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Mar 2017
For reference purposes the website carries here the following tenders:
8Civil works at drill site LPEN in North Bank area Details
8Gas Sale from Kasomarigaon field of Jorhat Asset Details
8Gas Sale from Borholla field of Jorhat Asset Details
8Gas Sale from Nambar field of Jorhat Asset Details
8Gas Sale from Khoraghat and Nambar fields of Jorhat Asset Details
8Carrying out Extended Hot Gas Path Inspection of GT#3 in refinery Details
8Supply, Installation and Commissioning of Level Transmitters for refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Crude oil inches up in futures trade Details
8China's Zhenhua Oil setting up Singapore trading office -sources Details
8NGT asks oil companies to stop plying BS-I, BS-II vehicles in NCR Details
8Oil steady on Libya disruptions, bloated U.S. stockpiles Details
8Vedanta approves annual dividend of Rs 6,580 crore Details
8Abu Dhabi's TAQA reports $5 bln loss due to oil and gas impairment Details
8Vedanta Resources extends CEO Tom Albanese's contract by five months Details
8Vedanta appoints K Venkataramanan as independent non-executive director Details
8India well placed to weather some risks to export outlook: Economist Shilan Shah Details
8BPCL, ONGC pip Reliance in overseas fundraising Details
You can also click on Newsclips for more Details
8Civil works at drill site LPEN in North Bank area Details
8Gas Sale from Kasomarigaon field of Jorhat Asset Details
8Gas Sale from Borholla field of Jorhat Asset Details
8Gas Sale from Nambar field of Jorhat Asset Details
8Gas Sale from Khoraghat and Nambar fields of Jorhat Asset Details
8Carrying out Extended Hot Gas Path Inspection of GT#3 in refinery Details
8Supply, Installation and Commissioning of Level Transmitters for refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Crude oil inches up in futures trade Details
8China's Zhenhua Oil setting up Singapore trading office -sources Details
8NGT asks oil companies to stop plying BS-I, BS-II vehicles in NCR Details
8Oil steady on Libya disruptions, bloated U.S. stockpiles Details
8Vedanta approves annual dividend of Rs 6,580 crore Details
8Abu Dhabi's TAQA reports $5 bln loss due to oil and gas impairment Details
8Vedanta Resources extends CEO Tom Albanese's contract by five months Details
8Vedanta appoints K Venkataramanan as independent non-executive director Details
8India well placed to weather some risks to export outlook: Economist Shilan Shah Details
8BPCL, ONGC pip Reliance in overseas fundraising Details
You can also click on Newsclips for more Details
Just for reference purposes, the website carries here the main framework under which it regulates the price of LPG in the country.
8The subsidy element is revised in keeping with international LPG prices.
8LPG prices have gone up over the last six months
8Accordingly, the subsidy has been modulated, while allowing for a rise in the retail selling price of LPG.
Click on Reports for a relative set of price tables to understand how this happens Details
8The subsidy element is revised in keeping with international LPG prices.
8LPG prices have gone up over the last six months
8Accordingly, the subsidy has been modulated, while allowing for a rise in the retail selling price of LPG.
Click on Reports for a relative set of price tables to understand how this happens Details
Indian policy makers need to look carefully at methanol to olefins (MTO) as an alternative to the naphtha cracking route.
8Methanol is now increasingly used worldwide for fuel blending.
8While LNG is being pushed as an alterative to high sulphur fuel oil, methanol provides a viable alternative in the context of IMO's reduced sulphur limits beginning from 2020.
8In China industrial boilers are now increasingly replacing use of coal with methanol.
8The website carries here the cost economics of methanol over other substitutes.
8High priced gas in India may make it an unviable option but alternative renewal energy routes are clearly available.
Click on Reports for more Details
8Methanol is now increasingly used worldwide for fuel blending.
8While LNG is being pushed as an alterative to high sulphur fuel oil, methanol provides a viable alternative in the context of IMO's reduced sulphur limits beginning from 2020.
8In China industrial boilers are now increasingly replacing use of coal with methanol.
8The website carries here the cost economics of methanol over other substitutes.
8High priced gas in India may make it an unviable option but alternative renewal energy routes are clearly available.
Click on Reports for more Details
LPG vessel fleet owners, particularly in the very large gas carrier (VLGC) segment, has been facing very difficult times of late.
8For a large LPG importer like India, it is important to understand the dynamics of this business for future planning.
8There is a surplus of vessels in the market and VLGC rates have fallen by 75% YOY in 2016, leading to a 23% reduction in secondhand prices
8The VLGC fleet has grown by 43 ships or 22% while arbitrage has collapsed to $91/ton from $240/ton in the past year
8But hope stems from the fact that the global VLGC trade has grown by 7 MT or 12% with China (29%) and Korea (20%) driving import growth
8An LPG carrier "heat map" carried here shows the global trade in the product in its true perspective
8VLGC earnings are near the 15-year historical low as a proportion of the cargo value
8Over the last 16 years, VLGCs have shown poor aggregate investor returns
8Due to prolonged periods of lower freight rates, VLGCs have frequently operated below breakeven levels
8Demand has been very strong with 3 consecutive years of more than 15% but unfortunately, so has fleet growth
8With demand likely to grow strongly, what is the future in the VLGC segment?
Click on Reports to find out more Details
8For a large LPG importer like India, it is important to understand the dynamics of this business for future planning.
8There is a surplus of vessels in the market and VLGC rates have fallen by 75% YOY in 2016, leading to a 23% reduction in secondhand prices
8The VLGC fleet has grown by 43 ships or 22% while arbitrage has collapsed to $91/ton from $240/ton in the past year
8But hope stems from the fact that the global VLGC trade has grown by 7 MT or 12% with China (29%) and Korea (20%) driving import growth
8An LPG carrier "heat map" carried here shows the global trade in the product in its true perspective
8VLGC earnings are near the 15-year historical low as a proportion of the cargo value
8Over the last 16 years, VLGCs have shown poor aggregate investor returns
8Due to prolonged periods of lower freight rates, VLGCs have frequently operated below breakeven levels
8Demand has been very strong with 3 consecutive years of more than 15% but unfortunately, so has fleet growth
8With demand likely to grow strongly, what is the future in the VLGC segment?
Click on Reports to find out more Details
Iran's proven gas reserves stand at 34 trillion cubic meters, making it the largest known source of gas in the world
8The South Pars field is the largest gas field in the world, and makes up 50 percent of Iran’s gas reserves. Shared with Qatar and only separated by a maritime border, the giant field was discovered in 1971 but only commenced production in Iran in 1989, after the war.
8Eventually Iran will have to emerge as the largest player in the global gas and LNG business
8But that will of course depend on whether Iran can do the following three things: set the correct terms in its IPCs to convince international investors of the potential opportunity, conduct internal reforms to better facilitate project approval and delivery, and attract and retain the required knowledge and skill for the sustainable operational development of the industry.
8It remains important for India to stay focused on tapping into the Iranian E&P sector at any cost
8This website foresees a potential business development market in Iran though the country, like Russia, is a difficult one to do business with for indigenous Indian equipment and service companies such as L&T an EIL.
Click on Reports to find out more on what is going on in the Iranian oil and gas sector Details
8The South Pars field is the largest gas field in the world, and makes up 50 percent of Iran’s gas reserves. Shared with Qatar and only separated by a maritime border, the giant field was discovered in 1971 but only commenced production in Iran in 1989, after the war.
8Eventually Iran will have to emerge as the largest player in the global gas and LNG business
8But that will of course depend on whether Iran can do the following three things: set the correct terms in its IPCs to convince international investors of the potential opportunity, conduct internal reforms to better facilitate project approval and delivery, and attract and retain the required knowledge and skill for the sustainable operational development of the industry.
8It remains important for India to stay focused on tapping into the Iranian E&P sector at any cost
8This website foresees a potential business development market in Iran though the country, like Russia, is a difficult one to do business with for indigenous Indian equipment and service companies such as L&T an EIL.
