|
Salman Khurshid’s Visit To Iran Unlikely To Yield Much
more...
OVL’s Differing Strategy For Bangladesh And Myanmar
more...
PLL’s Recent Agreement Furthers A Trend
more...
Much Conjecture On OVL’s Future Status
more...
Energy Insurance Pool Plan Facing Problems
more...
PSC Should Factor In Incentives For North East Oil Exploration
more...
|
|
BHP Billiton Refuses To Accept MoD Conditions For PSC Blocks
more...
Cairn Opposes Declaration Of Commerciality, FDP
more...
ONGC Plans Early Monetisation Of Discoveries in Cauvery Blocks
more...
DGH, GAIL Differ On Oil Discovery In Rajasthan Block
more...
BPRL Seeks Waiver Of Acquisition Of 2D seismic Data
more...
|
|
MoPNG To Decide On Price Of Ethanol
more...
|
|
Linde To Build Major Plant Complex For RIL
more...
Kochi R-LNG Terminal To Be Commissioned This Year
more...
IOC's Shale Oil Project Makes Some Progress
more...
CCI Clears Several Projects In Oil, Gas Block Sector
more...
|
|
India A Net Exporter Of Petroleum Products Since 2001-02
more...
Market Report : Bitumen
more...
Market Report - Gas Turbines
more...
Market report : LPG Cylinders
more...
Market Report - Lubricants
more...
Market Briefing Report : Methyl Tertiary Butyl Ether (MTBE)
more...
Market Briefing Report : ATF (Jet Fuel)
more...
|
|
WesternGeco
more...
ONGC Gets Exploration Lead In Deep-water KG Block
more...
PLL Seeks Stake In GSPC’s LNG terminal
more...
OVL Raises $800 M To Fund Asset Buys In Azerbaijan
more...
Jubilant Announces Spudding Of Third Well
more...
|
|
|
May 22, 2013: Oil India Pleads Against Discrimination In Hiking Gas Prices, click IOG Exclusive for details.
May 21, 2013: Petroleum and Natural Gas Minister Veerappa Moily Intervenes to Persuade Andhra Government To Allot Land For ONGC’s Eastern Offshore Asset, Click Column IOG Exclusive for details.
May 20, 2013: Indian Oil Corporation’s subsidiary, Lanka IOC, has been finding the going extremely tough in Sri Lanka. There was even a possibility of IOC pulling out from that country. The issue came up for discussion between India’s petroleum secretary Vivek Rae and P.B. Jayasundara, secretary, Ministry of Finance and Planning of Sri Lanka. The Sri Lankan minister proposed a way of the present impasse, click IOG Exclusive for details.
May 17, 2013: We have collected a lot of data on CNG/PNG business in the country. Percentage of share of taxes, comparison with market price of Petrol, Diesel, LPG, PNG Price in comparison with LPG, Selling Price of PNG/CNG in different states, Different taxes levied by states. Click Column Gas Scene for details.
Farce or Bunk - that is the question. According to Karl Marx, history can repeat itself only in the form of a farce. We discern a little bit of history repeating itself in the appointment of a committee headed by Dr Vijay Lakshman Kelkar to revisit the contentious question of domestic gas pricing. Kelkar is one of the very few experts in the country who are honest and cannot be bought. Click our immensely popular Free Access Column Petro Intelligence to read an exciting chapter of India's corporate history.
|
|
Veerappa Moily asks Kelkar panel to suggest roadmap for freeing gas prices
May 22, 2013: Petroleum Minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017. Moily expanded the terms of reference (ToR) of the panel he appointed in March to prepare a roadmap for enhancing domestic production of oil and gas so as to substantially reduce the more..
Oil marketing firms under CCI scanner for price fixing
May 22, 2013: The Competition Commission of India (CCI) has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices. The Director-General, the investigation arm of the CCI, is probing the issue. Without divulging specific details, a senior CCI official said: “The Director-General is investigating more..
Major oil refiners may find it hard to close books for Q4
May 22, 2013: The trio of IndianOil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation is scheduled to declare fourth quarter results by the end of this month. It is a million dollar question whether they can meet the deadline as their owner and largest shareholder, the Government, has created a new tangle. For some time now, the more..
ONGC hopes to recover 35% costs incurred in exploring methane from selected partners
May 22, 2013: ONGC expects to recover approximately Rs 1.20 billion by farming out 35 per cent stake to private sector operators in three exploratory coal bed methane (CBM) assets, according to sources. In April, ONGC board decided to rope in two partners, with 25 and 10 per cent stake each, as “joint operators”, in North Karanpura more..
