates On Proppants Business
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Press Release [FREE Access]
Latest Exclusives

March 26, 2019: Crude Oil Imports Down In February 2019, OPEC Share Drops. Click column Special Database for details. 


March 25, 2019 | ONGC Resists Niti Aayog, Regains Its Mojo: Sometimes, a remedy can be worse than the disease. Niti Aayog, the policy think tank of the Modi government, in its prescription to enhance domestic crude oil production, wanted to “transfer” western offshore oil and gas fields including Bombay High to private and foreign companies. The move was abandoned after it met with stiff resistance not only from ONGC but also from a few ministers. Who is responsible for ONGC’s present plight? Is ONGC really guilty or is it more sinned against than sinning? Click Free Access column Petro Intelligence for the real story behind the decline and fall of India’s upstream major.

There is an impression among quite a few energy pundits that being a large market India can absorb any quantity of LNG and the only constraint is the lack of regasification terminals. The truth is that Indian market is highly price sensitive and many of the sectors cannot afford LNG; President Donald Trump’s policies have begun to hit the Indian refineries despite the waiver granted to it from sanctions against Iran; Norway Pension Funds’ decision to divest from oil and gas companies cannot have a major impact on India’s oil and gas sector as its investment is limited to three companies which can do without its funds ; the Modi government has initiated several reforms in exploration and licensing areas; on present reckoning, retail prices of petrol and diesel are set to rise but no spurt or surge as such to adversely affect the fortunes of the ruling party in the election scheduled for April-May. These are the five subjects discussed in column Policy.

The deviations sought by Schlumberger for the Geleki field in Assam are of a serious nature which can delay a final decision; in the changed situation, entry into Canadian oil sands is not a priority for ONGC Videsh; the basic problem with OVL’s Vietnam block is its poor prospectivity; with increasing import of LNG through new terminals, naphtha the finds the going tough. These are the four subjects in column Regulation.

Today's News [FREE Access]
Indian Oil Corporation-Bharat PetroResources Ltd wins oil block in Abu Dhabi
March 26, 2019: State-owned Indian Oil Corporation (IOC) on March 25 said it along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest $170 million. IOC-BPRL won the block in Abu Dhabi's first-ever competitive bid round. "IOC and BPRL, a   more..


Sri Lanka starts work on $4 billion refinery
March 26, 2019: Sri Lanka began construction on Sunday of a nearly $4 billion oil refinery it hopes will revive foreign interest in its shipping facilities after Beijing’s takeover of a nearby port spooked international investors. Prime Minister Ranil Wickremesinghe said Hambantota, a district in Sri Lanka’s south   more..


$430mln worth petroleum coke plant coming up in Oman
March 26, 2019: A meeting between Omani company Salmeen Industrial Projects LLC (SIP) and its joint venture partner UK-based BSW Group Holdings was held last week in Sohar. The parties agreed on the development of a petroleum coke calcining plant to be funded by BSW Group Holdings, according to a press release. Tawfiq Ali   more..


Delhi to get 131 EV charging stations in 3 months
March 26, 2019: India’s capital Delhi will soon get 131 public charging stations for electric vehicles, providing people with easy access to recharging facilities. Significantly, the locations of these charging stations have been decided so as to cater to the charging needs of electric vehicles coming from adjoining   more..


Indian Light Duty Vehicles have the best fuel economy among emerging nations: IEA report
March 26, 2019: An analysis of fuel economy of Light Duty Vehicles (LDVs) across all major car markets in the world has shown Indian LDVs to be the most fuel economic – consuming the least amount of fuel per kilometer – apart from Italy, France, and Turkey. When compared with all the emerging economies, India is   more..


Opinion: LNG supply glut, price slump should raise questions over future projects
March 26, 2019: The slump in the spot price of liquefied natural gas (LNG) in Asia to its lowest in three years should give pause for thought to the slew of companies planning new ventures to produce the super-chilled fuel. But it probably won't. The spot price for LNG delivered to Northeast Asia dropped to $4.65 per   more..


