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Apr 2018
A new 50-year modeling exercise shows the relative capacity creation by different wind and solar energy sources in different regions of the world
8Onshore wind continues to dominate the space, but offshore wind picks up speed
8Projections show India's offshore wind energy contribution growing over the years, beginning from around 2025 onwards.
8Interestingly however, projections show offshore wind energy growth to be faster than onshore wind for India
8China clearly dominates the world
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8Onshore wind continues to dominate the space, but offshore wind picks up speed
8Projections show India's offshore wind energy contribution growing over the years, beginning from around 2025 onwards.
8Interestingly however, projections show offshore wind energy growth to be faster than onshore wind for India
8China clearly dominates the world
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Is it possible that US shale oil producers and OPEC players can join hands to keep prices high?
8The OPEC seems to increasingly worried about rising shale output and loss of market share as they cut output to keep prices high.
8The prospect of an alliance has risen as some of the same companies that are working in shale are the same companies working in OPEC.
8But the problem is US laws strictly disallows orchestrating supply restrictions in order to affect prices.
8Meanwhile latest estimates carried here on this website seem to point to a supply overhand emerging in the later part of 2018 and 2019 continuing up to 2025 despite an upswing in demand.
8This is because US shale output is likely to rise to eat up excess demand. US output is turning out to be far more elastic than OPEC had imagined.
8This will keep prices under the lid.
8Saudi Arabia meanwhile seems to be in a tight spot. The fiscal breakeven is at $74/bbl, higher than current prices. The country has already sharply cut down public expenditure and it is now a question of garnering more market share or settling for a higher price for crude.
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8The OPEC seems to increasingly worried about rising shale output and loss of market share as they cut output to keep prices high.
8The prospect of an alliance has risen as some of the same companies that are working in shale are the same companies working in OPEC.
8But the problem is US laws strictly disallows orchestrating supply restrictions in order to affect prices.
8Meanwhile latest estimates carried here on this website seem to point to a supply overhand emerging in the later part of 2018 and 2019 continuing up to 2025 despite an upswing in demand.
8This is because US shale output is likely to rise to eat up excess demand. US output is turning out to be far more elastic than OPEC had imagined.
8This will keep prices under the lid.
8Saudi Arabia meanwhile seems to be in a tight spot. The fiscal breakeven is at $74/bbl, higher than current prices. The country has already sharply cut down public expenditure and it is now a question of garnering more market share or settling for a higher price for crude.
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Phosphoric Acid Expansion Project
8Cost - Rs 1100 Crore
8Project Event: Tender for EPCM contractor was released in April 2018 for a registered contractor and bid closing date is two months from the date of release.
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Ammonia-Urea Energy Saving Project
8Cost - Rs 217 Crore
8Project Event: The proposal for a term of reference has been granted and tender for equipment is likely to be released in May 2018.
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SSP Annual Maintenance Project
8Cost - Rs 0.15 Crore
8Project Event: Tender for a registered maintenance contractor stands released
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8Cost - Rs 1100 Crore
8Project Event: Tender for EPCM contractor was released in April 2018 for a registered contractor and bid closing date is two months from the date of release.
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Ammonia-Urea Energy Saving Project
8Cost - Rs 217 Crore
8Project Event: The proposal for a term of reference has been granted and tender for equipment is likely to be released in May 2018.
Click here for more information
SSP Annual Maintenance Project
8Cost - Rs 0.15 Crore
8Project Event: Tender for a registered maintenance contractor stands released
Click here for more information Details
No one covers the power sector as well as we do through our sister site, www.energylineindia.com
8A project monitoring software throws up business opportunities in the segment
8Analysts provide a 360 degree perspective on what is going on in this rapidly transforming segment of the Indian economy.
8All projections show coal power continuing to play a role in the India up until 2050.
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8A project monitoring software throws up business opportunities in the segment
8Analysts provide a 360 degree perspective on what is going on in this rapidly transforming segment of the Indian economy.
8All projections show coal power continuing to play a role in the India up until 2050.
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8Project Name: Mangalore Refinery DHDT Debottlenecking Project
8Project Cost: Rs 1810 Crore
8Project Description: Mangalore Refinery & Petrochemicals Limited has hired Engineers India Limited as an EPCM contractor and licensor Axens, France is carrying out engineering activities to expand its DHDT unit from230 KTPA to 382 KTPA in its Mangalore refinery. RFQ for the equipment is already out. At present civil work is going on.
8Project Event: RFQ for the erection and installation work is expected by July 2018.
8Expenditure Approval : Q3:2017
8RFQ Date : Jul/2019
8Release Date: Aug/2020
8Start Date : Q1:2018
8Completion Date : Q1:2021
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8Business Opportunity for Equipment Suppliers
Owner is planning to float a short-term contract for the supply of valves and piping materials for DHDS unit and MS unit in a refinery
Click on Details for key contacts Details
8Project Cost: Rs 1810 Crore
8Project Description: Mangalore Refinery & Petrochemicals Limited has hired Engineers India Limited as an EPCM contractor and licensor Axens, France is carrying out engineering activities to expand its DHDT unit from230 KTPA to 382 KTPA in its Mangalore refinery. RFQ for the equipment is already out. At present civil work is going on.
8Project Event: RFQ for the erection and installation work is expected by July 2018.
8Expenditure Approval : Q3:2017
8RFQ Date : Jul/2019
8Release Date: Aug/2020
8Start Date : Q1:2018
8Completion Date : Q1:2021
Click here for more details.
8Business Opportunity for Equipment Suppliers
Owner is planning to float a short-term contract for the supply of valves and piping materials for DHDS unit and MS unit in a refinery
Click on Details for key contacts Details
8Project Name: Greenfield LPG Terminal Project
8Project Cost: Rs 1800 crore
8Project Description: Onwer plans to install a big LPG terminal
8Project Event: RFQ For EPC contractor is to be expected by July 2018.
8Expenditure Approval : Q4:2017
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q3:2018
8Completion Date : Q1:2021
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8Project Cost: Rs 1800 crore
8Project Description: Onwer plans to install a big LPG terminal
8Project Event: RFQ For EPC contractor is to be expected by July 2018.
8Expenditure Approval : Q4:2017
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q3:2018
8Completion Date : Q1:2021
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8Project Name: Greenfield LNG Terminal Project
8Project Cost: Rs 5000 Crore
8Project Description:Owner is planning to install an LNG Floating Storage and Regasification Unit (FSRU) with a capacity of 5 MMTPA. FEED work is currently on. The EPC contractor has been selected.
8Project Event: RFQ for equipment is expected by July 2018.
8Expenditure Approval : Q4:2017
8RFQ Date: Jul/2018
8Release Date: Aug/2018
8Start Date : Q2:2018
8Completion Date : Q1:2021
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8Project Cost: Rs 5000 Crore
8Project Description:Owner is planning to install an LNG Floating Storage and Regasification Unit (FSRU) with a capacity of 5 MMTPA. FEED work is currently on. The EPC contractor has been selected.
8Project Event: RFQ for equipment is expected by July 2018.
8Expenditure Approval : Q4:2017
8RFQ Date: Jul/2018
8Release Date: Aug/2018
8Start Date : Q2:2018
8Completion Date : Q1:2021
Click here for more details, project configurations and key owner and contractor contacts Details
L&T had taken on the challenging task of completing ONGC's Daman Development project by end April, 2018.
8This is a big deal as ONGC will then not have to skip one weather window, if L&T finishes on time, and may be able to kick-off production from the field sooner than later
8With only 15 days left, find out whether L&T will make it or not
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8This is a big deal as ONGC will then not have to skip one weather window, if L&T finishes on time, and may be able to kick-off production from the field sooner than later
8With only 15 days left, find out whether L&T will make it or not
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ONGC stands to lose a massive Rs 1000 crore if L&T is not able to complete the job within the April 30 window
8Well placed sources said that if the project is delayed, it will mean that gas production to the tune of 900 mmscmd will be lost. This will be a loss of around Rs 320 crore. The condensate loss, according to sources, will be to the tune of another Rs 150 crore.
