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Gas-based power plants back in demand-I: Indian grid dynamics have changed .  Gas-based power plants back in demand-II: Changes coming in the next few months.  Gas-based power plants back in demand-III: After test, an all-India roll out likely of working model.  BPCL lines up another $3 billion for early monetization of E&P assets.  False reporting behind high pollution levels in India.  Well stimulation vessel: Why did Schlumberger quote so high?.  Download Tenders and Newsclips.  Upcoming business opportunities in the power sector.  Cloak and daggers over KG-DWN-98/2: L-2 bidder claims to be winner, accuses L-1 of sabotage and espionage.  Cloak and daggers over KG-DWN-98/2: ONGC refuses to part with video tape.  RIL-BP's KG Basin investments-I: Only $2 billion from own pockets.  RIL-BP's KG Basin investments-II: How attractive are they?.  Download Tenders and Newsclips.  Well stimulation vessel deal: Find out who is the winner.  IMO 2020 will upset refinery margins-I: Expect big margin losses.  IMO 2020 will upset refinery margins-II: Many dynamics will be at work.  IMO 2020 will upset refinery margins-III: Why are refiners not investing fast enough?.  Briefs.  E&P RFQs coming up.  Greenfield 3G Bio Ethanol Refinery Project: RFQ for the PMC contractor is expected by October 2018..  

Gas-based power plants back in demand-I: Indian grid dynamics have changed   

Aug 17: At long last, combine cycle gas-based power plants are back in demand. And they will not be subsidy driven this time around.
8The expansion of the renewable industry will now mean that gas-based power plants will be increasingly called upon to fill up the gap in power supply in the absence of large-scale energy storage systems.
8This is part of a major shift now on in the Indian power sector, in which conventional power plants shift from baseload to intermediate load operation
8Indian power grid operators recently recommended the need for power plants to have fast load ramp-ups and shorter low-load and start-up time to ensure a stable grid in the face of increasing injection of intermittent renewable energy.
8The demand for ancillary services, such as a provision of control reserves and frequency support, as well as tertiary control reserves along with consequential load-follow operation, has gone up.
8New operating dynamics, never seen earlier, have now emerged, such as two-shift operations, load-follow operations, island operations, black start capabilities, frequency support and very high start-up and operating reliabilities.
Click on Reports  for more   Details

Gas-based power plants back in demand-II: Changes coming in the next few months  

Aug 17: This is where gas based power plants will now step in. And the change in coming quickly, within the coming few months.
8The pattern of dispatch of combine cycle gas turbines (CCFTs).
8There will be a general shift for CCGTs from base load to flexible operation.
8Flexible operation is broadly defined as any mode of operation other than base load, such as a two-shift operation and load following.
8Two shift operations will mean starting up and shutting down a plant each day to meet load demand during periods of high demand.
Click on Reports  for more   Details

Gas-based power plants back in demand-III: After test, an all-India roll out likely of working model  

Aug 17: Gas suppliers were recently contacted by India's grid operators to help out with two-shift gas plant operations.
8There was some initial reservations as such operations would lead to fluctuations in pipeline pressure which would affect the others connected to their supply system.
8But it is now learnt that least one of them have agreed to try out the experiment
8A mock test is proposed to be carried out at the end of the month in one power plant wherein a gas turbine would be scheduled for 2-3 hours of operation during the evening peak to examine the level of pressure fluctuations in the gas pipelines.
8On successful completion of the trial, the proposed two shift operation would be implemented.
8The energy generated during this mock test will be scheduled to the beneficiaries of the respective generating stations.
8If the system holds out, gas-based power plants across the country will be moved into double shift. And nearly all of them will start pumping out power once again, given India's growing appetite for flexible power.
8If the demand for gas from the Indian power sector picks up in this manner, the gas supply industry in India is in for a major boost
Click on Reports  for more   Details

BPCL lines up another $3 billion for early monetization of E&P assets  

Aug 17: BPCL's upstream activities, driven by Bharat Petro Resources Ltd, is likely to see some sharp uptake
8The company has already invested $3 billion in upstream assets
8Another $3 billion is in the pipeline for early monetization effort, particularly in Mozambique
Click on Reports  for more   Details

