All content in this website is sourced legitimately

Archives

All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.

Mar 2017

Globally, international suppliers of LNG -- from Canada to Australia -- are taking a renewed interest in India.
8More starkly, in April 2016, LNG imports grew by 45 percent as compared to April 2015. The sharp and sustained growth has caused India to become a magnet for international suppliers, and many of them are evolving new strategies for penetrating deep into the local market, not just as suppliers but also as market makers.
8Concomitant with increased imports is terminal capacity increases. A string of investment commitments to terminals along the eastern and western seaboard is set to enhance India’s terminal capacity to three times the present level within a relatively short 5 year time frame.
8In fact, the anticipation is that demand for gas will grow more rapidly in the 2020-25 period on the back of strong economic growth.
8The argument now is that rapid growth in gas demand can be fueled by unlocking constraints of pipeline infrastructure, pricing and contractual rigidities in end use markets, and lack of liquidity in the wholesale gas markets.
8Despite having become one of the largest gas markets in the world, the structural rigidities in the market are very substantial, hindering its growth and making it difficult for international and Indian players to commit investments.
8There is recognition that the lack of liquidity causes high prices, suboptimal use and underinvestment in the sector. There is also a realization that the upstream, midstream and downstream segments can no longer be progressed in isolation.
Click on Reports for more Details
Indian Oil Corporation has earmarked around Rs 2700 crore in the following projects going ahead:
8Paradip-Hyderabad Pipeline: Rs 1095 crore
8Raze and Rebuild of Vizag Terminal: Rs 247 crore
8ToP on Paradip Hyderabad line at Vijayawada for Rs 342 crore
8Constuctuion of grass root POL Depot at Guntakal for Rs 300 crore
8New Lube Complex at Krishnapatnam: 650 crore
8Additional 3x600 Mt. Mounded Storage at Kondapalli BP, Viajyawada: Rs 30 crore
Click on Reports for more Details
Parallel marketing of LPG seems to be a proliferating business.
8LPG is imported and sold to industrial and commercial customers and as Auto LPG
8In all, there are 66 companies which are involved in this business
8Some of them are only selling LPG while other are selling both LPG and Auto LPG
Click on Reports to find out more Details
India's production of petrol is 150% of its consumption, according to data for the period April-December, 2017
8Similarly diesel production is 134% of consumption
8And yet, India imports a reasonably large volume of petrol and diesel
Click on Details for more Details
Now that the Ratna R-Series Fields are back in the hands of ONGC, the company has drawn up big plans for them
8The company has unfolded an investment of Rs 4,104 crore
8An audit report had observed that keeping the discovered hydrocarbon field idle without assigning production rights had led to deferment of domestic production of crude oil and gas from the field from October 2005 to March 2015 to the tune of Rs. 26,200 crore.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Sodium Acid Pyrophosphate Details
8Dig site verification and rectification of anomalies in SMPL-DBL pipeline Details
8Rate contract for the period of 2 years for hiring of support services for O&M of MDPE pipeline & PNG connection Details
8Laying of Underground PE Pipelines above Ground GI Installations including Last Mile Connectivity at consumer end Details
8Appointment of Direct Marketing Agency (DMA) for carrying out PNG activities & services on rate contract basis for the period of 2 years Details
8Packed LPG Transportation to LPG Plant Details
8Providing services for supervision of unloading of Auto LPG at Retail outlets having ALDS facility Details
8Charter Hiring of Services of NG Compressor for Compression of Natural Gas Details
8Process consultant for preparing engineering design package for conversion of HGU1 feed and fuel from Vaporized Naphtha to Natural Gas at refinery Details
8Annual Rate Contract for Operation and Maintenance of Chidambaranar Oil Jetty Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Centre made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16 Details
8India, China should jointly bid for oil, gas fields: Beijing media Details 
8State keen to implement PNG project in five cities Details
8HC breather for refinery in tax battle Details
8Brazil oil union says Petrobras divestment still on hold Details
8India's oil explorer ONGC may shift proposed basin from Tripura to Assam Details
8ONGC to invest Rs 21,500 crore in India's deepest gas discovery by 2023 Details
8Unpaid wages, sackings stir new tension in Nigeria's oil hub Details
8Shell wants to build renewable energy portfolio in India Details
8Laying of much-needed gas pipeline in J&K nobody’s priority Details
8Pipeline project gets moving, finally Details
You can also click on Newsclips for more    Details
8Installation of new storage tanks: EC expected by September, 2017
8A pipeline expansion job is coming up: EC by August, 2017
The expansion includes:
-- Replacement of two pumps and installation of new pumps
-- Installation of new driven pumps 
-- Installation of new 1 LBT of 10,000 KL nominal capacity
8A big refinery expansion is coming up and RFQs for long lead items are to be floated soon
8A common user facility storage and discharge of Petroleum Oil and Lubricant (POL) facility is coming up
-- PFR has been already done.
-- TOR is expected by May, 2017.
