Policy
Crude Oil Prices Begin To Bite
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Farzad-B Field Saga Resembles A Ping-Pong Game
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As Govt. Dithers, Supreme Court Bans Use Of Pet Coke, FO
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Indiaís Integrated Oil Industry Structure Goes
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Unstated Policy Emerges On Private Sector Defaulters In Petroleum Sector
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Regulation
ONGC To Seek Alliances To Develop New Resource Type
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ONGCís Sets New Record In Well Completion & Testing
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Land Acquisition For Gas Pipelines Provokes Public Fury
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Largest Petro Products Exporter Is A Major Importer As Well
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Alternative Energy / Fuel
Cabinet Revises Price Of Ethanol For Blending With Petrol
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OMCs To Procure 3130 Million Litres Of Ethanol
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New Projects
RIL Awards Contract To McDermott
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AG&P Develops India LNG Terminal At Karaikal
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Kenya Signs Agreement For Crude Oil Pipeline Study
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IOC To Augment Pipeline Capacity
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Market Watch
Market Survey On Retail Demand For Petrol And Diesel
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Companies
FUGRO N.V.
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Fugro Starts Seismic Offshore India
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ONGC Finds Oil, Gas In Offshore KG Basin
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Press Release [FREE Access]
Latest Exclusives

November 23, 2017: Indian refineries continued to make impressive Gross Refining Margin (GRM) during the quarter ended September 30, 2017. India's Financial Year begins on April 1. We have uploaded the GRMs of the refineries during April-September 2017. Refineries in the North East enjoy exemption from excise duty. Their GRMs with and without excise duty are given separately. Click column Special Database for details.


November 22, 2017: Natural gas refueling stations are growing adding another 21 stations to the previous count. More than 150,000 NGVs were added in the last few months; and over 400,000 domestic customers were added. Click Gas Scene for CNG Stations, Vehicles and CNG Sales update. 

November 21, 2017: The state-owned, Indian Oil Corporation (IOC), is india's largest Oil Maketing Company (OMC). It leads in refining market share, refining throughput, capacity utilization and distillate yields. It keeps changing the crude mix for higher profitability. Click column Special Database for details.

November 20, 2017: In the government's scheme of things for the petroleum sector, Hindustan Petroleum Corporation Ltd (HPCL), the state-owned, Oil Marketing Company (OMC), is to merge with the upstream major ONGC. The process of ONGC acquiring the government stake in HPCL is to begin shortly. How did HPCL perform over the years? Click column Special Database for details.

November 10, 2017: Indian Oil Corporation (IOC) is a giant. Being a New Delhi-based company with its headquarters close to Shastri Bhavan which houses the Ministry of Petroleum and Natural Gas, it has been wielding enormous political clout as well. In comparison, Gas Authority of India Ltd (GAIL), the only PSU in the mid-stream sector, has been finding its growth stymied every time it seeks to expand its activity. It was the first to seek permission for a LNG regasification terminal on the west coast, but the project was snatched away by the powerful Enron. LNG imports should have been its legitimate activity, but the Ministry of Petroleum and Natural Gas opted to create Petronet LNG Ltd in which GAIL is only one of the four public sector promoters. Now, IOC’s aggressive LNG strategy is undermining GAIL’s supremacy in the gas sector. B.C. Tripathi, GAIL’s CMD who provided a dynamic leadership to the company during his first term, seems to be facing an existential crisis. Click Free Access column Petro Intelligence for details.

Today's News [FREE Access]
Indiaís top court upholds ban on petroleum coke in New Delhi area
November 23, 2017: India’s top court on Wednesday upheld the ban on use of petroleum coke in and around New Delhi as the country battles to clean the air in its capital, one of the world’s most polluted cities. India is the world’s biggest consumer of petroleum coke - a dirtier alternative to coal composed   more..


Indian crude breaches $60 a barrel; are excise cuts coming?
November 23, 2017: With crude oil going above $60 a barrel and the Organisation of the Petroleum Exporting Countries (OPEC) expected to extend output cuts later this month, the Indian government faces a difficult decision to renew the excise reduction on transport fuels in this election season. The Indian basket, comprising   more..


Indian Oil Corp studies renewed Venezuelan crude purchases
November 23, 2017: Indian Oil Corp is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm. The OPEC-member’s economy has collapsed since crude prices plummeted in   more..


OMCs ready to supply Euro-VI fuel to improve Delhiís air quality: IOC
November 23, 2017: The Euro-VI grade petrol and diesel will be supplied to the national capital by three oil PSUs from their refineries at Mathura, Bina and Bhatinda from April to help it fight the alarming levels of air pollution. "We will be able to meet the requirement of Delhi from April 1," IOC Chairman Sanjiv   more..


Bio-diesel sales come to a halt on higher GST rate
November 23, 2017: Government entities, including railways and oil companies, and retail consumers have almost halted procurement of bio-diesel following a sharp spike in price under the goods and services tax (GST) regime. The development comes at the time when several Indian cities are battling severe pollution and   more..


