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Apr 2020

We have taken a large CGD player and gone through its current demand for gas matrices with its top excutives
8The same matrices, we have been told, apply for most large CGD companies currently operational
8By how much has demand come down? And which are the segments impacted most?
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After absorbing the shock of the lockdown, the business community is readying multiple-point action plans to tackle the crisis
8The list is long, but it incorporates redressal of the main issues that will now bedevil the oil & gas sector as well
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By how much will LNG demand suffer with a three week lockdown?
8What if the lockdown is expanded?
8Key buyers in India declared force majeure last week as they lost the manpower to unload vessels and faced declining demand due to the country’s shutdown.
8Of the 14 vessels floating worldwide carrying cargoes that cannot land, there are three ships still offshore India.
8That's down from many more vessels which were floating offshore of India
8Eight vessels were able to discharge in India over the previous seven days, it is learned
8But the situation may get worse before it gets better
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Trump said he had brokered a deal to cut output by 10 to 15 million barrels per day (bpd) - an unprecedented amount representing 10% to 15% of global supply, and one that would require the participation of nations outside of OPEC and its allies.
8The "deal" seems to have firmed up the price of Brent to some extent
8What is the "deal" all about, get a full analysis here
8And will it really work?
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The first comprehensive modeling exercise on how COVID-19 will impact global demand for oil and gas is out
8Two scenarios are envisaged, an early stabilization or a protracted pandemic
8Infection by COVID-19 has peaked in China, and is assumed to peak also in Japan and South Korea in March or April, and in April or May in Europe, North America and Iran. In the Middle East countries other than Iran, and also in South America, Africa, South and Southeast Asia, Russia, Central Asia and Australia, the infection will not spread to a serious level.
8The risks caused by infection will mostly end during July and August, after which economic activity will begin to recover to normal levels.
8The projected figures are of course lower than what could have happened under a pre-COVID scenario, but will they be alarmingly lower?
Click on Report for more Details
With gas prices down, the stranded gas fired capacity can now get started
8The competitiveness of gas based capacity in the power sector is being relooked, as some gas based capacity has already got going
8At current prices, as can be seen through a correlation exercise, a lot of gas-based power has become viable
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For reference purposes the website carries here the following tenders:
8Providing and Operation of LMVs at refinery Details
8Geotechnical, Hydrographical and Hydrological Survey for Srikakulam-Angul Pipeline Project Details
8Design and Commissioning of Fire Alarm System Details
8Security Caretaking and Loss Prevention Services at Pipeline Installations Details
8Supply, Installation and Commissioning of Process Gas Chromatographs Details
8Design and Commissioning of Vapour Recovery System Details
8Supply of Reciprocating Compressors Details
8Online Condition Monitoring of Motors at refinery Details
8Annual Maintenance Contract for Clean Agent Systems Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8CNG, piped cooking gas price in Delhi, adjoining cities cut Details
8No change in basic selling price of petrol, diesel: IndianOil Details
8Oil firms delivering over 60 lakh LPG cylinders daily during lockdown: Pradhan Details
8Fuel consumption sees drastic drop Details
8Government advances transfer of cash to Ujjwala consumers Details
8Karnataka: MRPL ensures smooth fuel supply during COVID-19 spread Details
8Pradhan speaks to US Energy Secretary on slump in fuel demand due to Covid-19 Details
8BPCL develops faster, cheaper tech to assay crude; in talks with MNCs for commercial tie-ups Details
8Gujarat: GSPC begins process to sell stake in 7 onshore blocks Details
8ONGC's SOS to govt: Cut cess, royalty, free gas price to help co survive Details
8Fuel demand crashes in March; April to be worse Details
8Oil demand is likely to fall by a quarter in 2020: Yan Chong, Refinitiv Details
8Trump does not plan to ask U.S. oil producers for coordinated cuts Details
8Asian prices drop to record low as coronavirus slams gas demand Details
8Trump to host Big Oil execs at White House to discuss market slump Details
8Deep oil output cuts won't offset unprecedented demand loss: IEA Details
8Trump aims to ease US oil cash crunch, no plan to trim output: sources Details
8US not negotiating with Saudi Arabia, Russia; wants them to reach oil deal: source Details
8Oil price barrels ahead as OPEC flags meeting Details
8Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal Details
8OPINION: Crude oil's wild ride doesn't answer the serious questions: Russell Details
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When it comes to bargain hunting, you cannot beat the Indians
8First it was for LNG, as hungry Indian buyers thronged the market but then the virus attack forced them into a quick retreat. Now it is the Indian shipper.
