Petrowatch - Market intelligence from the oil industry in India
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TODAY'S PRESS HEADLINES...Power secretary seeks gas for NTPC at $2.34 before resolution of RIL dispute (Indian Express)...Bring gas to NTPC issue before panel (Times of India)...Cairn sees Rajasthan reserves rising 25% (DNA)...IOC rejects partnership offer for proposed Barmer refinery (PTI)...ONGC to invest $5.8 bn in FY11: Oil minister (Reuters)...Government not planning to go for FPOs in ONGC, IOC now (PTI)...IOC proposes share sale to shore up its finances (Economic Times)...No Indian firm exporting petrol to Iran, says Jitin Prasada (PTI)...ONGC’s proposed SEZ in Gujarat gets green signal (PTI)...RIL made 20 visits to facilities; revised offer twice: LyondellBasell (PTI)...Taxes account for 51.5% of petrol price in Delhi (PTI)...Alternative source of gas supply – import from Iran and Turkmenistan (Press Information Bureau)...Modernization programme of ONGC (Press Information Bureau)...LPG suppliers threaten to close shops in Dimapur (PTI)...Why RIL’s bid for Lyondell failed (Live Mint)...Asia Crude-ONGC sells Sokol at stronger premium (Reuters )...IOC tenders to buy more crude oil for May (Reuters)...Oil ministry proposes three-year deepwater rig holiday (CNBC-TV18)...Power, petroleum ministries again clash on gas price (Hindustan Times)...Rajagopalan loses GSPC chief's post (Times of India)...Sanctions on Iran counter-productive (The Hindu)...India's Reliance 'eyes new prey after Lyondell snub' (AFP)...Costly crude puts strain on fuel price (The Telegraph)...Events in Nigeria and China help push crude prices higher (Financial Chronicle )...Mexican pride threatens oil production (Financial Chronicle)...Garware Offsh - award of contract from ONGC (Garware Offshore Services )...Aban Offshore - credit rating (Aban Offshore )...OIL field discovery in Syria by OVL and partner (ONGC Videsh)...Appendix 3Y (Oilex)...
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PETROWATCH Back Issues
1 Jubilant wants $300m floatation
For the third time, India’s Jubilant Energy is frantically trying to get listed on an overseas stock exchange.
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
2 Gazprom to drill Mahanadi well
Gazprom’s delayed exploration programme at Mahanadi basin block NEC-OSN-97/1 is set to resume.
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
3 CNG price hike in Gujarat
Heavy taxes and increasing overheads have forced Gujarat’s biggest CNG retailer GSPC Gas to hike its pump price.
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
4 Blackford Dolphin technical delay
Unexpected 'technical' delays have forced Reliance to put on hold its eastern offshore drilling plans for Fred Olsen owned semi-submersible Blackford...
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
5 Kanawara gas from Heramec
Hyderabad-based Heramec is reluctant to offer more gas from its Kanawara field in Gujarat for fear of damaging the reservoir.
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
6 Great Offshore rig almost ready
Mumbai-based drilling contractor Great Offshore doesn’t think it will be too difficult to get a contract for its ‘new-build’ jack-up V-351,
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
7 Rocksource for drilling holiday
Norwegian explorer Rocksource is the first foreign explorer to publicly add its voice to growing calls for the Indian government to sanction a...
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
8 Gas wanted to fire 500-MW station
Andhra Pradesh-based rice processor MM Mills hopes to source 2m cm/d D6 gas from Reliance for its upcoming gas-fired 500-MW combined cycle power...
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
9 GeoEnpro to hire John Energy rig
GeoEnpro is to hire a 2000-hp rig from John Energy to drill one exploration well at its 12-sq km producing Kharsang oilfield in Arunachal Pradesh.
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
10 NTPC gets 1.2m cm/d D6 gas
NTPC signed a contract with Reliance for 1.2m cm/d D6 gas on February 16,
Vol 13, PW 18 (Feb 25, 2010) - News In Brief (1 credit)
11 Expect big changes at the DGH post-Sibal
Moves are afoot to radically restructure the DGH following a trail of allegations against former director general VK Sibal.
Vol 13, PW 18 (Feb 25, 2010) - Ministry, Politics & People (1 credit)
12 Dasgupta suggests Behuria for Petronet-LNG
In an unorthodox move which has left many surprised, Petronet-LNG managing director Prosad Dasgupta has suggested IOC chairman Sarthak Behuria as his...
Vol 13, PW 18 (Feb 25, 2010) - Ministry, Politics & People (1 credit)
13 Bhargava tipped as new additional secretary
Senior bureaucrats are lobbying hard to become the new oil ministry additional secretary, a post left vacant by S. Sundareshan when he replaced RS...
Vol 13, PW 18 (Feb 25, 2010) - Ministry, Politics & People (1 credit)
14 More graft allegations against GSPC from Gohil
Gujarat opposition leader Shaktisinh Gohil clearly has a grudge against GSPC! On February 10, the Gujarat Congress party chief discharged another...
Vol 13, PW 18 (Feb 25, 2010) - Ministry, Politics & People (1 credit)
15 GSPC close to finalising draft IPO prospectus
Still unclear is if any of Gohil’s allegations will figure in GSPC’s draft prospectus prepared for its upcoming stock market launch.
Vol 13, PW 18 (Feb 25, 2010) - Ministry, Politics & People (1 credit)

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