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Apr 2016

The website carries here details of refinery-wise investments needed to push India from Euro-IV to Euro-VI standards.
 The data is given in the following terms:
 -- Name of the refinery
 Capital expenditure needed to upgrade:
 -- Gasoline facilities
 --Diesel facilities
 8These investments are expected between now and 2020.
 8The total outlay is Rs 16,400 crore
 Click on Reports for more Details
The Indian oil and gas industry has not factored in the introduction of carbon pricing by India.
 8The website carries here a report that says that China is taking big steps while moving towards a carbon pricing and an emission trading system.
 8The country has announced plans to cover power, civil aviation and six other industries through an emission trading system by 2020. Going ahead, it is likely to announce coverage of all industrial activity through such  schemes.
 8The global goal is to double the coverage of carbon emissions to 25% from 12% by 2020.
 8Currently, India's coverage is low but according to the report, this will have to go up, albeit slowly in comparison to China and the rest of the world.
 8Policy formulators in large companies should not automatically assume that the government will somehow take care of the situation to ensure viability of their energy operations.
 8Manpower must be deployed to understand the impact of carbon pricing on their product range so as to be better equipped for the future.
 Click on Reports for more Details
The following additional data is carried on the energy sector
 Consumption
 8Trends in Consumption of Energy
 8Trends in Growth in Energy Consumption and Energy Intensity
 8Trends in per capita Energy Consumption and Energy Intensity
 8Trends in Industrywise Consumption of Raw Coal 45
 8Trends in Industrywise Consumption of Lignite 46
 8Trends in Consumption of Petroleum Products 47
 8Sectorwise (end use) Consumption of Selected Petroleum Products
 8Industrywise Off-take of Natural Gas
 8Consumption of Electricity by Sectors
 8Electricity Generated (from Utilities), Distributed, Sold and Lost
 Energy Commodity Balance
 8Energy Commodity Balance
 8Energy Balance
 8Sankey Diagram
 Price Indices
 8Wholesale Price Indices of Energy Commodities
 8World Production and Consumption of Crude Oil & Natural Gas
 8Countrywise Estimates of Production of Crude Oil
 8Countrywise Estimates of Consumption of Crude Oil
 8Countrywise Estimates of Production of Natural Gas
 8Countrywise Estimates of Consumption of Natural Gas
 Annexure
 8Energy Data Collection Mechanisms 8
 Click on Reports for more Details
For reference purposes, the website carries here the following energy related data on India:
 Reserves of coal and lignite and generation potential
 8An energy resources map of India.
 8Statewise Estimated Reserves of Coal
 8Statewise Estimated Reserves of Lignite
 8Statewise Estimated Reserves of Crude Oil and Natural Gas
 8Sourcewise and Statewise Estimated Potential of Renewable Power
 8Installed Capacity and Capacity Utilization of Power Projects
 8Installed Capacity of Coal Washeries in India
 8Installed Capacity and Capacity Utilization of Refineries of Crude Oil
 8Trends in Installed Generating Capacity of Electricity in Utilities and Non Utilities
 8Regionwise and Statewise Installed Generating Capacity of Electricity (Utilities)
 8Statewise and Sourcewise Installed Capacity of Grid Interactive Renewable
 Power
 8Installations of Off-grid/ Decentralised Renewable Energy Systems/ Devices
 8Trends in Production of Primary Sources of Energy
 8Trends in Production of Energy by Primary Sources
 8Trends in Production of Coal and Lignite
 8Trends in Domestic Production of Petroleum Products
 8Trends in Gross and Net Production of Natural Gas
 8Trends in Gross Generation of Electricity in utilities and Non-utilities
 Foreign Trade
 Trends of Foreign Trade in Coal, Crude Oil and Petroleum Products
 Availability
 8Trends in Availability of Primary Energy Sources 35
 8Trends in Availability of Raw Coal and Lignite for Consumption
 8Trends in Availability of Crude Oil, Petroleum Products and Natural Gas.
 Click on Reports for more Details
The petroleum industry is watching with much interest IOC's plans to set up a Octomax unit in Mathura refinery.
 8The technology to be used has been developed in-house by IOC.
 8It will have a capacity to produce 55 KTPA of Iso Octane with a blending RON of 108.
 8The bottom stream of the Propylene Recovery Unit in the refinery, which is rich in unsaturated C-4 molecules, is used as feed for the Octomax unit.
 8The feed contains various C-4 molecules including iso-butene, n-butene, butane, pentane, other C-5 elements but only iso-butene takes part in the reaction where two molecules of iso-butene combine to form one-molecule of iso-octene.
 8The estimated cost of the unit has been pegged at. 43.65, with a variation of +- 10%.
 Click on Reports for more Details
Oman has refused to contribute its share of equity to expand the networth of Bharat Oman Refineries Ltd.
 8The additional equity infusion needed will not be mobilized by the main promoter BPCL to the tune of Rs 3000 crore.
 8A fresh infusion of funds to shore up the networth was needed to undertake the debottlenecking exercise that would raise the capacity of the refinery from 6 to 7.8 MMTPA.
 8The estimated project cost is Rs 3,072 crore.
 8The infusion by BPCL will be by way of a convertible instrument that will be later translated into shares.
 8This will push Oman Oil Company's stake in the refinery below the 26% mark.
 Click on Reports for more Details
There has always been a debate over taxation policies followed by the government in petroleum products.
 8The fall in price of crude has not gone down fully to the consumer as the government has mopped up a large part of the differential through higher taxes.
 8The government has benefited in two ways: Lower under recoveries by oil marketing companies on account of a fall in crude price and higher taxes.
 8Economists would continue to be divided over whether the government is a better arbiter of  the financial bonanza or would the economy have been better off had the extra money landed in the hands of the consumer, thereby stimulating the economy through higher purchasing power.
 8Nevertheless the tax element in both petrol and diesel is very high.
