Policy
Need An Astrologer To Predict Oil Market Bottom
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NELP-X Being Contemplated But Unlikely To Make Much Difference
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Small Beginning Made Towards Oil And Gas Sector Reform
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Open Access For Jet Fuel Infrastructure?
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Another Attempt To Mop Up Revenue From Depressed Oil Prices?
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Regulation
Stimulating Exploration To Increase Domestic Production
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This Time, It’s Oil Swap Proposal From Cairn India
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Niko Resources Calls Off Its Stake Sale Move
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Relentless Slide Of Natural Gas Price Upsets Domestic Producers
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6 CBM Blocks To Be Offered In 5th Round
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Alternative Energy / Fuel
India Considering 100% Bio-diesel Vehicles
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New Projects
India Approves Pipeline Project
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Investment By ONGC In KG Basin Projects
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Resid Upgradation Project Of Chennai Petroleum
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ONGC’s Neelam Redevelopment Plan
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Market Watch
Marketing LPG connections Online
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Companies
Magna Energy Ltd
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Mercator Limited Announces Oil Discovery In Second Well Also
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ONGC Notifies 4 Discoveries In Q1
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Cairn India Achieves 300 Million Barrels Mark
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Sakhlin-1 Has World’s Longest Well
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CPCL In News With Profits
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Press Release [FREE Access]
Latest Exclusives

August 28, 2015: Chances of ONGC Videsh Ltd (OVL) look bright in Mexico’s new exploration round. There are quite a few international players competing for blocks. Click column IOG Exclusive for details.


August 27, 2015: The consumption of gas in City Gas Distribution (CGD) is expected to almost double by FY 2016-17 with the addition of new cities, price advantage of CNG and increased use of PNG. Click Column Gas Scene for details.

August 26, 2015: Directorate General of Hydrocarbons (DGH) which acts as upstream regulator lacks powers to be an effective body. It can only make recommendations to Ministry of Petroleum and Natural Gas (MoPNG) and cannot decide on any issue. Now Petroleum Federation of India has forwarded to MoPNG quite a few recommendations to empower DGH to stimulate domestic exploration scene. Click Column IOG Exclusive for details.

August 25, 2015: Counsel for Mukesh Ambani-controlled Reliance Industries Ltd recently told the Supreme Court of India that under the Production Sharing Contract it signed with the Government of India, the price of natural gas was to be determined by the contractor and the role of the government was only to “approve” the proposed price. Technically right, but essentially wrong. It could be a case of selective amnesia or insufficient understanding of the sequence of events. Who brought the government to the pricing scene? This was the only way the Bombay High Court judgement which went in favour of Anil Ambani could be overturned. A classic case of setting the house on fire to kill a rat! Anil Ambani lost the battle for a share in KG D6 gas, but the Supreme Court verdict turned out to be disastrous for RIL as well. Click our Free Access column Petro Intelligence for details.

August 24, 2015: GAIL may have to relent on the issue of placing orders for LNG carriers with Indian shipyards. GAIL, on the basis of advice by consultants, has been resisting the pressure to place orders with yards such as L&T shipyard, Pipavav and Kochin Ship Yard. The Government is keen that at least orders for three carriers should be placed with Indian companies for promoting domestic manufacturing capacity. Click Column Gas Scene for details.

Today's News [FREE Access]
ONGC gets one-year extension to explore Vietnam block in South China Sea
August 28, 2015: Oil and Natural Gas Corp (ONGC) today said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea. It had in May applied to the Vietnamese authorities for a third extension of the exploration licence for deepsea Block 128 to maintain India's   more..


Reliance Industries' July oil imports rise nearly 25 per cent from June
August 28, 2015: Reliance Industries, owner of the world's biggest refining complex, imported nearly 25 per cent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance shutdown at one of its two plants, according to tanker arrival data from sources and ship tracking   more..


