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Jun 2016
Of the seven new standard sized urea-ammonia units units that are being set up, six of them are now coming up with full government funding.
8Contracts have been awarded for two units.
8And within the next one-and-half years, the website predicts from movement on the ground that contracts for construction of all seven units are likely to awarded.
8In all, 9 MMTPA of new urea capacity will be erected in India within the next three to five years.
8This is good news for gas suppliers as additional demand for 17 mmscmd of gas is to be created in the process.
8This can keep a 5 MMTPA LNG gasification unit running at full capacity for an entire year.
Click on Details for more Details
8Contracts have been awarded for two units.
8And within the next one-and-half years, the website predicts from movement on the ground that contracts for construction of all seven units are likely to awarded.
8In all, 9 MMTPA of new urea capacity will be erected in India within the next three to five years.
8This is good news for gas suppliers as additional demand for 17 mmscmd of gas is to be created in the process.
8This can keep a 5 MMTPA LNG gasification unit running at full capacity for an entire year.
Click on Details for more Details
The data from our project monitoring software can benefit the following kinds of players in the industry:
Suppliers of equipment and services:
8They can plan better when they are given advance notice of future RFQ dates.
8They can target specific business opportunities, particularly for investments which have not reached the RFQ stage, either at the level of the promoter or contractor
8Our contact database can be tapped to zero in on specific managers handling these investments within corporate entities
Suppliers of energy products:
8Accurate bottom-up estimation of fresh demand for energy in new capacities that are coming up
8Detailed energy matrices in every facility allow suppliers to save on time and research to zero in on the right opportunity
8A fully validated contact list allows the supplier to immediately get in touch with a potential client
Banks and Financial Institutions:
8Look for new clients requiring funding from our database of those promoters whose investments are at the planning stage but have not received capital approval
8Our contact database provides an easy way to directly get in touch with promoters
8Use our database for independent third party validation of project progress reports filed by borrowers.
Governments and research institutions:
8Accurate way of validating overall investment data
8Conduct further modeling from our disaggregated data.
Click on our Projects button on our home page to know more Details
Suppliers of equipment and services:
8They can plan better when they are given advance notice of future RFQ dates.
8They can target specific business opportunities, particularly for investments which have not reached the RFQ stage, either at the level of the promoter or contractor
8Our contact database can be tapped to zero in on specific managers handling these investments within corporate entities
Suppliers of energy products:
8Accurate bottom-up estimation of fresh demand for energy in new capacities that are coming up
8Detailed energy matrices in every facility allow suppliers to save on time and research to zero in on the right opportunity
8A fully validated contact list allows the supplier to immediately get in touch with a potential client
Banks and Financial Institutions:
8Look for new clients requiring funding from our database of those promoters whose investments are at the planning stage but have not received capital approval
8Our contact database provides an easy way to directly get in touch with promoters
8Use our database for independent third party validation of project progress reports filed by borrowers.
Governments and research institutions:
8Accurate way of validating overall investment data
8Conduct further modeling from our disaggregated data.
Click on our Projects button on our home page to know more Details
For reference purposes, the website carries here the shipping duration to demand centres from major LNG producing countries in the world.
8Data shows that Qatar is a mere 3 shipping days away from India
8But for other major demand centres such as China, Japan , Korea and Taiwan, Australian shipments have to travel a shorter distance than those from Qatar.
8Taking advantage of this fact, Australia is already the largest supplier of LNG to Japan and China, replacing Qatar.
8Juxtaposed against Qatar, Singapore's distance to India is 6 days, Russia 12 days. Nigeria 17 days, the US 21 days and West Coast of Australia 9 days.
8In other word's GAIL's cargoes from the US to India will incur almost seven times more freight charge than from Qatar and three times more than from Australia.
8GAIL will find it difficult to market its US cargoes in Asia, where most of the future demand for LNG is likely to emanate, because of longer ferrying distance.
8However the expansion of the Panama Canal, due for completion by June 2016, will reduce shipping duration from the USA to Asia significantly.
8Given shorter distance to India, Qatar is likely to make every effort to retain its monopoly over the Indian market for LNG.
Click on Reports for more Details
8Data shows that Qatar is a mere 3 shipping days away from India
8But for other major demand centres such as China, Japan , Korea and Taiwan, Australian shipments have to travel a shorter distance than those from Qatar.
8Taking advantage of this fact, Australia is already the largest supplier of LNG to Japan and China, replacing Qatar.
8Juxtaposed against Qatar, Singapore's distance to India is 6 days, Russia 12 days. Nigeria 17 days, the US 21 days and West Coast of Australia 9 days.
8In other word's GAIL's cargoes from the US to India will incur almost seven times more freight charge than from Qatar and three times more than from Australia.
8GAIL will find it difficult to market its US cargoes in Asia, where most of the future demand for LNG is likely to emanate, because of longer ferrying distance.
8However the expansion of the Panama Canal, due for completion by June 2016, will reduce shipping duration from the USA to Asia significantly.
