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Policy Mystery Deepens : Sunset Clause Plays Havoc with State Owned Refineries more... Did It Influence Chidambaram? : Planning Commission Questions Move to Make India Refining Hub more... Oil Cos Lack Coherent Strategy, Says Planning Commission more... Mechanism Finalised • Govt. to Issue Executive Orders : Sharing of Offshore Security Costs by E&P Operators more... Regulation Draft Strategy Paper : Simultaneous Exploration and Production of CBM with Oil & Gas more... Block CB-OS-I : ONGC to Acquire Additional Participating Interest more... Alternate Fuels Oil Industry May Enter Bio-diesel Value Chain : Petroleum Ministry Favours Farm Level Subsidies for Bio-fuels more... New Projects Changing Market Dynamics : ONGC Re-configures Dahej Petrochem Project more... Panipat Refinery Expansion: IOC Changes Implementation Strategy more... Paradeep Refinery : IOC In A Fix Over Government’s Budget Proposal more... Additional Gas Processing Facilities at Hazira Process Complex more... Market Watch ONGC Hikes Rate of Interest for Loans to OVL more... ONGC Receives Tax Demand more... Companies John Energy Ltd. more... Reliance’ Impressive GRMs more... Oil and Gas Discoveries by ONGC more...	Latest News Hinduja Keen on Kakinada Refinery Even Sans ONGC May 9, 2008: Hinduja group plans to go ahead and set up a Rs 256 billion refinery at Kakinada even if its indecisive project partner Oil and Natural Gas Corporation opts out. ”We   more.. Seven Companies Bid for Offshore Blocks May 9, 2008: Seven international oil companies have submitted their bids for 15 offshore blocks in response to energy-starved Bangladesh’s exploration plans, officials said. Santos International of Australia appeared as the top bidder, making a total investment proposal of $ 852 million under three Production Sharing   more.. MRPL to Expand Capacity May 9, 2008: Mangalore Refinery and Petrochemicals Limited (MRPL) will invest Rs. 80 billion in the next three years to expand the capacity of its present refinery at Mangalore from 9.69   more.. BPCL to Set up Wind Farm in Andhra May 9, 2008: Public sector oil company Bharat Petroleum Corporation Limited (BPCL) is planning to set up a 5-MW wind power farm in Andhra Pradesh. This will be on the lines of those operating in Rajasthan and Kerala, said AK Bansal, executive director (corporate affairs), BPCL. The company is also working on a 1-MW power plant   more.. Cairn India Shares at a High May 8, 2008: Cairn India shares moved up to a new high , gaining 7.5 per cent, spurred by the rise in the international crude price, that touched a record high of $122 per barrel. The company’s share price closed at Rs 278.45, up by Rs 19.35 on the Bombay stock exchange (BSE), after touching intra-day high of Rs 283.70 on   more.. Reliance and Essar Eye the Vizag Refinery May 8, 2008: After the UK-based Hinduja group, Oil and Natural Gas Corporation’s (ONGC) proposed Rs 265 billion refinery at Kakinada, Andhra Pradesh, has found new suitors in Reliance Industries (RIL) and Essar Oil. This is despite ONGC maintaining its stand that the refinery is not financially feasible unless the Andhra   more.. Petroleum Imports Outpace Exports May 8, 2008: The net oil import bill in 2007-08 is likely to rise by around 41 per cent over 2006-07 as the country’s refineries consumed 9 per cent more crude oil to meet surging demand even as crude oil prices rose nearly 53 per cent during the year. The net oil import bill (import of crude oil and oil products minus   more.. PetroPulse Column Battle of Wills for Oil Wells Oil and Natural Gas Corporation (ONGC), the state-owned upstream giant, has a very blotchy record: early in the 1970s it had raised the vision that India could emerge as a major oil producer more... IOG Exclusive ONGC’s Tender Committee Recommends Encashing Of Ramunia’s Bid Bond Oil and Natural Gas Corporation’s (ONGC) tender committee has recommended encashing of $ half a million bind bond submitted by Ramunia of Malaysia in view of its consistent failure to provide the more... Chakrapani Manoharan Returns to IOC Chakrapani Manoharan, executive director of Indian Oil Corporation’s Panipat Refinery who relinquished his job a few weeks ago to take up a lucrative assignment in more... Special Reports Construction Majors Enter Exploration Segment The drilling requirements under the new exploration licensing policy (NELP) coupled with the high crude oil prices which is leading to greater oil exploration activities worldwide is spurring more and more... Emerging trends in India and China Transnational pipelines and LNG By R.P. Sharma, RIL. Gas Demand in china and India - Growing Economies- China Natural Gas Trade - Global LNG - Pipelines - India more... Interviews Interview with R.S. Sharma, Chairman and Managing Director, ONGC The job of chairman and managing director (CMD) of ONGC is considered a prestigious assignment. In ranking, he is slightly above the CMDs of other PSUs barring SAIL and Air India. R.S. more... Views Going for gas The United Progressive Alliance government has done well to join the Turkmenistan-Afghanistan-Pakistan-India pipeline sponsored by the Asian Development Bank. But it should guard against the temptation of viewing of the project as a substitute for the proposed Iran-Pakistan-India (IPI) pipeline. Given high global oil prices and more... Personalities R. Rajamani Takes Over as Chairman of Shell-MRPL Aviation Joint Venture R. Rajamani, Managing Director of Mangalore Refinery and Petrochemicals, has taken over as the Chairman of the recently formed joint venture Shell-MRPL Aviation Fuel Services Pvt. Ltd. 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. To download this full article in PDF, click here	Petro Intelligence Windfall for Mitra? more... Choubey Enters the Fray more... Foreign Investment RIL Plans to Sell 10% Stake in D6 Block more... Overseas Investment IOC Willing to Make Inclusive Package to Turkmenistan more... ONGC Videsh Signs Agreement for San Cristobel field in Venezuela more... Indian Oil Companies Sign Pacts for 5 Blocks in Yemen more... Gas Scene Existing Gas Price more... Gas Price Formula more... Gas Price in lndia (PSC between government , RIL and NIKO with respect to KG-DWN-98-3) more... Data Section Monthly Upstream Data Monthly Downstream Data Historical database Data Archives Special Database Retail Selling Prices - Petroleum Products more... Oil Refineries – A Critique more... Retail Selling Prices - Petroleum Products more... Tenders Cairn Energy India has invited expression of interest/prequalification for provision of new completion more... Cairn Energy India has invited expression of interest/prequalification for provision of services for drilling more... Indian oil has invited global tenders for procurement of transducers more... Links AmericanOilman
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