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Apr 2017
Given that there is consternation within ONGC over the proposal, the third party validation rule is going to be implemented in phases.
8A sample set of projects have not been selected for implementation of the proposal.
8Which are these projects going to be?
8And what stage of the bidding process will this rule be put in place
Click on Details to find out more Details
8A sample set of projects have not been selected for implementation of the proposal.
8Which are these projects going to be?
8And what stage of the bidding process will this rule be put in place
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Supply of Coating Material for Pipeline Rehabilitation Project Details
8Supply & Commissioning of Heavy Duty Oil Country Gap Bed Pipe Lath Details
8Global Expression of Interest for Procurement of Equipment/ Packages for Rajasthan Block Details
8Global Expression of Interest/ Pre-qualification for Provision of Mechanical/Electric/ Hydraulic Highly Mobile Land Drilling Units Details
8Supply of Dual Module Magnetic Cleaning PIG for GSPL Details
8Deputing Expert for Onsite services for Dry Gas Seals for Recycle Gas Compressors at refinery Details
8Procurement of 5568 kg additive CAS LLDPE/ HDPE Unit Details
8R&D Pilot Plant for Lignocellulosic Bioethanol Details
8Appointment of Consultant for Share Valuation of Green Gas Limited Details
8Comprehensive Annual Maintenance Contract Services for Delta make Compressor Packages of BGL at Hyderabad & Vijayawada Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8ONGC drills record 501 wells in FY17 Details
8BJD seeks Prez intervention to resolve kerosene quota row Details
8Petronas pitches $1 bln offshore gas project stake to oil firms-sources Details
8Stable outlook for India’s oil refining sector going ahead: ICRA Details
8Oil prices firm on strong demand, political uncertainty in Syria Details
8Bangladesh, India firms ink pacts worth $9-bn Details
8L&T commissions gas turbines for Bangladesh Details
8Raising issues with gas pricing policy Details
8Petrol pump owners threaten to remain closed on sundays Details
8India's fuel consumption grew 5 per cent to 194 MT last financial year Details
8Oil consumption falls for third month in a row Details
You can also click on Newsclips for more Details
8Supply of Coating Material for Pipeline Rehabilitation Project Details
8Supply & Commissioning of Heavy Duty Oil Country Gap Bed Pipe Lath Details
8Global Expression of Interest for Procurement of Equipment/ Packages for Rajasthan Block Details
8Global Expression of Interest/ Pre-qualification for Provision of Mechanical/Electric/ Hydraulic Highly Mobile Land Drilling Units Details
8Supply of Dual Module Magnetic Cleaning PIG for GSPL Details
8Deputing Expert for Onsite services for Dry Gas Seals for Recycle Gas Compressors at refinery Details
8Procurement of 5568 kg additive CAS LLDPE/ HDPE Unit Details
8R&D Pilot Plant for Lignocellulosic Bioethanol Details
8Appointment of Consultant for Share Valuation of Green Gas Limited Details
8Comprehensive Annual Maintenance Contract Services for Delta make Compressor Packages of BGL at Hyderabad & Vijayawada Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8ONGC drills record 501 wells in FY17 Details
8BJD seeks Prez intervention to resolve kerosene quota row Details
8Petronas pitches $1 bln offshore gas project stake to oil firms-sources Details
8Stable outlook for India’s oil refining sector going ahead: ICRA Details
8Oil prices firm on strong demand, political uncertainty in Syria Details
8Bangladesh, India firms ink pacts worth $9-bn Details
8L&T commissions gas turbines for Bangladesh Details
8Raising issues with gas pricing policy Details
8Petrol pump owners threaten to remain closed on sundays Details
8India's fuel consumption grew 5 per cent to 194 MT last financial year Details
8Oil consumption falls for third month in a row Details
You can also click on Newsclips for more Details
A highly regarded global study of 127 countries that takes into account economic growth, environment sustainability and energy access as well as security have put India pretty low down in the rankings
8India is ranked 87th.
8The good part is that it has inched up three places over the last one year
8While this is not much progress, enthusiasts will say that the movement is upwards.
8The US and China much higher up on this table.
Click on Reports for more Details
8India is ranked 87th.
8The good part is that it has inched up three places over the last one year
8While this is not much progress, enthusiasts will say that the movement is upwards.
8The US and China much higher up on this table.
Click on Reports for more Details
The following is the latest synopsis of the Indian oil and gas sector performance.
8Refining margins decline QoQ; domestic MS/HSD demand also falls
8Upstream PSUs to benefit from improvement in net oil realisation
8Higher utilisation and tariff hike to benefit Petronet LNG while GAIL too is expected to report a strong quarter
8The outlook remains optimistic for the year Details
8Refining margins decline QoQ; domestic MS/HSD demand also falls
8Upstream PSUs to benefit from improvement in net oil realisation
8Higher utilisation and tariff hike to benefit Petronet LNG while GAIL too is expected to report a strong quarter
8The outlook remains optimistic for the year Details
Automated drilling is appealing because many of the future oil and gas prospects are highly complex and challenging with narrow geo-pressure margins and little room for human errors.
8In addition, there are many remote, inaccessible locations and precious biotopes.
8The global E&P industry believes there is a large potential in automation of the drilling process.
8Increased level of automation will result in more accurate pressure control and more rapid response to drilling anomalies.
8As a result, the drilling efficiency and safety will be improved.
Click on Reports for a full analysis of automation in this segment of the industry, and different technologies that are in play. Details
8In addition, there are many remote, inaccessible locations and precious biotopes.
8The global E&P industry believes there is a large potential in automation of the drilling process.
8Increased level of automation will result in more accurate pressure control and more rapid response to drilling anomalies.
8As a result, the drilling efficiency and safety will be improved.
Click on Reports for a full analysis of automation in this segment of the industry, and different technologies that are in play. Details
There is some suspicion in ONGC about the quality of new rigs which are now coming in from China.
8This is more so as the market is now getting to be increasingly dominated by Chinese rigs.
8In the tender for mobile rigs too, the rigs were meant to come in from China
8And all the Indian bidders were essentially sourcing their rigs from the same companies in China.
8The differential in the quoted prices between the bidders was essentially boiled down to the difference in internal margins and operating cost estimates of the bidders.
8Recent workover rigs from a Chinese company were found to be malfunctioning and filters have been put in place by the E&P major to keep such rigs out of India.
Find our more on which are the Chinese rig manufacturers that Indian bidders try and source their rigs from Details
8This is more so as the market is now getting to be increasingly dominated by Chinese rigs.
8In the tender for mobile rigs too, the rigs were meant to come in from China
8And all the Indian bidders were essentially sourcing their rigs from the same companies in China.
8The differential in the quoted prices between the bidders was essentially boiled down to the difference in internal margins and operating cost estimates of the bidders.
8Recent workover rigs from a Chinese company were found to be malfunctioning and filters have been put in place by the E&P major to keep such rigs out of India.
Find our more on which are the Chinese rig manufacturers that Indian bidders try and source their rigs from Details
ONGC has decided to switch to what are called mobile rigs for well testing purposes instead of using ordinary drilling rigs.
8This was evident from a recent ONGC tender for production rigs.
8The point to note is that production rigs are different from the normal drilling rigs, and the latter are significantly more expensive.
Find out more by clicking on Details on what exactly is the price differential between a mobile rig and a normal drilling rig. Details
8This was evident from a recent ONGC tender for production rigs.
8The point to note is that production rigs are different from the normal drilling rigs, and the latter are significantly more expensive.
Find out more by clicking on Details on what exactly is the price differential between a mobile rig and a normal drilling rig. Details
Even though the cost of mobile rigs was significantly lower than that of ordinary drilling rigs, ONGC could not finalize a recent tender for such rigs
8One bid for such rigs was awarded while the other too had to held up because the price variation from internal estimate from that of the rig awarded in asset was found to be too high.
8Why were prices quoted so high?
Click on Details to find out more Details
8One bid for such rigs was awarded while the other too had to held up because the price variation from internal estimate from that of the rig awarded in asset was found to be too high.
8Why were prices quoted so high?
Click on Details to find out more Details
ONGC had been trying for the last seven years to award a bunch of Affluent Treatment Plants in Assam but without success until now.
8The ATPs were conceptualized in 2010 but the NOA was handed over only recently to the winning contractor.
8There are groups of ATPs that ONGC is seeking to build: one relates to the installation of a 3000 M3/day ETP cum Water Injection Plant (WIP) in Geleki and a 1000 M3/day pure ETP at Rudrasagar while the other is for two 300 M3 pre day ETP cum WIP at Borholla and Khoraghat.
8Each of these projects will also involve a 7-year O&M contract
8The first contract was awarded to UEM India but had to be cancelled due to non-performance and the second time around the lowest bid was found to be twice as high as the internal estimate for these plants.
