Policy
MoPNG Asks GAIL To Reconsider Decision On LNG Ships
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Real Beneficiaries Of Petro Product Pricing: Consumer Or Oil Cos?
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To Deregulate Or Not To Deregulate?
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Will Proposed ONGC Stake Sale Make A Difference?
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Induction Of Shell Boosts Plans For Kakinada FSRU LNG
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Proposal To Export Natural Gas To Pakistan Seems Symbolic But...
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Regulation
ONGC To Do Massive 3D Survey In Western Offshore
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DGH Agrees To ONGC Proposal To Merge All Padra PMLs
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Environmental Clearance A Nightmare For Oil India
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Dart Energy To Transfer Stake To OIL In CBM Block
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Alternative Energy / Fuel
Ethanol Blending To Get A Boost
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New Projects
Tractebel Engineering (India) Ventures In Crude Oil Pipeline
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L&T Hydrocarbon Gets $ 846 Million KOC Contract
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India Govt. Approves Refining Complex In Barmer
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Market Watch
Oil Marketing Companies Overcharge Domestic Consumers
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Market Report: MTBE
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Companies
Tractebel Engineering
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Rolta Wins Multi-Million Dollar Follow-On Award
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Oilex Announces Completion Of Plug Milling Operations
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Press Release [FREE Access]
Latest Exclusives

August 1, 2014: Great Eastern Energy’s Sale Of CBM Gas Through Cascades attracts Audit Criticism, click Column Gas Scene for details.


July 31, 2014: India imports crude from almost all major crude exporting countries. We have collected details of the percentage of share each one has in India’s crude import basket. The data relates to a six year period from FY 2008-9 to 2013-14, click Column Special Database for details.


July 30, 2014: Calculation Of Cost Of Unfinished MWP Still Poses A Problem To Production Sharing Contracts, Click IOG Exclusive for details.


July 28, 2014: Cairn Energy Is Accused Of Deviating From Prudent Tender Practices In Carrying Out Exploration Activities in KG On-land Block, Click for details Column IOG Exclusive.


July 25, 2014: PNG and CNG are not being supplied in all the states of the country in the absence of infrastructure to transport gas. Different states have different tax rates on PNG and CNG. We have collected the details. Click Column Gas scene for details.


July 24, 2014: The enlightened people must be appalled by the attempts of certain lobbies to take this hapless country consistently for a ride. The post of Chief Economic Advisor to a Prime Minister should be important in any country’s scheme of things. But when Dr C. Rangarajan, chief economic advisor to the former economist prime minister Dr Manmohan Singh, remains defenceless in the face of attacks against his gas pricing formula by genuine energy experts, he is insulting not only the post he held but also the very system of governance of which he was a part for long. Now, enters GSPC, a company owned by the state of Gujarat. It has demanded a price of $ 13/mmbtu for its gas to be produced from KG basin. It sounds an atrocious figure considering the fact that Field Development Plan is approved by the government after establishing the economic viability of production at a particular price. Is the state of Gujarat and its business community turning out to be Prime Minister Narendra Modi’s Achiless Heel as many of his well wishers fear? Click Column Petro Intelligence to read our piece.

Today's News [FREE Access]
Dharmendra Pradhan defends oil PSUs after CAG rap
August 1, 2014: With CAG castigating state-owned fuel retailers for overcharging customers by Rs 266.26 billion in five years, Oil Minister Dharmendra Pradhan today defended the PSUs saying they had absorbed Rs 286.80 billion in losses on fuel sales in the same period. The Comptroller and Auditor General of India (CAG) in its   more..


Petroleum Minister: Challenge is to bring down subsidy burden
August 1, 2014: The Petroleum and Natural Gas Ministry on Thursday once again emphasised the need to cut down the subsidy burden. Speaking at a workshop organised by IndianOil Corporation, Minister of State for Petroleum and Natural Gas (Independent Charge) Dharmendra Pradhan said the challenge for his Ministry is to bring   more..


Govt seeks Rs 155.46-bn fuel subsidy from upstream companies
August 1, 2014:Indian Oil Corp (IOC) will get Rs 81.07 billion from upstream firms in fuel subsidy support for the first quarter, while Hindustan Petroleum Corp Ltd (HPCL) will get Rs 36.08 billion. The Oil Ministry has fixed the subsidy payout by upstream firms such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd at Rs   more..


ONGC, Oil India Submit $1.5 Billion Joint Bid for Murphy Oil's Malaysia Assets: Report
August 1, 2014: State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about $1.5 billion to buy Murphy Oil Corp's Malaysian oil and gas assets, sources directly involved in the process said. Arkansas-based Murphy, which has interests in oil and gas fields in Malaysia, Vietnam,   more..