Click on Reports to find out more on what is going on in the Iranian oil and gas sector Details
India has not looked at methanol as an option to cater to some of its energy needs whereas China has made big strides in this direction.
8New uses for methanol -- such as methanol to olefins (MTO), bio-diesel, fuel blending, DME (as replacement for LPG) and as a marine fuel -- now account for 45% of total methanol consumption worldwide as against its traditional uses, which were to make acetic acid, formaldehyde, silicone and methyl methacrylate.
8Demand for methanol is now expected to outpace supply, with the biggest surge in demand expected out of China in the MTO segment.
8Methanol is primarily made from natural gas though a bio mass route is also a viable option. Low price of gas in relation to crude creates an incentive to make methanol. Energy applications emerged post 2008 when the ratio of oil $/bbl and natural gas $/mmbtu prices exceeded 15:1 (current ratio is 22:1).
Click on Reports for more Details
8New uses for methanol -- such as methanol to olefins (MTO), bio-diesel, fuel blending, DME (as replacement for LPG) and as a marine fuel -- now account for 45% of total methanol consumption worldwide as against its traditional uses, which were to make acetic acid, formaldehyde, silicone and methyl methacrylate.
8Demand for methanol is now expected to outpace supply, with the biggest surge in demand expected out of China in the MTO segment.
8Methanol is primarily made from natural gas though a bio mass route is also a viable option. Low price of gas in relation to crude creates an incentive to make methanol. Energy applications emerged post 2008 when the ratio of oil $/bbl and natural gas $/mmbtu prices exceeded 15:1 (current ratio is 22:1).
Click on Reports for more Details
Is anyone in India thinking of converting their ships into LNG propulsion?
8The website carries here an account of how that can be done.
8Cost of conversion is prohibitive though returns on investments can be positive
8There are massive design implications too
8Fueling will be a problem in India which has inadequate infrastructure
8But nevertheless it is a proposition worth giving some thought to, given that tightening of emission norms will hasten the move towards use of cleaner bunkering fuels.
Click on Reports for more Details
8The website carries here an account of how that can be done.
8Cost of conversion is prohibitive though returns on investments can be positive
8There are massive design implications too
8Fueling will be a problem in India which has inadequate infrastructure
8But nevertheless it is a proposition worth giving some thought to, given that tightening of emission norms will hasten the move towards use of cleaner bunkering fuels.
Click on Reports for more Details
Coal is still an affordable fuel for a developing country like India and even if it seems to currently be in a happy position with an increase in domestic supply and stagnant demand, projections show India as the largest contributor to incremental sea borne coal import demand up to the year 2030
8Sea borne thermal coal demand will continue to rise even as the Chinese appetite for coal slows down dramatically.
8Everyone speaks of a cut in E&P spending but global capital spending for coal declined 13% in 2015. In 2016, capital expenditure declined by 9% to $27 billion due to further projects push back.
8Coal prices have made a surprising recovery from around $40 in 2015 to over $100 pre tonne now.
8What is going on with the market?
Click on Reports to find out more Details
8Sea borne thermal coal demand will continue to rise even as the Chinese appetite for coal slows down dramatically.
8Everyone speaks of a cut in E&P spending but global capital spending for coal declined 13% in 2015. In 2016, capital expenditure declined by 9% to $27 billion due to further projects push back.
8Coal prices have made a surprising recovery from around $40 in 2015 to over $100 pre tonne now.
8What is going on with the market?
Click on Reports to find out more Details
Following business development opportunities are coming up
8Shutdown in oil refinery: RFQs will be floated by May, 2017
8Maintenance work in petrochemical complex: RFQs floated by end April, 2017
Click on Details for more Details
8Shutdown in oil refinery: RFQs will be floated by May, 2017
8Maintenance work in petrochemical complex: RFQs floated by end April, 2017
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Corrigendum: Pipeline Route Survey for the project jumper pipeline between IOCL, KDPL and OPAL pipeline Details
8Global Expression of Interest for Supply of Natural Gas Compressor Package for RDG Gas Development Project Details
8Two Years Rate Contract of Repair Refurbishment of Gas Turbine Components for refinery Details
8Procurement of Ultrasonic Flare Flow Meters Details
8Laying of Steel Pipeline Network for City Gas Distribution Projects Details
8Pre-paid smart meters with Automated Meter Reading system for PNG Domestic Customers Details
8Rate Contract for SS Tube Laying and related Mechanical Works at CNG Stations Details
8Supply of Sodium Chloride at refinery Details
8Procurement of SS Valves for City Gas Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOC pact for supplies until March 2022: To keep China in check, India seals cooking gas supply deal with Nepal Details
8Indian oil majors prepare for electric vehicle boom Details
8Oil rises on Libya disruption, likely extension to OPEC output cut Details
8Vietnam's Jan-March crude oil exports fall 15.8 pct y/y - govt Details
8Oil rises on Libyan supply disruptions, likely OPEC output cut extension Details
8BP to sell more refineries and sharpen focus on retail outlets Details
8After six decades, U.S. set to turn natgas exporter amid LNG boom Details
8Eni CEO says Mexico oil find likely bigger than estimates Details
82016-17 in review: A record year for M&A deals Details
8RIL completes sale of 76% stake in African firm to Total Details
8Shell India, Bharat Petroleum may tie up for Singapore energy trading Details
8India's ONGC may join development of Dolginskoye oil field in Russia Details
8OilMin tweaks norms for allotment of gas agencies,petrol pumps Details
8Four Key Bills on GST get Lok Sabha Green Signal: Decks cleared for July rollout of uniform tax regime Details
You can also click on Newsclips for more Details
8Corrigendum: Pipeline Route Survey for the project jumper pipeline between IOCL, KDPL and OPAL pipeline Details
8Global Expression of Interest for Supply of Natural Gas Compressor Package for RDG Gas Development Project Details
8Two Years Rate Contract of Repair Refurbishment of Gas Turbine Components for refinery Details
8Procurement of Ultrasonic Flare Flow Meters Details
8Laying of Steel Pipeline Network for City Gas Distribution Projects Details
8Pre-paid smart meters with Automated Meter Reading system for PNG Domestic Customers Details
8Rate Contract for SS Tube Laying and related Mechanical Works at CNG Stations Details
8Supply of Sodium Chloride at refinery Details
8Procurement of SS Valves for City Gas Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOC pact for supplies until March 2022: To keep China in check, India seals cooking gas supply deal with Nepal Details
8Indian oil majors prepare for electric vehicle boom Details
8Oil rises on Libya disruption, likely extension to OPEC output cut Details
8Vietnam's Jan-March crude oil exports fall 15.8 pct y/y - govt Details
8Oil rises on Libyan supply disruptions, likely OPEC output cut extension Details
8BP to sell more refineries and sharpen focus on retail outlets Details
8After six decades, U.S. set to turn natgas exporter amid LNG boom Details
8Eni CEO says Mexico oil find likely bigger than estimates Details
82016-17 in review: A record year for M&A deals Details
8RIL completes sale of 76% stake in African firm to Total Details
8Shell India, Bharat Petroleum may tie up for Singapore energy trading Details
8India's ONGC may join development of Dolginskoye oil field in Russia Details
8OilMin tweaks norms for allotment of gas agencies,petrol pumps Details
8Four Key Bills on GST get Lok Sabha Green Signal: Decks cleared for July rollout of uniform tax regime Details
You can also click on Newsclips for more Details
Crude oil prices dropped for a third week in a month, as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated the measures are not working yet. U.S. supply glut and increased drilling activity continued to counter output cuts by OPEC and other producers. OPEC has indicated that will extend cuts if stockpiles are still above their 5-year average.
8In the crude market, VLCC rates in the AG dropped substantially after a relet VLCC that was ex dry dock fixed at well below market levels. First decade cargo volumes do not appear to be substantially lower, but sentiment turned sour. In May OPEC will meet to decide over the extension of supply cuts, but so far the first cut has not significantly affected cargo volumes yet.
