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Sep 2016

ONGC has taken a decision last week to award a Rs 130 crore contract for the Owner's Engineering Consultant for the development of the KG-DWN-98/2 block but on a post-facto basis.
8This means that the kick off for the engineering for the block that will lead to award of $ 5 billion worth of contracts started a few months earlier.
8ONGC provided a tight time schedule to do the integrated pre-FEED, Basis of Design and Technical Bid Package preparations for the project.
Click on Details to find out more  on the consultant who has been selected and on what criteria it has been selected. Details
ONGC sources said that the consultant in fact had begun working on the Owner Engineering Consultant from earlier on.
8This is usually not the way business is done but ONGC is bending the rules because it is keen on completing the KG-DWN-98/2 development project done within the timeline it has set for itself.
8Already progress on the engineering aspect of the job has begun in earnest and a reasonable amount of work has been covered.
8The decision to award the contract was taken on a post facto basis.
8Specific deadlines have been set for completion of the work of the consultant.
Click on Details for more Details
An LNG cargo has landed in Kochi, with a price tag of $5.13/mmbtu last week.
8This cargo has come in after a long time. PLL claims that the current utilization rate for Kochi is just 3%.
8And there are no signs yet that the evacuation pipelines are going to be come up anytime soon.
8Meanwhile a cargo from Nigeria LNG has come into Hazira at a price of less than $5/mmbtu
8Juxtaposed against this, the long term rich gas cargo from RasGas continues to remain very expensive at $6.81/mmbtu
8Click on Details for a full set of LNG cargo prices, including name of the producer of LNG, category, grade, origin, destination port, price and quantity.
We also provide producer wise price charts of ex-ship prices to Indian ports over time Details
For reference purposes the website carries here the following tenders:
8Providing civil works at "TVAW" drill site, Karaikal Details
8Supply of Steam Naphtha Reforming Catalyst and Associated Services, Gujarat Refinery Details
8Rate contract for miscellaneous piping jobs and other allied maintenance jobs, Haldia Refinery Details
8Installation of pipeline across sukri river by Horizontal Directional Drilling technique [IOC] Details
8Hiring of Consultancy Service for study of Production Sustainability & Flow Assurance of Chabua Oilfield, Assam Details
8Construction of various drilling locations and other major works in Jaisalmer district Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Rising oil import costs may become Asia's growing pain Details
8Dabhol, Lanco among 9 power plants to win gas supply Details 
8Russia says Japanese banks interested in LNG projects Details 
8Iran ready to help restore oil market balance after it regains share - official Details
8Use carbon free fuel to reduce Green House Gas emissions, says US envoy Details
8Oil ministry team visits Jajpur village to set up underground rock cavern Details
8Petroleum sector could face over Rs 2.4 lakh crore impact of project delays Details
8Russian energy minister plays down oil output freeze discussion Details
8Oil glut to ease by 2017, clean energy investment to rise - IEA's Birol Details
8Oil heads for biggest weekly loss since mid-January Details
8Biodiesel producers seek legislation to tap used cooking oil from restaurants Details
8IOC plans to double refining capacity by 2030 Details
8'States await Rs 24,000 cr bounty from excise on oil products' Details
8RIL made “unjust” gains by pumping natural gas in Krishna-Godavari basin: AP Shah Committee Details
8Reliance Industries vs ONGC: AP Shah panel muddies water further on theft Details
8Iran holds talks with India on development of Farzad-B Gas Field Details
8India to carry petroleum products via Bangladesh Details
8Government engaged in phase 2 of building strategic oil reserves Details
You can also click on Newsclips for more Details
The job of quantifying the compensation has been passed on to the government by the Shah Committee.
8But figuring out the compensation is not going to be all that easy.
8It will quite obviously not going to be anywhere near the amount sought by ONGC.
8Even the Shah Committee agrees that OPEX and CAPEX will have to be taken into account.
8Eventually, if the government is to be compensated, then it will be a lesser amount of compensation, as the government will only be entitled to profit petroleum from out of the gas that had migrated.
8There will also be the question of whether royalty payment should be excluded or included in the payment.
8One line of argument could well be that since RIL is already paying profit petroleum, the government is already getting its due compensation and nothing more is due to the government.
Click on Reports for more. Details
For reference purposes, the website carries here the immaculately argued full report of the Justice Ajit Prakash Shah Committee Report on the extraction of gas by RIL's D-6 block from the adjacent fields of ONGC.
