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Untold Story Of India’s LNG Import Growth Potential
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Exploration Acreage Rounds Failed In Finding New Reserves
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Neither Retail Pricing Reform Nor Low Crude Price Benefits Consumer
more...
Indian Refineries On Recovery Path As Consumption Improves
more...
Developments Beyond COVOD-19 May Delay BPCL Sale
more...
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Anil Agarwal To Delist Vedanta From Indian Bourses
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ONGC’s Tryst With Marginal Fields, 49 Awarded To 7 Cos
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CGD Sector Seeks Excise Duty Exemption, Special Fund Creation
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With Easing Of Lockdown, Natural Gas Demand Picks Up
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Next Phase Of CBM Exploration Begins, Adani To Enter The Race
more...
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SP Infra Sells 5 Solar-Energy Assets To KKR
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GAIL To Commission LNG Pipeline Next Month
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ONGC, NTPC To Partner For Renewable Energy Projects
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Orissa Stevedores
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IOC To Supply Petroleum Products To Bangladesh
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CPCL Records A Net Loss
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CPCL To Raise Rs 10 Billion Through Bonds
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- Fantastic lift-off in France: Siemens Gamesa confirms order for 496 MW Bay of Saint Brieuc offshore wind power plant
- Australia’s domestic-focused E&Ps are better positioned to cope with current global market volatility, says GlobalData
- Rotork process control actuators added to Australian LNG project
- Siemens to supply compression and power generation equipment for Balikpapan Refinery in Indonesia
- L&T Press Release - L&T Heavy Engineering Achieves Delivery of Critical Equipment to Global Customers During Lockdown
- U.S. Oil Producers to Halt 1.75 Million Barrels Per Day of Production -- "Great Shut-in" Hits North America
- Goldman Sachs Chairman and CEO -- Why the COVID-19 Downturn is Different than the 2008 Financial Crisis and How it Will Change Capitalism; Early Signs of Economic Recovery and Why There's No "Normal" in Commodities Markets
- ONGC and NTPC sign MOU to set up Joint Venture for Renewable Energy Business
- Natural gas outlook remains bleak through 2020 and affects major gas-producing shale operators
- IEA Executive Director Fatih Birol on "CERAWeek Conversations" -- Talks Bringing Oil Markets to Balance; Early Signs of Demand Recovery; and Why Not to Count Out U.S. Shale
- Chevron Chairmand and CEO Mike Wirth Speaks with IHS Markit Vice Chairman Daniel Yergin -- New Installment of CERAWeek Conversations
- ONGC awards 49 marginal onland oil fields to seven firms
- U.S. Secretary of Energy Dan Brouillette Speaks with IHS Markit Vice Chairman Daniel Yergin -- The Latest Edition of CERAWeek Conversations
- CUI Global Announces Name Change to Orbital Energy Group and New Ticker Symbol “OEG”
- COVID-19 triggers delays in projects and investment decisions in global LNG liquefaction sector
- IHS Markit: The Three Phases of Oil Markets Recovery Through 2021
- Global oil and gas contract activity reports downtrend amid COVID-19 outbreak during Q1 2020
- IHS Markit: Global Oil Production to be Cut by as Much as 17 MMb/d in Q2 2020 -- Largest in the History of the Oil Industry
- ICIS global Petrochemical Index (IPEX) plunges to November 2003 level
- May heralds even more disruption and uncertainty for petrochemicals
- News from Saab Seaeye - Falcon offshore West Africa
- Logan Industries builds ROV A-frame for TechnipFMC for use in Gulf of Mexico
- Depressed demand and falling oil and gas prices challenges global LNG sector, says GlobalData
- Fostering Ideas: What’s Next Post Pandemic
- Former BP Chief Executive Lord John Browne on the Oil Industry’s Post-COVID-19 Future; Climate Change Impacts and Why Government is “Back, Big Time"
- Digital solutions mitigate much of the coronavirus supply chain disruptions
- W&W Energy Services improves safety and efficiency with new Knuckle Boom Crane Truck
- Global LNG Demand Resilient in Face of COVID-19
- Asian crude oil importers are likely to gain after Saudi Arabia slashes oil prices, says GlobalData
