Policy
Oil Fields Auction: Modi Government’s Bold Decision
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Will Saudi Investment In India Actually Materialize?
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Developments In Myanmar Present An Opportunity For Indian Firms
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Iran Holds Much Potential
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Why Confine Strategic Relation To Middle East Producers Alone?
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Regulation
Secret Behind Limiting PSC Extension To Small & Medium Fields?
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Cairn India Winds Up E&P Operations Outside Rajasthan
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Diesel More Sinned Against Than Sinning?
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LPG Subsidy Hinders PNG Expansion
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Alternative Energy / Fuel
World Bank Loan For Rooftop Solar Program In India
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New Projects
L&T Wins Saudi Aramco Hasbah Gas Expansion Contract
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Essar To Explore Shale In CBM Block
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IndianOil To Add 10-MT Refining Capacity This Fiscal
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Market Watch
Technip, FMC To Merge
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Saudi Emerges Top Crude Supplier to India
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Companies
Shapoorji Pallonji Oil & Gas Pvt. Ltd.
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Paradigm Opens A Seismic Center
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Gulf Oil Q4 Net Up 38%
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Gujarat Gas FY16 Net Profit Down 65%
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Petronet LNG Q4 Net Down 20%
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Press Release [FREE Access]
Latest Exclusives

May 30, 2016: India’s petroleum marketing infrastructure has reached almost all parts of the country though there is tremendous scope for expansion. Public sector Oil Marketing Companies (OMCs) still enjoy a near-monopoly over the marketing network. However, private players such as RIL, Essar and Shell which are relatively new to petroleum marketing have also begun to expand their marketing network. Click Column Special Database for company-wise share of the marketing infrastructure.


May 27, 2016: A few days ago, we uploaded details of exploratory inputs by public sector oil companies. India has quite a few private companies in E&P. We have collected details of their exploratory inputs. Click column Special Database for details.
May 26, 2016: Government of India Announces Launch of Auction of 67 discovered oil & gas fields. Click Special Reports for details. 

May 25, 2016: The world is going to be glutted in Liquefied Natural Gas (LNG). With Australia poised to become the largest LNG producer outdistancing Qatar, LNG price is unlikely to look up in the immediate future. Here is a golden opportunity for India to strike a long term deal for LNG which it needs to fuel its economy. Qatar is our best bet because geographically it is the closest, ensuring the lowest transportation cost. Qatar is saddled with a capacity of 77 million ton per annum which it created in the hope of catering to the US market which of late has turned out to be an LNG exporter. Qatar’s LNG cannot go to Europe because it is happy with Russia’s piped gas. Qatar needs India and it cannot afford to allow other LNG producers to enter the Indian market. India has consistently bungled in negotiations for long-term LNG supplies. It cannot be a case of bad luck. Renowned energy experts maintain that India can strike a deal with Qatar for its entire requirement of LNG at an attractive price if it plays its cards well. Click Free Access Column Petro Intelligence for details.

In Guest Column, trading expert Ravinder Kumar examines the various issues contributing to oil glut. He discusses in detail OPEC role in creating the glut, supply disruptions and speculation.

Today's News [FREE Access]
Modi government's 3rd year to see more growth, says Jaitley
May 30, 2016: India will see a spurt of new projects during the third year of the NDA government, led by Prime Minister Narendra Modi, Union finance minister Arun Jaitley said. "It is normal for any government which enters the middle of its tenure to consolidate its road map for the future. For the Modi Government, the   more..


In US, gasoline prices at 11-year low. But its days are numbered
May 30, 2016: Even with global oil prices grinding higher, American holiday travelers will see the cheapest prices at the pump in more than a decade for this holiday weekend, saving nearly 50 cents a gallon compared with last year. But the bargain-basement prices are probably fleeting. Declining oil supplies have led to a   more..


ONGC mulling buying majority stake in GSPC's Krishna Godavri basin gas block
May 30, 2016: ONGC is mulling buying majority stake in GSPC's Krishna Godavari basin gas block which will help prevent the Gujarat government firm's Rs 195 billion loan from turning into an NPA. Since the BJP-led government took power in the Centre, Gujarat State Petroleum Corp Ltd (GSPC) is seeking to sell a majority   more..


More to Cairn India CEOs’ churn than meets the eye
May 30, 2016: Family values’ compound the downturn in the Vedanta Group’s commodities portfolio. The revolving door at Cairn India’s top management office has been spinning ceaselessly in recent years. The oil-and-gas major, which was once considered the Vedanta Group’s prized asset in India, has seen   more..


Kuwait to spend $115 bln on oil projects: official
May 30, 2016: OPEC member Kuwait has earmarked 34.5 billion dinars ($115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said. "We have earmarked 34.5 billion dinars for spending on oil projects over the next five years," Wafa al-Zaabi, head of planning at Kuwait Petroleum   more..


