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Crude Oil Oversupply ConcernsOvershadow Geopolitical Risks
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Will India Stop Importing Russian Oil?
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Canada To reboot Trade relations With India: Trump FactorInfluenced India, EU To Sweeten Their FTA?
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India Reshapes Its Oil Import Strategy
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Despite Lower GRMs: Oil Marketing Companies’ Profits To Go Up By Over 50% In FY 26
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Petroleum Products Output In India Exceed Refineries’ Installed Capacity
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The LikelyImpact Of HPCL- CastrolMoUOn Re-refined BaseOil?
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Auto LPG Finds TheGoingToughIn Indian Market
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Bharat Petroleum Corporation Busy Signing Strategic Partnerships
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India’s Focus On Low-Carbon Fuels
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Essar Oil &Gas To Invest $100 Million To Expand Raniganj CBM Output
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NLC India Renewables Wins 600 MW Solar Plus Storage Project From SECI
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HPCL And Oil India Join Forces
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HPCL And IGX Sign MoU To Enhance Access To HPCL’s LNG Terminal At Chhara, Gujarat
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Petronova Energy Pvt. Ltd
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Cairn Oil &Gas Boosts Gas Production On India’s West Coast
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GAIL Targeting To Add 85 New CNG Stations In Next Two Years
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BPCL And Trafigura Sign Landmark Crude Oil Supply Agreement
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February 13, 2026: Led by Solar, Renewables Overtake Thermal in India’s Power Mix. Click Special Database for details.
February 12, 2026: The World Bank’s Global Gas Flaring Tracker Report 2025 says India flared approximately 1484 MMSCM or approximately 4% of domestic production of natural gas in 2024, placing it among the top 20 gas-flaring nations globally. Click column Gas Scene for details.
February 10, 2026 | Andaman Basin: Time
to Dial the Russians | The Andaman basin
is perceived to be India's new energy frontier. Accordingly, the
country's upstream companies are swarming all over the Andaman Basin to find
oil and natural gas reserves. The buzz around the Andamans basin - which lies
in the junction between the Indian and Burmese tectonic plates - just grew
shriller after petroleum minister HardeepPuri said energy-starved India was
close to a major oil / gas discovery in the region. Oil India and ONGC have so
far drilled about 20 exploration wells in the Andaman offshore basin. The
question now is this: Is the hype around the Andamans Basin for real? The
upstream companies have been drilling there for quite a few years now but have
nothing really big to show. I spoke with a couple of senior executives of these
companies and they say that there are still no signs of a big commercial
discovery. Admittedly, the region is a "frontier area" with high growth
potential. But no one is willing to hazard a guess about commercial oil or gas
fields they will discover. The situation is similar to what ONGC faced prior to
discovery of Bombay High. Click Free Access Column Petro Intelligence
to read a comprehensive piece on the subject.
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India’s Reliance wins US licence for Venezuelan oil, sources say
February 14, 2026: The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said.
Following the U.S. capture of Venezuelan President Nicolas Maduro earlier more..
Congress demands Petroleum Minister Hardeep Singh Puri’s resignation
February 14, 2026: The Congress demanded the resignation of Union Petroleum Minister Hardeep Puri after his name came up in the Epstein Files.
Responding to Mr. Puri’s explanation that he was in touch with the late Jeffrey Epstein, the disgraced financier who was charged with serious sex offences, as part more..
Deepak Gupta appointed Chairman & Managing Director of GAIL
February 14, 2026: The Ministry of Petroleum and Natural Gas (MoPNG) has appointed Deepak Gupta, Director (Projects), GAIL (India) Ltd, as the Chairman and Managing Director (CMD) of the company.
According to the regulatory filing, MoPNG has appointed Gupta to the post of CMD with effect from the date of more..
India will buy US LNG if offered at reasonable price, Petronet CEO says
February 14, 2026: India is ready to buy American liquefied natural gas if it is offered at reasonable prices. About this reports Bloomberg. The statement by Akshay Kumar Singh, chairman of the country's largest gas importer, Petronet LNG, came as New Delhi seeks to increase imports from the United States after reaching a more..
Dilip Buildcon secures Rs 1.24 billion ATF pipeline project from PNGRB
February 14, 2026: Dilip Buildcon said that it has received a letter of authorisation (LOA) from the Petroleum and Natural Gas Regulatory Board (PNGRB) for laying, building, operating and expanding a petroleum product pipeline.
The project involves setting up a Petroleum or Petroleum Product (Air Turbine more..
ONGC Q3 net profit rises 1.6 pc on higher new well gas realisation, lower levies
February 14, 2026: Oil and Natural Gas Corporation (ONGC) reported a 1.6 per cent increase in net profit for the December quarter, aided by higher realisations from new wells and reduced statutory levies, which offset the impact of lower crude oil prices. The company reported a standalone net profit of Rs 83.72 billion for more..
