Policy
Pipelines Through Pakistan Seem Dead And Buried
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GAIL LNG Tender Runs Into Expected Heavy Weather Yet Again
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Promoter IOC Becomes Business Rival To Petronet LNG
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ONGC Sees Silver Lining In Sustained Low Natural Gas Price
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Strategic Storage Can Be Filled Up Given The Current Scenario
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Regulation
Magna, Weatherford, Schlumberger May Join Bidding For Oil Fields
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ONGC Enhances Production Through IOR &EOR Technologies
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Ravva Field’s Partners Fight Over Defaulter Videocon
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Renewables And Natural Gas Are Not Rivals
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Alternative Energy / Fuel
IOC Selects Praj As Tech Partner For Ethanol Plant
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New Projects
Expro Awarded $30 Million Production Contract In India
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Uncertainty Over Dabhol LNG Terminal
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GAIL’s Polyethylene Facility Started
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IndianOil And GAIL Sign MoU For Dhamra LNG Terminal
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LNG Facility In Haldia Planned
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Market Watch
Iran Catching Up In Indian Market
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Companies
Vishal Enterprise
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MRPL Plans 100 Retail Outlets
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John Energy To Raise Funds
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Suzlon Bags Order From Oil India
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Press Release [FREE Access]
Latest Exclusives
September 30, 2016: The changing dynamics in international oil trade is prompting Indian PSUs to think of transporting its share of crude from overseas assets to the domestic market which imports 80 per cent of its crude requirement. How economical will it be? Will India opt for swapping or directing transportation to the domestic market? Click column IOG Exclusive for details.

September 29, 2016: India is a major exporter of petroleum products, but in terms of self-sufficiency in petroleum products India ranks very low. This is because more than 80 per cent of products refined by Indian refineries are based on imported crude. In FY 2012, self-sufficiency in petroleum products stood at 24.1 per cent. It dipped below 20 per cent in FY 2016. Click column Special Reports for details.

September 28, 2016: The NDA government is keen that domestic crude production is increased so that imports can be reined in. Not in the immediate future. Demand is going up. Upstream companies are striving to complete projects when prices are down. There is no conflict in strategy. Click column Special Reports for details.

September 26, 2016: Professional competence and personal integrity need not necessarily go together. People who combine both are vanishing fast from the public scene. This could be the reason why a few eminent people who reacted to our previous column ONGC: Triumph Tinged With Taint wanted Justice A.P. Shah to head the probe that he has recommended on the question of prior knowledge ONGC and RIL had about the interconnectivity of the reservoirs of their blocks in KG basin. It was www.indianoilandgas.com which first reported that ONGC leadership had prior knowledge about this, a week before Justice Shah submitted his report. Prime Minister Narendra Modi is reportedly watching the developments. The previous Shah Committee lacked powers and his role was only advisory. The government will certainly order a probe but it is difficult to predict at this stage who will head it. Will ONGC submit all relevant records and files to the new investigation team which it declined to the Shah Committee? Click Column Petro Intelligence for an exciting piece on the issue.

Today's News [FREE Access]
OPEC deal shows cartel’s resolve and desperation
September 30, 2016: OPEC's unexpected agreement to trim production shows the cartel still has the resolve and even desperation to try to guide energy markets higher. But don't expect triple-digit oil prices anytime soon. Ministers from the oil cartel reached a preliminary deal Wednesday in Algeria to cut production   more..


Oil prices retreat as investors wait for clarity on OPEC deal
September 30, 2016: Oil futures retreated on Thursday as the market grew more sceptical on how OPEC would implement a plan to curb oil output a day after the group agreed to limit production. Benchmark prices had initially extended gains made in the previous session following the decision by the Organization of the Petroleum   more..


Relief for US shale firms as OPEC folds in price battle
September 30, 2016: It was a moment US shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to   more..


L&T wins orders worth Rs 20.46 billion
September 30, 2016: Infrastructure major Larsen and Toubro has bagged orders worth Rs 20.46 billion across various business segments. “The construction arm of L&T has won orders worth Rs 20.46 billion across various business segments,” L&T said in a BSE filing. L&T said that its power transmission and   more..


Oil firms should leverage cloud to cut up-front costs
September 30, 2016: Even as Indian software companies are crying over the falling spends of their clients in the oil and gas vertical, Cisco, a global networking major that works with many energy companies, sees a new emerging trend. Nal Gollagunta, Managing Director (Commercial Sales) of Cisco India & SAARC, who spoke to   more..


Toyota drops diesel from new model, signals likely phase-out
September 30, 2016: Toyota has decided to drop diesel engines from its new C-HR compact in the wake of Volkswagen’s emissions scandal and will probably do the same for future model renewals, the carmaker’s second-ranking global executive said on Thursday. The Japanese automaker decided “within the last six   more..


Global Crude oil price of Indian Basket was US$ 43.48 per bbl on 28th September, 2016
September 30, 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$ 43.48 per barrel (bbl) on 28th September, 2016. This was lower than the price of US$ 43.85 per bbl on previous publishing day   more..


India to grow at more than 7%: IMF
September 30, 2016: India is embarking on significant reforms and will grow at more than 7%, IMF managing director Christine Lagarde has said. “China is rightly rebalancing from manufacturing to services, from investment to consumption, and from exports to domestic services—which should produce a more sustainable,   more..

Petropulse / Guest Column
Evolution Of KG Basin Scam
Bhamy V Shenoyby Bhamy V. Shenoy1* 1993: Upstream regulator Directorate General of Hydrocarbons is established. more...

