Policy
India Keen On Establishing A Gas Trading Hub
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Draft Policy For EOR Projects Noble But Challenges Likely
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ONGC In Desperate Hurry To Acquire Producing Assets
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Battle For Reduction In Cess On Crude Oil Begins
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OVL To Be Strengthened For Enhanced Role In Asset Acquisitions
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Regulation
India To Launch Bidding Round Under OAL On January 16
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Projected Domestic Gas Availability May Derail LNG Terminals
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FSRUs Face Uncertainty, Move At Slow Pace In India
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Pet Coke Unlikely To Disappear From India In Near Future
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Alternative Energy / Fuel
NITI Aayog Proposes 15,000 Ton Coal–To-Methanol Unit
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New Projects
L&T Wins A Major ONGC Contract
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McDermott International Awarded Contract In KG Basin By RIL
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RIL Completes $16-Billion Expansion, Doubles Ethylene Capacity
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Six Cos Evince Interest For Storing Crude In Pudur Oil Reserve
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Market Watch
India Challenges China As World’s Biggest LPG Importer
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IGL Smart Card Program
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ONGC Petro Seeks Dealers
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Apar Industries Enters A JV To Market Auto Lubricants
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Companies
Indraprastha Gas Limited
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L&T Hydrocarbon Gets Rs 21 Billion Projects From RIL, HPCL
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OIL Makes 2 Hydrocarbon Discoveries
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GAIL Commissions India’s Second Largest Rooftop Solar Plant
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Essar Oilfields Bags Contracts From Mercator Petroleum
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Cairn India Acquires Controlling Stake In Avanstrate For US$158 Million
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Press Release [FREE Access]
Latest Exclusives

January 16, 2018: Indian Oil Corporation (IOC) is India's largest refining and marketing company. Its pipeline network is spread all over the country. IOC's dominance in pipeline network will continue as the Common Carrier concept is not applicable to these pipelines which were laid long before the regulatory system came into being. Click column Special Database for details.


January 15, 2018: The growth in petroleum products demand or consumption is directly linked to the growth in Gross Domestic Product (GDP). As India's economic development was based on a five year plan model till three years ago, official data is available for petroleum products demand and GDP growth on a five year average basis. Click column Special Database for details.


January 12, 2018: Petroleum sector is acknowledged to be the largest source of revenue for the Indian government. But the share of taxes in transportation fuels such as petrol and diesel is not very high compared to the level in developed countries. It is lower than the level in countries of West Europe, on par with Japan and significantly lower than that in USA and Canada. Click column Special Database for details.


January 11, 2018: The launch of New Exploration Licensing Policy (NELP) in the late 1990s was a deliberate policy initiative to attract major oil companies to India. But it did not succeed in getting oil majors into the country and their participation remained  insignificant. India has replaced production sharing  NELP with a new policy based on revenue sharing model. 360 exploration blocks were awarded under NELP. Only 68 are now operational. Click column Special Database for the latest picture as per the official data.
January 10, 2018: India has traditionally been a fertile ground for different lobbies. If international gas lobbies are reined in and the political leadership begins to negotiate with gas producers intelligently, India stands a fair chance of getting natural gas at a reasonable price. Russian president Vladimir Putin through his marketing strategy is making things relatively easy for India. Sanctioned and loathed by the west which is trying to choke Russia’ oil and gas business, the country’s lifeline, Putin is fighting back through an aggressive strategy to market oil and gas. Not only oil and gas from Russia but also its share of oil and gas from Iran. Putin’s gas pipeline is expected to reach Pakistan in near future. Can Pakistan be a market for gas? Will it pay for the gas? Putin has a different game. It looks brilliant. Within India, there are no powerful lobbies with significant quantity of gas reserves to work against Putin’s plan. Click Free Access Column Petro Intelligence for a comprehensive inside story.

Today's News [FREE Access]
Cairn India to invest Rs 370 billion to ramp up oil production
January 16, 2018: Vedanta's oil and gas vertical Cairn India is planning to invest Rs 370 billion to ramp up crude production at its Barmer oil fields in Rajasthan. The investment will be made over the next few years, which will enhance the production of crude oil. Union Petroleum and Natural Gas Minister Dharmendra   more..


India, Israel sign 9 agreements, including those on cyber security, oil and gas
January 16, 2018: India and Israel on Monday signed nine agreements, including in the areas of cyber security and oil and gas, following delegation-level talks headed by Prime Ministers Narendra Modi and Benjamin Netanyahu here. A memorandum of understanding (MoU) on cooperation in cyber security was signed. A second MoU was   more..


Has surging crude oil brought politics back to energy pricing?
January 16, 2018: Fuel prices in India have remained range-bound in the past six months although crude oil has surged, indicating that state-run retailers are mindful of the political impact of rising fuel prices, although they have the freedom to revise rates daily, in line with changes in crude prices. Petrol prices in   more..


Essar Oilfield Services eyes 20 per cent jump in revenues next fiscal
January 16, 2018: Essar Oilfield Services Ltd is eyeing a 20 per cent jump in revenues next fiscal as the country's focus on raising domestic output propels a stagnant rig hire market. The company, which owns 16 rigs used for drilling of oil and gas, is expected to end the current fiscal with a revenue of Rs 3 billion, up   more..