 8For reference purposes, the website carries here a break-up of consumer prices for petrol and diesel in terms of  various tax elements, such as customs and excise duties, VAT and dealer commissions.
 Click on Reports for more Details
The fact that there is widespread instances of black marketing and diversion of kerosene is a well known fact.
 8The NCAER had done a pioneering study that pinned the diversion of kerosene for adulteration at a very high level.|
 8But data from the ground in terms of number of cases of malpractices witnessed by oil marketing companies seems to contradict that view.
 For reference purposes the website carries here state-wise, company-wise instances of malpractices under the following heads:
 -- Dealerships terminated
 -- Suspended
 -- Under trial
 -- Supply restored
 -- Gross total
 8Also carried here are the latest details on the retail outlet allocation and reservation procedures followed by the oil marketing companies.
 8Measures taken to eliminate malpractices are also outlined.
 Click on Reports for more Details
As was expected, the biggest surge in LPG consumers has taken place in the poorest states of the country.
 8Bihar recorded an increase of 66% in the LPG consumer base over the last three years.
 For reference purposes, the website carries here the following data on the subject:
 8State-wise number of domestic consumers as on
 -- April, 2013
 -- January, 2016
 -- Percentage increase
 8Details of new schemes launched for spread of LPG in the country as well as for the rationalization of subsidy scheme
 8Year-wise, company-wise under recovery of subsidy by the three oil marketing companies (IOC, BPCL and HPCL) over the last four years
 8Break-up of subsidies in terms of whether they are incurred on SKO or LPG or freight and the share of subsidies among the government, upstream companies and oil marketing companies.
 Click on Reports for more Details
Export of petroleum products has fallen in 2015-16, according to pro rata estimates, on account of an upsurge in domestic demand.
8In value terms, the fall is sharper still on account of a sharp drop in prices.
For reference purposes, the website carries here the following details:
-- Item wise quantum of annual exports of petroleum products between 2012-13 and 2015-16
-- Value of such exports in Indian rupees
-- Value of exports in dollar terms
-- Country-wise details of export of petroleum products (India exports petroleum products to 75 countries)
Click on Reports for more Details
Public sector refineries are planning a massive expansion of refinery capacity in the coming years
 Among the major refinery projects lined up are:
 -- West Coast Refinery in Maharashtra
 -- Rajasthan refinery in Barmer
 8For those looking for business opportunities, the RFQ date for the West Coast Refinery is still some time away.
 Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Operation & Maintenance of Bio Gas Plant as per specification for two years [MRPL]  Details
8Maintenance and Operation of Offshore Terminal and Facilities, Paradip [OIL]  Details
8Supply of Ball Valves and Diaphragm Valves, Barauni Refinery [IOC]  Details
8Carrying out External Safety Audit of Hydrocarbon Storage Facility of process plants [GAIL] Details
8Procurement of Liquid Nitrogen, Vijaipur [GAIL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Very soon, your LPG cylinder could be see through transparent ones  Details
8Government allows BPCL to pump in more equity into Bina refinery  Details 
8Iran seeks interest on $6.5 bn due from Indian oil refiners  Details 
8Brazil's Rio de Janeiro state moves ahead with oil and gas tax   Details 
8Total in final stage of $4 bln Yamal LNG financing deal with Russian banks  Details
8KazMunaiGas EP oil output flat in first quarter  Details
8Oil producer Hess reports bigger quarterly loss  Details
8Shell joins the likes of AstraZeneca, to insource software projects to its own centres  Details
8Hess would add Bakken rigs when oil nears $60 per barrel  Details
8Government invites merchant bankers for stake sale in OIL, NFL, RCF  Details
8IOC investing Rs 45K crore to expand refining capacity to meet demand  Details
8Govt to sell 15 per cent in National Fertilizers, 5 per cent in Rashtriya Chemicals and Fertilizers  Details
8Govt cuts LPG subsidy funds by 17% as prices fall  Details
8Iran oil imports surge 50%  Details
You can also click on Newsclips for more Details
Indian refineries must be wary about banking on Iraq for oil supplies.
 8There are reports that under pressure from the ISIS on one side and Kurdish rebels on the other, the state is moving towards a "disintegration of some sort".
 8Importers will have to take into account such a contingency.
 8At some point in time, Indian companies may have to deal with the Kurdish regional government for supply of oil.
 Click on Details for more. Details
A new business opportunity has arisen for suppliers of rigs and well equipment and services for eight wells new wells by an operator in the Ahmedabad and Anand districts of Gujarat.
 8The total project cost is Rs 180 crore.
 8RFQs are likely to be issued shortly.
 Click on Reports for the well coordinates and the name of the operator Details
What has prompted GSPC to cancel 12 LNG cargoes meant to come in 2016-17?
 8Is it because the company is not confident of its ability to find a market for them in India?
 8Or are there other reasons for the cancellation?
 Click on Details to find out more Details
There has been a sharp fall fall in investment in the E&P sector in India. To a large extent the public sector driven E&P industry has been immune to volatility in the global market. Is it being hit now? Click here for more
 8Expect a spate of RFQs for Stage II Vapour Recovery System at ROs going ahead as government has made such recovery mandatory. Click here for more.
 8The long delayed ONGC corporate office is now ready for occupation. Click here for more.
 8The government has no idea about whether the much touted new exploration policy will bring in investments into the E&P sector. No estimates have been made nor surveys conducted to find out the extent of support for such a policy among investors. Click on Reports for more
 8The website carries here year-wise investment data in CBM blocks in India over the last three years. State-wise information is also carried here on prognosticated CBM reserves and established reserves as of now.
 8All kinds of estimates are being floated on the quantum of investment needed by the public sector refineries to switch from BS-IV to BS-VI. Those looking for business opportunities will find to their surprise that the actual figure is much lower. Click on Reports for more.
