Policy
ONGC Videsh May Tread Carefully In Russian Waters
more...


Back-Channel Diplomacy Needed For Farzad-B Field In Iran
more...


Will Iran Gas Through SAGE Pipeline Land GAIL In Trouble?
more...


Will ‘Made In India’ Work For LNG Shipping?
more...


Proposed Revenue Sharing Regime Splits Bureaucracy & Industry
more...


Should ONGC- Promoted OPaL Be Given Domestic Gas?
more...

Regulation
Cairn Claims Improvement In Performance Of Mangala Field
more...


Truth Behind NIKO’s Numbers: India Vs Bangladesh
more...


Focus Energy Gives Notice To Enter Phase-II Of Rajasthan Block
more...


India’s DGH & Mexico’s CNH Sign MoU
more...

Alternative Energy / Fuel
Large Import Saving Expected From Ethanol Blending
more...

New Projects
Story Of OPaL’s Project Cost Rise From Rs.124 Billion to Rs.214 Billion
more...


Oil India Investing Rs 12 Billion To Revamp Pump Stations
more...


MIAL Proposal For Joint Venture Fuel Farm
more...

Market Watch
Woodside Seeks Entry Into India’s LNG Market
more...


Under-recovery On PDS Kero & Domestic LPG
more...

Companies
Alphageo India
more...


Indus Gas Report Its Full Year Results
more...


Bengal Energy Expands Drilling Program
more...


Man Industries Wins Rs 5.50-Billion Pipe Supply Contracts
more...


Alphageo Gets Contract Worth Rs 110 Million
more...

Press Release [FREE Access]
Latest Exclusives
October 24, 2014: India’s domestic refining capacity increased substantially over the years. So did the quantum of crude imports. This enabled India to become a net exporter of petroleum products since FY 2001-02 from a net importer of products. Click Column Special Database for year-wise refining capacity, crude imported, crude processed and net export of products since 1997-98.

October 22, 2014: Allocation of natural gas is decided by the government in tune with its gas utilization policy. Domestic production and regasified LNG (R-LNG) are allocated in tune with its priorities. Click Column Gas Scene for the sector-wise supply of natural gas during FY 2013-14.

October 21, 2014: Importance of Kuala Lumpur In Indian Upstream Oil Companies' Scheme Of Things. Click IOG Exclusive for details.

October 20, 2014: Ministry of Petroleum & Natural Gas Begins To Act On Completing National Gas Grid, Click column IOG Exclusive for details.

October 17, 2014: BG-led Panna, Mukta, Tapti Consortium Criticised For Not Keeping Separate Books Of Accounts For Two Fields, Click IOG Exclusive for details.

October 16, 2014: BP Exploration Asked To Extend Bank Guarantee For KG Block Pending Decision On Relinquishment, click IOG Exclusive for details.

October 15, 2014: Vast areas of the country remain uncovered by gas pipelines. This is mainly because the domestic gas production cannot meet even half the country’s demand. The capacity of the already constructed pipelines are under-utilized. Click Column Gas Scene for details.

October 14, 2014: Following the intervention of the Supreme Court of India, the government launched the Auto Fuel Policy in 2003. The policy was being implemented in phases. A new Expert Committee has made recommendations for an Auto Fuel policy to be implemented with effect from 2017. Click Column Special Reports for details.

October 9, 2014: Newspaper or magazine Columns normally do not break news but our Petro Intelligence does. The news is that the boulder which RIL chieftain Mukesh Ambani has been raising to the top with Sisyphean ordeal has rolled down again. The four official worthies who have been wrestling with the task of hammering out an acceptable formula for pricing of domestic gas remain sharply divided over the quantum of hike. The ball has now been lobbed to the political leadership which essentially means Narendra Modi. Which way will Modi go? Click our Free Access Column Petro Intelligence.
Today's News [FREE Access]
No plan to curtail supply of subsidised LPG cylinders: Dharmendra Pradhan
October 25, 2014: The government has no plans to curtail supply of subsidised cooking gas (LPG) from current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June. There is absolutely no proposal to reduce subsidised LPG quota (per household)," Oil Minister   more..