8Last week, an Indian buyer picked up a vintage VLCC sensing a killing
8Meanwhile, the oil glut is witnessing VLCC rates now fixing north of $100,000/day while the period charter market is expanding.
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The company has 20-year LNG contracts to buy 5.8 million tonnes per year of U.S. LNG, split between Dominion Energy Inc’s Cove Point plant and Cheniere Energy Inc’s Sabine Pass facility in Louisiana.
8With demand for LNG drying up globally, GAIL is finding it near-impossible to honour its offtake commitments
8But the gas major may end up with an unexpected relief that may keep the company off the hook.
Click on Details for more
Last week,Indian state-owned entities like GSPC and and GAIL (India) Limited issued force majeure notices to their suppliers for March-April delivery cargoes to Dahej,Mundra and Dabhol LNG terminals
8This is even as LNG prices are touching fresh lows.
8COVID-19 is beginning to bite the industry but it will be the fastest to revive when the situation settles down
Click on Reports for more Details
 What kind of production rate is the first gas well from ONGC's KG-DWN-98/2 block throwing up now?
8ONGC has activated the U-3-B well, with a target output of 0.7 mmscmd
8What is the status as of now?
8Find out why Great Eastern Shipping may post one of its best years this year
Click on Details for more Details
Just like with Great Eastern Shipping, this may turn out to be a very good year for the LNG industry
8Some segments may be impacted by COVID-19 but some big demand segments are expected to carry the day
Find out more Details
Now that the COVID-19 repercussions are spreading, a wish list is being drawn up to salvage the oil & gas industry
8Find out more on what is being talked about
8Also, it may well be likely that the oil & gas sector may end up bearing a disproportionate share of the burden
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What about vendor payments by ONGC?
8How is the situation managed?
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Did McDermott declare Force Majeure in the KG-DWN-98/2 block? And what has ONGC's response been?
8McDermott is responsible for transportation and installation of SURF and SPS facilities. It has using its engineering and other key resources in Kuala Lumpur, Malaysia and Chennai and had deployed the Derrick Barge 30, Lay Vessel North Ocean 105 and Lay Vessel 108 in the block.
8McDermott's cost is pegged at $700 million, and that includes marine spreads
8The multinational is part of a consortium lead by Baker Hughes with L&T Hydrocarbons also as a partner
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Find out how ONGC's top executives are working during the lockdown.
8Is work getting hampered?
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8With POL offtake coming down, big refineries are going through a lower capacity utilization level
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For reference purposes the website carries here the following tenders:
8Providing Security Services to all the SV stations & pigging stations Details
8SITC & Service of DNS Security Solution Details
8Procurement of Triple Offset Butterfly Valves Details
8EOI from Compressed Biogas or Compressed Natural Gas or Liquified Natural Gas equipment manufacturers and suppliers Details
8Procurement of Network Monitoring and Management Solution at refinery Details
8Supply of Mechanical Seal Spares at Barauni Refinery Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8IOCL's Mathura refinery ramps up LPG production amid lockdown Details
8DGH refuses commerciality of ONGC's deepest gas find Details
8Nationwide lockdown to cost Indian economy USD 4.64 bn every day: Acuite Ratings Details
8ONGC to lose Rs 4,000 cr on new gas price; seeks freeing of gas prices Details
8IGL cuts CNG, PNG prices Details
8Oil cos switch to BS-VI fuel without raising prices; rate hike due to high state VAT: IOC Details
8Petrol, diesel prices jump by Re 1 in 3 states on higher tax Details
8As oil sinks, some companies float idea of 'zero clause' in trades Details
8Russian oil output steady in March: Interfax Details
8OPINION: LNG's plummeting price in Asia should drag down thermal coal: Russell Details
8Asian refiners call on Saudi to cut oil prices further in May Details
8Shale-well frackers grind to a halt as oil prices collapse Details
8China's Daqing to boost oil refining and petrochemical production Details
8Russia has no plans to increase oil output: Energy Minister Details
8Oil-producing countries have not discussed deals outside OPEC+ format - Kremlin Details
8Nigeria tells oil, gas companies to cut staff in pandemic fight Details
8Oil rebounds on hopes of US intervention to end price war Details
8Saudi Arabia and Russia signal readiness to cooperate on oil Details
8UK oil, gas body asks gov't to adapt financial aid schemes for oil service sector Details
8Brent physical oil benchmark at record $10 discount to futures Details
8UAE's Dana Gas delays decision on Egypt assets sale Details
8OPEC's daily basket oil price slides below $17 a barrel Details
8Trump says oil output cut could be as high as 15 million barrels a day Details
8Oil majors rush to raise billions in debt as crude prices sink Details
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Now that the Ratna R-Series field tender has been cancelled, what is its status going ahead?