8Given shorter distance to India, Qatar is likely to make every effort to retain its monopoly over the Indian market for LNG.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Electrical works for commissioning of Gas based Captive Power Plant, Rajahmundry [ONGC] Details
8Online Leakage Sealing of Hydrocarbon Pipelines, Haldia Refinery [IOC] Details
8Providing Support Services for berthing of Time Charter vessels, Paradip [IOC] Details
8Supply of Multipath Inline Transfer Ultrasonic Flow Meter, Tamil Nadu [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Don't cut Bengal's kerosene quota, Mamata urges Modi Details
8Government panel to prepare road map for raising refining capacity Details
8Govt gears up to start LNG barges on Ganga by 2018-end Details
8Value of Norway's oil and gas stakes down 34 pct since 2014 Details
8Centre wants khadi uniform for petrol pump staff Details
8LNG pipeline: Kerala to sort out issues Details
8Siemens bags Rs 78 crore order from Power Grid Corp of India Details
8Shell Lubricants appoints Mansi Madan Tripathy as new MD Details
8Gujarat State Petroleum Corporation achieves ISO Certification for KG Details
8IEA: Global oil market to hit surplus in early 2017 Details
8Petroleum Minister Shri Dharmendra Pradhan to visit St Petersburg to represent India at the St Petersburg International Economic Forum Details
8Petroleum minister promises transparent regime Details
8Rosneft mimics Saudi strategy to get foothold in Indian market Details
8Gujarat Gas gets nod for CGD network in Dahej Details
8Mahanagar Gas IPO may fetch Rs. 1,040 cr Details
You can also click on Newsclips for more Details
8Electrical works for commissioning of Gas based Captive Power Plant, Rajahmundry [ONGC] Details
8Online Leakage Sealing of Hydrocarbon Pipelines, Haldia Refinery [IOC] Details
8Providing Support Services for berthing of Time Charter vessels, Paradip [IOC] Details
8Supply of Multipath Inline Transfer Ultrasonic Flow Meter, Tamil Nadu [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Don't cut Bengal's kerosene quota, Mamata urges Modi Details
8Government panel to prepare road map for raising refining capacity Details
8Govt gears up to start LNG barges on Ganga by 2018-end Details
8Value of Norway's oil and gas stakes down 34 pct since 2014 Details
8Centre wants khadi uniform for petrol pump staff Details
8LNG pipeline: Kerala to sort out issues Details
8Siemens bags Rs 78 crore order from Power Grid Corp of India Details
8Shell Lubricants appoints Mansi Madan Tripathy as new MD Details
8Gujarat State Petroleum Corporation achieves ISO Certification for KG Details
8IEA: Global oil market to hit surplus in early 2017 Details
8Petroleum Minister Shri Dharmendra Pradhan to visit St Petersburg to represent India at the St Petersburg International Economic Forum Details
8Petroleum minister promises transparent regime Details
8Rosneft mimics Saudi strategy to get foothold in Indian market Details
8Gujarat Gas gets nod for CGD network in Dahej Details
8Mahanagar Gas IPO may fetch Rs. 1,040 cr Details
You can also click on Newsclips for more Details
Projecting LNG demand in the future is always a hazardous job.
8And all kinds of projections are floating around.
8A recent presentation by the IEA sees a dramatic transformation in the pattern of demand over the next five years, with countries like Korea and Japan making up an increasingly smaller share of the pie.
8The IEA, in its wisdom, sees Chinese share going up sharply in the next five years.
8India's demand goes up too but it still is only a fraction of that of China.
8There are many imponderables in the estimates.
8There is acknowledgement that demand growth has slowed down.
8Against that, there is a surfeit of supply.
8The market outlook remains uncertain.
8The overdependence on China to pick up the slack may not be a good idea given the very large quantities of pipeline gas from Central Asia and Russia that the country is going to be besieged with beginning from 2018.
8Hope for improved demand in China is based on its gas economy taking off.
8One development to be noted is that investments in LNG liquefaction has come to a halt. No new FIDs are expected in 2016.
8The other point to note is that Qatar, surprisingly enough, is not seeking to add any new liquefaction facility, leaving the market open for the US and Australian incremental supplies to fill the demand gap.
Click on Reports to know more. Details
8And all kinds of projections are floating around.
8A recent presentation by the IEA sees a dramatic transformation in the pattern of demand over the next five years, with countries like Korea and Japan making up an increasingly smaller share of the pie.
8The IEA, in its wisdom, sees Chinese share going up sharply in the next five years.
8India's demand goes up too but it still is only a fraction of that of China.
8There are many imponderables in the estimates.
8There is acknowledgement that demand growth has slowed down.
8Against that, there is a surfeit of supply.
8The market outlook remains uncertain.
8The overdependence on China to pick up the slack may not be a good idea given the very large quantities of pipeline gas from Central Asia and Russia that the country is going to be besieged with beginning from 2018.
8Hope for improved demand in China is based on its gas economy taking off.
8One development to be noted is that investments in LNG liquefaction has come to a halt. No new FIDs are expected in 2016.
8The other point to note is that Qatar, surprisingly enough, is not seeking to add any new liquefaction facility, leaving the market open for the US and Australian incremental supplies to fill the demand gap.
Click on Reports to know more. Details
A comparative operating cost table shows the Cairn India's cost in the Rajasthan block, at $7/bbl, is among the lowest in the world, after Saudi Arabia, UAE and Iran.
8It is not just Cairn but almost all onland field development projects in India have low cost paradigm.
8And they are capable of surviving in the low oil price environment that prevails today.
8In this context, the petroleum ministry's attempt to cover all of India's sedimentary basins in a 2D seismic net is commendable.
8You never know what surprises can be thrown up by such an appraisal.
8The following efforts by the government to ease up the sector has also helped:
-- Natural gas price reforms
-- Hydrocarbon Exploration and Licensing Policy (The website believes this policy will be of no help in offshore blocks but will work for low risk onland blocks)
-- Discovered Small Field Policy
-- PSC Extension
-- Reforms to simplify PSC execution
Click on Reports for more on Cairn India's remarkable work to develop work class assets -- hydrocarbon Initially in Place of 7.8 bn boe and 2P Reserves f 1.3 bn boei -- in India. Details
8It is not just Cairn but almost all onland field development projects in India have low cost paradigm.
