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Jun 2017
Government data shows no new LNG regasification capacity coming up in 2017-18
8However, the Dabol LNG terminal capacity is shown to to operate at 5 MMTPA in 2017-18, up from 1.3 MMTPA in 2016-17
8The Mundra, Ennore and the Kakinada FRSU capacities are to go on stream in 2018-19
8The LNG liquefaction capacity will go up from 30 MMTPA to 48.5 MMTA next year
Click on Reports for more Details
8However, the Dabol LNG terminal capacity is shown to to operate at 5 MMTPA in 2017-18, up from 1.3 MMTPA in 2016-17
8The Mundra, Ennore and the Kakinada FRSU capacities are to go on stream in 2018-19
8The LNG liquefaction capacity will go up from 30 MMTPA to 48.5 MMTA next year
Click on Reports for more Details
8India has a long way to go to reach its commitment made in October 2016 under its Nationally Determined Contribution (NDC) targets to lower the emissions intensity of GDP by 33%–35% by 2030 below 2005 levels. At this moment it is going in the exactly opposite direction. Latest data shows that India's emissions have gone up by 5% in 2016, one of the highest increases recorded by any country. On the other hand China and US recorded a negative 0.7% and 2% growth. Clearly all eyes are now focused on India. Country-wise emission levels and growth in emissions in 2016 are carried here.
8The focus of the gas industry has always been on the US, where tight gas output has gone up dramatically. The point to note however is that there are countries outside of the US, such as Iran and Turkmenistan, which have significantly higher gas reserves. If gas production from these regions were to go up, there will an abundance of supply in the forseeable future. Country wise gas reserves as in 2016 are carried here.
8In Alberta in Canada, the price of gas in 2015 was $2.01/bbl, which went down to $1.50/bbl in 2016. In contrast the Henry Hub price was $2.46/mmbtu. Doesn't it not then make sense for India to base its incremental urea production -- there are six new Rs 6000 crore government sponsored gas based urea units coming up -- in Canada rather than here, where prices are several times higher? Even if the cost of transport of urea is taken into account, landed prices will be much cheaper than producing it here. Detailed gas price data across the world is carried here
8The wide divergence in gas prices in different parts of the world is narrowing, according to latest data given here
8Of the 22.5 MMTPA of LNG imported in 2016 by India, Qatar accounted for good 14 MMTPA. The current disturbances in Qatar underlines the need to diversify our supplies. Global data on movement of gas from one country to another by ship and pipeline are carried here.
8Large parts of the world still have a very low per capita consumption of gas, leading some to suggest that the appetite for gas will go up as a result. A spatial map showing per capital gas consumption is carried here
8India is one of the few countries around the world which has recorded a increase in coal production in 2016 whereas output has been falling across most countries of the world, including China and US (-7.9% and -19%). In the UK, coal production today is at a level where it was 200 years ago.
Click on Reports for more. Details
8The focus of the gas industry has always been on the US, where tight gas output has gone up dramatically. The point to note however is that there are countries outside of the US, such as Iran and Turkmenistan, which have significantly higher gas reserves. If gas production from these regions were to go up, there will an abundance of supply in the forseeable future. Country wise gas reserves as in 2016 are carried here.
8In Alberta in Canada, the price of gas in 2015 was $2.01/bbl, which went down to $1.50/bbl in 2016. In contrast the Henry Hub price was $2.46/mmbtu. Doesn't it not then make sense for India to base its incremental urea production -- there are six new Rs 6000 crore government sponsored gas based urea units coming up -- in Canada rather than here, where prices are several times higher? Even if the cost of transport of urea is taken into account, landed prices will be much cheaper than producing it here. Detailed gas price data across the world is carried here
8The wide divergence in gas prices in different parts of the world is narrowing, according to latest data given here
8Of the 22.5 MMTPA of LNG imported in 2016 by India, Qatar accounted for good 14 MMTPA. The current disturbances in Qatar underlines the need to diversify our supplies. Global data on movement of gas from one country to another by ship and pipeline are carried here.
8Large parts of the world still have a very low per capita consumption of gas, leading some to suggest that the appetite for gas will go up as a result. A spatial map showing per capital gas consumption is carried here
8India is one of the few countries around the world which has recorded a increase in coal production in 2016 whereas output has been falling across most countries of the world, including China and US (-7.9% and -19%). In the UK, coal production today is at a level where it was 200 years ago.
Click on Reports for more. Details
The fortunes of coal appear to have taken a decisive break from the past. At the heart of this shift are structural, long-term, factors: the increasing availability and competitiveness of natural gas and renewable energy; combined with mounting government and societal pressure to shift away from coal towards cleaner, lower-carbon fuels. These long-term forces in turn have given rise to policy responses that have often added even greater momentum.
8But will gas as a fuel also face the same fate as coal in some time to come?
8Global gas consumption increased by a mere 1.5% in 2016, weaker than its 10-year average of 2.3%.
8Lower consumption growth has left policy makers confounded, more so as it was accompanied by falling gas prices – Henry Hub prices were 5% lower than in 2015 while European and Asian spot prices were down between 20-30% due to increased LNG supplies.
8What has caused the flattening out of gas consumption even when prices have been low?
8A startling fact unearthed by a recent study was that the lower output had resulted from higher renewable energy production in some gas consuming countries.
8Will gas then go the way coal has gone?
Out comment: An argument is always advanced that the demand for gas will pick up from markets which have not been exposed to it earlier.
Data shows that newer markets, such as Pakistan, Egypt and Poland, accounted for a big chunk of the incremental demand for LNG in 2016.
As developing countries in Africa and Asia go up the growth curve, their demand for fossil fuels, including gas, will more than compensate for the fall in consumption in the developed world, the argument goes.
But there is a growing body of evidence that suggests that the very factors which will lead to a fall in demand for gas in the developed world will also have a similar impact in the developing world, as path-breaking technological change, such as the advent of an economical driverless electric car, or low cost energy storage devices among others, will disseminate quickly around the world.
There is already a decoupling of economic growth from carbon emissions, and there is no reason to assume that higher growth will entail a larger use of fossil fuels.
The conventional wisdom that gas will substitute coal as fuel is not longer held to be true. If coal is dubbed as a dirty fuel, it won't be long before gas too is similarly labeled, when methane leaks are taken into account and a tax on such emissions is levied.
The bitter truth is that gas is directly in competition with renewable energy now, and if coal is no longer a viable option, it is only a matter of time before gas becomes unviable too. And this can happen well within the foreseeable future.Click on Report for more. Details
8But will gas as a fuel also face the same fate as coal in some time to come?
8Global gas consumption increased by a mere 1.5% in 2016, weaker than its 10-year average of 2.3%.
8Lower consumption growth has left policy makers confounded, more so as it was accompanied by falling gas prices – Henry Hub prices were 5% lower than in 2015 while European and Asian spot prices were down between 20-30% due to increased LNG supplies.
8What has caused the flattening out of gas consumption even when prices have been low?
8A startling fact unearthed by a recent study was that the lower output had resulted from higher renewable energy production in some gas consuming countries.
8Will gas then go the way coal has gone?
Out comment: An argument is always advanced that the demand for gas will pick up from markets which have not been exposed to it earlier.
Data shows that newer markets, such as Pakistan, Egypt and Poland, accounted for a big chunk of the incremental demand for LNG in 2016.
As developing countries in Africa and Asia go up the growth curve, their demand for fossil fuels, including gas, will more than compensate for the fall in consumption in the developed world, the argument goes.
But there is a growing body of evidence that suggests that the very factors which will lead to a fall in demand for gas in the developed world will also have a similar impact in the developing world, as path-breaking technological change, such as the advent of an economical driverless electric car, or low cost energy storage devices among others, will disseminate quickly around the world.
There is already a decoupling of economic growth from carbon emissions, and there is no reason to assume that higher growth will entail a larger use of fossil fuels.
The conventional wisdom that gas will substitute coal as fuel is not longer held to be true. If coal is dubbed as a dirty fuel, it won't be long before gas too is similarly labeled, when methane leaks are taken into account and a tax on such emissions is levied.
The bitter truth is that gas is directly in competition with renewable energy now, and if coal is no longer a viable option, it is only a matter of time before gas becomes unviable too. And this can happen well within the foreseeable future.Click on Report for more. Details
8The latest data shows that around 5% of the LNG fleet, amounting to around 24 vessels are laid up
-- But the point to note is that the average age of the laid up vessels is 31 years.
-- The demand for new energy efficient vessels is high.
-- Among new vessels to be delivered this year, there are no uncommitted units.
-- There are only five uncommitted vessels to be delivered in 2018 and six in 2019.
