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Jun 2020

There has been a chang in the pattern of LNG contracts of late.
8Oil-indexed contracts are on the wane, while hybrid contracts are on the increase
8Also the average oil indexation ratio went up in 2018, only to fall in 2019. 
8If you are eying contracts outside of spot deals, what kind of mix should you go for? If indexed to crude, what kind of indexation can you expect?
Get detailed information here
   Details
Low cost of oil notwithstanding, this E&P producer is going ahead with its offshore development project
8First oil and gas expected in the next fair weather window
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It is a strange case in E&P parlance, of an errant child questioning its parents
8But in post-COVID times, nothing is impossible, it seems
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New man in charge of a critical division in E&P company
8Will he be able to deliver results?
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A limited tender has been floated for drilling of ultra deep wells
8The drilling will be of the extended reach variety
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For reference purposes the website carries here the following tenders:
8Supply of 1400 MT of Mono Ethylene Glycol (MEG) to our Lube Oil Details
8Supply of around 99 Crore Litres of Denatured Anhydrous Ethanol at Oil Marketing Companies Details
8Procurement of Rust Preventive Oils Details
8Supply of Pneumatically Operated Butterfly Valves Details
8Notice for Invitation for Cutting Mill Details
8Construction of 150 KL ETP at Vashi Terminal Details
8Supply of Propylene Gas Analyzer System Details
8Micro Compounder System with AMC Details
8Procurement of industrial gas for a period of 3 years through RC Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Indian state retailers' May petrol sales fall 36 per cent; diesel down 31 per cent Details
8LPG prices raised by up to Rs 37/cylinder after three cuts Details
8India's fuel demand recovery gathers pace in May; sales almost double compared to April Details
8ATF price up 50 per cent, LPG up Rs 11.5 per cylinder Details
8Threat to national park, wetlands after India gas well blowout Details
8OIL contacts global experts to control blowout in Assam's Baghjan Details
8Iraq crude sales slump in May, but revenues inch up Details
8China snaps up Russia's expensive Urals oil in thirst for sour barrels Details
8Athens rejects 'illegal' Turkey drilling plan Details
8CNG price in Delhi hiked by Re 1 per kg Details
8OPEC, Russia discuss extending oil cuts for 1-2 months: sources Details
8Oil steady as Opec+ considers extension to crude curbs Details
8Oil prices hold ground ahead of OPEC+ meeting on extended output cuts Details
8Trump administration shelves more oil and gas lease sales Details
8Putin, Trump discuss G7 summit, oil markets over phone Details
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ONGC has opened up opportunities for Indian firms in a big way recently
8"It is a move that can make a real difference," an ONGC vendor told this website
8But there is a counter narrative to this point too.
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An offshore E&P construction company has sent out pink slips to its employees.
8People were sacked from its logistics, operations, HSE, and quality control sections, its is learned.
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Details
Bulk of India's LNG imports are oil-indexed
8But a new very comprehensive study seems to show that such contracts serve the seller better than the buyer
8There are lessons here for India Details
With spot prices at below $2/mmbtu, the US LNG terminals are now working at below marginal cost
8Capacity utilization is dramatically down
Find out more on how US LNG supplies can now disrupt the market much more than ever before. Details
Halliburton, Schlumberger and Baker Hughes are the three big oil & gas service provider
8Find out why one of the three is better equipped to rough it out in the aftermath of COVID-19
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Here is a home grown E&P company which has seen a dramatic fall in Q-4 revenues
8But managed to keep its bottom line up
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The Director General Shipping has evolved its own benchmarks for COVID-19 response
 8But are they in line with international benchmarks?
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India's largest private ship owner turns in a profitable year
8Current year is looking up as well
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Find out why LNG is the cheapest hydrocarbon as of now
8Lower than diesel, LPG, VLSFO, coal and crude
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Latest data seems to indicate that suppliers who had initially rejected invocation of force majeure clauses on LNG cargoes by buyers are now being forced to accept them
8India has so far slapped force majeure on 10 cargoes and more notices have been sent on future scheduled deliveries.
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For reference purposes the website carries here the following tenders:
8Hiring of Service of AMC for Repair, Maintenance, Trouble Shooting of Electrical Installations/ Systems, including O&M of DG Sets Details
8Carrying out Civil work at drill Site Details
8Consultancy Services for replacement of CSU at Uran Plant Details
8Civil works for Work over rig at CT-1 & CT-2 Details
8Providing HP Catalyst Screening Unit Details
8Tank Truck holding area at HPCL Unnao Plant Details
8Procurement of Chassis for Refuellers & Dispensers for Aviation SBU Details
8Expression Of Interest for Procurement of Product to build a Customer Engagement Platform Details
8Providing IT Facility Management Services, Centralized Service Desk and other IT services Details
8Technical Consultancy Services for Process & Detail Engineering Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8India oil import bill falls 10 per cent to $101 bn in FY20 Details
8Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities Details
8Union Minister Dharmendra Pradhan dedicates 56 CNG stations to the nation Details
8Crude oil prices fall but remains set for biggest monthly gain in years Details
8Baghjan well blowout: Dharmendra Pradhan takes stock of situation Details
8Dharmendra Pradhan envisages home delivery of petrol, CNG Details
8Centre notifies land acquisition process for laying oil pipeline Details
8Fuel prices may rise by Rs 5/litre after daily revision restarts Details
8Govt seeks USD 520 mn from Cairn Oil & Gas; co slaps arbitration notice Details
8Reliance on track to achieve zero net debt: Report Details
8Delhi: IGL may hike CNG price to recover ‘corona costs’ Details
8LPG cylinder prices hiked across India, here are the new rates for different regions Details
8View: Covid-19 will hasten the demise of many oil refineries Details
8Morgan Stanley not given advisory role on Aramco pipeline sale Details
8Oil marketing firm Eighty-Eight oil declares force majeure: sources Details
8Total needs to cover $12 billion shortfall due to crisis: CEO Details
8Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays Details
8OPEC delivers three quarters of record oil cut in May: survey Details
8Oil analysts see prices edging up but still capped below $40/bbl: Reuters poll Details
8OPINION: Could Opec+ become a victim of its own success? Details
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The cancellation of Cairn India contracts with its service contactors is involving force majeure conditions has been the focus of the E&P industry in India
8What are the relevant provisions of the contracts?
8And what are the legal implications? Details
8One big promoter of the Mozambique LNG project, in which the Indian trio of ONGC, OIL and BPCL are involved, will have to indulge in a massive cost cutting spree on account of a big gap in revenues
8Will that impact the project? Details
The Nayara petrochemical tender will be the first to be conducted by the new owners of the refinery
8Find out why there is trepidation among the bidders over the tender
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Get the latest update on the Siliguri-Parabatipur greenfield product pipeline here
8EIL is the EPCM contractor
8The HDD vendor has been selected from out of four bidders
8COVID has impacted tendering.
Find out more on when RFQs for pumps and line pipes are going to come out now. Details
A chain reaction of sorts has been spurred by the cancellation of integrated drilling contracts by Cairn India.
8While one service provider has lodged a $100 million claim on Cairn, the service provider in turn has been slapped with a Rs 120 crore claim by a sub-vendor.
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