8And they are capable of surviving in the low oil price environment that prevails today.
8In this context, the petroleum ministry's attempt to cover all of India's sedimentary basins in a 2D seismic net is commendable.
8You never know what surprises can be thrown up by such an appraisal.
8The following efforts by the government to ease up the sector has also helped:
-- Natural gas price reforms
-- Hydrocarbon Exploration and Licensing Policy (The website believes this policy will be of no help in offshore blocks but will work for low risk onland blocks)
-- Discovered Small Field Policy
-- PSC Extension
-- Reforms to simplify PSC execution
Click on Reports for more on Cairn India's remarkable work to develop work class assets -- hydrocarbon Initially in Place of 7.8 bn boe and 2P Reserves f 1.3 bn boei -- in India. Details
Hardy had promised to invest an extra $300 million in development of the block.
8Hardy is in a JV with GAIL in the block.
8Whereas the joint venture has already made an investment of $110 million in the block's exploration activity, including two exploration wells which resulted in establishing a discovery, a further investment of $300 million in appraisal and development has been envisioned, which could result in a new supply source of gas to the southern states.
Click on Reports for more. Details
8Hardy is in a JV with GAIL in the block.
8Whereas the joint venture has already made an investment of $110 million in the block's exploration activity, including two exploration wells which resulted in establishing a discovery, a further investment of $300 million in appraisal and development has been envisioned, which could result in a new supply source of gas to the southern states.
Click on Reports for more. Details
The website carries here details of Hardy's battle in the Indian courts to get the tribunal's award implemented.
8To be candid, the government of India's approach has been to look to stall the award at any cost.
8It is pertinent to note that the arbitration process was initiated as per the procedures allowed under an agreement between the Indian government and Hardy.
8Hardy has now gone ahead and got the arbitration award recognized by an American court.
Click on Reports for more. Details
8To be candid, the government of India's approach has been to look to stall the award at any cost.
8It is pertinent to note that the arbitration process was initiated as per the procedures allowed under an agreement between the Indian government and Hardy.
8Hardy has now gone ahead and got the arbitration award recognized by an American court.
Click on Reports for more. Details
Business opportunities are available for the following type of activity:
8Civil construction: Rs 9000 crore
8Mechanical equipment: Rs 2800 crore
8And the rest is made up of electrical and automation jobs
8When service charges and contingencies are included the figure adds up to Rs 14000 crore
Click on Reports for more. Details
8Civil construction: Rs 9000 crore
8Mechanical equipment: Rs 2800 crore
8And the rest is made up of electrical and automation jobs
8When service charges and contingencies are included the figure adds up to Rs 14000 crore
Click on Reports for more. Details
The Rs 14,000 crore project will also include facilities to berth liquid LNG cargoes.
8The ambitious plan involves construction of a 5600 m long jetty for multipurpose cargo
8Of these, there will be 17 multipurpose berths
8The plan also includes another 560 m long jetty that will house two liquid and cryogenic gas receiving stations capable of handling cargoes up to temperatures below 160° C
Click on Reports for more. Details
8The ambitious plan involves construction of a 5600 m long jetty for multipurpose cargo
8Of these, there will be 17 multipurpose berths
8The plan also includes another 560 m long jetty that will house two liquid and cryogenic gas receiving stations capable of handling cargoes up to temperatures below 160° C
Click on Reports for more. Details
For reference purposes, the website carries here an unpublished business development opportunity for a massive Rs 14,000 crore port development project.
8One round of initial RFQs has already gone out to key equipment and service suppliers for preparation of estimates.
8A look out for Project Management Consultants and EPC contractors will begin shortly.
8The project includes increasing the number of berths by 19
8Raising cargo handing capacity by 150 MMTPA
8Desalination capacity by 100 MLD
8Power requirement by 700 MW
Click on Reports for more. Also click on the Projects button on our site and go to our Products & Services page to know more about how we can help you push your business in India. Details
8One round of initial RFQs has already gone out to key equipment and service suppliers for preparation of estimates.
8A look out for Project Management Consultants and EPC contractors will begin shortly.
