Policy
Chinese Shadow Looms Over India-Vietnam Energy Relations
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Progress Seen On Indian Natural Gas Sales To Pakistan
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Petroleum Ministry Wants States To Abolish Irrecoverable Taxes
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Dart Energy Also Looking To Exit
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IGL Acquisition Of MNGL: Positive For Company But…
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Regulation
MoPNG Turns Down GAIL’s Request For Support For E&P Blocks
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Additional Delivery Point For Gas Condensate From MA Field
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Cairn Proposes Geochemical Survey, Aerogravity Gradiometry
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GSPC Seeks Extension Of Mining Lease For Hazira Field
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Alternative Energy / Fuel
Large Import Saving Expected From Ethanol Blending
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Ethanol Blending To Get A Boost
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New Projects
East India Petroleum To Expand Storage Facilities
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Adani’s CGD Projects Waiting Authorization
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TOTAL Breathes Life Into TAPI Project
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Market Watch
NTPC Has A Problem Sourcing Gas
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LNG Pushes Down GAIL’s Net
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Companies
Aegis Group
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Key Capital Acquires Oil And Gas E&P Interests
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Aban To Raise $ 500 Million
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Press Release [FREE Access]
Latest Exclusives

September 30, 2014: India has under construction three strategic crude oil storage facilities in three locations in the South Indian states of Andhra Pradesh and Karnataka with a total capacity of 3.03 million metric ton (MMT) Though each storage was originally planned with a capacity of one million ton, the one at Visakapattanam will have marginally higher capacity of 1.03 MMT with the participation of HPCL. What will be the filling cost of 1.03 MMT of crude? We have obtained an official estimate under different exchange rates and different crude prices. Click Column Special Database for details.


September 29, 2014: Petroleum and Natural Gas Regulatory Board (PNGRB) had invited comments from entities on Proposed CNG Guidelines. Entities such as IOC, BPCL, HPCL, GSPC and RIL responded with their comments. We have prepared a summary of their comments. Click Column Gas Scene for details.


September 26, 2014: RIL Seeks A Higher Priority For Petrochemical In Gas Allocation, Click IOG Exclusive for details.


September 25, 2014: Upendra Prasad Singh has been appointed Joint Secretary in the Petroleum Ministry. Mr. Singh belongs to the IAS 1985 batch Odisha cadre. He was joint secretary in the Steel Ministry and his entire expertise seems to be in steel and minerals. He holds B. Tech from IIT Kanpur.


September 25, 2014: The Narendra Modi government will shortly raise the price of domestically produced natural gas. Almost simultaneously, it will announce pooling of natural gas prices for the power sector. These decisions will benefit both the Ambani brothers, Mukesh and Anil along with others in the two sectors. This is a balancing act by the Modi government. Reliance Industries Ltd has been totally opposed to pooling of gas prices. Has it relented now or has it been told to fall in line? Click Free Access Column Petro Intelligence to read an interesting piece.


September 24, 2014: Yesterday (September 23, 2014), we carried US consultant IHS-CERA’s presentation in New Delhi on the estimated cost of natural gas production in India. How realistic are its estimates? We have obtained the production costs available with Directorate General of Hydrocarbons (DGH) which are based on the actual data supplied by producers. Click Column IOG Exclusive for details.


September 23, 2014: Cambridge Energy Research Association (CERA) was a US-based consultant which was taken over by IHS Energy. IHS CERA made a presentation in New Delhi last year on India’s remaining gas reserves and the cost of production. The presentation assumes significance coming as it did in the wake of the intense lobbying to get the domestic gas price revised. It is not known at whose behest IHS CERA made the presentation. We are releasing today the salient points of IHS CERA presentation. Click Column IOG Exclusive for details.


September 22, 2014: When South Asia Gas Enterprise (SAGE) first proposed a deep water gas pipeline from Middle East to India four years ago, not many in the industry took it seriously. A similar pipeline proposed 15 years ago from Oman collapsed even before a feasibility report was prepared. But SAGE’s proposal has now gained acceptability not only in the industry but also in government circles. We have collected the highlights of the proposed pipeline. Click Column Gas Scene for details.


