Policy
What Next After ‘Tit For Tat’ Over Farzad B Field?
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Indian PSU Refiners Plan Aggressive Foray Into Petrochemicals
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Oil Major Total Prefers A Cautious Approach Towards India
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Crude Oil Storage: Does India Need More?
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Time For Indian Firms To Step On The Gas In Bangladesh?
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Regulation
Hardy Moves Arbitration Tribunal Against PY-3 JV Partners
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ONGC’s Capex Utilization In Seismic, Drilling Short Of Target
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Dirok Field In Assam To Boost HOEC’s Finances
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Predictions About Petro Products Consumption Wide Of The Mark
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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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New Projects
SAGE Proposes Undersea Iran-India Gas Pipeline
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ONGC To Set Up Gas Dehydration Units In Andhra Pradesh
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CPCL To Invest Rs 14.95 Bn On Expansion Project
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New Crude Oil Pipeline From Chennai Port Trust-Manali Refinery
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IOC To Complete Paradip-Durgapur LPG Pipeline By Mar 2018
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Market Watch
GP Petroleum Aims At 5 % Share Of Automotive Lubricants Market
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Companies
Nynas AB
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Oil India Becomes A 5 MMT Company
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Swan Energy Ties-Up With Hyundai Heavy Industries
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Aegis Logistics Reports Healthy Rise In Profits
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Press Release [FREE Access]
Latest Exclusives

September 21, 2017: Natural gas scene in the domestic market in August 2017 registered an improvement compared to the previous months. There was a marginal increase in domestic production compared to the level in August 2016, but below the targets set by the companies. LNG import was marginally down. However, total domestic consumption in August registered a marginal increase. Click column Gas Scene for details.


September 20, 2017: Oil and Natural Gas Corporation (ONGC) has under implementation projects worth Rs 801.36 billion with different completion schedules. When commissioned , these projects are expected to result in a field life production of 213.45 MMTOE. Click column Special Database for details.

September 19, 2017: National Seismic Program is an ambitious project. The state-owned ONGC and Oil India are assigned to do this herculean task . Industry circles claim significant progress in doing the seismic survey. Click column Special Reports for details.


September 18, 2017: The Retail Selling Prices of transportation fuels, petrol and diesel, have touched a new high in recent days. The government has come in for criticism for the high tax element in the retail selling price. Countries such as France, U.K, Germany and Italy have a higher tax component in RSP of petrol and diesel. Click column Special Database for details.

September 15, 2017: India’s state-owned Oil and Natural Gas Corporation (ONGC) has not slowed down its drilling activities after the crash in crude price. It owns and operates a fleet of 105 rigs, both offshore and onshore. Of the total of 105, ONGC owns as many as 70 rigs and the rest charter-hired. Click column Special Database for rigs position as on April 1, 2017.


September 11, 2017 | Ennore Terminal: Ego Battle Looms: Indian Oil Corporation (IOC), the largest refining and marketing company of India, is acknowledged to display a superiority complex in its dealings with others in the petroleum sector. This arises mostly from its size, making co-existence with other oil companies difficult in any Joint Venture. Other PSU players in the petroleum sector too have their strong likes and dislikes. The domestic gas industry seems to be in love with Prabhat Singh, the CEO and MD of Petronet LNG Ltd. They never accepted his predecessors as experts capable of managing a gas company, but kept quiet because PLL is presided over by the petroleum secretary in his capacity as its ex-officio chairman. Singh gets support from quite a few gas veterans in his attempts to make his company the operator of IOC’s LNG regasification terminal at Ennore. They cite wrong reasons for their support. We probed to find that the support arises from the fact that Singh is the first Gas Man to be the chief executive of PLL. He is also known to be pleasant in his dealings with colleagues. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
ONGC strikes 'good' offshore oil, gas find: Sources
September 21, 2017: The latest discovery of India's largest oil explorer Oil and Natural Gas Corp to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said. The Mumbai High field annually produces oil and natural gas of about   more..


Exclusive: Reliance plans major expansion at world’s largest oil refinery complex
September 21, 2017: The Reliance Industries, operator of the world’s largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter. Reliance may expand the capacity at its dual refinery complex in Jamnagar in Gujarat by 30   more..


Cairn Energy reveals when final arbitration hearing over India tax dispute will be heard
September 21, 2017: Cairn Energy reports the final arbitration hearing in its tax dispute with the Government of India have now been scheduled for August 2018. The company had stated in a June update it expected the final Tribunal hearing would be heard in January 2018. The Edinburgh-based oil and gas explorer notes   more..


States against govt plan to levy GST on petro products
September 21, 2017: States have refused the central government’s appeal to bring petroleum products under the ambit of Goods and Services Tax (GST) even as prices of petrol and diesel continue to skyrocket in contrast to global standards. Taxes constitute more than 50% of the price consumers pay for petrol and diesel.   more..


Ministry wants ONGC chief for just a year, with quarterly review
September 21, 2017: In a departure from past norms and guidelines, Petroleum Minister Dharmendra Pradhan has proposed that Shashi Shanker, selected to head India’s biggest oil and gas producer Oil & Natural Gas Corp, be initially appointed for one year — instead of five years — during which his   more..