8The entire offshore rig deployment schedule will be disrupted too, and that is going to cost whopping Rs 300 crore.
8To this figure must be added the loss of Rs 150 crore on account of additional cost of insurance, demurrage, preservation cost, mobilization and demobilization cost, among others.
8Roughly, when all other losses are taken into account, the loss will be a massive Rs 1000 crore, according to sources.
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8Well placed sources said that if the project is delayed, it will mean that gas production to the tune of 900 mmscmd will be lost. This will be a loss of around Rs 320 crore. The condensate loss, according to sources, will be to the tune of another Rs 150 crore.
8The entire offshore rig deployment schedule will be disrupted too, and that is going to cost whopping Rs 300 crore.
8To this figure must be added the loss of Rs 150 crore on account of additional cost of insurance, demurrage, preservation cost, mobilization and demobilization cost, among others.
8Roughly, when all other losses are taken into account, the loss will be a massive Rs 1000 crore, according to sources.
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Depending on the April deadline being achieved, ONGC can begin delivering around 2-3 mmscmd of gas by May, 2018 and peak gas of 8 mmscmd possibly by 2020.
8Find out the decision making process in ONGC after the original contractor Swiber went bankrupt
8The subsequent contracting was delayed
8Know more on who is suppose to deliver what for the project come together before the monsoons shutdown work in the high seas off the Mumbai coast
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8Find out the decision making process in ONGC after the original contractor Swiber went bankrupt
8The subsequent contracting was delayed
8Know more on who is suppose to deliver what for the project come together before the monsoons shutdown work in the high seas off the Mumbai coast
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Rig Carrier Engines for Work Over Rigs Details
8Hiring of Hydraulic Cranes for Nhava Supply Base Details
8Hiring of Services for drilling of surface and intermediate section of the locations in Frontier Basin by Air Hammer Drilling technology Details
8Replacement of hydrant pipelines Details
8Installation of Petroleum Pipeline across by Horizontal Directional Drilling Technique and associated works Details
8Operation and Maintenance of Coke Conveyor System in Delayed Coker Unit of refinery Details
8Supply of Sodium Carbonate Details
8Supply of Safety Relief Valve as per tender specification Details
8Supply of Globe Valves as per tender specification Details
8Supply of Compressor Spares for refinery Details
8Procurement of Material for Installation of Suction Strainers Details
8Supply of Pipe Fittings Details
8Supply, Installation, Commissioning of Hydrogen Analyser Details
8Carrying out MDPE Laying and Associated Works for City Gas Distribution Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8PFC forays into Waste-to-Energy, lends Rs 290 crore to largest plant Details
8Vedanta Resources appoints S Venkatakrishnan as CEO Details
8Qatar sells al-Shaheen crude via private talks for first time - sources Details
8U.S. Cove Point LNG terminal begins commercial LNG deliveries - data Details
8Dutch energy company Eneco seeks new CEO as privatisation looms Details
8Nord Stream 2 pipeline must balance interests - German minister Details
8Cairn strengthens senior leadership, appoints global HSE leaders Details
8India to launch natural gas trading hub by October Details
8India to launch gas trading hub, spark surge in consumption of cleaner-burning fuel Details
8Indian Oil books 60% of Adani’s LNG terminal capacity at Dhamra Details
8PM Modi leaves for five-day visit to Sweden, UK, Germany Details
8BP aims to keep carbon emissions flat into 2025 to help tackle climate change Details
8PNGRB to act as market regulator for natural gas trading hub Details
8Three Oil PSUs to give 70,000 LPG connections in this state on April 20 Details
8First Commercial LNG Cargo from U.S. East Coast hits the seas Details
8Wait for CNG gets longer Details
8Adani’s Dhamra LNG terminal to help supply gas to Bangladesh, Myanmar Details
8‘Hydrogen is one of the areas UAE is studying for future energy strategy’ Details
8China shale gas output to nearly double over 3 years - consultancy Details
8CIL to undertake commercial extraction of methane before mining coal Details
8Oman, Kuwait urge oil producers to pursue cooperation to maintain stability Details
8Australia's Oil Search cuts 2018 production forecast after PNG quake; Q1 revenue falls Details
8Crude oil prices rise amid risk of supply disruptions to supply Details
8Alberta to restrict oil, gas to neighbor in Canada pipeline row Details
8Cheer for ONGC investors: Higher oil and gas prices should drive earnings Details
8Eye on poll, Centre caps oil prices Details
8Petrol price in India today up by 4 paisa each; New Delhi rates touch Rs 74-mark,Check rates in metro cities Details
8Diesel price today up 9-10 p; Mumbai, Kolkata see steepest hikes; check rates in other cities Details
8Slippery slick: On Centre’s oil policy Details
8Wholesale prices stay soft Details
8German minister to carmakers: Invest in electric cars or lose out Details
You can also click on Newsclips for more Details
8Procurement of Rig Carrier Engines for Work Over Rigs Details
8Hiring of Hydraulic Cranes for Nhava Supply Base Details
8Hiring of Services for drilling of surface and intermediate section of the locations in Frontier Basin by Air Hammer Drilling technology Details
8Replacement of hydrant pipelines Details
8Installation of Petroleum Pipeline across by Horizontal Directional Drilling Technique and associated works Details
8Operation and Maintenance of Coke Conveyor System in Delayed Coker Unit of refinery Details
8Supply of Sodium Carbonate Details
8Supply of Safety Relief Valve as per tender specification Details
8Supply of Globe Valves as per tender specification Details
8Supply of Compressor Spares for refinery Details
8Procurement of Material for Installation of Suction Strainers Details
8Supply of Pipe Fittings Details
8Supply, Installation, Commissioning of Hydrogen Analyser Details
8Carrying out MDPE Laying and Associated Works for City Gas Distribution Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8PFC forays into Waste-to-Energy, lends Rs 290 crore to largest plant Details
8Vedanta Resources appoints S Venkatakrishnan as CEO Details
8Qatar sells al-Shaheen crude via private talks for first time - sources Details
8U.S. Cove Point LNG terminal begins commercial LNG deliveries - data Details
8Dutch energy company Eneco seeks new CEO as privatisation looms Details
8Nord Stream 2 pipeline must balance interests - German minister Details
8Cairn strengthens senior leadership, appoints global HSE leaders Details
8India to launch natural gas trading hub by October Details
8India to launch gas trading hub, spark surge in consumption of cleaner-burning fuel Details
8Indian Oil books 60% of Adani’s LNG terminal capacity at Dhamra Details
8PM Modi leaves for five-day visit to Sweden, UK, Germany Details
8BP aims to keep carbon emissions flat into 2025 to help tackle climate change Details
8PNGRB to act as market regulator for natural gas trading hub Details
8Three Oil PSUs to give 70,000 LPG connections in this state on April 20 Details
8First Commercial LNG Cargo from U.S. East Coast hits the seas Details
8Wait for CNG gets longer Details
8Adani’s Dhamra LNG terminal to help supply gas to Bangladesh, Myanmar Details
8‘Hydrogen is one of the areas UAE is studying for future energy strategy’ Details
8China shale gas output to nearly double over 3 years - consultancy Details
8CIL to undertake commercial extraction of methane before mining coal Details
8Oman, Kuwait urge oil producers to pursue cooperation to maintain stability Details
8Australia's Oil Search cuts 2018 production forecast after PNG quake; Q1 revenue falls Details
8Crude oil prices rise amid risk of supply disruptions to supply Details
8Alberta to restrict oil, gas to neighbor in Canada pipeline row Details
8Cheer for ONGC investors: Higher oil and gas prices should drive earnings Details
8Eye on poll, Centre caps oil prices Details
8Petrol price in India today up by 4 paisa each; New Delhi rates touch Rs 74-mark,Check rates in metro cities Details
8Diesel price today up 9-10 p; Mumbai, Kolkata see steepest hikes; check rates in other cities Details
8Slippery slick: On Centre’s oil policy Details
8Wholesale prices stay soft Details
8German minister to carmakers: Invest in electric cars or lose out Details
You can also click on Newsclips for more Details
8Project Name: Onshore Field Exploratory Drilling
8Project Cost: Rs 400 crore.