Indian Oil Corp raises oil import from Latin America to cut costs
August 28, 2015: Indian Oil Corp (IOC) is increasing crude oil imports from as far as Latin America and raising proportion of purchase from spot or cash market to cut costs, said Chairman B Ashok.  IOC, the nation's biggest oil firm, spent Rs 1650 billion on import of 43.9 million tons of crude oil in 2014-15. Ashok   more..


State oil firms like BPCL, HPCL seeking to buy 2.66 billion litres of ethanol
August 28, 2015: State-run fossil fuel retailers have initiated a move to buy 2.66 billion litres of ethanol to blend with petrol and meet the 5 per cent blending norm. The purchase could ease pressure on the sugar industry which is grappling with excess production and low prices. Bharat Petroleum Corp ( BPCL) has invited   more..


BPCL September exports highest in a year
August 28, 2015: India's Bharat Petroleum Corp Ltd has sold two naphtha cargoes, bringing its total sales for next-month lifting to 140,000 tons, its highest monthly export volume since September 2014. BPCL had late on Wednesday sold two 35,000-ton cargoes for Sept. 7-9 loading from Mumbai and Sept. 27-29 loading from   more..


Kakinada Seaports moves Hyderabad High Court against GAIL, HPCL
August 28, 2015: Private seaport owner Kakinada Seaports has moved Hyderabad High Court against PSU oil and gas giants GAIL and HPCL, alleging that it was deprived of the promised equity holding in the city gas distribution firm Bhagyanagar Gas. Kakinada Seaports has accused GAIL and HPCL, which held 25% equity stake each in   more..


Gas prices may fall to below USD 4.1-4.2/ mmbtu from Oct 1
August 28, 2015: Gas prices may fall from USD 5.16 to below USD 4.1-4.2 per mmbtu from October 1. Even at that price, India is going to have one of the cheaper gas prices and that is because the formula that was approved by this government last year gives a very high weightage to gas consumption, production and gas price in   more..


Global crude oil price of Indian Basket was US$ 42.63 per bbl on 26th August, 2015
August 28, 2015: 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$ 42.63 per barrel (bbl) on 26th August, 2015. This was higher than the price of US$ 42.59 per bbl on previous publishing day of 25th August, 2015.   more..

Petropulse / Guest Column
One Year Of Modi-led Government And The Ambani Factor
Mukesh AmbaniThe Modi-led NDA government has completed one full year in office. Scores of articles have been written assessing the government’s performance based on all kinds of relevant and irrelevant more...

IOG Exclusive
ONGC Videsh continues to show interest in Mexico
August 28, 2015: Recent reports indicate that OVL, the overseas arm of flagship oil and has PSU ONGC, has been shortlisted to bid for five shallow water blocks in Mexico. These will be Production Sharing Contracts covering nine Gulf of Mexico fields; and other companies in the fray are reportedly Chevron, Shell, Statoil, more...

Empower DGH To Promote Domestic Oil & Gas Exploration
August 26, 2015: Directorate General of Hydrocarbons (DGH) which acts as upstream regular lacks powers to be an effective body. It can only make recommendations to Ministry of Petroleum and Natural Gas (MoPNG) and cannot decide on any issue. Now Petroleum Federation of India has forwarded to MoPNG quite a few recommendations more...

Quiet Burial for GSPC’s planned KG Basin pipeline?
August 17, 2015: Amongst all the brouhaha over Reliance Industries Ltd (RIL)’s production, or rather lack of it, from the KG Basin fields that has led to the Government not allowing full cost recovery, one issue which has perhaps not received all the attention in recent times it could have done is the East-West pipeline more...

IHS Energy Advises Govt. To Accelerate Oil & Gas Discoveries Into Production
July 22, 2015: IHS says given the magnitude of the oil and gas sector impact on the growth of the overall economy, the current state of the Indian E&P sector requires a re-think of appropriate policies tailored to reflect and respond to its present status of a net energy importer. This re-think is required to drive the more...

TAPI and other cross-border pipeline projects unlikely to see light of day in near future
July 16, 2015: While the Prime Minister may have made stopovers at several of the former Soviet Union countries, energy projects between India and these countries still seem a fair distance away. Besides a few projects in energy-rich Kazakhstan, one project that has consistently been in the news has been the proposed natural more...

