Policy
OPEC Poised To Lose Complete Control Over Oil Market?
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India Flooded With LNG Supply Offers, Unable To Strike Deals
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Iran Deal May Not Hold Any Major Gains For India
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India May Continue To Look At Mexico Despite Setback To OVL
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India Holds Key To Iran-Pak Gas Pipeline Becoming A Reality
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Regulation
D&M Report On ‘Stolen Gas’ Under Active Consideration
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IHS Energy Calls For Better Adherence To PSC Sanctity
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Upstream Oil and Gas Sector Continues To See Many Disputes
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Regulator’s Selection & Role Call For Rethinking
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Alternative Energy / Fuel
First Solar Begins New Innings In India
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Air Products' Commissions India's First Renewable Hydrogen Fueling Station
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New Projects
Oil Jetty At Paradip Commissioned
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BG-led Consortium Commissions Mukta-B Installation
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PMT JV To Decommission 5 Well Head Platforms
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Black & Veatch Wins Indian Oil EPC Contract For Ennore LNG Terminal
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IL&FS Engineering Commissions Halol Godhra Dahod Pipeline Project
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IndianOil To Set Up A Acetic Acid Plant
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Market Watch
Tide Water Oil Eyes Overseas Markets For Lubricants
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GAIL Invites Bids To Sell US LNG
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Companies
IHS Inc
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ISPRL Receives Second Consignment
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IGL Raises Stake In MNGL To 50%
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BPCL To Expand Bina Oil Refinery
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Oilex Provides Cambay Field Production Update
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Royal Dutch/Shell Reopens 77th Petrol Pump In India
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Essar Oil Gets BSE Nod For Delisting
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Aegis Logistics Allotted Land In Haldia Port For Terminal
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Press Release [FREE Access]
Latest Exclusives

August 3, 2015: India’s natural gas pipelines are half empty with their capacity utilization remaining below 50 per cent. This is despite the fact that vast areas of the country are still untouched by gas pipelines. There is not sufficient gas to feed even the existing ones. Will the Jagadishpur-Haldia pipeline be different? Click Column Special Reports for details. 


July 31, 2015: India's ONGC Videsh Ltd (OVL), the fully-owned subsidiary of upstream major ONGC, produces oil and gas overseas. How does its overseas production compare with that of domestic oil and gas production? Click Column Special Database for details. 


July 30, 2015: Oil rich Kuwait, a significant supplier of crude, has been tantalizing India with offers of investment. At one stage, Indian Oil Corporation, almost negotiated a deal for its Paradip Refinery. But nothing materialized so far. Now Kuwait has shown interest in investing in ONGC-promoted OpaL. Will it happen? Click Column Special Reports for details.
July 29, 2015: Re-gasification Infrastructure sector in India presents a confusing picture. So many terminals have been proposed by private and public sector players. But how many of them will become a reality is still a subject of speculation. For any calculation on the likely re-gasification facility, it is safer to go by the existing terminals and their expansion plans and not the speculative ones. Click Column Gas Scene for details.

July 27, 2015: The next few days are extremely crucial for B.C. Tripathi, chairman and managing director of the state-owned, GAIL. He has to get confirmation as CMD for the extended five-year tenure before July 31. Will he get it?

The fact that he applied for the post of chairman of the downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) has triggered speculation in the industry that there is something brewing. The PNGRB job has been the preserve of the retired IAS officers and they are unlikely to give up their claim. The government can certainly put Tripathi there if it has the political will. But the question is whether he enjoys that much clout with the present political leadership. Click our Free Access column Petro Intelligence to read an interesting piece.

Today's News [FREE Access]
Sanctions off, Iran oil ties get priority
August 3, 2015: Petroleum minister Dharmendra Pradhan is expected to lead a delegation to Iran in the coming weeks to scout for opportunities in oil and gas, following the end of sanctions on Tehran by the West. The talks will cover the development of the Farzad-B field, revival of the Iran-Pakistan-India gas pipeline and the   more..


Indian Oil, Hindustan Petroleum, Bharat Petroleum may soon let anyone open petrol pump
August 3, 2015: Anyone wanting to own a petrol pump will soon be able to do so at a place of his choice without having to be particularly lucky in a long-drawn system or being born in backward caste. The government is considering a proposal to offer state-run fuel retailers the freedom to allocate dealership to anybody   more..


