Policy
Indian Companies Jump Off The Tightrope
more...


Opportunities Open Up For Indian Companies But...
more...


Indian Consumer: A Victim Of Official Hypocrisy?
more...


After Diesel And LPG, Government Looking At Kerosene
more...


SAGE-Promoted Deep-water Pipeline For Iran Gas Gaining Support
more...


Test Oil Belongs To Whom: Operator Or Licensee?
more...

Regulation
Cairn Can’t Shift Delivery Point, CB Crude For CPCL
more...


NGHP Expedition To Use Japanese Vessel CHIKYU For Drilling
more...


Focus Energy To Drill Deeper Appraisal Wells In Rajasthan
more...


DGH’s Proposal On Excusable Delays For Oil India-operated Block
more...

Alternative Energy / Fuel
India’s Praj Industries Gets Ethanol Plant Order
more...

New Projects
AFCONS Creates A Record
more...


LNG Terminal: GAIL, GDF Suez, Shell, Sign MoU
more...


India Mulls Building LPG And Natural Gas Pipelines To Nepal
more...

Market Watch
Oil Retailers To Open 35,600 New Outlets In Next 3 Years
more...

Companies
Swan Energy Ltd
more...


Woodside Strikes Deal With Adani
more...


Gulf Oil Lubricants, Whitmore Form Strategic Alliance
more...

Press Release [FREE Access]
Latest Exclusives

January 30, 2015: The production Sharing Contract (PSC) model under the New Exploration Licensing Policy (NELP) has certain problem areas. Ministry of Petroleum and Natural Gas (MoPNG) has been making efforts to identify these problems. Click Column IOG Exclusive for its assessment.


January 29, 2015: The estimated cost of National Gas Hydrate Program Expedition-02 Doubles, click Column Gas Scene for details


January 28, 2015: The Modi government’s move to pool prices of natural gas for supply to power sector seems to have run into problems. A decision on the issue was expected almost simultaneously with the announcement of the revised pricing formula for domestic gas. Obviously, there are some practical difficulties. Click Column Gas Scene for details.

January 27, 2015: Retail Outlets of Oil Marketing Companies such as IndianOil, Bharat Petroleum and Hindustan Petroleum are set for a massive increase in numbers in the next three years because the Modi government wants fuels to reach every nook and corner of the country. Certainly a noble intention. But what about the quality and quantity of fuels coming out of these pumps? The kickback-based allocation of Retail Outlets by successive political parties in power spoiled the petroleum scene. The investors could not recover their investment from the paltry commission they get from sale of fuels. Most of them have been resorting to adulteration of fuels and short-changing in quantity. The managements of OMCs could not obviously protest. The private players such as RIL and Essar are expected to provide quality fuels, but their market presence will remain negligible. Will Prime Minister Narendra Modi try to clean up the system? Click Our Free Access Column Petro Intelligence .

Eminent geologist Kottilil Narayanan passed away on January 21. Dr Narayanan wrote extensively for www.indianoilandgas.com and correctly predicted on October 10 a price war among international crude producers in a piece in our Guest Column. Maj. General S.C. N. Jatar remembers him.

Today's News [FREE Access]
Centre changes excise duty structure on branded diesel
January 31, 2015: The Central Board of Excise and Customs on Friday changed the duty structure on branded diesel, shifting to a combination of ad valorem and fixed rates instead of a fixed duty. The change in structure will not result in retail prices of unbranded diesel changing. The excise duty on branded diesel is made up of   more..


India to commission 5-mt underground oil storages by October
January 31, 2015: India has decided to commission over 5 million tons of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons. The first strategic oil reserve of 1.33   more..


RIL serves notice on govt decision to take away 81% of KG-D6
January 31, 2015: Reliance Industries (RIL) has served yet another notice, its fifth so far, challenging petroleum ministry’s decision to take away 81 per cent area of KG-D6 block, including five discoveries estimated to hold nearly a trillion cubic feet of natural gas. Documents with The Indian Express show that RIL   more..


Essar Oil sells rare jet fuel cargo: Traders
January 31, 2015: Essar Oil sold a rare jet fuel cargo for export in February, traders said on Friday. The refiner sold 37,000 tons of the aviation fuel for February 11 to 15 loading from Vadinar, its first such cargo since September, 2013, they added. The cargo was likely sold to BP at a premium of 50 cents a barrel to   more..


GAIL not to shut down plant but convert to supply feedstock
January 31, 2015: Gail India Limited has clarified there was no plan to shut down its LPG recovery plant at Lakwa in Assam but would convert it to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata in Dibrugarh district. GAIL's Lakwa plant will continue   more..


