Policy
Non-Compete Clause A Retrograde Move In Cairn-Vedanta Deal
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Australia Presents a Big Opportunity For Indian Firms
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The Curious Case of Gas Pricing And Its Implications
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Terms And Conditions Of Gas Supply Contracts To Be Changed To Discourage Unfair Practices
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Marketing Margin On Gas Still A Bone Of Contention
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Govt Shows Interest In Shale Gas Exploitation
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Regulation
ONGC Offers To Pay Up LD To Retain Hungarian Company MOL
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RIL Proposes Integrated Development Of D6 Discoveries
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Final Oral Submission For Ravva BDC Arbitration To Begin In October
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Arrow Energy Wants To Relinquish Block MR-CBM-III/2005
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ONGC Asked To Pay For Unfinished Work Program
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Alternate Fuels
Ethanol Makers Ready To Meet Demand From Oil Companies
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Maharashtra To Gain From Ethanol Production
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Punj Lloyd Wins Five Solar Power Projects from Punjab Government
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New Projects
ONGC’s Integrated Development Project Of G-1 & GS-15
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OPaL’s Downstream Configuration, Cost Estimates Revised
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CPCL’s New Crude Pipeline
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Gokak-Goa Underground Gas Pipeline Gains Pace
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Market Watch
ONGC Gives Corporate Guarantee In Favour Of Saudi Aramco
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Companies
Nagarjuna Oil Corporation
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Aban In Pact With Cairn India For Deploying Rig
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Bengal Energy Announces First Quarter Results
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Press Release [FREE Access]
Petro Intelligence » Vyas Queers The Pitch
Shreedhar VyasThe director (HR) usually figures way down the pecking order in most public sector companies. But that’s not the case with state-owned Oil and Natural Gas Corporation (ONGC) where it is seen as a top-flight assignment.
 
Dr. A.K. Balyan, who was appointed last week as the managing director and chief executive officer of Petronet LNG, had held the director (HR) post at ONGC for about seven years. He had a reasonably successful stint at the oil behemoth even though there were a couple of prickly industrial relation issues that remained to be sorted out.
With a large human resource pool that spread across the country – from Dehradun to Karaikkal and Mumbai High to the remote North East – ONGC presents challenging situations for the incumbent. Dr. Balyan’s successor will have to be a strategist. In an organisation that has a very large officer cadre, the collective bargaining option has been nixed with the disbanding of the ASTO, the once-powerful association of executives.
 
Directors for ONGC (HR)Recently, we focussed on the prospects of four executive directors who were in the race for the top job. We had said that all four – K.S. Jamestin, Tauquir Hussain, Priti Mathur and J.G. Chaturvedi -were eminently qualified, well connected and that it was a race that would be too close to call. We had also predicted that the outcome might depend on their performance as assessed by either chairman and managing director R.S. Sharma or petroleum minister Murli Deora since there was nobody in the fray from Assam – the state that Prime Minister Manmohan Singh regards as his political home.
 
But we now learn that the field has widened with one more horse in the fray: Shreedhar Vyas, who is by all accounts a formidable opponent. Vyas was the leader of the officers’ association for a long time and had negotiated with the petroleum ministry and with the prime ministers’ office on several occasions. He came in for sharp criticism within the association when he accepted then Prime Minister Narasimha Rao’s appeal and called off a strike. The charge against him was that he let down the fellow officers by calling off the strike. Vyas countered it by saying that his was the most sensible decision at that point of time, taken in the larger interest of the country and the association. The fact, however, remains that this incident created powerful detractors for Vyas within ONGC.
 
Vyas’ entry queers the pitch for everyone. The big question is whether he will go all the way. That is difficult to predict, considering the fact that he is only a GM while all the others are EDs. But Vyas is extremely well plugged into the political ecosphere and one can’t overlook the fact that he is a GM from Assam.
 
As far as the selectors are concerned, anyone who holds the post of a GM is within the ambit of selection for the post of director (HR).
 
Our understanding is that Vyas’ political influence is limited to the level of cabinet ministers and Chief Ministers. If political bigwigs above those levels get involved in the process of selection which on present reckoning looks a strong possibility, it would be hard to predict who would win the race in what promises to be a needle finish.



To download the latest issue 'Volume 17 Issue 10 - August 25th 2010', click here
Petro Intelligence [FREE Access]
Succession Pangs
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Foreign Investment
NTPC Offers Equity Stake To Qatar Petroleum
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Overseas Investment
BPCL Arm Acquires Stake In Two Australia Shale Gas Blocks
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Overseas Blocks Produce 8.8 Million Tons for OVL
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Gas Scene
The market for GAS COMPRESSORS in India
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Refineries Ask For More Gas Allocation
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Gas meters a growing market in India
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KG D6 Gas Status of Firm, fallback allocations and actual take off
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Gas Price as on July 1, 2010
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Gas Turbine Market
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CGD projects: Converting Potential into Money, Growth of leading CGD companies & Demand potential of CGD Projects In India
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Performance Of Existing CGD Entities (At the end of April 2010)
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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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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Indicative Capex Of ONGC Up to 2014-15
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ONGC’s Cost In Comparison With International E&P Companies.
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ONGC’s Cost Of production, Margin Realised, Comparison With Oil India Ltd.
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Latest Retail Selling Prices - Petroleum Products as on 21st August 2010
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Refinery-wise Capacity Addition in XIth Plan (2007-12)
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Pipeline System
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Highlights of the proposed Petroleum & Minerals Pipelines (Acquisition of Right of User in Land) Amendment Bill, 2010
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Crude Oil Production under the PSC Regime for June 2010
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GRMs Of Indian Refineries In Last Five Years
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ONGC's Projects related to Development of Marginal Fields
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LPG imports under Parallel Marketer System (PMS) - MAY 2010
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ONGC’s Offshore IOR Projects under Implementation
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Economics for ONGC as JV partner in producing fields
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Sector-Wise Price of APM Gas Before and After Recent Price Revision
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ONGC's New Discovery In Well LNAA Of KG Basin (On-land)
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Role of Taxation in Pricing of Petroleum Products
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FDP approved Gas Production Profile in KG Basin Blocks
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Trunk pipelines authorized by the Government
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The quantity value of petroleum products imported in the country during last five years
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Estimated cost, completion Schedule and Technologies Used By India’s Strategic Crude Storage Facilities.
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The percentage increase in international oil price & domestic retail prices since dismantling of APM
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Tenders [FREE Access]
Hindustan Petroleum Corporation
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