February 7, 2012 : Anil Ambani Writes To PM For Gas Allocation For Samalkot Power Plant, click IOG exclusive for details.
February 6, 2012 : We have already carried the average productivity of ONGC’s oil wells, basin-wise and field–wise. Now we have obtained the average productivity of oil wells belonging to private and joint ventures. Click column Special Database for details.
February 3, 2012 : India has a fairly large network of pipelines carrying crude oil, petroleum products and natural gas. These pipelines are owned by state-owned companies, private and joint venture players. Who owns what? Click column Special Database for a comprehensive data on the subject.
January 25, 2012: Approvals Drill Leaves RIL Fuming. What went wrong for Reliance Industries with the Manmohan Singh government? RIL isn’t able to have its way and win approvals any more. Every proposal from it undergoes meticulous scrutiny, leaving RIL fuming over the delays. That is a far cry from the good old days when its files zipped through the bureaucratic corridors at breathtaking speed. The times have clearly changed, click our Free Access column Petro Intelligence to read an interesting story.
Today's News [FREE Access]
Oil Ministry dismisses RIL’s demand for gas price revision
February 7, 2012 : Asserting that there is no case for revision in price of natural gas price, the Petroleum and Natural Gas Ministry has dismissed the demand by Mukesh Ambani-owned Reliance Industries Limited (RIL) to seek a revision of gas price for the KG-DWN-98/3 block on the East coast of Andhra Pradesh on the grounds that more..
ONGC share sale may be revived via auction
February 7, 2012 : India will consider selling shares in state-run Oil and Natural Gas Corp to investors through an auction, an oil ministry source said, as the government struggles to revive its divestment programme to plug the widening fiscal gap. A panel of federal ministers will meet this month to decide on the share sale more..
Govt. asks oil companies to pay Rs 369 billion in fuel subsidy
February 7, 2012 : With the Finance Ministry still to come out with a final formula on sharing the fuel subsidy burden, the government has asked upstream oil companies Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL) and GAIL India to give about Rs. 369 billion in fuel subsidy during April to December 2011. more..
SACE Guarantees Us$ 400 Million for The Expansion Of Reliance Industries
February 7, 2012 : SACE has guaranteed a US$ 400 million equivalent loan granted to the major Indian petrochemical and oil & gas group, Reliance Industries, for the expansion and upgrading of the production capacity of its petrochemical plants, a gasification plant and refinery off-gas cracker as part of an investment more..
Now, CAG to quantify loss to exchequer on RIL gas output
February 7, 2012 : The next salvo from the Comptroller and Auditor General (CAG) may come in the form of year-wise figures of the loss to the exchequer because of falling gas production from Reliance Industries Ltd’s KG-D6 field. How the CAG’s Rs 1760 billion loss figure it came out for 2G telecom spectrum more..
Spice jet posts loss on high fuel prices
February 7, 2012 : High fuel prices and unprecedented depreciation of the rupee has seen the low-cost airline SpiceJet post a net loss of Rs 392.6 million in the quarter ended December 31, 2011. The airline had posted a net profit of Rs 944.4 million during the same period previously. In a statement, the airline said that more..
Welspun seeks grant to run Vizhinjam port
February 7, 2012 : The only contender left in the fray for assuming the role of the port operator for the Vizhinjam Port, a consortium led by Welspun Infratech Limited (India), has, in its financial bid, requested a grant of Rs.4.79 billion spread over 16 years from the State Government to participate in the project. The more..
Indorama to invest Rs. 10 billion in India
February 7, 2012 : Singapore-based Indorama Corporation has unveiled plans to invest around Rs. 10 billion within three years in India to set up three manufacturing facilities to produce spandex fibre, used in various applications like stretch denims and sportswear. The company, which is present in India through its more..
Petropulse / Guest Column
Identity Change Won’t Clean The Mess At PLL The ministry of petroleum and natural gas (MoPNG) has orchestrated moves to turn Petronet LNG Ltd (PLL) into a public sector unit, changing the essential characteristic of this unique hydrocarbons more...