-- RFQs are expected later Details
8A 5 MMTA petrochemical complex is coming up
-- EC expected in May, 2017
-- RFQs likely by end of March, 2017
8There is also an expansion taking place in a DHDS unit: RFQS are to be floated by April,2017
8A new product pipeline is coming up and EIL has been appointed as the EPCM. RFQs are in the process of being floated
8A new biomass to ethanol plant is coming up: The lookout is for a technology licensor
Click on Details for more on these projects Details
For reference purposes the website carries here the following tenders:
8Carrying out Electrical Heat Tracing for Pipelines in WHFU and SDU in refinery Details
8Supply of Portable Gas Detectors Details
8Supply of Complete Heat Exchangers in refinery Details
8Procurement of Ammonium Poly Sulphide at refinery Details
8Replacement of corroded section of hydrant pipeline Details
8EOI for Engineering, Procurement, Construction & Commissioning (EPCC) and Finance of Cross Country Pipeline Project Details
8Modification of Pipe Support to prevent corrosion Details
8Procurement of 2106 KG additive Antioxidant PEPQ for LLDPE/ HDPE Unit Details
8Providing Civil Works and Post Rig Building Works at "MDDD" Drill Site Details
8Procurement of Rotary Substitutes for Mehsana Asset Details
8Procurement of Oil Field Chains Details
8Supply of Calibration Gas Mixture Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Oil drops amid rising stocks, dragging on energy shares Details
8Icahn cronyism fits Trump's emerging energy policy Details 
8Oil prices jump after surprise U.S. stock draw Details
8Saudi Arabia says 'committed' to crude oil market stability as oil prices fall Details
8Nod to LNG as auto fuel; LNG fuel pumps to come up: Union Minister Nitin Gadkari Details
8GAIL to launch Gas Distribution Project Details
8Suncor sells cargo of offshore Canadian crude to Indian Oil Corp Details
8India's February exports up by over 17% Details
8Indian Oil to sell 24 percent stake in India JV to Lubrizol Corporation Details
8India to launch second round of bidding for small oilfields next fiscal Details
8Merger talks of ONGC, HPCL on at ministerial level Details
8India imports petrol, diesel from China Details
You can also click on Newsclips for more    Details
The advent of the electric car is seen as big threat to the demand for oil but this is a false assumption, according to new evidence.
8The population of electric vehicles crossed the 1 million mark in 2015, and the world today has 2 million EVs around the world.
8The projection is that the world will have 150 million vehicles in 2040.
8But the point to note however is that 150 million vehicles, for instance, would reduce the oil demand by the rate of only 1.3 million barrels per day.
8And even if goes up to 700 million vehicles, as is ambitiously projected by 2040, it will probably be equivalent to 6 million barrels per day of demand decline.
8In fact, by 2040, a lot larger contribution to lowering consumption will come from the efficiency improvements, to the tune of more than 10 million barrels per day of the demand decline in oil.
8In a short term five-year projections, in the context of global demand breaching the 100 million barrels per day supply, the decline in oil coming from the electric vehicles will by a measly 0.2 million barrels per day.
Click on Reports for more Details
The tightening in the LNG shipping market witnessed through the second half of 2016 is expected to carry through 2017 as significant new volumes from new plants commissioned through 2016 and 2017 will be lifted.
8These cargoes, coupled with an increase in short-term trading, will result in an alteration of the shipping balance as the growth in fleet supply, despite remaining strong, will still be below the
growth in demand for required LNG tonnage.
8The spot chartering activity continued to grow as over 210 fixtures were concluded in 2016, compared with circa 180 in 2015. The outlook this year is bullish for this segment of the market.
Click on our Prices section for our daily coverage of international LNG carrier hire rates. Also click on Reports for a general overview of the global shipping market. Details
The Paris Accord on climate change and its impact on India is a subject of increasing debate within the country
8The fact that we are unprepared to take up the challenge is a known fact
8There is also disagreement over how we handle the negotiation process leading up to the actual measurement and fixation of targets
8The cost of climate change mitigation is estimated at a massive $1.9 trillion at 2007 prices in purchasing power parity dollars till 2030.
Click on Reports to find out more on the issues that are troubling our policy makers and thinkers on the subject of climate change and how to handle the Paris negotiations Details
For reference purposes, the website carries here a string of extremely useful data for the oil and gas as well as the shipping industry
The data includes:
8The world seaborne trade growth in relation to population growth from 1990 to 2030
8The relationship between seaborne trade growth and GDP growth from 1995 to 2030
8The development of the shipping industry, in terms of bulkers, tankers, containers, gas carriers and other carriers, from 1990 to 2016
8New building orders, from 1996 to 2016, at a historic low
8Number of shipping yards with an order of at least one vessel with a DWT of more than 20,000, from 1996 to 2017
8Demolition trends from 1996 to 2016
8Total offshore fleet in terms of mobile offshore drilling, survey ships, OSVs, production and logistics, construction and subsea and the total order book position as of now
8Total number of offshore shipping vessels as of now in different segments and total order book position
8Shipping lending overview by banks between 2010 and 2016
8Freight to earning ratios in shipping cycles and where the world is at this point in the current cycle. The only way is up from here is the prediction
8The urbanization potential of the global population and the attendant economic growth that can come from it
8Infrastructure investment -- China's one-belt one-road initiative can drive investments worth $ 21 trillion while Trumpenomics can add another $ one trillion -- will drive the demand for equipment and services
8US shale trade and an explosion in exports, from 2010 to 2020
8Chinese and Indian seaborne crude oil, LNG and LPG growth, 2010 to 2016
Click on Reports for more Details
A big international bank has come out with its own projections on how oil and gas prices are going to behave in 2017 and 2018
8WTI is expected to average $ 58/bbl in 2017 and reach the $ 61/bbl mark in 2018
8The Nymex natural gas price, which was at an annual average of $ 5.09/mmbtu between 2000-05 and stood at $ 2.55/mmbtu in 2016 will reach $ 3.25 in 2017 before going down to $ 3.15/mmbtu in 2017
Click on Reports for more Details
There is also the big question of how the transportation revolution will have a big impact on demand for oil
8No specific studies have been done yet on how Uber type of services would impact the global demand.
