Policy
TAPI Faces Uncertainty As Terrorists Deepen Hold Over Route
more...


Not Much Being Heard About OVL’s Mozambique Project
more...


Spectre Of Subsidy Burden Begins To Haunt Upstream Companies
more...


More Competition In Fuel Retail Can Benefit Indian Consumer
more...


GSPC’s Survival As E&P Company Doubtful After DD Asset Sale
more...

Regulation
Hardy Opposes HOEC’s Scheme For PY-3, Proposes 3 Well Program
more...


ONGC Carries Out Closed Frac Acidizig For First Time
more...


Cess Conundrum Again Unsettling Domestic Crude Producers
more...


MGL’s CNG For 2-Wheelers Makes An Impact
more...

Alternative Energy / Fuel
HPCL To Set Up India’s First 2G Ethanol Bio-Refinery
more...

New Projects
McDermott Gets Saudi Aramco’s Offshore EPCI Contract
more...


Summit Group Bags LNG Project In Bangladesh
more...


LNG Terminal Proposed At Karaikal
more...


Reliance Commissions New Paraxylene Plant At Jamnagar
more...

Market Watch
Castrol And Tata Motors Ink Three-Year Global Pact
more...


OMCs Encourage No-cash Transactions
more...

Companies
Pan India Consultants Pvt Ltd
more...


3 Indian Cos In NNPC Crude Awards
more...


Asian Oil Field Allot Warrants
more...

Press Release [FREE Access]
Latest Exclusives
January 24, 2017: India is quite selective about the crude it imports. This is because the crude imported should yield products which the country needs most. Accordingly, the price of Indian basket of crude is different from others in the market. Click column Special Database for price of Indian basket of crude.

January 23, 2017: The year 2016 has witnessed a steady increase in LNG import. Share of LNG is expected to increase significantly in 2017. More than 50% of gas consumed is in the power and fertilizer sector. However, it is the CGD sector which is showing growth and future promise. Opportunities for growth are also expected from the refinery and petrochemicals sector. LNG procurement price will be the key driver of growth in the natural gas sector. Click Gas Scene for an update of Gas production, consumption and imports.

January 20, 2017: Click Special Database for Refinery-wise Fuel & Loss (April - September 2016).

January 19, 2017: Petronet LNG Ltd (PLL) is showing an interest in the Sri Lankan market following earlier interest in Bangladesh as well; and is reportedly considering establish LNG receiving infrastructure in the island country. But it should tread carefully, given prior Indian experience; and assess demand and well as last mile connectivity. Click Special Reports for details. 

January 18, 2017: Price of petroleum products influences inflationary situation in the economy. Each petroleum product has a weightage in the Wholesale Price Index (WPI) and therefore, changes in the price of petroleum products influence the rate of inflation. Click column Special Database for product-wise weightage and their role in the rate of inflation.

January 10, 2017: The Public Enterprises Selection Board (PESB) will soon begin to look for candidates to head the blue chip public sector, Oil and Natural Gas Corporation (ONGC). The term of the present incumbent D.K. Sarraf is ending on September 30, 2017. Sarraf is the luckiest CMD the company ever had considering the controversial nature of some of his initiatives. Who will succeed Sarraf? There is an acute shortage of talents in the petroleum sector. In the past, executive directors were not normally considered for the top job, but they are very much in the reckoning these days. ONGC has a qualified director from within. Oil India is not in a position to offer any. PESB alone cannot decide on the selection and will have to go by the wishes of the administrative ministry whose representative will be on the interview board. Click column Petro Intelligence for an impartial assessment of the situation.
Today's News [FREE Access]
UAE-India ties set to get further boost
January 24, 2017: With His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arriving on New Delhi on Tuesday on a three-day visit to India, India's ties with the UAE are expected to get a further boost. Mohammed bin Zayed, who will attend this   more..


FDI Flow Into Oil Sector Touches $ 1.18 billion
January 24, 2017: The FDI equity inflows during April 2014-March 2016 increased by 261% to $ 1.18 billion from $ 327 million during the same period in 2012-14, according to a government report. Among the major investments during the two year period until September 2016, Relay B.V. was responsible for an FDI equity inflow of $   more..


IOC airlifts auto fuel to Manipur to tackle blockade shortage
January 24, 2017: PSU major Indian Oil Corporation has airlifted 96,000 litres of diesel to Manipur to mitigate the impact of the fuel crisis triggered by the indefinite economic blockade by United Naga Council, which has been on for the past 84 days. According to official sources today, 32,000 litres of high-speed diesel in   more..


India's December LNG Imports Drop Almost 3%
January 24, 2017: India’s double-digit LNG import growth took a breather in the month of December, falling 2.9% on year, according to oil ministry’s Petroleum Planning and Analysis Cell. The total imports last month were 1.9bn m³, witnessing a drop for the second time in the current fiscal year (April-March).   more..


