Policy
Attention To Shift To LPG Pricing In Near Future?
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Refineries To Be Diplomatic Tool For Government?
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A Package To Entice E& P Cos To Intensify Exploration In N-E
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Can Ennore LNG Project Transform IOC from OMC to O&GMC?
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BPCL’s Proposed NRL Expansion Fraught With Risks
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Regulation
A Tale Of Three KG Basin Explorers
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RIL Seeks Chandra’s Intervention To Break Stalemate Over IBDP
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ONGC Opts Out, EOL To Hold 100% PI In Cambay Block PML
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GSPC- Heramec Seeks Approval For Excess ANG Sale
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ONGC Told To Speed Up Implementation Of Safety Measures
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Alternative Energy / Fuel
Large Import Saving Expected From Ethanol Blending
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New Projects
OMC’s Propose Railway Track Pipeline
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CPCL Takes Up Residue Upgradation Project
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Market Watch
Natural Gas
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Companies
Shell Lubricants
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DGH Accepts Oil India’s DOC For 3 Naharkotia Wells
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RIL Shortlists 2 Bidders For Design Review, CVA
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Greka Drilling Rigs Arrive In India
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77H Continues To Recover Light Oil And Frac Fluids
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Press Release [FREE Access]
Latest Exclusives

August 29, 2014: The government has always been sensitive to the inflationary impact of increase in the prices of petroleum products. This has been the provocation for subsidizing products such as diesel, LPG and Kero. The subsidy on diesel is going to be wiped in a month or two. What is the real impact of increase in the prices of petroleum products on inflation? We have collected product-wise details. Click Column Special Database.


August 28, 2014: How much crude, domestic and imported, did Indian refineries process in the last 10 years? What has been the capacity utilization of these refineries? Click for details Column Special Database.


August 27, 2014: The ongoing turbulence in Iraq has not affected crude supplies from that country. IndianOil has term contract with SOMO, the state-owned company and more than half of the contracted quantity has already been lifted since January this year. Also obtained is year-wise import from Iraq since 2011-12. Click for details Column Special Database .


August 26, 2014: India’s domestic gas production has been going down steadily. Following the production collapse in RIL-operated KG D6, India has been importing larger quantities of R-LNG. We have collected data regarding the total gas consumed by India, both domestic production and imports, during the last five years. Click for details Column Gas Scene.


August 25, 2014: The battle over gas price in India has assumed a Sisyphean dimension. Sisyphus, the mythical character, may be amused that his experiment with the rock is being repeated in India. According to a news agency scoop on August 3, based on a presentation by Ministry of Petroleum and Natural Gas, RIL, the operator of KG D6, will not get the enhanced price for gas which the Narendra Modi government will be announcing shortly. There was nothing new in this. This was the position even under the UPA government. If RIL and BP are not going to benefit by the price increase in the immediate future, why should they be striving so hard to have the gas price hiked? They do not have much gas reserves left to be produced either. Bob Dudley of BP is known to be a very shrewd businessman. So is India’s richest man Mukesh Ambani. Our Free Access Column Petro Intelligence tries to unravel the mystery.

August 13, 2014: It is likened to a Miniskirt which hides more than it reveals. The cute presentation on Gas Price Issues made by some resourceful brains in the Ministry of Petroleum and Natural Gas on July 31 hides almost all fallacies of the Rangarajan formula which we exposed through our Free Access Column Petro Intelligence. (Rangarajan Formula: Masterstroke Of Five Fallacies).

The presentation grossly overstates the well head price of gas in Europe. It ignores the well head price in Russia and the FSU as also the well head price in the Middle East, Africa, Latin America and Australasia. It overstates the domestic well head cost. Most importantly, it completely pushes under the carpet the multiple violations of the PSC till date and ignores the existence of the PSC for the future. We have obtained a copy of the presentation. Click  Column Gas Scene for details.

Today's News [FREE Access]
India’s External Debt Stock Stood at US$ 440.6 Billion at end-March 2014, Increasing by US$ 31.2 Billion (7.6%) Over the Level at end-March 2013
August 30, 2014: The Department of Economic Affairs, Ministry of Finance is bringing out the twentieth issue of the annual publication ‘India’s External Debt: A Status Report 2013-14’. The Report presents a detailed analysis of India’s external debt position at end-March 2014, based on the data released by the Reserve Bank   more..


Reliance Industries to invest $13 billion in projects, includes new refinery
August 30, 2014: The company wrote to the environment ministry last year for approvals to the proposed expansion. India's most valuable company, Reliance Industries, has sought the environment ministry's approval for a $13 billion upgrade to its Jamnagar complex, including a new 400,000 barrels per day (bpd) refinery,   more..


BPCL arm to build India's first cross-country pipeline
August 30, 2014: Numaligarh Refineries' project to ensure sustained supply of petroleum products to Bangladesh. India's first cross-country pipeline will connect to Bangladesh. Assam-based Numaligarh Refineries Limited (NRL), a subsidiary of Bharat Petroleum Corporation Limited (BPCL), will shortly begin work on   more..


Tribunal stays CCI order on Adani Gas penalty
August 30, 2014: The Competition Appellate Tribunal has stayed Competition Commission of India’s (CCI) Rs 250 million penalty and modification of the gas sale contract order against Adani Gas Ltd, the city gas distribution arm of Ahmedabad-based Adani Group. “No coercive steps shall be taken for recovery of   more..


Cairn India: Upsides capped
August 30, 2014: Limited uptick in near-term production, lower crude prices and fund allocation concerns loom. The news of Cairn India getting environmental clearance for increasing oil and gas production from the prolific Rajasthan block did provide some boost to investor sentiment, as the stock regained some lost ground   more..