8The project includes increasing the number of berths by 19
8Raising cargo handing capacity by 150 MMTPA
8Desalination capacity by 100 MLD
8Power requirement by 700 MW
Click on Reports for more. Also click on the Projects button on our site and go to our Products & Services page to know more about how we can help you push your business in India. Details
For reference purposes the website carries here the following tenders:
8EOI for Operation & Maintenance services of HVAC, Rajasthan [CAIRN] Details
8Supply, Installation & Commissioning of Gas Supply Meter along-with allied services, Gujarat [GSPC] Details
8Procurement of HSD and HFHSD for the Assets & Basins of Gujarat [ONGC] Details
8Integrated Shot Hole Drilling and Seismic Job Services to be carried out at KG-PG Basin [ONGC] Details
8ARC for Rewinding of Heavy Electrical Machines for Drilling Rigs at Drilling Services, Assam Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Work under progress for launching LNG Barges on Ganga Details
8Saudi to keep July crude supply to Asia steady Details
8Renewable energy to attract two- thirds of power plant investments Details
8Oil prices under pressure from rising economic concerns Details
8ONGC manages to halve exploration cost write-offs Details
8Iran to sell crude to seven European firms Details
8Japan's Shizuoka Gas sells re-load LNG cargo to Shell Details
8Why the oil price rally might falter Details
8Tata Power acquires Welspun Energy's renewable assets Details
8Cochin Shipyard, Global United bid for $7-bn LNG tender Details
8Indian Oil aims to improve refining margins this fiscal Details
8OVL puts on hold 11% buy in Rosneft Vankorneft; is the ball in Narendra Modi court for better deal? Details
8H-Energy to lay Jaigarh-Goa-Mangalore gas pipeline Details
You can also click on Newsclips for more Details
8EOI for Operation & Maintenance services of HVAC, Rajasthan [CAIRN] Details
8Supply, Installation & Commissioning of Gas Supply Meter along-with allied services, Gujarat [GSPC] Details
8Procurement of HSD and HFHSD for the Assets & Basins of Gujarat [ONGC] Details
8Integrated Shot Hole Drilling and Seismic Job Services to be carried out at KG-PG Basin [ONGC] Details
8ARC for Rewinding of Heavy Electrical Machines for Drilling Rigs at Drilling Services, Assam Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Work under progress for launching LNG Barges on Ganga Details
8Saudi to keep July crude supply to Asia steady Details
8Renewable energy to attract two- thirds of power plant investments Details
8Oil prices under pressure from rising economic concerns Details
8ONGC manages to halve exploration cost write-offs Details
8Iran to sell crude to seven European firms Details
8Japan's Shizuoka Gas sells re-load LNG cargo to Shell Details
8Why the oil price rally might falter Details
8Tata Power acquires Welspun Energy's renewable assets Details
8Cochin Shipyard, Global United bid for $7-bn LNG tender Details
8Indian Oil aims to improve refining margins this fiscal Details
8OVL puts on hold 11% buy in Rosneft Vankorneft; is the ball in Narendra Modi court for better deal? Details
8H-Energy to lay Jaigarh-Goa-Mangalore gas pipeline Details
You can also click on Newsclips for more Details
It looks like Hardy has run into trouble with the government on every front.
8Efforts to revive the PY-3 field, India's first subsea field development in India which commenced production in 1997, has failed.
8To date this marginal field has produced 24 million barrels of oil.
8At present the field is shut but Hardy had proposed an investment of USD200 million to produce an additional 15 million bbl of oil.
Find out what went wrong with the field. Details
8Efforts to revive the PY-3 field, India's first subsea field development in India which commenced production in 1997, has failed.
8To date this marginal field has produced 24 million barrels of oil.
8At present the field is shut but Hardy had proposed an investment of USD200 million to produce an additional 15 million bbl of oil.
Find out what went wrong with the field. Details
Hardy Exploration & Production's unsuccessful three year fight to ensure the imposition of a foreign arbitral tribunal award in Indian courts -- that would have restored the CY-ON/2 block to its operatorship -- in the face of teething opposition from the Indian government is an issue that the Indian oil and gas industry must take careful note of.
8A three member arbitration tribunal had awarded that the government pay a penal interest on Rs 500 crore of investment that Hardy had done in the block
8The interest was to be levied at 9% per annum until the date of the award and thereafter at 18% per annum till realization.
8Is the Hardy case sending the wrong signals on India's regulatory environment?
Click on Details to understand what the award was all about Details
8A three member arbitration tribunal had awarded that the government pay a penal interest on Rs 500 crore of investment that Hardy had done in the block
8The interest was to be levied at 9% per annum until the date of the award and thereafter at 18% per annum till realization.
8Is the Hardy case sending the wrong signals on India's regulatory environment?
Click on Details to understand what the award was all about Details
The state needs to be more responsive when it comes to settling arbitration awards that are clear and unambiguous.
8Should an arbitration award be contested simply because it was unfavourable? This award involves a financial penalty and sets a precedent and therefore should be contested perhaps but some general principles should be followed.
8The question to ask is whether it was prudent on the part of the DGH to have rejected Hardy's proposal to declare the gas discovery in CY-ON/2 as a non-associated discovery in the first place, particularly when the arbitration award is so unambiguous?
8Some of the files should be taken out to investigate the decision making process.
8Arbitration awards can be adverse to any party but to oppose such awards without requisite merit actually sends the wrong signals to the international community.
8Ease of doing business in India also entails allowing a foreign investor the right to seek fair redresssal of his genuine grievances.
8The state is not always right and there must be independent accountability of its decisions. Details
8Should an arbitration award be contested simply because it was unfavourable? This award involves a financial penalty and sets a precedent and therefore should be contested perhaps but some general principles should be followed.
8The question to ask is whether it was prudent on the part of the DGH to have rejected Hardy's proposal to declare the gas discovery in CY-ON/2 as a non-associated discovery in the first place, particularly when the arbitration award is so unambiguous?
8Some of the files should be taken out to investigate the decision making process.
8Arbitration awards can be adverse to any party but to oppose such awards without requisite merit actually sends the wrong signals to the international community.
8Ease of doing business in India also entails allowing a foreign investor the right to seek fair redresssal of his genuine grievances.
8The state is not always right and there must be independent accountability of its decisions. Details
It is time now for India's oil companies to change their report presentation styles.
8The world had moved on from text to self explanatory graphics
8Presentations made by companies such as Shell and Exxon Mobil or even by the Chinese big three companies should become the model.
8These presentations punch more value and they make it easy to decipher trends.
8The PSUs need to put in much more work on their presentations than they do now.
8Critical market analysis is of importance as are risk mitigating measures.
8ONGC for example must come out with a comprehensive report on its cost cutting exercises and how they have panned out to its fundamentals.
8Transparency is the name of the game.
8And it is about time that the company begins handing out Executive Purchase Committee minutes through the RTI route.