 8For those looking for business opportunities for composite LPG cylinders, the website carries here useful information on how long it will be before public sector companies launch RFQs for them. Click on Reports for more
 8There are total of 15 inter-state gas pipelines under implementation in India. And GAIL is implementing only seven of them while the rest are are in the private sector. Click on Reports to see who the other promoters are. Are there business development opportunities available in them?
 8The government has allowed oil PSUs the authority to formulate their own policies for import of crude. This will change the 80:20 long term-spot cargo balance in the industry with implications for suppliers of crude. Click on Reports for more.  Details
It is time for Indian policy makers to start looking at methane emissions by the Indian oil and gas industry and evolve stricter norms for such leakages.
 8Methane emissions remain in the atmosphere for much less time than CO 2  but are a far more powerful pollutant while they last. It is thought that 25% of the warming that the world is experiencing right now on the planet is because of methane emissions.
 8There is a lot of work going on in the subject involving multiple stakeholders on optimization of facilities, inclusion of methane in a voluntary company fugitive emissions reduction program, and initiatives in scientific research and technology development,
 8Reducing open flare systems with closed systems can be a big help.
 8The petroleum ministry must call for papers on the subject from the oil companies.
 8A consultant must be appointed to evolve measures to figure out the extent of emissions in India and then look at best-in-class emission norms for implementation by Indian companies.
 8It can be something that the petroleum minister Dharmendra Pradhan will like advocating before the public every once in a while.
 8The clean energy press releases that come out from the petroleum ministry are drab and repetitive and usually ignored by the media. Unless fresh and original work in done on the clean energy front, the ministry's advocacy of clean energy measures will not be taken seriously by the media or the public.
 Click on Reports for more Details
The global LNG industry is banking on a demand upsurge in India to lift the demand-supply mismatch but the Indian market for gas is too shallow at this juncture to justify such hope.
 8There is now confirmation that LNG demand from the main consumers -- Japan and Korea -- is likely to fall rather than grow in the future on account of higher use of alternative energy sources such as nuclear power and solar energy.
 8Demand from China is likely to stay tepid as shale gas supplies go up and massive quantities of gas arrive via pipelines from Russia.
 8Can India fill up the deficit?
 8The answer is "No". Not yet.
 Click on Details to find out more Details
Now that the price of spot gas has fallen on account of a massive oversupply in the market, a price differential has emerged between long term gas supplied by RasGas and spot prices.
 8The buyers in the power and fertilizer sector are not complaining about the differential for the time being.
 8However, other players are beginning to become more sensitive, particularly on account of lower prices from competing fuels such as naphtha and fuel oil.
 8Find out here what is the price differential between spot and long term prices and what is to follow next
 Click on Details for more Details
The fertilizer industry seems to be happy working with GAIL and with long term contracts, like the one that India has with RasGas, rather than go through a tendering process for LNG at regular intervals.
 8This is despite the fact that spot prices may turn out to be lower than long term rates.
 Click on Details to find out why Details
A string of LNG liquefaction plants are slated to come up in India but do they have a market for the gas?
 8The gas consumption data for 2015-16 shows that consumption has been flat at around  37,847 MMSCM and showed no increase at all.
 8This then becomes a challenging environment for a new marketer.
 8Advance market development teams of new LNG liquefaction units -- both in the public and private sector -- are scouting the market for offtake of their LNG but they seem to be up against heavy odds
 8The website provides insights here on where to look for new sources of bulk demand for gas in India today and how to go about tapping these sources
 Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Service Rig for HPHT wells in KG Basin Project, Andhra Pradesh [OIL]  Details
8Supply of Black Steel Line pipes and Conductor Casing [OIL]  Details
8Supply of Sulphuric Acid for a period of one year, Mangalore [MRPL]  Details
8Carrying out HT Feeder Protection Testing, Digboi Refinery [IOC]   Details
8Supply and commissioning of High Temperature Non-Intrusive Corrosion Monitoring Systems, Gujarat Refinery [IOC]   Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Transparent Gas Cylinders to curb Gas Pilferage  Details
8Shifting to Hydrocarbon Exploration Licensing Policy  Details 
8Thailand's PTT signs LNG cooperation deal with Korea Gas  Details 
8India committed to reducing carbon emission by 30-35%: Piyush Goyal   Details 
8Oil hits 2016 high after US crude draw report, gasoline rally  Details
8World Bank raises crude oil price outlook  Details
8Essar Oil finds shale gas in Raniganj CBM field  Details
8India's GSPC cancels tender for 12 LNG cargoes  Details
8Fire yet to be controlled at bio-diesel company, no casualties  Details
8Statoil swings to Q1 profit partly offset by cost cuts  Details
8Vedanta’s THL Zinc seeks rollover of $1.25 billion inter-company loan  Details
8Essar Oil assures Matix Fertiliser of coal-bed-methane supply from June  Details
8Nuclear-power plants to come up in Uttarakhand, Punjab, UP: Government  Details
8Share buybacks by state-run companies on the cards  Details
8Russia's Novatek says Yamal LNG unlikely to get Chinese loans in May  Details
You can also click on Newsclips for more Details
Prime Minister Narender Modi is under attack for GSPC's debacle in the KG Basin.
 8The total investment getting the Deendayal field to full production is estimated to cost around $ 4 billion. And yet the end result will be a gas production of a mere 5 mmscmd.
 8At the gas price now prevalent for High Pressure High Temperature fields, this investment is unlikely to be recouped.
 8The website would not like to comment on the politics behind the investment as it is outside the ambit of this analysis.
 8One conclusion however is evident: that a cash strapped GSPC is not in a position anymore to handle the complicated geology of the field. Even when the going was good, the company did not have the competence. More so now, with gas prices plunging and the geology turning more intransigent to conventional hydro fracturing procedures.
 8The equipment deployed is proving to be insufficient to handle bottomhole fluid temperatures, which are as high as 460 degree Fahrenheit.  
