Consumption data for January, 2016: POL's consumption registers a growth of 12.7%

The consumption of all petroleum products registered a growth of 12.7 percent in January, 2016 as compared to that in January, 2015..http://goo.gl/WNluOb

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Consumption data for January, 2016: Healthy automobile industry takes petrol sales up by 11.4%

Consumption data for January, 2016: Diesel shows good performance, registers 8 % growth in sales

Consumption data for January, 2016: Bitumen consumption scale up by 28.9 %, FO sales also registers growth of 13.7 %

Consumption data for January, 2016: Natural gas barely manages to cross the fence, consumption up by 1.81 % 

Consumption data for January, 2016: Petcoke consumption up by 28.2% whereas LDO consumption sinks by 14.1%

Consumption data for January, 2016: Sales of Naptha and ATF up by 22.8 %, 10 % respectively

Consumption data for January, 2016: LPG consumption up by 4.4 percent 

Economic Survey 2015-16: Slews of reform measures suggested for the oil and gas sector

The Economic Survey has called for market-determined arm’s length pricing for domestic gas, with an effective regulator, to provide adequate incentive for investment and also ensure compositeness in the oil and gas sector.
8This would reflect the appropriate gas price in relation to..http://goo.gl/WNluOb

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Economic survey 2015-16: Could the government have better managed the Rs one lakh crore it made out of the fall in the price of crude?

Turmoil in the global LNG markets: FRSU model gains more acceptance

Floating Storage Regasification Units (FSRUs) are going to play an increasing role in the global LNG market.
8This is on account of the fact that FRSUs allow for..http://goo.gl/WNluOb

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Turmoil in the global LNG markets: Forward projections of gas prices
Turmoil in the global LNG markets: Henry Hub indexed prices will have lower upside risk than oil indexed prices
Turmoil in the global LNG markets: Some "announced projects" are of doubtful quality
Turmoil in the global LNG markets: New LNG projects will continue to spring up

L&T and McDermott bag Rs 2450 crore Vashistha deepwater contract: Two companies prepare for future KG Basin offshore work

In what is seen as an affirmation of the Indian E&P sector, engineering giant McDermott has signed an agreement to use the..http://goo.gl/WNluOb

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L&T and McDermott bag Rs 2450 crore Vashistha deepwater contract: Under pressure, engineering companies reinvent themselves
L&T and McDermott bag Rs 2450 crore Vashistha deepwater contract: Making offshore development viable at low prices is the challenge

Bitumen consumption grows but demand is very unevenly distributed across the country

There has been a 7.7% growth in the demand for bitumen in the April-January 2015-16 period and this shows an upturn in the road sector where it is used.
8But the growth has been uneven. Some states have..http://goo.gl/WNluOb

Strategic crude storage: Only 2.8 days of strategic storage available

India stores much more crude in its inventories than in its strategic storage facilities.
8Tanks around the country today store..http://goo.gl/WNluOb

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Strategic crude storage: New facilities to come up but how will they be funded?
Strategic crude storage: Will international trading companies be interested in filling them up?
Strategic crude storage: ADNOC does not want "dead" stocks
Strategic crude storage: What are the options available with the government?
Strategic crude storage: Details of tax exemptions sought

Biofuels push: Focus on 2-G advanced technology

Efforts  are on to deploy new technologies for the production of fuel from waste. Serving the twin imperative of minimising carbon and greenhouse emissions, and reducing crude imports, biofuels seem to be the ideal renewable fuel for the future.
8While the 2009 drafted National Biofuel Policy had mandated..http://goo.gl/WNluOb

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Biofuels push: Government looks at giving a big push

Pipeline and LNG project at Krishnapatnam: A lady emerges as the white knight

The low profile Gas Transmission India Ltd (GTIL), which is building a pipeline from Krishnapatnam to Ennore and its sister company LNG Bharat Ltd, which is..http://goo.gl/WNluOb