8It is only the third time around, after revision of the internal estimate benchmark by a significant quantum, was ONGC able to zero in on the winning contractor.
8The North East is a difficult place to work in and the cost of the project is higher than if these ETPs were to be built in Gujarat or Rajamundry but nevertheless, the L-1 rate this time around creates a benchmark of sorts to be followed for similar ETPs around the country.
Click on Details to find out who were the contenders and who won the bid and at what price Details
8The ATPs were conceptualized in 2010 but the NOA was handed over only recently to the winning contractor.
8There are groups of ATPs that ONGC is seeking to build: one relates to the installation of a 3000 M3/day ETP cum Water Injection Plant (WIP) in Geleki and a 1000 M3/day pure ETP at Rudrasagar while the other is for two 300 M3 pre day ETP cum WIP at Borholla and Khoraghat.
8Each of these projects will also involve a 7-year O&M contract
8The first contract was awarded to UEM India but had to be cancelled due to non-performance and the second time around the lowest bid was found to be twice as high as the internal estimate for these plants.
8It is only the third time around, after revision of the internal estimate benchmark by a significant quantum, was ONGC able to zero in on the winning contractor.
8The North East is a difficult place to work in and the cost of the project is higher than if these ETPs were to be built in Gujarat or Rajamundry but nevertheless, the L-1 rate this time around creates a benchmark of sorts to be followed for similar ETPs around the country.
Click on Details to find out who were the contenders and who won the bid and at what price Details
8Expansion in refinery is coming up: RFQs expected by June 2017.
-- EC has been already granted.
-- EIL has been appointed as a PMC contractor.
8Expansion in POL Depot: EC expected by Sep, 2017
-- After expansion, the storage capacity will increase by 200 KL.
-- The expansion of storage capacity (32564 KL) through addition of one underground storage tank
Click on Details for more Details
-- EC has been already granted.
-- EIL has been appointed as a PMC contractor.
8Expansion in POL Depot: EC expected by Sep, 2017
-- After expansion, the storage capacity will increase by 200 KL.
-- The expansion of storage capacity (32564 KL) through addition of one underground storage tank
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Skid Mounted Gas Compression facilities for Mehsana Asset Details
8Expression of Interest for augmenting Cryogenic Pumps availability in Dahej Plant Details
8Expression of Interest for sale of Naphtha from refinery in Rajahmundry Asset Details
8Supply of Pressure and Temperature Transmitters Details
8Bi-Annual Maintenance Contract for Calibration, Maintenance and Functional Checking of Gas Detectors installed in refinery Details
8Carrying out Guided Wave Long Range Ultrasonic Testing of station piping at SRPL stations Details
8Carrying out Health assessment of catalyst tubes of reformer unit of refinery Details
8Supply of Temperature Transmitters at refinery Details
8Supply, Installation, Training and Commissioning of Spin Coater and Multi Vessel Dip Coater Equipments for refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Iran said to cut benefits on crude oil sales to Indian state-run refiners Details
8Facing fuel shortage in Cuba, Havana diplomats roll up sleeves Details
8Electric vehicles and bio-fuel buses to roll out by next year: Gadkari Details
8Modi-Hasina flag off High Speed Diesel consignment to Parbatipur in Bangladesh Details
8Indian Oil Corp to expand LPG facilities in Kerala and Tamil Nadu Details
8Chinese firm Mingyuan Holdings keen to set up oil refinery in Sindh Details
8Too early to say if crude oil output deal to be extended - Russia's Novak Details
8ONGC sees its gas output hitting 5-year high in fiscal 2018, sources say Details
8Russia's Novatek says Yamal LNG to produce 1.2 mln T of gas condensate in 2019 Details
8Iran security body reviewing new IPC crude oil contracts - minister Details
8CBI slaps bribery charges on EPIL, files two cases against Manager Details
8You could soon be paying a different price every day for your petrol and diesel. Read how Details
8Indian Oil to expand LPG facilities in Kerala and Tamil Nadu Details
8Creation of integrated energy major will not impact mega-refinery project: Pradhan Details
8R-Power to seal Bangla project today Details
8India’s oil imports from Iran top 500000 bpd in 2016/17 Details
You can also click on Newsclips for more Details
8Hiring of Skid Mounted Gas Compression facilities for Mehsana Asset Details
8Expression of Interest for augmenting Cryogenic Pumps availability in Dahej Plant Details
8Expression of Interest for sale of Naphtha from refinery in Rajahmundry Asset Details
8Supply of Pressure and Temperature Transmitters Details
8Bi-Annual Maintenance Contract for Calibration, Maintenance and Functional Checking of Gas Detectors installed in refinery Details
8Carrying out Guided Wave Long Range Ultrasonic Testing of station piping at SRPL stations Details
8Carrying out Health assessment of catalyst tubes of reformer unit of refinery Details
8Supply of Temperature Transmitters at refinery Details
8Supply, Installation, Training and Commissioning of Spin Coater and Multi Vessel Dip Coater Equipments for refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Iran said to cut benefits on crude oil sales to Indian state-run refiners Details
8Facing fuel shortage in Cuba, Havana diplomats roll up sleeves Details
8Electric vehicles and bio-fuel buses to roll out by next year: Gadkari Details
8Modi-Hasina flag off High Speed Diesel consignment to Parbatipur in Bangladesh Details
8Indian Oil Corp to expand LPG facilities in Kerala and Tamil Nadu Details
8Chinese firm Mingyuan Holdings keen to set up oil refinery in Sindh Details
8Too early to say if crude oil output deal to be extended - Russia's Novak Details
8ONGC sees its gas output hitting 5-year high in fiscal 2018, sources say Details
8Russia's Novatek says Yamal LNG to produce 1.2 mln T of gas condensate in 2019 Details
8Iran security body reviewing new IPC crude oil contracts - minister Details
8CBI slaps bribery charges on EPIL, files two cases against Manager Details
8You could soon be paying a different price every day for your petrol and diesel. Read how Details
8Indian Oil to expand LPG facilities in Kerala and Tamil Nadu Details
8Creation of integrated energy major will not impact mega-refinery project: Pradhan Details
8R-Power to seal Bangla project today Details
8India’s oil imports from Iran top 500000 bpd in 2016/17 Details
You can also click on Newsclips for more Details
A very interesting study assesses the various risks that the oil & gas industry faces as of now, from the point of view of energy experts around the world
8A large range of factors have been identified according to their impacts
8Interesting developments in India, China and Russia are among the factors that add the basket of risks
8Coal and nuclear power has moved down on the risk ladder as their importance is waning though strong regional differences remain
8What is keeping world energy leaders awake at night are a whole set of different factors and they include electric storage and market design
8The move to a hydrogen economy is also an increasingly risky factor.
8For energy experts this is a must-read document
Click on Reports for more Details
8A large range of factors have been identified according to their impacts
8Interesting developments in India, China and Russia are among the factors that add the basket of risks
8Coal and nuclear power has moved down on the risk ladder as their importance is waning though strong regional differences remain
8What is keeping world energy leaders awake at night are a whole set of different factors and they include electric storage and market design
8The move to a hydrogen economy is also an increasingly risky factor.
8For energy experts this is a must-read document
Click on Reports for more Details
A global survey of 15,000 oil and gas professionals have thrown up some interesting results on what they are looking ahead for in the industry
8There is an increasingly positive attitude towards job growth in the sector on account of the much promised recovery
8Many of the professionals dehired will like to go back to their own companies
8The website also provides here a country-wise break-up of salaries for different categories of oil and gas professionals and the highest earners list throw up some surprises
8Contractor day rates per region under different categories are also highlighted for the first time.
8These rates can serve as benchmarks for companies around the world, as also in India
8The factors that attract employees to companies are highlighted
8Global mobility is important for the oil & gas professional and their issues are documented here
8Similar factors are also highlighted for renewable energy, nuclear, power, petrochemcials and nuclear segments
Click on Reports for more Details
8There is an increasingly positive attitude towards job growth in the sector on account of the much promised recovery
8Many of the professionals dehired will like to go back to their own companies
8The website also provides here a country-wise break-up of salaries for different categories of oil and gas professionals and the highest earners list throw up some surprises
8Contractor day rates per region under different categories are also highlighted for the first time.
8These rates can serve as benchmarks for companies around the world, as also in India
8The factors that attract employees to companies are highlighted
8Global mobility is important for the oil & gas professional and their issues are documented here
8Similar factors are also highlighted for renewable energy, nuclear, power, petrochemcials and nuclear segments
Click on Reports for more Details
8LNG import prices were between $7.18/mmbtu to $ 9.51/mmbtu, making it an expensive proposition for the price sensitive Indian market. Power sector demand is likely to be adversely impacted as well as from the industrial sector if prices continue to rule high
Click on Reports for more
Details
Click on Reports for more
Details
ONGC has hired yet another high cost domain expert for the KG-DWN-98/2 development.