IOC, BPCL & HPCL shares tumble after Moody’s warns of rising debt burden
September 21, 2017: Shares of the state-run oil marketing companies IOC, BPCL and HPCL dived up to 2.8% after Moody’s Investors Service said that the state-owned fuel retailers have to increase borrowings. IOC, BPCL, and HPCL will have to go in for increased borrowings to sustain high dividend payments and capital   more..


Soon, get petrol-diesel delivered at your home; IOC finalises container design
September 21, 2017: Taking another step towards realising the ambitious target of delivering diesel and petrol at the doorstep, Indian Oil Corporation (IOC), in consultation with the Petroleum and Explosives Safety Organisation (PESO), has finalised the design of the container to be used for this. “We have advanced   more..


Global Crude oil price of Indian Basket was US$ 54.76 per bbl on 19th September, 2017
September 21, 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$ 54.76 per barrel (bbl) on 19th September, 2017. This was higher than the price of US$ 54.69 per bbl on previous publishing   more..

Petropulse / Guest Column
Meeting the Climate Change Challenge
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 and poor countries to take action to curb the rise in global temperatures that is melting glaciers, raising sea levels, causing floods and more...

IOG Exclusive
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...

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...

Special Reports
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...

Shrinking Share of Domestic Oil In Crude Oil Processed
July 4, 2017: The share of domestic crude in meeting the country’s demand for petroleum products has been declining consistently since the 1980s in the absence of a major commercial discovery. This was getting reflected in the crude oil processed by the refineries. During April-May 2017, the first two months of the more...

Launch of the National Data Repository (NDR) positive, but quality of data will be crucial
June 28, 2017: The Government finally seems to have made some progress with the much-awaited National Data Repository (NDR) that is a step towards launching the equally much-awaited Open Acreage policy for hydrocarbon blocks. The NDR will serve as a store for data on India’s sedimentary basins for future use in oil and more...

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...

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
Dharmendra Pradhan Elevated To Cabinet Rank
Dharmendra PradhanDharmendra Pradhan, Minister of state (independent charge) for Petroleum and Natural Gas, was promoted to cabinet rank in the recent reshuffle of the council of ministers. This is considered more...

R.K Singh Takes Over As New Power & New Renewable Energy Minister
R.K. SinghRaj Kumar Singh has taken over as new Union Minister of State (IC) in Ministries of Power & New & Renewable Energy. Singh, 64 is a former Union Home Secretary and Lok Sabha MP more...

Vedanta Appoints Kuldip Kaura As Interim CEO
Kuldip KauraVedanta Limited, the Indian subsidiary of London-listed metals and mining giant Vedanta Plc has appointed Kuldip Kaura as Interim Chief Executive Officer (CEO) of the company effective 1 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]
Ennore Terminal: Ego Battle Looms
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PLL To Be IOC’s LNG Operator?
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Will Rosneft-Trafigura Succeed Where RIL Failed?
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Asian Premium: Will It Crack As Supply Basket Widens?
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Foreign Investment
UK-Based Firms To Invest In Waste-To-Energy Projects
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Overseas Investment
PLL To Form JV With Japanese Co To Set Up LNG Terminal In Sri Lanka
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Essar Oil UK To Upgrade Stanlow Refinery
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Gas Scene
Domestic Natural Gas Scene : August 2017
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Gas Pipeline Under Execution / Construction as on 31st March, 2017
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LNG Imports In July 2017
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Domestic natural gas price and gas price ceiling
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SAGE-EIL Presentation: Middle East to India Deepwater Pipeline
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ONGC Gas Flaring for FY 2016-17
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Petronet LNG Ltd looks set to expand its wings
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Update: CGD Factsheet as of June 2017
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Source-Wise Imports of LNG In June 2017
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Sector-wise utilisiation of domestic gas and RLNG
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The GST Double Whammy For Gas Sector
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ONGC, OIL step up drilling shale wells in the fourth quarter FY 2016-17
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Update: Gas Production / Consumption / Imports
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Gas pipeline network update as on 31st March, 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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
ONGC: 19 Production Projects Under Implementation
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Tax Element in Retail Selling Price of Petrol & Diesel: Developed Countries vis-a-vis India
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ONGC Rigs position as on April 1, 2017
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Petrochemical Import by India -2015-16
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ONGC: Drilling Cost
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ONGC’s Finding Cost
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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LPG Coverage As On 1st July, 2017
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Power Situation In July 2017
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Petcoke Global Data: Imports & Exports
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Global Pet Coke statistics for key countries
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Break-up of consumption of products from PSU and Private refineries
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Applications of petroleum coke / using industries
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A 40 % Increase In Petroleum Coke Import “Alarming”, “Disturbing”
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India’s Story of Petroleum Products Surplus
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Petroleum products demand & Gross Domestic Product (GDP)
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Distillate yield of PSU refineries
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No Significant Variations In Import Of Crude & Products in June 2017
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Weightage of petroleum products in Wholesale Price Index (WPI)
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Update: Crude Price - Indian Basket
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Contribution of petroleum sector to exchequer
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Revised Hydrocarbon Reserves in India
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Status of blocks under NELP as on March 31, 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Ethanol Demand Projection For Asian Countries
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Petroleum Coke Continues Relentless Surge In Indian Market
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Tenders [FREE Access]
GAIL
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Reliance Industries Ltd.
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