GST call on natural gas
January 16, 2018: The GST Council at its meeting on Thursday is likely to discuss the entry of natural gas in the indirect tax regime and rationalise the rates on a few items such as farm equipment and electric vehicles. Bringing the real estate sector under the GST is also on the agenda. The council may cut the rate on farm   more..


Oil PSUs to form SPV for mega natural gas pipeline network in North-East - Mr Pradhan
January 16, 2018: Dharmendra Pradhan, oil minister announced five state-owned oil Public Sector Undertakings (PSUs) will form a Special Purpose Vehicle (SPV) to create mega natural gas pipeline network in the North-East part of the country. He was speaking at an event organized by industry body Federation of Indian Chambers   more..


Oil near 3-year highs on output cuts despite rising N American rig count
January 16, 2018: Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent crude futures, the international benchmark for oil prices, were at $69.89 per   more..


LNG terminal in Colombo Port: Has Japan joined regional game of Chinese chequers?
January 16, 2018: The visit to Sri Lanka by Japan’s Foreign Minister Taro Kono (Jan 4 – 6) saw governmental confirmation of Sri Lanka’s first Liquefied Natural Gas (LNG) project. A statement from Prime Minister Ranil Wickremesinghe’s office revealed that an MoU with Japan to build a Floating Storage   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
Middle-East to India Deepwater Natural Gas Pipeline (MEIDP)
December 8, 2017: The New Delhi-based, South Asia Gas Enterprise Pvt Ltd (SAGE), and SBI Capital Markets made a presentation on Middle East To India Deep Water Gas Pipeline to chairman of Niti Aayog and his team. Click HERE for Presentation. more...

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...

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
Gurmeet Singh Selected For Director Marketing Of IOC
The Public Enterprise Selection Board has selected Gurmeet Singh (ED, IOCL) for the post of Director (Marketing), Indian Oil Corporation Limited (IOCL). Subject to requisite clearances Singh may replace B.S Canth, the outgoing Director (Marketing) retiring this month. more...

L.K Vijh Selected Director (Tech), EIL
The Public Enterprise Selection Board has selected Lalit Kumar Vijh (ED, EIL) for the post of Director (Technical), Engineers India Ltd. (EIL). Subject to requisite clearances Vijh may replace A N Deshpande, the outgoing Director retire in January next year. more...

Vinod Kumar Appointed CVO In IOC
Vinod Kumar, a 1987-batch Indian Forest Service officer of Uttarakhand cadre, has been appointed as the CVO in the IOC for an initial period of three years. more...

Suchitra Sharma Appointed CVO of GAIL
Suchitra Sharma, a 1987-batch officer of Indian Revenue Service (Customs and Central Excise has been appointed Chief Vigilance Officer of GAIL for an initial period of three years. 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]
Putin’s Great Game: A Gas Pipeline To India
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ONGC: More Sinned Against….
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PLL: Making Up For Old Lapses
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Bombay High’s Tale Of Woe: Short Shrift For Local Talent
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Foreign Investment
Debt-Ridden Aban Offshore Seeks Settlement With Lenders
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Overseas Investment
India To Help Mongolia Set Up Refinery
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Gas Scene
Sector-wise Consumption of Natural Gas in November 2017
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List Of Importers & Source-Wise LNG Imports In November 2017
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Gas pipelines under execution / construction as on 1st November, 2017
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Domestic Natural Gas Scene : November 2017
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Capacity Utilisation of Gas Pipeline Network as on 1st October, 2017
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Status of Coal Bed Methane Gas development in India (Sept 2017)
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Status of Shale Gas and oil development in India
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Sectoral Consumption of gas in October 2017, far below demand projections
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LNG Imports and Domestic Gross Natural Gas Production In October 2017
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Update: CNG Stations & Vehicles and CNG Sales
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Update: CGD Factsheet as of September 2017
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Natural Gas Share in Prime Energy Mix
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Domestic Gas Price (November 2014 -March 2015 to October 2017 - March 2018)
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Source-Wise LNG Imports In September 2017
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Sector-wise gas consumption of domestic gas and RLNG (July 2017)
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ONGC Asset-wise gas flaring in FY 2016-17
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
IOC’s Unparalleled Cross -Country Pipeline Network, Market Share, Throughput and Capacity Utilisation
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Petroleum products demand & Gross Domestic Product (GDP) during five year period
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Retail Selling Prices of Petrol and Diesel: India vis-a-vis Developed Countries
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Status of blocks under NELP (2017-18)
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Petroleum Sector’s Contributions To States Through Taxes
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Revenue from the Petroleum Sector and Payout from Government for petroleum subsidy
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Important terms in pricing of petroleum products
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India’s Region-Wise Crude Imports in November 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Power deficit: Region-wise position for November, 2017
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High Sulphur Crude Processing Hits An All Time High
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Oil India Ltd Cost Structure
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Specific energy consumption (MBN number) of PSU refineries
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Uptrend Stalled In Distillate Yield Of PSU Refineries
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Oil India Ltd : Large and Diversified Domestic Reserve Base
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ONGC: VAP Production
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ONGC Intensifies Exploration In Kutch-Saurashtra
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High Sulphur (HS) & Low Sulphur (LS) crude oil processing
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Latest Estimated Hydrocarbon Reserves In India
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An Updated LPG Profile In Brief ( April- September 2017)
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Import of Crude oil and Petroleum Products (April – October 2017)
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Tenders [FREE Access]
IndianOil
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IndianOil
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IndianOil
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Oil and Natural Gas Corporation Limited
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