 8What makes it more difficult is that the field contains many faults and GSPC does not have the wherewithal anymore to drill multiple horizontal wells to sustain production.
 8Then again, permeability and porosity are low, and due to this reason, the recovery factor is difficult to pull up even after hydro fracturing techniques are utilized
 8The sulphur in the natural gas is more than the normal level, so production and processing facilities will have to withstand high sulphur content in natural gas 
 8It will take GSPC a long time to ramp up production to the 5 mmscmd level.
 8In its FDP too, the company had projected a slow ramp up, from 0.8 mmscmd, going up to 1.6 mmscmd, then on to 3.5 msmcmd and finally to 5 mmscmd in the third year.
 8Production was meant to have started in December, 2013 but began much later in 2015. All deadlines are currently running well behind schedule.
 8In its latest report, the PPAC claims that production is down in the block on account of complications with well completions. Three of the four development wells have been drilled so far and the fourth is under drilling.
 8There is no doubt that way too much money was sunk in for way too little production.
 Click on Details Details
It is also not entirely correct to say that all of the contracts awarded by GSPC were made  to dubious companies.
 8It will be good if GSPC can actually come out with a fact sheet on the contracts awarded.
 8It should be noted that the Project Management Consultant for the onshore facilities, including the onshore gas terminal, was none other than Engineers India Ltd.
 8Companies such as Schlumberger were involved in the selling of equipment and services.
 8Blade Energy of the US was roped in as a consultant and designer for the critical hydro fracturing design, execution and completion jobs.
 8But the big negative that can go against GSPC and Modi is the fact that the Management Committee had rejected GSPC's contract procedures for the project.
 8The Management Committee, assisted by the DGH, found GSPC's procedures to be too lax. There were too many black spots in the book of contracting procedures.
 8But there is more politics than economics to it in the Management Committee's ruling. This particular point however is likely to be taken advantage of by the opposition waiting for an opportunity to pounce on the Prime Minister.
 8In a large project running behind schedule, when the geology is complicated, restricting contracting to the usual tendering process is time consuming and company operators are often known to try and award some packages without following due procedure.
 8Not having tendering procedures in line with the DGH's diktat cannot be termed  as a flaw unless the contracts were awarded willfully to dubious entities.
 8The point to note is that RIL too had similar problems with its contracting procedures with the DGH and later with the CAG.
 Click on Details Details
What Blade did was only a preliminary assessment of resources in a handful of adjacent ONGC blocks.
 8Much more work is still required to assess these blocks, and figure out the exact quantum of 3P, 2P and 1P reserves. Then the best technology to deploy for their exploitation will have to be zeroed in.
 8If the ultra deepwater side of ONGC's KG-DWN-98/2 block is taken into account, the reserve figures can add up to a very large number indeed.
 8A careful assessment can scale up Blade's back-of-the-envelope estimate of 23 TCF of reserves to perhaps 40 TCF when other assets are taken account of. ONGC admits while the geology is extremely complicated, the upside in reserves can be very high
 8If GSPC's 8 TCF of GIIP in its new discoveries are taken into account, the reserves figure goes up further.
 8The RIL-BP combine's contribution to total reserves in the area can also be significant. BP, like Blade Energy, had been very bullish on gas reserves in the KG Basin.
 8BP had hired CERA to conduct research on how gas output could double in 10 years. The finding was that output can be quadrupled over time if the right price and incentives are given in India, thereby dramatically narrowing the gap between demand and production.
 8Surely it is anybody's guess how much reserves the KG Basin can contain but when all kinds of disparate data is added up, the total can go up to any figure.
 8Reserves anywhere in the region of 50-100 TCF cannot be ruled out.
 Click on Details Details
GAIL has brought in its US cargo at a surprisingly low price.
8The cargo landed last week at the Dabhol terminal.
8Click on Details to find out the price at which the cargo was delivered in India.
8The website also elaborates on the economics of this particular cargo Details
This website had spoken earlier of a collaboration model for development of the KG Basin gas reserves.
 8If each operator goes it alone, the prospect of going horribly wrong is high, as GSPC has found out to its sorrow.
 8The geology is treacherous
 8What has happened to GSPC can happen to ONGC tomorrow.
 8Reliance target production was pegged at 80 mmscmd but its output is currently under 10 mmscmd and declining rapidly even after BP's involvement. Despite the best technological inputs from the multinational, side tracking has not produced results in some of the D-6 wells.
 8The need for holistic work and for sharing of knowledge and infrastructure is understood by all players in the game.
 8It is only the government which seems to be blissfully unaware of it. Or pretends to be.
 8And nothing can galvanize a government more than when crisis stares in its face.
 8The silos have to be broken. The government will have to come down from its high horse and get ONGC, BP-RIL and GSPC to begin talking about joining hands and drawing up a common agenda.
 8The government must explore the possibility of bringing in best-in-class technology for the GSPC block, with the help of BP and consultancies such as Aker and Blade.
 8The inclusion of GSPC in an otherwise win-win collaboration between RIL and ONGC makes the business model much more challenging. The GSPC model will have to be thoroughly revamped. The project has to become viable or else it will be a source of constant irritation to the power that be. When everyone steps in, a viable business and technological solution can indeed be hammered out.
 8And all of this can be done transparently. A CVC representative can become a permanent member of a joint committee to sort out legacy and contractual issues as well as the angularities of individual players,
 8ONGC too will have to make sure that it avoids a potential CAG audit in the future that can hold the management responsible for throwing away an opportunity to save Rs 10,000 crore had it used the spare capacity with RIL in the D-6 block.
 8The window of opportunity is narrow.
 8Collaboration is the only way to guarantee a positive outcome for every stakeholder and that includes the government. Any deal will have to be financially prudent, technologically viable and politically acceptable.
 Click on Details Details
ONGC had taken several steps at that point in time for integrated development of all these blocks. 
