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May 2017
2G ethanol plants are now coming up and the website carries here a full template on what setting up such a plant involve, including details on:
8Different waste feedstocks used
8The manufacturing process
8Input-output matrices and plant performance parameters
8Demand for chemicals, such as nitric acid and different kind of enzymes
8The water requirement is high and waste management will need to be a focus area too
Click on Reports to find out more Details
8Different waste feedstocks used
8The manufacturing process
8Input-output matrices and plant performance parameters
8Demand for chemicals, such as nitric acid and different kind of enzymes
8The water requirement is high and waste management will need to be a focus area too
Click on Reports to find out more Details
What are the characteristics of the Indian oil and gas market of late?
The following were the key highlights recently
8Light-heavy crude differentials declined
8Higher gasoline and jet fuel spreads propelled GRMs
8Auto fuel marketing margins improved
8Spot LNG prices have gone up
8Petrochemical margins have declined
Click on Reports for more Details
The following were the key highlights recently
8Light-heavy crude differentials declined
8Higher gasoline and jet fuel spreads propelled GRMs
8Auto fuel marketing margins improved
8Spot LNG prices have gone up
8Petrochemical margins have declined
Click on Reports for more Details
8Recently, the Supreme Court of India (Supreme Court) in the case of Palam Gas Service (the taxpayer) held that when the entire scheme of obligation to deduct the tax at source and paying it over to the government is read holistically, it cannot be held that the word 'payable' occurring in Section 40(a)(ia) of the Income-tax Act, 1961 (the Act) refers to only those cases where the amount is yet to be paid and does not cover the cases where the amount is actually paid. Accordingly, Section 40(a)(ia) of the Act covers not only those cases where the amount is ‘payable’ but also when it is ‘paid’ and tax has not been deducted on the same.
8For reference purposes, the website carries here the Taxation laws (Amendement) Act, 2017 which further amends the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Central Sales Tax Act, 1956, the Finance Act, 2001 and the Finance Act, 2005 as well as repeal certain enactments.
Click on Reports for more Details
8For reference purposes, the website carries here the Taxation laws (Amendement) Act, 2017 which further amends the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Central Sales Tax Act, 1956, the Finance Act, 2001 and the Finance Act, 2005 as well as repeal certain enactments.
Click on Reports for more Details
8Azerbaijan can become a dependable supplier of oil and gas in India and Indian companies have a strong presence in the country.It has a big role to play in the lies in the launching of International North South Transport Corridor (INSTC), which will connect Indian ports with Azerbaijan and Russia through Iran. Construction of INSTC is slated to finish in 2017,15 once completed; the 4,500 mile route will substantially reduce transport time between India and Azerbaijan.Click on Report for more.
8Progress has been slow in the TAPI pipeline over the years, but nevertheless, financiers are willing to fund it and several milestones have been covered.Click on Report for more.
8Donald Trump’s administration has been forced to become more pragmatic has also proved less dogmatic than feared. And find out more on why India will grow at 8% in 2018 and what is in store for the exchange rate in the next two years.Click on Report for more.
8Even though crude prices are going down brokerage houses are pushing a "buy" order on ONGC, find out more on why that is so.Click on Report for more.
8In the aftermath of the recent spike in pirate attacks in the Gulf of Aden, the Directorate General of Shipping in India has issued an advisory to vessel owners to refrain from sailing in the troubled zone. The website carries here a full risk and threat assessment report in these area.Click on Report for more.
8Get a full report on JSW, a pipe suppliers to the Indian oil and gas industry
Click on Reports for more Details
8Progress has been slow in the TAPI pipeline over the years, but nevertheless, financiers are willing to fund it and several milestones have been covered.Click on Report for more.
8Donald Trump’s administration has been forced to become more pragmatic has also proved less dogmatic than feared. And find out more on why India will grow at 8% in 2018 and what is in store for the exchange rate in the next two years.Click on Report for more.
8Even though crude prices are going down brokerage houses are pushing a "buy" order on ONGC, find out more on why that is so.Click on Report for more.
8In the aftermath of the recent spike in pirate attacks in the Gulf of Aden, the Directorate General of Shipping in India has issued an advisory to vessel owners to refrain from sailing in the troubled zone. The website carries here a full risk and threat assessment report in these area.Click on Report for more.
8Get a full report on JSW, a pipe suppliers to the Indian oil and gas industry
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Mass Flow Meter for all india locations Details
8Supply of Multifunctional Additive to Kochi Refinery for a period of two years Details
8Supply of Diesel Lubricity Additive to different refineries Details
8Installation and Commissioning of Automated Pig Launcher in Piyala Bijwasan Section of Mumbai Manmad Bijwasan Pipeline Details
8Turnaround Jobs in Process Units in CCR Complex during September-October 2017 Details
8Procurement of Remote Seal Type Field Transmitter at refinery Details
8Carrying out Supervisory services of complete inspection of Coke Cutting Kelly System Details
8Supply of Multipoint Thermocouples at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Trafigura-backed oil firm opens $92 million Myanmar terminal Details
8Petronet fourth quarter profit nearly doubles to Rs 471 crore on higher volumes Details
8India, Russia review bilateral cooperation Details
8Videocon to use Indonesia oil profits to repay loans Details
8BP launches two new gas fields in Egypt Details
8Rosneft aims completion of Essar Oil acquisition by June-end: CFO Pavel Fedorov Details
8Russia’s oil exports to india double in 2017 on OPEC cuts Details
8In a first, India to import LPG from Iran to meet rising demand Details
8Over 40 per cent LPG coverage in Odisha in 2017: Officials Details
8Daily fuel price revision set to boost oil firms’ profits Details
8World’s largest oil trader warns OPEC: Beware for weak demand Details
You can also click on Newsclips for more Details
8Procurement of Mass Flow Meter for all india locations Details
8Supply of Multifunctional Additive to Kochi Refinery for a period of two years Details
8Supply of Diesel Lubricity Additive to different refineries Details
8Installation and Commissioning of Automated Pig Launcher in Piyala Bijwasan Section of Mumbai Manmad Bijwasan Pipeline Details
8Turnaround Jobs in Process Units in CCR Complex during September-October 2017 Details
8Procurement of Remote Seal Type Field Transmitter at refinery Details
8Carrying out Supervisory services of complete inspection of Coke Cutting Kelly System Details
8Supply of Multipoint Thermocouples at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Trafigura-backed oil firm opens $92 million Myanmar terminal Details
8Petronet fourth quarter profit nearly doubles to Rs 471 crore on higher volumes Details
8India, Russia review bilateral cooperation Details
8Videocon to use Indonesia oil profits to repay loans Details
8BP launches two new gas fields in Egypt Details
8Rosneft aims completion of Essar Oil acquisition by June-end: CFO Pavel Fedorov Details
8Russia’s oil exports to india double in 2017 on OPEC cuts Details
8In a first, India to import LPG from Iran to meet rising demand Details
8Over 40 per cent LPG coverage in Odisha in 2017: Officials Details
8Daily fuel price revision set to boost oil firms’ profits Details
8World’s largest oil trader warns OPEC: Beware for weak demand Details
You can also click on Newsclips for more Details
8An intense interview selection process is likely for the next chairperson and Member (Legal) for the PNGRB. The petroleum ministry will be processing the applications.Click on Report for more.
8The DGH's response for views on how to bring in global best practices in IOR/EOR programmes of public sector companies have received a tepid response, according to well placed sources. These programmes are handled by the two major oil companies, ONGC and OIL, in their ageing fields.Click on Report for more details.
8The economic outlook of the Indian economy looks positive with the country expected to grow at more than 7.5% in FY18 before moving past the 8% trajectory in FY19.Click on Report for more.
8Haldia Petrochemicals seem to be on an upsurge led by the petrochemical boom in India. The liquidity position of the company has been gradually improving following the recommencement of operations of the company in January 2015.Click on Report for more.
8The global crude price of the Indian basket was at $ 48.14/bbl on May 8, 2017.
Click on Reports for more Details
8The DGH's response for views on how to bring in global best practices in IOR/EOR programmes of public sector companies have received a tepid response, according to well placed sources. These programmes are handled by the two major oil companies, ONGC and OIL, in their ageing fields.Click on Report for more details.
8The economic outlook of the Indian economy looks positive with the country expected to grow at more than 7.5% in FY18 before moving past the 8% trajectory in FY19.Click on Report for more.
8Haldia Petrochemicals seem to be on an upsurge led by the petrochemical boom in India. The liquidity position of the company has been gradually improving following the recommencement of operations of the company in January 2015.Click on Report for more.
8The global crude price of the Indian basket was at $ 48.14/bbl on May 8, 2017.