8When decisions taken by the Cabinet can be viewed immediately thereafter, why should EPC minutes of ONGC not be available for public scrutiny? Details
8The world had moved on from text to self explanatory graphics
8Presentations made by companies such as Shell and Exxon Mobil or even by the Chinese big three companies should become the model.
8These presentations punch more value and they make it easy to decipher trends.
8The PSUs need to put in much more work on their presentations than they do now.
8Critical market analysis is of importance as are risk mitigating measures.
8ONGC for example must come out with a comprehensive report on its cost cutting exercises and how they have panned out to its fundamentals.
8Transparency is the name of the game.
8And it is about time that the company begins handing out Executive Purchase Committee minutes through the RTI route.
8When decisions taken by the Cabinet can be viewed immediately thereafter, why should EPC minutes of ONGC not be available for public scrutiny? Details
The website has begin collecting regular data on LNG pricing and shipments into India.
Landed LNG prices are collected in the following format:
8Date
8Product
8Producer
8Grade
8Category
8Region
8Price
8Unit
8Type
8Change
8Graphs
Click here to know more or just call up and contact us for an easy and quick demonstration Details
Landed LNG prices are collected in the following format:
8Date
8Product
8Producer
8Grade
8Category
8Region
8Price
8Unit
8Type
8Change
8Graphs
Click here to know more or just call up and contact us for an easy and quick demonstration Details
The 40835 LKM 2D seismic tender is arguably one of the world's largest contract currently.
8The survey is being conducted by ONGC on behalf of the government of India.
8The idea is to map and study the tertiary, mezosoic and proterozoic sediments in 22 sedimentary basins for hydrocarbons.
8The basins where the surveys are to be carried out are: Cambay, Kutch, Saurashtra, Rajasthan, Pranhita-Godavari, Krishna-Godavari, Cuddapah, Bastar, Cauvery, Vindhyan, Narmada, South Rewa, Satpura-Damodar and Chattisgarh, Bengal, Mahanadi-NEC, Ganga, Deccan Synclise, Bhima-Kaladgi, Himalayan Foreland, Spiti-Zanskar, Karewa and Andman-Nicobar basins.
8Tight deadlines have been set for acquisition and interpretation of the 2D data, beginning from July, 2018 and going up to June, 2019.
8Given that Lok Sabha elections are scheduled for 2019, if indications of hydrocarbons are available, the government is likely to flaunt the findings.
Click on Reports for basin-wise data acquisition plans along with detailed mapping of the seismic areas as well as the acquisition and interpretation schedules drawn up for the job Details
8The survey is being conducted by ONGC on behalf of the government of India.
8The idea is to map and study the tertiary, mezosoic and proterozoic sediments in 22 sedimentary basins for hydrocarbons.
8The basins where the surveys are to be carried out are: Cambay, Kutch, Saurashtra, Rajasthan, Pranhita-Godavari, Krishna-Godavari, Cuddapah, Bastar, Cauvery, Vindhyan, Narmada, South Rewa, Satpura-Damodar and Chattisgarh, Bengal, Mahanadi-NEC, Ganga, Deccan Synclise, Bhima-Kaladgi, Himalayan Foreland, Spiti-Zanskar, Karewa and Andman-Nicobar basins.
8Tight deadlines have been set for acquisition and interpretation of the 2D data, beginning from July, 2018 and going up to June, 2019.
8Given that Lok Sabha elections are scheduled for 2019, if indications of hydrocarbons are available, the government is likely to flaunt the findings.
Click on Reports for basin-wise data acquisition plans along with detailed mapping of the seismic areas as well as the acquisition and interpretation schedules drawn up for the job Details
For reference purposes, the website carries here the following details on IOC's Board of Directors
8Name of the board member
8Designation
8Date of joining
8Date when tenure ends
8 Similar data is also available on this website for government directors and independent directors
Click on Reports for more Details
8Name of the board member
8Designation
8Date of joining
8Date when tenure ends
8 Similar data is also available on this website for government directors and independent directors
Click on Reports for more Details
For reference purposes, the website carries here comprehensive details on the world shipping industry
Country-wise details are carried on:
8Shipping taxation structures
8Double taxation treaties
8Various kinds of other taxations
8Corporate structures
8Human capital
8Labour legislation
8Grants and incentives
8Major ports within a country
8Corporate law
8Educational institutions
Click on Reports for more Details
Country-wise details are carried on:
8Shipping taxation structures
8Double taxation treaties
8Various kinds of other taxations
8Corporate structures
8Human capital
8Labour legislation
8Grants and incentives
8Major ports within a country
8Corporate law
8Educational institutions
Click on Reports for more Details
Developers of small and marginal fields that are being auctioned out at this moment will be able to take advantage of proximal infrastructure belonging either to ONGC or OIL which already exist or are being planned near these fields.
8The point to note is that contractors in various small fields in Gujarat are already using ONGC’s existing crude oil storage, handling and processing facilities
8The types and distances of the nearest ONGC infrastructure from the marginal fields on auction are carried by this website.
8The awardees of the contracts will have to assess whether they need that infrastructure during the field development phase.
8Use of common infrastructure such as transportation, storage, handling, processing and sales of oil or gas would help the awardees in optimizing the capex and early monetization of fields.
Click on Reports for more Details
8The point to note is that contractors in various small fields in Gujarat are already using ONGC’s existing crude oil storage, handling and processing facilities
8The types and distances of the nearest ONGC infrastructure from the marginal fields on auction are carried by this website.
8The awardees of the contracts will have to assess whether they need that infrastructure during the field development phase.
