Carbon pricing: Oil & gas industry must take note

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..http://goo.gl/WNluOb

Energy statistics: Complete data

 For reference purposes, the website carries here the following energy related data on India:
 Reserves of coal and lignite and generation potential..http://goo.gl/WNluOb

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Energy statistics: More data

Business opportunity: Rs 180 crore RFQ coming for new wells in Gujarat

A new business opportunity has arisen for suppliers of rigs and well equipment and services for..http://goo.gl/WNluOb

The gas market in India still remains very shallow: Where are new marketers looking for demand?

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..http://goo.gl/WNluOb

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The gas market in India still remains very shallow: Find out why fertilizer units are happier with long term gas from RasGas even if it is expensive
The gas market in India still remains very shallow: Find out more on the price differential between RasGas and spot cargoes today
The gas market in India still remains very shallow: Can India fill the global demand deficit in the LNG market?
The gas market in India still remains very shallow: Find out why GSPC cancelled 12 LNG cargoes this week

GAIL's US LNG cargo lands in India: Find out the price

GAIL has brought in its US cargo at a surprisingly low price.
8The cargo landed last week at the..http://goo.gl/WNluOb

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GAIL's US LNG cargo lands in India: Find out the conditions under which US cargoes will be competitive in India

Modi can still salvage GSPC KG Basin block: Blame it on treacherous geology

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..http://goo.gl/WNluOb

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Modi can still salvage GSPC's KG Basin block: GeoGlobal face-off shows there was no quid pro quo
Modi can still salvage GSPC's KG Basin block: Tendering procedures were lax but there are no signs of willful misconduct
Modi can still salvage GSPC's KG Basin block: Hope lies in building a collaboration model
Modi can still salvage GSPC's KG Basin block: More gas remains to be tapped
Modi can still salvage GSPC's KG Basin block: All players will have to be roped in
Modi can still salvage GSPC's KG Basin block: ONGC has already done the preliminary footwork
Modi can still salvage GSPC's KG Basin block: Enough gas reserves exist to power India

Production data March,2016: Crude output dips by 4.79 percent

Crude oil production across the industry during March, 2016 was 3.062 MMT, representing a 4.79 percent lower growth than planned target of..http://goo.gl/WNluOb

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Production data March,2016: OIL's crude output down by 15 percent
Production data March,2016: Total gas output lower by 16.63 percent, ONGC below target by 21.44 percent
Production data March,2016: OIL and private sector gas production down
Production data March,2016: Refinery output up by 9.72 percent

Work begins on India's KG Deepwater Contracts: Pre-FEED contract ready for award for ONGC's KG-DWN-98/3 block

ONGC has awarded the Pre Front End Engineering Design (FEED) contract for the Rs 34,000 crore investment in the..http://goo.gl/WNluOb

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Work begins on India's KG Deepwater Contracts: RIL looking at designs

IOC to revamp Indmax unit in Guwahati: Rs 33 crore to be invested

IOC is going in for a revamp of its indigenously developed Indmax unit, raising its capacity from..http://goo.gl/WNluOb

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IOC to revamp Indmax unit in Guwahati: Exemption from public hearing creates murmurs of protest

RIL flexes muscle in the oil and gas sector again: Company's retail outlets pick on OMC giants

Now that diesel and petrol prices have been fully decontrolled, Reliance Industries Ltd is back into the retail selling business in India..http://goo.gl/WNluOb

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RIL flexes muscle in the oil and gas sector again: CBM production to start soon but the scale will be smaller
RIL flexes muscle in the oil and gas sector again: Details of the D-55 discovery
RIL flexes muscle in the oil and gas sector again: $500 million spent over three years in D-55 appraisal

Oil price behaviour: Research shows long term prices will be much higher

Steeped as we all are  in the present, we sometimes fail to understand the various forces that go to shape our future.
8Predicting how oil prices are going to behave is fraught with all kinds of..http://goo.gl/WNluOb

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Oil price behaviour: Prices won't hover at $30-40/bbl for too long

The dynamics of the Indian fertilizer industry: It is a big buyer of gas

For any supplier of gas in India, the fertilizer industry is a very large buyer. But very few of them understand the dynamics of the cost-plus retention pricing system under which the..http://goo.gl/WNluOb

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The dynamics of the Indian fertilizer industry: Modi government kills domestic-production-versus-import debate
The dynamics of the Indian fertilizer industry: Long term contract LNG prices will have to equal spot rates
The dynamics of the Indian fertilizer industry: Why the government finds it difficult to raise the price of domestic gas
The dynamics of the Indian fertilizer industry: Data that the gas supply industry must have

First attempt at successful HPHT wells in Cauvery and KG Basins by ONGC: 4 wells to be drilled

For the first time, ONGC is attempting to successfully complete the drilling of High Pressure HIgh Temperature (HPHT) exploratory wells in the..http://goo.gl/WNluOb

