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Apr 2017
There has been a dramatic crash in the prices of Logging While Drilling (LWD) equipment and services in India subsequent to the global fall in prices on account of capex contraction in the E&P segment.
8There was, according to a bidder, a cataclysmic drop in prices in the latest ONGC tender
8Coupled by predatory pricing by an entrenched international supplier, the bidding field turned out to be entirely one sided.
Click on Details to find out how prices went down by 60% from the last purchase price, much to ONGC's benefit Details
8There was, according to a bidder, a cataclysmic drop in prices in the latest ONGC tender
8Coupled by predatory pricing by an entrenched international supplier, the bidding field turned out to be entirely one sided.
Click on Details to find out how prices went down by 60% from the last purchase price, much to ONGC's benefit Details
Equipment and service suppliers are upset by the recent ONGC decision to call for validation of the genuineness of the all documents submitted by the winning bidder by a contract.
8The conditions for such validation have been very stringent and dependent entirely on the issuing authority.
8Suppliers are now complaining that they can be subjected to blackmail or sabotage by rivals or by the issuing authority
8ONGC is reported to be listening to these complaints
Click on Details for more Details
8The conditions for such validation have been very stringent and dependent entirely on the issuing authority.
8Suppliers are now complaining that they can be subjected to blackmail or sabotage by rivals or by the issuing authority
8ONGC is reported to be listening to these complaints
Click on Details for more Details
8Maintenance in a pipeline: RFQs to be floated by end May, 2017
8Maintenance in oil refinery: RFQS will be floated by end April, 2017
8Two new mounded storage vessels: RFQs expected by June, 2017
8BS VI project is coming up in a refinery: RFQs expected as soon as possible
Click on Details for more Details
8Maintenance in oil refinery: RFQS will be floated by end April, 2017
8Two new mounded storage vessels: RFQs expected by June, 2017
8BS VI project is coming up in a refinery: RFQs expected as soon as possible
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Engaging Consultant for Quantitative Risk Analysis in refinery Details
8EOI for supply production equipment for Early Production System Details
8Carrying out Stress analysis of piping system at refinery Details
8Procurement of Master Mass Flow Meter and Line Mass Flow Meter in refinery Details
8Integrated Exploration, Appraisal and Field Development Planning Services in RJ-ON-90/1 Block Details
8ARC for Calibration of Portable Gas Detectors for three years of Mehsana Asset Details
8Procurement of Domestic Regulators for City Gas Project Details
8Appointment of Internal Auditer for Central UP Gas Limited Details
8Procurement of Service Regulators for City Gas Project Details
8Repair and Maintenance of Valve Chamber, TLP and Markers for City Gas Project Details
8Supply of Natural Gas / Rlng for Non-urea Activity Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil down slightly in subdued trade after failed North Korean missile test Details
8Prices of kerosene, cooking gas will keep rising while subsidy burden will reduce slowly. Read why Details
8Global advanced biofuel market to grow 44% by 2021: Report Details
8Good news for crude oil market: Opec finally has an upper hand on US shale Details
8No more flashy buildings! Oil blues force Saudis to scrap half-done plans Details
8Iran launches offshore natural gas projects in Gulf to produce 150 mcm gas Details
8RIL introduces 12-week paid leave for 'commissioning' mothers Details
8Oil down slightly in subdued trade after failed North Korean missile test Details
8IOC’s Kochi LPG import terminal gets NGT nod Details
8 India wants a Gas-Based Economy Details
8Govt plans stake sale in IOC, SAIL, 5 other PSUs Details
8HPCL resumes work on Rs 41,000 crore Rajasthan oil refinery Details
You can also click on Newsclips for more Details
8Engaging Consultant for Quantitative Risk Analysis in refinery Details
8EOI for supply production equipment for Early Production System Details
8Carrying out Stress analysis of piping system at refinery Details
8Procurement of Master Mass Flow Meter and Line Mass Flow Meter in refinery Details
8Integrated Exploration, Appraisal and Field Development Planning Services in RJ-ON-90/1 Block Details
8ARC for Calibration of Portable Gas Detectors for three years of Mehsana Asset Details
8Procurement of Domestic Regulators for City Gas Project Details
8Appointment of Internal Auditer for Central UP Gas Limited Details
8Procurement of Service Regulators for City Gas Project Details
8Repair and Maintenance of Valve Chamber, TLP and Markers for City Gas Project Details
8Supply of Natural Gas / Rlng for Non-urea Activity Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil down slightly in subdued trade after failed North Korean missile test Details
8Prices of kerosene, cooking gas will keep rising while subsidy burden will reduce slowly. Read why Details
8Global advanced biofuel market to grow 44% by 2021: Report Details
8Good news for crude oil market: Opec finally has an upper hand on US shale Details
8No more flashy buildings! Oil blues force Saudis to scrap half-done plans Details
8Iran launches offshore natural gas projects in Gulf to produce 150 mcm gas Details
8RIL introduces 12-week paid leave for 'commissioning' mothers Details
8Oil down slightly in subdued trade after failed North Korean missile test Details
8IOC’s Kochi LPG import terminal gets NGT nod Details
8 India wants a Gas-Based Economy Details
8Govt plans stake sale in IOC, SAIL, 5 other PSUs Details
8HPCL resumes work on Rs 41,000 crore Rajasthan oil refinery Details
You can also click on Newsclips for more Details
Oil & Natural Gas Corp. Ltd. (ONGC) produces oil from the Western Offshore fields off the coast of Mumbai, India. Rather than decommission its fixed, jacket-type platforms dating back to the 1970s, ONGC opted to requalify the structures as fit for extended use.
8The $150-million project involved the structural assessment of more than 265 platforms, the majority of which had exceeded their 25-year design life. A foremost priority included the identification and delivery of strengthening and mitigation measures for 90% of these platforms, as well as the subsequent recertification necessary to meet industry safety requirements.
8The aim was to add 10-15 years to the structures’ lifespan.
8Studies conducted during the analyses included dent modeling, member-joint component strengthening, and additional pile modeling.
8Each requalification not only ensured uninterrupted oil production, but also avoided installation of a replacement platform at a net cost of $25 million.
Find out more on what was done.Click on Report. Details
8The $150-million project involved the structural assessment of more than 265 platforms, the majority of which had exceeded their 25-year design life. A foremost priority included the identification and delivery of strengthening and mitigation measures for 90% of these platforms, as well as the subsequent recertification necessary to meet industry safety requirements.
8The aim was to add 10-15 years to the structures’ lifespan.
8Studies conducted during the analyses included dent modeling, member-joint component strengthening, and additional pile modeling.
8Each requalification not only ensured uninterrupted oil production, but also avoided installation of a replacement platform at a net cost of $25 million.
Find out more on what was done.Click on Report. Details
There is huge demand coming up for equipment and services across the entire oil and gas value chain in India.
8A favourable regulatory framework, ageing infrastructure and the decontrolling of product prices are leading to a surge in demand
8Find out more on projected capital goods spending by Indian oil and gas companies.
8Get the details of key equipment manufacturers by segment in India
8There is increasing M&A activity in this segment as well as increasing interest from private equity players. Key deals which happened are highlighted
8A review is carried here of process equipment demand, including projections and key growth drivers, in the Indian oil & gas sector. The key challenges are identified, including high dependence on old process plant equipment
8There is also a full boiler industry review, in terms of market projections, key players, investments and key players
8A similar analysis is made of the valve market, where oil and accounts for half the market share. Large-size complex choke valves are extensively used in the exploration and production of oil. Hence, domestic manufacturers need to improve their technological capabilities to be able to address demand for complex valves from the oil and gas sector. The industrial valve market in India is differentiated in terms of end-user segmentation and vendor market share
8The pipe industry too is growing rapidly. Key players and growth drivers are highlighted
8Eventually, tax related issues that have been nagging the oil & gas equipment industry are documented
8Finally what needs to be done to bridge the gap between suppliers and end users is debated
Click on Reports for more Details
8A favourable regulatory framework, ageing infrastructure and the decontrolling of product prices are leading to a surge in demand
8Find out more on projected capital goods spending by Indian oil and gas companies.
