Policy
US Emergence As Crude Exporter Positive For Importers
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ONGC In No Hurry To Pull Out Of South China Sea
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ONGC Videsh Should Evaluate Venezuelan Offer On Merit
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ONGC Videsh’s Interest In Israel And Lebanon Does Seem Prudent
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Too Many LNG Regasification Terminals Too Fast?
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Regulation
Oil Producer Files For Bankruptcy
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D.K. Sarraf To Head Downstream Regulator PNGRB?
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India’s Refining Capability Matters A Lot In A Glutted Market
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Misguided Public Anger Blocking PSU Exploration Activities
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MyPetrolPump Wants To Resume Doorstep Delivery Of Fuel
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Alternative Energy / Fuel
Primary and Potential Feedstocks in Asia Pacific Countries
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India Makes Progress In Tapping Non-Conventional Energy Sources
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Research Bodies To Develop Next Generation Fuel Resources
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New Projects
Oil India To Set Up Gas Pipeline To Assam
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Xodus Wins A Contract
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West Coast Refinery’s Complex To Cost Rs 2700 Billion
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Market Watch
MRPL Seeks Distributors For Polypropylene
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Etihad Airways To Get Fuel Directly From Essar Oil UK
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Companies
Oil India Ltd.
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OIDB Seeks Consultant To Rehabilitate Biecco Lawrie
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MRPL Hit By Inventory Loss
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Mexican Firm Invests 1 Bn In Chennai Plant For Pump
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Press Release [FREE Access]
Latest Exclusives
July 26, 2017: Domestic gas scene in June 2017 has some interesting highlights. Production registered an increase over the level in the corresponding month of 2016. LNG import was down and so was the total consumption in June. Click Column Gas Scene for details.

July 25, 2017: Mukesh Ambani-controlled Reliance Industries has been making the highest Gross Refining Margins among Indian refineries and is rated among the best in the world. Even the most modern PSU refinery does not come anywhere near it in terms of GRM. Why? One of the main reasons is that RIL refineries buy crude at a highly competitive price. He goes all the way to Venezuela to buy it. Being a shrewd businessman he would not do so if crude from the Middle East countries is ‘competitive’. But the PSU refineries love to buy it from the Middle East in spite of the premium they have to pay. Obviously, the so-called Asian Premium has a hidden attraction. The purchase of US crude by two Indian PSU refineries is a bold move which will impart some transparency in India’s oil trade. This would not have been possible without a direction from above. Click Free Access Column Petro Intelligence to read an interesting story about Asian Premium.

Column Regulation has a report that D.K. Sarraf will head downstream regulator, PNGRB, on superannuation in September 2017. For the first time an oil producer files for bankruptcy. Column Policy has five exclusive reports.

Today's News [FREE Access]
India’s economy will pick up pace next year: IMF
July 26, 2017: India will stay ahead of China in the growth sweepstakes in 2017 as well as 2018, said the International Monetary Fund (IMF), while retaining the country’s GDP forecast at 7.2 cent for the current fiscal year. According to the IMF’s World Economic Outlook Update, India’s growth is projected to   more..


Is India’s Appetite For Us Crude Oil Sustainable?
July 26, 2017: India, one of the fastest growing oil demand centers in Asia, has added the US to its long list of crude suppliers. Early this month, Indian Oil Corp sealed its first deal to import US crude. This was followed shortly by BPCL's purchase of Mars and Poseidon grades. Sambit Mohanty, S&P Global Platts   more..


Indian government considers domestic gas hub
July 26, 2017: India is planning to set up a national gas trading hub. But while market participants have welcomed New Delhi’s intentions, they are less sure how they will work out in practice. Dharmendra Pradhan, India’s minister for petroleum and natural gas, unveiled plans for a trading hub at the World   more..


Iranian MP Rejects Special Treatment for India in Farzad-B Project
July 26, 2017: Tehran has opened talks with Russia and several other countries on developing Farzad-B Gas Field in the Persian Gulf, a parliamentarian said, indicating that there will be no backdoor deal with New Delhi on the coveted gas project. Indian officials have long argued that they should have preference to develop   more..


Engineering firm Black & Veatch bags contract from Swan LNG
July 26, 2017: Engineering firm BLACK & VEATCH today said it has bagged a contract from Swan LNG to deliver critical elements of India's first floating storage and regasification unit (FSRU) LNG import terminal in Gujarat. The project, which involves delivery of the jetty topside and onshore LNG (liquefied natural   more..


Piped natural gas price hiked by 33 paise per standard unit from Wednesday in Delhi
July 26, 2017: The piped domestic cooking gas in Delhi will now cost Rs 25.19 per scm including VAT. Indraprastha Gas Ltd has hiked the piped gas prices by 33 paise per standard cubic metre in Delhi with effect from Wednesday, 26 July 2017, it said in a notification to its customers. The piped domestic cooking gas in Delhi   more..