Oil minister reviews readiness for re-launch of DBT in LPG scheme
October 25, 2014: Petroleum minister Dharmendra Pradhan today reviewed the performance of Oil Marketing Companies (OMCs) for the re-launch of the Direct Benefit Transfer (DBT) in the Liquefied Petroleum Gas (LPG) scheme. The Union cabinet had, on 18 October, approved the launch of the scheme aimed at cutting down LPG   more..


There are many ways to slash cooking gas subsidy
October 25, 2014: The Centre's reported decision to cap the subsidy on cooking gas makes perfect sense. Open-ended — and, in effect, unlimited — consumption subsidies on petroleum products simply misallocate resources, stymie investment and jack up the cost of funds across the board. The subsidy on domestic   more..


Freeing diesel : Profound effect across many industries
October 25, 2014: The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal deficit and inflation. A decontrol of diesel also positively affects the transport and telecom sectors at this instant. The oil subsidy mechanism worked as follows.   more..


Raising the output key to Cairn India's prospects
October 25, 2014: Cairn India (Cairn) put up a dismal show in the September quarter on the back of lower production, higher costs and soft realisations. Revenues at Rs 39.82 billion (down 14.4 per cent year-on-year) were lower than Bloomberg estimates of Rs 43.73 billion. Likewise, the earnings before interest, taxes,   more..


Assam government prohibits strike in oil, gas, refinery services
October 25, 2014: The Assam government, in exercise of powers conferred by Section 3 of the Essential Services Maintenance (Assam) Act, 1980, today prohibited strikes in the state by all those involved in the services of oil fields, gas sector or refinery. The government, through a notification, prohibited strike by officers,   more..


Global crude oil price of Indian Basket was US$ 83.61 per bbl on 23rd October, 2014
October 25, 2014: 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$ 83.61 per barrel (bbl) on 23rd October, 2014. This was lower than the price of US$ 83.73 per bbl on previous publishing day of   more..


Fuel subsidies to labour reforms: PM Modi unleashes slew of reforms in just 1 week
October 24, 2014: Prime Minister Narendra Modi has unleashed a slew of reforms in the past week, scrapping fuel subsidies, simplifying labour rules and pledging to open coal mining to private players in a bid to kickstart the economy. The reforms are seen as some of the most significant since Modi and his BJP swept the national   more..

Petropulse / Guest Column
Forecasting A Fall In Crude Prices
Kottilil NarayananFrom the point of view of India’s security, from all angles including energy security, the current geopolitical situation in West Asia demands an immediate more...

IOG Exclusive
Importance of Kuala Lumpur In Indian Upstream Oil Companies' Scheme Of Things.
October 21, 2014: Ravva oil field on the East Coast of India, operated by a consortium led by Cairn India Ltd (CIL) with Videcon, ONGC and Ravva Oil Singapore as partners, has been in perpetual legal battle with the Indian government. Both the parties had originally settled for Kuala Lumpur as the centre of more...

Ministry of Petroleum & Natural Gas Begins To Act On Completing National Gas Grid
October 20, 2014: At present India is having about 15,000 Km long gas pipeline infrastructure including Spur lines. The government is committed to create National Gas Grid for which an additional 15,000 km of pipelines is required. The additional pipelines required e have broadly been categorized under four categories: more...

BG-led Panna, Mukta, Tapti Consortium Criticised For Not Keeping Separate Books Of Accounts For Two Fields.
October 17, 2014: Government's Auditors have criticized the Joint Venture headed by BG for not keeping separate accounts for the two fields, Panna-Mukta and Mid-South Tapti fields.These are fields under two separate Production Sharing Contracts. Official auditors discovered that the Books of more...

BP Exploration Asked To Extend Bank Guarantee For KG Block Pending Decision On Relinquishment.
October 17, 2014: BP Exploration (Alpha )Ltd last year submitted a proposal to relinquish block, KG-DWN-2005/2 which it operates in partnership with Reliance Industries Ltd (RIL).However, the government has not yet taken a final decision on this proposal. Directorate General of Hydrocarbons (DGH) wrote to BP more...

RIL Seeks A Higher Priority For Petrochemical In Gas Allocation.
September 26, 2014: Reliance Industries Ltd (RIL) has urged the Modi government to assign a higher priority while allocating natural gas which is a critical feedstock for petrochemical industry with “highest benefit to national economy”. RIL’s Dahej petrochemical complex is facing a shortage in gas supply. more...

