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Apr 2017
Updates from our project monitoring software
8The EPC contractor of an LNG terminal is planning to float bids for a mechanical consultant in June, 2017
Find out more, along with key contacts and telephone numbers
8An oil marketing company is trying to expand its existing LPG Bulk Storage & Bottling Facility to 2700 MT capacity installing a 3 x 600 MT (1800 MT) facility
The project cost is over Rs 80 crore
Click on Details for key contacts and more project related information. Details
8The EPC contractor of an LNG terminal is planning to float bids for a mechanical consultant in June, 2017
Find out more, along with key contacts and telephone numbers
8An oil marketing company is trying to expand its existing LPG Bulk Storage & Bottling Facility to 2700 MT capacity installing a 3 x 600 MT (1800 MT) facility
The project cost is over Rs 80 crore
Click on Details for key contacts and more project related information. Details
Even as we build our project monitoring software, we are trying bring to our readers sample project information that our analysts are throwing up.
8The information is valuable as it is forward looking. It projects a future RFQ requirement along with all other project parameters
8The problem area is in finding phone validated key contacts for each project component even if the RFQ information is specifically available and that's where all our efforts are concentrated at this moment.
8Our internal goal is to ensure that we capture up to 90% of the overall oil & gas sector investment in our software
8In effect therefore we are talking of over 1,500 projects -- including maintenance projects -- with an investment of Rs one crore.
8We have detailed facilities and unit level information. A big oil and gas company will have dozens of industrial facilities and hundreds of units, each with its own unique set of technical information. We will also provide equipment level information on boilers, turbine, pumps, compressors and others. The software weaves all of this together into an easy to read format.
8A basic CRM is also included in the package, which we hope to improve upon as we go along, wherein specific projects and contacts can be assigned to team members and tracked subsequently.
8A comprehensive turnaround alert system -- be it planned or unplanned -- has been put in place with an avalanche of information so that all the reader has to do is to pick up the phone and call the contact. This alert will provide details of the units where the turnaround has occurred, capacity that has gone offline, reasons for the shutdown (economic, mechanical or environmental) and the timelines involved. An archive of previous shutdown and start up dates will be preserved. More importantly the equipment that would require repair and maintenance will be highlighted. Mechanical engineers within our team will identify the exact nature of the boiler tube failure, for example, so that the reader can get the right perspective in the quickest possible time.
8Every client will have a dedicated analyst, and he can be contacted for clarifications or for chasing up more information.
8An internal alert system challenges out analysts to ensure timely updatation of a project. The Rs 34,000 crore KG-DWN-98/2 project will have scores of updates through the life of the project. The minimum project updation timeline has been set at one month.
8Our biggest challenge now is to ensure that that we bring this software to our clients as quickly as possible.
8Internal quality control checks are currently on. Details
8The information is valuable as it is forward looking. It projects a future RFQ requirement along with all other project parameters
8The problem area is in finding phone validated key contacts for each project component even if the RFQ information is specifically available and that's where all our efforts are concentrated at this moment.
8Our internal goal is to ensure that we capture up to 90% of the overall oil & gas sector investment in our software
8In effect therefore we are talking of over 1,500 projects -- including maintenance projects -- with an investment of Rs one crore.
8We have detailed facilities and unit level information. A big oil and gas company will have dozens of industrial facilities and hundreds of units, each with its own unique set of technical information. We will also provide equipment level information on boilers, turbine, pumps, compressors and others. The software weaves all of this together into an easy to read format.
8A basic CRM is also included in the package, which we hope to improve upon as we go along, wherein specific projects and contacts can be assigned to team members and tracked subsequently.
8A comprehensive turnaround alert system -- be it planned or unplanned -- has been put in place with an avalanche of information so that all the reader has to do is to pick up the phone and call the contact. This alert will provide details of the units where the turnaround has occurred, capacity that has gone offline, reasons for the shutdown (economic, mechanical or environmental) and the timelines involved. An archive of previous shutdown and start up dates will be preserved. More importantly the equipment that would require repair and maintenance will be highlighted. Mechanical engineers within our team will identify the exact nature of the boiler tube failure, for example, so that the reader can get the right perspective in the quickest possible time.
8Every client will have a dedicated analyst, and he can be contacted for clarifications or for chasing up more information.
8An internal alert system challenges out analysts to ensure timely updatation of a project. The Rs 34,000 crore KG-DWN-98/2 project will have scores of updates through the life of the project. The minimum project updation timeline has been set at one month.
8Our biggest challenge now is to ensure that that we bring this software to our clients as quickly as possible.
8Internal quality control checks are currently on. Details
It is learnt from highly placed sources that ONGC was forced to dilute some of its normal tender conditions in order to be able to to ensure that all global SPS and SURF companies compete in the tender
8The usual provisions of Liquidated Damages had to be consideredly compromised
8As also were the provisions of liability
8The cap on overall liability was brought down drastically in case something were to go wrong with project completion in such a complex and challenging project
8ONGC is trying to be as flexible as possible to ensure that all major contractors in the world end up bidding for the tender.
Click on Details to find out more Details
8The usual provisions of Liquidated Damages had to be consideredly compromised
8As also were the provisions of liability
8The cap on overall liability was brought down drastically in case something were to go wrong with project completion in such a complex and challenging project
8ONGC is trying to be as flexible as possible to ensure that all major contractors in the world end up bidding for the tender.
Click on Details to find out more Details
ONGC is hell bent on ensuring that the timelines set for the KG-DWN-98/2 project are not compromised
8What are the strategies that the Indian E&P major are following to ensure that the project comes up on time?
8The basic strategy is to use its global consultancy resources to transfer the timeline risk away from itself to world class LSTK consortiums.
8It is learnt that there are two different set of programes in place
8The first is to get the gas production going on time
8And the second is to ensure that first oil comes out on time along with all other completion activities
Click on Details to find out more Details
8What are the strategies that the Indian E&P major are following to ensure that the project comes up on time?
8The basic strategy is to use its global consultancy resources to transfer the timeline risk away from itself to world class LSTK consortiums.
8It is learnt that there are two different set of programes in place
8The first is to get the gas production going on time
8And the second is to ensure that first oil comes out on time along with all other completion activities
Click on Details to find out more Details
How did an Indian company muscle into one of the leading consortiums bidding for the SPS cum SURF project?
8In the initial response to the EOI against the tender, the company wasn't part of the consortium
8But it looks like the Indian company brass did a fair amount of persuasion with the consortium partners so as to be finally taken in as a partner.
8There was also a feeling that an Indian company could leverage its relationships with ONGC to smoothen out creases, both at the time of the bidding and during the operation of the contract
8A local hand is always helpful to a foreign consortium bidding for a high value contract in a competitive and geologically challenged deepwater block
Click on Details to know more Details
8In the initial response to the EOI against the tender, the company wasn't part of the consortium
8But it looks like the Indian company brass did a fair amount of persuasion with the consortium partners so as to be finally taken in as a partner.
8There was also a feeling that an Indian company could leverage its relationships with ONGC to smoothen out creases, both at the time of the bidding and during the operation of the contract
8A local hand is always helpful to a foreign consortium bidding for a high value contract in a competitive and geologically challenged deepwater block
Click on Details to know more Details
How is ONGC's $ 2 billion tender for the integrated Sub Sea Production System (SPS) and Subsea Umbilical Riser and Flow (SURF) in the KG-DWN-98/2 project split up into its various components?
The combined tender is going to be made up of the following four components:
8Subsea Production System (SPS)
8Subsea Umbilical Riser and Flowline (SURF)
8Support for the SPS for the entire life of the field
8Rental tools needed for completion purposes
The website has pieced together the cost of these components.
8Bidders will have to stay as close as is possible to the internal estimates drawn up by ONGC with the help of its consultants
8The webiste carries here an estimate of what the pricing elements should be for the bidding consortium to be able to win the deal.
Click on Details to find out more Details
The combined tender is going to be made up of the following four components:
8Subsea Production System (SPS)
8Subsea Umbilical Riser and Flowline (SURF)
8Support for the SPS for the entire life of the field
8Rental tools needed for completion purposes
The website has pieced together the cost of these components.
