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What Makes US Crude Oil Arrival So Exciting?
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With US Crude In, Can US LNG Be Far Behind?
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Moderating Petrol And Diesel Prices A Fresh Headache
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Partnership With Mexico’s Pemex Could Benefit OVL
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UAE Oil Field Stake Offer Fails To Enthuse Indian Companies
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Unified Pipeline Tariff Proposal Unlikely To Face Strong Resistance
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ONGC’s Oil Gain From Work-over Exceeds Target
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ONGC Plans Massive Investment In IOR / EOR Projects
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Sharp Cultural Differences Can Mar Co-exitence In Mega Refinery
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World’s First Refinery Of Gas-to-Bioethanol Production
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RIL’s EPC Contract Goes To Schlumberger
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Deep Industries Bags Award From ONGC
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IOC Board Approves Refinery Unit Of CPCL
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ONGC’s Drilling Project In Assam Gets Green Nod
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Petroleum Products To Be Sold On E-Commerce Platforms Soon
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RIL Wins Right To Buy Own CBM Output
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National Petroleum Construction Company
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HPCL Wins Arbitration Award
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Confidence Petroleum Arm Commissions LPG Cylinder Manufacturing Unit
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October 17, 2017: Oil and Natural Gas Corporation (ONGC) has been wrestling with the issue of gas flaring from its fields. Flaring was on account of various factors. But it has finally succeeded in reducing gas flaring to a marginal level though some distance to go for zero flaring. Click column Gas Scene for asset-wise gas flaring in FY 2016-17.
October 16, 2017: Oil India Ltd (OIL) is the second largest hydrocarbon exploration and production company in India's public sector with its operational headquarters at Duliajan in the state of Assam. OIL's predecessor, Burma Oil Company's Indian subsidiary, formed in 1887, was the first to discover oil in India. OIL is rated an efficient E&P company with low finding, development and production costs. Click column Special Database for details
October 13, 2017: CERA Week after CERA became a part of IHS has turned out to be the most important energy event in the world. The leadership of Daniel Yergin, the celebrated author of The Prize, made it all the more respectable. It was for the first time that CERA week was held in India and first time outside the US. Important issues came up for discussion. Click IOG Exclusive for details.
October 12, 2017: LNG imports in August 2017 registered a decline of 2.94 per cent over the level during the corresponding month of 2016. Click column Gas Scene for source-wise import details for August.
October 11, 2017: Of the three state-owned Oil Marketing Companies (OMCs), Indian Oil Corporation (IOC) has the strongest Research and Development Division. It has an active patent porfolio and continues to investment R&D in a big way. Click Column Special Database details of IOC's R& D activities.
October 10, 2017: Reliable data is essential for policy makers and investors. Demand forecasts need not be totally accurate, but should not be wide of the mark either. In India, more particularly in the petroleum sector such forecasts have become totally undependable. Article in this column: Why Demand Projections Are All Gas lists innumerable instances of forecasts landing investors and planners in deep trouble. Will the promoters of LNG regasification terminals face a similar situation as the rush for terminals both on the east and west coasts are based on demand forecasts for gas? Oil major Shell seems to have got it right. BP does not say so openly. Click Free Access column Petro Intelligence for details.
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Pradhan to visit Japan
October 17, 2017: Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan will undertake an official visit to Japan from 16-18 October 2017including participating in the 6th Annual LNG Producers Consumer Conference. The visit of Pradhan is a follow up of the visit of Prime more..
BPCL sells its first low sulphur diesel cargo for export
October 17, 2017: Indian oil refiner Bharat Petroleum Corp Ltd sold a low sulphur diesel cargo through an export tender for the first time as its refineries upgrade units and due to higher inventory of the fuel, three industry sources said on Monday. The state-owned refiner, which was once a net importer of diesel, is more..
RIL exits Myanmar blocks, gives up last conventional oil & gas asset abroad
October 17, 2017: Mukesh Ambani-led Reliance Industries Ltd (RIL) has exited its last overseas conventional oil and gas assets by relinquishing two blocks in Myanmar. However, the company still holds its interest in two shale gas assets in the United States. In an investor presentation after the second quarter results, the more..
