Policy
RIL-BP Investment Plan For KG D6 Surprises Upstream Players
more...


Mega Refinery: Indian PSUs Need To Wait For Saudi Investment?
more...


Iranís Farzad-B Contract For Indian PSUs Calls For Political Intervention
more...


One More Consultant To Wrestle With Idea Of Integrating Oil PSUs
more...


Global Majors Yet To Show Bigger Interest In Fuel Retail In India
more...

Regulation
ONGC Aims To Generate 30% Revenue From Non-E&P Business
more...


Indiaís Natural Gas Production May Go Up By 50-60 MMSCMD
more...


Rising Onshore Production, Falling Exploration Activities
more...


Kerosene Import Stops As Consumption Drops
more...

Alternative Energy / Fuel
Primary and Potential Feedstocks in Asia Pacific Countries
more...


India Makes Progress In Tapping Non-Conventional Energy Sources
more...


Research Bodies To Develop Next Generation Fuel Resources
more...

New Projects
Greka Drilling Gets LoA from ONGC
more...


Petronet LNG Initiates Talks For Stake In Mundra LNG Terminal
more...


Joint Venture Bina Refiney To Be Expanded
more...

Market Watch
Rosneft To Enter Indian Retail Fuel Sector
more...

Companies
Weir Oil And Gas Services
more...


Aban Offshore Signs Contract With Brunei Shell Petroleum
more...


Chart Ferox Prepares Cryogenic Equipment For LNG Import Terminal
more...


Loyal Equipments Secures New Orders From IOC, RIL
more...


S-Oil Corporation Uses Technical Expertise From Lloydís Register
more...

Press Release [FREE Access]
Latest Exclusives
June 27, 2017: Almost all European countries have sharp political differences with Russia under Vladimir Putin and have joined hands with the United States in imposing sanctions against that country. Still, they buy Russian gas and oil. China fell out with Russia during the days of Mao, but a couple of years ago, it entered into a long term contract to buy Russian gas through one of the longest transnational pipelines. In comparison, the gas-starved India has been shying away from accessing the pipeline option to access natural gas. Iran was the first to offer gas but citing terrorist infested Pakistan which the pipeline will have to traverse, India has virtually dumped the offer. www.indianoilandgas.com, almost five years ago, reported about the existence of a powerful LNG lobby in India’s top bureaucracy and almost identified the person. This lobby did not raise the security concerns when Reliance and Essar set up huge refineries at locations close to border with Pakistan. Now a new LNG regasification lobby is set to emerge which will further block the pipeline option. Click Free Access column Petro Intelligence to read an exciting report about sophisticated operations of these lobbies.

In Guest Column, acknowledged oil expert, Bhamy Shenoy, writes about the decision of RIL-BP combine to invest $ 6 billion to develop three fields in KG D6. The proposed investment defies conventional business logic, but looks like a deliberate decision.

BP and RIL are giants in the areas they operate. They must have their own calculations when they announced their plans to invest over $ 6 billion to develop three fields in KG D6, but their logic is eluding the ordinary mortals in the upstream industry. BP is still silent on its plans for fuel retailing. Iran is undecided on awarding contract for Farzad B field. The basic difference is not precisely the price quoted by Indian PSUs. These are among the five issues discussed in column Policy. India finally settles the kerosene conundrum. Domestic gas production is to witness an uptrend in the immediate future. These are among the four subjects in column Regulation.


June 26, 2017: The uploading of our fortnightly issue, scheduled for Monday, June 26th, is postponed to Tuesday on account of Eid-al-Fitr which is a holiday in most countries.

Today's News [FREE Access]
Hindustan Petroleum Corporation Limited (HPCL) joins talks to buy stake in Russian oil fields
June 27, 2017: Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium negotiating buying a 49 per cent stake in Russia’s Vankor Cluster oil fields in the Arctic region. Originally, ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), signed an MoU to   more..


Building an energy partnership is key to PM Modiís visit to the US
June 27, 2017: Last night Prime Minister Modi arrived in the U.S. Capitol on his three-day visit to the U.S. during which he would meet with President Trump at the White House for the first time. Deliberations on energy cooperation would hold the key in the Modi-Trump Summit. According to the White House Press Secretary Sean Spicer, “The   more..


ONGC turns to use undersea infrastructure of GSPC
June 27, 2017: Oil and Natural Gas Corporation (ONGC) plans to use undersea infrastructure of Gujarat State Petroleum Corporation (GSPC) to produce gas from its own KG-basin fields in the Bay of Bengal. Last year ONGC agreed to buy 80% interest in the KG-OSN-2001/3 block, which sits next to the state-owned firm’s   more..


ONGC Matches Rig Move Record
June 27, 2017: The Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its own pre-monsoon rig move record set last year offshore India. Aqualis Offshore has also secured a new contract extension to support ONGC. ONGC executed a total of 33 jack up rig moves in April, May and June   more..