8Use of common infrastructure such as transportation, storage, handling, processing and sales of oil or gas would help the awardees in optimizing the capex and early monetization of fields.
Click on Reports for more Details
There could be many reasons behind a delay in an ONGC project. But the biggest culprit seems to be a delay in the execution of the project by the contractor.
8A study conducted by ONGC some time ago said that most of the delayed projects are on account of sloppy implementation by contractors
8ONGC is to be blamed too for some of the delays. The scope of the contract could not be finalized in time for many contracts. Repeated vendor queries lead to several round of changes before the scope is finalized.
8This usually means that enough homework wasn't done before a tender was brought out.
8Then again, contractors often take ONGC to court, as has happened in the case of the seismic tender, resulting in long delays
8Sometimes the tendering process gets so muddied that a tender is re-invited leading to delays. There have been instances when LOIs are rejected by the contractor on some pretext or other.
8In fact well placed sources said that there was a suggestion that the current seismic tender should be rejected but sober voices argued that it was a tender that ONGC was doing for the government of India and it should not be cancelled as it would lead to delays and perhaps an increase in the baseline price Details
8A study conducted by ONGC some time ago said that most of the delayed projects are on account of sloppy implementation by contractors
8ONGC is to be blamed too for some of the delays. The scope of the contract could not be finalized in time for many contracts. Repeated vendor queries lead to several round of changes before the scope is finalized.
8This usually means that enough homework wasn't done before a tender was brought out.
8Then again, contractors often take ONGC to court, as has happened in the case of the seismic tender, resulting in long delays
8Sometimes the tendering process gets so muddied that a tender is re-invited leading to delays. There have been instances when LOIs are rejected by the contractor on some pretext or other.
8In fact well placed sources said that there was a suggestion that the current seismic tender should be rejected but sober voices argued that it was a tender that ONGC was doing for the government of India and it should not be cancelled as it would lead to delays and perhaps an increase in the baseline price Details
Any major purchase of equipment and service by ONGC is never without its attendant drama.
8ONGC's contract for a massive 40835 LKM of 2D seismic surveys to map unappraised onland areas spread over 22 sedimentary basins in India is no exception. ONGC is carrying out the contract on behalf of the government of India.
8The public sector E&P major seems to have landed itself in a corner after the Delhi High Court restored the bid by Quippo Oil and Gas Infrastructure Ltd after it was rejected by ONGC on the ground that it was not a 100 per cent subsidiary of its parent company on whose financial strength it had bid for the tender.
8Sources said that both ONGC's exploration division and the legal wing are opposed to Quippo's bid, despite the High Court judgement, on the ground that the company failed to meet the bid criteria and also for reasons other than the one on which the High Court had upheld its plea.
Click on Details to find out more. Details
8ONGC's contract for a massive 40835 LKM of 2D seismic surveys to map unappraised onland areas spread over 22 sedimentary basins in India is no exception. ONGC is carrying out the contract on behalf of the government of India.
8The public sector E&P major seems to have landed itself in a corner after the Delhi High Court restored the bid by Quippo Oil and Gas Infrastructure Ltd after it was rejected by ONGC on the ground that it was not a 100 per cent subsidiary of its parent company on whose financial strength it had bid for the tender.
8Sources said that both ONGC's exploration division and the legal wing are opposed to Quippo's bid, despite the High Court judgement, on the ground that the company failed to meet the bid criteria and also for reasons other than the one on which the High Court had upheld its plea.
Click on Details to find out more. Details
There has been intense competition in the bidding for the 2D seismic tender.
8But sources said that prices have been significantly lower than what has been internally benchmarked by ONGC.
8Quotes were lower by anywhere between 40 to 60% than the internal rates set by ONGC.
Click on Details for an indication of the kind of prices that the L-1 bidders had established against the tender Details
8But sources said that prices have been significantly lower than what has been internally benchmarked by ONGC.
8Quotes were lower by anywhere between 40 to 60% than the internal rates set by ONGC.
Click on Details for an indication of the kind of prices that the L-1 bidders had established against the tender Details
Will Quippo's entry queer the pitch for others who have already been declared L-1 bidders by ONGC?
8ONGC has already selected all the winners against the bids invited for a total of 11 sectors into which the entire 2D seismic survey tender was divided.
8But what if Quippo's bids are found to be lower?
8It will change the equation altogether.
8Find out more about the bidders that have been selected as of now Details
8ONGC has already selected all the winners against the bids invited for a total of 11 sectors into which the entire 2D seismic survey tender was divided.
8But what if Quippo's bids are found to be lower?
8It will change the equation altogether.
8Find out more about the bidders that have been selected as of now Details
The need for revamping of the procurement process for ONGC has long been felt.
8But no action has been taken yet.
8The problem is that it is easy to game the qualification criteria by either diluting it to gain entry or tightening it to keep the competition at bay.
8The consequence is that sub-standard suppliers and service providers gain entry. Then then go on to win bids by quoting low.
8The problem arises when it comes to the implementation of a project.
8Low networth usually means that the contractor is strapped for cash right through the contract period.
8Inadequate technological prowess -- usually because the selection criteria is diluted -- means creation of sub-standard facilities.
8The cost of a contract turns out to be far higher for ONGC on account of the consequent cost and time over run.
8Is there a way to improve the system without compromising on the guidelines for procurement?
8The website believes that there is a way out. How else will E&P companies far bigger in size than ONGC be conducting business with efficiency and scale.
8What the company needs is a good consultant -- hopefully this bid will not be gamed by the usual management consultants -- to do a best practices study and come up with a set of radical formulations.
