Policy
Russia’s Urals Crude Poised For Major Foray Into Indian Market?
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Electric Car Policy Casts Uncertainty Over New Refining Capacity
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Edged Out By IOC From Top Slot, ONGC May Find Going Tough
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Indian Oil PSUs Prefer Russia’s Oil Assets For Further Investment
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India’s Strategic Storage Of Crude Oil Needs More Attention
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Regulation
ONGC To Undertake 2-3 Pilot (Re) Development Projects
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Abundant Caution Dampens Shale wells Drilling Performance
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Petroleum Coke Heading For Regulatory Controls?
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Growth In Petroleum Products Consumption Belies Forecasts
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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
GAIL To Invest Rs 10 Billion In Dabhol LNG Terminal
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Simon India Bags EPC Contract For Mundra Port
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ATS Starts Storage Tank Terminal Operations In India
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Essar Projects India Commissions Well Platforms
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Market Watch
Shell Lubricants Aims To Become The Largest International Player In India
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Companies
Thermax Group
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Oil India Strikes More Oil In Assam
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Petroleum Ministry Hires Deloitte For Oil PSU Merger
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Time Technoplast Launches LPG Composite Cylinders
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ONGC Onshore Output Rises In FY17 After Falling For Three Years
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Oil India’s March Quarter Profit Dips 96%
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Press Release [FREE Access]
Latest Exclusives
June 23, 2017: Gross Refining Margins of Indian refineries improved in FY 2016-17 on the strength of low crude price. This is in tune with the trend in other countries. India imports around 82 per cent of its crude requirement. Click column Special Database for details.

June 22, 2017: India’s natural gas scene remained more or less unchanged in May 2017. No appreciable change either way in production, consumption and import of LNG. Click column Gas Scene for details. 

June 21, 2017: The use of bio fuels in the transportation fuel pool is spreading across the world. Unlike other regions, Asia is very diverse region where fuels and also bio-fuel policy are at different stages. This region is very active in implementing bio fuels program and utilising its abundant agricultural resources to produce bio fuels. Click column Alternate Fuels for details of feed stock used in the Asian countries.

June 20, 2017: Shale exploration in India is practically a non-starter though ONGC managed to drill a couple of wells last year. The Indian government does not make any claim on shale exploration, no specific target either. The Ministry of Petroleum and Natural Gas has summed up the status of shale gas /oil status which gives an idea about the abundant caution with which the government is approaching the issue. Click Gas Scene for details. 

June 19, 2017: Finance minister Arun Jaitley announced the government plan to merge all oil and gas PSUs into a giant corporation. The contours of the merger are still being worked out. The Ministry of Petroleum and Natural Gas has 12 PSUs under its administrative control. For a better appreciation of the merged entity we have collected the market capitaliszation of each of these PSUs. Click column Special Database for details.

June 12, 2017: Petronet LNG Ltd (PLL), the private company promoted by the four oil PSUs, has been in existence for about 17 years now. Suddenly, it has assumed the status of a blue chip company on the strength of the huge profits it has been making of late. The LNG it gets from RasGas of Qatar on the basis of the long-term contract is costlier than the spot market price by $1 to 1.5 /mmbtu. PLL does not market the LNG which is done by the public sector promoters such as GAIL, IOC and BPCL. Then, from where does PLL’s profit come? PLL’s only role is the regasification of the LNG at its Dahej terminal. Regasification has a charge? The size of the company’s profit depends basically on this charge. Has PLL inflated it? Click Free access column Petro Intelligence for a comprehensive report on PLL’s performance since inception.

Today's News [FREE Access]
India’s LNG-led gas market may grow over 6 times by 2030: Royal Dutch Shell
June 23, 2017: Global oil major Royal Dutch Shell says that India may see at least six times growth in Indian gas market by 2030 from the current levels. It adds that liquefied natural gas (LNG) may be the largest contributor to it. The prediction comes at a time when India is trying to increase the share of gas in the   more..


Rosneft To Enter Retailing of Petroleum Products in India
June 23, 2017: Russia’s oil major Rosneft is planning to tap India’s retail fuel market in a big way, oil minister Dharmendra Pradhan had said earlier this month. Russia’s largest oil producer Rosneft’s $13 billion buyout of the single-largest controlling stake in India’s Essar Oil is sure to   more..


Three Reasons Why ONGC Continues To Trade Far Below The Target Price
June 23, 2017: The worst first five months in the last six years and a potential buyout that may increase debt hasn’t deterred analysts from maintaining their ‘buy’ rating on India’s largest explorer Oil and Natural Gas Corporation Ltd. The divergence between ONGC’s current share price and target set by analysts is   more..


LNG gaining strength in State’s energy scenario
June 23, 2017: After a few years of dormancy, LNG (liquefied natural gas) is poised to play a more vibrant role in the emerging energy scenario in Kerala. The environment-friendly gas is to be used to fuel new buses to be acquired by the Kerala State Road Transport Corporation (KSRTC). Nine LNG/CNG (compressed natural gas) filling stations will be   more..


GST to make oil and gas business more expensive: Shell India CEO Nitin Prasad
June 23, 2017: India is at the heart of a major strategy to tap into the energy transition underway globally and Shell has rolled out aggressive plans for expanding operations in natural gas and alternative fuel segments apart from the traditional fuel retailing business, Shell India CEO Nitin Prasad said in an interview with   more..


