Policy
Trumpís LNG Marketing Opens Up Opportunities For India
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No Easy Going For Indian PSUsí Final Offer For Farzad-B
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HPCL Resists Isolation Attempts, Keen On Stake In Russian Fields
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Fuel Retail Segment Could See More Action Soon
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GST Rolled Out Sans Inclusion Of Crucial Petroleum Products
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Regulation
Open Acreage Licensing: A Huge Milestone In E&P Industry
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ONGCís MRPL Expansion Plan: 21 MMTPA Or 25 MMTPA?
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Cairn Energy Knocks At Every Door For Resolving Tax Dispute
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Why Wide Variations In GRMs Of Indian Refineries?
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Alternative Energy / Fuel
Primary and Potential Feedstocks in Asia Pacific Countries
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India Makes Progress In Tapping Non-Conventional Energy Sources
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Research Bodies To Develop Next Generation Fuel Resources
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New Projects
Work On Dhamra LNG Terminal Begins
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ONGC Inks Vantage Drillship Contract
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Power Mech Bags Orders Worth Rs 6.24 Billion
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Market Watch
IOC Launches 450-Kg Jumbo LPG Cylinder In Coimbatore
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IndianOil Launches Durapave Bitumen In West Bengal
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Companies
PFH Oil And Gas Private Limited
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Swan Energy Buys 100% Stake In Triumph Offshore
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Confidence Petroleum Bags Orders From OMCs
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JSPL Bags API Monogram License
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Press Release [FREE Access]
Latest Exclusives
July 21, 2017: Any change in the retail selling prices of petroleum products influences the general price level in the economy. For instance, a significant hike in the price of High Speed Diesel (HSD) which accounts for close to 50 per cent of the total petroleum products sold can have a cascading effect on the economy. Each petroleum product has a weightage in the Wholesale Price Index. Click column Special Database for details.

July 20, 2017: A few weeks ago, www.indianoilandgas.com reported that during the first three quarters of FY 2016-17 (April-December 2016), ONGC did not drill any shale well though it had ambitious targets. Our report was based on ONGC's own performance data. The situation changed in the fourth quarter. On the basis of official data, it now appears that Oil India drilled one shale gas well and ONGC four in the fourth quarter. Click column Gas Scene for details.

July 19, 2017: What has been price behaviour of Indian basket of crude? The Indian Crude basket is used as an indicator of the price of crude imports in India, and is one of the elements watched by the Indian government when deciding on domestic price issues. Click column Special Database for details.

July 18, 2017: India's import of LNG registered a sharp decline in May 2017. Could it be the beginning of a trend? No, says, NGS India, the country's think tank on gas industry and maintains that this is mostly an aberration and import will increase in coming months. Click column Gas Scene for the latest figures on gas production, consumption and imports.
July 10, 2017: The price of natural gas has been moving consistently in the reverse gear since the beginning of 2015. The slide is unlikely to be reversed in the near future as the world is glutted in LNG. This is not the right time to make huge investments in new gas development projects. However, the RIL-BP combine has announced an investment of $ 6 billion in three fields of KG D 6. BP’s global boss Bob Dudley and RIL’s supremo Mukesh Ambani are known to be shrewd businessmen. They would not have made such an announcement without being confident of making attractive returns from the investment. The existing gas pricing formula of the Indian government does not permit such returns in the present market conditions. These business leaders cannot afford a situation of being  roasted by their shareholders either. Obviously, they have done some deep calculations. Bob Dudley enjoys a good equation with the political leadership and Mukesh Ambani prefers a slight strategic distance. Click Free Access column Petro Intelligence to read an exciting story.

Today's News [FREE Access]
Merger with HPCL may affect ONGCís financial strength: ICRA
July 22, 2017: The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its in-principle approval for ONGC to acquire HPCL. However, the final approval will be given by the cabinet only after a clear proposal on the process of acquisition is decided upon. New Delhi: Oil and Natural Gas Corporation’s   more..


Eleven new states may get City Gas Distribution facility by 2022
July 22, 2017: The government may extend City Gas Distribution (CGD) infrastructure to eleven states by 2022, data presented by oil minister Dharmendra Pradhan in Parliament today showed. Downstream regulator Petroleum Natural Gas Regulatory Board (PNGRB) has identified 228 Geographical Areas (GAs) for CGD bidding by 2022.   more..


Government to engage two advisors to manage sale of HPCL to ONGC
July 22, 2017: The government has sought to engage two advisors to help manage the sale of its stake in Hindustan Petroleum (HPCL) to Oil and Natural Gas Corp (ONGC). The Department of Investment & Public Asset Management (DIPAM) has invited bids by August 10 from consulting firms and investment bankers who are expected   more..


6 billion JV with BP highlight of RILís oil, gas year: Mukesh Ambani
July 22, 2017: The recent Reliance Industries (RIL) and British energy major BP deal on joint investment of $6 billion across the entire energy value chain in India and starting commercial gas production from coal bed methane (CBM) blocks in Madhya Pradesh were the highlights of RILBSE 3.76 %'s oil and gas business in the   more..


HPCL sees more scope for foreign buys after ONGC deal
July 22, 2017: Hindustan Petroleum Corp Limited (HPCL) sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp (ONGC), its chairman M. K. Surana said. New Delhi: State refiner Hindustan Petroleum Corp Limited (HPCL) sees itself better placed   more..


