In the oil industry, we had two societies namely Petrotech Society and Petroleum Federation of India (PetroFed). The Petrotech Society was conceptualized in 1993 and its biennial International Oil & Gas Conference & Exhibition, Petrotech was launched in 1995. Petrotech Society has also been holding regular national/international conferences, seminars and study tours in India and abroad for regular exchange of information for the benefit of oil & gas industry. The Petroleum Federation of India (PetroFed) was registered in 2002 with a wide range of activities which include lectures, workshops and seminars to promote the interest of the petroleum industry besides maintaining a healthy and strong interface with Government, legislative agencies and regulatory bodies. In an effort to give impetus to the Indian Hydrocarbon sector, a major historical announcement was made on 7 December, 2016 about the amalgamation of two important entities in the sector namely Petroleum Federation of India (PetroFed) and Petrotech Society. The new body named ‘Federation of Indian Petroleum Industry’ (FIPI) is expected to be better placed to serve as a strong facilitator of continuous dialogue between various stakeholders of the upstream, midstream & downstream sectors of the Indian petroleum industry including global suppliers, technology providers, service providers, academic entities and relevant agencies for protecting and upholding the interest of Indian petroleum industry. For details visit website: www.fipi.org.in