Policy
Pradhan’s Marketing Strategy Impressive, Outcome Unpredictable
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Politics Likely Behind Royalty Move
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Fresh Thinking Could Help In Acquiring Oil & Gas Assets
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Time To Do Away With Subsidy System Altogether?
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GST Bill Does Not Hold Out Much For The Petroleum Sector
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Regulation
Shah Panel Verdict May Unsettle Many Equations
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Niko Resources Again At Reserves Prediction Game
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Black Marketing Curbs On LPG Begin To Work
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Essar To Be First Shale Gas Producer
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Alternative Energy / Fuel
OMCs Invite Tenders For 20 Million Litres Of Biodiesel
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New Projects
L&T Hydrocarbon Gets $1.6 Billion Aramco’s Order
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MRPL Plans Rs 150 Billion Raw Coke Gasification Complex
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Samsung Heavy Linked To Giant Indian FSRU Contract
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ONGC Contract Goes To Fugro
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Fabtech Bags Rs 7.3 Billion Order
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HAL Offshore Get Additional Work From ONGC
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Market Watch
ExxonMobils Ambitious Plans For Indian Lubricants Segment
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Reliance Industries Clubs Petrol Pumps With Retail Arm
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New Criteria For LPG Distributorships
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India Ranks Low In Natural Gas Utilization
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Companies
Ryder Scott Petroleum Consultants
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RIL Close To Start Gas Production From CBM Blocks In MP
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GITL Signs Agreement With Ramagundam Fertilizers
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Press Release [FREE Access]
Latest Exclusives

July 27, 2016: Coming as it does in the wake of the move to reduce the number of public sector banks through mergers, industry circles tend to believe that the Modi government could consider the idea of merging all PSU oil firms. No one knows whose brain child it is. There is no harm in discussing ideas and the mega merger of all PSU oil firms cannot have greater relevance for the time being. Click column IOG Exclusive for details. 


July 26, 2016: International gas scene is witnessing two trends: Sliding Asian spot LNG price and Rising fuel oil price which will positively impact natural gas price. Click Gas Scene for details.
July 25, 2016: Wonders never cease. The commissioning and modernisation of a refinery can be launched simultaneously. This probably can happen only in India. The six million ton per annum refinery project of Nagarjuna Oil Corporation Ltd (NOCL) headed by K.S. Raju is unlikely to become a reality unless the NDA government forces a public sector oil company to bail it out by injecting funds. An old refinery from Germany, dismantled and brought to India 15 years ago, has been missing deadlines for the last four years now. Starved of cash, Raju has been knocking at the doors of many. Raju is from Andhra. Chandrababu Naidu is back in power in Andhra Pradesh as Chief Minister. He is an ally of the government at the centre. This could be the bail- out route. Click Free Access Column Petro Intelligence to read story about this wonder.

Petroleum minister Dharmendra Pradhan is reported to have made an impressive performance at Houston to market the auctioning of 67 small and marginal oil and gas fields. The question is: how many foreign oil and gas companies will participate in the auction? India seems to be his best bet. This is among five exclusive reports in Column Policy.

The A.P. Shah Committee Report on gas migration can settle the basic issue of interconnectivity of reservoirs but in the process it may unsettle many equations. How much compensation will it recommend? Will RIL respect the recommendation if the quantum of compensation is perceived to be large? Click Column Regulation for details. 


July 22, 2016: There is a perception in certain quarters that the level of taxes in the Retail Selling Prices (RSP) of Petrol (Gasoline) and Diesel is quite high. This does not seem to be correct. Measured in rupees, the share of tax is quite low in India compared to that in West European countries and Japan. The comparison is not all that favourable measured in dollar terms. The US has the lowest share of taxes in retail selling of these products both in rupee and dollar terms. Click Column Special Database for details.
Today's News [FREE Access]
India, US discover large deposits of natural gas in Bay of Bengal
July 27, 2016: Natural gas hydrate deposits were found in the Krishna-Godavari Basin in the Bay of Bengal by a joint expedition team, including the United States Geological Survey (USGS), the Indian government and Japanese scientists, said the USGS on Tuesday. The discovery has the potential to help India, which currently   more..


ONGC, Cairn India demand halving of cess on crude oil
July 27, 2016: ONGC and private sector Cairn India have demanded halving of cess on domestic crude oil production saying their burden has actually gone up after Finance Minister Arun Jaitley's Budget exercise aimed at reducing the levy. Oil and Natural Gas Corp (ONGC) paid Rs 4,500 per ton cess on crude oil it produced   more..


India shuns Nigeria’s crude, turns to Malaysia, Brunei
July 27, 2016: Bharat Petroleum Corporation Limited, BPCL has issued a spot tender to purchase several Malaysian light sweet crude grades, raising expectations that more Indian end-users could switch their focus to Southeast Asian supplies amid growing uncertainty over the exports of Nigerian crude grades. BPCL is seeking up   more..


GAIL seeks to defer Gazprom LNG contract
July 27, 2016: GAIL India Ltd is seeking to defer a 20-year contract to buy liquefied natural gas (LNG) from Gazprom PJSC until the Russian company’s Shtokman project begins production, officials at the South Asian country’s biggest gas transporter said. New Delhi-based GAIL signed a contract in 2012 to buy 2.5   more..


