Policy
Developments In Crimea Open An Opportunity For India
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New Canadian LNG Projects To Impact Indian Market
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Indian Firms Expand Presence In Myanmar
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Rangarajan Committee Report To Be Junked?
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Alternate Business Model For ISPRL Under Consideration
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Huge Investment Required For Up-gradation Of Refineries
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Regulation
Santos Threaten To Return Contracts To Indian Government
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Focus Energy Proposes Relinquishment, Submits Integrated DOC
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Hasty Review Proposal For D-55 Appraisal Location Annoys DGH
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RIL, DGH Clash Over Cost Of Undrilled Exploratory Well
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Alternative Energy / Fuel
OMCs Record Ethanol Purchase Bails Out Sugar Mills
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ONGC, Finnish Firm To Collaborate In Ethanol Production
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New Projects
ONGC’s Development Plan For NBP-14 Block
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BPCL’s Hydrocracker Revamp & New CCR At Mumbai Refinery
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Warren Buffett’s Lubrizol Enters Gujarat
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MRPL's Delayed Coker Unit Goes On Stream
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ONGC To Replace Existing VSAT Infrastructure
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Market Watch
Price Of Jet Fuel, Non-subsidised LPG Cut
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HPCL’s Surprises Market By Fuel Oil Import Plan
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Diesel Price Increases Put On Hold
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Coal Bed Methane
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Companies
South Asia Gas Enterprise Pvt. Ltd.
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Trelleborg Expands Global Reach
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Rolls-Royce Runs Into Problems
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Moody's Affirms Oil India's Rating
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AION In Talks With Mercator For Up To $75M Deal
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Press Release [FREE Access]
Latest Exclusives

April 18, 2014: GSPC Keeps Regulator DGH In Dark About Crude Production In Cambay Field, Click for details Column IOG Exclusive.


April 17, 2014: Gas production from RIL-operated DI, D3 gas fields and MA oil field in KG D6 refuses to go up and still remains in the reverse gear mode. We have obtained the DGH-prepared Note on the production status of these fields as on March 24. Click for details Column Gas Scene. 


April 16, 2014: Will Saudi Aramco participate in India’s Strategic Petroleum Reserves Project? India is keen to involve Saudi Aramco and has already sounded it about its interest. Click for details Column IOG Exclusive.


April 15, 2014: Will Indian shipyards such as L&T and Pipavav get any order from the state-owned GAIL for building LNG Ships? We had carried in this column the assessment report of Lloyd Register on the capabilities of these yards in this area. We have now obtained the concerns of GAIL and ship owners in placing orders with domestic yards which they expressed at a meeting with representatives of L&T and Pipavav. Click for details column IOG Exclusive.


April 14, 2014: India has quite a few E&P operators with producing oil and gas fields. How much profit petroleum could the Indian government get from them? We have collected the details year-wise and block-wise. Click Column Special Database for details.

April 11, 2014: Government of India in consultation with National Oil Companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation has decided on amending the Crude Import Policy. No drastic changes as such but modifications to the policy formulated in May 2001. We have obtained the highlights of the existing policy, the need for amendments as being debated and the amendments proposed. Click Column IOG Exclusive for details.


Why did BP, the international E&P major, invest $ 7 billion in a lousy field like RIL-operated KG-D6 which has a production potential of 10-15 MMSCMD? We were stumped by this query from one of the regular readers of our Free Access Column Petro Intelligence. BP has a competent management under Bob Dudley, and an extremely alert shareholder community which knows the art of roasting. BP lowered the reserves of KG D6 from 10 TCF to 3 TCF. Yet it chose to invest $ 7 billion for a 30 per cent stake in 21-odd PSC blocks, most of which have already been relinquished. BP had its calculations and so had its partner RIL. We have responded to the questioner. Want to read? Click Column Petro Intelligence.

Today's News [FREE Access]
India needs multi-pronged approach to energy security: Petroleum Secretary Saurabh Chandra
April 19, 2014: India, the world's third largest oil importer, needs multi-pronged approach to addressing its energy security, Petroleum Secretary Saurabh Chandra has said. "The country needs a multi-pronged and coordinated approach of focused research in multi-disciplinary fields. There is no single answer to the   more..


