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May 2017

8LPG bottling plant project
 -- Project Cost: Rs 31.50 crore
 -- Project event: - RFQs for the long lead items will be released by July, 2017.
8Refinery maintenance project
 -- RFQs for maintenance contractor to be released in July, 2017
 Click on Details for more, including key contacts for these projects Details
For reference purposes the website carries here the following tenders:
8Laying of Steel Pipelines for City Gas Distribution Projects Details
8Supply of Pressure Transmitter and Differential Pressure Transmitter at refinery Details
8Supply of Knowhow, Process Package Supply of first charge of Catalyst for Polypropylene Unit at refinery Details
8Supply of Guided Wave Radar Level Transmitters Details
8Knowhow, Basic Design Engineering Package, Supply of Catalysts adsorbents for installation new Sulphur Recovery Unit SRU at refinery Details
8Annual Rate Contract for Supply of MDPE Fittings for City Gas Distribution Project Details
8Procurement of 5000 SCMH Compact DRS suitable for underground installation to supply NG to Domestic Customers at Hyderabad and Vijayawada Details
8Supply of MDPE Pipes for Hyderabad, Vijayawada and Kakinada for City Gas Distribution Projects Details
8Services for carrying out DGVC Survey for Twin Pipeline from Lepetkata to Duliajan and Duliajan to Lepetkata Details
8Procurement of Sulphur Analyser Gas Chromatograph Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Chile to export gas to Argentina to cover winter demand Details
8California proposes new rules after natural gas blowout Details
8Nigerian oil labour union calls for Exxon Mobil shutdown in Delta Details
8Indonesia offers 15 oil blocks amid thin industry interest Details
8Lower tax on coal under GST will bring down power tariffs: Piyush Goyal Details
8ExxonMobil, Total discuss offshore drilling opportunities in Greece -ministry Details
8Saudis greet Donald Trump with more than $50 billion in US deals Details
8Modi's oil champions, Indian Oil, Hindustan Petroleum, on track to match $16 billion spending Details
8Deals signed by U.S. companies in Saudi Arabia Details
8Vienna: Dharmendra Pradhan to represent India at OPEC meeting Details
8India’s state-owned oil firms spend over $16bn Details
8Kochi BPCL’s insulated pipeline to boost oil products’ value chain in India Details
8Insulated pipeline to boost BPCL Kochi Refinery's capacity Details
8Oil firms may take a collective hit of Rs 25,000 crore as a result of GST Details
8OPINION: End of oil in 10 years and how they don’t let you use your money Details
8India is fast learning to manage its waste with new technologies and knowledge of segregation Details
8Oil Ministry may block oil PSUs buying GDF stake in Petronet LNG Details
8GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5% Details
You can also click on Newsclips for more   Details
For reference purposes the website carries here the following tenders:
8Civil works at drill site "LKGK" in Lakwa area Details
8Supply of GI Pipes for Gas Company Details
8Construction of Oil Field Header at Mehsana Asset Details
8Corrigendum: Procurement of Meter Regulating Skid for supplying NG to Domestic Customers at Hyderabad, Vijayawada & Kakinada Details
8Removal of Deposits of Subsea Pipeline in Mumbai Offshore Details
8Transportation of Pressure Vessels Details
8Supply Installation and Commissioning of Ultrasonic Flow at refinery Details
8Providing Services for round the clock monitoring of Pipeline Intrusion Detection and Warning System Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices slip as supplies remain normal despite OPEC cuts Details
8MRPL plans up to Rs 18K cr investment to expand refinery Details
8Oil falls as market stays well supplied despite cuts Details
8Petrobras turnaround could yield first dividend in years in 2017 Details
8India's MRPL to shut 96,000 bpd crude unit for 25 days in Sept-Oct Details
8Drinking water supply stopped in Agartala after ONGC waste leaks Details
8MRPL achieves its highest ever 'profit before tax' Details
8Bio-diesel Indizel promoters plan eye 10 per cent of Indian diesel market in 7 years Details
8Modi's Oil champions on track to match $16 billion spending Details
8IGL plans to buy out JV partners Details
8Fake site continues to dupe luring with gas agency Details
You can also click on Newsclips for more   Details
While April consumption data shows an upswing in relation to the same month in the previous year, a comparison of  the data from the previous month (March) shows a negative growth of 3.3%.
8LPG sales consumption was down 12.5% in April in relation to March, so was MS (-1%).
8ATF consumption declined 4.7% in in April over March whereas grease and lubricants showed a drastic 25% fall.
8Bitumen offtake too fell by 17.5%. Pet coke consumption was down 6% whereas naphtha consumption was up 3.4%
Click on Reports for more Details
The latest consumption POL consumption data for April, 2017 shows an upswing again, growing by 3.20% over the same month last year
8MS sales are up 4.4% and HSD 2.8%.
8The aviation segment has roared up, with ATF sales galloping at 9.5%.
8LPG consumption has gone up by 3.8% while SKO is down a whopping 40%.
8The point to note however is the high growth rates of "dirty fuels" -- naphtha (7.1%) and petroleum coke 24.5%).
8What does this imply?
8Does that mean that industrial furnaces are using more dirty fuels than cleaner substitutes such as LNG?