Click on Reports for more Details
8In the crude market, VLCC rates in the AG dropped substantially after a relet VLCC that was ex dry dock fixed at well below market levels. First decade cargo volumes do not appear to be substantially lower, but sentiment turned sour. In May OPEC will meet to decide over the extension of supply cuts, but so far the first cut has not significantly affected cargo volumes yet.
Click on Reports for more Details
Who says small private E&P players cannot make good money in India
8Focus Energy is one example, with its developments in Rajasthan, and HOEC is another in Assam
8HOEC is currently a favorite of industry watchers.
8The immediate focus is on monetizing its gas field in Assam, improving the recovery factor in Cambay marginal fields and reviving PY3 via integration of PY1 and PY3 fields. The company is also focused on building a portfolio of marginal fields – it won bids for two fields in the recently concluded Discovered Small Fields (DSF) round 2016.
8The company has drilled and completed four wells so far, and approval to drill two more have come for its Assam block. HOEC is constructing a 12” pipeline. It is expected to be completed by June 2017, with gas transmission capacity of 40mmscfd.
8More importantly, the company has a debt-free balance sheet with Rs 204 crore of cash and equivalents
Click on Reports to find out more Details
8Focus Energy is one example, with its developments in Rajasthan, and HOEC is another in Assam
8HOEC is currently a favorite of industry watchers.
8The immediate focus is on monetizing its gas field in Assam, improving the recovery factor in Cambay marginal fields and reviving PY3 via integration of PY1 and PY3 fields. The company is also focused on building a portfolio of marginal fields – it won bids for two fields in the recently concluded Discovered Small Fields (DSF) round 2016.
8The company has drilled and completed four wells so far, and approval to drill two more have come for its Assam block. HOEC is constructing a 12” pipeline. It is expected to be completed by June 2017, with gas transmission capacity of 40mmscfd.
8More importantly, the company has a debt-free balance sheet with Rs 204 crore of cash and equivalents
Click on Reports to find out more Details
Traction in Inland Waterway projects will open up several business opportunities for the port sector players
8This segment will continue to provide reasonable growth opportunities and investor sentiment is likely to remain strong, according to one assessment.
8Meanwhile, contracts have already been awarded for the Jal Vikas Marg project that envisages the development of a fairway with a depth of three metres on the Ganga between Allahabad and Haldia. The infrastructure is being develop to transport around 17 million tonnes annually by 2020
8Business development managers can look at this segment for opportunities
Click on Reports for more Details
8This segment will continue to provide reasonable growth opportunities and investor sentiment is likely to remain strong, according to one assessment.
8Meanwhile, contracts have already been awarded for the Jal Vikas Marg project that envisages the development of a fairway with a depth of three metres on the Ganga between Allahabad and Haldia. The infrastructure is being develop to transport around 17 million tonnes annually by 2020
8Business development managers can look at this segment for opportunities
Click on Reports for more Details
Comprehensive data is also given of liquefaction and regasification terminals around the world
8In 2016, global liquefaction capacity increased by 36 MTPA to reach a total nameplate capacity of around 340 MTPA at year-end.
8In 2016, global regasification capacity reached 830 MTPA at year-end.
8Detailed country-wise synopsis of liquefaction capacity is give here. Four new countries joined the ranks of importers during the year: Colombia, Finland, Jamaica and Poland. Eleven new terminals were commissioned, adding a combined 32 MTPA of new regasification capacity.
8Data is given here of all liquefaction plants at the end of 2016 in terms of country, site, number of trains, nominal capacity, number of tanks, total capacity, owners, operators, long term buyers for each and start-up date
8Data on regasification terminals is given in terms of country, site, number of storage tanks, total capacity, number of vaporizers, nominal capacity, owner, operator, third party access, series offered, start-up date of the terminal
8Also given here are the LNG characteristics for every LNG terminal in terms of nitrogen, methane, ethane, propane C4+ content
Click on Reports for more Details
8In 2016, global liquefaction capacity increased by 36 MTPA to reach a total nameplate capacity of around 340 MTPA at year-end.
8In 2016, global regasification capacity reached 830 MTPA at year-end.
8Detailed country-wise synopsis of liquefaction capacity is give here. Four new countries joined the ranks of importers during the year: Colombia, Finland, Jamaica and Poland. Eleven new terminals were commissioned, adding a combined 32 MTPA of new regasification capacity.
8Data is given here of all liquefaction plants at the end of 2016 in terms of country, site, number of trains, nominal capacity, number of tanks, total capacity, owners, operators, long term buyers for each and start-up date
8Data on regasification terminals is given in terms of country, site, number of storage tanks, total capacity, number of vaporizers, nominal capacity, owner, operator, third party access, series offered, start-up date of the terminal
8Also given here are the LNG characteristics for every LNG terminal in terms of nitrogen, methane, ethane, propane C4+ content
Click on Reports for more Details
The website also details here the quantities of LNG received in 2016 by importing countries from exporting countries
8The data is further split up into spot and short term quantities
8The spot and short term ratios vs. total LNG trade is also fully tabulated
8The differential between source of imports between 2015 and 2016 is also intimately documented
8Total international re-exports in terms of re-exporting country, the import country and re-exported volumes is given here as alos LNG imports in 2016 net of re-exports
8India figures in this matrix too
Click on Reports for more Details
8The data is further split up into spot and short term quantities
8The spot and short term ratios vs. total LNG trade is also fully tabulated
8The differential between source of imports between 2015 and 2016 is also intimately documented
8Total international re-exports in terms of re-exporting country, the import country and re-exported volumes is given here as alos LNG imports in 2016 net of re-exports
8India figures in this matrix too
Click on Reports for more Details
For reference purposes, the website carries here the following LNG shipping related data:
8Carriers scrapped in 2016 (two ships were scrapped)
8LNG carries laid up, idle or otherwise out of service at the end of 2016
831 ships were delivered in 2016, including one FSRU and 2 ships of less than 50,000 cubic meters
The data of the newly delivered shops are given in the following format
8Build date
8Vessel Name
8IMO number
8Type
8Capacity
8CCS
8Owner
8Builder
8Name of the manager
8Similar data is also carried for the entire LNG fleet existing as at the end of 2016.
8The total FSRU fleet consisted of 24 units at the end of 2016. Total FSRU cargo capacity at the end of 2016 stood at 3.6 million cubic meters. The orderbook comprised of 9 FSRUs. 6 of these vessels were scheduled for 2017 delivery. The FRSU order book at the end of 2016 is also documented in a detailed format
Click on Reports for full information Details
8Carriers scrapped in 2016 (two ships were scrapped)
8LNG carries laid up, idle or otherwise out of service at the end of 2016
831 ships were delivered in 2016, including one FSRU and 2 ships of less than 50,000 cubic meters
The data of the newly delivered shops are given in the following format
8Build date
8Vessel Name
8IMO number
8Type
8Capacity
8CCS
8Owner
8Builder
8Name of the manager
8Similar data is also carried for the entire LNG fleet existing as at the end of 2016.
8The total FSRU fleet consisted of 24 units at the end of 2016. Total FSRU cargo capacity at the end of 2016 stood at 3.6 million cubic meters. The orderbook comprised of 9 FSRUs. 6 of these vessels were scheduled for 2017 delivery. The FRSU order book at the end of 2016 is also documented in a detailed format
Click on Reports for full information Details
The website also carries here the most comprehensive information ever on the LNG shipping industry.
8The total LNG tanker fleet consisted of 478 vessels at the end of 2016. It included 24 FSRUs and 30 vessels of less than 50,000 cubic meters. Total shipping capacity at the end of 2016 stood at 69.3 million cubic meters. Total operational capacity (vessels that are known to be in service) amounted to 64.7 million cubic meters.
8In 2016, the average spot charter rate for a 160,000 cubic meters LNG carrier stood at $33,528/day, compared to an average $36,038/day in 2015.
810 new orders were placed, including one FSRU and 3 bunkering vessels, compared with 33 new orders placed in 2015.
8This is the lowest number of new orders since 2010. At the end of 2016, the orderbook comprised of 137 vessels, 121 of which were above 50,000 cubic meters. 64 vessels were scheduled for delivery in 2017.