Indian Oil sets up Indiaís first electric vehicle charging station
November 23, 2017: Indian Oil Corporation (IOC) has announced launch of nation’s first electric vehicle charging station at a petrol pump in Nagpur. IOC, in collaboration with Ola, hasa launched the country’s first electric charging station at one of its petrol-diesel stations in Nagpur, a company statement said.   more..


Global Crude oil price of Indian Basket was US$ 60.95 per bbl on 21st November, 2017
November 23, 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$ 60.95 per barrel (bbl) on 21st November, 2017. This was higher than the price of US$ 60.86 per bbl on previous publishing day   more..


Conference To Promote Use Of Ethanol
November 23, 2017: The central government’s policy of blending petrol with ethanol was formulated in 2000. “It was then decided to blend petrol with up to 5% of ethanol, and the target was to be achieved in the next four years. However, at present, only 2.6% of blending is taking place,” said former central   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
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...

Just who is buying up Essar Oil and what does it mean?
August 16, 2017: In October of last year, the billionaire Ruia brothers inked in a deal to sell a 98% stake in Essar Oil in an effort to draw down the debt pile of Essar Group. The consortium of buyers for India’s fifth largest oil and gas company, consists of Russia’s largest oil producer, Rosneft, which will more...

Draft National Energy Policy
July 5, 2017: Niti Aayog is the government's think tank on economic policies. It has come in place of the Planning Commission which played a crucial role in India's economic planning since the 1950s. Niti Aayog has come out with a Draft National Energy Policy which will be debated for a while before a policy is finalised. The previous 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
Engineers India Announces New Chairman And MD
Ajay DeshpandeThe Ministry of Petroleum and Natural Gas has appointed Ajay Deshpande, Director (Technical), Engineers India  Ltd as Chairman and MD of the Company with effect from 1 November 2017. more...

Subhash Kumar To Be ONGCís New Director (Finance)
Subash KumarThe Public Enterprise Selection Board (PESB) recommended Subhash Kumar, former Director (Finance) at Petronet LNG Ltd, for the post of Director (Finance) at Oil and Natural Gas Corporation more...

BV Rama Gopal Recommended For IOCís Director (Refineries)
BV Rama GopalThe Public Enterprises Selection Board (PESB) has recommended B V Rama Gopal for the post of Director (Refineries) at Indian Oil Corporation. Gopal is presently working as ED (In-charge) of more...

R K Mohapatra Recommended For IOCís Director (HR)
R.K MohapatraThe Public Enterprises Selection Board (PESB) has recommended R K Mohapatra, Executive Directors (EDs) for the post of Director HR at Indian Oil Corporation. R. K. Mohapatra currently serves as Executive 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]
IOC Set To Undermine GAILís Role n Gas Business
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Fracas Over Farzad: Need To Sideline The Hotheads
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Why Demand Projections Are All Gas
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Refinery Plan Masks Ego Battles
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Foreign Investment
Kuwait Company Proposes A Refinery In India
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Oilex Seeks Extension Of PSCs
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Overseas Investment
Indian PSUs Looking For Gas Assets Overseas
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Gas Scene
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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BPCL upstream blocks and assets in India and overseas
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Domestic Natural Gas Scene : September 2017
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ONGC Asset-wise gas flaring in FY 2016-17
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Source-wise LNG Imports for August 2017
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Coal Bed Methane (CBM) gas development in India
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Gas Pipeline Under Execution / Construction as on 31st March, 2017
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LNG Imports In July 2017
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Domestic natural gas price and gas price ceiling
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SAGE-EIL Presentation: Middle East to India Deepwater Pipeline
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ONGC Gas Flaring for FY 2016-17
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Petronet LNG Ltd looks set to expand its wings
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Source-Wise Imports of LNG In June 2017
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Sector-wise utilisiation of domestic gas and RLNG
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The GST Double Whammy For Gas Sector
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ONGC, OIL step up drilling shale wells in the fourth quarter FY 2016-17
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Gross Refining Margins (GRM) of refineries (April - September 2017)
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IOC - Refining market share, Refining throughput, Capacity utilization and Distillate yields
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HPCLís Performance Over The Years
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Long Term Growth Strategy & Strategies to Achieve 2030 Aspirations
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Uptrend in ONGCís Offshore Crude & Gas production
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Monthly average price of Indian crude basket from August 2016 to August 2017
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Power Situation In September 2017
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Region wise percentage share of crude oil imports: April-September 2017
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Status Of Oil Indiaís 4 Major Overseas Assets
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Story Of ONGC Reversing Production Trend In Onshore
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HPCLís Consolidated profit and market capitalisation
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Paradip RefineryĖ Salient Features
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OIL: Finding, Development & Production Cost
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IOCís R& D Activitie
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IOCís E&P assets
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OILís Overseas Assets
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Key Features of HPCL Refineries
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ONGC: Seismic Survey Acquisition Performance - Q1 FY 2017-18
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ONGC: 19 Production Projects Under Implementation
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Tax Element in Retail Selling Price of Petrol & Diesel: Developed Countries vis-a-vis India
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ONGC Rigs position as on April 1, 2017
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Petrochemical Import by India -2015-16
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ONGC: Drilling Cost
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Tenders [FREE Access]
ONGC
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GAIL
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