8If LNG demand is going up, is it merely substituting a gap in domestic production, instead of replacing liquid fuels.
8Is the offtake of LNG stuck between competition from liquid fuels on one end and coal and renewable energy on the other?
Click on Reports for more Details
Arbitrage possibilities for global tanker fleets arise when there is a demand-supply imbalance.
8The website carries here geographical area wise product-supply balances going up to 2022 in terms of gasoil, gasoline, naphtha and fuel oil.
8For reference purposes, the website also carries here the net product tanker net fleet, age profile, and historical scrapping rates along with tanker order book schedule as of now.
8Asia is clearly the dominant user of VLCC vessels, a spatial map shows the distribution of volumes from Arabian Gulf and West Asia as also from South America
8Spot fixtures of late show a sharp rise in West-East fixtures and a comparable decline in East-West fixtures
8There is also a VLCC orderbook vs. age profile comparision and it shows VLCCs on order are less than the number of ships needed to replace existing VLCCs of 17 years of age or older.
8Orderbook non deliveries for VLCCs have averaged 35% since 2010.
8A fully updated VLCC net fleet, age profile and historical scrapping data is documented here
Click on Reports for more Details
It is not necessary that electric cars will always lead to a lower carbon footprint.
8There will be a huge increase in the demand for metals -- up to 50% -- once batteries take over
8Then again, electric vehicles will not reduce greenhouse emissions if coal fired electricity is used to charge the batteries
8Aggressive electrification while underlying electricity generation still relies on coal and oil may lead to an increase rather than a decrease in environment impacts and natural resource pressures.
8Further, even if efficient technologies do come in, if there is an increase in demand for such services as a result, there will be a "rebound effect", with a larger environmental footprint even if there is an overall decline in energy consumption.
Click on Reports for more insights Details
8Can electrification penetrate the heavy-duty vehicle sector? Click on Reports to find out more.
8Petronet LNG Ltd's finance director R.K. Garg is set to retire in a few months after staying at the helm for 7 years. Click on Reports for more on him.
8A full report on Global Economic Prospects in 2017.Click on Report for more.
8The Director General Hydrocarbons is keen to do a quality check on the massive 48243 LKM of 2D and 3D seismic data that is being collected by ONGC and OIL on new Indian sedimentary basins. The contracts were awarded to a bunch of companies on L-1 basis and there are doubts being expressed on the quality of data that is going to be picked up.
Click on Reports for more Details
For those looking for cost benchmarks in India -- and for that matter across the world -- for building airports, car parks, commercial offices, hospitals, hotels, industrial factories and residential accommodations, the website carries here a full report.
Included in the report are:
8Composite trade rates for various items from pre-cast concrete wall to ceramic tiling to cooper pipes and fire sprinklers
8Labour costs across various categories.
8Material costs over many different segments
Click on Reports for more Details
Proponents for clean coal provide a hypothetical scenario in which policy makers had $1 billion to spend with the objective of producing the highest levels of electricity with the lowest emissions profile. There can be several potential approaches:
8In the first scenario, the investment could be directed to continue the transition in Europe from gas (CCGT –baseline) to renewables. This would result in moderate reduction in emissions, although much lower levels of electricity generation.
8Secondly, the investment could fund a transition away from subcritical coal based power plants to wind and solar deployment in ASEAN. This too is impractical given the much lower levels of electricity generated.
8In the final scenario, for the same level of expenditure, investment in high efficiency low emission coal based technology would achieve a similar level of CO2 emissions reduction to the deployment of renewables in Europe, while generating up to three times more electricity.
8Financiers are now being urged to adopt a ‘fuel agnostic’ approach to climate action. Climate support regimes based on fuel, rather than on a technology basis can lead to unintended consequences, the argument goes.
Click on Reports for more Details
Low emission coal is being now bandied by the coal lobby as a viable option when compared to the use of coal in Asia.
8Then again, coal prices in $/mmbtu terms have been found to be twice that of coal.
8There is no substitute to base load coal fired power stations for developing countries, this line of argument runs.
8What is more, it is claimed that the price gap between cleaner coal and gas will grow significantly through to 2035
8And what exactly is cleaner coal technology? It is a suite of technologies that can be deployed or even eliminate various kinds of emissions.
8High efficiency low emission coal based technology for power plants can reduce more emissions for the same upfront investment in comparison to renewals, it is argued
Click on Reports for more   Details
The construction industry in India enjoys a massive labour cost advantage over countries in the world, accordint to am international survey recently.
8The markets with the lowest construction wages are in Africa and India where hourly wages can range from between $ 1–3.
8No longer having the cheapest labour, Chinese construction workers now average $ 5 per hour.
8At the other extreme, workers in New York and Zurich are edging closer to $ 100 per hour, compared to an average labour rate of $ 28 per hour across all regions of the world.