How Expensive Is Natural Gas Production In India – Part-II
September 24, 2014: Yesterday (September 23, 2014), we carried US consultant IHS-CERA’s presentation in New Delhi on the estimated cost of natural gas production in India. How realistic are its estimates? We have obtained the production costs available with Directorate General of Hydrocarbons (DGH) which are based on the actual data supplied more...

How Expensive Is Natural Gas Production in India? Part- I
September 23, 2014: Cambridge Energy Research Association (CERA) was a US-based consultant which was taken over by IHS Energy. IHS CERA made a presentation in New Delhi last year on India’s remaining gas reserves and the cost of production. The presentation assumes significance coming as it did in the wake of the intense lobbying to get the more...

EAS Sarma Asks Petroleum Ministry To Challenge Justice Bharucha’s Appointment
EAS SarmaSeptember 11, 2014: Eminent retired bureaucrat EAS Sarma has once again taken up the issue of the appointment of Justice Bharucha as one of the arbitrators in KG D6 matter. more...

BPCL- Proposed Crude Pipeline Can Make Tremendous Impact On North East Economy
August 19, 2014: Bharat Petroleum Corporation Ltd (BPCL) in its proposal seeking expansion of Numaligarh Refinery Ltd (NRL) in the state of Assam has proposed a 1350 KM long crude oil pipeline. This pipeline project and its ROU can open up opportunities for expansion of Bongaigaon and Guwahati Refineries of Indian Oil more...

BPCL: Caught Between Unsafe Pipeline & Agitating People
August 12, 2014: Replacement of LPG pipeline from ONGC to BPCL LPG Plant at Uran has been giving anxious days to the BPCL management. BPCL’s LPG Plant at Uran in Raigad district of Maharashtra apart from being one of the largest plants in the region, is located at operationally critical location to more...

DGH Blocks Transfer Of Geopetrol’s PI & Operatorship To CAPIL For CBM Blocks In Madhya Pradesh
August 7, 2014: Geopetrol with 10 per cent Participating Interest (PI) is the operator of CBM block SP (N)-CBM-2008/IV in the state of Madhya Pradesh. Geopetrol wants to transfer the PI and operatorship to Coastal Andhra Power Infrastructure Ltd (CAPIL), an Anil Ambani group company.   Geopetrol cited more...

BPCL Seeks 53 % Capital Subsidy To Expand NRL’s Capacity, Cross Country Pipeline
S. VaradarajanAugust 6, 2014: The 3 MMTPA Numaligarh Refinery Limited (NRL) was set up at Numaligarh in the state of Assam in accordance with the provisions of the Assam Accord. The refinery has contributed more...

DGH Expands Scope Of Its Weekly Report On RIL-Operated KG D6
August 5, 2014: The Block has the following fields which are currently on production: D1 &-D3 Gas Fields: Non-Associated Gas fields, which have been on production since April, 2009. Currently, the fields are in declining phase. MA Oil Field: An Oil field with production of oil, more...

Calculation Of Cost Of Unfinished MWP Still Poses A Problem To Production Sharing Contracts
July 30, 2014: Directorate General of Hydrocarbons (DGH) claims to have made some headway in resolving the issue surrounding the calculation of Unfinished Minimum Work Program. This is clear from the query posed to DGH by Ministry of Petroleum and Natural Gas (MoPNG). A couple of weeks ago, MoPNG asked DGH to more...

Cairn Energy Deliberately Violated Competitive Bidding?
July 28, 2014: Cairn Energy, operator of block KG-ONN-2003/1, is found to have shied away from competitive bidding as provided for in the Production Sharing Contract while carrying out its exploration activities in the block. DGH referred certain unacceptable practices of Cairn Energy to SARC &Associates, more...

SWAN Energy Ltd Opposed To Regulations For LNG Terminals
July 15, 2014: Swan Energy Ltd (SEL) has told the Petroleum and Natural Gas Regulatory Board (PNGRB) that there is no need for regulations for LNG terminals as they are not natural monopolies like Gas Pipelines. It was responding to draft regulations for registration for establishing and operating LNG Terminals. more...

Special Reports
Auto Fuel Policy: Status, Vision & Policy 2025
October 14, 2014: Following the intervention of the Supreme Court of India, the government launched the Auto Fuel Policy in 2003. The policy was being implemented in phases. A new Expert Committee has made recommendations for an Auto Fuel policy to be implemented more...