8Get the details of key equipment manufacturers by segment in India
8There is increasing M&A activity in this segment as well as increasing interest from private equity players. Key deals which happened are highlighted
8A review is carried here of process equipment demand, including projections and key growth drivers, in the Indian oil & gas sector. The key challenges are identified, including high dependence on old process plant equipment
8There is also a full boiler industry review, in terms of market projections, key players, investments and key players
8A similar analysis is made of the valve market, where oil and accounts for half the market share. Large-size complex choke valves are extensively used in the exploration and production of oil. Hence, domestic manufacturers need to improve their technological capabilities to be able to address demand for complex valves from the oil and gas sector. The industrial valve market in India is differentiated in terms of end-user segmentation and vendor market share
8The pipe industry too is growing rapidly. Key players and growth drivers are highlighted
8Eventually, tax related issues that have been nagging the oil & gas equipment industry are documented
8Finally what needs to be done to bridge the gap between suppliers and end users is debated
Click on Reports for more Details
The website carries here a comprehensive analysis of the global petroleum products market
8It looks like Indian gasoline exports look to rebound from two-year low
8Naphtha too gets a lease of life while diesel demand could see a strong upside
8The outlook however for fuel oil is bleak
The website carries here price forecasts for Q-2, Q3 and Q-4 2017 for:
-- LPG
-- Lights ends
-- Middle distillates
-- Fuel oil
-- Refinery margins
Click on Reports for more Details
8It looks like Indian gasoline exports look to rebound from two-year low
8Naphtha too gets a lease of life while diesel demand could see a strong upside
8The outlook however for fuel oil is bleak
The website carries here price forecasts for Q-2, Q3 and Q-4 2017 for:
-- LPG
-- Lights ends
-- Middle distillates
-- Fuel oil
-- Refinery margins
Click on Reports for more Details
A new price index for Indian LNG cargoes has been introduced.
8It is called the SLING, named after the famous Singapore Sling, which, in effect, is the SGX LNG Index Group (“Sling”) created by Energy Market Company (“EMC”) and Singapore Exchange (“SGX”) to reflect the price of spot LNG cargoes at selected locations.
8The Indian index has been developed in collaboration with Tullett Prebon, the world’s leading physical LNG broker
Find out more on the index in terms of
8Assessment periods
8Index value calculations
8Determination methodology
8Dissemination time
8Hedging products
Click on Reports for more Details
8It is called the SLING, named after the famous Singapore Sling, which, in effect, is the SGX LNG Index Group (“Sling”) created by Energy Market Company (“EMC”) and Singapore Exchange (“SGX”) to reflect the price of spot LNG cargoes at selected locations.
8The Indian index has been developed in collaboration with Tullett Prebon, the world’s leading physical LNG broker
Find out more on the index in terms of
8Assessment periods
8Index value calculations
8Determination methodology
8Dissemination time
8Hedging products
Click on Reports for more Details
The Chabahar Port is the one where India is betting heavily to ensure a transit connection to Africa and Central Asia.
8The existing road network from the port is well connected to CIS nations, Europe, Central Asia, Afghanistan and Middle Eastern countries
8Find out more on what is the trading potential of this hub in terms of demand and supply of products and commodities.
8Trading volumes are growing and the composition of cargo is changing
8There are business opportunities which have come up for Phase-1 development of this port. Get the details of the equipment under procurement and likely to be procured in the future
Click on Reports for more Details
8The existing road network from the port is well connected to CIS nations, Europe, Central Asia, Afghanistan and Middle Eastern countries
8Find out more on what is the trading potential of this hub in terms of demand and supply of products and commodities.
8Trading volumes are growing and the composition of cargo is changing
8There are business opportunities which have come up for Phase-1 development of this port. Get the details of the equipment under procurement and likely to be procured in the future
Click on Reports for more Details
What is the tanker market outlook for 2017-2021?
8India's rising demand for crude is playing a very important role in determining the projection outcomes in the long range and VLCC segments
8Supply disruptions also have a disproportionate impact on India. To combat the decline in Nigerian production, for example, India increased its imports of both Iraqi and Iranian crude, which resulted in a 13.7% rise in tonne/mile demand for VLCCs engaged in this trade, while the West Africa/India sub-continent flow dropped by 14.6%.
8Then again, The Middle East, combined with India, contributed the highest amount of tonne/mile demand growth in 2016. This segment is going to continue to have a big global impact going ahead.
Click on Reports for more on what the future holds in store Details
8India's rising demand for crude is playing a very important role in determining the projection outcomes in the long range and VLCC segments
8Supply disruptions also have a disproportionate impact on India. To combat the decline in Nigerian production, for example, India increased its imports of both Iraqi and Iranian crude, which resulted in a 13.7% rise in tonne/mile demand for VLCCs engaged in this trade, while the West Africa/India sub-continent flow dropped by 14.6%.
8Then again, The Middle East, combined with India, contributed the highest amount of tonne/mile demand growth in 2016. This segment is going to continue to have a big global impact going ahead.
Click on Reports for more on what the future holds in store Details
A new global shipping agency has been launched on April 1, 2017, which will bring the role of a ship's agent back into focus
8The agency will will start operations with 299 parent company propriety offices across 49 countries, supported by a network of vetted third-party agents worldwide, which are due to be announced soon.
8The new agency will market its expertise to vessel owners, operators, managers, pool managers and charterers, including traders, among others, involved in shipping crude oil, clean and dirty products, chemicals and gas, as well as drybulk and project cargoes.
8As an Indian shipping agent, are you being vetted to be included in this mega agency?
Click on Reports to find out more Details
8The agency will will start operations with 299 parent company propriety offices across 49 countries, supported by a network of vetted third-party agents worldwide, which are due to be announced soon.
8The new agency will market its expertise to vessel owners, operators, managers, pool managers and charterers, including traders, among others, involved in shipping crude oil, clean and dirty products, chemicals and gas, as well as drybulk and project cargoes.
8As an Indian shipping agent, are you being vetted to be included in this mega agency?
Click on Reports to find out more Details
8There has always been a compelling story circulating about how larger product carriers are the future, in particular the LR2s. Find out more
8Read more on ‘Vessel STS clearance - a need for standardisation’ and a training academy for officers for STS certification
8Full details of the top 30 tanker operators in the world. At the bottom of the pile is the Shipping Corporation of India
Click on Reports for more Details
8Read more on ‘Vessel STS clearance - a need for standardisation’ and a training academy for officers for STS certification
8Full details of the top 30 tanker operators in the world. At the bottom of the pile is the Shipping Corporation of India
Click on Reports for more Details
With global oil demand roaring ahead and the surprising success of the OPEC's supply cut agreement are making a compelling case for revising likely crude oil prices in 2017-18
8Clearly, improving macroeconomic activity is supporting industrial demand
8Pivot to fiscal policy and China’s expansionary policy to support growth in demand
8Then again, refinery start-ups will support demand even though margins will weaken
8The other conclusion is that the increase in shale gas output cannot offset massive Capex cuts elsewhere
8The rest of the 2017 forecast is now above $60 per barrel
8The 2018 and 2019 forecast is nearer to $ 100/bbl
Click on Reports for more Details
8Clearly, improving macroeconomic activity is supporting industrial demand
8Pivot to fiscal policy and China’s expansionary policy to support growth in demand
8Then again, refinery start-ups will support demand even though margins will weaken
8The other conclusion is that the increase in shale gas output cannot offset massive Capex cuts elsewhere
8The rest of the 2017 forecast is now above $60 per barrel
8The 2018 and 2019 forecast is nearer to $ 100/bbl
Click on Reports for more Details
8A new Rs 180 crore LPG Terminal is coming up : RFQs expected as soon as possible.
8A Low Cost Refinery Expansion Project: Commissioning in June, 2017.
8A new product Rs 235 km pipeline is coming up: RFQs expected soon
8Demand for six new new mounded storage vessels coming up for rs 100 crore: TOR expected by May, 2017.
Click on Details for more Details
8A Low Cost Refinery Expansion Project: Commissioning in June, 2017.