8Europe is the sink market for LNG and latest data shows that the continent will need to absorb a whopping 56 MMT of LNG in 2021 (~39 mt was imported in 2016) which is a ~140% increase from 2016. If it doesn't, if Russia fights hard to retain its share of the piped gas market, he over supply will splash over to the rest of the world, with attendant ripple effects. Some of these additional volumes are however expected to get absorbed by floating regasification projects that have not reached FID yet.
8Recent Sabine Pass dispatch behaviour shows that India is receiving a reasonable chunk of the total cargo. The average journey time for a Sabine Pass cargo is around 22 days and the time taken to India is 29 days. Sabine Pass cargoes are reaching destinations which are further away from India, as the data shows. Japan, South Korea and now China take longer to travel to than India. Some vessels discharging into markets in the Middle East and India have opted to round the Cape of Good Hope rather than pass through Suez.
8In 2000, there were only 43 country-to-country trade routes globally. By 2016, the number had expanded to 255. Of these, 101 routes discharged in China or India.
8The FSRU market has grown steadily over the past years. By the end of 2016 floating regas capacity made up ~15% of total regas capacity, an increase of 5% from 2010. This trend is expected to continue as access to new customers and regasification capacity will remain key in the LNG space. Based on regas capacity under construction and planned, the share of floating regas capacity is expected to make up ~21% by 2021.
Click on Reports for more Details
-- But the point to note is that the average age of the laid up vessels is 31 years.
-- The demand for new energy efficient vessels is high.
-- Among new vessels to be delivered this year, there are no uncommitted units.
-- There are only five uncommitted vessels to be delivered in 2018 and six in 2019.
8Europe is the sink market for LNG and latest data shows that the continent will need to absorb a whopping 56 MMT of LNG in 2021 (~39 mt was imported in 2016) which is a ~140% increase from 2016. If it doesn't, if Russia fights hard to retain its share of the piped gas market, he over supply will splash over to the rest of the world, with attendant ripple effects. Some of these additional volumes are however expected to get absorbed by floating regasification projects that have not reached FID yet.
8Recent Sabine Pass dispatch behaviour shows that India is receiving a reasonable chunk of the total cargo. The average journey time for a Sabine Pass cargo is around 22 days and the time taken to India is 29 days. Sabine Pass cargoes are reaching destinations which are further away from India, as the data shows. Japan, South Korea and now China take longer to travel to than India. Some vessels discharging into markets in the Middle East and India have opted to round the Cape of Good Hope rather than pass through Suez.
8In 2000, there were only 43 country-to-country trade routes globally. By 2016, the number had expanded to 255. Of these, 101 routes discharged in China or India.
8The FSRU market has grown steadily over the past years. By the end of 2016 floating regas capacity made up ~15% of total regas capacity, an increase of 5% from 2010. This trend is expected to continue as access to new customers and regasification capacity will remain key in the LNG space. Based on regas capacity under construction and planned, the share of floating regas capacity is expected to make up ~21% by 2021.
Click on Reports for more Details
The conventional route from Russia's gigantic Yamal LNG terminal to India would have to cover a massive 11,000 km by sea.
8But a new class of LNG vessels are cutting through the ice that can significantly shorten the route to India and of course to Japan, China and Korea.
8Find out more on how these vessels, already hired for delivery from the Yamal LNG terminal, can now bring more LNG to markets around the world, including India
Click on Reports for more Details
8But a new class of LNG vessels are cutting through the ice that can significantly shorten the route to India and of course to Japan, China and Korea.
8Find out more on how these vessels, already hired for delivery from the Yamal LNG terminal, can now bring more LNG to markets around the world, including India
Click on Reports for more Details
The effects of the diplomatic crisis in the Middle East are still being assessed.
8Now, with the UAE blocking all vessels which have previously called at Qatar from docking at its own ports, freight rates for those vessels calling at Qatar are now expected to rise, while buyers are splitting cargoes on Suezmaxes, rather than VLCCs, in order to load separately at both Qatar and the UAE.
8Qatar currently produces around 619,000 bpd of crude oil
Click on Reports for more Details
8Now, with the UAE blocking all vessels which have previously called at Qatar from docking at its own ports, freight rates for those vessels calling at Qatar are now expected to rise, while buyers are splitting cargoes on Suezmaxes, rather than VLCCs, in order to load separately at both Qatar and the UAE.
8Qatar currently produces around 619,000 bpd of crude oil
Click on Reports for more Details
A Rs 280 crore business development opportunity can be emerging as the operator seeks to monetize an onland gas field by drilling six development drilling wells
8An existing Gas Gathering Station will be upgraded
8As part of the plan, a 40 km 10-inch gas pipeline to the GCS will also be built
8A gas compression system will be needed to transport the gas through an existing line to a GAIL trunk line
Click on Reports for more Details
8An existing Gas Gathering Station will be upgraded
8As part of the plan, a 40 km 10-inch gas pipeline to the GCS will also be built
8A gas compression system will be needed to transport the gas through an existing line to a GAIL trunk line
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Hiring of services for transportation of 3000 MT of Propylene Details
8Empanelment of International Law Firms for Oil & Gas Business Details
8Global Expression Of Interest for Hiring of Hydraulic Fracturing Service and Well Activation for Exploratory HPHT and Exploratory/ Appraisal Shallow Wells In NELP-VI Block: KG-ONN-2004/1 in East Godavari District Details
8Procurement of Spares of HVAC System Details
8Corrigendum: Procurement of SCADA System for City Gas Distribution Project at Bengaluru Details
8Supply and Installation of LT Simulation Distillation Analyzer with spares and consumables Details
8Overhauling of Heat Exchangers during shutdown Details
8Carrying out HP Separator jobs in Hydrocracker Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian Oil Corp set to foray into energy storage business Details
8OPEC sees oil market rebalancing at slower pace, says output rises Details
8Wholesale price inflation rises 2.17 per cent year-on-year in May Details
8Crude oil supply growth to outpace rise in consumption in 2018 - IEA Details
8Energy market seen as vulnerable to prolonged Gulf crisis Details
8Petrol pump owners oppose daily revision of fuel prices Details
8Daily fuel price revision: IOC sets up round-the-clock control rooms Details
8Indian oil big-wigs to sign JV for setting up world’s largest refinery in India Details
8Petrol pump dealers call off strike after meeting with Dharmendra Pradhan Details
8Saudi Aramco seeks exclusive talks over India oil refinery stake - Dharmendra Pradhan Details
8India’s oil security at risk, says SEA, here’s why Details
8India BPCL eyes Bina refinery expansion to 310,000 bpd in 4-5 yrs – co exec Details
8LNG hub: India's plan is to become Asia’s pricing hub that could compete with Singapore, Shanghai Details
You can also click on Newsclips for more Details
8Hiring of services for transportation of 3000 MT of Propylene Details
8Empanelment of International Law Firms for Oil & Gas Business Details
8Global Expression Of Interest for Hiring of Hydraulic Fracturing Service and Well Activation for Exploratory HPHT and Exploratory/ Appraisal Shallow Wells In NELP-VI Block: KG-ONN-2004/1 in East Godavari District Details
8Procurement of Spares of HVAC System Details
8Corrigendum: Procurement of SCADA System for City Gas Distribution Project at Bengaluru Details
8Supply and Installation of LT Simulation Distillation Analyzer with spares and consumables Details
8Overhauling of Heat Exchangers during shutdown Details
8Carrying out HP Separator jobs in Hydrocracker Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian Oil Corp set to foray into energy storage business Details
8OPEC sees oil market rebalancing at slower pace, says output rises Details
8Wholesale price inflation rises 2.17 per cent year-on-year in May Details
8Crude oil supply growth to outpace rise in consumption in 2018 - IEA Details
8Energy market seen as vulnerable to prolonged Gulf crisis Details
8Petrol pump owners oppose daily revision of fuel prices Details
8Daily fuel price revision: IOC sets up round-the-clock control rooms Details
8Indian oil big-wigs to sign JV for setting up world’s largest refinery in India Details
8Petrol pump dealers call off strike after meeting with Dharmendra Pradhan Details
8Saudi Aramco seeks exclusive talks over India oil refinery stake - Dharmendra Pradhan Details
8India’s oil security at risk, says SEA, here’s why Details
8India BPCL eyes Bina refinery expansion to 310,000 bpd in 4-5 yrs – co exec Details
8LNG hub: India's plan is to become Asia’s pricing hub that could compete with Singapore, Shanghai Details
You can also click on Newsclips for more Details
The diplomatic split between Qatar and other major middle eastern countries continues to simmer and uncertainty still lingers in the market regarding Qatar’s LNG volumes.
8Since last week other changes have been afoot. Mauritius, Mauritania and the Maldives have now joined the list of countries severing diplomatic ties with Qatar.