8The survey shows that there are skill shortages in many countries around the world.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Rate Contract for Cleaning, Health Assessment, Repair of Tanks (Crude oil and Effluent tanks) for Assam Asset Details
8Hiring of Mobile ETPs on O&M basis for a period of three years Details
8Procurement of Caustic Potash (Potassium Hydroxide) Details
8Procurement of Caustic Soda Flakes (Sodium Hydroxide) Details
8Annual Rate Contract for Testing of CNG Cascade Cylinders installed at Lucknow & Agra cities for CNG and City Gas Distribution Project Details
8Supply of Multigas Detector in refinery Details
8Supply of Anhydrous Ammonia in refinery Details
8Rate contract for repair of Gas Engine exhaust manifolds for a period of 2 years Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Railways speeds up plans to shift towards gas-fuelled locomotives Details
8Here’s how global crude oil prices impact your EMIs Details
8Israeli energy firms Delek Drilling, Avner Oil to finally merge Details
8Iran likely to back longer OPEC-led oil cut if all on board: Sources Details
8Rising US crude inventories push oil prices down Details
8Nearly 30 candidates in race for ONGC CMD’s job Details
8Indian explorer bets $1 billion on natural gas, unconventional shale Details
8Iraq replaces Saudi as top oil supplier to India in April: Trade flow data Details
8Exxon says to open gas stations in Mexico, invest $300 mln Details
8Global oil companies may get sops to set up production units in India Details
8Maharashtra hikes petrol surcharge for 2nd time in less than a month Details
8From May 21, no fuel at Lucknow petrol pumps for bikers sans helmet Details
8HPCL to set up Rs 600-crore bio-ethanol unit in Bathinda Details
You can also click on Newsclips for more   Details
Phase-II of a gas pipeline project
8EC will be expected to granted by June 2017.
8RFQs for procuring mainline pipes will be released by June 2017
LPG bottling plant
8RFQs for Civil work will be expected by July, 2017
8Cost Rs 20 crore
Click on Details for more Details
Spot prices for the VLGC hire market -- some that Indian LPG importers need to look out for - started at a new low in 2017 but seems to have picked up speed of late and are now hovering at around the same levels as were prevalent in 2016.
8These spot rates are still below the $ 20,000/day mark.
8The industry continues to exude severe stress symptoms and the market will remain highly challenging in 2017 and 2018 and are likely to stay below cash break-even levels.
8New ships continue to be added but the order book beyond 2017 is lower and this likely to contribute to improved freight market from 2018 onwards.
8It is pertinent to note that prices had once reached over $ 120,000 per day in 2015
Click on Reports for more information Details
Clearly, the gigantic mobility revolution that the Indian government is talking about is spurring global interest in India.
8Electrons are the new transportation fuel, the thinking in the government seems to indicate.
8India has given out strong signals to the global community that it wants to become an electric vechicle and battery manufacturing hub. The response is not known yet
8Several large international consultants are now in business trying to sell the concept of how India is going to leap frog in this area and where stakeholders can buy in. Innovative solutions are spoken about to decongest Indian cities.
8EVs, for example, can be "batteries on wheels" and can take on the additional off peak loads from solar energy despatches if tariffs are made attractive.
8Bidirectional charging is the new concept propounded.
8Can Indian oil marketing companies with their large retail networks become bidirectional charging hubs on long distance routes?
8The Indian government is already talking of compulsory EVs for all new fleet or service vehicles.
Click on Reports for more Details
8Prefeasibility report and a business development opportunity for an LPG bottling plant
8New global emerging countries and nations where IT and other outsourcing bases can be created by an international company. These centres, include Nagpur and Jaipur.  Indian companies will need to be on the look out for competition coming from these centres in the years ahead
Click on Reports for more information Details
Equipment and service providers must read the the freshly issued 270-page Manual for Procurement of Goods, 2017 by the government of India.
8The North Block document lays out the basic purchase parameters of the government of India.
8This format is followed in letter and spirit by all public sector companies and the latest amendments will be of interest to suppliers of equipment and services.
8Private sector buyers of goods and services can also benefit from some of the observations and conditonalities that the manual elaborates upon
Click on Reports for more Details
The shipbreaking industry is big in India
8It is a highly polluting industry and scientific reports on the chemical, biological and bateriological condition of the Gulf of Cambay, where bulk of the Indian shipbreaking industry is stationed, are only a few.
8It now emerges that at least along a 100 km long shoreline and up to 10 km off, the contamination is strong or very strong.
8Most tidal sediments made up of fine and coarse sand grains are heavily burdened with pollutants originating from the breakage of ships built and painted and daubed over the last many decades
8The shipbreaking industry remains buoyant as prices are attractive and India remains the favourite destination.
Click on Reports for a full analysis Details
8All CGD companies have been asked by the PNGRB to submit an Integrity Management System report. PNGRB has sent out the order under Schedule 7 under Regulation 6 of PNGRB Regulations, 2013
8Meanwhile, IMC Ltd has sent in an EOI for expand the LPG pipeline from Ennore to Madurai via Tiruchirapalli.
Click on Reports for more Details
Chennai Petroleum Corporation has seen lackluster performance recently.
8But things are likely to improve from here on
8Indian Oil Corporation's Chairman has reiterated that merger of CPCL with IOC (parent company) is inevitable.
8The company is in the midst of capacity expansion and quality upgradation programmes. Large outlay for new projects exposes CPCL to significant project implementation risks
Click on Reports to find out more on what's going on with the company Details
The Trump administration has allowed China to enter into long term LNG deals with the US
8Earlier only spot cargoes were accessed by China. American supplies accounted for almost 7 percent of China’s total imports in March.
