Policy
India Sourcing Crude Oil From Russia Appears Some Way Off
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Indian Investments In Mozambique May Be Affected By Low LNG Prices
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ONGC Videsh Keen To Enter Canadian Oil Sands
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Lack Of Consistency Affecting Diesel
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Can NE India Sustain 6 MT Additional Refining Capacity?
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Regulation
ONGC Drilling Deeper In Deep Waters
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GSPC May Drastically Scale Down E&P Involvement
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Court Verdict On Cairn India Plea To Impact Oil Sector
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MoPNG Seeks $246 Million Profit Share From Reliance Industries
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Claims & Counterclaims On LPG Subsidy Saving
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Alternative Energy / Fuel
Biodiesel Manufacturers Seek VAT Relaxations
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New Projects
L&T To Partner GE To Manufacture Subsea Equipment
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New Gas Pipelines To Connect Bangladesh And India
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Chennai Petroleum Plans $3 Billion Expansion
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HPCL To Set Up Asias Biggest LPG Bottling Plant In West Bengal
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IOC To Set Up Styrene Project
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Market Watch
Myanmar A Market For Indian Fuels?
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Companies
Standard Greases & Specialties Pvt Ltd
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ONGC Launches Start-Up Fund
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Lubrizol And Astral Terminate Agreements
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Tide Water Accepts Standard Greases As Co-Promoter
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Press Release [FREE Access]
Latest Exclusives

August 26: High fuel cost resulted in declining dispatch from gas-based power plants. Plants were impacted by merit order dispatch. Click Gas Scene for gas-based power production and consumption trends.


August 24, 2016: A highly respected former petroleum secretary was the first to congratulate us for the piece Gas Migration Case: Regulators In The Dock which appeared in column Petro Intelligence on August 10, 2016. We did receive similar comments from quite a few eminent people familiar with the country’s oil and gas industry. What surprised us was a comment from a former senior executive of ONGC imputing that our article was strangely silent when it came to exposing the real colluders. We took it as a serious charge and probed it in all seriousness by interacting with a cross-section of geologists and senior executives, past and present, in the oil industry. His point was that there were colluders from within ONGC. A journalist needs solid documentary evidence to reach definite conclusions in the absence of which he can present facts before the readers who may come to their own judgement. This is precisely what we have done in the latest piece Gas Migration: Collusion Or Laxity. Click Free Access column Petro Intelligence.

In Guest Column, petroleum trading expert Ravinder Kumar says the worst is over for the crude market which is unlikely to see lower levels. He sees a strong possibility of crude price rising to $60 a barrel before the end of the year.

India’s PSU oil marketing companies have begun to consider the feasibility of sourcing crude from Russian fields where they have invested. The move is significant. India’s investment in the Mozambique gas block is facing uncertainty. These are among the five exclusive reports in column Policy. ONGC has an impressive track record in deep wells in deep waters. The judgement of the Delhi High Court on Cairn India’s plea to export its crude can have an impact on the oil industry. There are five reports in column Regulation.

Today's News [FREE Access]
India's foreign exchange reserves touch $ 367 billion
August 27, 2016: India's foreign exchange reserves went up $1.3 bn to touch $ 367.2bn as of the week ended August 19 said the Reserve Bank of India in its weekly statistical report. According to market sources after two weeks of remaining flat the reserves went up supported by strong capital inflow which has given the   more..


Castrol India says not aware of any stake sale by BP unit
August 27, 2016: Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BPPlc, and said recent news reports that such a transaction would take place were based on market speculation. Media organisations, including Reuters, reported on Tuesday that Castrol Ltd   more..


Russia-India oil deal at risk due to US sanctions - media
August 27, 2016: US sanctions are threatening to derail Russian energy major Rosneft’s acquisition of a 49 percent stake in India's Essar Oil, reports The Times of India. The deal was curtailed by the US Treasury's Office of Foreign Assets Control, according to the daily. In July 2014, the Department of the   more..


Demand for diesel is bound to grow in India: P Raghavendran, President - Refinery, RIL
August 27, 2016: In this interview with ET Now, P Raghavendran, President-Refinery of RILBSE 1.44 % talks about the demand for petroluem products and growth. Edited excerpts: What is your outlook on demand for petroleum products in India? We are very   more..


L&T head A M Naik says company aims Rs 2000 billion revenue by 2021
August 27, 2016: Engineering major Larsen & Toubro plans to more than double its revenue to Rs 2000 billion by 2021, Chairman A M Naik told shareholders at the company's 71st Annual General Meet. The $16 billion conglomerate has chalked out a strategic plan focus on an 'asset light' model and has identified   more..


Global Energy leaders deliberate on HR strategies at 15th Oil and Gas HR Roundtable by UPES
August 27, 2016: At a time when HR training is witnessing phenomenal changes the world over, it is imperative that Indian oil and gas companies reinvent their human resource strategies to meet the challenges facing the sector and prepare employees for the exciting future that awaits the energy space. This was the consensus of   more..


