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Jan 2017

In what is going to be of interest to the fertilizer sector in India, projections made by a well known bank shows the price of urea staying mostly flat and rising only mildly over the next 15-year period
8The benchmark East Europe bulk price of urea is expected to stay below the $ 250 per tonne mark all along
8On the other hand, the price of rock phosphate is expected to fall to around $ 104/tonne by the year 2030
8DAP prices too will remain range bound over this period, at $ 350-$ 370 per tonne
8Potassium chloride and TSP prices will also witness narrow price movements.
8Domestic fertilizer manufacturers may find these projections useful for their internal NPV calculations for capital expansions
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Big investments are planned by ONGC in its KG basin offshore assets, including the new acquired DDU field earlier owned by GSPC
8The price tag of the planned investment is a whopping Rs 68,000 crore
8In Andhra Pradesh onland assets, the company has planned an investment of Rs 10,000 crore
8Overall PSUs are meant to spend a staggering Rs one lakh crore by the year 2021-22
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Latest yearly projections released on spot crude prices up to the year 2030 show a flat price, in the range of $ 60-$ 65 range
8Prices are not likely to move further from here on account of plentiful reserves and fight for market share by leading world producers of crude
8North Amercian gas prices are also projected to stay low over this period, never exceeding the $ 4/mmbtu mark
8This means that Japanese delivered prices will not exceed the $ 8/mmbtu mark
8Coal prices on the other hand are to fall over the projected period.
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Oil and gas producers in India, particularly in the expensive HPHT high-reserve technologically challenging KG Basin fields, will have to take cognizance of the 15-year gas price projections while working out their cost economics.
8The base case scenario will have to take into account a US gas price of less than $ 4/mmbtu up to year 2030. To this, the gasification, shipping and regasification cost to India will have to be included. Depending upon how disruptive technology works, gas prices may tend to be below rather than above the $ 4/mmbtu benchmark price.
8For crude prices, all sensitivity analysis will have to be done at the sub-$60/bbl level. Given abundant low cost reserves of oil and competition for market share, as predicted by several research agencies, prices may stay low well into the foreseeable future, with prices diving dangerously low if competition for market share becomes intense.
8Any analysis that throws up a negative NPV at these prices will have to be adandoned
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The EIA has released detailed energy statistics for the month of January, 2017
8The quantum and depth of information is indeed commendable.
8In contrast, the Indian statistical output from the PPAC is indeed very poor.
8Serious efforts will have to be made to be able to shore up the information base of the PPAC
8Whether a more intense exercise will need to establishment of a statutory body independent of government control or the same work can be done as a government of India body under the jurisdiction of the petroleum ministry remains a moot point
8The PNGRB recently made a feeble attempt at putting together a database from the information that is meant to statutorily acquire from entities registered with it. But so far the effort has been far from satisfactory.
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A research paper puts to rest the controversy over whether gas is going to mitigate or exacerbate global warming.
8The paper firmly establishes that exploitation of shale gas in the face of unavailability of carbon capture and storage, and higher than acceptable leakage rates, will increase the cost and reduce feasibility of meeting global temperature goals.
8The conclusion is that the extraction of shale gas is not likely to significantly reduce the effort required to mitigate climate change under globally coordinated action, but could increase
the required mitigation effort.
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Proposed capacity will be 1200 MT.
8It will require 30.07 acre land.
8Total cost of this project will be Rs. 26.43 crore.
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No additional land is required for the POL expansion.
 8Pproposal has been submitted to the state environment impact assessment authority.
 8The proposed project will include installation of two above the ground storage tanks (2 x 858 KL) for biodiesel and one above the ground storage tank (250 KL) for Ethanol.
 8After implementation of the project, capacity of the depot will increase to 18068 KL from the present capacity of 16102 KL.