Production from GSPC fields in KG basin faces delay
August 3, 2015: Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin. The Gujarat State Petroleum Corporation (GSPC) started "trial production of gas from the field on August 4, 2014, but   more..


We can process 170 types of crude oil today
August 3, 2015: Indian Oil Corporation is looking at a rather strong first quarter on the back of a consistent domestic retail fuel pricing policy by the government, low oil prices and its own financial jugglery. With better gross refining margins, upgrading of existing refineries, the setting up of a new one (Paradip), and a   more..


ONGC Videsh names Sudhir Sharma as Director (Exploration)
August 3, 2015: ONGC's overseas investment arm ONGC Videsh announced the appointment of Sudhir Sharma to the board of the company as the Director (Exploration). Sharma has worked for over three decades in various domestic and overseas capacities in ONGC Videsh. He was most recently the Country Manager and Legal   more..


Ved Prakash Mahawar takes over as ONGC director
August 3, 2015: Ved Prakash Mahawar today took over as Director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC). "As Director (Onshore), a board level position, he will be directly looking after all the onshore operations spread across the country which significantly contribute towards ONGC's overall   more..


Promoting Petroleum – Sri Lanka Mulls National Oil & Gas Company
August 3, 2015: Sri Lanka’s Power and Energy Ministry is to set up a national oil and gas company to exploit offshore natural gas deposits found in the Mannar Basin. Minister of Power and Energy Patali Champika Ranawaka in an interview with The Sunday Leader said that the government was of the view that harnessing   more..


Vedanta Resources plc Rating Reiterated by Canaccord Genuity
August 3, 2015: Vedanta Resources plc's stock had its “hold” rating reissued by equities researchers at Canaccord Genuity in a report issued on Friday, Market Beat reports. They currently have a GBX 620 ($9.62) price objective on the stock. Canaccord Genuity’s target price points to a potential upside of   more..

Petropulse / Guest Column
One Year Of Modi-led Government And The Ambani Factor
Mukesh AmbaniThe Modi-led NDA government has completed one full year in office. Scores of articles have been written assessing the government’s performance based on all kinds of relevant and irrelevant more...

IOG Exclusive
IHS Energy Advises Govt. To Accelerate Oil & Gas Discoveries Into Production
July 22, 2015: IHS says given the magnitude of the oil and gas sector impact on the growth of the overall economy, the current state of the Indian E&P sector requires a re-think of appropriate policies tailored to reflect and respond to its present status of a net energy importer. This re-think is required to drive the more...

TAPI and other cross-border pipeline projects unlikely to see light of day in near future
July 16, 2015: While the Prime Minister may have made stopovers at several of the former Soviet Union countries, energy projects between India and these countries still seem a fair distance away. Besides a few projects in energy-rich Kazakhstan, one project that has consistently been in the news has been the proposed natural more...

LNG shipping tender indicates the truth of the saying ‘Many a Slip between the Cup and the Lip’
July 13, 2015: Reality has struck home regarding the objective of constructing LNG ships in India, which was an initiative promoted as part of the Prime Minister Narendra Modi’s ‘Make in India’ program. Under this, the Government pushed its primary natural gas marketing and transportation PSU GAIL (India) more...

Chennai Petroleum Corporation – a BIFR case
June 29, 2015: It would appear that Chennai petroleum Corporation has not benefitted by becoming a subsidiary of Indian Oil Corporation as it has made losses for three consecutive years and is in danger of becoming a BIFR case. Chennai Petroleum Corporation had been consistently making profits till March 2011 more...

ONGC Videsh reluctant to acquire stake in Kazakhstan’s Abai block
June 22, 2015: It appears that Indian PSU oil explorer ONGC Videsh Ltd (OVL) is not likely to accept a 25 percent stake in the Abai oil block that was earlier offered by the Kazakhstan Government due to the block not being lucrative enough. The matter reportedly was discussed during the ongoing visit of Kazakhstan's more...

ONGC Videsh better off sticking to its line regarding PDVSA payments
June 17, 2015: According to reports, ONGC Videsh Ltd (OVL), the Indian Petroleum and Natural Gas Ministry and Petroleos de Venezuela SA (PDVSA), the Venezuelan state-owned oil firm have been in discussion over a sensitive issue. The issue pertains to the large amount that the South American company owes the Indian firm-more more...

