The question thus posed is ‘to what extent can demand for gas in the form of LNG absorb this ramp-up in supply’? 8In the 2016/2017 winter period we have seen an unexpected ‘tight’ market which increased LNG supply has been unable to ameliorate. 8Specifically, China has seen colder than normal winter temperatures and has increased its imports of LNG accordingly. South Korea has increased LNG imports to compensate for nuclear reactors taken temporarily offline. In Europe colder weather and high coal prices have boosted gas demand in the space heating and power sectors, exacerbated by the shutdown of significant French nuclear capacity. 8As we move into 2017, the burning question is whether (in particular) China’s recent increased LNG demand this winter is primarily a weather-related phenomenon or the start of a trend towards higher 8LNG demand based on displacing coal in power, industrial and space heating sectors. The absence of transparent prompt Chinese gas demand data prolongs the uncertainty on this issue. 8Asian demand for LNG imports has been characteristically seasonal, exacerbated by the lack of underground storage capacity and the tendency to purchase winter LNG cargoes ‘in addition’ to LNG storage inventory at regas terminals. 8Two scenarios are built up, one of "low" Asian demand and another of "high" demand. The two sets of projections are given here Click on Reports for moreDetails
Is this "under performance" between supply and demand to continue into the future? 8To understand the phenomena correctly, the website carries here details of the gap between LNG supply, projected and actual in 2015 and 2016 at the global and country level. 8The key underperformers relative to prediction are Australia (due to lower output than expected from recently completed projects, notably the delay in commissioning Gorgon trains 1 and 2), Angola (the facility being offline for this period), Egypt (the prediction was changed to zero from September 2015, though the country did export some cargoes towards the end of 2016), Yemen (shut down throughout the period) and Algeria to varying degrees during the period. Frequent over-performers were PNG and Russia. 8The website also carries here fresh country-level LNG production projections until 202. The assumed start-up timings for new LNG projects up to 2021 are also documented 8The outlook for global LNG supply shown depicts a sustained ramp-up in supply to above 500 bcma in 2020 from 350 bcma in 2016. 8The difference between predicted and overviewed performance reduces as the Australian projects are assumed to overcome commissioning problems by 2019. 8For 2018 and beyond, global LNG supply appears set for sustained and significant increases over recent levels. Click on Reports for moreDetails
There seems to have been a consistent underperformance between projected and actual supply of LNG in the global market. 8Various factors are responsible for the under performance 8While global LNG supply changed little between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma), with South American demand down 5 bcma. 8Europe's demand increased by 4.3% in 2016 as a result of cold weather and switching to gas from coal but the additional demand was met by increased pipeline imports. 8In other words, while global LNG supply was little changed between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma) with South American demand down 5 bcma. Click on Reports for moreDetails
On September 25, 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development, which seeks to establish global consensus for the next 15 years. The 17 Sustainable Development Goals (SDGs) aim to address some of the world’s pressing economic, social and environmental challenges. UN member states are expected to use the SDGs to frame their development agendas, and there is a recognition that the private sector will play an important role in achieving them. 8The oil and gas industry’s operations potentially have positive and negative impacts on a range of areas covered by the SDGs, including on communities, ecosystems and economies. The industry contributes to sustainable development in a number of ways, including: generating direct and indirect jobs; supplying access to energy that enables economic activity and social development; contributing substantial tax and other types of revenue to governments; enabling development of advanced technologies and products; investing in the long-term social and economic success of the communities in which they operate, and managing the impacts of its operations by emphasizing environmental protection, health and safety, and human rights. 8However, the SDGs highlight sustainability challenges, where more can be done to mitigate the adverse impacts of oil and gas development. Among the challenges, the most acute are the industry’s environmental footprint on biodiversity, and climate change and its associated impacts on communities. 8The website carries here an Atlas on how the oil and gas industry can fit in with the Sustainable Agenda set by the UN Click on Reports for moreDetails
