In Search Of Energy Security Or Insecurity? Strategy Of Oil Assets Acquisition In Volatile, Unstable Countries Calls For Review.
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Surplus Domestic Capacity To Depress Refining Margins
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Distribute Gas Equitably : Karunanidhi Blasts UPA Government’s Gas Allocation Policy
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Failure To Meet Euro III Petrol, Diesel Target : Petroleum Secretary Pandey Feels Let Down By Oil Cos
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A Policy Shift In Petroleum Subsidy Regime?
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Regulator To Be Divested Of Say On Gas Pipelines
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Bangladesh Navy’s Interference Cited As Reason: Santos Seeks To Cancel 3 D Survey For Completion Of MWP
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RIL Denied Extension Of Appraisal Period For Dhirubahi-24, 25 In KG Block
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PNGRB Has No Power To Grant City Gas Licences: High Court
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PMT Joint Venture Confirms Data Preparation For Audit
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Ravva Oil (Singapore) Blames Indian Government For Withholding Payment
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Confusing Data On Ethanol Availability
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Tata Steel, Sasol Synfuels In Rs 450 Billion Orissa plan
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HPCL Plans New Rs 200 Billion Refinery
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GAIL To Buy 4% In Myanmar-China Project
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Boots & Coots Awarded Secure And Salvage Project From ONGC
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IOC Renews Term Contracts With SOMO, NNPC
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KazStroyService Ltd
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RIL’s Refining Margin At $ 5.9 /Barrel
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Rocksource ASA
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Breakthrough Indian Offshore Success for BOS Angler
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Engineers India FPO in July
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February 9, 2010 : India’s gas transportation major, GAIL (India) Ltd, and the state-owned consultant, Engineers India Ltd (EIL), are in discussion for possible cooperation in gas sector opportunities. Together, they can make a significant difference in international tenders. Click IOG Exclusive for details.
February 8, 2010 : Cairn-operated Rajasthan oil field is the second largest in the country. Rajasthan has borders with Pakistan which is perceived to be hostile to India. Intelligence Bureau has already alerted the operator about the possibility of terrorist attack. Click IOG Exclusive for details.
February 5, 2010 : 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? Click Special Reports for an indepth analysis.
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Economy to grow at 7.2%, says CSO
 February 9, 2010: The Indian economy will grow at 7.2% in 2009-10, said the Central Statistical Organisation (CSO) on Monday in its advance estimate, compared to the finance ministry's and more..
Budget Wishlist: Oil & Gas
February 9, 2010
CEO Speak:
R S Sharma, Chairman and managing director, ONGC : Widen tax incentives: Tax Holiday u/s 80-IB(9) is available to exploration & production (E&P) companies for seven years from the year of commercial production while tax holiday to more..
OPEC oil price falls to four-month low
February 9, 2010: The oil price of the Organization of the Petroleum Exporting Countries (OPEC) fell to 69.71 dollars at the end of last week, its lowest level in nearly four months, according to data issued by the group on Monday. The cartel’s basket price dropped by 3.02 dollars per barrel (159 litres) on Friday, as more..
L&T Finance to raise Rs. 5 billion through non-convertible debentures
February 9, 2010: L&T Finance Ltd, the financial services arm of engineering major Larsen & Toubro, today said it plans to raise up to Rs 5 billion through an issue of non-convertible debentures (NCDs) this month. This is the company's second issue of NCDs after it raised Rs 10 billion in September last more..
Shell Q4 profits collapse on weak refining, natural gas
February 9, 2010: Royal Dutch Shell Plc posted a 75% fall in fourth-quarter profits to $1.18 billion, as the oil major was punished for falling output and its focus on the depressed refining and natural gas businesses. Oil prices recovered in the quarter but gas prices were much lower than in the same period a year earlier, more..
India aims to double trade with Arab world
February 9, 2010: Asserting that India and the countries of the Arab region enjoyed a special relationship, Union Commerce and Industry Minister Anand Sharma on Monday said that India intended to double bilateral trade with the Arab world from the present $114 billion by 2014. “We look at doubling India and Arab region more..
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Cash Cow Milked Dry
The cash cow is now in danger of crumbling to the ground under the weight of the unfair burden that has been heaped on its shoulders.
It is amazing how short-sighted policy makers more...
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GAIL, EIL To Collaborate In Gas Projects At Home, Overseas
India’s gas transportation major, GAIL (India) Ltd, and the state-owned consultant, Engineers India Ltd (EIL), are in discussion for possible cooperation in gas sector opportunities. They have agreed to jointly explore and participate in gas sector development projects in Nigeria and Ghana to start with. more...
Threat perception and security arrangements For Cairn’s Rajasthan Filed
 Cairn-operated Rajasthan oil field is the second largest in the country. Rajasthan has borders with Pakistan which is perceived to be hostile to India. Intelligence Bureau more...