8Bidders will have to stay as close as is possible to the internal estimates drawn up by ONGC with the help of its consultants
8The webiste carries here an estimate of what the pricing elements should be for the bidding consortium to be able to win the deal.
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Expression of Interest for Clearing of build-up sand at offshore platform Details
8Carrying out allied civil jobs in selected Pipe Alleys of refinery Details
8Hiring of Cranes for Installation of Breech Lock Exchangers and Allied Piping related jobs at refinery Details
8Supply of Spark Spring Plug of Gas Turbine Spares at refinery Details
8Capital Maintenance of Boilers and HRSGs at refinery Details
8Supply of Ultrasonic Type Level Transmitters for refinery Details
8Procurement of Pipeline Locator - Defect Mapper Kit Details
8Procurement of Intrinsically Safe Multifunction Calibrator with Hart Communicator Details
8Supply of Makeup Gas Compressor at refinery Details
8Master Plan Study for Utilization & Value Addition of Refinery and Petrochemical streams Details
8Supply of Diesel Lubricity Additive for Mumbai Refinery, Kochi Refinery and Numaligarh Refinery Limited Details
8Supply of High Speed Diesel for a period of two years Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL pips TCS to become most-valued Indian company Details
8Iran's crude exports set to fall in May to 14-month low Details
8Huge amount of support for economic reforms: FM Arun Jaitley Details
8Cost concerns may delay piped natural gas project in Kochi Details
8Oil off on supply fears; stocks slip before first round of French election Details
8GLOBAL LNG-South Korean tender stirs up market, pushes prices up Details
8OPEC panel recommends six-month extension of oil output cuts - source Details
8India to double its refining capacity: Petroleum Minister Dharmendra Pradhan Details
8You may soon get delivery of petrol, diesel at your doorstep Details
8Sri Lanka workers to strike against proposed oil deal with India Details
8China exports record diesel volumes in March as refiners turn to foreign markets- data Details
8Pradhan discusses land identification for oil depots with J&K Chief Minister Details
8Income tax department to challenge ITAT relief to Cairn Energy in HC Details
8Reliance Industries starts commercial production of coal bed methane in Sohagpur, expansion seen in 15-18 months Details
8Petronet LNG: High on energy Details
8India, Indonesia to cooperate in oil, coal sectors: Goyal Details
8The Chatterjee Group plans Haldia consolidation for Indian operations Details
8Having a flair for oil and gas Details
8Sudan won't extend ONGC's licence to operate oil block Details
You can also click on Newsclips for more Details
8Expression of Interest for Clearing of build-up sand at offshore platform Details
8Carrying out allied civil jobs in selected Pipe Alleys of refinery Details
8Hiring of Cranes for Installation of Breech Lock Exchangers and Allied Piping related jobs at refinery Details
8Supply of Spark Spring Plug of Gas Turbine Spares at refinery Details
8Capital Maintenance of Boilers and HRSGs at refinery Details
8Supply of Ultrasonic Type Level Transmitters for refinery Details
8Procurement of Pipeline Locator - Defect Mapper Kit Details
8Procurement of Intrinsically Safe Multifunction Calibrator with Hart Communicator Details
8Supply of Makeup Gas Compressor at refinery Details
8Master Plan Study for Utilization & Value Addition of Refinery and Petrochemical streams Details
8Supply of Diesel Lubricity Additive for Mumbai Refinery, Kochi Refinery and Numaligarh Refinery Limited Details
8Supply of High Speed Diesel for a period of two years Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL pips TCS to become most-valued Indian company Details
8Iran's crude exports set to fall in May to 14-month low Details
8Huge amount of support for economic reforms: FM Arun Jaitley Details
8Cost concerns may delay piped natural gas project in Kochi Details
8Oil off on supply fears; stocks slip before first round of French election Details
8GLOBAL LNG-South Korean tender stirs up market, pushes prices up Details
8OPEC panel recommends six-month extension of oil output cuts - source Details
8India to double its refining capacity: Petroleum Minister Dharmendra Pradhan Details
8You may soon get delivery of petrol, diesel at your doorstep Details
8Sri Lanka workers to strike against proposed oil deal with India Details
8China exports record diesel volumes in March as refiners turn to foreign markets- data Details
8Pradhan discusses land identification for oil depots with J&K Chief Minister Details
8Income tax department to challenge ITAT relief to Cairn Energy in HC Details
8Reliance Industries starts commercial production of coal bed methane in Sohagpur, expansion seen in 15-18 months Details
8Petronet LNG: High on energy Details
8India, Indonesia to cooperate in oil, coal sectors: Goyal Details
8The Chatterjee Group plans Haldia consolidation for Indian operations Details
8Having a flair for oil and gas Details
8Sudan won't extend ONGC's licence to operate oil block Details
You can also click on Newsclips for more Details
8GE Oil & Gas is planning to emerge as a big players in the Indian E&P market. The company says that the Indian market allows for "endless possibilities". Find out more on how that is going to be so. Details
8As Q1 2017 comes to a close, E&P companies are accelerating their use of M&A to cope with the low-price environment. Find what a global survey has to say about how the M&A market is going to pan itself out for the rest of the year and onwards. Details
8Shipping industry faces seismic shift 2020 as sulphur cap looms. Details
8Is the bull run in oil prices over for now? The market’s ability to flood Asia and Europe with crude has become entirely unshackled. How long will it be before lower OPEC and Russia volumes are replaced by barrels out of Latin America, the US, Canada, North Sea and West Africa? And isn’t that already happening? Is this not the new normal? Details
8Is the bull run in oil demand slowing down? The latest April-March, 2017 data shows a slow down but the situation is not going to be any better this year too. Details
8Reliance has announced the successful and flawless completion of its Ethane Project, including commissioning of its ethane receipt & handling facilities and ethane cracking, at its Dahej Manufacturing Facility in Gujarat in a world record time of less than three years. Details
8The website carries here detailed LPG related statistics for the year 2016. Details
8There is an interesting articles on Impacts of Increasing Demand for Vehicles and Crude Oil on Exchange Rate in Sri Lanka. Details
8State-wise details of ethanol supplied by sugar industry during the last three ethanol supply years and the current year (December, 2016 to March, 2017). Details
8State/UT-wise details of sales revenue during the period December, 2016 to March, 2017 at retail outlets of petrol and diesel after the announcement of 0.75% incentive on cashless purchases of petrol and diesel from the by Oil Marketing Companies (OMCs). Details
Click on Reports for more Details
8As Q1 2017 comes to a close, E&P companies are accelerating their use of M&A to cope with the low-price environment. Find what a global survey has to say about how the M&A market is going to pan itself out for the rest of the year and onwards. Details
8Shipping industry faces seismic shift 2020 as sulphur cap looms. Details
8Is the bull run in oil prices over for now? The market’s ability to flood Asia and Europe with crude has become entirely unshackled. How long will it be before lower OPEC and Russia volumes are replaced by barrels out of Latin America, the US, Canada, North Sea and West Africa? And isn’t that already happening? Is this not the new normal? Details
8Is the bull run in oil demand slowing down? The latest April-March, 2017 data shows a slow down but the situation is not going to be any better this year too. Details
8Reliance has announced the successful and flawless completion of its Ethane Project, including commissioning of its ethane receipt & handling facilities and ethane cracking, at its Dahej Manufacturing Facility in Gujarat in a world record time of less than three years. Details
8The website carries here detailed LPG related statistics for the year 2016. Details
8There is an interesting articles on Impacts of Increasing Demand for Vehicles and Crude Oil on Exchange Rate in Sri Lanka. Details
8State-wise details of ethanol supplied by sugar industry during the last three ethanol supply years and the current year (December, 2016 to March, 2017). Details
8State/UT-wise details of sales revenue during the period December, 2016 to March, 2017 at retail outlets of petrol and diesel after the announcement of 0.75% incentive on cashless purchases of petrol and diesel from the by Oil Marketing Companies (OMCs). Details
Click on Reports for more Details
The use of natural gas is likely to be boosted by the likely ban on usage of FO and Petcoke
8A reduction in tax has been called for
8Other fiscal incentives are also likely to push gas as a substitute fuel
8NCR governments may be pressurized to provide the necessary incentives to use gas
Click on Reports for more Details
8A reduction in tax has been called for
8Other fiscal incentives are also likely to push gas as a substitute fuel
8NCR governments may be pressurized to provide the necessary incentives to use gas
Click on Reports for more Details
Why is India buying Fuel Oil and Petcoke -- the world's dirtiest fuels -- in the world market?