Over 15,000 MW capacity plants stuck due to zero supply by RIL
May 22, 2013: Over 15,000 MW gas-based capacity is stranded in the country due to non supply of natural gas from RIL’s KG basin. “The total capacity of gas-based stations in India is 18,830 MW of which 15,529 MW is fed with gas from RIL. That (15,529 MW) is idle as there is no gas available from RIL,” an official told PTI. more..
Essar Energy inks $1 bn loan pact with two Chinese banks
May 22, 2013: Essar Group firm Essar Energy Plc today signed an agreement with China Development Bank and PetroChina International Co for $1 billion loan, sources said. “Essar Energy today evening signed an MoU with the China Development Bank and PetroChina International Co for $1 billion loan,” a person in the know of the development more..
International crude oil price of Indian Basket Rises sharply to 102.50/US$ bbl on 20th May, 2013
May 22, 2013: 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 inched up to US$ 102.50/per barrel (bbl) on 20th May, 2013. This was higher than the price of US$ 101.96/bbl prevailing on the previous trading day of 17th more..
Sustainability Report of NTPC Released
May 22, 2013: NTPC Limited, India’s largest power utility released its Sustainability Report “Powering with care...” today highlighting company’s step towards sustaining greener environment, conserving natural resources such as energy, water etc. The Report also mentions companys’ commitment towards Corporate more..
|
|
Raising Gas Prices
 Once again, there are concerted moves afoot to try to get the government to treble the price at which domestically produced gas is currently priced. Although other gas producers have also sought an increased more...
|
|
Oil India Pleads Against Discrimination In Hiking Gas Prices
 May 22, 2013: Public sector oil companies such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) are excited about the prospects of natural more...
Veerappa Moily Writes To Andhra CM Recommending ONGC’s Case For Land To Strengthen Eastern Offshore Asset
May 21, 2013: Oil and Natural Gas Corporation (ONGC) has been finding it difficult to get sufficient land for its office complex to strengthen the management of Eastern Offshore Asset. It sought petroleum minister Veerappa Moily’s help to prevail on the state government to speed up the allotment of land already more...
Sri Lanka Proposes JV Between Lanka IOC And Ceylon Petroleum Corporation
May 20, 2013: The Sri Lankan minister Dr. Jayasundara has proposed a joint venture between Indian Oil Corporation and CPC as the best way to break the deadlock in the operations of Lanka IOC. This JV could be a similar to the joint venture between NTPC and Ceylon Electricity Board which had been set up under the Companies Law more...
India Upset With Iran Government’s Comments On Iran-Pakistan-India Gas Pipeline Project.
May 16, 2013: Iran-Pakistan –India (IPI) gas pipeline project has been in cold storage following strong resistance to it from the United States.
Pakistan talked about reviving the project up to its borders but did not dare take any positive step in laying a pipeline. India has been keeping quiet though in principle it remains more...
Adani, Welspun Protest Against Encashment of Bank Guarantee For Assam PSC Block AA-ONN-2004/4
May 15, 2013: NaftoGaz India has taken quite a few Indian companies and even the Ministry of Petroleum and Natural Gas (MoPNG) for a ride claiming that it is a subsidiary of the state-owned NaftoGaz of Ukaraine. It won contracts and signed production sharing contracts on the strength of forged documents. MoPNG already more...
Oil India Seeks Change In Provisional Subsidy Mechanism As Crude Oil Prices Continue To Slide
May 13, 2013: The international crude oil prices, which form the basis of pricing for supply of crude oil by Oil India Ltd (OIL) to domestic refineries, are currently prevailing at much lower level compared to that in the last financial year.
While average price of Indian basket of crude oil during 2012-13 was more...
CAG Audit Team Again Seeks MoPNG Intervention To Access Certain Documents Of KG D6
May 8, 2013: The audit team of Comptroller and Auditor General (CAG) which resumed auditing of KG D6 at the premises of RIL at Navi Mumbai has told the Ministry of Petroleum and Natural Gas (MoPNG) that it has been refused access to all the modules of SAP.
MoPNG had directed RIL, in writing, to provide all more...
DGH Not Impressed By Essar’s Proposal To Explore For Shale Gas In Its Cambay Block.
On January 15, 2013, Essar wrote to Ministry of Petroleum and Natural Gas (MoPNG) proposing that it could explore for Shale Gas in its pre-NELP Cambay block,CB-ON/3, as it has the required expertise to do it.
