Policy
Stalemated Oil PSUs Merger Move Likely To Be Abandoned
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Hardy’s Legal Hurdles May Dampen Foreign Explorers’ Interest
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‘Taxing’ Fuels In Anticipation Of Declining Crude Oil Price
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Easing Rules For Retail Marketing Of Petrol And Diesel
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Vedanta Emerges As India’s Largest Private E& P Player
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Regulation
Indian Refineries’ GRM May Fall Further In Next Quarters
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FDI Inflows Into Petroleum Sector Refuse To Pick Up Speed
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Estimated, Established Hydrocarbon Resources In India
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TN Govt. Comes Out Against Hydrocarbon Exploration In State
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Alternative Energy / Fuel
Aemetis India Plant Achieves Record $4 Million Monthly Domestic Biodiesel Revenue
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New Projects
TechnipFMC Secures Subsea Contracts For MJ1 Gas Field In India
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McDermott Completes First Installation for R-Cluster Project Offshore
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GAIL Commissions Gas Pipeline To Gorakhpur
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Market Watch
MRPL Buys Its First US Thunder Horse Oil With 1 Mn Barrel Order
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Companies
Emerson
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Emerson Helps Drive Production Increase At BPCL Refinery
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IOC Lines Up Projects In Tamil Nadu Totalling Rs 85.2 Billion
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Oil India Bags 12 Blocks
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Press Release [FREE Access]
Latest Exclusives

July 17, 2019: The government signed production sharing contracts for 254 blocks under the New Exploration Licensing Policy (NELP) which had a total of 9 rounds. Of these, only a few blocks are under operation and the rest either relinquished or in the process of being relinquished. Click column Special Database for details.


July 16, 2019: The Indian basket of Crude Oil represents a derived basket comprising of Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries in the ratio of 74.77:25.23 during 2017-18. Click column Special Database for details of Indian crude oil basket price in June 2019.


July 15, 2019: ONGC Videsh Ltd (OVL), is the fully-owned overseas subsidiary of upstream major Oil and Natural Gas Corporation (ONGC). The Modi government has finally resisted the temptation of listing it for disinvestment purpose. OVL is heavily dependent on ONGC for its present position and a separation at this stage is not considered advisable. Click column Special Database for major highlights of OVL.

July 10, 2019 | Modi Govt Gets Ready To Step On The Gas: Indian Prime Minister Narendra Modi is not known to be a believer in the institution of Committees. He opts for it only when he is serious about getting the advice of experts on issues he is keen to act. LPG is top on his agenda, not LPG coverage as such but affordable price. His government is keen to raise competition in LPG. Middle East is the cheapest producer of LPG. Middle East majors such as Aramco and Adnoc have a great strategy for the Indian market. Their preference too is for LPG. The Committee appointed by Modi will advise on liberalising the government policies for private participation in LPG marketing. RIL is already getting ready to enter LPG marketing. Indian oil PSUs must be having anxious days. Click Free Access column Petro Intelligence for a comprehensive story.

Today's News [FREE Access]
Government to launch rules to end gas distributors’ monopoly in 34 areas, including New Delhi and Mumbai
July 17, 2019: The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said. In 2009, India’s Petroleum   more..


Hardy Oil & Gas Receives Higher Bid For Troubled Indian Unit
July 17, 2019: Hardy Oil & Gas PLC said Monday it has received a higher offer for Indian unit Hardy Exploration & Production. Hardy Oil & Gas agreed to sell the unit for USD1.5 million to Hindustan Oil Exploration Co Ltd on July 1. However, on Monday Hardy said it received an offer of USD3.0 million from Invenire   more..


BPCL buys gasoline for Kandla in rare move
July 17, 2019: Bharat Petroleum Corp Ltd has bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender, industry sources said on Tuesday. BPCL bought 20,000 tonnes of 91.2-octane grade gasoline at a premium of about $9 a barrel to Singapore quotes on a   more..


Vedanta to invest $650 mln in new oil blocks
July 17, 2019: Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government’s last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on Tuesday in New Delhi It had won a total of 53   more..


Nayara Energy to invest $850 million to build petrochemical plant
July 17, 2019: Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical. Nayara plans to set up a 450,000 tonnes a year Polypropylene plant, the company said in a statement. The company has licensed technology from W.R. Grace & Co to   more..


Moody’s affirms Baa1 rating to state-owned ONGC over better oil prices
July 17, 2019: Moody's Investors Service Tuesday affirmed state-owned oil and natural gas corporation (ONGC's) Baa1 local and foreign currency issuer ratings, saying it reflects an improvement in the firm's credit metrics because of rise in oil prices. ONGC consolidated credit metrics - as measured by retained   more..


