Policy
Indian PSUs Anxiously Watching Developments In Mozambique
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GAIL Will Have Its Work Cut Out Over Contracted US LNG
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Tactical Stand Or Cold Feet Over LPG Subsidy Elimination?
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IOC To Produce Part Of Its Crude Requirement From Own Assets?
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Supervisory Board To Protect HPCL Culture In Merged Entity?
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Regulation
ONGC Still Undecided On Entering LNG Business
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Naphtha’s Inevitability Continues To Fascinate Petroleum Scene
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FO Spoils Growing Market Share Of CGD Companies
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Petroleum Dealers Get A Major Hike In Commission
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Alternative Energy / Fuel
Primary and Potential Feedstocks in Asia Pacific Countries
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India Makes Progress In Tapping Non-Conventional Energy Sources
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Research Bodies To Develop Next Generation Fuel Resources
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New Projects
IOC to Buy Up To 50 % Stake In Mundra LNG Terminal
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IOC Board Approves Gujarat Refinery Expansion
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Essar Projects Commissions CDSP For BPCL’s Kochi Refinery
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Black & Veatch Gains Key Indian FSRU Contract
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GAIL Proposes A Pipeline To Transport ONGC Gas
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Mjunction Wins 5-Year E-Bidding Contract From DGH
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Market Watch
ExonMobil Launches New Engine Oil For Both Petrol & Diesel Engines
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Companies
Black & Veatch
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Nagarjuna Oil Files For Bankruptcy
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Gulf Petrochem Raises $ 150 Million
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Press Release [FREE Access]
Latest Exclusives
ugust 18, 2017: India virtually is a gas-starved country as domestic production of natural gas is far short of the requirement. Still, it flares a portion of the gas produced. In the 1970s and 80s, a major portion of the associated gas produced in Bombay High was flared. The rate of flaring has been coming down consistently following measures taken by ONGC. How much gas did ONGC flare in FY 2016-17? Click column Gas Scene for details.

August 17, 2017: Environmentalists woke up very late to the dangers of Petroleum coke. Their first obsession was with the polluting diesel. Quietly, production, import and consumption of Pet coke have been surging over the years. Import reached an all-time high in 2016-17. Click column Special Database for details.

 August 16, 2017: The Indian media practically ignored the Russian bank, UCP, a member of the consortium which is acquiring Essar Oil’s refinery and retail outlets in a $13 billion deal. Rosneft and Trafigura got all the publicity. Contrary to popular perception, UCP may turn out to be a heavy weight. Read Prof Tom James piece in column Special Reports for details.

August 14, 2017: Petronet LNG Ltd (PLL) wanted to set up a regasification terminal on the East Coast. First, when Jaipal Reddy was the petroleum minister it identified a location in the state of Andhra Pradesh which was later scuttled by the petroleum secretary on the ground that a terminal cannot be viable without tying up the customers. The move for a location in Odisha did not succeed. Kochi terminal of PLL is rusting and is destined to remain under-utilized in the foreseeable future. It is against this background that PLL is planning to join terminals promoted by IOC and Adani. Click column Gas Scene for details.

August 11, 2017: India is now known as the biggest exporter of petroleum products in Asia and one of the top three crude importers in the world. But the fact is that India was a major importer of petroleum products till FY 2000-01. With surplus refining capacity mainly on account of refineries of Reliance Industries and Essar, the products surplus touched an all-time high in 2013-14, and dipped thereafter. However, in 2016-17, the surplus was larger than 2015-16. Click column Special Database for details.

August 10, 2017: The hapless consumers of transportation fuels heaved a sigh of relief in the late 1990s when the government decided to permit private players such as Reliance, Essar and Shell to open retail pumps. But the move flopped when the government decided to restrict fuel subsidy to supplies made by retail outlets of PSU Oil Marketing companies. Now there is no subsidy on diesel or petrol. An international consortium of Rosneft and Trafigura has acquired the 3500 retail outlets of Essar along with the refinery. Will the combine succeed where RIL, Shell and Essar failed? It can, provided the market mechanism changes. Rosneft has a long –term strategy for India. Trafigura is a past master in business battles. Click Free Access column Petro Intelligence of an authentic piece on the subject.

Today's News [FREE Access]
FM Arun Jaitley asks states to reduce VAT on petroleum products post GST
August 19, 2017: The Finance, Defence and Corporate Affairs Minister, Arun Jaitley wrote to State Chief Ministers to reduce the burden of Value Added Tax(VAT) on petroleum products used in manufacturing. His plea was on the basis of rising input costs in the making of goods after the rollout of Goods and Services Tax (GST)   more..


