Policy
North America More Crucial Than Iran In Balancing Oil Trade
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India’s US Crude Oil Purchase Strategy Faulty?
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Bungled In Past Contracts, PLL wants A Sensible Deal In US
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Integrated Oil Behemoth Still A Distant Dream
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Political And Economic Impact Of Declining Oil price
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Regulation
OVL Advised To Source Deals In A More Proactive Way
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Despite Drop In Consumption, LPG Demand To Surge
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Euro VI Introduction May Prompt Long Refinery Shutdowns
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Swan Energy’s Floating LNG Project In Trouble
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Alternative Energy / Fuel
Additional Soft Loan For Ethanol Production
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New Projects
HPCL, Rajasthan Awards Contract To McDermott
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Reliance, BP Get Key Ship On KG-D6 For Expediting Gas Output
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Market Watch
Modi Govt.’s Flagship Scheme Ujjwala Hits 60-Million Mark
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Companies
Deep Industries Ltd
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IOT Infra Plans To Manufacture Bio-CNG In Tamil Nadu
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Selan’s Share Buyback Plan
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Confidence Petroleum Gets License For 11 More Auto LPG Stations
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Press Release [FREE Access]
Latest Exclusives

January 18, 2019: Major End use of petroleum products in India. Click Special Database for details. 


January 17, 2019: The growth of the Piped Natural Gas (PNG) connections depends on the growth of City Gas Distribution (CGD) network. PNG connection is a biddable parameter and is set by entities themselves at the time of bidding for CGD station. According to official data, the number of households covered under PNG was 2938117 as on June 30, 2015. PNG connections are given to domestic as well as industrial purpose. Click column Gas Scene for an update of PNG connections.


January 16, 2019: Fuel and Loss (F&L) of a refinery is the difference in weight between the crude processed and the products produced (including intermediates). The heat required for various processes is generated using the gas and fuel produced during refining; the power required for the refinery is generated using the streams generated during refining; and there will be some vapour losses from storage tanks before the products are transferred to marketing installations. The sum of all such internal fuel consumption is called F&L. The more complex the refinery configuration, the higher will be fuels consumed internally; and their higher F&L will be compensated by the superior products yield. Click column Special Database for an update on F&L in Indian refineries.


January 10, 2019 | Clash Of Egos Bedevil Mega Refinery Project: The proposed 60 MMTPA refinery on the west coast looked a near reality in early 2018. It now looks a distant dream. India is used to refinery projects getting delayed inordinately but not Saudi Arabia and UAE. The visible reason for the delay is the controversy over the location of the project on the west coast in the state of Maharashtra. There are other basic issues as well. Saudi Aramco is the world’s largest oil company and Indian Oil Corporation is India’s largest. The real issues plaguing the project cannot be substantiated with documentary evidence. The project is prestigious for the Modi government. Click free access column Petro Intelligence for a comprehensive behind the scene story.

Today's News [FREE Access]
Oil rises 1% on OPEC cuts, hopes for easing China-US trade tensions
January 19, 2019: Oil prices climbed 1% on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. US West Texas Intermediate (WTI) crude futures were at $52.59 per barrel at 0718 GMT, up 52 cents, or 1%,   more..


EV biz to be decided after large-scale demand, says Sanjiv Singh of IOC
January 19, 2019: Sanjiv Singh, chairman, Indian Oil Corporation (IOC), during a candid chat with Anurag Shah of Zee Business, talks about the outlook on crude prices, marketing margins of IOC amid volatility, inventory losses and capital expenditure, among others. Edited Excerpts: Can you provide an   more..


India mulls bringing natural gas under single unified tax regime
January 19, 2019: A Parliamentary committee on energy has batted in favour of including natural gas in the integrated pan-India GST structure. The committee notes that natural gas, as a clean energy source, should not be put at a disadvantage compared with other fuel, including coal, which is already under the integrated tax   more..


US likely to cut number of Iran oil sanctions waivers in May
January 19, 2019: The United States is likely to extend waivers from sanctions on Iranian oil imports in May but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said. Washington surprised oil markets after   more..


GAIL plans to terminate Rs 2.70 billion IL&FS contract
January 19, 2019: GAIL is planning to terminate Rs 2.70 billion pipe laying contracts it awarded IL&FS last year as the financially-troubled contractor is unable to make progress, delaying the Prime Minister’s pet pipeline project that would take natural gas to much of eastern India via his constituency Varanasi,   more..


