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Apr 2017
The National Data Repository of the DGH has slowly started filling up
8ONGC has submitted the following data on a nomination basis:
82D Seismic (Processed): ~7,00,000 LKM approx.
83D Seismic (Processed): ~1,30,000 SKM approx.
8Well Data : Logs (LAS/DLIS)- 12,838 Nos., FER- 11,025 Nos., WCR– 11,125 Nos., Well Header- 5,905 Nos.,VSP- 1109 Nos.
8GM data for Onland and Offshore areas along with study reports in digital format.
8Geochemical data (WON, Cauvery, A&AA, MBA & Frontier Basins)
8Lab reports (Sedimentology/Palaeontology/Surface Geological) for Nomination Acreages/Blocks available with KDMIPE.
8The NDR has now acquired a very sizeable volume of data, Additionally, NELP data is being regularly submitted as per PSC provisions.
Click on Reports for more Details
8ONGC has submitted the following data on a nomination basis:
82D Seismic (Processed): ~7,00,000 LKM approx.
83D Seismic (Processed): ~1,30,000 SKM approx.
8Well Data : Logs (LAS/DLIS)- 12,838 Nos., FER- 11,025 Nos., WCR– 11,125 Nos., Well Header- 5,905 Nos.,VSP- 1109 Nos.
8GM data for Onland and Offshore areas along with study reports in digital format.
8Geochemical data (WON, Cauvery, A&AA, MBA & Frontier Basins)
8Lab reports (Sedimentology/Palaeontology/Surface Geological) for Nomination Acreages/Blocks available with KDMIPE.
8The NDR has now acquired a very sizeable volume of data, Additionally, NELP data is being regularly submitted as per PSC provisions.
Click on Reports for more Details
The website also carries a presentation on how investors can fund small and marginal fields E&P projects
8It introduces the operator to the full lifecycle cost of an E&P project
8What are the characteristics of each phase
8Illustrative cash flow examples are given
8Sources of financing are documented
8Mezzanine financing structures are highlighted
8So is the production monetization process
Click on Reports for more Details
8It introduces the operator to the full lifecycle cost of an E&P project
8What are the characteristics of each phase
8Illustrative cash flow examples are given
8Sources of financing are documented
8Mezzanine financing structures are highlighted
8So is the production monetization process
Click on Reports for more Details
Get a full backdrop on the direct tax and regulatory framework for discovered small fields
8The tax structures are separately spelt out for wholly owned subsidiary, incorporated joint venture, unincorporated joint venture.
8The taxation regime for foreign service providers are also spelt out
Click on Reports for more Details
8The tax structures are separately spelt out for wholly owned subsidiary, incorporated joint venture, unincorporated joint venture.
8The taxation regime for foreign service providers are also spelt out
Click on Reports for more Details
ONGC is doing all the preparatory work needed to hand over its small and marginal fields to new bidders
8They are seeking extension of validity periods for PEL/PMLs which are valid for less than 5 years and extension of PEL/PMLs areas to cover adjoining open acreages offered under the new policy.
8Accordingly, ONGC applied for PML grant for 43 fields (under 33 clusters)
8Oil India Ltd (OIL) too has initiated the process of handing over the fields
8Find out more on what OIL and ONGC are doing to help smoothen the transition process.
Click on Reports for more Details
8They are seeking extension of validity periods for PEL/PMLs which are valid for less than 5 years and extension of PEL/PMLs areas to cover adjoining open acreages offered under the new policy.
8Accordingly, ONGC applied for PML grant for 43 fields (under 33 clusters)
8Oil India Ltd (OIL) too has initiated the process of handing over the fields
8Find out more on what OIL and ONGC are doing to help smoothen the transition process.
Click on Reports for more Details
For reference, the website carries here the most detailed analysis ever on how the world is going to look like in 2040 in terms of energy use, alternative energies, carbon capture and fossil fuel usage
8This is a document that no energy expert can afford to ignore and he must factor in all the facts contained in it while doing his scenario planning.
8From the Indian policy planners point of view, stock taking of how the future will change will now have to be taken more often than he ever did in the past.
8It is a clearly established fact that the world has more fossil fuel reserves than what can be expended under a two degree scenario and eventually this fact will get reflected in fossil fuel prices in the long run. OPEC's production cuts can only be a temporary band aid as the basic fact remains that those with large oil and gas reserves will need to run them down as quickly as possible before the demand for oil begins to fall.
8This fact will have to be factored in by ONGC and other Indian companies while looking at deploying funds in E&P exploration, particularly in finding deepwater reserves.
8The fact that viable direct and indirect carbon taxes can scale up to $ 100 per tonne levels are now within the realm of possibility.
Click on Reports for more Details
8This is a document that no energy expert can afford to ignore and he must factor in all the facts contained in it while doing his scenario planning.
8From the Indian policy planners point of view, stock taking of how the future will change will now have to be taken more often than he ever did in the past.
8It is a clearly established fact that the world has more fossil fuel reserves than what can be expended under a two degree scenario and eventually this fact will get reflected in fossil fuel prices in the long run. OPEC's production cuts can only be a temporary band aid as the basic fact remains that those with large oil and gas reserves will need to run them down as quickly as possible before the demand for oil begins to fall.
8This fact will have to be factored in by ONGC and other Indian companies while looking at deploying funds in E&P exploration, particularly in finding deepwater reserves.
8The fact that viable direct and indirect carbon taxes can scale up to $ 100 per tonne levels are now within the realm of possibility.
Click on Reports for more Details
Indian Oil Marketing Companies for example will need to rethink their breakneck refinery capacity building plans
8If the planning time scale for a new refinery is 15 years, a lot will happen in this interim period that can destroy its economics
8Even E&P companies, if they can take their eyes beyond the next OPEC production cut deal in May, will have to understand that high-cost production resources are likely to become uneconomic
8They should plan new investments on the assumption that, given likely future carbon taxes, regulations and the progress of alternative technologies, the economically profitable life of many investments may be considerably less than their technically feasible life.
8They should therefore provide financial markets with sufficiently detailed information on assumptions regarding future scenarios to enable balanced assessments as to the economic viability of their long-term assets
Click on Reports for more Details
8If the planning time scale for a new refinery is 15 years, a lot will happen in this interim period that can destroy its economics
8Even E&P companies, if they can take their eyes beyond the next OPEC production cut deal in May, will have to understand that high-cost production resources are likely to become uneconomic
8They should plan new investments on the assumption that, given likely future carbon taxes, regulations and the progress of alternative technologies, the economically profitable life of many investments may be considerably less than their technically feasible life.
8They should therefore provide financial markets with sufficiently detailed information on assumptions regarding future scenarios to enable balanced assessments as to the economic viability of their long-term assets
Click on Reports for more Details
It is now a well known fact that global warming is going to hurt the oil & gas industry.
8A business as usual scenario is unsustainable even for a developing country like India where there will necessarily be a rising appetite for energy.
8The business as usual case, global energy use could grow by 80% to reach 650 EJ by 2050. Today’s global energy system relies on fossil fuels to provide 80% of total primary energy consumption, and is responsible for about 75% of total greenhouse gas emissions.
8The business as usual case is not sustainable for the simple fact that it will warm up the globe by 4 to 6 degrees by the end of the century with cataclysmic impact
8Indian oil and gas companies will have to start planning for a scenario where overall fossil fuels use begins to start falling
8And the impact might be immediate. Who, for example, would have imagined a three years ago that no investor, scared of rising carbon taxes and an uncertain future, would want to set up a coal fired power plant anymore.
8Dramatic changes brought about both by a combination of climate events, policy changes and technological breakthroughs can break the back of today's oil and gas companies quicker than they can imagine.
8Global coal consumption has already started declining and this will have to reduce by 70% by 2040.
8More worryingly for oil & gas companies, a two degree scenario allows for only a limited increase in gas production, but with a flat profile beyond the 2020s, and with a total volume in 2040 which will be only 2% higher than today – provided methane leakages can be ended
8Even oil companies are now looking at the advent of the electric car with greater concern and are admitting that consumption can start peaking sometime in the mid-2020s, and falling some 30% below today’s level by 2040.
Click on Reports for more Details
8A business as usual scenario is unsustainable even for a developing country like India where there will necessarily be a rising appetite for energy.
8The business as usual case, global energy use could grow by 80% to reach 650 EJ by 2050. Today’s global energy system relies on fossil fuels to provide 80% of total primary energy consumption, and is responsible for about 75% of total greenhouse gas emissions.
8The business as usual case is not sustainable for the simple fact that it will warm up the globe by 4 to 6 degrees by the end of the century with cataclysmic impact
8Indian oil and gas companies will have to start planning for a scenario where overall fossil fuels use begins to start falling
8And the impact might be immediate. Who, for example, would have imagined a three years ago that no investor, scared of rising carbon taxes and an uncertain future, would want to set up a coal fired power plant anymore.