8The UAE has upped tensions by banning any airline destined to Qatar using its airspace, plus enforcing rules that it will jail anyone who sympathises with Qatar.
8Late last week however two Qatari gas ships appear to have diverted their original path through the Suez Canal, to now going the long way around the Cape of Good Hope to get into Europe, fuelling speculation they may have received deterrence from the Egyptian-controlled Suez Canal.
8This can well mean more Qatari spot cargoes into Asia and India, putting pressure on prices
8The other main question that remains unanswered is what effect the LNG shipping market will see with Fujairah, an UAE port, prohibiting Qatari ships; Qatari flagged ships; and/or ships coming to or from Qatar from bunkering and anchoring there. Will other Arab ports adopt a similar approach?
Click on Reports for more Details
8Since last week other changes have been afoot. Mauritius, Mauritania and the Maldives have now joined the list of countries severing diplomatic ties with Qatar.
8The UAE has upped tensions by banning any airline destined to Qatar using its airspace, plus enforcing rules that it will jail anyone who sympathises with Qatar.
8Late last week however two Qatari gas ships appear to have diverted their original path through the Suez Canal, to now going the long way around the Cape of Good Hope to get into Europe, fuelling speculation they may have received deterrence from the Egyptian-controlled Suez Canal.
8This can well mean more Qatari spot cargoes into Asia and India, putting pressure on prices
8The other main question that remains unanswered is what effect the LNG shipping market will see with Fujairah, an UAE port, prohibiting Qatari ships; Qatari flagged ships; and/or ships coming to or from Qatar from bunkering and anchoring there. Will other Arab ports adopt a similar approach?
Click on Reports for more Details
As an equipment and service provider, if you believe that the oil & gas industry is a sunset industry, where do you go from here?
8Will you be interested in dropping anchor in another segment of the energy industry or the economy?
8If some opportunities are going to be destroyed, new ones are going to be created.
8The website carries here a full document on where future business development opportunities are going to lie.
8In just four categories (and there are many sub categories) -- food and agriculture; cities; new energy and materials; and health and well-being -- India is projected to spend a massive $ 1.1 trillion.
8The website identifies the 20 largest opportunities which will account for more than 70 percent of this prize.
8There are two ways in which an equipment and service provider can be involved with these futuristic businesses. One way is to become an entrepreneur in an emerging field and the other is to represent companies around the world which are pioneers in these areas and then bring these technologies and equipment to India.
8Some cutting edge technology providers are also identified for those who are interested
8Everyone needs to keep an eye on the future, for the world is changing more rapidly now than ever before.
Click on Reports for more Details
8Will you be interested in dropping anchor in another segment of the energy industry or the economy?
8If some opportunities are going to be destroyed, new ones are going to be created.
8The website carries here a full document on where future business development opportunities are going to lie.
8In just four categories (and there are many sub categories) -- food and agriculture; cities; new energy and materials; and health and well-being -- India is projected to spend a massive $ 1.1 trillion.
8The website identifies the 20 largest opportunities which will account for more than 70 percent of this prize.
8There are two ways in which an equipment and service provider can be involved with these futuristic businesses. One way is to become an entrepreneur in an emerging field and the other is to represent companies around the world which are pioneers in these areas and then bring these technologies and equipment to India.
8Some cutting edge technology providers are also identified for those who are interested
8Everyone needs to keep an eye on the future, for the world is changing more rapidly now than ever before.
Click on Reports for more Details
The latest data seems to indicate that ONGC's $ 5 billion KG-DWN-98/2 development plan is running behind schedule
8ONGC had envisaged the following schedule for development of this project:
-- First Gas : June, 2019
-- First Oil : March, 2020
8An international agency has already estimated that the project is delayed at least up to early 2021
8This website's independent assessment is that if ONGC cannot hurry up the ordering process, more time will elapse and given the treacherous geology and bad weather, completion can get delayed by more than a year and half
8But a March 2020 completion is now unlikely according to this website which closely monitors the KG-DWN-98/1 activity.
Click on Details and Reports for more Details
8ONGC had envisaged the following schedule for development of this project:
-- First Gas : June, 2019
-- First Oil : March, 2020
8An international agency has already estimated that the project is delayed at least up to early 2021
8This website's independent assessment is that if ONGC cannot hurry up the ordering process, more time will elapse and given the treacherous geology and bad weather, completion can get delayed by more than a year and half
8But a March 2020 completion is now unlikely according to this website which closely monitors the KG-DWN-98/1 activity.
Click on Details and Reports for more Details
How is ONGC's $ 2 billion tender for the integrated Sub Sea Production System (SPS) and Subsea Umbilical Riser and Flow (SURF) in the KG-DWN-98/2 project split up into its various components?
The combined tender is going to be made up of the following four components:
8Subsea Production System (SPS)
8Subsea Umbilical Riser and Flowline (SURF)
8Support for the SPS for the entire life of the field
8Rental tools needed for completion purposes
8The website has pieced together the cost of these components.
8Bidders will have to stay as close as is possible to the internal estimates drawn up by ONGC with the help of its consultants
8The website carries here an estimate of what the pricing elements should be for the bidding consortium to be able to win the deal.
Click on Details to find out more Details
The combined tender is going to be made up of the following four components:
8Subsea Production System (SPS)
8Subsea Umbilical Riser and Flowline (SURF)
8Support for the SPS for the entire life of the field
8Rental tools needed for completion purposes
8The website has pieced together the cost of these components.
8Bidders will have to stay as close as is possible to the internal estimates drawn up by ONGC with the help of its consultants
8The website carries here an estimate of what the pricing elements should be for the bidding consortium to be able to win the deal.
Click on Details to find out more Details
What are the timelines for FPSO deployment
FPSO contracting and deployment typically follow the sequence below.
8Technical front-end engineering design
8Bidding and agreement on the commercial terms
8Construction/conversion at the yard, followed by sail-away to location
8Hook-up of the FPSO at the field
8First oil/gas – First oil/gas is achieved once the FPSO has power generation and the systems on-board can be started
8Testing of the systems onboard the FPSO
8Acceptance by client, which officially starts the firm contract period. Acceptance is granted once all the systems are in place and running – both the subsea systems as well as the topside systems – and the oil extraction, processing and water injection carries on uninterrupted for 72 straight hours without incident. Once this is achieved, the FPSO asset is accepted by the
charterer and the firm contract period begins.
8Details are also given on how to manage the vessel conversion process as well as information on Bare Boat Charters and O&M rates
Click on Reports for more Details
FPSO contracting and deployment typically follow the sequence below.
8Technical front-end engineering design
8Bidding and agreement on the commercial terms
8Construction/conversion at the yard, followed by sail-away to location
8Hook-up of the FPSO at the field
8First oil/gas – First oil/gas is achieved once the FPSO has power generation and the systems on-board can be started
8Testing of the systems onboard the FPSO
8Acceptance by client, which officially starts the firm contract period. Acceptance is granted once all the systems are in place and running – both the subsea systems as well as the topside systems – and the oil extraction, processing and water injection carries on uninterrupted for 72 straight hours without incident. Once this is achieved, the FPSO asset is accepted by the
charterer and the firm contract period begins.
8Details are also given on how to manage the vessel conversion process as well as information on Bare Boat Charters and O&M rates
Click on Reports for more Details
For reference purposes, the website carries here the following data related to the Osshore Supply Vessels market
8AHTS 8,000+ bhp – global demand and supply (units) and utilisation rate (%), projected upto 2018
8PSV 2,000+ dwt – global demand and supply (units) and utilisation rate (%), projected upto 2018
8Spot and charter hire rates in South East Asia and India are tabulated as well as are second hand prices of these vessels
8Fleet growth data under different OSV categories is documented as well.
8New building contract data is also given as well as fleet demolition information.
8Order book as percentage of total fleet available is documented
8Cold and warm stacked AHTS and PSV vessels as percentage of total until June, 2017 is given.
8This data will be useful for both buyers and sellers of offshore equipment and services, to arrive at base rates for marine spreads, which is a very large segment of the offshore deployment and operations costs.
8Top AHTS and PSV owners are tabulated here as also the number of vessels they own along with the age of their vessels.
Click on Reports for more Details
8AHTS 8,000+ bhp – global demand and supply (units) and utilisation rate (%), projected upto 2018
8PSV 2,000+ dwt – global demand and supply (units) and utilisation rate (%), projected upto 2018
8Spot and charter hire rates in South East Asia and India are tabulated as well as are second hand prices of these vessels
8Fleet growth data under different OSV categories is documented as well.
8New building contract data is also given as well as fleet demolition information.
