Policy
Rising Crude Price Ends Comfort Period Of Indian Economy
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Small Field Auction May Not Mean Success Of New Bidding Round
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Transnational Gas Pipelines Face Many Challenges
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Swan FLNG Unit Could Be Precursor Of More
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RDEL’s Pipavav Shipyard Could See More Action On Oil & Gas Front
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Regulation
ONGC To Redeploy Talents, Integrate G&G For Priority Plays
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New Players Impart Dynamism To India’s E&P Sector
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RIL Returns To KG D6 With Development Plan For MJ Field
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Measuring Performance Of Indian Refineries Through GRM
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Alternative Energy / Fuel
NRL Signs Contract With Chempolis For Biorefinery
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New Projects
ONGC To Develop 5 Fields Investing Rs 73.37 Billion
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Gujarat Petronet’s Pipeline Project Completed
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JDR Cables Wins Order
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RIL To Reach Full Scale Of Paraxylene Plant By March
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BPCL May Set Up Petrochemicals Unit In Bina
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Market Watch
Shell Lubricants Introduces Shell Advance Ultra
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Companies
Dynamic Drilling And Services
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HOEC Upbeat
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ONGC Notifies 2 More Discoveries
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Cairn India To Invest $1 Billion In Five Projects
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BPCL To Raise Rs 20 Billion By March End
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GAIL Forms JV With West Bengal Govt. For CGD
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Press Release [FREE Access]
Latest Exclusives
March 1, 2017: Myanmar offers tremendous opportunities for collaboration in energy sector. India is already participating in oil and gas projects in that country .The political situation in Myanmar now is congenial to deepen the relations. Click column IOG Exclusive for details.

February 28, 2018: Energy pundits have been predicting an unprecedented surge in India’s petroleum products consumption. Surprisingly, consumption dropped by 4.5 per cent in January 2017. Could be the impact of demonetisation. Click column Special Database for the official figures regarding the actual consumption in January 2017.

February 27, 2017: Wrongly conceived and faultily implemented, India’s downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) is practically dead. The regulators did not know how to regulate and what to regulate and in fact, there was not much to be regulated. PNGRB turned out to be a parking lot for retired bureaucrats The space occupied by PNGRB being costly, the government can save money by vacating it. The only surviving member of the Board can be shifted elsewhere. The Modi government will have to create a genuine regulator both for the upstream and downstream if it succeeds in merging all the oil and gas companies into a behemoth as announced by finance minister Arun Jaitley in his budget speech. It should be manned by dynamic characters who know the industry and not by retired bureaucrats. Click Free Access Column Petro Intelligence to read a comprehensive piece on the subject.
 
In Guest Column, Bhamy V.Shenoy, an acknowledged oil expert who worked with multinational oil companies, criticises the plan to merge oil and gas companies into a behemoth. He considers it a disastrous move.
Today's News [FREE Access]
Saudi Aramco to buy $7 billion stake in Petronas' RAPID refinery project
March 1, 2017: The deal signing was witnessed by Malaysian Prime Minister Najib Razak and Saudi King Salman, currently on a state visit to Malaysia - the first in over a decade. "Malaysia offers tremendous growth opportunities and today's agreement further strengthens Saudi Aramco's position as the leading   more..


Bangladesh's Petrobangla seeks $1.4 billion government funding for LNG imports
March 1, 2017: Petrobangla has sought $1.4 billion from the government to foot LNG imports in 2018, which was around 77.77% of the estimated total cost of importing, LNG cell chief Mohammed Quamrumman said Tuesday. "We sought the funding from the government as subsidy as we would not be able to realize the LNG import   more..


ONGC will gain strength, be $100 billion entity post merger: Experts
March 1, 2017: Oil ministry is preparing the groundwork for the mega merger of public sector oil companies. As per recent reports, one proposal is for upstream giant ONGC to acquire retail major HPCL for Rs 440 billion. Energy expert Narendra Taneja believes that the merger will help ONGC gain more strength   more..


A Small Village in Tamil Nadu Could Derail Modi’s Energy Project
March 1, 2017: It is one of Prime Minister Narendra Modi’s pet projects, born out of the grand ambition to make India self-sufficient in energy. While the renewables juggernaut moved slow, Modi saw an opportunity in tapping smaller oil and gas fields to reduce the country’s import dependency. But Modi’s   more..


Greka celebrates drilling milestone
March 1, 2017: Greka is the largest independent and specialized unconventional oil & gas driller in Asia. Its successfully completed the drilling of its 50th Coal Bed Methane (CBM) well for Essar Oil Limited in the Raniganj block, West Bengal with a total of 59,898 meters drilled. Chief executive and   more..


Assam Company India Limited receives US$ 3.54 million against damages
March 1, 2017: The Arbitral Tribune Board has announced following mentioned relief to Assam Company India Limited (ACIL) against arbitral proceedings with GoI in respect to Amguri field: ACIL has become the owner of 100% of participating interest of the Amguri field, from 40% participating interest earlier. Beyond its   more..