8The reasons is because the world is awash with these fuels as more and more heavy oil is processed by refineries around the world
8The US is the largest producer and since regulations do not permit the use such fuel, it is exported to the rest of the world, including India.
8Today, the bulk of India’s imports come from the US – roughly 62 per cent. Another 24 per cent come from Saudi Arabia.
8China has been the largest importer but it has been putting the brakes on such imports of late
8However India is buying the world’s dirtiest fuel as if it has no worries of air pollution of our own.
Click on Reports for more Details
8The reasons is because the world is awash with these fuels as more and more heavy oil is processed by refineries around the world
8The US is the largest producer and since regulations do not permit the use such fuel, it is exported to the rest of the world, including India.
8Today, the bulk of India’s imports come from the US – roughly 62 per cent. Another 24 per cent come from Saudi Arabia.
8China has been the largest importer but it has been putting the brakes on such imports of late
8However India is buying the world’s dirtiest fuel as if it has no worries of air pollution of our own.
Click on Reports for more Details
The EPA has found evidence of illegal use of Fuel Oil in Delhi which is transferred in IOC tankers
8These tankers were reportedly filled in IOC's Panipat or RIL's Jamnagar refineries
8The EPA has now called for prosecution of dealers and transporters supplying illegally acquired fuel oil in the NCR
8The Authority has called for laying down clear rules for transportation of the both FO and Petcoke.
8Attempts are now on to curtail the free and unrestricted import of FO and Petcoke
8The EPC is of the view that enforcement must be stepped up but that will be difficult, unless there is a clear directive that explicitly bans the use of these fuels in Delhi.
Click on Reports for more Details
8These tankers were reportedly filled in IOC's Panipat or RIL's Jamnagar refineries
8The EPA has now called for prosecution of dealers and transporters supplying illegally acquired fuel oil in the NCR
8The Authority has called for laying down clear rules for transportation of the both FO and Petcoke.
8Attempts are now on to curtail the free and unrestricted import of FO and Petcoke
8The EPC is of the view that enforcement must be stepped up but that will be difficult, unless there is a clear directive that explicitly bans the use of these fuels in Delhi.
Click on Reports for more Details
The FO market is likely to shrink by around 350,000 tonnes annually if the ban on its industrial use is implemented in the NCR.
8Petcoke too is to be banned
8It is learnt the both these products are cheaper to use than natural gas or coal fired electricity and they contribute to a large measure to SP2 emission in the NCR
8A new report from the Environment Pollution (Prevention & Control) Authority (EPA) of the NCR has come out forcibly against a proposal that allowed for use of FO and Petcoke in industries where adequate pollution control measures are in place
Click on Reports for more Details
8Petcoke too is to be banned
8It is learnt the both these products are cheaper to use than natural gas or coal fired electricity and they contribute to a large measure to SP2 emission in the NCR
8A new report from the Environment Pollution (Prevention & Control) Authority (EPA) of the NCR has come out forcibly against a proposal that allowed for use of FO and Petcoke in industries where adequate pollution control measures are in place
Click on Reports for more Details
Where exactly is the incremental demand for 200 MMTPA of LNG coming in between now and 2030?
8It is not coming from new demand areas alone
8China and India is contributing as much to demand growth as from countries who are coming in for the first time into the LNG market
8Flexible and price sensitive markets such as Europe, Brazil and Argentina will contribute only marginally to the demand growth
8Countries diversifying its demand mix away from coal and oil will contribute to the kitty as well
8Bunkering will add up a marginal 8 MMTPA of demand by 2030
8Traditional legacy importers such as Japan, Korea and Taiwan will contribute marginally to the overall demand figure
Click on Reports for more. Details
8It is not coming from new demand areas alone
8China and India is contributing as much to demand growth as from countries who are coming in for the first time into the LNG market
8Flexible and price sensitive markets such as Europe, Brazil and Argentina will contribute only marginally to the demand growth
8Countries diversifying its demand mix away from coal and oil will contribute to the kitty as well
8Bunkering will add up a marginal 8 MMTPA of demand by 2030
8Traditional legacy importers such as Japan, Korea and Taiwan will contribute marginally to the overall demand figure
Click on Reports for more. Details
A new ranking of top LNG suppliers in the world by 2020 shows Qatar Gas and RasGas trailing Shell.
8Qatar is trying to fight back by evincing interest in getting new LNG capacity to production within a limited timeline.
8The rest of the ranking shows Petronas as the big player
8Multinationals such as BP, Chevron and Total emerge only lower down the ladder
8The market looks bad at this juncture, with only 25% of volumes signed against new projects. What is more, of the 25 MMTPA of deals singed in 2016, about 65% were for 1 MMTPA or less.
8The outlook however, from the suppliers' point of view, is projected to be very bright from 2020 onwards
8The demand supply gap is seen to be widening from then on and projects under construction will not be able to keep LNG prices from rising quickly.
8The break-up of projected demand up to 2030, shows India as a very big player indeed in the market.
Click on Reports for more. Details
8Qatar is trying to fight back by evincing interest in getting new LNG capacity to production within a limited timeline.
8The rest of the ranking shows Petronas as the big player
8Multinationals such as BP, Chevron and Total emerge only lower down the ladder
8The market looks bad at this juncture, with only 25% of volumes signed against new projects. What is more, of the 25 MMTPA of deals singed in 2016, about 65% were for 1 MMTPA or less.
8The outlook however, from the suppliers' point of view, is projected to be very bright from 2020 onwards
8The demand supply gap is seen to be widening from then on and projects under construction will not be able to keep LNG prices from rising quickly.
8The break-up of projected demand up to 2030, shows India as a very big player indeed in the market.
Click on Reports for more. Details
For reference purposes, the website carries here the latest estimated new-build project breakeven supply cost of LNG delivered to Asia.
8Expansion projects provide the best economics
8This is followed by projects out of East Africa
8Australian and Canadian LNG terminals however will be high cost
Click on Reports for more. Details
8Expansion projects provide the best economics
8This is followed by projects out of East Africa
8Australian and Canadian LNG terminals however will be high cost
Click on Reports for more. Details
The point of view from the terminal owner from the United States of America is that routing LNG cargoes to the Asian market is still a very viable proposition.
8And there is money to be made from it
8What underpins this confidence is fresh shale gas data that shows that a massive 800 TCF of gas is producible in the US at below $ 3.00/mmbtu. The estimated supply of this qunatum of gas at current rates of consumption is around 30 years.
8Another set of data that is being bandied says that the around 4000 TCF of gas is producible at $ 4.00/mmbtu. And this reserves figure continues to climb, with around 600 TCF added in the last five years alone.
8Calculations show terminals in the US making money out of Asian cargoes whether delivered or cancelled.
Click on Reports for more. Details
8And there is money to be made from it
8What underpins this confidence is fresh shale gas data that shows that a massive 800 TCF of gas is producible in the US at below $ 3.00/mmbtu. The estimated supply of this qunatum of gas at current rates of consumption is around 30 years.
8Another set of data that is being bandied says that the around 4000 TCF of gas is producible at $ 4.00/mmbtu. And this reserves figure continues to climb, with around 600 TCF added in the last five years alone.
8Calculations show terminals in the US making money out of Asian cargoes whether delivered or cancelled.
Click on Reports for more. Details
Well placed ONGC sources have clarified that the its recently acquired 600 metre anchor moored rig is a cheaper acquisition than similar rigs it had hired in the past.
