Reddy’s Optimism And Oil Payment Problem With Iran
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Vasudeva Sets ONGC On Right Path, Road Ahead Long
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ONGC-Conoco Proposed Partnership: The First Step In A Long Journey
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Time For Oil India Ltd To Make Bold Moves
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IndianOil Modifies Its Risk Management Policy
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Issue of Marketing Margin On Gas Crops Up Again
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RIL Proposes Workovers For D-26 (MA) Field
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RIL Seeks To Establish Connectivity With HVJ Pipeline Network
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NAFTOGAZ’ BG Not In Tune With PSC, MoPNG To Decide
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Bio-diesel Policy Faces Anti-trust Probe From CCI
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Status of Paradip Refinery Project
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ONGC To Commission North Tapti Gas Fields
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Oilex Provides Cambay-76H Well Operations Update
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HPCL Offers Rare Gasoil Cargo For Export
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Savita Oil Technologies
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Commerciality Of ONGC’s Gas Discovery UD-1 To Be Endorsed
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Gail Backs Out Of Race For BG Stake In Gujarat Gas
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Jubilant Strikes Oil & Gas At Kharsang
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Foster Wheeler Awarded Contract For An LNG Receiving Terminal In India
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PSL Sees Pipe Orders Coming Back
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Cairn Starts Oil Production In Bhagyam
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January 27, 2012: Details of crude oil and natural gas reserve accretion by ONGC, OIL and Pvt./JV companies. Click Special Database for details.
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.
Jaipal Reddy sounds optimistic about resolving the payment problem with Iran. Has he got an assurance to this effect from the US president Barrack Obama?, click column Policy. The politics behind the revival of marketing margin issue for gas . Reliance has reacted furiously. A fresh headache for RIL?. Click column Regulation.
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Petronet LNG plans terminal in Andhra Pradesh
 January 28, 2012 : The greenfield project is estimated to cost Rs.45 billion. Petronet LNG will set up its third terminal at Gangavaram in Andhra Pradesh. The decision to set up a greenfield project was more..
Sourcing Iran crude to continue
January 28, 2012 : Government working on new payment mechanism. The Petroleum Ministry and the Finance Ministry are working in tandem with the Reserve Bank of India (RBI) to work out an “oil payment” formula for Iran that would be long-lasting and effective.
Fruitful discussions more..
OIL DATA: India December Crude Oil, Gas Output Declines
January 28, 2012 : India's crude oil and natural gas output fell in December for a third straight monthly year-on-year drop due to a natural decline at ageing fields, government data showed Friday. Oil output decreased 5.6% in December to 3.17 million tons, or 750,355 barrels a day, from 3.36 million tons, or 795,000 more..
Dependence on imports on the rise; domestic Dec gas output falls 10.8%
January 28, 2012 : With the gap between demand and supply constantly widening, higher dependence on imported and more expensive oil and gas is on the rise. Domestic crude oil and natural gas output in December was down 5.6 per cent and 10.8 per cent, respectively, year-on-year. Companies like GAIL (India) that are into gas more..
Subsidy burden zooms for ONGC & OIL, to impact Q3 nos
January 28, 2012 : The subsidy burden of upstream oil companies Oil Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) have more than doubled in the third quarter ended December 31. ONGC’s subsidy burden for the quarter is Rs 88.75 billion, compared to Rs 42.22 billion in the corresponding quarter of last year. more..
Follow China model and give fillip to solar units'
January 28, 2012 : The Union Government and the central bank should learn from China in supporting local manufacturing and infrastructure for the solar industry, said K. Subramanya, CEO, Tata-BP Solar. Talking to The Hindu, Subramanya said “solar India” had much to learn from the Chinese Government, banks and more..
Global green energy meet to ‘hear out' industry
January 28, 2012 : Over 150 exhibitors are expected to participate in a two-day conference-cum-expo that will be organised in Chennai on March 12 and 13 by the Tamil Nadu Energy Development Agency (TEDA), the agency's Chairman and Managing Director, Mr Sudeep Jain, told Business Line today. Policy makers from both the more..
BHEL posts 14 % jump in net profit at Rs.36.60 billion
January 28, 2012 : Bharat Heavy Electrical limited (BHEL) on Friday reported a 14 per cent jump in net profit at Rs.36.60 billion in the nine months ended December 31, 2011. The power equipment major had a net profit of Rs.32.13 billion in the year-ago period. Sales rose to Rs.292.69 billion from Rs.247.56 billon in the same more..
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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...
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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.
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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...
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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?
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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...
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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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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...
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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...
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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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Approvals Drill Leaves RIL Fuming
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Singapore Govt Invests In Reliance Industries
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BG-led Consortium Set To Put $3 Billion In Panna-Mukta-Tapti
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Jubilant To Invest $80 Million In Myanmar Oil And Gas Block
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The Purchase and Basic Selling Price of Natural Gas by GAIL
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Balance Recoverable Gas Reserves State-wise Including Offshore
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RIL Seeks Extension Of Development Phase For CBM Blocks SP (West), SP (East) On The Ground Of Excusable Delays.
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Government is examining reports about scam in LNG imports from Qatar, says Minister R.P.N. Singh In Lok Sabha
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The actual quantity and percentage share of APM, LNG and imported gas in the allocated share of gas to the respective CGD entities
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Percentage Share Of Taxes In CNG/PNG Prices Compared to that in petrol and Diesel
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The present status of TAPI (Turkmenistan-Afghanistan-Pakistan-India) Gas Pipeline
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GAIL Wrestles With Underutilization Of Pipeline Capacity
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Year-wise estimates of gas sales, including domestic gas production and imported LNG for the next ten years
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Regional imbalance in Natural Gas Infrastructure
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Inter-Ministerial Committee on Pooling of gas prices Blasts Regulator PNGRB For Its Zonal Tariff Order.
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Likely Impact On The Cost Of PNG/CNG If Natural Gas Is Given Declared Goods Status
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Various ongoing major pipeline projects and CGD network in the country, both by public & private sector companies
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Details of crude oil and natural gas reserve accretion by ONGC, OIL and Pvt./JV companies
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India’s balance recoverable oil reserves state-wise including offshore
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Effective rates of Sales tax/ VAT ON petroleum products levied by various States/ UTs as on 1st July, 2011.
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Details of taxes and duties payable on crude oil by ONGC and Oil
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The components of Cost of Production In the case of ONGC and OIL, Crude Price Realised by ONGC, OIL.
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Percentage Consumption of diesel by various sectors of the Indian economy.
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How does Rupee Depreciation impact domestic petroleum product prices?
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Changes in Crude and Product Prices in International market for the last four years up to September 2011
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Why Export Price Of Petroleum Products Not Taken As Refinery Gate Price?
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Oil PSU's Proposed Investment Outlay In FY 2012-13.
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Retail Selling Price of AUTOMOTIVE FUELS in Indian cities updated as on 25th January 2012
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MoPNG Defends Trade Parity/Import Parity Price As Refinery Gate Price.
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Petroleum Sector's Contribution to Government Exchequer and amount of subsidy provided by Government
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Refinery gate price of the four sensitive petroleum products of OMCs.
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The product-wise estimated under-recovery on Diesel, PDS Kerosene and Domestic LPG for FY 2011-12
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Crude and Natural Gas Production Targets during the XII Plan.
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Hindustan Petroleum Corporation Limited
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Hindustan Petroleum Corporation Limited
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Cairn Energy India
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