Our govt saved Rs. 360 billion leakages: PM
May 30, 2016: Prime Minister Narendra Modi has said that his government has saved over Rs.360 billion leakages in its campaign against corruption. "In our campaign to stop corruption, our government has saved over Rs. 360 billion leakages. About 16.2 million ration cards have been recovered," said Modi at India Gate   more..


M-cap of top 10 cos swells by Rs 985.98 billion, RIL big gainer
May 30, 2016: Driven by a sharp rally in the stock market last week, the combined market valuation of top- 10 most valued Indian companies soared by a whopping Rs 985.98 billion, with ITC emerging as the biggest mover. The market capitalisation (m-cap) of ITC skyrocketed by Rs 23,7.393 billion to Rs 2892.569 billion, scooping   more..


‘If ONGC finds it viable, it can work with GSPC… Are they India and Pakistan?’
May 30, 2016: MoS, petroleum and natural gas, Dharmendra Pradhan talks about the challenge of delivering fuel to the grassroots level, stresses on the need to make LPG and kerosene subsidies more targeted, reflects on the BJP’s defeat in Bihar, and says Assam ‘voted for its aspirations’. Why   more..

Petropulse / Guest Column
OPEC, Oil Glut, Disruptions, Speculation
Ravinder KumarDuring the last 18 months, OPEC did everything that it could to create Oil Glut by ensuring more supply than the world needed. This was to bring down oil prices to such a low level so that US Shale more...

IOG Exclusive
Saudi Aramco May Invest In Bathinda Refinery
May 5, 2016: Prime Minister Narendra Modi has been trying to persuade oil companies from the Middle East to invest in India. He is also equally keen that Indian companies get stakes in oil and gas fields in Middle East countries. Saudi Aramco, the state-owned oil major of Saudi Arabia, was the first to evince more...

Not much to show from Iran visit
April 13, 2016: The visit of the Minister of State Dharmendra Pradhan to Iran seems to have seen some bonhomie, but has been low on specifics; as indeed was the visit of the recent visit by Prime Minister Modi to Saudi Arabia. While the Minister met with his counterpart, the Iranian Minister of Petroleum Bijan more...

Time right for share sale of PSU OMCs
April 7, 2016: The Government seems to be interested in stake sales in some PSUs. While the experience of the previous years has been none too encouraging, this time around things could be different with a better interest being seen at least for the PSU OMCs. Recent news indicates that the Government has asked more...

Refineries Question Auto Mobile Manufacturers Objections To Commercial Fuel Specifications
April 1, 2016: Each country has its own fuel specifications and its own emission standards and for that reason India’s emission standards are classified as BS-IV and BS-VI and not Euro-IV and Euro-VI. These emission standards can meet with the commercial specifications notified by the government . Several other advanced more...

India’s E&P Sector Frustrates ENI, Still Holds On, But How Long?
March 30, 2016: ENI Of Italy entered India’s E&P sector relatively late, but made sincere efforts to make it success. However, circumstances beyond its control forced it to significantly reduce its presence in India. The question is whether it will quit India altogether. ENI had great hopes on two PSC more...

Deals with Russia on the anvil?
March 16, 2016: ONGC Videsh Ltd (OVL) along with other PSU oil firms Indian Oil Corp (IOC), Oil India Ltd (OIL) and BPCL are looking to purchase an additional stake, said to be more...

Re-introduction of customs duty on crude oil
February 26, 2016: There is definitely a move to re-introduce custom duty on crude oil, but whether this will form a part of the budget proposals to be announced on February 29 is not very clear. Refining companies are having anxious days. Petroleum Federation of India (Petrofed) has urged the petroleum ministry to take up more...

Flexibility in crude purchasing system for OMCs welcome
February 16, 2016: The Ministry of Petroleum and Natural Gas is considering moving a Cabinet note on the crude oil import policy that will allow the Oil Marketing Companies (OMCs) IOC, BPCL and HPCL to reduce tendering and source more crude on a spot basis, rather than through term contracts, as the bulk of current sourcing more...

Essar refinery sale: much goes on behind the scenes
February 8, 2016: What exactly is afoot with Indian conglomerate Essar Group’s oil refinery? This seems to be a question that many are asking given recent news that the company has reportedly completed preliminary discussions with Saudi Aramco regarding the sale of its refinery business to the National Oil Company (NOC) more...

Special Reports
Government of India Announces Launch of Auction of 67 discovered oil & gas fields
Policy for Discovered Small Fields: Government of India offers 67 Discovered Small Fields spread over 9 Sedimentary Basins with the prime objective of monetizing discovered fields more...

GSPC: Puny after all?
May 16, 2016: Besides the issue of GSPC’s Krishna Godavari Basin that is currently playing itself out on the national stage, another similar matter has perhaps not received the attention that it deserves-the scathing comments that the CAG has made on the Gujarat government-run Gujarat State Petroleum Corporation Ltd more...