Global Crude oil price of Indian Basket was US$ 55.36 per bbl on 27th February, 2017
March 1, 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$ 55.36 per barrel (bbl) on 27th February, 2017. This was higher than the price of US$ 55.18 per bbl on previous publishing day of   more..


Jaitley's Plans For Oil And Gas Require Caution And Review
Finance Minister Arun Jaitley has revived through his budget speech a proposal first made in the mid-90s, and then in the early 2000s, that our public sector undertakings in the oil and gas sector be merged into one giant oil behemoth whose market value would top $100 billion, close to that of Exxon. In arguing for "an   more..

Petropulse / Guest Column
Merger Of PSU Oil Companies Will Lead To Modern Day Bhasmasura
Bhamy V ShenoyDo you remember how it was for air travellers when there was just Indian Airlines? We may face such conditions while buying petrol and LPG. Should we be concerned? Soon there will be just one brand more...

IOG Exclusive
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 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...

Special Reports
Latest LPG Profile
February 22, 2017: India has one of the largest LPG distribution network in the world. It is managed by state-owned companies. LPG for domestic cooking is a subsidised item.  Latest LPG Profile The salient points of LPG marketing as brought out in the LPG Profile for the period more...

All eyes on new entrants under the Marginal Fields Round
February 16, 2017: The Union Cabinet has awarded 31 oil and gas exploration blocks (44 fields) to 23 companies, of the total of 46 contract areas put on offer under the discovered small and marginal fields (DSF) auction rounds held earlier. The Government has reportedly stated that this may bring in gross more...

Oil and Gas Sector In Arun Jaitley’s Union Budget For FY 2017-18
February 2, 2017: In a major departure from his previous budgets, finance minister Arun Jaitely had three significant proposals for the oil and gas sector in the budget for 2017-18 presented on February 1, 2017. In Indian system, policy decisions are invariably made through the annual budget proposals. The more...

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...

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
Santrupt Misra Appointed Independent Director Of ONGC
Santrupt MisraMinistry of Petroleum and Natural Gas (MoP&NG) has appointed Dr. Santrupt Misra as Non-official Independent Director on the Board of Oil and Natural Gas Corporation Limited (ONGC) for a period of more...

Yogeshwar Sharma Appointed Director Of PFH
Yogeshwar Sharma, based in France, has recently been appointed as a director on the board of PFH Oil and Gas, a Calcutta based company promoted by Harsh V Poddar of Poddar group The Poddar-led PFH firm has won three gas blocks from ministry of petroleum and natural gas last week. Out of these three fields, two are in KG basin more...

Aurecon Appoints Alex Wonhas As MD
Alex WonhasGlobal engineering and infrastructure advisory company Aurecon has appointed Dr Alex Wonhas as the new global Managing Director to lead its Energy & Resources business which also spans Manufacturing. 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]
Regulatory Board In Its Death Throes
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Mega Merger A Recipe For Disaster
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ONGC-GSPC Deal Could Get RIL Off The Hook
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Hunt Will Soon Begin For Sarraf’s Successor
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Foreign Investment
Roseneft-led Consortium’s Acquisition Of Essar Oil Close To Compeltion
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Overseas Investment
Sri Lanka Launches Tender For Block Vacated By Cairn India
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Gas Scene
Coal Bed Methane (CBM) gas development in India update
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India’s Installed Power Generation Capacity
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LNG Developments
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Update: CGD Factsheet, CNG Stations & Vehicles
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Natural Gas Availability, Sectoral Demand and Consumption (December 2016)
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Update: Price of Domestic Gas
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ONGC’s Shale Exploration in FY 2016
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Gas: Production, consumption and imports - an update
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Gas pipeline under execution / construction as on 30th September, 2016
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ONGC: Asset-wise break up of gas flared (April 2015 - March 2016)
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Update: Capacity Utilisation of Gas Pipeline Network as on 30th September 2016
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Update: Capacity Utilisation for LNG Terminals (Operational)
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Trend in sectoral consumption of natural gas in India (MMSCM)
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Story Behind 4.5 % Drop In Petroleum Products Consumption
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LPG Coverage as on 1st January, 2017
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Status of ONGC’s marginal fields
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Fuel prices in Delhi
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ONGC: Exploration Activities, Reserve Accretion FY 2016
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Status of major crude oil and product pipeline network
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Indias Declining Self‐sufficiency in petroleum products - an update
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Power deficit: Region-wise position for December, 2016
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Trend in production and consumption of crude oil and petroleum products
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ONGC: Production and Financial Performance
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Update: Price of Indian basket of crude
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Refinery-wise Fuel & Loss (April - September 2016)
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Product-wise Weightage of Petroleum Pproducts and their role in the rate of inflation
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ONGC - Workover Rig Utilisation FY 2016
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Gross Refining Margins of refineries for April-September 2016
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Quantity and value of crude oil imports
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Tenders [FREE Access]
GAIL
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Bharat Petro Resources Ltd
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GAIL
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