8This would partly replace some demand but will increase overall demand
8The impact of self-driving or automated transportation system would lead to better efficiency of the transportation system.
8But at the same time, it would stimulate the whole transportation demand growth.
Click on Reports for more Details
Which are segments which will see the highest growth in the five year forecast, going up to 2022?
8The transport sector – that’s road, water and air, airplanes – is forecast to lead growth through to the year 2022, and that the transport sector will probably account for about half
of the oil growth projected worldwide.
8The petrochemical sector accounts for roughly one-third of the global oil demand growth.
8Then again, the pending 2020 IMO bunker fuel regulation will likely to trigger the unspecified switch of around 2.5 million barrels per day out of the high-sulfur fuel oil.
Click on Reports for more Details
It is surging Asian demand -- particularly from China and India -- which will eventually have a huge impact on the oil and gas market.
8The voracious Asian appetite is such that even if the Middle East were to send all of its crude to Asia, the continent will still be 1 million barrels per day deficit.
8This in itself a big change from a few years ago, when east of Suez had excess oil, on the upper side, so crude mainly flowed from the east to west.
8But now the east-of-Suez region as a whole will fall into deficit, so this means that even if Middle East sends all of its available crude exports to Asia, the region will still need to import from other regions such as Latin America, Africa, Russia, or Central Asia.
Click on Reports for more Details
For policy planners in Indian companies, crystal gazing into the future has become a serious art. The oil and gas business is no longer a predictable one and having all the facts about what the future has in store has become imperative for large companies to sail successfully in stormy waters.
8A highly credible medium term analysis now claims global oil demand growth is forecast to average about 1.2 million barrels per year, which equates to a net 7.3 million barrels per day of gain between 2016 and 2022.
8And global oil demand will cross the 100 million barrels per day line in 2019, with China and India contributing nearly half, 46 percent of the growth.
8Another important finding is that demand is unlikely to peak anytime soon. The peak demand timeline has been shifted out to an indeterminate time in the future.
8In this context, unless additional E&P projects are going to be sanctioned soon, global oil production will grow by 3.6 million barrels per day from 2016 to 2022.
8Within this supply growth, OPEC capacity growth will be something like 2 million barrels per day.
8It is projected that spare production capacity, in terms of the percentage of the global demand, will fall to less than 2 percent in 2022, and that’s a lot lower than the most recent low of 3.7 percent in 2008, when the world saw the WTI hit $147 per barrel.
8So while prices are expected to remain range bound up to 2020, they may flare up afterwards.
8The point to note is that global oil & gas spending levels remain currently at worrying low levels. And of course it’s not too late to avert the supply crunch, provided the companies start to sanction development work without delay.
Click on Reports for more Details
A Mumbai refinery is looking for site development work
8Along with miscellaneous civil works
-- This is around their LPG yard
-- Work will start in July and they will be on the lookout soon for a contractor
8A refinery is planning a shutdown in its NHT unit.
-- This is a planned shutdown.
This shutdown include these below mentioned work:
-- Removal of top elbow and inlet distributor.
-- Blinding and Deblinding of the reactors
-- Unloading of complete catalyst from the reactor 
-- Cleaning of reactor and loading of new catalyst.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Conversion of 12 Inch DIA IDS-1 to IDS-2 and 4 Inch DIA IDS-2 from Non-piggable to Piggable under Khera Region Details
8Supply of reprocessed GSR catalyst to refinery Details
8Providing management, operations and maintenance services at Liquid Cargo Jetty Details
8Procurement of 12 MT of Di-Ethyl Aluminum Chloride Details
8Annual Rate Contract for procurement of 1200 SCMH Gas Engine Driven CNG Compressors for City Gas Distribution Project Details
8Hiring of Technical Consultant for implementation of City Gas Distribution Project in Agra and Lucknow City Details
8Packed LPG Transportation to various markets attached to Baddi LPG Bottling Plant Details
8Supply of 3 LPE Coated CS Line Pipes for Gas Company Details
8Charter Hiring of Work Over Rig for a period of 12 months for Rajahmundry Asset Details
8Hiring Services for Environmental Monitoring in Exploratory Drilling Locations for a period of 3 years Details
8Charter Hiring of Work Over Rigs for various Onshore work centres Details
8Global LNG-UK gas premium eroded even further in Argentine tender Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Donald Trump expected to announce review of vehicle emissions rules: Sources Details
8Japan PM Abe seeks Saudi support for Aramco listing in Tokyo Details 
8Crude oil hovers near three-month lows as investors await data Details
8Hyundai signs 3 billion Euro deal for Iran oil project Details
8Algeria expects gas exports to surpass 57 bcm target in 2017 - Sonatrach source Details
8European Union: Renewables made up 16.7 per cent of energy mix in 2015 Details
8Disruptive changes to alter oil & gas industry dynamics: ICRA Details
8Coal-bed methane producers may get pricing freedom Details
8Asia recovers its appetite for Oil Details
8New India Assurance bags RIL's Rs 500-crore combined cover Details
8Oil field leases may be extended 4 years before expiry Details
8Oil Ministry moves Cabinet to get RIL, ONGC pricing freedom Details
You can also click on Newsclips for more    Details
The Sabine Pass Terminal in the US has been delivering cargoes since February, 2014
8The second cargo to be delivered out of the terminal was to India but since then its India deliveries have been limited.
