Policy
Zero Import Duty On LNG Unlikely To Push Up Gas Consumption
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Jet Fuel, Natural Gas Likely Under GST, Other Products To Wait
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Spectre Of Foreign Entry Into Fuel Retailing Unites OMCs
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PM Modi’s 2nd Term Coincides With Fall In Crude Oil Price
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Truth Behind Controversy Over State Of ONGC Finances
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Regulation
Petroleum Products Consumption In India Slows Down
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India Develops Technology For Enhanced Oil Recovery
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DGH Upgrades Two Sedimentary Basins To Category-II
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Electric Vehicle Industry: Miles To Go, Progress Visible
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Alternative Energy / Fuel
HPCL Tenders 1530 KW Grid Connected Solar Capacity In 3 States
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New Projects
Expro Wins HOEC Contract For Mobile Offshore Production Unit
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Oil India Plans 3.5 Bn Rupee Exploratory Drilling Project In Assam
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IOC To Set Up CGD Network In Chas, Jharkhand
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Market Watch
ExxonMobil Launches Mobil DTE™ 20 Ultra Series Lubricants In India
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Companies
Expro
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IndianOil, BPCL, HPCL To Form JV For Kandla-Gorakhpur LPG Pipeline Project
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Sercel Delivers Five 508XT Acquisition Sysems To ONGC
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Press Release [FREE Access]
Latest Exclusives

June 18, 2019: Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues.  Click column Special Database for Indian basket of crude price in May 2019.


June 17, 2019: We had already uploaded in column Special Database, BP's projection of India in Energy Transition as given in its Energy Outlook 2019. BP has also given its projection of Indian Power Sector: Demand & Fuel Mix and Alternative scenarios for gas demand in India. Click column Gas Scene for details.


June 10, 2019 | Adnoc Towers: Vivid Pictures On A Symbol Of Coalescing Interests: A paradigm shift in India’s relations with United Arab Emirates seems to be underway. The two countries always enjoyed very friendly relations, but the speed with which business relations is progress these days indicate a deliberate strategy on the part of the leadership of both the countries. The grand gesture of lighting up the iconic Adnoc Tower in Abu Dhabi with portraits of Indian Prime Minister Narendra Modi and Abu Dhabi ruler Sheikh Mohamed bin Zayed to honour the swearing-in ceremony of the new Modi government is a very strong signal of friendship and solidarity. Narendra Modi has been cultivating UAE ever since he became Prime Minister. The UAE leadership, more particularly, the Crown Prince of Abu Dhabi responded with warmth. In the changed international scenario, India matters a lot for the Middle East. Click Free Access column Petro Intelligence for a comprehensive piece on the subject.

Today's News [FREE Access]
Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal
June 18, 2019: Fitch on Monday lowered India’s growth forecast to 6.6 per cent for the current fiscal from 6.8 per cent projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year. In its latest Global Economic Outlook, the global rating agency retained its GDP growth   more..


Government says UAE assures supply of oil, LPG despite tanker attacks
June 18, 2019: UAE's Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber has assured India of uninterrupted supply of oil and liquefied petroleum gas despite disruptions in the Strait of Hormuz, oil minister Dharmendra Pradhan said on Monday. He said he discussed collaboration between India and the   more..


ONGC sells second Aug-loading Sokol crude cargo at lower premium than first
June 18, 2019: ONGC Videsh has sold a second cargo of Russian Sokol crude loading in August at a lower premium than the previous cargo, two trade sources said on Monday. The producer sold the 700,000-barrel cargo for loading on Aug. 17-23 to Glencore at $4.70-$4.80 a barrel above Dubai quotes, they said, down from a premium   more..


Vedanta is bullish on Indian crude; Reliance still passive
June 18, 2019: The hydrocarbon exploration and production (E&P) in India remains a negligible business in the global landscape, given the output and low investments coming in for finding oil and gas in the country. On March 2016, when the government introduced a new Hydrocarbon Exploration & Licensing Policy (HELP)   more..


Larsen & Toubro Hydrocarbon Engineering ranked first on Top 30 EPC Contractors 2019
June 18, 2019: India’s Larsen & Toubro took the top spot on our list this year thanks to some major wins and a growing presence in the Middle East. L&T Hydrocarbon Engineering (LTHE), the energy arm of L&T, won contracts with Arab oil companies and demonstrated a strong interest in partnership within the   more..