8He is a flow assurance specialist and his expertise is needed at this pre-FEED stage of the massive Rs 34,000 crore project.
8His job is to ensure a detailed framework for assurance of hydrocarbon flows and depending on his concepts, the entire sub sea architecture will be determined
8Sources said that the SURF and Sub Sea Production Sytem contractors in turn will be conducing these flow assurance studies and they will form the very basis on which chemicals will be pumped into the field to ensure a steady flow of gas and oil from the reservoir.
8The domain expert will be a key player in determining the infrastructure needed in the KG-DWN-98/2 block and business development managers ought to stay in close contact with him
Click on Details to find out who this expert is and how he was selected. Also get more information on key general manager level contacts within ONGC who are involved with the project Details
8He is a flow assurance specialist and his expertise is needed at this pre-FEED stage of the massive Rs 34,000 crore project.
8His job is to ensure a detailed framework for assurance of hydrocarbon flows and depending on his concepts, the entire sub sea architecture will be determined
8Sources said that the SURF and Sub Sea Production Sytem contractors in turn will be conducing these flow assurance studies and they will form the very basis on which chemicals will be pumped into the field to ensure a steady flow of gas and oil from the reservoir.
8The domain expert will be a key player in determining the infrastructure needed in the KG-DWN-98/2 block and business development managers ought to stay in close contact with him
Click on Details to find out who this expert is and how he was selected. Also get more information on key general manager level contacts within ONGC who are involved with the project Details
ONGC has hiring several domain experts on a nomination basis for the KG-DWN-98/2 block
8Sources said that the total nomination basis hiring for the block has now touched $ 20 million and this figure will be go up as the project progresses
8In all, so far, ONGC has hired four critical high cost domain experts
8All of them will play a very important role in the determination of the core infrastructure of the field
8For business development managers, it is important to know these experts and liaise with them
Click on Details to find out who these experts are Details
8Sources said that the total nomination basis hiring for the block has now touched $ 20 million and this figure will be go up as the project progresses
8In all, so far, ONGC has hired four critical high cost domain experts
8All of them will play a very important role in the determination of the core infrastructure of the field
8For business development managers, it is important to know these experts and liaise with them
Click on Details to find out who these experts are Details
8Rs.162.58 Crore Gas pipeline coming up: RFQs will be floated by May, 2017
--Total length of the pipeline is 185 km.
--EC is expected by July, 2017
8IOCL to expand capacity of its LPG bottling plant in Cherlapally: RFQs will be floated by end of May , 2017
8Rs 200 crore expansion in a pipeline terminal : RFQs expected by September 2017
8A new POL storage Terminal: EC expected by October, 2017
Click on Details for more information Details
--Total length of the pipeline is 185 km.
--EC is expected by July, 2017
8IOCL to expand capacity of its LPG bottling plant in Cherlapally: RFQs will be floated by end of May , 2017
8Rs 200 crore expansion in a pipeline terminal : RFQs expected by September 2017
8A new POL storage Terminal: EC expected by October, 2017
Click on Details for more information Details
For reference purposes the website carries here the following tenders:
8Procurement of Guided Wave Radar Type Level Transmitters Details
8Environment clearance and carrying out EIA and RA study for BS VI MS and HSD Project at refinery Details
8Installation of OD pipeline across major River/ Canal crossing of product pipeline from Paradip to Hyderabad by Horizontal Directional Drilling technique Details
8M&I jobs of Horton Sphere at Offsite area at refinery Details
8M&I jobs of Nitrogen Bullet at refinery Details
8Civil works at drill site LPEN in North Bank area Details
8Supply of Liquid Nitrogen in refinery Details
8Supply Installation and Commissioning of Rochester Gauge Transmitter and Pressure Transmitters with remote display units for LPG Bullets at LPG Bottling Plant Details
8Preparation of Detailed Feasibility Report for setting up 2G Ethanol Plant Details
8Providing intelligence and ancillary activities during day period in mainline row of WRPL Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Time to build new India, exploit resources: Anil Agarwal Details
8ENI of Italy and Total of France sign exploration contracts with Cyprus govt Details
8Iran struggles to expand oil exports as sea storage cleared Details
8HPCL reworks fiscal pact for Rajasthan refinery, work to start Details
8Saudi Aramco keen to take stake in west coast refinery Details
8State-run oil companies plan to review fuel rates daily Details
8Roadmap on oil, gas PSU integration likely this fiscal Details
8Vedanta to supply 50% of India's crude oil output after merger: Agarwal Details
8Iran dismisses India’s threat to cut oil imports Details
8Rosneft said to prepay about $1 billion for Kurdistan Oil Details
8National Oil Corporation working for all Libyans, not a faction - chairman Details
8India LNG demand to dip on phase out of subsidy for power sector Details
8Govt planning more refineries, higher LNG use: Dharmendra Pradhan Details
You can also click on Newsclips for more Details
8Procurement of Guided Wave Radar Type Level Transmitters Details
8Environment clearance and carrying out EIA and RA study for BS VI MS and HSD Project at refinery Details
8Installation of OD pipeline across major River/ Canal crossing of product pipeline from Paradip to Hyderabad by Horizontal Directional Drilling technique Details
8M&I jobs of Horton Sphere at Offsite area at refinery Details
8M&I jobs of Nitrogen Bullet at refinery Details
8Civil works at drill site LPEN in North Bank area Details
8Supply of Liquid Nitrogen in refinery Details
8Supply Installation and Commissioning of Rochester Gauge Transmitter and Pressure Transmitters with remote display units for LPG Bullets at LPG Bottling Plant Details
8Preparation of Detailed Feasibility Report for setting up 2G Ethanol Plant Details
8Providing intelligence and ancillary activities during day period in mainline row of WRPL Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Time to build new India, exploit resources: Anil Agarwal Details
8ENI of Italy and Total of France sign exploration contracts with Cyprus govt Details
8Iran struggles to expand oil exports as sea storage cleared Details
8HPCL reworks fiscal pact for Rajasthan refinery, work to start Details
8Saudi Aramco keen to take stake in west coast refinery Details
8State-run oil companies plan to review fuel rates daily Details
8Roadmap on oil, gas PSU integration likely this fiscal Details
8Vedanta to supply 50% of India's crude oil output after merger: Agarwal Details
8Iran dismisses India’s threat to cut oil imports Details
8Rosneft said to prepay about $1 billion for Kurdistan Oil Details
8National Oil Corporation working for all Libyans, not a faction - chairman Details
8India LNG demand to dip on phase out of subsidy for power sector Details
8Govt planning more refineries, higher LNG use: Dharmendra Pradhan Details
You can also click on Newsclips for more Details
Well placed ONGC sources told this website that the company has decided to do away with a crucial clause that allowed service providers and equipment suppliers to walk away from a contract citing force majeure conditionality.
