Policy
Controversial OVL-Imperial Energy Deal Likely To Be Re-Opened
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Long Distance Yet To Be Covered With Iran Over Farzad Block
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Political Deal Brings Some Respite To OVL In Venezuela
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Govt. Finds Tough Pushing For Increased Usage Of Gas In Transport
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Domestic Politics To Deepen Petroleum Relations With Myanmar, Bangladesh
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Regulation
ONGC To Improvise For Design & Execution To Back Stage-Gate Process
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$13 Billion Rosneft - Essar Oil Deal Facing Further Delay
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Govt.’s New Aviation Scheme Will Boost Jet Fuel Consumption
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Oil India Enters Manipur In Search Of Hydrocarbons
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Alternative Energy / Fuel
A 2G Ethanol Bio-Refinery At Bathinda
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Indizel To Be Sold Through Franchisee -Operated Stations
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New Projects
Petronet LNG Shortlisted For Matarbari LNG-Import Terminal
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BPCL To Set Up Rs 3.37 Bn Pipeline Project In Kerala
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Market Watch
LPG Demand Grows
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Companies
Afcons Infrastructure Ltd
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IGL To Emerge As A Major Independent Player
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MRPL: GRM Up, Highest Ever Turnover And Profits
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CPCL Records Highest Throughput In 2016-17
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Press Release [FREE Access]
Latest Exclusives
May 29, 2017: India is among the top three crude importers in the world and Asia’s largest petroleum products exporter. Official data for April 2017 indicate certain variations. Click column Special Database for details.

May 26, 2017: Despite the disastrous deal like acquisition of Imperial Energy’s assets in Russia, the state-owned ONGC Videsh Ltd (OVL), the overseas arm of upstream major ONGC, has been doing better than the parent company, ONGC, when it comes to return on money invested. It was hit badly by the crash in crude price, but has recovered with an impressive performance in FY 2016-17. India’s acquisition of overseas oil and gas asset has always been led by OVL which later roped in other PSUs. Click column Special Reports for the status of equity oil and gas overseas.

Sarraf Could Win An Extension At ONGC | May 25, 2017: www.indianoilandgas.com does not lobby for any particular individual or company. But it does make predictions in rare cases, sometimes audacious ones. It did so on September 25, 2010 which turned out to be correct in all the three cases. This time round, the prediction is not so definite. Will D.K. Sarraf get an extension of his tenure as CMD of ONGC? We see a strong possibility. If that is to happen, the government may halt the on-going selection process initiated by Public Enterprises Selection Board (PESB). Click Free Access Column Petro Intelligence for details.

Today's News [FREE Access]
IndianOil overtakes ONGC to become India’s most profitable PSU
May 29, 2017: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70% jump in net profit to Rs191.0640 billion in the financial year ended 31 March, 2017. This was   more..


Natural gas no longer profitable business: ONGC
May 29, 2017: Oil and Natural Gas Corp (ONGC) has said that producing natural gas is no longer a profitable business for the company as the government-mandated gas price is significantly below the cost of production. The oil major has sought a review of pricing formula from the government. “Natural gas is no more   more..


Aemetis Inc (AMTX) Downgraded by Zacks Investment Research to “Hold”
May 29, 2017: Aemetis Inc was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, May 15th. According to Zacks, "Aemetis, Inc. is an advanced fuels and renewable chemicals company. It produces renewable chemicals and fuels   more..


Two Offshore Drillers In The Race For The OGNC 3-Year Contracts After Seadrill Drops Out
May 29, 2017: The offshore drilling industry plays an important role in the oil and gas supply chain; no one can deny this basic principle even if the industry is now struggling through a strong downturn. Did you know that oil production from offshore locations represents about 29% of the global crude oil production in 2015,   more..


IGL Profit Up 23% In Fourth Quarter, Sales Up 13%
May 29, 2017: Indraprastha Gas Limited, the supplier of Compressed Natural Gas and Piped Natural Gas in the National Capital Territory of Delhi, Noida, Greater Noida & Ghaziabad today announced its Q4 results. The company’s net profit for the three months ended March increased from Rs. 1089.6 million in   more..


Citigroup among 5 bankers selected for IOC stake sale
May 29, 2017: The government has selected five merchant bankers, including Goldman Sachs and Citigroup, to manage the government's 3% stake sale in IOC which could fetch about Rs 60 billion to the exchequer. The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for   more..


HPCL Q4 net up 31% at Rs 18.19 billion on higher throughput, better sales
May 29, 2017: Hindustan Petroleum Corporation (HPCL) has reported a 31 per cent rise in net profit at Rs 18.1879 billion in the fourth quarter (Q) of the financial year (FY) 2016-17, as against Rs 13.8791 billion during the same period in FY16. The gross sales for the January to March period in FY17 stood at Rs 586.68 billion   more..