Greka Drilling bolstered by contract in India
July 27, 2016: Greka Drilling Ltd (LON:GDL) expects to drill as many wells in India as China this year as activity slowed in the first half. The unconventional oil and gas drilling specialist saw the number of metres drilled reduce by 52% as oil prices struggled, with 12,458m drilled compared to 26,367m a year ago. India   more..


Tie-up news boost Bumi Armada shares
July 27, 2016: Bumi Armada Bhd shares ended higher following its announcement that the company had tied up with India’s Shapoorji Pallonji and Co Pte Ltd (SPCL) to bid for new floating production, storage and off-loading (FPSO) projects. At 5pm yesterday, the oil and gas services-related company’s shares rose 0.5   more..


Panama Papers show Italian bribes' path to Algeria: ICIJ
July 27, 2016: Shell companies created by the law firm behind the "Panama Papers" played a central role in alleged Italian bribes paid to Algerian officials for energy contracts, an investigative journalism group said Monday. In new revelations from the leak of millions of internal records on offshore shell   more..


Global Crude oil price of Indian Basket was US$ 42.43 per bbl on 25th July, 2016
July 27, 2016: 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$ 42.43 per barrel (bbl) on 25th July, 2016. This was lower than the price of US$ 42.69 per bbl on previous publishing day of 22nd   more..

Petropulse / Guest Column
Oil Outlook 2nd Half 2016
Ravinder KumarAs per IEA- Oil Market Report June2016, oil demand is estimated to increase by 1.3 million barrels a day in 3rd quarter over 2nd quarter. The increased demand, if materializes, along with supply more...

IOG Exclusive
Mega merger of PSU oil firms may not be a great Idea
July 27, 2016: The Government is reportedly considering a proposal for a rather ambitious plan to merge as many as 13 PSU petroleum sector firms to create a single integrated entity that could be one of the largest companies in the world, perhaps competing with the US conglomerate General Electric in the Fortune-500 ranking. more...

News from Brazil not that good for Indian consortium
July 8, 2016: Recent news from Brazil is none too good for the Indian consortium that is working with the Brazilian National Oil Company (NOC) Petrobras. After a massive corruption scandal and other issues engulfed the Brazilian firm, now apparently it has intimated the Indian partners of a large delay in one of the blocks more...

Haldia Petrochemicals Seeks Permission To Market Motor Spirit
June 6, 2016: The Purnendu Chatterjee-controlled, Haldia Petrochemicals, has applied to the Ministry of Petroleum and Natural Gas (MoPNG) for permission to market motor spirit (MS). The application is on the strength of its investment in petrochemicals. The government policy permits companies with an investment more...

India Launches Fresh Exercise To Assess Hydrocarbon Resources
June 1, 2016: India’s prognosticated conventional hydrocarbon resources in its 15  sedimentary basins had been estimated at 28.1 billion metric tons of oil and oil equivalent of gas. Of this, offshore accounts for 18818 million tons and on-land 9270 million tons. Within offshore, Mumbai tops with 9190 million more...

Cochin Shipyard’s Maiden LNG Ship May Turn Out To Be Very Costly
May 31, 2016: With L& T and Anil Ambani-owned Reliance Defence opting out of the race for building LNG carriers for GAIL, the state-owned Cochin Shipyard Ltd (CSL) is the only domestic yard destined to do the job. The government has been persuading all the three yards with the intention of giving them order for one ship more...

Saudi Aramco May Invest In Bathinda Refinery
May 5, 2016: Prime Minister Narendra Modi has been trying to persuade oil companies from the Middle East to invest in India. He is also equally keen that Indian companies get stakes in oil and gas fields in Middle East countries. Saudi Aramco, the state-owned oil major of Saudi Arabia, was the first to evince more...

Not much to show from Iran visit
April 13, 2016: The visit of the Minister of State Dharmendra Pradhan to Iran seems to have seen some bonhomie, but has been low on specifics; as indeed was the visit of the recent visit by Prime Minister Modi to Saudi Arabia. While the Minister met with his counterpart, the Iranian Minister of Petroleum Bijan more...

Time right for share sale of PSU OMCs
April 7, 2016: The Government seems to be interested in stake sales in some PSUs. While the experience of the previous years has been none too encouraging, this time around things could be different with a better interest being seen at least for the PSU OMCs. Recent news indicates that the Government has asked more...

Refineries Question Auto Mobile Manufacturers Objections To Commercial Fuel Specifications
April 1, 2016: Each country has its own fuel specifications and its own emission standards and for that reason India’s emission standards are classified as BS-IV and BS-VI and not Euro-IV and Euro-VI. These emission standards can meet with the commercial specifications notified by the government . Several other advanced more...

Special Reports
Petronet LNG looking to expand beyond Indian shores
July Prabhat Singh19, 2016: Petronet LNG Ltd (PLL), India's biggest importer of liquefied natural gas (LNG), is apparently looking to expand its horizons and take its core expertise of operating LNG terminals more...

