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Feb 2017
Find updates on the following projects:
8Onshore Oil & Gas development drilling and production in Tinsukia and Dibrugarh districts by Oil India
8Resid Upgradation Project by adding Delay Coker Unit, OHCU Revamp Unit, Sulfur Recovery Unit, Sour Water Stripper, Amine Regeneration Unit and LPG-CFC Treating Unit at Manali Refinery
8Proposed Bunkering Facilities at Jawahar Dweep (Butcher Island) at Mumbai Maharashtra
8Development of 8 wells by setting up of 7 proposed surface facilities at Kheda, Gujarat
8Underground Coal Gasification (UCG) at Vastan Mine Block, Nani Naroli, Surat in Gujarat by M/s Gujarat Industries Power Company Limited
8Exploratory Drilling (24 Wells) Additional in Onshore PEL Block L–II of Cauvery Basin
8Exploration, Testing of wells and commercial exploration of Mannarguddi CBM Block, MG-CBM-2008/IV by GEECL
8Exploratory drilling of 35 wells in LI PML, Kuthalam PML, Kali & Greator Kali PML, Bhuvnagiri PML and Neyveli PML in Cauvery Basin
8Drilling of 10 exploratory wells in Nohta-Damoh-Jabera PML Block, Vindhyan Basin, Damoh District, Madhya Pradesh
8Additional onshore exploratory drilling of 20 wells in PEL block L-II District Tiruvarur, Nagapatnam, Pudukkotai,Tanjavur in Tamilnadu
8Exploratory Drilling of Additional two wells in PEL Block L-II located in District Tanjavur, Tamilnadu
8One well B-CY-EOT-1 in onshore PEL Block II in Cauvery Basin
8Drilling of Exploratory Wells (09 Nos.) in Kutch Offshore, GK-OSN-2010/1 & GK-OSN-2010/2 in West Coast
8Extension Drilling & Testing of Hydrocarbons at 7 (seven) locations under Dibru-Saikhowa National Park Area, North-West of Baghjan PML, District Tinsukia,
Click on Reports for more Details
8Onshore Oil & Gas development drilling and production in Tinsukia and Dibrugarh districts by Oil India
8Resid Upgradation Project by adding Delay Coker Unit, OHCU Revamp Unit, Sulfur Recovery Unit, Sour Water Stripper, Amine Regeneration Unit and LPG-CFC Treating Unit at Manali Refinery
8Proposed Bunkering Facilities at Jawahar Dweep (Butcher Island) at Mumbai Maharashtra
8Development of 8 wells by setting up of 7 proposed surface facilities at Kheda, Gujarat
8Underground Coal Gasification (UCG) at Vastan Mine Block, Nani Naroli, Surat in Gujarat by M/s Gujarat Industries Power Company Limited
8Exploratory Drilling (24 Wells) Additional in Onshore PEL Block L–II of Cauvery Basin
8Exploration, Testing of wells and commercial exploration of Mannarguddi CBM Block, MG-CBM-2008/IV by GEECL
8Exploratory drilling of 35 wells in LI PML, Kuthalam PML, Kali & Greator Kali PML, Bhuvnagiri PML and Neyveli PML in Cauvery Basin
8Drilling of 10 exploratory wells in Nohta-Damoh-Jabera PML Block, Vindhyan Basin, Damoh District, Madhya Pradesh
8Additional onshore exploratory drilling of 20 wells in PEL block L-II District Tiruvarur, Nagapatnam, Pudukkotai,Tanjavur in Tamilnadu
8Exploratory Drilling of Additional two wells in PEL Block L-II located in District Tanjavur, Tamilnadu
8One well B-CY-EOT-1 in onshore PEL Block II in Cauvery Basin
8Drilling of Exploratory Wells (09 Nos.) in Kutch Offshore, GK-OSN-2010/1 & GK-OSN-2010/2 in West Coast
8Extension Drilling & Testing of Hydrocarbons at 7 (seven) locations under Dibru-Saikhowa National Park Area, North-West of Baghjan PML, District Tinsukia,
Click on Reports for more Details
India’s demand for fuel dropped by -4.5% in January this year.
8The demand for all oil products dropped to 15.52 million metric tons (MMT) from 16.24 MMT a year ago.
8Except for LPG, ATF and "Other products", which recorded a positive growth of 16.4%, 17.8% and 10.3% respectively during the current month, all other products recorded negative growth.
8On cumulative basis for the April-January period, while growth of 7.0% was registered for the period April 2016 to January 2017 for all products, a negative growth of -19.1% was registered for SKO and -1.9% was registered for Lubes/Greases.
8Drop in SKO consumption is mainly because of drop in subsidized kerosene sales due to reduced allocation to states and voluntary surrender of PDS SKO quota by some states as penetration of LPG and electricity improves in rural India.
Click on Reports for more Details
8The demand for all oil products dropped to 15.52 million metric tons (MMT) from 16.24 MMT a year ago.
8Except for LPG, ATF and "Other products", which recorded a positive growth of 16.4%, 17.8% and 10.3% respectively during the current month, all other products recorded negative growth.
8On cumulative basis for the April-January period, while growth of 7.0% was registered for the period April 2016 to January 2017 for all products, a negative growth of -19.1% was registered for SKO and -1.9% was registered for Lubes/Greases.
8Drop in SKO consumption is mainly because of drop in subsidized kerosene sales due to reduced allocation to states and voluntary surrender of PDS SKO quota by some states as penetration of LPG and electricity improves in rural India.
Click on Reports for more Details
Potential bidders have expressed their skepticism on whether the PNGRB proposed Mundra - Mithi Rohar pipeline will suffer from gross under utilization of its stated transportation capacity of 1.5 MMTPA
8The PNGRB has admitted that it has picked on an arbitrary capacity booking figure in the absence of adequate inputs during its public hearing
8The regulator has also made it clear that it cannot help in the plea by some of the potential bidders for details on either capacity expansion by Adani at Mundra or access to that capacity. Nor will it help in the capacity booking in the Jamnagar-Loni pipeline (JLPL) or linking up the line to the Kandla Gorakpur pipeline
8If the Adani terminal is the only way to input the product into the pipeline, the bidders feel that the pipeline capacity is overstated by the PNGRB
Click on Reports for more Details
8The PNGRB has admitted that it has picked on an arbitrary capacity booking figure in the absence of adequate inputs during its public hearing
8The regulator has also made it clear that it cannot help in the plea by some of the potential bidders for details on either capacity expansion by Adani at Mundra or access to that capacity. Nor will it help in the capacity booking in the Jamnagar-Loni pipeline (JLPL) or linking up the line to the Kandla Gorakpur pipeline
8If the Adani terminal is the only way to input the product into the pipeline, the bidders feel that the pipeline capacity is overstated by the PNGRB
Click on Reports for more Details
Is a Russia-India pipeline viable?
8At the estimated cost of $25 billion, the shortest route is through the Himalayas and into northern India.
8This is “a route which poses several technical challenges,” according to souces who also consider a less technically challenged but longer alternative route via Central Asia, Iran and Pakistan into western India viable.
8The project will make sense only in the absence of much cheaper alternatives, which could be realised in a much shorter period of time.
8The recent Chinese offer to to build the Pakistani side of the pipeline from Gwadar to the Iranian border to the mostly completed Iranian section may allow the line to be extended to India, thus making Russian gas through the $25 billion pipeline much more expensive to bring to India.
Click on Details for more Details
8At the estimated cost of $25 billion, the shortest route is through the Himalayas and into northern India.
8This is “a route which poses several technical challenges,” according to souces who also consider a less technically challenged but longer alternative route via Central Asia, Iran and Pakistan into western India viable.
8The project will make sense only in the absence of much cheaper alternatives, which could be realised in a much shorter period of time.
8The recent Chinese offer to to build the Pakistani side of the pipeline from Gwadar to the Iranian border to the mostly completed Iranian section may allow the line to be extended to India, thus making Russian gas through the $25 billion pipeline much more expensive to bring to India.
Click on Details for more Details
8LPG bottling plant expansion: RFQs floated by June,2017
-- Costing of the project is Rs 25 crore
8Expansion and Debottlenecking in petrochemical plant: EC expected by December, 2017:
-- Total cost is Rs 13,000 crore
-- Expansion project includes: A captive power plant of coal based captive cogeneration power plant (CCPP) of 3X90 MW (270 MW )
-- Installation of new ethane storage tank
Click on Details for more Details
-- Costing of the project is Rs 25 crore
8Expansion and Debottlenecking in petrochemical plant: EC expected by December, 2017:
-- Total cost is Rs 13,000 crore
-- Expansion project includes: A captive power plant of coal based captive cogeneration power plant (CCPP) of 3X90 MW (270 MW )
-- Installation of new ethane storage tank
Click on Details for more Details
Demand for 3 new Mounded Storage vessels coming up: EC expected by September, 2017.
-- Proposed capacity of this project will be 3* 500 MT. and the total cost of this project will be Rs. 22.0 crore.
8New Terminal Automation System is coming up in a big refinery
-- They will need DCS based Terminal automation system. Construction work will be started by July, 2017. Completion Period for this installation work is expected one year.
Click on Details for more Details
-- Proposed capacity of this project will be 3* 500 MT. and the total cost of this project will be Rs. 22.0 crore.
8New Terminal Automation System is coming up in a big refinery
-- They will need DCS based Terminal automation system. Construction work will be started by July, 2017. Completion Period for this installation work is expected one year.