IOG Exclusive
India May Resort To Swapping Its Crude & Gas From Overseas Assets
September 30, 2016: In the late 1960s and 70s, India’s rupee trade with the erstwhile Soviet Union was the single biggest factor influencing its foreign trade. The foreign exchange-starved India depended on Soviet crude and wheat to stave off balance of payment crisis. The Soviet Union used to supply two more...

Indian firms continue to look at Russia’s oil and gas fields
August 4, 2016: In view of the current Indian interest in Russia, driven no doubt by both relatively low crude oil prices resulting in lower asset valuations as well as a relatively cheaper Rouble, Indian companies in recent times have been making moves in Russia. Flagship PSU ONGC Videsh Ltd (OVL) has more...

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...

Special Reports
Higher Capital Expenditure Need Not Result In Higher Oil Output Immediately
September 28, 2016: There seems to be a competition among oil companies to use up the approved capital expenditure at the earliest without waiting till the close of the financial year. This is not a spending spree by the public sector oil and gas companies, but a deliberate policy to speed up projects when the market is down more...

Will OVL Make A Headway Regarding Venezuela’s Past Dues?
September 21, 2016: Yet again, ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is trying its best to recover the money that Venezuela owes it-reportedly over $ 530 million. It has suggested it recover the amount through getting crude oil in lieu of the cash due for its share of sales more...

When Will Mega Refinery on West Coast Become A Reality?
September 16, 2016: In India there is a considerable time lag between an announcement of a refinery project and its completion. It can take to 15-20 years for a refinery project to become a reality. The recently commissioned 15 million ton per annum refinery of Indian Oil Corporation at Paradip took more than 15 years to be more...

Quantum Of Compensation For Migrated Gas Will Pose A Problem
September 7, 2016: Mukesh Ambani-controlled Reliance Industries Ltd (RIL), the operator of the KG D6 block, is unlikely to fall line totally with Shah Committee’s findings on the gas migrated from ONGC’s blocks to RIL’s in KG basin. The compensation sought by ONGC looks huge, but is based on the assessment more...

D&M Findings On Continuity & Connectivity of Reservoirs of ONGC, RIL
September 5, 2016: The technical study by D&M indicated the connectivity and continuity of reservoirs across block boundaries of Godavari PML, KG-DWN-98/2 and KG-DWN-98/3. The report quantified the volume of gas migrated from Godavari PML and KG-DWN-98/2 to KG-DWN-98/3 block and respective production of gas from migrated 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
Sanjiv Singh Will Be IOC’s New CMD
SanjivSinghSanjiv Singh, director (Refinery ) of Indian Oil Corporation has been recommended for the post of Chairman and Managing Director (CMD) of the company. The recommendation of Public Enterprises Selection Board (PESB) will be more...

New JS (Exploration) In Petroleum Ministry
Ashish Chatterjee, an Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, has been appointed new Joint Secretary in charge of exploration in the Ministry of Petroleum and Natural Gas. His overall five year central deputation tenure is up to April 15, 2019 . He has already served two years of his more...

Junaid Ahmad Is World Bank Country Director For India
Junaid AhmadThe World Bank has appointed Junaid Ahmad as its new Country Director for India. He will replace Onno Ruhl who completed his four-year term. Hailing from Bangladesh, Ahmad was previously the more...

Santos Ltd: Appointment Of CFO
Santos has announced the appointment of Anthony Neilson as its new Chief Financial Officer. Neilson is expected to commence duties with Santos in December 2016. Current Chief Financial Officer Andrew Seaton, who recently announced his retirement from Santos, will remain with the company to ensure an orderly transition. 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]
Only Justice Shah Can Bust The Gas Scam
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ONGC: Triumph Tinged By Taint
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Gas Migration: Collusion Or Laxity?
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Gas Migration Case: Regulators In The Dock
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Foreign Investment
BP Sells 8.5% Stake In Castrol India
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Overseas Investment
ONGC Signs Deal To Acquire Additional 11% Stake In Russia’s Vankorneft
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Gas Scene
A Bold Step Towards Creation Of National Gas Grid
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Demand and Availability of Natural Gas for the next five years
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Capacity Utilization Of LNG Re-gasification Terminals In FY 2015-16
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Gas-based Power Production and Consumption Trends
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Gas - based power capacity / consumption
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Gas flaring by ONGC in FY 2015-16
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Sector-wise consumption of domestic gas and RLNG up to March 2016
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Update: Gas - Production, Consumption & Imports
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Update: PNG Consumers, CNG Price Vs Petrol/Diesel Price In Delhi
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Update: CGD Factsheet
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Sliding Spot LNG Price, Rising Fuel Oil Price
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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Self sufficiency in petroleum products
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Dealer’s commission on petrol & diesel
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Contribution of petroleum sector to State Governments
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Contribution of petroleum sector to Union Government exchequer
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PAT of OMCs, Standalone Refineries, Consultancy & Private Players
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Profit After Tax (PAT) of PSU Upstream Companies
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Important terms in pricing of petroleum products
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Estimated impact of increase in Retail Selling Price (RSP) of major petroleum products on inflation (WPI index)
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Weightage of petroleum products in Wholesale Price Index (WPI)
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Demand projections of petroleum products for FY 2017-22
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Projected refining capacity in FY 2017-22
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Share of taxes in RSP of domestic LPG effective 1st June 2016 at Delhi
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Story Of Indias Petroleum Products Surplus
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Share of taxes in RSP of diesel effective from 1st June 2016 at Delhi
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Share of taxes in RSP of petrol effective from 1st June 2016 at Delhi
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Update: Specific energy consumption (MBN number) of PSU refineries
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Update: Hydrocarbon Reserves in India
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Update: Distillate Yield Of PSU Refineries
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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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Tenders [FREE Access]
GAIL
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