Global Crude oil price of Indian Basket was US$ 46.91 per bbl on 24th July, 2017
July 26, 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$ 46.91 per barrel (bbl) on 24th July, 2017. This was lower than the price of US$ 48.10 per bbl on previous publishing day of 21st   more..


IIM Lucknow signs MoU with HPCL to promote energy start-ups
July 26, 2017: Indian Institute of Management, Lucknow (IIM-L) and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) for incubating innovative ideas and business start-ups in the domestic energy sector. Under the tie-up, the selected start-ups would be provided with seed funding   more..

Petropulse / Guest Column
The Fall Of Essar
P. BalakrishnaWith State Bank of India and ICICI Bank clearing the decks for the stake sale to Rosneft and the investment consortium led by Trafigura and UCP, Essar Oil Ltd (EOL), which had once boasted that it was a more...

IOG Exclusive
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...

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...

Special Reports
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...

Shrinking Share of Domestic Oil In Crude Oil Processed
July 4, 2017: The share of domestic crude in meeting the country’s demand for petroleum products has been declining consistently since the 1980s in the absence of a major commercial discovery. This was getting reflected in the crude oil processed by the refineries. During April-May 2017, the first two months of the more...

Launch of the National Data Repository (NDR) positive, but quality of data will be crucial
June 28, 2017: The Government finally seems to have made some progress with the much-awaited National Data Repository (NDR) that is a step towards launching the equally much-awaited Open Acreage policy for hydrocarbon blocks. The NDR will serve as a store for data on India’s sedimentary basins for future use in oil and more...

Iranian agreement with Gazprom is a kick in the backside, but all is not lost for India
June 8, 2017: Despite Prime Minister’s many travels abroad, the Government often seems to be finding itself on the wrong foot as far as India’s international relations are concerned. It has been reported that Iran has signed an agreement of some sort with Russian state-owned firm Gazprom for the more...

Ministry to look more closely at ONGC, OIL’s performance in nominated blocks
June 7, 2017: It appears that the Ministry of Petroleum and Natural Gas (MoPNG) has established special review committees to monitor the performance of the nominated blocks handed over the years to PSU upstream companies ONGC and Oil India Ltd (OIL). Apparently these committees will be headed by the upstream 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
Philip Turner Gets New Assignment
Philip TurnerVedanta Limited has appointed Philip Turner as its Head - Sustainability, in addition to his existing responsibility as Group Head - HSE (Health, Safety and Environment). Phil has broad expertise in more...

Subhash Chandra Garg Is Secretary, Economic Affairs
Subhash Chandra GargSubhash Chandra Garg, has assumed office as the new Secretary, Department of Economic Affairs, Ministry of Finance. GARG belongs to the 1983 batch, Rajasthan cadre of the IAS.  Garg 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]
Asian Premium: Will It Crack As Supply Basket Widens?
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Promise Of Free Gas Pricing: Trigger For RIL-BP Announcement?
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Gas Lobby Clouds Pipeline Option
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PLL Must Rediscover Its Roots
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Foreign Investment
UAE Company Enters Indian Market With Lubricants
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Morris Lubricants sets up Indian subsidiary
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Overseas Investment
India Invited To Bid For Israeli Gas Exploration License
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Gas Scene
Domestic Natural Gas Scene in June 2017
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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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Update: Gas Production / Consumption / Imports
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Gas pipeline network update as on 31st March, 2017
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Assessment & Status: Shale Gas / Oil Resource
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In search of areas to increase share of natural gas in energy mix
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Gas for Power- No inclusion in Policy
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Recoverable Coal Bed Methane Reserves as on 1st April, 2016
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Estimated Potential Gas Demand - Diesel & Petrol Replacement
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CGD entities in India need fresh thinking
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Coal Bed Methane Resources in India
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State-wise GA-wise CNG Consumption during 2016-17
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India’s Gas Pipeline Status and the Initiatives
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Update : Capacity Utilization of LNG Regasifcation Terminals
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Coal Bed Methane (CBM) Gas Development in India
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CGD Factsheet as of March 2017
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Weightage of petroleum products in Wholesale Price Index (WPI)
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Update: Crude Price - Indian Basket
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Contribution of petroleum sector to exchequer
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Revised Hydrocarbon Reserves in India
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Status of blocks under NELP as on March 31, 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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Ethanol Demand Projection For Asian Countries
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Petroleum Coke Continues Relentless Surge In Indian Market
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Power deficit: Region-wise position for May, 2016 (% deficit)
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No Of Auto LPG Dispensing Stations (ALDS)
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Gross Refining Margins (GRM) of Indian refineries ($/bbl) for last two fiscals
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Market Capitalisation of Oil & Gas PSUs
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Falling Domestic Crude Production and Rising Overseas Production
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Specific Energy Consumption (MBN) - Industry Average
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Cost Comparison of traditional fuels and alternatives
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ONGC’s Reserve Accretion Performance
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Uptrend In High Sulphur Crude Processing Continues
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Variations In Crude & Products Import In April 2017
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Tenders [FREE Access]
Indian Oil Corporation Limited
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ONGC
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