Policy
Looking For Refineries To Process Russiaís Share of Iranian Crude
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Significance Of UAE Crown Prince Forthcoming Visit To India
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Partnerships To Be Key In Mexicoís Exploration Round
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GAILís LNG Carrier Tender Cancellation A Blessing In Disguise
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Actual New LNG Import Terminals May Be Limited
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Regulation
Will BP-RIL Bail Out Niko Resources By Acquiring Its Stake?
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ONGCís Work-over Operations Raise Production 10537 TPD
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ONGC Holds Key To Resolving Tussle Over PY-3 Operatorship
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How To Raise Natural Gasí Share In Indiaís Energy Mix?
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Alternative Energy / Fuel
A Nagpur Company Develops Bio-CNG
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New Projects
L&T Ties Up With Japanís Chiyoda
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WorleyParsons Gets EPCM Service Contract
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MOL To Operate RILís Ethane Crystal
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Market Watch
3019 MW Of Solar Energy Capacity Added In 2015-16
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Companies
JayBee Energy (P) Ltd.
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RIL And GE Come Together
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Petronas Renewed Interest In Indiaís LNG Market
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HPCL Seeks 25 % Stake In West Coast Refinery
more...


Cranemaster Partners With Unique Group
more...

Press Release [FREE Access]
Latest Exclusives
December 2, 2016: Petrotech conference seldom leads to signing of deals, but it has a significance of its own as it attracts representatives from companies the world over. India has been organizing Petrotech conferences over the last two decades, but Petrotech-2016 is different from its predecessors. What precisely makes it different? Click column IOG Exclusive for details.

December 1, 2016: Reliance Industries Ltd (RIL) has sought access to LPG pipeline which Indian Oil Corporation is laying between Gujarat and Uttar Pradesh. Normally, it should not be difficult as the new pipelines are mandated to be on common carrier basis. But co-existence between PSUs and private players in projects are not all that easy in India. IOC is the largest oil marketing company and RIL the largest private sector company. IOC is yet to respond to RIL’s offer. Click column Special Reports for details.

November 30, 2016: Is natural gas becoming unaffordable for the power sector in India? An analysis of the trends in consumption leads to such a conclusion. Over the years, the share of power sector in the total gas consumption has been falling. So has been the case with sponge iron and steel. Fertiliser, CGD, refineries and petrochemicals have been increasing their share in gas consumption. Click column Gas Scene for details.

November 29, 2016: Use of LPG for the automotive sector began more than a decade ago, but its growth has been very slow. In comparison, the use of CNG for the automotive sector has been making rapid growth. All the three state- owned Oil Marketing Companies such as IOC,BPCL and HPCL operate LPG dispensing stations in almost all states but together they add up to only 677 stations so far. Click column Special Database for details.
November 24, 2016: As expected, RIL and its partners have served an arbitration notice on the government over the $1.55 billion compensation for the gas migrated from ONGC’s blocks to RIL-operated KG D6. This is a test case for Prime Minister Narendra Modi and RIL supremo Mukesh Ambani. The speed and the efficiency with which the gas migration issue was taken to a logical conclusion would not have been possible without Narendra Modi’s interest, perceived or direct. But the edging out of ONGC at the eleventh hour from its legitimate claim for the compensation and making it a battle between RIL and the government to enable PSC provisions to be invoked has created doubts that someone within the government played a deceptive role to help the operators. Could be true , but this cannot be with Narendra Modi’s approval. The fielding of DGH which allegedly played a collusive role in the entire gas migration saga to counter ONGC before the A.P. Shah Committee and the subsequent exercise of calculating the compensation by it did not go well with the enlightened section of the petroleum industry. The battle, however, is going to be exciting. Click our Free Access column Petro Intelligence for details.
Today's News [FREE Access]
Increasing crude prices: Indian oil industry chooses to wait and watch
December 3, 2016: With global crude oil prices suddenly rising in the last two days, the Indian oil industry is choosing to the ‘wait and watch’, for now. India should brace for a much higher import bill with American investor and famed commodity expert Jim Rogers predicting that crude oil prices may reach $60 a   more..


Petroleum ministry finalises blocks for HELP rounds
December 3, 2016: In preparation to the upcoming Hydrocarbon Exploration and Licensing Policy (HELP) rounds, the ministry of petroleum and natural gas has completed the process of finalising the blocks that shall be put up for bidding. HELP is the successor of the previously implemented New Exploration and Licensing Policy   more..


BPCL to increase naphtha exports from Kochi in 2017 with refinery upgrade
December 3, 2016: India's state-run Bharat Petroleum Corp. Ltd. is set to boost its naphtha exports next year with the completion of expansion works at its Kochi refinery to 15 million mt/year from 9.5 million mt/year, scheduled around the first quarter, industry sources said this week. The expansion is expected to   more..


Jindal Drilling slips as arbitration award passed against company
December 3, 2016: Jindal Drilling & Industries slipped 6% to Rs 174 on the BSE in noon deal trade after the exploration & production firm said an arbitration award has been passed against the company to make payment of $31.8 million by way of damages. “An arbitration award has been passed against the company to   more..