The increasing demand of energy has turned the shale gas and shale oil into one of the most promising sources of energy in the United States. 8In this article, a model is proposed to address the long-term planning problem of the shale gas supply chain under uncertain conditions. 8A two-stage stochastic programming model is proposed to describe and optimize the shale gas supply chain network. 8Inherent uncertainty in final products’ prices, such as natural gas and natural gas liquids (NGL), is treated through the utilization of a scenario-based method. 8A binomial option pricing model is utilized to approximate the stochastic process through the generation of scenario trees. 8The aim of the proposed model is to generate an appropriate and realistic supply chain network configuration as well as scheduling of different operations throughout the planning horizon of a shale gas development project. 8The paper makes for interesting reading for an industry watcher Click on Reports for moreDetails
The government has started bringing out an Economic Intelligence Bulletin 8It is however a tame effort at providing intelligence as the data is culled out of newspaper reports 8But sources in the bulletin told this website that efforts are on to develop an inhouse team which will be able to come out with its own assumptions and projections 8For a government outfit, this is going to be an ambitious effort Click on Reports for more Details
The E&P major is desirous of Installing a gas based Captive Power Plant consisting of 800KW X2 units. 8The project is to be executed on turnkey basis. 8The Expression of Interest for the Supply, Installation and commissioning of gas based Captive Power plant is already out. 8The substation and civil structure for accommodating the plant and auxiliary equipments will also be made down the line. 8Various associated auxiliaries, control, protection and distribution system will be used in the project. 8The approximate cost of the project is around Rs.76 crore. 8The Notification of Award (NOA) will be released by 4th week of March 2017. 8The RFQs for the various associated items will be released by mid of April, 2017. Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Supply of Hydrochloric Acid at refinery Details 8Supply of Compressor Spares at refinery Details 8Supply of Elbows and Pipe Fittings under Third Party Inspection for Refinery Vessels Details 8Supply of Portable Multi gas Detector at refinery Details 8Procurement of Pipe Fittings as per technical specification at refinery Details 8Supply of License, Basic Engineering Design Package and other related Services and Supplies for Hydrogen Generation Unit including Reformer and PSA Details 8Procurement of Manganese Acetate Tetrahydrate at Refinery and Petrochemical Complex Details 8Providing Training on Design of Pressure Vessel and Heat Exchanger at Refinery and Petrochemical Complex Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Saudi Aramco says contains "limited" oil pipeline leak, one person died Details 8BJP, Congress slugfest over agricultural power tariff rollback in Rajasthan Details 8Okhla waste-to-energy plant to start by February 28, National Green Tribunal told Details 8Iran expects crude oil output to reach 4 mbpd by April, aims for 4.7 mbpd Details 8Exclusive: OPEC could extend or deepen supply cut if oil glut persists - sources Details 8Jharkhand attracts investment proposals worth Rs 3.03 lakh crore Details 8Croatia gets EU money for constructing floating LNG terminal Details 8Chennai oil spill: 20 days later, oil slick continues to tar Ennore port Details 8Full start of India Reliance petchem plant will halt heavy naphtha exports: SourcesDetails 8India's largest waste-to-energy plant to be launched at Narela-Bawana in MarchDetails 8Shell out more for CNG gas from April 1 Details 8Natural Gas price likely to be hiked: Report Details 8Debt pain of indian energy giants eases as fuel reforms pay offDetails 8Merger of oil PSUs gathers paceDetails 8Vedanta to invest $10 bn on expanding businessDetails You can also click on Newsclips for moreDetails
Total length of the pipeline is 185 Km. 8The project is to be mechanically completed within 15 months from the date of Funding Opportunity Authorization. 8Contractor has already been selected and equipment RFQs are being sent out Click on details for moreDetails
TOR has been already granted. 8Total cost of this project will be Rs. 23.25 crore. 8Proposed Storage tank capacity will be 36700 meter cube. Click on Details for moreDetails