There are some very interesting findings in the report:
8It was a 2003 appraisal report commissioned by Niko, the minority partner in the KG=D-6 block, that clearly established that there was migration of data from ONGC's neighbouring blocks that clearly established that RIL has prior knowledge of the migration.
8The report also clearly establishes prior knowledge on the part of ONGC too about migration of gas taking place.
8Prior knowledge from both sides notwithstanding, the Committee quoted from various provisions of the PSC and legal precedents to argue that RIL will have to compensate for the migration of gas."RIL’s production of migrated gas and retention of the ensuing benefits amount to unjust enrichment, since the PSC, in the absence of an order on joint development under Article 12, does not permit a contractor to produce and sell migrated gas.
8The Shah Commission recommended that compensation for migration of gas should be paid to the government and not to ONGC after the counsel for the DGH went out of his written brief to argue that it was the government and not ONGC which was the rightful owner of the gas. Neither the DGH nor the government had asked the counsel to depart from his written brief.
Click on Reports for more Details
If ONGC were the claimant to the gas, the compensation to be paid by RIL would have been much higher.
8The payment would have had to take into account the actual loss of income to ONGC from out of the gas that migrated out of its fields.
8What actually did ONGC in was the counsel for the DGH who digressed from his written brief to argue a case that neither the regulator nor the government had directed him to do.
8His position however was found to be legally tenable by the Shah Commission. Perhaps that was the right position.
8Given that the recommendations go against the interest of ONGC, what will the company do now?
8Let's wait and watch what happens next.
Click on Reports for more Details
ONGC has made a claim for the following financial compensation, according to the Shah Committee Report:
89.476 BCM gas extracted from its blocks, KG-DWN-98/2 and Godavari PML from April, 2009 till 31.12.2015, with interest @ 18 % p.a. till the date of payment;
81.435 BCM migrated gas to be extracted by RIL from 01.01.2016 to 31.03.2019 on monthly basis at a price realisable by RIL from time to time along with interest at 18% p.a. calculated from the end of each  month till payment;
87.3359 BCM gas as stranded gas, estimated to be not recoverable/under-recovery because of damage to the reservoirs by RIL along with interest @ 18 % p.a.
8This totals up to a large volume of money by any yardstick though no one is really keen to quantify the amount.
Click on Reports for more Details
The Shah Commission has asked for an investigation into why ONGC did not take action despite prior knowledge that migration of gas was taking place from its blocks.
8The DGH made it clear that prior knowledge was available with ONGC since 2007.
8But the company chose to wait till 2013 to take appropriate action.
8The Commission notes that the "dispute could have been avoided to a great extent if ONGC had acted with diligence to bring the issue of connectivity to the notice of the DGH".
8The reasons for such inaction may be probed further, the Commission has insisted.
8The Commission in fact had sought the relevant papers from ONGC before recommending a probe into the inaction.
8Will the government now order a probe to catch the real decision makers in ONGC who feigned ignorance and decided to look the other way?
8It must.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Mechanical Engineering Services for Piping Analysis and Equipment Design, Digboi Refinery Details
8Procurement of Helium Gas for Dibiyapur Region Details
8AC Interference Survey for GAIL KG Basin Pipeline Network, Andhra Pradesh Details
8Procurement of Complete Heat Exchanger for C2/C3 Reboiler Installed in LPG unit, Pata Details
8Calibration of Pressure Gauges and Temperature Gauges, Guwahati Refinery Details
8Supply and installation of injection gas flow measurement system, Mehsana Asset Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8OMCs turn mixed after hike in petrol diesel prices Details
8Hilly states to get "priority state" status for LPG Details 
8Subsidized LPG rate hiked while Non subsidized LPG rates slashed Details 
8G K Satish takes over as Director-Planning and Business Development at Indian Oil Corp Details
8Oil dives on bearish US inventory report Details
8Foundation stone to be laid for revival of Talcher fertilizer plant soon Details
8LPG not just gas, it’s catalyst for social change: Petroleum Minister Dharmendra Pradhan Details
8Vivekanand appointed Director-Finance at ONGC Videsh Details
8Shah panel report on RIL-ONGC dispute puts government in a fix over compensation Details
8Oil steadies as Saudi sees OPEC "common position" Details
8First International Conference on LPG inaugurated in Bhubaneswar today Details
8Ambani says RIL, BP will not drop cost recovery arbitration for KG-D6 Details
You can also click on Newsclips for more Details
As far as the banking system is concerned, the impact on lenders of low prices is that banks' loan book towards the Petroleum, Coal Products and Nuclear Fuels sector registered a decline of 19% from Rs 635 billion as on March 2014 to Rs 512 billion as on March 2016 as against banks' total loan book annual growth of around 8% during the same period. The decline was on account of the meltdown in oil prices which lowered the working capital requirement of oil marketing companies (OMCs) considerably.