8Find out what top executives of ONGC has to say about the fate of the tender
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Some public sector segments have moved from hard copies to email billing as a result of the lockdown
8Oil companies have not announced any such measures but other non-oil public sector companies have been ordered by their ministries to do so
8Hard copies are to be submitted within 15 days of the lifting of the lockdown
Click on Reports for more. Details
Now that gas prices have been revised downwards by the government, how do these pricing dynamics work through the system
8How will the upstream business fare?
8What will be the impact on the downstream industry?
Click on Reports for more Details
Companies like GAIL face a Hobson's choice when it comes to charter hiring of ships
8There has been a big spike in floating storage, from zero ships to about 25 ships and at significant freight rates.
8Also with a burden to lift a large volume of US LNG, even though it has back to back lifting arrangements for a bulk of the LNG, GAIL will have to take some quick decisions or it may run out of ships to hire when demand revives by coming autumn or winter
8Then again, most of GAIL’s downstream supply contracts are linked to the three-month average Brent crude price. While these have witnessed a steep decline, henry hub natural gas prices have not witnessed a similar decline because of which, the profitability on the HH indexed natural gas is expected to beadversely impacted. Click on Details for more Details
8These may be tough times for the oil & gas industry but that has not deterred an Indian major to complete an oil & gas transaction worth over $100 million this week
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For reference purposes the website carries here the following tenders:
8Supply of Special control valves (butterfly) Details
8Supply of Fittings from Seamless Pipe-carbon Steel Details
8Procurement of TnHAL 50% Solution in White Mineral Oil Details
8Production and Supply of Compressed Bio Gas to Oil Marketing Companies Details
8Annual Rate contract for supply of Methyl Diethanol Amine Details
8Annual Rate Contract for supply of CS Plug Valves & CS Pressure Balanced Plug valves, manually operated valves and MOVs for all over India Details
8Supply of Variable Frequency Drives Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8LPG cylinders cheaper by up to Rs 65, second price cut in two months Details
8OMCs announce Covid-19 ex-gratia for personnel as goodwill gesture Details
8Ujjwala beneficiaries entitled to 3 free LPG cylinders under PM Garib Kalyan Yojana, can avail free cylinders up to March 2021 Details
8Staff crunch may hit LPG distribution in Bengaluru Details
8India switches to world's cleanest petrol, diesel with no increase in prices Details
8Oilfield spending to fall 21 per cent as producers slash outlays: report Details
8COVID-19 lockdown: Air quality in India’s major industrial cities improve by up to 60% compared to last year Details
8IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait Details
8Rs 5 lakh ex gratia announced for LPG vendor Details
8Oil cos, power PSUs, SBI gear up to fight Covid-19 Details
8We are regulating crude throughput to scale-up operations when required: MK Surana, Chairman, HPCL Details
8Fuel prices hiked in Mumbai, prices remain unchanged in other metro cities Details
8Make free market for local natural gas: ONGC Details
8Saudi oil supply hits record high despite U.S. pressure Details
8Trump says ready to help end Saudi-Russian oil-price war Details
8Oil plunges 4 per cent as oversupply fears pile up with US inventories growth Details
8U.S.-Saudi oil alliance idea born at White House, put on back burner for now Details
8Gulf stocks battered by coronavirus, oil price war in Q1 Details
8Chinese buyers snap up U.S. oil purchases at widest discounts ever Details
8Oil majors slash 2020 spending by 20 per cent after prices slump Details
8Russia's Siberian Light oil falls to record low as buyers avoid light barrels Details
8UAE's Fujairah oil storage tanks at full capacity: industry Details
8Oil surges as Trump talks up hopes for truce in Saudi-Russia price war Details
8Singapore's Pavilion Energy seeks industry standard for green LNG Details
You can also click on Newsclips for more   Details
How equipped is Reliance Industries Ltd is to take on COVID-19?
8RIL exported 39.3mmt of refined products in FY19. Slowdown in global demand of petroleum products could eventually result in lower utilization levels.