Reliance Industries, HPCL Mittal plan refinery expansions
April 19, 2014: The new train will help Reliance diversify its crude portfolio and process some of the "dirtiest, heaviest and high acid crude". Reliance Industries, owner of the world's biggest refining complex, and HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, have sought environment   more..


Got seeks legal help on KG-D6 arbitration.
April 19, 2014: The ministry has asked law officers if the notices issued by BP and Niko are in accordance with the provisions of the production sharing contracts. The petroleum and natural gas ministry has sought legal opinion on the arbitration notices slapped by British energy giant BP and Niko Resources of Canada against levy of penalties for   more..


RIL posts marginal rise in Q4 profit
April 19, 2014: Reliance Industries on Friday reported a marginal rise in net profit to Rs. 56.31 billion in the fourth quarter ended March 31 from Rs. 55.89 billion a year earlier. Turnover rose 13 per cent to Rs. 978.07 billion Reliance said in a stock exchange filing. The company announced a dividend of Rs. 9.50 per share.   more..


$30 Billion Oil Pipeline to Be Built from Russia to India through Northwest China
April 19, 2014: Talks on the construction of the Russia to India oil pipeline project should conclude by mid-2014, officials from ONGC said. Thus, Russia is changing its energy export policy vector as strong demand for hydrocarbons, both in China and in India, one of the largest economies in the world, continues to grow. The   more..


Global crude oil price of Indian Basket increased to US$ 107.50 per bbl on 16th April, 2014
April 19, 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 went up to US$ 107.50 per barrel (bbl) on 16th April, 2014. This was higher than the price of US$ 106.52 per bbl on previous   more..


GAIL to cancel contracts for laying Tamil Nadu pipeline
April 19, 2014: GAIL (India) has decided to cancel contracts worth ₹2.10 billion for laying the 310-km Tamil Nadu stretch of the Kochi-Kottanad-Mangalore-Bangalore gas pipeline. The State-run company has spent ₹6.50 billion on contracts, which included pipe procurement and laying the pipes for this (Tamil Nadu) stretch. The total   more..


Minister assures uninterrupted oil supply from Monday
April 19, 2014: Minister for Commerce and Supplies Sunil Kumar Thapa on Friday said supply of petroleum products would be smooth and uninterrupted from coming Monday. Speaking at an interaction programme in the Capital today, the Minister said shortage of fuels in the market will end in three days. The minister said that an   more..

Petropulse / Guest Column
Who Owns The D 55 Field In KG-DWN-98/3?
Kottilil NarayananNIKO, the 10% share-holder in the RIL-BP-NIKO consortium for the KG-DWN-98/3 Production Sharing Contract (PSC) announced in September 2013 that a major discovery of gas and condensate had more...

IOG Exclusive
GSPC Forgets To Inform DGH About Crude Production In Cambay Block.
April 18, 2014: Who is afraid of DGH (Directorate General of Hydrocarbons )? Certainly not E&P operators who are supposed to be regulated by DGH. Why blame DGH which is only a technical wing of the Ministry of Petroleum and Natural Gas (MoPNG)? It has no executive powers but can only tender its advice. It sounds incredible more...

India Keen To Have Saudi Aramco's Participation In Strategic Crude Reserves Project
April 16, 2014: India has decided to double the capacity of its Strategic Petroleum Reserves from the present level of 5 million ton. Underground storage caverns presently limited to south Indian states of Andhra Pradesh and Karnataka will be set up in states such as Gujarat, Odisha and Rajasthan under the next phase which will more...

GAIL’s Dilemma Over Involving Indian Yards In LNG Ship Building.
April 15, 2014: GAIL through a communication to the prospective bidders shared the revised tender conditions in respect of 3 lots of LNG ships and 1 out of 3 ships in each lot to be built in Indian shipyard and the revised BEC. Representatives of both L&T and Pipavav were also called who made presentations and had more...