Click on Reports for more Details
In what has been seen as a major relaxation, the environment ministry has eased the norms for exemption in seeking permission from the Forest (Conservation) Act, 1980 for seismic surveys.
8This easing has happened after intense lobbying by the petroleum ministry.
8The government has embarked on a massive seismic survey spree to identify fresh deposits of hydrocarbons in unexplored sedimentary basins around India
8Both OIL and ONGC had sought relief from the stringent guidelines inscribed under the Forest Act in order to conduct these surveys on behalf of the government in a time bound manner.
Click on Reports for more Details
8This easing has happened after intense lobbying by the petroleum ministry.
8The government has embarked on a massive seismic survey spree to identify fresh deposits of hydrocarbons in unexplored sedimentary basins around India
8Both OIL and ONGC had sought relief from the stringent guidelines inscribed under the Forest Act in order to conduct these surveys on behalf of the government in a time bound manner.
Click on Reports for more Details
Even though both ONGC and RIL-BP have drawn up large investments plans in the E&P sector, a recently ranking has placed India at a poor 30th, in terms of potential buyer of oil and gas equipment.
8For reference purposes, the website carries here a country-wise analysis of equipment and service requirements for oil and gas equipment
8Among the top five oil and gas equipment exporting countries, South Korea ranks No.1 while the other four, China, the US, Germany and Japan jostle for space for the second rank.
8US has specialized equipment and service suppliers but its share in the world oil and gas equipment market is shrinking and is likely to touch around 12% by 2020.
Click on Reports for more Details
8For reference purposes, the website carries here a country-wise analysis of equipment and service requirements for oil and gas equipment
8Among the top five oil and gas equipment exporting countries, South Korea ranks No.1 while the other four, China, the US, Germany and Japan jostle for space for the second rank.
8US has specialized equipment and service suppliers but its share in the world oil and gas equipment market is shrinking and is likely to touch around 12% by 2020.
Click on Reports for more Details
The sharp fall in day hire rates for rigs and vessels are evident across thet world and also in India as is evident from price evinced by ONGC contracts.
8One not much talked about segment that has been hit hard is the Remotely Operated Vehicles (ROV) category.
8Day rates may not have plunged as hard as those for other vessels but the fleet utilization levels have seen a sharp downturn.
8The data is further segmented into drill support and vessel based ROV utilization.
8The data is useful for Indian deepwater operators to understand so that they are in a better position to arrive at their internal cost estimates and bargain better with suppliers.
Click on Reports to find out more. Details
8One not much talked about segment that has been hit hard is the Remotely Operated Vehicles (ROV) category.
8Day rates may not have plunged as hard as those for other vessels but the fleet utilization levels have seen a sharp downturn.
8The data is further segmented into drill support and vessel based ROV utilization.
8The data is useful for Indian deepwater operators to understand so that they are in a better position to arrive at their internal cost estimates and bargain better with suppliers.
Click on Reports to find out more. Details
Both the RIL-BP and ONGC are committed to big investments in the KG basin and this website has been saying that 2017 is the best year for placing orders for their offshore commitments.
8A compilation of data from research done by Morgan Stanley Research , Wood Mackenzie and Rystad Energy in April 2017 indicate that deep-water plays are going to play an increasingly important role in incremental production in the next three years. Up to 23% of the incremental volumes are coming from such plays
8In this context, the estimates are that the trough in subsea installations -- in terms of subsea trees online -- will probably be hit in 2018 before beginning to rise in 2018, and going up sharply by 2020 and onwards.
8For this to happen, subsea hardware capex, in terms of subsea trees, templates, manifolds, subsea boosters, compressors, separation and umblicals will begin to start going up, rather sharply from 2018 onward.
8After reaching a peak in 2014, there was a sharp deterioration in feet utilization in critical offshore equipment.
8The floating rig contracted were down from around 275 in Q-1, 2014 to 150 in Q-1, 2017.
Click on Reports to find out more. Details
8A compilation of data from research done by Morgan Stanley Research , Wood Mackenzie and Rystad Energy in April 2017 indicate that deep-water plays are going to play an increasingly important role in incremental production in the next three years. Up to 23% of the incremental volumes are coming from such plays
8In this context, the estimates are that the trough in subsea installations -- in terms of subsea trees online -- will probably be hit in 2018 before beginning to rise in 2018, and going up sharply by 2020 and onwards.
8For this to happen, subsea hardware capex, in terms of subsea trees, templates, manifolds, subsea boosters, compressors, separation and umblicals will begin to start going up, rather sharply from 2018 onward.
8After reaching a peak in 2014, there was a sharp deterioration in feet utilization in critical offshore equipment.
8The floating rig contracted were down from around 275 in Q-1, 2014 to 150 in Q-1, 2017.
Click on Reports to find out more. Details
A greenfield ethylene recovery unit is coming up at an investment cost of Rs 3800 crore: RFQs in July
8An LPG bottling plant is coming up at an investment of Rs 30 crore: RFQs for long lead items to be floated in July
Information is given in terms of:
8Cost of project
8Project description
8Equipment required
Dates
8Expenditure approval
8RFQ date
8Release Date
8Start Date
8Completion Date
Two key contacts and their telephone numbers
Click on Details for more Details
8An LPG bottling plant is coming up at an investment of Rs 30 crore: RFQs for long lead items to be floated in July
Information is given in terms of:
8Cost of project
8Project description
8Equipment required
Dates
8Expenditure approval
8RFQ date
8Release Date
8Start Date
8Completion Date
Two key contacts and their telephone numbers
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Tender for Civil, Mechanical and Electrical works for installation of CNG station Details
8Bid Package for R-Series 5 Well Platforms and Pipeline Project Details
8Rate contract for civil maintenance works at various installations in Ankleshwar field Details
8Procurement of Chromatograph for Sara Analysis Details
8Procurement of Various Chemicals Details
8Hiring of Gas Compression Services for Nandasan field of Mehsana Asset for a period of three years Details
8Know-how, process package, supply of first charge of catalyst and proprietary equipments and other services for the Naphtha NHDT Isomerisation Unit at refinery Details
8Hydrotesting of Mainline Spare Pipes Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol sales fraud: UP STF submits first report Details
8Agri Minister Radha Mohan Singh urges states asked to be ready for rain shortfall Details
8India to grow at 7.7 per cent in 2018-19: International Monetary Fund Details
8Petrol sales fraud: Arrested man says installed chips in Odisha too Details
8Vasundhara Raje fooling people over setting up oil refinery: Gehlot Details
8Oil rebounds, as OPEC talks up cutting supply into 2018 Details
8Malaysia's Petronas gets flexible on LNG contracts as supply builds Details
8NOC, IOC considering running gas stations Details
8PM Modi reviews performance of key infrastructure sectors Details
8Trump appoints Indian American Neil Chatterjee to key energy post Details
8OPINION: PM Modi is already delivering on many of the big promises made during the campaigns Details
8Polish oil pipeline back online after short interruption Details
8Italian Eni to build crude oil refinery in Nigeria - oil minister Details
8Low oil prices to boost GDP Details
8US-based GEV offers solution for reviving stranded gas power plants Details
You can also click on Newsclips for more Details
8Tender for Civil, Mechanical and Electrical works for installation of CNG station Details
8Bid Package for R-Series 5 Well Platforms and Pipeline Project Details
8Rate contract for civil maintenance works at various installations in Ankleshwar field Details
8Procurement of Chromatograph for Sara Analysis Details
8Procurement of Various Chemicals Details
8Hiring of Gas Compression Services for Nandasan field of Mehsana Asset for a period of three years Details
8Know-how, process package, supply of first charge of catalyst and proprietary equipments and other services for the Naphtha NHDT Isomerisation Unit at refinery Details
8Hydrotesting of Mainline Spare Pipes Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol sales fraud: UP STF submits first report Details
8Agri Minister Radha Mohan Singh urges states asked to be ready for rain shortfall Details
8India to grow at 7.7 per cent in 2018-19: International Monetary Fund Details
8Petrol sales fraud: Arrested man says installed chips in Odisha too Details
8Vasundhara Raje fooling people over setting up oil refinery: Gehlot Details
8Oil rebounds, as OPEC talks up cutting supply into 2018 Details
8Malaysia's Petronas gets flexible on LNG contracts as supply builds Details
8NOC, IOC considering running gas stations Details
8PM Modi reviews performance of key infrastructure sectors Details
8Trump appoints Indian American Neil Chatterjee to key energy post Details
8OPINION: PM Modi is already delivering on many of the big promises made during the campaigns Details
8Polish oil pipeline back online after short interruption Details
8Italian Eni to build crude oil refinery in Nigeria - oil minister Details
8Low oil prices to boost GDP Details
8US-based GEV offers solution for reviving stranded gas power plants Details
You can also click on Newsclips for more Details
There is a seductive argument for a carbon tax in India. But what should be the optimal tax rate?