Saudi beats Russia to top spot among China crude oil suppliers in Feb
March 26, 2019: Saudi Arabia was China's biggest crude oil supplier in February, data from the general administration of Chinese customs showed on Monday, reclaiming the crown from Russia after ranking no. 2 in January. After having been China's second-biggest crude supplier for three straight years on an annual   more..


Petrol prices remain unchanged, diesel prices drop on Monday.
March 26, 2019: State-run oil marketing companies on Monday (March 25) kept prices of petrol stagnant, while diesel prices fell by 11-12 paise across four major cities in the country. In Delhi, petrol price is stable at Rs 72.86 and diesel is priced at Rs 66.49 a litre as compared with Rs 66.60 a litre on Sunday, as per data   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is more than 4000 years old when it 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
Sushmita Dasgupta: Government Director of IOC
Sushmita SenguptaMs Sushmita Dasgupta has been appointed as Government Director on the Board of Indian Oil Corporation Limited with effect from March 20, 2019. Sushmita Dasgupta is presently working as Senior more...

Reddy Appointed Director In Oil India Ltd
B.N. ReddyB.N. Reddy, OSD- (International Cooperation), Ministry of Petroleum has been appointed as Government Nominee Director on the Board of Oil India Limited with effect from March 13, 2019 for a period of three 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 Resists Niti Aayog, Regains Its Mojo
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The Great Indian Rip-off
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US Sanctions Cast A Cloud On Chennai Petroleumís Expansion Plans
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War Of Words On Wisdom Of Subsidizing Refinery Exports
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Foreign Investment
Brookfield To Buy RILís East West Pipeline
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Overseas Investment
Indian-Omani Group To Build Sri Lanka Oil Refinery
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Gas Scene
Advantage of strong Regulatory Environment for CGD Industry
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Domestic, Global Natural Gas Price Trends
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Market Natural Gas and CGD: Attractive Industry
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Adani Gas: Infrastructure Development to Propel Gas Demand India
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Update: Coal Bed Methane (CBM) Gas Development In India
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Domestic Gas Scene in January 2019
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LPG Business Continues Its Robust Saga
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Capacity Utilization of Gas Pipelines
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Update: PNG Connections
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LNG Import Projection By Industry Group
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Status Of Gas Pipelines Under Construction
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Trends In Domestic Natural Gas Price & International Bench Marks
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Capacity Utilization of LNG Regasification Terminals
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Story Of Two LNG Terminals Of Petronet LNG Ltd
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CNG Growth Over The Years & CNG Sales as on 1st April, 2018
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LNG Terminals in India
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CGD Factsheet As Of Sept 2018
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A total picture about Natural Gas scene including CBM in India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Crude Oil Imports Down In February 2019, OPEC Share Drops
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Global Rig Count Vs Crude Prices
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Solar Power Generation Growth Likely To Outweigh Other Sources By 2022
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Area-wise and Total Estimate of Renewable Energy Potential
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Indian Rig Count vs. Indian Basket Crude Price
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Price of Crude in the Indian Basket processed in Indian Refineries up to February 2019
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Domestic Oil & Gas Production vis-ŗ-vis Overseas Production in January 2019
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Petroleum Products Import Declines in January 2019
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Crude Oil Imports Dip In January 2019
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Power Deficit Situation Improves In January 2019
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GRMs Of Indian Refineries During April-December 2018
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Ownership Pattern of Major Oil and Gas Companies
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State-Wise Balance Recoverable Crude Oil Reserves
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Merger & Acquisitions In The Indian Oil And Gas Sector
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Company-wise Length & Capacity of Product and Crude Pipelines in India
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Energy Transition Index for India
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Energy Architecture Performance Index for India
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Estimated Basin-wise Hydrocarbon Resources in India
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Categories of Indian Sedimentary Basins
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Tenders [FREE Access]
Cairn India
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ONGC
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ONGC
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