8A new product Rs 235 km pipeline is coming up: RFQs expected soon
8Demand for six new new mounded storage vessels coming up for rs 100 crore: TOR expected by May, 2017.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of completion services for all the 34 wells in KG-DWN 98/2 Cluster field Details
8Turnaround of Slug Catchers at Hazira Plant Details
8Project Insurance for laying of different pipelines Details
8Supply and installation of Ultrasonic Flowmeters in refinery Details
8ARC for providing assistance services for operating and maintaining of Mobile Oil Spillage Recovery Unit Details
8Consultancy Services for Conducting EIA and EC for proposed grass root LPG Bottling Plant Details
8Supply and Commissioning of Fire Protection System and Mechanical piping vessels and machinery and allied civil works Details
8Stress analysis of piping system of refinery Details
8Hiring of Light Commercial Vehicles for CNG Transporatation Details
8Carrying out Operation & Maintenance Services of Production Facilities at Ankleshwar Block Details
8Desludging and Mechanical Oil Recovery from crude tanks bottom sludge Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India exporting more naphtha to Asia Details
8Cairn India needs third-party reserve audit for 10-year licence extension Details
8Numaligarh Refinery signs MoU to import crude oil via Paradip port Details
8Over 20 million households joined PMUY last financial year Details
8Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04 Details
8There is a new India emerging, there must be a new Odisha also: Dharmendra Pradhan Details
8Taken corrective steps: IOC refinery Details
8Alaska oil well leaking gas in northern part of state Details
8RIL, other Coal Bed Methane producers get pricing, marketing freedom Details
8Cairn and its partners to invest Rs 3,240 crore in Ravva Fields in KG Basin Details
8Reliance Industries, other CBM producers get pricing, marketing freedom Details
8MoU signed for Assams Numaligarh Refinery expansion Details
8Oil sector needs more competition Details
8Lohia family’s Indorama Ventures eyes stake in Haldia Petrochemicals Details
You can also click on Newsclips for more Details
8Hiring of completion services for all the 34 wells in KG-DWN 98/2 Cluster field Details
8Turnaround of Slug Catchers at Hazira Plant Details
8Project Insurance for laying of different pipelines Details
8Supply and installation of Ultrasonic Flowmeters in refinery Details
8ARC for providing assistance services for operating and maintaining of Mobile Oil Spillage Recovery Unit Details
8Consultancy Services for Conducting EIA and EC for proposed grass root LPG Bottling Plant Details
8Supply and Commissioning of Fire Protection System and Mechanical piping vessels and machinery and allied civil works Details
8Stress analysis of piping system of refinery Details
8Hiring of Light Commercial Vehicles for CNG Transporatation Details
8Carrying out Operation & Maintenance Services of Production Facilities at Ankleshwar Block Details
8Desludging and Mechanical Oil Recovery from crude tanks bottom sludge Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India exporting more naphtha to Asia Details
8Cairn India needs third-party reserve audit for 10-year licence extension Details
8Numaligarh Refinery signs MoU to import crude oil via Paradip port Details
8Over 20 million households joined PMUY last financial year Details
8Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04 Details
8There is a new India emerging, there must be a new Odisha also: Dharmendra Pradhan Details
8Taken corrective steps: IOC refinery Details
8Alaska oil well leaking gas in northern part of state Details
8RIL, other Coal Bed Methane producers get pricing, marketing freedom Details
8Cairn and its partners to invest Rs 3,240 crore in Ravva Fields in KG Basin Details
8Reliance Industries, other CBM producers get pricing, marketing freedom Details
8MoU signed for Assams Numaligarh Refinery expansion Details
8Oil sector needs more competition Details
8Lohia family’s Indorama Ventures eyes stake in Haldia Petrochemicals Details
You can also click on Newsclips for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Hydro-treater and Hydro-finishing catalysts for production of Lube Oil Base Stock Details
8Appointment of Direct Marketing Agency for Domestic & Commercial PNG Marketing Details
8Details for Pre-Tender Meet for carrying out Coating Works Details
8Hiring of Coring Services on Call Out basis in Rajasthan Details
8Annual Rate Contract for Mechanical, Piping and allied works for the execution of various process schemes related to modification at refinery Details
8Supply of Globe Control Valves for VGO Unit Details
8Carrying out miscellaneous Non-Shutdown Piping Jobs at offsite area of refinery Details
8Balance works for Maintenance and Inspection of Crude Oil Storage Tanks Details
8Carrying out inertisation of newly constructed station piping network under PHD LPG Pipeline Project by Nitrogen Purging Method Details
8Carrying out Civil, Mechanical & Electrical works for installation of CNG station Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8International Energy Agency says global oil market now close to balance Details
8Hydrogen fuel cell cars creep up _ slowly _ on electrics Details
8New U.S. pipelines to drive natural gas boom as exports surge Details
8India to build diesel, gas pipelines to Bangladesh Details
8OIL raises $500 mn in overseas bonds to part repay bridge loan Details
84 major effects of dynamic fuel pricing which india may witness in coming days Details
8Vedanta's financial flexibility improves with merger: S&P Global Ratings Details
8Govt intends to progressively increase local content in oil PSU contracts Details
8Oil Ministry local content strategy to be incremental Details
8Daily pricing positive for oil marketing companies marketing margin Details
8Petroleum dealers demand oil depot Details
8India to finance 131 km Indo -Bangla Friendship pipeline Details
8Essar, Adani and JSW to build LNG terminals at ports Details
You can also click on Newsclips for more Details
8Procurement of Hydro-treater and Hydro-finishing catalysts for production of Lube Oil Base Stock Details
8Appointment of Direct Marketing Agency for Domestic & Commercial PNG Marketing Details
8Details for Pre-Tender Meet for carrying out Coating Works Details
8Hiring of Coring Services on Call Out basis in Rajasthan Details
8Annual Rate Contract for Mechanical, Piping and allied works for the execution of various process schemes related to modification at refinery Details
8Supply of Globe Control Valves for VGO Unit Details
8Carrying out miscellaneous Non-Shutdown Piping Jobs at offsite area of refinery Details
8Balance works for Maintenance and Inspection of Crude Oil Storage Tanks Details
8Carrying out inertisation of newly constructed station piping network under PHD LPG Pipeline Project by Nitrogen Purging Method Details
8Carrying out Civil, Mechanical & Electrical works for installation of CNG station Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8International Energy Agency says global oil market now close to balance Details
8Hydrogen fuel cell cars creep up _ slowly _ on electrics Details
8New U.S. pipelines to drive natural gas boom as exports surge Details
8India to build diesel, gas pipelines to Bangladesh Details
8OIL raises $500 mn in overseas bonds to part repay bridge loan Details
84 major effects of dynamic fuel pricing which india may witness in coming days Details
8Vedanta's financial flexibility improves with merger: S&P Global Ratings Details
8Govt intends to progressively increase local content in oil PSU contracts Details
8Oil Ministry local content strategy to be incremental Details
8Daily pricing positive for oil marketing companies marketing margin Details
8Petroleum dealers demand oil depot Details
8India to finance 131 km Indo -Bangla Friendship pipeline Details
8Essar, Adani and JSW to build LNG terminals at ports Details
You can also click on Newsclips for more Details
8The ministry of shipping is planning a liquefied natural gas (LNG) bunkering facility at Dharamtar Creek near Mumbai, similar to the one being set up within the premises of Haldia Dock Complex on the eastern coast.Click on Report for more.
8The Cabinet has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh as "an Institute of National Importance" through an Act of Parliament. An outlay of Rs 655 crore has been approved.Click on Report for more.
8The full policy parameters for the grant of extension to Production Sharing Contracts for pre-NELP blocks are carried here.Click on Report for more.
8Latest subsidy outgo on kerosene and LPG and Indian basket of crude prices
Click on Reports for more on these briefs Details
8The Cabinet has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh as "an Institute of National Importance" through an Act of Parliament. An outlay of Rs 655 crore has been approved.Click on Report for more.
8The full policy parameters for the grant of extension to Production Sharing Contracts for pre-NELP blocks are carried here.Click on Report for more.
8Latest subsidy outgo on kerosene and LPG and Indian basket of crude prices
Click on Reports for more on these briefs Details
Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking.
8Futures in New York were holding gains after rising 6.3 percent in the previous six sessions.
8Saudi Arabia is likely to back prolonging the curbs into the second half of 2017 in an effort to boost prices, according to a person familiar with the kingdom’s internal discussions. Several other countries, including Kuwait, have also expressed public support for an extension.
8Industry data was said to show U.S. crude supplies fell last week, leading to the increase in price.
Click on Reports for more Details
8Futures in New York were holding gains after rising 6.3 percent in the previous six sessions.
8Saudi Arabia is likely to back prolonging the curbs into the second half of 2017 in an effort to boost prices, according to a person familiar with the kingdom’s internal discussions. Several other countries, including Kuwait, have also expressed public support for an extension.
8Industry data was said to show U.S. crude supplies fell last week, leading to the increase in price.