NGT summons senior officials on green fuel
July 22, 2017: The NationalGreen Tribunal (NGT), Eastern Zone Bench, on Thursday, directed the Ministry of Petroleum and Natural Gas secretary, senior officials of GAIL, those from the state government and heads of two private firms tapping Coal Bed Methane from Asansol area to appear before it on September 1 and explain what   more..


RasGas, Petrobangla sign 15-year import contract
July 22, 2017: Qatar’s RasGas and Bangladesh’s state-owned Petrobangla last week signed an agreement covering the import of 2.5 million tpy for 15 years. This is Bangladesh’s first deal to import LNG, which will begin in 2018 following completion of a floating storage and regasification unit (FSRU) currently   more..


Global Crude oil price of Indian Basket was US$ 48.45 per bbl on 20th July, 2017
July 22, 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$ 48.45 per barrel (bbl) on 20th July, 2017. This was higher than the price of US$ 47.74 per bbl on previous publishing day of 19th   more..

Petropulse / Guest Column
The Fall Of Essar
P. BalakrishnaWith State Bank of India and ICICI Bank clearing the decks for the stake sale to Rosneft and the investment consortium led by Trafigura and UCP, Essar Oil Ltd (EOL), which had once boasted that it was a more...

IOG Exclusive
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...

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...

Special Reports
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...

Iranian agreement with Gazprom is a kick in the backside, but all is not lost for India
June 8, 2017: Despite Prime Minister’s many travels abroad, the Government often seems to be finding itself on the wrong foot as far as India’s international relations are concerned. It has been reported that Iran has signed an agreement of some sort with Russian state-owned firm Gazprom for the more...

Ministry to look more closely at ONGC, OILís performance in nominated blocks
June 7, 2017: It appears that the Ministry of Petroleum and Natural Gas (MoPNG) has established special review committees to monitor the performance of the nominated blocks handed over the years to PSU upstream companies ONGC and Oil India Ltd (OIL). Apparently these committees will be headed by the upstream 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
SN Subrahmanyan Takes Over As L&T CEO
S.N. SubhrahmanyanS.N. Subrahmanyan has taken over as Chief Executive Officer & Managing Director of Larsen & Toubro (L&T). In addition, Subrahmanyan, 57, heads L&T Construction (erstwhile ECC), more...

Sujit Patil Joins Vedanta
Sujit PatelVedanta Ltd has appointed Sujit Patil as head of corporate communications. Patil will lead all aspects of internal and external communication including branding, media management, social media, public more...

DMR Sekhar Takes Charge As ONGC Executive Director
DMR Sekhar has taken charge as an executive director of ONGC –Rajamahendravaram. He will replace Debasis Sanyal.  In his role as asset manager, Sekhar succeeded in increasing production to 2,644 tonnes per day, against of 1,607 tonnes per day. He received Accident Free Award from Union Ministry of Labour and 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]
Promise Of Free Gas Pricing: Trigger For RIL-BP Announcement?
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Gas Lobby Clouds Pipeline Option
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PLL Must Rediscover Its Roots
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Sarraf Could Win An Extension At ONGC
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Foreign Investment
Schlumberger, Halliburton Facing Problems
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Overseas Investment
ONGC Videsh To Acquire 30% PI In Namibia
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IOC To Set Up Singapore Oil Unit
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Gas Scene
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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Domestic Natural Gas Scene: May 2017
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Assessment & Status: Shale Gas / Oil Resource
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In search of areas to increase share of natural gas in energy mix
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Gas for Power- No inclusion in Policy
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Recoverable Coal Bed Methane Reserves as on 1st April, 2016
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Estimated Potential Gas Demand - Diesel & Petrol Replacement
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CGD entities in India need fresh thinking
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Coal Bed Methane Resources in India
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State-wise GA-wise CNG Consumption during 2016-17
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Indiaís Gas Pipeline Status and the Initiatives
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Update : Capacity Utilization of LNG Regasifcation Terminals
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Coal Bed Methane (CBM) Gas Development in India
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CGD Factsheet as of March 2017
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Sector-wise gas consumption of domestic gas and RLNG - an update
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Weightage of petroleum products in Wholesale Price Index (WPI)
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Update: Crude Price - Indian Basket
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Contribution of petroleum sector to exchequer
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Revised Hydrocarbon Reserves in India
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Status of blocks under NELP as on March 31, 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Ethanol Demand Projection For Asian Countries
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Petroleum Coke Continues Relentless Surge In Indian Market
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Power deficit: Region-wise position for May, 2016 (% deficit)
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No Of Auto LPG Dispensing Stations (ALDS)
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Gross Refining Margins (GRM) of Indian refineries ($/bbl) for last two fiscals
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Market Capitalisation of Oil & Gas PSUs
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Falling Domestic Crude Production and Rising Overseas Production
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Specific Energy Consumption (MBN) - Industry Average
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Cost Comparison of traditional fuels and alternatives
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ONGCís Reserve Accretion Performance
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Uptrend In High Sulphur Crude Processing Continues
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Variations In Crude & Products Import In April 2017
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PSU Average Distillates Yield (%wt.)
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Operator-wise Exploratory Work under PSC Regime
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Development of Hydrocarbon Discoveries under PSC Regime
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Petroleum Industry Marketing Infrastructure As On April 1, 2017
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LPG Consumption Continues To Surge Despite PNG Penetration
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Export of Petroleum Products
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Significant variations in import of crude oil and petroleum products
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Tenders [FREE Access]
ONGC
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ONGC
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