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Crude Oil Prices To Go Below $ 60/Barrel?
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Oil Major Shell Widening Its Interest In India’s Energy Sector
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Sanctions Prompt Rosneft To Consider Exiting Nayara Energy
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GRM: How Private Refineries Make $ 4 To 5/Barrel More Than The PSUs?
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Backlash Forces Pause In Directive Banning Old Cars
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Fallout Of The Blowout In ONGC’s Well RDS#147A
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Vanishing Subsidy In India’s Petroleum Sector
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Aviation Fuel Consumption Growth India: Normal? Robust?
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India’s Declining Ethane Imports: Companies Seek Partners To Build, Operate Large Ethane Carriers
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Growing Role Of Electric Vehicles
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ITD Cementation Secures $ 67.7 M Marine Contract For LNG Project
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CBG Plant At Brahmapuram To Be Inaugurated By July-End
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Castrol Launches Three New Lubricants
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Mitsui O.S.K. Lines
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Deep Industries Wins Rs 453 Million Oil India Rig Contract
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Shelf Drilling Rig Up For New Job In India
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July 17, 2025: India’s Shrinking 2P Oil And Gas Reserves, Click column Special Database for an update.
July 16, 2025: A Net Zero Roadmap is a strategic plan outlining how an organization or country will achieve net zero greenhouse gas (GHG) emissions by a specific target date. India’s second largest Oil Marketing Company, BPCL, has such a target. Click column Special Database for details.
July 10, 2025 | Case For Expanded SPR Rests On A Rickety Premise: SPR stands for Strategic Petroleum Reserve. It refers to emergency stockpiles of crude oil that governments maintain to mitigate the impact of supply disruptions or price shocks. The growing faith in the SPR and the supposed benefits that will flow from it stems from an insufficient understanding of the changes in the crude oil industry’s fortunes. There is no shortage of Crude in the market and can be purchased without any difficulty. It is not a buyers’ market yet but is pretty close to it. The recent Israel-Iran war did not have any impact on its availability. Iran is an important crude producer. However, the US bomb attack which crippled Iran’s nuclear facilities – which hastened the end of the war - did not affect the crude market. The US is now trying to wreck the Russian crude oil supplies which may affect countries like India and China but it will not restrict availability of crude. Is the world already grappling with a crude oil glut? Click Free Access column Petro Intelligence to read an insightful piece.
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NATO warns India, China and Brazil over buying Russian oil
July 17, 2025: The 32-member North Atlantic Treaty Organization (NATO) Wednesday warned India, China and Brazil over buying oil from Russia.
Speaking to reporters after meeting US senators, NATO Secretary General Mark Rutte warned the countries doing trade with Russia could face severe economic penalties if more..
Oil executives brush aside Trump’s tariff threat on Russian crude
July 17, 2025: Indian refinery executives see US President Donald Trump’s threat to impose 100% secondary tariffs on Russia as a negotiating tactic, with little real-world implication for global oil markets or India’s imports of Russian crude.
The oil market barely reacted to Trump’s assertion more..
GAIL in initial talks for long-term LNG deal with Alaska LNG, sources say
July 17, 2025: India's state-run GAIL (GAIL.NS )opens new tabis in initial talks to buy liquefied natural gas from the proposed Alaska LNG project as the South Asian nation expands its import capacity, three industry sources with knowledge of the matter said.
The talks with developer Glenfarne come as India more..
Oil breakthrough: Assam to become first state in India to produce and profit from crude
July 17, 2025: Assam is set to become the first state government in India to take a direct role in oil production, marking a significant turning point in the country’s energy sector. The move follows a hydrocarbon discovery in the Namrup Borhat-1 well, located in the Dibrugarh district, a project in which the Assam more..
India’s oil demand growth accelerates in May 2025
July 17, 2025: Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly update that in May, India’s oil demand expanded by 110 thousand barrels per day (tb/d), y-o-y, up from an increase of 21 tb/d, y-o-y, seen the previous month, supported by transportation fuels and NGLs/LPG.
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TotalEnergies flags lower oil, gas sales ahead of Q2 results
July 17, 2025: Lower prices for oil and liquefied natural gas will weigh on French oil major TotalEnergies' second-quarter earnings, even as its hydrocarbon production rose slightly, it said in a trading update on Wednesday.
Total's hydrocarbon production in the second quarter of 2025 will show an more..
Rajasthan Cabinet clears City Gas Distribution Policy-2025 to promote clean energy access
July 17, 2025: The Rajasthan Cabinet, chaired by Chief Minister Bhajan Lal Sharma, held a meeting on Monday at the Chief Minister’s Office and approved several key decisions aimed at encouraging planned urban development, promoting medical tourism, advancing the energy sector including renewable energy, and enhancing more..
Cabinet Eases Investment Rules For NLC India To Fast-Track Green Energy Drive
July 17, 2025: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved a special exemption for NLC India Limited (NLCIL) from the prevailing investment guidelines applicable to Navratna Central Public Sector Enterprises.
