ONGC's five-rig offshore deployment plan: Work programme

ONGC will have a big new fleet of deepwater rigs in place.
8A total of two anchor moored rigs and three DP rigs are to be deployed.
8Already two rigs have been hired: the anchor moored Jack Bates and the DP floater rig Aban Abraham...http://goo.gl/WNluOb

Click on the following links for more on this story:
ONGC's five-rig offshore deployment plan: Find who bagged the $ 200 million plus offshore bundled services contract
ONGC's five-rig offshore deployment plan: $ 100 million plus deployment of marine spreads
ONGC's five-rig offshore deployment plan: Get the day rate estimates
ONGC's five-rig offshore deployment plan: PSV and AHTS day rates continue to dive
ONGC's five-rig offshore deployment plan: Heads may roll in Schlumberger

LNG as a transportation fuel: Come companies waiting for enabling provisions by government

Some Indian companies are betting big on the usage of LNG as a fuelling option to meet India’s transportation needs.
8LNG, which is cheaper than CNG...http://goo.gl/WNluOb

Click on the following links for more on this story:
LNG as a transportation fuel: Indian getting ready for using LNG in barges
LNG as a transportation fuel: India looking at Norway
LNG as a transportation fuel: LNG drive fuel cell cars is the new rage

US oil & gas industry stabilizing after a long period of uncertainity

Latest indications are that the US onshore oil and gas industry has stabilized after a long period of uncertainty
8For the first time in 2 years, some of the indicators are in the positive zone and others are nearly so...http://goo.gl/WNluOb 

Oil market is likely to "balance" in 2017

New studies are showing that the oil market is likely to return to "balance" in 2017.
8The futures market however shows a wide band of prices, going up to...http://goo.gl/WNluOb 

All indicators point downwards in September: Surprise decline in POL consumption

Petroleum product consumption registered a degrowth of 2.0% during September, 2016 as compared to 16.7% spurt in the same month last year. 
8This decline seems to be in consonance with the stagnation in industrial production and low bank credit offtake...http://goo.gl/WNluOb

Click on the following links for more on this story:
All indicators point downwards in September: Crude output down

GAIL indicted for unfair trade practices: Time to bifurcate the company

A Competition Council of India probe on monopolistic practices indulged by GAIL in the pricing of gas by two gas buyers is being watched with much interest by the industry.
8An adverse verdict might bring more buyers to the front...http://goo.gl/WNluOb

Click on the following links for more on this story: 
GAIL indicted for unfair trade practices: Many clauses found discriminatory
GAIL indicted for unfair trade practices: Gas major accused of illegal extraction of payments

LNG carrier hire rates down

The website tracks LNG carrier hire rates on a daily basis in collaboration with a foreign supplier of such information.
8Atlantic carrier hire rates have gone down rather sharply...http://goo.gl/WNluOb

Daman onshore gas processing terminal: Latest status

ONGC is setting up a new onshore terminal to process the gas coming out of the Daman Development Project.
8The Gas initial in place of ONGC fields in nomination blocks in...http://goo.gl/WNluOb

Small and marginal fields: Why the earlier rounds ended in failure

The service contracts for ONGC's marginal fields under the earlier policy regime continue to fester on.
8A total of 25 fields were awarded for development on service contract in two phases, out of which, only one field is on production...http://goo.gl/WNluOb

Click on the following links for more on this story: 
Small and marginal fields: Just a handful of operators left in the race
Small and marginal fields: The going isn't going to be easy this time around too

Our LNG coverage has been expanded: Domestic prices covered

The website has expanded its LNG price coverage for India as of last week.
8For readers, it is now going to be a seamless experience, going from fob prices to landed prices and onwards to delivered domestic prices.
8We have begun giving region-wise domestic RLNG prices of GSPC, GAIL, BPCL and IOC...http://goo.gl/WNluOb

Click on the following links for more on this story: 
Our LNG coverage has been expanded: Wide variations in domestic prices
Our LNG coverage has been expanded: Indian prices are higher
Our LNG coverage has been expanded: Helpful tool for gas buyers

Ahmednagar GA: PNGRB cancels authorization

The PNGRB has cancelled the authorization given to the Ahmednagar geographical area for development of a CGD network on the inability of the project promoters to come up with the requisite Performance Bank Guarantee...http://goo.gl/WNluOb

New domestic gas price: Lowest in the world but it can hurt investments

India's new domestic gas price of $ 2.50/mmbtu is now among the lowest in the world. 
8The price now trends below lifting costs for gas production for ONGC and OIL, which is around $ 3/mmbtu...http://goo.gl/WNluOb

Click on the following links for more on this story: 

New domestic gas price: It will spur gas demand
New domestic gas price: Bottomlines will be impacted
New domestic gas price: Subsidy levels to come down for fertilizer units