Policy
Fate Of Farzad-B Crucial To India’s Relations With Iran
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India Needs To Engage Bangladesh More Significantly
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Time For Old Friends Again?
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Push For More Concrete Investments From Middle East Countries
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Petroleum Products Pipeline To Pakistan Looks Uncertain
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Regulation
Tapti Asset Transfer: Any Quid Pro Quo?
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HOEC’s “Game Changer” Model To Develop Dirok Field
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Running Duel Over Fuel Specifications
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IAS To Head Oil India Ltd ?
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Alternative Energy / Fuel
India May Finally Achieve Ethanol Blending Target
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New Projects
Fugro To Provide ROV Services To ONGC
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EIL Consultant For Eastern Refinery expansion
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GAIL Completes First Phase Of Pipeline Replacement
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RIL Starts Test Production Of CBM Gas From 2 Of Its Blocks In MP
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Market Watch
Public Sector Oil Firms To Open 3,100 Fuel Stations
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Companies
Oilmax Energy
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Fine Tubes Of AMETEK Gets ONGC Approval
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Greka Drilling Mobilizes Rigs For Essar
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Press Release [FREE Access]
Latest Exclusives

May 2, 2016: Indian refineries have been following a deliberate policy of enhancing the quantum of high sulphur (HS) crude for processing. However, the quantity of high sulphur crude processed in FY 2015-16 was lower than the level processed in the past two years. The quantity of HS, however, made an appreciable rise in March which is the final month of the FY. Click Column Special Database for details.


April 29, 2016: Domestic gas production is far short of requirements. The shortage is met through imported LNG. We have the figures regarding the quantity of gas consumed by each sector of the Indian economy. Click column Gas Scene for details.

April 28, 2016: India is selective about the crudes it buys. Their yields should cater to the Indian requirements. These selected crudes constitute what is known as the Indian basket of crudes. How did the price of crudes in the Indian basket behave in 2015-16: an update. Click Column Special Database for details.


April 27, 2016: India had nine rounds under the New Exploration Licensing Policy (NELP). These rounds cannot be described as a success as such. However, considering the fact that India is not known to be rich in hydrocarbon reserves these rounds cannot be called a failure either. How much investments did these rounds attract? We have data up to April 1, 2015. Click Column Special Database for details.

April 25, 2016: GSPC’s Deen Dayal asset in KG offshore has been in deep trouble. It was www.indianoilandgas.com which in its password -protected column Regulation for the first time brought out these problems and even drew comparison with complicated fields in the North Sea. We did this long before CAG came out with its devastating report. However, a one line comment from an eminent personality in his response to our previous column: Saurabh Chandra’s Antics in PLL imputed that our silence on GSPC was “deafening”. We have set the record straight. we were far ahead of others in the Indian media in bringing out the problems facing GSPC. A professional magazine does not look at issues from a political angle The Deen Dayal asset issue has already been politicised following the CAG report. CAG has access to the entire data which a journalist cannot normally have. ONGC is believed to be doing a Due Diligence of the Deen Dayal asset. D.K. Sarraf is known to protect his company’s interests. ONGC cannot afford to bungle. Click Free Access Column Petro Intelligence for details.
Today's News [FREE Access]
Petrol, diesel prices hiked
May 2, 2016: Petrol price was today hiked by Rs 1.06 per litre and diesel by Rs 2.94 a litre. Petrol in Delhi will cost Rs 62.19 per litre from midnight tonight as against Rs 61.13 currently, said Indian Oil Corporation, the nation’s largest fuel retailer. Similarly, a litre of diesel will cost Rs 50.95 compared to Rs   more..


Non-subsidised LPG, kerosene, ATF prices hiked
May 2, 2016: After petrol and diesel, rates of non-subsidised cooking gas, non-PDS kerosene and aviation turbine fuel (ATF) were today raised in line with global trends. Petrol price was late last night hiked by Rs 1.06 a litre to Rs 62.19 per litre in Delhi and diesel by Rs 2.94 to Rs 50.95 a litre. The increase was followed   more..


India ready to clear $ 6.5 billion of Iran’s oil dues
May 2, 2016: Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly USD 6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel. The message has been conveyed to Iran even as   more..


Govt wants PSUs to emulate private sector, buy back shares
May 2, 2016: The Government wants cash-rich PSUs like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets. “Major private sector companies have a treasury wing to make use of their cash balance more effectively. PSUs have so far not been   more..