Click on Reports for more Details
Additional gas availability from ONGC eastern offshore fields are going to be as much as 6 mmscmd and most if its in going to land at the Odalarevu in Kakinada
8GAIL has been identified to lift the additional quantum of gas
For reference purposes, the website carries here the following information
8Additional gas volumes to be available from ONGC's VA, S2Ab and AC fields over the next 10 years
8Injection points for the gas
8The gas volumes will go up further in 2019 when the big production from the KG-DWN-98/2 field kicks in
8Details on the additional gas pipeline network in the vicinity are also carried here
8Demand supply projections along with the length of the tie-in connectivity by GAIL are also documented
Business opportunities are available in the building of this infrastructure
Click on Reprots for more Details
8GAIL has been identified to lift the additional quantum of gas
For reference purposes, the website carries here the following information
8Additional gas volumes to be available from ONGC's VA, S2Ab and AC fields over the next 10 years
8Injection points for the gas
8The gas volumes will go up further in 2019 when the big production from the KG-DWN-98/2 field kicks in
8Details on the additional gas pipeline network in the vicinity are also carried here
8Demand supply projections along with the length of the tie-in connectivity by GAIL are also documented
Business opportunities are available in the building of this infrastructure
Click on Reprots for more Details
Even as Indian casing pipe manufacturers have emerged winners against their Chinese counterparts, the Union cabinet has cleared a policy that calls for public sector oil and gas companies to incorporate a compulsory local content caveat in their purchase policy.
8The Policy will be applicable for five years. A steering committee will be constituted to oversee implementation of the Policy and carry out annual review and recommend continuation of the policy from year to year basis.
8Under the Policy, the targets of Local Content (LC) will be stipulated for certain oil and gas business activities.
8The manufacturers/ service providers who meet the local content targets and whose quoted price is within 10% of the lowest valid price bid would be eligible for purchase preference for a stipulated portion of the purchase order on matching such price.
8How will such a policy impact the oil and gas industry?
Click on Reports to find out more Details
8The Policy will be applicable for five years. A steering committee will be constituted to oversee implementation of the Policy and carry out annual review and recommend continuation of the policy from year to year basis.
8Under the Policy, the targets of Local Content (LC) will be stipulated for certain oil and gas business activities.
8The manufacturers/ service providers who meet the local content targets and whose quoted price is within 10% of the lowest valid price bid would be eligible for purchase preference for a stipulated portion of the purchase order on matching such price.
8How will such a policy impact the oil and gas industry?
Click on Reports to find out more Details
The LNG bunkering market in India as well as in Asia is gearing up for growth in the next two to three years. This is largely due to the implementation of stricter environmental regulations across the globe to improve the emissions performance of shipping companies.
8Although there are several compliant solutions for the industry, such as the use of exhaust gas cleaning systems (also known as scrubbers) and low sulphur marine fuels, LNG provides a more future-fit solution that is able to meet the new regulations because of its better emissions performance.
8Its zero sulphur content and relatively low levels of nitrogen oxides emitted mean that LNG outperforms any other conventional marine fuel on a local emissions basis, allowing the industry to be future-proofed against more demanding environmental regulations.
8The abundance in natural gas supply also makes LNG a more sustainable alternative fuel – according to some estimates, the reserves for natural gas can last much longer than the world’s oil reserves
Click on Reports for more Details
8Although there are several compliant solutions for the industry, such as the use of exhaust gas cleaning systems (also known as scrubbers) and low sulphur marine fuels, LNG provides a more future-fit solution that is able to meet the new regulations because of its better emissions performance.
8Its zero sulphur content and relatively low levels of nitrogen oxides emitted mean that LNG outperforms any other conventional marine fuel on a local emissions basis, allowing the industry to be future-proofed against more demanding environmental regulations.
8The abundance in natural gas supply also makes LNG a more sustainable alternative fuel – according to some estimates, the reserves for natural gas can last much longer than the world’s oil reserves
Click on Reports for more Details
Is the low cost model the way out to bring more LNG into India?
8Given low pipeline penetration in India, small LNG ships are being proposed to be deployed
8Innovatively, existing or under construction oil jetties are being utilized to also handle LNG
8Lack of pipeline networks are not hindering the ambitions of investors, it seems
8The idea seems to be that once the LNG infrastructure is there, the pipelines will come, instead of the other way round
8Road transport of LNG and bunker fuel are the two planks on which these types of terminals are expected to come up in the future
Click on Reports for more Details
8Given low pipeline penetration in India, small LNG ships are being proposed to be deployed
8Innovatively, existing or under construction oil jetties are being utilized to also handle LNG
8Lack of pipeline networks are not hindering the ambitions of investors, it seems
8The idea seems to be that once the LNG infrastructure is there, the pipelines will come, instead of the other way round
8Road transport of LNG and bunker fuel are the two planks on which these types of terminals are expected to come up in the future
Click on Reports for more Details
A new LNG terminal is coming up in West Bengal
8The terminal will cater to potential demand in the region, coming out of the refineries, petrochemical projects and fertilizer plants.
8Local city gas distribution demand is also expected to grow
8Two existing jetties will be used to berth LNG vessels of 10,000 to 50,000 cbm capacity. Equipments for handling of LNG need to be installed such as marine unloading arms, cryogenic pipelines etc. Modification of the jetties may be required for marine fixtures.
8Additional equipments and safety features will be installed on the jetty for handling LNG based on risk assessment
8Initial plan is to develop storage facilities of ~40,000 cbm at the allotted land.
8Bunkering facilities will also be developed
83 Road Gantry facilities of 8 bays each (total of 24 bays) are planned in phases based on demand. If initial expected demand is low, only 4 bays will be developed initially and as demand increase more bays will be added to the terminal. For better utilization of terminal and to avoid congestion of truck parking area, it is proposed to have full day operation for the road gantry and required safety guidelines will be followed for night loading operation subject to getting required approvals from concerned authorities.
8Project cost is a mere Rs 450 crore
Click on Reports for more Details
8The terminal will cater to potential demand in the region, coming out of the refineries, petrochemical projects and fertilizer plants.
8Local city gas distribution demand is also expected to grow
8Two existing jetties will be used to berth LNG vessels of 10,000 to 50,000 cbm capacity. Equipments for handling of LNG need to be installed such as marine unloading arms, cryogenic pipelines etc. Modification of the jetties may be required for marine fixtures.
8Additional equipments and safety features will be installed on the jetty for handling LNG based on risk assessment
8Initial plan is to develop storage facilities of ~40,000 cbm at the allotted land.
8Bunkering facilities will also be developed
83 Road Gantry facilities of 8 bays each (total of 24 bays) are planned in phases based on demand. If initial expected demand is low, only 4 bays will be developed initially and as demand increase more bays will be added to the terminal. For better utilization of terminal and to avoid congestion of truck parking area, it is proposed to have full day operation for the road gantry and required safety guidelines will be followed for night loading operation subject to getting required approvals from concerned authorities.
8Project cost is a mere Rs 450 crore
Click on Reports for more Details
The fact that Indian companies have been able to ward of Chinese competition in the casing pipe business in the E&P industry is a source of pride for enthusiasts of the Make in India policy of the Prime Minister.
8Two Indian companies beat the Chinese and other international companies to grab a recent ONGC tender for casing pipes worth a massive Rs 600 crore
8This is no mean feat and is a tribute to the Indian companies' economies of scale and capability
8This is one E&P industry where Indian companies can really stand up and be counted, not just in India but in the world
Click on Details to find out more on who the two beat the competition Details
8Two Indian companies beat the Chinese and other international companies to grab a recent ONGC tender for casing pipes worth a massive Rs 600 crore
8This is no mean feat and is a tribute to the Indian companies' economies of scale and capability
8This is one E&P industry where Indian companies can really stand up and be counted, not just in India but in the world
Click on Details to find out more on who the two beat the competition Details
It is now learnt from well placed sources in ONGC that the Indian companies in fact were able to beat the competitors with a wide margin in the casing pipes tender.
8The price differential between the Indian companies and the foreign competition were high.
8Not just that, it is also learnt that the injury thresholds for for the Anti Dumping Duty on Chinese casing pipe imports were not breached at the price levels at which the two Indian companies bid for casing pipes.
8What is more the Indian companies strategized well, staying away from competing from each other in the various categories in which they were bidding.
Click on Details to find out more Details
8The price differential between the Indian companies and the foreign competition were high.
8Not just that, it is also learnt that the injury thresholds for for the Anti Dumping Duty on Chinese casing pipe imports were not breached at the price levels at which the two Indian companies bid for casing pipes.
8What is more the Indian companies strategized well, staying away from competing from each other in the various categories in which they were bidding.
Click on Details to find out more Details
The casing pipe industry in India has emerged with a strong base in India despite the fact that the E&P industry in India is not as large as it is in other parts of the world.
