Policy
Rising Crude Price Ends Comfort Period Of Indian Economy
more...


Small Field Auction May Not Mean Success Of New Bidding Round
more...


Transnational Gas Pipelines Face Many Challenges
more...


Swan FLNG Unit Could Be Precursor Of More
more...


RDEL’s Pipavav Shipyard Could See More Action On Oil & Gas Front
more...

Regulation
ONGC To Redeploy Talents, Integrate G&G For Priority Plays
more...


New Players Impart Dynamism To India’s E&P Sector
more...


RIL Returns To KG D6 With Development Plan For MJ Field
more...


Measuring Performance Of Indian Refineries Through GRM*
more...

Alternative Energy / Fuel
NRL Signs Contract With Chempolis For Biorefinery
more...

New Projects
ONGC To Develop 5 Fields Investing Rs 73.37 Billion
more...


Gujarat Petronet’s Pipeline Project Completed
more...


JDR Cables Wins Order
more...


RIL To Reach Full Scale Of Paraxylene Plant By March
more...


BPCL May Set Up Petrochemicals Unit In Bina
more...

Market Watch
Shell Lubricants Introduces Shell Advance Ultra
more...

Companies
Dynamic Drilling And Services
more...


HOEC Upbeat
more...


ONGC Notifies 2 More Discoveries
more...


Cairn India To Invest $1 Billion In Five Projects
more...


BPCL To Raise Rs 20 Billion By March End
more...


GAIL Forms JV With West Bengal Govt. For CGD
more...

Press Release [FREE Access]
Latest Exclusives
February 27, 2017: Wrongly conceived and faultily implemented, India’s downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) is practically dead. The regulators did not know how to regulate and what to regulate and in fact, there was not much to be regulated. PNGRB turned out to be a parking lot for retired bureaucrats The space occupied by PNGRB being costly, the government can save money by vacating it. The only surviving member of the Board can be shifted elsewhere. The Modi government will have to create a genuine regulator both for the upstream and downstream if it succeeds in merging all the oil and gas companies into a behemoth as announced by finance minister Arun Jaitley in his budget speech. It should be manned by dynamic characters who know the industry and not by retired bureaucrats. Click Free Access Column Petro Intelligence to read a comprehensive piece on the subject.
 
In Guest Column, Bhamy V.Shenoy, an acknowledged oil expert who worked with multinational oil companies, criticises the plan to merge oil and gas companies into a behemoth. He considers it a disastrous move.

The Small discovered field auction has been a reasonable success. This does not mean that an exploration acreage round at this juncture should also be a success. The spurt in crude price has begun to impact the Indian economy by pushing up inflationary pressures. The transnational pipelines such as TAPI are facing a lot of challenges. Anil Ambani’s Pipavav Shipyard is poised to play a major role in the oil and gas sector. These are among the issues figuring in column Policy. Gross Refining Margins of Indian refineries differ significantly. There are historic reasons for this. ONGC is reshuffling its talents to achieve production targets. Column Regulation has four exclusive reports.

February 24, 2017: The Modi government has a deliberate plan to expand the coverage of LPG for the domestic cooking sector. Though it is a subsidised item, the government is expanding the coverage to the weaker sections of the society and it is a politically popular move as well. Click column Special Database for the government's LPG coverage target.
Today's News [FREE Access]
ONGC board approves pact to acquire GSPC stake for $1.2 billion
February 25, 2017: The Board of state-owned ONGC has approved signing of definitive agreements for buying debt- laden GSPC’s entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion. ONGC will pay USD 995.26 million for three discoveries in the KG-OSN-2001/3 block that are under trial production since   more..


France’s Engie starts global LPG desk to meet power demand, hedging needs
February 25, 2017: France's international utility company Engie has started a global desk to trade liquefied petroleum gas (LPG) and plans to promote the fuel as a replacement for diesel in power generation, senior executives said on Thursday. The utility company's trading arm plans to hire 10 people in Singapore,   more..


Pakistan seeks to end gas shortage with LNG imports
February 25, 2017: With domestic production faltering and pipeline import projects still uncertain, Pakistan's dependency on LNG imports is unlikely to fade away, especially since global oversupply and low LNG prices are set to continue helping the country resolve its decade-long energy crisis. Imports of the fuel are   more..


New man to lead Cairn’s oil and gas hunt
February 25, 2017: CAIRN Energy has recruited a senior figure from the US oil and gas industry to lead the company’s exploration effort. Edinburgh-based Cairn said Eric Hathon will join the company as Director of Exploration from Marathon Oil, where he has held a range of senior international management roles. Mr Hathon   more..


Wind power tariffs crash to record low of Rs 3.46/kWh
February 25, 2017: Wind power prices have crashed to Rs 3.46 a kWhr in the country’s first-ever auction of wind capacity. The least wind tariff today is Rs 4.16 in Tamil Nadu, if one ignores the outlier Rs 3.82 for some specific sites in Maharashtra. This fall in wind tariff mirrors a similar trend in solar tariffs   more..


Sembcorp Industries’ full-year net profit down 28% to $394.9m
February 25, 2017: Global energy, water, and marine group Sembcorp Industries Ltd. increased its Q4 earnings 143% to $147.5m compared to just $60.8m from the same period last year. The company also posted a net profit of $394.9m and a turnover of $7.9b for the full year 2016, lower than $548.9m and S$9.5b recorded in the   more..


Piyush Goyal’s Push For Electric Vehicles Can Transform Public Transport In India
February 25, 2017: It looks like the Government of India is all set to push for electric vehicles (EV) nationally. As part of FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India), it has decided to hold talks to enhance the adoption of EVs. Power minister Piyush Goyal has spoken to various   more..