Company being set up for Ratnagiri refinery
August 19, 2017: Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are set to form a company, Western India Refineries and Petrochemicals, in a month to execute a $40-billion refinery project in Maharashtra. “We are in the process of registering the company. We   more..


Analysis: Jet fuel a winner as India’s love affair with flying intensifies
August 19, 2017: Jet fuel has been witnessing the sharpest growth among all oil products in India so far this year, with a double-digit growth in the January-July period, as the aviation sector expands capacity to keep up with the steep growth in demand for air travel in one of the world's fastest-growing markets. A more   more..


Odisha CM Naveen Patnaik meets Petroleum & Natural Gas, Dharmendra Pradhan in New Delhi
August 19, 2017: The Secretary, Ministry of Petroleum & Natural Gas, the Chairman, IOCL, The Chief Secretary, Government of Odisha and the Development Commissioner, Odisha were also present in the meeting. Petroleum Minister, Dharmendra Pradhan was of the view that though the State had extended the tax concession in 2004,   more..


Saudi spark may have ignited India, US affair over oil
August 19, 2017: When Saudi Arabia decided in June to raise price of crude and cut shipments to Asia and the US, it may have unwittingly provided the spark for India’s maiden drive towards America for supplies and helped New Delhi to undercut Opec’s sway over the world’s third largest oil consumer. The   more..


Subsea UK events to explore opportunities in international waters
August 19, 2017: Subsea UK is hosting two briefing sessions with the Department for International Trade (DIT), ahead of SPE Offshore Europe 2017. The first briefing on 28 August will focus on the post-energy reform oil and gas sector opportunities in Mexico. An in-depth view on developments within the Mexican market will be   more..


Petronas CEO expects balance in oversupplied LNG market by 2023
August 19, 2017: Malaysian state energy company Petroliam Nasional Bhd (Petronas) expects the global liquefied natural gas (LNG) market to remain oversupplied until as late as 2023, its chief executive said. Rising LNG production over the last two years, mainly from Australia and the United States, has exceeded demand and   more..


Global Crude oil price of Indian Basket was US$ 49.06 per bbl on 17th August 2017
August 19, 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$ 49.06 per barrel (bbl) on 17th August 2017. This was lower than the price of US$ 49.80 per bbl on previous publishing day of   more..

Petropulse / Guest Column
Big Business Groups Unable To Sustain Presence In Hydrocarbon Sector
P. BalakrishnaFor decades India’s hydrocarbon sector was reserved for the public sector. After the nationalization of the foreign oil companies in the seventies, the only companies operating in the sector more...

IOG Exclusive
LNG helps tiny Qatar to punch above its size and weight
July 7, 2017: The recent turmoil in the Middle east with respect to energy rich Qatar has thrown up some major ramifications for India, now that Qatar has stated that it wishes to increase its LNG output by a third to as much as approximately 100 million tons per annum (mtpa) (Qatar is already the world’s largest more...

Sale of Kenyan trial cargoes to India of some note
April 24, 2017: In recent news, it appears that Asian countries China and India have emerged as main buyers of the trial cargoes of crude oil that Kenya plans to export beginning from June this year (although this is not fully confirmed at present). Apparently, the Turkana crude would be exported from the more...

Policy for extension of pre-NELP blocks positive but increased Government take a possible dampener
April 4, 2017: The Union Cabinet has approved a policy to grant extension to the extant Production Sharing Contracts (PSC) for pre-NELP blocks. This was timely for some of the licenses earlier granted for these blocks were reaching the end of their initial grant period, including that of the Cairn India operated Rajasthan more...

EIL Gets Engineering & Procurement Consultancy Contract For Expansion Of Dangote Refinery
March 29, 2017: Aliko Dangote is the richest Nigerian and he is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa . He is India’s Mukesh Ambani in Africa. The refinery being put up by the group, expected to be the largest single refinery in the world, has awarded more...

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...

Special Reports
Just who is buying up Essar Oil and what does it mean?
August 16, 2017: In October of last year, the billionaire Ruia brothers inked in a deal to sell a 98% stake in Essar Oil in an effort to draw down the debt pile of Essar Group. The consortium of buyers for India’s fifth largest oil and gas company, consists of Russia’s largest oil producer, Rosneft, which will more...

Draft National Energy Policy
July 5, 2017: Niti Aayog is the government's think tank on economic policies. It has come in place of the Planning Commission which played a crucial role in India's economic planning since the 1950s. Niti Aayog has come out with a Draft National Energy Policy which will be debated for a while before a policy is finalised. The previous more...

Shrinking Share of Domestic Oil In Crude Oil Processed
July 4, 2017: The share of domestic crude in meeting the country’s demand for petroleum products has been declining consistently since the 1980s in the absence of a major commercial discovery. This was getting reflected in the crude oil processed by the refineries. During April-May 2017, the first two months of the more...

