Policy
India Breathes Easy As Crude Price Moves In Reverse Gear
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Engie’ Stake Sale In Petronet LNG Would Be Closely Watched
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India’s Petroleum Sector Is Government’s Cash Cow
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Revival Of LNG Plant In Iran Has Implications For India
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Accelerated LPG Replacement With PNG Mooted To Save On Subsidy
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Regulation
ONGC To Tap CBM In A Big Way To Achieve 2030 Production Target
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Facing Drilling Challenges HOEC Fast Tracks Dirok Gas Field
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PSU Oil Marketing Companies Improve Their Export Performance
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National Data Repository May Become Operational This Year
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Alternative Energy / Fuel
A New Policy On Ethanol, Methanol Soon
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New Projects
L&T Wins $253 Million Oil And Gas Project From ONGC
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GAIL India To Invest Rs 17.50 Bn For Gas Distribution Project In Odisha
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HPCL Upgrade Units Using Honeywell Technology
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Market Watch
Bharat Petroleum Ties Up With Trent Hypermarkets
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Companies
KEI-RSOS Petroleum & Energy Pvt Ltd
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Cairn India Vedanta Merger Gets NCLT Nod
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EIL Receives Share Buyback Approval
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Press Release [FREE Access]
Latest Exclusives
March 27, 2017: India may be the fastest growing economy in the world and the third largest hydrocarbon consumer. But for the oil rich Middle East countries, India is not an investment destination. Perception matters and it does not change easily. India has been buying oil from Iran for years and maintains friendly relations with it. Its record is slightly better than other Middle East countries considering the fact that Iran did make a small investment in Madras Refineries Ltd (MRL) way back in 1965. It still retains that investment. Indian PSUs are waiting for a response from the Iranian government to their offer to develop the huge gas field, Farzad B which they discovered. Being an equity partner in CPCL, Iran is willing to invest in the 9 million ton per annum refinery going to be set up by Chennai Petroleum at Nagapattanam in Cauvery basin, but its conditions look unpalatable. Will Iran relent on those conditions? Click Free Access column Petro Intelligence for details.

Any dip in crude price is welcome to India which imports about 82 per cent of its crude requirement. An anxious political leadership which was preparing for a surge in crude price has heaved a sigh of relief at the recent fall in prices. Gas de France’s attempts to sell its stake in Petronet LNG Ltd has triggered speculations in the market about the likely successor. The French major cannot be unaware of the capital gains conundrum which Cairn Energy and Vodafone face in India. These are among the five exclusive reports in column Policy. Column Regulation has four reports.


March 24, 2017: India has 26 sedimentary basins covering an area of 3.14 million square kilometres. The sedimentary basins of India, onland and offshore up to the 400m isobath, have an aerial extent of about 1.84 million sq. km. In the deepwater beyond the 400m isobath, the sedimentary area has been estimated to be about 1.30 million sq. km. The Indian sedimentary basins have been broadly divided into four categories based on their degree of prospectivity as presently known. Click Special Database for details.
Today's News [FREE Access]
Nepal, India to sign new petro supply agreement next week
March 27, 2017: Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) are all set to sign a new petroleum supply agreement next week in a bid to smoothen the supply of petrol, diesel and cooking gas from India. A team of officials of the Ministry of Supplies and NOC is heading to Mumbai, India, on Sunday to seal the   more..


Niti readies draft note on methanol blended fuel
March 27, 2017: Government think-tank Niti Aayog has prepared a draft cabinet note to enable 3 per cent blending of methanol with petrol with a view to reduce dependence on imported fuel. "A Niti Aayog expert committee has prepared a draft cabinet note on methanol blending of petrol and is going to send it to the   more..


RIL to challenge SEBI's order in RPL case
March 27, 2017: Reliance Industries said that in the Reliance Petroleum Limited case, it is going to challenge SEBI’s order, and will appeal to the Securities Appellate Tribunal. The company termed the order as an unjustifiable sanction. SEBI on Thursday had banned RIL and 12 other firms, wherein the case on RIL dates   more..


40-45 MMSCM recoverable gas reserve established in Tripura
March 27, 2017: The Oil and Natural Gas Corporation (ONGC) has established a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM) in the wake of massive exploration drive in Tripura, officials said. "So far, we have drilled 220 wells of which more than 100 wells are operational. Four rigs were set   more..


Indian Government eyes to join Asian grouping to buy LNG
March 27, 2017: To import liquefied natural gas (LNG), Ministry of Petroleum and Natural Gas has now showed interest in joining an elite consortium of China, South Korea and Japan. China National Offshore Oil Corporation, Japan’s JERA and South Korea’s Korea Gas Corporation, earlier this week signed MoU   more..


Oil Ministry rolls out grievance redressal platform
March 27, 2017: Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas, at an event, launched the portal “MPONG e-seva.” The portal is supposed to be a platform on social media, which will address all queries and grievances related to Oil and Gas sector. It is also said to be a platform where the customers will be able to   more..