False reporting behind high pollution levels in India  

Aug 17: The real reason why pollution is so rampant in India is due to false reporting of data
8The rules are all in place but polluters just do not follow them
859% of the industrial plants whose audits were back-checked by an independent agency were found to be polluting above the standard.
8The other place where fraud occurs is at the auditing level. Monitoring reports carried out by accredited third-party labs were found to be heavily biased. For instance, independent back-check pollution readings were 0.3 standard deviations higher than the readings produced in official audits. In other words, 29% of industries were falsely reported to be in compliance.
8A new study claims that pollution an be brought down by simple measures:
-- Install real time emission monitors and check the data remotely
-- Publicize the list of polluters to build public pressure
-- Move to fines instead of heavy fisted criminal penalties
-- Introduce emission trading
-- Introduce a different set of incentives to get auditors to report correct data
-- Introduce Odd-Even driving restrictions during times of heavy pollution, as data shows that this works
Click on Reports  for more   Details

Well stimulation vessel: Why did Schlumberger quote so high?  

Aug 17: What really was the rationale for the Schlumberger quote an impossibly high day rate of $86,000 for an uncontracted Indian Platform Support Vessel while quoting for a Well Stimulation Vessel tender in India?
8Why was there a need for such a high quote?
Click on Details for more   Details

Download Tenders and Newsclips  

Aug 17: For reference purposes the website carries here the following tenders:
8Tender for Supply of Instrumentation Junction Boxes Details
8Tender for Supply of Cast Valves Details
8Tender for Overhauling/Servicing/AMC of Auma India Pvt. Ltd. make actuators Details
8Procurement of Pulleys for Refinery Details
8Supply of Liquid Chlorine in 100 Kg Cylinder Details
8Tender for Service Contract for BHEL make DAVR & ECS Details
8Tender for Consignment clearance services at port trust Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Japan steps up US LPG purchases in fallout from Sino-US trade conflict Details
8India's oil import bill to jump by $26 billion on rupee woes Details
8Angola aims to boost crude oil output with new block sale agency Details
8Stock market update: IGL, IOC drag oil & gas index down Details
8Swiss utility in LNG supply talks with Canada's Goldboro project Details
8Workers to strike at three Total North Sea oil and gas platforms on August 20: Union Details
8OPINION: Fuel markets confirm global growth slowdown Details
8U.S. energy chief Perry applauds Mexico's plan to end fuel imports Details
8Oil prices fall amid fears over slowing global economic growth Details
8Russia's Gazprom Neft says expects better oil output dynamic in 2018  Details
8Rs 44,000 crore greenfield freight corridor on east coast in the works Details
8Dalian coke extends rally to 7-year peak as China curbs hit supply Details
You can also click on Newsclips for more   Details

Upcoming business opportunities in the power sector  

Aug 17: Project Name: Thermal Power Station - FGD Addition
8Project Cost: 1060 crores
8Project Description: Owner has awarded an EPC contract for development of the flue gas desulphurization system (FGD) in a 1980 MW thermal power plant. Further bids are expected soon.
8Project Event: RFQ for civil works of piling, foundations, structural and architectural works of the FGD system is expected by the Q4 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Q4:2018
8Release Date: Q4:2018
8Start Date: Q1:2019   
8Completion Date: Q1:2022
Click here for more information
8Project Name: Thermal Power Station - Annual Rate Contract Project
8Project Cost: 3 crores
8Project Description: Promoter is planning to come out with an O&M of the lignite handling plant in its existing 300 MW lignite based thermal power plant. A bid for an annual rate contract for O&M of the same is expected soon.
8Project Event: RFQ for an O&M of the lignite handling plant is expected by December 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Dec/2018
8Release Date: Dec/2018
8Start Date: Q1:2019   
8Completion Date: Q1:2020
Click here for more information
8Supply of C&I equipment required in a 1000 MW thermal power station: Find out the project owner
Click on details   Details

Cloak and daggers over KG-DWN-98/2: L-2 bidder claims to be winner, accuses L-1 of sabotage and espionage  