8In all, only four cargoes have landed in India in the entire year
8In comparison, deliveries to China were far more in number
Click on Reports for more Details
Exxon Mobil Corp. said it will buy 25 percent of a liquefied natural gas project off Mozambique from Italy’s Eni SpA for about $2.8 billion as the U.S. oil giant expands its worldwide LNG footprint.
8Exxon will buy half of Eni’s 50 percent stake in offshore Area 4, the Irving, Texas-based explorer said in a statement on Thursday. The concession, where Eni discovered gas in 2011, holds an estimated at 85 trillion cubic feet of the fuel.
8Exxon’s purchase price represents a 47 percent discount to what China National Petroleum Corp. paid for one-fifth of the asset in 2013
8This was around the same time that OVL and Oil India Ltd paid a massive $ 5 billion to pick up a 20% stake in the Rovuma Area-1 adjacent to the ENI block. the block has an estimated 65 tcf of gas. This price tag is a little higher than what CNPC had paid for
8Using a rough yardstick, the value of the $5 billion stake is significantly lower now, possibly at half of the original price tag.
8A subsidiary of BPCL also has a 10% stake in the block but that was at a much lower price.
Click on Details for more Details
The conventional wisdom in the LNG industry has been that the market is poised for a period of surplus, leading to depressed spot prices and the potential shutting in of LNG capacity.
8However, there are some possible indicators of a future that does not see the LNG market out of balance in the period to 2025 to the extent previously anticipated.
8Potential supply-side trends, such as the delay of start-ups of new liquefaction capacity and – perhaps – a more rapid decline of production in mature projects, may reduce forecast supply growth, or at least smooth the curve.
8At the same time, the potential for the behemoth markets of China and India to continue to absorb unexpectedly large volumes of LNG, as well as the frequency and pace of new market openings, may indicate a structural underestimation of additional demand growth. Perhaps the LNG market glut, so long predicted, will disappear before it ever starts.
Click on Reports for more Details
The cumulative effect of steadily rising production is likely to be felt in the second half of 2017, especially in the middle of the year, when demand tends to be lower in the dominant markets of the northern hemisphere.
8Provided that new liquefaction capacity projects scheduled for start-up this year go according to plan, Q3 2017 could see total production at 73.8 mt, up 8.7 mt from 65.1 mt in Q3 2016.
8New liquefaction projects scheduled for start-up in Q3 2017 include the 4.45 mtpa Wheatstone Train 1 and Ichthys Train 1 in Australia and the 4.5 mtpa Sabine Pass Train 4 in the US.
8In Q4 2017, start-up is scheduled at Australia’s 3.6 mtpa Prelude, the 5.3 mtpa Cove Point project in the US and Cameroon’s 1.2 mtpa Kribi Floating LNG
8However, reports in recent weeks have indicated that start-up for some of these projects – Gorgon Train 3, Wheatstone, Ichthys and Prelude – may slip into 2018. Even in the event that they do – and at the moment there is only press speculation – their combined contribution to 2017’s production forecast is, at 3.4 mt, a relatively small fraction of this year’s anticipated new production.
8Assuming that start-ups in these Australian projects go as planned, Gas Strategies expects 76.7 mt of total production in Q4 2017, bringing the H2 2017 total to 150.4 mt, up 18.7 mt from the second half of the year in 2016. As a result, total LNG production, including ramp-ups, could stand at 292.3 mt in 2017, compared with 258 mt in 2016. If the Australian projects do slip to 2018, H2 2017 production is forecast at 147 mt and 2017 overall at 288.6 mt.
Click on Reports for more Details
2017 year looks set to be an important one for LNG. Global production is forecast to reach 292 million tonnes this year, marking an increase of 34 million tonnes from 2016 – an unparalleled year-on-year rise.
8The lion’s share of additional production will come from the ramp-up of liquefaction plants commissioned in the US and Australia in 2016, though a fair amount of extra production is also expected from projects scheduled for start-up in 2017.
8But as sellers continue to grapple with an already well-supplied market, the crucial question this year is: will demand grow enough to absorb surplus production volumes as it did in 2016? If not, how will the market balance?
8Spot LNG prices are currently ruling high. A cold snap in Japan, Korea, China and most of Europe boosted demand for LNG. In addition, outages at the Chevron-operated Gorgon LNG export plant in Australia reportedly left long-term contracted buyers with the project short.