8Even though the day rates are higher for the latest acquisition, the quality and specification of this rig is better.
Click on Details to find out more Details
8Even though the day rates are higher for the latest acquisition, the quality and specification of this rig is better.
Click on Details to find out more Details
The Daman development project was touted by the ONGC brass as the much needed fillip to ONGC's attempt to stem the natural decline in output in the gigantic Bassein field, which has been in production for the past 30 years.
8Peak gas output from the Daman development was pegged at 8 mmscmd
8First gas was meant for end 2016 but the outlook now is uncertain given that one of the key contractors of the project, Swiber Offshore of Singapore, which was meant to build the five drilling platforms and the subsequent tie-in of these installations in the Daman field, ended up filing for bankruptcy.
8ONGC has been desperately trying to get the project going with Swiber's sub contractors.
8It looks like the project will get delayed by at least two years if not more
And it is likely to cost ONGC an extra $ 150 million Details
8Peak gas output from the Daman development was pegged at 8 mmscmd
8First gas was meant for end 2016 but the outlook now is uncertain given that one of the key contractors of the project, Swiber Offshore of Singapore, which was meant to build the five drilling platforms and the subsequent tie-in of these installations in the Daman field, ended up filing for bankruptcy.
8ONGC has been desperately trying to get the project going with Swiber's sub contractors.
8It looks like the project will get delayed by at least two years if not more
And it is likely to cost ONGC an extra $ 150 million Details
Except for the five well head platforms, all the other elements of the 8 mmscmd Daman development plan is in place, according to sources.
8The drilling rigs are now expected to stay idle
8Completion services and accompanying equipment have all been readied
8And the onshore gas processing capacity enhancement is also proceeding as scheduled
8But ONGC now faces the prospect of a bigger loss than just the $ 150 million in the Swiber deal
Find out more Details
8The drilling rigs are now expected to stay idle
8Completion services and accompanying equipment have all been readied
8And the onshore gas processing capacity enhancement is also proceeding as scheduled
8But ONGC now faces the prospect of a bigger loss than just the $ 150 million in the Swiber deal
Find out more Details
Another new contract is expected to come out of the Daman development programme
8Business development executives must be on the lookout for it
8This contract too will also be on account of Swiber's inability to to honour its deal with ONGC subsequent to its bankruptcy.
Click on Details for more Details
8Business development executives must be on the lookout for it
8This contract too will also be on account of Swiber's inability to to honour its deal with ONGC subsequent to its bankruptcy.
Click on Details for more Details
8Construction of additional POL tanakge: RFQs by November, 2017
8Refinery expansion plan: PMC contractor selection within one month
8Rs 1520 crore pipeline expansion of spur line: RFQs for mechnical works by June, 2017
Click on Details for more as well for key contacts and telephone numbers Details
8Refinery expansion plan: PMC contractor selection within one month
8Rs 1520 crore pipeline expansion of spur line: RFQs for mechnical works by June, 2017
Click on Details for more as well for key contacts and telephone numbers Details
8Petrochemical complex in a refinery: RFQs expected by August, 2017
8Upgradation in bitumen blowing unit: Licensor to be hired soon
8Installation of new Ethanol storage tank: EC expected by September, 2017
8Storage Augmentation work along a pipeline: RFQs to be floated by June, 2017
Click on Details for more Details
8Upgradation in bitumen blowing unit: Licensor to be hired soon
8Installation of new Ethanol storage tank: EC expected by September, 2017
8Storage Augmentation work along a pipeline: RFQs to be floated by June, 2017
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Corrigendum: Supply of MDPE Pipeline for City Gas Distribution Project Details
8Providing protection to pipeline in Harishpur Coal belt area Details
8Procurement of Grade Line Pipes for refinery Details
8Supply of Ammonium Polysulphide at refinery Details
8Laying of Suction and Discharge pipelines and related civil works Details
8Supply of Heat Exchanger Tubes in refinery Details
8Procurement of Pressure Safety Valves as per technical specification at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Make in India to create new investment opportunities for energy sector, says Platts Details
8Oil prices could tumble again on U.S. shale influx -Total CEO Details
8Petchems, banks weigh on Saudi; Qatar's GIS slumps on weak Q1 Details
8Saudi Arabia, Kuwait signal likely extension of oil supply cuts Details
8ConocoPhillips takes slow, steady route in race for oil profits Details
8Oil's steep loss may hurt Gulf, earnings boost Abu Dhabi bank giant Details
8Oil refining capacity to be ramped up to 600 MT Details
8India's crude oil demand to grow by 5% per year till 2020: Study Details
8Platts report sees no major decline in India’s crude oil imports Details
8After Centre turns off subsidy tap on March 31, most gas power plants to turn idle Details
8I-T seeks Rs 30k cr penalty from Cairn Energy for non-payment of tax Details
8Petroleum ministry slams move to close petrol pumps on Sundays Details
You can also click on Newsclips for more Details
8Corrigendum: Supply of MDPE Pipeline for City Gas Distribution Project Details
8Providing protection to pipeline in Harishpur Coal belt area Details
8Procurement of Grade Line Pipes for refinery Details
8Supply of Ammonium Polysulphide at refinery Details
8Laying of Suction and Discharge pipelines and related civil works Details
8Supply of Heat Exchanger Tubes in refinery Details
8Procurement of Pressure Safety Valves as per technical specification at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Make in India to create new investment opportunities for energy sector, says Platts Details
8Oil prices could tumble again on U.S. shale influx -Total CEO Details
8Petchems, banks weigh on Saudi; Qatar's GIS slumps on weak Q1 Details
8Saudi Arabia, Kuwait signal likely extension of oil supply cuts Details
8ConocoPhillips takes slow, steady route in race for oil profits Details
8Oil's steep loss may hurt Gulf, earnings boost Abu Dhabi bank giant Details
8Oil refining capacity to be ramped up to 600 MT Details
8India's crude oil demand to grow by 5% per year till 2020: Study Details
8Platts report sees no major decline in India’s crude oil imports Details
8After Centre turns off subsidy tap on March 31, most gas power plants to turn idle Details
8I-T seeks Rs 30k cr penalty from Cairn Energy for non-payment of tax Details
8Petroleum ministry slams move to close petrol pumps on Sundays Details
You can also click on Newsclips for more Details
Well placed industry and ONGC sources told this website that the consortium of Sapurakencania Offshore and Dril-Quip has been disqualified to bid for the SPS-cum-SURF tender.
8The reason advanced for their disqualification is that they do not have the requisite experience.
8"The two together just could not convince us that they can do the job," an ONGC official told this website
Click on Details for more information
Details
8The reason advanced for their disqualification is that they do not have the requisite experience.
8"The two together just could not convince us that they can do the job," an ONGC official told this website
Click on Details for more information
Details
8For the oil and gas enthusiast with a long term view, the website carries here a very interesting reading on 21st Century Maritime Power-Politics in the Indian Ocean Region with Special Reference to the Bay of Bengal. Click on Reports for more
8Analysis: China seen moving swiftly to rein in oil blending frenzy.Click on Report for more.
8Laying of a 400 mm gas pipeline in Assam: Clarifications.Click on Report for more.
8Dhamra Port: Berthing and Tariff policies, A full report
8Maritime threats in the Indian ocean: A full Report
8Global Economic Conditions Survey Report
8Riding on high demand, Papua New Guinea LNG production surges 20% above nameplate capacity in January-March, 2017. The facility is a supplier of competitive LNG to India.Click on Report for more.
8Indian buying interest prompts European thermal coal reloads.Click on Report for more.
8Vietnam's Bach Ho crude likely to flood Asian secondary market.Click on Report for more.
8Crude oil prices: A volatility analysis.Click on Report for more.
8Global prospects and policies: A full report
8Global Crude oil price of Indian Basket was US$ 53.50 per bbl
Click on Reports for more Details
8Analysis: China seen moving swiftly to rein in oil blending frenzy.Click on Report for more.
8Laying of a 400 mm gas pipeline in Assam: Clarifications.Click on Report for more.