8Project Description: Promoter is planning development drilling of shale gas and oil wells. The requirement for hydrofracturing part for the project is expected from promoter's end. The equipment required will be Hydrofracturing Equipment, Proppant, Casing pipes, Drilling pipes, Blow out preventer, Cementing services, Drilling fluid services and other oilfield chemicals. An EIA consultant has been already hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the Hydrofracturing and other Equipment and Oilfield chemicals is expected by Q3, 2018.
8Expenditure Approval: Q2/2018.
8RFQ Date: Q3/2018.
8Release Date: Q3/2018.
8Date: Q4/2018.
8Completion Date: Q2/2020.
Click here for more details for key contacts Details
8Project Cost: Rs 400 crore.
8Project Description: Promoter is planning development drilling of shale gas and oil wells. The requirement for hydrofracturing part for the project is expected from promoter's end. The equipment required will be Hydrofracturing Equipment, Proppant, Casing pipes, Drilling pipes, Blow out preventer, Cementing services, Drilling fluid services and other oilfield chemicals. An EIA consultant has been already hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the Hydrofracturing and other Equipment and Oilfield chemicals is expected by Q3, 2018.
8Expenditure Approval: Q2/2018.
8RFQ Date: Q3/2018.
8Release Date: Q3/2018.
8Date: Q4/2018.
8Completion Date: Q2/2020.
Click here for more details for key contacts Details
8Project Name: Oil Field Development
8Project Cost: Rs 8000 crore
8Project Description: Promoter has planned development drilling of oil wells. The project is expected to be rolled out in several phases, with first phase involving development drilling of 70 wells. Requirements for the project are:- drill pipes, drill casings, diesel gensets, drilling fluid, chemical additives, rigs.
8Project Event: RFQs for hiring drilling rig and wireline services is expected by June 2018.
RFQs for the mechanical equipment are expected by end of June 2018 instead of March 2018 as was project earlier.
8Expenditure Approval: Q3/2016
8RFQ Date: Jun/2018
8Release Date: Jul/2018
8Start Date: Q4/2018
8Completion Date: Q2/2025
Click here for more information related to the project and along with key owner contacts Details
8Project Cost: Rs 8000 crore
8Project Description: Promoter has planned development drilling of oil wells. The project is expected to be rolled out in several phases, with first phase involving development drilling of 70 wells. Requirements for the project are:- drill pipes, drill casings, diesel gensets, drilling fluid, chemical additives, rigs.
8Project Event: RFQs for hiring drilling rig and wireline services is expected by June 2018.
RFQs for the mechanical equipment are expected by end of June 2018 instead of March 2018 as was project earlier.
8Expenditure Approval: Q3/2016
8RFQ Date: Jun/2018
8Release Date: Jul/2018
8Start Date: Q4/2018
8Completion Date: Q2/2025
Click here for more information related to the project and along with key owner contacts Details
8Project Name: Super Thermal Power Station - Installation of FGD
8Project Cost: 500 crores
8Project Description: Owner is carrying out the feasibility report activities for installation of a Wet Flue Gas Desulphurisation (WFGD) Unit at its 1500 MW in the 4000 MW thermal power complex in order to comply with new environmental norms. The project requirement are: absorber system, gas to gas heat exchanger, piles, scaffolding, ladders, dozers, limestone silos, slurry tanks, booster fan, wet ball mills, slurry re-circulation pumps, bucket elevator, gypsum dehydration, stairways, among others.
8Project Event: RFQ for installation of Wet Flue Gas Desulphurization Unit is expected by June 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Jun/2018
8Release Date: Jul/2018
8Start Date: Mar/2019
8Completion Date: Q2:2021
Click here for more information
8Project Name: Thermal Power Station Maintenance Project
8Project Cost: 15 crores
8Project Description: Promoter has planned a 25-day scheduled annual maintenance of boiler, turbine and generator in the 600 MW of its 2000 MW thermal power complex. The mandatory job includes acid cleaning of boiler, water tubes, boiler drum, dearator, checking and replacement of pressure parts of boiler, replacement of pipes in pent house, checking of bukstay links, replacement of seals, journal bearing and thrust bearing of the turbine and generator, among others.
8Project Event: RFQs for required equipment are expected in June 2018.
Click here for more information
8Project Name: Brownfield Thermal Power Plant Expansion
8Project Cost: 5000 crores
8Project Description: Owner is getting delayed in awarding the LOA to the EPC contractor for a brownfield 800 MW super-critical plant at its thermal power station. The EPC contractor in turn will come out with RFQs only after the LOA has been awarded. The project requirements are: steam turbine, boiler, hot air generator, coal handling plant, pulverizer, stacker-reclaimer, dozers, cranes, elevators, piles, ash handling plant, cooling tower, preheater, heat exchanger, chimney, water treatment plant, DM plant, fire fighting system,turbine oil purification system, switch-yard equipment, wagon tippler, conveyer belts, ESP, among others.
8Project Event: RFQs for civil works and transportation services are expected by May 2018.
8Expenditure Approval: May/2015
8RFQ Date: May/2018
8Release Date: Q3:2018
8Start Date: Q1:2019
8Completion Date: Q3:2023
Click here for more information Details
8Project Cost: 500 crores
8Project Description: Owner is carrying out the feasibility report activities for installation of a Wet Flue Gas Desulphurisation (WFGD) Unit at its 1500 MW in the 4000 MW thermal power complex in order to comply with new environmental norms. The project requirement are: absorber system, gas to gas heat exchanger, piles, scaffolding, ladders, dozers, limestone silos, slurry tanks, booster fan, wet ball mills, slurry re-circulation pumps, bucket elevator, gypsum dehydration, stairways, among others.
8Project Event: RFQ for installation of Wet Flue Gas Desulphurization Unit is expected by June 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Jun/2018
8Release Date: Jul/2018
8Start Date: Mar/2019
8Completion Date: Q2:2021
Click here for more information
8Project Name: Thermal Power Station Maintenance Project
8Project Cost: 15 crores
8Project Description: Promoter has planned a 25-day scheduled annual maintenance of boiler, turbine and generator in the 600 MW of its 2000 MW thermal power complex. The mandatory job includes acid cleaning of boiler, water tubes, boiler drum, dearator, checking and replacement of pressure parts of boiler, replacement of pipes in pent house, checking of bukstay links, replacement of seals, journal bearing and thrust bearing of the turbine and generator, among others.
8Project Event: RFQs for required equipment are expected in June 2018.
Click here for more information
8Project Name: Brownfield Thermal Power Plant Expansion
8Project Cost: 5000 crores
8Project Description: Owner is getting delayed in awarding the LOA to the EPC contractor for a brownfield 800 MW super-critical plant at its thermal power station. The EPC contractor in turn will come out with RFQs only after the LOA has been awarded. The project requirements are: steam turbine, boiler, hot air generator, coal handling plant, pulverizer, stacker-reclaimer, dozers, cranes, elevators, piles, ash handling plant, cooling tower, preheater, heat exchanger, chimney, water treatment plant, DM plant, fire fighting system,turbine oil purification system, switch-yard equipment, wagon tippler, conveyer belts, ESP, among others.
8Project Event: RFQs for civil works and transportation services are expected by May 2018.
8Expenditure Approval: May/2015
8RFQ Date: May/2018
8Release Date: Q3:2018
8Start Date: Q1:2019
8Completion Date: Q3:2023
Click here for more information Details
One of the largest banks in the work has raised the Brent/WTI price forecasts ($/Bbl) to $71/$66 from $60/$56 in 2018 and to $70/$65 from $60.75/$58.00 in 2019.
8The market is seen to be tightening for the rest of 2018
8Global inventory draws are seen resuming in 2Q18 and larger draws averaging ~1.0 MMBbld in 2H18, thereby enabling OECD commercial inventories to reach normal levels this year (vs. both 5-year and 7-year average levels).