 8Blade Energy also employed specialists in drilling, completion, stimulation, facilities, materials, reservoir, and production engineering to conduct a preliminary assessment of ONGC`s current practices to provide recommendation on how to work on these blocks.
 8These reviews covered areas like Drilling and Completions practices, Reservoir Characterization challenges, Well Productivity Issues, Conceptual development concepts and Facility requirements, and Fast track development and monetization of these assets.
 8Blade in fact had talked about a feasible and pragmatic road map to the future.
 8ONGC realized the need to tap global intellectual literature to develop such plays.
 8There was talk for setting up a Centre of Delivery (COD) within ONGC, involving best in-house multidisciplinary manpower to monetize these complicated resources.
 8The point to note that ONGC has already done significant work around the area covering the GSPC block. A collaborative model will lead to a sharing of knowledge leading to innovative solutions.
 Click on Details Details
For the collaboration model to succeed, all three blocks -- RIL's KG D-6, GSPC's KG-OSN-2001/3 and ONGC's KG-DWN-98/2 -- and some other discoveries around them -- particularly by ONGC -- will have to be developed holistically rather than as a piecemeal exercise.
 8Two reports by ONGC will have to be salvaged, taken out of cold storage and investigated again.
 8One is the report by Aker that says that ONGC can save a large amount of money by using RIL's infrastructure built for the KG D-6 block.
 8RIL's Deep Water Pipeline End Manifold (DWPLEM) along with other attendant manifolds as well as the Umbilical Distribution Hub are located a few kilometers away from ONGC's proposed wells and they have the spare capacity for necessary tie-ins.
 8What is more, RIL's Control Riser Platform (CRP) too has a spare capacity for sub-sea infrastructure.
 8All this makes it imperative for ONGC  to rethink on going it alone in its KG Basin deepwater foray. It will just amount to duplication of infrastructure.
 8ONGC had also hired Blade Energy on a nomination basis based on the work it did for GSPC in the Deendayal field, to develop an all-encompassing and consistent strategy for appraisal and exploitation of all the cretaceous-synrift and tight gas plays in its blocks in the immediate vicinity of the GSPC block
 8Blade had estimated gas volumes in the range of 18.4 TCF (12.9 TCF in the IE North Area + 5.5 TCF in the IE South Area). in the the Godavari PML (IG Block) area, while the estimated volume in the other segments was 4.6 TCF(Godavari North Area 1.4 TCF + Godavari South Area 3.2 TCF). Thus, the total estimated in-place volume in the study area was a massive 23 TCF.
 8It is pertinent to note that the geology of these blocks -- in cretaceous - synrift and high pressure-high temperature settings -- is akin to that of the GSPC block.
 8The basic point is that hydrocarbon potential of such low permeability reservoirs in an HPHT setting is somewhat akin to a resource play. There is recognition too that their behavior and associated practices are quite different from a conventional play.
 8Unless the best technology is used and resources are expended economically, it will be difficult to make money from these blocks.
 8This buttresses the argument for a collaborative model for the entire region.
 Click on Details Details
It is important to understand that the Deendayal field -- made up of the KG-8,15 & 17 discoveries -- is not the only one capable of delivering gas in the KG-OSN-2001/3 block
8There are six other discoveries --  KG-16, KG-22, KG-31, KG-21, KG-19 and KG-20SS -- in the block. 
8GSPC had submitted Operating Committee (OC) approved DoCs for all six discoveries for review by the DGH.
8Last heard, the upstream regulator had asked GSPC to prepare a robust dynamic model keeping in mind the retrograde nature of the gas reservoir before the Field Development Plan (FDP) for these discoveries is submitted. 
8GSPC was also advised to carry out simulation studies before the submission of the FDP. 
8Even by DGH's own estimates, the GIIP of the new set of discoveries is an impressive 8 TCF of gas
8Bad permeability and other geological complications make extraction of the gas a difficult affair and the actual gas produced is likely to be much lower.
8Nevertheless the point to note is that there is scope for more gas output, beyond the 5 mmscmd from the Deendayal field, in the block.
Click on Details Details
There is no doubt that a solution will have to be found for the KG-OSN-2001/3 block.
8It is already creating a political storm and quick thinking and astute maneuvering is needed if Modi is to get out of the corner that the opposition is trying to push him into.
8The longer GSPC fumbles in the handling of the project, the worse the situation is going to become, with its attendant political consequences.
8This is a good time for Modi's trusted lieutenant, petroleum minister Dharmendra Pradhan, to step in and find a practical solution. This will earn him the respect of his leader.
8Given that GSPC has really messed it up badly, Pradhan has limited options in front of him.
8A takeover by ONGC will a fragrant attempt at piling on the liabilities of a state entity on to a central government company. No amount of calculations will provide a positive hurdle rate on the investment for ONGC to justify such a takeover.
8An outright sale is not possible either, given the low ruling price of gas. There will simply be no takers.
8The best way out for Pradhan is to figure out how to make the investment financially viable again.
8And this website believes that only a collaboration model -- where promoters of all adjacent blocks (which includes ONGC in one, the formidable RIL-BP combine in another and GSPC in the Deendayal field) work in tandem -- provides hope for the salvation of the GSPC block.
Click on Details Details
On hindsight it is easy to blame a faulty business and design model for the fiasco.
 8To begin with, GSPC had agreed to "carry" the 10% interest of the little known Barbados-incorporated GeoGlobal Resources in return for technical help for the block. The company had partnered GSPC not just in the KG-OSN-2001/3 block but also in the CB-ONN-2002/3, CB-ONN-2003/2 and the Tarapur (CB-ON/2) blocks.
 8But then RIL can also be faulted for collaborating with the now bankrupt Niko in the KG Basin. At that point in time, the Indian hydrocarbon industry did not attract the big guns of the global oil and gas industry, and local companies were forced to tie up with the likes of Niko and GeoGlobal for technical expertise.