India’s Crude Import Policy Proposed To Be Amended
April 11, 2014: Government of India in consultation National Oil Companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have decided on amending the Crude Import Policy. No drastic changes as such but modifications to the policy formulated in May 2001. We have obtained the highlights of the more...

Fertlizer Industry Accuses RIL Of Dictating Terms On GSPA.
April 8, 2014: Fertilizer Association of India (FAI) which represents the entire domestic fertilizer industry has approached Ministry of Petroleum and Natural Gas (MoPNG) with a representation indicting Reliance Industries Ltd (RIL) for its “totally unjustified and highly monopolistic” stand on Gas Sale and more...

Lloyd Register’s Report on Assessment of L&T and Pipavav Yards to build LNG Ships.
April 7, 2014: Government’s attempts to encourage domestic shipyards to take up LNG shipbuilding remain stalemated over lack of requisite infrastructure. The state-owned GAIL plans to acquire quite a few LNG ships and it was willing to place orders with domestic yards at least for two or three to begin with. But more...

BP Denied Permission To Market Jet Fuel In India
April 1, 2014: BP Exploration (Alpha ) Ltd (BPXA) sought authorization to market Aviation Turbine Fuel (Jet Fuel ) claiming that the government of India’s policy its such an activity. It cited ATF (Regulation of Marketing) Order, 2001 and Resolution of March 8, 2002 to substantiate its claim. Clause 4 and 5 ATF more...

PSU Refineries Are In Search Of A Technology To Improve Refinery Margin
March 24, 2014: Senior executives of India’s public sector refineries who gathered at the instance of the US agency, USTDA, in Mumbai to discuss the subject of refinery modernization raised various issues which are relevant and game changer for improving refinery margin. They felt the emphasis should be to maximize value added more...

Time Taken To Develop A Hydrocarbon Discovery
March 21, 2014: The time required for development of hydrocarbon discoveries normally varies from 3 to 8 years depending upon various factors such as location/size of discovery, availability of infrastructure facility besides other oil fields services. The time required for development of hydrocarbon discoveries is- about 3 years more...

Geopetrol Losing Interest In India?
March 20, 2014: The latest news about Geopetrol is that it has informed Directorate General of Hydrocarbons (DGH) of its intention to transfer of assignment of 10 per cent Participating Interest (PI) and Change of operatorship of Geopetrol International Inc. (GII) to Coastal Andhra Power Infrastructure Ltd. (CAPIL) in CBM more...

Exiting Kenya Petroleum Refineries Is Not All That Easy For Essar Energy
Shashi Ruia March 18, 2014: Essar Energy through its subsidiary Essar Energy Overseas Ltd three months ago exercised the put option under the shareholders agreement to sell its stake in Kenya Petroleum more...

ONGC’s Ongoing Projects For Enhancing Oil & Gas Production
ONGC has taken development of new oil & gas discoveries as well as redevelopment of already producing fields to increase the recovery of crude oil & natural gas. The details are: more...

DGH On Look-Out For International Consultant On GIPIP
March 12, 2014: Ministry of Petroleum and Natural Gas(MoPNG) constituted a Standing Committee on Petroleum Industry Practices whose first meeting was held in the second week of February. Directorate General of Hydrocarbons (DGH) made a brief presentation highlighting the provisions of PSC/ CBM contract where “Good more...

OMCs Defend Purchase of Products From Private and Standalone Refineries.
March 11, 2014: OMCs are not able to meet the full requirement of products from their own refineries. In such cases they have the option either to import or procure from domestic private/ stand alone refineries. If the option of import is exercised, they would have incurred an additional cost of Rs. 39,860 million during more...

PSU Refineries More Sinned Against Than Sinning?
March 6, 2014: There is often a comparison of GRM of PSU’s refineries with Private and benchmarked refineries. This looks slightly unfair considering the difference in elements considered for computation of GRMs as well as the methodology. While PSU refineries are mandated to report their GRMs uniformly, Singapore GRMs are more...

ISPRL Proposes Next Stage Of Strategic Crude Storage In Rajasthan, Orisha, Gujarat and Karnataka
March 5, 2014: Engineers India Ltd (EIL) in its Detailed Feasibility Reports for the strategic crude storage caverns under Phase-II has revised the capacity at each location. Those at Bikaner in Rajasthan and Chandikhol in Odisha will have 3.75 million to capacity each while those at Padur in Karnataka and Rajkot in Gujarat more...