- IHS Markit: The Lowest Oil Price in History of the Industry -- Negative Oil Pricing Becomes a Reality
- Chinese refining companies show signs of recovery post COVID-19 impact, says GlobalData
- eDrilling Wins Contract for Total’s Well Construction Planning Technologies
- Stress Engineering Services, Inc. and RPS develop Sustainability Scorecard
- Consolidated Guidelines of Ministry of Home Affairs (MHA) for containment of COVID-19 epidemic in India
- Managing in the COVID-19 Era
- China may buck trend of Covid-19 related delays in Asian oil & gas industry
- Gardner Denver Introduces New Cost-Efficient VX Hydraulic Fracturing Pump Fluid End
- Netherlands Becomes The First European Customer For Sea Wasp
- Uganda and Kenya's first upstream projects likely to join list of Sub-Saharan African project deferrals for 2020
- OPEC+ Production Deal: Back from the Brink
- Quarter of European ethylene capacity threatened by refinery cuts
- CAPE Holland to supply Vibro Lifting Tool for Kaskasi OWF
- Understand the impact of the COVID-19 crisis with GlobalData’s latest webinars
- Coronavirus to hit LNG demand at world’s largest LNG importers
- The Oil Price Collapse Will Change “Trajectory of North American Gas Supply”
- Stratagraph Promotes Elizabeth Viator To Controller/HR Manager
- ONGC rises to the occasion to combat Covid-19 national crisis
- ASCO Appoints New CFO
- Power Demand Coming Back in China After Unprecedented Drop During COVID-19 Lockdown
- Dharmendra Pradhan Calls Relief Package a Step towards responsive Governance in Challenging Times Which Will Provide Relief to Vulnerable Sections
- Dharmendra Pradhan conducts video conference with CMDs of PSUs of Steel and Petroleum companies; Reviews essential supplies and precautionary measures
- ONGC exudes confidence to withstand current volatility; declares 100% interim dividend
- Sercel-GRC Names Alejandro Villa As Global Customer Support Engineer
- COVID-19 Spares Nobody: Mobility Impacts of a Global Pandemic
- Russian oil and gas operators emerge on top despite the plummeting oil prices, says GlobalData
- Reduction in gas flaring benefits producers and the environment, says GlobalData
- Scoop-Stack shale play drilling activity driven by select counties in Oklahoma, says GlobalData
- Deepwater acreage will continue to attract significant company interest through 2020
- Denver-Julesburg Basin to grow production by 10% in 2020, says GlobalData
- US shale supply badly hit by price war and forced to become more resilient
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May 29, 2020: COVID-19 has adversely impacted the oil sector very badly. The damage has been very serious in the case of downstream sector with lock down affecting consumption of transportation fuels and consequently the refining capacity utilization. It now appears that the E&P sector too has been hit. Domestic production of oil and gas registered a significant fall in April. The fall has been only marginal in the case of Indian companies' overseas production. Click column Special Database for details.
May 28, 2020: Power supply situation is important for the oil industry as it influences the sale of diesel. Shortage of power increases the sale of diesel for back-up power generation. Click column Special Database for details region-wise power availability in April 2020.
May 25, 2020 | ONGC Must Return To Its Roots, Sell HPCL And MRPL To IOC: Integrated Oil Company is a much abused term in India. Even chief executives of certain PSU oil companies were heard using this term without understanding the history of India’s oil sector. India has an eminently sensible integrated structure for the oil industry and this is precisely why K.D. Malviya, the visionary petroleum minister of the 1960s, asked ONGC to handover its refinery at Koyali in the state of Gujarat to Indian Oil Corporation. He wanted ONGC to concentrate on oil exploration and production. This strategy led ONGC to a number of significant oil and gas discoveries. ONGC has no commercial discovery for close to five decades. Corruption is one major issue. Who corrupted whom? Fiscal deficit should be the concern of the finance minister and not the petroleum minister. Should ONGC be saddled with HPCL and MRPL? What value addition can ONGC provide to refining imported crude which established players like IOC, BPCL and HPCL cannot. The situation calls for an intervention from the petroleum minister Dharmendra Pradhan, similar to the one Malviya did in 1966. Click Free Access column Petro Intelligence to read an interesting piece.