8Dramatic changes brought about both by a combination of climate events, policy changes and technological breakthroughs can break the back of today's oil and gas companies quicker than they can imagine.
8Global coal consumption has already started declining and this will have to reduce by 70% by 2040.
8More worryingly for oil & gas companies, a two degree scenario allows for only a limited increase in gas production, but with a flat profile beyond the 2020s, and with a total volume in 2040 which will be only 2% higher than today – provided methane leakages can be ended
8Even oil companies are now looking at the advent of the electric car with greater concern and are admitting that consumption can start peaking sometime in the mid-2020s, and falling some 30% below today’s level by 2040.
Click on Reports for more Details
LNG buyers will have to look out for a nationalist upsurge from Australia that may lead to hardening of prices
8The Australian Prime Minsiter Malcom Turnbull now claims that LNG exports will be rationed and will be allowed only when Australia's domestic needs are accounted for
8“It is ridiculous for us to be on the edge of becoming the largest LNG exporter in the world and not to have enough gas for our businesses, for our households, for industries,” Turnbull said.
Click on Reports for more Details
8The Australian Prime Minsiter Malcom Turnbull now claims that LNG exports will be rationed and will be allowed only when Australia's domestic needs are accounted for
8“It is ridiculous for us to be on the edge of becoming the largest LNG exporter in the world and not to have enough gas for our businesses, for our households, for industries,” Turnbull said.
Click on Reports for more Details
8For reference purposes, the website carries here the full set of procedures needed for environment clearance of oil & gas projects.Click on Report for more.
8Last crude basket price and under recoveries.Click on report for more.
8US shale oil rebound shakes OPEC .Click on report for more Details.
8OPEC may not be able to cut output in second half of the year is the output cut deal is extended.Click on Report for more.
8Last crude basket price and under recoveries.Click on report for more.
8US shale oil rebound shakes OPEC .Click on report for more Details.
8OPEC may not be able to cut output in second half of the year is the output cut deal is extended.Click on Report for more.
8LPG Equipment Research Centre is organizing this Innovation Mela - IMLEQ 2017 to promote innovation in LPG field, along with the three major Oil Companies.Click on Report for more.
8Details of the review meeting to revive closed fertilizer units.click on Report for more.
8A full presentation on GAIL's Pata petrochemical plant.
Click on Reports for more
If the merger of Indian companies is to allow for economies of scale, it will not really work, according to analysts.
8The merged entities will be nowhere near the big five oil majors in the world
8Even if all the eight listed oil PSUs are merged into one entity, the company will have a market value of around $ 110 billion, larger than RIL's $ 71 billion but smaller than most large global oil companies
8If only ONGC ad HPC are merged, the market cap will be $ 45 billion
8This compares badly with the $ 345 billion cap of Exxon Mobil
8The big question remains unanswered here: how big will be really big?
8So rather than merging, the emphasis should be on efficiency gains
Click on Reports to find out more Details
8The merged entities will be nowhere near the big five oil majors in the world
8Even if all the eight listed oil PSUs are merged into one entity, the company will have a market value of around $ 110 billion, larger than RIL's $ 71 billion but smaller than most large global oil companies
8If only ONGC ad HPC are merged, the market cap will be $ 45 billion
8This compares badly with the $ 345 billion cap of Exxon Mobil
8The big question remains unanswered here: how big will be really big?
8So rather than merging, the emphasis should be on efficiency gains
Click on Reports to find out more Details
8Two-year maintenance work in a pipeline: Contractor will be hired soon
8Three New LPG Mounded Storage Vessels is coming up: RFQs expected August 2017.
8New Rs 4500 crore product pipeline: RFQs for line pipes end of May, 2017
8Rs 3500 crore refinery upgradation project: EC is expected by Dec, 2017
Click on Details for more Details
8Three New LPG Mounded Storage Vessels is coming up: RFQs expected August 2017.
8New Rs 4500 crore product pipeline: RFQs for line pipes end of May, 2017
8Rs 3500 crore refinery upgradation project: EC is expected by Dec, 2017
Click on Details for more Details
8An LPG bottling plant is coming up: RFQs in July
8An LPG storage (3x 600 MT) project is planned: RFQs in June
Click on Details for project information and key contacts with phone numbers Details
8An LPG storage (3x 600 MT) project is planned: RFQs in June
Click on Details for project information and key contacts with phone numbers Details
For reference purposes the website carries here the following tenders:
8Supply of Mass flow meters in refinery Details
8Additional job for revival of Gas Turbine Details
8Invitation for Expression Of Interest for Demand Assessment of Natural Gas for NELP-VI Block CB-ONN-2004/3 Details
8Invitation for Expression Of Interest for Demand Assessment of Natural Gas for NELP-V Block CB-OSN-2003/1 Details
8Provision of additional GMS Sensors at Water Drain Points of LPG Storage Vessels Details
8Procurement of Pipe Conveyor Belt for coke handling system Details
8Online Leak Prevention for various services such as Steam, Ammonia, Hydrocarbon etc. at refinery Details
8Hiring of Services for Engineering Procurement Construction Management Consultancy for creation of Surface Production Facilities Details
For reference purposes the website carries here the following Newsclips:
8IOC begins pipe procurement process for pipeline project Details
8India Essar doubles Iran oil imports in 2016/17 – trade Details
8Indian Oil to build new terminal at Motihari to supply fuel to Nepal Details
8Oil prices fall on lingering oversupply concerns Details
8National Green Tribunal questions Centre's stand on 10-year-old diesel vehicles Details
8RIL Inks Pact with German company to Sell Wood Alternatives Details
8Oil major Total approves first major project since 2014 as Q1 profits surge Details
8Gulf may move sideways as crude oil slips, global shares steady Details
8Significant credit risks arise for oil & gas industry from carbon transition: Moody's Details
8Poland to receive its first U.S. LNG supplies in June as part of deal with Cheniere Details
8Australia to restrict natural gas exports as energy crisis bites Details
8Oil ministry’s local content policy will not apply on deep-water, difficult areas Details
8ONGC gets environment clearance for development of Jharia coal bed methane block Details
8Energy prices rebalancing after OPEC accord: Qatar energy minister Details
8State-owned ONGC makes 23 oil and gas discoveries Details
8Ageing oilfields drag down crude output Details
8Transporters’ union holds Bathinda refinery to ransom Details
You can also click on Newsclips for more Details
8Supply of Mass flow meters in refinery Details
8Additional job for revival of Gas Turbine Details
8Invitation for Expression Of Interest for Demand Assessment of Natural Gas for NELP-VI Block CB-ONN-2004/3 Details
8Invitation for Expression Of Interest for Demand Assessment of Natural Gas for NELP-V Block CB-OSN-2003/1 Details
8Provision of additional GMS Sensors at Water Drain Points of LPG Storage Vessels Details
8Procurement of Pipe Conveyor Belt for coke handling system Details
8Online Leak Prevention for various services such as Steam, Ammonia, Hydrocarbon etc. at refinery Details
8Hiring of Services for Engineering Procurement Construction Management Consultancy for creation of Surface Production Facilities Details
For reference purposes the website carries here the following Newsclips:
8IOC begins pipe procurement process for pipeline project Details
8India Essar doubles Iran oil imports in 2016/17 – trade Details
8Indian Oil to build new terminal at Motihari to supply fuel to Nepal Details
8Oil prices fall on lingering oversupply concerns Details
8National Green Tribunal questions Centre's stand on 10-year-old diesel vehicles Details
8RIL Inks Pact with German company to Sell Wood Alternatives Details
8Oil major Total approves first major project since 2014 as Q1 profits surge Details
8Gulf may move sideways as crude oil slips, global shares steady Details
8Significant credit risks arise for oil & gas industry from carbon transition: Moody's Details
8Poland to receive its first U.S. LNG supplies in June as part of deal with Cheniere Details
8Australia to restrict natural gas exports as energy crisis bites Details
8Oil ministry’s local content policy will not apply on deep-water, difficult areas Details
8ONGC gets environment clearance for development of Jharia coal bed methane block Details
8Energy prices rebalancing after OPEC accord: Qatar energy minister Details
8State-owned ONGC makes 23 oil and gas discoveries Details
8Ageing oilfields drag down crude output Details
8Transporters’ union holds Bathinda refinery to ransom Details
You can also click on Newsclips for more Details
8Global Crude oil price of Indian Basket was US$ 50.40 per bbl for India".Click on Report for more.
8Adani Port forms global JV for container port management.Click on Report for more.
8A sharp turn in China is coming and expect two more Fed interest rates hike this year and twice again in 2018. This makes demand for oil and gas weak and the price outlook more uncertain.Click on Report for more details.
8After an initial period of denial, the oil industry is now increasingly accepting that the electric car boom is going to hurt the industry. Oil demand is now going to start declining earlier than expected. Just for reference purposes, The website also carries here the model and style of electric cars which will be available by the year 2020
Download the latest updates from Reports Details
8Adani Port forms global JV for container port management.Click on Report for more.
