Policy
A Direct Deal With Trump Can Let Iran Off The Hook
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India To Deepen Ties With Russia In LNG Production, Supplies
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Perils Of Deregulation Of Petrol And Diesel Prices
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Retailing Of LNG For Long Distance Transportation A Focus Area
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Consumer Unlikely To Benefit By Competition In Fuel Retailing
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Regulation
OVLís Organisation, Systems and Processes To Be Strengthened
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Extension Of Barmer PSC: Who Outwits Whom?
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Limited Scope For Private Players In LPG Marketing
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CGD Majors MGL, IGL, GGL Get A Rival In Adani Gas Ltd
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CPCB Pulls Up Oil Marketing Companies
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Alternative Energy / Fuel
BPCL Setting Up Bio Fuel Plant In Odissa To Produce Ethanol
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New Projects
OMCs Select Hughes India To Enable Retail Automation
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Kreuz Subsea Wins Contract From ONGC
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ShapoorjiPallonji, Royal Vopak to set up LPG terminal in Gujarat
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LNG Import Terminal At Ennore To Be Commissioned This Month
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Market Watch
Puma Energy Seeks License For Retail Fuel Sales In India
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OMCs Sign LPG MoU With Government Services Body CSC
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Companies
Puma Energy
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BPCL Kochi Launches Speciality Product Of Food Grade Quality Hexane
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Cairn India To Invest $4 Bn In Rajasthanís Barmer Oil Block
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Press Release [FREE Access]
Latest Exclusives

November 16, 2018: Indian Oil Corporation (IOC), India's largest crude oil refining and marketing company, has the most active and productive Research and Development (R&D) wing among all oil companies in the country. It active patents portfolio has 122 products in areas such as Lubes, refineries and others and continues to invest in a number of R&D areas. It commercialised quite a few products in recent months. Click column Special Database for IOC performance in R&D.


November 15, 2018: The 5 million ton per annum Mundra LNG regasification terminal has just been commissioned. With the government and the industry resolved to enhance the share of natural gas in the energy mix from the 6.2 per cent to 15 per cent by 2030, India will be importing significantly large quantities of LNG in coming years. This has brightened the prospects of quite a few planned LNG regasification terminals becoming a reality. Click column Gas Scene for details of India's regasification terminals, existing, under implementation and planned.


November 12, 2018 | India Needs Affordable LNG: The natural gas consumption in India is confined to the creamy layer of the domestic industry. The government decides gas allocation which is linked to the availability of pipelines. India is now striving to raise the share of gas in energy mix from 6.2 per cent to 15 per cent by 2030. In the absence of a transnational pipeline to supply gas, the country will have to depend on imported LNG. The originally negotiated LNG price with RasGas of Qatar, based on Petronet LNG Ltd’s tender specification, was around $4 /MMBTU. This got scuttled and ended up paying up to $14/MMBTU before it was re-negotiated. India cannot afford costly LNG. If the market is to be tapped to its full potential, the game will be price. LNG would catch fire and take off at or below $5/MMBTU. Experts say industrial houses such as Tatas, SharpoojiPallonji, Mahindra or Piramal should enter the scene. It can be done. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
Govt plans $2 bn worth stake sale in ONGC, IOC, Oil India to meet divestment target
November 17, 2018: The government plans to divest stakes of up to $2 billion in public sector undertaking (PSU) entities such as Oil and Natural Gas Corp(ONGC), Indian Oil Corp (IOC) and Oil India (OIL) to meet its disinvestment target for the year, according to an Economic Times report. The companies are also expected to   more..


ONGC frames strategy to boost oil and gas output
November 17, 2018: Oil and Natural Gas Corp (ONGC), India's largest vertically integrated oil company, is looking at production enhancement contracts (PECs) and enhanced oil recovery techniques to boost oil and gas output from old and matured fields that are faced with the natural decline, its chairman Shashi Shanker   more..


US Anadarko to spend $200 million pre-FID on Mozambique LNG project
November 17, 2018: London — US company Anadarko Petroleum said it has allocated about $200 million for the Mozambique LNG export project and plans to make a final investment decision in the first half of next year. "The company remains on track for FID consideration in the first half of 2019," it said Thursday   more..


GAIL India may acquire all of wind energy assets held by troubled IL&FS
November 17, 2018: India’s biggest gas utility is considering acquiring all of the wind energy assets held by a subsidiary of a troubled shadow bank, according to people familiar with the matter. GAIL India Ltd. is looking to buy 775 megawatts of wind energy assets from IL&FS Energy Development Co., a unit of   more..


Good news and bad for India
November 17, 2018: The discovery in September of two new fields by India's Oil and Natural Gas Corp (ONGC) marks a step forward in the country's problematic strategy of energy independence, just as it faces up to the high cost of renewed sanctions against Iran. The finds—in Madhya Pradesh's Vindhyan block in   more..


YK Modi firm to drill for shale gas in Bengal
November 17, 2018: The Y.K. Modi-run Great Eastern Energy Corporation Ltd on Thursday said it will start drilling for shale gas as the consultant, commissioned by the company, has placed shale resources at between 1.4 trillion cubic feet (tcf) and 6.63 tcf. Prashant Modi, managing director and CEO of Great Eastern Energy   more..