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India Looking To Store Oil in the US Petroleum Reserve
May 30, 2020: India may soon follow in Australia’s footstep with plans to store crude oil within the US Strategic Petroleum Reserve (SPR). The country’s minister of petroleum and natural gas Dharmendra Pradhan said that government is exploring the possibility of investing in the US to store crude oil. Pradhan said more..
India’s crude oil import bill fell by 10% in FY20
May 30, 2020: As the crude oil market fell into a bear mode following the global spread of coronavirus, India's oil import bill also fell by about 10% in FY20. According to provisional data from Petroleum Planning and Analysis Cell (PPAC) of the petroleum ministry, India's oil import bill went down to $101.4 billion more..
Dharmendra Pradhan launches 56 CNG stations through online ceremony
May 30, 2020: Expanding the reach of environment-friendly Compressed Natural Gas, Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan, through an online ceremony, today dedicated to the nation 48 CNG stations and inaugurated 8 other CNG stations in the country. These 56 stations are spread over 11 more..
LIC set to subscribe to RIL’s rights issue, may invest ₹30 billion
May 30, 2020: State-run Life Insurance Corp. of India (LIC), the largest institutional investor in the Mukesh Ambani-run Reliance Industries Ltd (RIL), will invest ₹25-30 billion in the company’s ongoing rights issue, said two people directly aware of the life insurer’s plans. RIL’s massive ₹531.25 billion rights issue more..
IOC may OK arm Chennai Petroleum’s new 9-mtpa refinery plan shortly
May 30, 2020: Chennai Petroleum Corp Ltd’s proposed mega project to replace its 1-mtpa Cauvery Basin refinery at Nagapattinam in Tamil Nadu with a new 9-mtpa refinery is likely to receive the official nod from the boards of the company and its parent–state-owned Indian Oil Corp Ltd–within three to four more..
Pradhan envisages home delivery of petrol, CNG
May 30, 2020: After doorstep delivery of diesel, the government is looking at starting home delivery of petrol and CNG for the greater convenience of customers, Oil Minister Dharmendra Pradhan said on Friday. Also, the government is looking at unveiling a new fuel retailing model where all types of fuels -- petrol, diesel, more..
Petroleum Refinery Products sector output shrunk -24.16% in April 2020
May 30, 2020: Production output of the Petroleum Refinery Products sector shrunk by -24.16% to 15,959 in Thousand Tonnes in April 2020, according to data released by the Office of the Economic Advisor today. This is lower than the growth rate (-0.49%) of the sector in the previous month. The sector's growth rate (-24.16%) more..
Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy
May 30, 2020: Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new and faster transition to a low-carbon future as he expects the price of solar modules to drop further. Writing on Linkedin, he said the urgency of a green revolution in the more..
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Why not Self Reliance in Crude Oil? Reforms & Financial Package for Coal is self-contradictory.
 by Maj. Gen. (Retd) S.C. N.Jatar*
| My article in early April
ventured to suggest that India seems to be missing out on the more...
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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...
Hydrocarbon Re-assessment Exercise Progressing As Scheduled
The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country.
According to official sources, as on March 31, 2017, the team has completed more...
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Crude collapse to crush US petchem advantage
By:
Joseph Chang, Global Editor, ICIS Chemical Business
The collapse in crude oil prices is wiping
out much of the US petrochemical competitive advantage while global demand is
being slammed by the continuing spread of the coronavirus. Financial markets
are seizing up, throwing a wet blanket on new more...
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...