8Order book as percentage of total fleet available is documented
8Cold and warm stacked AHTS and PSV vessels as percentage of total until June, 2017 is given.
8This data will be useful for both buyers and sellers of offshore equipment and services, to arrive at base rates for marine spreads, which is a very large segment of the offshore deployment and operations costs.
8Top AHTS and PSV owners are tabulated here as also the number of vessels they own along with the age of their vessels.
Click on Reports for more Details
The Offshore Supply Vessels market is likely to remain in doldrums for some more years, according to latest data.
8The global utilisation rate for AHTS vessels of 8,000+ bhp is expected to rise from 40.8% in 2016 to 46% in 2018F, and
8The global utilisation rate for PSVs of 2,000+ dwt is expected to rise from 41.4% in 2016 to 44.3% in 2018F.
8Even with 5-8% annual demand growth in FY17F and FY18F, utilisation rates are still a long way down from peak utilisation rates prior to 2014 of around 90%.
8Fierce competition is likely to persist, with owners having limited pricing power.
8As a result, we believe that OSV charter rates will not budge from the already-low levels currently.
8In fact, in the first four months of this year, charter rates mostly trended lower sequentially, suggesting that the OSV sector is in the midst of a very long winter.
Click on Reports for more Details
8The global utilisation rate for AHTS vessels of 8,000+ bhp is expected to rise from 40.8% in 2016 to 46% in 2018F, and
8The global utilisation rate for PSVs of 2,000+ dwt is expected to rise from 41.4% in 2016 to 44.3% in 2018F.
8Even with 5-8% annual demand growth in FY17F and FY18F, utilisation rates are still a long way down from peak utilisation rates prior to 2014 of around 90%.
8Fierce competition is likely to persist, with owners having limited pricing power.
8As a result, we believe that OSV charter rates will not budge from the already-low levels currently.
8In fact, in the first four months of this year, charter rates mostly trended lower sequentially, suggesting that the OSV sector is in the midst of a very long winter.
Click on Reports for more Details
The biggest FPSO suppliers in the world are in the process of readying their bids for the FPSO that will be needed for the KG-DWN-98/2 block.
8The FPSO is expected to be based on a VLCC hull, and should be able to store 1.3 mmbbl of crude oil. The FPSO’s mooring system is likely to be technically challenging, as ocean
conditions are harsh with strong winds and waves, even though it is to be moored in relatively shallow waters of about 460m only.
8The FPSO will have an oil processing capacity of 80,000-90,000 bopd (since the peak oil rate is expected to be 77,305 bopd), as well as capacity to handle the peak associated gas production rate of 3.81 mmscfd
8The bid deadline is July 31, 2017 while submission of pre-qualificaion bids was in the first week of June, 2017
8Find out more on the potential bidders for this $ 1 billion plus project?
8Indian companies across this relevant offshore segment should team up with these big guns in the FPSO industry for the final bids
Click on Details for more Details
8The FPSO is expected to be based on a VLCC hull, and should be able to store 1.3 mmbbl of crude oil. The FPSO’s mooring system is likely to be technically challenging, as ocean
conditions are harsh with strong winds and waves, even though it is to be moored in relatively shallow waters of about 460m only.
8The FPSO will have an oil processing capacity of 80,000-90,000 bopd (since the peak oil rate is expected to be 77,305 bopd), as well as capacity to handle the peak associated gas production rate of 3.81 mmscfd
8The bid deadline is July 31, 2017 while submission of pre-qualificaion bids was in the first week of June, 2017
8Find out more on the potential bidders for this $ 1 billion plus project?
8Indian companies across this relevant offshore segment should team up with these big guns in the FPSO industry for the final bids
Click on Details for more Details
The website carries here the details of one international FPSO company which is betting big on the ONGC tender
8It has a strong Indian partner, and both together have begun doing the groundwork for the tender months in advance.
8The combination has strong relationships and it is likely to leverage them while at the same time quoting competitively for the tender
8The Indian company plans to pump in a massive $ 600 million in the FPSO deal should the combination win the contract.
Click on Details for more Details
8It has a strong Indian partner, and both together have begun doing the groundwork for the tender months in advance.
8The combination has strong relationships and it is likely to leverage them while at the same time quoting competitively for the tender
8The Indian company plans to pump in a massive $ 600 million in the FPSO deal should the combination win the contract.
Click on Details for more Details
The other Indian company which is planning to bid aggressively as a JV partner is one with little experience in the oil & gas sector
8But it has deep pockets and is ambitious in garnering a big entry into the oil & gas business.
8It is willing to invest heavily should its consortium win the contract.
8And its ability to invest is what makes it an attractive partner for International FPSO companies
Click on Details for more Details
8But it has deep pockets and is ambitious in garnering a big entry into the oil & gas business.
8It is willing to invest heavily should its consortium win the contract.
8And its ability to invest is what makes it an attractive partner for International FPSO companies
Click on Details for more Details
It is learnt that while keeping the field open, ONGC has tightened the financial and technical qualification criteria for the FPSO project
8It now wants to pre-qualify only those contractors that either own or operate at least one FPSO of minimum 80,000 dwt.
8The contractor should also have leasing, operations and maintenance experience of not less than five years during the past decade
8Clearly, this limits the competition to just a handful of big global FPSO players
8But at the same time, ONGC has become flexible on the kind of JV platform which can bid for the job, making it easier for those who qualify to bid
8There have however been complaints that ONGC continued to insist on bidding conditions which could have easily been relaxed.
Click on Details for more Details
8It now wants to pre-qualify only those contractors that either own or operate at least one FPSO of minimum 80,000 dwt.
8The contractor should also have leasing, operations and maintenance experience of not less than five years during the past decade
8Clearly, this limits the competition to just a handful of big global FPSO players
8But at the same time, ONGC has become flexible on the kind of JV platform which can bid for the job, making it easier for those who qualify to bid
8There have however been complaints that ONGC continued to insist on bidding conditions which could have easily been relaxed.
Click on Details for more Details
What is the bottom bidding price for the FPSO likely to be?
8That seems to be a billion dollar question
8Intense competition is likely to see the final price whittled down below the reserve price
Click on Details for more on what price the winner bidder may have to quote to win this lucrative long term contract Details
8That seems to be a billion dollar question
8Intense competition is likely to see the final price whittled down below the reserve price
Click on Details for more on what price the winner bidder may have to quote to win this lucrative long term contract Details
The global FPSO ownership is evenly spread between leasing companies and the oil companies.
8Independent leasing companies have a total capacity of some 88 units, comprising 65 units in operation, seven units on order, 15 units idled but available for charter, and one unit under repair.
8These units are owned and operated by the independent leasing companies, for the purpose of chartering out to oil companies.
8By comparison, oil companies have a total capacity of 78 units, comprising 61 units in operation, 15 units on order, and 2 units idled.
8These units are specifically for the oil companies’ own use.
8The oil company with the largest number of owned FPSOs is Petrobras, with a total of 26 units, comprising 14 units in operation and 12 more on order. This is followed by CNOOC with a total of 14 units, comprising 12 units in operation and two units available. Total is in third place, with a total of nine units, six in operation and three more on order.
8It is these independent leasing companies which will be bidding for the ONGC contract.
8Leasing companies are quite capable of bidding low for the contract.
8For reference purposes, the website carries here detailed data on the decline of the FPSO industry in the last couple of years and the future business prospects for FPSOs in the coming two years
Click on Details to find out more Details
8Independent leasing companies have a total capacity of some 88 units, comprising 65 units in operation, seven units on order, 15 units idled but available for charter, and one unit under repair.
8These units are owned and operated by the independent leasing companies, for the purpose of chartering out to oil companies.
8By comparison, oil companies have a total capacity of 78 units, comprising 61 units in operation, 15 units on order, and 2 units idled.
8These units are specifically for the oil companies’ own use.
8The oil company with the largest number of owned FPSOs is Petrobras, with a total of 26 units, comprising 14 units in operation and 12 more on order. This is followed by CNOOC with a total of 14 units, comprising 12 units in operation and two units available. Total is in third place, with a total of nine units, six in operation and three more on order.
8It is these independent leasing companies which will be bidding for the ONGC contract.
8Leasing companies are quite capable of bidding low for the contract.