CCI okays Essar Oilís $13-bn deal with Russiaís Rosneft
December 3, 2016: The Competition Commission of India (CCI) has given its go-ahead for the $13-billion (R 861,000 million) deal by Ruias’ promoted Essar Oil to sell its 98% stake in its flagship 20-million-ton-per-annum refinery to a consortium led by Russia’s state-owned energy giant Rosneft along with   more..


Vallianz Holdings facing 2 foreign lawsuits related to Swiber
December 3, 2016: CATALIST-LISTED offshore-support vessel provider Vallianz is facing two lawsuits from overseas in relation to distressed offshore and marine company Swiber Holdings that may involve more than S$10 million in total. In a filing after market close on Friday, Vallianz said that it is facing a suit from India   more..


Wipro Wins Infrastructure Deal from Australia-based Oil and Gas Company, Woodside
December 3, 2016: BANGALORE, India & EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it has been awarded a three-year IT infrastructure services and digital   more..


Global Crude oil price of Indian Basket was US$ 50.27 per bbl on 1st December, 2016
December 3, 2016: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.27 per barrel (bbl) on 1st December, 2016 . This was higher than the price of US$ 45.83 per bbl on previous publishing day   more..

Petropulse / Guest Column
Evolution Of KG Basin Scam
Bhamy V Shenoyby Bhamy V. Shenoy1* 1993: Upstream regulator Directorate General of Hydrocarbons is established. more...

IOG Exclusive
Russian Presence Enhances Importance of Petrotech - 2016
December 2, 2016: A major attraction of the Petrotech -2016, beginning in New Delhi on December 5, is that it will be attended by a large contingent from Russia.   In the past , Russia shied away from the Petrotech conferences . According to sources, the Russian team will have quite a few members from the more...

Role of diplomacy in oil field auction
November 23, 2016: Participation of Hardy Oil and Gas in India's oil field auction has come as a pleasant surprise to many in the industry. Hardy which shut down the PY-3 field Cauvery Offshore in July 2011 has been facing problems with the government and partners in reviving production. Its participation more...

Cairn India Still Wrestling With PSC Extension, Tough Conditions Likely
Anil AgarwalNovember 9, 2016: Anil Aggarwal-controlled Cairn India finds that Ministry of Petroleum and Natural Gas (MoPNG ) is no mood to speed up the decision on extension of Production Sharing Contract (PSC) for more...

Will ONGC, RIL Get Any Share from Compensation Amount For Migrated Gas?
October 4, 2016: RIL, the operator of KG D6 block, conceded the merit of compensation for the gas it produced from the two adjacent blocks belonging to ONGC in the KG basin when it argued before the Shah Committee that it is entitled to recover the production cost. This indicates the willingness of RIL for a settlement, but more...

Can DGH Alone Handle Delicate Task Of Calculating Compensation For Migrated Gas?
October 3, 2016: Petroleum and natural gas minister Dharmendra Pradhan has gone on record stating that the Directorate General of Hydrocarbons (DGH), the technical arm of the ministry which functions as the upstream regulator will calculate the compensation for the gas migrated from ONGC’s blocks in KG basin to more...

India May Resort To Swapping Its Crude & Gas From Overseas Assets
September 30, 2016: In the late 1960s and 70s, India’s rupee trade with the erstwhile Soviet Union was the single biggest factor influencing its foreign trade. The foreign exchange-starved India depended on Soviet crude and wheat to stave off balance of payment crisis. The Soviet Union used to supply two more...

Indian firms continue to look at Russiaís oil and gas fields
August 4, 2016: In view of the current Indian interest in Russia, driven no doubt by both relatively low crude oil prices resulting in lower asset valuations as well as a relatively cheaper Rouble, Indian companies in recent times have been making moves in Russia. Flagship PSU ONGC Videsh Ltd (OVL) has more...

Mega merger of PSU oil firms may not be a great Idea
July 27, 2016: The Government is reportedly considering a proposal for a rather ambitious plan to merge as many as 13 PSU petroleum sector firms to create a single integrated entity that could be one of the largest companies in the world, perhaps competing with the US conglomerate General Electric in the Fortune-500 ranking. more...

News from Brazil not that good for Indian consortium
July 8, 2016: Recent news from Brazil is none too good for the Indian consortium that is working with the Brazilian National Oil Company (NOC) Petrobras. After a massive corruption scandal and other issues engulfed the Brazilian firm, now apparently it has intimated the Indian partners of a large delay in one of the blocks more...

Special Reports
RIL seeks access to IOC LPG pipeline, could be win-win butÖ
December 1, 2016: India’s largest private sector company, Reliance Industries Ltd (RIL) has sought open access to the upcoming LPG pipeline which public sector firm Indian Oil Corp (IOC) is laying from Gujarat to Gorakhpur in eastern Uttar Pradesh. This would be India’s longest LPG pipeline, surpassing the one more...

