Policy
Russia’s Sakhalin Field Less Lucrative Than Originally Estimated
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Opening Of Chabahar Port May Positively Impact Iran-India Relations
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Reining In Subsidy On Petro Products As Crude Prices Rise
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PSU Oil Companies Turn To Renewable Energy, Ambitious Plans
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NRL Will Have To Look To Diversify Its Potential Markets
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Regulation
Delayed Coker Route Loses Charm In Indian Refineries
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Re-development Of Mature Oil Fields Can Be Very Expensive
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ONGC Creates A Record In Drilling Performance
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HOEC Turns To Anchor Asset PY-1 In Cauvery Offshore
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Alternative Energy / Fuel
Ethanol Supply For Petrol Blending To Touch A New High
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New Projects
IOC Plans A Coke Gasification Project
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GSPC’s Drilling Project Gets Eco Clearance
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Reliance Power Signs Pacts For Bangladesh Project
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Market Watch
Govt Seeks Consultant For Setting Up Gas Exchange
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India Adds 18,000 Petrol Stations In Six Years
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Companies
Gunvor Group Ltd.
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IL&FS Engineering And Construction Wins GAIL Contract
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German Mirror Launches Lubricant
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Press Release [FREE Access]
Latest Exclusives

December 18, 2017: The distillate yield of public sector refineries registered an uptrend since FY 2012-13 following certain process reform measures undertaken under the guidance of oil major, Shell. The uptrend stands stalled in FY 2016-17 as per the official figures. Click column Special Database for details.


December 15, 2017: The state-owned, Oil India Ltd (OIL), whose domestic oilfields are in the states of Assam and Arunachal Pradesh has a diversified reserve base. How much is its balance recoverable reserves? What has been reserve replacement ratio? Click column Special Database for details.

December 14, 2017: Oil and Natural Gas Corporation (ONGC) was conceived to be a pure E&P company in the government scheme of things. This is precisely why ONGC was forced to hand over its refinery in Gujarat to Indian Oil Corporation in the 1970s. However, the very same ONGC was persuaded by the government to acquire majority stake in Mangalore Refinery and Petrochemicals (MRPL). Later it diversified into petrochemicals by setting up a plant at Dahej to extract C2-C3 from LNG imported from Qatar by Petronet LNG. The C2-C3 from Dahej and Hazira plants constitute ONGC's Value Added Products (VAP). Click column Special Database for details.


December 13, 2017: The Indian government and its energy pundits are committed to raise the share of natural gas in the country’s energy mix from the present level of 6.5 per cent to 15 per cent. Not an easy task. Vast areas of this large country still remain untouched by natural gas pipelines and the capacities of those already laid and operating remain grossly underutilised. Lack of demand or shortage of gas? Click column Gas Scene for details.


December 11, 2017: Petronet LNG Ltd (PLL), the public sector-promoted private company, is a corporate wonder. Recently, PLL’s MD and CEO Prabhat Singh went on record stating that the 5 per cent equity stake in the liquefaction plant of RasGas it bargained for and got as part of the LNG supply contract would have been worth $2 billion now against the offered price of $135 million. He has tried to put the blame on ONGC for not picking up the stake. Difficult to believe that ONGC which has been acquiring oil and gas assets in some of the most insecure places in the world without even properly assessing reserves (Imperial Energy Corporation’s asset) shied away from accepting such an attractive offer. Probably, Singh was hinting at a colossal corruption masterminded by the PLL leadership in collusion with the Ministry of Petroleum and Natural Gas. www.indianoilandgas.com was the first to expose the corruption five years ago. Click Free Access column Petro Intelligence to read an exciting story.

Today's News [FREE Access]
ONGC tears into DGH proposal to sell its oil, gas fields
December 18, 2017: ONGC has torn into regulator DGH's proposal for auctioning its discovered oil and gas fields, saying national oil companies can raise production if they are offered the same fiscal concessions as being extended to private companies. In para-wise comments on the Directorate General of Hydrocarbons'   more..


Top oil buyers seek chemistry in love affair with U.S. crude
December 18, 2017: The world’s biggest oil buyers are getting pickier about their American crude purchases. Asian refiners are discovering that the quality of cargoes varies, leading to fluctuations in the type of fuels they can produce. The shale boom and the end of a U.S. oil-export ban have proven a boon to buyers   more..


BPCL to offer grant to start-up ventures at Maker Village
December 18, 2017: Bharat Petroleum Corporation Ltd has agreed to provide grant to two highly promising start-up ventures at Maker Village, the largest electronics incubator in Kerala managed by IITM-K. BPCL will support further development of an underwater drone created by EyeROV Technologies, and a cattle milking machine   more..