Petronet LNG Ltd Not To Seek Fresh Applications For Selection Of Chief Executive
June 15, 2015: For the first time in its history, PLL is going to have a second round for the selection of its chief executive. In the first round over 60 candidates were in the race out of which 13 were shortlisted. These candidates were interviewed by a three-member selection committee headed by ONGC chairman D.K. Sarraf. more...

India and Russia discuss energy, but with little result likely
June 11, 2015: Indian petroleum and natural gas Minister, Dharmendra Pradhan met with Alexander Novak, the Energy Minister of Russia during the OPEC conference in Vienna. As may have been expected, the Indian Minister stressed on greater energy ties with Russia, which holds one of the largest crude oil reserves in the world more...

SAGE Says Deep Water Gas Pipeline Project from Middle East to India Remains Unaffected
May 27, 2015: The New Delhi-based, South Asia Gas Enterprise (SAGE) which has proposed the subsea pipeline from Oman to transport Iranian gas to India remains confident that the pipeline will not be affected by the UN decision extending the seabed territory of Pakistan by 150 kms. “The pipeline route will more...

Commercial operations of Queensland Curtis LNG project has ramifications for India
May 26, 2015: In a significant recent development, the Queensland Curtis LNG project saw the official start of commercial operations. First production had occurred a few months ago in December, with around 16 cargoes having been shipped to date. The project is one of Australia's largest capital infrastructure projects, more...

Special Reports
Politics and the Pipeline
August 3, 2015: GAIL (India) Ltd, the country’s flagship PSU transporter-marketer of natural gas, has not found the going all that easy in recent times. The volume of gas it has been transporting has been more or less stagnant or has even fallen in some cases (especially the regasified LNG that it has been transporting) more...

Long way to go for Kuwait Petroleum’s possible investment in OPaL
July 30, 2015: Kuwait Petroleum’s subsidiary firm Petrochemical Industries Company (PIC) has reportedly shown interest in acquiring a large stake, perhaps up to 40 percent, in flagship PSU ONGC’s petrochemical company ONGC Petro additions (OPaL) project at Dahej. This comes as the project nears more...

Focus Areas and Specific Recommendations made by IHS Energy
July 28, 2015: Prime Minister Narendra Modi urged Indian companies to reduce import dependency of hydrocarbons. PetroFed, a body of petroleum players, swung into action by commissioning a study on the issue to IHS Energy which picked up four focus areas and made specific recommendations. We have collected the details. more...

PetroFed Takes Up Duel Specification Issue With BIS.
July 15, 2015: An expert group set up the government to recommend road-map for Auto Fuel Vision & Policy 2025 had recommended certain attributes of the fuel. There is no serious differences among experts on implementing the recommendations, but a final decision could not be taken so far. A.K. Arora, secretary general of more...

Increased imports from Nigeria tell a tale
July 1, 2015: In an interesting recent development, Nigeria overtook Saudi Arabia as the largest crude oil supplier to India. Although this pertains to only a month, it was still significant as it was reportedly the first time in at least four years that Saudi Arabia, the world’s top crude exporter, has lost the top more...

Refinery Performance Improvement Program A Success
June 24, 2015: Most of India’s public sector refineries are old which needed to be continuously upgraded in terms of technologies. The Centre for High Technology (CHT) carried out a Performance Benchmarking Study of 15 public sector Refineries through Solomon Associates for two consecutive cycles 2010-11 more...

Will China Support Indian Petroleum Minister Stand On 'Asian premium'?
June 5, 2015: Petroleum and Natural Gas Minister Dharmendra Pradhan made a strong pitch to end the so-called ‘Asian premium’ on crude oil charged by the Middle-eastern producers at the Organization of Petroleum Exporting Countries’ (OPEC) sixth international seminar in Vienna. He more...

Benefits Emergency Pipeline Repair System (EPRS) Model In Indian oil & Gas Market
June 1, 2015: Accidents can and do happen. The potential environmental and financial impact from damaged subsea pipelines requires a critical level of risk management and repair planning. Fifty per cent of onshore and offshore failures in the UK, for instance, are attributed to mechanical more...

PetroFed's Comprehensive Recommendations On Changes Required For Success of Make In India Program.
May 14, 2015: Petroleum Federation of India (PetroFed ) is an effective interface between the petroleum industry and the government. On the advice of the Ministry of Petroleum and Natural Gas , it has made a number of recommendations on the steps to be taken in the petroleum more...