Oilex shares surge 40% on Cambay field high court decision
November 17, 2018: Shares in Oilex (LON:OEX) jumped over 40% on Thursday following the decision from an Indian high court relating to their joint venture with Gujarat State Petroleum Corporation (GSPC). Oilex is drilling for gas in the Cambay field located in the Indian state of Gurjarat. The project is a joint venture   more..


The oil & rupee problem
November 17, 2018: The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the government. The consumers   more..

Petropulse / Guest Column
How To Unlock Indiaís Gridlocked Gas Grids Urgent Need For Transnational Gas Pipeline From Gulf To India
Maj. Gen. S.C.N. Jatarby Maj. Gen. S.C. N.Jatar, (Retd)* | www.indianoilandgas.com  in one of its  earlier issues under column  Petro Intelligence had tellingly remarked, “But 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...

ONGCís 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
August 7, 2018: 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 more...

Points to Ponder: Open letter to Honorable Chief Minister of Gujarat, Shri Vijay Rupani
June 22, 2018: 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...

Vedantaís Various Projects Under Implementation in the Rajasthan Field
May 21, 2018: 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 Ė A huge challenge
May 18, 2018: 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.
May 14, 2018:  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 more...

Status of Equity Oil and Gas Overseas
May 10, 2018: 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 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
Ms Dasgupta appointed Senior Adviser, Petroleum Ministry
Ms Sushmita Dasgupta (IES:1985) has been posted as Senior Adviser, Ministry of Petroleum & Natural Gas. She replaces Ms Urvashi Sadhwani (IES:1982). Earlier, Ms Dasgupta served as Senior Adviser (HAG post) in the Department of Commerce. Dasgupta who holds a bachelor and masters degree more...

Ravi, Adviser (Security) At Indian Oil Given Extension
B.K. RaviDeputation tenure of B K Ravi was extended for a period of two years w.e.f. 09 November 2018. Currently, Ravi serves as Adviser (Security) in Indian Oil Corporation Limited. Ravi 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]
India Needs Affordable LNG
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When A Total Eclipse Overshadows Exxonís Ambitions
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Darker Truths Behind Roadblocks To Mega Refinery
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Kuwait Petroleum Finds The Going Tough
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Foreign Investment
Regulator Approves Sale Of Mukesh Ambaniís Pipeline To Brookfield
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Overseas Investment
WFW Advises Aban Singapore On North Sea Blocks Acquisitions
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PDVSA Ships $35 Million Oil Cargo To Pay Dividends To ONGC
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Gas Scene
LNG Terminals in India
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CGD Factsheet As Of Sept 2018
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A total picture about Natural Gas scene including CBM in India
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State-Wise Share In CGD Business
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Update: Sectoral Consumption of Natural Gas, LNG Import and Total Net Available Gas for Sale
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Domestic Gas Scene In September 2018
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Declining Rate Of Gas Flaring In ONGCís Fields
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Natural Gas In Indiaís Energy Basket
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Domestic Natural Gas Price & Global Natural Gas Price trends
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Updatew: Existing Gas Pipeline Network, Gas Pipelines Under Execution
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Gas pipeline network update
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An Update : Capacity Utilization of LNG Regasification Terminals
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Domestic Gas Prices & International Gas Prices
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Roadmap to setting up a functional Gas Marketing Hub in India
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Domestic Gas Scene In totality In Last 3 Years
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Month-Wise, Sector-Wise Consumption of Domestic Gas, R-LNG 2017-18
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LNG imports have consistently increased over the years
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15% Share of Gas in Primary Energy Mix Ė What it Translates to
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Salient Features of LPG Profile In Fiscal 2017-18
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
IOCís Research & Development Makes Significant Contributions
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Oil and Gas Separation, Refineries, Gas Processing Plants, Olefin and Aromatic Mother Plants
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Update: Distillate Production in Indian refineries, total and break-up
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India: Oil Import - Volume, Value and Price USD / Barrel
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Power Shortage Situation In September 2018
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Update: Indiaís Crude Refining Capacity , Company-wise, Refinery-Wise As On August 1, 2018
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Indigenisation Level Of Hardware in Gas Transportation - LNG, Pipelines
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Petroleum Products Import In September Registers Impressive Growth, Export Declines.
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Crude Oil Imports Register Modest Increase In September, OPEC Share Down
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Status of blocks under NELP (as on 1st April, 2018)
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PNG connections, CNG stations and CNG Vehicles - An update
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Oil Indiaís Short Term Growth Plan
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Indiaís Consistently Shrinking Self-Sufficiency in Petroleum Products- An Update
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Oil Indiaís Long Term Plan
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Price Variations In Indian Basket of Crude Oil In September 2018
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MMT)
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Oil Indiaís Competitive Cost Structure
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Financial Details Of Oil Companies (FY 2017-18)
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Imported Crude & Domestic Crude Oil Processing (FY 2013-14 to 2017-18)
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Tenders [FREE Access]
ONGC
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ONGC
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