Comptroller & Auditor General of India Serves Ultimatum On Petroleum Ministry Regarding RIL's D6 Block
The office of the Comptroller and Auditor General of India is unhappy with the ministry of Petroleum and Natural Gas and the Directorate General of Hydrocarbons (DGH) for not providing it with the relevant records regarding D-6 block belonging to RIL-Niko consortium.
In a strongly worded communication to more...
Second Time clarification Sought From Swiber, Global
As predicted by www.indianoilandgas.com, Oil and Natural Gas Corporation’s tender committee has sought second time clarification from two out of the nine bidders for the $ 200 million contract for the subsea pipeline contract associated with B-193 project in western offshore. The bidders are Swiber and Global. more...
ONGC's $ 200 M Pipeline Project: To Shortlist Bidders Or Seek Second Time Clarifications.
ONGC management is debating whether to eliminate from the race bidders who do not meet its technical criteria or seek clarifications for the second time. The project in question is ONGC's $ 200 million subsea pipeline project of B-193 in the western offshore.
Normally, if there are two qualified more...
Why Did Government Refuse To Notify Section 16 Of PNGRB Act, 2006?
The downstream regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has been an ineffective body since inception because the government refused to more...
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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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Market for Onshore Drilling Services
India is one of the biggest user of onshore rigs in the Asia-Pacific. With signing of production sharing contracts for the new round of exploration acreage (NELP-VIII) and Coal Bed Methane (CBM-VI), onshore drilling services are expected to get a big boost.
Market for Onshore Drilling Services more...
BPCL's Pre-budget Memorandum
Rationalization of Tax Provisions Concerning Exploration, Extraction, Production or Refining of Mineral Oil etc.
"The substantial and sustained increase in international oil prices has once again brought to the forefront the issue of energy security for the country, given India’s more...
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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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Remove these subsidies : Free Up Cooking Fuel Prices
The bill for subsidised kerosene is now over Rs 20,000 crore per annum, and yet the Centre seems rather tentative about policy overhaul. Reportedly, the latest proposal of the petroleum ministry is to exempt supplies for households with access to electricity and cooking gas (LPG). Given the fact that much of the subsidised more...
Be bold on oil prices, Fuel Subsidies Must Go
THE reported preliminary thinking of the Kirit Parikh committee on oil price reform is far too timid. The panel reportedly wants to liberalise retail prices of petrol, but have market-determined prices for diesel only so long as crude oil prices stay below $90 per barrel. But given the weakness of the US dollar and the fact that crude already more...
Free up retail fuel prices : Oil Subsidies Unsustainable, Irrational
FINANCE minister Pranab Mukherjee insists that the decision to exit fiscal stimulus would need to wait economic assessment of the fourth quarter. But the fact is that crude oil prices have already risen past $80 per barrel in the current rally, and demand is fast picking up globally. So the Centre needs to promptly revise retail prices of key more...
Freeing gas prices
With the Group of Ministers (GoM) readying to allocate the unallocated portion of Reliance Industries Limited’s Krishna Godavari Basin gas, the question asks itself: is the country going back to the days of the Administered Price Mechanism, when everything was decided by the government? Many will assume that there is no more...
Oil regulators are not empowered: Plan panel
 The Planning Commission has slammed the weak regulatory regime in the oil & gas sector, blaming it on the petroleum ministry’s ‘reluctance to give up its powers’. Speaking to FE, more...
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Sundareshan appointed Petroleum Secretary
 January 30, 2010: The government on Thursday appointed S Sundareshan as the new Petroleum Secretary. Sundareshan, who currently is Special Secretary in the more...
Essar Oilfields Appoints Ankur Gupta As New CEO
Essar group-led Essar Oilfields Services has appointed Ankur Gupta as its new chief executive officer (CEO) with immediate effect. In his capacity as chief executive, Gupta will manage onshore and offshore drilling services of Essar Oilfields and report to Essar Shipping managing director Sanjay Mehta. Essar Oilfields is a 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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Malaysia Based Sapura Group Invests In India
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Stake In South Pars, LNG Import From Iran: IndianOil Blames ONGC, Seeks Induction Into Project
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Cabinet Sanctions OVL's Investment In 2 Nigerian Blocks
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ONGC-Mittal Exits Turkmenistan Oil Block
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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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ONGC’s Crude: International Parity Price, Net Realized Price.
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Latest Retail Selling Prices - Petroleum Products as on 29th January 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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Country- wise details of crude imports during last five years
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IOC’s Naphtha Cracker Project at Panipat
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IOC’s Panipat Refinery expansion : new units and their capacities.
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ONGC : Under-recoveries from sale of natural gas and cost of equipment & services
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Reliance Industries Limited - Jamnagar Sez Refinery
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LPG Marketing at a glance
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IOC’s Paradeep Refinery Under Implementation: List of Major process units along with their capacities & licensors.
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Indian National Gas Hydrate Program
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