ONGC Seeks Drastic Changes In The Cabinet Note On Offshore Wind Energy Policy
February 26, 2014: According to the draft Cabinet Note on National Offshore Wind Energy Polcy, National Offshore Wind-energy Authority, (NOWA) would be the single window agency and would coordinate with concerned ministries/departments for necessary clearances. However, NOWA would only act as facilitator for getting clearance more...

GAIL Prefers Standalone Approach For Overseas Investment, MoPNG Constitutes Separate ECS For GAIL.
February 24, 2014: GAIL had embarked on deliberate policy of securing LNG supplies to meet the increasing demand of the domestic market and had been successful in making investments in some of the attractive projects.   It approached the Ministry of Petroleum and Natural Gas (MoPNG) with the proposal that more...

RIL Asked To Submit Revised DOC For D-39 & 41 Discoveries
February 20, 2014: Directorate General of Hydrocarbons (DGH) found fault with RIL’s Declaration Of Commerciality for discoveries D-39 and 41 in block KG-DWN-2003/1 as it got mixed with the reserves of discovery D-52. RIL was asked to submit revised DOC for D-39 & 41 discoveries excluding area and more...

Special Reports
Note To CCEA Seeking Relaxations In PSC Regime
A note for Cabinet Committee of Economic Affairs has been sent seeking relaxations, extensions and clarifications regarding provisions of PSCs for early monetization of hydrocarbon discoveries. Nine specific issues which have been taken up in the note have been identified by the more...

Competing Foreign Technologies For Modernization of Indian Refineries
March 19, 2014: US agency, USTDA, has been extending assistance to Modernise Indian refineries. As part of the exercise to select the right technology, senior executives of public sector refineries interacted with process licensors and other US firms. Companies which made presentation about their technologies are: UOP, Chevron Lummus Global, more...

Update of BPRL's E&P activities within and outside India
February 13, 2014: Among all the PSU downstream oil companies which ventured into E&P, Bharat Petroleum Corporation Ltd (BPCL) alone made it a success. BPCL’s E&P activities are being looked after y its fully-owned subsidiary, Bharat PetroResources Ltd (BPRL). We have more...

Government of India identifies four projects in the petroleum and petrochemical sector for foreign investment
January 9, 2014: Government of India has identified four projects in the petroleum and petrochemical sector for foreign investment. Government has begun soliciting investments in these projects through diplomatic channels. OPaL Petrochemical Complex at Dahej, Gujarat Oil & more...

Adulteration Of Petroleum Products
Adulteration is a major problem in India’s petroleum industry dominated as it is by Public Sector Undertakings which are controlled by the political leadership. A large number of retail outlets are owned and operated by politicians and these outlets used to be allotted on considerations other than merit. We have obtained more...

Gopalakrishnan Report On Shortfall In Gas Production In RIL-Operated KG D6
P. Gopalakrishnan was hailed as an “eminent geologist” by former petroleum minister Murli Deora who was considered very close to Mukesh Ambani-controlled Reliance Industries Ltd. Ministry of Petroleum and Natural Gas had asked Gopalakrishnan to examine the factors which led to the crash in production in KG D6. DGH had accused RIL of more...

Interviews
Interview with Rajeev Sharma, M.D, Adani Energy
Rajeev Sharma knows gas business better than many in the petroleum sector. As founder MD of the highly successful Indraprastha Gas Ltd (IGL), he demonstrated his dynamism and business acumen. He left GAIL (India) to join the rapidly expanding Adani Group to head its energy company, Adani Energy which again is a great success 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
Padmanaban Is MD Of Numaligarh Refinery
P. PadmanabhanP Padmanabhan is the news Managing Director of Numaligarh Refinery. Padmanabhan is a Bachelor of Engineering (Chemical) of the 1980 batch of National Institute of more...

