Policy
India, Iran Showdown Unlikely Over Farzad B Contract
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Rosneft May Outsmart Indian PSUs By Doubling Refinery Capacity
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Natural Gas Prices Likely To Remain Relatively Subdued
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Clear Logic Yet To Emerge From Creation Of Mega Oil PSU
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Intent To Co-Operate With Bangladesh In Energy Positive
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Regulation
ONGC Sees Production Potential In HP/HT Onshore, Offshore
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Government Lays Down Conditions For PSC Extension
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Discoverer Gets Nothing For Discovering Oil & Gas Fields?
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Higher Naphtha Exports Hurt Refineries, Imports Continue
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Alternative Energy / Fuel
Biodiesel Industry Seeks Lower Taxes
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New Projects
Fresh MoU for Barmer Refinery Signed
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Greka Wins ONGC CBM Drilling Contract
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CIL-led Consortium To Invest Rs 32.40 Billion In Ravva Field
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Punj Lloyd Arm Bags Rs 3120-Mn Saudi Arabian Order
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Essar Wins Bid For LNG Terminal At Haldia Port
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Market Watch
CBM Producers Get Pricing, Marketing Freedom
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Petrol, Diesel Prices To Change Daily From 1 May
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Companies
L&T Hydrocarbon Engineering Limited
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Emerson Donates Reservoir Characterization Software To Indian Universities
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Atlas Copco Opens New Unit In Hyderabad
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OIL Raises $500 Mn In Overseas Bonds
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RIL Gets Up To $75m Loan From EDC
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Press Release [FREE Access]
Latest Exclusives
April 26, 2017: According to official figures, imports of crude oil and petroleum products witnessed certain significant variations in March 2017. As India's financial year ends on March 31, these variations become more pronounced during the month. Click column Special Database for details.

April 25, 2017: According to William Shakespeare, greatness falls into three categories: Some are born great, Some achieve greatness and some have greatness thrust upon them. Where does D.K. Sarraf of ONGC fits in? Some may accuse us of thrusting greatness upon him. We are not. In our opinion, he will go down in history as the boldest Chief Executive ONGC ever had and perhaps the boldest in the history of Indian PSUs. His only competitor for that honour could be the late C.R. Dasgupta of Indian Oil Corporation. Of late, Sarraf has come in for veiled criticism for the ONGC-GSPC deal. Has he really compromised ONGC’s Interests? Sarraf is superannuating in September this year. We do not think that the governing council of Centre for Scientific and Industrial Research (CSIR) where Prime Minister Modi has put him is the right place for Sarraf. Prestigious, no doubt. He can be far more useful in the petroleum sector which he knows better. Click Free Access Column Petro Intelligence for an interesting piece on the subject.

In Guest Column, India’s respected oil man Maj. Gen. S.C.N. Jatar writes about the commonality of interests between Iran and India and sees a great opportunity for both countries to collaborate. He says Iran needs India’s market for its gas and it should be beneficial for India to buy gas from Iran.

The spat between the National Oil Companies of India and Iran over Farzad B gas field is unlikely to strain the relations between the two governments. Rosneft has a larger strategy for the Indian market. Gas market is unlikely to look up in the next couple of years. These are among the five reports in column Policy. Column Regulation has four important topics.

April 24, 2017: The reported sale of some trial cargoes from Kenyan to India is of some note given India’s desire to diversify its sources of crude oil imports. Click IOG Exclusive for details.
Today's News [FREE Access]
Refiners to expand LPG bottling capacity to meet surging consumption
April 26, 2017: State-owned refiners are planning to add a large number of liquefied petroleum gas (LPG) bottling plants to meet the rising demand for the clean cooking fuel. Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will add 47 new bottling plants over the next 24 months to their existing 189   more..


India’s Coal Bed Methane production jumped more than 44 percent to 565 MMSCM last fiscal
April 26, 2017: India’s production of Coal Bed Methane (CBM), a clean energy source extracted from coal seams, grew more than 44 percent last financial year to around 565 million standard cubic metres (MMSCM) as compared to 393 MMSCM in 2015-2016. This comes as a major boost for the government’s efforts to cut down India’s import   more..


Reliance to take more write offs on US shale gas assets
April 26, 2017: Reliance Industries, which invested $600 million more equity in the US shale gas operations in the March quarter, is set to make increased provisions on its shale gas operations over the next five years. RIL has invested a staggering $9 billion (Rs 594 billion) in shale gas assets in the United States but is   more..


France’s CMA CGM & Adani Ports create JV to run Mundra Port
April 26, 2017: CMA CGM, a leading worldwide shipping group and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port, for next 15 years with an option to   more..