Click on our Prices section for daily global FOB, CIF rates along with LNG vessel charter hire rates. We source our data in collaboration with one the world's largest providers of such information.
Click on Reports for more Details
8The total LNG tanker fleet consisted of 478 vessels at the end of 2016. It included 24 FSRUs and 30 vessels of less than 50,000 cubic meters. Total shipping capacity at the end of 2016 stood at 69.3 million cubic meters. Total operational capacity (vessels that are known to be in service) amounted to 64.7 million cubic meters.
8In 2016, the average spot charter rate for a 160,000 cubic meters LNG carrier stood at $33,528/day, compared to an average $36,038/day in 2015.
810 new orders were placed, including one FSRU and 3 bunkering vessels, compared with 33 new orders placed in 2015.
8This is the lowest number of new orders since 2010. At the end of 2016, the orderbook comprised of 137 vessels, 121 of which were above 50,000 cubic meters. 64 vessels were scheduled for delivery in 2017.
Click on our Prices section for daily global FOB, CIF rates along with LNG vessel charter hire rates. We source our data in collaboration with one the world's largest providers of such information.
Click on Reports for more Details
For reference purposes, the website carries here comprehensive details of all LNG contracts concluded in 2016.
The data is given in terms of
8Exporting country
8Name of the Exporter
8Specific buyer
8Importing country
8ACQ (MTPA)
8Duration
8Comments
8Start
8Delivery format
This information is immensely helpful for those involved in the LNG industry in India
Click on Reports for more Details
The data is given in terms of
8Exporting country
8Name of the Exporter
8Specific buyer
8Importing country
8ACQ (MTPA)
8Duration
8Comments
8Start
8Delivery format
This information is immensely helpful for those involved in the LNG industry in India
Click on Reports for more Details
Global trade in LNG went up by 18 MMT saw a robust 7.5% increase in 2016 after growing at an average annual growth rate of a mere 0.5% over the previous four years.
8Due to the slow ramp-up of several Australian projects, the combined new liquefaction capacity of 36 MT worldwide starting up in the course of the year, only added 18MT of actual new supply in 2016.
8Thanks in part to low spot prices and to a price sensitive LNG demand, Indian imports also jumped (+30%), reaching 19MT and confirming the
country’s rank of 4th largest LNG buyer worldwide.
8But a spatial distribution LNG flow map shows India's near complete dependence on Qatar for its LNG imports. Qatar is not doubt the world's largest supplier of LNG and its geographical proximity gives makes it a natural monopoly as far as India.
8Nevertheless, the other big importers such as China, Japan and South Korea have a far more diversified portfolio than India.
8Will this dependence on Qatar change in the future?
Click on Reports to find out more Details
8Due to the slow ramp-up of several Australian projects, the combined new liquefaction capacity of 36 MT worldwide starting up in the course of the year, only added 18MT of actual new supply in 2016.
8Thanks in part to low spot prices and to a price sensitive LNG demand, Indian imports also jumped (+30%), reaching 19MT and confirming the
country’s rank of 4th largest LNG buyer worldwide.
8But a spatial distribution LNG flow map shows India's near complete dependence on Qatar for its LNG imports. Qatar is not doubt the world's largest supplier of LNG and its geographical proximity gives makes it a natural monopoly as far as India.
8Nevertheless, the other big importers such as China, Japan and South Korea have a far more diversified portfolio than India.
8Will this dependence on Qatar change in the future?
Click on Reports to find out more Details
8A refinery technology meet is coming up with focus on the following topics
-- Future Refinery Configuration and Petrochemical Integration
-- New/Breakthrough Process Technologies - Advances in Bottom Upgradation
-- Advances in Hydroprocessing and Fluidised Catalytic Cracking
-- Strategies for Fuel Quality Upgradation
-- Bio-refining and Gasification
-- Advances in Catalyst Systems
-- Hydrogen Management
-- Refinery Optimisation and Margin Improvement
-- Energy/Process Efficiency and Yield Improvement
-- Environmental Management
-- Future Refinery Configuration and Petrochemical Integration
-- New/Breakthrough Process Technologies - Advances in Bottom Upgradation
-- Advances in Hydroprocessing and Fluidised Catalytic Cracking
-- Strategies for Fuel Quality Upgradation
-- Bio-refining and Gasification
-- Advances in Catalyst Systems
-- Hydrogen Management
-- Refinery Optimisation and Margin Improvement
-- Energy/Process Efficiency and Yield Improvement
-- Environmental Management
Click here for more Details.
8Latest prices for Indian basket of crude oil and under recoveries. Click here for more Details.
8Article on how India stands to gain significantly if it were to identify all hidden fossil fuel subsidies and target them in a systematic manner
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8Pipeline civil work is coming up two big trunk pipelines
8RFQs are to be floated by end of April for one and in May for the other
Click on Details for more Details
8RFQs are to be floated by end of April for one and in May for the other
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Civil works at drill site in RDS area Details
8Civil works at drill site LPEO in North Bank area Details
8Supply of High Pressure Liquid Chromatographs Details
8Invitation for Bids for Crude Distillation Unit and Vacuum Distillation Unit of refinery Details
8Supply of CNG Storage Cascades for City Gas Distribution Project Details
8Appointment of Internal Auditors Details
8Charter Hire of 100 MT Work Over Rig for a period of six months Details
8Environment Impact Assessment, Risk Analysis and HAZOP study and mainline including facilities like valves, RCPs and others Details
8Supply of Know-How, Basic Design Engineering Package, Catalysts and Proprietary equipments, if any and other services for Revamp of Diesel Hydrotreating Unit Details
8Appointment of Third Party Inspection Agency for City Gas Distribution Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Here is how Modi government plans to offer 85 per cent of India’s hydrocarbon reserves for auctions Details
8Qatar sees Brexit as chance to supply UK more gas - minister Details
8Oil prices rise with Libya disruption but upside capped Details
8Market share or higher prices? The Saudi, Russia oil dilemma: Coulumn by Clyde Russell Details
8Aadhaar deadline for LPG likely to be extended in Bengal Details
8Toyota wants govt to frame policy to phase out BS I, II vehicles Details
8Cairn-Vedanta merger: All approval in place barring RBI Details
8'Donald Trump admin may approve major export of natural gas to India' Details
8Oil rises on weak dollar, but bloated supply still weighs Details
8Oil Ministry brings Shazia Ilmi on EIL’s board Details
8ONGC secures Dainik Bhaskar India Pride Award for ‘Excellence in Oil & Gas’ Details
8Natural gas price hike in pipeline Details
8‘Pak extracting gas from Indian fields’ Details
8Will PSU oil retailers cut petro product prices from April 1? Details
You can also click on Newsclips for more Details
8Civil works at drill site in RDS area Details
8Civil works at drill site LPEO in North Bank area Details
8Supply of High Pressure Liquid Chromatographs Details
8Invitation for Bids for Crude Distillation Unit and Vacuum Distillation Unit of refinery Details
8Supply of CNG Storage Cascades for City Gas Distribution Project Details
8Appointment of Internal Auditors Details
8Charter Hire of 100 MT Work Over Rig for a period of six months Details
8Environment Impact Assessment, Risk Analysis and HAZOP study and mainline including facilities like valves, RCPs and others Details
8Supply of Know-How, Basic Design Engineering Package, Catalysts and Proprietary equipments, if any and other services for Revamp of Diesel Hydrotreating Unit Details
8Appointment of Third Party Inspection Agency for City Gas Distribution Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Here is how Modi government plans to offer 85 per cent of India’s hydrocarbon reserves for auctions Details
8Qatar sees Brexit as chance to supply UK more gas - minister Details
8Oil prices rise with Libya disruption but upside capped Details
8Market share or higher prices? The Saudi, Russia oil dilemma: Coulumn by Clyde Russell Details
8Aadhaar deadline for LPG likely to be extended in Bengal Details
8Toyota wants govt to frame policy to phase out BS I, II vehicles Details
8Cairn-Vedanta merger: All approval in place barring RBI Details
8'Donald Trump admin may approve major export of natural gas to India' Details
8Oil rises on weak dollar, but bloated supply still weighs Details
8Oil Ministry brings Shazia Ilmi on EIL’s board Details
8ONGC secures Dainik Bhaskar India Pride Award for ‘Excellence in Oil & Gas’ Details
8Natural gas price hike in pipeline Details
8‘Pak extracting gas from Indian fields’ Details
8Will PSU oil retailers cut petro product prices from April 1? Details
You can also click on Newsclips for more Details
For reference purposes, the website carries here the state-wise, category-wise (whether allocated to SC, ST, General etc.) allocation of retail outlets by public sector oil marketing companies
Details are given for
8IOC
8HPCL
8BPCL
8There is data as well on the number of pending applications under various categories as of the moment
Click on Reports for more Details
Details are given for
8IOC
8HPCL
8BPCL
8There is data as well on the number of pending applications under various categories as of the moment
Click on Reports for more Details
The petroleum ministry has not acted yet on a series of suggestions given by a Committee of DGH on measures to resolve differences between the government and operators in the implementation of the PSC.