8The public sector company has now made the conditionality one sided on the belief that vendors might exploit it for their own benefit
8The one-way provision was meant to have been implemented for service contracts but eventually a surprise decision was taken
8Those lending out charter hire rigs or involved in LSTK contracts will also be impacted, it is learnt
Click on Details to find out more on what ONGC has done Details
8The public sector company has now made the conditionality one sided on the belief that vendors might exploit it for their own benefit
8The one-way provision was meant to have been implemented for service contracts but eventually a surprise decision was taken
8Those lending out charter hire rigs or involved in LSTK contracts will also be impacted, it is learnt
Click on Details to find out more on what ONGC has done Details
For reference purposes the website carries here the following tenders:
8Design, fabrication, supply of two nos. of suction volume bottle for Natural Gas Compressor Details
8Supply of MDPE Pipelines for City Gas Distribution Project Details
8Supply of Level Gauges (Magnetic Type) for VGO-HDT Unit for BS-IV Project Details
8Supply of Argon plus CO2 Gas Mixture Details
8Procurement of Inline Ultrasonic Flow Meters for refinery Details
8Procurement of Carbon Monoxide for LLDPE/ HDPE Swing Unit Details
8Procurement of 70000 Kg Di-Methyl-Di-Sulphide Details
8Repairing of damaged Test Lead Points for MPPL mainline for Western Region Pipelines Details
8EOI for integrated Development Services for Raageshwari Deep Gas Field within RJ-ON-90/1 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil rises to near 1-month high on tightening of supply and inventories Details
8Iran "not concerned" by Indian threat to cut oil imports from Tehran Details
8Royal Dutch Shell sells Hong Kong, Macau energy assets to DCC Energy Details
8Shell to fuel world's first LNG-powered Aframax oil tankers Details
8CIL hopes about higher coal demand in FY18 Details
8India plans high speed diesel pipeline to Bangladesh Details
86 years on, no headway in laying of Srinagar-Bhatinda Gas Pipeline Details
8Delay in laying gas pipelines prompts PLL, BPCL to move LNG by road Details
8Gajendra Singh is GAIL's new marketing director Details
8Shell India to expand natural gas marketing business Details
8CAG finds lapses in corporate governance by CPSEs Details
8Major ports’ cargo handling up 7%; petro products drive traffic Details
You can also click on Newsclips for more Details
8Design, fabrication, supply of two nos. of suction volume bottle for Natural Gas Compressor Details
8Supply of MDPE Pipelines for City Gas Distribution Project Details
8Supply of Level Gauges (Magnetic Type) for VGO-HDT Unit for BS-IV Project Details
8Supply of Argon plus CO2 Gas Mixture Details
8Procurement of Inline Ultrasonic Flow Meters for refinery Details
8Procurement of Carbon Monoxide for LLDPE/ HDPE Swing Unit Details
8Procurement of 70000 Kg Di-Methyl-Di-Sulphide Details
8Repairing of damaged Test Lead Points for MPPL mainline for Western Region Pipelines Details
8EOI for integrated Development Services for Raageshwari Deep Gas Field within RJ-ON-90/1 Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil rises to near 1-month high on tightening of supply and inventories Details
8Iran "not concerned" by Indian threat to cut oil imports from Tehran Details
8Royal Dutch Shell sells Hong Kong, Macau energy assets to DCC Energy Details
8Shell to fuel world's first LNG-powered Aframax oil tankers Details
8CIL hopes about higher coal demand in FY18 Details
8India plans high speed diesel pipeline to Bangladesh Details
86 years on, no headway in laying of Srinagar-Bhatinda Gas Pipeline Details
8Delay in laying gas pipelines prompts PLL, BPCL to move LNG by road Details
8Gajendra Singh is GAIL's new marketing director Details
8Shell India to expand natural gas marketing business Details
8CAG finds lapses in corporate governance by CPSEs Details
8Major ports’ cargo handling up 7%; petro products drive traffic Details
You can also click on Newsclips for more Details
Three proposals have come in for multi-client 2D seismic surveys in the eastern offshore to the DGH
8One involves a 8000 km survey in Andaman islands, while the other is a bigger study covering offshore KG Basin. The third proposal pertains to a 10000 km study in the west coast
8The proposals are in the process of approval at this point
8Meanwhile, the website also carries here the targets and achievements under the National Seismic programme, involving 26 sedimentary basins. So far progress on this front has been slow
8For those looking for opportunities, including marine services, we carry here the names of companies involved.
Click on Reports for more Details
8One involves a 8000 km survey in Andaman islands, while the other is a bigger study covering offshore KG Basin. The third proposal pertains to a 10000 km study in the west coast
8The proposals are in the process of approval at this point
8Meanwhile, the website also carries here the targets and achievements under the National Seismic programme, involving 26 sedimentary basins. So far progress on this front has been slow
8For those looking for opportunities, including marine services, we carry here the names of companies involved.
Click on Reports for more Details
What are ONGC's integration plans for the KG-OSN-2001/3 field?
8The focus is now on getting the field to the commercial productions stage
8The idea seems to create an HPHT corridor in the KG Basin
8The DDW field will emerge as pivot to developing nearby NPHT discoveries in Yanam and Godavari PML areas of ONGC.
8ONGC is now unveiling a massive fast track development plan to club all of this with the gas discoveries in KG-DWN-98/2 and existing nomination blocks
8Somehow though the plan specifically talks of "synergy of strategies" among government owned companies, leaving out the privately own RIL-BP combine from such an alliance, even though the latter has a massive unutilized infrastructure in the area
Click on Reports for more Details
8The focus is now on getting the field to the commercial productions stage
8The idea seems to create an HPHT corridor in the KG Basin
8The DDW field will emerge as pivot to developing nearby NPHT discoveries in Yanam and Godavari PML areas of ONGC.
8ONGC is now unveiling a massive fast track development plan to club all of this with the gas discoveries in KG-DWN-98/2 and existing nomination blocks
8Somehow though the plan specifically talks of "synergy of strategies" among government owned companies, leaving out the privately own RIL-BP combine from such an alliance, even though the latter has a massive unutilized infrastructure in the area
Click on Reports for more Details
ONGC claims that Rs 34,000 crore Cluster-II investment in the KG-DWN-98/2 is part of a larger plan to tap more resources in the block
8ONGC has now begin working on Cluster-III prospects as well, where the findings are in deeper water depths.
8The confidence levels have been low on tapping such deepwater resources but conversations have begun with international experts
8An investment plans is to be finalized by early 2018, according to ONGC
8First gas from the block, by from Cluster-II, is likely by 2019 and this single project will raise ONGC's output by 27%
Click on Reports for more Details
8ONGC has now begin working on Cluster-III prospects as well, where the findings are in deeper water depths.
8The confidence levels have been low on tapping such deepwater resources but conversations have begun with international experts
8An investment plans is to be finalized by early 2018, according to ONGC
8First gas from the block, by from Cluster-II, is likely by 2019 and this single project will raise ONGC's output by 27%
Click on Reports for more Details
Oil India Ltd has various business development plans in the anvil too
8An exploratory drilling roadmap has been prepared but clearances are awaited
8Seismic surveys are coming up so are overall redevelopment plans for mature fields
8A list of possible surface production and de-bottlenecking plans is also included
8A full road map for raising gas output by 30 % by the end of 2021-22 has been laid down
8All of this will result in new business development work
Click on Reports for more Details
8An exploratory drilling roadmap has been prepared but clearances are awaited
8Seismic surveys are coming up so are overall redevelopment plans for mature fields
8A list of possible surface production and de-bottlenecking plans is also included
8A full road map for raising gas output by 30 % by the end of 2021-22 has been laid down
8All of this will result in new business development work
Click on Reports for more Details
The website has identified a clutch of development and redevelopment projects that ONGC has identified for funding
8These are various stages of planning and capital approval and RFQs have not been sent out yet
8In all there are a total of 9 big projects
8Exploratory efforts are also going to be in full swing between 2017-22, involving seismic 34000 SKM of studies and the drilling of around 590 exploratory wells
8In effect, a lot of business development opportunities are coming up.
Click on Reports to find out more Details
8These are various stages of planning and capital approval and RFQs have not been sent out yet
8In all there are a total of 9 big projects
8Exploratory efforts are also going to be in full swing between 2017-22, involving seismic 34000 SKM of studies and the drilling of around 590 exploratory wells
8In effect, a lot of business development opportunities are coming up.
Click on Reports to find out more Details
Is the PPP mode to pipeline construction really going to work in India?
8Three pipelines were proposed to be implemented using this route, with a Viability Gap Funding component.
8Eventually one was shortlisted but even this project eventually shot down
8Instead the pipeline is going to be implemented by GAIL with direct capital funding, for the unviable component, by the central govebment
8Clearly, PPP is not the way out for pipelines in India
8Currently, around 14,000 km of gas pipelines are under construction at a cost of around Rs 57,000 crore
Click on Reports to find out more on what is going on with India's gas pipeline network Details
8Three pipelines were proposed to be implemented using this route, with a Viability Gap Funding component.
8Eventually one was shortlisted but even this project eventually shot down
8Instead the pipeline is going to be implemented by GAIL with direct capital funding, for the unviable component, by the central govebment
8Clearly, PPP is not the way out for pipelines in India
8Currently, around 14,000 km of gas pipelines are under construction at a cost of around Rs 57,000 crore
Click on Reports to find out more on what is going on with India's gas pipeline network Details
A Rs 10,000 crore business development opportunity has sprung up to build two new underground strategic reserves
8The government's Expenditure Finance Committee has short listed two of the four strategic storage proposals of the petroleum ministry
8The cost break down for the two projects are given as well as a detailed write-up
8Project completion timelines are 64 months and 96 months respectively
8The government meanwhile is still looking at options on how to fill up the Padur strategic storage facility, which it has completed building, as it has found funding for filling up the Vizag and Mangalore caverns to be too expensive.
8Six companies have responded to an invitation to participate in the filling up of Padur cavern in a way in which the government does not need to fund the effort
Click on Reports to find out more Details
8The government's Expenditure Finance Committee has short listed two of the four strategic storage proposals of the petroleum ministry
8The cost break down for the two projects are given as well as a detailed write-up
8Project completion timelines are 64 months and 96 months respectively
8The government meanwhile is still looking at options on how to fill up the Padur strategic storage facility, which it has completed building, as it has found funding for filling up the Vizag and Mangalore caverns to be too expensive.
