Hidden Forces Are Scuttling Increased Gas Production On East Coast
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ONGC Videsh: Winner’s Curse In Venezuela?
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Marketing Margin For Gas: Reliance, BG, Auditors, Petroleum Ministry Differ Sharply In Perceptions
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The NELP Dilemma before MoPNG
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Coal Ministry Wants CBM Mines Back
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Move To Amend PNGRB Act: Regulator Blasts Petroleum Ministry For Trying To Curb Its Powers
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Auditors Sharp & Tannan Criticize BG-led PMT JV For Not Keeping Separate Books Of Accounts
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RIL Justifies Revised CAPEX Of KG D6
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D6 Was Audited For FY 2000-01, 2001-02, Says Ministry
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Canoro Resources Seeks Regulator’s Permission To Raise Finance From Banks
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UNICA Requests Government To Remove Import Duty On Ethanol
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PY-3’s Phase-III Development May Cost Up To $ 350 Million
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IOC, NTPC, ONGC Are Likely To Get'Maharatna' Status Soon
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Sime Darby
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BPCL Offers To Export Heavy Domestic Crude
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Essar Oil plans Rs 40 billion investment for CBM blocks
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ONGC Energy Trust Plans LED Project
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March 11, 2010 : After the prolonged duel, the Ministry of Petroleum and Natural Gas and the downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), headed by L. Mansingh, seem to be readying for a truce. The new secretary of the ministry, S.Sundareshan, is understood to have decided to put on hold the move to amend the PNGRB Act. Click IOG Exclusive for details
March 11, 2010 : PetroFed Criticises Negative Tariff Protection to Refineries In its Post-budget Memorandum. Click Column Views for details.
March 10, 2010 : A highly sensitive exclusive report on 'Hidden Forces Scuttling ncreased Gas Production On India's East Coast'. Click column Policy for details. The inside story of Sarthak Behuria's Fall From Grace. Click free access column Petro Intelligence. Downstream regulator blasts petroleum ministry's move to amend PNGRB Act. Click column Regulation for details.
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Government not to sell stake in IOC, ONGC
 March 11, 2010 : The government has no immediate plans to sell stake in state-owned Oil and Natural Gas Corp (ONGC) and Indian Oil Corp (IOC), Petroleum Secretary S. more..
RIL leases ultra-deepwater drillship for exploration
March 11, 2010 : Reliance Industries has leased a brand new ultra-deepwater drillship to boost its eastern offshore exploration campaign. "The new-build ultra-deepwater drillship Dhirubhai Deepwater KG2... commenced operations for RIL in India under a five-year drilling contract," Transocean Ltd, which built the more..
Essar-led group protests fresh levy on oil exploration
March 11, 2010 : The government will consider signing a contract with Essar-led consortium to produce oil from Ratna & R-series fields only when the bidder agrees to pay statutory levies at current rates. Essar is insisting to pay cess and royalty at old rates, which would mean about $1-billion loss to the public more..
Essar to ink Ratna output deal in Q1
March 11, 2010 : Essar Energy, part of the Essar group, expects to take the first step towards commercialising its largest oil reserve in three months. The unlisted company expects to sign the production-sharing contract (a precursor to actual development work) for its Ratna block in the next quarter and start production by more..
More losses for oil companies as price rise option closes
March 11, 2010 : Even before the start of the new financial year, the spectre of rising losses during 2010-11 has begun to haunt the three state-controlled oil marketing companies that account for over 90 per cent of the country’s retail petroleum products market. Indian Oil Corporation (IOC), Hindustan Petroleum more..
Shell stops gasoline sales to Iran: Trade
March 11, 2010 : Oil major Royal Dutch Shell has stopped gasoline sales to Iran, oil traders said on Wednesday, the latest addition to a growing list of firms that have halted supplies under threat of future US sanctions. The Anglo-Dutch oil firm will join the likes of BP, Reliance Industries, and independent Swiss trader more..
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A Recipe For Disaster For OMCs
 Competition from fleet-footed private sector rivals has usually spelt doom for the ponderous public sector behemoths.
The entry of more...
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Petroleum Ministry Initiates Move To Notify Section 16 Of PNGRB Act
 After the prolonged duel, the Ministry of Petroleum and Natural Gas and the downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), headed by L. Mansingh, seem to be more...
Cairn Energy Negotiates Biggest Ever Reserve Based Rupee Term Loan, To Hypothecate PI In Rajasthan Project.
 Cairn Energy India has negotiated a huge loan from a consortium of Indian banks to finance its Rajasthan project. Cairn is required to hypothecate its participating more...
ONGC Seeks Extension Of Bid Validity By Two Weeks, NOA Date For B-193 Sub-sea Pipeline To Be Extended Today
The process of seeking extension continues. ONGC's tender committee has already asked bidders to extend their bid validity by two weeks with effect from today ( March 8). The date for Notification Of Award (NOA) too expires today. It is expected to be extended at least by a week.
The delay is mainly on more...
Cairn-led Consortium To Launch Drilling Program To Arrest Production Decline At Ravva.
The Cairn Energy-led consortium in which the state-owned ONGC is the largest stake holder has finalised a $ 80 million drilling program to enhance production from Ravva field on the east coast. The program includes drilling of two new infill wells and sidetracking three of the existing wells. Both the infill wells will be more...
Swiber Asked To Submit Fresh Clarifications On March 5.
As reported by www.indianoilandgas.com, ONGC's Tender Committee on Tuesday wrote to Swiber asking for clarifications for the third time regarding its bid for the sub-sea pipeline job of B-193 project. Swiber has to submit the clarifications on March 5.