8A sharp turn in China is coming and expect two more Fed interest rates hike this year and twice again in 2018. This makes demand for oil and gas weak and the price outlook more uncertain.Click on Report for more details.
8After an initial period of denial, the oil industry is now increasingly accepting that the electric car boom is going to hurt the industry. Oil demand is now going to start declining earlier than expected. Just for reference purposes, The website also carries here the model and style of electric cars which will be available by the year 2020
Download the latest updates from Reports Details
Demonetization has slowed down the demand for petroleum products in 2016-17
8What is more it is likely to stay subdued this year as well
8There has been degrowth in consumption of bitumen, lubes and greases and naphtha.
8Clearly different forces are at work and an analysis here tries to understand what is going on in the market, along with detailed data
8But more work is needed to find out the root causes below what is apparent on the surface.
Click on Reports for more Details
8What is more it is likely to stay subdued this year as well
8There has been degrowth in consumption of bitumen, lubes and greases and naphtha.
8Clearly different forces are at work and an analysis here tries to understand what is going on in the market, along with detailed data
8But more work is needed to find out the root causes below what is apparent on the surface.
Click on Reports for more Details
For those who are dependent on RasGas for supply of LNG may want to know more about the country itself from where the gas comes
8Qatar today has the highest par capital income today and is insulted from the oil price fall because its economic breakeven price is much lower. It is in a separate category altogether from other suppliers like Russia or even Saudi Arabia.
8But Qatar, which also funds the Al Jazeera channel, plays a risky political game in a volatile Middle East and there are accusations of terror funding.
Click on Reports for more Details
8Qatar today has the highest par capital income today and is insulted from the oil price fall because its economic breakeven price is much lower. It is in a separate category altogether from other suppliers like Russia or even Saudi Arabia.
8But Qatar, which also funds the Al Jazeera channel, plays a risky political game in a volatile Middle East and there are accusations of terror funding.
Click on Reports for more Details
8‘Homeless’ LNG – fuel that had not been committed to an end-user – would remain an issue in coming years. Estimated homeless LNG could amount to nearly 100 mtpa in 2022 out of a total global supply of just over 350 mtpa.
8An increase in the number of short- and medium-term LNG contracts, combined with the decline in long-term deals, had shortened the average length of all sales-and-purchase agreements in the industry. Buyers were moving away from 16-20 year contracts in favour of deals with 6-10 and 11-15 year durations.
8Another presentation says that while LNG liquefaction utilization rates are going to move from this year on, it will remain below full capacity in 2021
Click on Reports for more Details
8An increase in the number of short- and medium-term LNG contracts, combined with the decline in long-term deals, had shortened the average length of all sales-and-purchase agreements in the industry. Buyers were moving away from 16-20 year contracts in favour of deals with 6-10 and 11-15 year durations.
8Another presentation says that while LNG liquefaction utilization rates are going to move from this year on, it will remain below full capacity in 2021
Click on Reports for more Details
The battle of wits among the consortium members in the two ONGC offshore projects has brought to light the fragility of some of Indian oil & gas engineering companies.
8Most of these companies have sprung up as ONGC began contracting out large Western Offshore tenders.
8But clearly, the engineering depth of the Indian companies are limited and even though they all thought they could leverage the low domestic cost of engineering talent to go big internationally, no one has really made the grade
8Entrepreneurs behind these companies lacked both vision and depth.
8But for a few odd projects in the Middle East, Indian companies have stayed put in India, looking at Indian jobs.
8Meanwhile Triune has been put on notice by ONGC and a review on whether it should stay on in the rolls of short listed companies with ONGC Offshore Engineering Services is currently on.
Click on Details for more Details
8Most of these companies have sprung up as ONGC began contracting out large Western Offshore tenders.
8But clearly, the engineering depth of the Indian companies are limited and even though they all thought they could leverage the low domestic cost of engineering talent to go big internationally, no one has really made the grade
8Entrepreneurs behind these companies lacked both vision and depth.
8But for a few odd projects in the Middle East, Indian companies have stayed put in India, looking at Indian jobs.
8Meanwhile Triune has been put on notice by ONGC and a review on whether it should stay on in the rolls of short listed companies with ONGC Offshore Engineering Services is currently on.
Click on Details for more Details
ONGC had to step in after the consortium partners -- Afcons Infrastructure Ltd, Halani International and Triune -- indulged in an all out war in the middle of executing two critical offshore projects.
8Eventually, an innovative compromise was worked out, and work on Front End Engineering and Detail Engineering has begun again in earnest in the projects.
8Find out more on the deal that was worked out behind the scene
Click on Details Details
8Eventually, an innovative compromise was worked out, and work on Front End Engineering and Detail Engineering has begun again in earnest in the projects.
8Find out more on the deal that was worked out behind the scene
Click on Details Details
The Indian E&P industry, led by ONGC, has spawned many home grown specialist vendors. And one such set of vendors is a clutch of engineering companies with offshore design capacities.
8These engineering outfits piggy backed on big international EPC companies which have built ONGC's impressive offshore E&P infrastructure. Tutored by foreign EPC companies, a new breed to pushy desi entrepreneurs dipped into the big and cheap pool of talent available in India to provide the engineering services needs of the EPC companies.
8Among the successful lot of companies were two which stood out, Nauvata Engineering and Triune Energy Services.
8But then again, it is not always easy to sustain the success as Triune found out recently when it failed to deliver in a big ONGC project.
8The failure to deliver on two Rs 2000 crore platform life extension projects of ONGC lead to a concerted effort by the consortium partners to oust Triune from the project.
Find out more on what happened next Details
8These engineering outfits piggy backed on big international EPC companies which have built ONGC's impressive offshore E&P infrastructure. Tutored by foreign EPC companies, a new breed to pushy desi entrepreneurs dipped into the big and cheap pool of talent available in India to provide the engineering services needs of the EPC companies.
8Among the successful lot of companies were two which stood out, Nauvata Engineering and Triune Energy Services.
8But then again, it is not always easy to sustain the success as Triune found out recently when it failed to deliver in a big ONGC project.
8The failure to deliver on two Rs 2000 crore platform life extension projects of ONGC lead to a concerted effort by the consortium partners to oust Triune from the project.
Find out more on what happened next Details
The best part of our project monitoring software is that it throws up a set of new parameters which were not available earlier. They include key contacts, with their telephone numbers.
8Importantly, we also provide the next RFQ date, probable NOA or tender release date, as well as start-up and commissioning dates. This is over and above a raw material requirement slate which is provided when a project is commissioned.
8The point to note is that our information is always forward looking, we project what is ahead.
Among the projects updated in our software today by our project monitoring engineers are:
8A 900 MT of LPG storage capacity coming up
8Two 600 MT LPG storage capacity coming up in another site
8Expansion of capacity at a bunkering facility
Up to three contact information is available for each of these projects. These leads can provide a significant boost to business development by a service or equipment supplier.
Click on Details for more Details
8Importantly, we also provide the next RFQ date, probable NOA or tender release date, as well as start-up and commissioning dates. This is over and above a raw material requirement slate which is provided when a project is commissioned.
8The point to note is that our information is always forward looking, we project what is ahead.
Among the projects updated in our software today by our project monitoring engineers are:
8A 900 MT of LPG storage capacity coming up
8Two 600 MT LPG storage capacity coming up in another site
8Expansion of capacity at a bunkering facility
Up to three contact information is available for each of these projects. These leads can provide a significant boost to business development by a service or equipment supplier.