8ONGC can then take them to the government for implementation. Details
8But no action has been taken yet.
8The problem is that it is easy to game the qualification criteria by either diluting it to gain entry or tightening it to keep the competition at bay.
8The consequence is that sub-standard suppliers and service providers gain entry. Then then go on to win bids by quoting low.
8The problem arises when it comes to the implementation of a project.
8Low networth usually means that the contractor is strapped for cash right through the contract period.
8Inadequate technological prowess -- usually because the selection criteria is diluted -- means creation of sub-standard facilities.
8The cost of a contract turns out to be far higher for ONGC on account of the consequent cost and time over run.
8Is there a way to improve the system without compromising on the guidelines for procurement?
8The website believes that there is a way out. How else will E&P companies far bigger in size than ONGC be conducting business with efficiency and scale.
8What the company needs is a good consultant -- hopefully this bid will not be gamed by the usual management consultants -- to do a best practices study and come up with a set of radical formulations.
8ONGC can then take them to the government for implementation. Details
Why was Quippo allowed back into the bidding process despite active opposition by all internal divisions of ONGC?
8Well placed sources said that the ONGC CMD gave his vote in favour of allowing Quippo in.
8There were three arguments that settled the case in favour of Quippo, it is reliably learnt.
8The legal department also put in its own spin on the subject, according to highly placed sources.
Click on Details to know more about the factors that weighed in the CMD's mind when he took the decision. Details
8Well placed sources said that the ONGC CMD gave his vote in favour of allowing Quippo in.
8There were three arguments that settled the case in favour of Quippo, it is reliably learnt.
8The legal department also put in its own spin on the subject, according to highly placed sources.
Click on Details to know more about the factors that weighed in the CMD's mind when he took the decision. Details
For reference purposes the website carries here the following tenders:
8Civil works at Drill Site for Work Over Operation, Assam [ONGC] Details
8Supply of Standalone Multi Gas Monitor/ Gas Detector, Barauni Refinery [IOC] Details
8Carrying out Civil works for Exploratory Location TKAD, Assam [ONGC] Details
8Carrying out Civil works at Drill Site BUAF., Assam [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices retreat from 2016 highs Details
8Russia's Gazprom Neft plans 5 pct rise in 2016 production Details
8Pradhan Mantri Ujjwala Yojana: LPG connections distributed to women from BPL households in Faizabad Details
8Coal imports decline 19 per cent to 16 million tonnes in May Details
8Japan May spot LNG prices fall to lowest in more than 2 years Details
8US hopes to flex energy muscle with oil reserve makeover Details
8Unlikely casualty in California's renewable energy boom: natural gas Details
8Britain to shed a quarter of its oil jobs since price fell Details
8India's gas importers benefiting from easing prices: Nomura Details
8BP, Eni announce new gas discovery off Egyptian coast Details
8China to invest $8.5 billion to upgrade Pakistan's rail network, build gas pipeline Details
8Maharashtra seamless hopes to regain 60% market share in oil sector Details
8Essar Power plans to start Hazira Gas-Based Plant in 3 months Details
8Iran to sell oil to India in euro Details
8Govt eyes nominated fields to satisfy the increasing oil thirst Details
You can also click on Newsclips for more Details
8Civil works at Drill Site for Work Over Operation, Assam [ONGC] Details
8Supply of Standalone Multi Gas Monitor/ Gas Detector, Barauni Refinery [IOC] Details
8Carrying out Civil works for Exploratory Location TKAD, Assam [ONGC] Details
8Carrying out Civil works at Drill Site BUAF., Assam [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices retreat from 2016 highs Details
8Russia's Gazprom Neft plans 5 pct rise in 2016 production Details
8Pradhan Mantri Ujjwala Yojana: LPG connections distributed to women from BPL households in Faizabad Details
8Coal imports decline 19 per cent to 16 million tonnes in May Details
8Japan May spot LNG prices fall to lowest in more than 2 years Details
8US hopes to flex energy muscle with oil reserve makeover Details
8Unlikely casualty in California's renewable energy boom: natural gas Details
8Britain to shed a quarter of its oil jobs since price fell Details
8India's gas importers benefiting from easing prices: Nomura Details
8BP, Eni announce new gas discovery off Egyptian coast Details
8China to invest $8.5 billion to upgrade Pakistan's rail network, build gas pipeline Details
8Maharashtra seamless hopes to regain 60% market share in oil sector Details
8Essar Power plans to start Hazira Gas-Based Plant in 3 months Details
8Iran to sell oil to India in euro Details
8Govt eyes nominated fields to satisfy the increasing oil thirst Details
You can also click on Newsclips for more Details
BP's Statistical Review 2016 is finally out. It is a must read for oil and gas enthusiasts.
8It still remains a big mystery how BP gets to put together a more comprehensive profile of the Indian energy sector than any government agency does locally.
The broad facts are:
8India’s primary energy consumption rose by 5.2% in 2015, taking its share of global primary energy consumption to 5.3%.
8India’s share in global coal consumption exceeded 10% in 2015, for the first time ever. India is now the world's second largest consumer of coal.
8India had its largest increase in oil consumption in 2015, increasing by 310 Kb/d.
8Click on Reports for the disaggregated picture that BP's statistical review throws up not just on India but on the world. There is a lot to learn from the review.
8Of interest will be the difference in the energy consumption patterns of China and India and the growth of renewables. History provides a perspective on how the future will behave and the BP statistical review provides a new look on how renewable energy penetration in the energy matrix will take a long time to mature.
Click on Reports for more Details
8It still remains a big mystery how BP gets to put together a more comprehensive profile of the Indian energy sector than any government agency does locally.
