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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- GAIL targets for over 114 MMSCMD Gas Transmission in FY 2010-11 Signs Annual MoU with MoP&NG
- Shri Deora Introduces Bill to Amend the Petroleum and Minerals Pipelines Act, 1962 in Lok Sabha
- ONGC gets sixth CDM project registered with UNFCCC
- ONGC bags the coveted 5th BML Munjal Award for ‘Excellence in Learning & Development’
- Sixth Asia Gas Partnership Summit in New Delhi from March 22-23, 2010
- ONGC, new dimension in disability sector
- OIL Field Discovery in Syria by OVL and Partner
- Petroleum Minister Welcomes General Budget 2010-11
- International consortium of ONGC Videsh, Indian Oil Corporation Limited, Oil India Limited, Spanish Repsol YPF, Malaysian Petronas, to acquire 40% in a “Mixed Company” to develop a multi billion integrated oil project in Venezuela
- No Subsidiary Creation for Assam Operations of ONGC
- Iraq Offers Increased Long Term Crude Oil Supply Arrangement to India
- GE Oil & Gas Technology Drives Efficiency Upgrade at KRIBHCO Fertilizer Plant, India
- India and Angola to Sign an Umbrella MOU for Cooperation in Hydrocarbon Sector
- Oil PSUs to Shift to CFL Lighting
- India’s Oil Exploration & Production Companies Gearing Up to Meet Global Challenges – Jitin Prasada
- PNGRB India
- GAIL completes route survey for Dabhol – Bengaluru pipeline, Karnataka Government approves the project
- Petroleum Secretary Calls Upon Oil and Gas Scientists to Accelerate Innovations for Meeting Forthcoming Challenges
- GAIL declares 20% interim dividend
- ONGC initiates efforts to conserve and restore monuments of Ahom Kings in Sibsagar, Assam
- ONGC declares 180 % interim dividend for FY 2009-10
- Qatar to Meet India’s LNG Demand
- Exploration of Crude Oil
- Losses to ONGC on Sale of Gas
- Top Quality Honours for GAIL Vijaipur plant
- Qatar To Meet India’s LNG Demand
- OMCs to Incur Under-Recoveries of Rs. 45,478 Crore During 2009-10: Murli Deora
- ONGC grant for education of Dehradun Jail inmates
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March 18, 2010 : Who Will Be Next CMD Of Indian Oil Corporation? Click IOG Exclusive for details.
March 17, 2010 : A few weeks ago, ONGC Videsh Ltd (OVL) announced that in consortium with Spain’s Repsol and Malaysia’s Petronas (besides IOC and Oil India), it had succeeded in bidding to develop a couple of blocks in Carabobo area located in the Orinoco heavy oil region in Venezuela. How prospective the area is? What are the opportunities and challenges before the OVL-led consortium.? Click column Special Reports for details.
March 16, 2010 : Swiber Issue Referred To ONGC's EPC. click IOG Exclusive for details.
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IMF pegs next fiscal GDP growth at 8%
March 18, 2010: The International Monetary Fund (IMF) expects the Indian economy to grow by 8 per cent during 2010-11, though high inflation and rising fiscal deficit would continue to remain areas of concern. “With India’s long-term prospects remaining strong and private sector balance sheets sound, we expect more..
Cabinet to decide on award of oil and gas blocks on March 19
March 18, 2010: The Cabinet Committee on Economic Affairs (CCEA) is likely take a final decision this week on award of at least 33 out of the 36 oil and gas blocks bid in the 8th round of New Exploration Licensing Policy (NELP). More than half of the areas are likely to be bagged by state-owned Oil and Natural Gas Corporation more..
Oil groups urge Indian wealth fund
March 18, 2010: India is facing demands from the local state-owned oil industry to create the country’s first sovereign wealth fund to compete with China in the race to secure global energy assets, according to government and industry officials. The discussions under way between the oil and finance ministries to set up more..
NTPC, IOC plan JV for biodiesel, lubricants
March 18, 2010: India’s largest energy firms NTPC and Indian Oil Corp (IOC) will together explore the possibility of producing bio-diesel and manufacturing specialised lubricants for power plants. Both the companies confirmed the development. “Projects are at an initial stage... We (NTPC and IOC) are in the more..
L&T bags Rs. 10 billion project from ONGC
March 18, 2010: Engineering major Larsen & Toubro (L&T) on Wednesday said it has bagged a project worth Rs. 10.13 billion from Oil & Natural Gas Corporation (ONGC). The company has bagged the contract for four well platforms for the Mumbai High North Re-development Project, L&T said in a filing to Bombay Stock more..
Tata, Chevron bid for Indonesian geothermal project
March 18, 2010: Tata Power Co Ltd and Chevron Corp's Indonesian unit are among several firms which have submitted bids for a geothermal power project in Indonesia, a ministry official said on Wednesday. Indonesia's PT Medco Energi Internasional is part of a consortium with Ormat Technologies, and several other local more..
Top RIL official Sandeep Tandon passes away
March 18, 2010: Sandeep Tandon, a top official of Reliance Industries Ltd, passed away here this morning after prolonged illness. Tandon, a former Revenue Service officer, advised Mukesh Ambani-led RIL on taxation and liasion matters. He was suffering from cancer before the end came this morning. He is survived by his wife more..
Coming soon : oil less growth
March 18, 2010: The world may soon achieve something long dreamed of by governments and policymakers: higher economic growth without using more oil. Rising efficiency, conservation and substitution are steadily reducing the amount of oil needed to fuel an increase in the goods and services produced around the world. Oil 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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Who Will Be Next CMD Of Indian Oil Corporation?
Indian Oil Corporation has been rather unlucky in way that its own senior executives could not make it to the top job in the corporation. Ravi Kumar Narang was the first regular chairman from within followed by M.A. Pathan and M.S. Ramachandran. C.R. Dasgupta, considered to be the most dymamic CMD IOC ever had came from more...
Swiber Issue Referred To ONGC's EPC.
 The recommendation of ONGC's tender committee finally qualifying Swiber for the sub-sea pipeline job of B-193 project is stuck in Delhi. The proposal was expected to be more...
Sunday, March 14, 2010 : Swiber In : Design Department overruled. Price Bid Opening Likely On Monday.
Sunday, March 14, 2010 : In an unprecedented move, the tender committee of Oil and Natural Gas Corporation (ONGC) has rejected the recommendation of the Design Department disqualifying Swiber for participating in the tender for the $ 200 million sub-sea pipeline job associated with the B-193 project.
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ONGC's Tender Committee Meeting Again Today. Swiber To Be Bailed Out?.
ONGC's tender committee could not take a decision on Swiber on Friday. It is understood to have discussed the refusal of the Design department to technically qualify Swiber for the sub-sea pipeline contract. The tender committee is meeting again today. Industry circles feel that the tender committee may overrule the more...
Swiber Faces Disqualification Third Time For ONGC’s Sub-sea Pipeline Contract.
Swiber is on its way to creating history in India by facing disqualification third time for the same job by the same evaluator.
An exasperated design department of Oil and Natural Gas Corporation which does the technical evaluation of bids is understood to have ruled again that Swiber does not qualify for the $ more...
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...
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More About Venezuela’s Carabobo Area & OVL’s Success
 A few weeks ago, ONGC Videsh Ltd (OVL) announced that in consortium with Spain’s Repsol and Malaysia’s Petronas (besides IOC and Oil India), it had succeeded in bidding to more...
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...
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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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