8With inventory levels back to normal and our forecast of a roughly balanced market in 2019, we forecast Brent/WTI prices will remain strong in 2019
Click on Reports for more Details
8The market is seen to be tightening for the rest of 2018
8Global inventory draws are seen resuming in 2Q18 and larger draws averaging ~1.0 MMBbld in 2H18, thereby enabling OECD commercial inventories to reach normal levels this year (vs. both 5-year and 7-year average levels).
8With inventory levels back to normal and our forecast of a roughly balanced market in 2019, we forecast Brent/WTI prices will remain strong in 2019
Click on Reports for more Details
Extension of fiscal benefits for incremental oil (tax and other incentives) from EOR projects which are needed for declining fields (producing for last 45 to 50 years) in Nomination regime has been suggested
8Moderation in cess & royalty rates is another suggestion
8Implementation of Production Enhancement Contracts (PECs) is th enew trend globally
8Collaboration between operator companies with service companies to increase and accelerate production from mature oil and gas fields has brought about a significant improvement in the recovery.
8ONGC and OIL have begin soliciting service companies and EOIs have come out
8But a lot more needs to be done
Click on Reports for more Details
8Moderation in cess & royalty rates is another suggestion
8Implementation of Production Enhancement Contracts (PECs) is th enew trend globally
8Collaboration between operator companies with service companies to increase and accelerate production from mature oil and gas fields has brought about a significant improvement in the recovery.
8ONGC and OIL have begin soliciting service companies and EOIs have come out
8But a lot more needs to be done
Click on Reports for more Details
The use of Liquidified Biomethane (LBM) using small scale plants is now gaining traction
8The cost economics end up being positive in a country like India where the landed price of LNG is very high
8The website carries here an overview of the available technology and some of the basic environmental, technical, economical and social aspects that must be considered for implementing the sustainable value chain for Liquefied Biomethane (LVM)
8Find out more on what is the latest research on this subject
Click on Reports for more Details
8The cost economics end up being positive in a country like India where the landed price of LNG is very high
8The website carries here an overview of the available technology and some of the basic environmental, technical, economical and social aspects that must be considered for implementing the sustainable value chain for Liquefied Biomethane (LVM)
8Find out more on what is the latest research on this subject
Click on Reports for more Details
Skilling Indian youth to service the oil & gas sector is the new theme.
8It helps that the minister in charge of skilling is also in charge of the petroleum sector
812 categories of skills have been identified
8The point to note is that placements have been good so far, with some placed abroad
8In all, the projections are that vast numbers are going to be skilled
8And the estimates show that all of them are eventually going to be absorbed
Click on Reports for more Details
8It helps that the minister in charge of skilling is also in charge of the petroleum sector
812 categories of skills have been identified
8The point to note is that placements have been good so far, with some placed abroad
8In all, the projections are that vast numbers are going to be skilled
8And the estimates show that all of them are eventually going to be absorbed
Click on Reports for more Details
Torrent power -- which has a 2730 MW of gas based power projects -- is trying to build a 90 km pipeline from the LNG terminal in Dahej
8The idea is to have control over its own gas supply resources, including its own terminal import facilities.
8But objections are likely to come in against the pipeline from others who have already laid pipeline networks there
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Details
8The idea is to have control over its own gas supply resources, including its own terminal import facilities.
8But objections are likely to come in against the pipeline from others who have already laid pipeline networks there
Click on Reports to know more
Details
Offshore wind energy might sound like a frighteningly new area for the Indian oil & gas industry
8But there is little option left for the industry but to step into this segment.
8A lot of oil & gas majors have taken advantage of their offshore oil & gas industry to build large subsidy-free offshore wind energy capacity
8Find out more how oil & gas companies are stepping into this unfamiliar territory with increasing confidence
Click on Reports for more Details
8But there is little option left for the industry but to step into this segment.
8A lot of oil & gas majors have taken advantage of their offshore oil & gas industry to build large subsidy-free offshore wind energy capacity
8Find out more how oil & gas companies are stepping into this unfamiliar territory with increasing confidence
Click on Reports for more Details
What is the internal carbon price that an oil & gas company should take into account while contemplating a future E&P project.
8It is noticed that most companies are factoring in a price of $10 to $20 in terms of carbon price (Click on Reports here)
8But the global "fail-safe" that are now being taken into account is much higher, at $50/bbl
8To be able to remain viable in the medium to long run, oil companies have the twin challenge of hammering down breakeven price levels to as low as possible, preferably below the $30 mark while taking into account a much higher carbon price than they had bargained for the future.
8There is no other way but to take these hard parameters into account while trying to push a project through the capital approval process
8Eventually there is no alternative but to model project economics and NPVs around IEA’s New Policies Scenario, Current Policies Scenario, and the Sustainable Development
8Scenario (SDS). If the NPV does not pass IEA's first two scenarios if not the SDS, the project may have to be dropped
Click on Reports for more Details
8It is noticed that most companies are factoring in a price of $10 to $20 in terms of carbon price (Click on Reports here)
8But the global "fail-safe" that are now being taken into account is much higher, at $50/bbl
8To be able to remain viable in the medium to long run, oil companies have the twin challenge of hammering down breakeven price levels to as low as possible, preferably below the $30 mark while taking into account a much higher carbon price than they had bargained for the future.
8There is no other way but to take these hard parameters into account while trying to push a project through the capital approval process
8Eventually there is no alternative but to model project economics and NPVs around IEA’s New Policies Scenario, Current Policies Scenario, and the Sustainable Development
8Scenario (SDS). If the NPV does not pass IEA's first two scenarios if not the SDS, the project may have to be dropped
Click on Reports for more Details
Find out how a global company has been able to get into a positive cash flow positive situation at a price of $50/bbl
8What is more, attempts are now on to bring down the break-even price of its next-generation portfolio by more than 20% to a mere $21 per barrel.
8At an average Brent oil price of 54 per barrel, the company in 2017 generated a massive USD 3.1 billion in free cash flow
8Find out how this remarkable feat was achieved
8What about Indian companies such as ONGC or OIL? Do they have a similar benchmark?
8Have they been able to bring down the breakeven levels of their next generation projects to levels near to if not as low as what this global major has achieved?
Click on Reports for more Details
8What is more, attempts are now on to bring down the break-even price of its next-generation portfolio by more than 20% to a mere $21 per barrel.
8At an average Brent oil price of 54 per barrel, the company in 2017 generated a massive USD 3.1 billion in free cash flow
8Find out how this remarkable feat was achieved
8What about Indian companies such as ONGC or OIL? Do they have a similar benchmark?
8Have they been able to bring down the breakeven levels of their next generation projects to levels near to if not as low as what this global major has achieved?
Click on Reports for more Details
Setting up a gas trading hub is not easy as countries such as China, Japan and Singapore have not been able to successfully put up their own hubs despite a lot of background work and enabling factors in place.
8Indian teams in charge of building a gas trading hub will have to begin with visits to the US or UK or Australia to figure out how it works in these countries and whether what works there will work in India.
8Studies and recommendations will be needed in putting together the regulatory framework in terms of pipeline infrastructure, ensuring interconnectivity of pipelines, tariff models and separation of transportation and sales paradigm in existing monopolies
8Standardized unbundled contracts must be the order of the day and working them out will not be easy.
8A lot of learning will be needed among Indian players before a hub can actually be designed.
8Capacity data disclosure and transparency will have to be the order of the day.
8Role of different players will have to be clearly defined and regulations laid down accordingly.
8What kind of market clearing mechanisms will be in place?
8How will price discovery be done?
8Many questions will have to be answered.
8One thing is for sure: A gas trading hub of the kind prevalent in the West will take many years before it can become a reality in India
Click on Reports for more Details
8Indian teams in charge of building a gas trading hub will have to begin with visits to the US or UK or Australia to figure out how it works in these countries and whether what works there will work in India.
8Studies and recommendations will be needed in putting together the regulatory framework in terms of pipeline infrastructure, ensuring interconnectivity of pipelines, tariff models and separation of transportation and sales paradigm in existing monopolies
8Standardized unbundled contracts must be the order of the day and working them out will not be easy.
8A lot of learning will be needed among Indian players before a hub can actually be designed.