Reliance hits fresh record high on Q2 results
October 17, 2017: Shares of Reliance Industries hit fresh record high on Q2 results. The stock jumped as much as 1.8 per cent to a record high of Rs 892. The company had posted a 7.3 per cent increase in standalone Q2 profit late on Friday, aided by higher margins from its core refining and petrochemical businesses. Credit more..
TAPI Gas Pipeline Expected To Reach Afghan Border By January
October 17, 2017: Afghan Ministry of Mines and Petroleum said on Sunday that it is expected that the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline which is being built in Tukmenistan will reach the Afghanistan border in Herat by January. The ministry said that initial work has begun to launch more..
Tax deductions allowed for company bottling LPG cylinders
October 17, 2017: The Supreme Court dismissed a batch of appeals filed by the Commissioner of Income Tax (CIT) against an order of Bombay High Court and the Income Tax Appellate Tribunal (ITAT), and held that the process of bottling of liquefied petroleum gas (LPG) cylinders meant for domestic use is an activity that amounts more..
Global Crude oil price of Indian Basket was US$ 55.81 per bbl on 13th October, 2017
October 17, 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$ 55.81 per barrel (bbl) on 13th October, 2017. This was higher than the price of US$ 55.08 per bbl on previous publishing day of more..
Fourth Train Complete At Cheniere’s Sabine Pass LNG Plant
October 17, 2017: Cheniere Energy Partners LP said Oct. 13 that the fourth train at its Sabine Pass LNG plant was substantially complete, boosting output from the first LNG export terminal in the U.S. by a third. LNG plants are made up of trains, which are liquefaction facilities used to supercool natural gas for transport on more..
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Meeting the Climate Change Challenge
 by Maj. Gen. S. C. N. Jatar, (Retd)* | 190 countries have ratified the Paris Agreement on Climate Change as on 7 August 2017. The Agreement expects both rich more...
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CERA Week sees plenty of action
October 13, 2017: There was plenty of action at the CERA Week held in New Delhi over the past few days. It was firstly in itself notable that this forum was held in India, being normally held in Houston. In fact, the Indian Petroleum and Natural Gas Minister Dharmendra Pradhan emphasized as much and also felt that going more...
Hydrocarbon Re-assessment Exercise Progressing As Scheduled
October 3, 2017: The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country.
According to official sources, as on March 31, 2017, the more...
LNG sector continues to see considerable action
September 27, 2017: The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs more...
Chinese firm acquiring part of Rosneft has implications for India
September 12, 2017: In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the more...
Retail prices of petrol and diesel seem to reflect the old consumer concern
August 29, 2017: The ushering in of daily price revisions in the retail of petrol and diesel has brought in new dynamics into the sector. Particularly worth noting is how the retail prices have seen an increase over the last few weeks.
For example, a quick glance at the price levels indicate that the price of more...
LNG helps tiny Qatar to punch above its size and weight
July 7, 2017: The recent turmoil in the Middle east with respect to energy rich Qatar has thrown up some major ramifications for India, now that Qatar has stated that it wishes to increase its LNG output by a third to as much as approximately 100 million tons per annum (mtpa) (Qatar is already the world’s largest more...
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...
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ONGC, OIL Claim Progress In National Seismic Program
September 19, 2017: The ministry of petroleum and natural gas is keen that exploratory efforts are broadened by enhancing seismic survey coverage of the country’s sedimentary basins.
Being the country’s biggest upstream company, ONGC is major stakeholder in National Seismic Program (NSP). Its target more...
Just who is buying up Essar Oil and what does it mean?
August 16, 2017: In October of last year, the billionaire Ruia brothers inked in a deal to sell a 98% stake in Essar Oil in an effort to draw down the debt pile of Essar Group. The consortium of buyers for India’s fifth largest oil and gas company, consists of Russia’s largest oil producer, Rosneft, which will more...
Draft National Energy Policy
July 5, 2017: Niti Aayog is the government's think tank on economic policies. It has come in place of the Planning Commission which played a crucial role in India's economic planning since the 1950s. Niti Aayog has come out with a Draft National Energy Policy which will be debated for a while before a policy is finalised. The previous more...