8A strong manufacturing base, massive political heft and lobbying capacity to ward of the competition and a growing Indian industrial base have allowed a few companies to monopolize the industrial pipes business in India.
8Some of the companies have now diversified to markets across the world, supplying to leading global companies in the face of intense global competition
Click on Details for more Details
8A strong manufacturing base, massive political heft and lobbying capacity to ward of the competition and a growing Indian industrial base have allowed a few companies to monopolize the industrial pipes business in India.
8Some of the companies have now diversified to markets across the world, supplying to leading global companies in the face of intense global competition
Click on Details for more Details
8A new product pipeline is coming up : RFQs expected as soon as possible.
-- Site grading and boundary wall works has been under progress.
-- EC has been already granted.
8Six new mounded storage vessels is coming up: TOR expected by May, 2017.
-- PFR has been already done.
-- Proposed capacity will be 6X1000 MT.
--Cost of the project will be Rs. 96 crore.
Click on Details for more Details
-- Site grading and boundary wall works has been under progress.
-- EC has been already granted.
8Six new mounded storage vessels is coming up: TOR expected by May, 2017.
-- PFR has been already done.
-- Proposed capacity will be 6X1000 MT.
--Cost of the project will be Rs. 96 crore.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Decoking by Mechanical Pigging method for Furnace tubes in refinery Details
8Providing Maintenance Services for DHT Plant at refinery Details
8Annual Rate Contract for Consultancy Services at refinery Details
8Carrying out Comprehensive Antifoulant Treatment Programme in refinery Details
8Supply of Pipes with MTC under Third Party Inspection for Aviation Module & Lube Storage Vessels Details
8Procurement of Corrosion Inhibitor for Continuous Injection in Onshore Crude Oil Pipelines Details
8Chemical Cleaning of shell for Heat Exchangers in refinery Details
8Annual Rate Contract for Mechanical, Piping and allied Works for the execution of various process schemes related to modification refinery Details
8Rate Contract for Laying and Maintenance of Underground Oil and Gas Pipelines in Ankleshwar Asset and Cambay Asset Details
8Expression of Interest for Integrated Exploration, Appraisal and Field Development Planning Services in RJ-ON-90/1 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Here's what will happen when you go to a petrol pump from next month Details
8Oil prices rise on prospect that Saudi Arabia seeking output cut extension Details
8Sri Lanka, India to jointly run Trincomalee oil facility: Minister C Weerakkody Details
8Mega merger: A state oil conglomerate in the works to compete with global biggies Details
8Petrol, diesel prices to change every day from next month Details
8Reliance Industries to start coal-bed gas sales in May as prices freed Details
8Oil India arm raises $500 million Details
8Post-merger, Cairn India to leverage stronger balance-sheet: CFO Mathur Details
8Why India is creating an oil and gas behemoth Details
8Oil PSUs to give preference to domestic cos in procurement Details
8Cabinet approves Policy to provide Purchase Preference in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas Details
8Cabinet approves setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh Details
8Cabinet approves signing of Framework of Understanding between India and Bangladesh on Cooperation in the hydrocarbon sector Details
You can also click on Newsclips for more Details
8Decoking by Mechanical Pigging method for Furnace tubes in refinery Details
8Providing Maintenance Services for DHT Plant at refinery Details
8Annual Rate Contract for Consultancy Services at refinery Details
8Carrying out Comprehensive Antifoulant Treatment Programme in refinery Details
8Supply of Pipes with MTC under Third Party Inspection for Aviation Module & Lube Storage Vessels Details
8Procurement of Corrosion Inhibitor for Continuous Injection in Onshore Crude Oil Pipelines Details
8Chemical Cleaning of shell for Heat Exchangers in refinery Details
8Annual Rate Contract for Mechanical, Piping and allied Works for the execution of various process schemes related to modification refinery Details
8Rate Contract for Laying and Maintenance of Underground Oil and Gas Pipelines in Ankleshwar Asset and Cambay Asset Details
8Expression of Interest for Integrated Exploration, Appraisal and Field Development Planning Services in RJ-ON-90/1 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Here's what will happen when you go to a petrol pump from next month Details
8Oil prices rise on prospect that Saudi Arabia seeking output cut extension Details
8Sri Lanka, India to jointly run Trincomalee oil facility: Minister C Weerakkody Details
8Mega merger: A state oil conglomerate in the works to compete with global biggies Details
8Petrol, diesel prices to change every day from next month Details
8Reliance Industries to start coal-bed gas sales in May as prices freed Details
8Oil India arm raises $500 million Details
8Post-merger, Cairn India to leverage stronger balance-sheet: CFO Mathur Details
8Why India is creating an oil and gas behemoth Details
8Oil PSUs to give preference to domestic cos in procurement Details
8Cabinet approves Policy to provide Purchase Preference in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas Details
8Cabinet approves setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh Details
8Cabinet approves signing of Framework of Understanding between India and Bangladesh on Cooperation in the hydrocarbon sector Details
You can also click on Newsclips for more Details
A prestigious internal journal has come to the conclusion that India's boost to exploration policy may in fact not pay off
8It says that India is pursuing a new policy to boost exploration and production, but there are doubts as to whether it will make much of a difference, given the country’s huge population, its rapidly growing economy and its relatively meager endowment of oil and gas resources.
8It quotes BP chief BP CEO Bob Dudley, who said that whole he was “very encouraged” by the new policy, he would like additional assurances from the government before making a decision on additional investment in gas resources off India’s eastern coast, where it is working with local partner Reliance Industries.
8Similarly, Sarah Ladislaw, director of the Energy and National Security Program at the Center for Strategic and International Studies in Washington, said the new HELP policy is likely to have only a modest impact at best.
Click on Reports for more Details
8It says that India is pursuing a new policy to boost exploration and production, but there are doubts as to whether it will make much of a difference, given the country’s huge population, its rapidly growing economy and its relatively meager endowment of oil and gas resources.
8It quotes BP chief BP CEO Bob Dudley, who said that whole he was “very encouraged” by the new policy, he would like additional assurances from the government before making a decision on additional investment in gas resources off India’s eastern coast, where it is working with local partner Reliance Industries.
8Similarly, Sarah Ladislaw, director of the Energy and National Security Program at the Center for Strategic and International Studies in Washington, said the new HELP policy is likely to have only a modest impact at best.
Click on Reports for more Details
After the OPEC deal to cut output, the Middle East crude has moved higher as the market priced in the prospect of cuts in term supply from OPEC producers.
8In the meantime, the narrow EFS spread and cheap freight has made long haul Brent related crude grades attractive to Asian refiners and this has led to a surge of Atlantic basin crudes making the voyage eastwards to refineries across Asia, ranging from China to Japan to Thailand and to India.
8Since the beginning of the year Asian refineries have been looking at a wider range of crudes to run as they seek to diversify their supplies and reduce the impact of OPEC related production cuts.
8Two of India's largest refiners, Reliance and state-owned Indian Oil Corp., have also been looking at Russian Urals crude as the key export grade shows signs of competing with some Middle Eastern sour barrels.
8Recently, IOC branched out and bought a 1 million-barrel cargo of the eastern Canadian Hibernia crude into its April-May tender. The cargo is only the second shipment of eastern Canadian crude to make the trip to India, with the previous one in November 2013.
Click on Reports for more Details
8In the meantime, the narrow EFS spread and cheap freight has made long haul Brent related crude grades attractive to Asian refiners and this has led to a surge of Atlantic basin crudes making the voyage eastwards to refineries across Asia, ranging from China to Japan to Thailand and to India.
8Since the beginning of the year Asian refineries have been looking at a wider range of crudes to run as they seek to diversify their supplies and reduce the impact of OPEC related production cuts.
8Two of India's largest refiners, Reliance and state-owned Indian Oil Corp., have also been looking at Russian Urals crude as the key export grade shows signs of competing with some Middle Eastern sour barrels.
8Recently, IOC branched out and bought a 1 million-barrel cargo of the eastern Canadian Hibernia crude into its April-May tender. The cargo is only the second shipment of eastern Canadian crude to make the trip to India, with the previous one in November 2013.
Click on Reports for more Details
The Indian M&A market for the oil & gas sector had a blockbuster year
8A total of 18 deals having a disclosed deal value of US$19.6 billion were recorded, the highest deal value ever for the sector, on the back of the announced US$12.9 billion Essar-Rosneft
deal.
8The sector also registered the most robust deal value across all sectors.