8But projections are that around 141.8 mt of LNG to be produced in the first six months of 2017 – an increase of 16.8 mt from the 125 mt produced in the first half of 2016. Out of these additional volumes, liquefaction projects commissioned in 2016 – APLNG Train 2 and Gorgon Trains 1 and 2 in Australia and Sabine Pass Train 2 in the US – are forecast to contribute 8.5 mt. Another 0.9 mt is forecast to come from the start-up of Petronas’ FLNG Satu and Malaysia LNG Train 9 in Q1 2017 – the latter started up in January – while 0.56 mt is expected from the start-up of Sabine Pass Train 3 in Q2 2017.
8Against this extra supply, demand is expected to pick up speed. Malta became the first new LNG importer of 2017, when the 125,000 cm floating storage unit (FSU) Armada LNG Mediterrana received its maiden cargo on 11 January. The gas imported by Malta will feed a new 215 MW combined-cycle gas turbine power plant and an existing 149 MW unit that will be converted to burn gas rather than heavy fuel oil. Maltese LNG demand is currently forecast at 0.3 mtpa.
8By end-June, GasPort is scheduled to finish commissioning Pakistan’s second, 4.4 mtpa FSRU at Qasim, while India also is due to see its 5 mtpa Mundra LNG facility commissioned.
 8Later in the year, LNG receiving terminals also are scheduled to start-up in China – Sinopec’s 3 mtpa Tianjin terminal – as well as Ghana, which will be sub-Saharan Africa’s first import project.
8Assuming that LNG demand remains solid during H1 2017, either from countries going through a colder-than-normal winter, or gas-hungry markets in the Middle East and Asia, a long market is likely to be kept at bay in the first half of 2017.
Click on Reports for more Details
For those interested, the website carries here a detailed report on the construction equipment market in India
8There has been a massive increase in demand
8Equipment-wise sale data is provided, with projections up to 2018
8The key market players have been identified
8Several options available for acquisition of construction equipment are identified for those who are in the market
8The construction equipment financing market is explained in detail as well as the leasing and rental markets
8The challenges have been documented, including low rental penetration, unfavourable regulations, bad collection experiences and lack of easy access
8The upcoming trends in the market are recognized and tabulated
Click on Reports for more Details
How is the demand for gas going to increase against this rise in production in the second half remains a million dollar question.
8It is now assumed that Japanese demand for LNG will continue to decline on the assumption that Japan’s nuclear comeback goes as planned.
8The burden of pushing up demand will fall squarely on China and India.
8China’s imports rose by 33% in 2016, reaching 26 mt, increasing LNG’s share of the Chinese gas market. Some of the growth was due to the programmed start-up of new LNG supply from Australia, boosted by cut-backs in Chinese coal production and cold weather in the latter part of the year. But can the momentum be continued?
8Indian LNG demand was also a major growth area in 2016, with demand in the first three quarters of 2016 at 15.3 mt, up over 38% on the previous year. Indian demand is very price sensitive, with the majority of imports being on short-term and spot bases. How much Indian demand will grow in 2017 will therefore be a function of price. If, as seems quite probable, the build-up of new supply in 2017 causes a fall in LNG spot prices, India may well be one of the markets to profit from that.
8Overall, LNG demand is likely to grow substantially in 2017, but the key test of the global supply balance will be how much LNG ends up in Northwest Europe. As LNG’s market of last resort, it is the only LNG-importing gas market with real liquidity to dispose of a surplus.
8European LNG imports in fact increased by around 6% in the first three quarters of 2016, pretty much in line with the overall global increase in output. But Europe may end up taking a greater share in 2017 of a larger overall increase in output.
8All eyes will be on Q3 ‘17. With so much new production anticipated by H2 ‘17, sellers in over-contracted Asia may have to sink surplus volumes in the liquid markets of Northwest Europe. In that case there will indeed be downward pressure on prices.
8Should this need to sink volumes coincide with low seasonal demand in Europe, it could lead to a significant European price crash, which in turn could cause Asian spot LNG prices to fall back to April 2016’s USD 4/MMBtu levels – or even lower.
Click on Reports for more Details
8GAIL CVO Rajesh Ranjan has resigned. He will now become Addtional Director General, Border Security Force (BSF)
 8A Conference is to be held in Delhi on March 1 on City Gas Distribution in India: Network Growth, Challenges and Opportunities
 8A tender for supply of gas to a fertilizer company has come up, the bids are to be submitted by March 17, 2017
 Click on Reports for more Details
No one is more interested than the Japanese to create an Asian gas price hub because they are witnessed to the huge gap between hub prices and oil indexed prices.
8The Japanese have studied other commodity hubs to find out more on what it takes to create a gas hub in India
8The role of the government is of particular importance, a series of Japanese papers have concluded
8All of this makes interesting reading for our policy makers as India's appetite for LNG goes up and there are those here who believe that India too can one aspire to have a gas hub of its own
Click on Reports for more Details
8Eagle LNG has filed an FERC application for the Jacksonville LNG project
8An LNG fueled vessel has been delivered recently. The vessel is 212 m long, and is capable of carrying 2800 passengers and 800 passenger vehicles.
8Mitsui O.S.K. Lines (MOL) has announced that it has reached an agreement to launch a joint study of an LNG-fuelled Capesize bulker with five other companies.