Oil Market Outlook: After The Crash - Living With A New Reality
March 18, 2016: Platt's Oil Forum in Delhi and Mumbai at its Media Briefing on Thursday released a wealth of information regarding the oil market. The tables and graphs released by it cover almost the entire spectrum of oil market. The main theme is Oil Market Outlook: After The Crash - Living With A New more...

HELP: Old Wine in a Renamed Bottle?
Dharmendra PradhanMarch 11, 2016: The Government, after a somewhat lackluster budget for the oil and gas sector, seems to have decided to get the reform ball rolling. The Cabinet Committee of Economic Affairs, chaired by the Prime more...

Budget 2016 another tale of missed opportunities.
March 2, 2016: The Budget has proved to be a bit of a dampener for the oil and gas sector. To be fair, the current dispensation has not held out much for this sector in the previous two Budgets it presented as well. Once again, the Government resorted to ambiguities rather than specifics in some cases. For more...

How To Boost Coal Bed Methane Production? Part-II
February 4, 2016: The workshop on CBM potential is keen that the government comes out with a Unified Exploration Policy for conventional, CBM, shale oil and gas, tight gas. Operators should be allowed to explore for shale and tight formation hydrocarbons in CBM blocks to achieve better synergies, economics and ease of 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...

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
Nitin Prasad To Head Shell India
Nitin PrasadRoyal Dutch Shell Plc has announced that Nitin Prasad will take over from Yasmine Hilton as the Chairman of Shell Companies in India from October 1, 2016. Yasmine Hilton, more...

Ramboll Appoints Vidya Basarkod
Vidya BasarkodRamboll India, has announced the appointment of Vidya Basarkod as the Director of its Gurgaon-based Engineering Centre. A civil engineer by profession with a Masters in more...

Mayank Ashar To Step Down As Cairn India CEO
Mayank AsharCairn India Ltd has announced that Mayank Ashar, Managing Director and Chief Executive Officer, will step down from his post for personal reasons, effective June 5, 2016. Sudhir 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]
LNG Deals: India, Qatar Made For Each Other
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Why GAIL Wants Crude Prices To Surge Again
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GSPC’s KG Asset: Appalling Spectacle Of Blunders
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Saurabh Chandra’s Antics At PLL
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Foreign Investment
BP Prunes Stake In Castrol India
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Chempolis Forms JV With NRL
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Overseas Investment
ONGC Videsh Raises Loan For Stake In Vankor Field
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Gas Scene
Status of City Gas Distribution Networks in India
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Recoverable Coal Bed Methane Reserves as on 1st April, 2015
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Update: CNG Price vs. Petrol/Diesel Price Delhi
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Citi Gas Distribution - Challenges And Opportunities
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Update : Monthly average international gas price/ indices
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Update: Domestic Gas Price, Gas/CNG Prices world over in last 3 months
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Update : Sector-wise Consumption of Natural Gas in January 2016
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Update: Gas Production, Consumption and Imports
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State-wise Coal Bed Methane Resources in India
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Update: Gas Pipeline Under Execution / Construction
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Gas-based Power Stations Reduce India’s Power Defcit
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LNG imports
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Challenging times for the LNG Industry - Part III
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Challenging times for the LNG Industry - Part II
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Challenging times for the LNG Industry - Part I
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Possibly better terms for deepwater production welcome, but much yet to be clarified
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GAIL’s Attempts To Buy LNG Carriers Encounter Fresh Problems
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LNG Receiving Terminals Under Construction
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Global Liquefaction Plants Under Construction
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Latest PNG (Piped Natural Gas) Status
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Industry marketing infrastructure (as on 1st April, 2016)
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Exploratory Inputs by Indian Private Companies as on 1st January, 2016
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Customs & Excise duty rates (w.e.f. 1st March, 2016)
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India’s Estimate Shale Gas / Oil Resources
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Update: Company-wise Hydrocarbon Discoveries in NELP Blocks
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Basin-wise operative PEL & PML under Nomination Regime as on 1st January, 2016
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Refinery-wise Capacity Expansion
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Salient features of Paradip Refinery
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An Update of Domestic Oil & Gas Production vis a vis Overseas Production
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Update: High Sulphur (HS) & Low Sulphur (LS) Crude Oil Processing
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Update: Crude Price (Indian Basket) 2015-2016
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Investment under NELP (US$ Million)
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Exploratory Inputs by PSU Companies as on 1st January, 2016 since inception
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Hydrocarbon Discoveries in 2015-16 upto December 2015
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Year wise FDI inflows under Petroleum & Gas Sector
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Crude Oil and Natural Gas Reserve as on 1st April, 2015
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Estimated Hydrocarbon Resources in India
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Categories of Indian Sedimentary Basins
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Major LPG Pipelines in India
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Storage Capacity Unable To Cope With Mounting Oil Supplies
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Update: Major crude & Products pipelines In India
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High Speed Diesel End Users
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Tenders [FREE Access]
Bharat Petroleum Corporation Ltd.
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