8For reference purposes, the website carries here detailed data on the decline of the FPSO industry in the last couple of years and the future business prospects for FPSOs in the coming two years
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Civil works at Drill Site KGDA and KGDB in North Bank area Details
8Corrigendum: Procurement of Stationary CNG Storage Cascades for CNG DBS and Online Stations Details
8Supply of Bare and Coated Carbon Steel Line pipes Details
8Upkeep of plant units - OM & S Phase 1, 2 & 3 Details
8Overhauling of Columns in Hydrocracker Unit during shutdown Details
8Bid Document for Additional Lean Gas Compressor at Uran Plant Details
8Bid Package for balance Work For Pipeline Replacement Project Details
8Bid package for Subsea Wells and Additional Pipeline Project Details
8Procurement of Pressure Gauges and Temperature Gauges for Cauvery Basin Details
8HDD and Associated Works for Paradip and Bhubaneswar Spur Pipeline of Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil edges up on Saudi pledge to make real supply cuts Details
8India may face steep increase in crude oil import bill current fiscal Details
8Israel's Navitas Petroleum plans Tel Aviv share sale Details
8Here are five issues PM Modi and Trump might discuss when they meet Details
8ONGC, HPCL working together will be a challenge Details
8Global energy demand stumbles for third year - BP Details
8GST to have negative impact on oil and gas industry: Report Details
8Daily fuel price change: Indian Oil steps up effort to placate dealers Details
8Blame game: ONGC, DGH deny prior knowledge of RIL drawing gas Details
8Bangladesh seeks first LNG supply deals via Swiss commodity merchant Details
8‘Automate all 223 fuel pumps in Mumbai’ Details
8Union oil minister Dharmendra Pradhan steps in to ease friction over fuel price Details
8Oil prices fall on OPEC output increase, rising U.S. crude stocks Details
You can also click on Newsclips for more Details
8Civil works at Drill Site KGDA and KGDB in North Bank area Details
8Corrigendum: Procurement of Stationary CNG Storage Cascades for CNG DBS and Online Stations Details
8Supply of Bare and Coated Carbon Steel Line pipes Details
8Upkeep of plant units - OM & S Phase 1, 2 & 3 Details
8Overhauling of Columns in Hydrocracker Unit during shutdown Details
8Bid Document for Additional Lean Gas Compressor at Uran Plant Details
8Bid Package for balance Work For Pipeline Replacement Project Details
8Bid package for Subsea Wells and Additional Pipeline Project Details
8Procurement of Pressure Gauges and Temperature Gauges for Cauvery Basin Details
8HDD and Associated Works for Paradip and Bhubaneswar Spur Pipeline of Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil edges up on Saudi pledge to make real supply cuts Details
8India may face steep increase in crude oil import bill current fiscal Details
8Israel's Navitas Petroleum plans Tel Aviv share sale Details
8Here are five issues PM Modi and Trump might discuss when they meet Details
8ONGC, HPCL working together will be a challenge Details
8Global energy demand stumbles for third year - BP Details
8GST to have negative impact on oil and gas industry: Report Details
8Daily fuel price change: Indian Oil steps up effort to placate dealers Details
8Blame game: ONGC, DGH deny prior knowledge of RIL drawing gas Details
8Bangladesh seeks first LNG supply deals via Swiss commodity merchant Details
8‘Automate all 223 fuel pumps in Mumbai’ Details
8Union oil minister Dharmendra Pradhan steps in to ease friction over fuel price Details
8Oil prices fall on OPEC output increase, rising U.S. crude stocks Details
You can also click on Newsclips for more Details
The website carries here the full details of GSPL India Gasnet Ltd's Barmer-Pali gas pipeline, which is meant to ferry gas from Cairn India's Raageshwari terminal
8A map of the pipeline is carried here and so is the cost
8The name of the basic engineering firm is also there
8As also other project details
Click on Reports for more Details
8A map of the pipeline is carried here and so is the cost
8The name of the basic engineering firm is also there
8As also other project details
Click on Reports for more Details
Battery storage pack costs are already economical for many commercial customers
8Storage is playing a bigger role in energy markets, moving from niche uses such as grid balancing to broader ones such as replacing conventional power generators.
8The idea of providing solar power to enable households to make and consue their own power on demand, instead of exporting power to the grid, is beginning to be an attractive opportunity.
8Some customers may actually go completely off the grid, though not within the next few years.
8There are enormous implications of such developments not just for power companies and utilities but also for the oil and gas industry.
8There are business development opportunities in this massive market for third parties
8Those looking for new businesses must access this opportunity carefully as there is ample scope here
Click on Reports for more Details
8Storage is playing a bigger role in energy markets, moving from niche uses such as grid balancing to broader ones such as replacing conventional power generators.
8The idea of providing solar power to enable households to make and consue their own power on demand, instead of exporting power to the grid, is beginning to be an attractive opportunity.
8Some customers may actually go completely off the grid, though not within the next few years.
8There are enormous implications of such developments not just for power companies and utilities but also for the oil and gas industry.
8There are business development opportunities in this massive market for third parties
8Those looking for new businesses must access this opportunity carefully as there is ample scope here
Click on Reports for more Details
The website also carries here a global map of countries where cost of renewable energy without subsidies is at parity with fossil fuel.
8In large tracks of the globe such parity has been established
8India along with China are expected to reach parity by 2025
8The cost of production of wind energy is expected fall dramatically too between now and 2019
8For reference purposes the extent of the cost fall, and how its various cost components, such as blades, towers, electricals, drivetrain, controls, BOP, services, digital and life optimization, are going to fall is also tabulated.
Click on Reports for more Details
8In large tracks of the globe such parity has been established
8India along with China are expected to reach parity by 2025
8The cost of production of wind energy is expected fall dramatically too between now and 2019
8For reference purposes the extent of the cost fall, and how its various cost components, such as blades, towers, electricals, drivetrain, controls, BOP, services, digital and life optimization, are going to fall is also tabulated.
Click on Reports for more Details
Find out more on:
8When will the Kochi expansion be completed?
8What is the exact impact of GST on BPCL, HPCL and IOC?
8Will a price hike likely to mitigate the impact of an adverse GST?
8Find out more on how daily fuel price revisions will impact the earnings of OMCs
8How are private players eating into the market share of OMCs?
Click on Reports for more Details
8When will the Kochi expansion be completed?
8What is the exact impact of GST on BPCL, HPCL and IOC?
8Will a price hike likely to mitigate the impact of an adverse GST?
8Find out more on how daily fuel price revisions will impact the earnings of OMCs
8How are private players eating into the market share of OMCs?
Click on Reports for more Details
For reference purposes, the website carries here the full details of the Gas Purchase and Sales Agreements of Petronet LNG Ltd.
8There is an emerging gap between purchases and onward take or pay agreements
8Meanwhile, PLL's capacity is in the process of going up to 15 MMTPA in the ensuing months while a contract has already been awarded to raise capacity to 17.5 MMTPA
8Also find out the latest status of the Kochi-Mangalore pipeline as well as the fate of the 1.44 MMTPA LNG offtake agreement with Exxon Mobil
Click on Reports for more Details
8There is an emerging gap between purchases and onward take or pay agreements
8Meanwhile, PLL's capacity is in the process of going up to 15 MMTPA in the ensuing months while a contract has already been awarded to raise capacity to 17.5 MMTPA
8Also find out the latest status of the Kochi-Mangalore pipeline as well as the fate of the 1.44 MMTPA LNG offtake agreement with Exxon Mobil
Click on Reports for more Details
LNG spot price and naphtha price differentials have widened in India ever since January on accounting of increasing oil prices and falling LNG prices
8According to data carried here by this website, the differential was non-existent in January but has widened in April and there is still a reasonable gap of late even though oil prices are on the decline
8Spot LNG prices were above the $9/mmbtu level in January but has fallen rapidly since, thereby ensuring that the differential between the two competing fuels remain high.
8This is a good time for suppliers to push through gas supplies to industrial users with dual-use furnaces.
Click on Reports for more Details
8According to data carried here by this website, the differential was non-existent in January but has widened in April and there is still a reasonable gap of late even though oil prices are on the decline
8Spot LNG prices were above the $9/mmbtu level in January but has fallen rapidly since, thereby ensuring that the differential between the two competing fuels remain high.
8This is a good time for suppliers to push through gas supplies to industrial users with dual-use furnaces.
Click on Reports for more Details
ONGC's big onshore oil & gas projects seem to be running out of quality bidders.
8Well known LSTK contractors are staying away and the field has been taken over by low cost players.
8Big offshore contractors such as Technip, Afcons or even L&T seem to be staying away.
8There is concern over this in ONGC and steps are soon to be taken to coax and cajole the big guys to come back.
Click on Details for more on ONGC's latest strategy. Details
8Well known LSTK contractors are staying away and the field has been taken over by low cost players.
8Big offshore contractors such as Technip, Afcons or even L&T seem to be staying away.
8There is concern over this in ONGC and steps are soon to be taken to coax and cajole the big guys to come back.