Modification work by March, 2017. Following equipments and services will be required. 8Dismantling of pipeline 8Removal of NRV and MOV Hacksaw or Gas cutter. 8Fabrication and Erection of Pipeline support using structural steel. 8Flange welding of pipeline. 8Supply, fabrication and erection of Expansion line. 8Supply and Erection of Elbow on Expansion line. 8Supply and Erection of joint on expansion line Click on Details for moreDetails
Work to start in April, 2017. 8Maintenance work includes: -- Maintenance of all earth pits. -- Maintenance of all Light fixtures -- Maintenance of all motors. -- Maintenance of air conditioners. -- Maintenance of all flame proof items. -- Testing of all electrical relays. Click on Details for more Details
The development of a greenfield non-major port is planned. 8As of now, the Techno-Economic Feasibility Report has been prepared. 8The operator is waiting for the instructions of the State Government for the selection of developer for the port . 8The master plan and Detailed Project Report for the project will be prepared by the selected developer and will be required to be approved by the State Government. 8While the requisite land for the project will be acquired by the Authority, the cost of the land has to be borne upfront by the selected developer. 8The total capital cost (excluding land acquisition) of the project is estimated to be approximately Rs 500 crore. 8The tentative cost of land acquisition for the project is approximately INR 56 crore. Click on details for more.Details
The operator is expected to award contracts for a gas evacuation pipeline in March-April, 2017. 8It is an 18” dia pipeline. 8The capacity of the pipeline is 3.8 MMSCMD 8The Length of the pipeline is around 180 km.. Click on details for more.Details
8The award of contract for consultancy services for feasibility study of a potential investment opportunities is expected to be granted by Q-2, 2017. Click on details for more.Details
The operator has proposed to build a Captive Oil Jetty for handling of POL and LPG products. 8The capacity of the jetty is around 3 MMTPA. 8The RFQ for engineering consultancy services is expected to be floated in March, 2017 8The Project is expected to be commissioned by Q-2, 020. Click on details for more.Details
An operator plans to convert 13 development wells into production wells. 8The total cost is around Rs.160 crore. 8The rigs are already available in the area in several locations owned by the operator. 8Officials have lined up the RFQs and they will be released by the April 2017. The list equipment need for the RFQs are given in Details below Then again, the operator will lay piplines connecting 13 wells 8The total proposed length of the pipeline is around 26.4 kms. 8The total planned investment for the pipeline is around Rs.18 crore. 8The RFQs for the pipeline and related equipment will be released by March 2017. Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Validation of flare flow meter of refinery Details 8Supply of Carbon composite make drive shaft and flexible coupling assembly in refinery Details 8Inspection and Balancing of Gas Turbine Rotor assembly Details 8Supply of Control Valves Spares at refinery Details 8Hiring the Services for Rotary Core and Non Core Drilling of PQ and HQ sized bore holes in Karjan Padra area Details 8Hiring the Services for Rotary Core Drilling of PQ and HQ sizes holes in Sagar area of Vindhyan Basin Details 8Hiring the Logging Services of PQ and HQ sizes holes in Son Valley, Sagar Valley & Karjan Padra areas Details 8Procurement of Coal Bed Methane (CBM) in Cascade Type Containers Details 8Supply of Corrosion Inhibitor for MMBPL locations Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Coal India’s e-auction prices for the solid fuel rises after 12 months Details 8Companies cut production of diesel-powered engines as petrol gains advantage Details 8Oil slips further below $56 per barrel on report of US inventory jump Details 8Indraprastha Gas Ltd burns bright with high demand, volume growth Details 8Russia will honour agreement to cut oil output -energy minister Novak Details 8Oil prices steady despite record U.S. inventories Details 8State oil firms corner 1/3rd of small fields in first auctionDetails 8Ministry to revamp oil and gas regulatory board to minimise conflict Details 8ONGC plans Rs 29,000 crore capex for next fiscalDetails 8This new breed of energy firms will fuel next wave of growth in oil and gas sector Details 8Domestic natural gas price set to rise by 8 percent from April this yearDetails You can also click on Newsclips for moreDetails
8Sales: In the VLCC sector we had the sale of the “ORTHIS” (319,300dwt-blt 11, S.Korea), which was sold to Greek owner, TMS Tankers, for a price in the region of $57.0m. In the MR sector we had the sale of the “HIGH PRESENCE” (48,700dwt-blt 05, Japan), which was sold to Chinese owner, Shandong, for a price in the region of $15.0m. 8Newbuilding industry: Is quiet in terms of contracting activity but fairly busy at the same time with developments concerning troubled shipbuilders in the East, where layoffs and restructuring remain very much on the agenda of a number of yards this year as well. Click on Reports for moreDetails