Aug 16: Cloak and dagger games continue to dog the contracting process in ONGC's $5 billion KG-DWN-98/2 development programme
8The L2 bidder for the SURF+SPS bidder has now moved a petition to ONGC, claiming that it should be the one who should actually be nominated as the L-1 contractor.
8Simultaneously, serious sabotage and espionage charges are being levied by one bidder against the other.
8The charges are flying thick and heavy in this high stakes game
For all this and more, click on Details here   Details

Cloak and daggers over KG-DWN-98/2: ONGC refuses to part with video tape  

Aug 16: In another segment of the contracting process involving the KG-DWN-98/2 development, there was a  demand from competing bidders for a video tape on suspicion that there could have been some manipulation of bidding data
8But it is learnt that ONGC is refusing to part with the tape
Click on Details for more   Details

RIL-BP's KG Basin investments-I: Only $2 billion from own pockets  

Aug 16: How much money will RIL-BP combine invest in the R-Cluster and MJ discovery from their own pockets?
8It looks like the total investment will not be as high.
8The estimated own pocket investment will be only to the tune of around $2 billion  between mid-2018 and mid-2020.
8Find out why there is such a large divergence between total investment of $ 5 billion and investment from own pockets
Click on Reports for more   Details

RIL-BP's KG Basin investments-II: How attractive are they?  

Aug 16: How attractive is the RIL-BP investment in the in the R-Cluster and MJ discovery?
8A lot will depend upon the price of gas relative to the cost of production
8And the price of gas will be pegged to the landed price of LNG
8Are banks and financial institutions willing to back these investments?
Click on Reports and Details for more   Details

Download Tenders and Newsclips  

Aug 16: For reference purposes the website carries here the following tenders:
8Supply of Seamless Pipes Details
8Supply of MS EFW Pipes Details
8Supply and Installation of CW Pump discharge line butterfly valve spares Details
8Supply, erection and commissioning of vapour extraction system Details
8Supply of Instrumentation cable Tray & Accessories Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Government notifies incentives to oil PSUs in pre-NELP blocks Details
8Renewable energy to power 80% of metro rail operations, tenders floated Details
8Wind turbine maker Vestas launches share buy-back as Q2 profits beat forecasts Details
8Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's consent Details
8Crude oil falls on weaker economic outlook, U.S. crude stocks rise Details
8Slowdowns in China and India eat away at Asian crude oil demand Details
8Iran oil minister to attend JMMC meeting in Algeria in September- ISNA Details
8Chinese oil importers shy away from U.S. crude despite tariff reversal  Details
8Algeria signs gas supply deals with Spain, Italy's Eni -Sonatrach CEO Details
8Oil edges up as China, U.S. set for talks to resolve trade disputes Details
8Investor roadshow in US to draw interest in ONGC, Coal India Details
8US-China trade war could give India handle to trump Iran curbs Details
You can also click on Newsclips for more   Details

Well stimulation vessel deal: Find out who is the winner  

Aug 16: Find out who is the surprise winner of ONGC's stimulation vessel contract
8What were the different rates quotes by these bidders
8What was the winning day rate?
8Which is the winning vessel?
8Why was there such a large variation in day rates
8An Indian flagged vessel was offered but why was the day rate pegged so high for it?
Click on Details for more   Details

IMO 2020 will upset refinery margins-I: Expect big margin losses  

Aug 16: The International Maritime Organization (IMO) has set a global limit for sulphur in fuel oil used to power ships at 0.5% (by mass) from the current 3.5% starting in January 2020.
8The regulations will require the removal of up to 12,000-16,000 tonnes per day of sulphur contained in the 3-4 million barrels/day of high sulphur bunker fuel used for marine transport.
8This change will propagate through the value chain; from the marine industry that will seek replacement fuels to refiners that produce bunker fuel, and to upstream oil producers who produce crudes that generate high sulphur residues used in bunkering.
8It is estimated that under different scenarios of compliance with 2020 regulations, refinery margin loss will be to the tune of $16/bbl to $20/bbl between 2020 and post-2025 relative to average 2017 margins.
Click on Reports for more   Details

IMO 2020 will upset refinery margins-II: Many dynamics will be at work  

Aug 16: Declining refinery margins after 2020 will be on account of an expected drop in prices of middle distillates as the market rebalances
8Unfortunately, the price of resid will not recover at a rate that can stabilize refinery margins, and thus, cannot cushion the effect of the rebalancing middle distillates prices.
8This is because the effect of price movements of the middle distillates outweighs the margin-boosting effect from slowly increasing resid prices.
Click on Reports for more   Details

IMO 2020 will upset refinery margins-III: Why are refiners not investing fast enough?  