8The debt market issuances for major oil companies have also dried up and the proportion of issuances by these companies has remained below 0.5% (of total issuances during the quarter) for four out of the last five quarters (Q4 FY2015 to Q4 FY2016). Most of the banks exposure to the sector was towards OMCs.
8Nonetheless, despite the significant volatility in oil prices, vulnerability of the  exposure to the sector remain low as the credit profile of OMCs remain strong (rated at highest level) on the back of majority sovereign ownership, strong financial flexibility and their dominant and strategically important position in the Indian energy sector.
8Overall, the fall in crude oil prices has been negative for the upstream sector, especially the private sector companies whereas PSU upstream companies were relatively less impacted due to fall in the subsidy
 burden.
8Post adverse impact of inventory loss in FY2015, the downstream segment entities benefited materially from the fall in crude oil prices as is reflected in their performance in FY2016. The impact on midstream companies was moderately positive due to higher demand and margins on spot LNG due to lower prices of the same.
Click on Reports for more Details
Most Indian industrial segment users have benefited from the decline in crude prices in terms of reduction in their raw material and/or energy costs. The same has translated to a significant improvement in their EBITDA margins in FY2016.
 8The benefit from lower input prices has allowed industries facing significant demand side/competitive pressures (like aviation, shipping) to earn higher margins on their operations, thereby providing significant relief to their cash flows.
 8In certain industries like Paints and Adhesives, due to the presence of a few strong organised players, the companies have retained the benefits of lower input costs and earned significantly high margins.
8Overall, the transmission of benefits from lower costs has been different across sectors, nevertheless, lower price and higher disposable income have resulted in higher demand growth for Indian industries.
8Retail consumers have not benefited to the extent possible in terms of retail price of auto-fuels MS and HSD as the Central and State Governments have retained a significant proportion of the reduction in costs  by way of higher excise duty and VAT respectively. In case of the regulated prices of SKO and LPG, while the prices have remained unchanged, the overall subsidy burden to the government has reduced significantly.
8Thus, overall, higher revenue collections and lower subsidy payouts would indirectly benefit consumers in the longer run through increased GoI spending on infrastructure, if the oil prices remain at the current level.
Click on Reports for more Details
The downstream sector in the country has benefited from the fall in crude oil prices, among other reasons, providing a push to the demand of petroleum products. demand increased to 183.5 MMT in FY2016 from 165.5 MMT in FY2015 registering a growth of 10.9% (YoY), the highest level since 2000. This kind of demand growth was the highest in the last two decades and was on a much larger base, primarily driven by economic recovery and acceleration in demand on the back of lower crude oil prices.
8The impact of lower crude oil prices is reflected by the fact that demand of products like naphtha and FO, with overall decline in consumption by 2.3% pa and 7.9% pa during FY2005-FY2015, reported an increase of 20.9% (YoY) and 11.9% (YoY) during FY2016. The marketers have been able to improve the marketing margins on most petroleum products due to lower crude oil prices and robust domestic demand growth.
8With the sharp fall in crude oil prices during H2 FY2015, high inventory losses made a significant impact on GRMs, which were at extremely low levels in FY2015 for most of the refineries.
8Driven by healthy global crack spreads, most of the domestic refineries reported materially high GRMs in FY2016, the highest level in the last five years for most of the companies. The medium term outlook for GRMs is healthy and in line with healthy demand levels and expectation of demand growth exceeding supply addition globally.
8Low crude oil prices could continue to support the demand growth despite modest global economic prospects. In India, the demand growth would be healthy in line with improving economic activity. Overall, despite certain moderation from high levels reported in FY2016, the crack spreads of most of petroleum products are expected to be healthy leading to high GRMs in the near to medium term. Besides, any recovery in crude oil  prices may also lead to inventory gains for the refiners.