8Healthy activity in crude carrier market in the Middle East last week together with trading in the East resuming fully following the end of the Chinese holidays, have supported sentiment in the crude carriers market that has been under pressure for almost a month. 8The market expectations in that oil prices may tighten following reports that last month OPEC demonstrated record compliance of 90% with the output cut deal 8Rates for VLs in the Middle East ended the week higher on the back of healthy enquiry for prompt as well as for more forward days as well, while the West Africa also displayed improved sentiment throughout the week. Click on Reports for moreDetails
The website carries here two reports 8One speaks of new LNG markets opening up, particularly in Asia and Africa. Bangladesh and Pakistan are two potentially important markets. Click on Reports for more. 8The other deals with US gas export data, including LNG exports from Sabine Pass. South Asia and West Africa have been identified as having among the highest growth potential for gas consumption over the next 15 to 20 years. Click on Reports for moreDetails
31 contracts have been awarded under the Discovered Small Fields Bid Round 2016 8The details of the contractors winning the bids are carried here 8Under the DSF Bid Round 2016, a total of134 e-bids were received for 34 Contract areas. 8Subsequently, through a detailed evaluation of the bids, 22 companies (singly or in consortium) were shortlisted for 31 Contract Areas. Of these 22 companies, 15 companies are new entrants to the E&P sector. 8It is estimated that with the current bid round, the anticipated cumulative peak production would be around 15000 BOPD of oil and 2 MMSCMD of gas from all the awarded fields, considering that in place volume reserves of 62 MMT of oil and oil equivalent gas over economic life is expected to be monetized, a government release said. 8Further, it has been estimated that the indicative gross revenue over economic life would be approximately Rs. 46,400 crores, of which royalty collection and Government’s revenue share is expected to be around Rs. 5000 crores and Rs. 9,300 crores, respectively. 8The PIB release also made a tall claim: That "investments into the awarded blocks are expected to generate an employment of over 37,500 (people)". Click on Reports for full detailsDetails
Works related to land inspection and route survey of an upcoming LPG pipeline will be started within six months. 8RFQs will be floated by June, 2017 8Total cost of the pipeline is Rs.1000 crore. Click on Details for moreDetails
An exisitng refinery is planning maintenance work in its DCU unit for replacement of valves and some other small equipments in the unit. 8Items would be covered under maintenance works. -- Compressors -- Valves -- Reactor -- Rotors Click on Details for moreDetails
The PFR has already been done 8Expansion of capacity will be in two overground existing bio-diesel and ethanol storage tanks 8It is a small sized project Click on Details for moreDetails
Maintenance work will be started by June, 2017. It includes fabrication of upper conical portion of the secondary cyclone upto dip leg joint. Contractor will work with: 8Welding consumables 8Weld joint design 8Radiography 8DP testing scope 8Hex mesh installation 8Picking and Passivation requirement Click on Details for more
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An approval is expected from Niti Aayog on Phase-1 development of a large port project is expected in March, 2017 8The expected Phase-1 cost is Rs 6500 crore 8DPR is to be ready by December, 2017 Click on Details for moreDetails
An RFQ for a technical technical advisor for a oil jetties and associated facilities project in a port is expected by Q-2, 2017 8The project cost is around Rs 1500 crore 8Commissioning is expected within 12 months of environmental cleareance 8Clearance is likely by Q-3, 2017 Click on Details for moreDetails
A dredging project has been proposed by a Port Trust. 8The due date for submission of bids for the Dredging Project has further been extended from February,2017 to March,2017. 8The dredging activities are expected to start from June-July, 2017. 8The commissioning of dredging project is expected by Q-2, 2020. Click on details for more.Details