MLNG and VGS sign HOA for sales to Kakinada LNG terminal in India
January 24, 2017: Magnolia LNG, LLC (MLNG ), has signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS) in relation to the Magnolia LNG Project, in Lake Charles, Louisiana, United States (MLNG Project). The non-binding HOA provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA)   more..


Tullet Prebon to launch India and Middle East focus LNG Index
January 24, 2017: Tullett Prebon, one of the world’s leading interdealer brokers, is collaborating with Singapore Exchange (SGX) to develop a spot pricing index for the Indian and Middle East liquefied natural gas (LNG) markets to provide a credible, consistent and transparent pricing mechanism. The new index, expected   more..


Global Crude oil price of Indian Basket was US$ 53.46 per bbl on 20th January, 2017
January 24, 2017: 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$ 53.46 per barrel (bbl) on 20th January, 2017. This was higher than the price of US$ 53.18 per bbl on previous publishing day of   more..


Incentives for domestic production will boost oil and gas sector: Mahurkar
January 24, 2017: Ahead of the Union Budget, the oil and gas sector which is largely dependent on imports, expects the government to introduce incentives to attract investments for domestic production, Deepak Mahurkar, partner & leader (oil & gas), PwC said. Mahurkar also highlighted that innovative schemes should be   more..

Petropulse / Guest Column
Natural Gas: Bold, Positive Thinking And The Old Prescriptive
Vivek JoshiNatural Gas has suddenly been in the news in recent times much more than hitherto. Three things, however, stand out. At one end is the bold, positive and contrary, if not disruptive, thinking of the more...

IOG Exclusive
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 GSPC’s 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...

Continued Reforms the key to further growth in the energy sector in India
December 8, 2016: The concluding day of Petrotech show the focus shift to technical sessions as well as the valedictory one which saw the Union Finance Minister   Arun Jaitley and the Minister for Petroleum and Natural Gas,   Dharmendra Pradhan attend; earlier in the day the Transport Minister Nitin more...

Regulatory environment key to decide future for India’s energy sector
December 7, 2016: One of the themes of this year’s biennial jamboree was to find the fuels for the future as well as try and understand what India’s energy mix could be. While renewables are slated to increase their share in India, in line with global trends, there was a greater question over natural gas. Natural more...

Several issues of Relevance being discussed at Petrotech
December 6, 2016: The biennial oil and gas event, Petrotech, commenced on December 4 in New Delhi; organized this time under the aegis of Indian Oil Corportion. The event, perhaps the largest such gathering in south Asia, is seeing delegates, speakers and participants from across the world; as far afield as Venezuela among more...

OPEC cut will be watched closely by Indian Government
December 5, 2016: In a major development, the Organisation of Petroleum Exporting Countries (OPEC) has announced that it has reached an agreement to cut production by as much as 1.2 million barrels. Not surprisingly, this has had a major impact on oil prices, with both the WTI and Brent varieties of crude going up by more more...

Russian Presence Enhances Importance of Petrotech - 2016
December 2, 2016: A major attraction of the Petrotech -2016, beginning in New Delhi on December 5, is that it will be attended by a large contingent from Russia.   In the past , Russia shied away from the Petrotech conferences . According to sources, the Russian team will have quite a few members from the more...

Special Reports
Petronet LNG showing interest in Sri Lankan LNG market
January 19, 2017: Petronet LNG Ltd (PLL) is reportedly interested in the Sri Lankan market, and is particularly interested in establishing an LNG receiving terminal in the island nation. Sri Lanka does certainly need some amounts of natural gas, especially for power; and PLL apparently wishes to expand its footprint outside more...

ONGC’s rigs utilization performance
January 3, 2017: Ownership of rigs is not a yardstick to be rated as a major E&P company. Several E&P majors prefer hiring of rigs to owning them. ONGC has a total of 105 rigs in operation of which 74 are owned by it. Have all the rigs been utilized efficiently? more...

RIL seeks access to IOC LPG pipeline, could be win-win but…
December 1, 2016: India’s largest private sector company, Reliance Industries Ltd (RIL) has sought open access to the upcoming LPG pipeline which public sector firm Indian Oil Corp (IOC) is laying from Gujarat to Gorakhpur in eastern Uttar Pradesh. This would be India’s longest LPG pipeline, surpassing the one more...

India’s Oil and Gas Field Auction - An Exclusive Picture About All The Bidders
November 22, 2016: Government of India's oil and gas field auction concluded on November 21 has turned out to be a success in terms of response from companies within the country. The most positive aspect is that the auction attracted quite a few new players into the oil and gas sector. Some of these are solid companies with more...