IOG Exclusive
Anil Ambani Writes To PM For Gas Allocation For Samalkot Power Plant February 7, 2012 : Anil Ambani has appealed to Prime Minister Manmohan Singh for early allocation of 9.6 mmscmd of gas for Reliance Power’s 2400 MW power plant at Samalkot in the state of Andhra more...
GAIL Seeks Petroleum ministry’s Intervention Following Sharp Differences With Reliance Gas Transportation Infrastructure Ltd (RGTIL) Regarding Supply Of KG D6 Gas To BGL In Andhra Pradesh.
January 30, 2012 : The Ministry of Petroleum and Natural Gas (MoPNG), last month directed GAIL to continue the arrangement for supply of KG D 6 gas to BGL at Shamipet in the state of Andhra Pradesh at APM price by way of swapping with Spot RLNG as prescribed by it..
As the contractual arrangements for supply of more...
ONGC To Hire Two New Generation Jack Up Rigs
January 23, 2012 : Oil and Natural Gas Corporation (ONGC) has sought and got expenditure sanction from its board for hiring two New Generation 300 ft cantilever Jack up rigs for a period of five years for custom free areas from post monsoon 2012 to meet workload targets beginning 2012-13. Under its firm plan for the XII Five more...
Reliance Industries Protests Against Re-opening of Marketing Margin Issue January 20, 2012 : Agitated over the Petroleum ministry’s move to re-open the issue of marketing margin for natural gas, Reliance Industries Ltd (RIL) has accused the government of shifting its policy more...
Jaipal Reddy Orders Inquiry Into LNG Import Scam, Report To Be Submitted In A Month. January 11, 2011 : Minister for Petroleum and Natural Gas Jaipal Reddy has directed G.C. Chaturvedi, secretary of the ministry, to inquire into the LNG import scam serialised by more...
Power Projects Waiting For Gas Allocation To Begin Generation January 6, 2011 : Fresh gas allocation is a problem. The assurance for allocation of about 24.27 mmscmd of gas for about 6450 MW in the Central & State Sector capacity which has already been recommended by this Ministry remains to be acted upon.
Projects Requiring Gas During XIth Five Year Plan, As Recommended by Power more...
To Extend Or Not To Extend Is The Question. Oil India’s Request For Extension of Exploration Phase-II of Block AA-ONN-2002/3 Runs Into Problems
January 2, 2012 : The state-owned, Oil India Ltd (OIL), wrote to Directorate General of Hydrocarbons (DGH) On September 19, 2011 seeking extension of validity of phase-II by six months from October 20 to April 19,2012. DGH is not in a position to concede its request on the technical ground that its request for extension was more...
DGH Responds To Clarifications Sought By MoPNG On Proposed Transfer Of 50% - PI Of Tullow India to RIL in the Pre-NELP block: CB-ON/1
December 28, 2011 : Directorate General of Hydrocarbons (DGH) provided the Ministry of Petroleum and Natural Gas (MoPNG) with the sequence of developments in the proposed transfer of 50 participating interest of Tullow India to Reliance Industries. This was in response to clarifications sought by MoPNG.
more...
Assam Company Limited has warned Directorate General of Hydrocarbons Against Unhealthy Production Practices At Amguri Well In Assam
December 23, 2011 : Assam Company Ltd (ACL) which was a partner with Canoro Resources of Canada in the production sharing contract for Amguri field in the state of Assam has been fighting a legal battle staking its claim for 60 per cent participating interest the field after the government terminated the contract more...
Special Reports
RIL’s latest Quarterly Results cause of Concern January 24, 2012 : Reliance Industries Ltd’s corporate results have disappointed investors this time around. While this was perhaps expected when one considers that the company had already more...
Foreign Direct Investment in India’s oil and gas sector in the year 2011
December 29, 2011 : The year 2011 has been spectacularly mixed for foreign direct investment (FDI) in the oil and gas sector. It has seen investment by BP in - by far the largest foreign direct investment by a single company in any sector in India- as well as the largest ever divestment -by Cairn Energy.
In more...
The Status of Shale gas exploration in India
December 22, 2011: Energy experts maintain that Shale Gas can emerge as an important new source of energy in the country. India has several Shale formations which seem to hold Shale Gas. The Shale Gas formations are spread over several sedimentary basins such as Cambay, Gondwana, Krishna-Godawari onland and Cauvery. more...