Unipec buys rare gasoil cargo from India
January 31, 2015: Unipec, the trading arm of China's Sinopec, bought a rare gasoil cargo from India's Mangalore Refinery and Petrochemical Ltd, trade sources said today. The company bought 65,000 tons of 500 ppm sulphur gasoil for Feburary 20 to 22 lifting from MRPL at a premium of about $1.10 a barrel to Middle East   more..


Mega rejig: Adani Enterprises moves power, ports businesses to arms
January 31, 2015: Diversified conglomerate Adani Group announced a wide-ranging restructuring to streamline its various businesses and unlock their potential. The $9.4-billion Group said its holding company, Adani Enterprises Ltd, will demerge its port, power and transmission undertakings but absorb its wholly-owned mining   more..


Global crude oil price of Indian Basket was US$ 46.28 per bbl on 29th January, 2015
January 31, 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$ 46.28 per barrel (bbl) on 29th January, 2015. This was lower than the price of US$ 46.55 per bbl on previous publishing day of   more..

Petropulse / Guest Column
The Riddle of Crude Oil Pricing
Maj. Gen. S.C.N. JatarAs we go along analysing each factor, we realise that most of the factors that go into determining the market price of crude oil are at play most of the time; some pulling the price up, some more...

IOG Exclusive
Problem Areas In PSC Model Under NELP
January 30, 2015: The production Sharing Contract (PSC) model under the New Exploration Licensing Policy (NELP) has certain problem areas. Ministry of Petroleum and Natural Gas (MoPNG) has been making efforts to identify these problems. Cost of unfinished work more...

Essar Seeks allocation of unallocated contiguous area along Raniganj (East)-CBM-2001/1 CBM block, West Bengal
January 23, 2015: Essar, Operator of Raniganj (East)-CBM-2001/1 CBM block, has requested for allocation of 16 sq. Km. and 7 sq. Km. contiguous unallocated area to them under Article 11.2 of the CBM contract for extraction of CBM gas. Further, Essar has sought permission to allow them to exploit CBM in the more...

Sale Price Of Condensate From RIL-Operated KG D6 A Bone of Contention?
January 22, 2015: Ministry of Petroleum and Natural Gas (MoPNG) sought and got from Hindustan Petroleum Corporation Ltd (HPCL) details of basis of the price which it agreed for purchase of condensate from RIL-operated KG D6. MoPNG asked its think tank PPAC to look into these details. PPAC has stated that the more...

Steering Committee Concerned Over Slow Progress In RIL-Operated CBM Blocks
January 21, 2015: Reliance Industries Ltd (RIL) is the operator of CBM blocks SP (East ) CBN-2001/1 and SP (West)-CBM -2001/1. Steering Committee (SC) raised concerns over slow progress of Development acclivities being carried out by RIL in the Blocks and directed RIL to speed up the Development more...

Govt. Approves Force Majeure For Adani Welspun’s Mumbai Block
January 20, 2015: Directorate General of Hydrocarbons (DGH) has updated the status of Mumbai Offshore Production Sharing Contract (PSC) block of Adani Welspun Exploration Ltd after the government approved 217 days of Force Majeure period. The Empowered Committee of Secretaries (ECS) had condoned the delay in more...

GAIL To Supply US LNG For Revival of Fertilizer plants at Gorakhpur, Barauni and Sindri
January 19, 2015: GAIL has committed to supply 2.4 MMSCMD of gas from its US contracted LNG for the revival of fertilizer plant at Gorakhpur. This commitment was made at a meeting taken by Prime Minister’s Principal Secretary. It now appears that GAIL has offered to supply LNG to Fertilizer plants at more...

NaftoGaz India-Duped Indian partners Asked To Hand Over Data & Information Of 3 PSC Blocks.
January 16, 2015: NaftoGaz India Pvt Ltd , a foreign company which faked its identity as an associate of Ukrainian state-owned NaftoGaz, had signed production sharing contracts with Indian partners for three blocks CB-ONN-2004/5, AA-ONN-2004/ and MZ-ONN-2004/2 .   more...

DeGolyer and MacNaughton (D&M) Submits Report on Gas premium for Deep, ultra deep and HPHT areas?
January 14, 2015: Has DeGolyer & MacNaughton submitted its report on gas premium for deep water and deep water and HP HT areas to the Indian government? There is no official confirmation, but knowledgeable sources say the report was finalized by January 10. The petroleum secretary has gone on record stating that the more...

E&P Operators Want Size Of Site Restoration Fund Raised
January 2, 2015: Production Sharing Contract (PSC) provides for site restoration/abandonment fund from the profits which will be entitled to tax exemption. At present there is a ceiling of 20 per cent of profits that can be deposited in site restoration fund.   more...