Click on Details for more Details
8A Rs 280 crore project to construct three new early production systems & effluent treatment plants at Vedatal in Cambey Basin Asset is coming up
-- EC is expected in May and RFQs are likely in March, 2017
8A wellhead installation and three water injection facilities project is coming up, involving an outlay of Rs 160 crore
-- RFQs to be released in April
Click on Details for key contacts for the two projects Details
-- EC is expected in May and RFQs are likely in March, 2017
8A wellhead installation and three water injection facilities project is coming up, involving an outlay of Rs 160 crore
-- RFQs to be released in April
Click on Details for key contacts for the two projects Details
For reference purposes the website carries here the following tenders:
8Contract for non comprehensive AMC with resident engineer for various Gas Chromatograph Systems Details
8Hiring of Pipeline Information Management System for various on going pipeline projects Details
8Procurement of Transportable/ Portable Automatic Hydrocarbon & Water Dew point meter Details
8Supply of Artificial Lift Equipment and accessories for Onshore Blocks Details
8Annual Rate Contract for Calibration and repair of Portable Multi Gas Detectors Details
8Providing civil works at 'MDDD' drill site in Sirkazhi area Details
8Supply of Skid Mounted Duplex High Pressure Filter Assembly for Gas Turbine Details
8Non-comprehensive Annual Maintenance Contract of Process Analysers of refinery Details
8Refurbishment Work of GSPL Mainline by Visco-Elastic Coating Details
8Erection and commissioning of LPG Compressor for Evacuation system Details
8Procurement of Neutral Grounding Resistor Details
8EOI for Integrated Exploration, Appraisal and Development Services in KG-OSN-2009/3 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8How Saudi Aramco Initial Public Offer could impact global markets Details
8Bring natural gas under GST fold: BC Tripathi, CMD GAIL Details
8Reliance Industries surges 5 per cent; m-cap tops Rs 4 lakh crore mark Details
8India’s natural gas production growth at 30 months-high Details
8India’s crude oil import bill expected to rise by 12.5 per cent to $72 billion current fiscal Details
8Demonetisation to dampen short-term economic growth: CLP India Details
8Government to formulate policies on ethanol, methanol: Nitin Gadkari Details
8ONGC may acquire HPCL in USD 6.6 bn deal Details
8Tamil Nadu hydrocarbon project sees protests from farmers, environmentalists Details
8Odisha govt to issue notice to Indian Oil Corporation Limited for payment of dues Details
8Plea to bring gas under GST Details
8Government plays down latest ONGC-HPCL merger buzz Details
8Iraq plans offshore oil and gas exploration to boost reserves Details
8Russia says may speed up crude oil output cuts: Energy Minister Details
You can also click on Newsclips for more Details
8Contract for non comprehensive AMC with resident engineer for various Gas Chromatograph Systems Details
8Hiring of Pipeline Information Management System for various on going pipeline projects Details
8Procurement of Transportable/ Portable Automatic Hydrocarbon & Water Dew point meter Details
8Supply of Artificial Lift Equipment and accessories for Onshore Blocks Details
8Annual Rate Contract for Calibration and repair of Portable Multi Gas Detectors Details
8Providing civil works at 'MDDD' drill site in Sirkazhi area Details
8Supply of Skid Mounted Duplex High Pressure Filter Assembly for Gas Turbine Details
8Non-comprehensive Annual Maintenance Contract of Process Analysers of refinery Details
8Refurbishment Work of GSPL Mainline by Visco-Elastic Coating Details
8Erection and commissioning of LPG Compressor for Evacuation system Details
8Procurement of Neutral Grounding Resistor Details
8EOI for Integrated Exploration, Appraisal and Development Services in KG-OSN-2009/3 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8How Saudi Aramco Initial Public Offer could impact global markets Details
8Bring natural gas under GST fold: BC Tripathi, CMD GAIL Details
8Reliance Industries surges 5 per cent; m-cap tops Rs 4 lakh crore mark Details
8India’s natural gas production growth at 30 months-high Details
8India’s crude oil import bill expected to rise by 12.5 per cent to $72 billion current fiscal Details
8Demonetisation to dampen short-term economic growth: CLP India Details
8Government to formulate policies on ethanol, methanol: Nitin Gadkari Details
8ONGC may acquire HPCL in USD 6.6 bn deal Details
8Tamil Nadu hydrocarbon project sees protests from farmers, environmentalists Details
8Odisha govt to issue notice to Indian Oil Corporation Limited for payment of dues Details
8Plea to bring gas under GST Details
8Government plays down latest ONGC-HPCL merger buzz Details
8Iraq plans offshore oil and gas exploration to boost reserves Details
8Russia says may speed up crude oil output cuts: Energy Minister Details
You can also click on Newsclips for more Details
Mahanagar Gas Ltd has recorded higher earnings from gas sales to industrial consumers after substitute liquid fuel prices have gone up subsequent to the increase in crude prices
8Industrial sale margins have improved particularly in October, November, December.
8Restaurant category sales have gone up sharply too
8The use of gas in two wheelers, which is cost economical to petrol, is likely to boost gas volumes in the future.
8Find out more, including the cost economics of a switch from petrol to gas for two wheelers
8The company's capex is around Rs 200 crore in the current year and is pegged at Rs. 225 crore in 2018, indicating significant business development opportunities for equipment and service suppliers
Click on Reports for more Details
8Industrial sale margins have improved particularly in October, November, December.
8Restaurant category sales have gone up sharply too
8The use of gas in two wheelers, which is cost economical to petrol, is likely to boost gas volumes in the future.
8Find out more, including the cost economics of a switch from petrol to gas for two wheelers
8The company's capex is around Rs 200 crore in the current year and is pegged at Rs. 225 crore in 2018, indicating significant business development opportunities for equipment and service suppliers
Click on Reports for more Details
Clearly, the need for Asia to develop its indigenous gas or LNG trading hubs is felt by everyone.
8Since the intra-regional pipeline connection is largely non-existent, it is the LNG spot cargo trading that is likely to become the basis for a regional gas futures market.
8Although the pathway to such gas trading hubs might be more difficult for Asia due to factors such as a lack of indigenous production and inter-connectivity, vertically integrated industry structure, the traditional preference of supply security, and unclear political signals, a growing market creates an opportunity to start new terms with new contracts.
8To create functional hubs and transition to hub indexation, governments will need to dramatically liberalize the gas and electricity markets and eventually transit from oil indexation to hub indexation.
Click on Reports for more on this Details
8Since the intra-regional pipeline connection is largely non-existent, it is the LNG spot cargo trading that is likely to become the basis for a regional gas futures market.
8Although the pathway to such gas trading hubs might be more difficult for Asia due to factors such as a lack of indigenous production and inter-connectivity, vertically integrated industry structure, the traditional preference of supply security, and unclear political signals, a growing market creates an opportunity to start new terms with new contracts.
8To create functional hubs and transition to hub indexation, governments will need to dramatically liberalize the gas and electricity markets and eventually transit from oil indexation to hub indexation.
Click on Reports for more on this Details
The Trump administration is likely to dramatically alter the dynamics of oil and gas production in the US
8Onshore oil drilling restrictions are likely to be lifted
8A boom in offshore drilling is also expected as regulations are expected to be eased
8Key long distance pipelines have already been approved, saving time and cost
8There is also data to show that there is a big recovery in US oil production and asset values in February
8Acquisitions and divestures are off to a fast start in 2017
Click on Reports for more, for what happens in the US market will eventually impact India as well Details
8Onshore oil drilling restrictions are likely to be lifted
8A boom in offshore drilling is also expected as regulations are expected to be eased
8Key long distance pipelines have already been approved, saving time and cost
8There is also data to show that there is a big recovery in US oil production and asset values in February
8Acquisitions and divestures are off to a fast start in 2017
Click on Reports for more, for what happens in the US market will eventually impact India as well Details
8Eight well drilling programme: More RFQs are coming up
8Development drilling of 108 wells: NOAs are likely by May, 2017
8Well Head Installations and Water Injection Facility Greenfield Project: RFQs in April, 2017
8EPS and ETP green field projects: RFQs anytime soon
Click on Details for for key contact and project information on each of the above items Details
8Development drilling of 108 wells: NOAs are likely by May, 2017
8Well Head Installations and Water Injection Facility Greenfield Project: RFQs in April, 2017
8EPS and ETP green field projects: RFQs anytime soon
Click on Details for for key contact and project information on each of the above items Details
A JV is looking at appointing a PMC for its Floating Storage & Regasification Unit based LNG Terminal at the East Coast
8The hope is that the consultant will be hired by March, 2017
8RFQs for long lead items are expected to be released by June, 2017
8Commissioning date is pegged to October, 2018
Click on Details for key contact Details
8The hope is that the consultant will be hired by March, 2017
8RFQs for long lead items are expected to be released by June, 2017
8Commissioning date is pegged to October, 2018
Click on Details for key contact Details
Existing Capacity of this LPG Bottling Plant is 4200 MT.
8Now, the idea is to install 6 new LPG Storage vessels of 1000 MT each.
8Cost of the project will be approx. Rs. 96 crore.
Click on Details for more Details
8Now, the idea is to install 6 new LPG Storage vessels of 1000 MT each.
8Cost of the project will be approx. Rs. 96 crore.
Click on Details for more Details
Indian Oil Corporation is doing the expansion.