8Six companies have responded to an invitation to participate in the filling up of Padur cavern in a way in which the government does not need to fund the effort
Click on Reports to find out more Details
The introduction of GST is going to hurt the E&P industry hard
The following adverse impact has been tabulated:
8GST on import of goods
8Addtional tax on offshore LSTK contracts
8Increase in GST rate on input services of ONGC
8Additional Stranding of taxes on inter-sate purchases
8More tax on domestic purchases of goods under ICB
8Non-availability of credit on local purchases
8Additional burden on stock transfer
8Dual compliance regime
Click on Reports to find out more on how you as a buyer or supplier of equipment and services are going to be hit Details
The following adverse impact has been tabulated:
8GST on import of goods
8Addtional tax on offshore LSTK contracts
8Increase in GST rate on input services of ONGC
8Additional Stranding of taxes on inter-sate purchases
8More tax on domestic purchases of goods under ICB
8Non-availability of credit on local purchases
8Additional burden on stock transfer
8Dual compliance regime
Click on Reports to find out more on how you as a buyer or supplier of equipment and services are going to be hit Details
8Refinery maintenance work: RFQs this month
8Expansion of LPG plant: RFQs in June, 2017
Click on Details for more Details
8Expansion of LPG plant: RFQs in June, 2017
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8APC Installation in CDU & Indmax Unit of refinery Details
8Providing Third Party Inspection Services for construction of Mounded Type Pressurised Storage Vessels Details
8Supply, Installation and Commissioning of Vibration Monitoring System for refinery Details
8Hiring of Contract Service for preparation of as Built Drawing/ plot plan with hazardous area classification for Pipe Line Installations, Dispatch Terminals, Gas Regulation and other Installations Details
8Rate Contract for procurement of Calibration Gas Details
8Supply, Installation and Commissioning of Gas Chromatograph System Details
8Procurement of LPG Mounded Bullet Flame Detection System Details
8EOI for Procurement of Air Winches for Offshore Drill Rigs Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Guar farmers in Rajasthan villages cheer oil rig rise in North America Details
8Steep decline in consumption of subsidized kerosene in FY17 Details
8$36-billion deals seek to tap infrastructure demand in Malaysia-India Details
8RIL earnings to grow at 10.5 per cent, Jio to break-even by 2022: IIFL Details
8AG & P announces integrated plug and play solutions for LNG supply network in Asia Details
8India's ONGC submits revised plan for Farzad B gas field in Iran Details
8Mobile reactor to convert waste plastic to diesel set for debut Details
8Tanzania hikes fuel prices on weaker currency, crude costs Details
8Oil prices fall as Libya's output rebound boosts supply Details
8London to bring forward new levy on most polluting cars Details
8Industry urges govt to incentivise measures for enhanced oil recovery Details
8What next for Reliance Industries after Gapco sale? Details
8OVL to invest over $3b in Iran gas block; submits revised plan Details
8RIL gets green nod for Rs 13,250 crore Dahej unit expansion project Details
You can also click on Newsclips for more Details
8APC Installation in CDU & Indmax Unit of refinery Details
8Providing Third Party Inspection Services for construction of Mounded Type Pressurised Storage Vessels Details
8Supply, Installation and Commissioning of Vibration Monitoring System for refinery Details
8Hiring of Contract Service for preparation of as Built Drawing/ plot plan with hazardous area classification for Pipe Line Installations, Dispatch Terminals, Gas Regulation and other Installations Details
8Rate Contract for procurement of Calibration Gas Details
8Supply, Installation and Commissioning of Gas Chromatograph System Details
8Procurement of LPG Mounded Bullet Flame Detection System Details
8EOI for Procurement of Air Winches for Offshore Drill Rigs Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Guar farmers in Rajasthan villages cheer oil rig rise in North America Details
8Steep decline in consumption of subsidized kerosene in FY17 Details
8$36-billion deals seek to tap infrastructure demand in Malaysia-India Details
8RIL earnings to grow at 10.5 per cent, Jio to break-even by 2022: IIFL Details
8AG & P announces integrated plug and play solutions for LNG supply network in Asia Details
8India's ONGC submits revised plan for Farzad B gas field in Iran Details
8Mobile reactor to convert waste plastic to diesel set for debut Details
8Tanzania hikes fuel prices on weaker currency, crude costs Details
8Oil prices fall as Libya's output rebound boosts supply Details
8London to bring forward new levy on most polluting cars Details
8Industry urges govt to incentivise measures for enhanced oil recovery Details
8What next for Reliance Industries after Gapco sale? Details
8OVL to invest over $3b in Iran gas block; submits revised plan Details
8RIL gets green nod for Rs 13,250 crore Dahej unit expansion project Details
You can also click on Newsclips for more Details
Some interesting snippets of information which will eventually impact on our lives
8India to become third-largest consumer economy by 2025
8India one of the fastest destinations for investments: KPMG
8India to outpace US to emerge as second largest economy by 2040, PwC says
8India seeks to jump 40 places in World Bank’s Doing Business rankings
8India to become 2nd largest steel maker in 12-18 months: S&P
8Government in talks with 300 companies to attract US$ 62 billion investment
8IPO fund raising at 6-year high in FY17, trend expected to continue
8730 million Internet users are anticipated in the country by 2020-NASSCOM
8Renewables to be over 60% of India's generation capacity: Piyush Goyal
8India replaces Japan for 3rd spot in domestic air travel
813% growth in foreign tourism arrival in February 2017
Click on Reports for more Details
8India to become third-largest consumer economy by 2025
8India one of the fastest destinations for investments: KPMG
8India to outpace US to emerge as second largest economy by 2040, PwC says
8India seeks to jump 40 places in World Bank’s Doing Business rankings
8India to become 2nd largest steel maker in 12-18 months: S&P
8Government in talks with 300 companies to attract US$ 62 billion investment
8IPO fund raising at 6-year high in FY17, trend expected to continue
8730 million Internet users are anticipated in the country by 2020-NASSCOM
8Renewables to be over 60% of India's generation capacity: Piyush Goyal
8India replaces Japan for 3rd spot in domestic air travel
813% growth in foreign tourism arrival in February 2017
Click on Reports for more Details
No where is the impact of the downturn felt more than in the offshore Platform supply vessels
8There was indeed a dramatic fleet increase for large PSVs and the market did have earlier an amazing ability to absorb new tonnage. However, those days were over in 2014.
8A significant fall in contracting was expected, but then the oil price slide in 2014 drove the nails into the coffin.
8Dayrates are now very low and a very large number of vessels are laid up.
8There is still also a significant orderbook where the big majority orders were placed at yards in China in 2012-2014. However, quite many of these PSVs will never be completed or make it to the market.
8Perhaps more than one third of the orderbook will be in this category. Many vessels are in fact built, completed in 2014-2015, but not delivered to owners who are struggling financially, some bankrupt.
8Thus, the vessel status is “On Order” in most public vessel registers, while the real status should rather be “Scrapped” or “Cancelled”. Many completed vessels are already in poor condition due to no inspection or maintenance, no ventilation, mold and rust.
8The condition will get worse in the course of the next few years and most ships will of course be very hard to sell.
8Charterers can now hire high-quality tonnage at a very low price.
8Thus, the outlook is best for new and efficient vessels. Older tonnage will often be ignored and vessels will be scrapped or removed from the market.
8Consolidation may improve future ordering discipline and allow some more scrapping but it will not be enough to address the current supply overhang. A lot of scrapping will be needed.
Click on Reports for more Details
8There was indeed a dramatic fleet increase for large PSVs and the market did have earlier an amazing ability to absorb new tonnage. However, those days were over in 2014.
8A significant fall in contracting was expected, but then the oil price slide in 2014 drove the nails into the coffin.
8Dayrates are now very low and a very large number of vessels are laid up.
8There is still also a significant orderbook where the big majority orders were placed at yards in China in 2012-2014. However, quite many of these PSVs will never be completed or make it to the market.
8Perhaps more than one third of the orderbook will be in this category. Many vessels are in fact built, completed in 2014-2015, but not delivered to owners who are struggling financially, some bankrupt.
8Thus, the vessel status is “On Order” in most public vessel registers, while the real status should rather be “Scrapped” or “Cancelled”. Many completed vessels are already in poor condition due to no inspection or maintenance, no ventilation, mold and rust.
8The condition will get worse in the course of the next few years and most ships will of course be very hard to sell.
8Charterers can now hire high-quality tonnage at a very low price.
8Thus, the outlook is best for new and efficient vessels. Older tonnage will often be ignored and vessels will be scrapped or removed from the market.
8Consolidation may improve future ordering discipline and allow some more scrapping but it will not be enough to address the current supply overhang. A lot of scrapping will be needed.