Kelkar Committee’s Consultation Paper Errs In Supporting Production Sharing Contract System
 September 19, 2014: The Consultation Paper of the report of the Committee on Roadmap for Reduction in Import Dependency in Hydrocarbon Sector by 2030 has been divided into two parts. Part I deals with the steps to be taken more...

Presentation On State Specific Cost (SSC) On Crude & Petroleum Products.
September 17, 2014: In addition to Central Excise and Customs duties, crude and petroleum products are subject to State Specific Cost (SSC) some of which are irrecoverable. There was a presentation in the Ministry of Petroleum and Natural Gas regarding the need for abolition of all irrecoverable taxes on crude and products. We have obtained a more...

Positive Elements In Kelkar’s Consultation Paper, Aiyar’s Piece Riddled With Flaws
 The redoubtable Swaminathan S. Ankelesaria Aiyar has shot off a column in the Times of India arguing vehemently for selling gas to the highest bidder. It is ostensibly based on the second part of the consultation paper more...

The Gas Price Issue : Misunderstanding Basics – Willful or Unintentional?
 September 15, 2014: One does not expect Vijay Laxman Kelkar to make mistakes but in the case of Swaminathan S Anklesaria Aiyar one might presume that he did not catch the point when he insists in his recent article in the more...

How Did RIL, Hardy Negotiations Over Transfer Of PI Run Into Problems?
August 14, 2014: RIL with 90% PI is the operator of the block GS-OSN-2000/1. Hardy with 10% PI is the JV partner. The Phase -I Exploration period was from 16th August, 2001 to 6th July, 2008 including extensions. The total exploration period was up to 13th May, 2010. As per PSC MWP commitment for Phase-I of the more...

First Budget of Modi Government seems a letdown for the Oil & Gas sector
July 11, 2014: The Budget presented by Finance Minister Arun Jaitley had precious little for the oil and gas sector, belying the many hopes of both producers and consumers who expected the Modi-led Government to shower largesse on producers so as to stimulate investment in the economy.  more...

Indian Oil Corporation's Oil Price Risk Management
July 1, 2014: How Did  IOC's Oil Price Risk Management Work? We have obtained the IOC management's own assessment of the performance. Indian Oil Corporation's Oil Price Risk Management Oil more...

Unfinished MWP- Cost calculations pending for decision by MoPNG on related PSC issues
June 26, 2014: Computation of cost calculation of Unfinished Minimum Work Program can get complicated due to different reasons such as extension of exploration phases, operator seeking Force majeure, excusable delay etc. Part-II deals with cases pending decision by Petroleum Ministry on related PSC more...

Cost calculations already sent & yet to be approved by MoPNG
June 24, 2014: Production Sharing Contract under NELP has a provision for Minimum Work Program (MWP) which the contractor is duty-bound to honour. If not, the cost of Unfinished MWP will have to be paid to the government. The computation of the cost of Unfinished MWP is a bone of contention between the contractor and DGH. We have collected the more...

E& P Activities In India's North East Under PSC Regime
June 20, 2014: Under the PSC regime, 31 exploratory blocks have been awarded in the North Eastern states (Arunanchal Pradesh-1, Assam-19, Manipur- 2, Mizoram- 3, Nagaland-2, Tripura-4) covering an area of 43,722 square kilometre. 9 blocks have been relinquished (Arunanchal Pradesh-1, Assam - 6, more...

Views
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...

Go All The Way: Let market determine fuel prices, not politics
The hike in diesel, LPG and kerosene prices will narrow the gap between diesel and petrol prices, but also act as a spur to inflation. The former effect is welcome, the latter hardly so. The gap that had been widening between petrol and other fuels reflected bad policy both from socio-economic and environmental points of view. more...

Personalities
Rajeev Mathur, New MD, MGL
Rajeev MathurRajeev Mathur, Executive Director, Marketing, at GAIL has taken over as the Managing Director, Mahanagar Gas limited. He succeeds. V C Chittoda. Mathur brings with him a more...

New Joint Secretary In Petroleum Ministry
UP Singh has been posted as Joint Secretary in the Ministry of Petroleum and Natural Gas.  Singh is 1985-batch Orissa cadre IAS officer U P Singh, who served as private secretary to Petroleum Minister Dharmendra Pradhan’s father Devendra Pradhan when he was Minister of State for Surface Transport in the Vajpayee 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.