This strategic decision enables 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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Buy Assets In US And Swap Crude With Europe
By R. Sasankan
The
pecking order in the world of oil and gas has changed dramatically: the US has
grabbed the top spot on the totem pole. One recent report summed up the
development succinctly: "December 2023 witnessed an extraordinary surge in US
LNG exports with shipments 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...
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...
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.
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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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Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
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...
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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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Bhalla Appointed As Member (Technical) In Appellate Tribunal For Electricity
 Eight months after retiring as Secretary of the Ministry of New and Renewable Energy (MNRE), Bhupinder Singh Bhalla (Retd IAS:1990:AGMUT) has been appointed as Member (Technical) in the more...
MRPL Appoints Three Executive Directors
 MRPL has appointed Yogish Nayak (Finance), Deepak Prabhakar (Marketing), and N Anandha Kumar (Refinery) as Executive Directors. Yogish Nayak S has been appointed as Executive Director (Finance), more...
Torawane MD GSPC Appointed Secretary Panchayats And Rural Development
 Milind Torawane MD GSPC has been appointed Principal Secretary Panchayats, Rural Housing. Milind Torawane, IAS, will remain the Managing Director of Gujarat State Petroleum Corporation Limited and more...
Arvind Kumar, Director (Refineries) Assumes Additional Charge as Director (Pipelines) at IndianOil
 Arvind Kumar, Director (Refineries) at IndianOil, has taken on the additional charge of Director (Pipelines). As a distinguished leader with over 35 years of experience in the petroleum industry, Mr. more...
IndianOil’s Niranjan Bhalerao Selected To Be Next Director (Finance) Of GRSE
Niranjan Bhalerao is set to be next Director (Finance) of Garden Reach Shipbuilders and Engineers Limited (GRSE), a Miniratna PSU under the Ministry of Defence. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Saturday. Currently, he is serving as Executive Director (Finance) more...
Castrol India Appoints Mrinalini Srinivasan As Chief Financial Officer
 Castrol India has announced the appointment of Mrinalini Srinivasan as its new Chief Financial Officer (CFO), effective July 28, 2025. She succeeds Deepesh Baxi, who stepped down from the role in 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.
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Case For Expanded SPR Rests On A Rickety Premise
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It Is Time That Oil India Gets Its Due
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India Needs To Snap Up LNG Assets In US
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Time To Hunt For New Forms Of Energy
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Mitsui OSK To Invest In JV With ONGC For Ethane Carriers
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ONGC-Sinopec JV, MECL, Achieves Landmark Output In Colombian Oilfield
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Sector-wise Consumption Of Natural Gas
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Domestic Natural Gas Scene Presents A Dismal Picture In May 2025
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Highlights of Domestic Natural Gas Scene In April 2025
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How Much Is India’s Domestic Production Of Natural Gas? How Much Is Natural Gas Consumption And Import Dependency?
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Where Does India figure among the world’s Top Natural Gas Consuming Countries?
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India’s LNG Import & Re-gasification Terminals’ Capacity Up By 5 MTPA
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Domestic Natural Gas Scene In April Presents Declining Production, Increasing LNG imports
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Sector-Wise Consumption Of Natural Gas In FY ’25
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Dismal Performance By Domestic Natural Gas Producers In March 2025
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India’s LNG Regasification Terminal Capacity In For a Big Jump
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India’s LPG Profile as on January 1, 2025
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Domestic Natural Gas Scene In February 2025
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Domestic Natural Gas Scene In January 2025
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India’s Growing Gas Import Dependency
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India’s Shrinking 2P Oil And Gas Reserves
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BPCL’s Net Zero Roadmap
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India’s Ever Widening Marketing Infrastructure For Petroleum Products as on 1st April 2025
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Exports Of Petroleum Products Up In May, Import Down
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Oil India’s Highest ever production
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Analysis Of Crude Oils Processed By Indian Refineries In May 2025
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Quantum Of Crude Oil Import Declines in May, OPEC Share Increases
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Most Global Trading Hubs Report Rising Refining Margins
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How Prices Moved In the Indian Crude Basket in June 2025?
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Retail selling price of major petroleum products in India & neighbouring countries
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BPCL To Set Up Global Crude Oil Trading Desk To Be Operationalized in FY ’26
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Analysis Of Petroleum Products Consumption During The Current FY 2025-26
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Domestic Share in India’s petroleum Products Consumption Touches All-Time Low In May 2025
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Consumption Growth Of Petroleum Products Slows In May 2025
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Profit After Tax Of India’s Oil Cos Decline In FY ’25
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Share Of Imported and Domestic Crude In Processing by Indian Refineries
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India’s Peak Power Demand Falls During April-May 25
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Status Of Shale Gas &Oil Exploration
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Significant Jump In Crude Oil Processing By Indian Refineries In FY 2024-25
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