IGL Q3 net profit rise 25% as margins improve, sales rise
February 14, 2026: Indraprastha Gas Limited (IGL), India's largest city gas distributor, on Thursday reported a 25 percent rise in the December quarter net profit as a rise in margins and sales of both CNG and piped cooking gas negated the financial implication of staff cost.
Net profit was Rs 3585.7 more..
ONGC Western Offshore DUDP Nears Gas Production; 4 Mega Projects Ready
February 14, 2026: In a major boost to India's domestic energy production, ONGC has announced that its Western Offshore Deep-water Development Project (DUDP) is in the final commissioning stage and set to begin gas production shortly. The update, shared officially by ONGC on social media, confirms that India's largest 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.
more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
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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IndianOil CGM Takes Charge as Director (Finance) of SCI
The Appointments
Committee of the Cabinet (ACC) has approved the appointment of Shri Nitin
Khamesra, Chief General Manager (CGM) at Indian Oil Corporation Limited (IOCL),
as Director (Finance) of Shipping Corporation of India Limited (SCI). The
appointment is effective from the date of assumption of charge, for a tenure more...
GSPL Appoints Sandeep Kumar, IAS As Additional Director
Gujarat State
Petronet Limited appointed Shri Sandeep Kumar, IAS as Additional Director,
effective January 28, 2026. Nominated by Gujarat State Petroleum Corporation
Limited, Mr. Kumar is currently serving as Secretary (Economic Affairs) for the
Gujarat Government. He brings over 20 years of experience in more...
BPCL Announces Major Leadership Reshuffle; 9 Senior Executives Promoted As EDs
BPCL has
announced the promotion of nine senior employees to the position of Executive
Director (ED):
Dhanapal S -
Takes charge of Quality Control & Chemistry (QCC). A Civil Engineering
graduate, he brings extensive experience from Human Resources, LPG operations,
and 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.
To download this full article in PDF, click here |
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Andaman Basin: Time to Dial the Russians
more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
more...
Time To Review Crude Sourcing Strategy
more...
Natural Gas: Little Glimpse Of The Dream
more...
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AG&P To Set Up Modular EPC And Fabrication Manufacturing Shop In India
more...
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GAIL, “K” LINE AndJM Baxi Sign Term Sheet For Equity Participation In LNG Shipping Venture
more...
BPCL To Open Singapore Trading Desk, Expand Crude, LNG, Fuels Trade
more...
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Gas Flaring in India
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India’s Domestic Natural Gas Scene, A Graphic Presentation
more...
Volatility In Natural Gas Prices
more...
Domestic Natural Gas Scene In December 2025
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Domestic Natural Gas Scene In November 2025
more...
The Rise And Fall Of LNG Imports In Indian Market
more...
Capacity Utilisation Of India’s LNG Terminals
more...
Sectoral Consumption of Natural Gas In India
more...
Domestic Natural Gas Scene In October 2025
more...
Indian Natural Gas Spot Price for Physical Delivery
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India’s Reluctant Initiatives In Shale gas and oil exploration
more...
Restrained Increase In Domestic Natural Gas Price
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Domestic natural gas scene in September 2025 (MMSCM)
more...
Sector-Wise Consumption Of Natural Gas In India
more...
India Moves Towards A National Gas Grid
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Domestic Natural Gas Scene In August 2025
more...
Where Does India Figure Among Top 30 Natural Gas Reserves Countries?
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Led by Solar, Renewables Overtake Thermal in India’s Power Mix
more...
LPG’s Amazing Growth In India
more...
Analysis Of Trend In Petroleum Products Consumption During Current Financial Year
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India’s Production And Consumption Of Petroleum Products
more...
Why These Sudden Jumps In India’s Crude Oil Imports?
more...
Robust Growth In Petroleum Products Consumption In December 2025
more...
How Prices Moved In Indian Crude Basket In December 2025?
more...
Refinery Margins In Global Hubs At Highest Level Since February 2024
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The Rise And Decline In India’s Petroleum Subsidies
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Retail selling prices of major petroleum products in India and neighbouring countries
more...
Naphtha’s Growing Relevance In Indian Economy
more...
Petroleum Sector Prices impacts India’s Whole Sale Price Index In A Significant Way
more...
Indian crude basket slips below $60 a barrel for first time in years
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Global Oil Demand Is Forecast To Grow Reluctantly
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Rising Refinery Margins In Global Petroleum Hubs
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HPCL Refining Capacity To Expand With Full Commissioning Of JV Rajasthan Refinery
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The Fall In Indian Crude Basket Price Continues
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