8The committee had suggested a slew of measures
8The only suggestion that has been accepted so far is on the changing of the seat of arbitration to India.
8The government claims that Good International Petroleum Industry Practices have been codified and Guidelines for Site Restoration have been prepared to reduce ambiguity, thereby reducing the possibility of litigation.
8What the government says is that it is giving the operators as of now is an informal "Forum" within the ministry where they can go to resolve their issues relating to gas balancing and abandonment obligations and other problems.
8This is a non-transparent methodology, wherein industry representatives meet officials, ranging from deputy secretaries, joint secretaries and the secretary and perhaps the ministry to put forward their point of view
8Clearly an out-of-box solution eludes the government.
8For reference purposes, the website carries here the number of arbitrations and disputes that the government is facing at this juncture
Click on Reports for more Details
8The committee had suggested a slew of measures
8The only suggestion that has been accepted so far is on the changing of the seat of arbitration to India.
8The government claims that Good International Petroleum Industry Practices have been codified and Guidelines for Site Restoration have been prepared to reduce ambiguity, thereby reducing the possibility of litigation.
8What the government says is that it is giving the operators as of now is an informal "Forum" within the ministry where they can go to resolve their issues relating to gas balancing and abandonment obligations and other problems.
8This is a non-transparent methodology, wherein industry representatives meet officials, ranging from deputy secretaries, joint secretaries and the secretary and perhaps the ministry to put forward their point of view
8Clearly an out-of-box solution eludes the government.
8For reference purposes, the website carries here the number of arbitrations and disputes that the government is facing at this juncture
Click on Reports for more Details
Over reporting of crude production is a typical ONGC phenomena
8The companies asset managers, with an eye on higher performance related pay, take advantage of archaic measurement and systemic processes to over report production on a routine basis.
8The CAG has estimated that on account of over reporting, the company has had to pay an additional subsidy burden of Rs.18626.74 crore during 2011-12 to 2014-15.
8Since the report, ONGC claims it has spruced up its act by taking a series of measures.
Click on Reports to find out more on what the company has done to stop over reporting. Details
8The companies asset managers, with an eye on higher performance related pay, take advantage of archaic measurement and systemic processes to over report production on a routine basis.
8The CAG has estimated that on account of over reporting, the company has had to pay an additional subsidy burden of Rs.18626.74 crore during 2011-12 to 2014-15.
8Since the report, ONGC claims it has spruced up its act by taking a series of measures.
Click on Reports to find out more on what the company has done to stop over reporting. Details
The GAIL pipeline blast the killed 22 people in their sleep has forced the gas major to spruce up its poor safety report.
8It is this fear of such accidents that has has encouraged farmers in Tamil Nadu and Kerala to oppose the laying of gas pipelines out of the Kochi LNG terminal.
8After several years of coaxing, construction has restarted in Kerala on the of Kochi-Koottanad-Mangalore-Bangalore pipeline
8But a boorish stand by GAIL on ROW negotiations with stakeholders in Tamil Nadu has resulted in a gridlock. No work is taking place in the state
8Nevertheless, GAIL has taken a series of steps, including third party audits and deployment of UAVs, to avoid such accidents in the future
Click on Reports to find out what it has done so far Details
8It is this fear of such accidents that has has encouraged farmers in Tamil Nadu and Kerala to oppose the laying of gas pipelines out of the Kochi LNG terminal.
8After several years of coaxing, construction has restarted in Kerala on the of Kochi-Koottanad-Mangalore-Bangalore pipeline
8But a boorish stand by GAIL on ROW negotiations with stakeholders in Tamil Nadu has resulted in a gridlock. No work is taking place in the state
8Nevertheless, GAIL has taken a series of steps, including third party audits and deployment of UAVs, to avoid such accidents in the future
Click on Reports to find out what it has done so far Details
India and Nepal have extended for another five years, a product supply agreement between IOC and Nepal
8India is currently building a product pipeline into Nepal, from Motihari to Amlekhgunj
8India is now talking of building an LPG pipeline too into Nepal
8Nepal has been playing the China card of late -- including building of railway lines and ferrying of good and services including petroleum products from its giant neighbor in the North, to instigate a defensive response from India.
Click on Reports for more Details
8India is currently building a product pipeline into Nepal, from Motihari to Amlekhgunj
8India is now talking of building an LPG pipeline too into Nepal
8Nepal has been playing the China card of late -- including building of railway lines and ferrying of good and services including petroleum products from its giant neighbor in the North, to instigate a defensive response from India.
Click on Reports for more Details
In a turning of tables, American energy cargoes have began flowing to importing countries in the Middle East
8The United States quietly began exporting natural gas to the Middle East, when two cargoes of shale gas liquefied at Cheniere Energy’s Sabine Pass terminal in Louisiana were exported to Kuwait. A third went to the United Arab Emirates. Jordan imported two more.
8This ought to sound odd as Kuwait and the UAE are two of the most petroleum-rich countries on earth, with a combined 12% of global oil and 4% of global gas reserves.
8They also sit in a region that holds more than 40% of global gas. Iran alone owns 18% of known reserves. Qatar has 13%.
8So why are these two countries importing shale gas all the way from America?
Click on Reports to find out what is going on here Details
8The United States quietly began exporting natural gas to the Middle East, when two cargoes of shale gas liquefied at Cheniere Energy’s Sabine Pass terminal in Louisiana were exported to Kuwait. A third went to the United Arab Emirates. Jordan imported two more.
8This ought to sound odd as Kuwait and the UAE are two of the most petroleum-rich countries on earth, with a combined 12% of global oil and 4% of global gas reserves.
8They also sit in a region that holds more than 40% of global gas. Iran alone owns 18% of known reserves. Qatar has 13%.
8So why are these two countries importing shale gas all the way from America?
Click on Reports to find out what is going on here Details
Excelerate Energy has worked out a deal to supply a a floating LNG terminal, which will be second FSRU, to the Pakistan market. The FRSU is expected to arrive in May, 2017
8Pakistan is now being dubbed as "one of the largest markets for LNG in the world".
8The company has also agreed to charter a 138,000m3 FSRU to import up to 3.5 million tonnes a year (mta) through Moheshkhali in Bangladesh.
8The company seems to have all kinds of solutions for a country's LNG needs.
8“If the customer has three years before they need to have an FSRU in service, they may go for a newbuild. If they need it in 18 months, a conversion is the solution. Or we can offer an existing vessel as a bridge. With Petrobras in Brazil, we offered a bridging vessel, then delivered a purpose-built vessel in 2014.” claims its chief executive Rob Bryngelson Click for more details. Details
8Pakistan is now being dubbed as "one of the largest markets for LNG in the world".
8The company has also agreed to charter a 138,000m3 FSRU to import up to 3.5 million tonnes a year (mta) through Moheshkhali in Bangladesh.
8The company seems to have all kinds of solutions for a country's LNG needs.
