Indian Institute of Petroleum and Energy (IIPE), is a Petroleum University established in 2016, in Visakhapatnam, Andhra Pradesh. IIPE is at par with IITs and IIMs, offering undergraduate courses in Petroleum and Chemical Engineering. Recently the Parliament has passed Indian Institute of Petroleum and Energy Bill, 2017 which has declared the institute as an institution of National Importance. The university has been allotted 210 acres (85 ha) of land in Vangali Village, near Sabbavaram mandal, Vishakhapatnam. IIPE has collaborated with oil majors like HPCL, IOCL, ONGC, GAIL, OIL, OIDB, BPCL, and the Ministry of Industry and Commerce and with an academic mentorship from IIT-Kharagpur till now. The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan launched the website of Indian Institute of Petroleum & Energy (IIPE), Visakhapatnam on 27 May 2016. The first batch of Petroleum and Chemical Engineering commenced from the first week of August 2016. As of now, the maximum intake capacity for each course is 60 seats.

B.Tech (Petroleum Engineering)
Petroleum engineering is the branch of engineering with a primary focus on the exploration and production of oil & gas. The objective of the program is to prepare graduates for professional practice in the industry in the field of petroleum engineering technology with an emphasis on upstream activities that encompass exploration, reservoir, and production. The program intends to create technical professionals who are fit to take on engineering responsibilities across the entire value chain in the Oil & Gas Industry a specialization that has seen growing demand in recent years. The program is designed to develop skills and understanding in the fundamental aspects of petroleum engineering and apply best global practices in the oil & gas sector fields of natural gas processing, gas transportation, and gas utilization techniques.

B.Tech (Chemical Engineering)
The program aims to develop competent chemical engineers with a specific emphasis on industry-centric talent requirements. The program plans to expose the students to the fundamentals of Chemical Engineering and instill innovative thinking to solve the problems related to energy, environment, etc. This program intends to create professionals who can fit in well in a dynamic sector where they come across various technological advancements. During the course, emphasis will be laid to foster students' ability to deal with complex problems in multidisciplinary situations.

Admission Criteria

• A candidate should have cleared JEE Advanced to seek admission in IIPE.
• Along with IITs and RGIPT, IIPE takes admissions on the basis of ranks in JEE Advanced.
• The candidate should have 75% minimum aggregate marks (70% in case of SC/ST/Physical Disability) in class 12th or equivalent.

MoU

• IIT Kharagpur will be playing a role of a mentor for IIPE till 2019. The institute will be guided through the admissions, student registrations, forming academic regulation, curriculum, and faculty related disciplines of Petroleum and Chemical Engineering.
• Andhra University will be helping the deemed university with the infrastructure and resources. Since the construction of the new campus will take five to six years it will be a temporary campus. The first batch that is started in the first week of August will have their classes in Andhra University's main building, College of Engineering. The students will have full access to their facilities and resources like laboratories, e-library, Wi-Fi, etc.
• The University of Houston recently signed a memorandum of understanding (MoU) with the Indian Institute of Petroleum and Energy (IIPE). The aim of this MoU is to build scientific and technical knowledge through joint research, as well as equip students at both institutions with skills and knowledge so they are able to compete in the dynamic energy industry.
• Academic MoU has been signed between Texas A & M University, USA and IIPE. The primary objectives are to promote interaction and collaboration between faculty, staff, and students of the two institutions through visits and faculty exchange programs, carry out academic and research programs, joint monitoring of students. The relationship also aims at enhancing the technological, social and cultural bondage between two Nations.

(Source:- https://en.wikipedia.org/wiki/Indian_Institute_of_Petroleum_and_Energy)