Oil India Q1 PAT may dip 10.7% YoY to Rs. 6.283 billion: Prabhudas Lilladher
July 17, 2019: Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects Oil India to report net profit at Rs. 6.283 billion down 10.7% year-on-year (down 67% quarter-on-quarter). Net Sales are expected to decrease   more..


Auto industry asks refiners for BSVI fuel 45 days ahead of the deadline
July 17, 2019: The automotive industry along with its representing body, Society of Indian Automobile Manufacturers (Siam), has requested the state-run oil marketing companies (OMCs)-- Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd---to provide BSVI grade fuel (petrol and diesel) at least   more..

Petropulse / Guest Column
Energy Security & Geopolitics - Looking 30 to 50 Years Ahead
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* |Meeting the Challenge - Fading of 4000-year Old Saga of Oil: The history of crude oil is more than 4000 years old when it more...

IOG Exclusive
Glut In US Crude Pushes Down Price : Indian Wrestling With Options.
May 28, 2018: On Friday oil prices went down by 5 per cent. WTI $67.50/barrel; Brent 76.40/barrel. This difference between WTI and Brent is confusing. Normally Brent should only be about $2 costlier at most. According to market experts, the lower WTI price has to do with a glut of production in the US and lack more...

IOC steps into Oman with acquisition
April 9, 2018: Indian Oil Corp (IOC), the country's largest Oil Marketing Company (OMC), recently acquired global major’s Shell's stake (of 17 percent) in the Makhaizna oilfield in Oman for more...

Some good news for the Indian partners from Mozambique
February 28, 2018: The Mozambique project in which Indian firms ONGC Videsh Ltd (OVL) and Bharat Petro Resources Ltd (BPRL) have a stake has seen some positive news of late. Anadarko Petroleum’s, (the operator) plan to export LNG from Mozambique’s Rovuma Basin through its two trains moved closer to achieving the more...

Visit of Iranian President opens a sliver of hope for Farzad-B deal?
February 16, 2018: The Indian side seems to be making one last concerted effort to revive the proposed Indian investment to develop the large Farzad-B field in Iran during the forthcoming visit of the Iranian President Hassan Rouhani to India. The field was discovered by the Indian consortium of ONGC Videsh (OVL), Oil India more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
January 31, 2018: Faced with declining production from its ageing fields and encouraged by the scheme of incentives in the newly announced EOR (Enhanced Oil Recovery) policy, ONGC and Oil India Ltd (OIL) are preparing to enhance their investment in EOR projects. There has been no major commercial oil or gas more...

Iran Announces Deals With Countries, No mention Of India
January 29, 2018: A senior Iranian oil official has indicated that his country was looking to sign big deals with companies from Russia, Europe, China etc- but there was no mention of India. Iran was also looking to sign large deals with Japanese, Chinese and Korean companies for upgrading some of its refineries. This more...

ONGC’s Search For Producing Assets
January 17, 2018: In recent times, there has been considerable noise generated about the Government’s proposal to allow private sector firms to take equity stake in the blocks earlier given to the flagship PSU firms on a nomination basis. This was ostensibly to help increase production from these fields, as it was felt more...

CERA Week sees plenty of action
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 forward, the conclave more...

Special Reports
Bina Refinery In Madhya Pradesh In News Again
Bharat Oman Refineries Ltd (BORL), jointly owned by the state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company as a 50:50 joint Venture is in the news again.   The refinery is called Bina refinery because it is located at Bina in the more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
The Baroda-based, Centre For Fuel Studies & Research (CFSR), finds that the 5000 MW Solar PV project announced by the government of Gujarat has certain basic flaws. It has, in a comprehensive letter, urged the state Chief Minister to review the project.   more...

Vedanta’s Various Projects Under Implementation in the Rajasthan Field
Anil Agarwal-led Vedanta through its E&P wing, Cairn India, is the operator of India's largest onshore field in the Barmer district of Rajasthan. Vedanta has undertaken further development of the field. more...

Replacing Fossil Fuel in Transport Sector – A huge challenge
The Vadodara-based, Centre for Fuel Studies and Research (CFSR), periodically brings out useful reports on various aspects of India's energy scene. Its latest report is on Replacing Fossil Fuel in Transport Sector-A Huge Challenge. Click HERE for details. more...