8I.M. Skaugen SE has announced it signed long-term contracts for the time charter of three Multigas (MG) vessels for a project representing a ‘proof of concept’ of its small scale LNG logistics solutions (SSLNG)
8Excelerate Energy has announced that it is prepared to help a consortium of Engro, Fatima and Shell to deliver a proposed floating LNG terminal and second floating storage and regasification unit (FSRU) to the Pakistan market.
8Wison Offshore & Marine has released a statement claiming that the world’s first barge-based floating storage and regasification unit (FSRU) has successfully undocked from the
 company’s dry-dock in Nantong, China.
8A detailed status report on how the East Mediterranean gas market has changed over the last 10 years, with particular focus on Egypt, Israel and Cyprus.
Click on Reports for more Details
An ambitious project involving LNG and LPG import facilities along with an attendant captive jetty and breakwaters is coming up, incolving:
8LNG Capacity of 11 MMTPA (Phase I - 5.5 MMTPA, Phase II - 5.5 MMTPA) and Floating Storage Unit (FSU), Land based Storage Tanks (240000 m3 each in 2 stages) and Truck Loading Terminal (12 Bay)
8LPG capacity of 2 MMTPA (Phase I - 1.0 MMTPA, Phase II - 1.0 MMTPA) with Offshore and Onshore Storage Tanks
8The investment is pegged at Rs 2800 crore
8The Regasified LNG will be supplied, among others, to Konaseema Gas Power Limited of 445 & 820 MW capacity located in Ravulapalem, near Rajahmundry, East Godavary District, Andhra Pradesh and also to the gas based power generation plants of GMR's  Vemagiri (370 MW) plant and its barge-mounted (237 MW) unit, GVK’s Jegrupadu Extension (220 MW), Gauthami (464 MW) and Lanco’s Kondapalli Stage-II (366 MW)
8The GAIL pipeline network will be used to transport the gas.
Click on Reports as well as on Details for more Details
While ENI has sold its stake to Exxon Mobil, OVL and OIL have no other option but to wait out the under valuation.
8A year ago, the suggestion was that the the Mozambique project is unlikely to go on stream before 2025 when demand for LNG picks up but the current demand-supply projections are more bullish, with the balance turning after 2020 instead of 2025.
8The fact that Exxon Mobil has shown interest in an adjacent project is indicative of this trend.
8The problem however with OIL and OVL is that they paid a $ 5 billion premium for the stake and then they have to shell out their share of the the $ 20 billion development cost of the massive project in which Anadarko Petroleum is the operator.
8It will be a long time, if at all, before the two Indian companies can ever turn out a positive IRR on the project.
Click on Details for more Details
New LPG bottling plant
8New LPG bottling is coming up : EC is expected September,2017
8Total cost of the project is Rs. 126 Crore
Maintenance work is coming up: RFQs will floated by May, 2017
8A shutdown is coming up in a major refinery
8Repairs and maintenance of insulation works at cokers, AVUs and other units are likely
8They are currently looking for a contractor for the project
8RFQs for equipment will up by May, 2017
Click on Details for more Details
ONGC has commenced a three-well exploratory drilling programme in an onland block
8The drilling contracts have already been awarded and well are expected to be drilled by March, 2017
8Will this eventually turn into production drilling?
8Stay in touch with key contacts in this block for future RFQs likely in 2018 Details
Land leveling work is going on for a 5 MMTPA Floating Storage Unit
8The cost of the project is Rs 1000 crore
8The RFQs for mechanical works are going to be revealed by the company in the second quarter of 2017
Click on Details for key contacts Details
For reference purposes the website carries here the following tenders:
8Expression of Interest for undertaking feasibility studies for City Gas Distribution Projects Details
8Supply and Installation of IR Based Gas Detectors Details
8AMC and Onsite Support for G&G Data Centre Details
8Supply of 150 MT of Sulphuric Acid in staggered basis for a period of two years Details
8Procurement of Stand Alone Type Transportable Multi Gas Monitor Details
8Procurement of Electrical Cable Glands and Lugs for LNG Details
8Supply of Natural Gas/ RLNG for Non-Urea activity Details
8Supply of Re-Gasified LNG Details
8Supply, Laying and Construction of Natural Gas Pipeline along with associated facilities for Pipeline Project Details
8Appointment of Project Management Consultants as Owner Project Consultants for FSRU Based LNG Terminal Details
8Supply of Multistep Globe Control Valves for VGO-HDT UNIT for BS-IV Project Details
8Supply of Hydrogen Gas Responder in refinery Details
8Tender for foot patrolling of pipelines of Cauvery Basin Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8ONGC puts two oil wells discovered in Assam on production Details
8India’s oil consumption fell 3 per cent in February Details 
8Pay Rs 10,000 crore, Tax Tribunal tells Cairn UK Details
8Vertical integration will boost financial power of Indian oil firms: Oil India CMD Details
8Oil edges off 3-month low but glut worries persist Details