LNG shipping tender indicates the truth of the saying ‘Many a Slip between the Cup and the Lip’
July 13, 2015: Reality has struck home regarding the objective of constructing LNG ships in India, which was an initiative promoted as part of the Prime Minister Narendra Modi’s ‘Make in India’ program. Under this, the Government pushed its primary natural gas marketing and transportation PSU GAIL (India) more...

Chennai Petroleum Corporation – a BIFR case
June 29, 2015: It would appear that Chennai petroleum Corporation has not benefitted by becoming a subsidiary of Indian Oil Corporation as it has made losses for three consecutive years and is in danger of becoming a BIFR case. Chennai Petroleum Corporation had been consistently making profits till March 2011 more...

ONGC Videsh reluctant to acquire stake in Kazakhstan’s Abai block
June 22, 2015: It appears that Indian PSU oil explorer ONGC Videsh Ltd (OVL) is not likely to accept a 25 percent stake in the Abai oil block that was earlier offered by the Kazakhstan Government due to the block not being lucrative enough. The matter reportedly was discussed during the ongoing visit of Kazakhstan's more...

ONGC Videsh better off sticking to its line regarding PDVSA payments
June 17, 2015: According to reports, ONGC Videsh Ltd (OVL), the Indian Petroleum and Natural Gas Ministry and Petroleos de Venezuela SA (PDVSA), the Venezuelan state-owned oil firm have been in discussion over a sensitive issue. The issue pertains to the large amount that the South American company owes the Indian firm-more more...

Petronet LNG Ltd Not To Seek Fresh Applications For Selection Of Chief Executive
June 15, 2015: For the first time in its history, PLL is going to have a second round for the selection of its chief executive. In the first round over 60 candidates were in the race out of which 13 were shortlisted. These candidates were interviewed by a three-member selection committee headed by ONGC chairman D.K. Sarraf. more...

India and Russia discuss energy, but with little result likely
June 11, 2015: Indian petroleum and natural gas Minister, Dharmendra Pradhan met with Alexander Novak, the Energy Minister of Russia during the OPEC conference in Vienna. As may have been expected, the Indian Minister stressed on greater energy ties with Russia, which holds one of the largest crude oil reserves in the world more...

Special Reports
Oil and Gas Industry in UK Regularly Interacts With Government
August 19, 2015: UK Oil and Gas Industry Council has 23 members including 6 Government representatives, 1 Trade Union representative, 14 industry representatives and 2 representatives from Oil & Gas UK. Meets three times a year to focus on safety, supply chain: domestic and international growth, access to finance, more...

Consumption Pattern of Diesel & Petrol
August 14, 2015: Petroleum Planning and Analysis Cell (PPAC), an attached office of the Ministry of Petroleum and Natural Gas, engaged Nielsen India to conduct an in-depth research covering over 2000 retail outlets (RO) spread across 150 districts in 16 states in India. The study was focused to estimate the share of different more...

Malaysia’s Contract Systems & Incentives Stimulated Domestic Production
August 13, 2015: Malaysia’s Petroleum Income Tax Act (2010) provides for 38 per cent tax rate. However, in the case of marginal fields, as an incentive, the tax rate was reduced to 25 per cent. Similarly, the accelerated capital allowance was reduced from 10 years to 5 years. And also export duty more...

Industry Associations Clamour For Better Gas Pricing Formula
August 7, 2015: Association of Oil and Gas Operators (AOGO) is dominated by RIL and BP and therefore, any criticism by it against the gas pricing formula cannot be expected to get much attention from the Ministry of Petroleum and Natural Gas. But it has been joined by Confederation of Indian Industry (CII) which is far more more...

Politics and the Pipeline
August 3, 2015: GAIL (India) Ltd, the country’s flagship PSU transporter-marketer of natural gas, has not found the going all that easy in recent times. The volume of gas it has been transporting has been more or less stagnant or has even fallen in some cases (especially the regasified LNG that it has been transporting) more...