September 19, 2014: Ravinder Kumar, former General Manager of Reliance Industries Ltd (RIL) and an acknowledged petroleum trading expert, criticizes the Kelkar Committee’s Consultation Paper: Towards a New E&P Regime & a Roadmap for Market-Determined Pricing of Natural Gas for strongly favouring the Production Sharing Contract system. This suits the Indian corrupt system to earn higher profits through questionable means which will not be possible in a revenue sharing mechanism. He does not think Aiyar’s Column in the Times of India of September 14 has any merit but picks up one point to comment on and differs with P. Balakrishna’s piece in www.indianoilandgas.com on a few points Click Column Special Reports .


September 18, 2014: Even as RIL-BP combine is finalizing its strategy to bring in LNG, Shell-Total which owns and operates the Hazira terminal is expanding its capacity from 5 million ton per annum to 7.5 million ton. The expanded capacity will be available by end of FY 2016-17. Petronet LNG is expanding its Dahej terminal capacity to 15 million ton per annum, Click Column Gas Scene for the present and projected LNG import terminal capacity in India.

Today's News [FREE Access]
India just wants change: PM Modi tells CEOs at breakfast meeting
September 30, 2014: Over a power-packed breakfast meeting with captains of 11 large American corporations, Prime Minister Narendra Modi today pitched for big-ticket investments to develop India's infrastructure and create more jobs and enhance the quality of life. The Prime Minister is believed to have pitched the India   more..


ONGC no longer interested in Yamal LNG project
September 30, 2014: State-owned Oil and Natural Gas Corp (ONGC) is no longer keen to acquire a stake in Russian natural-gas producer OAO Novatek's USD 20 billion Yamal LNG project. ONGC Videsh Ltd, the overseas arm of India's largest oil and gas producer, along with Petronet LNG Ltd and Indian Oil Corp (IOC) was last   more..


More than half of U.S. unlikely to do business in India: study
September 30, 2014: More than half of executives in the U.S. are less likely to do business in India because of infrastructure issues, according to a new study. The study was conducted by APCO, a global communication, stakeholder engagement and business strategy firm, in close association with the Alliance for US India   more..


Dept of Chemicals wants ethanol blending programme to be restricted at 5%
September 30, 2014: The Department of Chemicals and Petrochemicals has urged the Petroleum Ministry to restrict its ethanol blending programme at 5% due to scarce production of ethanol and deficit in its availability for the chemical sector. According to official sources, chemical companies need ethanol as a basic chemical   more..


Centre may cap number of subsidised LPG cylinders at 9 to bring down deficit
September 30, 2014: The government plans to cut the number of subsidised cooking gas cylinders for households to nine from 12 a year as it takes on the mounting LPG subsidy after effectively eliminating the bill on diesel. The subsidy on cooking gas is estimated to rise 30% to Rs 600 billion this year, putting a severe strain   more..


Gail: subdued volume outlook in the near term
September 30, 2014: Outlook on natural gas transmission business continues to be dim, thanks to the capacity constraints for LNG. Gail: subdued volume outlook in the near term Gail’s transmission volumes declined 20% over FY11-14, mirroring the fall in India’s domestic natural gas production (down 32% since FY11),   more..


Global crude oil price of Indian Basket was US$ 94.78 per bbl on 26th September, 2014
September 30, 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 was US$ 94.78 per barrel (bbl) on 26th September, 2014. This was lower than the price of US$ 94.99 per bbl on previous publishing day   more..


NTPC secures term loan facility of $250 million
September 30, 2014: NTPC Ltd said on Monday that the company has concluded a term loan facility of $250 million arranged by Mizuho Bank’s Singapore branch. The loan carries a floating rate of interest linked to LIBOR and has maturity of seven years, the company said in a statement. The proceeds of the facility will be   more..