GAIL (India) Ltd Produces Metallocene PE on Its UNIPOL™ PE Reactor Line
June 18, 2019: GAIL (India) Ltd has successfully produced Metallocene linear-low density polyethylene (mLLDPE) on its world-class 400,000 MT per annum UNIPOL™ PE Reactor line located in Pata, Uttar Pradesh, India on 17thJanuary 2019. GAIL's Metallocene LLDPE resin products are well-suited for a   more..


Sembcorp Industries withdraws draft prospectus for India energy unit listing
June 18, 2019: Singaporean industrial conglomerate SembcorpIndustries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to re-file the papers later this year. Sembcorp plans to subscribe to additional shares in Sembcorp   more..


Anadarko announces investment plan for natural gas exploration in Mozambique
June 18, 2019: US oil company Anadarko is due on Tuesday to formally announce its investment plan for exploration of natural gas in Mozambique. The development plan for Area 1 of the Rovuma Basin in Cabo Delgado province is estimated to cost US$25 billion to prospect for natural gas that will latter be channeled to a plant   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...

ONGC’s 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...

Vedanta’s 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 – 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
OIL: Mishra Selected For CMD Post
Sushil Chandra MishraSushil Chandra Mishra has been selected for the post of Chairman and Managing Director, Oil India Limited, India’s second largest oil exploration and production Company. Presently, more...

Vedanta Appoints M K Sharma To Board As Non-Executive Independent Director
MK SharmaVedanta said it has appointed M K Sharma to the company's board as a non-executive independent director with effect from June 1, 2019. Sharma, aged 70, retired in May’07 as the Vice-Chairman of more...

New Government Director For Oil India Ltd.
Rohit MathurRohit Mathur, Director (R), Ministry of Petroleum and Natural Gas (MoP&NG) has been appointed as Government Nominee Director on the Board of Oil India for a period of three years on co-terminus basis more...

P Jayadevan Appointed IOCL Executive Director For Tamil Nadu
P Jayadevan has taken over as executive director of IndianOil Corporation Ltd for Tamil Nadu and Puducherry with immediate effect. Jayadevan would also function as the coordinator for the oil industry in the state and also in the union territory. Prior to this, he was heading the chairman's secretariat at the corporate more...

GAIL Announces Change In Nominee Director
Ashutosh JindalThe Ministry of Petroleum & Natural Gas has appointed Ashutosh Jindal, its Joint Secretary, as Part-time Director on the board of GAIL. Jindal is an IAS Officer from Manipur - Tripura cadre 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]
Adnoc Towers: Vivid Pictures On A Symbol Of Coalescing Interests
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Oil Buyers’ Club: A Noble Idea, But Will It Work?
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Aramco-Reliance Alliance Sparks Jitters
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Kuwait Petro: Left High And Dry
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Foreign Investment
Aramco’s Proposed Investment In RIL: Hard Bargaining On
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Overseas Investment
Final Investment Decision On Mozambique LNG Project Awaited
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Sri Lanka Offers Two OffshoreOil Blocks For Exploration
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Gas Scene
Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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Domestic Natural Gas Scene in April 2019
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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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Global Natural Gas Price Trends
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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: India’s 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 Gazprom’s Average Gas Production Cost
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Natural Gas Price: Global / India
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India’s 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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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Indian crude basket price in May 2019 (in $ per bbl)
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Energy Transition: Implications For India
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Assessment Methodology for Hydrocarbon Resource of Indian Sedimentary Basins
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Passenger Vehicle Sales Records Sharper Decline in April 2019
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Circular Economy-Decoupling Economic Growth and Resource Use
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ONGC Group: Reserves as on 1st April 2019
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Indian Rig Count vs. Indian Basket Crude Price
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India’s Power Position Improves In April 2019
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Petroleum Products Import Down In April 2019
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Crude Oil Imports From OPEC Sharply Down In April 2019
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World Oil Demand
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Domestic oil & gas production vis-à-vis overseas production
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Share Of High Sulphur Crude In Processing Hits All-time High In April 2019
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Global Rig Count vs. Crude Prices
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Indian crude basket price in April 2019 (in $ per bbl)
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India’s Petroleum Products Import Drops In FY 2018-19
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Share of Domestically Produced Oil Shrinks To 16.3 % In Total Consumption
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Percentage share of High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Update: Refining Capacity - Company-wise, Sector-wise and Total
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Update: Oil Import - Volume and Price
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Reserve Replacement Ratio (RRR): Oil, Gas & CBM
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Amidst Falling Demand for Hybrid Vehicles, Europe See Record Sale of EVs
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Tenders [FREE Access]
ONGC
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ONGC
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