IGL to expand its reach in Delhi/NCR
June 27, 2017: Indraprastha Gas Limited (IGL) on Monday announced the opening of 34 new CNG stations by the end of 2017 to fulfill the growing demands of Delhi/NCR. IGL, which currently operates over 426 CNG Stations across Delhi/NCR has plans to start two new CNG stations in Rewari District of Haryana on a pilot basis. The   more..


RIL seeks shareholders nod to raise Rs 250 billion via debentures
June 27, 2017: Reliance Industries has sought shareholders' nod to raise Rs 250 billion through issuance of debentures on private placement basis to meet ongoing capital expenditures and general corporate needs. The special resolution is listed on the agenda of 40th Annual General Meeting of the company on July 21, 2017,   more..


Vedanta capacity expansion: Anil Agarwal details $6-7-bn investment plan
June 27, 2017: Working on creating a natural resources giant anchored in India, Vedanta's dream has only just begun and it will invest $6-7 billion in expanding overall capacity in 3-4 years, metals and mining baron Anil Agarwal said. Vedanta is the world's 6th largest diversified natural resources powerhouse   more..


Quenching the Indian subcontinentís thirst for LNG
June 27, 2017: The Indian subcontinent is on course to become one of the world’s fastest-growing markets for receiving LNG cargoes. Last year, India and Pakistan posted the world’s third and fourth largest annual increases in LNG imports, lagging behind only Egypt and China. In 2016, India imported nearly 20   more..

Petropulse / Guest Column
Why Did Reliance-BP Investment Plan For KG Basin Shock Oil Industry?
by Bhamy V. Shenoy* | Bhamy V ShenoyWhen Reliance Industries Ltd (RIL) found gas in 2002 in KG-D6 block, there was more...

IOG Exclusive
Sale of Kenyan trial cargoes to India of some note
April 24, 2017: In recent news, it appears that Asian countries China and India have emerged as main buyers of the trial cargoes of crude oil that Kenya plans to export beginning from June this year (although this is not fully confirmed at present). Apparently, the Turkana crude would be exported from the more...

Policy for extension of pre-NELP blocks positive but increased Government take a possible dampener
April 4, 2017: The Union Cabinet has approved a policy to grant extension to the extant Production Sharing Contracts (PSC) for pre-NELP blocks. This was timely for some of the licenses earlier granted for these blocks were reaching the end of their initial grant period, including that of the Cairn India operated Rajasthan more...

EIL Gets Engineering & Procurement Consultancy Contract For Expansion Of Dangote Refinery
March 29, 2017: Aliko Dangote is the richest Nigerian and he is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa . He is India’s Mukesh Ambani in Africa. The refinery being put up by the group, expected to be the largest single refinery in the world, has awarded more...

India looks to deepen energy ties with Myanmar
March 1, 2017: The just concluded visit of Indian Petroleum Minister Mr Dharmendra Pradhan to Myanmar came at a good time, as India looks to deepen its energy partnership with its eastern neighbour. There are indeed many areas for the two countries to collaborate, and the relationship has been constrained only by the fact more...

Deal with ADNOC could be the precursor of further ones
January 27, 2017: The visit of the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al-Nahyan, who was also the Chief Guest at this year’s Republic Day celebration, seems to have brought some good news in its wake. Although the matter was under discussion for quite long, the deal under which UAE’s National Oil more...

OVL sees its fortunes revive in South Sudan?
January 12, 2017: Just a few years ago, faced with escalating violence in the world’s newest country, ONGC Videsh Ltd (OVL), along with its consortium partners, was forced to shut down operations temporarily in its oilfields in South Sudan as a precautionary measure and evacuate its executives working in the African more...

OVL qualifies in Iran but development of the Farzad discovery still uncertain
January 9, 2017: ONGC Videsh Ltd (OVL), the overseas arm of India’s flagship PSU ONGC has qualified to bid for upstream projects in Iran; the list of qualified applicants has been uploaded on the website of the National Iranian Oil Co (NIOC). OVL is the only Indian company to have qualified to bid for projects in the more...

New licensing round in Cuba may be of interest to Indian firms
January 2, 2017: Cuba may restart its offshore hydrocarbon exploration campaign towards the end of 2017; and hold an auction for a number of blocks, including shallow-water and deep water ones.   While this marks a slight delay from the earlier scheduled more...

ONGC Concludes Deal To Acquire GSPCís Deen Dayal Asset In KG Basin
December 21, 2016: ONGC is understood to have finally decided to acquire the entire Deen Dayal asset of the Gujarat state-owned GSPC in KG waters. The process of Due Diligence which began 18 months ago has now been completed. The initial plan was to partner GSPC but acquiring equity stake, but considering the difficult nature more...

Special Reports
Iranian agreement with Gazprom is a kick in the backside, but all is not lost for India
June 8, 2017: Despite Prime Minister’s many travels abroad, the Government often seems to be finding itself on the wrong foot as far as India’s international relations are concerned. It has been reported that Iran has signed an agreement of some sort with Russian state-owned firm Gazprom for the more...