8Dhamra Port: Berthing and Tariff policies, A full report
8Maritime threats in the Indian ocean: A full Report
8Global Economic Conditions Survey Report
8Riding on high demand, Papua New Guinea LNG production surges 20% above nameplate capacity in January-March, 2017. The facility is a supplier of competitive LNG to India.Click on Report for more.
8Indian buying interest prompts European thermal coal reloads.Click on Report for more.
8Vietnam's Bach Ho crude likely to flood Asian secondary market.Click on Report for more.
8Crude oil prices: A volatility analysis.Click on Report for more.
8Global prospects and policies: A full report
8Global Crude oil price of Indian Basket was US$ 53.50 per bbl
Click on Reports for more Details
The global university has come up with the conclusion that the following questions deserve more research when it comes to the Indian gas sector
8How should India reconcile various—often conflicting—interests within the Indian energy economy and develop an integrated national energy strategy over time?
8What role should natural gas play in India’s future energy mix, and what policy instruments could provide the most stable institutional framework for long-term future investments?
8What is the relative cost of coal vs. gas in power generation when fully accounting for the health and environmental externalities associated with coal burning?
8Based on experience in other parts of the world, what price reform trajectory should India follow to move toward a more market-based gas pricing regime?
8What role can liquefied natural gas play in the Indian energy mix, and how will a more integrated global gas market impact India?
8What role can differentiated electricity tariffs play in terms of energy conservation, and what would their impact be on the role of natural gas in electricity generation?
Click on Reports for more Details
8How should India reconcile various—often conflicting—interests within the Indian energy economy and develop an integrated national energy strategy over time?
8What role should natural gas play in India’s future energy mix, and what policy instruments could provide the most stable institutional framework for long-term future investments?
8What is the relative cost of coal vs. gas in power generation when fully accounting for the health and environmental externalities associated with coal burning?
8Based on experience in other parts of the world, what price reform trajectory should India follow to move toward a more market-based gas pricing regime?
8What role can liquefied natural gas play in the Indian energy mix, and how will a more integrated global gas market impact India?
8What role can differentiated electricity tariffs play in terms of energy conservation, and what would their impact be on the role of natural gas in electricity generation?
Click on Reports for more Details
Even as gas usage may be limited in India on account of non-availability of cheap gas, output by Coal India Ltd, the country's largest producer of coal, has missed its production targets, as India reports a surplus of coal over demand.
8But going ahead, the country is likely to continue to have a big appetite for coal, prompted by rising demand for power
8But eventually, will renewable energy and gas based energy together be able to take on coal in India?
Click on Reports to find out more Details
8But going ahead, the country is likely to continue to have a big appetite for coal, prompted by rising demand for power
8But eventually, will renewable energy and gas based energy together be able to take on coal in India?
Click on Reports to find out more Details
It looks like that gas lobby is pushing for drastic direct market intervention by the government to dissuade the use of coal and promote gas consumption instead.
8Policy tools to this effect range from mandating a certain proportion of gas in the electricity sector to banning the use of coal in urban areas altogether.
8Unable to compete on price, as imported LNG would be over the reach of Indian industry, environmental sustainability was the platform on which the gas lobby seemed to be keen to mount its offensive in India
Click on Reports for more Details
8Policy tools to this effect range from mandating a certain proportion of gas in the electricity sector to banning the use of coal in urban areas altogether.
8Unable to compete on price, as imported LNG would be over the reach of Indian industry, environmental sustainability was the platform on which the gas lobby seemed to be keen to mount its offensive in India
Click on Reports for more Details
Sponsored by the international gas lobby, a workshop was held by a global university on promoting the use of gas in India.
8What was surprising however was the conclusion that there were big challenges looming ahead.
8The proliferation of renewable energy should ordinarily lead to the use of higher volumes of gas to fire base load power plants in the evening but coal fired power plants were seen to be doing the job in India
8Then again, the likely increase in the price of LNG would make gas usage in India more prone to uncertainty as coal could be a cheaper substitute.
8The study also did not see the use of coal diminishing in India as the Indian government was unlikely to factor in all the externalities involved in the use of coal anytime soon.
8Then again, the laying of a gas pipeline backbone was turning out to be difficult as cross country lines were costly and need government funding to plug the viability gap.
8Opposing views within different ministries handling the energy sector also did not help. The coal and power ministries were supportive of the domestic coal sector, aiming to more than double coal production to 1.5 billion tons by 2020, even though the ambitious build out seemed to be at odds with India’s carbon emission commitments
8So, even as the economy continued to gallop, how the use of gas in India was going to shape up in the future remained a big question mark
Click on Reports for more Details
8What was surprising however was the conclusion that there were big challenges looming ahead.
8The proliferation of renewable energy should ordinarily lead to the use of higher volumes of gas to fire base load power plants in the evening but coal fired power plants were seen to be doing the job in India
8Then again, the likely increase in the price of LNG would make gas usage in India more prone to uncertainty as coal could be a cheaper substitute.
8The study also did not see the use of coal diminishing in India as the Indian government was unlikely to factor in all the externalities involved in the use of coal anytime soon.
8Then again, the laying of a gas pipeline backbone was turning out to be difficult as cross country lines were costly and need government funding to plug the viability gap.
8Opposing views within different ministries handling the energy sector also did not help. The coal and power ministries were supportive of the domestic coal sector, aiming to more than double coal production to 1.5 billion tons by 2020, even though the ambitious build out seemed to be at odds with India’s carbon emission commitments
8So, even as the economy continued to gallop, how the use of gas in India was going to shape up in the future remained a big question mark
Click on Reports for more Details
The gas lobby is being blamed, perhaps unfairly, for the proposal to ban fuel oil and petcoke in the National Capital Region (NCR)
8If the ban is implemented, two scenarios could develop:
8One would be a shift of industries away from the NCR
8Or the other is that they would shift to gas
8In case there is an unequivocal shift to gas, find out who will be the gainer and by how much
Click on Details for more Details
8If the ban is implemented, two scenarios could develop:
8One would be a shift of industries away from the NCR
8Or the other is that they would shift to gas
8In case there is an unequivocal shift to gas, find out who will be the gainer and by how much
Click on Details for more Details
The world's best companies have shown interest to be prequalified for the ONGC's $ 2 billion tender for Subsea Production System (SPS) and Subsea Umbilical Riser and Flowlines (SURF) in the KG-DWN-98/2 block.
8SPS and SURF are two different segments of an underwater drilling programme but ONGC has decided to combine the two requirements for better interface and overall engineering purposes.
8No one global company has the expertise to do both the SPS and SURF jobs together.
8ONGC has been able to woo the best companies in the world and the most them have formed consortiums to ensure that they pre-qualify
Click on Details to find out more on the companies which have been prequalified Details
8SPS and SURF are two different segments of an underwater drilling programme but ONGC has decided to combine the two requirements for better interface and overall engineering purposes.
8No one global company has the expertise to do both the SPS and SURF jobs together.
8ONGC has been able to woo the best companies in the world and the most them have formed consortiums to ensure that they pre-qualify
Click on Details to find out more on the companies which have been prequalified Details
An Indian company has partnered up with one of the consortiums to bid for the $ 2 billion tender
8The consortium has the largest number of partners and is now emerging as a favourite in the race.
8The combine has GE, and two other bid players in the consortium, along with the Indian company.
8Find out why it is ahead in the race
8The deciding factor however will be at what price level the bids come in.
The website also carries here an analysis of what should the optimum price bid be in the tender Details
8The consortium has the largest number of partners and is now emerging as a favourite in the race.
8The combine has GE, and two other bid players in the consortium, along with the Indian company.
8Find out why it is ahead in the race
8The deciding factor however will be at what price level the bids come in.
The website also carries here an analysis of what should the optimum price bid be in the tender Details
For potential Indian sub contractors to this gigantic project, it is important to know who the players are.
8There will be a big requirement for marine spreads
8As well as local talent such as divers and assorted other services.
