Policy
Hindustan Petroleum Corporation Limited
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India Sourcing Crude Oil From Russia Appears Some Way Off
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Indian Investments In Mozambique May Be Affected By Low LNG Prices
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ONGC Videsh Keen To Enter Canadian Oil Sands
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Lack Of Consistency Affecting Diesel
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Can NE India Sustain 6 MT Additional Refining Capacity?
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Regulation
ONGC Drilling Deeper In Deep Waters
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GSPC May Drastically Scale Down E&P Involvement
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Court Verdict On Cairn India Plea To Impact Oil Sector
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MoPNG Seeks $246 Million Profit Share From Reliance Industries
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Claims & Counterclaims On LPG Subsidy Saving
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Alternative Energy / Fuel
Biodiesel Manufacturers Seek VAT Relaxations
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Biodiesel Blending Program Has Finally Begun
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New Projects
L&T To Partner GE To Manufacture Subsea Equipment
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New Gas Pipelines To Connect Bangladesh And India
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Chennai Petroleum Plans $3 Billion Expansion
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HPCL To Set Up Asias Biggest LPG Bottling Plant In West Bengal
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IOC To Set Up Styrene Project
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Market Watch
Myanmar A Market For Indian Fuels?
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Companies
Standard Greases & Specialties Pvt Ltd
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ONGC Launches Start-Up Fund
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Lubrizol And Astral Terminate Agreements
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Tide Water Accepts Standard Greases As Co-Promoter
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Press Release [FREE Access]
Latest Exclusives

August 23, 2016: Essar Oil has indicated it wishes to expand its fuel retail business. This may result in the consumer benefitting, but only if the company proceeds with its intentions. Click Special Reports for details.


August 22: Gas-based power generation capacity is only 8% of the total whereas renewable constitute 14%. Declining domestic gas production and high priced LNG contributed to the sliding consumption. PLF also fell drastically. Click Gas Scene for details.

August 19, 2016: India is short of natural gas and the demand gap is met through imported LNG. Upstream major ONGC produced a total of 22.530 BCM of gas in FY 2015-16 of which 647.4 MMSCM was flared. This accounts for 3.06 per cent of the total production. The rate of flaring has been coming down consistently over the years. Click Column Gas Scene for details of gas flaring by ONGC in FY 2015-16.

August 17, 2016: LPG used by the domestic sector for cooking is a subsidised item. The government has initiated a process of reducing the subsidy burden marginally every month so that the impact is not felt by the consumer but at the same time the subsidy gets reduced over a longer period. Click column Special Database for the share of taxes, if any, in the Retail Selling Price (RSP) of LPG. 

August 16, 2016: We have already uploaded updated figures regarding gas production, consumption and imports. The government decides who should consume how much gas. In gas allocation, it gives priorities to sectors like fertilizer, power and city gas distribution. This restriction does not apply to those who can directly import LNG for their consumption. We have collected figures regarding sector-wise consumption of domestic gas and RLNG up to March 2016. Click Column Gas Scene for details.
August 10, 2016: Whatever be the recommendation of the A.P. Shah Committee on the quantum of compensation for the gas ‘migrated’ from ONGC’s block in KG offshore to adjacent block of Reliance Industries, it cannot be a matter of great national importance. It is essentially an issue between ONGC and RIL and both being giants are capable taking care of their interests. But the Committee’s findings on the role played by the two regulators in the torrid gas migration saga can have a tremendous impact on the country’s regulatory system. The ONGC management headed by D.K. Sarraf may come in for some roasting if the charges levelled against the regulators turn out to be baseless. On the contrary, if the charges are backed by evidence and ONGC succeeds in establishing collusion, the regulators will have to face the music in the twilight zone of their lives. Click column Petro Intelligence to read an exciting piece.
Today's News [FREE Access]
Essar Oil eyes LPG business
August 23, 2016: In the non-subsidied LPG distribution business, Essar Oil looks to target customers with an annual income of Rs 1 million and above. Oil refiner, Essar Oil Ltd, wants to enter the liquified Petroleum gas (LPG) distribution business in the country, said an Essar Oil official on Monday. Mahesh Advani, head of   more..


Hindustan Petroleum Profit Grows 30% in First Quarter, Domestic Sales Volume Rises
August 23, 2016: Hindustan Petroleum Corporation Ltd., posted a 30 percent profit growth in the first quarter of financial year 2016-17, beating street estimates. Net profit for the April-June period rose to Rs 20.984 billion from Rs 16.141 billion in the corresponding period of the previous year. The consensus of estimates   more..


OVL gets another extension to continue operations in South China Sea block
August 23, 2016: ONGC Videsh Ltd (OVL) will continue exploration in its South China Sea hydrocarbon block awarded by the Vietnam government, after it got a fresh extension. The previous extension for block No.128 lapsed on 15 June. This comes in the backdrop of Beijing’s claims over most of South China Sea rejected by   more..


Gail to use fuel cell technology to generate clean energy
August 23, 2016: For this, the company has partnered with the US-based Bloom Energy, which provides solid oxide fuel cell technology that generates onsite power from multiple sources. Gail India Ltd will partner with the US-based BloomEnergy to deploy natural gas-based fuel cell technology to generate clean and   more..


