Policy
Not Too Much New From Pradhan’s Russia Visit
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OVL Board Advises Caution To Take Additional Stake In Vankorneft
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Joint Procurement Of LNG: Long Road Yet To Go
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Will KG Basin Prove Remunerative For ONGC?
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Excess Refining Capacity Benefits Foreign Consumers
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Regulation
OIL’s Determined Attempt To Enter Shale Exploitation
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Videocon Petroleum Lands Ravva Consortium In Trouble?
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GAIL’s Demand For Budgetary Support For Pipeline Legitimate
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ONGC’s Shrinking Exploration Cost Write Offs A Miracle
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Alternative Energy / Fuel
Ethanol Blending Program Runs Into Problems Again
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New Projects
H-Energy Gets Right To Lay New Gas Pipeline
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Yokogawa Gets SCADA System Order
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Fox Petroleum Invites Samsung For FSRU LNG Terminal
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Market Watch
Essar To Double Petrol Pumps In 18 Months
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Express Bike Works Partners With HPCL, IOC
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HPCL Bets On Mobile Payment With Oxigen Wallet
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Companies
FUGRO
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MGL Plans To Add 670 Km Of Grid In 5 Years
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RIL, IIP Develop Technology To Reduce Benzene Levels
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DVB Bank To Sell Six Vessels Of GOL Offshore
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IOC To Get 37.5 % Stake In Proposed ATF JV
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L&T Hydrocarbon Wins Rs 11.7 Billion Contracts
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Niko’s Bangladesh Problems
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Press Release [FREE Access]
Latest Exclusives

July 1, 2016: A few days ago, we uploaded data regarding crude production in North Eastern region of the country for the last five years. North East also accounts for gas production. We have now uploaded data regarding gas production in North Eastern states for the last five years. Click Gas Scene for details.


June 30, 2016: Demand projections for oil and gas invariably go wide of the mark. This is because the demand is linked to the performance of the economy which to a large extent depends on rains. Still projections are helpful for planning. How much gas will Indian industry consume in the current FY and how much in 2017-18 and 2018-19? An official estimate. Click Column Gas Scene for details.


June 29, 2016: A National Gas Grid has been the country’s dream since Narasimha Rao became the Prime Minister. India is so large that a pipeline traversing all states and that too in a gas deficit country is not an easy task. However, the gas pipeline network has been growing over the years. Click column Gas Scene for details.

June 27, 2016: Successful businessmen do not normally land in a situation of being between the devil and the deep sea. Anil Agarwal of Cairn India has been rated a very shrewd and successful businessman, but he is in deep trouble with the Modi government. In business, calculations do go wrong, but in the case of Cairn India it has gone terribly wrong. How will he extricate the company from the present mess? There are any number of seasoned power brokers in Indian politics, but they are afraid of entering the scene fearing that Prime Minister Narendra Modi could be personally monitoring the case. The government will certainly extend the life of the Production Sharing Contract for the Rajasthan block which contains India’s largest onshore oil field, but on what terms remains to be seen. Has Agarwal committed a huge blunder in taking the matter to the Delhi High Court? What precisely is the real bone of contention between Cairn India and the government? Click Free Access Column Petro Intelligence for the behind- the- scene story.
Today's News [FREE Access]
Petrol price cut by 89 paise per litre, diesel cheaper by 49 paise per litre
July 1, 2016: Petrol price was today cut by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months. Petrol will cost Rs 64.76 a litre in Delhi from tonight as compared to Rs 65.65 per litre currently, Indian Oil Corp, the nation's largest fuel retailer, announced. Similarly, diesel will   more..


Ruias plan to sell another 25% stake in Essar Oil
July 1, 2016: After stitching a deal to sell 49 per cent stake in Essar Oil to Russia's Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco. The sale of 74 per cent stake (49 per cent to Rosneft and 25 per cent some other   more..


Rename Mumbai High as Veer Savarkar Mumbai Offshore: BJP
July 1, 2016: Mumbai High, India's biggest oil and gas fields, should be renamed after freedom fighter Veer Savarkar, a leading energy expert and BJP spokesperson has demanded. The Mumbai High fields, which were previously called Bombay High, should be named Veer Savarkar Mumbai Offshore, BJP spokesperson Narendra Taneja   more..


Kirloskar partners with Gulf Petrochem to launch K-Oil
July 1, 2016: UAE-based Gulf Petrochem has partnered with a subsidiary of Indian conglomerate Kirloskar Group to launch a specialised diesel engine oil in the Middle East and African markets. The engine oil will be launched following an extensive six-month engine trial and product evaluation and will build upon strong   more..


Indian, 1 Chinese firms in race for GAIL project
July 1, 2016: Six firms, including one from China, are in the race to build the much-touted Kochi-Kootanad-Managalore-Bengaluru pipeline project of GAIL (India). The pipeline would give a lease of life to Petronet LNG’s 5 million ton per annum re-gasification terminal at Kochi, which remained underutilised at a mere 5%   more..