MoPNG forwarded its letter to Directorate General of Hydrocarbons (DGH) for comments and wanted it to more...
BGEPIL Upset With ODAG’s Verbal Instructions To Suspend Seismic Survey In Mumbai Offshore
It was a strongly worded protest by BGEPIL which along with BHP Billion signed production sharing contract for offshore deep water block MB-DWN-2010/1 in Mumbai Offshore.
On April 23, 2013, even as the 2D Seismic Operations in the Block reached 60 per cent, ODAG, an organization under the Ministry of Defence more...
Cairn Makes Yet Another Representation For Approval For Cost Recovery Of Hire Charges Of Kakinada Jetty
May 3, 2013: Cairn India has been seeking cost recovery of hire charges of Kakinada Jetty for the drilling campaign of infill wells in 2010-11 and 2011-12. The contract was awarded on nomination basis to Kakinada Sea Port (KSPL) for a total estimated consideration of US$ 5.7 MM.
The drilling and work over more...
Bob Dudley Brings BP Board To India For Next Meet
 As part of its strategy to intensify the lobbying for a higher price for the domestic gas, BP has decided to have the next meeting of its Board of Directors in India in May.
more...
Punj Outbids All, Swiber Becomes Highest Bidder For ONGC’s B-127
April 29, 2013: Atul Punj- controlled Punj Lloyd has outdistanced rivals to emerge as the lowest bidder for ONGC’s B-127 Pipeline project in Mumbai Offshore with a price of $ 131.46 million.
The most significant development in the Mumbai offshore engineering sector is that the Singapore –based, Swiber Offshore which more...
Will Santos Quit Its PSC Blocks In North East Coast With Government Refusing Financial Relief?
April 26, 2013: Santos is the operator of blocks NEC-DWN-2004/1 and NEC-DWN-2004/2 in Bay of Bengal. These Blocks are presently in Force Majeure, and no activity on the acreage has been possible since 2009. Santos says at present, there is no firm indication that the maritime boundary dispute between India and Bangladesh, more...
|
|
White Paper 'Applicability of Predictive Analytics to National Data Repository (NDR) in Oil and Gas Industry'
By Simha Chalam, IT Consultant & Pavan Kumar, IT Consultant
| During the process of Exploration and Production of oil and gas, a huge volume and variety of data transformations happens across various enterprise applications. The Operational more...
Will Exports of gas by US help India
The looming prospect of the U.S.'s becoming a major exporter of natural gas is likely to have a major impact on the gas market, price of gas and even on the geo political situation . But will India benefit ?
The United States has significantly increased its natural gas production since 2005, largely because more...
Budget 2013: Finance Minister catches Oil & Gas Industry on the wrong foot
The Finance Minister seems to have sprung a surprise on the oil and gas sector by proposing to move to a Revenue-sharing mechanism from the current Profit-sharing one (as per the Production Sharing Contract currently in force) for new oil and gas contracts signed with the Government. While the shift itself was indeed in the more...
Exploration in Mining Lease Area after Expiry of Exploration Period.
Government of India has decided that exploration will be allowed in Mining Lease Area with cost recovery on establishment of commerciality. All approved exploration costs will be allowed for cost recovery on such Declaration of Commerciality. The permission to explore in ML areas will be according to the following more...
Why Oil and Gas Industry Opposes Change In Refinery Transfer Price?
The reported move by the finance ministry to alter the Refinery Transfer Price (RTP) for petrol and high speed diesel from the current system of Trade Parity Prices (TPP) to Export Parity Prices (EPP) has sent shockwaves through the domestic oil and gas industry.
There is also a move to impose 2.5 more...
Decision on diesel prices could have far reaching ramifications
 The Petroleum Ministry under the new Minister, VeerappaMoily, seems to be finally showing some spunk as far as embarking on reforms are concerned. Not only has the MoPNG shown a willingness to consider more...
|
|
Interview with Rajeev Sharma, M.D, Adani Energy
Rajeev Sharma knows gas business better than many in the petroleum sector. As founder MD of the highly successful Indraprastha Gas Ltd (IGL), he demonstrated his dynamism and business acumen. He left GAIL (India) to join the rapidly expanding Adani Group to head its energy company, Adani Energy which again is a great success 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 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...
|
|
R. N. Choubey
 The Ministry of Petroleum & Natural Gas has appointed R. N. Choubey, DG, DGH, as Government Director on the Board of Engineers India Limited.