 8Equipment required: 
 -- Metering System
 -- Batch Controller 
 -- Plant control system 
 -- Programmable Logic Controller (SMPS)
 -- Control and Interlocking System 
 -- Integrated Control System 
 -- Emergency Shutdown System
 Click on Details for more Details
Construction work is under process for the BS-VI up-gradation project in a major refinery.
8RFQs will be floated within 15 days for the following equipment, among others: 
-- Condensors
-- Reflux drum
-- Air fin cooler tube
-- Pumps
-- Plates
-- Heater
-- Nozzle
-- Vessels
-- Columns cyclones
-- Air blower
-- Wet gas compressors
-- Relief vavles
-- Boiler
-- Electrostatic precipitators
-- Scrubbers
-- Bellows
-- Heat exchangers
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A new compressor system will be installed in the petrochemical complex when in shutdown.
List of equipment required:
-- Compressor rotor
-- Combustor
-- Turbine Rotor 
-- Turbine casing
-- Stainless steel nozzle
-- Cooling water jackets 
-- Low friction carbon sleeve
-- TG govemor
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The RFQs have been released for the following equipments for a pipeline project from the drilling field to the GGS:
-- Dosers
-- Compressors 
-- Valves
-- Pipes
-- Pumps
-- Metering stations
-- Pipe benders
-- Automatic welders
-- High resolution smart MFLs 
8A tender has been lined up for trenching services which will be released soon.
 Click on Details for more Details
RFQs for various equipments for a Rs 200 crore drilling programme are coming up
-- The RFQs for Rigs will float by Mar, 2017.
-- The RFQs for Drillpipes will float by Feb, 2017.
-- The RFQs for Drilling Equipments and Consumables will float by Mar, 2017.
-- The RFQs for Bulbs and Spacers will float subsequently.
-- The RFQs for the Infrastructure Development of wells will float by the Mid Of Mar, 2017.
-- The RFQ for Generators is expected to float by 2nd week of Feb 2017.
-- The RFQs for High Pressure Inlet Gas Manifold connecting wells to the Gas gathering station will float by March,2017.
8Recently an RFQ has been floated for the lightening equipments which will be used near the wells.
8Few tenders are also being lined up for pre-drilling activities which will be released soon.
8Currently the tenders for construction of chemical shed, Post Rig building works, HDPE lining, Deep tube well etc. has been released. Another tender is coming up next week.
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A Port Trust has proposed development of liquid cargo berth and a coastal berth.
8The capacity of the project is expected to be around 3 MMTPA.
8The PFR will be submitted by next week.
8The TOR is expected to be granted soon.
8Construction work will start in Q-4, 2017
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A Port Trust had proposed the development of an LNG Terminal involving the building of an FSRU.
8An EOI was floated by the Trust for ownership of the project but did not get much of a response from the bidders.
8Only one party showed it's interest in the project.
8So,the project has been put on hold for the time being.
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For reference purposes the website carries here the following tenders:
8Gas Sale from Kanjirangudi & Palk Bay Shallow Fields Details
8Fabrication, Testing & Supply of Heat Exchanger Tube Bundle for Stabilizer OVHD Trim Condensor Tube Bundle Assembly Details
8Carrying out Civil works at Drill Site TPAD in North Bank area Details
8Lining up an agency for hydrotesting and IBR Liasioning during repair maintenance and schedule testing of boilers, HRSG IBR Vessels and other IBR equipments Details
8Supply of SS Pipes under Third Party Inspection with MTC Details
8Removal of shorted casing pipe and carrying out other associated works Details
8Blinding, de-blinding and flushing of piping or equipment for making plant hydrocarbon free and other allied jobs during DHDT Shutdown for BS-IV project Details
8Providing Techno-commercial Consultancy Services for LNG Shipping Details
8Supply, Installation & Commissioning of Diluant Injection String System Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Crude oil prices extend decline as rising U.S. production weighs amid OPEC cuts Details
8Brazil development bank loses vote on oil, gas industry committee Details
8Oil spill from tanker involved in collision being mopped up: Coast Guard Details 
8Fertilizer poducer IFFCO keen on acquiring 10 per cent stake in Swan Energy Details
8ONGC may report over twofold jump in Q3 net profit, GRM seen at $50/bbl Details
8Crude oil slips as U.S. drilling recovery weakens deal to cut output Details
8Oil slips as more U.S. drilling revives glut concerns Details 
8India-UAE strategic oil reserves deal signed Details
8New explorers expected to be among winners of small fields Details
You can also click on Newsclips for more    Details
Are there alternative routes available for world fossil fuel demand to slow down?
8A lot would depend on the industrialization in Africa. If the economic growth in Africa continues to grow, as is likely, fossil fuel demand is going to continue to increase albeit at a much smaller pace but if growth is slow, then perhaps oil demand can peak around 2035.
8There are other ways of bringing down fossil fuel demand more quickly, including a faster growth in electric vehicle numbers. Instead of 100 million such cars by 2035, there can be another 100 million cars.
8The ‘faster transition’ case assumes that a range of existing policy mechanisms are tightened by far more than envisaged in the base case. Carbon prices in leading economies rise to $100/tonne in real terms by 2035 and a range of other policy interventions encourage more rapid energy efficiency gains and fuel switching.
8As a result, emissions peak in the early 2020s and by 2035 are 12% below 2015; global energy intensity and carbon intensity improve at unprecedented rates. Most of the abatement relative to the base case comes from decarbonizing the power sector.
8That still leaves a significant gap: the ‘even faster transition’ case illustrates a possible configuration that delivers an emissions trajectory that matches the path of the IEA 450 scenario. Emissions in this case are 32% below 2015 levels by 2035.
8Most of the incremental abatement comes from the power sector: by 2035 power is almost entirely decarbonized, with global emissions from power generation less than a quarter of their 2015 level.
8But these fast transition cases depend entirely on how quickly governments move to curb emission levels.
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The Indian oil and gas industry must take a closer look at the BP Outlook on whether its high cost tight oil offshore oil and gas reserves will remain economic in a scenario where abundant low cost global reserves will be available.
8Will India's output will be able to complete with Saudi Arabia or Iran's low cost supplies?
8Most possibly not unless subsidised
8This is an issue that needs careful attention of both policy makers and producers of oil and gas in technologically and geologically challenging offshore areas where most of India's oil and gas reserves are located.
8Unless cheaper onland reserves are found, India but recalibrate its policies in keeping with the BP outlook
8Should India produce or import oil is the main question
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The abundance of oil resources combined with the prospect of slowing oil demand may prompt a change in global oil supplies. In particular, low-cost producers may use their competitive advantage to increase market share.
8Although costs vary significantly within resource categories, the majority of the lowest cost resources are located in large, conventional onshore oilfields, particularly in the Middle East and Russia. This is followed by the best US tight oil plays.
8The abundance of oil resources prompts a change in behaviour, such that production from Middle East OPEC, Russia and the US increases disproportionately over the Outlook, with its share growing from 56% today to 63% in 2035.
8The extent to which global supply behaviour changes is a key source of uncertainty and depends on: (i) the cost and feasibility of low-cost producers increasing supply materially over the Outlook; (ii) the extent to which prices respond to increased supplies of low-cost oil and the implications this has for producers’ economies; and (iii) the ability of higher-cost producers to compete by varying their tax and royalty regimes.
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There is an abundance of oil resources: known resources today dwarf the world’s likely consumption of oil out to 2050 and beyond.
8Global proved oil reserves (the narrowest category of resources) have more than doubled over the past 35 years: for every barrel of oil consumed more than two new barrels have been discovered.
8Technically recoverable oil, a broader category which aims to measure those resources that could be extracted using today’s technology, are estimated to be around 2.6 trillion barrels. Around 1.7 trillion barrels (65%) of those resources are located in the Middle East, CIS and North America.
8This abundance of oil resources contrasts with slowing growth of oil demand. Cumulative oil demand out to 2035 is expected to be around 0.7 trillion barrels, significantly less than recoverable oil in the Middle East alone.
8Looking out further to 2050, under most scenarios cumulative global oil demand amounts to less than half of today’s technically recoverable oil resources.
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In 2015, cars accounted for 19 Mb/d of liquid fuel demand - a fifth of global demand.
8All else equal, a doubling in the demand for car travel over the Outlook would lead to a doubling in the liquid fuel demand from cars.
8But improvements in fuel efficiency reduce this potential growth significantly (by 17 Mb/d) as manufacturers respond to stricter vehicle emission standards. An average passenger car is expected to achieve almost 50 miles per US gallon in 2035, compared with less than 30 MPG in 2015 - a faster rate of efficiency improvement than in the past.
8The growth of electric cars also mitigates the growth in oil demand, but the effect is much smaller: the 100 million increase in electric cars reduces oil demand growth by 1.2 Mb/d. By comparison, this is around a tenth of the impact of the gains in vehicle efficiency.
8Overall, the increase in demand for car travel from the growing middle class in emerging economies overpowers the effects of improving fuel efficiency and electrification, such that liquid fuel demand for cars rises by 4 Mb/d - around a quarter of the total growth over the Outlook.
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Growth in global coal demand slows sharply relative to the past (0.2% p.a. versus 2.7% p.a. over the past 20 years); global coal consumption peaks in the mid-2020s.
8Much of this slowdown is driven by China as its economy adjusts to a more sustainable pattern of growth and government policies prompt a shift away from coal towards cleaner, lower-carbon fuels. China’s coal consumption is projected to broadly plateau over the next 20 years, in sharp contrast to the rapid, industrialization-fuelled  growth of much of the past 20 years.
8Even so, China remains the world’s largest market for coal, accounting for nearly half of global coal consumption in 2035.
8India is the largest growth market, with its share of world coal demand doubling from around 10% in 2015 to 20% in 2035. Over two-thirds of India’s increased demand for coal is projected to feed into the power sector.
8Coal consumption in the OECD falls by over 40% as the share of coal within the power sector is crowded out by renewables and natural gas.
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BP assumes that the current spurt in refining building will come to an end sooner than later.
8Liquids supply increases by just 0.7 Mb/d per year over the Outlook, much slower than the 1.3 Mb/d per year growth seen over the past 20 years, reflecting the weaker outlook for demand.
8Strong gains in NGLs production (0.3 Mb/d p.a.) and continued growth in biofuels, mean global refinery runs increase by only 0.3 Mb/d per year.
8All of the growth in refined product demand stems from emerging economies, with the trend decline in OECD demand continuing. Historically, many countries and regions in the non-OECD, including China, India and the Middle East, have tended to build sufficient new refining capacity to meet (or exceed) their demand growth, rather than rely on imports. If that practice continues, this could lead to substantial refinery spare capacity and ultimately closures in mature markets such as Europe, OECD Asia and parts of North America.
8Indeed, announced start-ups and plans for new capacity between 2015 and 2020 already total around 8 Mb/d, which would be sufficient to meet the entire projected increase in refinery throughput over the next 20 years.
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Oil demand under BP's base case scenario continues to grow though at a slower pace.
8Transport accounts for almost two-thirds of the growth in overall demand (10 Mb/d), with that increase split roughly evenly between: cars (4 Mb/d); trucks (3 Mb/d); and ships, trains & planes (3 Mb/d).
8But the stimulus from transport demand gradually fades, as fuel efficiency improves significantly and there is increasing penetration of non-oil fuels. Electricity, biofuels, coal and natural gas together account for 13% of transport fuel demand in 2035, up from 7% in 2015.
8Decelerating transport demand for oil causes growth in total oil demand to slow gradually, falling from around 1 Mb/d p.a. in the near-term to 0.4 Mb/d p.a. by 2035.
8Non-combusted use, especially within the petrochemicals sector, takes over as the main source of growth for liquids fuel demand by the early 2030s. Over the Outlook as a whole, demand for non-combusted use increases by 6 Mb/d.
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The new BP 20-year outlook on global energy demand has painted a doomsday scenario where the base case sees carbon emissions growing by about 13% because of increase demand in fossil fuels by 2035.
8This is far in excess of, for example, the IEA’s 450 Scenario which suggests carbon emissions need to fall by around 30% by 2035 to have a good chance of achieving the goals set out in Paris.
8The outlook says that carbon emissions are projected to grow at less than a third of the rate seen in the past 20 years: 0.6% p.a. versus 2.1% p.a and would be the slowest rate of emissions growth for any 20 year period since our records began in 1965.
8But clearly this slowdown will just not be enough to keep the world temperature from growing by 2% by the turn of this century.
8This base case scenario envisages temperature growth to go up by much more than the benchmark limit.
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The proposal has been submitted in the environment ministry for which TOR has been granted.
8EC is expected by end of May, 2017.
8The RFQs, Tenders and Procurement for equipments will be done in the next few months in the following manner: 
--Core Hole Drilling Rig, March-2017 
--Drilling Bits and Coring Bits, Feb-2017
--Tubular pipes and ERW pipes, March-2017
--Drilling spools, DSA and Flanges, Feb-2017
8Tenders for Drill Pipes will be released by April-2017  
8The RFQs for Rig, Coring Liners, Core Barrels and electrical equipment will be released subsequently.
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The total length of the pipeline will be around 36.4 kms.
8The approximate cost will be around Rs. 64 crore.
8RFQs for site clearing services has been released few days back.
8RFQs for the following equipment will be released in following manner: 
--Trenching equipments will be released by March 2017.
--Welding torches and other related equipments will be released in April 2017.
--Leveling equipments will be released in April 2017.
--Metering equipments will be released in April 2017.
--Various valves, gaskets and clamping equipments will be released in March 2017.
8RFQs for the following equipment will be released shortly:
--Relief valves and safety equipment
--Pipeline testing equipment and services
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This will include jobs on all sizes of pipelines in the refinery.
8Currently there is a requirement for a pipeline laying contractor.
Following works would be undertaken:
--Fabrication,
--Erection,
--Welding,
--Testing,
--Shot blasting of piping along with associate works.
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EC has been granted for the petrochemical complex.
8Civil work is going on.
8Total cost of the project will be Rs. 4588.
8Equipment ( Mechanical) to be required next:
--Compressor
--Engine Motor
--Packaged Equipment
--Pumps
--Rotating equipment
--Vessels
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EC has been granted.
8Total cost of the project is Rs. 124.85 crore.
8Civil work is under progress,
8The next round of RFQs are expected to be floated by March, 2017 for:
 Click on Details for more. Details
Total cost of the project is Rs.690 crore.
8EC is expected by August 2017.
8Required land for the project is around 53 acre.