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First attempt at successful HPHT wells in Cauvery and KG Basins by ONGC: Temperatures will run at 157 degrees and pressures at 10,000-20,000 psi

Two GAIL LNG cargoes set sail from the US: Pricing is still a mystery

The LNG industry in India is watching with much interest the sail of two LNG cargoes contracted by GAIL from Cheniere Energy Inc's Sabine Pass terminal in the US to..http://goo.gl/WNluOb

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Two GAIL LNG cargoes set sail from the US: Long term US cargoes are not viable
Two GAIL LNG cargoes set sail from the US: Gas major looks for swapping arrangements to get gas to India
Two GAIL LNG cargoes set sail from the US: Risks are high if the swapper defaults
Two GAIL LNG cargoes set sail from the US: Fuel efficiency of long haul LNG vessels will have a big impact

New business model needed for deepwater KG Basin development: ONGC's investment will be unviable otherwise

The website wants to further push the argument it made last week that while ONGC's first wave of cost cutting in the KG-DWN-98/2 block -- from..http://goo.gl/WNluOb

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New business model needed for deepwater KG Basin development: ONGC should tie-up with RIL's D-6 infrastructure
New business model needed for deepwater KG Basin development: Aker was hired with CVC's consent
New business model needed for deepwater KG Basin development: No conflict of interest
New business model needed for deepwater KG Basin development: Savings can go up to Rs 10,000 crore, gas price can be below $5/mmbtu
New business model needed for deepwater KG Basin development: A lot of water has gone down the Yamuna
New business model needed for deepwater KG Basin development: Rope in the Prime Minister
New business model needed for deepwater KG Basin development: Usher in a new paradigm

Pradhan in Bangladesh: Main taking points

Petroleum minister Dharmendra Pradhan is in Bangladesh.
The following issues are on his agenda:
8Continuing dispatch of HSD by NRL from its Siliguri terminal to Bangladesh's Parbatipur depot
8IOC's LNG terminal in..http://goo.gl/WNluOb 

GAIL may run into deeper trouble with its orders for LNG vessels: Risks go up

This website had reported earlier that GAIL runs the risk of not finding a market for 5.8 MMTPA of LNG it had booked in the..http://goo.gl/WNluOb

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GAIL may run into deeper trouble with its orders for LNG vessels: Market will stay over supplied well into the future
GAIL may run into deeper trouble with its orders for LNG vessels: Is the technology right?
GAIL may run into deeper trouble with its orders for LNG vessels-IV: GAIL may end up with billions of dollars in liabilities
GAIL may run into deeper trouble with its orders for LNG vessels: Full details on the market for LNG vessels
GAIL may run into deeper trouble with its orders for LNG vessels: Details on global LNG trade
GAIL may run into deeper trouble with its orders for LNG vessels: All you ever wanted to know about the LNG liquefaction business

E&P industry in crisis: A third of India's oil reserves and half of its gas may go unproduced

Latest data and documentation accessed by this website paints a grim picture of the Indian upstream industry.
8The projections are that as much as..http://goo.gl/WNluOb

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E&P industry in crisis: Disparate actors will be playing their own tunes
E&P industry in crisis: Demand may never recover
E&P industry in crisis: Half of Russia's gas reserves and 74% of Canadian reserves may get stranded
E&P industry in crisis: Further exploration work may come to a complete halt
E&P industry in crisis: Government can't rest on its laurels any more
E&P industry in crisis: Government may have to start new lines of communication with industry
E&P industry in crisis: Full cost reduction matrix
E&P industry in crisis: Collaboration may be the best way out

Selection of GAs: Under criticism, PNGRB seeks fresh ideas

The PNGRB is looking for fresh ideas to identify Geographical Areas (GAs) for city gas distribution (CGD) networks after it was severely criticized for providing very little information or facilitation to potential CGD bidders.
8Currently, the following considerations are taken into account by the regulator while zeroing in on a GA:
8The GA is based on a district concept so as to avoid..http://goo.gl/WNluOb 

The Art of Being Upamanyu Chatterjee: PNGB Secretary is an officer and a writer

In case it hasn't come to the notice of some of you, Upamanyu Chatterjee, the secretary of the PNGRB, is also a celebrated author and novelist.
8Between adjudicating tariff rates for..http://goo.gl/WNluOb

OPEC's Doha meeting: No expectation of a deal

There is no expectation of  a deal from OPEC's April 17th Doha meeting
8With global inventories swelling and signs that some OPEC members are..http://goo.gl/WNluOb

GAIL stares at massive losses in its LNG business from 2018-19: Gas major's US investments have turned very risky

A series of developments on the global oil and gas front have worked together to transform GAIL's investment in buying..http://goo.gl/WNluOb

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GAIL stares at massive losses in its LNG business from 2018-19: It took only a short time for the outlook to change dramatically
GAIL stares at massive losses in its LNG business from 2018-19: GAIL may end up not covering its fixed costs
GAIL stares at massive losses in its LNG business from 2018-19: US regulators stop new terminals from coming up
GAIL stares at massive losses in its LNG business from 2018-19: Over capacity in global LNG market
GAIL stares at massive losses in its LNG business from 2018-19: Gas major's cargoes in US may be uncompetitive even before they are loaded on to vessels
GAIL stares at massive losses in its LNG business from 2018-19: Balance sheet to take severe hits
GAIL stares at massive losses in its LNG business from 2018-19: Should the GAIL chairman be arrested?