8A full blown analysis of emission mitigation opportunities are investigated taking into account a tax that increases in equal yearly increments of Rs 165 per tonne to reach Rs 2301 per tonne by 2030
8The carbon tax has been found to be the most suitable way of bring down emissions in comparison to host of other measures, ranging from a road fuel tax to encouraging higher efficiency, power sector feebate, renewal subsidy, excise on electricity to a coal excise tax.
8The impact of the carbon tax on the pricing matrices of various industrial segments in India is thoroughly investigated in the report and it has been found to be marginal.
8The carbon tax will reduce energy-related CO2 emissions by about 8 percent and 22 percent below BAU levels in 2020 and 2030 respectively. These results are driven almost entirely by reductions in coal use, which account for 98% of the CO2 reduction and 2 per cent coming from the oil and gas sector
8Does a carbon tax therefore necessarily lead to a higher usage of gas?
8The answer seems to be "No".
Click on Reports to find out more Details
8A full blown analysis of emission mitigation opportunities are investigated taking into account a tax that increases in equal yearly increments of Rs 165 per tonne to reach Rs 2301 per tonne by 2030
8The carbon tax has been found to be the most suitable way of bring down emissions in comparison to host of other measures, ranging from a road fuel tax to encouraging higher efficiency, power sector feebate, renewal subsidy, excise on electricity to a coal excise tax.
8The impact of the carbon tax on the pricing matrices of various industrial segments in India is thoroughly investigated in the report and it has been found to be marginal.
8The carbon tax will reduce energy-related CO2 emissions by about 8 percent and 22 percent below BAU levels in 2020 and 2030 respectively. These results are driven almost entirely by reductions in coal use, which account for 98% of the CO2 reduction and 2 per cent coming from the oil and gas sector
8Does a carbon tax therefore necessarily lead to a higher usage of gas?
8The answer seems to be "No".
Click on Reports to find out more Details
For Indian oil & gas companies, this may be the best time to invest in US shale oil assets.
8Indian oil and gas output is likely to remain more or less stagnant as shown in projections going up to 2026.
8In comparison, volumes from US unconventional plays will grow by as much as 80% in this period.
8The need to grow equity oil will drive Indian companies to re-visit their strategy on entering tight oil assets in the US.
8What will drive Indian investments will be the window of opportunity opening up in the near term as tight oil cash flow remains strained
8Most assets become cash flow positive from 2020 onwards globally, but tight oil has the biggest deficit now and therefore have a faster movement towards positive flows.
Click on Reports for more Details
8Indian oil and gas output is likely to remain more or less stagnant as shown in projections going up to 2026.
8In comparison, volumes from US unconventional plays will grow by as much as 80% in this period.
8The need to grow equity oil will drive Indian companies to re-visit their strategy on entering tight oil assets in the US.
8What will drive Indian investments will be the window of opportunity opening up in the near term as tight oil cash flow remains strained
8Most assets become cash flow positive from 2020 onwards globally, but tight oil has the biggest deficit now and therefore have a faster movement towards positive flows.
Click on Reports for more Details
Which are the US tight oil plays which are currently running cash flow negative and have the biggest opportunity turn positive?
8Wolfcamp, for example, is a tight oil play that has a very large negative cash flow but projections shows a sharp spike forwards from 2019 onwards
8Similarly there are other plays at work as well
8The Marcellus play too will show a big move towards cash flows
8Find out more where the big investment opportunities lie
Click on Reports for more Details
8Wolfcamp, for example, is a tight oil play that has a very large negative cash flow but projections shows a sharp spike forwards from 2019 onwards
8Similarly there are other plays at work as well
8The Marcellus play too will show a big move towards cash flows
8Find out more where the big investment opportunities lie
Click on Reports for more Details
For cantilever type rig operators, it is important to know what are the daily charter hire rates hired by ONGC.
For reference purposes, the website carries here the hire rates of the following rigs:
8Parameswara
8Trident II
8JT Angel
8Harvey H Ward
8Ron Tappmeyer
8Trident XII
8Victory Driller
Click on Details for more Details
For reference purposes, the website carries here the hire rates of the following rigs:
8Parameswara
8Trident II
8JT Angel
8Harvey H Ward
8Ron Tappmeyer
8Trident XII
8Victory Driller
Click on Details for more Details
Repair jobs for Process Gas Compressors particularly for ONGC's offshore platforms are complicated machines and repaid jobs are expensive.
8ONGC recently found that material costs are as expensive as manpower costs to replace items such as control systems
8The OEMs, knowing well that ONGC does not have a choice, end up extracting a high service charge.
8Sometimes manpower costs are as high as 50% of the cost of engineered spares.
Click on Details to find out more on why OEMs such as Siemens and Aashmore end up charging so much Details
8ONGC recently found that material costs are as expensive as manpower costs to replace items such as control systems
8The OEMs, knowing well that ONGC does not have a choice, end up extracting a high service charge.
8Sometimes manpower costs are as high as 50% of the cost of engineered spares.
Click on Details to find out more on why OEMs such as Siemens and Aashmore end up charging so much Details
We have begun providing more detailed information on future business development opportunities in the oil and gas sector from out of our software
8There is a Rs 28 crore LPG bottling expansion project coming up: RFQs coming up soon
8Rs 2800 crore green field product pipeline: RFQs for trenching and laying work will be floated soon
The following data is given here on these projects:
8Cost of project
8Project description
8Equipment required
Dates
8Expenditure approval
8RFQ date
8Release Date
8Start Date
8Completion Date
8Two key contacts and their telephone numbers
Click on Details for more Details
8There is a Rs 28 crore LPG bottling expansion project coming up: RFQs coming up soon
8Rs 2800 crore green field product pipeline: RFQs for trenching and laying work will be floated soon
The following data is given here on these projects:
8Cost of project
8Project description
8Equipment required
Dates
8Expenditure approval
8RFQ date
8Release Date
8Start Date
8Completion Date
8Two key contacts and their telephone numbers
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Replacement of Domestic Gas Line network for Moran Industrial & Housing Area Details
8Expression of Interest under International Competitive Bidding for provision of Services of Gas Engine Driven Reciprocating Compressor Packages Details
8Global Expression of Interest under International Competitive Basis for Supply and Operation of Rental Units for enhanced Oil Recovery Operations in Rajasthan Block Details
8Expression of Interest for Integrated Development Services for the Mangala, Bhagyam and Aishwariya fields within the RJ-ON-90/1 Block Details
8Mechanized cleaning and Processing of Sludge of Crude Tanks at refinery Details
8Annual Rate Contract for providing various ROW Maintenance activities in CBPL Mainline Details
8Providing Intelligence and Ancillary Activities Services at Northern Region Pipelines Details
8Supervisory Services for servicing of BPCL make reciprocating compressors installed at refinery Details
8Carrying out Pipeline integrity Assessment, Life Extension Study and overall Fitness For Purpose (FFP) for pipelines Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Saudi energy minister says oil output cuts likely to be extended Details
8Five charts that explain crude oil's sudden nosedive toward $45 Details
8China-Pakistan-Economic-Corridor fuels fears of social upheaval Details
8Crude oil prices rise on expectation of output cut extension by OPEC Details
8Indian Oil Corporation in early talks with Saudi Aramco for downstream project Details
8Hurricane Energy more than doubles recoverable oil estimate from North Sea field Details
8Protesting pump owners to take Sundays off from this week Details
8Old habits die hard: Cash payments surge six months after notebandi Details
8Oil prices give up gains, U.S. output weighs against OPEC-led cuts Details
8Goa petrol pump dealers to support 'no purchase' protest Details
8IOC may take final investment decision on west coast refinery by end-2018- chairman Details
8Over 82 per cent LPG coverage in 2017-18, 95 per cent by 2018-19: Official Details
8Daily fuel price revisions to boost oil companies' profitability, says report Details
8Opec, non-Opec discuss extending global supply cuts by nine months Details
8PM Modi's dream project 'Urja Ganga' gets underway in Varanasi Details
You can also click on Newsclips for more Details
8Replacement of Domestic Gas Line network for Moran Industrial & Housing Area Details
8Expression of Interest under International Competitive Bidding for provision of Services of Gas Engine Driven Reciprocating Compressor Packages Details
8Global Expression of Interest under International Competitive Basis for Supply and Operation of Rental Units for enhanced Oil Recovery Operations in Rajasthan Block Details
8Expression of Interest for Integrated Development Services for the Mangala, Bhagyam and Aishwariya fields within the RJ-ON-90/1 Block Details
8Mechanized cleaning and Processing of Sludge of Crude Tanks at refinery Details
8Annual Rate Contract for providing various ROW Maintenance activities in CBPL Mainline Details
8Providing Intelligence and Ancillary Activities Services at Northern Region Pipelines Details
8Supervisory Services for servicing of BPCL make reciprocating compressors installed at refinery Details
8Carrying out Pipeline integrity Assessment, Life Extension Study and overall Fitness For Purpose (FFP) for pipelines Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Saudi energy minister says oil output cuts likely to be extended Details
8Five charts that explain crude oil's sudden nosedive toward $45 Details
8China-Pakistan-Economic-Corridor fuels fears of social upheaval Details
8Crude oil prices rise on expectation of output cut extension by OPEC Details
8Indian Oil Corporation in early talks with Saudi Aramco for downstream project Details
8Hurricane Energy more than doubles recoverable oil estimate from North Sea field Details
8Protesting pump owners to take Sundays off from this week Details
8Old habits die hard: Cash payments surge six months after notebandi Details
8Oil prices give up gains, U.S. output weighs against OPEC-led cuts Details
8Goa petrol pump dealers to support 'no purchase' protest Details
8IOC may take final investment decision on west coast refinery by end-2018- chairman Details
8Over 82 per cent LPG coverage in 2017-18, 95 per cent by 2018-19: Official Details
8Daily fuel price revisions to boost oil companies' profitability, says report Details
8Opec, non-Opec discuss extending global supply cuts by nine months Details
8PM Modi's dream project 'Urja Ganga' gets underway in Varanasi Details
You can also click on Newsclips for more Details
Costs for electric vehicle batteries continue to fall, with most studies seeing $150-300/kwh as the tipping point in their ability to compete with internal combustion engines.