8Find out more on what the outlook is in this segment
Click on Reports for more Details
8A total of 18 deals having a disclosed deal value of US$19.6 billion were recorded, the highest deal value ever for the sector, on the back of the announced US$12.9 billion Essar-Rosneft
deal.
8The sector also registered the most robust deal value across all sectors.
8Find out more on what the outlook is in this segment
Click on Reports for more Details
There is a big refined products summit coming up in May in Singapore that Indian refiners might like to attend. It will highlight the new changes taking places in the refined global and Asian refined products market
8The Indian Maritime University, promoted by the ministry of shipping, was set up to promote maritime studies, training, research and extension with focus on emerging areas like oceanography, maritime history, maritime laws, maritime security, search and rescue, transportation of dangerous cargo, environmental studies and other related fields, and to achieve excellence in these areas. Find out more on how taking a course here can enhance your career.Click on Report for more.
8Cairn Energy PLC may have quit India by selling out its prized Barmer field to the Vedanta Group but it still is an active oil and gas players with acerages in Norway, UK and Senegal. As always, the company's exploration focus is on frontier and emerging basins acreage from which the greatest value can be created. Its production assets provide the cash flow to sustain exploration and development activity.Click On Report.
8The Indian Ocean has always been and will remain on the strategic radar of great powers. Given its strategic location with abundant oil, mineral resources it is the focus of rivalry between India and China. is China winning the game here, with reports of its nuclear fleet patrolling the Bay of Bengal? And how is India fighting back? Find our more Click on Report.
8Find out why HOEC's share price has been going up of late. What is at play for this pure E&P player with a cash rich balance sheet and some good E&P assets that it is on the verge of monetizing. Click on Report for more Details.
8Mangalore Refinery and Petrochemicals Ltd (MRPL) has offloaded 40,000 mt of jet fuel for May 7-9 loading from New Mangalore to Emirates National Oil Co (ENOC) at discounts of
around $1.25-1.35/bbl to Singapore quotes on FOB basis, according to a trade source. The company offloaded a similar parcel for Mar 27-29 loading from New Mangalore to Shell at a
discount of $1/bbl to Singapore quotes on FOB basis. Find out more Click on Report. Details
8The Indian Maritime University, promoted by the ministry of shipping, was set up to promote maritime studies, training, research and extension with focus on emerging areas like oceanography, maritime history, maritime laws, maritime security, search and rescue, transportation of dangerous cargo, environmental studies and other related fields, and to achieve excellence in these areas. Find out more on how taking a course here can enhance your career.Click on Report for more.
8Cairn Energy PLC may have quit India by selling out its prized Barmer field to the Vedanta Group but it still is an active oil and gas players with acerages in Norway, UK and Senegal. As always, the company's exploration focus is on frontier and emerging basins acreage from which the greatest value can be created. Its production assets provide the cash flow to sustain exploration and development activity.Click On Report.
8The Indian Ocean has always been and will remain on the strategic radar of great powers. Given its strategic location with abundant oil, mineral resources it is the focus of rivalry between India and China. is China winning the game here, with reports of its nuclear fleet patrolling the Bay of Bengal? And how is India fighting back? Find our more Click on Report.
8Find out why HOEC's share price has been going up of late. What is at play for this pure E&P player with a cash rich balance sheet and some good E&P assets that it is on the verge of monetizing. Click on Report for more Details.
8Mangalore Refinery and Petrochemicals Ltd (MRPL) has offloaded 40,000 mt of jet fuel for May 7-9 loading from New Mangalore to Emirates National Oil Co (ENOC) at discounts of
around $1.25-1.35/bbl to Singapore quotes on FOB basis, according to a trade source. The company offloaded a similar parcel for Mar 27-29 loading from New Mangalore to Shell at a
discount of $1/bbl to Singapore quotes on FOB basis. Find out more Click on Report. Details
8LPG Import Terminal is coming up: RFQs expected by Q3, 2017
--Capacity of this terminal will be 1.0 MMTPA.
8Pipeline Maintenance work is coming up: Contractor requirement coming up
--Duration of this maintenance work will be 24 months.
-- Work will start in Q4, 2017
Click on Details for more Details
--Capacity of this terminal will be 1.0 MMTPA.
8Pipeline Maintenance work is coming up: Contractor requirement coming up
--Duration of this maintenance work will be 24 months.
-- Work will start in Q4, 2017
Click on Details for more Details
ONGC's combined Sub Sea Production System (SPS) and Sub Sea Umblical Riser and Flow Lines (SURF) Request for Quotation for the $ 5 billion KG-DWN-98/2 project is among the most most complex such tenders in the world.
8There is a good volume of interest among bidders for this job but ONGC itself is grappling with its complexity in this deepwater high pressure high temperature block.
8Non standard Pre Qualification Criteria and Bid Evaluation Criteria are being included, including a different kind of pricing structure and other general conditions of contract.
8Sources said that pre-qualification interactions with potential bidders have come up with a whole set of problems, including the fact that no one company in the world can bid for the combined work on its own strength.
8The idea seems to be to be keep the qualification criteria as open as possible.
Click on Details to find out more on who are the six key contacts in ONGC who will be having a big say on who finally bags the tender Details
8There is a good volume of interest among bidders for this job but ONGC itself is grappling with its complexity in this deepwater high pressure high temperature block.
8Non standard Pre Qualification Criteria and Bid Evaluation Criteria are being included, including a different kind of pricing structure and other general conditions of contract.
8Sources said that pre-qualification interactions with potential bidders have come up with a whole set of problems, including the fact that no one company in the world can bid for the combined work on its own strength.
8The idea seems to be to be keep the qualification criteria as open as possible.
Click on Details to find out more on who are the six key contacts in ONGC who will be having a big say on who finally bags the tender Details
High placed ONGC sources told this website that the tender will be the biggest single component of the $ 5 billion contract
8There was an extensive exercise within ONGC through a series of internal exercises and informal RFQs and interactions with its main consultants, including INTECSEA on the value of the contract.
8Two other individual consultants hired special for the block were also consultant
8After an extensive amount of work, ONGC has arrived an internal estimate for the joint SPF and SURF tender.
8Bidders will have to keep the price tag around this internal price in order to qualify. ONGC allows for a certain level of variation above this internal price but it will be better for the consortium bidding for the tender to keep this price tag in its mind while working out the costings.
8Clearly this integrated tender is the largest cost component of the entire project.
Click on Details to find out more Details
8There was an extensive exercise within ONGC through a series of internal exercises and informal RFQs and interactions with its main consultants, including INTECSEA on the value of the contract.
8Two other individual consultants hired special for the block were also consultant
8After an extensive amount of work, ONGC has arrived an internal estimate for the joint SPF and SURF tender.
8Bidders will have to keep the price tag around this internal price in order to qualify. ONGC allows for a certain level of variation above this internal price but it will be better for the consortium bidding for the tender to keep this price tag in its mind while working out the costings.
8Clearly this integrated tender is the largest cost component of the entire project.
Click on Details to find out more Details
Clearly the tender is so complex that no individual contractor can bid for it alone.
8In fact ONGC is actively discouraging an individual foray or joint ventures, instead looking for an MOU-among-consortium partners approach
8That is now taken as given and ONGC has structured the tender in a manner which takes into account this stark fact
8Even among a group of EPC contractors some components of the joint SPF and SURF tender cannot be executed, highly placed sources said.
8Separate RFQs will have to be invited for such components
8ONGC is being helped by INTECSEA and its consultants to design the work into doable elements.
8And the ONGC project team in Kakinada is working very hard indeed to keep the work going
Click on Details for more Details
8In fact ONGC is actively discouraging an individual foray or joint ventures, instead looking for an MOU-among-consortium partners approach
8That is now taken as given and ONGC has structured the tender in a manner which takes into account this stark fact
8Even among a group of EPC contractors some components of the joint SPF and SURF tender cannot be executed, highly placed sources said.
8Separate RFQs will have to be invited for such components
8ONGC is being helped by INTECSEA and its consultants to design the work into doable elements.
