Policy
India Needs Intelligent Strategy To Deal With Qatar’s RasGas
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Loose Talk About Sensitive Commercial Discussions Damaging
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Possible Essar-Rosneft Deal A Win-win For Both Parties
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H-Energy FSRUs Novel, Many Challenges To Overcome
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GRMs Of PSU Refineries Fall, Private Refiners Do Well
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Regulation
ONGC Videsh’s Exit From Brazil’s Poco-Verde Block Surprising
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Cairn India: After Controversial Loan Comes The Merger
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How Will Merged Entity Overcome Income Tax Notice?
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Niko Resources Finds KG-D6 Stake Sale Tough Going
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Alternative Energy / Fuel
Air Products' Commissions India's First Renewable Hydrogen Fueling Station
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New Projects
Sapken Wins ONGC Contract For Mumbai High South
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Oilex Completes Pipeline And Pre-commissioning At Cambay-73
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IOC To Invest Rs 150 Billion To Raise Panipat Refinery Capacity
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MRPL Begins Commercial Production Of Polypropylene
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Consortium Reaffirms Commitment To B.C. LNG Terminal
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Market Watch
Petcoke Market To Expand At 8.5% CAGR Through 2020
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BP Again Seeks LicenceTo Sell Jet Fuel
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Repsol Enters Indian Market
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Companies
Fox Petroleum
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ONGC Introduces HF Technology In Tripura
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Rolta Wins 'IT Solutions Provider Of The Year – Oil And Gas Sector' Award
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Press Release [FREE Access]
Latest Exclusives

July 3, 2015: India’s total nameplate refining capacity stands at 215.066 MMTPA. Quite a few refineries are undergoing capacity expansions. These projects are expected to be completed before 2017. We have collected details of these projects. Click Column Special Database.


July 2, 2015: The City Gas Distribution companies in the country heaved a sigh of relief with the Supreme Court of India rejecting the Regulator’s order fixing price of CNG and PNG in Delhi and adjoining areas. Click Column Gas Scene to read an expert’s comments on the significance of the judgement.


July 1, 2015: India seems to be moving away from long –term crude supply contracts. Saudi Arabia has been edged out by Nigeria as the largest crude supplier to India. Equations and long term relations are changing swiftly. Click Column Special Reports for our assessment of the situation.

June 25, 2015: The metaphor of three blind mice in our Petro Intelligence column titled Three Blind Mice In The Qatar Deal is taken from poet Robert Burns. We have not explicitly named them as the readers can infer this from a free reading of the article. In our attempts to find out the roots of the colossal bungling in the LNG deal, we stumbled on an Internal Note written by I.S.N. Prasad, the then director in the Ministry of Petroleum and Natural Gas. It is dated December 14, 1999. The brief Note says it all. What has the deal to do with a car accident in the US in which the police sought to prosecute the governor of the state? Who is the governor in the LNG deal? Click our Free Access column to read an exciting and eminently readable piece.

Today's News [FREE Access]
India is now a $2-trillion economy
July 3, 2015: Gross per capita annual income swells to Rs.1,00,000. India’s GDP crossed the $2-trillion mark in 2014, according to data released by the World Bank in Washington late on Wednesday. After taking 60 years to reach the $1-trillion mark, India added the next trillion in just seven years. The World Bank data   more..


HPCL to raise Rs 12.60 billion for capex
July 3, 2015: Fitch Ratings said it assumed an average annual capex of Rs 80 billion for HPCL over the next two financial years. State-run refiner Hindustan Petroleum Corporation is planning to raise $200 million (Rs 12.60 billion) by this August, which would be used for its expansion, a company official and a banker   more..


RIL, Essar Oil to gain from likely price cut in some Saudi crudes
July 3, 2015: Reliance Industries and Essar Oil are set to gain from a likely cut in prices for medium and heavy grades of crude oil sold by Saudi Arabia to Asia, according to industry watchers. Saudi Arabia, traditionally the top exporter of crude to India, is reported to be considering a cut in prices of the medium and   more..


India takes 23% less Iranian oil Jan-June than last year: trade
July 3, 2015: India's oil imports from Iran fell by about 23 per cent over January-June as refiners curtailed shipments in the early months of the year to keep volumes within the limits allowed under an interim nuclear deal in place since the end of 2013. India shipped in 2,16,500 barrels per day (bpd) of oil from Iran in   more..


OMCs hit multi-year highs
July 3, 2015: Since Jan, scrips have rallied 25-43%, with encouragement from reforms in sector since mid-2013 and optimism on earnings prospects. Shares of state-owned oil marketing companies (OMCs) closed at respective multi-year highs on Thursday, on expectation of higher earnings growth. Bharat Petroleum Corporation moved   more..