BPCL cleared for $450m investment in BORL
May 2, 2016: India’s Bharat Petroleum Corporation Ltd. (BPCL) has obtained government clearance to increase its investment in Bharat Oman Refineries Ltd. (BORL) up to a maximum of Rs30 billion ($450 million), a report said. This will further increase the capacity of BORL's Bina refinery in the Indian state of Madhya   more..


Congress demands SC monitored probe into KG basin scam allegedly involving PM Modi
May 2, 2016: Gujarat Pradesh Congress Committee (GPCC) on Saturday held demonstrations and burnt effigies of prime minister Narendra Modi outside all the 33 district collectorates and eight mahanagarpalikas, demanding a Supreme Court monitored probe into what it calls Rs 200 billion scam in Krishna-Godavari basin involving   more..


Essar to double CBM production this year
May 2, 2016: Company to ramp up wells count in Raniganj East block coal fields, seeks to triple output to 2.5 mn scmd in FY18, from current level. Essar Oil & Gas is planning to ramp up its coal-based methane (CBM) production to a minimum of 1.8 million standard cubic metres per day (scmd) by the end of the current   more..


OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Survey
April 30, 2016: OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. Top exporter Saudi Arabia, however, made no major change to output, the survey found,   more..

Petropulse / Guest Column
Oil Market Driven by Sentiments
by Ravinder Kumar* Ravinder KumarAn eighteen per cent rise in oil prices in 18 days since April 5, 2016 is a good reason to believe that the worst is over & even shale more...

IOG Exclusive
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...

India’s E&P Sector Frustrates ENI, Still Holds On, But How Long?
March 30, 2016: ENI Of Italy entered India’s E&P sector relatively late, but made sincere efforts to make it success. However, circumstances beyond its control forced it to significantly reduce its presence in India. The question is whether it will quit India altogether. ENI had great hopes on two PSC more...

Deals with Russia on the anvil?
March 16, 2016: ONGC Videsh Ltd (OVL) along with other PSU oil firms Indian Oil Corp (IOC), Oil India Ltd (OIL) and BPCL are looking to purchase an additional stake, said to be more...

Re-introduction of customs duty on crude oil
February 26, 2016: There is definitely a move to re-introduce custom duty on crude oil, but whether this will form a part of the budget proposals to be announced on February 29 is not very clear. Refining companies are having anxious days. Petroleum Federation of India (Petrofed) has urged the petroleum ministry to take up more...

Flexibility in crude purchasing system for OMCs welcome
February 16, 2016: The Ministry of Petroleum and Natural Gas is considering moving a Cabinet note on the crude oil import policy that will allow the Oil Marketing Companies (OMCs) IOC, BPCL and HPCL to reduce tendering and source more crude on a spot basis, rather than through term contracts, as the bulk of current sourcing more...

Essar refinery sale: much goes on behind the scenes
February 8, 2016: What exactly is afoot with Indian conglomerate Essar Group’s oil refinery? This seems to be a question that many are asking given recent news that the company has reportedly completed preliminary discussions with Saudi Aramco regarding the sale of its refinery business to the National Oil Company (NOC) more...

Increasing imports from Iran matter of timing
February 2, 2016: The easing of sanctions on Iran has seen some Indian firms rush to make use of the opportunity of accessing Iranian barrels that were hitherto off the market. Primary among the firms quickly wishing to step in are Mangalore Refineries and Petrochemicals Ltd (MRPL) and the private sector refinery Essar Oil at more...

Secret Of Reliance Industries’ Impressive Q-3 Performance
January 20, 2016: Reliance Industries Ltd (RIL), India’s largest private sector firm has turned in stellar third quarter results. It has seen its profits rise to INR 72.18 billion, based primarily on an extremely strong performance in its core refining business. This is reflected in the Gross Refining more...

Special Reports
Oil Market Outlook: After The Crash - Living With A New Reality
March 18, 2016: Platt's Oil Forum in Delhi and Mumbai at its Media Briefing on Thursday released a wealth of information regarding the oil market. The tables and graphs released by it cover almost the entire spectrum of oil market. The main theme is Oil Market Outlook: After The Crash - Living With A New more...

HELP: Old Wine in a Renamed Bottle?
Dharmendra PradhanMarch 11, 2016: The Government, after a somewhat lackluster budget for the oil and gas sector, seems to have decided to get the reform ball rolling. The Cabinet Committee of Economic Affairs, chaired by the Prime more...