Aug 16: The coming into effect of the IMO 2020 regulations should ideally mean that refiners must begin costly refining modifications like adding new coking capacities
8But why are they not doing so at a fast enough pace?
8This may well be because the price volatility that will be created from the IMO rule implementation is not expected to last long enough to make such investments viable.
8Markets are expected to rebalance in a couple of years, and this discourages significant capital investments in complex refining units, which have payback periods of at least two decades.
8Also, there seems to be enough room to process more crudes to meet the expected increases in demand for distillates for marine fuel use, but this does not address the problem of the residual oil glut arising from the introduction of the IMO regulation. Click on Report for more.    Details

Briefs  

Aug 16: 8Which are the major brownfield and greenfield refinery projects coming up in India from the perspective of a licensor or an EPC contractor? Click on Reports for more.
8There is a projection that Petronet LNG's share price is going to go up by 25%. Find out more on what is the real basis of this optimism. Click on Reports for more.
8RIL restarts Jamnagar PE complex after shutdown while it declares force majeure on gasoline exports because of trouble with its FCC units. Click on Reports for more.
8Iran has begun heavily discounting its crude supplies to purchasers such as India. The discount rate in relation to Saudi Arabain crude is the highest in the last one and half decades. Know more click on Report.
8What is the progress on IOC's latest capex round? Get an update on the company's projects here. Click on Reports for more.
8Marketing freedom on sale of gas in the North East may not turn out to be as much of a bonanza as the underlining subsidy now stands withdrawn. Know more click on Report for more.   Details

E&P RFQs coming up  

Aug 16: 8Project Name: Pipeline Development
8Project Cost: Rs 230 crore.
8Project Description: The owner along with EPCM contractor is planing to hire an LSTK contractor for the construction of a gas gathering pipeline. The owner is also planing to carry out a hazard analysis of the pipeline installation. The project involves laying a of a 900 mm dia pipeline.
8Project Event New: RFQs are expected by October 2018.
RFQs for hiring services for hazop studies is expected by November 2018
8Expenditure Approval: Q4/2017
8RFQ Date: Oct/2018.
8Release Date: Dec/2018
8Date: Jun/2019
8Completion Date: Dec/2020
Click here for more details
8Project Name:  Oil Field Development
8Project Cost: Rs 200 crore
8Project Description: RFQs for wellhead installation facility for 6 well Exploration and Development drilling in the existing PML area are expected soon. Currently, the tender for drilling services is under processing. The price bids have not been opened till now.
8Project Event: RFQs for hiring wireline and cementing services is expected by November 2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Nov/2018
8Release Date: Q1/2019
8Start Date: Oct/2019
8Completion Date: Oct/2021
Click here for more details   Details

Greenfield 3G Bio Ethanol Refinery Project: RFQ for the PMC contractor is expected by October 2018.  

Aug 16: 8Project Name: Greenfield 3G Bio Ethanol Refinery Project
8Project Cost: Rs 700 crore
8Project Description: The owner along with the licensor is planning to construct a 3G ethanol plant indigenously to produce 66 KL fuel-grade ethanol per day, primarily from biomass, and it will use approximately 240 tons of biomass per day. RFQ for the BEDP services has already been out and the bidding process is going on.
8Project Event: RFQ for the PMC contractor is expected by October 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Oct/2018
8Release Date: Nov/2018
8Start Date: Q4:2018
8Completion Date: Q3:2021
Click here for more details   Details

Aug 16:Greenfield 3G Bio Ethanol Refinery Project: RFQ for the PMC contractor is expected by October 2018.   Details
Aug 16:BPCL's POL expansion: RFQ for an EPC contractor by October now   Details
Aug 16:Well stimulation vessel deal: Find out who is the winner   Details
Aug 14:Download Tenders and Newsclips   Details
Aug 14:Thanjavur Oil Field Development: EPC contractor hirings coming up   Details
Aug 14:Briefs   Details
 
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