8The agreement between the world’s two largest economies may unleash even more American supply on a glutted global market.
8The deal could pave the way for a second wave of investment in U.S. LNG terminals and can demolish projections that the supply glut will end in the early 2020s.
8The takeaway from the deal is that GAIL, which is stranded with a huge commitment of unsold US LNG every year, can theoretically sell its cargoes by entering into long term supply contracts with Chinese buyers.
8The problem however is that Chinese buyers are already over committed with long-term contracts with non-U.S. suppliers for more LNG than domestic demand requires through at least 2023.
8However the latest deal can open up Chinese investments in Indian LNG terminals in a big way, sources have predicted.
8That will mean that GAIL will have to vie with aggressive Chinese companies in the US space as well
8This may be well be good or bad news for GAIL, depending upon how we look at it
Click on Reports for more information Details
Dispute resolution under the new E&P contracts is going to be a one-way street.
8If a resolution between the government and the operator is not possible, then the unresolved difference or dispute shall be referred to arbitration of the sole arbitrator to be appointed only by the petroleum secretary on the recommendation of the law secretary.
8The provisions of Arbitration and Conciliation Act, 1996 (No. 26 of 1996) will be applicable only to any arbitration.
8The venue will no longer be a neutral place like London or Singapore but New Delhi instead.
Click on Reports for more Details
The government has come out with what it calls a draft Reconnaissance Contract wherein an operator can conduct a Reconnaissance Work Programme for two years after which it can express an Intent to Migrate to a Petroleum Operations Contract for an Area of Interest.
8The operator will then be eligible for a Right of First Refusal
8He can also abandon his rights after the Reconnaissance Contract
8The Operator will be eligible for a Right of First Refusal
8The liquidated damages to be paid for non-performance of contract, including seismic survey commitments and E&P work programmes are clearly spelt out
Click on Reports for more Details
Rs 600 crore naphtha pipeline
8RFQs for trenching and laying works to be floated in July, 2017
Rs 2400 crore LNG terminal
8RFQs for materials and equipment for mechanical works expected in July, 2017
Click on Details for project details and key contacts and their telephone numbers. Details
For reference purposes the website carries here the following tenders:
8Supply of Caustic Soda Lye Details
8Supply and Installation of Intelligent RTU at CTMPL RCP Locations Details
8Hiring of Services for laying of Gas Pipelines in the state of Assam Details
8Collection of Gas Flowmeter Charts and other related materials Details
8Hiring of Services for Installation/ Relocation /Modification of Surface Facilities Like Separators, Wellhead Manifolds, Gas Evacuation Pipelines and associated Equipment for Gas Production Augmentation Details
8Procurement of Portable O2 analyzer with provision of CO and CO2 Gas measurement in Flue Gas along with accessories in refinery Details
8Supply of Natural Gas/ RLNG for Non-Urea Activity Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India ranked second in renewable energy attractiveness index Details
8IFC may invest $40 million in Tata Cleantech Capital to promote renewable energy projects Details
8Niti Aayog working on plan to convert unsold BS III stock to run on Methanol-blended fuel Details
8Oil's well: Rising energy stocks help send S&P 500 to record Details
8Oil prices build on gains on expectation of extended crude supply cut Details
8Asian energy firms fired up by rally in oil prices after Russia, Saudi indicate extending cuts Details
8Global oil market rebalancing speeds up, belied by inventories - IEA Details
8Oil India starts survey to look for presence of hydrocarbons in Manipur Details
8Vedanta posts fourth quarter consolidated net profit of Rs 2,989 crore Details
8OIL acquires stakes in 2 Russian oilfields Details
8Indian Oil team holds fresh talks on Farzad-B Details
8Oil exploration underway in Manipur Details
8CNG costlier by 35 paisa, PNG by 81 paisa in Delhi Details
8Puma Energy Asia Sun aims to distribute petroleum in Myanmar Details
You can also click on Newsclips for more   Details
The Stone Age did not end because we ran out of rocks. It ended because a disruptive technology ushered in the Bronze Age, the book says.
8The era of centralized, command-and-control, extraction-resource-based energy sources (oil, gas, coal and nuclear) will not end because we run out of petroleum, natural gas, coal, or uranium. It will end because these energy sources, the business models they employ, and the products that sustain them will be disrupted by superior technologies, product architectures, and business models.
8This is a technology-based disruption reminiscent of how the cell phone, Internet, and personal computer swept away industries such as landline telephony, publishing, and mainframe computers. Just like those technology disruptions flipped the architecture of information and brought abundant, cheap and participatory information, the clean disruption will flip the architecture of energy and bring abundant, cheap and participatory energy. Just like those previous technology disruptions, the clean disruption is inevitable and it will be swift.
8We can debate the timing of Seba’s projections. But the fundamentals that this argument is based on – that what is currently happening is a technology disruption, by a semiconductor-based energy technology (solar PV) that has zero marginal cost and a rapidly declining cost curve – seems to be pretty solid. Details
Stanford professor Tony Seba's sensational new book on disruptive technology claims that exponentially improving technologies such as solar, electric vehicles, and autonomous (self-driving) cars will disrupt and sweep away the energy and transportation industries as we know it.