Budget 2016 another tale of missed opportunities.
March 2, 2016: The Budget has proved to be a bit of a dampener for the oil and gas sector. To be fair, the current dispensation has not held out much for this sector in the previous two Budgets it presented as well. Once again, the Government resorted to ambiguities rather than specifics in some cases. For more...

How To Boost Coal Bed Methane Production? Part-II
February 4, 2016: The workshop on CBM potential is keen that the government comes out with a Unified Exploration Policy for conventional, CBM, shale oil and gas, tight gas. Operators should be allowed to explore for shale and tight formation hydrocarbons in CBM blocks to achieve better synergies, economics and ease of more...

How To Ramp-up CBM Production? Part-I
February 3, 2016: Coal Bed Methane (CBM) is an important national energy resource with growing relevance and potential to reduce the country’s import dependence. Over the past two decades 33 CBM blocks have been awarded but the current production is only 1.1 mmscmd. Given a favourable Policy and support from regulatory more...

Too Small For A Joint Venture Of Three OMCs
January 22, 2016: What will be the capacity of the so-called giant refinery the three public sector oil marketing companies (OMCs) are planning to set up on the West Coast in the state of Maharashtra? Initially, the report was that it will have an annual capacity of 20 million tons. The latest is that it could 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
Deshmukh Appointed CVO In Indian Oil Corporation
IAS officer C K Deshmukh was appointed as Chief Vigilance Officer (CVO) in Indian Oil CorporationLtd.  Deshmukh, a 1996 batch IAS officer of Madhya Pradesh cadre, has been appointed to the post till May 23, 2017, the date on which she completes combined central deputation tenure of seven years, an order issued by more...

Aileen Valera Joins Dorf Ketal Global Fuels Additives
Dorf Ketal Chemicals India Private Ltd. (Dorf Ketal), a global leader in specialty chemicals, has announced the appointment of Ms. Aileen Valera to the position of Senior Technical Services Manager, Heavy Fuel Oil & Branded Fuel Business.   Ms. Valera 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]
GSPC’s KG Asset: Appalling Spectacle Of Blunders
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Saurabh Chandra’s Antics At PLL
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Power Games In Petroleum: The More Things Change…
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Drilling At KG-D6: The Boundaries Of Legitimacy
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Foreign Investment
Fox Petroleum Signs MOU For FSRU LNG Terminal
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Overseas Investment
Tide Water Oil Acquires UK Firm
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Essar Oil To Open 400 Petrol Pumps In UK In 3 Years
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OVL-led Consortium Bids For Energy Assets Of UAE Company
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Gas Scene
Update : Sector-wise Consumption of Natural Gas in January 2016
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Update: Gas Production, Consumption and Imports
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Exploratory Inputs by PSU Companies as on 1st January, 2016 since inception
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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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LNG imports
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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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Challenging times for the LNG Industry - Part I
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Possibly better terms for deepwater production welcome, but much yet to be clarified
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GAIL’s Attempts To Buy LNG Carriers Encounter Fresh Problems
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LNG Receiving Terminals Under Construction
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Global Liquefaction Plants Under Construction
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Latest PNG (Piped Natural Gas) Status
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Updated CNG Sales
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Updated CGD Fact Sheet
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Update: Gas Price in various International Hubs
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Update: High Sulphur (HS) & Low Sulphur (LS) Crude Oil Processing
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Update: Crude Price (Indian Basket) 2015-2016
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Investment under NELP (US$ Million)
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Hydrocarbon Discoveries in 2015-16 upto December 2015
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Year wise FDI inflows under Petroleum & Gas Sector
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Crude Oil and Natural Gas Reserve as on 1st April, 2015
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Estimated Hydrocarbon Resources in India
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Categories of Indian Sedimentary Basins
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Major LPG Pipelines in India
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Storage Capacity Unable To Cope With Mounting Oil Supplies
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Update: Major crude & Products pipelines In India
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High Speed Diesel End Users
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How India Diversified Its Crude Supply Sources in 2014 and 2015?
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India’s Rising Petroleum Products Consumption, Shrinking Share Of Domestic Crude
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Update: Gross Refining Margins Of Indian Refiners (April-December 2015).
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Crude Oil: Refinery Capacities
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Capital cost for hydrocarbon blocks in India
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Historical Crude Oil & Gas Production from Northeast Region
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Status of NELP blocks operated by private operators in Northeast India
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Status of NELP blocks of Oil India Ltd (OIL) and ONGC In the North East
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Dealer’s Commission on Petrol & Diesel
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Tenders [FREE Access]
Gail
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Gail
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ONGC
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