Policy
What Next After ‘Tit For Tat’ Over Farzad B Field?
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Indian PSU Refiners Plan Aggressive Foray Into Petrochemicals
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Oil Major Total Prefers A Cautious Approach Towards India
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Crude Oil Storage: Does India Need More?
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Time For Indian Firms To Step On The Gas In Bangladesh?
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Regulation
Hardy Moves Arbitration Tribunal Against PY-3 JV Partners
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ONGC’s Capex Utilization In Seismic, Drilling Short Of Target
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Dirok Field In Assam To Boost HOEC’s Finances
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Predictions About Petro Products Consumption Wide Of The Mark
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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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New Projects
SAGE Proposes Undersea Iran-India Gas Pipeline
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ONGC To Set Up Gas Dehydration Units In Andhra Pradesh
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CPCL To Invest Rs 14.95 Bn On Expansion Project
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New Crude Oil Pipeline From Chennai Port Trust-Manali Refinery
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IOC To Complete Paradip-Durgapur LPG Pipeline By Mar 2018
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Market Watch
GP Petroleum Aims At 5 % Share Of Automotive Lubricants Market
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Companies
Nynas AB
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Oil India Becomes A 5 MMT Company
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Swan Energy Ties-Up With Hyundai Heavy Industries
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Aegis Logistics Reports Healthy Rise In Profits
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Press Release [FREE Access]
Latest Exclusives

September 19, 2017: National Seismic Program is an ambitious project. The state-owned ONGC and Oil India are assigned to do this herculean task . Industry circles claim significant progress in doing the seismic survey. Click column Special Reports for details.


September 18, 2017: The Retail Selling Prices of transportation fuels, petrol and diesel, have touched a new high in recent days. The government has come in for criticism for the high tax element in the retail selling price. Countries such as France, U.K, Germany and Italy have a higher tax component in RSP of petrol and diesel. Click column Special Database for details.

September 15, 2017: India’s state-owned Oil and Natural Gas Corporation (ONGC) has not slowed down its drilling activities after the crash in crude price. It owns and operates a fleet of 105 rigs, both offshore and onshore. Of the total of 105, ONGC owns as many as 70 rigs and the rest charter-hired. Click column Special Database for rigs position as on April 1, 2017.


September 14, 2017 | On September 10, 2017, www.indianoilandgas.com in its column Policy uploaded a comprehensive piece on a decision by PSU refiners such as Indian Oil Corporation and Bharat Petroleum Corporation for an aggressive foray into petrochemical sector. While India is the largest exporter of petroleum products in Asia, it is a large importer of petrochemicals. India imports 30 per cent of its petrochemical requirements. Which are the major items of import , total value and options to replace them by setting up domestic production? Click column Special Database for details.

September 11, 2017 | Ennore Terminal: Ego Battle Looms: Indian Oil Corporation (IOC), the largest refining and marketing company of India, is acknowledged to display a superiority complex in its dealings with others in the petroleum sector. This arises mostly from its size, making co-existence with other oil companies difficult in any Joint Venture. Other PSU players in the petroleum sector too have their strong likes and dislikes. The domestic gas industry seems to be in love with Prabhat Singh, the CEO and MD of Petronet LNG Ltd. They never accepted his predecessors as experts capable of managing a gas company, but kept quiet because PLL is presided over by the petroleum secretary in his capacity as its ex-officio chairman. Singh gets support from quite a few gas veterans in his attempts to make his company the operator of IOC’s LNG regasification terminal at Ennore. They cite wrong reasons for their support. We probed to find that the support arises from the fact that Singh is the first Gas Man to be the chief executive of PLL. He is also known to be pleasant in his dealings with colleagues. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
OVL gets extension till 2049 for Azeri-Chirag-Deepwater project
September 19, 2017: ONGC Videsh Ltd and its consortium partners of the giant Azeri-Chirag-Deepwater portion of Gunashli (ACG) fields in Azerbaijan have got an extension for the production sharing agreement (PSA) for oil fields until December 31, 2049. A company statement said that OVL and its consortium partners had entered   more..


Govt panel deciding valuation for ONGC’s HPCL acquisition: M K Surana
September 19, 2017: The government has formed an advisory panel that would decide the valuation for Oil and Natural Gas Corporation (ONGC) buying the 51 per cent stake in Hindustan Petroleum Corporation (HPCL), said its Chairman and Managing Director M K Surana. Union Finance Minister Arun Jaitley is heading the three-member   more..