8Capacity data disclosure and transparency will have to be the order of the day.
8Role of different players will have to be clearly defined and regulations laid down accordingly.
8What kind of market clearing mechanisms will be in place?
8How will price discovery be done?
8Many questions will have to be answered.
8One thing is for sure: A gas trading hub of the kind prevalent in the West will take many years before it can become a reality in India
Click on Reports for more Details
8A private operator is coming out with a major infield pipeline requirement RFQ
8RFQ is likely in May
Click on Details for more, including key contacts
Details
8RFQ is likely in May
Click on Details for more, including key contacts
Details
A lot of new business is coming out from GAIL's end on the E&P side.
8Some of the blocks are going to enter the development phase
8PMC contractors will be needed
Click on Details for more Details
8Some of the blocks are going to enter the development phase
8PMC contractors will be needed
Click on Details for more Details
The second well is getting spudded
8Find out which drill ship is doing the job
8Who has spudded the first well and when is the job likely to end?
8Why was the tender for the Odalrevu Onshore terminal extended?
Click on Details for more Details
8Find out which drill ship is doing the job
8Who has spudded the first well and when is the job likely to end?
8Why was the tender for the Odalrevu Onshore terminal extended?
Click on Details for more Details
8Project Name: POL Terminal Expansion Project
8Project Cost: Rs 33 Crore
8Project Description: Owner along with the LSTK contractor is planning to expand its storage capacity
8Project Event: RFQ for electrical and instrumentation work is expected by August 2018.
8Expenditure Approval : Q3:2017
8RFQ Date : Aug/2018
8Release Date: Sep/2018
8Start Date : Q1:2018
8Completion Date : Q2:2019
Click here for more details for key contacts and other attendant details. Details
8Project Cost: Rs 33 Crore
8Project Description: Owner along with the LSTK contractor is planning to expand its storage capacity
8Project Event: RFQ for electrical and instrumentation work is expected by August 2018.
8Expenditure Approval : Q3:2017
8RFQ Date : Aug/2018
8Release Date: Sep/2018
8Start Date : Q1:2018
8Completion Date : Q2:2019
Click here for more details for key contacts and other attendant details. Details
8Project Name: BS-VI Diesel Hydrotreater Upgradation
8Project Cost: Rs 1000 Crore
8Project Description: The owner along with the EPCM contractor and licensor are now carrying out construction activities for a new Diesel Hydrotreater Unit (DHDT) and a Hydrogen Generation (HGU) Unit
8Project Event: RFQ for the Instrumentation and electrical work is expected by June 2018.
8Expenditure Approval : Q1:2017
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q2:2018
8Completion Date : Q1:2020
Click here for more details. Details
8Project Cost: Rs 1000 Crore
8Project Description: The owner along with the EPCM contractor and licensor are now carrying out construction activities for a new Diesel Hydrotreater Unit (DHDT) and a Hydrogen Generation (HGU) Unit
8Project Event: RFQ for the Instrumentation and electrical work is expected by June 2018.
8Expenditure Approval : Q1:2017
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q2:2018
8Completion Date : Q1:2020
Click here for more details. Details
8Project Name: Greenfield LPG Pipeline Project
8Project Cost: Rs 1000 Crore
8Project Description: The owner is planning the execution of a 400 Km. The capacity of the pipeline is 1.75 MMTPA.
8Project Event: RFQ for the EPC Contractor is expected by July 2018.
8Expenditure Approval : Q1:2016
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q4:2018
8Completion Date : Q1:2020
Click here for more details. Details
8Project Cost: Rs 1000 Crore
8Project Description: The owner is planning the execution of a 400 Km. The capacity of the pipeline is 1.75 MMTPA.
8Project Event: RFQ for the EPC Contractor is expected by July 2018.
8Expenditure Approval : Q1:2016
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q4:2018
8Completion Date : Q1:2020
Click here for more details. Details
8Project Name: A Greenfield LPG Import Terminal Project (IOCL)
8Project Cost: Rs 850 crore
8Project Description: The owner is planning to set up large LPG terminal to supply its bottling plans in the hinterland. Earlier, the project was on hold but now the terminal has received environmental clearance as well as clearance from the Petroleum and Explosive Safety Organisation.
8Project Event: RFQ For EPC contractor is to be expected by June 2018.
8Expenditure Approval : Q3:2014
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q4:2018
8Completion Date : Q1:2020
Click here for more detailsfor project configurations and key contacts Details
8Project Cost: Rs 850 crore
8Project Description: The owner is planning to set up large LPG terminal to supply its bottling plans in the hinterland. Earlier, the project was on hold but now the terminal has received environmental clearance as well as clearance from the Petroleum and Explosive Safety Organisation.
8Project Event: RFQ For EPC contractor is to be expected by June 2018.
8Expenditure Approval : Q3:2014
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q4:2018
8Completion Date : Q1:2020
Click here for more detailsfor project configurations and key contacts Details
For reference purposes the website carries here the following tenders:
8Carrying out thickness gauging of high temperature piping and equipments Details
8Supply of Dimethyl Disulphide in refinery Details
8Supply of different Pressure Vessels BS VI Project Details
8Procurement of LSTK 3 package for Ethylene Glycol Project Details
8Procurement of Fasteners for DHDT Unit in refinery Details
8Catalyst Loading/ Unloading in reactors at refinery during shutdown Details
8Supply of Turnkey Instrumentation for GTU Project at refinery Details
8Rate Contract for supply of Seamless Carbon Steel Pipes for different refineries Details
8Supply of flow serve actuators at refinery Details
8Supply, Installation, Commissioning and Training of Mass Flow Meter Panel System Details
8Procurement of Valves at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOC to give LPG connections to 6.55 lakh poor families in NE Details
8Petrol price in India today up by 4-6 paisa; New Delhi, Kolkata, Chennai see most hike, check other cities Details
8India to ally with China on ‘Asian premium’ Details
8Cairn appoints three health, safety executives Details
8Oil price: Can India, China re-do the equation? Details
8PM Narendra Modi makes a business trip to Nordic free-trade bastion Details
8Coal India's CBM roadmap hinges on techno-feasibility report Details
8India will work with China on OPEC's 'Asian Premium' issue: Pradhan Details
8Crude oil may be about to spike, and JPMorgan has trades to play it Details
8Centre to give 2 million LPG connections under PMUY to Telangana: Pradhan Details
8Income Tax dept seizes Rs 440 crore dividend income of Cairn Energy Details
8Now, MNS Chief Raj Thackeray joins Ratnagiri oil refinery protest Details
8PM Modi's constituency Varanasi to go green with CNG, PNG services Details
8US Energy Secretary Rick Perry to visit India to enhance bilateral ties Details
8Oil soared on last week amid OPEC/Saudi jawboning and geopolitical worries in Middle-East/Syria Details
8Indian Oil LNG Regassification Deal Details
8Government tweaks production sharing contracts mid-way, oil & gas reform hit Details
8Essar sees recoverable shale gas prospects in West Bengal's Raniganj block Details
8The oil exports puzzle Details
8Asia shares mixed, oil down amid Syria fallout Details
8Oil markets tense after western strikes on Syria, but rising US drilling weighs Details
8US Energy Secretary to meet oil minister Dharmendra Pradhan Details
8Canada's PM Trudeau pledges money, new law for pipeline project Details
8Cairn appoints three health, safety executives to strengthen practices Details
8We want all to abide by results of arbitration: Simon Thomson, CEO, Cairn Details
8Shell sells 8.5% stake in Mahanagar Gas Details
You can also click on Newsclips for more Details
8Carrying out thickness gauging of high temperature piping and equipments Details
8Supply of Dimethyl Disulphide in refinery Details
8Supply of different Pressure Vessels BS VI Project Details
8Procurement of LSTK 3 package for Ethylene Glycol Project Details
8Procurement of Fasteners for DHDT Unit in refinery Details
8Catalyst Loading/ Unloading in reactors at refinery during shutdown Details
8Supply of Turnkey Instrumentation for GTU Project at refinery Details