Reliance to invest Rs 3000 billion in Gujarat in next 10 years
January 19, 2019: India’s richest person Mukesh Ambani on Friday committed to invest Rs 3000 billion in various projects in the next 10 years in Gujarat, that may range from energy and petrochemical to new technology and digital business. Ambani’s Reliance Industries operates the world’s   more..


Adani Group to invest Rs 550 billion in Gujarat projects including world’s largest solar park
January 19, 2019: Billionaire Gautam Adani on Friday announced over Rs 550 billion investment in next five years in a clutch of projects in Gujarat including the world's largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex. Adani Group, which operates   more..


Fuel Prices Witness Fresh Hike; Petrol at Rs 70.55 Per Litre in Delhi, Rs 76.18 Per Litre in Mumbai
January 19, 2019: Fuel prices witnessed a fresh hike on Friday, with petrol and diesel being sold at Rs 70.55 per litre (increase by Rs 0.08) and Rs. 64.97 per litre (increase by Rs. 0.19) respectively in national capital. In Mumbai, petrol and diesel prices stood at Rs. 76.18 per litre (increase by Rs. 0.07) and Rs 68.02 per   more..

Petropulse / Guest Column
How To Unlock India’s Gridlocked Gas Grids Urgent Need For Transnational Gas Pipeline From Gulf To India
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* | www.indianoilandgas.com  in one of its  earlier issues under column  Petro Intelligence had tellingly remarked, “But 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
August 7, 2018: 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 more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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
May 21, 2018: 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
May 18, 2018: 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.
May 14, 2018:  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 more...

Status of Equity Oil and Gas Overseas
May 10, 2018: 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 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
Selan Exploration Technology Appoints Arunabh Parasher as COO
Arunabh ParasherThe Board of Directors of Selan Exploration Technology has appointed Arunabh Parasher as Chief Operating Officer of the Company. At Selan, Mr. Parasher will have full responsibility for the overall more...

Neeraj Sethi resigns as CEO of Selan
Neeraj Sethi, President & CEO of Selan Exploration Technology has resigned effective 15 January 2019 for personal reasons. Neeraj Sethi had been Chief Executive Officer and President of Selan Exploration Technology Limited since January 21, 2017. Mr. Sethi was responsible for the management and more...

Handa Selected For Director Projects In EIL
PESB has selected Sanjeev Kumar Handa for the post of Director (Projects) Engineers India Limited. Handa has served as Executive Director (Technical) of Engineers India from July 2012. He holds a Bachelor of Technology (B.Tech.) degree in Chemical Engineering. 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]
Clash Of Egos Bedevil Mega Refinery Project
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Saudi Tweet Stokes A Storm Of Speculation
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RIL’s Pre-emptive Surgical Strike?
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One-Buck Dilemma For Private Fuel Retailers
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Foreign Investment
Oilex Cambay JV Receives Payment From Partner
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Iran May Invest In Chennai Petroleum Expansion
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Overseas Investment
OVL Discovers Oil In Colombia
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Gas Scene
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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Domestic Gas Scene In November 2018
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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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State-Wise Share In CGD Business
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Update: Sectoral Consumption of Natural Gas, LNG Import and Total Net Available Gas for Sale
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Declining Rate Of Gas Flaring In ONGC’s Fields
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Natural Gas In India’s Energy Basket
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Major End use of petroleum products in India
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Fuel & Loss In Indian Refineries: An Update
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Update: Distillate Yield of PSU refineries
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Bharat Petroleum Corporation’s Impressive Refining Coverage
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Update: High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Power deficit: Region-wise position for November 2018
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India Imports Less Petroleum Products In November 2018
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Crude Oil Import From OPEC Goes Up In April- November 2018
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OIL’s In-House Capabilities & Infrastructure to support E&P Activities
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Weightage of crude oil, natural gas and petroleum products in Wholesale Price Index (WPI)
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India’s Shrinking Exportable Surplus Of Petroleum Products
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BPCL’s Global Upstream Footprint
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Update: Status of blocks under NELP as on 1st November 2018
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Production Of Petroleum Products From Natural Gas / Fractionators
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Imported Crude & Domestic Crude Oil Processing
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Capacity Utilisation of Crude Oil Pipelines of IOC, OIL, Cairn, BORL, HMEL
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Declining Capacity Utilization of ONGC’s Crude Oil Pipelines
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FOB Price Of Indian Basket Of Crude Oil
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Tenders [FREE Access]
ONGC
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ONGC
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