8General Motors states it achieved $145/kwh in 2015 and Tesla believes it will reach $100/kwh by 2020.
8Research by Carbon Tracker and Imperial College, applying the latest EV battery costs, shows that EVs could become cost competitive by 2020 without subsidy, driving a faster rate of adoption than is foreseen by either the Bloomberg New Energy Finance New Energy Outlook or the IEA’s 450 scenario (which is consistent with a 50% chance of limiting warming to 2°C).
8Prior to 2020, bulk purchasing agreements and subsidized consumer vehicles are bolstering demand to ensure economies of scale.
8The Chinese Government, for example, aims to have 5 million EVs on the road by 2020 , while 30 US cities have asked manufacturers to quote for supplying 114,000 EVs. The automobile industry is stepping up
8Power ministry Piyush Goyal spoke of transiting to a 100% electric vehicle fleet by 2030.
Clearly these are no longer empty threats Details
8General Motors states it achieved $145/kwh in 2015 and Tesla believes it will reach $100/kwh by 2020.
8Research by Carbon Tracker and Imperial College, applying the latest EV battery costs, shows that EVs could become cost competitive by 2020 without subsidy, driving a faster rate of adoption than is foreseen by either the Bloomberg New Energy Finance New Energy Outlook or the IEA’s 450 scenario (which is consistent with a 50% chance of limiting warming to 2°C).
8Prior to 2020, bulk purchasing agreements and subsidized consumer vehicles are bolstering demand to ensure economies of scale.
8The Chinese Government, for example, aims to have 5 million EVs on the road by 2020 , while 30 US cities have asked manufacturers to quote for supplying 114,000 EVs. The automobile industry is stepping up
8Power ministry Piyush Goyal spoke of transiting to a 100% electric vehicle fleet by 2030.
Clearly these are no longer empty threats Details
8Oil's OPEC-driven gain wiped out as shale boom offsets cuts. Details
8One look at GE Shipping's balance sheet will clearly show that well run company can beating the downturn in the industry is a matter of good management and astute maneuvering. The company has posted a net profit of an impressive Rs 754 crore in 2016-17. And it continues to take delivery and give out contracts for new crude and dry bulk carriers. Details.
8BP's improved first quarter earnings have buoyed sentiments in the global oil & gas industry Details
8A new second generation smart bio-refinery with a capacity of one MLPA of ethanol has been built based on agri residue such as rice and wheat strwa, cotton stalk, bagasse, cane trash, corn cobs and stover.
8In India, an eco-system for 2nd generation ethanol is in the making to achieve the aspired 20% blend ratio. As a part of this drive, 10 to 12 Second generation ethanol projects are expected to be finalized, with average capex of around Rs. 600 crore each. Each of these plants will have the capacity to produce 100,000 litre ethanol per day.Details
8Over 2.20 crore LPG connecions given in the first year of Prashan Mantri Ujjwala Yojana
Click on Reports for more Details
8One look at GE Shipping's balance sheet will clearly show that well run company can beating the downturn in the industry is a matter of good management and astute maneuvering. The company has posted a net profit of an impressive Rs 754 crore in 2016-17. And it continues to take delivery and give out contracts for new crude and dry bulk carriers. Details.
8BP's improved first quarter earnings have buoyed sentiments in the global oil & gas industry Details
8A new second generation smart bio-refinery with a capacity of one MLPA of ethanol has been built based on agri residue such as rice and wheat strwa, cotton stalk, bagasse, cane trash, corn cobs and stover.
8In India, an eco-system for 2nd generation ethanol is in the making to achieve the aspired 20% blend ratio. As a part of this drive, 10 to 12 Second generation ethanol projects are expected to be finalized, with average capex of around Rs. 600 crore each. Each of these plants will have the capacity to produce 100,000 litre ethanol per day.Details
8Over 2.20 crore LPG connecions given in the first year of Prashan Mantri Ujjwala Yojana
Click on Reports for more Details
Is anyone interested in the acquisition of a established Indian seismic survey company?
8The global seismic industry is going through its most difficult patch yet but the Indian industry is buoyant on the back of large orders by ONGC and OIL for surveys of India's unexplored sedimentary basins
8But will this enthusiasm last?
8The target company has an order book of Rs 150 crore and it has made investments worth Rs 80 crore in equipment and services.
8It has both 2G and 3G acquisition capability.
8The balance sheet looks healthy.
Click on Details for full details of the company seeking to sell out. Details
8The global seismic industry is going through its most difficult patch yet but the Indian industry is buoyant on the back of large orders by ONGC and OIL for surveys of India's unexplored sedimentary basins
8But will this enthusiasm last?
8The target company has an order book of Rs 150 crore and it has made investments worth Rs 80 crore in equipment and services.
8It has both 2G and 3G acquisition capability.
8The balance sheet looks healthy.
Click on Details for full details of the company seeking to sell out. Details
With new norms in place for localization in the Indian oil and gas sector, there is an increasing scrutiny by the industry of possible production hubs in India.
8For reference purposes, the website carries here state-wise clusters of medium and small enterprises in India
8There are also details on major industrial belts in India
8All other industrial centres are also documented
8This comprehensive write-up makes for interesting reading for those who are thinking of ensuring compatibility to the Make in India regulations in the oil and gas sector
Click on Reports for more Details
8For reference purposes, the website carries here state-wise clusters of medium and small enterprises in India
8There are also details on major industrial belts in India
8All other industrial centres are also documented
8This comprehensive write-up makes for interesting reading for those who are thinking of ensuring compatibility to the Make in India regulations in the oil and gas sector
Click on Reports for more Details
The coal trading industry is going through a very tough patch.
8Decline in revenues along with deterioration in the working capital metrics has resulted in inadequate cash flows and stretched liquidity
8Revenues have been adversely impacted in the last two years due to an increase in coal production by Coal India Limited (9% in FY2016 on a YoY basis).
8This has lowered the steam coal imports by 10% in FY2016 on a YoY basis.
8The imports have further declined in FY2017 on account of subdued growth in thermal power generation.
8Further, the working capital positions of traders have weakened on account of long pending receivables.
Click on Reports for more Details
8Decline in revenues along with deterioration in the working capital metrics has resulted in inadequate cash flows and stretched liquidity
8Revenues have been adversely impacted in the last two years due to an increase in coal production by Coal India Limited (9% in FY2016 on a YoY basis).
8This has lowered the steam coal imports by 10% in FY2016 on a YoY basis.
8The imports have further declined in FY2017 on account of subdued growth in thermal power generation.
8Further, the working capital positions of traders have weakened on account of long pending receivables.