Global crude oil price of Indian Basket was US$ 101.07 per bbl on 28th August, 2014
August 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$ 101.07 per barrel (bbl) on 28th August, 2014. This was lower than the price of US$ 101.39 per bbl on previous publishing day of   more..


ABG Shipyard
August 30, 2014: ABG SHIPYARD has sought shareholder approval to issue 56.4 million equity shares or compulsorily convertible preference shares to lenders to pare debt under its corporate debt restructuring scheme, the company said in a notice to the exchanges on Thursday. The company plans to price the equity shares at   more..


MCX-Natural gas is showing sign of a reversal
August 30, 2014: The price action over the last one month is suggesting the formation of a double bottom reversal pattern. The key resistance level to watch now will be ₹247 per mmBtu. A strong break and close above this level will confirm a reversal. The outlook will then turn bullish for the target of ₹257. In   more..

Petropulse / Guest Column
Conceptual Flaws in Oil Ministry Presentation
Kottilil NarayananThe 31 July presentation made by the Ministry of Petroleum and Natural Gas is now in the public domain. The Presentation, as reported in www.indianoilandgas.com, was primarily meant to more...

IOG Exclusive
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...

SWAN Energy Ltd Opposed To Regulations For LNG Terminals
July 15, 2014: Swan Energy Ltd (SEL) has told the Petroleum and Natural Gas Regulatory Board (PNGRB) that there is no need for regulations for LNG terminals as they are not natural monopolies like Gas Pipelines. It was responding to draft regulations for registration for establishing and operating LNG Terminals. more...

Centre For High Technology, USTDA Shortlist Refinery Modenisation Projects To Be Taken Up
July 10, 2014: The Indo-US Energy dialogue had identified four categories of refinery projects to be taken up under USTDA assistance. Slurry Hydrocracking for residue upgradation Fuel cost optimisation through CFBC/ gasifier. Energy Efficiency Management Refinery more...

Absence of KG D6 Crude Lands CPCL’s Cauvery Basin Refinery In Trouble
July 7, 2014: Normally, Chennai Petroleum Corporation Ltd’s (CPCL) Cauvery Basin Refinery (CBR) receives and processes about 20-22 TMT of Narimanam crude, 20-25 TMT of KG D6 crude and about 15-18 TMT of Ravva crude. CBR has been processing this crude mix based on the need more...

Solomon Associates To Participate In Benchmarking Of PSU Refineries For 2014 & 2016
July 4, 2014: The next cycle of bench marking for Public Sector Refineries begin in 2014 and ends in 2016. In accordance with the advice given by General Council of CHT, offer was sought from Solomon Associates for performance benchmarking of 15 PSU refineries. After negotiation, they agreed to offer for new more...

US Company Pangea LNG Keen On Strategic Partnership With ONGC
July 3, 2014: Pangea LNG, a US-based LNG export project in the Gulf of Mexico, has been negotiating with India’s state-owned Oil and Natural Gas Corporation (ONGC) for a strategic partnership for a year now. Frustrated with lack of progress, the company’s finance director Vivek Srinivasan has more...

DGH Agrees To Oil India’s Proposal for Force Majeure For Its KG Block In Andhra.
July 2, 2014: Oil India Ltd (OIL) is the operator of the block KG-ONN/2004/1 in the south Indian state of Andhra Pradesh. It had to stop field operations and negotiations for land acquisition for drilling locations on account of agitation for United Andhra Pradesh in Eastern Godavari district. OIL says in Andhra more...

Special Reports
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...

What Does MoPNG Expect From Site Restoration Consultant?
June 19, 2014: Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons are in the process of identifying a consultant for Guidelines on Site Restoration for Petroleum Operations. What do they expect from the consultant? We have collected the details. more...

Indian PSU Refineries Improve Their Performance
June 17, 2014: Indian public refineries strive to continuously upgrade the technologies in line with the international trend and as per the requirement. Indian refineries have accorded top priority for reducing the energy consumption through various energy conservation measures. Centre High Technology (CHT) had more...

ONGC’s Delayed Projects Costing More than Rs 5 Billion: Part-2
Oil and Natural Gas Corporation (ONGC) has quite a few projects costing more than Rs 5 billion whose execution has been delayed. These include projects in Mumbai High. We have obtained the details of these projects which are being released in two parts. 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
D. K. Sarraf – A Profile
D.K. SarrafOil and Natural Gas Corporation (ONGC) is the bluest of blue chips among India’s public sector companies. By virtue of its importance in India’s energy deficient economy, the post of Chairman and 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]
Gas Price Hike: A Sisyphean Saga
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Why Elango Went Without Elan
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Rangarajan Formula: Masterstroke Of Five Fallacies
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Bizarre Element In Gas Pricing Controversy
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Foreign Investment
Hardy Oil And Gas Issues Interim Management Statement
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Overseas Investment
PetroNeft - OIL To Restart Drilling Activities
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ONGC-Mittal Gives Up Oil Block in Nigeria
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Gas Scene
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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Natural Gas: Projected demand and domestic production In Coming Years
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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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Long term LNG tie-up
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General Consumer Price of Natural Gas in India
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MoPNG’s Advice Sought On Price Revision For Cairn India’s Ravva Gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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Crude Supplies From Iraq Continues Unaffected By Turbulence
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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 10th August, 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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Details of Orders GAIL Placed On Rolls Royce
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Year-wise, Block-wise Details of Profit Petroleum Payments Received by Government.
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Filling Cost Of Underground Crude Oil Cavern Storages
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Package-wise Physical Progress of Paradip Refinery Project (PDRP) as of February 2014
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Status of ONGC’s marginal field development
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Tenders [FREE Access]
Hindustan Petroleum Corporation Limited
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Engineers India Limited
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