Petropulse / Guest Column
Reliance And The New Government
One oMukesh Ambanif the many tests of the new Narendra Modi- led government will be its official dealings with the Reliance Industries, India’s largest and politically dominant privately owned corporation. more...

IOG Exclusive
RIL Seeks A Higher Priority For Petrochemical In Gas Allocation.
September 26, 2014: Reliance Industries Ltd (RIL) has urged the Modi government to assign a higher priority while allocating natural gas which is a critical feedstock for petrochemical industry with “highest benefit to national economy”. RIL’s Dahej petrochemical complex is facing a shortage in gas supply. more...

How Expensive Is Natural Gas Production In India – Part-II
September 24, 2014: Yesterday (September 23, 2014), we carried US consultant IHS-CERA’s presentation in New Delhi on the estimated cost of natural gas production in India. How realistic are its estimates? We have obtained the production costs available with Directorate General of Hydrocarbons (DGH) which are based on the actual data supplied more...

How Expensive Is Natural Gas Production in India? Part- I
September 23, 2014: Cambridge Energy Research Association (CERA) was a US-based consultant which was taken over by IHS Energy. IHS CERA made a presentation in New Delhi last year on India’s remaining gas reserves and the cost of production. The presentation assumes significance coming as it did in the wake of the intense lobbying to get the more...

EAS Sarma Asks Petroleum Ministry To Challenge Justice Bharucha’s Appointment
EAS SarmaSeptember 11, 2014: Eminent retired bureaucrat EAS Sarma has once again taken up the issue of the appointment of Justice Bharucha as one of the arbitrators in KG D6 matter. more...

BPCL- Proposed Crude Pipeline Can Make Tremendous Impact On North East Economy
August 19, 2014: Bharat Petroleum Corporation Ltd (BPCL) in its proposal seeking expansion of Numaligarh Refinery Ltd (NRL) in the state of Assam has proposed a 1350 KM long crude oil pipeline. This pipeline project and its ROU can open up opportunities for expansion of Bongaigaon and Guwahati Refineries of Indian Oil more...

BPCL: Caught Between Unsafe Pipeline & Agitating People
August 12, 2014: Replacement of LPG pipeline from ONGC to BPCL LPG Plant at Uran has been giving anxious days to the BPCL management. BPCL’s LPG Plant at Uran in Raigad district of Maharashtra apart from being one of the largest plants in the region, is located at operationally critical location to more...

DGH Blocks Transfer Of Geopetrol’s PI & Operatorship To CAPIL For CBM Blocks In Madhya Pradesh
August 7, 2014: Geopetrol with 10 per cent Participating Interest (PI) is the operator of CBM block SP (N)-CBM-2008/IV in the state of Madhya Pradesh. Geopetrol wants to transfer the PI and operatorship to Coastal Andhra Power Infrastructure Ltd (CAPIL), an Anil Ambani group company.   Geopetrol cited more...

BPCL Seeks 53 % Capital Subsidy To Expand NRL’s Capacity, Cross Country Pipeline
S. VaradarajanAugust 6, 2014: The 3 MMTPA Numaligarh Refinery Limited (NRL) was set up at Numaligarh in the state of Assam in accordance with the provisions of the Assam Accord. The refinery has contributed more...

DGH Expands Scope Of Its Weekly Report On RIL-Operated KG D6
August 5, 2014: The Block has the following fields which are currently on production: D1 &-D3 Gas Fields: Non-Associated Gas fields, which have been on production since April, 2009. Currently, the fields are in declining phase. MA Oil Field: An Oil field with production of oil, more...

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...

Special Reports
Kelkar Committee’s Consultation Paper Errs In Supporting Production Sharing Contract System
 September 19, 2014: The Consultation Paper of the report of the Committee on Roadmap for Reduction in Import Dependency in Hydrocarbon Sector by 2030 has been divided into two parts. Part I deals with the steps to be taken more...

Presentation On State Specific Cost (SSC) On Crude & Petroleum Products.
September 17, 2014: In addition to Central Excise and Customs duties, crude and petroleum products are subject to State Specific Cost (SSC) some of which are irrecoverable. There was a presentation in the Ministry of Petroleum and Natural Gas regarding the need for abolition of all irrecoverable taxes on crude and products. We have obtained a more...