Click on Reports for more Details
For more on what is happening on the cutting edge of technology that may have a big impact on the Indian oil and gas sector, the website carries here write-ups on the following developments:
8Renewables outcompete fossil fuels as new electricity source worldwide
8Zero emissions transport is the preferred form of all new mobility in the world's major cities and transport routes
8Large scale deforestation is replaced with large scale land restoration, and agriculture is increasingly shifting to earth friendly practices
8Heavy industry commits to being Paris complaint
8Cities and states are implementing policies and regulations with the aim to fully decarbonise buildings and infrastructure by 2050
8Investments in climate action is now beyond $ 1 trillion a year and almost all financial institutions have a disclosed transition strategy
Click on Reports for more Details
8Renewables outcompete fossil fuels as new electricity source worldwide
8Zero emissions transport is the preferred form of all new mobility in the world's major cities and transport routes
8Large scale deforestation is replaced with large scale land restoration, and agriculture is increasingly shifting to earth friendly practices
8Heavy industry commits to being Paris complaint
8Cities and states are implementing policies and regulations with the aim to fully decarbonise buildings and infrastructure by 2050
8Investments in climate action is now beyond $ 1 trillion a year and almost all financial institutions have a disclosed transition strategy
Click on Reports for more Details
While the gas sector may have won the battle against coal, it may face a fate similar to coal in its battle against the renewal fuel industry.
8No fresh coal based generation capacity is being built anymore and existing units are being retired.
8Most governments are also beginning to recognize that reliance on coal -- and some of them are now saying gas -- expose their economy to price volatility on the global markets and decreases their energy security. These considerations, combined with increasing cost competitiveness of renewables, means that investment in new fossil fuel generation capacity is slackening off.
8In India, gas sector investments remain unviable in comparison with the coal industry but the future of gas-based power is also threatened by the growth from the competitive renewable power segment.
8At the end of 2015, 23.7% of power was coming from renewable sources of energy, and investment in renewables continues to gather pace. In 2016, wind and solar PV constituted 78.4% of new capacity in the EU, in the US almost two-thirds of new capacity was renewable, and in China combined new capacity in wind and solar reached 52 GW and was roughly equal to the new capacity in coal and gas. Even more positively, over the last seven years alone, solar PV costs have come down 85%, meaning it already outcompetes fossil fuel generation capacity in many regions of the world.
Click on Reports for more Details
8No fresh coal based generation capacity is being built anymore and existing units are being retired.
8Most governments are also beginning to recognize that reliance on coal -- and some of them are now saying gas -- expose their economy to price volatility on the global markets and decreases their energy security. These considerations, combined with increasing cost competitiveness of renewables, means that investment in new fossil fuel generation capacity is slackening off.
8In India, gas sector investments remain unviable in comparison with the coal industry but the future of gas-based power is also threatened by the growth from the competitive renewable power segment.
8At the end of 2015, 23.7% of power was coming from renewable sources of energy, and investment in renewables continues to gather pace. In 2016, wind and solar PV constituted 78.4% of new capacity in the EU, in the US almost two-thirds of new capacity was renewable, and in China combined new capacity in wind and solar reached 52 GW and was roughly equal to the new capacity in coal and gas. Even more positively, over the last seven years alone, solar PV costs have come down 85%, meaning it already outcompetes fossil fuel generation capacity in many regions of the world.
Click on Reports for more Details
Policy makers in India will now have to take into account a vigorous new campaign emanating from amongst the global climate lobby for toning down the growth of high cost, energy intensive gas supply options, such as LNG exports.
8This can temper the growth of the gas sector globally
8A new paper is now speaking of a "tipping point" in 2020 instead of 2025 or later for the fossil fuel industry.
8Recent IEA/IRENA analysis suggests that $1-2 trillion of stranded assets could be created in a 2°C degree scenario, with the level increasing the longer action is delayed.
8For oil, some investment is needed just to maintain production, but if emissions are to peak in 2020 as has been direly projected, the oil sector needs to adopt plans that do not involve further growth, according to the climate change lobby.
8While these might sound like unrealistic figures to most pundits in the industry, there is now a need to take all the material available into account while conducting a review of how oil and gas sector is going to evolve in the next 5 to 10 years.
8Voices calling for the phase out of fossil fuel subsidies are coming from all sectors of society. In February 2017, investors worth more than $2.8 trillion called for the G20 to phase out all fossil fuel subsidies by 2020, starting with subsidies for fossil fuel exploration and coal production, and then moving on to public support for oil and gas. This followed on the heels of a 2016 open letter from over 200 civil society organizations to the G20 making the same demand. When investors and civil society are united and committed, governments will find fertile ground for reform.
Click on Reports for more Details
8This can temper the growth of the gas sector globally
8A new paper is now speaking of a "tipping point" in 2020 instead of 2025 or later for the fossil fuel industry.
8Recent IEA/IRENA analysis suggests that $1-2 trillion of stranded assets could be created in a 2°C degree scenario, with the level increasing the longer action is delayed.
8For oil, some investment is needed just to maintain production, but if emissions are to peak in 2020 as has been direly projected, the oil sector needs to adopt plans that do not involve further growth, according to the climate change lobby.
8While these might sound like unrealistic figures to most pundits in the industry, there is now a need to take all the material available into account while conducting a review of how oil and gas sector is going to evolve in the next 5 to 10 years.
8Voices calling for the phase out of fossil fuel subsidies are coming from all sectors of society. In February 2017, investors worth more than $2.8 trillion called for the G20 to phase out all fossil fuel subsidies by 2020, starting with subsidies for fossil fuel exploration and coal production, and then moving on to public support for oil and gas. This followed on the heels of a 2016 open letter from over 200 civil society organizations to the G20 making the same demand. When investors and civil society are united and committed, governments will find fertile ground for reform.
Click on Reports for more Details
8Shutdown coming up in HGU unit in an existing refinery: RFQs to be floated soon
8Installation of new compressors in a refinery: Looking for an ARC contractor
8New storage tank coming up: RFQs in September
8New Rs 400 crore coastal storage terminal coming up: Consultant already in place
Click on Details for more Details
8Installation of new compressors in a refinery: Looking for an ARC contractor
8New storage tank coming up: RFQs in September
8New Rs 400 crore coastal storage terminal coming up: Consultant already in place
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Rate Contract for supply of Industrial Gases for a period of two years Details
8Procurement of Meter Regulating Skid for supplying NG to Domestic Customers at Hyderabad, Vijayawada & Kakinada Details
8Repair and Refurbishment of Frame-V Gas Turbine Rotor Details
8Supply of Pressure Transmitter, Differential Pressure Transmitter and Temperature Transmitter at HMRB Pipelines Details
8Supply of Temperature Gauges for CDU-I Project at refinery Details
8Supply of Complete Sludge Vessel for refinery Details
8Supply of Integrally Geared Centrifugal Compressor Package (Process Gas) for BS-VI Project of refinery Details
8Supply Installation and Commissioning of Radar Type Level Transmitters Details
8Procurement of Orifice Flange Assembly (Flow Transmitter) Details
8Providing Pipeline Information Management System (PIMS) service Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Sri Lanka only leasing out oil tanks to India: Ranil Wickremesinghe Details
8Mozambique's gas boom dream under threat from low gas prices, govt debt scandal Details
8Turning plastic waste to oil, this startup has a game-changer technology Details
8Iran says $55 oil price suitable, sees supply cut extension Details
8ONGC to drill 21 exploratory wells across districts in Tamil Nadu Details
8Iraq's oil exports average 3.252 million bpd in April -ministry Details
8Saudi Arabia's Falih says Brunei ready for global oil agreement extension Details
8Faster crude recovery drill Details
8Government soft launches new hydrocarbon licensing regime Details
8India is possibly the best long-term bet in terms of stability and sustainability: Rashesh Shah Details
8GAIL starts laying pipeline for gas distribution project Details
8Oil ministry to its PSUs: Give details of perks, foreign trips of officials Details
8OVL output touches record 12.57 million tonnes in FY17 Details
You can also click on Newsclips for more Details
8Rate Contract for supply of Industrial Gases for a period of two years Details
8Procurement of Meter Regulating Skid for supplying NG to Domestic Customers at Hyderabad, Vijayawada & Kakinada Details
8Repair and Refurbishment of Frame-V Gas Turbine Rotor Details
8Supply of Pressure Transmitter, Differential Pressure Transmitter and Temperature Transmitter at HMRB Pipelines Details
8Supply of Temperature Gauges for CDU-I Project at refinery Details
8Supply of Complete Sludge Vessel for refinery Details
8Supply of Integrally Geared Centrifugal Compressor Package (Process Gas) for BS-VI Project of refinery Details
8Supply Installation and Commissioning of Radar Type Level Transmitters Details
8Procurement of Orifice Flange Assembly (Flow Transmitter) Details
8Providing Pipeline Information Management System (PIMS) service Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Sri Lanka only leasing out oil tanks to India: Ranil Wickremesinghe Details
8Mozambique's gas boom dream under threat from low gas prices, govt debt scandal Details
8Turning plastic waste to oil, this startup has a game-changer technology Details
8Iran says $55 oil price suitable, sees supply cut extension Details
8ONGC to drill 21 exploratory wells across districts in Tamil Nadu Details
8Iraq's oil exports average 3.252 million bpd in April -ministry Details
8Saudi Arabia's Falih says Brunei ready for global oil agreement extension Details
8Faster crude recovery drill Details
8Government soft launches new hydrocarbon licensing regime Details
8India is possibly the best long-term bet in terms of stability and sustainability: Rashesh Shah Details
8GAIL starts laying pipeline for gas distribution project Details
8Oil ministry to its PSUs: Give details of perks, foreign trips of officials Details
8OVL output touches record 12.57 million tonnes in FY17 Details
You can also click on Newsclips for more Details
The ham-handed manner in which GAIL has tackled opposition to the construction of its pipeline network out of the Kochi LNG terminal can become a business case study of how not to bungle up a pipeline project.