Click on Details for more Details
Among the business opportunity updates, before tendering begins, which we provided today through our off-software channel (before they finally get incorporated into the software) are:
8Maintenance work in heat exchangers coming up in an existing refinery
8Installation work of DHDT breech lock exchangers coming up
8EPC contractor for HCU needed soon
83X650 MT LPG storage facility coming up
8Expansion in Oil refinery: EC expected as Dec, 2017
8Refinery turnaround job coming up in May
Click on Details for more Details
8Maintenance work in heat exchangers coming up in an existing refinery
8Installation work of DHDT breech lock exchangers coming up
8EPC contractor for HCU needed soon
83X650 MT LPG storage facility coming up
8Expansion in Oil refinery: EC expected as Dec, 2017
8Refinery turnaround job coming up in May
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Temperature Gauges for BS-IV Projects at refinery Details
8Supply of Heat Exchanger Tubes in refinery Details
8Supply of Pressure Transmitter, Differential Pressure Transmitter and Temperature Transmitters with Universal Input at refinery Details
8Hiring of Agency Services for Corrosion Coupon Retrieval, Reinstallation and Supply of Standard Coupons for KG-OSN-2001/3 Block Details
8Hiring of Services for Inspection of ONGC-KRIBHCO Gas Lines Details
8Fabrication and Erection of AG tanks and UG Tanks at Pipeline Terminal Details
8Supply of Hydroxyl Ethylene Diphosphonic Acid Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Modi to meet Sri Lankan Prime Minister today; Energy pact on the cards Details
8Nigeria's government revenues rise in March due to higher oil royalties Details
8Petrol bunks to remain open for only 12 hours a day from May 15 Details
8Setback for India, international panel rejects stay on Cairn arbitration Details
8India’s petroleum import bill rose 9 per cent last fiscal, import dependency of crude rises to 82 percent Details
8PM Modi underlines consolidated approach to complete infrastructure projects Details
8Future technologies land improved cost efficiency in renewable energy will reshape geopolitics: Hamid Ansari Details
8IOC gets green nod to revamp Bongaigaon refinery at a cost of Rs 4185 crore Details
8Oil marketing companies slips in trade owing to falling crude oil prices Details
8UAE's first solar-powered gas station opens in Dubai Details
8India, Sri Lanka sign MoU on cooperation on economic projects Details
8Oil India rules out acquisitions Details
You can also click on Newsclips for more Details
8Procurement of Temperature Gauges for BS-IV Projects at refinery Details
8Supply of Heat Exchanger Tubes in refinery Details
8Supply of Pressure Transmitter, Differential Pressure Transmitter and Temperature Transmitters with Universal Input at refinery Details
8Hiring of Agency Services for Corrosion Coupon Retrieval, Reinstallation and Supply of Standard Coupons for KG-OSN-2001/3 Block Details
8Hiring of Services for Inspection of ONGC-KRIBHCO Gas Lines Details
8Fabrication and Erection of AG tanks and UG Tanks at Pipeline Terminal Details
8Supply of Hydroxyl Ethylene Diphosphonic Acid Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Modi to meet Sri Lankan Prime Minister today; Energy pact on the cards Details
8Nigeria's government revenues rise in March due to higher oil royalties Details
8Petrol bunks to remain open for only 12 hours a day from May 15 Details
8Setback for India, international panel rejects stay on Cairn arbitration Details
8India’s petroleum import bill rose 9 per cent last fiscal, import dependency of crude rises to 82 percent Details
8PM Modi underlines consolidated approach to complete infrastructure projects Details
8Future technologies land improved cost efficiency in renewable energy will reshape geopolitics: Hamid Ansari Details
8IOC gets green nod to revamp Bongaigaon refinery at a cost of Rs 4185 crore Details
8Oil marketing companies slips in trade owing to falling crude oil prices Details
8UAE's first solar-powered gas station opens in Dubai Details
8India, Sri Lanka sign MoU on cooperation on economic projects Details
8Oil India rules out acquisitions Details
You can also click on Newsclips for more Details
Indian companies are not being encouraged to ride piggy back for some of the crucial contracts in the KG-DWN-98/2 contracts
8Many Indian companies had in the past piggy backed on big foreign contractors
8The assumption is that they would manage the local environment and some local services
8But this time around ONGC has debarred domestic companies from getting in
8"Our focus is on first gas by June, 2019 and nothing is going to stop us from reaching this goal," and ONGC official, under pressure from the Indian lobby, told this website
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8Many Indian companies had in the past piggy backed on big foreign contractors
8The assumption is that they would manage the local environment and some local services
8But this time around ONGC has debarred domestic companies from getting in
8"Our focus is on first gas by June, 2019 and nothing is going to stop us from reaching this goal," and ONGC official, under pressure from the Indian lobby, told this website
Click on Details for more Details
An analysis of the supply chain cost curves shows that ONGC, provided it is astute enough not to keep out the competition in its KG-DWN-98/2 development by insisting on archaic tender condtions , will benefit the most if can conduct the bulk of its contracting for the development within the current year.
8The fall in prices continues in 2017 across all supply chain components but begins to recover in 2018
8An investigation by this website shows that the company is trying to keep most of the bigger E&P supply chain providers in play for its big SPS-SURF and FPSO contracts by being flexible with its tender conditions
8RIL too has begun negotiating at the right moment for long lead items for the R-Series Development.
8FID is likely on a number of RIL's offshore discoveries and the thinking process inside the company is to try and fix the future prices of some of its outstanding development programmes in the current year itself by taking advantage of low costs
8If these decisions are spread out to 2018 and 2019, the company will be unable to take full advantage of prevailing low prices
8The contracts department in RIL is likely to be in over active mode this year and a spate of RFQs are likely.
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8The fall in prices continues in 2017 across all supply chain components but begins to recover in 2018
8An investigation by this website shows that the company is trying to keep most of the bigger E&P supply chain providers in play for its big SPS-SURF and FPSO contracts by being flexible with its tender conditions
8RIL too has begun negotiating at the right moment for long lead items for the R-Series Development.
8FID is likely on a number of RIL's offshore discoveries and the thinking process inside the company is to try and fix the future prices of some of its outstanding development programmes in the current year itself by taking advantage of low costs
8If these decisions are spread out to 2018 and 2019, the company will be unable to take full advantage of prevailing low prices
8The contracts department in RIL is likely to be in over active mode this year and a spate of RFQs are likely.
Click on Reports for more Details
The website carries here the latest price projections for equipment and services up to 2020.
8The data shows that prices will continue to be under pressure in 2017
8But subsequently, the upswing will be quick and steady from 2018 to 2020.
8Rigs and drilling cost will see an upswing
8So will EPIC prices
8Subsea equipment cost shows a slower improvement in relation to consumables
8Sharper rises are projected for well services.
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8The data shows that prices will continue to be under pressure in 2017
8But subsequently, the upswing will be quick and steady from 2018 to 2020.
8Rigs and drilling cost will see an upswing
8So will EPIC prices
8Subsea equipment cost shows a slower improvement in relation to consumables
8Sharper rises are projected for well services.
Click on Reports for more Details
The crude price needed to achieve cash flow neutrality has fallen for all major global companies by as much as 40% since the crisis begun.
8Interestingly, the price needed to achieve cash flow neutrality has fallen from US$91/bbl to US$54/bbl across the E&P chain.
8There are therefore signs that the investment cycle is turning.
8Interestingly, latest data shows that the ONGC cost curve is likely to be higher than the average global breakeven price expected between 2017 and 2019
8This seems to be at variance with the general thinking that ONGC has low cost of production from its nomination blocks.
8Find out why that is so for ONGC
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8Interestingly, the price needed to achieve cash flow neutrality has fallen from US$91/bbl to US$54/bbl across the E&P chain.
8There are therefore signs that the investment cycle is turning.
8Interestingly, latest data shows that the ONGC cost curve is likely to be higher than the average global breakeven price expected between 2017 and 2019
8This seems to be at variance with the general thinking that ONGC has low cost of production from its nomination blocks.
8Find out why that is so for ONGC
Click on Reports for more Details
The fall in cost of equipment and services as well as cost optimizations by E&P companies have translated into a steep lowering of the project breakeven points in deepwater plays
8It is noticed that in 2014, only around 7 billion boe of reserves were viable at $ 60/bbl but this figure has now gone up to 15 billion boe
8The US tight oil curve continues to be significantly below the deepwater curve and this explains the uptick in investments in the US subsequent to the recent oil price rally
8Assuming, a 20% capex cut on the current deepwater cost curve, deepwater production is below the US tight oil cost curve for about 15 billion boe of of crude.
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8It is noticed that in 2014, only around 7 billion boe of reserves were viable at $ 60/bbl but this figure has now gone up to 15 billion boe
8The US tight oil curve continues to be significantly below the deepwater curve and this explains the uptick in investments in the US subsequent to the recent oil price rally
8Assuming, a 20% capex cut on the current deepwater cost curve, deepwater production is below the US tight oil cost curve for about 15 billion boe of of crude.
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Latest estimates show that the Anadarko led consortium, in which ONGC, OIL and BPCL are also partners, will be able to reach an investment decision in Mozambique's Rovuma Basin only by around 2022.
8This means that first gas is only likely by 2025 at the earliest.
8For the ONGC-OIL combine, the Mozambique LNG project is turning out to be a real nightmare.
8The duo paid a massive premium of $5.19 billion to pick up a 20% stake in the Rovuma Area of Mozambique.
8Latest estimate shows that the value of the investment has halved.
8Even for Bharat Petro Resources Ltd (BPRL), a subsidiary of BPCL, which walked into the project much earlier in 2008 without paying the high upfront premium paid by ONGC and OIL, the cost economics is turning out to be below the hurdle rate on its 10% stake.
8This premium paid by ONGC-OIL is over and above the money that they will have to provide for their share of developing the project.
8The price tag for the upstream-cum-LNG development in Mozambique has been pegged at anywhere between $18-20 billion.
8The point to note is that there are two stages to the viability problem with the project as far as ONGC and OIL are concerned.
8Even assuming that the LNG project is viable on a standalone basis, it does not mean that ONGC-OIL can breakeven on its investments.
8The combine will still have to find a return on the $5.19 billion upfront premium that it paid for the 20% stake.