Gulf Oil Lubricants India lists on bourses
August 1, 2014: Gulf Oil Lubricants India, the demerged lubricants business of Gulf Oil Corporation, which had a debut listing on the BSE and the NSE today, has managed to tick mark all the requisite boxes prior to its listing, according to Sanjay Hinduja, Chairman, Gulf Oil International. "The lubricants business has   more..


Petroleum Ministry working on public-private tie-up model for gas infrastructure
August 1, 2014: The Ministry for Petroleum & Natural Gas is working on a new public-private-partnership (PPP) model for laying gas pipelines in the country and correct the lacunas in the existing system. After the announcement by Finance Minister Arun Jaitley in his Budget speech that the existing gas pipeline   more..


Global crude oil price of Indian Basket decreased to US$ 106.12 per bbl on 30th July, 2014
August 1, 2014: 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 went down to US$ 106.12 per barrel (bbl) on 30th July, 2014. This was lower than the price of US$ 106.34 per bbl on previous publishing   more..


Petroleum Minister calls upon the OMCs to pool their resources, technologies, experiences and best practices to be better prepared for the challenges of the future
August 1, 2014: The Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan has called upon the Public Sector Oil Companies (OMCs) to pool their resources, technologies, experiences and best practices so that they are better prepared to meet the challenges of the future. Inaugurating a two-day   more..

Petropulse / Guest Column
The Case For An Independent Upstream Regulator
One of the first reforms that the new MODI led government needs to carry out is the creation of an independenV.K. Sibalt, statutory and impartial upstream regulator on the lines of regulators set up in the more...

IOG Exclusive
Calculation Of Cost Of Unfinished MWP Still Poses A Problem To Production Sharing Contracts
July 30, 2014: Directorate General of Hydrocarbons (DGH) claims to have made some headway in resolving the issue surrounding the calculation of Unfinished Minimum Work Program. This is clear from the query posed to DGH by Ministry of Petroleum and Natural Gas (MoPNG). A couple of weeks ago, MoPNG asked DGH to more...

Cairn Energy Deliberately Violated Competitive Bidding?
July 28, 2014: Cairn Energy, operator of block KG-ONN-2003/1, is found to have shied away from competitive bidding as provided for in the Production Sharing Contract while carrying out its exploration activities in the block. DGH referred certain unacceptable practices of Cairn Energy to SARC &Associates, more...

SWAN Energy Ltd Opposed To Regulations For LNG Terminals
July 15, 2014: Swan Energy Ltd (SEL) has told the Petroleum and Natural Gas Regulatory Board (PNGRB) that there is no need for regulations for LNG terminals as they are not natural monopolies like Gas Pipelines. It was responding to draft regulations for registration for establishing and operating LNG Terminals. more...

Centre For High Technology, USTDA Shortlist Refinery Modenisation Projects To Be Taken Up
July 10, 2014: The Indo-US Energy dialogue had identified four categories of refinery projects to be taken up under USTDA assistance. Slurry Hydrocracking for residue upgradation Fuel cost optimisation through CFBC/ gasifier. Energy Efficiency Management Refinery more...

Absence of KG D6 Crude Lands CPCL’s Cauvery Basin Refinery In Trouble
July 7, 2014: Normally, Chennai Petroleum Corporation Ltd’s (CPCL) Cauvery Basin Refinery (CBR) receives and processes about 20-22 TMT of Narimanam crude, 20-25 TMT of KG D6 crude and about 15-18 TMT of Ravva crude. CBR has been processing this crude mix based on the need more...

Solomon Associates To Participate In Benchmarking Of PSU Refineries For 2014 & 2016
July 4, 2014: The next cycle of bench marking for Public Sector Refineries begin in 2014 and ends in 2016. In accordance with the advice given by General Council of CHT, offer was sought from Solomon Associates for performance benchmarking of 15 PSU refineries. After negotiation, they agreed to offer for new more...

US Company Pangea LNG Keen On Strategic Partnership With ONGC
July 3, 2014: Pangea LNG, a US-based LNG export project in the Gulf of Mexico, has been negotiating with India’s state-owned Oil and Natural Gas Corporation (ONGC) for a strategic partnership for a year now. Frustrated with lack of progress, the company’s finance director Vivek Srinivasan has more...

DGH Agrees To Oil India’s Proposal for Force Majeure For Its KG Block In Andhra.
July 2, 2014: Oil India Ltd (OIL) is the operator of the block KG-ONN/2004/1 in the south Indian state of Andhra Pradesh. It had to stop field operations and negotiations for land acquisition for drilling locations on account of agitation for United Andhra Pradesh in Eastern Godavari district. OIL says in Andhra more...