To download this full article in PDF, click here
Petro Intelligence [FREE Access]
Gas Pricing: Only Modi Can Raise The Sisyphean Boulder
more...

A Balancing Act
more...

Rangarajan Formula: Masterstroke Of Five Fallacies
more...

Foreign Investment
Gulf Petroleum Acquires Shell’s India Bitumen Plant
more...


ADB Sells Entire Stake In India’s Petronet LNG
more...

Overseas Investment
Russia’s Rosneft Offers ONGC Stake In Eastern Siberia Oilfield
more...

Gas Scene
The sector wise natural gas supply during FY 2013-14
more...


Revision of Domestic Gas Prices
more...


Gas Pipeline Utilisation As on March 31, 2014
more...


Performance Audit on ‘Supply and Infrastructure Development for Natural Gas’
more...


Status of shale gas in India
more...


PNGRB Gets Comments From Entities On Proposed CNG Guidelines
more...


SAGE’s Middle East- India Deep Water Gas Pipeline Gaining Acceptability
more...


Existing & Projected Re-gasification terminals and their capacity
more...


Natural Gas Production In 2013-14
more...


Projected production of domestic gas, and demand for gas in coming years.
more...


Which are the top 10 consuming countries of RLNG? How does India compare with them?
more...


Gas pricing provisions under NELP
more...


India's Total Gas Consumption In Last Five Years
more...


Natural Gas Prices In The Domestic Market
more...


Details Of India’s Long Term Contracts For RLNG
more...


Presentation on Gas Price Issues
more...


GAIL's Investment and Partners In City Gas Joint Ventures
more...


NFCL Says Unavailability Of Gas Can Lead To Accidents in Its Plant
more...


Great Eastern Energy is the operator of Raniganj block with 100 per cent Participating Interest.
more...


Different taxes and duties that are included in the prices of PNG & CNG
more...


Salient Features Of Turkmenistan - Afghanistan - Pakistan – India (TAPI) Gas Pipeline Project
more...


IOC's Spot / Short Term RLNG Purchases during October 2013 to March 2014
more...


Difference In Specifications Of LNG Ships In GAIL's Two Proposals
more...


GAIL's Proposal To Bail Out Gas-starved RGPPL
more...


National Gas Hydrate Program Seeks Defence Clearance For R& D Wells
more...


Gas Production Status of D1, D3 Fields Of RIL-operated KG D6 As On April 21
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
India’s Transformation From Net Importer of Petro Products To Net Exporter
more...


Petroleum Sectors Contribution to Exchequer
more...


Petroleum Product Prices in India are lower or comparable with those in South Asia, USA, Canada & Europe
more...


Impact of Depreciation of Rupee against US Dollar
more...


Details of Projected Under-recovery for 2014-15
more...


Cost of Filling 1.03 MMT of Strategic Reserves with Crude Oil
more...


Story Of India's Rise From Net Importer To Net Exporter of Petroleum Products
more...


Secret Of Oil Marketing Companies' Profits
more...


Quantities Uplifted from Private Refineries by OMCs
more...


Crude Oil Procurement Plan: 2014-15
more...


Impact of increase in prices of petroleum products on Inflation?
more...


Details Of Crude Processed in Indian Refineries In Last 10 years, Capacity Utilisation
more...


Crude Supplies From Iraq Continues Unaffected By Turbulence
more...


India's rising crude import dependence
more...


Retail Selling Price of AUTOMOTIVE FUELS in Indian cities as on 25th September, 2014
more...


Who Enjoys What Share In India’s Crude Import Basket?
more...


Additional Secretary Committee Report On Review of Royalty Computation
more...


What is the quantum of petroleum products India will produce in FY 2014-15?
more...


Crude Oil Production Estimate: 2014-15
more...


Demand Estimates for Petroleum Products For FY 2014-15
more...


India’s Estimated Import Bill On crude, Products, LNG In Different Scenarios For FY 2014-15.
more...


Product-wise petroleum supply-demand situation for FY 2014-15
more...


DGH- Prepared Production Status Report On RIL-operated D1, D3, MA Fields
more...


India's Refining Capacity, Existing, Under Expansion, New Refineries
more...

Tenders [FREE Access]
Indian Oil Corporation Ltd
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved