Policy
TAPI Faces Uncertainty As Terrorists Deepen Hold Over Route
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Not Much Being Heard About OVL’s Mozambique Project
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Spectre Of Subsidy Burden Begins To Haunt Upstream Companies
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More Competition In Fuel Retail Can Benefit Indian Consumer
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GSPC’s Survival As E&P Company Doubtful After DD Asset Sale
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Regulation
Hardy Opposes HOEC’s Scheme For PY-3, Proposes 3 Well Program
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ONGC Carries Out Closed Frac Acidizig For First Time
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Cess Conundrum Again Unsettling Domestic Crude Producers
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MGL’s CNG For 2-Wheelers Makes An Impact
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Alternative Energy / Fuel
HPCL To Set Up India’s First 2G Ethanol Bio-Refinery
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New Projects
McDermott Gets Saudi Aramco’s Offshore EPCI Contract
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Summit Group Bags LNG Project In Bangladesh
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LNG Terminal Proposed At Karaikal
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Reliance Commissions New Paraxylene Plant At Jamnagar
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Market Watch
Castrol And Tata Motors Ink Three-Year Global Pact
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OMCs Encourage No-cash Transactions
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Companies
Pan India Consultants Pvt Ltd
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3 Indian Cos In NNPC Crude Awards
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Asian Oil Field Allot Warrants
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Press Release [FREE Access]
Latest Exclusives
January 17, 2017: In FY 2016, Oil and Natural Gas Corporation (ONGC) worked over 1758 wells against 1756 planned during the year. This led to an oil gain of 10537 TPD. ONGC employed 84 work-over rigs, both offshore and onshore. Click column Special Database for a clear picture about utilization of work-over rigs.

January 16, 2017: Indian refineries registered an impressive Gross Refining Margin (GRM) during the first two quarters of the current FY (April-September).This was possible because of the low crude price which enabled PSUs such as IOC, BPCL and HPCL and private refineries – RIL and Essar to announce strong financial results. North East refineries enjoy excise duty concession. Click column Special Database for refinery-wise GRM for April-September 2016.

January 13, 2017: Click Special Database for quantity and value of crude oil imports.

January 12, 2017: ONGC Videsh has been acquiring oil and gas assets overseas in search of energy security for the country. But most of the assets it acquired happen to be in politically insecure countries, plagued by terrorism, religious conflicts and political instability. Sudan is one such country where OVL’s investment ran into trouble. Of late, there are positive indications from Sudan that OVL’s operations could be revived. Click IOG Exclusive for details.

January 10, 2017: The Public Enterprises Selection Board (PESB) will soon begin to look for candidates to head the blue chip public sector, Oil and Natural Gas Corporation (ONGC). The term of the present incumbent D.K. Sarraf is ending on September 30, 2017. Sarraf is the luckiest CMD the company ever had considering the controversial nature of some of his initiatives. Who will succeed Sarraf? There is an acute shortage of talents in the petroleum sector. In the past, executive directors were not normally considered for the top job, but they are very much in the reckoning these days. ONGC has a qualified director from within. Oil India is not in a position to offer any. PESB alone cannot decide on the selection and will have to go by the wishes of the administrative ministry whose representative will be on the interview board. Click column Petro Intelligence for an impartial assessment of the situation.
Today's News [FREE Access]
Rising petrol, diesel prices push WPI inflation to 3.39%
January 17, 2017: Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016, reversing the declining trend and neutralising the impact of softening prices of vegetables. Also, hardening prices of manufactured items during the month may refrain RBI from cutting rates in its policy review on   more..


India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry
January 17, 2017: India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years. "Demand for petroleum products is increasing as the economy grows. India has the best growth amongst the large economies in   more..


HPCL to restart crude unit at Vizag refinery in 2-3 days - chairman
January 17, 2017: Hindustan Petroleum Corp will restart a 36,000 barrels per day crude unit at its Vizag refinery in 2-3 days, its chairman M. K. Surana said on Monday. HPCL had shut the crude unit at 166,000 bpd southern Indian plant last Friday following a minor fire in its crude unit due to a pipeline leak, the company   more..


India’s oil consumption to outpace China’s this year, Platts Analytics
January 17, 2017: Oil consumption in India is likely to increase by 7-8% this year, overtaking the demand growth in China for the third year in a row, as the demonetisation impact is expected to be for a short-term, according to Platts. The demand for LPG (liquefied petroleum gas) and transport fuels will increase, while   more..


UAE beats India as top exporter of petroleum to Kenya
January 17, 2017: India has lost ground to the United Arab Emirates (UAE) as Kenya’s top supplier of petroleum amid a shrinking oil import bill linked to lower global prices. Kenya’s fuel imports from New Delhi shrunk to Sh51.3 billion in the first 10 months of last year, from Sh89.1 billion in a similar period of   more..


HPCL in talks with six foreign suppliers for gas at LNG terminal
January 17, 2017: Hindustan Petroleum Corp. Ltd (HPCL) is in talks with six foreign suppliers to source liquefied natural gas (LNG) for its Rs 54 billion LNG terminal coming up at the Chhara Port in Gujarat. The company also plans to enter the spot LNG market this year, said two officials aware of the development. HPCL has an   more..


Global Crude oil price of Indian Basket was US$ 54.29 per bbl on 13th January, 2017
January 17, 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$ 54.29 per barrel (bbl) on 13th January, 2017. This was higher than the price of US$ 53.95 per bbl on previous publishing day of   more..


Cairn India rises post production output data for Q3
January 17, 2017: Anil Agarwal controlled oil and gas exploration major Cairn India in an exchange filing made with the BSE informed of production data for quarter ending December 31. The daily average production saw a decline of 7 per cent during the quarter. For Q3 FY2017, the average gross production across assets remained   more..

Petropulse / Guest Column
Natural Gas: Bold, Positive Thinking And The Old Prescriptive
Vivek JoshiNatural Gas has suddenly been in the news in recent times much more than hitherto. Three things, however, stand out. At one end is the bold, positive and contrary, if not disruptive, thinking of the more...

IOG Exclusive
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...

OVL qualifies in Iran but development of the Farzad discovery still uncertain
January 9, 2017: ONGC Videsh Ltd (OVL), the overseas arm of India’s flagship PSU ONGC has qualified to bid for upstream projects in Iran; the list of qualified applicants has been uploaded on the website of the National Iranian Oil Co (NIOC). OVL is the only Indian company to have qualified to bid for projects in the more...

New licensing round in Cuba may be of interest to Indian firms
January 2, 2017: Cuba may restart its offshore hydrocarbon exploration campaign towards the end of 2017; and hold an auction for a number of blocks, including shallow-water and deep water ones.   While this marks a slight delay from the earlier scheduled more...

ONGC Concludes Deal To Acquire GSPC’s Deen Dayal Asset In KG Basin
December 21, 2016: ONGC is understood to have finally decided to acquire the entire Deen Dayal asset of the Gujarat state-owned GSPC in KG waters. The process of Due Diligence which began 18 months ago has now been completed. The initial plan was to partner GSPC but acquiring equity stake, but considering the difficult nature more...

Continued Reforms the key to further growth in the energy sector in India
December 8, 2016: The concluding day of Petrotech show the focus shift to technical sessions as well as the valedictory one which saw the Union Finance Minister   Arun Jaitley and the Minister for Petroleum and Natural Gas,   Dharmendra Pradhan attend; earlier in the day the Transport Minister Nitin more...

Regulatory environment key to decide future for India’s energy sector
December 7, 2016: One of the themes of this year’s biennial jamboree was to find the fuels for the future as well as try and understand what India’s energy mix could be. While renewables are slated to increase their share in India, in line with global trends, there was a greater question over natural gas. Natural more...

Several issues of Relevance being discussed at Petrotech
December 6, 2016: The biennial oil and gas event, Petrotech, commenced on December 4 in New Delhi; organized this time under the aegis of Indian Oil Corportion. The event, perhaps the largest such gathering in south Asia, is seeing delegates, speakers and participants from across the world; as far afield as Venezuela among more...

OPEC cut will be watched closely by Indian Government
December 5, 2016: In a major development, the Organisation of Petroleum Exporting Countries (OPEC) has announced that it has reached an agreement to cut production by as much as 1.2 million barrels. Not surprisingly, this has had a major impact on oil prices, with both the WTI and Brent varieties of crude going up by more more...

Russian Presence Enhances Importance of Petrotech - 2016
December 2, 2016: A major attraction of the Petrotech -2016, beginning in New Delhi on December 5, is that it will be attended by a large contingent from Russia.   In the past , Russia shied away from the Petrotech conferences . According to sources, the Russian team will have quite a few members from the more...

Special Reports
ONGC’s rigs utilization performance
January 3, 2017: Ownership of rigs is not a yardstick to be rated as a major E&P company. Several E&P majors prefer hiring of rigs to owning them. ONGC has a total of 105 rigs in operation of which 74 are owned by it. Have all the rigs been utilized efficiently? more...

RIL seeks access to IOC LPG pipeline, could be win-win but…
December 1, 2016: India’s largest private sector company, Reliance Industries Ltd (RIL) has sought open access to the upcoming LPG pipeline which public sector firm Indian Oil Corp (IOC) is laying from Gujarat to Gorakhpur in eastern Uttar Pradesh. This would be India’s longest LPG pipeline, surpassing the one more...