8The initial reaction of GAIL to farmers opposed to the laying of the pipeline through their lands was to handle it as an operational or even a law and order problem
8When that did not work, it took to legal recourse
8When the state government suggested a way out, the gas major refused to cooperate
8Instead what GAIL should have done was to create a congenial environment for fruitful stakeholder interactions.
8The company's brass had consistently deployed officers who were good at implementing pipeline projects but not at stakeholder conciliation. The goodwill therefore never got generated.
8An outreach campaign came too late in the day.
Click on Reports for more Details
8The initial reaction of GAIL to farmers opposed to the laying of the pipeline through their lands was to handle it as an operational or even a law and order problem
8When that did not work, it took to legal recourse
8When the state government suggested a way out, the gas major refused to cooperate
8Instead what GAIL should have done was to create a congenial environment for fruitful stakeholder interactions.
8The company's brass had consistently deployed officers who were good at implementing pipeline projects but not at stakeholder conciliation. The goodwill therefore never got generated.
8An outreach campaign came too late in the day.
Click on Reports for more Details
8A full document on the state of the Indian petroleum industry released recently by the government of India.Click on Report for more.
8Latest Indian basket of crude prices and under recovery estimates.Click on Report for more
8Asian gasoline cracks to go down on rise in US inventories.Click on Report for more.
8The latest weekly tanker market report
Click on Reports for more Details
8Latest Indian basket of crude prices and under recovery estimates.Click on Report for more
8Asian gasoline cracks to go down on rise in US inventories.Click on Report for more.
8The latest weekly tanker market report
Click on Reports for more Details
It is not known whether gas suppliers like GAIL ever conduct a comprehensive economic modeling of the industrial clusters which they intend to target for substituting competing liquid fuels or coal with gas.
8So far, it has been ad-hoc customer-by-customer approach, which is just transactional in nature.
8Understanding the customer and its industrial environment is the first step towards gaining his confidence.
8The website carries here a full survey on the Indian tile industry, which is increasingly preferring gas over other fuels, based out Gujarat.
8India is the third largest producer and consumer of tiles in the world and consumption is growing rapidly.
8Morbi, a small industrial town near Rajkot, is home to more than 600 tile manufacturing units, and is also the second largest tile manufacturing cluster in the world. Furthermore, 100 more units are under construction at Morbi. Around 60% of tiles manufacturing in India happens at Morbi.
Click on Reports to find out more on what is going on Details
8So far, it has been ad-hoc customer-by-customer approach, which is just transactional in nature.
8Understanding the customer and its industrial environment is the first step towards gaining his confidence.
8The website carries here a full survey on the Indian tile industry, which is increasingly preferring gas over other fuels, based out Gujarat.
8India is the third largest producer and consumer of tiles in the world and consumption is growing rapidly.
8Morbi, a small industrial town near Rajkot, is home to more than 600 tile manufacturing units, and is also the second largest tile manufacturing cluster in the world. Furthermore, 100 more units are under construction at Morbi. Around 60% of tiles manufacturing in India happens at Morbi.
Click on Reports to find out more on what is going on Details
The website carries here a classic case of how stakeholder interests have been managed by a pipeline construction company against the laying of a pipeline
8Quantitative analysis of the kind of job losses and impact on state GDP was documented by the pipeline company
8The total annual economic lost opportunity in case the pipeline was not built was highlighted nott just in the midstream but also in the downstream segments
8The pipeline cost was segregated into different elements, from employee compensation to engineering to iron and steel pipe manufacturing and costs were further refined to capture only the spending that would occur in the specific states through which the pipeline would be traveling.
8Downstream costs were also calculated in terms of savings emerging to consumers with the purchase of gas
8There were a total of 536 parameters over which cost savings were divided up
8An economic cost estimation software was used to then fully capture the economic consequences.
8There could be two reasons why GAIL did not follow the cost-benefit approach: one could be that it was confident of using the administrative, law and order and legal routes to work for it, while the second reason could well be that such an analysis would have shown up the savings possible as not large enough for the states concerned. If it is the second reason, then there is cause for concern for the gas industry as a whole. A third reason could well be that no one in GAIL thought that there would ever be a need for such an exercise to appease stakeholder interests.
Click on Reports for more Details
8Quantitative analysis of the kind of job losses and impact on state GDP was documented by the pipeline company
8The total annual economic lost opportunity in case the pipeline was not built was highlighted nott just in the midstream but also in the downstream segments
8The pipeline cost was segregated into different elements, from employee compensation to engineering to iron and steel pipe manufacturing and costs were further refined to capture only the spending that would occur in the specific states through which the pipeline would be traveling.
8Downstream costs were also calculated in terms of savings emerging to consumers with the purchase of gas
8There were a total of 536 parameters over which cost savings were divided up
8An economic cost estimation software was used to then fully capture the economic consequences.
8There could be two reasons why GAIL did not follow the cost-benefit approach: one could be that it was confident of using the administrative, law and order and legal routes to work for it, while the second reason could well be that such an analysis would have shown up the savings possible as not large enough for the states concerned. If it is the second reason, then there is cause for concern for the gas industry as a whole. A third reason could well be that no one in GAIL thought that there would ever be a need for such an exercise to appease stakeholder interests.
Click on Reports for more Details
All these dramatic changes are taking place at a time when the shipping industry is enduring a serious downturn ever since the financial crisis in 2008.
8Into 2016, the crisis has not disappeared, as was evident by the collapse of Hanjin, one of the world's major container lines.
8Freight rates barely cover operating costs, leave alone the repayment of loans for the vessels themselves.
82017 looks like another difficult year
8The future continues to remain uncertain as maritime trade grew because of incredible demand emanating out of China but the problem is that emerging countries like China are now increasingly come to resemble OECD economies, a larger proportion of GDP growth is taken up by services and domestic consumtpuon.
8And as the outlook looks uncertain, the industry is being saddled with massive increases in operating costs, primarily due to important new environmental regulations.
8It is now clear that to get the shipping market to balance, a large number of vessels will be needed to be recycled before the end of their normal 25 year life and this may not be in the best interest of individual ship owners.
Click on Reports for more Details
8Into 2016, the crisis has not disappeared, as was evident by the collapse of Hanjin, one of the world's major container lines.
8Freight rates barely cover operating costs, leave alone the repayment of loans for the vessels themselves.
82017 looks like another difficult year
8The future continues to remain uncertain as maritime trade grew because of incredible demand emanating out of China but the problem is that emerging countries like China are now increasingly come to resemble OECD economies, a larger proportion of GDP growth is taken up by services and domestic consumtpuon.
8And as the outlook looks uncertain, the industry is being saddled with massive increases in operating costs, primarily due to important new environmental regulations.
8It is now clear that to get the shipping market to balance, a large number of vessels will be needed to be recycled before the end of their normal 25 year life and this may not be in the best interest of individual ship owners.
Click on Reports for more Details
The shipping industry continues to remain cynical about the use of LNG as a bunker fuel
8LNG has the attraction of producing slightly less carbon emissions but this has to be set against the potential dangers of methane leaks as methane is a more lethal greenhouse gas than CO2.
8For many existing ships, the engineering involved may be too costly to permit retrofitting
8The other major unknown is the extent to which the current lack of LNG infrastructure will be addressed before 2020.
8Adding to the uncertainty is the comparative cost economics of LNG and low cost sulphur fuels and the availability of cheap LNG well into the future.
8In the medium term, there is also the possibility of ships using other fuels such as methanol, which for some ships might produce a clean and economically viable solution.