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8This means that first gas is only likely by 2025 at the earliest.
8For the ONGC-OIL combine, the Mozambique LNG project is turning out to be a real nightmare.
8The duo paid a massive premium of $5.19 billion to pick up a 20% stake in the Rovuma Area of Mozambique.
8Latest estimate shows that the value of the investment has halved.
8Even for Bharat Petro Resources Ltd (BPRL), a subsidiary of BPCL, which walked into the project much earlier in 2008 without paying the high upfront premium paid by ONGC and OIL, the cost economics is turning out to be below the hurdle rate on its 10% stake.
8This premium paid by ONGC-OIL is over and above the money that they will have to provide for their share of developing the project.
8The price tag for the upstream-cum-LNG development in Mozambique has been pegged at anywhere between $18-20 billion.
8The point to note is that there are two stages to the viability problem with the project as far as ONGC and OIL are concerned.
8Even assuming that the LNG project is viable on a standalone basis, it does not mean that ONGC-OIL can breakeven on its investments.
8The combine will still have to find a return on the $5.19 billion upfront premium that it paid for the 20% stake.
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Latest global E&P capex projections show that the bottom was reached in 2016 and there is a reasonable quantum of uptick seen in the current year.
8The capex push is almost entirely coming from the US but the sharp fall in E&P expenditure has been arrested in the rest of the world as well
8Total capex had fallen from around $ 670 billion to around $ 410 billion in 2016 and it is expected to be around $ 460 billion in 2017, and going upwards, albeit steadily in 2018 and 2019
8What is more encouraging, the slump in Final Investment Decision (FID) is ending and E&P FIDs are likely to more than double in the current year or even treble in a high case scenario in relation to 2015 to 2016
8And that is very good news indeed
8Find out the full data on E&P FIDs planned in 2017 onwards to 2024.
Click on Reports for more Details
8The capex push is almost entirely coming from the US but the sharp fall in E&P expenditure has been arrested in the rest of the world as well
8Total capex had fallen from around $ 670 billion to around $ 410 billion in 2016 and it is expected to be around $ 460 billion in 2017, and going upwards, albeit steadily in 2018 and 2019
8What is more encouraging, the slump in Final Investment Decision (FID) is ending and E&P FIDs are likely to more than double in the current year or even treble in a high case scenario in relation to 2015 to 2016
8And that is very good news indeed
8Find out the full data on E&P FIDs planned in 2017 onwards to 2024.
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Following the cost restructuring and a fall in global equipment and services prices, there has been a repositioning of viable assets at the low end of the cost curve, according to projections going up to 2026.
8At the below $ 50 mark a larger number of global plays, which were previously found to be unviable, now looks good enough to produce
8Deepwater blocks are kicking in
8Surprisingly, a significant volume of Canadian oil sand production can become viable.
8A lot more US shale output also comes into play at this price.
Click on Reports for more Details
8At the below $ 50 mark a larger number of global plays, which were previously found to be unviable, now looks good enough to produce
8Deepwater blocks are kicking in
8Surprisingly, a significant volume of Canadian oil sand production can become viable.
8A lot more US shale output also comes into play at this price.
Click on Reports for more Details
Well placed sources said that ONGC is trying to be as flexible as possible while trying to hire an FPSO for the KG-DWN-98/2 block
8The big difference this time is that the company is listening to service provider in pre-qualification meetings as well as in smaller workshops with them to even out the creases in the tender conditions
8The idea seems to be to keep the tender as competitive as possible
8For this reason alone it is allowing for relaxation in bidding conditions which the company would ordinarily not have allowed, well placed vendor sources told this website
8Find out more on how ONGC has been more flexible, allowing an SPV mechanism for the bidding purposes
8For once, ONGC is following global bidding formats in its desire to stick to its commitment to get first gas out by June, 2019.
8Yet old habits die hard and some vendors are finding a couple of conditionalities to be irritants.
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8The big difference this time is that the company is listening to service provider in pre-qualification meetings as well as in smaller workshops with them to even out the creases in the tender conditions
8The idea seems to be to keep the tender as competitive as possible
8For this reason alone it is allowing for relaxation in bidding conditions which the company would ordinarily not have allowed, well placed vendor sources told this website
8Find out more on how ONGC has been more flexible, allowing an SPV mechanism for the bidding purposes
8For once, ONGC is following global bidding formats in its desire to stick to its commitment to get first gas out by June, 2019.
8Yet old habits die hard and some vendors are finding a couple of conditionalities to be irritants.
Click on Details for more Details
ONGC may not have yielded to an RIL offer for the use of its spare infrastructure in the KG Basin, which could have shaved at least Rs 10,000 crore according to RIL estimates from the Rs 34,000 crore capex for the KG-DWN-98/2 development, but the public sector E&P major had adopted most RIL's contracting principles.
8It is to be noted that RIL is known for its impeccable project execution record.
8And in a remarkable feat, RIL was able to get the KG D-6 development, with a built in latent gas processing capacity of 120 mmscmd, up and going in record time.
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8It is to be noted that RIL is known for its impeccable project execution record.
8And in a remarkable feat, RIL was able to get the KG D-6 development, with a built in latent gas processing capacity of 120 mmscmd, up and going in record time.
Click on Details to find out more Details
Who are the key contacts for some of the main development work in ONGC?
8The website has, after careful research, put together the team which is working on the FPSO tendering process
8It has put together some of the finest officers in the company into the team
8And they have been empowered to think laterally.
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8The website has, after careful research, put together the team which is working on the FPSO tendering process
8It has put together some of the finest officers in the company into the team
8And they have been empowered to think laterally.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply, Redressing, Setting & Retrieval of Retrievable Bridge Plug on Callout Basis for Onshore Blocks Details
8Civil works at Drill Site KGAD in North Bank area Details
8Supply of Makeup Gas Compressor at refinery Details
8Hiring of Torque and Tensioning Tools for Torquing /Tensioning of flange joints during shutdown at refinery Details
8Supply of spares for PSA skid valves in MSQ plant at refinery Details
8Gas Sale from S1-VA Fields of Eastern Offshore Asset Details
8Providing Corrosion Wear Pads for Offsite Piping Works in refinery Details
8Supply of Hydrogen Peroxide for a period of six months Details
8Hiring of Workover Rig Services for Cambay Basin Details
8Supply of SS Tubes for Heat Exchangers of refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India's crude oil refinery output rises 1.8% in March 2017 Details
8Chinese consortium to buy Chevron’s Bangladesh oil fields Details
8India’s Coal Bed Methane production jumped more than 44 percent to 565 MMSCM last fiscal Details
8India aims to cut petroleum imports as it boosts alternative fuel use Details
8UAE remains Oman’s top non-oil export market Details
8Oil firms sell petrol at Rs 29 litre, government adds another Rs 48 in taxes Details
8Trump to sign orders on oil drilling, national monuments Details
8ONGC Videsh hopes to raise output by 15 per cent in the current fiscal Details
8India's H-Energy leases LNG import terminal, agrees supply Details
8Tamil scholar moves Madras HC to stop hydrocarbon project Details
8CNG filling stations remain shut for a day Details
8Petrol cost in Nagpur dips after local body tax waiver Details
8Refiners to expand LPG bottling capacity to meet surging consumption Details
8India's natural gas production up 8.3% in March 2017 Details
8Fitch Affirms Oil India’s IDR at BBB: Outlook Stable Details
8NTPC and HPCL Mittal Energy tap overseas investors Details
You can also click on Newsclips for more Details
8Supply, Redressing, Setting & Retrieval of Retrievable Bridge Plug on Callout Basis for Onshore Blocks Details
8Civil works at Drill Site KGAD in North Bank area Details
8Supply of Makeup Gas Compressor at refinery Details
8Hiring of Torque and Tensioning Tools for Torquing /Tensioning of flange joints during shutdown at refinery Details
8Supply of spares for PSA skid valves in MSQ plant at refinery Details
8Gas Sale from S1-VA Fields of Eastern Offshore Asset Details
8Providing Corrosion Wear Pads for Offsite Piping Works in refinery Details
8Supply of Hydrogen Peroxide for a period of six months Details
8Hiring of Workover Rig Services for Cambay Basin Details
8Supply of SS Tubes for Heat Exchangers of refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India's crude oil refinery output rises 1.8% in March 2017 Details
8Chinese consortium to buy Chevron’s Bangladesh oil fields Details
8India’s Coal Bed Methane production jumped more than 44 percent to 565 MMSCM last fiscal Details
8India aims to cut petroleum imports as it boosts alternative fuel use Details
8UAE remains Oman’s top non-oil export market Details
8Oil firms sell petrol at Rs 29 litre, government adds another Rs 48 in taxes Details
8Trump to sign orders on oil drilling, national monuments Details
8ONGC Videsh hopes to raise output by 15 per cent in the current fiscal Details
8India's H-Energy leases LNG import terminal, agrees supply Details
8Tamil scholar moves Madras HC to stop hydrocarbon project Details
8CNG filling stations remain shut for a day Details
8Petrol cost in Nagpur dips after local body tax waiver Details
8Refiners to expand LPG bottling capacity to meet surging consumption Details
8India's natural gas production up 8.3% in March 2017 Details
8Fitch Affirms Oil India’s IDR at BBB: Outlook Stable Details
8NTPC and HPCL Mittal Energy tap overseas investors Details
You can also click on Newsclips for more Details
Revenues were down and losses were reported in RIL's oil and gas operations in 2016-17 as volumes continued to decline in the the company's D-6 block
8Crude production was down 15% and gas by as much as 25%.