 8The point to note is that while Modi was the chief minister, GSPC's relationship with GeoGlobal turned sour. The latter was refused its share of profit petroleum from the Tarapur block.
 8Then again, GSPC refused to "carry" GeoGlobal's  interest in the KG Basin block on the ground that its partner refused to honour cash calls even though the terms of the deal between the two was for GSPC to "carry" the stake under all circumstances.
 8It is quite evident that Modi and GSPC were angry at having to "carry" GeoGlobal's 10% PI without the attendant technological support from it.
 8The Congress government, sensing an opportunity to hit back at Modi, ruled in favour of GeoGlobal's right to be permanently "carried", claiming that the PSC did not allow for a change of equity under the conditions cited by GSPC.
 8While GSPC may have erred in the choice of its partner, the fact that the relationship fell apart upon GeoGlobal's inability to deliver on its promise can be taken as a testimony of the lack of any underhand quid pro quo when the partnership was first established.
 Click on Details Details
For reference purposes the website carries here the following tenders:
8Laying of High pressure coal gas pipeline section for new Industrial coal gas connections [GCGSCL]  Details
8Procurement of spare valves for Coke Cutting Pump Suction [MRPL]  Details
8EOI for provision of Open Yard and Warehouse facility for its Exploratory Drilling Campaign [OIL]  Details
8Hiring of Services for Drilling of Directional Wells, Duliajan [OIL]   Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Investment in clean energy at Rs 90,841 crore in last 3 fiscals: Government  Details
8Gujarat State Petroleum Corp defaulted on Rs.19,700 crore bank loan under Narendra Modi: Congress  Details 
8Saudi Arabia targets 9.5 GW of renewable by 2030  Details 
8BP Q1 2016 profit $532 million compared to $2.6 billion for Q1 2015   Details 
8Diesel isn’t a bad guy, only issue is emission: Akito Tachibana  Details
8China's CNPC oil and gas output to reach 300 mln T of oil equivalent by 2020  Details
8Subsidy on petroleum products comes down from Rs 1,63,782 in 2012-13 to Rs 22,085 cr in 2015-16   Details
8'New' E.ON eyes net profit of up to 1 bn euros this year  Details 
8349 mining proposals granted environment clearance in last two years, 85 in the coal sector: Prakash Javadekar  Details 
8India's fuel demand likely to rise 7.3% in FY17 from 183.5 million tonnes to 190.03 million tonnes   Details 
8Dana Gas says no deal with Iran on gas imports  Details
8India's oil imports from Middle East rise to 59 percent  Details
8Coal tops value of minerals in February 2016 at Rs 8,662 crore, petroleum came second at Rs 5,266 crore   Details
You can also click on Newsclips for more Details
There are limited options available for GAIL for delivering US LNG directly to India.
8The website examines the various options and the feasibility of these options.
8Also find out more on the scenarios under which LNG will enjoy a cost advantage in the Indian market.
 Click on Details for more Details
Refinery production during March, 2016 was 21383.07 TMT which is 9.72 percent higher than the target for the month and 10.81 percent higher than the production during corresponding period of last year.
 8PSU Refineries’ production during March, 2016 was 11951.734 TMT which is 4.88 percent higher than the target for the month and 9.01 percent higher than the production achieved in the corresponding month of last year.
 8Cumulative production of PSUs during April, 2015-March, 2016 was 126277.37 TMT which is 2.49 percent higher than the cumulative target and 4.20 percent higher than the production during the corresponding period of last year. IOCL, Guwahati: Delayed stabilization of units after planned shutdown.
 8Production in JV refineries during March, 2016 was 1574.90 TMT which is 24.76 percent higher than the target for the month and 9.43 percent higher than the production achieved in the corresponding month of last year.
 8Cumulative production in JV refineries during April, 2015-March, 2016 was 17115.51 TMT which is 20.53 percent higher than the cumulative target and 26.53 percent higher than the production during the corresponding period of last year.
 8Production in private refineries during March, 2016 was 7856.44 TMT which is 15.02 percent higher than the target for the month and 13.97 percent higher than the production achieved in the corresponding month of last year.
 8Cumulative production in private refineries during April, 2015-March, 2016 was 88662.01 TMT which is 2.10 percent higher than the cumulative target and 0.15 percent higher than the production during the corresponding period of last year.
Click here for more. Details
OIL’s natural gas production during March, 2016 was 253.68 MMSCM which is 0.76 percent lower than the target for the month and 9.31 percent higher than the production achieved in the corresponding month of last year.
 8Natural gas from private/JV's production during March, 2016 was 643.21 MMSCM which is 8.05 percent lower than the target for the month and 12.53 percent lower than the production achieved in the corresponding month of last year.
 8Reasons for the shortfall are given below:
 -- Underperformance of wells due to sand ingress and water loading in KG-D6 of RIL.
 -- Well completion issues in KG-OSN-2001/3 and increase in water cut in existing wells in CB-ON/2 block of GSPC
 -- M&S Tapti: Production stopped in March 2016.
 -- Natural decline in gas production from Ravva, Panna-Mukta, PY-1 and Hazira.
 -- Dewatering issues in CBM blocks in Raniganj East, Raniganj South and Sohagpur West.
 -- 4 days planned shutdown in RJ-ON/6
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The natural gas production in India in March, 2016 has gone down to 2539.65 MMSCM, which is 16.63 percent lower then the targeted production of 3046 MMSCM.
 8Cumulative natural gas production during April, 2015-March, 2016 was 32249.21 MMSCM which is 8.59 percent lower than the target for the period and 4.18 percent lower than the production during corresponding period of last year.
 8ONGC’s natural gas production during March, 2016 was 1642.76 MMSCM which is 21.44 percent lower than the target for the month and 12.14 percent lower than the production achieved in the corresponding month of last year.
