April 19, 2019: In 2019, world oil demand growth is anticipated to grow by 1.24 mb/d y-o-y. Total world consumption is anticipated to reach 99.96 mb/d. Click column Special Database for details.

April 18, 2019: With domestic natural gas output declining sharply following the collapse of production in Di, D3 fields of Reliance in KG D6 and ONGC's fields in western offshore, India's import dependence on RLNG has been increasing consistently. Click column Gas Scene for details.

April 17, 2019: At one stage India had one of the lowest production costs for natural gas. ONGC has been producing gas at cost below $ 1/mmBtu. So did Reliance from its D1,D3 fields in deep water KG D6. Production cost of gas in the US last year dipped below $ 1/ mmBtu. Russia's Gazprom has been producing gas at a far lower cost. Click column Gas Scene for details.

April 10, 2019 | Clear-Headed Regulation Required; Policy Tinkering Will Not Work: In its anxiety to arrest the flagging domestic production of oil and gas, the ministry of petroleum and natural gas, ably assisted by the 'energy experts' of the government’s policy think tank, Niti Aayog, had announced a series of policy initiatives. Will these initiatives make a difference? The E&P sector in India does not have an independent Regulator. The DGH is not a regulator but only a technical wing of the ministry. The prospectivity of India’s sedimentary basins is not known to be attractive. The contracts are full of loopholes and subject to multiple interpretations. Experts say policy initiatives to increase domestic production are unlikely to succeed in the absence of an independent law and evidence-based, informed, upstream regulation. Click Free Access column Petro Intelligence for a comprehensive piece on what ails India’s E&P sector.