DGH Seeks Clarity On “Mineral Oil” In Next Union Budget
January 1, 2015: Directorate General of Hydrocarbons (DGH) has sought clarity on the term “mineral oil” to avail the tax holiday under Section 80 IB (9) of the Act   The term is understood to include Crude Oil and Natural Gas. However, clarity is lacking.   DGH contends that more...

Indian government is yet to clear the multi-client program proposed by TGS NOPEC Of Norway
December 30, 2014: TGS NOPEC Geophysical Company, ASA, Norway submitted four proposals under Geo-scientific Data policy of government of India to carry out 2D-Seismic acquisition, processing and interpretation with associated Gravity and Magnetic surveys as per Multi-client Speculative Model. The proposals are still being more...

OMCs- EIL Team Recommends 100 % E-tendering For Tenders of Value Rs Half Million & Above
December 24, 2014: Ministry of Petroleum and Natural Gas (MoPNG) had constituted a team of senior most procurement officials of Public Sector Oil Marketing Companies (OMCs) and consultant, Engineers India Ltd (EIL), under the convenor-ship of K.K. Gupta, director (marketing) of BPCL to look into issues connected with more...

LPG Subsidy Scheme Being Reviewed For Modification
December 19, 2014: Petroleum Planning And Analysis Cell (PPAC) had an initial meeting with the industry to examine the modalities to be followed for assessment of under recoveries presently being borne by the OMCs with respect to: LPG import losses Capping of marketing costs & margins at 2002 more...

Rajasthan Government Opposes Cairn India’s Move To Export Domestic Gas To Other States
December 17, 2014: Anil Aggarwal-Controlled Cairn India Ltd (CIL) has approached the Directorate General of Hydrocarbons (DGH) seeking permission to set up an additional delivery point at Palanpur in Gujarat for gas sales. The move has met with stiff resistance from the government of Rajasthan which in writing more...

MoPNG Concerned Over Delayed Projects, Decline In Crude Production, GRM
December 11, 2014: A review meeting called by Secretary of Ministry of Petroleum and Natural Gas revealed that as many as 55 out of a total of 86 projects under implementation have been delayed. The remaining 21 are expected to be completed by March 2015. more...

Special Reports
Policy Granting Extensions To PSCs To Monetize Small and Medium Discovered Fields
January 13, 2015: The government has formulated a policy for grant of extension to the Production Sharing Contracts for small and medium sized discovered fields. What is the need for a policy for this? Which are the major fields covered under the policy? What are the highlights of the policy? more...

Monitoring of Drilling Efficiency of E&P Companies
January 8, 2015: How is drilling efficiency of E&P companies measured internationally? Do Indian companies such as ONGC and Oil India follow the international pattern or do they apply a different yardstick. We posed these questions to Ministry of Petroleum and Natural Gas. more...

The Oil Price War of 2014 - Part 2
Kottilil NarayananDecember 23, 2014: Even if very few analysts or even journalists are as yet using the words “price war”, most of the widely read ones are focusing on the capture by the US and more...

The Oil Price War of 2014 - Part 1
December 15, 2014: Even the famous Hubbert’s Peak of 1970 did not mean reduction in US demand for crude. After 1970, US consumption went up from 11 MM bopd to 18MM bopd by 1996 and then to 20 MM bopd by 2003. It then declined to 18-19 MM bopd again and has remained nearly at these levels until 2013.   more...

Auditing Of RIL-Operated KG D6 As Narrated by CAG
December 9, 2014: We had reported in these columns the duel between official auditor, Comptroller and Auditor General (CAG), and Reliance Industries Ltd(RIL), the operator, over the auditing of Production Sharing Contract Block, KG-DWN-98/3( KG D6). The story has now come out in the CAG Report which has been more...

IndianOil and Bharat Petroleum Forming Joint Venture For Kochi-Coimbatore-Erode–Salem LPG Pipeline
November 27, 2014: The Boards of Indian Oil Corporation and Bharat Petroleum Corporation last year approved the proposal for joint bidding for the notice issued by the downstream regulator PNGRB for the LPG pipeline from Kochi to Salem. Accordingly, bid was submitted by the more...

Present Status Of RIL-operated block KG-DWN-98/3 in terms of the area retained and discoveries made
November 24, 2014: RIL-operated deep-water offshore block in the Krishna-Godavari basin, KG-DWN-98/3 (KG-D6), has been at the centre of a controversy following the downgrading of gas reserves from 11TCF to 3 TCF. The entire block was first declared a discovery area and subsequently reversed with mandatory relinquishment. We more...

IOC’s Paradip Refinery Project: A Status Report
November 19, 2014: Indian Oil Corporation’s 15 million ton per annum Paradip Refinery in the state of Odisha is scheduled for completion in February 2015. The project could not be completed as targeted on account of various factors. We have obtained the latest status of the project. more...

