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Policy Windfall Tax more... Srinivasan Tells Cabinet Secretary : BPCL, HPCL Deserve To Retain Navratna Status more... Cabinet Secretary’s Report Cited In Support : Government Prefers To Take Profit Gas From D6 In Cash First Year more... Environment Ministry Accused Of Double Standards : Reliance Gets Clearance Faster, ONGC Exasperated By Delays more... GAIL Under Pressure : Fertilizer Projects, Petronet LNG Make Things Difficult more... Erosion In Tariff Protection : IndianOil Wants BRPL To Be Compensated more... Regulation Slippage In RIL’s Target : DGH Says First Gas From D1, D3 Latest by August 15 more... Sidetracking Of PD-4 Well In PY-3 : TransOcean’s Semisubmersible Actinia Expected in September more... To Bring About Transparency : ‘Code of Conduct’ for Management Committees of PSCs more... Regulator Rebuffed : BGL is Authorised CGD Company, Asserts Ministry more... Alternate Fuels Algae Promising Feedstock For Bio-diesel, Ethanol more... New Projects RPL Refinery Ahead Of Schedule more... 20 TCF Reserves Claimed : GSPC’s Deendayal Block to Begin Gas production in 2010 more... Market Watch Delayed Royalty Payment : Government Issues Notice For Payment of Penalty To Ravva, PMT Consortium more... ONGC Wins Battle Against Clough more... Companies Rajasthan Refinery : ONGC Justifies Demand for Higher Incentives, Soft Loan more... PGS Offers Expertise, Technology to Image India’s Sedimentary Basins more... Global Vectra Helicorp Ltd more...	Latest News RIL says it’s only contractor for extracting gas from KG basin July 26. 2008 : Mukesh Ambani-owned Reliance Industries (RIL) is a contractor for extracting gas from the Krishna-Godavari Basin and the government is the owner of the resource,   more.. Reliance, Tata among 22 firms in race for coal to liquid project July 26. 2008 : Reliance Industries, Tata Group and Anil Ambani’s Reliance Power are among the nearly two dozen firms that have bid for setting up projects to convert coal into oil. ”In all, 22 applicants have applied for allocation of coal blocks for coal-to-liquid (CTL) project. Some of them have submitted   more.. Gulf Oil revenue grows 38% July 26. 2008 : Gulf Oil Corporation recorded sales income of Rs 2.47 billion with net profit of Rs 55.7 million for the first quarter ending June 30, 2008 reflecting a growth of 38 per cent in revenues and 5 per cent in net profit over the corresponding quarter last year. Last fiscal, the company registered revenues of Rs 8.33   more.. IOC buys Sept Marib from trader Arcadia July 26. 2008 : State-run Indian Oil Corp (IOC) bought 1 million barrels of Yemeni Marib Light crude for September loading from European trader Arcadia at a discount of 5 cents a barrel to dated Brent, traders said on Friday. Some traders had said on Thursday India’s largest refiner had bought the cargo from European   more.. Jethmalani to take on RIL When Ram Jethmalani stands up to argue his case in the Bombay High Court next week, he should find the setting familiar. Call it coincidence or design, the celebrated lawyer has   more.. Oil drops to around $ 123 July 26. 2008 : Oil prices fell sharply on Friday, dropping at times below $ 123 for the first time in weeks as investors questioned whether prices have cooled off enough to reflect deteriorating demand. Light, sweet crude for September delivery fell USD 2.33 to USD 123.16 a barrel in on the New York Mercantile Exchange.   more.. Dabhol plant starts power generation July 26. 2008 : The gas-based power plant at Dabhol, which had run into technical problems, has started providing 600 MW of power to the state grid, State Energy Minister Dilip Walse Patil stated.    more.. PetroPulse Column Chidambaram’s folly Palaniappan Chidambaram is believed to be a man with a formidable intellect – and he doesn’t suffer fools. So, when he comes up with a more... IOG Exclusive Montek Singh Ahluwalia, Next Finance Minister? Will the Planning Commission Deputy Chairman, Montek Singh Ahluwalia, be India’s next finance minister? In the event of the UPA more... Petroleum Ministry To Issue Policy Directive To Regulator The running controversy over the authorisation of city gas distribution companies such as Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) and Avantika Gas Ltd (AGL) has forced the more... Special Reports NELP-VII: Taking Stock by Sidharth Balakrishna. Yet another round of NELP, the seventh now, has been conducted and there have been no major surprises once again. Very much on expected lines, the country’s flagship explorer, ONGC, is likely to walk away with more acreages by virtue of promising the Government more... Interviews Interview with Ashok Sinha. Ashok Sinha, 56, the unassuming, soft spoken chairman and managing director of the Mumbai-based Bharat Petroleum Corporation Ltd (BPCL), is a respected figure in the country’s oil sector. BPCL is rated more... Views Crude Talk: World must think of methods to counter OPEC’s power Chakib Khelil, president of the Organisation of Petroleum Exporting Countries (OPEC), says oil will probably hit a high of $170 a barrel. His speculative statement comes at a time when oil inflation is pinching people around the world. He gave no indication on OPEC’s plans to step up oil output; on the contrary, his more... Personalities Sudhir Vasudeva Recommended by the Public Enterprises Selection Board (PESB) for the post of Director (offshore) of ONGC after the present incumbent N.K. Mitra retires by end of 2008. A more... Raghav Sharan Pandey Raghav Sharan Pandey has been appointed as the new Petroleum Secretary. Pandey would assume charge after the outgoing secretary M.S.Srinivasan retires on July 31, 2008. 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 A New Order Emerges for Petroleum Sector more... Foreign Investment Brownstone Ventures invests in India more... Foreign Company to invest in HDIL oil and gas exploration subsidiary more... Overseas Investment PLL, GAIL, BPCL Keen : Australia Turns Attractive Destination For Investment more... ONGC Keen to take over Imperial Energy Corporation more... Gas Scene Existing Gas Price more... Gas Price Formula more... Gas Price in lndia (PSC between government , RIL and NIKO with respect to KG-DWN-98-3) more... Data Section Monthly Upstream Data Monthly Downstream Data Historical database Data Archives Special Database Price build-up of commercial cylinders w.e.f 01.06.2008 more... Retail Selling Prices - Petroleum Products more... Reliance Industries Ltd - Status Note on Exploration Blocks more... A Critique of Cairn Energy's Indian operations-Part 1 more... A Critique of Cairn Energy's Indian operations - Part 2 more... Latest facts & figures about India's Petroleum Scene more... Tenders Indian Oil Pipelines Division has invited bids for Mass Flow Meter for more... Indian Oil Pipelines Division has invited bids for Inter Tidal Boom for more... Indian Oil pipelines division has invited global bids for Sphere Detectors for more... Links AmericanOilman
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