Petroleum Sector :Targets For XII Five Year Plan
Petroleum Sector : Targets For XII Five Year Plan -
About 400,000 Sq. Km. exploration area (12.6% of Indian sedimentary basins) to be covered, with 5000 sq. km area for CBM exploration
Crude oil production projected at 216.34 MMT which is 22.2% higher than the 11th Five Year Plan likely achievement more...
Petroleum Sector's Performance During XI Five Year plan, An official Assessment. Petroleum Sector's Performance During XI Five Year plan, An official Assessment.
Exploration & Production :
The likely achievement in crude oil production about 177.015 MMT, which is about 6.3% higher than the X Five Year Plan’s actual production?
As more...
Why did BG choose to Exit Gujarat Gas Company?
The announcement of BG India looking to divest its stake in Gujarat Gas Company Ltd (GGCL) comes as a bit of a surprise. However, it was not wholly unexpected. There seem to have been several reasons that have cumulatively led to this decision. Analysts are speculating that it was the recent decision of the Gujarat Government more...
Interviews
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...
Views
Go All The Way: Let market determine fuel prices, not politics
The hike in diesel, LPG and kerosene prices will narrow the gap between diesel and petrol prices, but also act as a spur to inflation. The former effect is welcome, the latter hardly so. The gap that had been widening between petrol and other fuels reflected bad policy both from socio-economic and environmental points of view. more...
Food Ministry Seeks Delay in Ethanol Blending Plan
Fears large-scale diversion of grain for manufacture of ethanol by the alcohol industry
Worried over the possibility of large-scale diversion of foodgrain for manufacture of ethanol by the alcohol industry, an apprehensive food ministry is set to oppose, or at least delay, the mandatory 5% more...
Deregulate Diesel : Without that, higher crude prices and lower oil subsidies cannot coexist
There are very few things as contentious in India as the price of fuels, and finance minister Pranab Mukherjee knows that well. Which is why in the Budget, he kept mum on anything to do with oil. For 2011-12, the FM has cut oil subsidies by all of 38%. That’s odd, considering that the political turbulence in the oil more...
Personalities
Aramane Giridhar
Aramane Giridhar, member of the heaven born Indian Administrative Service IAS (AP:88) has been appointed Joint Secretary in Ministry of Petroleum & Natural Gas. Aramane Giridhar took charge on January 12 and will serve as Joint Secy in the Ministry of Petroleum & Natural Gas upto March 18,2016. He replaces Apurva more...
Alasdair Locke Hardy Oil and Gas plc, the oil and gas exploration and production company focused in India, has announced the appointment of Alasdair Locke as an Independent Non-Executive Chairman of Hardy, more...
Yogeshwar Sharma Yogeshwar Sharma, the current Chief Executive Officer of the Company, has expressed his intention to step aside. He will continue to remain in office until such time as a suitable replacement is 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.
The ministry of petroleum and natural gas (MoPNG) has orchestrated moves to turn Petronet LNG Ltd (PLL) into a public sector unit, changing the essential characteristic of this unique hydrocarbons 
February 7, 2012 : Anil Ambani has appealed to Prime Minister Manmohan Singh for early allocation of 9.6 mmscmd of gas for Reliance Power’s 2400 MW power plant at Samalkot in the state of Andhra 
January 20, 2012 : Agitated over the Petroleum ministry’s move to re-open the issue of marketing margin for natural gas, Reliance Industries Ltd (RIL) has accused the government of shifting its policy 
January 11, 2011 : Minister for Petroleum and Natural Gas Jaipal Reddy has directed G.C. Chaturvedi, secretary of the ministry, to inquire into the LNG import scam serialised by 
January 24, 2012 : Reliance Industries Ltd’s corporate results have disappointed investors this time around. While this was perhaps expected when one considers that the company had already 
Hardy Oil and Gas plc, the oil and gas exploration and production company focused in India, has announced the appointment of Alasdair Locke as an Independent Non-Executive Chairman of Hardy, 
Yogeshwar Sharma, the current Chief Executive Officer of the Company, has expressed his intention to step aside. He will continue to remain in office until such time as a suitable replacement is