8For RIL now, the D-6 block is a holding operation while new gas output kicks in from its other discoveries.
8Sand and water ingress are leading to closure of well after well and side tracking work is now slowing down the inexorable decline.
8Currently eight wells in the D1-D3 fields and four wells in the largely oil-based MA field are operational
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8Crude production was down 15% and gas by as much as 25%.
8For RIL now, the D-6 block is a holding operation while new gas output kicks in from its other discoveries.
8Sand and water ingress are leading to closure of well after well and side tracking work is now slowing down the inexorable decline.
8Currently eight wells in the D1-D3 fields and four wells in the largely oil-based MA field are operational
Click on Reports for more Details
The RIL-BP combine is slowly but surely speeding up its investments in offshore E&P blocks.
8In a clear statement, RIL has said that it will continue to keep its depleting D1-D3 and MA fields flowing until production new projects come on stream.
8For equipment and service suppliers, besides ONGC, the eastern offshore is likely to see more orders coming in from the RIL-BP duo.
The following activities is currently on
--Declaration of Commerciality for D55 (MJ) and D29&D30 (Other Satellites) completed.
-- Front End Engineering Design (FEED) for D55 is currently underway
-- Field Development Plans (FDP) for MJ and Satellite Cluster planned for submission in H2,CY2017.
-- R-Cluster Development - Evaluation of bids for long lead items is currently underway
-- NEC-25 block will also see investments as the Declaration of Commerciality has been reviewed by the Management Committee for the D-32 discovery.
8Expect large investments to go through in the offshore E&P segment in India in the next three years. Estimates are that total investments may top Rs 100,000 crore
Comment: Global E&P equipment and service providers are strengthening their presence in India in anticipation of large orders. They understand that the economics of these mostly gas-based blocks are different from that of the rest of the world. Gas production viability will be benchmarked not against global well head prices, but against the landed price of LNG. The NPVs cross the hurdle rate as a result, despite the higher cost of production of some of these blocks on account of rough weather and challenging geology. RIL will have a relative cost advantage over ONGC as it can use its own under utilized infrastructure created to ferry much higher volumes in the D-6 block. Higher projected price of LNG as the supply-demand gap evaporates after 2020, around the time that some of these blocks will get to production, adds to the momentum
Click on Reports for more Details
8In a clear statement, RIL has said that it will continue to keep its depleting D1-D3 and MA fields flowing until production new projects come on stream.
8For equipment and service suppliers, besides ONGC, the eastern offshore is likely to see more orders coming in from the RIL-BP duo.
The following activities is currently on
--Declaration of Commerciality for D55 (MJ) and D29&D30 (Other Satellites) completed.
-- Front End Engineering Design (FEED) for D55 is currently underway
-- Field Development Plans (FDP) for MJ and Satellite Cluster planned for submission in H2,CY2017.
-- R-Cluster Development - Evaluation of bids for long lead items is currently underway
-- NEC-25 block will also see investments as the Declaration of Commerciality has been reviewed by the Management Committee for the D-32 discovery.
8Expect large investments to go through in the offshore E&P segment in India in the next three years. Estimates are that total investments may top Rs 100,000 crore
Comment: Global E&P equipment and service providers are strengthening their presence in India in anticipation of large orders. They understand that the economics of these mostly gas-based blocks are different from that of the rest of the world. Gas production viability will be benchmarked not against global well head prices, but against the landed price of LNG. The NPVs cross the hurdle rate as a result, despite the higher cost of production of some of these blocks on account of rough weather and challenging geology. RIL will have a relative cost advantage over ONGC as it can use its own under utilized infrastructure created to ferry much higher volumes in the D-6 block. Higher projected price of LNG as the supply-demand gap evaporates after 2020, around the time that some of these blocks will get to production, adds to the momentum
Click on Reports for more Details
The 2016-17 oil and gas production data shows crude output is lower by 2.53%. All major segments -- ONGC, OIL and the private sector -- under performed. Clearly new developments have not been able to stem the natural decline from ageing fields
8Crude output will continue to stagnate or decline over the foreseeable future.
8Cumulative gas production is lower too for the year.
8The Daman development of ONGC -- that was meant to bring in 8 mmscmd of peak gas -- now stands put off by about two years because of the company's inability to get new contractors to quickly plug the gap after the primary contractor declared bankruptcy. The output from here would have countered the natural decline from the Bassein, ONGC's largest gas field.
8With RIL's D-6 output in permanent decline, subsequent to the closure of two wells due to water and sand ingress and lackluster results from side tracking activities, it does not look like India's gas output will see a significant upswing in 2017-18 or 2018-19.
8The real effect of the incremental output from Daman and KG-DWN-98/2 will only be felt by the end of 2019 and 2020.
8The country therefore has not option but to fall back on expensive LNG to plug the demand-supply gap.
8Given the price sensitivity of the Indian market, gas demand, but of the uptake in the CGD sector, may remain tepid too in the intervening years if LNG prices continue to stay high.
Click on Reports for detailed 2016-17 data. Details
8Crude output will continue to stagnate or decline over the foreseeable future.
8Cumulative gas production is lower too for the year.
8The Daman development of ONGC -- that was meant to bring in 8 mmscmd of peak gas -- now stands put off by about two years because of the company's inability to get new contractors to quickly plug the gap after the primary contractor declared bankruptcy. The output from here would have countered the natural decline from the Bassein, ONGC's largest gas field.
8With RIL's D-6 output in permanent decline, subsequent to the closure of two wells due to water and sand ingress and lackluster results from side tracking activities, it does not look like India's gas output will see a significant upswing in 2017-18 or 2018-19.
8The real effect of the incremental output from Daman and KG-DWN-98/2 will only be felt by the end of 2019 and 2020.
8The country therefore has not option but to fall back on expensive LNG to plug the demand-supply gap.
8Given the price sensitivity of the Indian market, gas demand, but of the uptake in the CGD sector, may remain tepid too in the intervening years if LNG prices continue to stay high.
Click on Reports for detailed 2016-17 data. Details
Asia's petrochemical markets were mixed last week, although trade activities of solvent-grade mixed xylene came to a near standstill amid widespread expectations of China imposing a consumption tax on imported mixed aromatics, as the product shares the same code for imports as mixed aromatics
8Insights into India's industrial policy and prospects: The annual report for 2016-17 of the ministry of commerce and industry.Click on Report for more.
8Chinese update
-- Philippines Choose Chinese Investment Over Territorial Challenge
-- China’s Power Projection in the Western Indian Ocean
-- Bhutan’s Relations With China and India
-- Political Indoctrination in Chinese Colleges. click on Report for details.
8Although consumer confidence remains at scorching-hot levels, markets are beginning to express doubt in Trump’s ability to streamline corporate tax and regulation reform. From their all-time high in mid-March, blue chip stocks have given back more than 1 percent, while the U.S. dollar has contracted more than 3.4 percent since late December.Click on Report for more.
8India discusses oil & gas policy framework with Indonesia.Click on Report for more.
8Oil companies ordered to hire directly from J&K's engineering colleges.Click on Report for more.
8Global Crude oil price of Indian Basket was US$ 51.22 per bbl.Click on Report for more.
8Weekly Tanker Market Report: Taxing times ahead.Click on Report on more.
8Republican Cracks Emerging in Trump's Coal-Heavy Energy Plan.Click on Report on more.
8Space May Be Next Frontier for Earth's Crude Oil Giants: Analyst
Click on Reports for more Details
8Insights into India's industrial policy and prospects: The annual report for 2016-17 of the ministry of commerce and industry.Click on Report for more.
8Chinese update
-- Philippines Choose Chinese Investment Over Territorial Challenge
-- China’s Power Projection in the Western Indian Ocean
-- Bhutan’s Relations With China and India
-- Political Indoctrination in Chinese Colleges. click on Report for details.
8Although consumer confidence remains at scorching-hot levels, markets are beginning to express doubt in Trump’s ability to streamline corporate tax and regulation reform. From their all-time high in mid-March, blue chip stocks have given back more than 1 percent, while the U.S. dollar has contracted more than 3.4 percent since late December.Click on Report for more.
8India discusses oil & gas policy framework with Indonesia.Click on Report for more.
8Oil companies ordered to hire directly from J&K's engineering colleges.Click on Report for more.