Status Of Crude Oil Strategic Storages
November 14, 2014: India had undertaken construction of three underground crude oil storage in unlined rock caverns at Visakhapatnam (1.33 Million metric ton), Mangalore (1.5 MMT) and Padur (near Udipi, 2.5 MMT) including pipelines and associated facilities. Original Completion Schedule: more...

Auto Fuel Policy: Status, Vision & Policy 2025
October 14, 2014: Following the intervention of the Supreme Court of India, the government launched the Auto Fuel Policy in 2003. The policy was being implemented in phases. A new Expert Committee has made recommendations for an Auto Fuel policy to be implemented 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
Dr. Kottilil Narayanan
Dr. K. NarayananDr. Kottilil Narayanan’s sudden passing away at Ahmedabad on 21 January comes as a shock to his many friends and well-wishers. He was active in writing for the Journal until just a month more...

Great Eastern Energy Corporation Appoints Non-executive Independent Director
S. SundareshanGreat Eastern Energy Corporation Limited, the fully integrated gas production, development and exploration company, announced the appointment of S. Sundareshan as a non-executive Independent director 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
Plug The Corruption In Pumps
more...

Oil Executives Crave For A Hands-off Policy
more...

Foreign Investment
Oilex Creating Facilities For Gas Sale
more...

Overseas Investment
Why Not An Audacious Bid For Rosneft or Tullow?
more...

Gas Scene
NGHP Expedition-02 Cost Doubles To Rs 6 Billion
more...


Pooling Prices Of Natural Gas Posing Problems?
more...


PNG (domestic) performance in last six months
more...


Sector-wise Supply of Natural Gas During FY 2014-15 (H1)
more...


KG D6: Sales Of Gas, Crude, Condensate, Expenditure, Profit Petroleum
more...


Shrinking Availability Of APM Gas complicates Domestic Gas Scene
more...


GAIL Advises Against Transfer Of Excess Funds In Gas Pool Account To ONGC, OIL.
more...


Non-grant of PEL by State Government for the CBM blocks
more...


Indian Team Holds Talks In Japan To Finalise Next National Gas Hydrate Expedition
more...


Gas pipelines Being Taken Up, Under Construction
more...


Government Finally Announces Price Of Domestic Gas
more...


The sector wise natural gas supply during FY 2013-14
more...


Revision of Domestic Gas Prices
more...


Gas Pipeline Utilisation As on March 31, 2014
more...


Performance Audit on ‘Supply and Infrastructure Development for Natural Gas’
more...


Status of shale gas in India
more...


PNGRB Gets Comments From Entities On Proposed CNG Guidelines
more...


SAGE’s Middle East- India Deep Water Gas Pipeline Gaining Acceptability
more...


Existing & Projected Re-gasification terminals and their capacity
more...


Natural Gas Production In 2013-14
more...


Projected production of domestic gas, and demand for gas in coming years.
more...


Which are the top 10 consuming countries of RLNG? How does India compare with them?
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 27th January, 2015
more...


Update On Royalty, Profit Petroleum, Production Level Payment and PEL & PML Fee
more...


PEL Still Pending for Exploration Blocks awarded up to NELP-IX
more...


Status update on achievement of target as per committed Work Program of FY 2014-15
more...


An Update of Indian Oil Corporation’s E&P, LNG Projects
more...


Arbitration Matters Relating To Upstream Petroleum Sector
more...


Installed Capacity of Refineries
more...


Import of Crude Region wise/ Country wise during 2011-12 to 2014-15 (April-September)
more...


Country-wise Export of Petroleum Products during 2011-14 and 2014-15
more...


Oil & Gas Projects to be completed by 31st March, 2015
more...


Oil & Gas Discoveries under PSC regime
more...


Drilling Performance Of ONGC, OIL During FY 2014-15
more...


Break-up of actual crude oil imports by PSU oil companies for the last three financial years
more...


Region- wise Crude oil imports during 2009-14
more...


India’s Transformation From Net Importer of Petro Products To Net Exporter
more...


Petroleum Sectors Contribution to Exchequer
more...


Petroleum Product Prices in India are lower or comparable with those in South Asia, USA, Canada & Europe
more...


Impact of Depreciation of Rupee against US Dollar
more...


Details of Projected Under-recovery for 2014-15
more...


Cost of Filling 1.03 MMT of Strategic Reserves with Crude Oil
more...


Story Of India's Rise From Net Importer To Net Exporter of Petroleum Products
more...

Tenders [FREE Access]
BG Exploration and Production India Ltd
more...


Cairn India Limited
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved