An existing refinery is planning to expand the storage capacity of an existing LPG bottling plant to meet the increasing demand. The expansion project involves addition of three mounded bullets. 8Cost of the project will be Rs.122 Crore 8Equipment required: -- Above ground Bullets -- Mounded Bullets -- DG Set-1 -- DG Set-2 -- DG Set-3 -- Fire water pumps -- Jockey pumps -- Fire water tank -- Fire water Reserver Click on details for more Details
An operator is planning to drill 2 exploratory wells in a Gujarat field. 8Detailed in-house interpretation of 3D seismic data, inputs from nearby wells and other G&G data using latest interpretation software as a part of an ongoing exploration programme to accrete more hydrocarbon reserves is on process. 8The pre-drilling activities (e.g. land acquisition, civil works and approach road preparation etc.) have already been started. These activities are expected to be finalised in the next 2 months. 8New business opportunity is expected to come for the “Procurement of Drilling Equipments” in May 2017”. 8The cost for the exploratory drilling of two well is around Rs.125 crore 8Further exploration and the developments will be proposed depending upon the feasibility of the two exploratory wells. 8Operation may take around 4-5 months for drilling of one well. 8The RFQs for High Pressure Inlet Gas Manifold connecting wells to the Gas gathering station will floated by May,2017. 8The RFQs for Piping and manifolds will floated by May 2017. 8Subsequently the RFQs for Rigs, Drills, Casing pipes, Drill Pipes will float down the line 8In addition to this, ONGC is also planning to introduce the new technology in waste management by the recovery of oil from oily sludge by thermo-catalytic conversion or equivalent process and safe Disposal of residual waste. Click on details for more.Details
PFR has been already done. 8Two mounded storage vessels of 500 MT each would be installed in the plant. 8Total cost of the project will be Rs. 143.33 crore. Click on Details for moreDetails
A 4-well drilling private sector programme is expected to start in Q-2, 2017 8The total minimum work programme is for 15 wells of which some wells have already been drilled Click on Details for moreDetails
A Port Trust has proposed development of a liquid berth for handling POL. 8The Cost of the project is around 100 Crores. 8The Construction phase is expected to start soon after the Trust is done with the evaluation of the bids received, and that is expected in Q-2,2017. Click on details for more.Details
For reference purposes the website carries here the following tenders: 8Carrying out Periodic Testing of LPG underground Storage Tanks Details 8Supply of Ph analyzers at refinery Details 8Spares of Control Valve spares at refinery Details 8Procurement of Catalyst for ISOM Lead Reactor of MSQU as per technical specification for refinery Details 8Annual Maintenance Contract for Gas Chromaotgraphs Details 8Carrying out IPS Anomaly Rectification Jobs In SPM Lines (Onshore Section) Details 8Carrying out Mechanical Piping and Associated Civil Work for Ethanol Facility Details 8Procurement of Integrally Geared Centrifugal Compressor Package (Process Gas) Details 8Hiring of Project Monitoring Consulting Agency for Project Control Services for Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project Details 8Service Contract for CP Interference Survey Of Dabhol Bangalore Gas Pipeline Network including Spur Lines Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Canada energy regulator says responding to oil spill at Tundra Energy terminal Details 8World energy giant Exxon Mobil reports sharp drop in Q4 profit Details 8Cheaper renewables to halt coal and oil demand growth from 2020 -research Details 8After oil and gas, Denmark's Dong ditches coal Details 8Russian oil output down 100,000 bpd in January after global deal Details 8Volatility in oil prices can be handled well by integrated oil company: DK Sarraf, Chairman, ONGC Details 8Budget 2017 gives big boost to renewable energy with duty reductions, new capacityDetails 8Foreign oil companies exempt from paying tax on sale of storage leftover Details 8Work on to clear oil spill along shoreline: OfficialDetails 8After 16 attempts, a cheaper method for carbon capture at work in IndiaDetails 8Budget and oil & gas sector: Integrated PSU oil behemoth a big positive Details 8Budget 2017: M&A is buzzword of oil industry now, says Dharmendra PradhanDetails 8Long-awaited TAPI pipeline to finally see light of day in Pak this monthDetails 8Petroleum Ministry advices Indian Oils R&D Centre to take active part in oil spill management in ChennaiDetails 8Union Budget 2017: Oil PSUs’ merger may cut prices of petroleum products by 5% Details You can also click on Newsclips for moreDetails
The total budgetary support for the oil & gas industry in the 2017 budget is Rs 29,157 crore. 8This is more or less at the same level as was noticed in the 2016 budget. 8The biggest chunk of the allocation will go to the Direct Benefit Transfer scheme for LPG, at Rs 13000 crore 8This is followed by allocation of Rs 8661 crore for other under recoveries, particularly for kerosene 8Allocation has been made for strategic reserves, and two new facilities will be built 8There are also various other assorted allocations. Click on Reports for a detailed analysisDetails
The re-liquefaction plant and the condensate handling unit in an existing gas compression station are going for a planned maintenance in the next 3 days. 8Maintenance in the Re-liquefaction plant also includes the re-liquefaction compressor maintenance which will be done separately. 8During the period of maintenance, the stand by plant will be in use. Click on Details for moreDetails
The paper predicts a massive round of round of global M&As by the Chinese super giants in the face of falling domestic output. 8While the Chinese will be more risk-conscious they are also expected to be more aggressive as they benefit from substantial state support. 8China’s NOCs are setting their sights on assets that they hope will be cheaply valued in Iran, Brazil, and Africa. CNPC chairman Wang Yilin announced in March 2016 that his company is considering expanding its presence in Russia and Iran, while CNOOC is reportedly looking to purchase Petrobras’ petrochemical company Braskem. 8This is a must-read document for policy planners in India. Click on Reports for moreDetails
For those who want to follow up on the finance minister's idea of an Indian oil & gas super major, the website carries here a fascinating paper on the evolution of the oil super giants in China. 8These giants own large chunks of the Chinese economy, from oil fields to towns and cities to hotels and agricultural operations. 8They enjoyed immense clout in the Chinese power structure but the relationship between the energy giants and the government has been a story of successive waves of centralisation and decentralization. 8Fundamentally, the Chinese oil and gas industry remains a strategic asset for the government but yet has enjoyed far more autonomy than their Indian counterparts. 8They were given room to grow, so much so that they are today the largest oil companies in the world. 8Indian oil companies are much smaller in size in comparison to these Chinese majors. Click on Reports for more Details
The finance minister has unveiled a grand plan for an integrated public sector ‘oil major’ which will be able to "match the performance of international and domestic private sector oil and gas companies". 8"We see opportunities to strengthen our CPSEs through consolidation, mergers and acquisitions. By these methods, the CPSEs can be integrated across the value chain of an industry. It will give them capacity to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders," he said in his budget speech. 8The minister however refused to elaborate on the concept. When asked to elaborate on the statement at a press conference, he said, "I am not going to say anything more, you can speculate on what I said." 8Clearly the idea seems to be to build one super major, in the lines of the Chinese majors like Sinopec or CNPC or PetroChina. These three companies are the largest oil companies in the world, after Saudi Aramco, with revenues of a massive $455 billion, $428 billion and $367 billion respectively in 2015. In comparison, the largest independent oil major in the world, Exxon Mobil, has a turnover of just $ 268 billion. 8In contrast, the largest Indian public sector oil company, Indian Oil Corporation and BPCL had revenues of $ 81 billion and $ 41 billion. 8Cumulatively therefore, the Indian public sector oil majors will not equal the turnover of any of the Chinese super majors. 8Nevertheless, enthusiasts claim that such a merger will allow for collective decision making and economies of scale while those who are wary of the suggestion are of the view that sum of the parts may not be equal to the whole on account of clash of cultures among these oil companies. 8It is unlikely that the finance minister is merely speculating on such a merger, or else he would not have devoted a paragraph of his speech to the merger. It will all depend on the political will of the Modi government to see such a merger come through. If the process is started now, it will take a long time to visualize a possible structure and then go about implementing it. Click on Details for moreDetails
As is always usually the case, the finance minister did not pay much heed to the demands of the oil and gas industry this time around as well. 8Some concessions have been made in the overall context, with implications for the industry but overall the specific recommendations in the pre-budget memorandums have been given the go-by 8One specific step was to reduce the BCD on LNG from 5% to 2.5% 8If crude oil prices rise, duties may be recalibrated to cushion the Indian consumer but that will depend on how steeply prices rise. Given that the rise in oil price brings about a rise in shale oil and gas production in the US, it is unlikely that prices will rise by much in 2017. 8To facilitate build up of reserves by foreign companies, tax will not be levied when oil is taken out of strategic reserves after conditions are met. Click on our Reports section for a copy of the Union Budget and the pre-budget memorandum for a comparison of what was sought and eventually what was agreed uponDetails
A big de-bottlenecking and expansion is taking place in an existing petrochemical complex 8Among the equipment required are: -- Reactors -- Pumps. -- Control valves -- Heat exchangers -- Pressure safety valve (PSVs) -- Effluent treatment plant (ETP) -- Flares and knockout drums -- Storage tanks Click on Details for more information.Details
A shutdown of a refinery has been delayed by four months because of the delay in low cost refinery expansion project. 8It will be a 40 days shutdown. Click on Details for more.Details
Terminal maintenance work in a refinery installation is coming up. 8The work involves installation of an automation system in the terminal and a consequent maintenance contract. Click on Details for moreDetails
EC has been already granted. 8The capital cost for the up-gradation of LPG bottling plant will be Rs.12 crore. 8Total Cost for the installation of LPG Mounded bullets will be Rs. 122 crore. Click on Details for more.Details
TOR has been granted on 31 Mar 2016. 8EC is expected by end of May, 2017. 8Public hearing has been done for the project, but land for the pipelines is still to be acquired. 8RFQs will float for the equipments of GGS 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 8Tenders for the civil works like piling, cementing etc will come in 2nd half of Feb 2017. In addition to the above, RFQs are expected to floated by April, 2017 for: 8Pipelines 8Manifold 8Header 8Piping system 8Test separator 8Production separator 8Test tank 8Production tank 8Oil Transfer pump 8Flare stack system Click on Details for more.Details
The operator is also planning to install a new effluent treatment plant in the site. 8The region an most active exploration sites. 8And Since few more new wells have been planned in the region, officials have planned to install a new effluent treatment plant. 8The new effluent treatment plant is still on paper. The financial expenditure for the same has not been approved yet. 8As of now, few possible locations has been selected in the region but a detailed study still requires some time. 8The leads have indicated that the project for the new effluent treatment plant will be done on “Turnkey basis”. So the EOI can be expected after capital approval. Click on Details for more.Details
For reference purposes the website carries here the following tenders: 8Hiring of contract services for implementation of Gail Sahyogi Scheme for HVJ-DVPL and JIPPL Pipeline Network Details 8Procurement of Clamp on Flow meters for implementation of apps functionality of Leak Detection System Details 8Providing miscellaneous support such as repair of Minor leak point/Pilferage point, location of Pipeline in RoW and other Pipeline Maintenance Jobs Details 8Hiring of services for Non Destructive Inspection of Equipments/ Process Assets for a period of two years Details 8Supply of on-line viscosity meters at Refinery Details 8Supply of Acetylene Gas at Refinery Details 8Procurement of spares of sulphur analyser at Refinery Details 8Carrying out LRUT (Long Range Ultrasonic Testing) Inspection of piping at Refinery Details 8Supply of spares for Siemens ECS System Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Subsidy bill up 5% in April-November 2016: Survey Details 8Budget 2017: FM says rising crude oil prices will impact fiscal health Details 8Here are the highlights of Union Budget 2017 Details 8Oil markets range-bound as supplies remain plentiful amid OPEC-led cuts Details 8Saudi Arabia may raise U.S. crude oil investments -energy minister Details 8India's 2016 Iran oil imports hit record high Details 8Experts hail government's move to integrate Oil PSUsDetails 8Saudi to invite bids for new renewable energy projects in April - energy minister Details 8Budget 2017 brings lower indirect levies for clean energy equipmentDetails 8Budget 2017: Have FM Jaitley's announcements cut an ice with India IncDetails 8Indian Oil Corporation hikes jet fuel prices by Rs 1,539 kl Details 8Union Budget 2017: Government to build 2 crude oil storages in Odisha, RajasthanDetails 8India extends tax relief on local oil sales by foreign firmDetails 8Government proposes to merge state oil companies to create a $100-billion behemothDetails 8Jaitley halves import duty on LNG to 2.5 pcDetails 8Union Budget 2017: Likely corporate winners and losers in Arun Jaitley’s budgetDetails 8Union Budget 2017: Arun Jaitley set to create oil giant, merge PSU oil companiesDetails You can also click on Newsclips for moreDetails