8Crude oil prices hit 3-month low as US rig count climbs despite OPEC efforts to cut output Details
8Suncor Energy says to take days to restore ops after Colorado refinery outage Details
8Spending binge can kill US shale companies: Continental Resources Chief Details
8Iran leapfrogs Iraq as India's number 2 crude oil supplier in Feb: Trade data Details
8Policy pill for crude output Details
8Despite high petrol & diesel rates, Centre has no plans to reduce taxes Details
You can also click on Newsclips for more    Details
For reference purposes the website carries here the following tenders:
8Supply of Sulphur Absorption and Chloride Guard Catalyst Details
8Providing Epoxy Filled Ceramic Pad at Pipeline Support in offsite area Details
8Procurement of Butterfly & Non Return Valves Details
8Global Expression Of Interest for provisioning of SPM Terminal Operations at Ravva Block Details
8Supply of Pressure Safety Valves to refinery Details
8Supply of Spares of Gas Compressors Details
8Underground scanning by Ground Penetrating Radar Method for BS VI facilities at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Dharmendra Pradhan meets US energy secretary, discusses LNG deal Details
8ONGC arm OPal starts exports from Rs 30,000 crore Dahej plant to Singapore Details 
8Oil executives cautiously optimistic about Donald Trump policies Details
8India, U.S. discuss energy cooperation, LNG exports, shale investments Details
8Manufacturing biggies ask vendors to pass on the benefits of GST regime Details
8India sees new opportunities in Trump’s energy policy Details
8Pune set to get 5 kg, 10 kg LPG gas cylinders courtesy Reliance gas Details
8Oil prices slide more, U.S. crude below $50 Details
8Oil India Limited signs MoU with University of Houston for augmenting reserves base Details
8Oil giant in the making: ONGC may ink one of the biggest PSU M&As in 2017-18 to buy HPCL Details
8RIL shares worth Rs 50,000-cr change hands on BSE Details
You can also click on Newsclips for more    Details
India as a signatory of the Paris Agreement will require transformative technologies, policies and measures to stabilize warming in the range 1.5–2-C.
8Operationalization of the Agreement would necessitate large-scale estimation, monitoring, modelling, reporting and verification of GHG inventories along with mitigation measures.
8India being the fourth largest economy and the third largest emitter of GHGs will be required periodically to report on the progress made on mitigation and adaptation, GHG emissions reduced and tonnes of carbon sequestered compared to an established baseline scenario
8The problem is India is ill prepared to under take such large-scale research at this point in time.
8The country lacks that data requirement and technical capacity for reliable GHG inventory and mitigation assessment.
Click on Reports for a comprehensive write-up on the subject. Details
An independent modeling exercise was done on likely gas demand possibilities in the year 2040 using the Indian Energy Security Scenarios (IESS) model developed by NITI Aayog and the Work Energy Project Systems model developed by the IEA in the US
8Under one scenario, natural gas demand goes up from 50 BCM in 2015 to anywhere between 191-267 BCM by 2040
8The other alternative throws up a slightly different demand range
8There are a couple projections that also look at a demand of between 378-418 BCM but they are taken as outliers as the gas price assumed is just $8-9/mmbtu whereas the more realistic price is assumed to be $ 14-18/mmbtu
Click on Reports for more Details
Amidst rising criticism, recycling shipyards in India, Bangladesh and Pakistan have announced plans to spruce up their environmental footprint.
8Many of the shipyards are investing money to keep their shipyards "clean"
8Some shipyards in India are now following the "no bleaching" rule.
8Recyclers are now keen to project an eco-friendly image
Click on Reports for more Details
The newbuilding shipping market has seen a fair amount of activity recently.
8In the Dry Bulk sector, Pan Ocean announcing an order for a series of five firm 63,000 DWT Open Hatch Bulk / Pulp Carriers at Jiangsu New Yangzijiang. These vessels are set for delivery from the end of 2018 through to 2020 and are reported to be contracted against 15-year consecutive voyage contracts with Fibria. Pricing has been announced at approx. USD 29.2 million per vessel.
8In Tankers, it has come to light that Shin Kurushima has won an order for two firm 35,500 DWT SUS Tankers but from an unknown Japanese owner. Delivering in 4Q 2018 and 1Q 2019 respectively, these two vessels will go on a long time charter to Odfjell.
8In China meanwhile, Jiangsu Dajin have announced an order for one 7,000 DWT IMO-II Chemical Tanker from an unknown owner for delivery in 1Q 2018.
8In the container market, COSCO have announced that have secured an order for three firm plus three optional 1,750 TEU Container Carriers. These are understood to have been contracted by Lomar for delivery throughout 2019 and 2020 from COSCO’s Guangdong facility. Lomar already have an order for three units at COSCO Guangdong for delivery in 2019.