Amar Nath on ONGC Board
July 1, 2016: Amar Nath who is Joint Secretary in Ministry of Petroleum and Natural Gas (MoPNG) will be on the board of Oil and Natural Gas Corporation (ONGC) replacing UP Singh.    more..


Global Crude oil price of Indian Basket was US$ 46.80 per bbl on 29th June, 2016
July 1, 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$ 46.80 per barrel (bbl) on 29th June, 2016. This was higher than the price of US$ 45.35 per bbl on previous publishing day of 28th   more..


India's external debt rises to US$ 485.6 billion at end March 2016
July 1, 2016: India's external debt at end-March 2016 witnessed an increase of 2.2% to US$ 485.6 billion at end March 2016 over its level at end-March 2015, primarily on account of a rise in outstanding NRI deposits. Furthermore, the increase in the magnitude of external debt was partly offset by valuation gain resulting   more..

Petropulse / Guest Column
Sustaining In Low Oil Price Regime
Maj. Gen. S.C.N. Jatar (Retd)The world is still greatly dependent on oil, coal and natural gas, which supply more than of world primary energy needs. In spite of this heavy dependence, the very foundation of the oil more...

IOG Exclusive
Haldia Petrochemicals Seeks Permission To Market Motor Spirit
June 6, 2016: The Purnendu Chatterjee-controlled, Haldia Petrochemicals, has applied to the Ministry of Petroleum and Natural Gas (MoPNG) for permission to market motor spirit (MS). The application is on the strength of its investment in petrochemicals. The government policy permits companies with an investment more...

India Launches Fresh Exercise To Assess Hydrocarbon Resources
June 1, 2016: India’s prognosticated conventional hydrocarbon resources in its 15  sedimentary basins had been estimated at 28.1 billion metric tons of oil and oil equivalent of gas. Of this, offshore accounts for 18818 million tons and on-land 9270 million tons. Within offshore, Mumbai tops with 9190 million more...

Cochin Shipyard’s Maiden LNG Ship May Turn Out To Be Very Costly
May 31, 2016: With L& T and Anil Ambani-owned Reliance Defence opting out of the race for building LNG carriers for GAIL, the state-owned Cochin Shipyard Ltd (CSL) is the only domestic yard destined to do the job. The government has been persuading all the three yards with the intention of giving them order for one ship more...

Saudi Aramco May Invest In Bathinda Refinery
May 5, 2016: Prime Minister Narendra Modi has been trying to persuade oil companies from the Middle East to invest in India. He is also equally keen that Indian companies get stakes in oil and gas fields in Middle East countries. Saudi Aramco, the state-owned oil major of Saudi Arabia, was the first to evince more...

Not much to show from Iran visit
April 13, 2016: The visit of the Minister of State Dharmendra Pradhan to Iran seems to have seen some bonhomie, but has been low on specifics; as indeed was the visit of the recent visit by Prime Minister Modi to Saudi Arabia. While the Minister met with his counterpart, the Iranian Minister of Petroleum Bijan more...

Time right for share sale of PSU OMCs
April 7, 2016: The Government seems to be interested in stake sales in some PSUs. While the experience of the previous years has been none too encouraging, this time around things could be different with a better interest being seen at least for the PSU OMCs. Recent news indicates that the Government has asked more...

Refineries Question Auto Mobile Manufacturers Objections To Commercial Fuel Specifications
April 1, 2016: Each country has its own fuel specifications and its own emission standards and for that reason India’s emission standards are classified as BS-IV and BS-VI and not Euro-IV and Euro-VI. These emission standards can meet with the commercial specifications notified by the government . Several other advanced more...

India’s E&P Sector Frustrates ENI, Still Holds On, But How Long?
March 30, 2016: ENI Of Italy entered India’s E&P sector relatively late, but made sincere efforts to make it success. However, circumstances beyond its control forced it to significantly reduce its presence in India. The question is whether it will quit India altogether. ENI had great hopes on two PSC more...

Deals with Russia on the anvil?
March 16, 2016: ONGC Videsh Ltd (OVL) along with other PSU oil firms Indian Oil Corp (IOC), Oil India Ltd (OIL) and BPCL are looking to purchase an additional stake, said to be more...

Re-introduction of customs duty on crude oil
February 26, 2016: There is definitely a move to re-introduce custom duty on crude oil, but whether this will form a part of the budget proposals to be announced on February 29 is not very clear. Refining companies are having anxious days. Petroleum Federation of India (Petrofed) has urged the petroleum ministry to take up more...

Special Reports
PSU Refineries’ Performance Improvement Program
June 23, 2016: Refineries in India were almost totally in the public sector for long. Some of them were built to process locally produced crude and the capacity of the refineries  in tune with the local crude availability. The refining technology happened to be from the erstwhile Soviet Union which was not always the more...

India’s Refining Capability & Latin America’s Heavy Crudes Make Formidable Combination
April 14, 2016: India is strong in its refining capacity. Latin America is rich in heavy crudes. In addition to being an emerging demand centre, India is a refining hub with state of art refineries located on the west coast capable of refining heavy crudes from Latin America and Carribean region (LA&C).   more...