The website carries here a copy of the Economic Survey, 2017 8This is a must-read for any analyst in the oil & gas sector as the document lucidly explains the underlining factors that govern the Indian economy. 8More than any other analysis, the survey explains the impact of demonetization on the Indian economy in lucid details 8The slow down in growth and in private sector investment has been captured as also the sharp decline in credit growth 8The gap was meant to be plugged by public sector investment but even that seems to have slowed down 8The survey admits that the sweet spot that India enjoyed in the last two years seems to be on the wane and some opportunities may have been missed 8Given a government of India document, the survey continues to remain more positive than the general sentiment on the prospect of the Indian economy in the coming year and the next Click on Reports for moreDetails
For reference purposes the website carries here the following tenders: 8Supply Of PHPA (Partially Hydrolysed Polyacryl Amide) Details 8Supply of Heat Exchanger- Nonferrous Material for VGO-HDT Unit Details 8Supply of Mobile Oil Spill Recovery Unit Details 8Re-tubing of Heat Exchangers Air Fin Coolers as per the inspection recommendations Details 8Carrying out Inspection of bare pipelines Details 8Supply of Ultrasonic Level Transmitters Details 8Procurement of spares of mechanical seal of Flowserve installed in mainline pump Details 8Supply of DBBV’S and ROSOV’S as per technical specification Marketing Terminal Project Details 8Hiring of Consultancy services for Carrying out EIA Studies and obtaining EC from MoEFCC and NOC & CCA from GPCB on call-out basis Details 8Hiring of Specilized Agency for Minor/ Major Overhauling of Drive Steam Turbine of different Compressor Installed in Up-stream units Details 8Carrying out Annual Risk Assessment of Pipelines & Installations and other pipeline related jobs Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Economic Survey 2016-17: India’s industrial growth rate to slip to 5.2 per cent current fiscal Details 8Kuwait oil minister: current prices appropriate for producers and consumers Details 8Stakeholders pedal to promote message on oil conservation through Saksham 2017 Details 8Tax-free days ending for Saudis after crude oil slump, Cabinet approves VAT Details 8Pipeline leak halts production from Libya's Messla oil field - official Details 8Nigeria crude oil exports to climb in March after loading delays pushed cargoes Details 8IEA does not foresee crude oil demand peaking soon, says Director BirolDetails 8Economic Survey: India’s high petroleum taxation helped gain edge on climate front Details 8Over 56 hours on, ill-equipped workers struggle to contain oil spill off Ennore portDetails 8ONGC may report over twofold YoY jump in Q3 net profitDetails 8Oil slips as more U.S. drilling revives glut concerns Details 8OIL net rises 19% on crude recoveryDetails 8Indian Oil Corp’s Q3 net profit up 29% at 3,995 croreDetails 8Asia's Dec. imports of Iranian oil more than double on yearDetails 8Rising oil could force rollback of excise hikes Details You can also click on Newsclips for moreDetails
A jetty based Floating Storage Regasification Unit project has been proposed. 8The project will be taken up in two phases. 8Phase-I will consist of a jetty based FSRU of approximately. 4.0 mmtpa capacity. 8The FSRU is likely to operate purely on merchant model basis. 8In Phase-II, a land based regasification terminal with an ultimate capacity of 8.0 mmtpa has been planned. 8The finalization of a charter party contract for the FSRU is expected to take place early, by Q-1,2017. 8The company will initiate jetty construction work shortly to ensure timely completion of the project. 8The phase-I of the project is expected to be operational from Q2-2018. 8The total project(both the phases) is expected to commissioned by early,2020. Click on details for more.Details
The appointment of a Project Management Consultant for a floating LNG terminal has been delayed 8The bidding date has been extended to February 8The evaluation will take around two months 8The award contract is likely around April-May, 2017 Click on Details for full informationDetails
Proposed incremental capacity will be 1500 MT. 8EC has been granted 8RFQs are expected by March, 2017 8The requirement is for 3x500 MT of additional LPG strorage vessels Click on Details below for moreDetails
EC has been already granted for the expansion of an LPG plant 8Cost of the project will be Rs. 32.66 Crore. 8Equipment required: -- Above ground Bullets -- Mounded Bullets -- DG Set-1 -- DG Set-2 -- DG Set-3 -- Fire water pumps -- Jockey pumps -- Fire water tank -- Fire water Reserver Click on details for moreDetails
An existing refinery is planning for a maintenance shutdown of teh DHDT units soon. 8List of equipment that will possibly be needed includes: -- Additional feed pump and feed affluent exchangers -- New internals of stripper & stabilizer columns -- Offsite transfer pumps -- Change in pipes -- Change of valvesDetails