Amec Foster Wheeler reports bigger-than-expected FY pretax loss
April 26, 2017: British oil and gas services company Amec Foster Wheeler Plc, which is being bought by John Wood Group Plc, reported a bigger-than-expected full-year pretax loss as the oil market rout forced companies to delay or cancel contracts. The company's loss before tax widened to 542 million pounds ($693.5   more..


NSE to exclude Cairn India from SLB segment from Apr 26
April 26, 2017: Leading bourse National Stock Exchange (NSE) will drop Cairn India from the securities lending and borrowing (SLB) segment from tomorrow as the cash-rich oil producer has merged into its debt-ridden parent Vedanta. Besides, equity as well as equity derivative trading in the security of Cairn India will be   more..


Niti Aayog circulates 3-year draft action agenda for economic growth
April 26, 2017: Niti Aayog is ready with its three year draft action agenda with proposals for shifting additional revenues to high priority sectors, doubling farmers’ income by 2022, creating jobs, bringing down land prices and expanding tax base through measures such as taxing agricultural income. “The draft has   more..


Global Crude oil price of Indian Basket was US$ 50.91 per bbl on 24th April, 2017
April 26, 2017: 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$ 50.91 per barrel (bbl) on 24th April, 2017. This was lower than the price of US$ 51.22 per bbl on previous publishing day of 21st   more..

Petropulse / Guest Column
Developing Farzad B Gas Field: Is It “Tit For Tat” Or “Quid Pro Quo”?
by Maj. Gen. S. C. N. Jatar, (Retd) |  S.C.N. JatarIt is mostly “commonality of interests” that carries through international deals. Even transparent democratic regimes more...

IOG Exclusive
Sale of Kenyan trial cargoes to India of some note
April 24, 2017: In recent news, it appears that Asian countries China and India have emerged as main buyers of the trial cargoes of crude oil that Kenya plans to export beginning from June this year (although this is not fully confirmed at present). Apparently, the Turkana crude would be exported from the more...

Policy for extension of pre-NELP blocks positive but increased Government take a possible dampener
April 4, 2017: The Union Cabinet has approved a policy to grant extension to the extant Production Sharing Contracts (PSC) for pre-NELP blocks. This was timely for some of the licenses earlier granted for these blocks were reaching the end of their initial grant period, including that of the Cairn India operated Rajasthan more...

EIL Gets Engineering & Procurement Consultancy Contract For Expansion Of Dangote Refinery
March 29, 2017: Aliko Dangote is the richest Nigerian and he is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa . He is India’s Mukesh Ambani in Africa. The refinery being put up by the group, expected to be the largest single refinery in the world, has awarded more...

India looks to deepen energy ties with Myanmar
March 1, 2017: The just concluded visit of Indian Petroleum Minister Mr Dharmendra Pradhan to Myanmar came at a good time, as India looks to deepen its energy partnership with its eastern neighbour. There are indeed many areas for the two countries to collaborate, and the relationship has been constrained only by the fact more...

Deal with ADNOC could be the precursor of further ones
January 27, 2017: The visit of the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al-Nahyan, who was also the Chief Guest at this year’s Republic Day celebration, seems to have brought some good news in its wake. Although the matter was under discussion for quite long, the deal under which UAE’s National Oil more...

OVL sees its fortunes revive in South Sudan?
January 12, 2017: Just a few years ago, faced with escalating violence in the world’s newest country, ONGC Videsh Ltd (OVL), along with its consortium partners, was forced to shut down operations temporarily in its oilfields in South Sudan as a precautionary measure and evacuate its executives working in the African more...

OVL qualifies in Iran but development of the Farzad discovery still uncertain
January 9, 2017: ONGC Videsh Ltd (OVL), the overseas arm of India’s flagship PSU ONGC has qualified to bid for upstream projects in Iran; the list of qualified applicants has been uploaded on the website of the National Iranian Oil Co (NIOC). OVL is the only Indian company to have qualified to bid for projects in the more...

New licensing round in Cuba may be of interest to Indian firms
January 2, 2017: Cuba may restart its offshore hydrocarbon exploration campaign towards the end of 2017; and hold an auction for a number of blocks, including shallow-water and deep water ones.   While this marks a slight delay from the earlier scheduled more...

ONGC Concludes Deal To Acquire GSPC’s Deen Dayal Asset In KG Basin
December 21, 2016: ONGC is understood to have finally decided to acquire the entire Deen Dayal asset of the Gujarat state-owned GSPC in KG waters. The process of Due Diligence which began 18 months ago has now been completed. The initial plan was to partner GSPC but acquiring equity stake, but considering the difficult nature more...

Continued Reforms the key to further growth in the energy sector in India
December 8, 2016: The concluding day of Petrotech show the focus shift to technical sessions as well as the valedictory one which saw the Union Finance Minister   Arun Jaitley and the Minister for Petroleum and Natural Gas,   Dharmendra Pradhan attend; earlier in the day the Transport Minister Nitin more...