GSPC seeks partners for onshore blocks, timelines appear aggressive
November 15, 2016: The Gujarat state PSU Gujarat State Petroleum Corporation (GSPC) is seeking partners for its onshore oil and gas blocks-said to be nearly 20 in number. This comes on the heels of news that it wishes to rope in flagship PSU ONGC to manage its KG Basin ‘Deendayal’ discovery. GSPC more...

Hardening Crude Prices Can Create Difficulties For Government
November 7, 2016: India’s finance minister Arun Jaitely had an extremely comfortable period since assuming charge a little over two years ago. The fall in crude price from a high of $ 132 to a low $28 a barrel happened during this period. India imports 80 per cent of its crude requirement and this has more...

Low Crude Oil Prices boost India’s Refineries fortunes
October 19, 2016: The precipitous fall in crude oil prices - from $106 a barrel in July 2014 to $42 per barrel in September 2016 may have dealt a hard blow to India’s offshore and onshore oil explorers –ONGC, OIL India and Cairn India -but India’s state owned refiners – Bharat Petroleum Corp. Ltd 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
GS Singhvi Arbitrator In ONGC-RIL Oil Dispute
Justice G.S. SinghviThe Ministry of Petroleum and Natural gas has appointed G.S. Singhvi, a former Supreme Court judge and Competition Appellate Tribunal chairman (Compat), as the government’s arbitrator in more...

Anantha Padmanabhan Is MD Of Alfa Laval (India)
Anantha PadmanabhanAnantha Padmanabhan has been appointed as the Managing Director, Alfa Laval India Limited and Cluster President for India - Middle East - Africa, with effect from January 1st, 2017. more...

S Padmanabhan Nominated As Tata Power Chairman
S. PadmanabhanTata Sons Ltd has nominated S Padmanabhan as the chairman for Tata Power Co Ltd with immediate effect. Padmanabhan, at present, serves as an additional director on the company's board. 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]
Hunt Will Soon Begin For Sarraf’s Successor
more...

IOC: Behemoth Needs A Colossus As CMD
more...

LNG: Bungles In The Deal-making Jungle
more...

Gas Case: Risks Of Tangling With Modi
more...

Foreign Investment
Largest FDI Deal Of 2016
more...

Overseas Investment
ONGC Videsh Wins Rights To Bid For Iran Oil, Gas Projects
more...


PLL Signs MOU For LNG Project In Bangladesh
more...


MongoliaTo Use Indian Credit To Build Refinery
more...

Gas Scene
Gas: Production, consumption and imports - an update
more...


Gas pipeline under execution / construction as on 30th September, 2016
more...


ONGC: Asset-wise break up of gas flared (April 2015 - March 2016)
more...


Update: Capacity Utilisation of Gas Pipeline Network as on 30th September 2016
more...


Update: Capacity Utilisation for LNG Terminals (Operational)
more...


Trend in sectoral consumption of natural gas in India (MMSCM)
more...


Gas Share Growth - Some International Examples
more...


CNG Sales
more...


Update: CNG Price vs. Petrol/Diesel Price Delhi (as of Oct 4th, 2016)
more...


Update: Growth in CNG-Stations/Vehicles
more...


Update: CGD Factsheet as of Sept. 2016
more...


Status of ONGC’s CBM Asset
more...


Natural Gas net availability
more...


Update: International Gas / LNG Prices
more...


Ultimatum from Iran on Farzad-B block not unexpected
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Update: Price of Indian basket of crude
more...


Refinery-wise Fuel & Loss (April - September 2016)
more...


Product-wise Weightage of Petroleum Pproducts and their role in the rate of inflation
more...


ONGC - Workover Rig Utilisation FY 2016
more...


Gross Refining Margins of refineries for April-September 2016
more...


Quantity and value of crude oil imports
more...


Update: High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MT)
more...


Domestic oil & gas production vis a vis overseas production
more...


Status of Shale Gas and Oil Development in India
more...


Details Of Oil & Gas Discoveries Made By ONGC In FY 2016
more...


Price Build-up of Retail Selling Price (RSP) of PDS kerosene at Mumbai
more...


Update: Distillate yield of PSU refineries
more...


Specific Energy Consumption (MBN number) update of PSU refineries
more...


Update: Retail Fuel Prices in India and Neighbouring Countries
more...


Update: Production vs consumption of petroleum products
more...


Imported crude & Domestic crude oil processing
more...


Hydrocarbon reserves in India
more...


Status of blocks under NELP (2015-16)
more...


No Of Auto LPG Dispensing Stations
more...


Break-up of marketing infrastructure as on October 1, 2016
more...

Tenders [FREE Access]
ONGC: 3D Seismic Data Acquisition
more...


ONGC : Oil Well Cement
more...

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