8Rate Contract for supply of Seamless Carbon Steel Pipes for different refineries Details
8Supply of flow serve actuators at refinery Details
8Supply, Installation, Commissioning and Training of Mass Flow Meter Panel System Details
8Procurement of Valves at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOC to give LPG connections to 6.55 lakh poor families in NE Details
8Petrol price in India today up by 4-6 paisa; New Delhi, Kolkata, Chennai see most hike, check other cities Details
8India to ally with China on ‘Asian premium’ Details
8Cairn appoints three health, safety executives Details
8Oil price: Can India, China re-do the equation? Details
8PM Narendra Modi makes a business trip to Nordic free-trade bastion Details
8Coal India's CBM roadmap hinges on techno-feasibility report Details
8India will work with China on OPEC's 'Asian Premium' issue: Pradhan Details
8Crude oil may be about to spike, and JPMorgan has trades to play it Details
8Centre to give 2 million LPG connections under PMUY to Telangana: Pradhan Details
8Income Tax dept seizes Rs 440 crore dividend income of Cairn Energy Details
8Now, MNS Chief Raj Thackeray joins Ratnagiri oil refinery protest Details
8PM Modi's constituency Varanasi to go green with CNG, PNG services Details
8US Energy Secretary Rick Perry to visit India to enhance bilateral ties Details
8Oil soared on last week amid OPEC/Saudi jawboning and geopolitical worries in Middle-East/Syria Details
8Indian Oil LNG Regassification Deal Details
8Government tweaks production sharing contracts mid-way, oil & gas reform hit Details
8Essar sees recoverable shale gas prospects in West Bengal's Raniganj block Details
8The oil exports puzzle Details
8Asia shares mixed, oil down amid Syria fallout Details
8Oil markets tense after western strikes on Syria, but rising US drilling weighs Details
8US Energy Secretary to meet oil minister Dharmendra Pradhan Details
8Canada's PM Trudeau pledges money, new law for pipeline project Details
8Cairn appoints three health, safety executives to strengthen practices Details
8We want all to abide by results of arbitration: Simon Thomson, CEO, Cairn Details
8Shell sells 8.5% stake in Mahanagar Gas Details
You can also click on Newsclips for more Details
8Project Name: Thermal Power Station Project
8Project Cost: 5000 crores
8Project Description: Owner plans to set up a 660 MW replacement super-critical thermal power complex to be located in the existing premises of old Thermal Power Station has been delayed due to environment permission issues. Further RFQs are expected subsequently. The project requirements are: pulverized boiler, steam turbine, generator, cooling tower, coal handling plant, ash handling plant, chimney, heat exchanger, preheater, ventilation system, water treatment plant, scaffolding, dozers, cranes, stacker-reclaimer, ESP, switchyard equipment, transformer, fire protection system, FGD, NOx controller, tanks, silos, among others.
8Project Event: RFQ for an EPC contractor is expected to be floated by May 2018.
8Expenditure Approval: Q4:2017
8RFQ Date: May/2018
8Release Date: Q3:2018
8Start Date: Q1:2019
8Completion Date: Q3:2023
Click here for more information
8Project Name: Thermal Power Station - FGD Addition
8Project Cost: 500 crores
8Project Description: Promoter is undertaking survey works for preparation of a feasibility report for installation of a flue gas desulphurisation unit (FGD) in 300 MW of its 750 MW thermal power plant. Further RFQs are expected after preparation of the feasibility report. The major requirements are: absorber system, gas to gas heat exchanger, piles, scaffolding, ladders, dozers, limestone silos, slurry tanks, booster fan, wet ball mills, slurry re-circulation pumps, bucket elevator, gypsum dehydration, stairways, among others.
8Project Event: RFQs supply, installation, erection and commissioning of FGD works are expected by June 2018.
8Expenditure Approval: 2017
8RFQ Date: Jun/2018
8Release Date: Q3:2018
8Start Date: Q2:2020
8Completion Date: Q3:2022
Click here for more information
8Project Name: Super Thermal Power Maintenance Project
8Project Cost: 20 crores
8Project Description: The owner has planned a 25-day capital overhaul in 250 MW of its 3000 MW thermal power plant. The mandatory work includes replacement of boiler pressure parts, water tubes, replacement of pipes in pent house, turbine casing, checking and cleaning of condensate pumps, air preheater guide bearing replacement, checking of nozzles of coal burner and do proper lubrication, damper checking and replacement, among others.
8Project Event: RFQs for required equipment are expected in mid - May 2018.
Click here for more information Details
8Project Cost: 5000 crores
8Project Description: Owner plans to set up a 660 MW replacement super-critical thermal power complex to be located in the existing premises of old Thermal Power Station has been delayed due to environment permission issues. Further RFQs are expected subsequently. The project requirements are: pulverized boiler, steam turbine, generator, cooling tower, coal handling plant, ash handling plant, chimney, heat exchanger, preheater, ventilation system, water treatment plant, scaffolding, dozers, cranes, stacker-reclaimer, ESP, switchyard equipment, transformer, fire protection system, FGD, NOx controller, tanks, silos, among others.
8Project Event: RFQ for an EPC contractor is expected to be floated by May 2018.
8Expenditure Approval: Q4:2017
8RFQ Date: May/2018
8Release Date: Q3:2018
8Start Date: Q1:2019
8Completion Date: Q3:2023
Click here for more information
8Project Name: Thermal Power Station - FGD Addition
8Project Cost: 500 crores
8Project Description: Promoter is undertaking survey works for preparation of a feasibility report for installation of a flue gas desulphurisation unit (FGD) in 300 MW of its 750 MW thermal power plant. Further RFQs are expected after preparation of the feasibility report. The major requirements are: absorber system, gas to gas heat exchanger, piles, scaffolding, ladders, dozers, limestone silos, slurry tanks, booster fan, wet ball mills, slurry re-circulation pumps, bucket elevator, gypsum dehydration, stairways, among others.
8Project Event: RFQs supply, installation, erection and commissioning of FGD works are expected by June 2018.
8Expenditure Approval: 2017
8RFQ Date: Jun/2018
8Release Date: Q3:2018
8Start Date: Q2:2020
8Completion Date: Q3:2022
Click here for more information
8Project Name: Super Thermal Power Maintenance Project
8Project Cost: 20 crores
8Project Description: The owner has planned a 25-day capital overhaul in 250 MW of its 3000 MW thermal power plant. The mandatory work includes replacement of boiler pressure parts, water tubes, replacement of pipes in pent house, turbine casing, checking and cleaning of condensate pumps, air preheater guide bearing replacement, checking of nozzles of coal burner and do proper lubrication, damper checking and replacement, among others.
8Project Event: RFQs for required equipment are expected in mid - May 2018.
Click here for more information Details
What is the age profile of India's pipeline network?
8A lot of it is 25-40 years old and are in requirement of major repairs or replacement
8Find out what are the threats to India's pipeline integrity. How are they classified?
8Get to know what are the causes of failure. Why are third party risks so high in such failures?
8What are the integrity management systems in place in Indian pipeline companies?
Click on Reports to know more Details
8A lot of it is 25-40 years old and are in requirement of major repairs or replacement
8Find out what are the threats to India's pipeline integrity. How are they classified?
8Get to know what are the causes of failure. Why are third party risks so high in such failures?
8What are the integrity management systems in place in Indian pipeline companies?
Click on Reports to know more Details
The renewable industry of interest to the oil & gas sector as it is eventually an indirect substitute to some of the products that it manufactures.
8In India after hitting a low, renewable energy tariffs are beginning to rise
8The latest tariffs from the auctions indicate a recovery after hitting historic lows in the previous auctions during 2017-18, rates have gone up by 16% recently
8Similarly, solar energy capacity was bid at Rs. 2.96 per unit for 500MW capacity in Gujarat, up from a low of Rs 2.44 hit in 2017-18.
8The reason for lack of participation for solar power auctions can be attributed to
-- Ambiguity on the imposition of anti-dumping and safeguard duties on solar power components
-- Auctioning agencies not providing enough safeguards for revision of tariffs in case of cost escalation.