Special Reports
Refinery Performance Improvement
April 21, 2017: The Centre for High technology (CHT) under the Ministry of Petroleum and Natural Gas carried out a Performance Benchmarking Study of 15 public sector Refineries through M/s Solomon Associates for three consecutive cycles 2010, 2012 and the study for 2014. The study reports involved comparison of various Key more...

Shell’s decision not to pursue Kakinada FLNG project serves as a wake-up call
April 5, 2017: In an interesting move, global major Shell, which has been present in India for long through its LNG terminal at Hazira, and is one of the few foreign companies that also has a license to retail petroleum fuels in the country through its large investment in the LNG facility, has indicated that it would not be more...

Marketing and Pricing Freedom for CBM small step in a long journey
March 20, 2017: The Cabinet Committee on Economic Affairs (CCEA) has approved the marketing and pricing freedom to Coal Bed Methane (CBM) producers. Also worth noting is that reportedly, if any buyer does not come forward, the contractors can sell the CBM to any of their affiliate entities, though royalty and other statutory more...

H-Energy’s FSRU May face competition from Swan’s FSRU
March 17, 2017: While some of the other players have been creating a lot of noise about the projects they have been executing, one company that has been going about its business relatively quietly is H-energy, which is implementing LNG projects both on India’s western and eastern coasts, at Jaigarh in Maharashtra and more...

TAPI pipeline chances seem remote
March 15, 2017: The Pakistan side is reportedly commencing work on the more...

Deliberations in CERA week focus on Stability in Oil Markets
March 13, 2017: The CERA week recently held at Houston has seen many interesting deliberations. Many of the discussions centered around the future of crude oil and pricing. There was also considerable discussion on the drivers of the global oil market, both from the supply and demand side. What was worth noting 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
Paul Antony On BPCL Board
Paul AntonyOn the advice of Ministry of Petroleum and Natural gas. BPCL board has appointed Paul Antony, IAS officer of Kerala cadre as member of the company's Board. He is presently additional chief secretary of more...

Rajeev Kushwah Takes Charge As CVO, MRPL
Rajeev KushwahRajeev Kushwah, ITS, has taken charge as the Chief Vigilance Officer (CVO) of Mangalore Refinery and Petrochemicals Limited (MRPL). He is an ITS officer of 1997 batch. He is an Electrical Engineering 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]
Sarraf Awarded A New Bailiwick. Why Now?
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Tit-for-tat Threat Looms Over Iran Gas Deals
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Iran Uses Chennai Petroleum As Bargaining Chip?
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Fouling The Air: The Pet Coke Story
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Foreign Investment
Aramco Seeks Stake In Proposed New Coastal Refinery?
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Overseas Investment
Sri Lanka, India To Jointly Run Trincomalee Oil Facility
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Gas Scene
Domestic Natural Gas Scene In February 2017
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LNG Imports FY 2011 -12 to 2016-17
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Natural Gas Demand Projections 2017-18 To 2021-22
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PNG Status
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Coal Bed Methane (CBM) gas development in India update
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India’s Installed Power Generation Capacity
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LNG Developments
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Update: CGD Factsheet, CNG Stations & Vehicles
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Natural Gas Availability, Sectoral Demand and Consumption (December 2016)
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Update: Price of Domestic Gas
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ONGC’s Shale Exploration in FY 2016
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Gas: Production, consumption and imports - an update
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Gas pipeline under execution / construction as on 30th September, 2016
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ONGC: Asset-wise break up of gas flared (April 2015 - March 2016)
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Update: Capacity Utilisation of Gas Pipeline Network as on 30th September 2016
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Significant variations in import of crude oil and petroleum products
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Update: Regasification infrastructure
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Expansion of Existing Refineries
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Exploratory Inputs by ONGC and OIL as on 1st January, 2017
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Exploratory Inputs since inception under PSC Regime
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Basin-wise PEL & PML with Pvt./ Joint Venture Companies as on 1st January, 2017
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Basin-wise operative PEL & PML under Nomination Regime as on 1st January, 2017
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Refinery Capacity & Refinery Crude Throughput in recent years
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Power deficit: Region-wise position for February, 2017
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Investment under NELP
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Blocks awarded under Production Sharing Regime
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Appraised Area of Indian Sedimentary Basins
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Estimated Hydrocarbon Resources in India
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Sedimentary Basins in India
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Year wise FDI inflows under P&NG Sector
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Operator-wise Hydrocarbon Discoveries under PSC Regime
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LPG Demand Surges As Overall Petroleum Consumption Dips In January
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Tenders [FREE Access]
Cairn India Limited
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Cairn India Limited
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