8“If the customer has three years before they need to have an FSRU in service, they may go for a newbuild. If they need it in 18 months, a conversion is the solution. Or we can offer an existing vessel as a bridge. With Petrobras in Brazil, we offered a bridging vessel, then delivered a purpose-built vessel in 2014.” claims its chief executive Rob Bryngelson Click for more details. Details
Excelerate Energy's exuberance about Pakistan comes from a statement by state-owned Pakistan LNG that the countries imports could reach over 19.7 MMT by 2018, based on the potential installation of additional FSRUs.
8That a big capacity to install by Indian yardstick.
8However, the feasibility of employing this extra import capacity, however, is dependent on the speed with which pipeline infrastructure can be connected between LNG terminals in the south and major population and industrial centers in the country’s north.
8How could Pakistan move its LNG imports up so quickly in such a short period of time, considering that they have started importing only in 2015?
8Are there lessons to learn from Pakistan's example?
Click on Reports for more Details
8That a big capacity to install by Indian yardstick.
8However, the feasibility of employing this extra import capacity, however, is dependent on the speed with which pipeline infrastructure can be connected between LNG terminals in the south and major population and industrial centers in the country’s north.
8How could Pakistan move its LNG imports up so quickly in such a short period of time, considering that they have started importing only in 2015?
8Are there lessons to learn from Pakistan's example?
Click on Reports for more Details
The disruptive potential of electrics cars and the implications of the fast-evolving digital economy on oil demand now rank among oil producers’ top concerns.
8Oil companies are also evaluating the energy demand implications of the so-called Fourth Industrial Revolution -- the digital economy -- as automation, robotics, big data and technologies such as 3-D printing gain ground. Some of the oil majors have recently started to model the impact of 3-D printing, also known as additive manufacturing, on future oil demand.
8Many technology watchers believe that an increasing number of applications will be found for 3-D printing, cutting overseas manufacturing and reducing the demand for freight.
Click on Reports for more Details
8Oil companies are also evaluating the energy demand implications of the so-called Fourth Industrial Revolution -- the digital economy -- as automation, robotics, big data and technologies such as 3-D printing gain ground. Some of the oil majors have recently started to model the impact of 3-D printing, also known as additive manufacturing, on future oil demand.
8Many technology watchers believe that an increasing number of applications will be found for 3-D printing, cutting overseas manufacturing and reducing the demand for freight.
Click on Reports for more Details
India’s demand for fuel consecutively for the second month in a row, dropped by -2.8% in February this year. T
8The demand for all oil products dropped to 15.8 MMT from 16.3 MMT a year ago. On cumulative basis, a growth of 6.0% was registered for the period April 2016 - February 2017.
8Except for LPG, Naphtha, MS, LDO, ATF and ‘other’ products which recorded a positive growth all other products recorded a negative growth.
8However, SKO registered a major de-growth of -33.8 % during the month and -20.4% on cumulative basis, mainly because of reduced allocation to states and voluntary surrender of PDS SKO quota by some states.
8February 2016 was a leap year and hence this year the current month has one day less resulting in lower consumption.
8Interestingly enough, an official government report blamed demonetization for the slowdown in demand
Click on Reports for more Details
8The demand for all oil products dropped to 15.8 MMT from 16.3 MMT a year ago. On cumulative basis, a growth of 6.0% was registered for the period April 2016 - February 2017.
8Except for LPG, Naphtha, MS, LDO, ATF and ‘other’ products which recorded a positive growth all other products recorded a negative growth.
8However, SKO registered a major de-growth of -33.8 % during the month and -20.4% on cumulative basis, mainly because of reduced allocation to states and voluntary surrender of PDS SKO quota by some states.
8February 2016 was a leap year and hence this year the current month has one day less resulting in lower consumption.
8Interestingly enough, an official government report blamed demonetization for the slowdown in demand
Click on Reports for more Details
An independent projection of gas demand up to 2030 shows the sharpest and largest increase happening in the gas-based power sector
8CGD is another segment that sees faster incremental growth, contributing 11% of the total demand in 2030
8Fertilizer demand is seen as growing till 2020-21 before stagnating for the rest of the decade
8The power sector is expected to contribute between 36% to 47% of the total demand.
8This seems an unlikely scenario from today's perspective but power is the sector that scenario builders are focusing on.
Click on Reports to find out more Details
8CGD is another segment that sees faster incremental growth, contributing 11% of the total demand in 2030
8Fertilizer demand is seen as growing till 2020-21 before stagnating for the rest of the decade
8The power sector is expected to contribute between 36% to 47% of the total demand.
8This seems an unlikely scenario from today's perspective but power is the sector that scenario builders are focusing on.
Click on Reports to find out more Details
Has India's LNG imports become somewhat price inelastic?
8A 16% rise in LNG imports at a time when spot prices were ruling high could well indicate a secular base level demand for LNG
8But critics claim that the rise in LNG demand could be to plug the shortfall in domestic demand
8Still others claim that the bulk of India's imports are shielded by oil indexed LNG imports from Qatar.
Click on Reports for a full analysis of India's gas consumption behaviour, in terms of latest imports, production and consumption data over different industrial segments Details
8A 16% rise in LNG imports at a time when spot prices were ruling high could well indicate a secular base level demand for LNG
8But critics claim that the rise in LNG demand could be to plug the shortfall in domestic demand
8Still others claim that the bulk of India's imports are shielded by oil indexed LNG imports from Qatar.
Click on Reports for a full analysis of India's gas consumption behaviour, in terms of latest imports, production and consumption data over different industrial segments Details
The government has signed contracts for small and discovered gas fields. The government has optimistically pegged total revenue from these fields at Rs 46,000 crore. Find out more Details.
8Indian refineries have achieved a 100% conversion for MS from BS-III std. to BS IV std. achieved during February 2017. Imports of petroleum products increased by 13.7% during February, 2017 over the corresponding period of 2016. LPG, naphtha, Lubes and Pet-coke imports contributed to 88.8% share of total POL imports during February, 2017.
Click on Reports to find out more Details
8Indian refineries have achieved a 100% conversion for MS from BS-III std. to BS IV std. achieved during February 2017. Imports of petroleum products increased by 13.7% during February, 2017 over the corresponding period of 2016. LPG, naphtha, Lubes and Pet-coke imports contributed to 88.8% share of total POL imports during February, 2017.