Click on Reports for more Details
In the midstream segment, tariffs of natural gas transmission companies are independent of crude oil or natural gas prices and are regulated by PNGRB. In line with low crude oil and LNG prices, the growth in LNG imports and thus RLNG transmission volumes is expected to be healthy in the near to medium term, even as domestic gas volumes would increase only over the medium to long-term. With overall moderate growth in gas transmission volumes, there could be moderate positive impact of the same on profits of gas transmission players in FY2017. Further, the players may also benefit from expected increase in tariffs of under-utilised pipelines as per notification of PNGRB in January 2016.
8The outlook on marketing margins on spot LNG is positive for the next one to two years as the prices of spot LNG are expected to be low, making it more affordable. Further, while any recovery in crude oil prices would lead to higher prices of competing fuels, spot LNG may continue to see favourable economics as the increase in spot LNG prices could be lower than those in liquid fuels due to a discount on its prices (relatively lower slope than the past average) due to the oversupplied global market and the declining demand from Japan as they gradually restart their nuclear reactors. LNG import has been on an increasing trend in India over the last few years as R-LNG consumption.
8The price sensitivity of R-LNG demand against liquid fuels would be critical for RLNG demand, which is expected to grow due to shortage of domestic gas. It is felt that if the regasification terminals, as planned, come on stream over the next four to five years, the new entrants would face significant pressure on volumes and margins as they will have to compete with the existing terminals and the brownfield expansion, which are more cost efficient because of lower capital intensity.
8Going forward, the margins on CNG and PNG are anticipated to be healthy with an upward bias over the medium term. However, the PNG(i) segment continues to face stiff competition from liquid fuels like furnace oil, LSHS and naphtha. Nonetheless, considering the fall in long-term and spot LNG prices, the demand and margins are expected to marginally increase in the near to medium term. ICRA believes that the price economics of spot LNG or long-term RasGas would be favourable against the liquid fuels over the near to medium term, unless crude oil prices again decline significantly from the current level of US$50/bbl (in the beginning of June-2015).
Click on Reports for more Details
A 100 page paper analyses the impact of low and gas prices on the Indian oil and gas industry and arrives at the following conclusions:
8The fiscal deficit has not shown a commensurate fall for various reasons
8The pace of growth of sales tax/VAT collections on petroleum products has eased significantly, as such levies are typically on ad valorem basis.
8The impact on ONGC and OIL has been limited so far as their crude oil realisations were earlier dampened by large under recovery sharing burden. The impact of the decline in international prices of crude oil has been higher on private upstream players who did not have subsidy-sharing burden and overseas ventures of ONGC, OIL and RIL etc. Nevertheless with a decline in the cash-generating ability (due to lower realisations on sale of oil and gas) of their E&P blocks, upstream companies such as ONGC, OIL, Cairn and RIL have recognised an impairment loss (Rs 183.3 billion during FY2016) in their book of accounts.
8In August 2015, the GoI announced that it would share an under-recovery of up to Rs. 12/litre on SKO (PDS), and on LPG (domestic) up to Rs. 18/kg under (which translates to Rs. 255.6 per cylinder) and the balance subsidy would be borne by upstream companies. As the GoI has capped its subsidy share, any significant rise in crude oil prices could lead to disproportionate increase in the burden on upstream companies, thereby limiting any upside from an increase in crude oil prices. The net realisations (post subsidy burden) of upstream companies vary from US$44/bbl to US$52/bbl (excluding the impact of rise in cess burden) for global crude oil prices of US$45/bbl to US$70/bbl.
8With the low oil price scenario upstream companies have undertaken various cost optimisation measures including re-negotiations with existing contractors for lowering the rental/unit rates/services cost. Additionally, private upstream players are scaling down their capital expenditure (capex) programme even though the PSU companies are maintaining their exploration and production programme, though the capex in value terms has reduced, owing to the lower cost of prevailing oil field services.
Click on Reports for more Details
The PNGRB has taken cognizance of a complaint that IOC did not go through the EOI route to build the 670 km Paradip-Durgapur LPG pipeline.
8The pipeline has been further extended up to Panta and Muzzafarpur
8IOC argues that the pipeline is being built on a captive basis and therefore does not need authorization.
8The regulator has now asked IOC to respond the complaint that IOC's building of the pipeline is in violation of Section 48 and 50 of the PNGRB Act.
8The argument of the complainant is that IOC did not have any authorization either from the PNGRB or the central government to build the pipeline. The company wanted to avoid the bidding process through the EOI route because it wanted to avoid losing control over the pipeline.