-- Fixing upper ceiling of tariffs too has led to developers not bidding for the projects.
8In wind energy too, cost factors are at play
8Get a full analysis of what is going in this segment here
Click on Reports for more Details
8In India after hitting a low, renewable energy tariffs are beginning to rise
8The latest tariffs from the auctions indicate a recovery after hitting historic lows in the previous auctions during 2017-18, rates have gone up by 16% recently
8Similarly, solar energy capacity was bid at Rs. 2.96 per unit for 500MW capacity in Gujarat, up from a low of Rs 2.44 hit in 2017-18.
8The reason for lack of participation for solar power auctions can be attributed to
-- Ambiguity on the imposition of anti-dumping and safeguard duties on solar power components
-- Auctioning agencies not providing enough safeguards for revision of tariffs in case of cost escalation.
-- Fixing upper ceiling of tariffs too has led to developers not bidding for the projects.
8In wind energy too, cost factors are at play
8Get a full analysis of what is going in this segment here
Click on Reports for more Details
Even as the offshore drilling market continues to remain depressed, new offshore drilling rig construction levels remained healthy as orders were placed when the market was better, with 137 new rigs under construction (96 jack-ups, 14 semi-submersibles and 27 drillships)
8The depressing point to note is that 122 of these new rigs do not yet have a contract yet.
8While awaiting better market conditions, the negative market phase has also led, in several cases, to the postponement of the time frames for the delivery of plants under construction (ostensibly to 2018 and beyond).
8Even so, a significant number of units that will be delivered in the medium term
8Old rigs are now being retired as new rigs hit the market and this represents structural changes in the offshore drilling segment
8Old rigs under deployment with ONGC will eventually have to be scrapped as new rigs replace them
Click on Reports for more Details
8The depressing point to note is that 122 of these new rigs do not yet have a contract yet.
8While awaiting better market conditions, the negative market phase has also led, in several cases, to the postponement of the time frames for the delivery of plants under construction (ostensibly to 2018 and beyond).
8Even so, a significant number of units that will be delivered in the medium term
8Old rigs are now being retired as new rigs hit the market and this represents structural changes in the offshore drilling segment
8Old rigs under deployment with ONGC will eventually have to be scrapped as new rigs replace them
Click on Reports for more Details
A recent ruling that vessels engaged in temporary seismic surveys in the high seas off the coast of India will be deemed to have had a fixed Permanent Residence (PE) in India seems to have rattled the offshore industry.
8The income arising out of Indian operations will be subject to tax in India as business income
8There have been different ruling on this question in the past but the latest order will influence similar pleadings filed later
Click on Reports for more Details
8The income arising out of Indian operations will be subject to tax in India as business income
8There have been different ruling on this question in the past but the latest order will influence similar pleadings filed later
Click on Reports for more Details
The latest asset class breakeven figures point towards North American light tight oil will end up having lower breakeven levels than oil coming out of the Middle East
8This will be on account of rapid technological advances in the finding and production of US oil
8Different asset classes are arriving at different breakeven levels over time and the data keeps changing every year
8Find out the latest 2018 data here
Click on Reports for more Details
8This will be on account of rapid technological advances in the finding and production of US oil
8Different asset classes are arriving at different breakeven levels over time and the data keeps changing every year
8Find out the latest 2018 data here
Click on Reports for more Details
A new set of baseline data has emerged on how Indian energy consumption is going to behave for the periods 2020-25, 2025-30, 2030-40 and 2040-60.
8Very interestingly, despite the fact that India wants to move deliberately into a gas economy, the CAGR of demand for gas starts to be in negative territory from 2025-30 onwards, and this accelerates in the 2030-35 period
8However demand for oil and gas will continue to be positive even though it will decelerate
8What has caused one of the largest such research group in the world to come up with such projections?
8Indian companies must keep such projections in mind while conducting their scenario planning.
Click on Reports for more Details
8Very interestingly, despite the fact that India wants to move deliberately into a gas economy, the CAGR of demand for gas starts to be in negative territory from 2025-30 onwards, and this accelerates in the 2030-35 period
8However demand for oil and gas will continue to be positive even though it will decelerate
8What has caused one of the largest such research group in the world to come up with such projections?
8Indian companies must keep such projections in mind while conducting their scenario planning.
Click on Reports for more Details
Despite the enthusiastic growth in demand for crude oil, sober projections made by international majors -- around which they base their medium and long term planning -- continue to be based on the assumption that demand growth will settle down 1% per year from 2020-25.
8Demand will peak around the middle of the decade and then falls by about 1% per year until about 2040.
8In 2050, demand for oil is 78 million barrels a day (mb/d) – about 85% of today’s oil production.
8The point to note is that even in 2070, oil use remains around 50-60 mb/d, because of the continued need for oil in heavy transport, as well as chemical manufacturing.
8In these circumstances, gas demand in rises 2% per year between 2020-2025 and by 1.5% between 2025-2030. It peaks around the middle of the 2030s and falls by 0.5% per year
for the rest of the decade.
8However, even in this scenario, E&P investments will be essential as without it, the natural production decline rate would be about 7% per year. Over a period of five years, that would translate into about 30 million barrels of oil equivalent per day (mmboe/d) of lost production from the current level of around 95 mmboe/day.
Click on Reports for more Details
8Demand will peak around the middle of the decade and then falls by about 1% per year until about 2040.
8In 2050, demand for oil is 78 million barrels a day (mb/d) – about 85% of today’s oil production.
8The point to note is that even in 2070, oil use remains around 50-60 mb/d, because of the continued need for oil in heavy transport, as well as chemical manufacturing.
8In these circumstances, gas demand in rises 2% per year between 2020-2025 and by 1.5% between 2025-2030. It peaks around the middle of the 2030s and falls by 0.5% per year
for the rest of the decade.
8However, even in this scenario, E&P investments will be essential as without it, the natural production decline rate would be about 7% per year. Over a period of five years, that would translate into about 30 million barrels of oil equivalent per day (mmboe/d) of lost production from the current level of around 95 mmboe/day.
Click on Reports for more Details
Tender Update
8RCF invited a tender for supply of Natural gas/ RLNG for non-urea activity
8The tender was issued on 9 April and its closing date was 12 April
8Now, the tender has been extended to 17 April 2018 Details
8RCF invited a tender for supply of Natural gas/ RLNG for non-urea activity
8The tender was issued on 9 April and its closing date was 12 April
8Now, the tender has been extended to 17 April 2018 Details
Why is it always risky for private companies to invest in building downstream retail infrastructure in India?
8The reason is you never know when the government decides to step in, as it has now done by ordering oil companies to stop pushing price increases down to the pump.
8Soon enough, when oil prices begin to rise further, oil companies will have to take the hike in their balance sheets.
8This impacts the private sector, which is not extended the benefits of government subsidization. Soon enough, if oil prices continue to surge, private retail outlets will have to end up shutting shop like it did the last time around.
8Eventually, the variable is the price of oil. If it goes up, the private sector will be out, if it goes down, it will be in. To peg the fortunes of its retail plan only to the price of crude oil, over which it does not have any control, is an extremely risky proposition for private sector retail. And this is not something that they did not know. And this is one reason why private retail will never be able to set up a large enough base in India, for investments in this area far too risky here.
8On a larger perspective, the Modi government remained steadfast in raising prices but clearly, political expediency has come in the way. The logic now, as it should have always been, is that money in people's hands, when the hike is not passed on, is better than in the hands of oil companies, as that will go to shore up the larger economy through higher consumption, than money left with oil companies which will only go into oil & gas capex which has narrow spinoff impact on the economy.
8Manmohan Singh understood this basic economic principle better than Narendra Modi.
8Find out more on how the latest decision is going to impact oil companies down the line
Click on Reports for more Details
8The reason is you never know when the government decides to step in, as it has now done by ordering oil companies to stop pushing price increases down to the pump.
8Soon enough, when oil prices begin to rise further, oil companies will have to take the hike in their balance sheets.
8This impacts the private sector, which is not extended the benefits of government subsidization. Soon enough, if oil prices continue to surge, private retail outlets will have to end up shutting shop like it did the last time around.