Click on Reports to find out more Details
For reference purposes the website carries here the following tenders:
8Composite Works for stations for Capacity Augmentation of Jamnagar Loni Pipeline Project Details
8Dig Verification and associated works in pipeline system and ILI defect verification and mitigation works Details
8Engaging an Agency to carry out Long Range Guided Wave Ultrasonic Testing of Pipelines Details
8Annual Maintenance Contract for hiring of services in Agra Region for GAIL Gas Details
8Supply of Seamless Pipes Details
8Hiring of Real Time Data Management and Analytics Services for 30 rigs Details
8Supply of Additional Lean Gas Compressor at EPRU Unit on LSTK basis Details
8Procurement of Motor Driven Booster Pumping Units for GSPL Pipelines Details
8Miscellaneous hot and cold jobs related to offsite piping during total refinery shutdown at refinery Details
8EOI for supply of Gluteraldehyde Based Biocide for Oil Field Application Contract for the Rajasthan Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petroleum products will be brought under GST, no impact on states’ earnings: Pradhan Details
8Adani Group joins global sustainable energy promotion club GEIDCO Details
8Why didn't Sebi pull up RIL promoters? Ajay Srivastava, Dimensions Consulting Details
8Reliance Industries drops 2% as Sebi bars firm to deal in F&O segment Details
8Oil falls as U.S. drilling offsets talk of an OPEC-led cut extension Details
8GST: 10 groups set up under senior taxmen to examine issues and report by April 10 Details
8China oil giant Sinopec posts 44% jump in net profit Details
8Oil min puts cure for gas troubles on social media Details
8Oil companies' CSR gets a Himalayan flavour Details
8India to formally sign oil and gas contracts with companies under new policy Details
8OIL to buy back 4.49-crore shares for Rs 1,527 crore Details
8Oilfields auction winners sign exploration contracts with government Details
8Special dividend may be on cards from Vedanta Details
8Second round of oilfields auction soon: Oil minister Dharmendra Pradhan Details
8Indian Oil to help build pipeline to supply fuel to Nepal: Dharmendra Pradhan Details
You can also click on Newsclips for more Details
8Composite Works for stations for Capacity Augmentation of Jamnagar Loni Pipeline Project Details
8Dig Verification and associated works in pipeline system and ILI defect verification and mitigation works Details
8Engaging an Agency to carry out Long Range Guided Wave Ultrasonic Testing of Pipelines Details
8Annual Maintenance Contract for hiring of services in Agra Region for GAIL Gas Details
8Supply of Seamless Pipes Details
8Hiring of Real Time Data Management and Analytics Services for 30 rigs Details
8Supply of Additional Lean Gas Compressor at EPRU Unit on LSTK basis Details
8Procurement of Motor Driven Booster Pumping Units for GSPL Pipelines Details
8Miscellaneous hot and cold jobs related to offsite piping during total refinery shutdown at refinery Details
8EOI for supply of Gluteraldehyde Based Biocide for Oil Field Application Contract for the Rajasthan Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petroleum products will be brought under GST, no impact on states’ earnings: Pradhan Details
8Adani Group joins global sustainable energy promotion club GEIDCO Details
8Why didn't Sebi pull up RIL promoters? Ajay Srivastava, Dimensions Consulting Details
8Reliance Industries drops 2% as Sebi bars firm to deal in F&O segment Details
8Oil falls as U.S. drilling offsets talk of an OPEC-led cut extension Details
8GST: 10 groups set up under senior taxmen to examine issues and report by April 10 Details
8China oil giant Sinopec posts 44% jump in net profit Details
8Oil min puts cure for gas troubles on social media Details
8Oil companies' CSR gets a Himalayan flavour Details
8India to formally sign oil and gas contracts with companies under new policy Details
8OIL to buy back 4.49-crore shares for Rs 1,527 crore Details
8Oilfields auction winners sign exploration contracts with government Details
8Special dividend may be on cards from Vedanta Details
8Second round of oilfields auction soon: Oil minister Dharmendra Pradhan Details
8Indian Oil to help build pipeline to supply fuel to Nepal: Dharmendra Pradhan Details
You can also click on Newsclips for more Details
8Upgradation in Bitumen Blowing Unit in a Refinery: EC expected in December, 2017
8Installation of two new LPG Mounded Vessels: EC expected by Sep, 2017
8Expansion in an LPG bottling Plant: RFQs to be floated by May, 2017
Click on Details for more Details
8Installation of two new LPG Mounded Vessels: EC expected by Sep, 2017
8Expansion in an LPG bottling Plant: RFQs to be floated by May, 2017
Click on Details for more Details
In this context, switching to LNG fuel translates into substantive savings on the cost of fuel to the operators (business case varies by vessel type and operational characteristics)
8For port jurisdictions, LNG bunkering can provide a lucrative business, and for governments bring value from local infrastructure investments and job creation
8For jurisdictions that have LNG resources, this unlocks an additional stable market and a revenue stream
8And yet there are significant regulatory, financial and technical barriers to using LNG as bunker fuel
Click on Reports for more for specific business case studies Details
8For port jurisdictions, LNG bunkering can provide a lucrative business, and for governments bring value from local infrastructure investments and job creation
8For jurisdictions that have LNG resources, this unlocks an additional stable market and a revenue stream
8And yet there are significant regulatory, financial and technical barriers to using LNG as bunker fuel
Click on Reports for more for specific business case studies Details
Various disciplines in petroleum industry are taking benefits from the development of nanotechnology. These phases include exploration, drilling, production, processing and refining. Subsurface imaging resolution has been made possible by incorporating nano sensors in exploration stage.
8Enhanced oil recovery is also making the most of nanotechnology to get more hydrocarbons out of the reservoir by modifying the molecules and by manipulating the interfacial properties.
8The website highlights here the potential application of nanotechnology in various discipline of oil and gas industry.
8Of particular interest will be the outlining of nano particles used in drilling fluids. A table provides a summary of the the type used, concentration, type of drilling fluid and the impact each of these have
8Nano particple driven drilling fluids have the capacity to become a permanent constituent of all drilling mud as they can contribute in the solution of many down hole problem such as formation damage, loss circulation, pipe sticking, formation integrity issues, high torque and drag.
Click on Report for more Details
8Enhanced oil recovery is also making the most of nanotechnology to get more hydrocarbons out of the reservoir by modifying the molecules and by manipulating the interfacial properties.
8The website highlights here the potential application of nanotechnology in various discipline of oil and gas industry.
8Of particular interest will be the outlining of nano particles used in drilling fluids. A table provides a summary of the the type used, concentration, type of drilling fluid and the impact each of these have
8Nano particple driven drilling fluids have the capacity to become a permanent constituent of all drilling mud as they can contribute in the solution of many down hole problem such as formation damage, loss circulation, pipe sticking, formation integrity issues, high torque and drag.
Click on Report for more Details
8Latest status on oil and gas exploration in Rajasthan, including revenues which have accrued to the state government
8The petroleum ministry has launched an eSeva programme, which is an integrated grievances redressal platform across social media for all Oil & Gas related service issues. This portal will be a single point interface for all customers to reach out to the government for addressing their feedback
8The Indian basket for crude oil is currently hovering at the below $50/bbl mark
8Finally, the National Company Law Tribunal approves merger of Cairn India Limited with Vedanta Limited
8Complete SEBI order debarring RIL from trading in the in equity derivatives in the F&O segment of stock exchanges for one year
Click on Reports for more Details
8The petroleum ministry has launched an eSeva programme, which is an integrated grievances redressal platform across social media for all Oil & Gas related service issues. This portal will be a single point interface for all customers to reach out to the government for addressing their feedback
8The Indian basket for crude oil is currently hovering at the below $50/bbl mark
8Finally, the National Company Law Tribunal approves merger of Cairn India Limited with Vedanta Limited
8Complete SEBI order debarring RIL from trading in the in equity derivatives in the F&O segment of stock exchanges for one year
Click on Reports for more Details
A total of 15 wells are to be drilled
8RFQs are however to be floated later
Click on Details for more, including two key contacts, including mobile numbers and address. Details
8RFQs are however to be floated later
Click on Details for more, including two key contacts, including mobile numbers and address. Details
An onshore gas processing terminal capacity is to be expanded
8The total project cost is Rs 1000 crore
8Tendering is currently on
Click on Details for key contact Details
8The total project cost is Rs 1000 crore
8Tendering is currently on
Click on Details for key contact Details
8A refinery maintenance is coming up
-- RFQs are to be floated in April, 2017
Among equipment needed will be
-- Shell and tube heat exchangers
-- Steam Traps
-- heaters
-- nozzles
-- vessels
-- columns cyclones
-- air blowers
-- relief valves
8Another refinery is planning a shutdown of its its Pre DHDT HCU MSQ and DCU units
