Policy
Crude Oil Prices Begin To Bite
more...


Farzad-B Field Saga Resembles A Ping-Pong Game
more...


As Govt. Dithers, Supreme Court Bans Use Of Pet Coke, FO
more...


Indiaís Integrated Oil Industry Structure Goes
more...


Unstated Policy Emerges On Private Sector Defaulters In Petroleum Sector
more...

Regulation
ONGC To Seek Alliances To Develop New Resource Type
more...


ONGCís Sets New Record In Well Completion & Testing
more...


Land Acquisition For Gas Pipelines Provokes Public Fury
more...


Largest Petro Products Exporter Is A Major Importer As Well
more...

Alternative Energy / Fuel
Cabinet Revises Price Of Ethanol For Blending With Petrol
more...


OMCs To Procure 3130 Million Litres Of Ethanol
more...

New Projects
RIL Awards Contract To McDermott
more...


AG&P Develops India LNG Terminal At Karaikal
more...


Kenya Signs Agreement For Crude Oil Pipeline Study
more...


IOC To Augment Pipeline Capacity
more...

Market Watch
Market Survey On Retail Demand For Petrol And Diesel
more...

Companies
FUGRO N.V.
more...


Fugro Starts Seismic Offshore India
more...


ONGC Finds Oil, Gas In Offshore KG Basin
more...

Press Release [FREE Access]
Latest Exclusives

November 24, 2017: LNG Imports and Domestic Gross Natural Gas Production In October 2017, click Gas Scene for details. 


November 23, 2017: Indian refineries continued to make impressive Gross Refining Margin (GRM) during the quarter ended September 30, 2017. India's Financial Year begins on April 1. We have uploaded the GRMs of the refineries during April-September 2017. Refineries in the North East enjoy exemption from excise duty. Their GRMs with and without excise duty are given separately. Click column Special Database for details.

November 22, 2017: Natural gas refueling stations are growing adding another 21 stations to the previous count. More than 150,000 NGVs were added in the last few months; and over 400,000 domestic customers were added. Click Gas Scene for CNG Stations, Vehicles and CNG Sales update. 

November 21, 2017: The state-owned, Indian Oil Corporation (IOC), is india's largest Oil Maketing Company (OMC). It leads in refining market share, refining throughput, capacity utilization and distillate yields. It keeps changing the crude mix for higher profitability. Click column Special Database for details.

November 20, 2017: In the government's scheme of things for the petroleum sector, Hindustan Petroleum Corporation Ltd (HPCL), the state-owned, Oil Marketing Company (OMC), is to merge with the upstream major ONGC. The process of ONGC acquiring the government stake in HPCL is to begin shortly. How did HPCL perform over the years? Click column Special Database for details.

November 10, 2017: Indian Oil Corporation (IOC) is a giant. Being a New Delhi-based company with its headquarters close to Shastri Bhavan which houses the Ministry of Petroleum and Natural Gas, it has been wielding enormous political clout as well. In comparison, Gas Authority of India Ltd (GAIL), the only PSU in the mid-stream sector, has been finding its growth stymied every time it seeks to expand its activity. It was the first to seek permission for a LNG regasification terminal on the west coast, but the project was snatched away by the powerful Enron. LNG imports should have been its legitimate activity, but the Ministry of Petroleum and Natural Gas opted to create Petronet LNG Ltd in which GAIL is only one of the four public sector promoters. Now, IOC’s aggressive LNG strategy is undermining GAIL’s supremacy in the gas sector. B.C. Tripathi, GAIL’s CMD who provided a dynamic leadership to the company during his first term, seems to be facing an existential crisis. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
Oil, gas PSU mergers exempt from CCI approval
November 24, 2017: Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking Competition Commission approval, says a notification. The Corporate Affairs Ministry’s decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the   more..


India imports filthiest fuel, offers tax advantage
November 24, 2017: India, which is grappling with "severe" air quality index, imports the filthiest fuel, pet coke, and offers a tax advantage on it, according to a report from Environment Pollution (Prevention & Control) Authority for the National Capital Region. The new tax regime incentivizes the use of pet   more..


Bharat Petroleum launches two new LNG tenders for supply: Sources
November 24, 2017: India's Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in January and a separate tender for three cargoes for May, August and October, trade sources said. Bharat seeks a spot cargo for Jan. 19-21 delivery into the Dahej import terminal, with bids due on   more..


HOEC starts commercial gas sale from Dirok field
November 24, 2017: Hindustan Oil Exploration Company Ltd (HOEC) today said it has commenced the first commercial gas sale from Dirok gas field in Assam. HOEC, on behalf of its joint venture with Oil India and Indian Oil Corporation, is developing facilities at Dirok field that can handle 36 million standard cubic feet of gas   more..