8Also by staying away from the clutches of the regulator, IOC wanted to get away by charging exorbitant tariff of its choice to customers.
Click on Reports for more Details
The fall in LPG prices -- from $1175 per tonne in January 2014 to $ 353 in June 2016 -- and the fact that India still imports a large quantity of LPG -- about 9.2 MMTPA in 2015-16 --is prompting a rush of private sector companies to set up LPG import facilities in India.
8Business development opportunities abound in this segment now.
8One such opportunity for development of up to 3 MMTPA of capacity is coming up.
The requirements will also be for:
8An FSO along with an SPM
8A sub sea pipeline
8Mounded storage tanks
8Tank truck loading gantry
8On land pipeline connectivity
Click on Reports for more Details
Indian Oil Corporation's GRM of $10/bbl has in Q-1, 2016-17 has come as a surprise for oil industry analysts.
8The expectation was that the GRM would be around $6.7/bbl
8Higher than expected inventory gain and better operational efficiencies lead to the higher GRM
8It is unlikely however that IOC will be able to maintain this premium performance in the next few quarters.
8But lower interest costs, the ramp up of the Paradip refinery and the refief from the subsidy burden will continue to impact the company favourably
Click on Reports for a full analysis. Details
LNG imports decreased by 77.12 MMSCM in July, 2016, which was 3.79% lower as compared to the corresponding period of the previous year.
8Total import of LNG for the month was 1960.19 MMSCM
8Around 56.52% of the total LNG import in July, 2016 was from Qatar, 17.39% from Equatorial Guinea, 8.69% from Nigeria and 4.35% each from Australia, UAE, Angola, US.
8Total gas consumption for the month of July 2016 in India was 4080.39 MMSCM which was an increase of approximately 0.4 % over the corresponding month of the previous year.
8Gross production for the month of July 2016 was 2704.65 MMSCM which was an increase by 3.27 % over the corresponding month of the previous year.
Click on Reports for detailed picture Details
New Page 1 In a complete flouting of norms, Numaligarh Refinery Ltd (NRL) has developed a golf course in a  "No Development Zone" declared to protect the internationally known Kaziranga National Park in Assam, home to the famous one-horned rhino.
 8The golf course has been built by destroying forests, hillocks and wetlands. 
 8The refinery has also constructed a massive boundary wall, running more than two km. in length on the newly acquired land right into the forest.
 8This wall has effectively obstructed an ancient elephant corridor, disturbing the movement of the wild pachyderms who use the route to access waterholes and food on the other side. 
 8The wall has already claimed the life of an elephant calf. 
 8The seven-year-old male elephant was found dead next to the NRL boundary wall, and an on-spot verification attributed its death to a severe hemorrhage as it desperately tried to break through the wall.
 8A photograph carried here by the website shows elephants massed up against the wall, not knowing how to go ahead.
 8Last month, an adult leopard body was recovered from within the NRL Township within the golf course site, again with severe head injuries. 
 8NRL was granted Environmental Clearance (EC) by the State Environmental Impact Assessment Authority (SEIAA), Assam in 2013, under certain strict conditions and subsequently instructions were also issued by the District Forest Officer. However, since then, NRL has been felling trees without final approvals, and excavating the site. This led the Divisional Forest Officer, Golaghat, to withhold the approval accorded earlier and suspend any further activities by the NRL in 2014. In May 2015, due to continued violations, SEIAA was requested to suspend the Environment Clearance to NRL 
 8Despite the fact that all the records relating to the objections are duly available with concerned offices, NRL made no official communication nor did they apply for prior permission to the Forest Department. 
Click on Details for more Details
This website had argued in the past that the NRL model of industrial development is the not the correct one for Assam.
8The company has proposed an additional 6 MMTPA refining capacity at a cost of a whopping Rs 20000 crore. The refinery is sought to be built with a capital subsidy of Rs 8800 crore and a excise duty relief amounting to a whopping Rs 8400 crore a year! 
8It is pertinent to note that the existing refinery has very few linkages with the local economy and the Numaligarh refinery is no exception. Crude oil is processed within the refinery, and shipped out to retail outlets within and outside the state. There are no ancillary industries in the region on account of the refinery.
8Ironically, the Numaligarh refinery has accentuated the social divide in Upper Assam as a small class of highly privileged public sector workers is created from amongst un-empowered and impoverished people dotting the Upper Assam landscape. 
8A few hundred people lead an ivory tower existence amidst tight CISF provided security at Numaligarh with virtually no connection with the local economy or population, highlighting the glaring disparity between the haves and the have nots. 