Greenfield refinery in TN to meet fuel supply shortfall?
August 23, 2016: Expecting a fuel shortage in Tamil Nadu and other parts of South India, a report on logistics bottlenecks by the Shipping Ministry proposed setting up a new refinery in the central part of the State, near the coast between Cuddalore and Karaikal. Besides Tamil Nadu, a greenfield refinery is also being planned   more..


Gulf Petrochem to distribute IPOL lubricants in UAE & Oman
August 23, 2016: For this, the company has partnered with UAE's NGC Energy and Oman's National Gas Company SAOG. The UAE-based Gulf Petrochem will distribute Indian subsidiary GP Petroleums Ltd’s IPOL brand of lubricantin the UAE and Oman, in partnership with NGC Energy and with National Gas Company SAOG in Oman   more..


Cochin Shipyard launches Large Deck Cargo for Abu Dhabi's NPCC
August 23, 2016: A Large Deck Cargo built for Abu Dhabi-based National Petroleum Construction Company (NPCC) was launched by Cochin Shipyard here. It was launched at an event, considered to be one of the milestone events in the life of a vessel as it touches water for the first time, at the building dock in Cochin Shipyard   more..


Global Crude oil price of Indian Basket was US$ 48.02 per bbl on 19th August, 2016
August 23, 2016: 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$ 48.02 per barrel (bbl) on 19th August, 2016. This was higher than the price of US$ 47.75 per bbl on previous publishing day of   more..

Petropulse / Guest Column
Oil Market In Technical Mode
Ravinder KumarThe $26 per bbl oil price seen in Feb, 2016 is behind us and currently, the market is in technical mode. If WTI crosses $51.5 bbl & Brent $53.5/bbl in next few days or weeks, we should be seeing oil prices more...

IOG Exclusive
Indian firms continue to look at Russia’s oil and gas fields
August 4, 2016: In view of the current Indian interest in Russia, driven no doubt by both relatively low crude oil prices resulting in lower asset valuations as well as a relatively cheaper Rouble, Indian companies in recent times have been making moves in Russia. Flagship PSU ONGC Videsh Ltd (OVL) has more...

Mega merger of PSU oil firms may not be a great Idea
July 27, 2016: The Government is reportedly considering a proposal for a rather ambitious plan to merge as many as 13 PSU petroleum sector firms to create a single integrated entity that could be one of the largest companies in the world, perhaps competing with the US conglomerate General Electric in the Fortune-500 ranking. more...

News from Brazil not that good for Indian consortium
July 8, 2016: Recent news from Brazil is none too good for the Indian consortium that is working with the Brazilian National Oil Company (NOC) Petrobras. After a massive corruption scandal and other issues engulfed the Brazilian firm, now apparently it has intimated the Indian partners of a large delay in one of the blocks more...

Haldia Petrochemicals Seeks Permission To Market Motor Spirit
June 6, 2016: The Purnendu Chatterjee-controlled, Haldia Petrochemicals, has applied to the Ministry of Petroleum and Natural Gas (MoPNG) for permission to market motor spirit (MS). The application is on the strength of its investment in petrochemicals. The government policy permits companies with an investment more...

India Launches Fresh Exercise To Assess Hydrocarbon Resources
June 1, 2016: India’s prognosticated conventional hydrocarbon resources in its 15  sedimentary basins had been estimated at 28.1 billion metric tons of oil and oil equivalent of gas. Of this, offshore accounts for 18818 million tons and on-land 9270 million tons. Within offshore, Mumbai tops with 9190 million more...

Cochin Shipyard’s Maiden LNG Ship May Turn Out To Be Very Costly
May 31, 2016: With L& T and Anil Ambani-owned Reliance Defence opting out of the race for building LNG carriers for GAIL, the state-owned Cochin Shipyard Ltd (CSL) is the only domestic yard destined to do the job. The government has been persuading all the three yards with the intention of giving them order for one ship more...

Saudi Aramco May Invest In Bathinda Refinery
May 5, 2016: Prime Minister Narendra Modi has been trying to persuade oil companies from the Middle East to invest in India. He is also equally keen that Indian companies get stakes in oil and gas fields in Middle East countries. Saudi Aramco, the state-owned oil major of Saudi Arabia, was the first to evince more...

Special Reports
Essar expanding its fuel retail business could help retail consumers
August 23, 2016: Recent news indicates that Essar Oil is looking to expand the number of retail pumps in its network to over 5,000 over the next year to 15 months. This will mark a more than doubling of its existing number of units. Also worth noting is that this intent comes at a time when the Essar promoters more...

Petronet LNG looking to expand beyond Indian shores
July Prabhat Singh19, 2016: Petronet LNG Ltd (PLL), India's biggest importer of liquefied natural gas (LNG), is apparently looking to expand its horizons and take its core expertise of operating LNG terminals more...

Kerosene reform could be the biggest reform in the Oil and Gas sector
July 12, 2016: The current Government has taken forward a number of reforms introduced by the previous UPA dispensation. But any reform in the kerosene subsidy system is clearly its biggest challenge due to a variety of reasons. After taking forward the reforms introduced by the previous UPA Government on more...