Click on Details for more on ONGC's latest strategy. Details
The tender for ONGC's Group Gathering Stations cum Central Tank Farms in North Santhal, South Santhal, Sonhasan and North Kadi in the Mehsana asset saw a big variation in quoted rates, causing some people to wander whether ONGC had correctly transmitted the scope of work to the bidders.
8The rate differential among a bunch of just five bidders were extremely high, causing concern within the company of why this was so.
8Clearly, some companies were bidding very low and this in turn has opened up the possibility of sub-standard work by the lowest bidder
Click on Details for more Details
8The rate differential among a bunch of just five bidders were extremely high, causing concern within the company of why this was so.
8Clearly, some companies were bidding very low and this in turn has opened up the possibility of sub-standard work by the lowest bidder
Click on Details for more Details
The fact that the L-1 bidder quoted a price that was as much as 40% lower than the reserve price of ONGC for the tender for GGS cum Central Tank Farms is a subject of discussion both in the industry and ONGC.
8Clearly, the reserve price formulation was incorrect
8This has now promoted a review of all onshore jobs by the Onshore Engineering Services
8The methodology of arriving at the reserve price will now be reviewed and global benchmarks as well global best practices standards will have to set both for project description as well as cost benchmarking.
8The old method of hiring a local consultant, as was the case with this project, and then conducting a price build-up will be discarded and a better way of price discovery will be adopted
8A business development opportunity will be available as a result
Click on Details for more as well as for key contacts Details
8Clearly, the reserve price formulation was incorrect
8This has now promoted a review of all onshore jobs by the Onshore Engineering Services
8The methodology of arriving at the reserve price will now be reviewed and global benchmarks as well global best practices standards will have to set both for project description as well as cost benchmarking.
8The old method of hiring a local consultant, as was the case with this project, and then conducting a price build-up will be discarded and a better way of price discovery will be adopted
8A business development opportunity will be available as a result
Click on Details for more as well as for key contacts Details
Has the L-1 bidder for ONGC's tender for GGS cum Central Tank Farms bitten off more than what it can chew?
8This was a question that is likely to be investigated before the contract is awarded to him by ONGC, according to well placed industry sources.
8The bidder already has a job in hand from ONGC and questions are asked on whether it will have the capability of executing the job.
Click on Details to know more Details
8This was a question that is likely to be investigated before the contract is awarded to him by ONGC, according to well placed industry sources.
8The bidder already has a job in hand from ONGC and questions are asked on whether it will have the capability of executing the job.
Click on Details to know more Details
How is rate reasonability established in ONGBr unless it is a specific product, where the last purchase rate becomes the benchmark rate?
8In complex projects, where there are no previous benchmarks or where such benchmarks are not fully comparable, a range of yardsticks are used, all not entirely transparent
Click on Details to find out more Details
8In complex projects, where there are no previous benchmarks or where such benchmarks are not fully comparable, a range of yardsticks are used, all not entirely transparent
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Gas sale for GGS Jambusar in Ankleshwar Asset Details
8Supply of Pipes for Laying Heat Traced Pipeline Project at refinery Details
8Miscellaneous Civil and Mechanical Works at Raipur LPG Plant Details
8Supply of Fresh Catalyst for FCCU at refinery Details
8Route Survey and Allied Works for City Gas Distribution Projects Details
8 Conducting Risk Assessment of Tripura Pipeline System including Lakwa Terminal and proposed new pipeline Details
8Carrying out Civil Works at GAIL Terminal Details
8Supply of Corrosion Inhibitor in refinery Details
8Providing Services for Driving, Operating and up-keeping of Mobile Oil Spill Recovery Unit and Mainline Emergency Equipments Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices driven up by futures bets, but market remains bloated Details
8India's fuel demand rose 5.4 per cent year-on-year in May: Government Details
8Crude oil, fuel shipping costs from Qatar set to rise on port ban Details
8Daily fuel price revision: Crucial meet tomorrow between oil firms, dealers Details
8Fuel demand rose 5.4 per cent y/y in May: Government Details
8Saudi to limit July oil volumes to Asia, slash US volumes: Reports Details
8Now, get daily fuel prices on a phone app Details
8Daily revision of oil prices won’t hurt petrol pump dealers: HPCL Details
8Steep increase likely in crude oil import bill Details
8India's industrial production growth slows to 3.1 per cent in April Details
8US opts out of G7 pledge committing to Paris climate accord Details
8Gaushalas to have their own bio-gasification equipment: Piyush Goyal Details
You can also click on Newsclips for more Details
8Gas sale for GGS Jambusar in Ankleshwar Asset Details
8Supply of Pipes for Laying Heat Traced Pipeline Project at refinery Details
8Miscellaneous Civil and Mechanical Works at Raipur LPG Plant Details
8Supply of Fresh Catalyst for FCCU at refinery Details
8Route Survey and Allied Works for City Gas Distribution Projects Details
8 Conducting Risk Assessment of Tripura Pipeline System including Lakwa Terminal and proposed new pipeline Details
8Carrying out Civil Works at GAIL Terminal Details
8Supply of Corrosion Inhibitor in refinery Details
8Providing Services for Driving, Operating and up-keeping of Mobile Oil Spill Recovery Unit and Mainline Emergency Equipments Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices driven up by futures bets, but market remains bloated Details
8India's fuel demand rose 5.4 per cent year-on-year in May: Government Details
8Crude oil, fuel shipping costs from Qatar set to rise on port ban Details
8Daily fuel price revision: Crucial meet tomorrow between oil firms, dealers Details
8Fuel demand rose 5.4 per cent y/y in May: Government Details
8Saudi to limit July oil volumes to Asia, slash US volumes: Reports Details
8Now, get daily fuel prices on a phone app Details
8Daily revision of oil prices won’t hurt petrol pump dealers: HPCL Details
8Steep increase likely in crude oil import bill Details
8India's industrial production growth slows to 3.1 per cent in April Details
8US opts out of G7 pledge committing to Paris climate accord Details
8Gaushalas to have their own bio-gasification equipment: Piyush Goyal Details
You can also click on Newsclips for more Details
Should ONGC look at the concept of a floating hotel for its offshore crew?
8These slow speed service hotels come with DP3 capability fitted with a ‘walk-to-work’ gangway that enables transfer of workers between the offshore platforms and accommodation vessel.
8The cost benefits of such accommodations against either ferrying the crew out of shore or stationing them in offshore platforms will have to be looked into
8One big advantage of such floating hotels is that they offer better accommodation than offshore platforms.
8The building and operation of such hotels can be handed over to specialized global agencies
Click on Repots for more Details
8These slow speed service hotels come with DP3 capability fitted with a ‘walk-to-work’ gangway that enables transfer of workers between the offshore platforms and accommodation vessel.
8The cost benefits of such accommodations against either ferrying the crew out of shore or stationing them in offshore platforms will have to be looked into
8One big advantage of such floating hotels is that they offer better accommodation than offshore platforms.
8The building and operation of such hotels can be handed over to specialized global agencies
Click on Repots for more Details
Should ONGC hand over the entire operations of its offshore marine spreads, including maintenance, to a third party?
8It is already well established that private charter hires are more efficient than in-house ONGC assets.
8A set of established efficiency parameters can be adopted, based on which an ICB can be floated.
8Click on Reports to know more on how third parties handle such operations much better than in-house company crews. Details
8It is already well established that private charter hires are more efficient than in-house ONGC assets.
8A set of established efficiency parameters can be adopted, based on which an ICB can be floated.
8Click on Reports to know more on how third parties handle such operations much better than in-house company crews. Details
The looming cancellation of the ONGC contract,without payment of any compensation, will be another blow to the enfeebled Punj Lloyd Ltd.
8The company still has a lot of capability but it has been unable to handle confrontations with some of its key clients, including ONGC.
8As of May 2017, the company says it has an order backlog of $ 2.86 billion dollars
8It has 6200 employees working for it.
8However, as per an an organizational chart carried here by this website, the company has a highly centralized management system, with chairman Atul Punj keeping direct responsibility for government relations, key administrative decisions as well as all of the company's diversifications into defence and aero space as well its infrastructure manufacturing division and associate companies without an intermediary management rung.
8The company has many strengths, and it is a market leader in some segments, particularly in pipelines and tankages.
8No doubt India provides a massive opportunity for a company like Punj Lloyd with embedded expertise developed over many years but if the ship is not steered well, it can well go off course.
Click on Reports to find out the latest on Punj Lloyd's various activities. Details
8The company still has a lot of capability but it has been unable to handle confrontations with some of its key clients, including ONGC.
8As of May 2017, the company says it has an order backlog of $ 2.86 billion dollars
8It has 6200 employees working for it.
8However, as per an an organizational chart carried here by this website, the company has a highly centralized management system, with chairman Atul Punj keeping direct responsibility for government relations, key administrative decisions as well as all of the company's diversifications into defence and aero space as well its infrastructure manufacturing division and associate companies without an intermediary management rung.