Click on Reports for more Details
8LNG has the attraction of producing slightly less carbon emissions but this has to be set against the potential dangers of methane leaks as methane is a more lethal greenhouse gas than CO2.
8For many existing ships, the engineering involved may be too costly to permit retrofitting
8The other major unknown is the extent to which the current lack of LNG infrastructure will be addressed before 2020.
8Adding to the uncertainty is the comparative cost economics of LNG and low cost sulphur fuels and the availability of cheap LNG well into the future.
8In the medium term, there is also the possibility of ships using other fuels such as methanol, which for some ships might produce a clean and economically viable solution.
Click on Reports for more Details
The global cap on sulphur emissions will come into effect from January 1, 2020
8All ships will have to use fuel with a sulphur content not exceeding 0.5%. The cost currently of the compliant fuel is 50% more than the residual fuel
8The switch in 2020 could well mean that bunker costs can return to 2020 levels and the differential between complaint and residual fuel can spike by as much as $ 400 a tonne
8Are Indian bunker fuel suppliers in a position to be able to meet the 2020 deadline? If they are, they stand to make a killing.
8If bunker fuel becomes too expensive, then shipowners can use exhaust gas cleaning systems but then this is an unproven route as of now.
Click on Reports for more. Details
8All ships will have to use fuel with a sulphur content not exceeding 0.5%. The cost currently of the compliant fuel is 50% more than the residual fuel
8The switch in 2020 could well mean that bunker costs can return to 2020 levels and the differential between complaint and residual fuel can spike by as much as $ 400 a tonne
8Are Indian bunker fuel suppliers in a position to be able to meet the 2020 deadline? If they are, they stand to make a killing.
8If bunker fuel becomes too expensive, then shipowners can use exhaust gas cleaning systems but then this is an unproven route as of now.
Click on Reports for more. Details
The global shipping industry is in the throes of dramatic change.
8The European Union is bringing all ships, including non-EU ships, under its emission control system
8Then again, unilateral action by countries such as China, Canada and even states like California could lead to introduction of carbon pricing for the shipping industry.
8The shipping industry is the only sector in the world economy which has not yet defined when carbon emissions from it will peak and begin to decline.
8Then again, 13 years after its original adoption, the Ballast Water Management Convention will enter into force in September, 2017.
8The total cost of ensuring compliance across the entire world fleet has been estimated at a massive $ 100 billion.
Click on Reports for more Details
8The European Union is bringing all ships, including non-EU ships, under its emission control system
8Then again, unilateral action by countries such as China, Canada and even states like California could lead to introduction of carbon pricing for the shipping industry.
8The shipping industry is the only sector in the world economy which has not yet defined when carbon emissions from it will peak and begin to decline.
8Then again, 13 years after its original adoption, the Ballast Water Management Convention will enter into force in September, 2017.
8The total cost of ensuring compliance across the entire world fleet has been estimated at a massive $ 100 billion.
Click on Reports for more Details
ONGC has decided to adopt a no-nonsense approach towards support vessels hired to work the company's offshore operations in case of mobilization failure.
8Such failures will now elicit an unconventional response.
Click on Details for more Details
8Such failures will now elicit an unconventional response.
Click on Details for more Details
8Rs 6000 crore LPG pipeline: RFQs for surveyors to be released in June, 2017
-- Pipeline commissioning date Q2, 2021
8Rs 115 crore LPG bottling plant: Civil work RFQs by June, 2017
Find out more details on these future project opportunities in terms of:
-- Pipeline commissioning date Q2, 2021
8Rs 115 crore LPG bottling plant: Civil work RFQs by June, 2017
Find out more details on these future project opportunities in terms of:
8Expenditure Approval date
8RFQ date
8Release date
8Start Date date
8Completion date
8Project Description
8Contracting schedule
Two key contacts in each project with their telephone numbers
Click on Details for more
Details
8Project Description
8Contracting schedule
Two key contacts in each project with their telephone numbers
Click on Details for more
For reference purposes the website carries here the following tenders:
8Annual Rate Contract for procurement of Commercial Pressure Regulators for City Gas Distribution Project Details
8Overhauling of L and T supplied Breechlock Exhanger in OHCU area at refinery Details
8Supply of Pressure Transmitters at refinery Details
8Providing De-humidification services for Tanks under M and I at refinery Details
8Supply and Commissioning of Automated Pig Launcher in Piyala Bijwasan Section of Mumbai Manmad Bijwasan Pipeline Details
8Supply of Spares of Gas Turbine at refinery Details
8Supply of Multi-functional Additive to blend 3.2 Million Kilolitres of Gasoline Fuel Details
8Supply of High Tensile Strength Steel PG Cylinders fitted with SC Valve to various locations spreads all over india Details
8Supply of License, Basic Engineering Design Package and other Related Services for Second Generation 2G Bio-Ethanol Plant Details
8EOI for Removal of two Underpinned Pipelines (400 MM ND Oil & 350 MM ND Gas) Details
8Hot Oil Circulation Pumping Unit services on Call out Basis for various Onshore blocks in Gujarat Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Groups sue to stop Trump from renewing offshore drilling Details
8Politics, potholes and price drops: the story of Kenya's crude Details
8Shell's first-quarter profit more than doubles Details
8Several machines sealed for fraud in petrol sale scam Details
8Weights & measures department had alerted oil companies 2 years ago Details
8After chip racket, fuel dispensing machine sealed in Noida Details
8After Lucknow crackdown, UP govt orders statewide inspection of petrol pumps Details
8Chips found in dispensing machines at Moradabad fuel pump, FIR lodged Details
8PSU oil retailers to set up 6,500 LPG distribution centres in two years Details
8Venezuela oil flow to India may be hit Details
8We are targeting 15 per cent Methanol blending in the next few years: V K Saraswat, Member, Niti Aayog Details
8RIL to buy its own gas at $4.23 Details
You can also click on Newsclips for more Details
8Annual Rate Contract for procurement of Commercial Pressure Regulators for City Gas Distribution Project Details
8Overhauling of L and T supplied Breechlock Exhanger in OHCU area at refinery Details
8Supply of Pressure Transmitters at refinery Details
8Providing De-humidification services for Tanks under M and I at refinery Details
8Supply and Commissioning of Automated Pig Launcher in Piyala Bijwasan Section of Mumbai Manmad Bijwasan Pipeline Details
8Supply of Spares of Gas Turbine at refinery Details
8Supply of Multi-functional Additive to blend 3.2 Million Kilolitres of Gasoline Fuel Details
8Supply of High Tensile Strength Steel PG Cylinders fitted with SC Valve to various locations spreads all over india Details
8Supply of License, Basic Engineering Design Package and other Related Services for Second Generation 2G Bio-Ethanol Plant Details
8EOI for Removal of two Underpinned Pipelines (400 MM ND Oil & 350 MM ND Gas) Details
8Hot Oil Circulation Pumping Unit services on Call out Basis for various Onshore blocks in Gujarat Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Groups sue to stop Trump from renewing offshore drilling Details
8Politics, potholes and price drops: the story of Kenya's crude Details
8Shell's first-quarter profit more than doubles Details
8Several machines sealed for fraud in petrol sale scam Details
8Weights & measures department had alerted oil companies 2 years ago Details
8After chip racket, fuel dispensing machine sealed in Noida Details
8After Lucknow crackdown, UP govt orders statewide inspection of petrol pumps Details
8Chips found in dispensing machines at Moradabad fuel pump, FIR lodged Details
8PSU oil retailers to set up 6,500 LPG distribution centres in two years Details
8Venezuela oil flow to India may be hit Details
8We are targeting 15 per cent Methanol blending in the next few years: V K Saraswat, Member, Niti Aayog Details
8RIL to buy its own gas at $4.23 Details
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The Middle East and North Africa (MENA) is undergoing a period of revolutionary change.
8A transformation of power—who wields it, how it is exercised—is catalysing radical changes to the order and organisation of the region.
8The transition is messy and chaotic.
8It is challenging to forecast how the region might evolve, but it is likely to be unstable, to involve high levels of violence, and to constitute an ongoing challenge to policy makers.
8No Indian oil and gas player can ignore these challenges and a deeper understanding of the region is an essential input into the decision making process.
Click on Reports for a comprehensive political and economic update on the region and how the dynamics will eventually play out in the region Details
8A transformation of power—who wields it, how it is exercised—is catalysing radical changes to the order and organisation of the region.
8The transition is messy and chaotic.
8It is challenging to forecast how the region might evolve, but it is likely to be unstable, to involve high levels of violence, and to constitute an ongoing challenge to policy makers.