Long way to go for Kuwait Petroleum’s possible investment in OPaL
July 30, 2015: Kuwait Petroleum’s subsidiary firm Petrochemical Industries Company (PIC) has reportedly shown interest in acquiring a large stake, perhaps up to 40 percent, in flagship PSU ONGC’s petrochemical company ONGC Petro additions (OPaL) project at Dahej. This comes as the project nears more...

Views
Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on India's 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
Bhaskar Patel Appointed as MD Technip India
Bhaskar PatelWith immediate effect, Bhaskar Patel is appointed as Managing Director, Technip India Ltd. He takes over from Samik Mukherjee, who recently moved to Technip Corporate Services in Paris, France, as more...

AK Singh To Be New Gas Cracker MD
Ashok Kumar Singh, currently General Manager (Projects) at Brahmaputra Cracker & Polymer Limited (BCPL), the owner company of the Rs 10,000-crore Assam Gas Cracker Complex, has been selected by the Public Enterprises Selection Board (PESB) to be the next Managing Director of the company. He will 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]
RIL: Still Paying The Price For A Pyrrhic Victory?
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Scrap The Contract: Will Prabhat Singh Bite The Bullet?
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Regulatory Role For Tripathi?
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Foreign Investment
Carlyle Invests In DEE Piping Systems
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Overseas Investment
ONGC, Government Face Flak For Imperial Energy Acquisition
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Gas Scene
CGD – Demand and Supply
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GAIL May Place Orders For 3 LNG Carriers With Domestic Yards
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Growing demand for gas, domestic availability, Projected Imports
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Plenty of proposed LNG terminals but where is the LNG to come from?
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Actual Re-gasification Capacity Available
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Lack Of Storage Facilities In Indian Gas Market
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Gas Pipelines under execution / construction
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Status of PNG connections and CNG stations across India
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IGL Wins Battle Over Right To Fix Retail Prices Of CNG, PNG
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Projected Year-wise And Sector-wise Demand For Natural Gas
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Trends In Natural Gas Consumption In India
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State-wise Natural Gas Production Trends (MMSCMD)
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Some notable facets of IOC’s recent interim LNG purchase agreement
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Andhra Govt’s move to exempt LNG from VAT welcome
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Unbundling Of Transmission & Marketing Of Gas Business Still a Dream
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Gas Delivery Infrastructure
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Natural Gas Allocation Priorities
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History Of Gas Pricing In India
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Declining Share of Natural Gas In India’s Primary Energy Mix
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City Gas Distribution (CGD) Infrastructure, 300 More Cities Being Identified
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List Of Planned RLNG Terminals
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Trends in Consumption of Diesel for a period of 32 years in India
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LPG Consumption in India upto June 2015
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India's import dependency in Petroleum & Natural Gas Sector
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Month-wise HSD consumption and growth since April, 2013
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Power deficit: Region-wise position for June, 2015
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Country Comparison - Reserves in diferent stages
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Domestic Oil & Gas Production vis a vis Overseas Production
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Update Of High and Low Sulphur crude Processed In Indian Refineries
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Exploratory Inputs by Private Companies, PSUs & Foreign Companies
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Exploratory Inputs under Production Sharing Contract Regime
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NELP Hydrocarbon Discoveries Expected To Be Put On Production In Next Five Years
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 25th August 2015
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Updated Customs and Central Excise rates on Crude & Petroleum Products
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Updated Price Buildup of Petroleum Products
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Expansion of Existing Refineries
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Gross Refining Margins (GRMs) of Indian Refineries In FY 2014-15
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Hydrocarbon Discoveries in 2014-15 up to December 2014
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Details of operative Petroleum Exploration Licences and Petroleum Mining Lease
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India's Established Hydrocarbon Reserves as On April 1, 2014
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Estimated Hydrocarbon Resources in India
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Tenders [FREE Access]
Oil India - KG Basin, Kakinada
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