Equipment List: 
-- Seawater Intake Pumps
-- Valves
-- Heat Exchangers 
-- Pumps 
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For reference purposes the website carries here the following tenders:
8Annual Rate Contract for Calibration of Protection Relays installed at Drilling Rigs/Installations for three years Details
8Composite Mechanical Piping and associated Civil Works for Additional Crude Tanks Details
8Annual Maintenance Contract of Rotork Make Actuators for a period of two years Details
8Supply of Desulphurizer Catalyst at refinery Details
8Procurement of Heat exchanger tubes for refinery Details
8Rate Contract for supply of Corrosion Inhibitor for Refinery Units Details
8Three year Annual Rate Contract for Oil sample testing of transformers of Surface Installations Details
8Hiring of Services for 2D Seismic Data Processing & Interpretation of 2D Seismic Data Details
8Pre-Commissioning & Commissioning Assistance for DHT project Details
8Rate contract for Hydroblast cleaning job inside refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8ONGC to invest $5.1 bn for developing oil finds off Andhra Pradesh coast Details
8Oil PSUs to invest over Rs 1.43 lakh crore in Andhra Pradesh by 2022: Dharmendra Pradhan Details
8Energy companies lead US stock indexes mostly lower as crude price fell Details 
8L&T cuts 2016-17 sales and order win guidance on concerns over slow economic recovery Details
8Andhra attracts Rs 10.5 lakh crore investment commitments at Partnership Summit Details
8Energy pipelines back in investor favor after Donald Trump orders Details
8Union Budget 2017: Oil & Gas sector hoping for reduction in cess rate, 100% depreciation allowance Details
8Oil scracity and drivers storm IOC Details 
8Push growth without fiscal imbalance Details
8Crude oil producers pin tax-relief hopes on budget Details
8Australia-listed Liquefied Natural Gas Ltd signs 20 year pact to supply US LNG to India Details 
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The LNG industry today is at the cross roads
8Not only have many major liquefaction projects become operational in the past couple of years, but there is also a lengthy list of planned new projects, both in development and awaiting
project sanction
8The 140 mtpa of liquefaction capacity under construction, along with a number of potential but yet-to-be sanctioned projects, would satisfy global growth expectations through 2035. These potential supply sources come from all around the world
8Therefore there exists a significant risk that the LNG business could enter another boom and bust cycle, repeating the current over capacity situation ten years or so down the road. Investors and developers will need to pay close attention to all parameters of risk mitigation and cost control if they are to move forward in this environment.
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The overall outlook continues to be positive for the LNG business but the current business model structure is too limited to fully take advantage of the potential
8Today, the market is mainly large producers and larger buyers with few intermediaries or smaller players.
8In the future, portfolio suppliers and traders will become more important, buyers will have an increasing ability to re-sell, swap or trade cargoes, trading and market hubs may emerge and new business models will be developed to meet new and expanding market needs.
8The era of the dominant, large-scale, long-term bilateral supply contract may be coming to an end, and this will force the traditional big players in this space to reinvent their LNG strategies.
Technology will open the door
8Technology will open the door to new types of supply development – whether it is floating liquefaction allowing access to more remote sub-sea natural gas resources or small modular liquefaction units designed for smaller resource size, or floating regasification providing a lower cost route to supply new geographical markets.
8Technology on the demand side is opening up new end-uses for various modes of transportation, as well as new power generation applications.
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Despite the fact that the Middle East market enjoyed another week of healthy enquiry, it failed to set a positive tone in the crude carriers market, which moved downwards overall last week.
8Oil prices have at the same time witnessed a negative correction last week, as the effect of the output cut seems to be waning for now, with most investors currently focusing on the quickly increasing U.S. production.
8VLCC rates moved sideways last week on the back of steady business in the Middle East market while enquiries in West Africa firmed significantly
8But West Africa Suezmax on the other hand witnessed a significant activity slowdown last week, which heavily weighed down on rates that were already under pressure amidst increasing tonnage availability in the region.
8The negative sentiment quickly fed through to the Black Sea/Med market, which on the positive side is still getting some support from delays in the Straits.
8After a very strong start to the year, cross-Med Aframax rates corrected downwards last week, while Carribean market activity failed again to shake off the pressure mounting from excess tonnage supply in the region.
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The website carries here details of new emerging economic and technological segments which provide the largest opportunities for growth in the coming years.
8The opportunities have been culled out from interviews conducted with over 5000 experts across the world
8Water and agriculture have emerged as two segments which provide the largest opportunities for innovation
8Peer to peer trading, block chain based transactions and decentralized power delivery are among an exciting new set of opportunities.
8If your company is seeking to diversify away from traditional businesses, this is a report you must read.