BPCL eyes government stake in GAIL India for Rs. 180-200 billion
September 19, 2017: Bharat Petroleum Corp. Ltd (BPCL) is in talks with the country’s largest natural gas transporter GAIL (India) Ltd to acquire the government’s majority stake in it for Rs180-200 billion. Three people with direct knowledge of the discussions said this on condition of anonymity as the talks are at   more..


Tide Water Oil promoter acquires 0.174 million shares of company
September 19, 2017: Tide Water Oil (India) promoter, Standard Greases and Specialities has acquired 0.174 million shares of the company. The company's committee of directors at its meeting held on September 16, 2017, approved the pre-dealing application form as submitted by Standard Greases and Specialities, joint   more..


GP Petroleums Launches Repsol Motorcycle Synthetic Engine Oil In India
September 19, 2017: GP Petroleums, a leading lubricant maker and part of UAE-based Gulf Petrochem Group, has launched Repsol's first ever fully synthetic Motorcycle Oils (MCO) in India. The Motor Cycle Oil (MCO) is available as a world-class Fully Synthetic product 'Repsol Moto 4T Sintetico 10W-50' and Synthetic   more..


Vietnam loses $15mn from crude oil sales to China
September 19, 2017: The country exported 4.9 million tons of crude oil at $408 per ton to other markets but charged only $400 per ton for the 1.7 million tons it exported to China, according to the General Department of Vietnam Customs. During the same period, Vietnam’s crude oil exports rose 2 per cent year-on-year to   more..


Global Crude oil price of Indian Basket was US$ 54.58 per bbl on 15th September, 2017
September 19, 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$ 54.58 per barrel (bbl) on 15th September, 2017. This was higher than the price of US$ 54.56 per bbl on previous publishing   more..


Petroleum products need tax uniformity: Minister Dharmendra Pradhan
September 19, 2017: Calling for a ‘uniform tax mechanism’ across the country, Petroleum Minister Dharmendra Pradhan has said petroleum products will need to be brought under the ambit of the goods and services tax (GST). "This is the proposal of the Ministry of Petroleum. We have appealed to all the states   more..

Petropulse / Guest Column
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 and poor countries to take action to curb the rise in global temperatures that is melting glaciers, raising sea levels, causing floods and more...

IOG Exclusive
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...

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...

Special Reports
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...

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, OIL’s 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
Dharmendra Pradhan Elevated To Cabinet Rank
Dharmendra PradhanDharmendra Pradhan, Minister of state (independent charge) for Petroleum and Natural Gas, was promoted to cabinet rank in the recent reshuffle of the council of ministers. This is considered more...

R.K Singh Takes Over As New Power & New Renewable Energy Minister
R.K. SinghRaj Kumar Singh has taken over as new Union Minister of State (IC) in Ministries of Power & New & Renewable Energy. Singh, 64 is a former Union Home Secretary and Lok Sabha MP more...

Vedanta Appoints Kuldip Kaura As Interim CEO
Kuldip KauraVedanta Limited, the Indian subsidiary of London-listed metals and mining giant Vedanta Plc has appointed Kuldip Kaura as Interim Chief Executive Officer (CEO) of the company effective 1 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]
Ennore Terminal: Ego Battle Looms
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PLL To Be IOC’s LNG Operator?
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Will Rosneft-Trafigura Succeed Where RIL Failed?
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Asian Premium: Will It Crack As Supply Basket Widens?
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Foreign Investment
UK-Based Firms To Invest In Waste-To-Energy Projects
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Overseas Investment
PLL To Form JV With Japanese Co To Set Up LNG Terminal In Sri Lanka
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Essar Oil UK To Upgrade Stanlow Refinery
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Gas Scene
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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Domestic Gas Scene: July 2017
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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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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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Power Situation In 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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Break-up of consumption of products from PSU and Private refineries
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Applications of petroleum coke / using industries
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A 40 % Increase In Petroleum Coke Import “Alarming”, “Disturbing”
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India’s Story of Petroleum Products Surplus
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Petroleum products demand & Gross Domestic Product (GDP)
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Distillate yield of PSU refineries
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No Significant Variations In Import Of Crude & Products in June 2017
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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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Tenders [FREE Access]
GAIL
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Reliance Industries Ltd.
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