 8These are his dire projections for 2030:
 -- All new energy will be provided by solar or wind.
 -- All new mass-market vehicles will be electric.
 -- All of these vehicles will be autonomous (self-driving) or semi-autonomous.
 -- The car market will shrink by 80%.
 -- Gasoline will be obsolete. Nuclear is already obsolete. Natural Gas and Coal will be obsolete.
 -- Up to 80% of highways will not be needed.
 -- Up to 80% of parking spaces will not be needed.
 -- The concept of individual car ownership will be obsolete.
 -- The car Insurance industry will be disrupted. The taxi industry will be obsolete.
 For all oil and gas industry professionals in India, there is no option but to immediately place an order for the book. Details
A big business development opportunity is coming up in the decommissioning of an entire offshore production system in offshore India
8The post cessation of production scenario involves dismantling of multiple wellhead platforms and numerous wells
8The dismantling is being conducted through the Oilfields Act, 1948, and the Petroleum and Natural Gas Rules, 1959 and the Tapti PSC.
Heavy lift vessels will be in demand as the dismantling will involve:
-- Topsides
-- Jackets
-- Pipelines
-- Waste Management
Click on Reports for more Details
Big companies such as ONGC and RIL will have to think in multiple, significantly-different scenarios as they handle billions of dollars of investments in what are clearly uncertain times.
8What is needed to be looked at is what is plausible and internally consistent, rather than “likely”: they cannot assume the future will be like the present
These companies need to identify key underlying drivers, reflecting:
-- greatest uncertainties (eg technology, political action), and
-- greatest impacts on the business
-- If a scenario is not difficult for the company, it’s not a stress test
-- Challenge psychological biases; beware of groupthink
Click on Reports for more Details
The website carries here a very interesting insight into how big oil companies' prediction model works.
8Most companies follow a highly quantitative approach as it  it allows investments to be modelled and measured.
8But herein lie forecasts’ weaknesses too: they give a false feeling of predictive rigour.
8By relying on extrapolation, they must make (often subjective) assumptions about which trends will wither, persist or accelerate, while the inertia of the whole system – expressed in slow-changing aggregate numbers – may mask important underlying trends.
8Exxon Mobil for example predicted that the share of primary fuels in world energy matrix will remain the same but it did not.
8When it comes to the wider energy mix, oil companies see the future being very like the present.
8And clearly, the models used have thrown up the wrong kind of results.
 Click on Reports for more. Details
The website carries here an interesting insight into how some of the the biggest oil companies in the world have got their projections wrong on what the future may have in store
Consider these facts
8ExxonMobil’s first published Outlook in 2005 projected that wind and solar would account for 1% of total world energy production by 2030. Wind and solar achieved this share in 2012, after seven years rather than 25.
8Every year since its first published forecast in 2011, BP has predicted a sudden slowing of renewable energy growth, although every year the prediction has been wrong.
8BP and ExxonMobil estimate costs of renewable energy and electric vehicles well above mainstream industry estimates; BP’s forecast for solar costs in the United States in 2050 is higher than the actual average cost in 2016.
8While oil companies’ models largely ignore political drivers of change, the relative cost of different fuels is key to the prediction of the energy mix. Yet the companies appear to have unusually high estimates and forecasts of clean energy costs.
8The website carries here a report on how energy models are constructed, and highlight their central weakness: by extrapolating existing trends, they tend to predict that the future will
be just like the present, while masking underlying potential for disruption.
Click on Reports for more Details
Only two years ago it would have been unimaginable that the Indian government would consider an end to the construction of new coal-fired power plants.
8It was common understanding that the longstanding objective of providing electricity to a growing population could only be reached with coal.
8New policy parameters of the government now projects that despite the increasing electricity demand, no new coal-fired power plants, apart from those that are already under construction, would be needed after 2022 (Government of India 2016).
8Around 50,000 MW of  coal capacity is under construction
8What happened really happened?
8To satisfy the growing demand for electricity, the Indian government had planned large numbers of new coal-fired power plants. These plants take around ten years from initial planning to  realization. But in the last ten years the energy market has changed completely: the price of renewable energy from wind and solar has dropped drastically.
8Renewables are now cost-competitive and being built at a much faster rate than coal fired power plants.
8This rapid renewables deployment combined with slower than expected demand growth is expected to increasingly contribute to overcapacities in India’s electricity system.
8The way things are going India is now being seen as a global leader in energy change policies.
8Find out more on how this is happening, and how India may be well on its way to achieve the Paris commitments
Click on Reports for more Details
Greenfield product pipeline
-- Cost: Rs 310 Crore
-- RFQs for procuring mainline pipes will be released by June 2017.