Shell’s multi-purpose engine oil
July 3, 2015: Shell Lubricants has announced the launch of Rimula Apdeo CF 20W40 diesel engine oil for medium- and heavy-duty engines. The multi-purpose engine oil targets the ‘Value for Money’ segment across India with affordable pricing. The oil’s applications include usage in a variety of vehicles and   more..


Global crude oil price of Indian Basket was US$ 61.84 per bbl on 1st July, 2015
July 3, 2015: 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$ 61.84 per barrel (bbl) on 1st July, 2015. This was higher than the price of US$ 60.43 per bbl on previous publishing day of 30th   more..


Subsidised LPG sales under DBT down by 25%: Subramanian
July 3, 2015: Arvind Subramanian cautioned that the government should make sure genuine beneficiaries are not excluded. Sales of subsidised LPG cylinders under the Direct Benefit Transfer scheme (DBT) have come down by about 25 per cent as most “ghost beneficiaries” have been eliminated, CEA Arvind Subramanian on   more..

Petropulse / Guest Column
One Year Of Modi-led Government And The Ambani Factor
Narendra ModiThe 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 more...

IOG Exclusive
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...

OMCs Want To Be Compensated For Delayed Compensation
May 19, 2015: Oil Marketing Companies (OMCs) such as IOC, BPCL and HPCL are compensated through a burden sharing mechanism for the under-recoveries they incur on selling regulated petroleum products below cost. There is an approved formula for this in which the burden is shared by the government, upstream companies and the more...

Proposed Mumbai LNG FSRU based on interesting model
May 18, 2015: In an interesting move, the Mumbai Port Trust (MbPT) has recently reportedly invited bids for setting up of a 5 million tons per annum (mtpa) Floating Storage and Re-gasification Unit (FSRU) in a Public-Private Partnership (PPP) mode near the Mumbai coast. The model for establishing the FSRU more...

Special Reports
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...

AOGO - Ease of Doing Upstream Business in Indian Upstream
May 12, 2015: Views and recommendations on ease of doing business in various points in the life cycle of upstream business are as below.   Actual Bids The current Industry experience is rated good. No change is more...

CII Note on Ease of Doing Business
May 6, 2015: The Indian oil and gas sector is one of the six core industries in the country and plays a predominantly pivotal role in influencing decisions in all other spheres of the economy. However, over the last few years the oil and gas sector has more...

Major Oil and Gas companies invest in India’s IT, Technology and Engineering Centres
May 5, 2015: Successive governments have been trying to lure foreign direct investment by the petroleum biggies into India’s hydrocarbon sector. In particular, India has been seeking investment in exploration and production, refining, infrastructure and services. The response so far has been a trifle disappointing. Many 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
Dr. Reena Ramachandran Joins The Board Of Indian Additives Ltd.
Dr. Reena RamachandranDr. Reena Ramachandran, former CMD of Hindustan Organic Chemicals, joins the board of Indian Additives Limited, a joint venture between Chevron and Chennai Petroleum Corporation Limited more...

Reliance Industries Ltd Appoints Independent Director
R.S. GujralAt the Annual General Meeting of the Company, the shareholders of Reliance Industries Ltd have, approved the appointment of Raminder Singh Gujral as an Independent Director of the Company to hold office for 5 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]
Three Blind Mice In The Qatar Deal
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RasGas Deal: Wrestling With A Knotty Pricing Issue
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Foreign Investment
Hardy Keen To Buy Out RIL Stake In GS-1 Block
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Freudenberg To Invest Rs 1.35 Billion In Mysuru Unit
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Overseas Investment
Essel Group Invests In Oil, Gas Exploration Projects In Africa
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OVL To Commence Exploration In Satpayev Next Month
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Gas Scene
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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The Meaning & Relevance Of Well head Price
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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Investment under NELP (US$ Million)
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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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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 25th June 2015
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Central Excise And Customs Duty on petroleum products
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The effective rates of Sales tax/VAT levied by various States/UTs
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Story of ONGC's Stagnating Production And Turnaround
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Under-recoveries & Burden Sharing
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Price Buildup of Petroleum products (Rs./litre/Cy.)
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Petroleum Industry Marketing Infrastructure
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Import Dependency
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Estimated Value of Crude oil imports during FY 2014-15
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High Sulphur and Low Sulphur Crude processed up to January 2015
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Crude Oil & Petroleum Products Pipeline Network
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Progress Of E&P Activities In North East Under PSC Regime
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Tenders [FREE Access]
Mecon Limited
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Oil And Natural Gas Corporation Limited
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Oil And Natural Gas Corporation Limited
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