Sources say the Tender Committee is in a fix as it had more...
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Analysis of the Budget on Oil and Gas Sector
For those expecting the Budget to provide clarity on the way forward on oil-price de-regulation post the submission of the Kirit Parikh Committee report, there was precious little. The Finance Minister merely stated that the Petroleum Minister would look into the recommendations in ‘due course’. This served as a more...
Energy Expert Surya P. Sethi Blasts His Former Boss Kirit Parikh and His Report, Exposes Petroleum Pricing Myths
 An article by Surya P. Sethi, former Principal Adviser Energy in the Planning Commission, helps bust several myths surrounding the hydrocarbon industry in India even as it blasts the more...
The Kirit Parikh Committee Report: No Surprises
As expected, the report of the Kirit Parikh Committee does not contain any surprise. Will the report be accepted or will it go down as another wasteful exercise as its predecessors?
The Kirit Parikh Committee has submitted its report to the Government and given the reputation of the man heading more...
ONGC’s IOR /EOR Schemes,Their Financial Implications
 The state-owned, Oil and Natural Gas Corporation (ONGC), has initiated various IOR/EOR schemes to sustain production from its ageing fields. With the help of these schemes, its production till now more...
India’s Existing Storage Capacity For Crude & Products
www.indianoilandgas.com on December 25, 2009 carried two articles on crude storage capacities. One dealt with the additional domestic capacity required and the other on making India a regional storage hub. We have now obtained details of the existing storage capacity, both in the public and private sectors.
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Interview with Rajeev Sharma, M.D, Adani Energy
Rajeev Sharma knows gas business better than many in the petroleum sector. As founder MD of the highly successful Indraprastha Gas Ltd (IGL), he demonstrated his dynamism and business acumen. He left GAIL (India) to join the rapidly expanding Adani Group to head its energy company, Adani Energy which again is a great success more...
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PetroFed Criticises Negative Tariff Protection to Refineries In its Post-budget Memorandum
PetroFed, an organization of all petroleum companies in India, has reacted to tax proposals in the union budget presented to parliament on February 26.
Stranding of customs paid on import of crude oil. It has analysed the adverse impact some of these proposals will have on the petroleum more...
Decontrol Oil Prices : Stand Firm Against Mindless Opposition
The Budget has prepared the ground for decontrol of fuel prices. On the face of it, what the finance minister did was to pass the buck to the petroleum minister, who, said the FM, would decide on the Kirit Parikh committee’s recommendations to free up diesel and petrol prices and reduce the subsidy on LPG and kerosene. more...
Will Deregulation In Oil Sector Benefit Consumers?
 Impact on agriculture and the poor need to be considered
The Unsustainability of the Pricing regime for petroleum products being followed more...
Fuel For Thought: Oil price decontrol won’t impact people adversely
The impact of the recommendations of the expert group on pricing of petrol, diesel, kerosene and LPG on the poor and on the price level should be no more than that of present policy and most likely smaller over time. The group has recommended freeing petrol and diesel prices and some increases in prices of kerosene and LPG. more...
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Sudhir Bhargava
 Sudhir Bhargava, 55, assumed charge as additional secretary in the ministry of petroleum and natural gas in place of S. Sundareshan who was elevated as secretary in the same more...
Bansal Takes Over As IOC Chairman
 Director (Planning & Business Development) Brij Mohan Bansal, has taken additional charge as Chairman of Indian Oil Corporation. He takes over the reins from Sarthak Behuria who completed his five year more...
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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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IOC On Look-out For Foreign Partner For Paradeep Refinery
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Venezuelan Oil Firm May Buy Stake In Petrochemicals Venture
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Balmer Lawrie’s Arm In JV With Indonesian Firm
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OVL Makes Two Oil Discoveries In Syria
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What is the role of the Government in natural gas pricing?
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Priority Sectors For Gas Allocations, D6 Gas Allocations Sector-wise
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Current prevailing gas prices under various PSCs
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Basic Facts About RIL’s Gas From D6 Block In KG Basin
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Gas In India : New Gas Production
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Gas in India : LNG Market Changing for better? Looks like it.
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Gas in India : Gas Utilization
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History of Gas / RLNG Pricing In India
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Existing Gas Price
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Gas Price Formula
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Gas Price in lndia
(PSC between government , RIL and NIKO with respect to KG-DWN-98-3) more...
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Annual plan outlays (2010-11) for all PSUs under the Ministry of Petroleum and Natural Gas
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Budget proposals for 2010-11 : oil and gas sector
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Average annual consumption of fuel by class of vehicles
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Status Of IRBIP Phase 1 at PSU Refineries
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Import of LPG Under Parallel Marketing Scheme (PMS), Auto LPG Sales.
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Domestic Prices of Petrol, Diesel, Kerosene and LPG derived from different levels of prices of the Indian Basket of Crude Oil.
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Kirit Parikh Panel Recommendations
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ONGC’s Crude: International Parity Price, Net Realized Price.
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Latest Retail Selling Prices - Petroleum Products as on 27th February 2010
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Details of Sedimentary area of the Country
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Details of investments made in E&P sector by NOCs, Domestic Private and Foreign Companies
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The details of profit petroleum received by the Government
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Details of in place and ultimate reserves accreted under NELP. Position of total Hydrocarbon Reserves in the country as on 1st April, 2009
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Profitability of Exports of Petroleum Products
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Year-wise break-up of total under-recoveries of OMCs and details of its sharing
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Mangalore Refinery & Petrochemicals Limited : Up-gradation cum Expansion Project (including Poly Propylene Unit)
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