Vedanta Rejigs Cairn Top Deck To Push $1 Billion Investment Plans
December 18, 2017: Cairn India, the oil and gas business of Vedanta, has rejigged its management to empower the core leadership team to take crucial decisions and drive its $1-billion investment plan, the company said on Thursday. Sudhir Mathur, who was the acting chief executive and chief financial officer, will now be the   more..


Confidence Petroleum India Ltd appoints Ms. Prity P Bhabhra as Company Secretary
December 18, 2017: The Board of Directors of Confidence Petroleum India Ltd at its meeting held on 16th December, 2017 approved the appointment of Ms. Prity P Bhabhra as Company Secretary and Key Managerial Personnel with effect from 16th December, 2017 in place of Ms. Karishma Sanjay Jaisingh who has resigned from the   more..


Pradhan inaugurates Eastern India’s first CNG stations
December 18, 2017: Terming it as Prime Minister Narendra Modi's New Year gift to the people of Odisha, Union Petroleum and Natural Gas Minister Dharmendra Pradhan today inaugurated Eastern India's first compressed natural gas (CNG) stations at Bhubaneswar. "Today is a happy day for the city of Bhubaneswar. This is the New Year gift for   more..


Renewable Energy mini grids can offer power solution: Report
December 18, 2017: Mini grids powered by decentralised renewable energy can provide long term solution for the country’s electrification requirements, says a report. The report prepared by the Renewable Energy and Energy Efficiency Partnership (REEEP) also said the central utility grid is 70 per cent powered by   more..


8 petrol pumps in state lose licence; 3 in Pune under scanner
December 18, 2017: Petroleum companies have cancelled the licences of eight petrol pumps in Maharashtra after they were found guilty of tampering with fuel dispensing machines. As many as 33 persons have also been arrested in connection with the “fraud”. The eight petrol pumps are located in Mumbai, Nagpur, Satara   more..

Petropulse / Guest Column
Meeting the Climate Change Challenge
Maj. Gen S.C.N. Jatar (Retd)by Maj. Gen. S. C. N. Jatar, (Retd)* |  190 countries have ratified the Paris Agreement on Climate Change as on 7 August 2017. The Agreement expects both rich more...

IOG Exclusive
CERA Week sees plenty of action
October 13, 2017: There was plenty of action at the CERA Week held in New Delhi over the past few days. It was firstly in itself notable that this forum was held in India, being normally held in Houston. In fact, the Indian Petroleum and Natural Gas Minister Dharmendra Pradhan emphasized as much and also felt that going more...

Hydrocarbon Re-assessment Exercise Progressing As Scheduled
October 3, 2017: The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country. According to official sources, as on March 31, 2017, the more...

LNG sector continues to see considerable action
September 27, 2017: The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs more...

Chinese firm acquiring part of Rosneft has implications for India
September 12, 2017: In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the more...

Retail prices of petrol and diesel seem to reflect the old consumer concern
August 29, 2017: The ushering in of daily price revisions in the retail of petrol and diesel has brought in new dynamics into the sector. Particularly worth noting is how the retail prices have seen an increase over the last few weeks. For example, a quick glance at the price levels indicate that the price of more...

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...

Special Reports
Middle-East to India Deepwater Natural Gas Pipeline (MEIDP)
December 8, 2017: The New Delhi-based, South Asia Gas Enterprise Pvt Ltd (SAGE), and SBI Capital Markets made a presentation on Middle East To India Deep Water Gas Pipeline to chairman of Niti Aayog and his team. Click HERE for Presentation. more...

Assessment report: Primary survey on household cooking fuel usage and willingness to convert to LPG
November 14, 2017:The government of India declared 2016 as “The Year of LPG Consumers “with focus on supplying LPG to majority of households in three years from 2017. To capture detailed data on the subject, Ministry of Petroleum and Natural Gas assigned CRISIL, an S&P Global company, a primary Survey across more...

Indian Water-Energy Nexus scenario
The Baroda-based, Centre for Fuel Studies & Research (CFSR), is a body of energy experts. It has been bringing out well-researched studies on energy issues. The latest one is a comprehensive study on India Water-Energy Nexus Scene. Click HERE for the study in full. more...

Government going all out to try to increase domestic Crude production
November 7, 2017: The Government seems to be going all out to try and increase India’s oil and gas production- not a bad thing since output has been stagnant or declining over the past several years, with hardly any major new discovery being made since the oil find in Barmer, Rajasthan by a then relatively small foreign more...