-- RFQs again in April
-- Site work has begun in a pipeline expansion work that involves converting its intermediate pigging stations into pump stations
8Yet another big pipeline expansion capacity is coming up
-- The EPCM contractor has been appointed
-- RFQs like in April
Click on Details for more Details
-- RFQs are to be floated in April, 2017
Among equipment needed will be
-- Shell and tube heat exchangers
-- Steam Traps
-- heaters
-- nozzles
-- vessels
-- columns cyclones
-- air blowers
-- relief valves
8Another refinery is planning a shutdown of its its Pre DHDT HCU MSQ and DCU units
-- RFQs again in April
-- Site work has begun in a pipeline expansion work that involves converting its intermediate pigging stations into pump stations
8Yet another big pipeline expansion capacity is coming up
-- The EPCM contractor has been appointed
-- RFQs like in April
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Annual Rate Contract for mainline facilities Details
8Appointment of Consultant for implementation of GST Details
8Procurement of Sulphuric Acid Details
8Procurement of Differential Pressure Transmitters Details
8Supply of Know-How, Basic Design Engineering Package, Proprietary equipments and other services for revamp of Hydrogen Generation Unit including PSA at refinery Details
8Supply of SS Tubes and SS Fittings for Gas Company Details
8Procurement of MDPE fittings for City Gas Project Details
8Supply of Pipeline Pigs and Spares Details
8Supply of Honeywell Make Toxic gas detector Sensor spares at refinery Details
8Overhauling of diesel engine of gas turbine at TPS unit at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8LIC demands dues from Essar to give clearance to Rosneft-Essar deal Details
8State-owned oil firms to present a plan for merger soon: Dharmendra Pradhan Details
8Reliance Industries to challenge Sebi order in RPL insider trading case Details
8GLOBAL LNG-Asian spot prices slip as demand from consumers stays weak Details
8Iraq's southern oil exports seen average 3.163 mln bpd in March - sources Details
8Iraqi oil minister: Market is decisive factor in possible cut extension in second half Details
8Canada determined to diversify despite Keystone XL pipeline approval Details
8JSW Group to invest additional Rs 7,000 crore in ports sector by 2020 Details
8KEI-RSOS secures two oil and gas blocks in KG Basin Details
8Government asks state oil firms to present integration plan Details
8Oil hunt policy dims flashpoints Details
8Oil producers look into rollover of output cuts Details
8ONGC’s exploration mission begins in northeast: Official Details
8GAIL rated ‘Sell’ by Citi as margins may have peaked Details
8Arbitration on compensation demand in RIL-ONGC gas row starts Details
You can also click on Newsclips for more Details
8Annual Rate Contract for mainline facilities Details
8Appointment of Consultant for implementation of GST Details
8Procurement of Sulphuric Acid Details
8Procurement of Differential Pressure Transmitters Details
8Supply of Know-How, Basic Design Engineering Package, Proprietary equipments and other services for revamp of Hydrogen Generation Unit including PSA at refinery Details
8Supply of SS Tubes and SS Fittings for Gas Company Details
8Procurement of MDPE fittings for City Gas Project Details
8Supply of Pipeline Pigs and Spares Details
8Supply of Honeywell Make Toxic gas detector Sensor spares at refinery Details
8Overhauling of diesel engine of gas turbine at TPS unit at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8LIC demands dues from Essar to give clearance to Rosneft-Essar deal Details
8State-owned oil firms to present a plan for merger soon: Dharmendra Pradhan Details
8Reliance Industries to challenge Sebi order in RPL insider trading case Details
8GLOBAL LNG-Asian spot prices slip as demand from consumers stays weak Details
8Iraq's southern oil exports seen average 3.163 mln bpd in March - sources Details
8Iraqi oil minister: Market is decisive factor in possible cut extension in second half Details
8Canada determined to diversify despite Keystone XL pipeline approval Details
8JSW Group to invest additional Rs 7,000 crore in ports sector by 2020 Details
8KEI-RSOS secures two oil and gas blocks in KG Basin Details
8Government asks state oil firms to present integration plan Details
8Oil hunt policy dims flashpoints Details
8Oil producers look into rollover of output cuts Details
8ONGC’s exploration mission begins in northeast: Official Details
8GAIL rated ‘Sell’ by Citi as margins may have peaked Details
8Arbitration on compensation demand in RIL-ONGC gas row starts Details
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Some startling facts are forcing the major shipping players and regulators to look at using LNG for ship bunkering.
The facts:
"A medium- to large-size container ship, running at 70% maximum power for one day using bunker fuel with 35,000 ppm (3.5%) sulphur, emits as much PM2.5 as the average of half a million new trucks in China, during that same day."
8"Ship emissions have significant human health and environmental costs. The majority (70%) of these emissions occur within 400 km of coastal communities – mainly in the coastal East Asia, South Asia, and Europe. Approximately 230 million people are exposed directly to these harmful emissions in the world’s top 100 ports."
8"Diesel PM or the soot in diesel exhaust is a carcinogen, designated by the World Health Organisation. These are tiny toxic particles consisting of roughly 40 different toxic air contaminants, 15 of which are carcinogenic. Some of these toxic chemicals can travel as far as 10,000 km via the PM in the air."
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The facts:
"A medium- to large-size container ship, running at 70% maximum power for one day using bunker fuel with 35,000 ppm (3.5%) sulphur, emits as much PM2.5 as the average of half a million new trucks in China, during that same day."
8"Ship emissions have significant human health and environmental costs. The majority (70%) of these emissions occur within 400 km of coastal communities – mainly in the coastal East Asia, South Asia, and Europe. Approximately 230 million people are exposed directly to these harmful emissions in the world’s top 100 ports."
8"Diesel PM or the soot in diesel exhaust is a carcinogen, designated by the World Health Organisation. These are tiny toxic particles consisting of roughly 40 different toxic air contaminants, 15 of which are carcinogenic. Some of these toxic chemicals can travel as far as 10,000 km via the PM in the air."
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The offshore vessels market in the E&P sector continues to be in doldrums
8Day rates for AHTSs and PSVs have come off 50% since 2014. half the fleet is either stacked or working in the spot market at low utilization
8Fleet utilization levels for rigs and OSVs are at sub 55% level
8The website carries here full data on offshore E&P spending and oil price as well as drilling demand for floaters and Jack-ups relationships in a graphical format
8Actual new build deliveries are also far below scheduled
Click on Reports for more on what is going on in this market but how some Indian companies are still trying to stay afloat Details
8Day rates for AHTSs and PSVs have come off 50% since 2014. half the fleet is either stacked or working in the spot market at low utilization
8Fleet utilization levels for rigs and OSVs are at sub 55% level
8The website carries here full data on offshore E&P spending and oil price as well as drilling demand for floaters and Jack-ups relationships in a graphical format
8Actual new build deliveries are also far below scheduled
Click on Reports for more on what is going on in this market but how some Indian companies are still trying to stay afloat Details
LNG prices have eased of late
8The supply-demand balance seems to be easing out a little
8From around October onwards LNG prices have climbed steadily upwards
8The high price of gas has stymied demand, particularly in a price sensitive country such as India
8But new capacities coming up, and subsequent to liberalization of the Japanese market, with new players coming in, prices are going to settle down, it seems
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8The supply-demand balance seems to be easing out a little
8From around October onwards LNG prices have climbed steadily upwards
8The high price of gas has stymied demand, particularly in a price sensitive country such as India
8But new capacities coming up, and subsequent to liberalization of the Japanese market, with new players coming in, prices are going to settle down, it seems
Click on Reports for more Details
OPaL, the ONGC promoted petrochemical JV, plans to capture up to 18% of the Indian market share by 2018
8Set up with an investment of Rs 30,000 crore, OPal has a Dual Feed Cracker with a capacity to produce 1100 KTPA ethylene, 400 KTPA propylene along with polymerisation units along with associated a Pyrolysis Gasoline Hydrogenation Unit, Butadiene and a benzene extraction units.
8The polymer plants of OPaL has a 2X360 KTPA of LLDPE/HDPE Swing unit, 1X340 KTPA of Dedicated HDPE and 1x340 KTPA of PP.
8The company plans to ride on the current upswing in petrochemical demand, growing at 10-12% per annum in the last decade, while it is expected to grow at a rate of 12-15% in the next decade.
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8Set up with an investment of Rs 30,000 crore, OPal has a Dual Feed Cracker with a capacity to produce 1100 KTPA ethylene, 400 KTPA propylene along with polymerisation units along with associated a Pyrolysis Gasoline Hydrogenation Unit, Butadiene and a benzene extraction units.
8The polymer plants of OPaL has a 2X360 KTPA of LLDPE/HDPE Swing unit, 1X340 KTPA of Dedicated HDPE and 1x340 KTPA of PP.
8The company plans to ride on the current upswing in petrochemical demand, growing at 10-12% per annum in the last decade, while it is expected to grow at a rate of 12-15% in the next decade.
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