Suzanne Lim Appointed Team Leader
Suzanne LimDynamic Oil Trading, the global trading company for marine fuels and lubricants, appointed Suzanne Lim as Team Leader, Worldwide Market. Based in Singapore, Suzanne more...

Max Petroleum Plc Appoints New Chief Operating Officer
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, has announced the appointment of Kenneth Hopkins as the Company’s Chief Operating Officer. Hopkins will continue to serve as General Director of the Company’s operations in Kazakhstan, a position he has held since May 2013. Richard Hook, Hopkins 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]
How Deep Does The Gas Run?
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Foreign Investment
Oman Eyes Minority Stake In Indian LNG Project
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Bengal Energy Announces Largest Drilling Campaign
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Oilex Provides Operational Update On Cambay-77H Well
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Overseas Investment
Oil India-led Consortium Bags Two Myanmar Oil Blocks
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Gas Scene
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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Gas Sales Status from KG-D6 block
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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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Gas produced from KG-D6 block since the commencement of commercial production
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Details of Existing, Upcoming and Future Regassified LNG Terminals
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The Current Construction Status of Gas Pipeline Project by GAIL in South India
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List of GAIL's of Pipeline Projects to be completed in FY 2014-15 and others beyond 2014-15
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GAIL’s Performance Targets For FY 2014-15
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Projection of Natural gas production in 12th Plan (2012-13 to 2016-17)
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How much natural gas did India consume in 2012-13? How much of it came from domestic sources and how much as LNG import?
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E&P Gas Production Projects Under PSC Being Implemented
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Government's Share Of Profit Petroleum From RIL-operated KG D6 April-June 2013, Original & Revised
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Details of Promoter Corporate Guarantees given by GAIL on behalf of its Associated Enterprises
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Status Note on Natural Gas Pipelines in Tamil Nadu
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IOC, GAIL Emerge As Business Rivals In Supply of RLNG To MFL
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Should Asian Development Bank Be Appointed Advisor To TAPI Pipeline?
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ONGC Charges T&P Fee on Non-APM Gas To GAIL Which Is Facing Consumer Resistance.
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Non -Commercial Gas Discoveries For Which DoC Submitted by Private Contractors
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The proposal of pooling of domestic gas with RLNG for improving the utilization of stranded gas based capacity
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Consumer Price Natural Gas
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Stranded/Under Construction Gas-based Power Plants Awaiting Gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Year-wise, Block-wise Details of Profit Petroleum Payments Received by Government.
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities Updated as on 9th April, 2014
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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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Details of crude oil and natural gas reserves established by ONGC, OIL and Private/JV companies since inception.
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Details of hydrocarbon discoveries made in last 6 years and current year till date by ONGC, OIL and Pvt/JVs
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The royalty paid by PSUs, Private, both Indian and Foreign, E&P operators during the last 5 years
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Under-recoveries On Regulated Petroleum Products During October – December 2013, Product-wise, Company-wise.
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Pending Issues of RIL operated PSC blocks
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Pattern of crude oil available for allocation in 2012-14 and estimated availability for allocation in 2014-15
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BPCL’s Crude Import Basket Diversify Sources
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Panna-Mukta & Tapti Overall Summary
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Details of Participating Interest in respect of Overseas Projects of OVL
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ISPRL’s Underground Crude Caverns: Original Plan & Current Status
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Oil India's Oil & Gas Discoveries During 2010-11 To 2012-13
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Quantum of Subsidy for Petroleum Sector in FY 2014-15
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The region- wise details of Crude oil imports during the last 5 years
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Borrowing Position And Debt Equity Ratios of OMCs
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The share of taxes in Retail Selling Price of Sensitive Petroleum Products such as Petrol, Diesel, PDS Kerosene and Domestic LPG ( In Delhi )
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Contribution of Petroleum and Natural Gas (P&NG) sector in the National GDP
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ONGC : Reserve Position as on October 1, 2013
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Expenditure Incurred or Payable For Arbitration Cases Abroad Under PSC for the FY 2013-14
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CPCL's Crude - Mix Plan For 2013-14
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Tenders [FREE Access]
Reliance Industries
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Indian Oil Corporation
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Indian Oil Corporation
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