Ministry to look more closely at ONGC, OILís performance in nominated blocks
June 7, 2017: It appears that the Ministry of Petroleum and Natural Gas (MoPNG) has established special review committees to monitor the performance of the nominated blocks handed over the years to PSU upstream companies ONGC and Oil India Ltd (OIL). Apparently these committees will be headed by the upstream more...

Status Of Overseas Equity Oil & Gas Assets Of Indian PSUs
May 26, 2017: Energy security has been the aim of successive governments in India. As domestic oil and gas reserves were not sufficient to meet the requirement, the government took a deliberate policy decision to acquire oil and gas asserts overseas. The initiative started more than 25 years ago with the formation of ONGC more...

Mozambique gas projects facing major delays
May 11, 2017: LNG actually leaving the shores of Mozambique still seems a long way off; with the recent debt scandal in the country adding to the worries of the Indian companies invested in the African nation. Mozambique seems to be blowing now hot, now cold, at least as far as India is concerned. While the more...

Refinery Performance Improvement
April 21, 2017: The Centre for High technology (CHT) under the Ministry of Petroleum and Natural Gas carried out a Performance Benchmarking Study of 15 public sector Refineries through M/s Solomon Associates for three consecutive cycles 2010, 2012 and the study for 2014. The study reports involved comparison of various Key more...

Shellís decision not to pursue Kakinada FLNG project serves as a wake-up call
April 5, 2017: In an interesting move, global major Shell, which has been present in India for long through its LNG terminal at Hazira, and is one of the few foreign companies that also has a license to retail petroleum fuels in the country through its large investment in the LNG facility, has indicated that it would not be 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...

Personalities
Shashi Shanker Recommended For ONGC CMD Post
Shashi ShankerPublic Enterprises Selection Board (PESB) has recommended Shashi Shanker to be the Chairman and Managing Director (CMD) of India’s biggest oil and gas producer, the Oil and Natural Gas more...

Prakash Swahney Leaves IOC Board
Ajay Prakash SawhneyIndian Oil Corporation announced that Ajay Prakash Sawhney, Government Director, representing Ministry of Petroleum & Natural Gas, has ceased to be a Director on its Board with effect more...

Govt Seeks Applications For Top Jobs In Petroleum Companies
It is raining CEO jobs in the petroleum sector. The government of India is seeking heads for several public sector undertakings under the Ministry of Petroleum and Natural Gas. In the past few weeks, the Public Enterprises Selection Board, which has been mandated by the government to select personnel 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]
Gas Lobby Clouds Pipeline Option
more...

PLL Must Rediscover Its Roots
more...

Sarraf Could Win An Extension At ONGC
more...

Cheap LNG: A Distant Dream
more...

Foreign Investment
Tax Battle With Cairn Energy Intensifies
more...

Overseas Investment
ONGC Videsh Keen On Mexico Blocks
more...

Gas Scene
Domestic Natural Gas Scene: May 2017
more...


Assessment & Status: Shale Gas / Oil Resource
more...


In search of areas to increase share of natural gas in energy mix
more...


Gas for Power- No inclusion in Policy
more...


Recoverable Coal Bed Methane Reserves as on 1st April, 2016
more...


Estimated Potential Gas Demand - Diesel & Petrol Replacement
more...


CGD entities in India need fresh thinking
more...


Coal Bed Methane Resources in India
more...


State-wise GA-wise CNG Consumption during 2016-17
more...


Indiaís Gas Pipeline Status and the Initiatives
more...


Update : Capacity Utilization of LNG Regasifcation Terminals
more...


Coal Bed Methane (CBM) Gas Development in India
more...


CGD Factsheet as of March 2017
more...


Sector-wise gas consumption of domestic gas and RLNG - an update
more...


LNG Imports FY 2011 -12 to 2016-17
more...


Natural Gas Demand Projections 2017-18 To 2021-22
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Gross Refining Margins (GRM) of Indian refineries ($/bbl): FY 2016-17
more...


Market Capitalisation of Oil & Gas PSUs
more...


Falling Domestic Crude Production and Rising Overseas Production
more...


Specific Energy Consumption (MBN) - Industry Average
more...


Cost Comparison of traditional fuels and alternatives
more...


ONGCís Reserve Accretion Performance
more...


Uptrend In High Sulphur Crude Processing Continues
more...


Power deficit: Region-wise position for April, 2017 (% deficit)
more...


Variations In Crude & Products Import In April 2017
more...


PSU Average Distillates Yield (%wt.)
more...


Operator-wise Exploratory Work under PSC Regime
more...


Development of Hydrocarbon Discoveries under PSC Regime
more...


Crude price (Indian basket) and Domestic gas price: Month-wise
more...


Petroleum Industry Marketing Infrastructure As On April 1, 2017
more...


LPG Consumption Continues To Surge Despite PNG Penetration
more...


Export of Petroleum Products
more...


Significant variations in import of crude oil and petroleum products
more...


Update: Regasification infrastructure
more...

Tenders [FREE Access]
Petronet LNG
more...


GAIL
more...


Bharat Petroresources Ltd
more...

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