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Salman Khurshid’s Visit To Iran Unlikely To Yield Much
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OVL’s Differing Strategy For Bangladesh And Myanmar
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PLL’s Recent Agreement Furthers A Trend
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Much Conjecture On OVL’s Future Status
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Energy Insurance Pool Plan Facing Problems
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PSC Should Factor In Incentives For North East Oil Exploration
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BHP Billiton Refuses To Accept MoD Conditions For PSC Blocks
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Cairn Opposes Declaration Of Commerciality, FDP
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ONGC Plans Early Monetisation Of Discoveries in Cauvery Blocks
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DGH, GAIL Differ On Oil Discovery In Rajasthan Block
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BPRL Seeks Waiver Of Acquisition Of 2D seismic Data
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MoPNG To Decide On Price Of Ethanol
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Linde To Build Major Plant Complex For RIL
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Kochi R-LNG Terminal To Be Commissioned This Year
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IOC's Shale Oil Project Makes Some Progress
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CCI Clears Several Projects In Oil, Gas Block Sector
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India A Net Exporter Of Petroleum Products Since 2001-02
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Market Report : Bitumen
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Market Report - Gas Turbines
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Market report : LPG Cylinders
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Market Report - Lubricants
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Market Briefing Report : Methyl Tertiary Butyl Ether (MTBE)
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Market Briefing Report : ATF (Jet Fuel)
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WesternGeco
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ONGC Gets Exploration Lead In Deep-water KG Block
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PLL Seeks Stake In GSPC’s LNG terminal
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OVL Raises $800 M To Fund Asset Buys In Azerbaijan
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Jubilant Announces Spudding Of Third Well
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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.
May 16, 2013: India Upset With Iran Government’s Comments On Iran-Pakistan-India Gas Pipeline Project, click IOG Exclusive for details.
May 15, 2013: Adani Enterprises, Welspun Question DGH Decision Encashing Bank Gurantee For Assam Block AA-ONN-2004/4 Following Blacklisting Of Their Partner NaftoGaz India And The Termination Of Production Sharing Contract, click IOG Exclusive 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.
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BP holds maiden board meeting in India
May 18, 2013: BP Plc, Europe’s second-biggest oil firm, today said it its board met for the first time in India this week to gain an understanding of opportunities in the world’s third largest energy consuming nation. Members of BP board including Chairman Carl-Henric Svanberg and CEO Bob Dudley arrived on May 14 more..
Land, a key issue in tapping shale gas potential: ONGC chief
May 18, 2013: ‘Suitable environment should be created for nurturing this nascent and yet highly potential fuel source’. Land is one of the major challenges that would have to be handled strategically before India could tap its resources of shale gas, Chairman and Managing Director of Oil and Natural Gas more..
ONGC for large acquisitions & tie-ups to double output by 2030
 May 18, 2013: State-owned energy major Oil and Natural Gas Corporation (ONGC) today said it is open to large-ticket acquisitions and technical tie-ups to double production by more..
ONGC to examine HPL stake offer from West Bengal Govt
May 18, 2013: Oil and Natural Gas Corporation (ONGC) today said it would examine the commercial viability of Haldia Petrochemicals before deciding on participating in bidding for the shares on offer by the West Bengal government. "We will examine. If it is commercially viable then we will bid," ONGC chairman Sudhir more..
Fire in HPCL Visakh Refinery, no casualties reported
May 18, 2013: Fire broke out on Thursday night in the HPCL refinery here in one of the crude distillation units. But it was brought under control and extinguished by Friday early morning. There were no casualties or injuries, according to a HPCL press release. The release says that “there was a fire in one of the crude more..
Power from LNG terminal to cost Rs 8 per unit, generation cost to come down
May 18, 2013: The setting up of first LNG terminal on the East Coast at Kakinada Seaports Ltd will help bring down power generation cost by about Rs 4 per unit and LNG by $4 mmBtu (million British thermal unit). Currently, LNG supplied to power stations through a gas swap arrangement and having to bear State taxes works out to about $12 per mmBtu, more..
International crude oil price of Indian Basket increases sharply to 101.46/US$ bbl on 16th May, 2013
May 18, 2013: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC)vunder the Ministry of Petroleum and Natural Gas surged to US$ 101.46/barrel (bbl) on 16th May, 2013. This was higher than the price of US$ 100.06/bbl prevailing on the previous trading day of 15th May, more..
Kochi Refinery wage settlement signed
May 18, 2013: Bharat Petroleum Corporation Ltd has signed a long-term wage settlement with three recognised trade unions of Kochi Refinery. The trade unions included Cochin Refineries Workers Association (CRWA), Refinery Employees Union (REU) and Cochin Refineries Employees Association (CREA). The final week-long discussions were attended by K. more..
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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...
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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 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.
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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...
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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...
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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...
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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...
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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.
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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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Oilex Quarterly Report To Shareholders
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China And India To Slog It Out Over Kazakhstan’s Kashagan Field
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Essar’s Stanlow Refinery To Get Larger Market Share
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Jindal Petroleum Discovers Oil In Georgia; To Spend $100 Million
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Comprehensive Data on CNG/PNG Business
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Netback price of Indian imports of LNG, Average Of Pricing Prevailing At Trading Points Of Transactions
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Existing Gas Pipeline Capacity in the country, Capacity utilization of GAIL pipelines, Details of upcoming pipelines
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LNG price goes up with distance to the landing point?
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India & US Renews MoU In Gas Hydrates
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LNG Based On Henry Hub From US Is Rated Cheaper For Indian Importers.
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Who is cheating whom?
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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)
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Gas Availability For GAIL For Marketing & Transmission In 2013-14
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Production status of D1, D3 Gas Fields and MA Oil Field in KG-D6 Block (As on 31st December, 2012)
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Pricing Of Gorgon LNG, Qatar Gas LNG Contracted by Petronet LNG Ltd
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RLNG Sources for India, Importers, Quantity Imported
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Domestic Sources Of Natural Gas Supply, Selling Price, Quantity
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List of Stranded Projects Awaiting Allocation of Gas
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Expected Re-gasification Capacity In The Next Five Years
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DGH Notices To contractors Of Four Blocks For Non-submission of Bank Guarantees for F.Y 2013-14
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Difference between RIL and CAG On Audit of KG D6
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Cost of production of LPG from Natural Gas, Crude Oil
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How many rigs will ONGC substitute in FY 2013-14, how many additional rigs to be hired, rig month required for development work load?
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The estimated amount of subsidy to be saved by dual pricing of diesel
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities, Updated as on 1st May 2013
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Quantity of imported & domestic crude processed in last 5 years, capacity utilization of refineries, Products Produced.
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Quantity and Value of Products Imported by the Oil Companies during last Five Years
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The trend of consumption of petroleum products during the last five years
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India’s Increasing Dependence On Imported Crude Oil.
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Details Of 26 Discoveries Made By ONGC In 15 NELP Blocks
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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)
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Package-wise Physical Progress of IOC’s Paradeep Refinery Project as of December 2012
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Status of BRPL’s Exploration and Field Development in Overseas Blocks (Till 31st December, 2012)
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The FDP capex changes in Vietnman Block 6.1
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ONGC Videsh Ltd.: Details of the Revised Estimate (RE) for the current FY 2012-13 and Budget Estimate (BE) for 2013-14
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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
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Retail Selling Price of Sensitive Petroleum Products In India And Neighbouring Countries
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Indian Oil Corporation Limited
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Indian Oil Corporation Limited
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