Going back to Russia?
June 8, 2016: The Indian state-owned firms, Indian Oil Corporation (IOC), Oil India (OIL) and Bharat PetroResources (BPRL), may well be soon signing what is being called ‘final acquisition agreements’ with Russia’s Rosneft for stakes in two acreages in Russia, for as much as $ 3-3.5 billion. more...

India Should Strengthen Hydrocarbon Relations With Latin America and Caribbean Region
June 7, 2016: After the move for strategic relations with the Middle East countries, the focus is now shifting to Latin America and Caribbean region which are rich in hydrocarbon resources. Experts gathered at a Seminar organised by Petroleum Federation of India to discuss the issue. The subject was opportunities in hydrocarbon more...

Government of India Announces Launch of Auction of 67 discovered oil & gas fields
Policy for Discovered Small Fields: Government of India offers 67 Discovered Small Fields spread over 9 Sedimentary Basins with the prime objective of monetizing discovered fields more...

GSPC: Puny after all?
May 16, 2016: Besides the issue of GSPC’s Krishna Godavari Basin that is currently playing itself out on the national stage, another similar matter has perhaps not received the attention that it deserves-the scathing comments that the CAG has made on the Gujarat government-run Gujarat State Petroleum Corporation Ltd 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...

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
Shashi Shanker Gets Clean Chit From CVC
Shashi ShankerThe Central Vigilance Commission (CVC) has given a clean chit to Shashi Shanker, ONGC’s director (T&FS) who was suspended last year for alleged corruption in a tender that was floated in 2008 more...

New MD For Shell Lubricants
Mansi Madhan TripathyMansi Madan Tripathy is Shell Lubricant’s new managing director. Tripathy, now chief marketing officer at the firm, will succeed Nitin Prasad, who has been appointed chairman of Shell 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]
Agarwal’s Folly Spells Trouble For Cairn India
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Gas Price Fallout: RIL Ready To Back Down
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LNG Deals: India, Qatar Made For Each Other
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Why GAIL Wants Crude Prices To Surge Again
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Foreign Investment
Hardy Oil And Gas Announces Preliminary Results
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Overseas Investment
OIL - Led Consortium To Buy 23.9% Stake In Vankor Field
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Gas Scene
Natural Gas Production in North Eastern States for the last 5 years
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Gas Demand Projections For Current & Next Two Fiscal Years
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India’s Slowly Growing National Gas Grid
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India’s Gas Hydrate Program
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LNG Imports
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Status of City Gas Distribution Networks in India
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Recoverable Coal Bed Methane Reserves as on 1st April, 2015
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Update: CNG Price vs. Petrol/Diesel Price Delhi
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Citi Gas Distribution - Challenges And Opportunities
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Update : Monthly average international gas price/ indices
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Update: Domestic Gas Price, Gas/CNG Prices world over in last 3 months
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Update : Sector-wise Consumption of Natural Gas in January 2016
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Update: Gas Production, Consumption and Imports
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State-wise Coal Bed Methane Resources in India
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Update: Gas Pipeline Under Execution / Construction
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Gas-based Power Stations Reduce India’s Power Defcit
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Challenging times for the LNG Industry - Part III
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Challenging times for the LNG Industry - Part II
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Challenging times for the LNG Industry - Part I
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Possibly better terms for deepwater production welcome, but much yet to be clarified
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Update: Gross Refining Margins (GRM) of Refineries
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The growth of India’s refining capacity over the years
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Crude oil production in last five years in North-East
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Update: India’s Refinery-wise Nameplate Capacity
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International price (ex-Singapore) of Petroleum Products
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The price of different types of crude India imported from FY 2013-14 to 2015-16
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Hydrocarbon Discoveries under Development in NELP Blocks
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Basin-wise Exploratory Inputs under PSC Regime as on 1st January, 2016
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ONGC: Ultimate 2P Reserve Accretion, Reserve Replacement Ratio (RRR) & Balance Recoverable Reserves
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Exploratory Inputs by Foreign Companies as on 1st January, 2016
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Industry marketing infrastructure (as on 1st April, 2016)
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Exploratory Inputs by Indian Private Companies as on 1st January, 2016
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Customs & Excise duty rates (w.e.f. 1st March, 2016)
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India’s Estimate Shale Gas / Oil Resources
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Update: Company-wise Hydrocarbon Discoveries in NELP Blocks
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Basin-wise operative PEL & PML under Nomination Regime as on 1st January, 2016
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Refinery-wise Capacity Expansion
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Salient features of Paradip Refinery
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An Update of Domestic Oil & Gas Production vis a vis Overseas Production
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Update: High Sulphur (HS) & Low Sulphur (LS) Crude Oil Processing
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Update: Crude Price (Indian Basket) 2015-2016
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Investment under NELP (US$ Million)
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Exploratory Inputs by PSU Companies as on 1st January, 2016 since inception
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Hydrocarbon Discoveries in 2015-16 upto December 2015
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Tenders [FREE Access]
Indian Oil Corporation Limited
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