Tarun Kapoor, IAS Secretary Ministry of Petroleum and Natural Gas Govt. of India
Dr. Ashutosh Karnatak Member (Technical) Appellate Tribunal for Electricity
A. K. Tiwari Director (Finance) GAIL (India) Limited
A. K. Jana Managing Director Indraprashtha Gas Limited
Dr. (Mrs.) Alka Mittal Director (HR) Oil & Natural Gas Corporation
A. K. Singh Director (Marketing) & Additional Charge Director (Refineries) Bharat Petroleum Corporation Limited
Mrs. Vartika Shukla Director (Technical) Engineers India Limited (EIL)
Webinar Details & Joining Instructions
It is our pleasure to invite you to join us for the 1st edition of the Directors’ Dialogue Series (1st Edition) on Thursday, October 08, 2020 at 1500 hrs IST (Please check your local time) and we will be happy to welcome you.
This is being hosted on CISCO’s Webex platform. Please join the proceedings at least 15 minutes prior to the session, by clicking on the above link to access through your browser. However, to join from your Mobile/Handheld devices, it will be required to download the CISCO Webex App from your App Stores. Minimum internet speed recommanded for Laptop or Desktop is 50mbps | Mobile 10mbps.
OVERVIEW:
Currently, global Oil & Gas sector is going through a massive disruption due to the impact of COVID-19. Global Oil & LNG demand is expected to decline in coming months as COVID-19 spreads around the world, constricting travel and broader economic activity. The short-term outlook for the oil and gas market will ultimately depend on how quickly governments move to contain the coronavirus outbreak, how successful their efforts are, and what lingering impact the global health crisis has on economic activity.
Oil and gas sector is among the eight core industries in India and plays a major role in influencing decision making for all the other important sections of the economy.
India’s economic growth is closely related to its energy demand, therefore, the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment.
The Government has adopted several policies to fulfil the increasing demand. It has allowed 100 per cent Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products and refineries among others.
To discuss about the current scenario in Oil and Gas sector, IOD is organizing a Webinar on "Directors' Direction for Sustainability amid Pandemic" on Thursday, 8 October 2020 at 03:00 PM onward to provide an assessment of the impact of Covid-19 on the Oil and Gas sector in the country.
Silver Partners
Petronet LNG Limited formed as Joint Venture Company (JVC) has 50 % share-holding of leading 4 Oil & Gas PSUs viz. Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited each having an equity of 12.5%, totalling to 50% PSU’s shareholding. It is an independent Board managed JVC created for development of facilities for the import, storage and regasification of Liquefied Natural Gas in the country.
The Company was incorporated on April 2, 1998 for the setting up LNG import, storage and regasification of Liquefied Natural Gas (LNG) in the country. With an Authorized Capital ? 3000 Crores & Paid up capital ? 1500 Crore.
Indian Oil Corporation Limited (IndianOil) is one of India’s largest commercial enterprises and the country’s flagship integrated and diversified energy major. The Company’s philosophy is embedded in the principles of strong customer connect, quality consciousness and transparency, where energy is tapped responsibly and delivered to the consumers most affordably.
Guided by the corporate vision to establish itself as ‘a globally admired company’ and energised by a committed team of 32,998 high-calibre people, IndianOil’s business interests encompass the entire hydrocarbon value chain – from exploration & production (E&P) of oil & gas, refining, pipeline transportation and marketing to natural gas, petrochemicals, alternative energy sources and globalisation of downstream operations.
IndianOil accounts for the largest market share of India’s petroleum products consumption, with domestic sales of 78.54 million metric tonnes (MMT) in 2019-20. In addition, the Company achieved sales of 4.72 MMT in natural gas and 2.08 MMT in petrochemicals.
Driven by state-of-the-art technologies and cutting-edge R&D, IndianOil became the first oil PSU to fully transition from BS-IV automotive fuels directly to the world-standard BS-VI fuels, right from its refineries to the pump nozzles of its fuel stations across the country, on March 16, 2020, a full fortnight ahead of the April 1, 2020 deadline.
As part of its ongoing efforts to harness renewable energy, the Company has converted nearly 2,500 more of its fuel stations to operate on solar energy during 2019-20, and their total number is now at a record 16,678 (57.3% of the retail network). IndianOil has set up over 50 battery charging/swapping stations for use of electric vehicles in partnership with various companies.
IndianOil’s R&D Centre is driving efforts to recycle single use plastic in road construction – by mixing waste plastic in the bituminous mix for laying roads. The durability of such roads is being monitored jointly with the Central Road Research Institute. The R&D team has also conceived a host of other technology pathways to up-scale non-recyclable plastics into value-added products.
The year 2020 is being observed as the Year of Digitalisation at IndianOil in recognition of Information Technology (IT) as the backbone of the Company’s countrywide business operations. Coupled with workflow process automation, Industry 4.0, analytics, machine learning and mobility proliferation, digitalisation, or IT enablement, is transforming the Company’s business operations in line with the changing times and enabling it to emerge as the enterprise of the future.
Bharat Petroleum Corporation Limited (BPCL) came into existence in January, 1976 when Burmah-Shell was taken over by the Government of India. A Fortune Global 500 Company, BPCL is one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. BPCL has attained the coveted Maharatna status, joining the elite club of companies enjoying enhanced financial autonomy and other decision making authorities.
BPCL’s Refineries at Mumbai and Kochi, subsidiary Numaligarh Refinery Ltd. at Assam and joint venture Bina Refinery at Madhya Pradesh have a combined refining capacity of over 40 MMTPA. While BPCL’s upstream subsidiary, Bharat PetroResources Ltd. has acquired participating interests in 27 oil & gas blocks in India and abroad, BPCL’s gas subsidiary, Bharat Gas Resources Ltd. has been granted authorization to expand its City Gas Distribution network to 17 Geographical Areas.
BPCL markets its products through a robust marketing and distribution network comprising 16,250 Retail Outlets, 6,110 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 52 LPG Bottling Plants, 58 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.
During the year 2019-20, BPCL’s gross revenue from operations stood at Rs.3,27,581 crores, net profit at Rs. 2,683 crores, market sales were 43.10 MMT and market share amongst public sector oil companies was 24.5%. The products have a wide range of applications in industrial, transport, power and agriculture sectors. BPCL has formed 24 joint venture companies covering refining, city gas distribution, renewable energy, pipelines, gas, into-plane servicing, airports, payment banks etc. to cater to the diverse requirements of its customers.
BPCL’s next 5 year strategic roadmap, which will entail investments of over Rs 1 Lakh crores, focuses on creating infrastructure, customer centricity through service models and enhanced fuel offerings, enhancing the petrochemicals portfolio, establishing a global footprint in downstream retailing, developing renewable energy sources, inclusive growth, reducing the carbon footprint etc. As a good corporate citizen, BPCL’s thrust is primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, BPCL’s vision is to be the most admired global energy company leveraging talent and technology.
Indraprastha Gas Limited (IGL) is an India-based city gas distribution company. The Company's business consists of sale of natural gas. The Company is focused on industrial and commercial business. The Company supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to the domestic, industrial and commercial sectors in Delhi and the National Capital Region (NCR). The Company offers PNG, which includes methane-CH4, as well as other hydrocarbons. The Company offers CNG, a gaseous fuel that includes a mixture of hydrocarbons, primarily methane. The Company has approximately 340 CNG stations spread all around the National Capital Territory of Delhi and in NCR. The Company provides PNG connections to over 6.36 lakhs domestic households, and approximately 2,630 commercial and industrial customers.
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