8The company has many strengths, and it is a market leader in some segments, particularly in pipelines and tankages.
8No doubt India provides a massive opportunity for a company like Punj Lloyd with embedded expertise developed over many years but if the ship is not steered well, it can well go off course.
Click on Reports to find out the latest on Punj Lloyd's various activities. Details
For those interested in global costing benchmarks for oil and gas production, the website carries here a lot of details, including:
8Country-wise cost of production and further break-up in terms of:
-- Capex
-- Production cost
-- Administration
-- Gross taxes
8Wide country-wise variations are noticed
8Then again, credit benchmark consensus, both sovereign and specific to the oil and gas industry, for each country is tabluated and it is seen that the latter is significantly higher than the sovereign ratings, indicating the risk that the oil & gas industry currently carries
8These datasets are interesting reading for the oil & gas industry as well as for the banking sector
Click on Reports for more Details
8Country-wise cost of production and further break-up in terms of:
-- Capex
-- Production cost
-- Administration
-- Gross taxes
8Wide country-wise variations are noticed
8Then again, credit benchmark consensus, both sovereign and specific to the oil and gas industry, for each country is tabluated and it is seen that the latter is significantly higher than the sovereign ratings, indicating the risk that the oil & gas industry currently carries
8These datasets are interesting reading for the oil & gas industry as well as for the banking sector
Click on Reports for more Details
The website is always collecting interesting data sets which are of relevance to the oil & gas industry.
8Latest data released by a Japanese agency says that the share of natural gas will go up by a mere 2% between now and 2040
8In contrast, the share of coal will not go down down but up, from 33% to 35%
8Then again, India's attempt at energy sufficiency is unlikely to show much results and it will continue to be heavily depended on imported gas and oil in 2040
8Even by 2040, India' energy consumption will remain way behind per capital energy consumption, meaning that its appetite for energy will grow well after 2040
Click on Reports for more Details
8Latest data released by a Japanese agency says that the share of natural gas will go up by a mere 2% between now and 2040
8In contrast, the share of coal will not go down down but up, from 33% to 35%
8Then again, India's attempt at energy sufficiency is unlikely to show much results and it will continue to be heavily depended on imported gas and oil in 2040
8Even by 2040, India' energy consumption will remain way behind per capital energy consumption, meaning that its appetite for energy will grow well after 2040
Click on Reports for more Details
Oil and Natural Gas Corporation Limited (ONGC) recently needed to drill a minimum of 300 m [980 ft] through a volcanic dike formation.
8In an offset well, the operator encountered high variation in unconfined compressive strength (UCS) throughout the section -- in some places as high as 33,000 psi [228 MPa].
8While drilling the offset well, nine bits were used to penetrate through 550 m [1,804 ft] of Mesozoic formation with an average ROP of 0.5 m/h [1.6 ft/h].
8This resulted in high drilling costs.
8Moving forward, ONGC needed to cut costs in order to drill the deepest offshore HT well
Find out more on what ONGC did to cut costs.Click on Report. Details
8In an offset well, the operator encountered high variation in unconfined compressive strength (UCS) throughout the section -- in some places as high as 33,000 psi [228 MPa].
8While drilling the offset well, nine bits were used to penetrate through 550 m [1,804 ft] of Mesozoic formation with an average ROP of 0.5 m/h [1.6 ft/h].
8This resulted in high drilling costs.
8Moving forward, ONGC needed to cut costs in order to drill the deepest offshore HT well
Find out more on what ONGC did to cut costs.Click on Report. Details
8While Henry Hub prices in the US are low, natural gas prices to commercial customers in the US are much higher.
-- Pipeline costs, last mile delivery and taxes add up a significant chunk to the basic cost, as it does in India.Click on Report for more.
-- Then again, is it possible to find use of gas in buildings?
-- The data from the US does not show encouraging results.
8Find out more on how new technology is reducing the cost of deepwater pipeline inspection cost
-- Even pinhole corrosions are now accurately identified
-- Access case histories of how new technology is bringing about radical change
-- If you are a business development agent or manager, you may want to look at representing some of these companies in India .Click on Report for more.
8The website carries here the latest technologies, equipments and services in the pipeline segment and how they are making it easier to handle fault detection, operations, laying and maintenance of pipelines.
Find out more by clicking on our Reports section Details
-- Pipeline costs, last mile delivery and taxes add up a significant chunk to the basic cost, as it does in India.Click on Report for more.
-- Then again, is it possible to find use of gas in buildings?
-- The data from the US does not show encouraging results.
8Find out more on how new technology is reducing the cost of deepwater pipeline inspection cost
-- Even pinhole corrosions are now accurately identified
-- Access case histories of how new technology is bringing about radical change
-- If you are a business development agent or manager, you may want to look at representing some of these companies in India .Click on Report for more.
8The website carries here the latest technologies, equipments and services in the pipeline segment and how they are making it easier to handle fault detection, operations, laying and maintenance of pipelines.
Find out more by clicking on our Reports section Details
8Now that GAIL is keen on bringing US LNG cargoes to India, it is time for Indian buyers to be familiar with US price and specification guidelines for US gas.Click on Report for more.
8RIL has become the world's second largest paraxylene producer in the world.Click on Report for more.
8The first generation of bio fuels did not take off in India but there is increasing excitement that the second generation of biofuels from agricultural residue can provide millions of tonnes of fuels. Click on Report for more.
8The central government has appointed points persons for the oil and gas industry to examine representations from the oil & gas industry on the impending GST rollout. Get their names here.Click on Report for more.
8Gazprom is working hard to cater to the gas markets in China and Asia Pacific. Find out more here.Click on Report.
8There as an India pipeline summit coming up soon in New Delhi, find out more.
Click on Reports to know more on these topics Details
8RIL has become the world's second largest paraxylene producer in the world.Click on Report for more.
8The first generation of bio fuels did not take off in India but there is increasing excitement that the second generation of biofuels from agricultural residue can provide millions of tonnes of fuels. Click on Report for more.
8The central government has appointed points persons for the oil and gas industry to examine representations from the oil & gas industry on the impending GST rollout. Get their names here.Click on Report for more.
8Gazprom is working hard to cater to the gas markets in China and Asia Pacific. Find out more here.Click on Report.
8There as an India pipeline summit coming up soon in New Delhi, find out more.
Click on Reports to know more on these topics Details
The possibility of a Saudi Arabian invasion of Qatar cannot be ruled out, according to regional security specialists, as the geo-political conflict between Saudi Arabia, UAE and Egypt on one hand and Qatar on the other comes to a head.
8Qatar has its backers in Iran and Turkey, and both have offered to supply troops if Saudi Arabia were to carry out an invasion.
8If an actual confrontation occurs, it is quite likely that Qatar's LNG business, the largest in the world, will be affected.
8And that does not augur well for India, as the bulk of its contracted LNG comes from Qatar and a disruption in the supply line will create havoc down the line in those industries dependent on imported LNG.
8In an over supplied situation, spot cargoes can plug the gap but not to the fullest extent.
8India has always looked to diversifying its oil supplies fearing political risk in the Middle East but has not thought the same way when it comes to sourcing gas.
8Policy makers must keep this firmly in mind.
Click on Details to find out more Details
8Qatar has its backers in Iran and Turkey, and both have offered to supply troops if Saudi Arabia were to carry out an invasion.
8If an actual confrontation occurs, it is quite likely that Qatar's LNG business, the largest in the world, will be affected.
8And that does not augur well for India, as the bulk of its contracted LNG comes from Qatar and a disruption in the supply line will create havoc down the line in those industries dependent on imported LNG.
8In an over supplied situation, spot cargoes can plug the gap but not to the fullest extent.
8India has always looked to diversifying its oil supplies fearing political risk in the Middle East but has not thought the same way when it comes to sourcing gas.
8Policy makers must keep this firmly in mind.
Click on Details to find out more Details
Well placed ONGC sources said that a big war of words has begun between Punj Lloyd Ltd (PLL) and ONGC over the delay of more than four years in the construction of the Dahej-Hazira naphtha pipeline.
8PLL is the EPC contractor but the pipeline could not be completed as the Right of Way (ROW) has not been obtained by ONGC.
8The cash strapped PLL has demanded a compensation for the delay and while ONGC had initially recognized the fact that it needs to come up with a compensation package, it has now backed out of it.
8Eventually matters have come to a confrontation between the two parties, and ONGC is now moving to cancel the contract by brushing aside other considerations, including an opinion from its own legal department that it cannot unilaterally cancel the contract, PLL sources said.
