India Gas and Oil Mining Industry Review


India Oil Industry re-draws strategy in African oil assets – GAIL shortlisted for $30 billion national gas master development plan and its implementation in Nigeria.
Start preparing for oil at $200 a barrel – India must prepare for a world of scarce, expensive oil

Cabinet Secretariat seeks fresh round of inter-ministerial consultations for seeking Cabinet approval to have a relook at OVL’s Qatar exit plan

SC verdict in RIL-RNRL case won’t affect NTPC’s suit

Implement Parikh report in full or not at all: PSU refiners – Quick compensation of losses, not pricing methodology, is key

Tamil Nadu Deputy Chief Minister requests to allot gas from Krishna-Godavari basin to state from Centre

Government braces for fight with Kirit Parikh committee recommending freeing of petrol and diesel prices, reducing subsidies on cooking gas and kerosene

Indraprastha Gas plans to invest around US$64.4 million in expanding its operations in Ghaziabad in next two years

ICRA reaffirms LAA rating to Rs 38.90 billion long term loans and an A1+ rating to Rs 41.10 billion short term non fund based facilities of Petronet LNG

Kirit Parikh Committee report suggesting freeing of petrol and diesel prices and steep hike in LPG and kerosene rates hailed as “landmark” by CARE

LPG cylinder bookings spurt on price hike recommendations to government by Kirit S Parikh Committee

Don’t delay petrol’s decontrol any longer – Kirit Parikh Committee’s recommendation to deregulate fuel prices is more or less on expected lines

Editorial: Oil’s well that prices well – Reducing subsidies on petroleum products is a hardy perennial of Indian political economy

Column : What Parikh can’t do for government – Implementation is always outside the purview of government-appointed committees.

ONGC and Hungarian oil major MOL exploring option of jointly pursuing exploration and production opportunities in third countries – To consider joint bids

MRPL implementing capacity expansion project over next two years as well as one on refinery upgradation – To invest Rs 91.57 bn in the next fiscal and year after

Private refiners Reliance, Essar and Shell plan to re-enter petrol pump business in a big way if government goes ahead with Kirit Parikh panel’s recommendation

China may replace India in proposed 2,775 km Iran-Pakistan-India gas pipeline project as New Delhi has been dithering over deal: Report

Finmin, Plan panel oppose petroleum ministry’s plan to set up a new authority for developing petroleum and natural gas pipeline infrastructure in the country

Fossil discovery in Rajasthan may boost hydrocarbon exploration – India to emerge as a major source of hydrocarbon with prospective Neoproterozoic sedimentary basins

HPCL plan document on long term perspective planning – I

HPCL plan document on long term perspective planning – II: Control over product availability and infrastructure

HPCL plan document on long term perspective planning – III: Future retail marketing scenario of HPCL

HPCL plan document on long term perspective planning – IV: Multi fuel / Electronic dispensers with improved sealing system at all ROs selling

HPCL plan document on long term perspective planning – V: Future LPG Marketing Scenario of HPCL

HPCL plan document on long term perspective planning – VI: Future industrial and commercial (I&C) marketing scenario of HPCL

HPCL plan document on long term perspective planning – VII: Future Plans For Diversification

HPCL plan document on long term perspective planning – VII: Exploration and Production

HPCL plan document on long term perspective planning – VIII: Visakh-Cavem. Petrochemical Project

NELP Review: Actual 2D, 3D exploratory work more than committed, very short in wells target

NELP Review: Gujarat accounts for 80percent of exploratory wells drilled

Ratna R-Series rusted installations in dangerous conditions

CB/OS-2: Cairn relinquishes Ambe Development, disputes paying of LD & BG

NELP VII BHP Billiton-GVK bids for deepwater blocks: DGH finds Financial and Performance Guarantee of GVK inadequate

GAIL agrees to pay Rs 23.5 cr Sales Tax claim of PMT Consortium, recoverable from ONGC

HPCL to setup a new refinery on west coast, Mumbai refinery expansion constrained

ONGC Board approves Modified MOU -2010-11

Oil Sector – Threat & Vulnerabilities: A Note

Kirit Parikh committee recommends measures to deregulate petroleum retailing sector

BPCL plans to convert 60 In&Out stores into food courts to cut losses and transform such outlets into a profit-making venture.

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Index: Gas, Oil - February 9, 2010

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