Views
Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on India's 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...

Oil Slick Ahoy! The surge potential of oil prices is hard to assess, but we must prepare for a 10% increase over 2011 levels
The recent surge in crude oil prices is a whollyunpleasant development. Oil prices had increased by 30% in 2010 and by another 40% in 2011. It was a reasonable expectation that in 2012, notwithstanding the slow pace of growth in the developed world and some slowing in growth in the developing world too, oil prices would more...

Personalities
A.K. Balyan Joins Anil Ambani’s Reliance
Dr. A.K. BalyanDr A.K. Balyan, former MD and CEO of Petronet LNG Ltd (PLL), has joined Anil Ambani’s Reliance as CEO (Oil and Gas). He left PLL on July 15 after completing his five year term. Anil Ambani group more...

Shashi Shanker Reinstated As ONGC Director
Shashi ShankerMinistry of Petroleum and Natural Gas has revoked the order of suspension of Shashi Shanker, Director (T&FS), ONGC with immediate effect. Shashi Shanker has resumed the official functions more...

Director for Petroleum Technology Institute Sought
THE Rajiv Gandhi Institute of Petroleum Technology (RGIPT) set up by the Ministry of petroleum and Natural Gas has invited applications for the post of Director from candidates possessing PHD in Petroleum or Chemical engineering or Geology or Mechanical or Industrial engineering and having proven administrative, teaching and research experience 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]
Regulatory Role For Tripathi?
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Three Blind Mice In The Qatar Deal
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Whisky On The Rocks?
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RasGas Deal: Wrestling With A Knotty Pricing Issue
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Foreign Investment
Rosneft Signs Deal To Take A 49% Stake In Essar Oil
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Overseas Investment
OVL Seeks Extension Of Vietnam Block Licence
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Gas Scene
Actual Re-gasification Capacity Available
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Lack Of Storage Facilities In Indian Gas Market
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Gas Pipelines under execution / construction
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Status of PNG connections and CNG stations across India
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IGL Wins Battle Over Right To Fix Retail Prices Of CNG, PNG
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Projected Year-wise And Sector-wise Demand For Natural Gas
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Trends In Natural Gas Consumption In India
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State-wise Natural Gas Production Trends (MMSCMD)
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Some notable facets of IOC’s recent interim LNG purchase agreement
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Andhra Govt’s move to exempt LNG from VAT welcome
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Unbundling Of Transmission & Marketing Of Gas Business Still a Dream
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Gas Delivery Infrastructure
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Natural Gas Allocation Priorities
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History Of Gas Pricing In India
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Declining Share of Natural Gas In India’s Primary Energy Mix
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City Gas Distribution (CGD) Infrastructure, 300 More Cities Being Identified
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List Of Planned RLNG Terminals
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LNG Regasification Infrastructure
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Preconditions for Effective Gas-on-Gas Competition
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Region-wise share in gas consumption and pipeline connectivity
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Current state-wise status of Methane Gas Blocks
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Domestic Oil & Gas Production vis a vis Overseas Production
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Update Of High and Low Sulphur crude Processed In Indian Refineries
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Exploratory Inputs by Private Companies, PSUs & Foreign Companies
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Exploratory Inputs under Production Sharing Contract Regime
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NELP Hydrocarbon Discoveries Expected To Be Put On Production In Next Five Years
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LPG Consumption in India upto May 2015
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 25th July 2015
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Updated Customs and Central Excise rates on Crude & Petroleum Products
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Updated Price Buildup of Petroleum Products
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Expansion of Existing Refineries
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Gross Refining Margins (GRMs) of Indian Refineries In FY 2014-15
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Hydrocarbon Discoveries in 2014-15 up to December 2014
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Details of operative Petroleum Exploration Licences and Petroleum Mining Lease
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India's Established Hydrocarbon Reserves as On April 1, 2014
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Estimated Hydrocarbon Resources in India
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State-wise Crude Oil Production Trends
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Categories Of Indian Sedimentary Basins
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Coal Bed Methane Resources in India
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India's Refinery Throughput in FY 2014-15
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India’s Crude Oil Imports & Average Crude Oil Prices
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Foreign Direct Investment Inflows Into Petroleum Sector
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Tenders [FREE Access]
Oil and Natural Gas Corporation Limited
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Oil and Natural Gas Corporation Limited
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