 Refinery expansion
-- Cost Rs 4000 crore
-- RFQs for mechanical works by September, 2017
Click on Details for project description, schedule and key contacts
Details
For reference purposes the website carries here the following tenders:
8Consultancy Services for Plant Cost Estimation of IGHDS and ISOM Project at two refineries Details
8Corrigendum: Supply, Installation and Commissioning of Gas Chromatograph System Details
8Laying & Construction of Pipeline & associated works for Kochi to Mangalore Pipeline Project Details
8Supply and Installation of Pig Handling System for Pipeline Launcher and Receiver Details
8Procurement of Pipeline Locator for Tripura Regional Pipeline System and Lakwa Terminal Details
8Sale of Emulsified Crude produced from Sanand East Field of Ahmedabad Block Details
8Basic Engineering Design Package and other related services for Residue Upgradation Facility for Visakh Refinery Modernization Project Details
8Carrying out Surge Analysis Study of product pipelines at Kakinada Terminal Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8In marginalized south Tunisia, unrest over gas tests government Details
8Oil stable on expectations of extended OPEC-led production cut Details
8Russia, Saudi agree to extend oil output cuts until March 2018 Details
8Petrol pumps defy strike, remain open in Kerala Details
8Miner BHP Billiton rebrands as BHP Details
8Premier Oil sees significant debt reductions in 2018 Details
8Iran wants India to pay more than triple the price of gas for awarding block to ONGC Videsh Details
8CPCL records highest throughput in 2016-17: CPCL MD Details
8Merger of subsidiary with parent company always beneficial: Indian Oil Corporation Details
8Govt close to finalising 2nd ETF basket Details
8Indo-Iranian stalemate over Farzad B Details
8Petrol price cut by Rs 2.16, Diesel slashed by Rs 2.10 Details
8India's April trade deficit widens to $13.25 billion: Government Details
You can also click on Newsclips for more   Details
Policy planners in India will have to look at significant no-cost and low-cost opportunities exist to reduce methane emissions.
8Operational benefits of reducing methane emissions from oil and gas operations and assets include improved gas recovery, leading to increased volumes available for sale.
8Regulation combined with economic incentives can drive innovation and reduce emissions.
8Regulation combined with economic incentives can drive innovation and reduce emissions.
8Norway, for example, prohibits flaring of natural gas at oil wells except for security reasons, so oil companies cannot sell the oil until they find a use for the associated gas – either by re-injecting it for pressure support or by arranging for pipeline transport to customers.
8This regulation, in addition to a carbon tax introduced in 1991, became a driving force for development of new technologies such as the "closed flare system”.
8If India were to stick to its commitments to diminish its carbon footprint, policy planners will have to look at methane leaks in India sooner than later
Click on Reports for more Details
Indian oil marketing companies will need to scrutinize the government's plans carefully.
8If the targeted mobility revolution is indeed achieved by 2030, will their refinery expansion plans be adversely impacted?
8Will there be a need to relook at the retail outlet led development plan?
8Can the OMCs become part of the change by buying into the mobility revolution in some manner or other?
8Are there lessons to be derived from how global oil and gas companies doing to encounter this looming threat?
8Disruptive technological change can bring about dramatic changes within a short span of time, in a 5 to 10 year horizon, and such changes can be brutal in their impact on large companies unprepared to face the onslaught of the future
Click on Reports for more Details
The government has projected that some kinds of electric vehicles are already economic mostly in the two wheeler and rickshaw segments
8Electric service vehicles and four wheelers are near the breakeven point with operating costs of less than Rs 3.5 pre km
8Eventually economic segments include private electric four-wheel vehicles and public electric shuttles and buses.
8Find out how the cost-economics work out at this moment in India
8What the government is planning are:
8Market segment transformation at a national scale
8National learning platform to document insights and spread solutions
8State-level change laboratories to integrate systems
Click on Reports for more Details
Every oil company needs to read the government's extremely ambitious plan for an alternative mobility system based on electric cars
8What India wants to do is not follow but lead the global revolution in electric cars because of its pressing problems
8The government says, "An alternative mobility system—one unimaginable even a few years ago—is conceivable today."
8India wants to lead the world in what it calls the global mobility paradigm shift just as Africa did with mobile phone jumping the fixed phone revolution entirely
8Detailed scenarios in which Business as Usual and one where a mobility revolution is taken into account have been to built to drive home the point that urgent action needs to be taken at this point in time
8A two part change model is being drawn up that will allow India to reach the tipping point in the deployment of shared, electric, and connected mobility.
8A comprehensive national learning system is planned
8A transformed mobility system can deliver the same total mobility with fewer vehicle-km, reducing congestion and pollution
8The transformative scenario delivers the same access to mobility with 6 crore fewer vehicles
8A shared, electrified, and high-public transit future can reduce transportation energy requirements by 64%
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A Rs 325 crore greenfield product terminal is coming up
8Major equipment to be needed are: Pumps, Compressors, Line pipe, Couplers, Valves and Vessels
8Project Event :-  RFQs for hiring civil works contractor to be released by Sept, 2017. 
Rs 554 crore Gasoline Hydrotreating Unit Expansion project is up ahead
8Major equipment required in the project are:  Vessels,Stripper, Separator, Heater, Reflux drum, Condenser, Compressor, Feed Pump.
8Project Event:- RFQs for equipment is to be expected by June, 2017.