Click on Reports for more Details
The following are the observations on the offshore E&P vessel supply market
Drilling
8The rig downturn is both supply and demand driven where we see a severe overcapacity for both shallow- and deepwater units. The day rates have plunged and the 2nd hand prices are extremely low. Rigs are coming off contracts and it is very difficult to secure new work. Scrapping and cold-stacking will increase further as the owners’ choice is costly class surveys or scrapping. Cold-stacking will often be synonymous with scrapping, indeed for veteran rigs. Some rig owners may loose more than 50% of their fleet. Thus, this will change fleet size ranking among rig companies.
8On the other side, low rig rates will also help oil companies to increase activity at some point. When contracts signed at peak levels disappear, oil companies are left with a totally different cost picture. That could lead to volume effects. However, companies will first need to believe in a higher future oil price. This is the key driver for drilling activity. Recovery will come eventually and mid-water rigs will most likely recover first. However, the number of new rigs to be ordered in the next five years will be very limited.
Floating Production
8With budgets being trimmed and with an intense pressure on costs, investment decisions are being deferred. Units are coming off contract and there are more idle FPSOs. However, the demand for floating production units is expected to increase and drilling is not a “bottle neck” anymore. Costs have dived. There are over 200 projects at different planning stages (IMA), but with wait-and-see tactics on projects. Expected future oil price is what really counts. The timing for when the projects will materialise is uncertain and there is a possible trend towards conversions rather than newbuilds. Thus, there is a challenge to evaluate number of newbuilds which will come up in the future, but improvement is expected from 2018 onwards where Brazil’s ability to order new units will be key. This market is also an important driver for subsea and other offshore support vessels.
Construction Support Vessels
8A massive build cycle has gone bust as most orders were on the on speculation. Many such projects now stand cancelled or postponed after the oil price slide. This has led to significant oversupply, downturn in charter rates and financial results. This has of course had a severe impact on the ordering of new ships.
8There is uncertainty around new awards of new projects, but strong demand growth towards 2020 and beyond is expected where field development will be the key driver. New large projects are not likely to commence before 2018, but another driver is also growth in installed base and inspection,maintenance and repair markets (IMR). In the current market environment, much IMR activity has been postponed and will need to come later.
8Adjacent markets, like offshore wind installation and support, will be of increasing importance.
Click on Reports for more Details
Drilling
8The rig downturn is both supply and demand driven where we see a severe overcapacity for both shallow- and deepwater units. The day rates have plunged and the 2nd hand prices are extremely low. Rigs are coming off contracts and it is very difficult to secure new work. Scrapping and cold-stacking will increase further as the owners’ choice is costly class surveys or scrapping. Cold-stacking will often be synonymous with scrapping, indeed for veteran rigs. Some rig owners may loose more than 50% of their fleet. Thus, this will change fleet size ranking among rig companies.
8On the other side, low rig rates will also help oil companies to increase activity at some point. When contracts signed at peak levels disappear, oil companies are left with a totally different cost picture. That could lead to volume effects. However, companies will first need to believe in a higher future oil price. This is the key driver for drilling activity. Recovery will come eventually and mid-water rigs will most likely recover first. However, the number of new rigs to be ordered in the next five years will be very limited.
Floating Production
8With budgets being trimmed and with an intense pressure on costs, investment decisions are being deferred. Units are coming off contract and there are more idle FPSOs. However, the demand for floating production units is expected to increase and drilling is not a “bottle neck” anymore. Costs have dived. There are over 200 projects at different planning stages (IMA), but with wait-and-see tactics on projects. Expected future oil price is what really counts. The timing for when the projects will materialise is uncertain and there is a possible trend towards conversions rather than newbuilds. Thus, there is a challenge to evaluate number of newbuilds which will come up in the future, but improvement is expected from 2018 onwards where Brazil’s ability to order new units will be key. This market is also an important driver for subsea and other offshore support vessels.
Construction Support Vessels
8A massive build cycle has gone bust as most orders were on the on speculation. Many such projects now stand cancelled or postponed after the oil price slide. This has led to significant oversupply, downturn in charter rates and financial results. This has of course had a severe impact on the ordering of new ships.
8There is uncertainty around new awards of new projects, but strong demand growth towards 2020 and beyond is expected where field development will be the key driver. New large projects are not likely to commence before 2018, but another driver is also growth in installed base and inspection,maintenance and repair markets (IMR). In the current market environment, much IMR activity has been postponed and will need to come later.
8Adjacent markets, like offshore wind installation and support, will be of increasing importance.
Click on Reports for more Details
The global offshore fleet consists of around 10,000 vessels across 30 vessel sub types with anchor handling tugs, platform supply vessels and crewboats representing more than half of this. These supply and service vessels are supporting over 1,000 drilling rigs and floating production units in exploration and production activity. In addition, there are over 1,000 offshore construction, crane, subsea support, pipelaying, inspection, maintenance, repair vessels in many shapes and sizes.
8But the industry is currently in doldrums and the newbuildings market is in shambles. In this context, predicting the future has become increasingly difficult.
8Nevertheless, the website carries here a year-wise supply and cumulative fleet strength projection for key vessel categories right up the year 2035.
Click on Reports for more Details
8But the industry is currently in doldrums and the newbuildings market is in shambles. In this context, predicting the future has become increasingly difficult.
8Nevertheless, the website carries here a year-wise supply and cumulative fleet strength projection for key vessel categories right up the year 2035.
Click on Reports for more Details
The website carries here updates on the following projects:
8Rs 465 crore Kochi-Salem Pipeline
8Rs 369 crore new storage terminal coming up
8Expansion of LPG Plant: RFQs will be floated by May, 2017
8Another Rs.139 crore LPG bottling plant expansion: RFQs in April, 2017
Click on Details for more Details
8Rs 465 crore Kochi-Salem Pipeline
8Rs 369 crore new storage terminal coming up
8Expansion of LPG Plant: RFQs will be floated by May, 2017
8Another Rs.139 crore LPG bottling plant expansion: RFQs in April, 2017
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Gas Sale from Block of RO#30 and RO#47 of Konaban Region Details
8Corrigendum: Procurement of Booster Compressors for CNG Stations in Hyderabad Details
8EOI for Provision of Manpower for Supervision of Rigs, Petroleum Engineering activities and associated services at Rajasthan, Gujarat and Andra Pradesh Details
8Civil work at Drill site PDCL at Village Samiyala at Padra Area Details
8Civil work at Drill site PDEW at Padra Area Details
8Hiring of Services for Calibration, Servicing and Repair of MH Asset PSVs Details
8Corrigendum: Laying of Steel Pipeline Network in City Gas Distribution Project Details
8Design, Supply, Installation and Commissioning for PLC of AVU and CRU Units of refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8How Modi government managed to solve the puzzle of Good and Services Tax Details
8India’s gas production to rise over 40 per cent to 125 mmscmd over the next decade: ICRA Details
8African Development Bank meeting in India will help boost investments Details
8Oil leak discovered by workers in Alaska's Cook Inlet Details
8Global crude oil prices fall on supply concerns as U.S. rig count rises Details
8Iraq has pledged to fully comply with oil cut deal, OPEC chief says Details
8Qatar restarts development of world's biggest gas field Details
8NGT declines to modify SC order on BS-III vehicles Details
8Dr. P.Chandrasekaran, takes over as Director (Exploration and Development) at Oil India Limited Details
8BS III ban estimated to cost truck makers Rs 2500 crore: CRISIL Details
8LPG coverage rises to 73% as oil cos add 3.5 crore consumers in 2016-17 Details
8Petronas to invest $150 million in India’s lubricant market Details
8India keen to explore shale gas resources Details
8OMCs to invest Rs 90,000 cr on fuel upgrade by 2020 Details
8Gas pipeline project draws mixed response Details
8All LPG grades to be taxed under singular GST rate Details
You can also click on Newsclips for more Details
8Gas Sale from Block of RO#30 and RO#47 of Konaban Region Details
8Corrigendum: Procurement of Booster Compressors for CNG Stations in Hyderabad Details
8EOI for Provision of Manpower for Supervision of Rigs, Petroleum Engineering activities and associated services at Rajasthan, Gujarat and Andra Pradesh Details
8Civil work at Drill site PDCL at Village Samiyala at Padra Area Details
8Civil work at Drill site PDEW at Padra Area Details
8Hiring of Services for Calibration, Servicing and Repair of MH Asset PSVs Details
8Corrigendum: Laying of Steel Pipeline Network in City Gas Distribution Project Details
8Design, Supply, Installation and Commissioning for PLC of AVU and CRU Units of refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8How Modi government managed to solve the puzzle of Good and Services Tax Details
8India’s gas production to rise over 40 per cent to 125 mmscmd over the next decade: ICRA Details
8African Development Bank meeting in India will help boost investments Details
8Oil leak discovered by workers in Alaska's Cook Inlet Details
8Global crude oil prices fall on supply concerns as U.S. rig count rises Details
8Iraq has pledged to fully comply with oil cut deal, OPEC chief says Details
8Qatar restarts development of world's biggest gas field Details
8NGT declines to modify SC order on BS-III vehicles Details
8Dr. P.Chandrasekaran, takes over as Director (Exploration and Development) at Oil India Limited Details
8BS III ban estimated to cost truck makers Rs 2500 crore: CRISIL Details
8LPG coverage rises to 73% as oil cos add 3.5 crore consumers in 2016-17 Details
8Petronas to invest $150 million in India’s lubricant market Details
8India keen to explore shale gas resources Details
8OMCs to invest Rs 90,000 cr on fuel upgrade by 2020 Details
8Gas pipeline project draws mixed response Details
8All LPG grades to be taxed under singular GST rate Details
You can also click on Newsclips for more Details
The government has announced a domestic natural gas price of $ 2.48/mmbtu while the ceiling price for production from deepwater and HPHT areas have been pegged at $ 5.56/mmbtu for the April-September period.