 8Reasons for the shortfall are given below:
 -- Bassein & Satellite: BPB under shutdown since 14th Mar’16 for carrying out reconstruction activities under the “Reconstruction of BPA & BPB Platforms “Project. Less than expected production from new development/side track wells, decline in production from Bassein field.
 -- Mumbai High: Delay in commencement of production from new and marginal fields.
 -- Eastern Offshore: Delay in commencement of production from one deep water well (S2AB) that was planned from June’15. Hook-up of well with G1 facilities is in progress for which both the sub-sea wells of G1 field are closed since 9th Mar’16.
 -- Ahmedabad: Closure of wells due to unplanned shut down of GAIL Gas line from Ahmedabad/Kalol to Ramol.
 -- Decline in associated gas production from Jhalora, South Kadi & Gamji fields
 -- Rajahmundry: Closure of 36 wells as GAIL pipelines in Tatipaka-Lanco & Endamaru-Oduru sections are still under repair.
 -- Assam: Decline in associated gas production in Geleki, Lakwa & Rudrasagar fields
 -- Tripura: Less off take by OTPC, TSECL Baramura & NEEPCO Monarchak etc.
 -- Cauvery: Closure of wells due to less off-take by consumers in Ramnad / Kovilkallapal area in Karaikal.
Click here for more. Details
Oil India Limited (OIL) produced 0.268 MMT during the month, which is behind its planned production of 0.316 MMT by 15 percent.
 8Cumulatively also, production during April, 2015-March, 2016 was 3226.04 TMT which is 10.26 percent lower than the cumulative target and 5.45 percent lower than the production during the corresponding period of last year.
 8Production was affected primarily due to the rise in water cut in wells in Salmari, Dikom, Greater Chandmari and Greater Hapjan Fields. Permanent loss at Makum & Hapjan OCS and loss of production due to Assam bandhs added to the shortfall.
 8Crude oil production of private/JV companies rose up by 1.50  percent during the month, having produced 0.923 MMT as against the targeted 0.909 MMT.
 8Production during April, 2015-March, 2016 was 11356.01 TMT which is 5.95 percent higher than the cumulative target and 3.64 percent lower than the production during the corresponding period of last year.
 8Natural decline of Cairn's Ravva and Mangala fileds and underperformance of Bhagyam wells in RJ-ON-90/1, and under performance of RIL's wells in KG-D6 hampered the production volumes.
 8In addition to that, well completion issues in GSPC's KG-OSN-2001/3 and higher water cut in CB-ONN-2000/1 also added to the shortfall.
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Crude oil production across the industry during March, 2016 was 3.062 MMT, representing a 4.79 percent lower growth than planned target of  3.704 MMT.
 8The production during the month was also lower by 5.09  percent than the figure of 3.226 MMT in March last year. The cumulative production during April, 2015-March, 2016 was 3.694 MMT which is 0.26  percent lower than target for the period and 1.36  percent lower than the production during corresponding period of last year. 
 8ONGC’s crude oil production during March, 2016 was 1870.06 TMT which is 6.04 percent lower than the target for the month and 4.04 percent lower than the production achieved in the corresponding month of last year.
 8The shortfall is attributed to the less than anticipated production from Madanam field and closure of wells in Ramnad area due to less offtake.
 8In the Mumbai High region, the delay in commencement of production from B127 cluster and less production from Cluster-7  and WO-16 cluster brought down volumes to some extent.
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RIL too is looking at project consultants and contractors for its KG Basin development work.
 8What the company is going to do, just like ONGC, is to go through FEED and subsequent contracting processes.
 8The RIL-BP combine has submitted the Declaration of Commerciality for the D-55 discovery in the D-6 PML and work is progressing on this front too.
 8Between ONGC and RIL-BP, a significant amount of investment is going to emerge in the KG Basin in the coming months.
 8The website will keep you posted on all developments not just in the ONGC project but also in similar contracts that are to be given out by the RIL-BP combine in the KG Basin.
 Click on Details for more. Details
ONGC has awarded the Pre Front End Engineering Design (FEED) contract for the Rs 34,000 crore investment in the KG-DWN-98/3 block.
 8The same company is now going to be the Project Management Consultant for integrated contracts for the project.
 8The consultant had earlier assisted in drawing up the Field Development Plan in the block.
 8The pre-FEED will move on to FEED and then go on to the contract stage.
 8The Board has given a go-ahead to the project but management approval for the pre-FEED contractor is still awaited.
 8Click on Details for the name of the company and its activities in India.
 8There is big business ahead in the pipeline for equipment and service providers in this project.
 Click on Details for more.   Details
For reference purposes the website carries here the following tenders:
8Procurement of Online Effluent Quality Monitoring System, Vijaipur [GAIL]  Details
8ARC for statutory inspection of pressure vessels and thickness survey of pipes, Assam [BCPL]  Details
8Services for miscellaneous Instrumentation Jobs to be carried out during shutdown in FCCU & VBU, Mathura Refinery [IOC]  Details
8On-line leakage sealing of various Hydrocarbon pipelines by composite pipe repair and strengthening system, Haldia Refinery [IOC]   Details
8Supply of spares parts for Micro GC Refinery Gas Analyzer, Faridabad [IOC]   Details
8Maintenance of Heat Exchangers, Guwahati Refinery [IOC]   Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Setting up an Integrated Refinery-cum-Petrochemical complex in Maharashtra  Details
8Cairn India stock down over 3% on highest-ever quarterly loss  Details 
8Saudi Aramco studying offers for Indian oil refinery stakes: Dharmendra Pradhan  Details 
8IMF expects $500B revenue loss for Mideast oil exporters   Details 
8OMCs claim Rs 1.1 lakh crore subsidy on domestic LPG in the last three financial years  Details
8BPCL gets green nod for Rs 694 crore LPG project in West Bengal  Details
8Premier Oil shareholders support acquisition of E.ON North Sea assets  Details
8Government to save Rs 54,223 crore as oil subsidy slides 29% in 2015-16  Details
You can also click on Newsclips for more Details
Naphtha consumption recorded a growth of 3.0 percent during the month of March, 2016 and a a massive 20.9 percent on cumulative basis for the period April 2015 to March 2016.