Click on Details for project description and identification along with key project contacts Details
For reference purposes the website carries here the following tenders:
8Annual Rate Contract for Expert Supervisory Services for Dresser Rand Make Reciprocating Gas Compressors installed at refinery Details
8Hiring the services of Design, Detail Engineering and Installation of OD Pipeline and 'OFC' by HDD and Hookup with existing Crude-oil Pipeline Details
8Refurbishing and testing of dry Gas Seal of Recycle Gas Compressor in refinery Details
8Recalibration and certification of Standard Pressure Gauges at refinery Details
8Supply of spares for Gas Turbine as per technical specifications Details
8Hiring of Mobile Air Compressor for CB-ONN-2000/1, CB-ON/2, CB-ONN-2002/3 & CB-ONN-2003/2 Blocks Details
8Annual Rate Contract for procurement of Commercial Natural Gas Meters for City Gas Distribution Project Details
8Expression of Interest under National Competitive Bidding for Operations and Maintenance Support Services at Andhra Pradesh and Gujarat Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Only four statisticians in CSO handle key industrial output data Details
8India's fuel demand in April up 3 per cent from last year Details
8Petrol pumps call off proposed Sunday off after review meeting with OMCs Details
8India no longer needs global support to decarbonise itself: UNEP expert Details
8Pradhan Mantri Ujjwala Yojana launched in Assam Details
8Qatar- Oil purchases by top India refiner show where market glut bites Details
8India: Rosneft struggles to close $12.9b Essar Oil acquisition, awaits creditors’ approval Details
8Petrol pumps to stay open as strike deferred Details
8'Continuing gas price cuts to deter fresh exploration capex' Details
8Oil ministry warns against fake websites on free-LPG scheme Details
8Away from OBOR, India pushing for 'energy diplomacy' in neighborhood Details
8LIC to clear Rosneft Essar Oil acquisition only after part payment of dues Details
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The fact that India is a sensitive market for LNG is evident from the drop in trading volumes in Petronet LNG Ltd's Dahej terminal.
8Spot volumes plunged 80% when LNG prices shot up
8Clearly, when spot volumes go off, LNG is substituted by other forms of fuel, such as naptha, fuel oil and petroleum coke.
8The Indian LNG market is going to get very competitive with the commissioning of the Mundra (2017) and Ennore (2018) terminals, both of which poses a risk to PLNG’s monopoly and re-gas margins.
8Other planned terminals such as Dhamra, Hazira and Kakinada will intensify competition too.
8The key risks for PLL at his point in time are:
8Prolonged gap between long-term RasGas and spot-LNG prices could result in deferment/lowering of term LNG volumes.
8High gas prices may lower demand for R-LNG, thus making it unviable for PLNG to source more long term supplies.
8Increase in domestic gas production and start of other LNG terminals in the country could lead to lower utilisation for PLNG.
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8Mitsui O.S.K. Lines Ltd (MOL) has announced that the MOL Triumph containership has been delivered from Samsung Heavy Industries Co. Ltd. The vessel is the world’s largest containership, and is the first in a fleet of six 20 000 TEU-Class containerships for the company. It is 400 m long, 58.8 m wide and has a capacity of 20 170 TEU. It also features a number of fuel efficiency features, including the capability to convert to LNG fuel at a later date.
8General Dynamics NASSCO has announced that it has christened and launched the LNG conversion-ready ECO Class tanker, Palmetto State, at San Diego Bay, US.
8The US Federal Energy Regulatory Commission (FERC) has granted authorisation for Sabine Pass Liquefaction LLC and Sabine Pass LNG L.P. to commence service for liquefaction and export activities from Train 3
Philly Shipyard Inc. (PSI) – the sole operating subsidiary of Philly Shipyard ASA – has announced that it has delivered the second of four next generation 50 000 DWT product tankers being built for the Kinder Morgan Inc. subsidiary, American Petroleum Tankers (APT).
8The Port of Rotterdam Authority has announced that it will carry out a joint study with the National LNG platform, focusing on opportunities to develop LNG from renewable sources as a transport fuel in the port. Using bio LNG, as opposed to regular LNG, will allow users to decrease CO2 emissions. In addition to this, the emitted CO2 from bio LNG is part of a short cycle: CO2 emissions are actually neutralised by the associated CO2 uptake. In other words, bio LNG is a sustainable option that can be used as a standalone fuel, or mixed with fossil-based LNG.
8Tellurian Inc. has announced that Driftwood LNG LLC and Driftwood Pipeline LLC (its wholly owned subsidiaries) have completed the pre-filing phase and collectively submitted a formal application with the US Federal Energy Regulatory Commission (FERC) to construct and operate an LNG facility and pipeline.
8SEALNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel, has announced the addition of three new members to the coalition. JAX LNG, Petronet LNG Ltd, and Toyota Tsusho Corp. (TTC), have joined SEALNG to support the coalition’s goal of creating the necessary confidence in the shipping sector to drive an effective and efficient global LNG value chain by 2020.
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India’s solar power tariffs fell to a new low of Rs 2.62 per unit during the auction of a 250 megawatt (MW) capacity plant at Bhadla in Rajasthan.
8This price is lower than the average rate of power generated by the coal-fuelled projects of India’s largest power generation utility, NTPC Ltd, at Rs3.20 per unit.
8Interestingly, the winner was chosen from among a list of highly competitive bids, with prices only marginally higher than the winning bid.
8The highly competitive bids were attributed the the tripartite agreements (TPAs) between the Reserve Bank of India, the Union government and the state governments, which provides comfort to power producers against payment defaults by state electricity boards (SEBs).