Launch of the National Data Repository (NDR) positive, but quality of data will be crucial
June 28, 2017: The Government finally seems to have made some progress with the much-awaited National Data Repository (NDR) that is a step towards launching the equally much-awaited Open Acreage policy for hydrocarbon blocks. The NDR will serve as a store for data on India’s sedimentary basins for future use in oil and more...

Iranian agreement with Gazprom is a kick in the backside, but all is not lost for India
June 8, 2017: Despite Prime Minister’s many travels abroad, the Government often seems to be finding itself on the wrong foot as far as India’s international relations are concerned. It has been reported that Iran has signed an agreement of some sort with Russian state-owned firm Gazprom for the more...

Ministry to look more closely at ONGC, OIL’s performance in nominated blocks
June 7, 2017: It appears that the Ministry of Petroleum and Natural Gas (MoPNG) has established special review committees to monitor the performance of the nominated blocks handed over the years to PSU upstream companies ONGC and Oil India Ltd (OIL). Apparently these committees will be headed by the upstream 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
Dr Rajiv Kumar Appointed Vice Chairman of Niti Aayog
Rajeev KumarRajiv Kumar, a senior fellow at Centre for Policy Research (CPR), is also chancellor of the Gokhale Institute of Economics and Politics in Pune, and is the founding director of Pahle India Foundation, an more...

Satpal Garg Is New PNGRB Board Member
Satpal GargSatpal Garg, a former Director, Finance at ONGC Videsh Limited (OVL) has joined as a new board member at downstream petroleum regulator Petroleum Natural Gas Regulator Board (PNGRB). PNGRB was formed under more...

Rajiv Menon To Head Black & Veatch
Rajiv MenonRajiv Menon is the new managing director of Black & Veatch’s India business. He joined the company in 2013 as Executive Director of Commercial and Business Development. 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]
Will Rosneft-Trafigura Succeed Where RIL Failed?
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Asian Premium: Will It Crack As Supply Basket Widens?
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Promise Of Free Gas Pricing: Trigger For RIL-BP Announcement?
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Gas Lobby Clouds Pipeline Option
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Foreign Investment
Air Products To Invest Rs 25 Billion In BPCL Kochi Refinery
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Overseas Investment
Reliance Overseas Exploration Foray Comes A Cropper
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Gas Scene
ONGC Gas Flaring for FY 2016-17
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Petronet LNG Ltd looks set to expand its wings
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Update: CGD Factsheet as of June 2017
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Source-Wise Imports of LNG In June 2017
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Sector-wise utilisiation of domestic gas and RLNG
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Domestic Natural Gas Scene in June 2017
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The GST Double Whammy For Gas Sector
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ONGC, OIL step up drilling shale wells in the fourth quarter FY 2016-17
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Update: Gas Production / Consumption / Imports
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Gas pipeline network update as on 31st March, 2017
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Assessment & Status: Shale Gas / Oil Resource
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In search of areas to increase share of natural gas in energy mix
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Gas for Power- No inclusion in Policy
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Recoverable Coal Bed Methane Reserves as on 1st April, 2016
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Estimated Potential Gas Demand - Diesel & Petrol Replacement
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CGD entities in India need fresh thinking
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Coal Bed Methane Resources in India
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State-wise GA-wise CNG Consumption during 2016-17
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India’s Gas Pipeline Status and the Initiatives
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Update : Capacity Utilization of LNG Regasifcation Terminals
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
A 40 % Increase In Petroleum Coke Import “Alarming”, “Disturbing”
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India’s Story of Petroleum Products Surplus
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Petroleum products demand & Gross Domestic Product (GDP)
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Power deficit: Region-wise position for June, 2016 (% deficit)
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Distillate yield of PSU refineries
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No Significant Variations In Import Of Crude & Products in June 2017
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Weightage of petroleum products in Wholesale Price Index (WPI)
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Update: Crude Price - Indian Basket
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Contribution of petroleum sector to exchequer
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Revised Hydrocarbon Reserves in India
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Status of blocks under NELP as on March 31, 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Ethanol Demand Projection For Asian Countries
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Petroleum Coke Continues Relentless Surge In Indian Market
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No Of Auto LPG Dispensing Stations (ALDS)
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Gross Refining Margins (GRM) of Indian refineries ($/bbl) for last two fiscals
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Market Capitalisation of Oil & Gas PSUs
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Falling Domestic Crude Production and Rising Overseas Production
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Specific Energy Consumption (MBN) - Industry Average
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Tenders [FREE Access]
Bharat PetroResources Ltd
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Engineers India Ltd
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GAIL
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ONGC
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