8The price for September 2016-March, 2017 was $ 2.50/mmbtu and $ 5.30/mmbtu respectively, indicating that LNG prices, on which the deepwater and HPHT tag is benchmarked, are moving up at a higher pace than hub prices.
8There is general expectation that this price level will go up in the future.
8The forecast Henry Hub natural gas spot price is seen rising from an average of $3.03/MMBtu in 2017 to $3.45/MMBtu in 2018.
8NYMEX contract values for May 2017 delivery traded in March suggest that a range of $2.15/MMBtu to $3.82/MMBtu encompasses the market expectation for Henry Hub natural gas prices in May 2017 at the 95% confidence level.
8So expect price to move up going ahead
Click on Reports for more Details
8The price for September 2016-March, 2017 was $ 2.50/mmbtu and $ 5.30/mmbtu respectively, indicating that LNG prices, on which the deepwater and HPHT tag is benchmarked, are moving up at a higher pace than hub prices.
8There is general expectation that this price level will go up in the future.
8The forecast Henry Hub natural gas spot price is seen rising from an average of $3.03/MMBtu in 2017 to $3.45/MMBtu in 2018.
8NYMEX contract values for May 2017 delivery traded in March suggest that a range of $2.15/MMBtu to $3.82/MMBtu encompasses the market expectation for Henry Hub natural gas prices in May 2017 at the 95% confidence level.
8So expect price to move up going ahead
Click on Reports for more Details
ONGC, it seems, has graduated to global G-4 Sustainability Reporting Requirements
8The G-4 guidelines call for reporting organizations to disclose their most critical impacts – be they positive or negative – on the environment, society and the economy. They can generate reliable, relevant and standardized information with which to assess opportunities and risks, and enable more informed decision-making -- both within the business and among its stakeholders. G4 is designed to be universally applicable to all organizations of all types and sectors, large and small, across the world.
8ONGC has been cleared for an higher upgrading by the Indian offshoot of DNV GL, a global certification and verification company
8But the document itself has been shoddily prepared with little or no real information on how the oil and gas major is an enterprise with a sustainable development model.
8Even though the benchmarks are clearly spelt out, it looks like there is a lot of leeway in their interpretation by certification agencies.
Click on Reports for more Details
8The G-4 guidelines call for reporting organizations to disclose their most critical impacts – be they positive or negative – on the environment, society and the economy. They can generate reliable, relevant and standardized information with which to assess opportunities and risks, and enable more informed decision-making -- both within the business and among its stakeholders. G4 is designed to be universally applicable to all organizations of all types and sectors, large and small, across the world.
8ONGC has been cleared for an higher upgrading by the Indian offshoot of DNV GL, a global certification and verification company
8But the document itself has been shoddily prepared with little or no real information on how the oil and gas major is an enterprise with a sustainable development model.
8Even though the benchmarks are clearly spelt out, it looks like there is a lot of leeway in their interpretation by certification agencies.
Click on Reports for more Details
GOL Offshore seems to have run into serious financial trouble subsequent to the downturn in the offshore vessel supply market
8The company's offshore platform supply vessel -- Malaviya Seven -- has been detained by the Scottish authorities on the request of the International Transport Workers' Assocaition for non-payment of salaries to its crew
8Authorities are now applying to a local court to sell off the vessel in order to pay off dues.
8A similar incident happened earlier with another of GOL's vessels -- Malaviya Seventeen -- before the vessel was eventually released
8Not being able to pay wages for several months on a running vessel is gaining unneeded notoriety for GOL Offshore.
Click on Reports for more Details
8The company's offshore platform supply vessel -- Malaviya Seven -- has been detained by the Scottish authorities on the request of the International Transport Workers' Assocaition for non-payment of salaries to its crew
8Authorities are now applying to a local court to sell off the vessel in order to pay off dues.
8A similar incident happened earlier with another of GOL's vessels -- Malaviya Seventeen -- before the vessel was eventually released
8Not being able to pay wages for several months on a running vessel is gaining unneeded notoriety for GOL Offshore.
Click on Reports for more Details
Chochin Shipyard Ltd's plans to build LNG vessels seems to be going nowhere after GAIL's attempt to get foreign builders to make one third of its requirement to import LNG from the Sabine Pass terminal did not come to fruition.
8The shipyard went ahead and signed up for a licence from GTT to build LNG ships using the containment system known as the Mark-III Technology
8Meanwhile, the shipyard is in the process of adding one more dry dock of size 310 x 75/60 x 13 M, which will enable it to undertake repairs of vessels like LNG carriers, semi-submersibles, jack up rigs, and drill ships.
Click on Reports to find out more Details
8The shipyard went ahead and signed up for a licence from GTT to build LNG ships using the containment system known as the Mark-III Technology
8Meanwhile, the shipyard is in the process of adding one more dry dock of size 310 x 75/60 x 13 M, which will enable it to undertake repairs of vessels like LNG carriers, semi-submersibles, jack up rigs, and drill ships.
Click on Reports to find out more Details
Oilex claims it is stilling on a goldmine in the Cambay block.
8The block is spread over 40,000 acres.
8It says that it has nearly 1 tcf of fully recoverable reserves and around 4.4 tcf of Gas in Place
8What is more, it is well connected to the national pipeline network
8So is anyone interested to farm in?
Click on Reports for more Details
8The block is spread over 40,000 acres.
8It says that it has nearly 1 tcf of fully recoverable reserves and around 4.4 tcf of Gas in Place
8What is more, it is well connected to the national pipeline network
8So is anyone interested to farm in?
Click on Reports for more Details
Oilex, the JV partner with GSPC, is running into a bit of a spot as the latter is unable to honour cash calls on account of financial problems
8The two are partners in the Cambay and Bhandut projects, where Oilex feels there still a lot of reserves leftl to be tapped
8It is learnt that Oilex is now preparing ground for acquiring GSPC's stake or else to go the other extreme, which is sell out and leave
8It is also possible for Oilex to do a part sale
8There is already an offer to buy Oilex's stake in Bhandut.
Click on Reports for more Details
8The two are partners in the Cambay and Bhandut projects, where Oilex feels there still a lot of reserves leftl to be tapped
8It is learnt that Oilex is now preparing ground for acquiring GSPC's stake or else to go the other extreme, which is sell out and leave
8It is also possible for Oilex to do a part sale
8There is already an offer to buy Oilex's stake in Bhandut.
Click on Reports for more Details
There is a projection of an upside to crude oil production in India in the coming months, driven by Cairn ramping up production of its Rajasthan asset and ONGC commercialising its marginal fields, in addition to enhanced oil recovery/improved oil recovery (EOR/IOR) initiatives of ONGC and OIL.
8The marketing freedom given to CBM blocks will provide a boost in attracting investments in 33 blocks awarded, which are expected to hold about 62.4 trillion cubic feet (tcf) of gas of which 9.9 tcf have been established as in place reserves.Click on Report for more.
8Monthly report on gas production, availability and consumption in February, 2017.Click on Report for more.
8Comprehensive energy statistics for 2017, including coal, crude and gas.Click on Report for mor.
8Leading classification society ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers for the safe constructions and operation of LH2 carriers based on provisions of the IMO Interim recommendations.Click on Report for more.
8Meanwhile, ClassNK has teamed up with major industry players to showcase the latest research and technological developments in the gas sector at Gastech 2017 taking place on 4-7 April in Makuhari Messe, Japan.Click on Report for more.
8The marketing freedom given to CBM blocks will provide a boost in attracting investments in 33 blocks awarded, which are expected to hold about 62.4 trillion cubic feet (tcf) of gas of which 9.9 tcf have been established as in place reserves.Click on Report for more.