Positive Elements In Kelkar’s Consultation Paper, Aiyar’s Piece Riddled With Flaws
 The redoubtable Swaminathan S. Ankelesaria Aiyar has shot off a column in the Times of India arguing vehemently for selling gas to the highest bidder. It is ostensibly based on the second part of the consultation paper more...

The Gas Price Issue : Misunderstanding Basics – Willful or Unintentional?
 September 15, 2014: One does not expect Vijay Laxman Kelkar to make mistakes but in the case of Swaminathan S Anklesaria Aiyar one might presume that he did not catch the point when he insists in his recent article in the more...

How Did RIL, Hardy Negotiations Over Transfer Of PI Run Into Problems?
August 14, 2014: RIL with 90% PI is the operator of the block GS-OSN-2000/1. Hardy with 10% PI is the JV partner. The Phase -I Exploration period was from 16th August, 2001 to 6th July, 2008 including extensions. The total exploration period was up to 13th May, 2010. As per PSC MWP commitment for Phase-I of the more...

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...

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
Narendra K. Verma - A Profile
Narendra K VermaNarendra K Verma, the newly appointed Managing Director of ONGC Videsh Limited, is no stranger to the company. He had earlier served as Director (Exploration) and was responsible for the growth strategy more...

D Sen Is IOC’s Director (Business Development)
D SenD Sen has taken over as Director (Planning and Business Development) of the nation’s largest oil company, Indian Oil Corp (IOC).  Prior to this, Sen was Executive Director in-charge of Lubes at IOC’s more...

Eight Independent Directors of ONGC, MRPL removed
Government has removed three independent  directors of ONGC and five of its subsidiary MRPL . ONGC directors whose term has not been extended are P Umashankar, S Ravi, and R K Singh. Five non official part time directors of MRPL removed are C L Shah, Neela Gangadharan, Prof Usha Kiran Rai, Prof Jayant M Modak and Capt John 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]
A Balancing Act
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KG-D6: BP’s Dummy Run
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Gas Price Hike: A Sisyphean Saga
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Rangarajan Formula: Masterstroke Of Five Fallacies
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Foreign Investment
Dart Energy Exits India
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Oilex On Cambay Field, India
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Overseas Investment
BPCL To Invest Rs.130 Billion In Mozambique, Brazil Upstream Business
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Gas Scene
PNGRB Gets Comments From Entities On Proposed CNG Guidelines
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SAGE’s Middle East- India Deep Water Gas Pipeline Gaining Acceptability
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Existing & Projected Re-gasification terminals and their capacity
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Natural Gas Production In 2013-14
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Projected production of domestic gas, and demand for gas in coming years.
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Which are the top 10 consuming countries of RLNG? How does India compare with them?
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Gas pricing provisions under NELP
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India's Total Gas Consumption In Last Five Years
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Natural Gas Prices In The Domestic Market
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Details Of India’s Long Term Contracts For RLNG
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Presentation on Gas Price Issues
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GAIL's Investment and Partners In City Gas Joint Ventures
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NFCL Says Unavailability Of Gas Can Lead To Accidents in Its Plant
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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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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
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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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General Consumer Price of Natural Gas in India
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Cost of Filling 1.03 MMT of Strategic Reserves with Crude Oil
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Story Of India's Rise From Net Importer To Net Exporter of Petroleum Products
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Secret Of Oil Marketing Companies' Profits
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Quantities Uplifted from Private Refineries by OMCs
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Crude Oil Procurement Plan: 2014-15
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Impact of increase in prices of petroleum products on Inflation?
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Details Of Crude Processed in Indian Refineries In Last 10 years, Capacity Utilisation
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India's rising crude import dependence
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities as on 25th September, 2014
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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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Tenders [FREE Access]
Indian Oil Corporation Ltd.
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Engineers India Ltd.
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