Automation to plug leaks at fuel outlets
November 24, 2017: Oil marketing companies (OMCs) will automate systems and ensure real-time monitoring of their 55,000-odd outlets in the country by December 2018, to check scams. Real-time monitoring means if a litre of petrol or diesel is sold, the company concerned will know of that immediately. According to officials, Rs   more..


Upstream companies expect shorter time to produce oil and gas due to digital technology investments, says research
November 24, 2017: Faster and better decision-making and shorter time to first oil and gas top the list of expected benefits that digital technologies can drive for upstream oil and gas companies, a new survey from Accenture and Microsoft Corp. reports. Respondents to the “Accenture and Microsoft 2017 Upstream Oil and   more..


US oil prices near 2-year high on pipeline shutdown, falling inventories
November 24, 2017: US oil prices remained near two-year highs on Thursday as the shutdown of the Keystone pipeline and a drawdown in fuel inventories pointed to a tightening market, despite rising output. US West Texas Intermediate (WTI) crude futures were at $57.95 a barrel at 0143 GMT, down 7 cents from their last   more..


Global Crude oil price of Indian Basket was US$ 61.54 per bbl on 22nd November, 2017
November 24, 2017: 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$ 61.54 per barrel (bbl) on 22nd November, 2017. This was higher than the price of US$ 60.95 per bbl on previous publishing day   more..

Petropulse / Guest Column
Meeting the Climate Change Challenge
Maj. Gen S.C.N. Jatar (Retd)by Maj. Gen. S. C. N. Jatar, (Retd)* |  190 countries have ratified the Paris Agreement on Climate Change as on 7 August 2017. The Agreement expects both rich more...

IOG Exclusive
CERA Week sees plenty of action
October 13, 2017: There was plenty of action at the CERA Week held in New Delhi over the past few days. It was firstly in itself notable that this forum was held in India, being normally held in Houston. In fact, the Indian Petroleum and Natural Gas Minister Dharmendra Pradhan emphasized as much and also felt that going more...

Hydrocarbon Re-assessment Exercise Progressing As Scheduled
October 3, 2017: The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country. According to official sources, as on March 31, 2017, the more...

LNG sector continues to see considerable action
September 27, 2017: The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs more...

Chinese firm acquiring part of Rosneft has implications for India
September 12, 2017: In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the more...

Retail prices of petrol and diesel seem to reflect the old consumer concern
August 29, 2017: The ushering in of daily price revisions in the retail of petrol and diesel has brought in new dynamics into the sector. Particularly worth noting is how the retail prices have seen an increase over the last few weeks. For example, a quick glance at the price levels indicate that the price of more...

LNG helps tiny Qatar to punch above its size and weight
July 7, 2017: The recent turmoil in the Middle east with respect to energy rich Qatar has thrown up some major ramifications for India, now that Qatar has stated that it wishes to increase its LNG output by a third to as much as approximately 100 million tons per annum (mtpa) (Qatar is already the world’s largest more...

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...

Special Reports
Assessment report: Primary survey on household cooking fuel usage and willingness to convert to LPG
November 14, 2017:The government of India declared 2016 as “The Year of LPG Consumers “with focus on supplying LPG to majority of households in three years from 2017. To capture detailed data on the subject, Ministry of Petroleum and Natural Gas assigned CRISIL, an S&P Global company, a primary Survey across more...

Indian Water-Energy Nexus scenario
The Baroda-based, Centre for Fuel Studies & Research (CFSR), is a body of energy experts. It has been bringing out well-researched studies on energy issues. The latest one is a comprehensive study on India Water-Energy Nexus Scene. Click HERE for the study in full. more...

Government going all out to try to increase domestic Crude production
November 7, 2017: The Government seems to be going all out to try and increase India’s oil and gas production- not a bad thing since output has been stagnant or declining over the past several years, with hardly any major new discovery being made since the oil find in Barmer, Rajasthan by a then relatively small foreign more...

OALP sees initial positivity but more analysis needed
October 30, 2017: The Government’s new Open Acreage Policy seems to have got off to a decent start. However, one would need to examine the bids and results closely; and wait and see whether it achieves its objectives. The Government had finally succeeded in getting the Open Acreage Licensing Policy more...

ONGC, OIL Claim Progress In National Seismic Program
September 19, 2017: The ministry of petroleum and natural gas is keen that exploratory efforts are broadened by enhancing seismic survey coverage of the country’s sedimentary basins. Being the country’s biggest upstream company, ONGC is major stakeholder in National Seismic Program (NSP). Its target more...

Just who is buying up Essar Oil and what does it mean?
August 16, 2017: In October of last year, the billionaire Ruia brothers inked in a deal to sell a 98% stake in Essar Oil in an effort to draw down the debt pile of Essar Group. The consortium of buyers for India’s fifth largest oil and gas company, consists of Russia’s largest oil producer, Rosneft, which will more...