8The website believes that it will be not be wise for the Modi government to dole out a Rs 8,800 crore capital subsidy on a Rs 20,600 crore investment.
8And, what is worse, dole out Rs 8400 crore of subsidy annually in excise duty relief.
8Instead, the website believes that the entire money can be given through a well managed Special Purpose Vehicle to develop schools, hospitals and infrastructure in Upper Assam. 
8The annual excise dole sought should be used to maintain and expand the infrastructure created by the capital subsidy.
8The Assam economy and its people will benefit much more that way than through an expansion of the Numaligarh refinery. 
Click on Details for more Details
The petroleum ministry or even NRL's parent company, BPCL, may not be fully aware of NRL's new golf course and the miles-long wall around it, but the ecological community across the world has expressed dismay at the refinery's callousness.
8Prince William and Kate of England had selected the Kaziranga Park as one of the places they wanted to spend some time in while in India a few months earlier. And reports say that they are dismayed by the NRL's transgressions and are likely to take up the cause of the wild animals in Kaziranga and convey their concern in a letter to the Indian government.
8It is the callousness of approach of the management of NRL that needs to be castigated.
8It is the same callousness exhibited by the GAIL Board of Directors when they employed expensive lawyers to vociferously fight a perfunctory Rs 20 lakh fine imposed by PNGRB -- when the fine should have actually run into hundreds of crores of rupees -- for the death of 22 people in the KG Basin pipeline blast. The lawyers were probably paid the equivalent of the fine amount. Human lives come cheap in India. A similar mishap anywhere else in the world would have entailed billions of dollars in fines.
8The petroleum ministry must take immediate steps to roll back the golf course, dismantle the wall and take penal action against the NRL top brass for violation of environmental norms and for highlighting the role of the oil and gas industry in a  negative manner before the world community.
Click on Reports for more Details
RasGas' long term rich LNG price is currently pegged at $6.81/mmbtu
8RasGas is also selling lean LNG, albeit at a lower price, to PLL.
8The last lean LNG cargo came on August 26 and was priced at $5.35/mmbtu
8Spot LNG prices have been also started moving up. Cargoes from Nigeria and Equatorial Guinea has begun coming in at above $6/mmbtu recently
Click on Details for cargo wise price, origin, destination and quantity data. Details
For reference purposes the website carries here the following tenders:
8Combined Environment Impact Assessment and Individual Rapid Risk Assessment study for BS-VI Fuel Quality Up gradation Project, Panipat Refinery Details
8Spares for Gas Chromatography Analyzer, Bongaigaon Refinery Details
8Procurement of Industrial Gases on Rate Contract Basis, Dahej Details
8Hiring of Transportation Services of Drilling Rigs from Rajasthan to Madhya Pradesh Details
8Annual Rate contract for laying and maintenance of pipe lines for a period of three years, Assam Details
8Hiring of services for O&M Services for E-760-XI Rig for a period of two years, Mehsana Asset Details
8Hiring of services for Project Management Consultant for complete management of Pipeline Rehabilitation Project, Assam Details
8Carrying out Bell hole survey in Mainline of SMPLDBL Project pipeline, Rajasthan Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Cairn-Vedanta merger: Proxy advisory firm recommends shareholders to vote in favour Details
8Cyprus signs deal with Egypt for gas transfers via pipeline Details 
8Indian Oil Corp to continue importing two LNG cargoes a month Details 
8'Biofuel can be alternative to fossil fuel' Details
8Oil Minister Pradhan seeks Russian investment in Oil & Gas sector Details
8BPCL to give 25cr for waste-to-energy project Details
8Oil prices decline on stronger greenback Details
8Prices of gas for power projects may fall further Details
8Reliance Industries gained unduly from gas migration from ONGC's KG Basin: Probe panel Details
8AP Shah panel submits report on compensation from RIL to ONGC Details
8India firm raises Iran oil imports, pays over $500M of debt Details
8LPG market gets ready for pvt oil firms Details
8India's eight core industries grow by 3.2% in July 2016 Details
8Petrol price raised by Rs 3.38 per liter, Diesel rates increased by Rs 2.67 Details
8Shah Panel says RIL’s production of ONGC's gas was unjust enrichment Details
8Press Statement by Shri Dharmendra Pradhan, MoS (I/C), P&NG Details
You can also click on Newsclips for more Details
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