8Monthly report on gas production, availability and consumption in February, 2017.Click on Report for more.
8Comprehensive energy statistics for 2017, including coal, crude and gas.Click on Report for mor.
8Leading classification society ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers for the safe constructions and operation of LH2 carriers based on provisions of the IMO Interim recommendations.Click on Report for more.
8Meanwhile, ClassNK has teamed up with major industry players to showcase the latest research and technological developments in the gas sector at Gastech 2017 taking place on 4-7 April in Makuhari Messe, Japan.Click on Report for more.
8Water treatment specialists ACO Marine and Corodex/Eflochem is currently appraising the shipping industry on the impact of IMO MEPC 227(64) sewage treatment requirements on the shipping industry. Appropriate systems need to be certified and function properly to mitigate the risk of ships’ detentions by PSC, Flag and class surveyors.Click on Report for more.
8Cargo volumes moved in container ships are expected to grow 2%-4% this year, up from around 1.5%-2% in 2016 as the industry capitalizes on a revival in demand in the US, Europe, China and major oil exporting countries.Click on Report for more.
8Aker Solutions has reduced its total staff count by almost 5,000 workers from 2014 to 2016, the oilfield services company revealed in its latest corporate responsibility report.
8Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday.
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Oil prices are expected to remain highly volatile for the rest of the year
8Inventories in the US are continuing to build
8And even though OPEC cuts are holding it is uncertain whether they will be in the future
8There are however record long positions in crude but their total value is lower than what they were in April, 2014 for example
8Then again, contango is eroding and forward curve implies draw down in stocks later this year
8Medium sour crudes see production cuts and relative price rises
8The forecast continues to be bullish, a $ 65 in Q3, 2017, going up to touch $ 70 in Q4, 2017 before falling to $ 65 in 2018.
8The price forecast band is wide, at $ 60 to $ 80 between 2019-23
8Many players are now hedging their bets. There is structured hedging going on, selling 24 month strips once every quarter
Find out more in Reports on what kind of hedging strategy is best suited in a volatile market Details
8Inventories in the US are continuing to build
8And even though OPEC cuts are holding it is uncertain whether they will be in the future
8There are however record long positions in crude but their total value is lower than what they were in April, 2014 for example
8Then again, contango is eroding and forward curve implies draw down in stocks later this year
8Medium sour crudes see production cuts and relative price rises
8The forecast continues to be bullish, a $ 65 in Q3, 2017, going up to touch $ 70 in Q4, 2017 before falling to $ 65 in 2018.
8The price forecast band is wide, at $ 60 to $ 80 between 2019-23
8Many players are now hedging their bets. There is structured hedging going on, selling 24 month strips once every quarter
Find out more in Reports on what kind of hedging strategy is best suited in a volatile market Details
One of the reasons why oil prices are not going up is also because the breakeven cost of oil and gas projects across all categories has come down sharply over the last three years.
8Crude produced from conventional South American blocks, most offshore blocks, as well as shale and tar sands were all above the $60/bbl mark three years ago.
8Three years down the line, the latest marginal supply curve data shows marginal shale oil production at significantly lower than the $ 60 mark. This explains why with the rise in prices, US shale oil rig count and production have started rising again.
8Bulk of offshore production is now well below the $60 mark with only a small segment above this level
8So near about 100% of global capacity is now near the $ 60 mark
8The breakeven of tar sands is now about $ 75-77, lower than what it was three years ago
8The only expensive production is now, and clearly unviable at current rates, is marginal out from expensive offshore assets, Gas to Liquids, CTL and bio fuels
Click on Reports for more Details
8Crude produced from conventional South American blocks, most offshore blocks, as well as shale and tar sands were all above the $60/bbl mark three years ago.
8Three years down the line, the latest marginal supply curve data shows marginal shale oil production at significantly lower than the $ 60 mark. This explains why with the rise in prices, US shale oil rig count and production have started rising again.
8Bulk of offshore production is now well below the $60 mark with only a small segment above this level
8So near about 100% of global capacity is now near the $ 60 mark
8The breakeven of tar sands is now about $ 75-77, lower than what it was three years ago
8The only expensive production is now, and clearly unviable at current rates, is marginal out from expensive offshore assets, Gas to Liquids, CTL and bio fuels
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Carrying out 2DHR, UHR, MBES,SBP and coring for Project KG-DWN-98/2 Details
8Supply of SS Pipes under Third Party Inspection with MTC as per specifications Details
8Supply of Heat Exchanger Tubes to refinery Details
8Two Years Rate Contract of Repair/ Refurbishment of Model Gas Turbine Components for refinery Details
8Providing EPCM Services for BS-VI Project at refinery Details
8OFC laying through HDPE pipe between two regions Details
8Supply of Hydrochloric Acid of refinery Details
8Procurement of Pressure Vessels for BS VI Project Details
8Pre-Bid Meeting: Laying of Underground PE Pipelines and above Ground GI Installations including Last Mile Connectivity Details
8Sale of Gas from Hazarigaon Field Details
8Sale of Gas from Dayalpur & Suphyam Fields Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol price cut by Rs 3.77 per liter, Diesel price slashed Rs 2.91 Details
8Natural gas price cut 0.8 per cent to $2.48 per unit Details
8BS IV fuel in supply for a month now: Oil companies Details
8Government collects over Rs 2 lakh crore from levies on petrol, diesel Details
8India presses for $2 billion infrastructure loan from New Development Bank Details
8Twenty million LPG supply milestone brings ‘Ujjwala’ to Odisha cook Details
8Dharmendra Pradhan launches BS-IV transportation fuel across nation Details
8Iran oil imports to be cut over gas field row Details
8Consensus within GST council only way to bring petroleum under GST purview, says Dharmendra Pradhan Details
8Shell unveils giant new high-tech research lab in India Details
8Hindustan Oil Exploration Company provides update on Dirok Gas Field, Assam Details
8Domestic natural gas price cut marginally to $2.48/mmBtu Details
8Deadline missed, Essar Oil says sale closure to Rosneft-led group soon Details
8Subsidised imported gas scheme scrapped Details
8Coal India gets ready to tap into coal bed methane, gasification to check emissions Details
8Defence Ministry allows use of land for Piped Natural Gas infrastructure Details
8Withdrawal of tax sops to IOC to hit sentiment: CII's President Forbes Details
8ATF price cut by 5 per cent; subsidised LPG hiked by Rs 5.5 Details
You can also click on Newsclips for more Details
8Carrying out 2DHR, UHR, MBES,SBP and coring for Project KG-DWN-98/2 Details
8Supply of SS Pipes under Third Party Inspection with MTC as per specifications Details
8Supply of Heat Exchanger Tubes to refinery Details
8Two Years Rate Contract of Repair/ Refurbishment of Model Gas Turbine Components for refinery Details
8Providing EPCM Services for BS-VI Project at refinery Details
8OFC laying through HDPE pipe between two regions Details
8Supply of Hydrochloric Acid of refinery Details
8Procurement of Pressure Vessels for BS VI Project Details
8Pre-Bid Meeting: Laying of Underground PE Pipelines and above Ground GI Installations including Last Mile Connectivity Details
8Sale of Gas from Hazarigaon Field Details
8Sale of Gas from Dayalpur & Suphyam Fields Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol price cut by Rs 3.77 per liter, Diesel price slashed Rs 2.91 Details
8Natural gas price cut 0.8 per cent to $2.48 per unit Details
8BS IV fuel in supply for a month now: Oil companies Details
8Government collects over Rs 2 lakh crore from levies on petrol, diesel Details
8India presses for $2 billion infrastructure loan from New Development Bank Details
8Twenty million LPG supply milestone brings ‘Ujjwala’ to Odisha cook Details
8Dharmendra Pradhan launches BS-IV transportation fuel across nation Details
8Iran oil imports to be cut over gas field row Details
8Consensus within GST council only way to bring petroleum under GST purview, says Dharmendra Pradhan Details
8Shell unveils giant new high-tech research lab in India Details
8Hindustan Oil Exploration Company provides update on Dirok Gas Field, Assam Details
8Domestic natural gas price cut marginally to $2.48/mmBtu Details
8Deadline missed, Essar Oil says sale closure to Rosneft-led group soon Details
8Subsidised imported gas scheme scrapped Details
8Coal India gets ready to tap into coal bed methane, gasification to check emissions Details
8Defence Ministry allows use of land for Piped Natural Gas infrastructure Details
8Withdrawal of tax sops to IOC to hit sentiment: CII's President Forbes Details
8ATF price cut by 5 per cent; subsidised LPG hiked by Rs 5.5 Details
You can also click on Newsclips for more Details