8This is bad news not just for the coal sector but also for the LNG fired gas based power. The subsidised LNG offtake scheme for gas based power plants has not been extended this year.
8The point now is how will India handle the surge in power demand when renewable power switches off at night?
8At such low costs, and with falling electricity storage costs, such as battery cost, renewable power may well entirely replace the need for gas based power.
8Then again, coal based power plants can meet peak demand instead of gas based units.
8LNG suppliers will now have to depend on industrial use, CGD, fertilizers and the petrochemical segments for growth of demand.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Corrigendum: Empanelment of Contractors for laying of MDPE Pipeline and installation of above ground GI Pipes and associated works at consumer end Details
8Procurement of SCADA System for City Gas Distribution Project at Bengaluru Details
8Civil works for restoration of abandoned Drill Site AZ-AA Details
8Installation of magnetic markers in Koyali Ratlam Pipeline mainline for Intelligent Pig Survey Details
8Supply of Self Regulating Type Control Valves for VGO-HDT Unit for refinery Details
8Supply of Level Gauges (Magnetic Type) for VGO-HDT Unit for refinery Details
8Supply of Displacer Level Transmitters for VGO Unit for refinery Details
8Supply of PIG Launcher and Receiver for Gas Company Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Global markets: Oil price jump pulls Asia stocks higher, NZ dollar hits 11-month low Details
8Cairn India calls for oilfield services contracts for flagship Rajasthan block Details
8Dakota Access Pipeline spilled 84 gallons of crude oil in South Dakota Details
8Government does not intend to take over PNGRB's responsibility: Petroleum Secretary Details
8India explores clean energy collaboration with Austria Details
8OPEC sees much higher oil supply from rivals in 2017 Details
8Vitol executive says oil market not seeing expected destocking Details
8ONGC Videsh Ltd sees 14% jump in output this fiscal Details
8Oil Ministry keen on policy to use gas for power generation Details
8New hydrocarbon mining licences to be offered in 2-3 months: oil secretary Details
8District authorities hint at taking over petrol pumps Details
8Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues Details
8Iraq, Algeria support extension of crude oil production cuts to boost prices Details
8OPEC wants 'collective efforts' to counter US crude oil output Details
You can also click on Newsclips for more   Details
The LNG industry continue to evolve rapidly as over supply continues to be the dominating theme. Greater buyer power, an excess of uncontracted LNG, a greater diversity of players and more flexible import infrastructure is driving the change.
Here are some of the important features:
8Rising LNG supply will weigh on spot LNG prices, potentially widening the discount to long-term, oil-linked contracts.
8Suppliers are coming under pressure to remove destination clauses, which forbids reselling to other locations. Removal of these clauses frees up buyers to resell when they are overcommitted or simply when a better trading opportunity presents.
8A flurry of unrestricted outbound cargoes from Japan that may push down LNG prices for as long as 5 years. About 80 percent of long-term LNG supply contracts between major Japanese and South Korean buyers and suppliers are estimated to include destination restriction clauses.
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How does a buyer handle the fast changing dynamics of the LNG market?
8The basic premise is that he will need to develop a robust contracting strategy
8What are the key principles involved in such a strategy?
8Forecasting has become an important part of the whole game and developing a team capable of delivering high quality forecasts has become essential.
8The temptation to over committing to purchases can be a problem
8While reloading is an option, it exposes the seller to certain risk, find out what they are.
8A bundle of contracts can help but this will need a sophistication of approach
8Then again, buyers are at risk of getting complacent, expecting an extended period of oversupply.
8Over the course of the last six months, the LNG supply demand outlook has changed to a more balanced view over the long-term, prompting a need for buyers to have better forecasting capabilities.
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In an attempt to sell surplus cargoes, LNG suppliers are now looking at what are being termed as "end to end" solutions.
8And this is where smart Indian players can have a big advantage.
8The idea is to tie up a model that creates a stakeholder interest in the buyer end of the operating model.
8The pricing can then be made flexible to the demand and local condition dynamics of the buyer.
8LNG suppliers are even looking at providing overall solutions to governments.
Click on Reports to find out more Details
Improvement in regas technology is leading to increased and quicker market access points at a lower cost.
8Why are floating storage regasification units (FRSUs) preferred over onshore facilities?
8This because unit costs are widely different
8The cheapest option is an oil tanker conversion to an FRSU
Find out more on the cost differences between
8An oil tanker conversion to an FRSU
8Latest FRSU cost
8An onland terminal cost
The discovery will come as a big surprise.
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In today's world, it is not easy being a buyer.
8GAIL is figuring that out, finding buyers for committed supplies out of the US starting soon. It does not have plan in place and is starting at huge losses.
8So what are the ways out for buyers?
8Creating buyer alliances can make it easier to work on a coordinated plan.
8Diversifying the portfolio has become important. That fact that Petronet LNG Ltd is tied in only to oil indexed long term deals with RasGas increases its risks.
8Building a more diversified portfolio of contracts with different suppliers, periods and pricing issues, and extending portfolio management via intermediary trading companies using financial hedging mehanisms has become essential now for an LNG buyer.
8In this respect, Indian buyers are way behind those from other countries.
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