The E&P major has planned for the construction for the Gas Collection Station 8The total approved cost for the project is around Rs.42 crore. 8The operator was facing problems in land acquisition but now it has been sorted out. 8Currently access roads are being built to the GCS site. 8The RFQs for the requirements of Gas Collection Station will be released by March 2017. 8RFQs for civil works for drill sites, buildings and other associated works are in the process of being floated Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Carrying out Tank Modification and repair works Details 8Supply of Seamless Steel line pipes in refinery Details 8Preparation of Detailed Feasibility Report for utilisation of Regasified Liquefied Natural Gas in refinery Details 8Supply of Methyl Di-Ethanol Amine Details 8Supply of Portable Gas Detector in refinery Details 8Supply of Ammonica Anhydrous Gas in refinery Details 8Annual Rate Contract for Gas Detectors in refinery Details 8Annual Rate Contract for Process Analysers Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8GAIL awards contract for 105-km of Kochi-Mangaluru gas pipeline Details 8Coal India gains on the buzz of foraying into Oil & Gas production Details 8GSPL Pipeline project for supplying Natural Gas to automobile manufacturers at Becharaji Gujarat completed by Ace Pipeline Details 8LNG importer buys stake in shipping consortium Details 8Iran becomes 3rd largest oil supplier for India Details 8GNFC restarts operation at gas leak-hit plant Details 8Cabinet may award 31 oil blocks to 22 companiesDetails 8India's oil imports from Iran surge marginally in Jan Details 8Argentina's Enarsa seeks nine LNG cargoes via tender -sourcesDetails 8Oil companies merger to create giant PSU could lead to mega-employee union threat Details 8Donald Trump may be good for India, says Mukesh Ambani Details 8Oil exploration gets a boostDetails 8Cabinet approves awarding 44 oilfields to 22 companies Details 8Genesis to design RIL’s deep water field in KG BasinDetails 8PSUs bag a third of small oil & gas field contractsDetails 8Shell, Pavilion Gas to start shipping LNG to Singapore in 2017 Details 8Clean energy cess collections rise to Rs 54,336 crore, but spending lowDetails 8India's Jan Iran oil imports up 1.5 per cent month/month: Shipping dataDetails You can also click on Newsclips for moreDetails
Constructionwork is going on and there is a requirement for equipment and services for agreenfieldproject of ammonia- urea fertilizer complex coming up in India witha capacityof 2200 TPD and urea 3850 MTPD of ammonia and urea respectively and a 28 MW Captive power plant 8Project commisisoning schedule is very tight with the date fixed currently for December, 2018 but it will be a challenge to stick to this timeline. 8The projected investment cost is Rs 6000 crore. Following are the requirement of equipments and services plant wise. 8Captive power plant 8Urea bagging plant 8Vacuum system. Click on Details for Key contacts and company details:Details
There are a spate of petitions seeking restraint on the determination of tariff for the High Pressure Gujarat Gas Grid belonging to Gujarat State Petronet Ltd (GSPL) 8Customers are anxious about a large increase in tariffs that GSPL may get away with. 8Some of petitions have even questioned the PNGRB's authority to fix tariffs 8Others have said that all relevant documentation for taking a decision to raise tariff rates has not been uploaded by the PNGRB for consultation 8There is also a plea to avoid a "tariff shock" to customers. 8The argument is for imposing a tariff hike on a prospective rather than on retrospective basis 8Some others have advanced technical arguments against a steep tariff hike while some have argued against any hike at all 8There is also a clarification from GSPL on the validity of its documentation seeking a tariff hike Click on Reports for moreDetails
An existing port authority is expanding its capacity at a cost of Rs 2500 crore by setting up a second berth. 8Additional land is to be developed to establish new storage tanks Among the activities planned are: 8Construction and maintenance dredging at the jetty and navigational channel. 8Raising the the ground level (GL) of the development plot using the dredge material and/or dispose the dredge material at approved dredge disposal site. 8Increasing the storage capacities of the terminal to 17.5 lakh KL by establishing additional tanks along with associated facilities/utilities; 8Shore Protection Measures for prevention of erosion and; 8Protection from scouring of jetty. Click on Reports for moreDetails
Contrary to conventional thinking, there is very little production subsidy given to fossil fuels production in India, according to this authoritative global paper. 8Subsidies given by Australia, UK and Germany in fact are far greater 8Natural gas production subsidies are far higher in Russia, Argentina, Russia, the UK and US that in India 8Similarly, subsidies on oil production by the US, Russia, Brazil, Canada and even China far exceeds that of India 8This data makes interesting reading for both the oil and gas industry and policy makers. 8The notion that the industry is sop ridden can be dispelled using this data 8Perversely perhaps, the industry can make a reasonable plea for grant of subsidies for sustainable production in light of huge subsidies granted by competing producers of fossil fuels abroad Click on Reports for moreDetails