Shrinking Share of Domestic Oil In Crude Oil Processed
July 4, 2017: The share of domestic crude in meeting the country’s demand for petroleum products has been declining consistently since the 1980s in the absence of a major commercial discovery. This was getting reflected in the crude oil processed by the refineries. During April-May 2017, the first two months of the more...
Launch of the National Data Repository (NDR) positive, but quality of data will be crucial
June 28, 2017: The Government finally seems to have made some progress with the much-awaited National Data Repository (NDR) that is a step towards launching the equally much-awaited Open Acreage policy for hydrocarbon blocks. The NDR will serve as a store for data on India’s sedimentary basins for future use in oil and more...
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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...
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Shashi Shanker Takes Over As ONGC Chairman
 Shashi Shanker has taken over as the Chairman and Managing Director of ONGC. Shanker, 56, will have a three-and-a-half-year term until March 31, 2021. Shanker will also be the Chairman of ONGC Videsh more...
Paulo Ruiz Sternadt Named CEO For Dresser-Rand Business
 Paulo Ruiz Sternadt (42) has been appointed CEO of the Dresser-Rand business, part of Siemens Power and Gas Division. He succeeds Judith Marks (54) who will leave the company at her own more...
Sambit Patra Appointed To ONGC Board
 Sambit Patra has been appointed as non-official director on the board of Oil and Natural Gas Corporation (ONGC) Ltd. The Appointments Committee of the Cabinet approved his appointment to the post for a more...
Asifa Khan Appointed Director Of HPCL
 Asifa Khan, has been made non-official independent director of Hindustan Petroleum Corporation Ltd (HPCL). Asifa Khan is a member of the Bharatiya Janata Party (BJP) She has emerged as a more...
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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.
To download this full article in PDF, click here |
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Why Demand Projections Are All Gas
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Refinery Plan Masks Ego Battles
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Ennore Terminal: Ego Battle Looms
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PLL To Be IOC’s LNG Operator?
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One More LNG Terminal Proposed On East Coast
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ONGC Videsh Picks Up 30 % Stake In Namibia Oilfield
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RIL Sells Stake In US Shale Gas For $ 126 Million
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ONGC Asset-wise gas flaring in FY 2016-17
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Source-wise LNG Imports for August 2017
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Coal Bed Methane (CBM) gas development in India
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Domestic Natural Gas Scene : August 2017
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Gas Pipeline Under Execution / Construction as on 31st March, 2017
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LNG Imports In July 2017
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Domestic natural gas price and gas price ceiling
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SAGE-EIL Presentation: Middle East to India Deepwater Pipeline
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ONGC Gas Flaring for FY 2016-17
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Petronet LNG Ltd looks set to expand its wings
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Update: CGD Factsheet as of June 2017
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Source-Wise Imports of LNG In June 2017
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Sector-wise utilisiation of domestic gas and RLNG
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The GST Double Whammy For Gas Sector
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ONGC, OIL step up drilling shale wells in the fourth quarter FY 2016-17
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Update: Gas Production / Consumption / Imports
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Gas pipeline network update as on 31st March, 2017
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Assessment & Status: Shale Gas / Oil Resource
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OIL: Finding, Development & Production Cost
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IOC’s R& D Activitie
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IOC’s E&P assets
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OIL’s Overseas Assets
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Key Features of HPCL Refineries
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ONGC: Seismic Survey Acquisition Performance - Q1 FY 2017-18
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Power Situation In August 2017
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Gross Refining Margins (GRM) of Refineries - First Quarter of FY 2017-18
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ONGC: 19 Production Projects Under Implementation
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Tax Element in Retail Selling Price of Petrol & Diesel: Developed Countries vis-a-vis India
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ONGC Rigs position as on April 1, 2017
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Petrochemical Import by India -2015-16
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ONGC: Drilling Cost
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ONGC’s Finding Cost
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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LPG Coverage As On 1st July, 2017
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Petcoke Global Data: Imports & Exports
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Global Pet Coke statistics for key countries
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