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Pipeline and LNG project at Krishnapatnam: Find out more on project cost and the EPC contractor
Pipeline and LNG project at Krishnapatnam: GTIL and Bharat LNG plan to be "disruptive forces" in the business
Pipeline and LNG project at Krishnapatnam: Find out more on how Ganga LNG plans to beat IOC in the game
Pipeline and LNG project at Krishnapatnam: Big opportunities available for equipment and service providers

Oil markets between 2016-2021: Anything can happen

The future continues to remain unpredictable for the oil industry.
8Global oil supply growth is plunging as an extended period of low prices takes its toll and the IEA has estimated that..http://goo.gl/WNluOb

LNG terminal at Krishnapatnam: Despite cynicism, promoters say they are going ahead

There is growing all round skepticism over the ability of the little known KEI-RSOS Petroleum & Energy Pvt Ltd. (KRPEPL) to set up a 5 MMTPA LNG facility in Krishnapatnam along with a Rs 729 crore pipeline that will link Ennore to Nellore and Krishnapatnam. The pipeline is being built by..http://goo.gl/WNluOb

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LNG terminal at Krishnapatnam: Rs 1000 crore to be deployed on onshore facilities

LNG terminal at Krishnapatnam: Storage facilities will come up in three phases

LNG terminal at Krishnapatnam: Facility details

LNG terminal at Krishnapatnam: Eight-bay truck loading facility to come up too

LNG terminal at Krishnapatnam: Too many terminals but too few customers

Ennore Nellore pipeline project: GTPIL makes little progress

The PNGRB has encashed 25% of the bank guarantee (BG) submitted by the Gas Transmission India Pvt Ltd (GTIPL) which is authorized to lay the Ennore-Nellore natural gas pipeline for defaulting in providing the..http://goo.gl/WNluOb

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Ennore Nellore pipeline project: Antecedents of promoters questioned

RIL gets nod for Rs 1428 crore Dahej-Hazira ethane pipeline

Reliance Gas Pipeline Ltd had been given the go-ahead to construct the 1.25 MMTPA Dahej-Hazira-Nagathone ethane pipeline.
8The dedicated pipeline will ferry ethane to..http://goo.gl/WNluOb 

BP's Energy Outlook 2035: Base case scenario will unleash a frightening world

When BP makes predictions -- like it did in the recently released Energy Outlook 2035 -- the oil and gas industry sits up and takes notice
8BP has predicted a bright future for the oil and gas industry with..http://goo.gl/WNluOb 

ONGC to go ahead with Bokaro CBM block: Capacity to handle 1 mscmd of gas

ONGC is going ahead with putting up CBM production facilities in the Bokaro CBM block.
8A total of 52 wells are to be..http://goo.gl/WNluOb

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ONGC to go ahead with Bokaro CBM block: What is the gas price going to be?

Crowded petrochemical market: HPL's revival makes the market tougher for new public sector entrants

That revival of Haldia Petrochemicals Ltd (HPL) is going to make the Indian petrochemical market more competitive. 
8HPL, promoted by the Pumendu Chatterjee-led group manufactures commodities like high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and polypropylene (PP), and chemicals such as benzene, butadiene etc with intermediates being sourced from a naphtha cracker (capacity: 670 KTA of ethylene) located at Haldia, West Bengal.
8On a standalone basis, in 2014-15, the company reported a net profit of Rs. 365 crore on net sales of Rs. 3089 crore as against a net loss of..http://goo.gl/WNluOb 

Qatar monopolizes long term deals to Indian subcontinent: Provides Pakistan a far sweeter deal than what PLL obtained out of Gorgon LNG

Qatar, the world's largest producer of LNG, seems to be keeping competitors at bay not just in India but also in neighbouring Pakistan.
8Worryingly for other suppliers, Qatar's 15-year deal with..http://goo.gl/WNluOb

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Qatar monopolizes long term deals to Indian subcontinent: Will Petronet LNG demand a better deal with Gorgon LNG?
Qatar monopolizes long term deals to Indian subcontinent: GAIL's US cargoes to India unviable at current prices