Click on Details for more Details
8PLL is the EPC contractor but the pipeline could not be completed as the Right of Way (ROW) has not been obtained by ONGC.
8The cash strapped PLL has demanded a compensation for the delay and while ONGC had initially recognized the fact that it needs to come up with a compensation package, it has now backed out of it.
8Eventually matters have come to a confrontation between the two parties, and ONGC is now moving to cancel the contract by brushing aside other considerations, including an opinion from its own legal department that it cannot unilaterally cancel the contract, PLL sources said.
Click on Details for more Details
Well placed sources said that the Dahej-Hazira naphtha pipeline will come up as a business development opportunity subsequent to the cancellation of the Punj Lloyd contract.
8But fed up with the problems surrounding the pipeline, ONGC will not longer handle the project.
8Find out more on the two-part contract package that a new tender is likely to seek and which agency will be handling it from the owner side.
8Also find out on the kind of prices that are likely to be elicited for the two parts of the contract.
Click on Details to find out more Details
8But fed up with the problems surrounding the pipeline, ONGC will not longer handle the project.
8Find out more on the two-part contract package that a new tender is likely to seek and which agency will be handling it from the owner side.
8Also find out on the kind of prices that are likely to be elicited for the two parts of the contract.
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Qualification of Vendors for Early Production System on Hire Basis along with Operation and Maintenance Details
8Supply of Light Fuel Oil and Heavy Fuel Oil Strainers Details
8Supply, installation, testing and commissioning of ICCP System for a Gas Company Details
8Supply, Installation,Testing and Commissioning of Mass Flow Meters Details
8Supply of Control Valves at refinery Details
8Supply of Gas Analysis Apparatus at refinery Details
8Supply of Piston Ring and Rider Ring of Reciprocating Compressor Details
8Supply of Anti-Foam for Coke Drums of delayed Coker Unit Details
8Overhauling of High Pressure Heat Exchanger during shutdown of Hydrocracker Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Crude oil rises as Nigerian pipeline leak overshadows supply worries Details
837 returns instead of 13: One of the many challenges threatening GST rollout Details
8Global LNG prices stable as more supply surfaces in Asia-Pacific Details
8Macquarie to acquire Cargill's North American power, gas business Details
8US FERC wins legal challenge in Total natural gas market manipulation case Details
8Coal India will continue to be one entity: Piyush Goyal Details
8US natural gas exports to offer hedge against Russia: Energy Secretary Rick Perry Details
8Qatar Petroleum says production not impacted by Gulf diplomatic crisis Details
8Gulf countries assure India of welfare of diaspora amid Qatar crisis Details
8Indian oil terminal to be dedicated to people of HP in 2018: Dharmendra Pradhan Details
8ONGC keen to buy HPCL, may cost about Rs 42,254 crore Details
8Oil firms set up system for smooth daily fuel price change Details
8Petrol pump dealers seek more time for daily price revision Details
8Petrol pumps to adopt 'no purchase' move as government readies to revise oil prices daily Details
8Govt lowers GST rates for 66 items, eases small business rules Details
You can also click on Newsclips for more Details
8Qualification of Vendors for Early Production System on Hire Basis along with Operation and Maintenance Details
8Supply of Light Fuel Oil and Heavy Fuel Oil Strainers Details
8Supply, installation, testing and commissioning of ICCP System for a Gas Company Details
8Supply, Installation,Testing and Commissioning of Mass Flow Meters Details
8Supply of Control Valves at refinery Details
8Supply of Gas Analysis Apparatus at refinery Details
8Supply of Piston Ring and Rider Ring of Reciprocating Compressor Details
8Supply of Anti-Foam for Coke Drums of delayed Coker Unit Details
8Overhauling of High Pressure Heat Exchanger during shutdown of Hydrocracker Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Crude oil rises as Nigerian pipeline leak overshadows supply worries Details
837 returns instead of 13: One of the many challenges threatening GST rollout Details
8Global LNG prices stable as more supply surfaces in Asia-Pacific Details
8Macquarie to acquire Cargill's North American power, gas business Details
8US FERC wins legal challenge in Total natural gas market manipulation case Details
8Coal India will continue to be one entity: Piyush Goyal Details
8US natural gas exports to offer hedge against Russia: Energy Secretary Rick Perry Details
8Qatar Petroleum says production not impacted by Gulf diplomatic crisis Details
8Gulf countries assure India of welfare of diaspora amid Qatar crisis Details
8Indian oil terminal to be dedicated to people of HP in 2018: Dharmendra Pradhan Details
8ONGC keen to buy HPCL, may cost about Rs 42,254 crore Details
8Oil firms set up system for smooth daily fuel price change Details
8Petrol pump dealers seek more time for daily price revision Details
8Petrol pumps to adopt 'no purchase' move as government readies to revise oil prices daily Details
8Govt lowers GST rates for 66 items, eases small business rules Details
You can also click on Newsclips for more Details
Deep Industries has issued a press release on a story published by this website on the possibility of a blacklisting of the company on account of the submission of what is alleged to be misleading documentation while winning a couple of ONGC contracts.
8"In connection with various queries we are receiving from financial community with regard with the news item "Deep Industries in toruble-I: Move to blacklist company and Deep Industries in trouble-II: Tug of war on" appearing on website www.indianptroplus, the company would like to clarify as follows:
8"The company has received a show cause notice from ONGC pertaining to certain allegations made in respect of ongoing contracts. The company sought various documents from ONGC based on which allegations are made. ONGC's response is awaited on the same".
Click on Reports Details
8"In connection with various queries we are receiving from financial community with regard with the news item "Deep Industries in toruble-I: Move to blacklist company and Deep Industries in trouble-II: Tug of war on" appearing on website www.indianptroplus, the company would like to clarify as follows:
8"The company has received a show cause notice from ONGC pertaining to certain allegations made in respect of ongoing contracts. The company sought various documents from ONGC based on which allegations are made. ONGC's response is awaited on the same".
Click on Reports Details
What is the latest status on Gujarat State Petronet Ltd?
8In the one to two year perspective, the outlook is not too bright.
8There was a temporary slip up in RasGas supplies and this has lead to a volume drop recently.
8Then again, RIL's commissioning of its Petcoke gasification project will mean a decline in long term volumes.
8But there will be volume gains from the start of the Swan Energy's proposed LNG terminal in Jafrabad as and when that happens. It is learnt that 50% of that LNG's capacity has already been booked.
8GSPL's 25% stake in Gujarat Gas, a CGD company, will also see traction as there is a boom in the CGD industry
8Tariff hikes are expected too on GSPL's pipeline network soon of around 15%
8Beyond 2020, secular increase in volumes and tariffs are likely to push growth
Click on Reports for more Details
8In the one to two year perspective, the outlook is not too bright.
8There was a temporary slip up in RasGas supplies and this has lead to a volume drop recently.
8Then again, RIL's commissioning of its Petcoke gasification project will mean a decline in long term volumes.
8But there will be volume gains from the start of the Swan Energy's proposed LNG terminal in Jafrabad as and when that happens. It is learnt that 50% of that LNG's capacity has already been booked.
8GSPL's 25% stake in Gujarat Gas, a CGD company, will also see traction as there is a boom in the CGD industry
8Tariff hikes are expected too on GSPL's pipeline network soon of around 15%
8Beyond 2020, secular increase in volumes and tariffs are likely to push growth
Click on Reports for more Details
GAIL faces a the threat of a near wipeout of its profits from its US shale gas commitments.
8Latest data seems to show that it can lose as much as 20% of its profits for every $ 1/mmbtu loss in its US commitments
8Currently, US shale gas is about $ 2/mmbtu more expensive than prevailing spot prices.
8This tantamount to a 40% loss of profit
8Then again, the worse case projection is a $ 3/mmbtu loss, and this will mean a wipe out of up to 60% of its profit margin.
8To make matters worse, the margins in the LPG and petrochemical segments are slowing down due to a large expansion of global capacities.
8Gas transmission volumes are growing but utilization rates are still less than 50%
8So hang in for a rough ride with GAIL.
8This website will keep you posted
Click on Reports for more Details
8Latest data seems to show that it can lose as much as 20% of its profits for every $ 1/mmbtu loss in its US commitments
8Currently, US shale gas is about $ 2/mmbtu more expensive than prevailing spot prices.
8This tantamount to a 40% loss of profit
8Then again, the worse case projection is a $ 3/mmbtu loss, and this will mean a wipe out of up to 60% of its profit margin.
8To make matters worse, the margins in the LPG and petrochemical segments are slowing down due to a large expansion of global capacities.
8Gas transmission volumes are growing but utilization rates are still less than 50%
8So hang in for a rough ride with GAIL.
8This website will keep you posted
Click on Reports for more Details