8No Indian oil and gas player can ignore these challenges and a deeper understanding of the region is an essential input into the decision making process.
Click on Reports for a comprehensive political and economic update on the region and how the dynamics will eventually play out in the region Details
The petroleum ministry's local content announcement last week allows scope for competitive Indian oil and gas equipment and services companies to still emerge in the oil and gas sector.
8The areas where there is likely to be traction are: On shore rigs, specialized drilling and completion services
8Secular growth in investments can come from the impetus given to CBM and Small and Discovered Fields
8But the entry barriers are high on account of entry barriers, high capex, need for high quality equipment, customization, penalties and the need for long term relationships
8Find out more on what are the segments in which entry is still possible.
Click on Reports for more Details
8The areas where there is likely to be traction are: On shore rigs, specialized drilling and completion services
8Secular growth in investments can come from the impetus given to CBM and Small and Discovered Fields
8But the entry barriers are high on account of entry barriers, high capex, need for high quality equipment, customization, penalties and the need for long term relationships
8Find out more on what are the segments in which entry is still possible.
Click on Reports for more Details
The newbuilding shipping market has seen an upsurge in orders in the past few days.
8So is a revival around the corner?
8Tanker ordering, which has plunged 40% in the first four months of the year seems be picking up of late.
8Owners are reported to be warming up to the idea of new builds.
8Specific details are not available but Singapore based Sentek Marine, placed an order for two firm and two optional VLCCs (300,000 dwt) at Hyundai Samho, S. Korea.
8The price is reported to be around $80 million.
8Get details of new building, second hand and demolition sales orders in the past week from around the world.
Click on Reports for more Details
8So is a revival around the corner?
8Tanker ordering, which has plunged 40% in the first four months of the year seems be picking up of late.
8Owners are reported to be warming up to the idea of new builds.
8Specific details are not available but Singapore based Sentek Marine, placed an order for two firm and two optional VLCCs (300,000 dwt) at Hyundai Samho, S. Korea.
8The price is reported to be around $80 million.
8Get details of new building, second hand and demolition sales orders in the past week from around the world.
Click on Reports for more Details
The newest challenge for gas seems to be the challenge thrown in its way by the emerging renewable sector.
8Even in countries gas producing countries, where the price of gas is much lower than in India, renewables such as onshore wind power, solar even nuclear and bio mass sources have begun competing with gas based power.
8In India therefore, expect for its use in the regulated sectors like fertilizers under an average price regime, will the use of gas be limited to the feedstock segment, such as petrochemicals, only instead of the energy sector as a whole?
8If methane leakage is taken into account while calculating the intrinsic cost of gas, along with a carbon tax, the future of gas can become as uncertain as the use of coal.
Click on Reports to find out more for the latest comparable levelized costs of competing fuels. Details
8Even in countries gas producing countries, where the price of gas is much lower than in India, renewables such as onshore wind power, solar even nuclear and bio mass sources have begun competing with gas based power.
8In India therefore, expect for its use in the regulated sectors like fertilizers under an average price regime, will the use of gas be limited to the feedstock segment, such as petrochemicals, only instead of the energy sector as a whole?
8If methane leakage is taken into account while calculating the intrinsic cost of gas, along with a carbon tax, the future of gas can become as uncertain as the use of coal.
Click on Reports to find out more for the latest comparable levelized costs of competing fuels. Details
One of the reasons why both RIL-BP combine and ONGC are investing in the geologically unstable and high cost deepwater fields in the KG Basin is because the economics of their production are not the same as gas producers in other parts of the world.
8Their breakeven levels can be far higher than in gas producing countries for the simple fact that given the demand-supply gap in India, the price of fresh domestic supply is pegged to the landed price of LNG in India.
8Indian companies stand to make money even if their cost of production is a multiple of the cost of production in the US or the Gulf as a consequence.
8Given falling price of equipment and services, if the bulk of the expenditure over the next five years can be locked in 2017 before their prices are projected to go up, the rate of return on KG Basin oil production is likely to remain well above the hurdle rate.
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8Their breakeven levels can be far higher than in gas producing countries for the simple fact that given the demand-supply gap in India, the price of fresh domestic supply is pegged to the landed price of LNG in India.
8Indian companies stand to make money even if their cost of production is a multiple of the cost of production in the US or the Gulf as a consequence.
8Given falling price of equipment and services, if the bulk of the expenditure over the next five years can be locked in 2017 before their prices are projected to go up, the rate of return on KG Basin oil production is likely to remain well above the hurdle rate.
Click on Reports for more Details
Nothing highlights the highly regulated nature of the Indian gas industry than the fact that largest consumers of gas are those where the gas prices are regulated.
8Of the available 140 mmscmd of total gas, the fertilizer sector consumes 4128 mmscmd, followed by power at 31.97 mmscmd and city gas at 21.19 mmscmd
8Industrial consumption, which is dependent on RLNG, is a mere 1.46 mmscmd
8The petrochemicals sector and the refinery sector, including the production of LPG, along with shrinkages etc make up the rest
8There is no immediate possibility of deregulation of the fertilizer and CGD sector
8Gas based power demand will come under increasing pressure from renewables and coal based power is unlikely to disappear from the horizon any time soon.
8That leaves only a very narrow segment from where the bulk of the future gas demand in India is likely to come from.
8Unless there is a large tax on carbon, coal based sources will continue to dominate, followed by renewable energy.
8Gas, because it is far more expensive in India to use because it needs to be imported, will continue to remain dependent on a narrow segment for growth.
Click on Reports for the disaggregated picture. Details
8Of the available 140 mmscmd of total gas, the fertilizer sector consumes 4128 mmscmd, followed by power at 31.97 mmscmd and city gas at 21.19 mmscmd
8Industrial consumption, which is dependent on RLNG, is a mere 1.46 mmscmd
8The petrochemicals sector and the refinery sector, including the production of LPG, along with shrinkages etc make up the rest
8There is no immediate possibility of deregulation of the fertilizer and CGD sector
8Gas based power demand will come under increasing pressure from renewables and coal based power is unlikely to disappear from the horizon any time soon.
8That leaves only a very narrow segment from where the bulk of the future gas demand in India is likely to come from.
8Unless there is a large tax on carbon, coal based sources will continue to dominate, followed by renewable energy.
8Gas, because it is far more expensive in India to use because it needs to be imported, will continue to remain dependent on a narrow segment for growth.
Click on Reports for the disaggregated picture. Details
Now that the final figures out, India's gas consumption is up 6.57% in 2016-17
8Net natural gas production available for sale from domestic production was less by 1.25% from the previous year
8The gap was plugged by LNG imports which grew by 15.8% during the period.
8Stock taking at the end of the 2016-17 shows that ONGC did post a 6.12% growth in output while OIL's output was higher too by 4.24%
8The big disappointment came from the private and JV fields, where output, led by RIL's D-6 fields, was down a massive 20.19%
Click on Reports for more Details
8Net natural gas production available for sale from domestic production was less by 1.25% from the previous year
8The gap was plugged by LNG imports which grew by 15.8% during the period.
8Stock taking at the end of the 2016-17 shows that ONGC did post a 6.12% growth in output while OIL's output was higher too by 4.24%
8The big disappointment came from the private and JV fields, where output, led by RIL's D-6 fields, was down a massive 20.19%
Click on Reports for more Details
There is a dramatic fall in the day rates of F&GL design Cantilever rigs that are being hired in India subsequent to the crash in oil prices
8Prices have halved from what they were three years ago.
8Now that the three year term for the Cantilever rig, the Harvey H Ward, has come to an end, the owner, in this case Shelf Drilling, has offered the rig back to ONGC for additional work at a massively discounted price.
8Find out what was the earlier hire rate and the new rate that was settled by ONGC for the rig for the extension period.
Click on Details for more Details
8Prices have halved from what they were three years ago.
8Now that the three year term for the Cantilever rig, the Harvey H Ward, has come to an end, the owner, in this case Shelf Drilling, has offered the rig back to ONGC for additional work at a massively discounted price.
8Find out what was the earlier hire rate and the new rate that was settled by ONGC for the rig for the extension period.
Click on Details for more Details
May 04 : Dramatic fall in day rates for Cantilever rigs-II: Dire market forces Shelf Drilling's hand
Shelf Drilling had also hired out other cantilever rigs to ONGC
8The rigs are Trident XII, Ron Rappmeyer and JT Angel
8What are the day rates at which they were hired?
8And also the day rates that were offered for their extensions
Click on Details for more Details
8The rigs are Trident XII, Ron Rappmeyer and JT Angel
8What are the day rates at which they were hired?
8And also the day rates that were offered for their extensions
Click on Details for more Details