Even though the Trump Administration is planning to pull in the opposing direction, there is a growing volume of data that more steps are needed to keep the globe from warming beyond the two degree mark. 8Around three quarters of existing fossil fuel reserves will have to stay undergound to be able to keep global warming at two degrees, the argument goes. 8A paper is now claiming that ending ending subsidies to fossil fuel production is the missing piece of a comprehensive climate action plan. 8To stay on track with the global warming target, the world needs both supply-side policies (such as removal of fossil fuel production subsidies, moratoriums and “no-go zones” or coal phase-out) and demand-side initiatives (such as carbon pricing, removal of fossil fuel consumption subsidies, or fuel and energy efficiency standards), it is argued. 8A recent estimate of direct spending and tax breaks to fossil fuel production in the G20 countries alone placed the figure at USD 70 billion per year on average in 2013 and 2014 8The paper identifies a spate of oil and gas fields which are unviable without government support 8The argument is that production subsidies skew energy markets—they act as a negative carbon tax, artificially lowering the cost of producing more oil, coal and gas, that can be passed through in the form of lower market prices, encouraging more fossil fuel consumption and emissions. 8These market distortions can in turn make investment in energy efficiency and clean alternatives seem less competitive. 8The subsidy removal is modelled as instantaneous around the globe, and the modelling period is 2017–2050 and the resulting impacts in terms of both emissions and reserves that would become uneconomical to produce are documented. Click on Reports for moreDetails
As a part of a new bio-ethanol project (Phase-I) in an existing refinery, the operator will be installing a new catalyst plant 8DFR is under progress and EC is expect by end of May 2017 8The bio-ethanol project will be taken up under Phase-I of the overall expansion project. 8RFQs for the civil work equipments will be floated by April,2017. Click on Details for moreDetails
;One of the OMCs is planning to expand its POL depot capacity from the exisitng 12818 KL to 20241 KL. 8Currently, land acquisition work is going on. 8TOR has already been granted. Click on Details for moreDetails
An Outer Harbour Project is coming up 8The total cost is Rs 9000 crore 8The appointment of financial consultant-cum-arranger for the preparation of medium-to-long term credit plan and assist the port trust for raising resources by obtaining external commercial borrowings (ECB) in US dollars (USD) denomination is expected by the end of Q-2,2017. Click on Details for moreDetails
The owner has further extended the last date for submission of bids to supply, lay and construct Phase I of a Gas Pipeline Project along with associated facilities. 8The LOA will be granted in April-May,2017. 8The tenders are expected to be floated in April-May,2017 for the following services and equipments: --Pumps --Firefighting facilities --Electrical system --Pipes --Welding materials --Mix Concrete --Cranes --Truck Trailers --Dozers --Excavators --DG sets --IP Stations --Compressor --Valve --Tanks --Line pipes 8The construction phase is expected in Q-3,2017. 8The capacity of the natural gas pipeline is estimated to be around 90 mmscmd. 8The commissioning of the pipeline is expected in Q-3,2018.Details
For reference purposes the website carries here the following tenders: 8Procurement Of PPE’s required at OGT & PLQP for KG-OSN-2001/3 Block Details 8EOI for installing gas based Captive Power Plant Details 8Hiring of Core Handling, Preservation, Desorption other Lab studies and Interpretation for two Wells for Shale Gas Exploration Details 8Supply of Ultrasonic flow meters at refinery Details 8Supply of SS Pipes under Third Party Inspection Details 8Consultancy Services for DFR Preparation and EPCM Services for setting up of Catalyst Plant at refinery Details 8Procurement of Mass Flow Meters Details 8Supply of Flow Meter for Refueller Details 8Laying of Cross country branch product pipeline and other associated combined station works Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8IOC plans to use half the capacity of country’s proposed longest LPG pipeline Details 8Wholesale inflation spikes to 5.25% in January, fuel prices rise Details 8Petronet buys 26 per cent stake in LNG vessel for Rs 100 crore Details 8Kandla-Gorakhpur Proposal: IOC may use 50% of longest LPG pipeline Details 8BP says U.S. shale oil output to keep check on spike in prices Details 8Chennai Oil Spill: Environment Ministry to issue show cause notice to Kamarajar Port Details 8GAIL awards contract for 105-km LNG projectDetails 8Union Budget 2017 – merger of oil cos: Does India really need a giant oil PSU? Details 8President Donald Trump signs measure voiding oil anticorruption rule Details 8Nigeria: Up to $100 billion revenue lost from oil militant attacks last yearDetails 8BP CEO Dudley says U.S. shale oil output to keep check on spike in pricesDetails 8Vedanta third quarter net profit zooms over 4-fold to Rs 1,866 croreDetails You can also click on Newsclips for moreDetails