8Costing of the project is Rs. 25 crore
8Existing plan is sufficient for the expansion. No extra land is needed
8The expansion will be of the order of 1800 MT
Click on Details for more Details
8Costing of the project is Rs. 25 crore
8Existing plan is sufficient for the expansion. No extra land is needed
8The expansion will be of the order of 1800 MT
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Carrying out Onshore Oil & Gas Development Drilling and Production of Hydrocarbons and Laying of Pipelines Details
8Refractory Re-lining Work and dry out of Vibro-cast Refractory Lining of Riser section of FCCU at refinery Details
8Turnkey Operation, Maintenance of Pilot plant facility to be set up for recovery of oil from oily sludge by thermo-catalytic conversion or equivalent process and safe disposal of residual waste Details
8Supply of Ultrasonic Flow Meter at refinery Details
8Procurement of High Density Ammonium Nitrate Details
8Carrying out five year testing of LPG Pipelines at LPG Bottling Plant Details
8Replacement of main flare tip with its associate piping and structure during shutdown at refinery Details
8Supply and Commissioning of Bio-Methanation Plant for Conversion of Organic Waste to Bio-gas at refinery Details
8Carrying out inspection and safety recommendations jobs in refinery Details
8PE pipe laying including last mile connectivity at consumer end for City Gas Distribution Project at Varanasi Details
8PE pipe laying including last mile connectivity at consumer end for City Gas Distribution Project at Bhubaneswar Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8DMK urges Centre to give up proposed hydrocarbon exploration project in TN Details
8NKDA may get Canadian assistance for renewable energy and solid waste management Details
8State-run oil firms pulled up by National Green Tribunal on diesel truck data Details
8SDMC to set up waste-to-energy plant at Rs 351 crore Details
8Five things we learnt this week: Back to $30 oil? Details
8Asian Oilfield gains 27.12% in February series; outperforms BSE Oil & Gas index Details
8Unit of India's L&T wins $165 million contract from refiner Indian Oil Corp Details
8India, UAE to push for investment bond through infrastructure sector Details
8Oil giant Sinopec taps China's vast geothermal reserves for clean energy Details
8Protests against hydrocarbon project in Kerala gathers momentum Details
8Iran plans to buy Kazakh uranium ore, seek Russia help to make nuclear fuel Details
8Saudi King Salman goes on Asia tour to sell a stake in world's biggest IPO Details
8L&T expects pick up in oil sector orders in 2 years Details
8Odisha government withdraws tax sops to IOC's Rs 34,555-crore Paradip refinery Details
You can also click on Newsclips for more Details
8Carrying out Onshore Oil & Gas Development Drilling and Production of Hydrocarbons and Laying of Pipelines Details
8Refractory Re-lining Work and dry out of Vibro-cast Refractory Lining of Riser section of FCCU at refinery Details
8Turnkey Operation, Maintenance of Pilot plant facility to be set up for recovery of oil from oily sludge by thermo-catalytic conversion or equivalent process and safe disposal of residual waste Details
8Supply of Ultrasonic Flow Meter at refinery Details
8Procurement of High Density Ammonium Nitrate Details
8Carrying out five year testing of LPG Pipelines at LPG Bottling Plant Details
8Replacement of main flare tip with its associate piping and structure during shutdown at refinery Details
8Supply and Commissioning of Bio-Methanation Plant for Conversion of Organic Waste to Bio-gas at refinery Details
8Carrying out inspection and safety recommendations jobs in refinery Details
8PE pipe laying including last mile connectivity at consumer end for City Gas Distribution Project at Varanasi Details
8PE pipe laying including last mile connectivity at consumer end for City Gas Distribution Project at Bhubaneswar Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8DMK urges Centre to give up proposed hydrocarbon exploration project in TN Details
8NKDA may get Canadian assistance for renewable energy and solid waste management Details
8State-run oil firms pulled up by National Green Tribunal on diesel truck data Details
8SDMC to set up waste-to-energy plant at Rs 351 crore Details
8Five things we learnt this week: Back to $30 oil? Details
8Asian Oilfield gains 27.12% in February series; outperforms BSE Oil & Gas index Details
8Unit of India's L&T wins $165 million contract from refiner Indian Oil Corp Details
8India, UAE to push for investment bond through infrastructure sector Details
8Oil giant Sinopec taps China's vast geothermal reserves for clean energy Details
8Protests against hydrocarbon project in Kerala gathers momentum Details
8Iran plans to buy Kazakh uranium ore, seek Russia help to make nuclear fuel Details
8Saudi King Salman goes on Asia tour to sell a stake in world's biggest IPO Details
8L&T expects pick up in oil sector orders in 2 years Details
8Odisha government withdraws tax sops to IOC's Rs 34,555-crore Paradip refinery Details
You can also click on Newsclips for more Details
The consultant for the promoters of a new urea-ammonia plant is preparing the ITB, the Bid Evaluation Criteria and the Detailed Feasibility Report (DFR) and the tender for an LSTK contractor which is expected to be out by end February or March, 2017.
8It will take a minimum 6 months to finalize the LSTK contractor.
8Projected investment cost is around Rs 6000 crore.
8The requirement of power is about 25 MW, which will be sourced from proposed 15 MW GTG and 10 MW STG.
8An emergency DG Set and an HRSG with a capacity 2000 KVA and 130 MTPH are proposed.
Following are the requirement of raw materials
8Natural Gas - 2.2 MMSCMD
8Treated Water m3/hr 1100
8Neem Oil Kg/hr 56.15
Following are the highlights
8Prefeasibility report is completed
8Terms of reference already granted
Click on Report details for more, including the key contact. Details
8It will take a minimum 6 months to finalize the LSTK contractor.
8Projected investment cost is around Rs 6000 crore.
8The requirement of power is about 25 MW, which will be sourced from proposed 15 MW GTG and 10 MW STG.
8An emergency DG Set and an HRSG with a capacity 2000 KVA and 130 MTPH are proposed.
Following are the requirement of raw materials
8Natural Gas - 2.2 MMSCMD
8Treated Water m3/hr 1100
8Neem Oil Kg/hr 56.15
Following are the highlights
8Prefeasibility report is completed
8Terms of reference already granted
Click on Report details for more, including the key contact. Details
For reference purposes the website carries here the following tenders:
8Ultrasonic Thickness Survey of POL tanks and product pipelines Details
8Providing Area Development & upkeep of DHT Project Details
8Hiring of Managed Pressure Drilling Technology Details
8Providing Filling and Hardening for Proposed Oil Recovery Plant Details
8Carrying out Operation & Maintenance Services for Ankleshwar Block 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
8Providing Drilling Fluids Services for Onshore Blocks Details
8Supervision of Major Overhauling and Steam Path Audit of Steam Turbine Generator Details
8Supply of Gauge Hatch and Flame Arrestor for Lube Storage Vessels Details
8Procurement of Seamless Pipes of BS VI Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Niti Aayog to rank states on energy efficiency Details
8India can be much larger producer, consumer of natural gas Details
8Exxon revises down oil and gas reserves by 3.3 billion barrels Details
8Rosneft's profits slip, other Russian oil and gas producers see gains Details
8More than 100,000 litres of petrol stolen from Mathura Refinery pipeline Details
8Russia's Novatek says no need to borrow more for Yamal LNG project Details
8Norway oil companies raise 2017 investment forecasts -survey Details
8ONGC gets gas price guarantee from Gujarat, set to pave way for conclusion of GSPC deal Details
8Rajasthan 2nd largest crude oil producer in country: Governor Details
8U.S. crude oil stockpiles rise less than forecast - EIA Details
8Odisha govt withdraws tax incentives to IOCL Paradip Oil Refinery Details
8Flexibility in next round of oil hunt Details
8‘India can be much larger producer, consumer of natural gas’ Details
8ONGC to invest $1.1 billion to boost output Details
You can also click on Newsclips for more Details
8Ultrasonic Thickness Survey of POL tanks and product pipelines Details
8Providing Area Development & upkeep of DHT Project Details
8Hiring of Managed Pressure Drilling Technology Details
8Providing Filling and Hardening for Proposed Oil Recovery Plant Details
8Carrying out Operation & Maintenance Services for Ankleshwar Block 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
8Providing Drilling Fluids Services for Onshore Blocks Details
8Supervision of Major Overhauling and Steam Path Audit of Steam Turbine Generator Details
8Supply of Gauge Hatch and Flame Arrestor for Lube Storage Vessels Details
8Procurement of Seamless Pipes of BS VI Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Niti Aayog to rank states on energy efficiency Details
8India can be much larger producer, consumer of natural gas Details
8Exxon revises down oil and gas reserves by 3.3 billion barrels Details
8Rosneft's profits slip, other Russian oil and gas producers see gains Details
8More than 100,000 litres of petrol stolen from Mathura Refinery pipeline Details
8Russia's Novatek says no need to borrow more for Yamal LNG project Details
8Norway oil companies raise 2017 investment forecasts -survey Details
8ONGC gets gas price guarantee from Gujarat, set to pave way for conclusion of GSPC deal Details
8Rajasthan 2nd largest crude oil producer in country: Governor Details
8U.S. crude oil stockpiles rise less than forecast - EIA Details
8Odisha govt withdraws tax incentives to IOCL Paradip Oil Refinery Details
8Flexibility in next round of oil hunt Details
8‘India can be much larger producer, consumer of natural gas’ Details
8ONGC to invest $1.1 billion to boost output Details
You can also click on Newsclips for more Details
Refinery production during January, 2017 was 21.108 MMT which is 0.22% higher than the target for the month but 1.52% lower when compared with January, 2016.
8PSU Refineries’ production during January, 2017 was 11.760 MMT which is 1.57% lower than the target for the month and 2.90% lower than the production achieved in the corresponding month of last year.
Reasons for shortfall of refinery production in some PSU refineries are as under:
-- IOCL, Gujarat: Planned shutdown from Dec’16 to Jan’17 wherein the replacement catalyst failed & new catalyst had to be procured.
-- IOCL, Paradip: Throughput is lower due to coke upliftment issue.
-- IOCL, Haldia: Throughput is lower due to VGO stock build-up.
-- IOCL, Digboi / Guwahati: Lower availability of Assam crude.
-- BPCL, Mumbai: Throughput lower than target due to failure of DHDS- RGC motor
-- BPCL, Kochi: Throughput lower than target due to total power failure on 10.01.2017.
-- MRPL, Mangalore: Throughput lower due to load restrictions in CDU -1 heater and CDU-3 Vacuum heater.
8Production in JV refineries during January, 2017 was 1.519 MMT which is 15.06% higher than the target for the month and 7.09% higher than the production achieved in the corresponding month of last year.
8Production in private refineries during January, 2017 was 7.827 MMT which is 0.44% higher than the target for the month but 0.96% lower when compared with January, 2016.