Welspun gets Trump nod to supply pipes to KeyStone XL project
March 27, 2017: Welspun Group today said that its line pipe project in the US has got the presidential permission to begin work on the Keystone XL pipeline project. The work is being executed by Welspun Global Trade, part of the Welspun Group. “The department of state has signed and issued a presidential permit to   more..


Russian firms invest $80m in solar power project
March 27, 2017: Miyota Power India, a joint venture of two Russian firms, has tied up with Chennai-based Al Ameen Green Energy for setting up 100 MW solar power plant near Virudhunagar. Miyota Power would be investing $80 million in the project. Miyota Power India is formed of two Russian firms, State-owned JSC   more..

Petropulse / Guest Column
Merger Of PSU Oil Companies Will Lead To Modern Day Bhasmasura
Bhamy V ShenoyDo 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 more...

IOG Exclusive
India looks to deepen energy ties with Myanmar
March 1, 2017: The just concluded visit of Indian Petroleum Minister Mr Dharmendra Pradhan to Myanmar came at a good time, as India looks to deepen its energy partnership with its eastern neighbour. There are indeed many areas for the two countries to collaborate, and the relationship has been constrained only by the fact more...

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...

Special Reports
Marketing and Pricing Freedom for CBM small step in a long journey
March 20, 2017: The Cabinet Committee on Economic Affairs (CCEA) has approved the marketing and pricing freedom to Coal Bed Methane (CBM) producers. Also worth noting is that reportedly, if any buyer does not come forward, the contractors can sell the CBM to any of their affiliate entities, though royalty and other statutory more...

H-Energy’s FSRU May face competition from Swan’s FSRU
March 17, 2017: While some of the other players have been creating a lot of noise about the projects they have been executing, one company that has been going about its business relatively quietly is H-energy, which is implementing LNG projects both on India’s western and eastern coasts, at Jaigarh in Maharashtra and more...

TAPI pipeline chances seem remote
March 15, 2017: The Pakistan side is reportedly commencing work on the more...

Deliberations in CERA week focus on Stability in Oil Markets
March 13, 2017: The CERA week recently held at Houston has seen many interesting deliberations. Many of the discussions centered around the future of crude oil and pricing. There was also considerable discussion on the drivers of the global oil market, both from the supply and demand side. What was worth noting more...

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...

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
Gulf Petrochem Appoints Ex-BPCL Director
Rakesh MehraGulf Petrochem Group, has announced that its Board of Directors has appointed Rakesh Mehra as Strategic Advisor for the group. With over 35 years experience in the oil industry encompassing refinery more...

Upendra Tripathy To Head International Solar Alliance
Upendra TripathyUpendra Tripathy, has been appointed interim Director General of the International Solar Alliance which brings together countries with abundant sunshine with the aim of lowering solar energy 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]
Iran Uses Chennai Petroleum As Bargaining Chip?
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Fouling The Air: The Pet Coke Story
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Regulatory Board In Its Death Throes
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Mega Merger A Recipe For Disaster
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Foreign Investment
Oilex Revenues Hit By Bhandup Shut In
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Engie Seeks To Sell Stake In Petronet LNG
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Lubrizol To Buy Another 24% In India Unit From State
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Overseas Investment
Apar Industries Sets Up White Oils Plant In Hamriyah Free Zone
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Gas Scene
LNG Imports FY 2011 -12 to 2016-17
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Natural Gas Demand Projections 2017-18 To 2021-22
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PNG Status
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India’s Natural Gas Scene In January 2017
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Coal Bed Methane (CBM) gas development in India update
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India’s Installed Power Generation Capacity
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LNG Developments
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Update: CGD Factsheet, CNG Stations & Vehicles
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Natural Gas Availability, Sectoral Demand and Consumption (December 2016)
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Update: Price of Domestic Gas
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ONGC’s Shale Exploration in FY 2016
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Gas: Production, consumption and imports - an update
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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Sedimentary Basins in India
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Year wise FDI inflows under P&NG Sector
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Operator-wise Hydrocarbon Discoveries under PSC Regime
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LPG Demand Surges As Overall Petroleum Consumption Dips In January
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ONGC: Deep water drilling and Performance in other offshore basins
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PSU oil companies put up impressive export performance
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Power deficit: Region-wise position for January, 2017
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How much Petroleum Products Will India Need In Next Five Years? An Official Projection?
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Story Behind 4.5 % Drop In Petroleum Products Consumption
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LPG Coverage as on 1st January, 2017
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Status of ONGC’s marginal fields
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Fuel prices in Delhi
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ONGC: Exploration Activities, Reserve Accretion FY 2016
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Status of major crude oil and product pipeline network
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Indias Declining Self‐sufficiency in petroleum products - an update
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Power deficit: Region-wise position for December, 2016
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Tenders [FREE Access]
ONGC
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