Out of fuel? This Bengaluru startup will home-deliver it
June 23, 2017: In a latest offering that becomes part of a rising trend of door-to-door services catching up across the country, a Bengaluru-based startup has begun home delivery services of diesel at the day’s running price with a fixed delivery charge. The one-year-old firm, Mypetrolpump, conducted a soft launch a   more..


Global Crude oil price of Indian Basket was US$ 44.45 per bbl on 21st June, 2017
June 23, 2017: The international crude oil price of Indian Basket as computed/published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 44.45 per barrel (bbl) on 21st June, 2017. This was lower than the price of US$ 45.29 per bbl on previous publishing day of 20th June, 2017. In rupee   more..


Crisis in the Gulf: Implications for India
June 23, 2017: The Persian Gulf region was shaken by a massive political earthquake on June 5, 2017 when four Arab countries – Saudi Arabia, United Arab Emirates (UAE), Bahrain and Egypt – announced that they were severing all political, economic and diplomatic links with Qatar, a member of the Gulf Cooperation   more..

Petropulse / Guest Column
Energy - Issues Of Concern And Challenges
Dr. Reena Ramachandranby Dr. Reena Ramachandran* | Energy is a fundamental imperative to driving growth. But Energy today cannot be understood only within the paradigm of Production more...

IOG Exclusive
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...

ONGC Concludes Deal To Acquire GSPC’s Deen Dayal Asset In KG Basin
December 21, 2016: ONGC is understood to have finally decided to acquire the entire Deen Dayal asset of the Gujarat state-owned GSPC in KG waters. The process of Due Diligence which began 18 months ago has now been completed. The initial plan was to partner GSPC but acquiring equity stake, but considering the difficult nature more...

Special Reports
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...

Status Of Overseas Equity Oil & Gas Assets Of Indian PSUs
May 26, 2017: Energy security has been the aim of successive governments in India. As domestic oil and gas reserves were not sufficient to meet the requirement, the government took a deliberate policy decision to acquire oil and gas asserts overseas. The initiative started more than 25 years ago with the formation of ONGC more...

Mozambique gas projects facing major delays
May 11, 2017: LNG actually leaving the shores of Mozambique still seems a long way off; with the recent debt scandal in the country adding to the worries of the Indian companies invested in the African nation. Mozambique seems to be blowing now hot, now cold, at least as far as India is concerned. While the more...

Refinery Performance Improvement
April 21, 2017: The Centre for High technology (CHT) under the Ministry of Petroleum and Natural Gas carried out a Performance Benchmarking Study of 15 public sector Refineries through M/s Solomon Associates for three consecutive cycles 2010, 2012 and the study for 2014. The study reports involved comparison of various Key more...

Shell’s decision not to pursue Kakinada FLNG project serves as a wake-up call
April 5, 2017: In an interesting move, global major Shell, which has been present in India for long through its LNG terminal at Hazira, and is one of the few foreign companies that also has a license to retail petroleum fuels in the country through its large investment in the LNG facility, has indicated that it would not be 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
Sanjiv Singh Takes Over As IOC Chairman
Sanjiv SinghSanjiv Singh has taken over as chairman of Indian Oil Corporation (IndianOil) with effect from June 1, 2017. Prior to his elevation, he was director(Refineries) on the IndianOil Board since July 2014. 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 Must Rediscover Its Roots
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Sarraf Could Win An Extension At ONGC
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Cheap LNG: A Distant Dream
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Sarraf Awarded A New Bailiwick. Why Now?
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Foreign Investment
Itochu To Invest $39 Million In LPG Terminal
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Oilex Gives Cambay PSC Work-over Update
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Overseas Investment
ONGC Figures In Mexico Pre-qualified List Of 25 Companies
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Gas Scene
Domestic Natural Gas Scene: May 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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Coal Bed Methane (CBM) Gas Development in India
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CGD Factsheet as of March 2017
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Sector-wise gas consumption of domestic gas and RLNG - an update
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LNG Imports FY 2011 -12 to 2016-17
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Natural Gas Demand Projections 2017-18 To 2021-22
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PNG Status
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India’s Installed Power Generation Capacity
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Gross Refining Margins (GRM) of Indian refineries ($/bbl): FY 2016-17
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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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Cost Comparison of traditional fuels and alternatives
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ONGC’s Reserve Accretion Performance
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Uptrend In High Sulphur Crude Processing Continues
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Power deficit: Region-wise position for April, 2017 (% deficit)
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Variations In Crude & Products Import In April 2017
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PSU Average Distillates Yield (%wt.)
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Operator-wise Exploratory Work under PSC Regime
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Development of Hydrocarbon Discoveries under PSC Regime
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Crude price (Indian basket) and Domestic gas price: Month-wise
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Petroleum Industry Marketing Infrastructure As On April 1, 2017
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LPG Consumption Continues To Surge Despite PNG Penetration
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Export of Petroleum Products
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Significant variations in import of crude oil and petroleum products
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Update: Regasification infrastructure
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Expansion of Existing Refineries
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Exploratory Inputs by ONGC and OIL as on 1st January, 2017
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Exploratory Inputs since inception under PSC Regime
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Basin-wise PEL & PML with Pvt./ Joint Venture Companies as on 1st January, 2017
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Basin-wise operative PEL & PML under Nomination Regime as on 1st January, 2017
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Refinery Capacity & Refinery Crude Throughput in recent years
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Tenders [FREE Access]
Mercator Petroleum Ltd
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Oil India
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Bharat Petroresources Ltd
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