No Price Formula Applies To Cairn’s Ravva Gas?
June 23, 2014: The implementation of the Rangarajan pricing formula for domestic gas slipped out at the eleventh hour and is unlikely to stage a come back. Even if it had come into force as planned which would have raised domestic gas price to a level of around $ 8/mmbtu, the pricing formula would not have been more...

ONGC- RIL Gas Dispute: Third Party Expert In Or Eluding?
June 18, 2014: Normally, decisions are not taken swiftly in matters involving a PSU and an influential private sector player. The unusually bold leadership of ONGC had gone to court accusing the biggest private sector company, Reliance Industries Limited (RIL), of pilfering 18 billion cubic metres of natural more...

Special Reports
First Budget of Modi Government seems a letdown for the Oil & Gas sector
July 11, 2014: The Budget presented by Finance Minister Arun Jaitley had precious little for the oil and gas sector, belying the many hopes of both producers and consumers who expected the Modi-led Government to shower largesse on producers so as to stimulate investment in the economy.  more...

Indian Oil Corporation's Oil Price Risk Management
July 1, 2014: How Did  IOC's Oil Price Risk Management Work? We have obtained the IOC management's own assessment of the performance. Indian Oil Corporation's Oil Price Risk Management Oil more...

Unfinished MWP- Cost calculations pending for decision by MoPNG on related PSC issues
June 26, 2014: Computation of cost calculation of Unfinished Minimum Work Program can get complicated due to different reasons such as extension of exploration phases, operator seeking Force majeure, excusable delay etc. Part-II deals with cases pending decision by Petroleum Ministry on related PSC more...

Cost calculations already sent & yet to be approved by MoPNG
June 24, 2014: Production Sharing Contract under NELP has a provision for Minimum Work Program (MWP) which the contractor is duty-bound to honour. If not, the cost of Unfinished MWP will have to be paid to the government. The computation of the cost of Unfinished MWP is a bone of contention between the contractor and DGH. We have collected the more...

E& P Activities In India's North East Under PSC Regime
June 20, 2014: Under the PSC regime, 31 exploratory blocks have been awarded in the North Eastern states (Arunanchal Pradesh-1, Assam-19, Manipur- 2, Mizoram- 3, Nagaland-2, Tripura-4) covering an area of 43,722 square kilometre. 9 blocks have been relinquished (Arunanchal Pradesh-1, Assam - 6, more...

What Does MoPNG Expect From Site Restoration Consultant?
June 19, 2014: Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons are in the process of identifying a consultant for Guidelines on Site Restoration for Petroleum Operations. What do they expect from the consultant? We have collected the details. more...

Indian PSU Refineries Improve Their Performance
June 17, 2014: Indian public refineries strive to continuously upgrade the technologies in line with the international trend and as per the requirement. Indian refineries have accorded top priority for reducing the energy consumption through various energy conservation measures. Centre High Technology (CHT) had more...

ONGC’s Delayed Projects Costing More than Rs 5 Billion: Part-2
Oil and Natural Gas Corporation (ONGC) has quite a few projects costing more than Rs 5 billion whose execution has been delayed. These include projects in Mumbai High. We have obtained the details of these projects which are being released in two parts. more...

ONGC's Delayed Projects Costing More than Rs 5 Billion: Part-I
June 5, 2014: Oil and Natural Gas Corporation (ONGC) has quite a few projects costing more than Rs 5 billion whose execution has been delayed. These include projects in Mumbai High. We have obtained the details of these projects which are being released in two parts.  more...

NTPC: Time Taken for Various Activities - Grant of Environment Clearance for Exploratory Drilling (Block CB-ONN-2009/5)
June 4, 2014: Environmental clearance is a tortuous process for any operator who signed Production Sharing Contract (PSC) with the government of India. The power major, NTPC, which ventured into oil exploration has been struggling to obtain clearance for drilling in Cambay Block. It has listed more...

Status Of HPCL’s Exploration & Production Initiatives
June 3, 2014: Hindustan Petroleum Corporation Ltd (HPCL) remains committed to its upstream initiatives though success by way of a major commercial discovery either of oil or gas has eluded it. It has not opted for a major foray either. We have obtained the status of its exploration acreage blocks. Status Of more...

Interviews
Interview with Rajeev Sharma, M.D, Adani Energy
Rajeev Sharma knows gas business better than many in the petroleum sector. As founder MD of the highly successful Indraprastha Gas Ltd (IGL), he demonstrated his dynamism and business acumen. He left GAIL (India) to join the rapidly expanding Adani Group to head its energy company, Adani Energy which again is a great success more...