Kerosene reform could be the biggest reform in the Oil and Gas sector
July 12, 2016: The current Government has taken forward a number of reforms introduced by the previous UPA dispensation. But any reform in the kerosene subsidy system is clearly its biggest challenge due to a variety of reasons. After taking forward the reforms introduced by the previous UPA Government on more...

Changing Configurations, Complexity Of India’s Public Sector Refineries
July 5, 2016: The capacity, configuration and complexity of the refineries have undergone major changes with phase-wise capacity expansion and modernization. Starting with a simple hydro skimming refinery configuration in 1950s, comprising simple crude oil distillation, naphtha/kerosene/ATF treatment and more...

PSU Refineries’ Performance Improvement Program
June 23, 2016: Refineries in India were almost totally in the public sector for long. Some of them were built to process locally produced crude and the capacity of the refineries  in tune with the local crude availability. The refining technology happened to be from the erstwhile Soviet Union which was not always the more...

India’s Refining Capability & Latin America’s Heavy Crudes Make Formidable Combination
April 14, 2016: India is strong in its refining capacity. Latin America is rich in heavy crudes. In addition to being an emerging demand centre, India is a refining hub with state of art refineries located on the west coast capable of refining heavy crudes from Latin America and Carribean region (LA&C).   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...

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
Utpal Bora Takes Charge As Full-Time Oil India Chairman
Utpal BoraUtpal Bora has taken over as the Chairman and Managing Director of Oil India. Bora was Executive Director at Oil and Natural Gas Corporation (ONGC) before this appointment.  Bora has a rich and varied more...

Turkmenistan Names Head Of Oil & Gas Construction Concern
Myratgeldi Meredov has been appointed the chairman of Turkmenistan’s Turkmenneftegazstroy state oil and gas construction concern, according to a decree signed by Turkmen President Gurbanguly Berdimuhamedov July 20. The subdivisions of the state concern are engaged in construction of oil and gas pipelines and more...

Azam Sufi Appointed MD At Pakistan LNG Terminal
Azam Sufi has taken over charge of his new appointment as the Managing Director (MD) of the newly created Pakistan LNG Terminal Limited (PLTL). The government established PLTL to deal with the import, transmission and distribution of Liquefied Natural Gas (LNG) and has appointed Azam Sufi as the first MD of the 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]
Nagarjuna Refinery Awaits A Nudge From The Top
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In E&P, Big is Beautiful
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Agarwal’s Folly Spells Trouble For Cairn India
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Gas Price Fallout: RIL Ready To Back Down
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Foreign Investment
United States To Help India In Petroleum Sector
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Overseas Investment
Welspun Tubular Lays Off 100-Plus In USA
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Gas Scene
Sliding Spot LNG Price, Rising Fuel Oil Price
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Update Of Domestic Natural Gas Scene
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Update of Gas Pipelines Under Construction
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Natural Gas Production in North Eastern States for the last 5 years
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Gas Demand Projections For Current & Next Two Fiscal Years
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India’s Slowly Growing National Gas Grid
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India’s Gas Hydrate Program
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LNG Imports
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Status of City Gas Distribution Networks in India
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Recoverable Coal Bed Methane Reserves as on 1st April, 2015
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Update: CNG Price vs. Petrol/Diesel Price Delhi
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Citi Gas Distribution - Challenges And Opportunities
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Update : Monthly average international gas price/ indices
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Update: Domestic Gas Price, Gas/CNG Prices world over in last 3 months
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Update : Sector-wise Consumption of Natural Gas in January 2016
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Update: Gas Production, Consumption and Imports
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State-wise Coal Bed Methane Resources in India
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Update: Gas Pipeline Under Execution / Construction
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Gas-based Power Stations Reduce India’s Power Defcit
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Challenging times for the LNG Industry - Part III
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Challenging times for the LNG Industry - Part II
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Retail Selling Price (RSP) & % of taxes in RSP of petrol
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Crude Price (Indian Basket) since April 2015
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Retail Selling Price (RSP) of major petroleum products in India & neighbouring countries
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Number of Bottling Plants and Bottling Capacity State-wise, Plant-wise
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Shrinking Domestic Share In Rising Demand For Crude & Products
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Update: Domestic oil & gas production vis a vis overseas production
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Update: LPG Marketing Network at a glance
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Update: Gross Refining Margins (GRM) of Refineries
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The growth of India’s refining capacity over the years
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Crude oil production in last five years in North-East
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Update: India’s Refinery-wise Nameplate Capacity
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International price (ex-Singapore) of Petroleum Products
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The price of different types of crude India imported from FY 2013-14 to 2015-16
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Hydrocarbon Discoveries under Development in NELP Blocks
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Basin-wise Exploratory Inputs under PSC Regime as on 1st January, 2016
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ONGC: Ultimate 2P Reserve Accretion, Reserve Replacement Ratio (RRR) & Balance Recoverable Reserves
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Exploratory Inputs by Foreign Companies as on 1st January, 2016
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Industry marketing infrastructure (as on 1st April, 2016)
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Tenders [FREE Access]
Bharat Petroleum Corporation Limited
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