8And the ONGC project team in Kakinada is working very hard indeed to keep the work going
Click on Details for more Details
A big tender is coming up for a modification job in an ONGC process platform
8The job entails modification to the crude sweetening plant but will also include other attendant work
8There will be an addition of another crane
8An additional DG set
8And additional and installation of a barge bumper in the platform and a neighbouring platform
8The consultant has already been appointed to work out the contract parameters
Click on Details for more on the job as well as the key owner contacts involved Details
8The job entails modification to the crude sweetening plant but will also include other attendant work
8There will be an addition of another crane
8An additional DG set
8And additional and installation of a barge bumper in the platform and a neighbouring platform
8The consultant has already been appointed to work out the contract parameters
Click on Details for more on the job as well as the key owner contacts involved Details
For reference purposes the website carries here the following tenders:
8Rate Contract for Fabrication and Internal Piping Work for Installation of Industrial and Commercial Connections Details
8Replacement of product pipeline of Haldia-Barauni section Details
8Supply of Recycle Gas Compressor Spares at refinery Details
8Design, Engineering, Testing and Installation of Complete Mechanical seal and seal support system in refinery Details
8Supply of CNG Storage Cascades Annual Rate Contract for a period of 2 years Details
8Annual Maintenance Contract for Hiring of services in Agra Region for GAIL Gas Details
8Empanelment of Contractors for laying of MDPE Pipeline and installation of above ground GI Pipes and associated works at consumer end Details
8Charter Hire of Offshore Jack Up Rigs under four different categories Details
8Corrigendum: Appointment of third Party inspection Agency for Green Gas Limited at Lucknow & Agra Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian companies to invest $9 billion in Bangladesh energy projects Details
8GAIL India to hire ships on short term to ferry LNG from US Details
8Oil hits 5-week top on geopolitical tensions, strong demand Details
8OPEC, UAE to launch new global oil, gas database to improve transparency Details
8Shell says it knew some payments for Nigeria oilfield would go to Malabu Details
8Saudis, oil majors discuss gas investments ahead of giant IPO Details
8Diversify or die: China's independent oil refiners adapt to new challenges Details
8Oil eases from 5-week high, U.S. output rise undermines rally Details
8Ramagundam FCI unit revival gets delayed Details
8Motor-fuels outlets divided over starting agitation to secure higher sales margin from oil companies Details
8Cairn India’s production declines 7 per cent in 2016-17 Details
8India’s 2017-18 fuel demand seen up 5.8%: Govt Details
8Vedanta completes Cairn merger Details
You can also click on Newsclips for more Details
8Rate Contract for Fabrication and Internal Piping Work for Installation of Industrial and Commercial Connections Details
8Replacement of product pipeline of Haldia-Barauni section Details
8Supply of Recycle Gas Compressor Spares at refinery Details
8Design, Engineering, Testing and Installation of Complete Mechanical seal and seal support system in refinery Details
8Supply of CNG Storage Cascades Annual Rate Contract for a period of 2 years Details
8Annual Maintenance Contract for Hiring of services in Agra Region for GAIL Gas Details
8Empanelment of Contractors for laying of MDPE Pipeline and installation of above ground GI Pipes and associated works at consumer end Details
8Charter Hire of Offshore Jack Up Rigs under four different categories Details
8Corrigendum: Appointment of third Party inspection Agency for Green Gas Limited at Lucknow & Agra Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian companies to invest $9 billion in Bangladesh energy projects Details
8GAIL India to hire ships on short term to ferry LNG from US Details
8Oil hits 5-week top on geopolitical tensions, strong demand Details
8OPEC, UAE to launch new global oil, gas database to improve transparency Details
8Shell says it knew some payments for Nigeria oilfield would go to Malabu Details
8Saudis, oil majors discuss gas investments ahead of giant IPO Details
8Diversify or die: China's independent oil refiners adapt to new challenges Details
8Oil eases from 5-week high, U.S. output rise undermines rally Details
8Ramagundam FCI unit revival gets delayed Details
8Motor-fuels outlets divided over starting agitation to secure higher sales margin from oil companies Details
8Cairn India’s production declines 7 per cent in 2016-17 Details
8India’s 2017-18 fuel demand seen up 5.8%: Govt Details
8Vedanta completes Cairn merger Details
You can also click on Newsclips for more Details
Indian's environmental ranking is 109th from among a list of 127 countries ranked in terms of their energy infrastructure.
8What is even worse is that India has some of the lowest scores in for CO2 emissions from electricity production and PM 2.5 levels (117th and 123rd, respectively).
8While sources of pollution are diverse and intermittent (e.g. agricultural crop burning, refuse combustion, fireworks), the energy sector is a large, consistent contributor to this issue of major concern.
8Many solutions have been attempted with varying degrees of impact, but the country sorely needs a comprehensive plan of action to implement an effective and sustainable answer.
8India also faces an uphill battle to increase energy access and security, as well and is ranked 95th in this category.
8A large percentage of the population still lacks access to electricity (ranked 101st) and uses solid fuels for cooking (108th among all countries) even though we are making progress with out LPG ingression plans.
8This data will be some food for thought for the current government to come out with an over reaching action plan
Click on Reports for more Details
8What is even worse is that India has some of the lowest scores in for CO2 emissions from electricity production and PM 2.5 levels (117th and 123rd, respectively).
8While sources of pollution are diverse and intermittent (e.g. agricultural crop burning, refuse combustion, fireworks), the energy sector is a large, consistent contributor to this issue of major concern.
8Many solutions have been attempted with varying degrees of impact, but the country sorely needs a comprehensive plan of action to implement an effective and sustainable answer.
8India also faces an uphill battle to increase energy access and security, as well and is ranked 95th in this category.
8A large percentage of the population still lacks access to electricity (ranked 101st) and uses solid fuels for cooking (108th among all countries) even though we are making progress with out LPG ingression plans.
8This data will be some food for thought for the current government to come out with an over reaching action plan
Click on Reports for more Details
In the quickly changing world, those in the LNG business must be able to answer these critical questions?
8What unit operating cost, EBITDA and ROI should businesses target in the next 3 to 5 years?
8How are you monitoring marketplace activity, who will be the buyers of the future?
8Are you considering market opportunities beyond your existing portfolio?
8How are you monitoring risk and evaluating new risks?
8Are you conducting scenario planning on a regular basis?
8Can you anticipate policy and regulatory changes and benefit from them?
8Have you defined the capabilities needed to compete?
8Are you agile enough to respond to disruptive forces in the industry and future scaling/growth?
8Are you leveraging organizational platforms and processes to drive efficiencies, and are strong controls in place?
8Do you have the right technology to support your business objectives?
8Do you have the right strategic partners and alliances?
8Do you have the right metrics to incentivise the organization for end-to-end business optimization?
Click on Reports for more Details
8What unit operating cost, EBITDA and ROI should businesses target in the next 3 to 5 years?
8How are you monitoring marketplace activity, who will be the buyers of the future?
8Are you considering market opportunities beyond your existing portfolio?
8How are you monitoring risk and evaluating new risks?
8Are you conducting scenario planning on a regular basis?
8Can you anticipate policy and regulatory changes and benefit from them?
8Have you defined the capabilities needed to compete?
8Are you agile enough to respond to disruptive forces in the industry and future scaling/growth?
8Are you leveraging organizational platforms and processes to drive efficiencies, and are strong controls in place?
8Do you have the right technology to support your business objectives?
8Do you have the right strategic partners and alliances?
8Do you have the right metrics to incentivise the organization for end-to-end business optimization?
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As the global LNG business becomes more commoditized, very interesting trends are expected to emerge
8An interactive marketplace where same players are both suppliers and buyers is likely to emerge
8There will be an emergence of end-to-end solution providers
8Looking for markets, LNG suppliers may end up selling not just LNG but energy solution to local governments.
8Reaching almost 30 percent of trade, trading activities will become very important too, and this would require suppliers as well as some buyers to develop trading capabilities to service contracts while protecting and potentially enhancing value for themselves (e.g. an understanding of hedgeable instruments and derivative markets or of new derivative instruments such as location swaps).
8Shorter terms contracts reduce the risk of over-committing to purchases with uncertain demand. Reloading is an option, given more flexible LNG markets, but exposes the reseller to the risk of mismatches between long-term and spot prices. A bundle of contracts with different suppliers, periods and pricing bases can help, as can a greater role for intermediary trading companies who can manage demand risk across their portfolio.
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8An interactive marketplace where same players are both suppliers and buyers is likely to emerge
8There will be an emergence of end-to-end solution providers
8Looking for markets, LNG suppliers may end up selling not just LNG but energy solution to local governments.
8Reaching almost 30 percent of trade, trading activities will become very important too, and this would require suppliers as well as some buyers to develop trading capabilities to service contracts while protecting and potentially enhancing value for themselves (e.g. an understanding of hedgeable instruments and derivative markets or of new derivative instruments such as location swaps).