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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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GAIL Chief Manoj Jain Now Takes Over As Chairman Of Mahanagar Gas
 Manoj Jain, chairman and managing director of national gas major GAIL, has been appointed as chairman of the city gas distributor Mahanagar Gas Ltd as well. Jain took over as the chairman of Mahanagar Gas more...
Cairn Oil & Gas CEO Ajay Kumar Dixit Ends Term
 Ajay Kumar Dixit, Chief Executive Officer of Cairn Oil and Gas, will end his term at the company helm a little over a year after taking charge. Dixit was appointed as the CEO in mid-April 2019, more...
Chaturvedi Appointed Secretary Of MNRE
Indu Shekhar Chaturvedi has taken over as the new Secretary of the Ministry of New and Renewable Energy (MNRE) from May 11. Chaturvedi has replaced Anand Kumar who has been shifted to the Ministry of Culture. Chaturvedi is a 1987 Batch IAS officer and belongs to Jharkhand cadre. Prior to this appointment, he was serving as more...
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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.
To download this full article in PDF, click here |
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ONGC Must Return To Its Roots, Sell HPCL And MRPL To IOC
more...
Life Beyond COVID-19: Scout For Gas Assets
more...
Time To Ring The Changes
more...
Pandemic Puts BPCL Selloff In Doubt
more...
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Gulf Oil Resumes Silvassa Plant
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CIL Invites Foreign Participation For Development Of CBM Blocks
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Total’s Mozambique LNG To Sign $15 Billion Financing In June
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Natural Gas Price trends: Global & Domestic
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CGD Growth Over The Years
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Domestic Natural Gas Scene in March 2020
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India’s Increasing Gas Import Dependency
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Sector-wise Demand And Consumption of Natural Gas - An Update
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Surprising Fall In LPG Consumption In February 2020
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Capacity Utilisation of LNG Regassification Terminals
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Natural Gas Price Trends: Global and Domestic
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Natural Gas Price: Global & Domestic (December 2019)
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LNG Import, Gas Production and Consumption Since 2007-08
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Gas - Import Dependency
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Sector-wise consumption Of Natural Gas Since FY 2016-17
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LNG is more competitive for transportation distances beyond 1,000km (offshore) and 3,000km (onshore)
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China’s Dependency On Imported Gas Trending Up As Production Lags Behind
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Natural Gas price trends: Global & Domestic
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CNPC’s shale gas target looks overly ambitious
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Domestic Oil & Gas Production vis-a-vis Overseas Production
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Power supplied and deficit: Region-wise position for April 2020
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Indian Drilling Rig Count Up As Global Rig Count Declines
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Product-Wise Consumption Of Petroleum Products In Lockdown Month April 2020
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Capital expenditure of PSU oil companies
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Global Rig Count in March 2020
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Price movements In Indian Basket of Crude in April 2020
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India’s Pipeline Network: Crude Oil, Petroleum Products & Natural Gas
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Analysis of Crude Oil Processed By Indian Refineries In FY 2019-20
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OPEC Share In India’s Crude Imports Down
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Coal Bed Methane Gas Development: An Update
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India’s shrinking self sufficiency in Petroleum Products
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India’s Crude Oil Imports In FY 2019-20: Quantity & Value
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Rising Demand For LPG, Unaffected Even By COVID-19
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Power deficit: Region-wise position for March 2020
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Sales of Passenger Vehicles, Commercial Vehicles & 2-Wheelers Dropped In March As Well
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Update: High Sulphur (HS) & Low Sulphur (LS) Crude Oil Processing
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COVID-19 Effect On India’s Petroleum Products Consumption in March
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Break-up of consumption data (PSU and Private) - An Update
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Distillate Yield of Indian Refineries - An Update
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An Update: India’s Oil Import & Value
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End-Use Analysis Of HSD Sales
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Update: Petroleum Industry Marketing Infrastructure
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Indian Drilling Rig Count In February 2020
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India’s Petroleum Products Export Goes Up Significantly In February 2020
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Price Movements In Indian Basket Of Crude In March 2020
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