8There is a possibility for some other suppliers to scale up their involvement as well though the requirements for sophisticated manufacturing needed for the project cannot be replicated in India in such a short period of time.
8The time for domestic and international sub contractors to liaise with the consortiums is now, when the price quotes are being formalized.
8ONGC is hell bent on first gas by June 2019 and first oil in 2020 from the project
Click on Details for key ONGC and company contacts for this particular project Details
8There will be a big requirement for marine spreads
8As well as local talent such as divers and assorted other services.
8There is a possibility for some other suppliers to scale up their involvement as well though the requirements for sophisticated manufacturing needed for the project cannot be replicated in India in such a short period of time.
8The time for domestic and international sub contractors to liaise with the consortiums is now, when the price quotes are being formalized.
8ONGC is hell bent on first gas by June 2019 and first oil in 2020 from the project
Click on Details for key ONGC and company contacts for this particular project Details
For reference purposes the website carries here the following tenders:
8Tender for Civil, Mechanical & Electrical works for installation of CNG station at Assam Details
8EOI for Provision of Manpower for Supervision of Rigs, Petroleum Engineering Activities and Associated Services at Rajasthan, Gujarat and Andhra Pradesh Details
8Supply and installation of Automatic Atmospheric Distillation Units with spares and consumables Details
8Procurement of Pipes as per specifications Details
8Procurement of Regular size Casing Pipes Details
8Procurement of Rotary Substitutes for Drilling Services in Mehsana Asset Details
8Charter Hire of Fire Fighting cum Safety Vessels for 3 years Details
8Supply of Recycle Gas Dryer to refinery Details
8Procurement of hydrotreater, iso dewaxing and hydrofinishing catalysts for production of Lube Oil Base Stock Details
8Engineering Services for Modification of Radiant Tube Support Arrangement of OHCU Reactor Feed Furnace Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices dip on bloated U.S. market, mixed Saudi signals Details
8ConocoPhillips, partners weigh expansion of Darwin LNG Details
8Essar Projects clocks revenue of Rs 2,000 cr in 2016-17 Details
8In 10 years, half of India's energy capacity will be from non-fossil fuel sources Details
8Sunday off for petrol pumps could invoke ECA: Government Details
8Indian Oil Corp sees more synergy in buying PSU rivals than oil producers Details
8Petrol, Diesel prices may rise as OPEC cuts crude oil production Details
8U.S. crude stocks down, but gasoline inventories rise - EIA Details
8'GST to be a Growth Booster for India after Demonetisation Drag' Details
8DGH invites stakeholder comments on Enhanced Oil Recovery policy Details
8Oil Ministry condones petroleum dealers' decision to close petrol pumps on Sundays Details
You can also click on Newsclips for more Details
8Tender for Civil, Mechanical & Electrical works for installation of CNG station at Assam Details
8EOI for Provision of Manpower for Supervision of Rigs, Petroleum Engineering Activities and Associated Services at Rajasthan, Gujarat and Andhra Pradesh Details
8Supply and installation of Automatic Atmospheric Distillation Units with spares and consumables Details
8Procurement of Pipes as per specifications Details
8Procurement of Regular size Casing Pipes Details
8Procurement of Rotary Substitutes for Drilling Services in Mehsana Asset Details
8Charter Hire of Fire Fighting cum Safety Vessels for 3 years Details
8Supply of Recycle Gas Dryer to refinery Details
8Procurement of hydrotreater, iso dewaxing and hydrofinishing catalysts for production of Lube Oil Base Stock Details
8Engineering Services for Modification of Radiant Tube Support Arrangement of OHCU Reactor Feed Furnace Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices dip on bloated U.S. market, mixed Saudi signals Details
8ConocoPhillips, partners weigh expansion of Darwin LNG Details
8Essar Projects clocks revenue of Rs 2,000 cr in 2016-17 Details
8In 10 years, half of India's energy capacity will be from non-fossil fuel sources Details
8Sunday off for petrol pumps could invoke ECA: Government Details
8Indian Oil Corp sees more synergy in buying PSU rivals than oil producers Details
8Petrol, Diesel prices may rise as OPEC cuts crude oil production Details
8U.S. crude stocks down, but gasoline inventories rise - EIA Details
8'GST to be a Growth Booster for India after Demonetisation Drag' Details
8DGH invites stakeholder comments on Enhanced Oil Recovery policy Details
8Oil Ministry condones petroleum dealers' decision to close petrol pumps on Sundays Details
You can also click on Newsclips for more Details
Gujarat Petronet Ltd's gas transmission volume should grow by a CAGR of 8.3% in FY17-19 to 30 mmscmd.
8Majority of the incremental volume is expected to come from:
8Pick up in ceramic volumes on addition of new vitrified tiles capacity
8Rising CGD penetration in Gujarat
8Demand from refining industry on favorable LNG prices versus alternative fuels
8Expansion in LNG terminals like Dahej and Mundra.
8Clarity on long awaited transmission tariff is expected in a couple of months due to the recent addition of new members on the board of PNGRB which would now help to form a quorum needed to take decisions.
8Based APTEL directive and GAIL’s tariff order, we expect transmission tariff to increase by 15% on an average which will act as a catalyst in addition to volume growth and drive
earnings growth by a CAGR of 19% during FY16-19.
Click on Reports for more Details
8Majority of the incremental volume is expected to come from:
8Pick up in ceramic volumes on addition of new vitrified tiles capacity
8Rising CGD penetration in Gujarat
8Demand from refining industry on favorable LNG prices versus alternative fuels
8Expansion in LNG terminals like Dahej and Mundra.
8Clarity on long awaited transmission tariff is expected in a couple of months due to the recent addition of new members on the board of PNGRB which would now help to form a quorum needed to take decisions.
8Based APTEL directive and GAIL’s tariff order, we expect transmission tariff to increase by 15% on an average which will act as a catalyst in addition to volume growth and drive
earnings growth by a CAGR of 19% during FY16-19.
Click on Reports for more Details
Oil prices fell on surging US output outpacing OPEC cuts
8But Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it’s the season to have faith in raw materials and oil will probably rally to the mid-$60s by the end of the year.
8While U.S. shale output may come “roaring back” amid higher crude prices, production curbs by OPEC and its allies should help offset that increase over the next six to nine months
8The producers need to extend their deal to cut supplies through the end of the year amid concerns that Russia is lagging behind on its pledged reductions, the bank said.
Click on Reports for more Details
8But Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it’s the season to have faith in raw materials and oil will probably rally to the mid-$60s by the end of the year.
8While U.S. shale output may come “roaring back” amid higher crude prices, production curbs by OPEC and its allies should help offset that increase over the next six to nine months
8The producers need to extend their deal to cut supplies through the end of the year amid concerns that Russia is lagging behind on its pledged reductions, the bank said.
Click on Reports for more Details
8A big Asian Gas Summit is coming up, and Indian gas industry experts must attend it. Click on Reports for more information
8A medium sized European integrated drilling company may be looking for business development opportunities in India. Click onReports to find out more on it
8Gazprom's 2.5 MMTPA LNG supply to India will begin from 2018, find out more on where the LNG is going to be supplied from.Click on Report for more.
8India Natural Gas and LNG Market is expected to reach US$ 30.7 billion by 2025, click on Reports to find out more
8Find out how Essar wrested the bid to set up an LNG terminal with associated storage and distribution facilities at the Haldia Dock Complex under the Kolkata Port Trust (KoPT).
Click on Reports for more Details
8A medium sized European integrated drilling company may be looking for business development opportunities in India. Click onReports to find out more on it
8Gazprom's 2.5 MMTPA LNG supply to India will begin from 2018, find out more on where the LNG is going to be supplied from.Click on Report for more.
8India Natural Gas and LNG Market is expected to reach US$ 30.7 billion by 2025, click on Reports to find out more
8Find out how Essar wrested the bid to set up an LNG terminal with associated storage and distribution facilities at the Haldia Dock Complex under the Kolkata Port Trust (KoPT).