India’s Oil and Gas Field Auction - An Exclusive Picture About All The Bidders
November 22, 2016: Government of India's oil and gas field auction concluded on November 21 has turned out to be a success in terms of response from companies within the country. The most positive aspect is that the auction attracted quite a few new players into the oil and gas sector. Some of these are solid companies with more...

GSPC seeks partners for onshore blocks, timelines appear aggressive
November 15, 2016: The Gujarat state PSU Gujarat State Petroleum Corporation (GSPC) is seeking partners for its onshore oil and gas blocks-said to be nearly 20 in number. This comes on the heels of news that it wishes to rope in flagship PSU ONGC to manage its KG Basin ‘Deendayal’ discovery. GSPC more...

Hardening Crude Prices Can Create Difficulties For Government
November 7, 2016: India’s finance minister Arun Jaitely had an extremely comfortable period since assuming charge a little over two years ago. The fall in crude price from a high of $ 132 to a low $28 a barrel happened during this period. India imports 80 per cent of its crude requirement and this has more...

Low Crude Oil Prices boost India’s Refineries fortunes
October 19, 2016: The precipitous fall in crude oil prices - from $106 a barrel in July 2014 to $42 per barrel in September 2016 may have dealt a hard blow to India’s offshore and onshore oil explorers –ONGC, OIL India and Cairn India -but India’s state owned refiners – Bharat Petroleum Corp. Ltd 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
GS Singhvi Arbitrator In ONGC-RIL Oil Dispute
Justice G.S. SinghviThe Ministry of Petroleum and Natural gas has appointed G.S. Singhvi, a former Supreme Court judge and Competition Appellate Tribunal chairman (Compat), as the government’s arbitrator in more...

Anantha Padmanabhan Is MD Of Alfa Laval (India)
Anantha PadmanabhanAnantha Padmanabhan has been appointed as the Managing Director, Alfa Laval India Limited and Cluster President for India - Middle East - Africa, with effect from January 1st, 2017. more...

S Padmanabhan Nominated As Tata Power Chairman
S. PadmanabhanTata Sons Ltd has nominated S Padmanabhan as the chairman for Tata Power Co Ltd with immediate effect. Padmanabhan, at present, serves as an additional director on the company's board. 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]
Hunt Will Soon Begin For Sarraf’s Successor
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IOC: Behemoth Needs A Colossus As CMD
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LNG: Bungles In The Deal-making Jungle
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Gas Case: Risks Of Tangling With Modi
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Foreign Investment
Largest FDI Deal Of 2016
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Overseas Investment
ONGC Videsh Wins Rights To Bid For Iran Oil, Gas Projects
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PLL Signs MOU For LNG Project In Bangladesh
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MongoliaTo Use Indian Credit To Build Refinery
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Gas Scene
LNG imports, Sectoral Demand and Consumption of Natural Gas
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Gas pipeline under execution / construction as on 30th September, 2016
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ONGC: Asset-wise break up of gas flared (April 2015 - March 2016)
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Update: Capacity Utilisation of Gas Pipeline Network as on 30th September 2016
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Update: Capacity Utilisation for LNG Terminals (Operational)
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Trend in sectoral consumption of natural gas in India (MMSCM)
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Gas Share Growth - Some International Examples
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CNG Sales
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Update: CNG Price vs. Petrol/Diesel Price Delhi (as of Oct 4th, 2016)
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Update: Growth in CNG-Stations/Vehicles
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Update: CGD Factsheet as of Sept. 2016
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Status of ONGC’s CBM Asset
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Natural Gas net availability
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Update: International Gas / LNG Prices
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Update : Gas Production, Consumption & Imports
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Ultimatum from Iran on Farzad-B block not unexpected
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
ONGC - Workover Rig Utilisation FY 2016
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Gross Refining Margins of refineries for April-September 2016
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Quantity and value of crude oil imports
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Update: High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MT)
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Domestic oil & gas production vis a vis overseas production
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Status of Shale Gas and Oil Development in India
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Details Of Oil & Gas Discoveries Made By ONGC In FY 2016
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Price Build-up of Retail Selling Price (RSP) of PDS kerosene at Mumbai
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Update: Distillate yield of PSU refineries
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Specific Energy Consumption (MBN number) update of PSU refineries
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Update: Retail Fuel Prices in India and Neighbouring Countries
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Update: Production vs consumption of petroleum products
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Imported crude & Domestic crude oil processing
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Hydrocarbon reserves in India
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Status of blocks under NELP (2015-16)
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No Of Auto LPG Dispensing Stations
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Break-up of marketing infrastructure as on October 1, 2016
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Tenders [FREE Access]
ONGC: 3D Seismic Data Acquisition
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ONGC : Oil Well Cement
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