Click on Reports for more Details
8PSU Refineries’ production during January, 2017 was 11.760 MMT which is 1.57% lower than the target for the month and 2.90% lower than the production achieved in the corresponding month of last year.
Reasons for shortfall of refinery production in some PSU refineries are as under:
-- IOCL, Gujarat: Planned shutdown from Dec’16 to Jan’17 wherein the replacement catalyst failed & new catalyst had to be procured.
-- IOCL, Paradip: Throughput is lower due to coke upliftment issue.
-- IOCL, Haldia: Throughput is lower due to VGO stock build-up.
-- IOCL, Digboi / Guwahati: Lower availability of Assam crude.
-- BPCL, Mumbai: Throughput lower than target due to failure of DHDS- RGC motor
-- BPCL, Kochi: Throughput lower than target due to total power failure on 10.01.2017.
-- MRPL, Mangalore: Throughput lower due to load restrictions in CDU -1 heater and CDU-3 Vacuum heater.
8Production in JV refineries during January, 2017 was 1.519 MMT which is 15.06% higher than the target for the month and 7.09% higher than the production achieved in the corresponding month of last year.
8Production in private refineries during January, 2017 was 7.827 MMT which is 0.44% higher than the target for the month but 0.96% lower when compared with January, 2016.
Click on Reports for more Details
Natural gas production during January, 2016 was 2738.37 MMSCM which is 10.19% lower than the target for the month but 11.89% higher when compared with January, 2016.
8Production by ONGC during January, 2017 was 1922.15 MMSCM which is 5.80% lower than the monthly target but 25.56% higher when compared with January, 2016.
8Shortfall in production was mainly due to decline in reservoir pressure in Bassein field and less output from Daman & C-26 Cluster due to evacuation constraint as export lines to TCPP platform are not yet completed.
8Gas production by OIL during January, 2017 was 248.79 MMSCM which is 6.15% higher than the monthly target and 1.25% higher than January, 2016.
8Natural gas production by Pvt/JVs during January, 2017 was 567.43 MMSCM which is 26.71% lower than the monthly target and 15.41% lower when compared with January, 2016.
Reasons for shortfall in production are as under:
-- Underperformance of wells in KG- OSN-2001/3.
-- Underperformance of Sohagpur West CBM block as extended dewatering is hampering production in Raniganj East CBM block.
-- Closure of 2 wells in D1-D3 field in KG-DWN-98/3.
-- RJ-ON-90/1: Liquid cut back in Mangala wells for rectification of 14" MPT to CPF feed water line leak on 27-28.01.2017. NI wells shutdown for 3-phase separator line modification on 27-28.01.2017. Few high water cut wells closed at Mangala, poor reservoir performance of Bhagyam etc.
-- RJ-ON/6: Increase in water cut in few wells.
Click on Reports for more Details
8Production by ONGC during January, 2017 was 1922.15 MMSCM which is 5.80% lower than the monthly target but 25.56% higher when compared with January, 2016.
8Shortfall in production was mainly due to decline in reservoir pressure in Bassein field and less output from Daman & C-26 Cluster due to evacuation constraint as export lines to TCPP platform are not yet completed.
8Gas production by OIL during January, 2017 was 248.79 MMSCM which is 6.15% higher than the monthly target and 1.25% higher than January, 2016.
8Natural gas production by Pvt/JVs during January, 2017 was 567.43 MMSCM which is 26.71% lower than the monthly target and 15.41% lower when compared with January, 2016.
Reasons for shortfall in production are as under:
-- Underperformance of wells in KG- OSN-2001/3.
-- Underperformance of Sohagpur West CBM block as extended dewatering is hampering production in Raniganj East CBM block.
-- Closure of 2 wells in D1-D3 field in KG-DWN-98/3.
-- RJ-ON-90/1: Liquid cut back in Mangala wells for rectification of 14" MPT to CPF feed water line leak on 27-28.01.2017. NI wells shutdown for 3-phase separator line modification on 27-28.01.2017. Few high water cut wells closed at Mangala, poor reservoir performance of Bhagyam etc.
-- RJ-ON/6: Increase in water cut in few wells.
Click on Reports for more Details
Crude oil production by OIL during January, 2017 was 0.274 MMT which is 14.83% lower than monthly target but 5.26% higher than production in January, 2016.
8Shortfall in production was mainly due to less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari fields & Naharkatiya fields on account of rise in water cut and less than envisaged contribution from newly drilled wells.
Crude oil production by Pvt/JVs during January, 2017 was 0.885 MMT which is 3.42% lower than the monthly target and 6.33% lower than January, 2016.
8Reasons for shortfall in production are as under:
-- RJ-ON-90/1: Liquid cut back in Mangala wells, Few high water cut wells closed at Mangala, poor reservoir performance of Bhagyam.
-- Natural Decline in Ravva & CB-OS/2.
-- Closure of 1 well in MA field in KG-DWN-98/3. The crude field is now facing sand ingress and high water cut problems and the shutting down of a well is an indicator of poor reservoir perforamnce
Click on Reports for more Details
8Shortfall in production was mainly due to less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari fields & Naharkatiya fields on account of rise in water cut and less than envisaged contribution from newly drilled wells.
Crude oil production by Pvt/JVs during January, 2017 was 0.885 MMT which is 3.42% lower than the monthly target and 6.33% lower than January, 2016.
8Reasons for shortfall in production are as under:
-- RJ-ON-90/1: Liquid cut back in Mangala wells, Few high water cut wells closed at Mangala, poor reservoir performance of Bhagyam.
-- Natural Decline in Ravva & CB-OS/2.
-- Closure of 1 well in MA field in KG-DWN-98/3. The crude field is now facing sand ingress and high water cut problems and the shutting down of a well is an indicator of poor reservoir perforamnce
Click on Reports for more Details
In an attempt to push indigenous production, is the government setting too high a target? The inability to achieve oil and gas production targets must be seen in the context of the fact that while output is higher than for the month in the previous year, is is way lower than target.
Crude oil production during January, 2017 was 3.075 MMT is 5.57% lower than target but 1.28% higher when compared with January 2016.
8Production by ONGC during January, 2017 was 1.916 MMT is 5.07% lower than the monthly target but 4.63% higher when compared with January, 2016.
8Reasons for shortfall in production are as under:
-- Delay in deployment of MOPU-Sagar Samrat.
-- Delay in implementation of “Development of Western Periphery of MHS (ZC)” Project.
-- Natural decline & increase in water cut in matured fields of Western Offshore.
Click on Reports for more Details
Crude oil production during January, 2017 was 3.075 MMT is 5.57% lower than target but 1.28% higher when compared with January 2016.
8Production by ONGC during January, 2017 was 1.916 MMT is 5.07% lower than the monthly target but 4.63% higher when compared with January, 2016.
8Reasons for shortfall in production are as under:
-- Delay in deployment of MOPU-Sagar Samrat.
-- Delay in implementation of “Development of Western Periphery of MHS (ZC)” Project.
-- Natural decline & increase in water cut in matured fields of Western Offshore.
Click on Reports for more Details
We have begun providing more information on business opportunities coming up in the oil and gas sector in the future
8What we now provide are the following important parameters
8A precise description of the project
8When is the RFQ coming up in the future?
8Which are the equipment and services needed?
8Has capital approval been given?
8When are the start-up and completion dates?
8Who are the key contacts and their telephone numbers?
8As we go along, we will provide you several leads every day and hundreds of precise updates every month. Our information will be exclusive and forward looking. This will provide out readers the opportunity to strike strong relationships with project proponents well before a tender comes out.
One such project in which we have the information relates to a Mumbai offshore block, where a 5 well appraisal drilling programme is coming up
8EC is expected in the 4th quarter of 2017
8RFQs in April, 2017
8LOA likely in September, 2017
8Construction start date is January, 2018
8End date is Q-1. 2020
Click on Details for project information and key contacts details in terms of name, designation and telephone numbers of those involved on the owner's side with the project. Details
8What we now provide are the following important parameters
8A precise description of the project
8When is the RFQ coming up in the future?
8Which are the equipment and services needed?
8Has capital approval been given?
8When are the start-up and completion dates?
8Who are the key contacts and their telephone numbers?
8As we go along, we will provide you several leads every day and hundreds of precise updates every month. Our information will be exclusive and forward looking. This will provide out readers the opportunity to strike strong relationships with project proponents well before a tender comes out.
One such project in which we have the information relates to a Mumbai offshore block, where a 5 well appraisal drilling programme is coming up
8EC is expected in the 4th quarter of 2017
8RFQs in April, 2017
8LOA likely in September, 2017
8Construction start date is January, 2018
8End date is Q-1. 2020
Click on Details for project information and key contacts details in terms of name, designation and telephone numbers of those involved on the owner's side with the project. Details
Start down in November 2017.
8They will replace DHDS catalyst in both the reactors.
8This is a planned shutdown. Details
8They will replace DHDS catalyst in both the reactors.