End of exclusivity in CGD networks: Existing CGD players are an unhappy lot

The PNGRB’S new regulations that recommended termination of the marketing exclusivity period  for 23 CGD networks has generated a range of reactions and responses.
8These are being elicited from all kinds of stakeholders including those directly affected by the..http://goo.gl/WNluOb

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End of exclusivity in CGD networks: IGL claims its economics will be badly hurt
End of exclusivity in CGD networks: GAIL seems surprisingly happy
End of exclusivity in CGD networks: IOC eyes new opportunities
End of exclusivity in CGD networks: Some want monopolies to continue, others want them dismantled
End of exclusivity in CGD networks: Assam government seeks an extra 10 years of exclusivity

ONGC's cost cutting exercise: McKinsey & Company appointed

ONGC is finally on a cost cutting binge.
8McKinsey & Company has been appointed as a consultant to make suggestions on..http://goo.gl/WNluOb

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ONGC's cost cutting exercise: E&P major has a big job in hand
ONGC's cost cutting exercise: A Rs 100,000 crore annual budget and a slot of slashing to be done
ONGC's cost cutting exercise: Capex will have to be cut
ONGC's cost cutting exercise: What should be ONGC's cut off prices

Oil marketing companies looking for aggregators

Oil marketing companies are in the process of adding more aggregators for providing industrial fuels such as naptha, FO, LSHS, LDO and industrial alcohol in the country..http://goo.gl/WNluOb

Depression in the oil and segment: Why is there a decoupling in industrial growth with POL consumption

There seems to be a rather strange de-coupling of data trends in the economy of late.
8While the Index of Industrial Production (IIP) has gone down, consumption of..http://goo.gl/WNluOb

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Depression in the oil and segment: POL consumption up 12.7% in January but will it rub off on the IPP?

Depression in the oil and segment: Punj Loyd complains of companies deferring orders

Depression in the oil and segment: Atul Punj sees silver lining in dark clouds

Depression in the oil and segment: Will India be able to escape global economic slowdown?

Depression in the oil and segment: Drilling rigs are being decommissioned at a furious pace

Depression in the oil and segment: Why India must continue pushing the TAPI pipeline at any cost

Depression in the oil and segment: What impacts global oil price movements

Depression in the oil and segment: Petronet LNG beats the blues

Gas output from RIL's D-6 block in terminal decline: No more sidetracking in D-1 and D-3 blocks

Output from the D-6 block continues to go down, according to latest reports, and is likely to do so sharply in 2016-17 as the RIL-BP duo have decided to halt further side tracking work in the D-1 and D-3 fields on account of diminishing returns resulting from increasing..http://goo.gl/WNluOb

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Gas output from RIL's D-6 block in terminal decline: Gas price will slide to $3.16/mmbtu for April-September, 2016; investments put on hold

Punters place "buy" orders on GAIL shares: Will PNGRB raise gas pipeline tariff rates?

Stock brokerage houses have begun placing "buy" orders on GAIL on reports that the PNGRB is likely to raise tariffs for the gas major's trunk pipelines.
8According to one brokerage house, GAIL expects the tariff rates to go up five times but punters are betting on the rate going up but not as as much as GAIL has predicted. 
8Brokers are of the view that the upswing in tariffs is likely..http://goo.gl/WNluOb

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Punters place "buy" orders on GAIL shares: Brokerage houses seem to have advance information

Punters place "buy" orders on GAIL shares: Is there a collusion among different stakeholders in the game?