Views
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...

Go All The Way: Let market determine fuel prices, not politics
The hike in diesel, LPG and kerosene prices will narrow the gap between diesel and petrol prices, but also act as a spur to inflation. The former effect is welcome, the latter hardly so. The gap that had been widening between petrol and other fuels reflected bad policy both from socio-economic and environmental points of view. more...

Personalities
A Profile Of B. Ashok
B. AshokIndianOil is a corporate giant and by virtue of its size and penetration into every nook and corner of the country with its retail outlets, it influences the lives of Indians more than any other 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]
Bizarre Element In Gas Pricing Controversy
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Rangarajan Formula: Masterstroke Of Five Fallacies
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Foreign Investment
Oilex Receives Endorsement For The Sale Of Gas From Cambay Field
more...

Overseas Investment
RIL’s US Shale Foray Pays Off
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Gas Scene
Great Eastern Energy is the operator of Raniganj block with 100 per cent Participating Interest.
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Different taxes and duties that are included in the prices of PNG & CNG
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Salient Features Of Turkmenistan - Afghanistan - Pakistan – India (TAPI) Gas Pipeline Project
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Natural Gas: Projected demand and domestic production In Coming Years
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IOC's Spot / Short Term RLNG Purchases during October 2013 to March 2014
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Difference In Specifications Of LNG Ships In GAIL's Two Proposals
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GAIL's Proposal To Bail Out Gas-starved RGPPL
more...


National Gas Hydrate Program Seeks Defence Clearance For R& D Wells
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Gas Production Status of D1, D3 Fields Of RIL-operated KG D6 As On April 21
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Full Text: MoU Between US DOE & India’s MoPNG On Cooperation In Gas Hydrates.
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India's CGD Infrastructure, CNG,PNG Prices, Taxes On CNG & PNG
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DGH Note On Present Production Status of RIL-operated DI, D3 & MA Fields
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Details of region-wise gas pipelines, gas consuming states, upcoming pipelines, promoting companies and design capacity.
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Gas Sales Status from KG-D6 block
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Long term LNG tie-up
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General Consumer Price of Natural Gas in India
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MoPNG’s Advice Sought On Price Revision For Cairn India’s Ravva Gas
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Gas produced from KG-D6 block since the commencement of commercial production
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Details of Existing, Upcoming and Future Regassified LNG Terminals
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The Current Construction Status of Gas Pipeline Project by GAIL in South India
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List of GAIL's of Pipeline Projects to be completed in FY 2014-15 and others beyond 2014-15
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GAIL’s Performance Targets For FY 2014-15
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Projection of Natural gas production in 12th Plan (2012-13 to 2016-17)
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How much natural gas did India consume in 2012-13? How much of it came from domestic sources and how much as LNG import?
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E&P Gas Production Projects Under PSC Being Implemented
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Government's Share Of Profit Petroleum From RIL-operated KG D6 April-June 2013, Original & Revised
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Who Enjoys What Share In India’s Crude Import Basket?
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Additional Secretary Committee Report On Review of Royalty Computation
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What is the quantum of petroleum products India will produce in FY 2014-15?
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Crude Oil Production Estimate: 2014-15
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Demand Estimates for Petroleum Products For FY 2014-15
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India’s Estimated Import Bill On crude, Products, LNG In Different Scenarios For FY 2014-15.
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Product-wise petroleum supply-demand situation for FY 2014-15
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DGH- Prepared Production Status Report On RIL-operated D1, D3, MA Fields
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India's Refining Capacity, Existing, Under Expansion, New Refineries
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Details of OVL's Assets (As on January, 2014)
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South Asia LPG Co. Pvt. Ltd’s Performance In 2013-14
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ONGC’s Exploratory Success In Last 6 Years
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Retail Marketing of Petroleum Products in India
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Status of major pending issues relating to the Petroleum and Natural Gas Sector.
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Exploratory Inputs Expended By PSUs, Indian Private Cos, Foreign Cos
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LPG Demand-Supply Scenario, Pipeline Capacity Proposed
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MRPL's Unit Shutdown Plan For FY 2014-15.
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Details of Orders GAIL Placed On Rolls Royce
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Year-wise, Block-wise Details of Profit Petroleum Payments Received by Government.
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 9th July, 2014
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Filling Cost Of Underground Crude Oil Cavern Storages
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Package-wise Physical Progress of Paradip Refinery Project (PDRP) as of February 2014
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Status of ONGC’s marginal field development
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Tenders [FREE Access]
Indian Oil Corporation Ltd.
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Cairn India Limited
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