Indiaís Oil and Gas Field Auction - An Exclusive Picture About All The Bidders
November 22, 2016: Government of India's oil and gas field auction concluded on November 21 has turned out to be a success in terms of response from companies within the country. The most positive aspect is that the auction attracted quite a few new players into the oil and gas sector. Some of these are solid companies with more...

GSPC seeks partners for onshore blocks, timelines appear aggressive
November 15, 2016: The Gujarat state PSU Gujarat State Petroleum Corporation (GSPC) is seeking partners for its onshore oil and gas blocks-said to be nearly 20 in number. This comes on the heels of news that it wishes to rope in flagship PSU ONGC to manage its KG Basin ‘Deendayal’ discovery. GSPC more...

Hardening Crude Prices Can Create Difficulties For Government
November 7, 2016: India’s finance minister Arun Jaitely had an extremely comfortable period since assuming charge a little over two years ago. The fall in crude price from a high of $ 132 to a low $28 a barrel happened during this period. India imports 80 per cent of its crude requirement and this has more...

Low Crude Oil Prices boost Indiaís Refineries fortunes
October 19, 2016: The precipitous fall in crude oil prices - from $106 a barrel in July 2014 to $42 per barrel in September 2016 may have dealt a hard blow to India’s offshore and onshore oil explorers –ONGC, OIL India and Cairn India -but India’s state owned refiners – Bharat Petroleum Corp. Ltd more...

Completion of Essar Oil sale seems a Win-Win
Shashi RuiaOctober 17, 2016: In a major development, it appears that the Ruias promoted Essar Group has finally sealed the deal with Russia’s Rosneft and a couple of other partners-Trafigura and United Capital more...

Long way to go for refinery in Sri Lanka
October 14, 2016: Sri Lanka wishes to build a second refinery in that country with a capacity of more...

Views
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...

Personalities
Rajiv Kumar Gupta Appointed Anti-corruption Officer In Oil India Ltd
Senior bureaucrat Rajiv Kumar Gupta was appointed as Chief Vigilance Officer (CVO) in Oil India Limited. A CVO acts as distant arm of Central Vigilance Commission to check corruption. Gupta, a 1988 batch officer of Indian Forest Service of union territories cadre, has been appointed to the post for more...

Indian Petro Scene - In a Nutshell
Vast areas of India’s sedimentary basins remain unexplored. The exceptional discoveries of oil and gas in recent years have placed India firmly on the global oil and gas map and brought about a  paradigm shift in the minds of potential investors in the upstream sector in India. India imports more than 70 per cent of its crude requirement which is the single biggest item of foreign exchange outgo. But at the same time petroleum exports constitute the country’s single largest item of foreign exchange earner. Till about 12 years ago, the petroleum sector was almost totally controlled by national oil companies. Today, there are many players both in the upstream and downstream sectors. Indian oil scene looks vibrant.

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Petro Intelligence [FREE Access]
Gas Case: Risks Of Tangling With Modi
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Gas Migration: Arbitration A Red Rag For Modi Govt
more...

Gas Business: Fogged Up In Regulatory Mess
more...

Gas Scam Credit: Sarraf And Verma Must Divide The Honours
more...

Foreign Investment
H-Energy Signs MoU With Korea Consortium
more...

Overseas Investment
OVL-Sinopec JV To Bid For Oil & Gas Blocks In Colombia
more...

Gas Scene
Trend in sectoral consumption of natural gas in India (MMSCM)
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Gas Share Growth - Some International Examples
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CNG Sales
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Update: CNG Price vs. Petrol/Diesel Price Delhi (as of Oct 4th, 2016)
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Update: Growth in CNG-Stations/Vehicles
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Update: CGD Factsheet as of Sept. 2016
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Status of ONGCís CBM Asset
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Natural Gas net availability
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Update: International Gas / LNG Prices
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Update : Gas Production, Consumption & Imports
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Ultimatum from Iran on Farzad-B block not unexpected
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Hope & Challenge Of Modiís Integrated Gas Project
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Update: Coal Bed Methane (CBM) Gas Development
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Natural Gas price decrease throws up questions
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A Bold Step Towards Creation Of National Gas Grid
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Demand and Availability of Natural Gas for the next five years
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
No Of Auto LPG Dispensing Stations
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Break-up of marketing infrastructure as on October 1, 2016
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Update: LPG Consumption (April - September 2016)
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ONGC: Plan Outlay Utilisation 2015-16
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Update : Crude price (Indian basket)
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ONGC notifies 7 discoveries, Commerciality To Be Assessed
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Characteristics of Major Indian Crudes
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Refinery-wise Production of Wax and Effect of Wax in Crude & its Products
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Oil Import - Volume and Value
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Update: High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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GRMs Of Indian Refineries In Q1 Of FY 2016-17
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Updated Customs and excise duty rates on petroleum products as on 1st March 2016
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Self sufficiency in petroleum products
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Dealerís commission on petrol & diesel
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Contribution of petroleum sector to State Governments
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Contribution of petroleum sector to Union Government exchequer
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PAT of OMCs, Standalone Refineries, Consultancy & Private Players
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Tenders [FREE Access]
ONGC
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