Click on Reports to look at new trends Details
8Bids have been invited by the PNGRB for a petroleum product pipeline which will run from Bina to Panki
8Terms and conditions have been set for a tie-in connectivity from the North Tapti fields of ONGC's ex-Cairn facility at Suvali to the HVJ-DVPL network at NTPC Kawas through the Hazira-NTPC Kawas pipeline
8The meeting schedules for Q3 Quarterly Reviews and discussions on work programmes and budgets for NELP blocks
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TOR has been granted on 31 Mar 2016. 
8EC is expected by end of May, 2017.
8The Expression of Interest for the project will be released by nid-February, 2017.
8Public hearing has been done for the project, but land for the pipelines is still to be acquired.
8The RFQ will be floated once the evaluation of the EOIs is finalised. 
8Equipment RFQs will be floated by the end of April 2017 and tenders will be released by June 2017.
8Currently the operator is involved in the construction of access roads for the GCS sites and buildings at the same location.
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The project includes construction of more than one lakh KL of tankage along with associated facilities for receipt and dispatch of petroleum products.
8PFR has been already done.
8TOR is expected by May 2017.
8They will require 100 acres of land. 
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An MOU between the partners would be signed soon for a Rs 30,000 crore petrochemical complex.
8This is one case where the contractor has already been selected for the PFR
Click on Details more Details
8RFQs for a big natural gas pipeline are coming soon.
Equipments to be required are as follows.
-- 18" inch Pipeline.
-- 36" inch Pipeline.
-- 30" inch Pipeline.
-- 24" inch Pipeline.
-- 12" inch Pipeline.
-- 8" inch Pipeline.
-- 4" inch Pipeline.
-- Pipe Benders
-- Automatic Welders
Click on details for more. Details
The mounded storage will be in 3 bullets of 600 MT each with a total capacity of 1800 MT.
8Equipments to be required are as follows:
--  LPG Pumps
--  LPG Compressors 
--  Conveyors
--  Blowers
--  Air compressors and Air dryer units.
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The development of an Outer Harbour has been proposed by a Port Trust.
8The cost of the project is around Rs 5,000 Crore involving construction of breakwater and reclamation of land.
8EIA is expected to be submitted in May, 2017.
8The Port facilities involve:
-14 container berths
-2 LNG Berths
-1 POL Berth
8Non-Port Facilities include:
-Oil Trading Hub
-Offshore rig fabrication facility
-Export oriented refinery unit
8After that it is expected that the project will take around 6 months for state approval and another 6 months for central approval.
8So Environment Clearance is expected to be granted in Q-2, 2018.
8The contract for requirement of consultant for commercial viability is expected to be floated in June 2017.
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A Multi-User Liquid Terminal for handling petroleum products is in the offing.
8The cost of the project is around Rs 575 crore.
8The capacity is expected to be around 3 MMTPA.
8EIA is expected to be submitted in the month of June,2017.
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For reference purposes the website carries here the following tenders:
8Expression of Interest for oil recovery from oily sludge on turnkey basis Details
8Annual Rate Contract for Supply of Flowserve Sanmar Make Mechanical Seal Spares for Kochi Refinery Details
8Carrying out Thickness Survey of Crude Oil Storage Tanks at PHBPL, Paradip Details
8Procurement of Angle Globe Valve (Blowdown Valve) For VGO Unit, Gujarat Refinery Details
8Supply of Control Valves, Barauni Refinery Details
8Carrying out Acoustic Emission Testing (AET) of storage tanks, Mumbai Refinery Details
8IRC for Cathodic Protection maintenance jobs in pipelines under Kailaras region Details
8Handling and loading of Liquid Hydrocarbon, Vijaipur Details
8Restoration works of Mainline washout under WRPL, Chittorgarh Mainline jurisdiction Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Donald Trump revives controversial oil pipeline projects blocked on environmental grounds Details
8China's 2016 industrial profits rise most in 3 years on commodities recovery Details
8India plans expansive union budget 2017 despite growth, revenue worries Details 
8Texas oil producers see first growth in two years, says Texas Alliance of Energy Producers Details
8Croatia floating LNG terminal taking a year longer to finish Details
8Abu Dhabi to help India fill its strategic oil reserves Details
8Japan 2016 thermal coal imports fall from record, LNG purchases down for 2nd year Details
8PetroChina aims to meet a third of China's shale gas target by 2020 Details 
8BP forecasts slowdown in oil demand growth over next two decades Details
8India to become the fastest oil consumer by 2035 Details
8Odisha may cut Indian Oil's Paradip sop Details 
8Russia's Novatek says hopes to enter Asian gas market Details
8Poke Me: India shouldn't replace its dependence on imported oil with reliance on imported solar cells Details
8India’s energy consumption to grow faster than major economies Details
8UAE to invite Indian cos for upstream oil and gas investments in Abu Dhabi Details 
8Indraprastha Gas aims to replace diesel generators by gas generator Details
8Drivers refuse to deliver fuel to Manipur oil pumps Details
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The challenges notwithstanding, the world is entering a new era of unprecedented data availability, where digital trends are disrupting traditional business models in the E&P sector.