8Finally in Gas, DSME have announced an order for two firm plus two optional 173,400 CBM LNG carriers from an undisclosed European owner. The delivery for the firm two units is scheduled to be within 2019 from Okpo.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Supply of EL-O-Matic Spares for Actuator Valves Details
8Procurement of Seamless pipes for BS VI Project Details
8Design and Engineering services for Ongoing Jobs Process Schemes and Trouble Shooting at refinery Details
8Hydrotesting of 24 inch, 22 inch and 18 inch pipelines Details
8Supply, Installation and Commissioning of additional sensors of Gas Monitoring System in view of Bottling capacity Augmentation at LPG Bottling Plant Details
8Supply of Pressure & Temperature Guages & Heavy Duty Pressure Gauges Details
8Procurement of Rotary Substitutes Details
8Supply of Carbon Steel fittings as per technical specification refinery Details
8Procurement of Additive Calcium Stearate for LLDPE/ HDPE Unit Details
8Permanent cathodic protection works for Pipeline Replacement Project Details
8Annual Rate Contract for supply of Refrigerant Gas Cylinders Details
8Italy's 15-cargo LNG buy tender attracts competitive bids Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Crude prices fall on U.S. stocks build Details
8Italian gas group Snam lifts spending to boost profit Details 
8Aadhaar made must for free LPG connections too under Pradhan Mantri Ujjwala Yojana Details
8Italy's 15-cargo LNG buy tender attracts competitive bids Details
8Alaska underwater pipeline leak may have started in December Details
8Oil imports lift U.S. trade deficit to near five-year high posing challenge for Trump administration Details
8Income Tax department lifts freeze on Cairn dividend payout,stake bar stays Details
8Vedanta to increase women representation on board to 33 per cent by 2020 Details
8OPEC compliance with crude oil output cuts exceed target: Kuwaiti oil minister Details
8CERAWEEK-Oil majors still years from repairing balance sheets after price war Details
8Contractors sharing a common reserve will have to develop the oil field jointly: Govt Details
8UAE to accelerate oil production cuts by June: Energy minister Details
8Government to offer incentives to companies keen on developing oil and gas blocks Details
8Narendra Modi govt’s target of 20% gas energy mix by 2025 set to hit high-cost hurdle Details
You can also click on Newsclips for more    Details
8BS-IV project and Refinery maintenance work: RFQS will be floated by April, 2017
8Installation new storage tank in Oil terminal: EC expected by September, 2017
8DHDS unit shutdown is coming up: RFQ expected by November, 2017
8New LPG Bottling Plant is coming up: TOR expected by May, 2017
Click on Reports for more Details
It has now become compulsory to mention whenever a consortium is bidding to indicate in the unpriced bid the percentage of work to be done by each member
8Each member should individually meet the financial criteria parameters in proportion to the work performed
8But here again, the condition is that the leader of the consortium must have a minimum of 50% (of the annualized bid value) of the turnover, networth and working capital specified and 20% for other members of the consortium
8If in a tender, there is no specific condition to allow bidders to quote for a part quantity, then the bidder should meet the financial criteria required for the item, category and group as a whole
8This condition will not be applicable for OEM/PAC and nomination purchases as well as for consultancy services.
Click on Reports for more Details
If a bidder is not able to meet the financial criteria, he can ride piggyback on the financial capability of a supporting company under the following conditions:
8The supporting company should hold more than 50% of the paid up capital of the bidder
8The supporting company by itself fulfills the financial criteria for the BEC
8Supporting company furnishes 50 of the PBG
8In such cases the financial parameters of the supporting company will be used for financial criteria evaluations.
Click on Reports for more Details
ONGC has come out with a new set of guidelines for ascertaining the financial capability of its bidders in different tenders
In all procurements:
8Turnover of the bidders for goods should be 30% of the bid value and for LSTK contacts, it will be 30% of the bid value
8The networth of the bidder will have to be positive and to be eligible for LSTK and service contracts, the networth should not be less than 15% of annualized bid
8The working capital should also be 15% of the annualized bid value
8The debt equity ratio of a bidder for LSTK contracts should not be more than 2:1
8The turnover for evaluation will be the average of two years.
Click on Reports for more Details
Get a full lowdown on the crude oil market fundamentals
8Also get a full briefing on product market fundamentals
8The natural gas market continues to garner minimal support from an outage in Norway, but that news is offset by another increase in US rig operating counts at the end of last week.
8However the trend is positive for gas prices at this moment
Click on Reports for more Details
A Further Fund Offer Round 2 for purchase of public sector shares has been launched.
8The proceeds of the FFFO will be utilized to purchase of the shares of public sector companies as represented in the Nifty CPSE Index
Click on Reports for full details Details
LNG spot prices, which rose from around US$4/mmbtu in the first half of 2016 to around US$9/mmBtu in December 2016 driven by seasonal and supply issues, are now back to US$6.50/mmBtu level
8But long term LNG market fundamentals remain strong as:
– Buyers continuing to enter into long term SPAs
– Consistent with recent oil price appreciation, LNG short and long term pricing strengthening
– Oil linked pricing prevalence continues to be default in new long term contracts
8These factors are seen as positives by LNG terminal owners even though the market is likely to remain over supplied up to early 2020s.
8For a gas consuming nation such as India and for those who are involved in the supply business, it is important to see the perspective from the point of view of a terminal owner.
8The owner has been in production for some years and has made good money in 2016 despite a 33% lower realized LNG and gas prices.
Click on Reports to know more Details
For reference purposes, the website carries here the Draft Comprehensive Action Plan for Air Pollution Control in the NCR, including states of Haryana, Rajasthan and UP.
8This is detailed plan and has implications for both gas and liquid fuel suppliers
8Immediate and medium as well long term actions plans are chalked out
8There are strategies to reduce vehicular numbers, use of non-motorized networks, and action against power plants and industries.
8Stricter standards are to be set for generator sets. More importantly, approved fuel will have to be used
8Institutional arrangements are also set out
8Graded action plan according to pollution levels is also laid out
Click on Reports for more Details
 < 1 2 3 4 > 

Showing 101–150 of 196 items