8Global Crude oil price of Indian Basket was US$ 51.22 per bbl.Click on Report for more.
8Weekly Tanker Market Report: Taxing times ahead.Click on Report on more.
8Republican Cracks Emerging in Trump's Coal-Heavy Energy Plan.Click on Report on more.
8Space May Be Next Frontier for Earth's Crude Oil Giants: Analyst
Click on Reports for more Details
The crude market is showing signs of weakness.
8Surpluses are growing again, with the Brent June-July spread this week fell to an unusually weak minus 55 cents per barrel, down from parity just two months earlier. The negative structure is known in the industry as contango.
8Traders may be forced to seek tankers as temporary floating storage facilities.
8Oil traders said OPEC was initially successful, driving oil prices higher and tightening time-spreads. But the group was a victim of its own success, as those same spreads forced crude out of storage, flooding an already weaker physical market with supply. Higher headline prices also boosted U.S. shale producers.
8There is now talk of extending the OPEC-led crude production cuts. OPEC and several other producers including Russia, Mexico and Kazakhstan agreed in December to reduce production by about 1.8 million barrels a day -- the first OPEC and non-OPEC deal in more than a decade -- in an effort to counter an oversupply weighing on prices. The producer group meets again May 25.
Click on Reports for more Details
8Surpluses are growing again, with the Brent June-July spread this week fell to an unusually weak minus 55 cents per barrel, down from parity just two months earlier. The negative structure is known in the industry as contango.
8Traders may be forced to seek tankers as temporary floating storage facilities.
8Oil traders said OPEC was initially successful, driving oil prices higher and tightening time-spreads. But the group was a victim of its own success, as those same spreads forced crude out of storage, flooding an already weaker physical market with supply. Higher headline prices also boosted U.S. shale producers.
8There is now talk of extending the OPEC-led crude production cuts. OPEC and several other producers including Russia, Mexico and Kazakhstan agreed in December to reduce production by about 1.8 million barrels a day -- the first OPEC and non-OPEC deal in more than a decade -- in an effort to counter an oversupply weighing on prices. The producer group meets again May 25.
Click on Reports for more Details
MRPL faces a challenging future even as it plans to merge its aromatic subsidiary, OMPL, with itself.
8OMPL has been reporting sizeable book losses post-commissioning of its plant due to subdued crack spreads and sub-optimal utilisation of the plant in the past, though the performance has improved since H2FY2017.
8MRPL has sizeable capex outlined in the medium to long term to achieve Bharat Stage (BS)-VI compliance, enhanced refinery capacity to 25 MMTPA and to set up a desalination project to safeguard its operations against water shortage. The large-scale projects would entail execution risks, while the timelines and funding mix would remain a concern.
Among the vulnerabilities are:
8Fluctuations in profits due to the import duty differential on the domestic sales, commodity price cycles and forex fluctuations (INR-USD rates)
8Sizeable debt repayments in FY2018 and FY2019 may lead to refinancing requirements
8Financial performance of OMPL remains depressed as reflected in sizeable book losses mainly due to subdued crack spreads and sub-optimal utilisation of the plant in the past. However, improvement in performance of OMPL has been seen of late as synergy benefits of the merger of OMPL with MRPL remain quite strong in the long run
Click on Reports for more Details
8OMPL has been reporting sizeable book losses post-commissioning of its plant due to subdued crack spreads and sub-optimal utilisation of the plant in the past, though the performance has improved since H2FY2017.
8MRPL has sizeable capex outlined in the medium to long term to achieve Bharat Stage (BS)-VI compliance, enhanced refinery capacity to 25 MMTPA and to set up a desalination project to safeguard its operations against water shortage. The large-scale projects would entail execution risks, while the timelines and funding mix would remain a concern.
Among the vulnerabilities are:
8Fluctuations in profits due to the import duty differential on the domestic sales, commodity price cycles and forex fluctuations (INR-USD rates)
8Sizeable debt repayments in FY2018 and FY2019 may lead to refinancing requirements
8Financial performance of OMPL remains depressed as reflected in sizeable book losses mainly due to subdued crack spreads and sub-optimal utilisation of the plant in the past. However, improvement in performance of OMPL has been seen of late as synergy benefits of the merger of OMPL with MRPL remain quite strong in the long run
Click on Reports for more Details
No other industrial cluster illustrates the clash in the economics of use of coal and gas than in India's largest ceramic hub in Gujarat that covers Thangadh, Morbi and Wankenar.
8The entire hub used highly polluting coal based gasifiers for this energy intensive industry. Energy cost makes up 30% of the manufacturing cost
8Companies were forced to switch to gas after a crackdown by the pollution control authorities
8The switch to gas however slowed down after new norms for coal-based gasifiers were introduced that involved investments in process improvements in the coal gasifiers oxidation chamber and in tar catchers to take care of the tar
8But recently after coal prices started going up, gas usage has revived in this segment
8The ebb and flow of gas demand in the ceramic market in Gujarat is an indicator of similar pitched battles that gas suppliers will have to fight in every industrial cluster in India
8The high price of RLNG is a deterrent as furnace owners around the country, as they have a choice of a variety of competitive offerings from suppliers of not just FO and petcoke but also rice husk and brickets.
8In the absence of regulations, consumers are driven only by economics and switch pretty quickly from one fuel to another.
8The recent move to debar the use of fuel oil and petcoke in the national capital region is on account of a strong need to clean up the polluting air in Delhi
8Clearly, the government has to play a strong role to ensure the weaning away of Indian industry from dirty fuels for gas to play a greater role.
Click on Reports to find out more on what is going in in the ceramic market in Gujarat Details
8The entire hub used highly polluting coal based gasifiers for this energy intensive industry. Energy cost makes up 30% of the manufacturing cost
8Companies were forced to switch to gas after a crackdown by the pollution control authorities
8The switch to gas however slowed down after new norms for coal-based gasifiers were introduced that involved investments in process improvements in the coal gasifiers oxidation chamber and in tar catchers to take care of the tar
8But recently after coal prices started going up, gas usage has revived in this segment
8The ebb and flow of gas demand in the ceramic market in Gujarat is an indicator of similar pitched battles that gas suppliers will have to fight in every industrial cluster in India
8The high price of RLNG is a deterrent as furnace owners around the country, as they have a choice of a variety of competitive offerings from suppliers of not just FO and petcoke but also rice husk and brickets.
8In the absence of regulations, consumers are driven only by economics and switch pretty quickly from one fuel to another.
8The recent move to debar the use of fuel oil and petcoke in the national capital region is on account of a strong need to clean up the polluting air in Delhi
8Clearly, the government has to play a strong role to ensure the weaning away of Indian industry from dirty fuels for gas to play a greater role.
Click on Reports to find out more on what is going in in the ceramic market in Gujarat Details
8Maintenance work in compressor : RFQ to be floated by September, 2017
8Pipelines replacement and fire protection work coming up : RFQ in May, 2017
8A new Naphtha Cracker Unit is coming up in a big refinery: Licensor selection soon
8Electrical Maintenance work in a Terminal : RFQs expected as soon as possible
Click on Details for more Details
8Pipelines replacement and fire protection work coming up : RFQ in May, 2017
8A new Naphtha Cracker Unit is coming up in a big refinery: Licensor selection soon
8Electrical Maintenance work in a Terminal : RFQs expected as soon as possible
Click on Details for more Details
8RFQs for civil works for a BS-VI refinery upgradation project will be floated in May, 2017
8The start-up date will be in Q3, 2017
Click on Details for key contacts and project details, along with capital approval, LOA and start-up dates Details
8The start-up date will be in Q3, 2017
Click on Details for key contacts and project details, along with capital approval, LOA and start-up dates Details
For reference purposes the website carries here the following tenders:
8Procurement of Tri Ethyl Aluminium for LLDPE/ HDPE unit Details
8Procurement of Phosphite for PP unit Details
8Procurement of Gas Corrosion Inhibitor Details
8Hiring of Third Party Inspection Agency for City Gas Distribution Project Details
8Supply of Multi-functional Additive to blend Gasoline Fuel Details
8Civil works at Drill Site LPEN in North Bank area Details
8Demand Assesment of Natural Gas Details
8Procurement of Liquid Nitrogen Gas Details
8Procurement of Calcium Stearate Standard for PP unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL Results: Analysts bullish on growth ahead of quarterly numbers Details
8Sensex up 97 points in early trade ahead of RIL earnings Details
8Govt to auction mines for coal-to-gas, CTL projects in current fiscal Details
8PM Narendra Modi's push to make kitchens safer makes India No. 2 LPG importer Details
8Sudan refuses to extend ONGC's licence to operate oil block after expiry Details
8Oil recovers some lost ground, but market under pressure Details
8Trump sets exec orders on environment, energy this week - official Details
8Bloomberg to world leaders: Ignore Trump on climate change Details
8Government aims to cut petroleum imports as it boosts alternative fuel use Details
8UK Conservatives pledge energy price cap, hitting utility shares Details
8RIL Q4 net profit up 12 per cent on higher prices, improved refinery margin Details
8Sri Lankan trade union fuel stir against IOC's Trincomalee petroleum refinery Details
8ONGC Videsh hopes to raise output by 15% in the current fiscal Details
8OIL crude production up 9.06%, ONGC up 3.32% Details
You can also click on Newsclips for more Details
8Procurement of Tri Ethyl Aluminium for LLDPE/ HDPE unit Details
8Procurement of Phosphite for PP unit Details
8Procurement of Gas Corrosion Inhibitor Details
8Hiring of Third Party Inspection Agency for City Gas Distribution Project Details
8Supply of Multi-functional Additive to blend Gasoline Fuel Details
8Civil works at Drill Site LPEN in North Bank area Details
8Demand Assesment of Natural Gas Details
8Procurement of Liquid Nitrogen Gas Details
8Procurement of Calcium Stearate Standard for PP unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL Results: Analysts bullish on growth ahead of quarterly numbers Details
8Sensex up 97 points in early trade ahead of RIL earnings Details
8Govt to auction mines for coal-to-gas, CTL projects in current fiscal Details
8PM Narendra Modi's push to make kitchens safer makes India No. 2 LPG importer Details
8Sudan refuses to extend ONGC's licence to operate oil block after expiry Details
8Oil recovers some lost ground, but market under pressure Details
8Trump sets exec orders on environment, energy this week - official Details
8Bloomberg to world leaders: Ignore Trump on climate change Details
8Government aims to cut petroleum imports as it boosts alternative fuel use Details
8UK Conservatives pledge energy price cap, hitting utility shares Details
8RIL Q4 net profit up 12 per cent on higher prices, improved refinery margin Details
8Sri Lankan trade union fuel stir against IOC's Trincomalee petroleum refinery Details
8ONGC Videsh hopes to raise output by 15% in the current fiscal Details
8OIL crude production up 9.06%, ONGC up 3.32% Details
You can also click on Newsclips for more Details
RIL’s refining margins will continue to reflect a higher premium over benchmark margins due to (1) higher share of light distillates in the company’s product slate; (2) favorable crude/fuel oil spreads and (3) efficient crude sourcing.