SC pulls up Centre over plea alleging adulteration of diesel
August 27, 2016: The Supreme Court on Friday pulled up the Centre over a plea alleging the establishment of a system of supply of adulterated fuel by using subsidized kerosene in Uttar Pradesh. A bench headed by Chief Justice of India, T.S. Thakur, sought the Centre’s response over what was being done on the   more..


Global Crude oil price of Indian Basket was US$ 46.66 per bbl on 25th August, 2016
August 27, 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$ 46.66 per barrel (bbl) on 25th August, 2016. This was higher than the price of US$ 46.58 per bbl on previous publishing day of   more..

Petropulse / Guest Column
Oil Market In Technical Mode
Ravinder KumarThe $26 per bbl oil price seen in Feb, 2016 is behind us and currently, the market is in technical mode. If WTI crosses $51.5 bbl & Brent $53.5/bbl in next few days or weeks, we should be seeing oil prices more...

IOG Exclusive
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
Essar expanding its fuel retail business could help retail consumers
August 23, 2016: Recent news indicates that Essar Oil is looking to expand the number of retail pumps in its network to over 5,000 over the next year to 15 months. This will mark a more than doubling of its existing number of units. Also worth noting is that this intent comes at a time when the Essar promoters more...

Petronet LNG looking to expand beyond Indian shores
July Prabhat Singh19, 2016: Petronet LNG Ltd (PLL), India's biggest importer of liquefied natural gas (LNG), is apparently looking to expand its horizons and take its core expertise of operating LNG terminals more...

Kerosene reform could be the biggest reform in the Oil and Gas sector
July 12, 2016: The current Government has taken forward a number of reforms introduced by the previous UPA dispensation. But any reform in the kerosene subsidy system is clearly its biggest challenge due to a variety of reasons. After taking forward the reforms introduced by the previous UPA Government on more...

Changing Configurations, Complexity Of India’s Public Sector Refineries
July 5, 2016: The capacity, configuration and complexity of the refineries have undergone major changes with phase-wise capacity expansion and modernization. Starting with a simple hydro skimming refinery configuration in 1950s, comprising simple crude oil distillation, naphtha/kerosene/ATF treatment and more...

PSU Refineries’ Performance Improvement Program
June 23, 2016: Refineries in India were almost totally in the public sector for long. Some of them were built to process locally produced crude and the capacity of the refineries  in tune with the local crude availability. The refining technology happened to be from the erstwhile Soviet Union which was not always the more...

India’s Refining Capability & Latin America’s Heavy Crudes Make Formidable Combination
April 14, 2016: India is strong in its refining capacity. Latin America is rich in heavy crudes. In addition to being an emerging demand centre, India is a refining hub with state of art refineries located on the west coast capable of refining heavy crudes from Latin America and Carribean region (LA&C).   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
Ashish Gaikwad To Lead Honeywell Businesses In India
Ashish GaikwadHoneywell Automation India Limited has announced that Ashish Gaikwad has been appointed as its managing director effective October 1, 2016. Gaikwad succeeds Vikas Chadha, who was recently named more...

T. Natarajan Appointed Joint MD at Gujarat State Petronet
T. NatarajanDr. T. Natarajan, IAS has been appointed Joint Managing Director of Gujarat State Petronet Limited. Natarajan, who belongs to the 1988 batch of IAS, had served as Joint Managing Director of Gujarat Narmada more...

Pandya Takes Over As Asset Manager Of ONGC Mehsana
V.J. PandyaVJ Pandya, Executive Director, has taken up the mantle of Asset Manager of ONGC Mehsana. Prior to this assignment, he was the first Chief Drilling Services (Onshore) of ONGC. Pandya, known for his more...

Raj Shah Named Chartered Scientist Of Engineering Body
Raj ShahRaj Shah, director of Koehler Instrument Company, based in Holtsville, NY, was recently named Fellow of Energy Institute and the Society of Tribologists and Lubrication Engineers, and elevated to the status of 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]
Gas Migration: Collusion Or Laxity?
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Gas Migration Case: Regulators In The Dock
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Nagarjuna Refinery Awaits A Nudge From The Top
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In E&P, Big is Beautiful
more...

Foreign Investment
Cairn Energy Initiates Arbitration Seeking Compensation
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Overseas Investment
ONGC To Acquire 49% Stake In Rosnefts Oilfield
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Gas Scene
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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Update: CNG Price vs. Petrol/Diesel Price Delhi
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Citi Gas Distribution - Challenges And Opportunities
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Update : Monthly average international gas price/ indices
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Update: Domestic Gas Price, Gas/CNG Prices world over in last 3 months
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
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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Update: Imported crude & domestic crude oil processing
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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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Retail Selling Price (RSP) of major petroleum products in India & neighbouring countries
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Number of Bottling Plants and Bottling Capacity State-wise, Plant-wise
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Shrinking Domestic Share In Rising Demand For Crude & Products
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Update: Domestic oil & gas production vis a vis overseas production
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Update: LPG Marketing Network at a glance
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Update: Gross Refining Margins (GRM) of Refineries
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The growth of India’s refining capacity over the years
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Crude oil production in last five years in North-East
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Tenders [FREE Access]
Hindustan Petroleum Corporation Limited
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