8Growth is on account of higher use of Naphtha by the petrochemical and fertilizer sectors.
88During March, 2016, the growth in consumption of ATF was 8.8 percent and on cumulative basis, a growth of 8.7 percent was recorded on account of rapid growth in air travel.
8India’s domestic aviation market grew at over 22.5 percent during April 2015 to March 2016 on the back of increasing disposable incomes, fall in prices of ATF and an increase in tourism. reforms,  
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The dramatic fall in oil and gas investments in 2015 -- spilling over to 2016 --  is not good news even for those who are working against the fossil fuel lobby.
8There has been a 24% reduction in investment in 2015 and another 17% is expected in 2016. After the US, the highest cut in investments is in Asia.
8New research shows that if lower prices persist for decades, and as others find it uneconomical to produce, reliance on low cost Middle Eastern oil will go back to the level of 1970s with the consequent risk of a sharp rebound in prices if investments continue to fall.
8Lower prices will also undercut essential policy support for the global energy transition as weaker incentives will shave off up to 15% in energy efficiency savings.
8Reduction in revenues to key producers and the boost in global demand -- because of low prices -- will make it difficult to keep prices down at reasonable levels after a point in time, causing sharp spikes and disruptions in the market.
8New research has pointed out five key measures needed to save almost 5 GT of emissions by 2030 and achieve a global emission peak by 2020, without harming economic growth and using only proven technologies.
8Clearly, rapid action is needed before it is too late.
Click here for more. Details
March 2016 consumption data shows that demand for petroleum products continues to grow at an unabated speed.
8India is now moving towards the centre of the world energy stage.
8The largest chunk of incremental demand between 2016-2040 will come from India and not from China or anywhere else in the world.
8India will be responsible for almost two-thirds of the extra consumption of coal and more than a quarter of the demand for oil in this period.
8New infrastructure, an expanding middle class and 600 million electricity consumers mean a large rise in energy required to fuel India's development.
8There is the other side of the story too: India will add the largest solar energy capacity, after China, in the world between now and 2040 but will that be enough to counter the rise in emissions from increasing fossil fuels.
8India's galloping rise in consumption of petroleum products is creating ripples on both sides of the climate change divide.
8Those in favour of mitigating climate change by curbing emissions see in India the same growth trajectory as was noticed with China and the disturbing possibility of Indian leaders not being able to keep emission levels under check in the face of a strident demand for energy from its underserved population.
8For the fossil fuel industry, India provides the hope of continued demand for their products, which will keep prices from falling below a particular level.
8Will the world hurtle towards the cataclysmic 6 degree increase in temperature or will it be able pull back and keep it under the 2 degree mark?
8Largely by default and by sheer coincidence, India is going to play a big role in this deadly game which will eventually determine the fate of mankind.
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MS (Petrol) consumption was up by massive 21.5 percent during March, 2016 as compared to March, 2015 while the the cumulative growth was 14.5 percent for the period April 2015 to March 2016.
8The healthy growth rate can be attributed to the various election campaigns running in the states of West Bengal, Assam, Tamil Nadu, and Kerala.
8The month of March, 2016 witnessed highest ever sales volume of 2046.5 TMT.
8The declining prices of MS have resulted in a greater usage of cars and two wheelers and consumer preference for petrol driven vehicles.
8The narrowing price gap between diesel and petrol has resulted in a shift towards petrol driven cars.
A moderate base, expansion of city limits and non-improvement in the public transport system contributed to push MS growth.
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Natural gas consumption in the month of March, 2016 witnessed a growth of 13.4 percent as compared to March, 2015.
8In terms of volumes, total consumption during March, 2016 was 3,289 MMSCM as compared to 2,900 MMSCM in March, 2015.
8Cumulatively however gas consumption grew by only 0.30 percent from 37,736 MMSCM in 2014-15 to 37,847 MMSCM in 2015-16.
8Even as gas stayed flat, competing fuels such as FO and naphtha showed a substantial increasing on account of falling prices, pointing to some kind of a substitution effect with gas.
8The financial year 2015-16 has shown a flat growth over last financial year 2014-15 due to fall in domestic production that overwhelmed the compensatory consumption of gas volumes by the power and fertilizer sector under the pooling mechanism. 
 Click here for more. Details
The PNGRB has decided to put off the seventh round of bidding for city gas distribution projects.
Clearly, the regulator needs more time to prepare for the bids on account of criticism that not enough homework is being done before bids are invited.
8A public hearing was scheduled on what kind of information PNGRB, particularly in connection with gas supply, is meant to provide to bidders.
8The sale of bid document will now begin from May 16 and close July 14, 2016.
8Bid documents will be available for viewing from May 16 onwards only now, according to the revised schedule.
Click on Reports for more Details
GSPC is planning to drill two wells and set up equivalent surface production facilities  in its CB-ONN-2003/2 block
8These are producer wells and production is expected to be in the range of 3-5 scm and 5-7 scm per day respectively.
8The exact break-up of crude and associated gas production is given here.
8Click on Reports for more information on the depth of the wells as well as their coordinates
 Details
BPCL has been accorded approval for a Rs 700 crore refigerated LPG import, storage, bottling and bulk distribution facility at Haldia dock in West Bengal.
 Among the facilities that will be installed in the project are:
 8Two marine unloading arms
 8Manifold at the jetty
 8Skid mounted air compressor cum drier
 8Unloading pipelines
 8Refrigerated and bullet storage tanks along with flash and boil off compressors
 8Bulk loading and bottling capacity
 8Offsite and utilities will require mercaptan dosing system, nitrogen storage system, flare system, fire fighting system, besides water and electricity
 8DG sets of 9000 KVA
 Click on Reports for full specification Details
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