Accordingly, he has been inducted on the Board of EIL as Director more...
A.C. Mishra
A.C. Mishra has taken over as the Executive Director of Indian Oil Corporation’s Haldia Refinery. According to a company statement, Mishra was the General Manager (Optimisation) at Indian Oil’s Corporate Office in New Delhi and looked after supply-chain management.
A chemical engineering more...
East West Petroleum Announces Resignation Of James Dewar
East West Petroleum Corp which has operations in India announced that James Dewar has tendered his resignation as a director. The Board has thanked Dewar for his participation and contribution as a director and as audit committee chairman. Dewar has agreed to join the Company's Advisory Committee where he will provide more...
Oilex Still To Appoint GM, Operations – India
OILEX is still to appoint a General Manager operations for India. The previously announced appointment of Andy Pfaff as General Manager, Operations
India has not proceeded due to personal reasons of Pfaff. Suitable alternative candidates have been identified and an appointment is expected to be made in the current quarter.
more...
|
|
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 |
|
|
Oilex Quarterly Report To Shareholders
more...
|
|
China And India To Slog It Out Over Kazakhstan’s Kashagan Field
more...
Essar’s Stanlow Refinery To Get Larger Market Share
more...
Jindal Petroleum Discovers Oil In Georgia; To Spend $100 Million
more...
|
|
Comprehensive Data on CNG/PNG Business
more...
Netback price of Indian imports of LNG, Average Of Pricing Prevailing At Trading Points Of Transactions
more...
Existing Gas Pipeline Capacity in the country, Capacity utilization of GAIL pipelines, Details of upcoming pipelines
more...
LNG price goes up with distance to the landing point?
more...
India & US Renews MoU In Gas Hydrates
more...
LNG Based On Henry Hub From US Is Rated Cheaper For Indian Importers.
more...
Who is cheating whom?
more...
Note on the present production status of D1, D3 Gas Fields and MA Oil Field in KG-DWN-98/3 (KG-D6) Block (As on 14th January, 2013)
more...
Gas Availability For GAIL For Marketing & Transmission In 2013-14
more...
Production status of D1, D3 Gas Fields and MA Oil Field in KG-D6 Block (As on 31st December, 2012)
more...
Pricing Of Gorgon LNG, Qatar Gas LNG Contracted by Petronet LNG Ltd
more...
RLNG Sources for India, Importers, Quantity Imported
more...
Domestic Sources Of Natural Gas Supply, Selling Price, Quantity
more...
List of Stranded Projects Awaiting Allocation of Gas
more...
Expected Re-gasification Capacity In The Next Five Years
more...
|
|
DGH Notices To contractors Of Four Blocks For Non-submission of Bank Guarantees for F.Y 2013-14
more...
Difference between RIL and CAG On Audit of KG D6
more...
Cost of production of LPG from Natural Gas, Crude Oil
more...
How many rigs will ONGC substitute in FY 2013-14, how many additional rigs to be hired, rig month required for development work load?
more...
The estimated amount of subsidy to be saved by dual pricing of diesel
more...
Retail Selling Price of AUTOMOTIVE FUELS in Indian cities, Updated as on 1st May 2013
more...
Quantity of imported & domestic crude processed in last 5 years, capacity utilization of refineries, Products Produced.
more...
Quantity and Value of Products Imported by the Oil Companies during last Five Years
more...
The trend of consumption of petroleum products during the last five years
more...
India’s Increasing Dependence On Imported Crude Oil.
more...
Details Of 26 Discoveries Made By ONGC In 15 NELP Blocks
more...
A brief DGH Note on the present production status of D1, D3 Gas Fields and MA Oil Field in KG-DWN-98/3 (KG-D6) Block (As on 25th February, 2013)
more...
Package-wise Physical Progress of IOC’s Paradeep Refinery Project as of December 2012
more...
Status of BRPL’s Exploration and Field Development in Overseas Blocks (Till 31st December, 2012)
more...
The FDP capex changes in Vietnman Block 6.1
more...
ONGC Videsh Ltd.: Details of the Revised Estimate (RE) for the current FY 2012-13 and Budget Estimate (BE) for 2013-14
more...
List of documents already submitted to CAG Audit team and the status of those documents which have been sought by CAG team but not submitted so far
more...
Retail Selling Price of Sensitive Petroleum Products In India And Neighbouring Countries
more...
|
|
Indian Oil Corporation Limited
more...
Indian Oil Corporation Limited
more...
|
|
|