8Shorter terms contracts reduce the risk of over-committing to purchases with uncertain demand. Reloading is an option, given more flexible LNG markets, but exposes the reseller to the risk of mismatches between long-term and spot prices. A bundle of contracts with different suppliers, periods and pricing bases can help, as can a greater role for intermediary trading companies who can manage demand risk across their portfolio.
Click on Reports for more Details
The problem is that while sellers say a supply crunch is looming. Buyers say suppliers are out of touch with the changing times.
8The basic premise here is that the world has abundant reserves of gas and the supply crunch if at all it comes, cannot last for too long.
8There are many who believe that it is not just Qatar, Iran or Australia, who plans to overcome Qatar as the biggest supplier of LNG, which will bring in larger volumes of supply.
8It could well be the US, and some believe that US gas will sell for $3/mmbtu for the next two decades.
8They claim that at this point in the northeast of US, there is 20bn cubic feet per day of production that is mostly constrained by infrastructure and that is available at the wellhead at $1/m Btu or less.
8This should keep global gas prices down in the foreseeable future if President Trump agrees to free up the infrastructure constraints in the US.
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8The basic premise here is that the world has abundant reserves of gas and the supply crunch if at all it comes, cannot last for too long.
8There are many who believe that it is not just Qatar, Iran or Australia, who plans to overcome Qatar as the biggest supplier of LNG, which will bring in larger volumes of supply.
8It could well be the US, and some believe that US gas will sell for $3/mmbtu for the next two decades.
8They claim that at this point in the northeast of US, there is 20bn cubic feet per day of production that is mostly constrained by infrastructure and that is available at the wellhead at $1/m Btu or less.
8This should keep global gas prices down in the foreseeable future if President Trump agrees to free up the infrastructure constraints in the US.
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The latest LNG production and demand data of Wood Mackenzie shows a massive upsurge in demand as supply tapers off
8The projection shows supply staying ahead of demand until 2022 but the gap reverses subsequently
8The projections are however based on existing ground realities which do not take into consideration projected plans
8Demand gets a boost as gas is used as cheaper feedstock for power producers and chemical manufacturers, and in transportation, heating and broader electrification.
8But there are other factors too that can impact gas prices that Mackenzie's projections have not taken into account.
8One such factor could be the elimination of the destination clause which could trigger 'a flurry' of unrestricted outbound cargoes from Japan that may push down LNG prices for as long as 5 years. About 80 percent of long-term LNG supply contracts between major Japanese and South Korean buyers and suppliers are estimated to include destination restriction clauses.
8New sources of supply can come in. Last week Qatar, still the world's biggest LNG exporter, said it would end its self-imposed moratorium on development of the North Field, adjacent to Iran's gigantic South Pars fields. Together with Iran, both these countries can upset the supply equation to the extent that the supply overhang projected now continues well into the next decade.
8If a dearth in supply is to emerge in the coming years, Qatar and perhaps Iran will be ready to help fill it, and fight for a share of the market.
8And in a world of abundant supply, the low-cost producers like Iran and Qatar will be in a preeminent position to wrestle the initiative.
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8The projection shows supply staying ahead of demand until 2022 but the gap reverses subsequently
8The projections are however based on existing ground realities which do not take into consideration projected plans
8Demand gets a boost as gas is used as cheaper feedstock for power producers and chemical manufacturers, and in transportation, heating and broader electrification.
8But there are other factors too that can impact gas prices that Mackenzie's projections have not taken into account.
8One such factor could be the elimination of the destination clause which could trigger 'a flurry' of unrestricted outbound cargoes from Japan that may push down LNG prices for as long as 5 years. About 80 percent of long-term LNG supply contracts between major Japanese and South Korean buyers and suppliers are estimated to include destination restriction clauses.
8New sources of supply can come in. Last week Qatar, still the world's biggest LNG exporter, said it would end its self-imposed moratorium on development of the North Field, adjacent to Iran's gigantic South Pars fields. Together with Iran, both these countries can upset the supply equation to the extent that the supply overhang projected now continues well into the next decade.
8If a dearth in supply is to emerge in the coming years, Qatar and perhaps Iran will be ready to help fill it, and fight for a share of the market.
8And in a world of abundant supply, the low-cost producers like Iran and Qatar will be in a preeminent position to wrestle the initiative.
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Gail has begun looking to charter hire ships on short term basis, for a period of 3-4 years, to ferry cargo from its US commitments.
8The first US cargoes are going to commence from January, 2018
8A committee headed by Vice Chairman, NITI Aayog has been constituted to look into the issues of desirability of acquiring shipbuilding technology/capacity for LNG ships.
8Report of the committee is awaited.
8GAIL will take further action after taking into consideration the recommendations of the committee.
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8The first US cargoes are going to commence from January, 2018
8A committee headed by Vice Chairman, NITI Aayog has been constituted to look into the issues of desirability of acquiring shipbuilding technology/capacity for LNG ships.
8Report of the committee is awaited.
8GAIL will take further action after taking into consideration the recommendations of the committee.
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The following are the latest projections on the oil & gas front:
8GRMs to remain stable
8Petrochemicals cracks to stay robust
8Gains for utilities on improving gas consumption, albeit marginal
8INR appreciation negative for cyclicals and upstream
8Production to trend up for upstream companies
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8GRMs to remain stable
8Petrochemicals cracks to stay robust
8Gains for utilities on improving gas consumption, albeit marginal
8INR appreciation negative for cyclicals and upstream
8Production to trend up for upstream companies
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8The dispute over the alleged pilferage of gas from ONGC's KG-DWN-98/2 & Godavari PML the RIL-BP duo has been referred to an Arbitral Tribunal, which will comprise of Mr. Lawrence Boo, Presiding Arbitrator, Justice G.S. Singhvi (GOI nominee), and Sir Bernard Eder (Contractor’s nominee). Clearly, an Indian arbitrator has not been preferred by the contractors.Click on Report for more.
8India and Bangladesh to sign US$ 9-billion investment pacts.Click on Report for more.
8L&T Construction wins $ 817 million (Rs 5250 crore) order from Qatar.Click on Report for more.
8Bharat Petroleum Corporation Limited (BPCL) has informed that they intend to shift the headquarters of their Engineering and Projects Department to Mumbai from Noida.
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8India and Bangladesh to sign US$ 9-billion investment pacts.Click on Report for more.
8L&T Construction wins $ 817 million (Rs 5250 crore) order from Qatar.Click on Report for more.
8Bharat Petroleum Corporation Limited (BPCL) has informed that they intend to shift the headquarters of their Engineering and Projects Department to Mumbai from Noida.
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8Commissioning of new unit DHT unit is coming up in a big refinery in Q2, 2017
8A Rs 400 crore greenfield POL terminal project: RFQs expected soon
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8A Rs 400 crore greenfield POL terminal project: RFQs expected soon
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ONGC has put together a new anti-forgery provision that may spell trouble for all suppliers of equipment and services to the E&P major
8The provision requires validation of all documents of a winning bidder.
8While that sounds fine, there is now going to be a draconian provision that all certificates issued by third parties will have to be stand validated by the original issuer within a given period of time.
8If he validation does not come through, even though it may be not be due to the fault of the winning bidder, the purchase order will stand cancelled.
Find out more by clicking on Details on what this provision entails and how it will impact the the E&P equipment and service industry Details
8The provision requires validation of all documents of a winning bidder.
8While that sounds fine, there is now going to be a draconian provision that all certificates issued by third parties will have to be stand validated by the original issuer within a given period of time.
8If he validation does not come through, even though it may be not be due to the fault of the winning bidder, the purchase order will stand cancelled.
Find out more by clicking on Details on what this provision entails and how it will impact the the E&P equipment and service industry Details
It is learnt that ONGC was opposed to such a draconian provision in the purchase order.
8What is more, such provisions are not incorporated in any orders placed by other public sector companies
8But why is it that the company is now implementing such a provision
8Where did the pressure come from?
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8What is more, such provisions are not incorporated in any orders placed by other public sector companies
8But why is it that the company is now implementing such a provision
8Where did the pressure come from?
Click on Details to know more Details
It is also learnt that ONGC has put together a very tight time schedule for validation of third party documentation.
8This is on account of the fact that the company wanted to limit the time for validation keeping in mind its own project schedules.
8The problem will arise if a third party refuses or delays the grant of validation.
8It is also possible that rivals can sabotage the validation process.
Find out more what are the consequences involved Details
8This is on account of the fact that the company wanted to limit the time for validation keeping in mind its own project schedules.
8The problem will arise if a third party refuses or delays the grant of validation.
8It is also possible that rivals can sabotage the validation process.
Find out more what are the consequences involved Details