Changing Configurations, Complexity Of India’s Public Sector Refineries
July 5, 2016: The capacity, configuration and complexity of the refineries have undergone major changes with phase-wise capacity expansion and modernization. Starting with a simple hydro skimming refinery configuration in 1950s, comprising simple crude oil distillation, naphtha/kerosene/ATF treatment and more...

PSU Refineries’ Performance Improvement Program
June 23, 2016: Refineries in India were almost totally in the public sector for long. Some of them were built to process locally produced crude and the capacity of the refineries  in tune with the local crude availability. The refining technology happened to be from the erstwhile Soviet Union which was not always the more...

India’s Refining Capability & Latin America’s Heavy Crudes Make Formidable Combination
April 14, 2016: India is strong in its refining capacity. Latin America is rich in heavy crudes. In addition to being an emerging demand centre, India is a refining hub with state of art refineries located on the west coast capable of refining heavy crudes from Latin America and Carribean region (LA&C).   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...

Oil Slick Ahoy! The surge potential of oil prices is hard to assess, but we must prepare for a 10% increase over 2011 levels
The recent surge in crude oil prices is a whollyunpleasant development. Oil prices had increased by 30% in 2010 and by another 40% in 2011. It was a reasonable expectation that in 2012, notwithstanding the slow pace of growth in the developed world and some slowing in growth in the developing world too, oil prices would more...

Personalities
Ashish Gaikwad To Lead Honeywell Businesses In India
Honeywell Automation India Limited has announced that Ashish Gaikwad has been appointed as its managing director effective October 1, 2016. Gaikwad succeeds Vikas Chadha, who was recently named president, Honeywell India. Ashish is expected to strategically lead HAIL to continued growth in the more...

T. Natarajan Appointed Joint MD at Gujarat State Petronet
Dr. T. Natarajan, IAS has been appointed Joint Managing Director of Gujarat State Petronet Limited. Natarajan, who belongs to the 1988 batch of IAS, had served as Joint Managing Director of Gujarat Narmada Valley Fertilizers & Chemicals Limited since June 2006. Natarajan worked in Industrial more...

Pandya Takes Over As Asset Manager Of ONGC Mehsana
VJ Pandya, Executive Director, has taken up the mantle of Asset Manager of ONGC Mehsana. Prior to this assignment, he was the first Chief Drilling Services (Onshore) of ONGC. Pandya, known for his techno-managerial capabilities, is credited with deployment of innovative approach and new technology to arrest decline in output more...

Raj Shah Named Chartered Scientist Of Engineering Body
Raj Shah, director of Koehler Instrument Company, based in Holtsville, NY, was recently named Fellow of Energy Institute and the Society of Tribologists and Lubrication Engineers, and elevated to the status of Chartered Scientist. The honour was given to Shah, a Penn State chemical engineering alumnus, at the 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]
Gas Migration: Collusion Or Laxity?
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Gas Migration Case: Regulators In The Dock
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Nagarjuna Refinery Awaits A Nudge From The Top
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In E&P, Big is Beautiful
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Foreign Investment
Cairn Energy Initiates Arbitration Seeking Compensation
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Overseas Investment
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Gas Scene
Gas - based power capacity / consumption
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Gas flaring by ONGC in FY 2015-16
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Sector-wise consumption of domestic gas and RLNG up to March 2016
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Update: Gas - Production, Consumption & Imports
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Update: PNG Consumers, CNG Price Vs Petrol/Diesel Price In Delhi
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Update: CGD Factsheet
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Sliding Spot LNG Price, Rising Fuel Oil Price
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Update of Gas Pipelines Under Construction
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Natural Gas Production in North Eastern States for the last 5 years
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Gas Demand Projections For Current & Next Two Fiscal Years
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India’s Slowly Growing National Gas Grid
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India’s Gas Hydrate Program
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LNG Imports
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Status of City Gas Distribution Networks in India
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Recoverable Coal Bed Methane Reserves as on 1st April, 2015
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Update: CNG Price vs. Petrol/Diesel Price Delhi
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Share of taxes in RSP of domestic LPG effective 1st June 2016 at Delhi
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Story Of Indias Petroleum Products Surplus
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Share of taxes in RSP of diesel effective from 1st June 2016 at Delhi
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Share of taxes in RSP of petrol effective from 1st June 2016 at Delhi
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Update: Specific energy consumption (MBN number) of PSU refineries
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Update: Hydrocarbon Reserves in India
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Update: Distillate Yield Of PSU Refineries
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Update: Imported crude & domestic crude oil processing
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Retail Selling Price (RSP) & % of taxes in RSP of petrol
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Crude Price (Indian Basket) since April 2015
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Retail Selling Price (RSP) of major petroleum products in India & neighbouring countries
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Number of Bottling Plants and Bottling Capacity State-wise, Plant-wise
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Shrinking Domestic Share In Rising Demand For Crude & Products
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Update: Domestic oil & gas production vis a vis overseas production
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Update: LPG Marketing Network at a glance
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