8This is a planned shutdown. Details
For reference purposes the website carries here the following tenders:
8Procurement of Pressure Gauges, Temperature Gauges & Differential Pressure Gauges at Neelam & Heera Platforms Details
8Procurement of Refilling of Halon 1301 Gas with Hydro testing of cylinders Details
8Carrying out Inline Inspection/ Intelligent Pigging of pipelines Details
8Repair of coating defects in pipelines Details
8Long Range Ultrasonic Testing for Underground Process Pipeline Section at Jhabua Compressor Station Details
8Procurement of LPG Injection Module for Sulphur Analyzer Details
8Procurement of Circular Gas Chart Details
8Procurement of Ball valves for Natural Gas Service Details
8Supply of Turbine Spares as per technical specifications Details
8Annual Rate Contract for pilferage rehabilitation, coat and wrap work, Mainline Store and restoration of mainline facilities Details
8Supply and installation of lagging cladding in Mainline Engine Exhaust units turbocharger and water, fuel piping for engines Details
8Lowering of Mainline Pipe Sections and Concreting across water channels Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India comfortable with crude oil prices up to $65/barrel: CEA Details
8Production Performance of Oil & Natural Gas Sector for January, 2017 Details
8'Royalty payout to Gujarat,Assam credit positive for ONGC,OIL' Details
8Rosneft’s initial payment for stake in Indian Essar Oil totals $300 mln Details
8Singapore carbon tax would hit refiners, help renewables Details
8U.S. oil holds near seven-week high; OPEC upbeat on output curbs Details
8British Gas to launch $125 mln customer loyalty scheme Details
8Goldman says global crude stock likely to keep falling Details
8Oil-starved India to auction exploration rights by June: Sources Details
8Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members Details
8EXCLUSIVE-China state firm in preliminary deal to buy Chevron's Bangladesh gas fields -oil executives Details
8Cabinet nod to GAIL, Greater Calcutta Gas JV for city gas supply Details
8Petroleum Minister visits Myanmar for strengthening Hydrocarbon Relations Details
8India's GDP projected to slow to 6.6% post-demonetisation, says IMF Details
8Uproar over GSPC’s KG basin spending Details
8Modi government to launch first major oilfields auction in two months Details
You can also click on Newsclips for more Details
8Procurement of Pressure Gauges, Temperature Gauges & Differential Pressure Gauges at Neelam & Heera Platforms Details
8Procurement of Refilling of Halon 1301 Gas with Hydro testing of cylinders Details
8Carrying out Inline Inspection/ Intelligent Pigging of pipelines Details
8Repair of coating defects in pipelines Details
8Long Range Ultrasonic Testing for Underground Process Pipeline Section at Jhabua Compressor Station Details
8Procurement of LPG Injection Module for Sulphur Analyzer Details
8Procurement of Circular Gas Chart Details
8Procurement of Ball valves for Natural Gas Service Details
8Supply of Turbine Spares as per technical specifications Details
8Annual Rate Contract for pilferage rehabilitation, coat and wrap work, Mainline Store and restoration of mainline facilities Details
8Supply and installation of lagging cladding in Mainline Engine Exhaust units turbocharger and water, fuel piping for engines Details
8Lowering of Mainline Pipe Sections and Concreting across water channels Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India comfortable with crude oil prices up to $65/barrel: CEA Details
8Production Performance of Oil & Natural Gas Sector for January, 2017 Details
8'Royalty payout to Gujarat,Assam credit positive for ONGC,OIL' Details
8Rosneft’s initial payment for stake in Indian Essar Oil totals $300 mln Details
8Singapore carbon tax would hit refiners, help renewables Details
8U.S. oil holds near seven-week high; OPEC upbeat on output curbs Details
8British Gas to launch $125 mln customer loyalty scheme Details
8Goldman says global crude stock likely to keep falling Details
8Oil-starved India to auction exploration rights by June: Sources Details
8Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members Details
8EXCLUSIVE-China state firm in preliminary deal to buy Chevron's Bangladesh gas fields -oil executives Details
8Cabinet nod to GAIL, Greater Calcutta Gas JV for city gas supply Details
8Petroleum Minister visits Myanmar for strengthening Hydrocarbon Relations Details
8India's GDP projected to slow to 6.6% post-demonetisation, says IMF Details
8Uproar over GSPC’s KG basin spending Details
8Modi government to launch first major oilfields auction in two months Details
You can also click on Newsclips for more Details
It is time for the government to act against the GAIL brass for its various acts of commission and omission in the conduct of the company's affairs.
8To begin with, there is no reason why the GAIL brass should not be punished for the pipeline blast that killed 22 people in their sleep on June 27, 2014.
8The GAIL management was found directly responsible both by the OISD and the PNGRB for gross lapses and dereliction of duty.
8Under the eyes of the law, this amounts to criminal conduct, tantamount to culpable homicide and there is a need for immediate action against the culprits.
8But clearly the authorities are looking the other way.
8The PNGRB has refused to invoke stricter provisions enshrined in the PNGRB Act for willful misbehavior that led to the blast. It has capitulated to the pressure and clout of the gas major to settle for a light rap on the knuckles by imposing a fine of mere Rs 20 lakh.
8In what is a blatant act of immorality, and perhaps safe in its assumption that it will be shielded by the powers that be, the GAIL management had at one point even gone ahead and challenged the imposition of the token fine on legal points.
8In the US, such incidents would have resulted in not just imprisonment of the management but also fines worth billions of dollars.
8A full investigation is also needed into the decision making process that lead to the booking of 5.8 MMTPA of LNG capacity in the US with a recurring yearly liability in fixed charges. In a grossly over supplied market at a time when the US obligations kick in, it is doubtful if GAIL will make a profit on this commitment for a long time to come
8Some would argue that it was a business decision that has gone wrong but nevertheless the file notings require investigation to check for inconsistencies and malafide intention.
8There are always many wheels within wheels in such billion dollar decisions.
8It is also time for the government to give up its resistance to the PNGRB's suggestion to split up GAIL into transmission and trading entities. There is too much of a conflict of interest between the two and this is only impeding and not promoting the gas business in India. As its many consumers will vouch, GAIL is not a company greatly known for its ethics. Years of abuse of its monopoly position has led to an entrenched mindset that is out of tune with the changing times.
8The government had defended GAIL's monopoly so far on the assumption that no other company would come forward to fulfill the obligation of creating a gas pipeline infrastructure but this assumption is false. For GAIL would not move to lay a pipeline if it did not see profit at the end of the line. The fact that it delayed several key pipelines on account of lack of anchor customers and positive NPV is proof enough. Eventually the gas major had to be goaded to move forward with significant viability gap funding from the government of India.
Click on Details for more Details
8To begin with, there is no reason why the GAIL brass should not be punished for the pipeline blast that killed 22 people in their sleep on June 27, 2014.
8The GAIL management was found directly responsible both by the OISD and the PNGRB for gross lapses and dereliction of duty.
8Under the eyes of the law, this amounts to criminal conduct, tantamount to culpable homicide and there is a need for immediate action against the culprits.
8But clearly the authorities are looking the other way.
8The PNGRB has refused to invoke stricter provisions enshrined in the PNGRB Act for willful misbehavior that led to the blast. It has capitulated to the pressure and clout of the gas major to settle for a light rap on the knuckles by imposing a fine of mere Rs 20 lakh.
8In what is a blatant act of immorality, and perhaps safe in its assumption that it will be shielded by the powers that be, the GAIL management had at one point even gone ahead and challenged the imposition of the token fine on legal points.
8In the US, such incidents would have resulted in not just imprisonment of the management but also fines worth billions of dollars.
8A full investigation is also needed into the decision making process that lead to the booking of 5.8 MMTPA of LNG capacity in the US with a recurring yearly liability in fixed charges. In a grossly over supplied market at a time when the US obligations kick in, it is doubtful if GAIL will make a profit on this commitment for a long time to come
8Some would argue that it was a business decision that has gone wrong but nevertheless the file notings require investigation to check for inconsistencies and malafide intention.
8There are always many wheels within wheels in such billion dollar decisions.
8It is also time for the government to give up its resistance to the PNGRB's suggestion to split up GAIL into transmission and trading entities. There is too much of a conflict of interest between the two and this is only impeding and not promoting the gas business in India. As its many consumers will vouch, GAIL is not a company greatly known for its ethics. Years of abuse of its monopoly position has led to an entrenched mindset that is out of tune with the changing times.
8The government had defended GAIL's monopoly so far on the assumption that no other company would come forward to fulfill the obligation of creating a gas pipeline infrastructure but this assumption is false. For GAIL would not move to lay a pipeline if it did not see profit at the end of the line. The fact that it delayed several key pipelines on account of lack of anchor customers and positive NPV is proof enough. Eventually the gas major had to be goaded to move forward with significant viability gap funding from the government of India.
Click on Details for more Details
What is the volume of loss that GAIL will endure as a LNG offtake obligation in the US?
8At $ 1/mmbtu, the loss from Sabine Pass per year for GAIL comes to Rs 1100 crore and from Cover Point another Rs 780 crore, totaling up to Rs 1800 crore
8At $ 2, the loss is Rs 3800 crore
8At $ 3, the total comes to a staggering Rs 5400 crore.
8The consignments were initially meant for India but an over supplied market in Asia now means that GAIL will have to compete with more experienced and deep pocketed companies such as Shell and Exxon Mobil for share of the markets in Europe and South America.
8The problem is further accentuated by the fact that its does not have a dedicated fleet of vessels to deliver the LNG. The prediction is that spare LNG vessel capacity will dry up by the time obligations to uplift US cargoes come into play.
8The gas major is trying to enter into swapping contracts, which is to to sell its US gas to LNG buyers in Europe (served by the Middle-East and Africa) and procuring gas for India from the Middle-East, leading to material reductions in freight cost.
8But this is not going to be that easy to handle as a lot of others will try to outwit GAIL in the game.
Click on Derails for more Details
8At $ 1/mmbtu, the loss from Sabine Pass per year for GAIL comes to Rs 1100 crore and from Cover Point another Rs 780 crore, totaling up to Rs 1800 crore
8At $ 2, the loss is Rs 3800 crore
8At $ 3, the total comes to a staggering Rs 5400 crore.
8The consignments were initially meant for India but an over supplied market in Asia now means that GAIL will have to compete with more experienced and deep pocketed companies such as Shell and Exxon Mobil for share of the markets in Europe and South America.
8The problem is further accentuated by the fact that its does not have a dedicated fleet of vessels to deliver the LNG. The prediction is that spare LNG vessel capacity will dry up by the time obligations to uplift US cargoes come into play.
8The gas major is trying to enter into swapping contracts, which is to to sell its US gas to LNG buyers in Europe (served by the Middle-East and Africa) and procuring gas for India from the Middle-East, leading to material reductions in freight cost.
8But this is not going to be that easy to handle as a lot of others will try to outwit GAIL in the game.