As Saudis prepare to sell shares in oil giant, some have misgivings
February 25, 2017: Jamil Farsi, a prominent Saudi Arabian jewellery tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month. "I don't know anything about economics but I beg you, and I beg the officials in the country, not to sell Aramco - not 5 percent,   more..

Petropulse / Guest Column
Merger Of PSU Oil Companies Will Lead To Modern Day Bhasmasura
Do you remember how it was for air travellers when there was just Indian Airlines? We may face such conditions while buying petrol and LPG. Should we be concerned? Soon there will be just one brand petrol stations throughout India and also just one oil company distributing LPG if NDA succeeds in merging state owned top six more...

IOG Exclusive
Deal with ADNOC could be the precursor of further ones
January 27, 2017: The visit of the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al-Nahyan, who was also the Chief Guest at this year’s Republic Day celebration, seems to have brought some good news in its wake. Although the matter was under discussion for quite long, the deal under which UAE’s National Oil more...

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...

Special Reports
Latest LPG Profile
February 22, 2017: India has one of the largest LPG distribution network in the world. It is managed by state-owned companies. LPG for domestic cooking is a subsidised item.  Latest LPG Profile The salient points of LPG marketing as brought out in the LPG Profile for the period more...

All eyes on new entrants under the Marginal Fields Round
February 16, 2017: The Union Cabinet has awarded 31 oil and gas exploration blocks (44 fields) to 23 companies, of the total of 46 contract areas put on offer under the discovered small and marginal fields (DSF) auction rounds held earlier. The Government has reportedly stated that this may bring in gross more...

Oil and Gas Sector In Arun Jaitley’s Union Budget For FY 2017-18
February 2, 2017: In a major departure from his previous budgets, finance minister Arun Jaitely had three significant proposals for the oil and gas sector in the budget for 2017-18 presented on February 1, 2017. In Indian system, policy decisions are invariably made through the annual budget proposals. The more...

Petronet LNG showing interest in Sri Lankan LNG market
January 19, 2017: Petronet LNG Ltd (PLL) is reportedly interested in the Sri Lankan market, and is particularly interested in establishing an LNG receiving terminal in the island nation. Sri Lanka does certainly need some amounts of natural gas, especially for power; and PLL apparently wishes to expand its footprint outside more...

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...

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
Santrupt Misra Appointed Independent Director Of ONGC
Ministry of Petroleum and Natural Gas (MoP&NG) has appointed Dr. Santrupt Misra as Non-official Independent Director on the Board of Oil and Natural Gas Corporation Limited (ONGC) for a period of three years. He has over 28 years of professional experience in global business, research and organizational more...

Yogeshwar Sharma Appointed Director Of PFH
Yogeshwar Sharma, based in France, has recently been appointed as a director on the board of PFH Oil and Gas, a Calcutta based company promoted by Harsh V Poddar of Poddar group The Poddar-led PFH firm has won three gas blocks from ministry of petroleum and natural gas last week. Out of these three fields, two are in KG basin more...

Aurecon Appoints Alex Wonhas As MD
Global engineering and infrastructure advisory company Aurecon has appointed Dr Alex Wonhas as the new global Managing Director to lead its Energy & Resources business which also spans Manufacturing. He was previously Executive Director at Australia’s national science agency, leading CSIRO’s environment, 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 [FREE Access]
Regulatory Board In Its Death Throes
more...

Mega Merger A Recipe For Disaster
more...

ONGC-GSPC Deal Could Get RIL Off The Hook
more...

Hunt Will Soon Begin For Sarraf’s Successor
more...

Foreign Investment
Roseneft-led Consortium’s Acquisition Of Essar Oil Close To Compeltion
more...

Overseas Investment
Sri Lanka Launches Tender For Block Vacated By Cairn India
more...

Gas Scene
Coal Bed Methane (CBM) gas development in India update
more...


India’s Installed Power Generation Capacity
more...


LNG Developments
more...


Update: CGD Factsheet, CNG Stations & Vehicles
more...


Natural Gas Availability, Sectoral Demand and Consumption (December 2016)
more...


Update: Price of Domestic Gas
more...


ONGC’s Shale Exploration in FY 2016
more...


Gas: Production, consumption and imports - an update
more...


Gas pipeline under execution / construction as on 30th September, 2016
more...


ONGC: Asset-wise break up of gas flared (April 2015 - March 2016)
more...


Update: Capacity Utilisation of Gas Pipeline Network as on 30th September 2016
more...


Update: Capacity Utilisation for LNG Terminals (Operational)
more...


Trend in sectoral consumption of natural gas in India (MMSCM)
more...

Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
LPG Coverage as on 1st January, 2017
more...


Status of ONGC’s marginal fields
more...


Fuel prices in Delhi
more...


ONGC: Exploration Activities, Reserve Accretion FY 2016
more...


Status of major crude oil and product pipeline network
more...


Indias Declining Self‐sufficiency in petroleum products - an update
more...


Power deficit: Region-wise position for December, 2016
more...


Trend in production and consumption of crude oil and petroleum products
more...


ONGC: Production and Financial Performance
more...


Update: Price of Indian basket of crude
more...


Refinery-wise Fuel & Loss (April - September 2016)
more...


Product-wise Weightage of Petroleum Pproducts and their role in the rate of inflation
more...


ONGC - Workover Rig Utilisation FY 2016
more...


Gross Refining Margins of refineries for April-September 2016
more...


Quantity and value of crude oil imports
more...

Tenders [FREE Access]
GAIL
more...


Bharat Petro Resources Ltd
more...


GAIL
more...

  contact us   privacy statement   terms of use    India Biz Database - all rights reserved