Oil industry is the worst polluter: India discusses CCSU technology

A five-day conference on Carbon Capture Storage and Utilization (CCSU) held in India recently threw up a wealth of data and ideas.
8Experts from different fields in India highlighted various ways in which..http://goo.gl/WNluOb

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Oil industry is the worst polluter: It is a bigger polluter than the transportation industry

Pushing a new paradigm: Service contracts for ageing fields can revive output in India

The fact that the Modi government is talking of service contracts for ageing oil fields in Assam is a step in the right direction.
8Earlier governments had dabbled with the idea but could not proceed ahead as..http://goo.gl/WNluOb

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Pushing a new paradigm: Why NOC fear service contracts
Pushing a new paradigm: Government pitches for new technology
Pushing a new paradigm: Credit goes to the petroleum secretary

Oil price crash: "Crude price to stay in $40-$60/bbl range for next 10 years"

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to..http://goo.gl/WNluOb

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Oil price crash: Demand for crude oil slowing down faster than fall in output, says IEA
Oil price crash: US shale producers are getting more efficient

Rs 1,30,000 crore investment in the North East: Pradhan unveils grand plan

The Modi government has unveiled a massive Rs 1,30,000 crore plan to rejuvenate the petroleum business in the North East of India over a 15 year period.
8The grand plan was announced by..http://goo.gl/WNluOb

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Rs 1,30,000 crore investment in the North East: Many new incentives announced
Rs 1,30,000 crore investment in the North East: Ambitious pipeline connectivity plans
Rs 1,30,000 crore investment in the North East: Refineries to be expanded with exports in mind
Rs 1,30,000 crore investment in the North East: Core infrastructure to be strengthened as well
Rs 1,30,000 crore investment in the North East: Plan has Assam elections in mind
Rs 1,30,000 crore investment in the North East: China ignored

LNG shipping rates down 57%: Spot rates fell $30,000 per day in last quarter

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions.
8LNG vessel fleet growth is forecast to double this year to..http://goo.gl/WNluOb

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LNG shipping rates down 57%: Glut of vessels expected in 2016

Piyush Goyal wants Australian LNG suppliers to build power plants in India: Without gas based power, India's solar juggernaut will skid off course

In what is being seen as a shrewd move, power minister Piyush Goyal has asked Australian LNG producers to find a way out of the current slump by setting up LNG based power plants in India.
8India's massive solar power expansion -- adding a gigantic 175 GW of solar power capacity over the next 7 years -- has necessitated the need for many gas..http://goo.gl/WNluOb

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Piyush Goyal wants Australian LNG suppliers to build power plants in India: Is it possible to produce gas based power at $5 cents/bbl?
Piyush Goyal wants Australian LNG suppliers to build power plants in India: Low prices force LNG suppliers into a corner
Piyush Goyal wants Australian LNG suppliers to build power plants in India: Suppliers will perhaps be happy if variable costs are covered
Piyush Goyal wants Australian LNG suppliers to build power plants in India: Will suppliers agree to lower the price slope?
Piyush Goyal wants Australian LNG suppliers to build power plants in India: Qatar can sabotage the competition
Piyush Goyal wants Australian LNG suppliers to build power plants in India: Will domestic operators be left high and dry?

Massive public sector foray into petrochemicals: IOC plans a Rs 30,000 crore splash

Indian public sector companies are pushing through big investments in the petrochemical sector.
8The new entrants to the game are HMEL, OPAL and MRPL. 
8GAIL's petrochemical complex in Dibrugarh has also just been commissioned.
8IOC now plans to spend a whopping Rs 30,000 crore in various..http://goo.gl/WNluOb

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Massive public sector foray into petrochemicals: IOC has a long list of projects

Massive public sector foray into petrochemicals: Are naphtha based crackers viable?

Massive public sector foray into petrochemicals: Are naphtha based crackers viable?

Massive public sector foray into petrochemicals: Still a lot needs to be done

Paradip refinery: Is IOC's claim of indigenously developing INDMAX technology justified?

Prime Minister Narender Modi did inaugurate the 15 MMTPA Paradip refinery with much fanfare on February 7, 2016. 
8The focus of the inauguration was on IOC's "indigenously developed" 4.17 MMTPA INDMAX unit that will convert low volume components such as Block Oils and Low Distillation Bottoms to generate higher value added products like..http://goo.gl/WNluOb

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Paradip refinery: Did foreign licensors piggy back on "indigenous" technology?