Oil and gas sector drives the energy need of the nation. It is mainly divided into off-shore and on-shore. Off-shore activities mainly include exploration of crude oil from oil wells in the deep sea and rivers.
On-shore activities mainly include refining of crude oil into different products like petrol, diesel, Kerosene, LPG and Industrial Fuels like furnace oil and bitumen etc. and marketing of these petroleum products.
Petroleum products are supplied from refinery to petroleum depots and installations through pipelines and railway wagons. Depots and installations are spread over Pan India. These depots and installations supply products to petrol pumps from where we get petrol and diesel.
Similarly, bulk LPG is supplied to bottling plants through bullet trucks. Cylinders are filled at these bottling plants and then supplied to households.
Majority of oil and gas companies in India are Public Sector Undertakings (PSU) controlled by Government of India. They provide excellent career opportunities to incumbents. Mainly recruitment is done through campus interviews and also through interviews based on GATE score.
These companies also provide business opportunities to many raw material suppliers. Top oil and gas companies in India are discussed below.
a. Crude Exploration Companies –
1. Oil and Natural Gas Corporation Limited (ONGC) –
Oil and Natural Gas Corporation is a Maharatna PSU which is ranked as top energy company in India, 5th in Asia and 21st in the world. They are mainly engaged in exploration of crude oils.
ONGC has discovered 6 basins out of 7 basins in India which produces crude oil. They produce around 70 percent of the India’s crude oil and meet 30 percent crude demand of India. ONGC has more than 32000 employees and ranked as one of the best employers in India.
ONGC had turnover of Rs.83888 Crores and net-profit of Rs.22094 Crores for the financial year 2013 -14.
2. Oil India Limited (OIL)
Oil India Limited is the sector largest PSU in the category of exploration of crude oils. It is a Navratna Public Sector Undertaking of Government of India. It also provides excellent career opportunities to individuals and business opportunities to vendors.
Oil India Limited had turnover of Rs.9612 Crores and net-profit of Rs.2981 Crores for the financial year 2013 -14.
3. Cairn India Limited
Cairn India Limited is a private company engaged in exploration of crude oils in India. It takes care of around 25 percent of India’s crude oil production.
It is operating for more than 20 years in India. Cairn India Limited was successful in getting onshore crude oil at Rajasthan in 2004. Cairn India is a part of Vedanta Group which is a global company diversified into natural resources.
Recently, Reliance Industries Limited (RIL) also forayed into exploration of crude oils.
b. Crude Refining and Petroleum Marketing companies –
1. Indian Oil Corporation Limited ( IOCL)
IOCL is largest company of India with a turnover of Rs. 4, 57,553 Crore and profit of Rs 7,019 Crore for the financial year 2013-14. It is Maharatna PSU of Government of India.
It is ranked on 96th position in Fortune Global 500 list. It has a market share of around 49 percent of petroleum products in India. It has more than 36000 employees. Indian Oil has 9 refineries in India. It has a huge network of petrol pumps and LPG distributors.
2. Bharat Petroleum Corporation Limited ( BPCL)
BPCL is the second largest refining and marketing of petroleum products in India. It is a Navratna company of Government of India. It has 4 refineries and widespread network of petrol pumps and LPG distributorships.
It is a Global Fortune 500 company. BPCL has a market share of around 29 percent of petroleum products in India. It has more than 14000 employees
BPCL had turnover of Rs.2,59,933 Crores and net-profit of Rs.4,060 Crores for the financial year 2013 -14.
3. Hindustan Petroleum Corporation Limited ( HPCL)
HPCL is a Navratna PSU of Government of India engaged in refining and marketing of petroleum products. It has 3 refineries and wide network of petrol pumps and LPG distributors.
It is also Fortune Global 500 Company. HPCL has a market share of around 25 percent of petroleum products in India. It has more than 11000 employees and also provides aspiring career opportunities to incumbents.
HPCL had turnover of Rs.2, 24,245 Crores and net-profit of Rs.1,733 Crores for the financial year 2013 -14.
4. Reliance Industries Limited
Reliance Industries Limited (RIL) is the largest private company in India engaged in diversified businesses. It has largest refinery in the world at Jamnagar, Gujarat.
It has around 2000 petrol pumps. But, they were not operating due to subsidy on fuels. They are expected to start soon as Diesel is decontrolled by government.
5. Essar Oil Limited
Essar Oil Limited has a refinery at Vadinar, Gujarat. It has some petrol pumps. But, they also were not operating due to subsidy on petroleum products. They are also expected to get revamped soon due to de-regulation of diesel prices by government.
Indian petroleum market is largely controlled by PSU companies. But, due to current de-regulation, private players like Reliance, Essar and Shell will also be aggressive in marketing the petroleum products.
Hence, PSU companies are expected to get good competition from private players in the coming future.