OALP sees initial positivity but more analysis needed
October 30, 2017: The Government’s new Open Acreage Policy seems to have got off to a decent start. However, one would need to examine the bids and results closely; and wait and see whether it achieves its objectives. The Government had finally succeeded in getting the Open Acreage Licensing Policy more...

ONGC, OIL Claim Progress In National Seismic Program
September 19, 2017: The ministry of petroleum and natural gas is keen that exploratory efforts are broadened by enhancing seismic survey coverage of the country’s sedimentary basins. Being the country’s biggest upstream company, ONGC is major stakeholder in National Seismic Program (NSP). Its target more...

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...

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
D.K. Sarraf Appointed Chairman Of PNGRB
D.K. SarrafDinesh K Sarraf, has been appointed chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB). He served as the Chairman and Managing Director of Oil and Natural Gas Corporation Limited since March 1, more...

B. Ashok Appointed CEO of RRPL
B. AshokB. Ashok has taken over as the first CEO of Ratnagiri Refinery and Petrochemicals Ltd (RRPL) the company that's setting up the world's biggest refinery on the west coast. B. Ashok was Chairman of Indian Oil more...

S. Rath Appointed Member Of PNGRB
S. RathS Rath, has been appointed member of PNGRB.  Satchidananda Rath has been Director (Exploration and Production) with Petroleum Federation of India since October 2015. He retired as Director (Operations) from the executive board more...

S.S. Chahar Appointed Member Of PNGRB
S.S. ChaharS S Chahar has been appointed Member (Legal), PNGRB. Earlier he was Member (Judicial), Cyber Appellate Tribunal, New Delhi since April 2015 . Chahar is, an officer of Indian Legal Services,and formerly 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]
PLL: Making Up For Old Lapses
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Bombay High’s Tale Of Woe: Short Shrift For Local Talent
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IOC Set To Undermine GAIL’s Role n Gas Business
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Fracas Over Farzad: Need To Sideline The Hotheads
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Foreign Investment
Dover Opens Manufacturing Facility In Navi Mumbai
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Overseas Investment
PLL To Partner Mitsubishi, Sojitz In Sri Lankan LNG Project
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Gas Scene
Capacity Utilisation of Gas Pipeline Network as on 1st October, 2017
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Status of Coal Bed Methane Gas development in India (Sept 2017)
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Status of Shale Gas and oil development in India
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Sectoral Consumption of gas in October 2017, far below demand projections
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LNG Imports and Domestic Gross Natural Gas Production In October 2017
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Update: CNG Stations & Vehicles and CNG Sales
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Update: CGD Factsheet as of September 2017
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Natural Gas Share in Prime Energy Mix
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Domestic Gas Price (November 2014 -March 2015 to October 2017 - March 2018)
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Source-Wise LNG Imports In September 2017
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Sector-wise gas consumption of domestic gas and RLNG (July 2017)
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Domestic Natural Gas Scene : September 2017
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ONGC Asset-wise gas flaring in FY 2016-17
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Source-wise LNG Imports for August 2017
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Coal Bed Methane (CBM) gas development in India
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Gas Pipeline Under Execution / Construction as on 31st March, 2017
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LNG Imports In July 2017
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Domestic natural gas price and gas price ceiling
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SAGE-EIL Presentation: Middle East to India Deepwater Pipeline
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Uptrend Stalled In Distillate Yield Of PSU Refineries
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Oil India Ltd : Large and Diversified Domestic Reserve Base
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ONGC: VAP Production
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ONGC Intensifies Exploration In Kutch-Saurashtra
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Latest Estimated Hydrocarbon Reserves In India
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Power Deficit Widens In October 2017
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An Updated LPG Profile In Brief ( April- September 2017)
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Import of Crude oil and Petroleum Products (April – October 2017)
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Gross Refining Margins (GRM) of refineries (April - September 2017)
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IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
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HPCL’s Performance Over The Years
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Long Term Growth Strategy & Strategies to Achieve 2030 Aspirations
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Uptrend in ONGC’s Offshore Crude & Gas production
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Monthly average price of Indian crude basket from August 2016 to August 2017
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Power Situation In September 2017
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Region wise percentage share of crude oil imports: April-September 2017
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Status Of Oil India’s 4 Major Overseas Assets
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BPCL upstream blocks and assets in India and overseas
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Story Of ONGC Reversing Production Trend In Onshore
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HPCL’s Consolidated profit and market capitalisation
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Paradip Refinery– Salient Features
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Tenders [FREE Access]
Vedanta Limited
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Engineers India
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