Draft National Energy Policy
July 5, 2017: Niti Aayog is the government's think tank on economic policies. It has come in place of the Planning Commission which played a crucial role in India's economic planning since the 1950s. Niti Aayog has come out with a Draft National Energy Policy which will be debated for a while before a policy is finalised. The previous 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
Engineers India Announces New Chairman And MD
Ajay DeshpandeThe Ministry of Petroleum and Natural Gas has appointed Ajay Deshpande, Director (Technical), Engineers India  Ltd as Chairman and MD of the Company with effect from 1 November 2017. more...

Subhash Kumar To Be ONGCís New Director (Finance)
Subash KumarThe Public Enterprise Selection Board (PESB) recommended Subhash Kumar, former Director (Finance) at Petronet LNG Ltd, for the post of Director (Finance) at Oil and Natural Gas Corporation more...

BV Rama Gopal Recommended For IOCís Director (Refineries)
BV Rama GopalThe Public Enterprises Selection Board (PESB) has recommended B V Rama Gopal for the post of Director (Refineries) at Indian Oil Corporation. Gopal is presently working as ED (In-charge) of more...

R K Mohapatra Recommended For IOCís Director (HR)
R.K MohapatraThe Public Enterprises Selection Board (PESB) has recommended R K Mohapatra, Executive Directors (EDs) for the post of Director HR at Indian Oil Corporation. R. K. Mohapatra currently serves as Executive 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]
IOC Set To Undermine GAILís Role n Gas Business
more...

Fracas Over Farzad: Need To Sideline The Hotheads
more...

Why Demand Projections Are All Gas
more...

Refinery Plan Masks Ego Battles
more...

Foreign Investment
Kuwait Company Proposes A Refinery In India
more...


Oilex Seeks Extension Of PSCs
more...

Overseas Investment
Indian PSUs Looking For Gas Assets Overseas
more...

Gas Scene
LNG Imports and Domestic Gross Natural Gas Production In October 2017
more...


Update: CNG Stations & Vehicles and CNG Sales
more...


Update: CGD Factsheet as of September 2017
more...


Natural Gas Share in Prime Energy Mix
more...


Domestic Gas Price (November 2014 -March 2015 to October 2017 - March 2018)
more...


Source-Wise LNG Imports In September 2017
more...


Sector-wise gas consumption of domestic gas and RLNG (July 2017)
more...


BPCL upstream blocks and assets in India and overseas
more...


Domestic Natural Gas Scene : September 2017
more...


ONGC Asset-wise gas flaring in FY 2016-17
more...


Source-wise LNG Imports for August 2017
more...


Coal Bed Methane (CBM) gas development in India
more...


Gas Pipeline Under Execution / Construction as on 31st March, 2017
more...


LNG Imports In July 2017
more...


Domestic natural gas price and gas price ceiling
more...


SAGE-EIL Presentation: Middle East to India Deepwater Pipeline
more...


ONGC Gas Flaring for FY 2016-17
more...


Petronet LNG Ltd looks set to expand its wings
more...


Source-Wise Imports of LNG In June 2017
more...


Sector-wise utilisiation of domestic gas and RLNG
more...


The GST Double Whammy For Gas Sector
more...


ONGC, OIL step up drilling shale wells in the fourth quarter FY 2016-17
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Gross Refining Margins (GRM) of refineries (April - September 2017)
more...


IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
more...


HPCLís Performance Over The Years
more...


Long Term Growth Strategy & Strategies to Achieve 2030 Aspirations
more...


Uptrend in ONGCís Offshore Crude & Gas production
more...


Monthly average price of Indian crude basket from August 2016 to August 2017
more...


Power Situation In September 2017
more...


Region wise percentage share of crude oil imports: April-September 2017
more...


Status Of Oil Indiaís 4 Major Overseas Assets
more...


Story Of ONGC Reversing Production Trend In Onshore
more...


HPCLís Consolidated profit and market capitalisation
more...


Paradip RefineryĖ Salient Features
more...


OIL: Finding, Development & Production Cost
more...


IOCís R& D Activitie
more...


IOCís E&P assets
more...


OILís Overseas Assets
more...


Key Features of HPCL Refineries
more...


ONGC: Seismic Survey Acquisition Performance - Q1 FY 2017-18
more...


ONGC: 19 Production Projects Under Implementation
more...


Tax Element in Retail Selling Price of Petrol & Diesel: Developed Countries vis-a-vis India
more...


ONGC Rigs position as on April 1, 2017
more...


Petrochemical Import by India -2015-16
more...


ONGC: Drilling Cost
more...

Tenders [FREE Access]
ONGC
more...


GAIL
more...

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