Click on Derails for more Details
Brokerages are bullish on IOC's performance going ahead. Here are the reasons:
8(a) GRMs are on track for a US$ 2/bbl improvement from Q1FY18, as Paradip utilisation improves to >95% (from 85% now); (b) marketing EBITDA is guided to hold steady at Rs 20bn per quarter on cost reduction; and (c) future investments will mostly cater to efficiency gains across the value chain (refinery, marketing), while greenfield investments have peaked out.
Paradip to bump up GRMs by ~US$ 2/bbl: IOCL’s Paradip refinery is on track to attain >95% utilisation levels in Q1FY18. Expectation is for ~US$ 11/bbl GRMs for Paradip considering its product slate advantage (80% output comprises diesel and petrol). With operating costs at ~US$ 2/bbl, this refinery would prove more efficient than peers Bina (BPCL-Oman Oil JV) and Bhatinda (HPCL-Mittal Energy JV).
8Sustained benefits from cost reduction in marketing business: IOCL has consciously worked towards reducing logistic costs, especially for product sales to eastern parts of the country. Commissioning of incremental pipeline capacities and the start-up of its Paradip refinery (making it cost-effective to deliver marketing volumes to eastern India) have been major factors in the cost reduction. About 40% of product sales from Paradip would be through pipelines once the Paradip-Raipur-Ranchi pipeline is fully commissioned in Q1FY18. Marketing EBITDA at Rs 20bn per quarter looks sustainable (Rs 1,000/MT, excluding inventory adjustments).
8Diversification remains biggest strength: Competition from private refiners will have the least impact on IOCL considering (a) marketing EBITDA is 20% of the total (vs. 50-60% for HPCL/BPCL), (b) marketing EBITDA/unit is the lowest among OMCs and (c) refining earnings (50% of total EBITDA) will remain the primary growth driver post efficiency gains, while pipelines and petrochemicals (~30% of total) provide stability. ROE looks sustainable at >20% levels.
Click on Reports for more Details
8(a) GRMs are on track for a US$ 2/bbl improvement from Q1FY18, as Paradip utilisation improves to >95% (from 85% now); (b) marketing EBITDA is guided to hold steady at Rs 20bn per quarter on cost reduction; and (c) future investments will mostly cater to efficiency gains across the value chain (refinery, marketing), while greenfield investments have peaked out.
Paradip to bump up GRMs by ~US$ 2/bbl: IOCL’s Paradip refinery is on track to attain >95% utilisation levels in Q1FY18. Expectation is for ~US$ 11/bbl GRMs for Paradip considering its product slate advantage (80% output comprises diesel and petrol). With operating costs at ~US$ 2/bbl, this refinery would prove more efficient than peers Bina (BPCL-Oman Oil JV) and Bhatinda (HPCL-Mittal Energy JV).
8Sustained benefits from cost reduction in marketing business: IOCL has consciously worked towards reducing logistic costs, especially for product sales to eastern parts of the country. Commissioning of incremental pipeline capacities and the start-up of its Paradip refinery (making it cost-effective to deliver marketing volumes to eastern India) have been major factors in the cost reduction. About 40% of product sales from Paradip would be through pipelines once the Paradip-Raipur-Ranchi pipeline is fully commissioned in Q1FY18. Marketing EBITDA at Rs 20bn per quarter looks sustainable (Rs 1,000/MT, excluding inventory adjustments).
8Diversification remains biggest strength: Competition from private refiners will have the least impact on IOCL considering (a) marketing EBITDA is 20% of the total (vs. 50-60% for HPCL/BPCL), (b) marketing EBITDA/unit is the lowest among OMCs and (c) refining earnings (50% of total EBITDA) will remain the primary growth driver post efficiency gains, while pipelines and petrochemicals (~30% of total) provide stability. ROE looks sustainable at >20% levels.
Click on Reports for more Details
No other company was hit harder by the vagaries of the oil and gas industry than Punj Lloyd.
8Soon after a big contact with ONGC turned toxic, the company was hit by the oil price crisis. As a result red ink was spilled all over its balance sheet.
8The company however is fighting back and customers are reposing trust on both its boss Atul Punj and his company.
8Two recent contracts and lower losses are bringing about the change.
The contracts are from:
8Adani for EPCC (design, engineering, construction and commissioning) of refrigerated double wall storage tanks and mounded bullets for its LPG Terminal at Mundra for Rs 138 crore
8Mumbai Port Trust (MbPT) for Installation of offshore / onshore pipeline and terminal work for the ‘Fifth Oil (J5) Berth’ at Jawahar Dweep in Mumbai Harbour for a contract value of Rs 209 crores.
Click on Repots for more Details
8Soon after a big contact with ONGC turned toxic, the company was hit by the oil price crisis. As a result red ink was spilled all over its balance sheet.
8The company however is fighting back and customers are reposing trust on both its boss Atul Punj and his company.
8Two recent contracts and lower losses are bringing about the change.
The contracts are from:
8Adani for EPCC (design, engineering, construction and commissioning) of refrigerated double wall storage tanks and mounded bullets for its LPG Terminal at Mundra for Rs 138 crore
8Mumbai Port Trust (MbPT) for Installation of offshore / onshore pipeline and terminal work for the ‘Fifth Oil (J5) Berth’ at Jawahar Dweep in Mumbai Harbour for a contract value of Rs 209 crores.
Click on Repots for more Details
What is the latest on GAIL's 5.8 MMTPA of LNG that it has contracted from two US terminals, Sabine Pass and Cove Point?
8The gas major has made no progress beyond reselling 1 MMTPA of that allocation to Shell and a handful of other players.
8It still has another 4.8 MMTPA of LNG off take obligation to take care of.
8The gas major has issued a tender for swapping these volumes with LNG traders in Africa, the Middle East or Asia Pacific but the response is unknown.
8GAIL says it will be able to fully derisk its US LNG obligation but this website is not hopeful it will be able to do so.
8Clearly losses are going to be high.
8The agreement under pinning its 3.5 MMTPA offtake obligation from Sabine Pass terminal is what is most risky. Volumes from this train is mean to come in from end-2017. The pricing is at 115% of Henry Hub (HH) + US$ 3/mmbtu mark-up +US$ 1.7-2/mmbtu for transportation to India (if it does come to India). The price of that LNG in India could be anywhere between $ 1 to $3/mmbtu higher than spot prices.
8Originally, GAIL had thought that US LNG would be brought to India to India on the fond assumption that the big differential between oil indexed LNG coming to India and Henry Hub based LNG will persist, providing the gas major with a healthy margin. But clearly GAIL miscalculated the international pricing dynamics of LNG. Oil price crashed and the differential in fact turned from being positive to heavily negative.
8GAIL's 2.3 MMTPA offtake from the Cove Point terminal is differently structured from that of Sabine Pass and it is difficult to calculate the loss. Charges could be US$ 3/mmbtu for all services, including liquefaction and pipeline transportation but gas will be sourced by GAIL itself, whether at Henry Hub or at a discount or premium. Unlike Sabine Pass, GAIL's liability will be limited to the use-or-pay charge and not the entire gas price. If the terminal is not used and gas is not procured, the $3/mmbtu fixed charge will have to be incurred.
Click on Details for more Details
8The gas major has made no progress beyond reselling 1 MMTPA of that allocation to Shell and a handful of other players.
8It still has another 4.8 MMTPA of LNG off take obligation to take care of.
8The gas major has issued a tender for swapping these volumes with LNG traders in Africa, the Middle East or Asia Pacific but the response is unknown.
8GAIL says it will be able to fully derisk its US LNG obligation but this website is not hopeful it will be able to do so.
8Clearly losses are going to be high.
8The agreement under pinning its 3.5 MMTPA offtake obligation from Sabine Pass terminal is what is most risky. Volumes from this train is mean to come in from end-2017. The pricing is at 115% of Henry Hub (HH) + US$ 3/mmbtu mark-up +US$ 1.7-2/mmbtu for transportation to India (if it does come to India). The price of that LNG in India could be anywhere between $ 1 to $3/mmbtu higher than spot prices.
8Originally, GAIL had thought that US LNG would be brought to India to India on the fond assumption that the big differential between oil indexed LNG coming to India and Henry Hub based LNG will persist, providing the gas major with a healthy margin. But clearly GAIL miscalculated the international pricing dynamics of LNG. Oil price crashed and the differential in fact turned from being positive to heavily negative.
8GAIL's 2.3 MMTPA offtake from the Cove Point terminal is differently structured from that of Sabine Pass and it is difficult to calculate the loss. Charges could be US$ 3/mmbtu for all services, including liquefaction and pipeline transportation but gas will be sourced by GAIL itself, whether at Henry Hub or at a discount or premium. Unlike Sabine Pass, GAIL's liability will be limited to the use-or-pay charge and not the entire gas price. If the terminal is not used and gas is not procured, the $3/mmbtu fixed charge will have to be incurred.
Click on Details for more Details
The Stage-I of the field is expected to start production in Q2, 2017.
8In stage-II of the field, a Gas Gathering station and a Gas Processing Plant have been proposed.
8Drilling programme of 35 wells have been planned out of which 8 wells have been already drilled.
8The 8 wells drilled have been connected to the Header connections.
8There is a booster compressor station also proposed in the field.
8RFQs are expected in March, 2017
Click on details for more. Details
8In stage-II of the field, a Gas Gathering station and a Gas Processing Plant have been proposed.
8Drilling programme of 35 wells have been planned out of which 8 wells have been already drilled.
8The 8 wells drilled have been connected to the Header connections.
8There is a booster compressor station also proposed in the field.
8RFQs are expected in March, 2017
Click on details for more. Details
The E&P major is planning for an Exploratory drilling of three wells in an NELP Block in eastern region.
8The total cost involves around Rs.180 crore.
8The Environmental clearance is expected in 3rd quarter of 2017 and drilling will start soon thereafter.