Punj Lloyd net loss halves to Rs 1.81 billion in Q4
May 29, 2017: Punj Lloyd continued book losses for the fourth quarter of financial year 2016-2017. According to a filing in the exchanges, the company reported a net loss of Rs 1.81 billion for the quarter. Compared to the same quarter in financial year 2016, the Company has cut losses as it had reported a net loss at Rs 3.96   more..

Petropulse / Guest Column
Energy - Issues Of Concern And Challenges
Dr. Reena Ramachandranby Dr. Reena Ramachandran* | Energy is a fundamental imperative to driving growth. But Energy today cannot be understood only within the paradigm of Production more...

IOG Exclusive
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...

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...

Special Reports
Status Of Overseas Equity Oil & Gas Assets Of Indian PSUs
May 26, 2017: Energy security has been the aim of successive governments in India. As domestic oil and gas reserves were not sufficient to meet the requirement, the government took a deliberate policy decision to acquire oil and gas asserts overseas. The initiative started more than 25 years ago with the formation of ONGC more...

Mozambique gas projects facing major delays
May 11, 2017: LNG actually leaving the shores of Mozambique still seems a long way off; with the recent debt scandal in the country adding to the worries of the Indian companies invested in the African nation. Mozambique seems to be blowing now hot, now cold, at least as far as India is concerned. While the more...

Refinery Performance Improvement
April 21, 2017: The Centre for High technology (CHT) under the Ministry of Petroleum and Natural Gas carried out a Performance Benchmarking Study of 15 public sector Refineries through M/s Solomon Associates for three consecutive cycles 2010, 2012 and the study for 2014. The study reports involved comparison of various Key more...

Shell’s decision not to pursue Kakinada FLNG project serves as a wake-up call
April 5, 2017: In an interesting move, global major Shell, which has been present in India for long through its LNG terminal at Hazira, and is one of the few foreign companies that also has a license to retail petroleum fuels in the country through its large investment in the LNG facility, has indicated that it would not be more...

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...

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
IOC CMD B. Ashok Retires
B. AshokIOC Chairman and Managing Director, B. Ashok, retires on May 31 on attaining the age of superannuation.  more...

Sanjiv Singh Assumes Charge As IOC CMD
Sanjiv SinghSanjiv Singh, director (refineries) of IOC whose appointment as CMD of Indian Oil Corporation has already been announced assumes charge on June 1, 2017. more...

Neil Chatterjee Nominated For Key Federal Energy Post
US President Donald Trump has nominated Indian-American Neil Chatterjee to a key administration position in the Federal Energy Regulatory Commission (FERC), an agency charged with overseeing America’s power grid and deciding on multibillion-dollar energy projects. The nomination of Chatterjee needs to be vetted by 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]
Sarraf Could Win An Extension At ONGC
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Cheap LNG: A Distant Dream
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Sarraf Awarded A New Bailiwick. Why Now?
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Tit-for-tat Threat Looms Over Iran Gas Deals
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Foreign Investment
Aemetis Wins Biodiesel Supply Contract To India
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Matrix Bharat Launches Physical Operations In Mumbai
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Overseas Investment
ONGC Videsh Demands $ 418mn From Sudan
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Gas Scene
CGD entities in India need fresh thinking
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Domestic Natural Gas Scene In April 2017
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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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Sector-wise gas consumption of domestic gas and RLNG - an update
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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 Installed Power Generation Capacity
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LNG Developments
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Data Section
Monthly Upstream Data
Monthly Downstream Data
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Data Archives
Special Database
Variations In Crude & Products Import In April 2017
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PSU Average Distillates Yield (%wt.)
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Operator-wise Exploratory Work under PSC Regime
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Power deficit: Region-wise position for March, 2016
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Development of Hydrocarbon Discoveries under PSC Regime
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Crude price (Indian basket) and Domestic gas price: Month-wise
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Petroleum Industry Marketing Infrastructure As On April 1, 2017
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LPG Consumption Continues To Surge Despite PNG Penetration
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Export of Petroleum Products
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Significant variations in import of crude oil and petroleum products
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Update: Regasification infrastructure
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Expansion of Existing Refineries
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Exploratory Inputs by ONGC and OIL as on 1st January, 2017
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Exploratory Inputs since inception under PSC Regime
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Basin-wise PEL & PML with Pvt./ Joint Venture Companies as on 1st January, 2017
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Basin-wise operative PEL & PML under Nomination Regime as on 1st January, 2017
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Refinery Capacity & Refinery Crude Throughput in recent years
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Tenders [FREE Access]
Indian Oil Corporation
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Reliance Industries
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ONGC
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ONGC
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