Status of Ethanol Blending with Petrol Program.
Ethanol Blended Petrol Programme: The Government through Oil Marketing Companies (OMCs), is implementing Ethanol Blended Petrol (EBP) Programme under which, OMCs sell ethanol blended petrol with percentage of ethanol up to 10%. In order to augment the supply of ethanol, the Government in December, 2014 more...

Status of Equity Oil and Gas Overseas
In order to supplement domestic availability of crude oil & natural gas, the Government has been encouraging acquisition of assets abroad. Our oil and gas companies are present in 27 countries with investments of nearly US$ 33 billion. ONGC Videsh Limited (OVL), which is wholly owned subsidiary and overseas 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
Amar Nath Appointed Nominee Director On ONGC Board
AmarnathOil & Natural Gas Corpn announced that Govt. of India has nominated Amar Nath, Joint Secretary (Exploration), Ministry of Petroleum & Natural Gas as Government Nominee Director on the Board of Company more...

Ms Pomila Selected For Director Post At MRPL
The Public Enterprises Selection Board has selected Ms Pomila Jaspal for the post of Director (Finance), Mangalore Refineries & Petrochemicals Limited (MRPL). Presently, the post is lying vacant. Jaspal is currently serving as Group General Manager at Oil & Natural Gas Corporation (ONGC). She was appointed director on more...

Hazarika Selected For MD Post At Brahmaputra Cracker
HazarikaThe Public Enterprises Selection Board (PESB) has selected Reep Hazarika (CGM, BCPL) for the post of Managing Director, Brahmaputra Cracker and Polymer Ltd (BCPL). Subject to requisite clearances and ACC more...

Indian Petro Scene - In a Nutshell
On April 10, 2018 www.indianoilandgas.com entered the 25th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 25 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.

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Petro Intelligence [FREE Access]
Modi Govt Gets Ready To Step On The Gas
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Shift Threat Quells Protest Against Aramco’s Giant Refinery
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Adnoc Towers: Vivid Pictures On A Symbol Of Coalescing Interests
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Oil Buyers’ Club: A Noble Idea, But Will It Work?
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Foreign Investment
Hardy To Sell Offshore India E&P Interests
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Overseas Investment
Oil India To Exit Russian Oil Block
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Gas Scene
India’s Domestic Gas Scene In May 2019
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Global Natural Gas Price Trends, Domestic Gas price April 2019
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Demand & Fuel Mix For Indian Power Sector, Alternative Scenario’s For Gas Demand
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Plant Liquefaction Scope Complexity and Capital Investment Factor
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Coal Bed Methane (CBM) gas development in India
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LPG Market Profile In Brief As On April 1, 2019
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Domestic Natural Gas Price and Price Cap for Deepwater, High temp High Pressure Areas
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Capacity Utilization of LNG Regasfication Terminals in FY 2018-19
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BAU scenario: India’s CGD gas consumption projected to grow by 10%
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Global LNG Fleet
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Increasing Dependence of Imported RLNG
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Russian Company Gazprom’s Average Gas Production Cost
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Natural Gas Price: Global / India
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India’s Sectoral Consumption of Natural Gas (FY 2018, FY 2023 & FY 2030)
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CFSR Study Report - Seamless Development of Gas Value Chain
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Potential LNG and FLNG Projects Aiming for FID in 2019-2020
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Shrinking NELP Blocks Under Operation
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Indian crude oil basket price in June 2019 (in $ per bbl)
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Major highlights of ONGC Videsh
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Cash Compensation by Govt. on LPG under DBTL (Rs/ 14.2 kg Cylinder)
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Planned Refinery Capacity Expansion
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Refining Capacity addition over the years
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Indian Rig Count vs. Indian Basket Crude Price
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Power deficit: Region-wise position for May 2019 (% deficit)
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Imports Of Crude Oil And Average Crude Oil Prices (Indian Basket)
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India Imports More Petroleum Products In May 2019
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Crude Oil Imports Decline Sharply From OPEC Countries
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India – Attractive Industry Dynamics
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IOC Enhances Its Role In E& P
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GRM Of Indian Refineries Fall Sharply in FY 2018-19
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BPCL’s Upstream Global Spread: An Update
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ONGC Oil and Gas Production
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World Oil Demand
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Energy Transition: Implications For India
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Assessment Methodology for Hydrocarbon Resource of Indian Sedimentary Basins
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Passenger Vehicle Sales Records Sharper Decline in April 2019
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Circular Economy-Decoupling Economic Growth and Resource Use
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ONGC Group: Reserves as on 1st April 2019
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Tenders [FREE Access]
ONGC
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ONGC
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