8These trends have enabled the emergence of Big Data and Advanced analytics
8For the time being the E&P industry lags other leading industries when it comes to broad based adoption.
8However, four key applications are emerging for Big Data in Oil and Gas companies: Digital fields, Predictive plant and drilling analysis, Remote operations and Reservoir modelling and seismic imaging.
8Companies can get ahead in the game by taking the right approach - adopting key success factors, and avoiding typical pitfalls.
8If done right, significant value can be captured from Big Data and Advanced analytics.
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What are the problems with adopting Big data to E&P?
8Upstream focused applications are at a functional level. So, substantial time is spent in data collection and running reports for a given asset level i.e. for a single well or aggregate wells
 in a given location
8A major number of applications are still non PPDM (Professional Petroleum Data Management Association) based, which makes the reports and KPIs non-accurate atmost times
8It is difficult to drive insights from unstructured data lying in multiple applications
8It is not easy to run predictive analytics as data is spread out in multiple systems with lesser integrity and reference to master-level data.
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In an interesting development, Vessel Gasification Solutions (VGS), has announced a non-binding HOA which provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum (mtpa) from the Magnolia US terminal.
8The VGS Group is developing a floating LNG import and regasification terminal situated offshore at Kakinada Deepwater Port in Andhra Pradesh, India.
8The Kakinada based Krishna Godavari LNG Import Terminal will be East Coast India’s first LNG import project to become operational, and it will allow for the full utilization of close to 7,000 MW of near-idled power plants
8The Group plans to lay the groundwork for an industrial renaissance in the industrial belt that girds the coastal region of Andhra Pradesh and Orissa.
8VGS has targeted being the ‘First Mover on a Fast Track’ in India’s heavily industrialized, yet gas starved, Andhra Pradesh-Orissa coastal region.
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Pre-budget expectations are different from a pre-budget memorandum
 8The latter is a wish list while expectations are a realistic assessment of what the government is willing or likely to do
 8Even in expectations, the bandwidth is broad
 8Will the service tax on LNG transportation and the import duty on it be waived and will there be further price deregulation?
 8Find out what the expectations are on the oil and gas front
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For reference purposes, the website carries here the latest sale and purchase data of oil tankers and LNG carriers
8The data is updated up to January 23, 2017
8Activities are expected to enter a quieter period on account of the Chinese New Year and the forthcoming Union Budget on February 1 in India
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An interesting paper suggests that the two deep-sea explorations (in 2006 and 2015) have found significant gas hydrate deposits located 50-150 m below the seabed, 5–12 km off the coast of Andhra Pradesh.
8Conservative estimates of this deposit claim that it will easily meet India's natural gas demand for the next millennia, at present consumption levels.
8Indian research institutes are now set up groups to look at a safe way of extracting this hydrocarbon resource
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