CGD companies at war with PNGRB: Companies fear losing their monopoly rights

The PNGRB's draft guidelines for declaring CGD networks as common contract carriers have met with..http://goo.gl/WNluOb

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CGD companies at war with PNGRB: Imposition of common carrier principle unfair, shout companies
CGD companies at war with PNGRB: Public interest lies in siding with the regulator
CGD companies at war with PNGRB: Details of submissions made

No deal in Iran: Pradhan gets to understand what dealing with the Iranians entail

Petroleum minister Dharmendra Pradhan will return from Iran without a deal in hand for the Farzad B field nor commitments for assured gas supply at concessional gas prices for..http://goo.gl/WNluOb

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No deal in Iran: The Iranians have their own way of defining the rules of the game
No deal in Iran: Politics rules over economics in Tehran

OIL's Cauvery block: Spudding date coming up

Oil India Ltd has begun preparation for the spudding of its offshore well in the Cauvery block Cy-OSN-2009/2 next month
8Thee drilling exercise will be conducted using the..http://goo.gl/WNluOb

PMO creates demand for an extra 7.2 mmscmd of gas: Six reasons why the domestic fertilizer industry remains skeptical of new projects

The Prime Minister's Office has acted to create a demand for around 7.2 mmscmd of gas by ordering ONGC, Oil India Ltd and Coal India Ltd to revive the defunct..http://goo.gl/WNluOb

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PMO creates demand for an extra 7.2 mmscmd of gas: South Block has its own calculations

GMR plans captive LNG unit for its power plants: Will it be a game changer?

In what can be a game changing move, GMR Holdings Ltd has decided to set up a 1.75 MMTPA LNG regasification unit at the..http://goo.gl/WNluOb

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GMR plans captive LNG unit for its power plants: a calculated gamble
GMR plans captive LNG unit for its power plants: Merchant sales will be the alternative option
GMR plans captive LNG unit for its power plants: A new model for delivering LNG to businesses developed
GMR plans captive LNG unit for its power plants: What explains the cost variation between two locations
GMR plans captive LNG unit for its power plants: Business opportunities for equipment and service providers 

Pradhan's visit to Iran: He shouldn't fall into the over commitment trap

Petroleum minister Dharmendra Pradhan is embarking on a journey to Iran with a big entourage, including representatives from the..http://goo.gl/WNluOb

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Pradhan's visit to Iran: What will be the price of Iranian gas for Indian units?
Pradhan's visit to Iran: No cost is big enough to pay for the Iran-India pipeline
Pradhan's visit to Iran: Pipeline gas is the cheapest option for India

India can record 17% growth in LNG demand for next 5 years: Fertilizer, power and CGD to drive growth

An optimistic gas demand scenario speaks of India’s gas consumption growing at approximately..http://goo.gl/WNluOb

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India can record 17% growth in LNG demand for next 5 years: Wealth effect shows potential for growth
India can record 17% growth in LNG demand for next 5 years: Spot LNG is cheaper than naphtha and fuel oil

Coal based power claims equality with gas based power in CO2 emissions: Emission levels are same when super critical technology is used

The coal industry is hitting back at the natural gas industry, claiming that the use of coal using high efficiency super critical technology can plug the emission advantage of..http://goo.gl/WNluOb

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Coal based power claims equality with gas based power in CO2 emissions: India can gain dramatically by adopting super critical technology
Coal based power claims equality with gas based power in CO2 emissions: CCS technology to gain ground

LNG price may stay at below $4/mmbtu till 2030: Market crashes as demand falls

The global LNG market is in the midst of a massive crash from which it is unlikely to recover in the next..http://goo.gl/WNluOb

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LNG price may stay at below $4/mmbtu till 2030: Gloomy data comes in from Japan
LNG price may stay at below $4/mmbtu till 2030: Korean demand to stay flat
LNG price may stay at below $4/mmbtu till 2030: China's appetite for LNG goes down
LNG price may stay at below $4/mmbtu till 2030: The onus falls on India but is it prepared?
LNG price may stay at below $4/mmbtu till 2030: Worse case scenario shows demand at just 380 MMT against earlier projection of 500 MMT in 2030