MARKET DEVELOPMENT (GLOBAL)
Alaya Legal presents its Thirteenth Issue of the Oil & Gas E-Zine. The publication provides systematic legal updates and developments from the oil and gas industry across global and domestic markets.
Reference Material
- Categories of proven oil and natural gas reserves across the globe.
- Overview of Upstream, Midstream, and Downstream sectors in the Oil & Natural Gas Industry.
ONGC Partners with Schlumberger and Halliburton to Enhance Production from Mature Fields
December 12, 2016
ONGC entered into agreements with Schlumberger Overseas S.A. and Halliburton Offshore Services Inc. to improve production from mature oil and gas fields located in Assam and Gujarat.
The initiative aligns with the Hydrocarbon Vision 2030 for North East India and aims to improve recovery from aging hydrocarbon assets.
Statoil Awards Utgard Development Contract to OneSubsea
January 19, 2017
OneSubsea received an engineering, procurement, and construction contract from Statoil for the Utgard gas and condensate development in the Norwegian North Sea.
The project includes subsea production systems, wellheads, control systems, and associated intervention equipment.
IndianOil Deploys Bio-Remediation Technology for Chennai Oil Spill
February 3, 2017
Indian Oil Corporation deployed its Oilivorous-STM bio-remediation technology to manage the oil spill near Ennore Port, Chennai.
The technology utilizes specially identified microbes that naturally remove oil contamination and restore affected soil.
Indigenously Developed Delayed Coker Unit Commissioned at Barauni Refinery
February 6, 2017
Indian Oil Corporation and Engineers India Limited jointly developed delayed coking technology which has been successfully implemented at the Barauni Refinery.
The facility incorporates advanced international-standard refining features and enhances domestic technological capabilities.
ONGC Approves Five Major Development Projects
February 23, 2017
ONGC approved five strategic projects involving a total investment of INR 7,327 Crore.
The projects include:
- Development of R-Series Fields including Revival of R-12 (Ratna)
- Redevelopment of Santhal Field
- Development of B-147 Field
- Development of BSE-11 Block
- Fourth Phase Development of NBP Field
IndianOil Restores Mathura-Jalandhar Pipeline Operations
February 26, 2017
IndianOil successfully repaired and restored operations of the Mathura-Delhi section of its Mathura-Jalandhar pipeline following detection of an illegal tapping incident.
India and UAE Sign Strategic Oil Storage Agreement
March 6, 2017
The Union Cabinet approved the oil storage and management agreement between Indian Strategic Petroleum Reserve Limited and ADNOC of the UAE.
The agreement strengthens India’s energy security and represents a significant UAE investment in India’s energy sector.
Chevron Begins Production at Mafumeira Sul Offshore Angola
March 8, 2017
Chevron subsidiary CABGOC commenced oil and gas production from the Mafumeira Sul project offshore Angola.
The facility has a production capacity of 150,000 barrels of liquids and 350 million cubic feet of natural gas per day.
REGULATORY & JUDICIAL DEVELOPMENT – INDIA
PNGRB Amends Pipeline Transportation Tariff Regulations
December 2016
The Petroleum and Natural Gas Regulatory Board amended Regulations 4 and 5 of the Pipeline Transportation Tariff Regulations, 2010.
The amendments allow extension of the transitional period and introduce revised benchmarking principles linked to railway goods tariff structures.
Mangalore Mineral Pvt Ltd v Mahesh Resources Pvt Ltd & Others
Mangalore Mineral Private Limited filed a complaint alleging restrictive trade practices and abuse of monopoly powers by Mahesh Resources Private Limited.
The complaint challenged security deposits demanded for pipeline infrastructure and alleged anti-competitive conduct.
PNGRB held that consumers are not required to bear the cost of laying pipelines and that such network development obligations rest with the authorized entity.
FEATURE
PNGRB Tariff Regulation Powers Under the Petroleum and Natural Gas Regulatory Board Act, 2006
This feature examines Sections 61, 22, and 11 of the Petroleum and Natural Gas Regulatory Board Act, 2006 and analyzes the scope of PNGRB’s authority in regulating transportation tariffs.
The discussion highlights statutory principles relating to:
- Competition and efficiency
- Consumer protection
- Cost recovery mechanisms
- Transportation tariff benchmarking
- Government policy considerations
The article also reviews the Supreme Court’s judgment in Petroleum and Natural Gas Regulatory Board v. Indraprastha Gas Ltd., where certain PNGRB tariff regulations were declared ultra vires the Act.
STOP PRESS
Government Discontinues Subsidized Imported Gas Scheme
April 4, 2017
The Ministry of Petroleum and Natural Gas discontinued its subsidized imported gas scheme that supported stranded and underutilized gas-based power projects.
The scheme may be reintroduced in the future based on stakeholder requirements and market conditions.
“Thomas Young, an English polymath and physician, was the first to use the word ‘energy’ in its present sense, replacing the traditional term ‘vis viva’, meaning ‘living force’.”
NEXT ISSUE
IN-HOUSE CONTRIBUTORS
- Alak Desai – Oil & Gas Team (Downstream)
- Neha – Oil & Gas Team (Upstream)
SOURCES
- Norwegian Petroleum Directorate
- U.S. Energy Information Administration
- The International Energy Agency
- Organisation of the Petroleum Exporting Countries
- The Oil and Gas Journal
- Official Websites of Various Oil & Gas Companies
- Petroleum and Natural Gas Regulatory Board
- Directorate General of Hydrocarbon
- Ministry of Petroleum and Natural Gas
DISCLAIMER
The information contained in this private circulation does not constitute legal advice and should not be relied upon as such.
The content is sourced from publicly available information and is intended solely for private and non-commercial purposes.
No representation is made regarding the accuracy, completeness, or reliability of the information provided.
This disclaimer shall be governed by and construed in accordance with the laws of India, and any disputes shall be subject to the exclusive jurisdiction of Indian courts.
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Doc ID: 13O&G17