Click On details for full information on equipment-wise RFQ dates. Details
8The total cost involves around Rs.180 crore.
8The Environmental clearance is expected in 3rd quarter of 2017 and drilling will start soon thereafter.
Click On details for full information on equipment-wise RFQ dates. Details
What is sought to be replaced is the Pneumatic Control System.
8This maintenance work will be started by June, 2017.
8Following equipment will be required:
--Latest Pneumatic Control System.
--Double Disc Slide Valve (DDSV)
--Hydraulic Power system.
--Electro hydraulic Actuator.
--Position Transducer
--Feedback mechanism equipment
Click on Details for more Details
8This maintenance work will be started by June, 2017.
8Following equipment will be required:
--Latest Pneumatic Control System.
--Double Disc Slide Valve (DDSV)
--Hydraulic Power system.
--Electro hydraulic Actuator.
--Position Transducer
--Feedback mechanism equipment
Click on Details for more Details
The additional mounded storage will be in 2 bullets of 1200 MT each
8Total costing of the project is Rs.33 crore
Click on Details for more Details
8Total costing of the project is Rs.33 crore
Click on Details for more Details
The total planned investment for the project is Rs.13 crore.
8PFR has been already done.
8Tank capacities are: Ethanol (2x858 KL) & Biodiesel (2x1683KL).
Click on Details for more Details
8PFR has been already done.
8Tank capacities are: Ethanol (2x858 KL) & Biodiesel (2x1683KL).
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of LPG System Spares as per technical specification at refinery Details
8Supply of Pressure Transmitters at refinery Details
8Preliminary preparation and NDT works for Statutory Testing of LPG bullets Details
8Procurement of Dimethyl Disulphide as per technical specification at refinery Details
8Calibration of Mass Flow meters installed in product pipeline stations Details
8Procurement of Ultrasonic Thickness Meter in refinery Details
8Carrying out High resolution Intelligent Pig Survey and XYZ mapping of LPG Pipelines Details
8Procurement of Upper Centre Pipes at refinery Details
8Procurement of Corrosion Inhibitor for Batch Injection in Offshore Crude Oil Pipeline in refinery Details
8Statutory Inspection of LPG mounded bullets and aparpoylene spheres Details
8Purchase & Hiring of Whipstock Assembly & Services on Callout basis for CB-ONN-2000/1 & CB-ONN-2003/2 Blocks Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Shell says new LNG buyers want shorter, smaller contracts Details
8Crude oil prices rise for second day as investors bet big on oil strength Details
8India's Gas Hydrates Details
8Natural gas price at three-year low Details
8Centre agrees to pay Rs 6,320 cr as oil royalty to Assam Details
8Why India's Oil & Gas sector has still a long way to go? Details
8Oil minister, top govt officials to conduct pan-India energy survey Details
8Oil rises 1 percent as OPEC sees higher compliance with cuts Details
8Bengal decides to enter into joint venture with GAIL Details
8Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCL Details
8Rosneft-led consortium to complete Essar Oil buyout soon Details
8Russia's Rosneft, Libya's NOC sign crude oil offtake agreement Details
8ONGC takes profit hit from royalty payments Details
You can also click on Newsclips for more Details
8Supply of LPG System Spares as per technical specification at refinery Details
8Supply of Pressure Transmitters at refinery Details
8Preliminary preparation and NDT works for Statutory Testing of LPG bullets Details
8Procurement of Dimethyl Disulphide as per technical specification at refinery Details
8Calibration of Mass Flow meters installed in product pipeline stations Details
8Procurement of Ultrasonic Thickness Meter in refinery Details
8Carrying out High resolution Intelligent Pig Survey and XYZ mapping of LPG Pipelines Details
8Procurement of Upper Centre Pipes at refinery Details
8Procurement of Corrosion Inhibitor for Batch Injection in Offshore Crude Oil Pipeline in refinery Details
8Statutory Inspection of LPG mounded bullets and aparpoylene spheres Details
8Purchase & Hiring of Whipstock Assembly & Services on Callout basis for CB-ONN-2000/1 & CB-ONN-2003/2 Blocks Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Shell says new LNG buyers want shorter, smaller contracts Details
8Crude oil prices rise for second day as investors bet big on oil strength Details
8India's Gas Hydrates Details
8Natural gas price at three-year low Details
8Centre agrees to pay Rs 6,320 cr as oil royalty to Assam Details
8Why India's Oil & Gas sector has still a long way to go? Details
8Oil minister, top govt officials to conduct pan-India energy survey Details
8Oil rises 1 percent as OPEC sees higher compliance with cuts Details
8Bengal decides to enter into joint venture with GAIL Details
8Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCL Details
8Rosneft-led consortium to complete Essar Oil buyout soon Details
8Russia's Rosneft, Libya's NOC sign crude oil offtake agreement Details
8ONGC takes profit hit from royalty payments Details
You can also click on Newsclips for more Details
L&T is one of those rare Indian companies which have developed real E&P services capabilities riding on Indian orders
8It is now a serious contender in global E&P contracting, particularly in the Middle East
8What is admirable is the creation of its offshore E&P capacity in terms of building process complexes, wellhead platforms, subsea pipelines, FPSO topsides, Jack-up rigs, redevelopment projects, subsea systems, living quarters and decommissioning work.
8It has build excellent modular capabilities and its engineering services division too has garnered a lot of teeth
Click on Reports to find out more Details
8It is now a serious contender in global E&P contracting, particularly in the Middle East
8What is admirable is the creation of its offshore E&P capacity in terms of building process complexes, wellhead platforms, subsea pipelines, FPSO topsides, Jack-up rigs, redevelopment projects, subsea systems, living quarters and decommissioning work.
8It has build excellent modular capabilities and its engineering services division too has garnered a lot of teeth
Click on Reports to find out more Details
Fresh set of data and analysis coming out globally provide a new narration on global LNG supply and demand.
8Yesterday, the website carried a full analysis on how growth in demand is absorbing new supplies.
8Another very exhaustive analysis carried here today seems to repeat the same narrative but with a lot more data
8Emission reduction is one of the primary reasons that is driving increased gas demand. And within the gas segment, LNG demand seems to be growing at a much faster pace than overall gas demand.
8The point to note is that one third of the new LNG supply growth is already online and demand seems to be holding firm to absorb the supply
8Robust spot prices seem to reflect the market's ability to absorb new supply
8The trend is towards shorter and smaller contracts with emerging buyers
8The need for new capacity creation has already begun, and new FIDs will be needed to meet demand growth after 2020.
8This new analysis is based on a huge amount of data and will be of great interest to the Indian policy maker and to gas importers and buyers.
Click on Reports for more Details
8Yesterday, the website carried a full analysis on how growth in demand is absorbing new supplies.
8Another very exhaustive analysis carried here today seems to repeat the same narrative but with a lot more data
8Emission reduction is one of the primary reasons that is driving increased gas demand. And within the gas segment, LNG demand seems to be growing at a much faster pace than overall gas demand.
8The point to note is that one third of the new LNG supply growth is already online and demand seems to be holding firm to absorb the supply
8Robust spot prices seem to reflect the market's ability to absorb new supply
8The trend is towards shorter and smaller contracts with emerging buyers
8The need for new capacity creation has already begun, and new FIDs will be needed to meet demand growth after 2020.
8This new analysis is based on a huge amount of data and will be of great interest to the Indian policy maker and to gas importers and buyers.
Click on Reports for more Details
Those of you who don't know enough already or are curious to know more about ONGC, the website carries here a full presentation with the latest update on the company.
8It is important to note that the company's presentation and style has improved and while still not at par with its global peers in terms of depth of analysis, it is trying to narrow the gap.
Click on Reports for more Details
8It is important to note that the company's presentation and style has improved and while still not at par with its global peers in terms of depth of analysis, it is trying to narrow the gap.
Click on Reports for more Details
The E & P major is planning for the construction of new Early Production Station
and associated pipeline network near a drilling site
8The infrastructure and roads for Early Production Station and pipeline are being laid down.
8The gas from a PML block will be taken to the Early Production Station
8The cost of the project is around Rs.72 crore.
8Environment Clearance is not required as the location is within the existing drilling site for which clearance has already been taken.
8Following RFQs are expected to come up by May 2017.
--The RFQ for the pipeline is expected by the end of May 2017.
--The RFQ for the Manifold by May-2017.
--The RFQ for the Header by May-2017.
--The RFQ for the Piping system in May-2017.
--The RFQ for the Test separator by the end of May 2017.
--The RFQ for the Production separator by May-2017.
--The RFQ for the Test tank by the end of May 2017.
--The RFQ for the Production tank by May-2017.
--The RFQ for the Oil Transfer pump in May-2017.
--The RFQ for the Flare stack system by May-2017. Details
8The infrastructure and roads for Early Production Station and pipeline are being laid down.
8The gas from a PML block will be taken to the Early Production Station
8The cost of the project is around Rs.72 crore.
8Environment Clearance is not required as the location is within the existing drilling site for which clearance has already been taken.
8Following RFQs are expected to come up by May 2017.
--The RFQ for the pipeline is expected by the end of May 2017.
--The RFQ for the Manifold by May-2017.
--The RFQ for the Header by May-2017.
--The RFQ for the Piping system in May-2017.
--The RFQ for the Test separator by the end of May 2017.
--The RFQ for the Production separator by May-2017.
--The RFQ for the Test tank by the end of May 2017.
--The RFQ for the Production tank by May-2017.
--The RFQ for the Oil Transfer pump in May-2017.
--The RFQ for the Flare stack system by May-2017. Details
The operator is also is planning for construction of a new Condensate Treatment
Facility and a Tank farm near the drilling site
8The cost of the project is around Rs.36 crore.
8According to the officials “The RFQs has been lined up for the project, which will be released by next month.”