Three new moulded storage vessles of 300 MT capacity will be installed under the proposed expansion project. 8EC is expected by June,2017. Click on details for more
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842-year old Vishal Vinod Sharma, member on the Board of Sardar Patel Institute of Public Administration, has been appointed as an independent director of BPCL. He is also a partner in Canvas Creations Click on Reports for more 8Radhika Vijay Haribhakti has been appointed as Additional Director (Independent) in MGL for a period of three years with effect from March 05, 2017. Susmita Sengupta has been reappointed as the as the Technical Director for a period of one year. Click on Reports for moreDetails
But for Engineers India Ltd, most other engineering and EPC companies have been hit badly by the downturn in the oil & gas and other related sectors 8Punj Lloyd in particular has been hit hard. 8But is the ailing company about the turn the corner? 8Losses are still high, though they are coming down slowly. The EBITDA has tuned positive 8Atul Punj, Chairman, Punj Lloyd, said, "We saw a decent progress on ongoing projects and an improved utilisation of resources during the quarter. With the government initiatives towards the infrastructure sector, I am optimistic of the opportunities and overall improvement at the macro level." Click on Reports for more Details
A comprehensive post budget analysis has criticized the inability of the finance ministry to take positive decisions on the following oil & gas proposals: 8Exemption of service tax on oil & gas exploration 8Rationalization of cess on crude oil 8Removal of service tax on cash calls 8Inclusion of petroleum products under GST The implications of the lack of decision on these issues are analyzed in details Click on Reports for moreDetails
For reference purposes the website carries here the following tenders: 8AMC for hiring of specialized agency for minor Overhauling of Turbines Details 8Supply of Carrier Gases on ARC Basis for two years at Gas Processing Unit Details 8Procurement of Infrared Gas Detector for Compressor Station Details 8Cathodic Protection Mitigation works of Tripura Regional Pipeline System Details 8Supply of Anhydrous Ammonia Details 8Overhauling of Recycle Gas Compressor and its drive turbine at refinery Details 8Troubleshooting supervision maintenance and overhauling service for centrifugal compressor turbine and governor at refinery Details 8Supply of Corrosion Inhibitor for Stripper Section of Diesel Hydro-Treating Unit at refinery Details 8Supply of Liquid Nitrogen at refinery Details 8Procurement of Portable Octane Analyser Details 8Hiring Bundle Service for drilling, taking conventional cores and wireline logging for two wells for Exploration & Exploitation of Shale Gas/Oil prospectivity Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Fresh US drilling capping oil price: OPEC Details 8India’s oil demand plunges most in 13 years amid Modi’s demonetisation drive DetailsReports 8Viability Gap Funding to support infrastructure projects worth Rs 2,750 cr in 2017-18 Details 8GDP growth to slow to 5.7 per cent in January-March 2017: Nomura Details 8Look where cash ban hit the most, oil demand falls most in 13 years Details 8Sandeep Jajodia appointed Assocham President Details 8Oil down 2 percent as dollar firms, OPEC compliance rate shrugged off Details 8Coal India plans to produce oil & gasDetails You can also click on Newsclips for moreDetails
Equipment to be required: -- Heat exchangers -- Heaters -- Strippers for naphtha -- Strippers for kerosene -- Strippers for gas oil -- Heavy gas oil stripping Click on Details for more.
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The E&P major is panning the construction of a Gas Compression Station and Gas Gathering Station along with a network ofunderground seamless pipeline with Cathodic protection. 8The total investment of the project is around Rs.100 crore. Equipment for which RFQs are to be floated by March, 2017 are as follows: -- Manifold and Vessels -- Heat exchangers and Pumps (ETP, OWS, Fire pump etc.) -- Tanks will float -- Electrical and Instrumentation -- Mechanical and civil equipments There will also be several miscellaneous items, for which the RFQs are expected to float by Mar, 2017 too. These items are under Details belowDetails