Click on Reports for more Details
Immodestly perhaps, we pride ourselves for developing what we regard as the best project monitoring software in the country. We felt the need for such a software because there are none in the country that provides dynamic and accurate forward looking information on the oil and gas industry in India.
8It took us a long to develop and perfect this unique software and a beta and limited version will be available very shortly for our subscribers to look at. We are fine tuning the advancements, but the software now catches hundreds of parameters surrounding a project.
8One of the key ingredient of the software is its ability to provide a future RFQ date along with validated key contacts and telephone numbers.
8Even as we perfect the software, we have trained a highly motivated and intensively trained group of mechanical engineers to begin filling up relevant market intelligence into the software.
8We will be bringing out fresh and daily updates everyday in this website but hope to eventually graduate all our project related activity to our website www.ipgprojects.com, where our aim within the next two months is to feed you with dozens of daily feeds on future oil & gas project elated data.
Following are the updates from the software today:
8An OMC is planning to expand its storage capacity of petroleum products from 83,785 KL to 1,16,185 KL by constructing a 1X20000 KL HSD, 2X6,000 KL ATF, 2X200 KL Biodiesel tanks and reallocation of an existing 2X2000 KL ATF to an ethanol tank. RFQs are expected soon. Click on Details for key contacts
8There is an augmentation of a pipeline to enhance the capacity of existing stations to transport upto 5MMTPA of petroleum products coming up. It includes replacement of 1 existing motor-driven Main Line Pumping Unit (MLPU) and the replacement of 2 existing mainline pumps as well as installation of 3 (2+1) motor-driven MLPUs. RFQs for materials will be floated within the next two months. Click on Details for key contacts.
8A JV is planning to setup LNG re-gasification terminal. A capacity of 5 MMTPA capacity (expandable to 10 MMTPA) is planned. Land for the LNG Terminal is within the boundary of a port . Clearances have been given and at present land preparation work is under progress. A tender will be floated for an EPC contractor by May, 2017. Click on Details for more on the project along with key contacts.
8A company is planning to set up an LNG and LPG Import, loading and Floating Storage Unit of 11 MMTPA and 2 MMTPA capacity in phases. As official said, EIA report has been under progress. RFQs for long lead items will be expected by June, 2017. Environmental Clearance of the expansion project is expected by October, 2017. Click on Details for key contacts and address. Our software provides an exact spatial location of the facility as well, along with accompanying data on the company, facility, unit and project.
Click on Details for more Details
8It took us a long to develop and perfect this unique software and a beta and limited version will be available very shortly for our subscribers to look at. We are fine tuning the advancements, but the software now catches hundreds of parameters surrounding a project.
8One of the key ingredient of the software is its ability to provide a future RFQ date along with validated key contacts and telephone numbers.
8Even as we perfect the software, we have trained a highly motivated and intensively trained group of mechanical engineers to begin filling up relevant market intelligence into the software.
8We will be bringing out fresh and daily updates everyday in this website but hope to eventually graduate all our project related activity to our website www.ipgprojects.com, where our aim within the next two months is to feed you with dozens of daily feeds on future oil & gas project elated data.
Following are the updates from the software today:
8An OMC is planning to expand its storage capacity of petroleum products from 83,785 KL to 1,16,185 KL by constructing a 1X20000 KL HSD, 2X6,000 KL ATF, 2X200 KL Biodiesel tanks and reallocation of an existing 2X2000 KL ATF to an ethanol tank. RFQs are expected soon. Click on Details for key contacts
8There is an augmentation of a pipeline to enhance the capacity of existing stations to transport upto 5MMTPA of petroleum products coming up. It includes replacement of 1 existing motor-driven Main Line Pumping Unit (MLPU) and the replacement of 2 existing mainline pumps as well as installation of 3 (2+1) motor-driven MLPUs. RFQs for materials will be floated within the next two months. Click on Details for key contacts.
8A JV is planning to setup LNG re-gasification terminal. A capacity of 5 MMTPA capacity (expandable to 10 MMTPA) is planned. Land for the LNG Terminal is within the boundary of a port . Clearances have been given and at present land preparation work is under progress. A tender will be floated for an EPC contractor by May, 2017. Click on Details for more on the project along with key contacts.
8A company is planning to set up an LNG and LPG Import, loading and Floating Storage Unit of 11 MMTPA and 2 MMTPA capacity in phases. As official said, EIA report has been under progress. RFQs for long lead items will be expected by June, 2017. Environmental Clearance of the expansion project is expected by October, 2017. Click on Details for key contacts and address. Our software provides an exact spatial location of the facility as well, along with accompanying data on the company, facility, unit and project.
Click on Details for more Details
ONGC has now worked out the three-year drilling programme for two Dynamically Positioned (DP) rigs and one anchor-moored rigs for the KG-DWN-98/2 block and for accompanying exploratory drilling programme that is to follow along with the development plan.
8Progress on the acquisition of these rigs are going as per schedule and the work programme for these rigs have been drawn up.
8These rigs will require quite a bit of supplementary services and equipment, some of which can be provided by Indian suppliers.
8To that extent it is necessary to understand what kind of drilling and exploratory work these rigs are going to conduct in the KG Basin.
8The important point to note, according to well placed sources, is that ONGC will continue with its development as well as its exploratory drilling programme in the block.
Click on Details for more information Details
8Progress on the acquisition of these rigs are going as per schedule and the work programme for these rigs have been drawn up.
8These rigs will require quite a bit of supplementary services and equipment, some of which can be provided by Indian suppliers.
8To that extent it is necessary to understand what kind of drilling and exploratory work these rigs are going to conduct in the KG Basin.
8The important point to note, according to well placed sources, is that ONGC will continue with its development as well as its exploratory drilling programme in the block.
Click on Details for more information Details
Very well placed company and industry sources said that there was a surprise winner against the tender for a single anchor moored 600 metre rig to drill a combination of development and drilling rigs in the KG-SWN-98/2 block.
8The company has run away with the lowest bud and has emerged on top of its bigger competitor
8There were reservations within ONGC on placing an order on a rig company which was little known in India.
8But the rig met the specifications set out in the tender and emerged with the lowest rate.
8The company will deploy the rig for the first time in India with ONGC
Click on both Details and Reports for full details Details
8The company has run away with the lowest bud and has emerged on top of its bigger competitor
8There were reservations within ONGC on placing an order on a rig company which was little known in India.
8But the rig met the specifications set out in the tender and emerged with the lowest rate.
8The company will deploy the rig for the first time in India with ONGC
Click on both Details and Reports for full details Details
Clearly activity seems to be building up in ONGC's Rs 34,000 crore development and drilling programme in the KG-DWN-98/2.
8The drilling timetable has been drawn up with a tight schedule.
Find out more on when drilling is going to begin in the block Details
8The drilling timetable has been drawn up with a tight schedule.
Find out more on when drilling is going to begin in the block Details
Indian companies wanting to work in providing supplementary services and even equipment to these drilling rigs may want to know who are the key contacts within ONGC and in the rig company to get in touch with.
8It is important that contact is established early for a clearer understanding of the work at hand.
8Clearly, rig companies have taken into account accompanying services needed while quoting their day rates
Click on Details to find out more Details
8It is important that contact is established early for a clearer understanding of the work at hand.