8Gail revenue is expected to improve 9.5% YoY, largely due 85% growth in the Petchem segment revenue.
Find out what the expectations are for:
8ONGC
8OIL
Click on Reports for more Details
8Gail revenue is expected to improve 9.5% YoY, largely due 85% growth in the Petchem segment revenue.
Find out what the expectations are for:
8ONGC
8OIL
Click on Reports for more Details
8Data on latest price of the Indian crude basket and under recoveries.Click on Report for more.
8Details of RIL's commercial production in the Sohagpur block.Click on Report for more.
8U.S. natural gas production is now on the rise and it is expected to be 0.8 BCF per day higher year-over-year in 2017. However, a tight U.S. natural gas market through 2018 should persist that should keep gas prices in the $3.25 to $3.75 per MMBtu range. Also find out more on how the second quarter of 2017 should set the stage for a strong rebound for upstream oil & gas companies and oilfield services firms.Click on Report on more.
8At their May 25, 2017 meeting OPEC will officially announce if they are going to extend their agreement to limit production. Saudi Arabia has already said they think the agreement should be extended, but the OPEC cartel members are not the “best of friends”, so the oil traders are being cautious.Click on Report for more.
8Even as the global analysis is that crude prices will go up, why are they falling?Click on Report for more.
8ONGC's last three year average finding & development cost of US$ 15.03/BOE, which is considered to be low among global E&P companies. ONGC also compares favourably against global independent E&P companies on the reserve life index (of 10.4 years as on March 31, 2016 based on proved developed reserves); full cycle costs (US$ 39.01/BOE in FY2016) and leverage parameters. These are strong protective factors in an industry that is characterised by depleting assets; significant technical challenges (in reserve replacement) and unpredictable prices. Click on Report for more.
8Make in India' to create new opportunities for energy and commodity sectors, despite challenges.Click on Report for more.
8Digital modes of transfer of money in the oil and gas retail sector and home delivery of petrol and diesel and similar items.click on Report for more.
8IEA's preliminary global natural gas data for 2017
Click on Reports for more Details
8Details of RIL's commercial production in the Sohagpur block.Click on Report for more.
8U.S. natural gas production is now on the rise and it is expected to be 0.8 BCF per day higher year-over-year in 2017. However, a tight U.S. natural gas market through 2018 should persist that should keep gas prices in the $3.25 to $3.75 per MMBtu range. Also find out more on how the second quarter of 2017 should set the stage for a strong rebound for upstream oil & gas companies and oilfield services firms.Click on Report on more.
8At their May 25, 2017 meeting OPEC will officially announce if they are going to extend their agreement to limit production. Saudi Arabia has already said they think the agreement should be extended, but the OPEC cartel members are not the “best of friends”, so the oil traders are being cautious.Click on Report for more.
8Even as the global analysis is that crude prices will go up, why are they falling?Click on Report for more.
8ONGC's last three year average finding & development cost of US$ 15.03/BOE, which is considered to be low among global E&P companies. ONGC also compares favourably against global independent E&P companies on the reserve life index (of 10.4 years as on March 31, 2016 based on proved developed reserves); full cycle costs (US$ 39.01/BOE in FY2016) and leverage parameters. These are strong protective factors in an industry that is characterised by depleting assets; significant technical challenges (in reserve replacement) and unpredictable prices. Click on Report for more.
8Make in India' to create new opportunities for energy and commodity sectors, despite challenges.Click on Report for more.
8Digital modes of transfer of money in the oil and gas retail sector and home delivery of petrol and diesel and similar items.click on Report for more.
8IEA's preliminary global natural gas data for 2017
Click on Reports for more Details
Air Products has announced that its joint venture in India – INOX Air Products Ltd – is to build six new air separation units (ASUs) in the country under a $100m investment to serve the growing onsite and merchant liquid industrial gases market.
8Is this the moment that we will look back upon and say that’s when India’s budding industrial gases industry really began to take off?
8The Indian industrial gas sector has an unusually large onsite business for a developing country, for example.
8In particular, there are a large number of steel clients that have been ‘weaned’ off captive owned and operated supply solutions in the last decade.
8Yet the captive market is still significant in India, with an estimated captive supply arena of almost 40% of the country’s gases business – potential that if converted to onsite supply could over time, represent as much as $800m in revenues.
Click on Reports for more Details
8Is this the moment that we will look back upon and say that’s when India’s budding industrial gases industry really began to take off?
8The Indian industrial gas sector has an unusually large onsite business for a developing country, for example.
8In particular, there are a large number of steel clients that have been ‘weaned’ off captive owned and operated supply solutions in the last decade.
8Yet the captive market is still significant in India, with an estimated captive supply arena of almost 40% of the country’s gases business – potential that if converted to onsite supply could over time, represent as much as $800m in revenues.
Click on Reports for more Details
India attracted the largest volume of greenfield capex Foreign Direct Investment (FDI) in the last two years
8In a prestigious global study carried here on this website, there is a steady rise in the FDI Confidence Index rankings for India over the past two years,
8The brand of India is overall a very positive one. Investors see it as a vast and diverse up-and-coming market. Importantly for the 21st-century global economy, investors also tend to see India as technologically advanced. These characteristics likely contribute to global investors’ view that India is a competitive and productive economy.
8However, the primary characteristic investors point to when describing India is chaotic.
8Find out how India ranks in terms of
-- Corruption
-- Being Chaotic
-- Inefficient
-- Unskilled
-- Old-fashioned
8The global survey found that India is not on top of the list when it comes to people more optimistic about it in 2017 than in 2016
8India is also down the ladder in the FDI Confidence Survey
Click on Reports for more Details
8In a prestigious global study carried here on this website, there is a steady rise in the FDI Confidence Index rankings for India over the past two years,
8The brand of India is overall a very positive one. Investors see it as a vast and diverse up-and-coming market. Importantly for the 21st-century global economy, investors also tend to see India as technologically advanced. These characteristics likely contribute to global investors’ view that India is a competitive and productive economy.
8However, the primary characteristic investors point to when describing India is chaotic.
8Find out how India ranks in terms of
-- Corruption
-- Being Chaotic
-- Inefficient
-- Unskilled
-- Old-fashioned
8The global survey found that India is not on top of the list when it comes to people more optimistic about it in 2017 than in 2016
8India is also down the ladder in the FDI Confidence Survey
Click on Reports for more Details
Other project updates (not through our software) include:
8Installation of new Ethanol storage tank: EC expected by August,2017
8Maintenance work in PX unit : RFQS floated by May, 2017
Click on Details for more Details
8Installation of new Ethanol storage tank: EC expected by August,2017
8Maintenance work in PX unit : RFQS floated by May, 2017
Click on Details for more Details