8Eventually, the variable is the price of oil. If it goes up, the private sector will be out, if it goes down, it will be in. To peg the fortunes of its retail plan only to the price of crude oil, over which it does not have any control, is an extremely risky proposition for private sector retail. And this is not something that they did not know. And this is one reason why private retail will never be able to set up a large enough base in India, for investments in this area far too risky here.
8On a larger perspective, the Modi government remained steadfast in raising prices but clearly, political expediency has come in the way. The logic now, as it should have always been, is that money in people's hands, when the hike is not passed on, is better than in the hands of oil companies, as that will go to shore up the larger economy through higher consumption, than money left with oil companies which will only go into oil & gas capex which has narrow spinoff impact on the economy.
8Manmohan Singh understood this basic economic principle better than Narendra Modi.
8Find out more on how the latest decision is going to impact oil companies down the line
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Phosphoric acid Expansion Project
8Cost - Rs 130 Crore
8Project Event: RFQ for EPC contractor is likely to be released in May 2018.
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SSP Fertilizer Greenfield Project
8Cost - Rs 90 Crore
8Project Description: Simon India and Patel Enterprises are in the race for the LSTK contractor for a greenfield Single Super Phosphate Fertilizer project of FCI Aravali with a capacity 800 MTPD in India. The equipment requirements are Cranes, Hoppers, Feeders, Conveyors, Valves, Grinding Mills, Tanks, Separators, Pumps, ID Fans, Collectors, Generators, Mixers, Dens, Scrubbers, Screens, Elevators, Furnaces, Cyclones, Blowers, Belts, Weighing machines and more.
8Project Event: RFQ for an LSTK contractor is released in March 2018 and contraction process is ongoing, Tender for equipment is likely to be released in August 2018.
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8Cost - Rs 130 Crore
8Project Event: RFQ for EPC contractor is likely to be released in May 2018.
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SSP Fertilizer Greenfield Project
8Cost - Rs 90 Crore
8Project Description: Simon India and Patel Enterprises are in the race for the LSTK contractor for a greenfield Single Super Phosphate Fertilizer project of FCI Aravali with a capacity 800 MTPD in India. The equipment requirements are Cranes, Hoppers, Feeders, Conveyors, Valves, Grinding Mills, Tanks, Separators, Pumps, ID Fans, Collectors, Generators, Mixers, Dens, Scrubbers, Screens, Elevators, Furnaces, Cyclones, Blowers, Belts, Weighing machines and more.
8Project Event: RFQ for an LSTK contractor is released in March 2018 and contraction process is ongoing, Tender for equipment is likely to be released in August 2018.
Click here for more information Details
A private Indian company has strengthened its presence in the prolific Hydrocarbon Basins of North East India
8It has taken over as the new operator and the North East, with its vast potential, has now become its playing ground
8Proven oil field reserves, ambitious plans and a willingness to explore more and take risks seem to set this company apart from the others
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8It has taken over as the new operator and the North East, with its vast potential, has now become its playing ground
8Proven oil field reserves, ambitious plans and a willingness to explore more and take risks seem to set this company apart from the others
Click on Details for more Details
8Project Name: Oil Field Development
8Project Cost: Rs 950 crore
8Project Description: The Promoter is planning to drill 65 Development wells and 12 Exploratory/Appraisal wells. The Application for forest clearance has been applied and is under process. The equipment required for the project will be Drill Pipes, Casing Pipes, Xmas Trees, Blow Out Preventer, Cementing services, Drilling fluid services and other Oilfield chemicals. An EIA Consultant for the project has already been hired. Further RFQs are expected shortly.
8Project Event: RFQ for the equipment and oilfield chemicals is expected by Q3/2018.
8Expenditure Approval: Q4/2015
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: Dec/2019
8Completion Date: Dec/2022
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Details
8Project Cost: Rs 950 crore
8Project Description: The Promoter is planning to drill 65 Development wells and 12 Exploratory/Appraisal wells. The Application for forest clearance has been applied and is under process. The equipment required for the project will be Drill Pipes, Casing Pipes, Xmas Trees, Blow Out Preventer, Cementing services, Drilling fluid services and other Oilfield chemicals. An EIA Consultant for the project has already been hired. Further RFQs are expected shortly.
8Project Event: RFQ for the equipment and oilfield chemicals is expected by Q3/2018.
8Expenditure Approval: Q4/2015
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: Dec/2019
8Completion Date: Dec/2022
Click here for more details, including project configurations and key contacts
Details
8Project Name: Greenfield LNG Terminal
8Project Cost: Rs 5000 Crore
8Project Description: Owner is planning to install an LNG Floating Storage and Regasification Unit (FSRU). The EPC contractor is already in. The FSRU design has been finalized and is expected to take delivery of the same by December 2018.
8Project Event: RFQ for Equipment is expected by July 2018.
8Expenditure Approval : Q2:2017
8RFQ Date : Jul/2018
8Release Date: Sep/2018
8Start Date : Q3:2018
8Completion Date : Q1:2020
Click here for more details for project configuration and key contacts. Details
8Project Cost: Rs 5000 Crore
8Project Description: Owner is planning to install an LNG Floating Storage and Regasification Unit (FSRU). The EPC contractor is already in. The FSRU design has been finalized and is expected to take delivery of the same by December 2018.
8Project Event: RFQ for Equipment is expected by July 2018.
8Expenditure Approval : Q2:2017
8RFQ Date : Jul/2018
8Release Date: Sep/2018
8Start Date : Q3:2018
8Completion Date : Q1:2020
Click here for more details for project configuration and key contacts. Details
8Project Name: Greenfield Natural Gas Pipeline
8Project Cost: Rs 1000 Crore
8Project Description: The owner has hired a PMC contractor for the project. The total length of the pipeline is around 350 KM.
8Project Event: RFQ for the equipment is expected by July 2018.
8Expenditure Approval : Q3:2016
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q4:2018
8Completion Date : Q4:2020
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8Project Cost: Rs 1000 Crore
8Project Description: The owner has hired a PMC contractor for the project. The total length of the pipeline is around 350 KM.
8Project Event: RFQ for the equipment is expected by July 2018.
8Expenditure Approval : Q3:2016
8RFQ Date : Jul/2018
8Release Date: Aug/2018
8Start Date : Q4:2018
8Completion Date : Q4:2020
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8Project Name: Greenfield 2G Bio Refinery
8Project Cost: Rs 1000 crore
8Project Description: Owner along with EPC contractor and licensor is installing a Bioethanol project. RFQ for the major equipment is already out and will be provided as free issue item to the LSTK contractor. RFQ for the LSTK contractor is already out which is under evaluation. Further bid for civil works is expected to come from LSTK contractor end.
8Project Event: RFQ for Civil work is expected by June 2018.
8Expenditure Approval : Q2:2017
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q2:2018
8Completion Date : Q4:2020
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Business Opportunity for Maintenance Contractor
8A refinery owner is planning to float a bid of maintenance contract for the Miscellaneous Instrumentation Shutdown services for its DHDS unit at one of its refineries. This Maintenance shutdown work is of 25 days from the date of handling over the contract.
Get the key contact here Details
8Project Cost: Rs 1000 crore
8Project Description: Owner along with EPC contractor and licensor is installing a Bioethanol project. RFQ for the major equipment is already out and will be provided as free issue item to the LSTK contractor. RFQ for the LSTK contractor is already out which is under evaluation. Further bid for civil works is expected to come from LSTK contractor end.
8Project Event: RFQ for Civil work is expected by June 2018.
8Expenditure Approval : Q2:2017
8RFQ Date : Jun/2018
8Release Date: Jul/2018
8Start Date : Q2:2018
8Completion Date : Q4:2020
Click here for more details.
Business Opportunity for Maintenance Contractor
8A refinery owner is planning to float a bid of maintenance contract for the Miscellaneous Instrumentation Shutdown services for its DHDS unit at one of its refineries. This Maintenance shutdown work is of 25 days from the date of handling over the contract.
Get the key contact here Details