8Following equipments will be used for condensate treatment facility:
--Cooler
--High pressure separator
--Gas compressor
--Control valve
--Low pressure separator
--Booster compressor
--Heat exchanger
--Liquid column
--Pipeline
--Pumps
8The RFQs for the tank farm and related equipments will be released by April 2017.
8Following equipments will be used for Tank farm:
--Crossover Ramp
--Flock Tank
--Polymer Tank Farm
--Manifolds
--Pressure Washer
--Wash Down Pumps
--Godwin Pump
--Dri-Prime Pumps
--Tanks Details
8The cost of the project is around Rs.36 crore.
8According to the officials “The RFQs has been lined up for the project, which will be released by next month.”
8Following equipments will be used for condensate treatment facility:
--Cooler
--High pressure separator
--Gas compressor
--Control valve
--Low pressure separator
--Booster compressor
--Heat exchanger
--Liquid column
--Pipeline
--Pumps
8The RFQs for the tank farm and related equipments will be released by April 2017.
8Following equipments will be used for Tank farm:
--Crossover Ramp
--Flock Tank
--Polymer Tank Farm
--Manifolds
--Pressure Washer
--Wash Down Pumps
--Godwin Pump
--Dri-Prime Pumps
--Tanks Details
8Land Acquisition has been started.
8Land requirement is 30 acre.
8Total cost of the Project will be Rs 28 crore.
Click on Details for more Details
8Land requirement is 30 acre.
8Total cost of the Project will be Rs 28 crore.
Click on Details for more Details
A shut down is expected in a crude unit and a Fluid Catalytic Cracker Unit.
8Shutdown duration will be 25 days
8Equipment for which which maintenance or replacement will be needed are:
-- Coolers & Condensers
-- Columns
-- Regenerator
-- Columns
-- Heaters
-- Vessels
-- Pumps
-- Relief valves
-- Level gauges
-- Spring supports
-- Control Valves
Click on Details for more Details
8Shutdown duration will be 25 days
8Equipment for which which maintenance or replacement will be needed are:
-- Coolers & Condensers
-- Columns
-- Regenerator
-- Columns
-- Heaters
-- Vessels
-- Pumps
-- Relief valves
-- Level gauges
-- Spring supports
-- Control Valves
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Carrying out Tubing Scrapping Services on Call Out basis at Onshore Blocks Details
8Hiring of Directional Drilling Services on Callout Basis for Onshore Blocks Details
8Civil works at drill site in RDS area Details
8Hiring of services for calibration of Master Calibration Instruments at OGT & PLQP Details
8Procurement of Compressor Spares Details
8Supply of Vibration Monitoring System Details
8Three year Annual Rate Contract for expert service, troubleshooting and maintenance support at refinery Details
8Laying heat traced pipeline with associated facilities at refinery Details
8Fresh Catalyst for DHDS unit in refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Direct Benefit Transfer leads to Rs 50,000-crore savings for government in 3 years Details
8Crude oil prices edge up on output cut, but U.S. drilling drags gains Details
8Subsidy extension unlikely for stranded and under-utilized gas-based power plants Details
8Debt pain of Indian Oil, Bharat Petroleum eases as fuel reforms pay off Details
8Indian Oil to invest Rs15,750 crore to grow pipeline network Details
8India looks to expand Energy ties with Myanmar Details
8Indian Oil Corporation threatens relook at Rs 52K cr Odisha investment Details
8Abu Dhabi awards China's CEFC 4 per cent of oil concession for $900 million Details
8After OPEC cuts heavy oil, China teapot refiners pull U.S. supply to Asia Details
8Centre to pay Rs 14,715 cr royalty owned by ONGC, IOC to Gujarat, Assam Details
8Global demand for LNG reaches 265mn tonnes in 2016: Shell Details
8IL&FS Engineering gets Rs123 crore contracts for Gail pipeline Details
8Natural gas pricier Details
8US 'not in Iraq to seize anybody's oil': Defence Secretary Jim Mattis Details
8Environment pollution authority EPCA pitches for ban on furnace oil, pet coke Details
You can also click on Newsclips for more Details
8Carrying out Tubing Scrapping Services on Call Out basis at Onshore Blocks Details
8Hiring of Directional Drilling Services on Callout Basis for Onshore Blocks Details
8Civil works at drill site in RDS area Details
8Hiring of services for calibration of Master Calibration Instruments at OGT & PLQP Details
8Procurement of Compressor Spares Details
8Supply of Vibration Monitoring System Details
8Three year Annual Rate Contract for expert service, troubleshooting and maintenance support at refinery Details
8Laying heat traced pipeline with associated facilities at refinery Details
8Fresh Catalyst for DHDS unit in refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Direct Benefit Transfer leads to Rs 50,000-crore savings for government in 3 years Details
8Crude oil prices edge up on output cut, but U.S. drilling drags gains Details
8Subsidy extension unlikely for stranded and under-utilized gas-based power plants Details
8Debt pain of Indian Oil, Bharat Petroleum eases as fuel reforms pay off Details
8Indian Oil to invest Rs15,750 crore to grow pipeline network Details
8India looks to expand Energy ties with Myanmar Details
8Indian Oil Corporation threatens relook at Rs 52K cr Odisha investment Details
8Abu Dhabi awards China's CEFC 4 per cent of oil concession for $900 million Details
8After OPEC cuts heavy oil, China teapot refiners pull U.S. supply to Asia Details
8Centre to pay Rs 14,715 cr royalty owned by ONGC, IOC to Gujarat, Assam Details
8Global demand for LNG reaches 265mn tonnes in 2016: Shell Details
8IL&FS Engineering gets Rs123 crore contracts for Gail pipeline Details
8Natural gas pricier Details
8US 'not in Iraq to seize anybody's oil': Defence Secretary Jim Mattis Details
8Environment pollution authority EPCA pitches for ban on furnace oil, pet coke Details
You can also click on Newsclips for more Details
Operator is looking for a contractor for pipeline maintenance work
8The maintenance work is to be carried out in the composite warp around the pipeline
Click on Details for more Details
8The maintenance work is to be carried out in the composite warp around the pipeline
Click on Details for more Details
This maintenance project will require the following equipment:
-- Welding equipment
-- Scribe machine
-- Wire wheels
-- Pipe band
-- Valves
-- Pigging tools
Click on details for more Details
-- Welding equipment
-- Scribe machine
-- Wire wheels
-- Pipe band
-- Valves
-- Pigging tools
Click on details for more Details
How does one ameliorate a situation where there is "low" Asian demand?
The main drivers for higher demand growth relative to the ‘low demand scenario’ are:
--Policy-supported switching to gas from coal in China and India for air quality and possibly CO2 reduction reasons.
--A slower pace of nuclear restart and renewables implementation in Japan.
--Higher power demand growth and a commitment to phase out nuclear in Taiwan.
--Faster decline rates of domestic gas production, requiring accelerated LNG imports in Pakistan, Thailand, Bangladesh, Malaysia, Indonesia and Vietnam.
8Given the less than firm commitment to the growth of gas in many Asian country energy policies, future LNG price levels will be important. While the lack of transparent competitive energy markets in most Asian countries generally blunts the immediate impact of LNG and gas prices on demand, price will certainly influence policy and prolonged periods (2 to 3 years) of high LNG prices would depress LNG demand growth, as it did in the aftermath of the hike in oil-indexed and spot LNG prices from 2011 onwards.
8As predicted here, there is likely to be a ‘mini-glut’ in 2019 and 2020 which would result in depressed European hub and Asian spot LNG prices but for a much shorter period than anticipated earlier, with the market cleared in 2019 and 2020 probably without the need to curtail US LNG exports.
8Given the typical lead time from FID to first LNG cargo of 5 years, upside on the global LNG supply picture from this point of view is limited and would be confined to:
8Faster than anticipated commissioning periods for existing projects coming onstream over the next five years,
8The successful completion of any new Floating LNG liquefaction projects, whose lead-time might be shorter.
8The successful development of the offshore Egypt Zohr field which has the possibility of negating Egypt’s LNG import requirement, allowing a resumption of LNG exports by around 2020.
Click on Reports for more Details
The main drivers for higher demand growth relative to the ‘low demand scenario’ are:
--Policy-supported switching to gas from coal in China and India for air quality and possibly CO2 reduction reasons.
--A slower pace of nuclear restart and renewables implementation in Japan.
--Higher power demand growth and a commitment to phase out nuclear in Taiwan.
--Faster decline rates of domestic gas production, requiring accelerated LNG imports in Pakistan, Thailand, Bangladesh, Malaysia, Indonesia and Vietnam.
8Given the less than firm commitment to the growth of gas in many Asian country energy policies, future LNG price levels will be important. While the lack of transparent competitive energy markets in most Asian countries generally blunts the immediate impact of LNG and gas prices on demand, price will certainly influence policy and prolonged periods (2 to 3 years) of high LNG prices would depress LNG demand growth, as it did in the aftermath of the hike in oil-indexed and spot LNG prices from 2011 onwards.
8As predicted here, there is likely to be a ‘mini-glut’ in 2019 and 2020 which would result in depressed European hub and Asian spot LNG prices but for a much shorter period than anticipated earlier, with the market cleared in 2019 and 2020 probably without the need to curtail US LNG exports.
8Given the typical lead time from FID to first LNG cargo of 5 years, upside on the global LNG supply picture from this point of view is limited and would be confined to:
8Faster than anticipated commissioning periods for existing projects coming onstream over the next five years,
8The successful completion of any new Floating LNG liquefaction projects, whose lead-time might be shorter.
8The successful development of the offshore Egypt Zohr field which has the possibility of negating Egypt’s LNG import requirement, allowing a resumption of LNG exports by around 2020.
Click on Reports for more Details
Maintenance and cleaning work for heat exchangers and condensers will be undertaken
8Shutdown duration is for 7-10 days.
8The lookout is for a contractor to do the job
Click on details for more Details
8Shutdown duration is for 7-10 days.
8The lookout is for a contractor to do the job
Click on details for more Details