8Clearly, rig companies have taken into account accompanying services needed while quoting their day rates
Click on Details to find out more Details
8Expansion in a pipeline is coming up: Construction started by Aug, 2017
-- Find out who the EPCM consultant is so that you can get in touch with them for opportunities
8Rs 63 crore bottling plant: Consultant to be hired soon
Click on Details for more Details
-- Find out who the EPCM consultant is so that you can get in touch with them for opportunities
8Rs 63 crore bottling plant: Consultant to be hired soon
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Hydrocarbon Detectors in refinery Details
8Procurement of Linepipes in refinery Details
8Supply of Gas Detectors at refinery Details
8Carrying out Dry Ice blasting cleaning of HRSG and Boiler tubes of TPS at refinery Details
8Revisioning and testing of valves Safety valves Gate valves Globe Valves and Check Non return valves at refinery Details
8Composite Rate Contract for Flow Lines for C&M Section for a period of three years for Ahmedabad Asset Details
8Charter Hire of One Self Propelled Barge of minimum 2500 KL Capacity Details
8Hiring of CTU + N2 Services for S1-VA Wells in the Eastern Offshore Asset Details
8Supply of Thread Compounds for Drill Pipes, Drill Collars and Casing Pipes Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices mixed after U.S. production seen rising Details
8Banned at sea: Venezuela's crude-stained oil tankers Details
8Oil market improving, UAE complying 100 pct with cut-energy min Details
8Past performance to be a criterion for extension of oil and gas contracts under new policy Details
8NTPC weighs pooling of fixed charges for coal & gas projects Details
8Investment worth Rs 70K crore expected in Petroleum and Petrochemical Sector in Rajasthan, Dharmendra Pradhan Details
8‘Oil refinery will open doors for development’ Details
8Iran rejects India’s threats to cut oil imports over Farzad-B Gas Field delay Details
8Rajasthan State Gas Ltd & GAIL Gas Ltd ink pact to provide 24×7 clean gas to households Details
8Petrol pumps to be shut on Sundays in 8 states starting May 14 Details
8HPCL signs pact with Rajasthan govt to set up refinery Details
You can also click on Newsclips for more Details
8Supply of Hydrocarbon Detectors in refinery Details
8Procurement of Linepipes in refinery Details
8Supply of Gas Detectors at refinery Details
8Carrying out Dry Ice blasting cleaning of HRSG and Boiler tubes of TPS at refinery Details
8Revisioning and testing of valves Safety valves Gate valves Globe Valves and Check Non return valves at refinery Details
8Composite Rate Contract for Flow Lines for C&M Section for a period of three years for Ahmedabad Asset Details
8Charter Hire of One Self Propelled Barge of minimum 2500 KL Capacity Details
8Hiring of CTU + N2 Services for S1-VA Wells in the Eastern Offshore Asset Details
8Supply of Thread Compounds for Drill Pipes, Drill Collars and Casing Pipes Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices mixed after U.S. production seen rising Details
8Banned at sea: Venezuela's crude-stained oil tankers Details
8Oil market improving, UAE complying 100 pct with cut-energy min Details
8Past performance to be a criterion for extension of oil and gas contracts under new policy Details
8NTPC weighs pooling of fixed charges for coal & gas projects Details
8Investment worth Rs 70K crore expected in Petroleum and Petrochemical Sector in Rajasthan, Dharmendra Pradhan Details
8‘Oil refinery will open doors for development’ Details
8Iran rejects India’s threats to cut oil imports over Farzad-B Gas Field delay Details
8Rajasthan State Gas Ltd & GAIL Gas Ltd ink pact to provide 24×7 clean gas to households Details
8Petrol pumps to be shut on Sundays in 8 states starting May 14 Details
8HPCL signs pact with Rajasthan govt to set up refinery Details
You can also click on Newsclips for more Details
The seismic survey market will continue to post significant decline during first half of 2017 but the market is expected to bottom out towards latter part of the year as oil and gas companies move from cost savings mode to cautious preparations for new investments. Recovery is expected to be gradual in this ‘lower for longer’ environment.
8Find out more on how one of the world's largest seismic survey companies is fighting hard to survive by restructuring and diversifying itself into newer segments, outside the oil and gas industry
8The sheer resilience of these companies to cope in a highly stressful environment is indeed quite commendable
Click on Reports for more Details
8Find out more on how one of the world's largest seismic survey companies is fighting hard to survive by restructuring and diversifying itself into newer segments, outside the oil and gas industry
8The sheer resilience of these companies to cope in a highly stressful environment is indeed quite commendable
Click on Reports for more Details
GAIL seems to be in serious trouble over its LNG commitments from the US which are going to kick in from early next year.
8The original plan was to bring the gas to India because of huge arbitrage between Indian LNG prices and Henry Hub prices.
8The differentials have now significantly narrowed, so much so that LNG imports from the US to India is currently unviable given competition from LNG supplied from nearer home.
8US LNG cargoes are now targeting Europe instead
8But here again, predatory pricing by Russia of the gas sent to Europe by pipeline may well make US LNG unviable for supply.
8Given that the current LNG market is over supplied and Europe may well become an unviable proposition, what will GAIL end up doing with its US commitments?
8That seems to have become a billion dollar question for the Indian gas major
Click on Reports to find out more Details
8The original plan was to bring the gas to India because of huge arbitrage between Indian LNG prices and Henry Hub prices.
8The differentials have now significantly narrowed, so much so that LNG imports from the US to India is currently unviable given competition from LNG supplied from nearer home.
8US LNG cargoes are now targeting Europe instead
8But here again, predatory pricing by Russia of the gas sent to Europe by pipeline may well make US LNG unviable for supply.
8Given that the current LNG market is over supplied and Europe may well become an unviable proposition, what will GAIL end up doing with its US commitments?
8That seems to have become a billion dollar question for the Indian gas major
Click on Reports to find out more Details
What are the latest oil and gas demand dynamics in India?
8The price sensitivity of the Indian market is very acute indeed
8The power sector was meant to be a big consumer but a set of calculations here show that it can only compete with coal based power when all externalities are taken into consideration to make a competitive analysis for use of gas against coal
8The problem again is that the relationship between LNG and domestic gas has complicated the intended outcomes of well-meaning legislation, however. Instead of being treated as a single commodity, LNG and domestic gas are traded as alternatives.
Click on Details to find out more Details
8The price sensitivity of the Indian market is very acute indeed
8The power sector was meant to be a big consumer but a set of calculations here show that it can only compete with coal based power when all externalities are taken into consideration to make a competitive analysis for use of gas against coal
8The problem again is that the relationship between LNG and domestic gas has complicated the intended outcomes of well-meaning legislation, however. Instead of being treated as a single commodity, LNG and domestic gas are traded as alternatives.
Click on Details to find out more Details
Over the last 22 years, there have been attempts by different governments to merge state-owned oil companies to create a mega company.
8Two different advisory committees have recommended against it.
8carry here an analysis of different mega merger alternatives using a multiple criteria methodology based on eight factors to show that the formation of such a company could have a negative impact on energy security and competitiveness.
8In fact, creating more oil companies, especially downstream companies by splitting IOCL, is more preferable.
Click on Reports for more Details
8Two different advisory committees have recommended against it.
8carry here an analysis of different mega merger alternatives using a multiple criteria methodology based on eight factors to show that the formation of such a company could have a negative impact on energy security and competitiveness.
8In fact, creating more oil companies, especially downstream companies by splitting IOCL, is more preferable.
Click on Reports for more Details
8IOC issued a two-cargo LNG buy tender for H1 and H2 June while its peer Gail also launched a tender looking for an early May cargo.
8We carry here the offer document for divestment of 3% of the total government shareholding in Indian Oil Corporation.Click on Report for more.
8Bullish Oil Bets Gain on Signs OPEC Cuts to Outdo U.S. Boom.For more Details click on Report.
8Details on MCX's crude oil futures trading system
Click on Reports for more Details
8We carry here the offer document for divestment of 3% of the total government shareholding in Indian Oil Corporation.Click on Report for more.
8Bullish Oil Bets Gain on Signs OPEC Cuts to Outdo U.S. Boom.For more Details click on Report.
8Details on MCX's crude oil futures trading system
Click on Reports for more Details
What are the latest rates for use of helicopters for oil & gas production work in offshore blocks in India?
8These estimates are required to be factored in by EPC contractors while putting in their turnkey bids.
8Or they are needed by operators to arrive at internal cost estimates
8An ONGC tender was finalized recently for a five year contract for 10 such helicopters
Find out more details on the suppliers of such helicopters and the rates that they quote Details
8These estimates are required to be factored in by EPC contractors while putting in their turnkey bids.
8Or they are needed by operators to arrive at internal cost estimates
8An ONGC tender was finalized recently for a five year contract for 10 such helicopters
Find out more details on the suppliers of such helicopters and the rates that they quote Details