8By how much are estimates cut for the current year? Details
An oil & gas multinational has just announced that it will not impose salary cuts on its employees for three months
8There will be no layoffs either, the company said, despite restricting conditions
8What about other companies? And will local companies have that kind of staying power?
Click on Details for more Details
The crude tanker market is going through never-before undulations
8Prices scaled new heights before falling, only to go up again now
8Also know more on what is up for smaller tanker sizes which are now chartered for floating storage of refined products, particularly jet fuel,
Find out more on what is going on in this market, click on Reports Details
The ceiling gas price for ONGC is now well lower than its breakeven price for its KG-DWN-98/2 block
8The gas major faces a daunting task in ensuring viability of its $5 billion investment, as also keep its nomination block gas fields running
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The LNG spot market seems to have crashed
8But the LNG spot vessel rate is behaving differently
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8The lockdown had kept crews aboard ships beyond the statutory stay period
8But other countries are relaxing the rules.
8Can India adopt best -practices on how to deal with this problem?
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For reference purposes the website carries here the following tenders:
8Procurement of spares and consumables of pigging system Details
8Supply of Ammonium Polysulphide Details
8Supply of Dissolved Oxygen/ Conductivity/ PH Analyzer Details
8Procurement of Pipe Fittings, Flanges on ARC Basis Details
8Procurement of quartz sand and gravels for raw water treatment plant Details
8Supply, Installation & Commissioning of Fire Water Spray System Details
8Supply of Pure Condensate Pumps Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Consumers who booked LPG cylinder in panic don't have empty cylinders to accept delivery Details
8Oil, gas bid deadline extended; bid rounds merged Details
8Low oil prices don't mean much for India at this stage: Expert Details
8Govt extends BPCL bid deadline to June 13 Details
8ONGC, IOC, other oil cos contribute over Rs 1,031 cr to PM COVID-19 fund Details
8Natural gas price drops 26 per cent to record low of $2.39 per mmbtu in India Details
8India keeps date with BS-VI fuels amidst corona lockdown Details
8Demand for cooking gas increases by 25 per cent in Madhya Pradesh Details
8India LPG demand will not see a massive jump in March, panic buying has decreased: LPG Distributors Federation Details
8Indian oil PSUs expected to be hurt the most amid tepid demand: WoodMac Details
8COVID-19: Indian Oil Corporation insures over 3.2 lakh employees Details
8Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse Details
8TC Energy to start work on Keystone XL pipeline after $1.1 bln Alberta funding Details
8Abu Dhabi's Gulf Marine Services reaches debt restructuring deal Details
8Putin and Trump agree oil market situation suits neither: Kremlin Details
8Poland's PGNiG to take immediate steps to receive $1.5 bln from Gazprom Details
8Oil marketing companies gain; BPCL rises 15 pc Details
8Saudi Aramco tells service firms to support its oil output hike to 12 mln bpd from April Details
8Coronavirus outbreak: Global oil demand to fall to 95-96 mbd in 2020, say agencies Details
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February was a bellwether month for the LNG industry
8Imports surged 67% but March may end up being a different story
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As the lockdown impact spreads, more gas buyers are throwing up their hands in the air, and invoking force majeure caveats in their gas supply agreements
8Will these end up as skirmishes that will spill over to the courts
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How much has gas demand being impacted by the lockdown?
8What is the current capacity utilization at the LNG terminal at Dahej
8And at Shell's Hazira plant?
8What about force majeure conditionalities? When invoked by terminal owners, will they be accepted?
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It is never easy to open up the clogged evacuation channels for the fertilizer industry, the largest buyer of LNG in the country. Thankfully it is an essential service, the payment terms are structured under a retention pricing system so there is no clogging of this channel, and fertilizers have to reach the retail shop before the busy season begins.
8Find out how both state and central governments are working hard to open up the lines
8Remarkable progress has been made, but find out where they have been successful and where there are failures. One fertilizer unit shut down because stocks could not be evacuated.
8The fertilizer sector is the only segment that can now keep the gas supply industry alive, so more than anytime before, this is the segment that gas suppliers need to keep keep a close watch on
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Cairn India is about to launch its OALP blocks campaign. The company had bagged 41 of the 55 blocks under the OALP-1 auction
8Find out the details of its seismic contracts.
8Rig contracts were also finalized through a reverse auction methodology. Also, know more on who were placed L-1 in these contracts
8Also, a set of integreted contacts were on the verge of finalization
8Will the coronavirus impact change all this? Know more on what the company is thinking
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