The broad facts are:
8India’s primary energy consumption rose by 5.2% in 2015, taking its share of global primary energy consumption to 5.3%.
8India’s share in global coal consumption exceeded 10% in 2015, for the first time ever. India is now the world's second largest consumer of coal.
8India had its largest increase in oil consumption in 2015, increasing by 310 Kb/d.
8Click on Reports for the disaggregated picture that BP's statistical review throws up not just on India but on the world. There is a lot to learn from the review.
8Of interest will be the difference in the energy consumption patterns of China and India and the growth of renewables. History provides a perspective on how the future will behave and the BP statistical review provides a new look on how renewable energy penetration in the energy matrix will take a long time to mature.
Click on Reports for more Details
One set of reports is claiming that plans for LNG supplies from Mozambique -- in which ONGC, BPCL and IOC are invested -- can kick off as early as 2021 while there are skeptics that do not think anything is going to happen before 2025.
8The ground is fluid, for unless the promoters can tie up long term gas supplies, work cannot begin on developing the upstream gas assets and the concomitant LNG terminals.
8Those who want to be optimistic quote the IMF report that says Mozambique could become the world’s third largest gas exporter after Qatar and Australia.
8Mozambique, one of the poorest countries in Africa, with 80% of its people without electricity, is likely to also become its biggest economy once the oil and gas developments take off.
Click on Reports for more Details
8The ground is fluid, for unless the promoters can tie up long term gas supplies, work cannot begin on developing the upstream gas assets and the concomitant LNG terminals.
8Those who want to be optimistic quote the IMF report that says Mozambique could become the world’s third largest gas exporter after Qatar and Australia.
8Mozambique, one of the poorest countries in Africa, with 80% of its people without electricity, is likely to also become its biggest economy once the oil and gas developments take off.
Click on Reports for more Details
The ship building industry continues to be in serious turmoil and prices continued to move downwards.
8This is as good as time as any for Indian shipping companies, with robust business models centered around the Indian oil and gas industry, to place orders.
8Recovery of the market seems to be a dimming prospect even through there is an admittedly higher volume of activity recently.
8The quieter summer months have set in and the prospects now seem grimmer than before.
8Nowhere is the dire state of the industry more evident than in South Korea.
8All the major shipbuilders in the country, Hyundai HI, Samsung HI and Daewoo Marine & Shipbuilding are generating heavy losses, becoming more and more dependant on state aid and debt extensions that come with complex restructuring plans.
8In terms of recently reported deals, Enesel placed an order for two firm Aframaxes (112,800dwt) at Daehan, in S. Korea for a price of $ 45.5m each and delivery set in 2017.
Click on Reports for more Details
8This is as good as time as any for Indian shipping companies, with robust business models centered around the Indian oil and gas industry, to place orders.
8Recovery of the market seems to be a dimming prospect even through there is an admittedly higher volume of activity recently.
8The quieter summer months have set in and the prospects now seem grimmer than before.
8Nowhere is the dire state of the industry more evident than in South Korea.
8All the major shipbuilders in the country, Hyundai HI, Samsung HI and Daewoo Marine & Shipbuilding are generating heavy losses, becoming more and more dependant on state aid and debt extensions that come with complex restructuring plans.
8In terms of recently reported deals, Enesel placed an order for two firm Aframaxes (112,800dwt) at Daehan, in S. Korea for a price of $ 45.5m each and delivery set in 2017.
Click on Reports for more Details
Following a few disappointing weeks, earnings for crude carriers finally started to show signs of a steadier market, with Middle East enquiries bouncing back up and allowing owners to regain some of the confidence lost during the last month.
8VL rates in the Middle East benefitted from steady business in the region and a fairly balanced tonnage list, the combination of which resulted in firming of rates, while as West Africa activity started enjoying the spillovers of the Gulf, exceptions for an equally good week ahead started building up.
8A busy Middle East absorbed much of Suezmax tonnage, helping West Africa rates to keep moving up. Aframax rates in the Med and Caribbean regions kept enjoying stable enquiry while the downward correction in North Sea rates resumed last week, leading to further discounts.
Click on Reports for more Details
8VL rates in the Middle East benefitted from steady business in the region and a fairly balanced tonnage list, the combination of which resulted in firming of rates, while as West Africa activity started enjoying the spillovers of the Gulf, exceptions for an equally good week ahead started building up.
8A busy Middle East absorbed much of Suezmax tonnage, helping West Africa rates to keep moving up. Aframax rates in the Med and Caribbean regions kept enjoying stable enquiry while the downward correction in North Sea rates resumed last week, leading to further discounts.
Click on Reports for more Details
Shell is one of those rare companies which is turning the present crisis in the oil and gas business into an opportunity.
8And while apples cannot be compared with oranges, there are lessons here for companies such as ONGC.
8The multinational has been mercilessly reducing costs.
8It has pushed contractors to cut costs while exiting from "tail assets" all over the world.
8In depressed market conditions, it is pushing its ROACE from an average of 8% between 2013-2015 to 10% in 2019-2020.
8Its organic cash flows will see a rise from $5 billion a year to a massive $20-25 billion during this period.
8And it is doing all this while the average price of crude is assumed to come down from $90/bbl to $60/bbl.
8It is easy for Indian oil companies to blame the external environment for their woes but Shell leads the way in showing how a smart management team can turn a crisis into an opportunity to make more money.
Click on Reports for more Details
8And while apples cannot be compared with oranges, there are lessons here for companies such as ONGC.
8The multinational has been mercilessly reducing costs.
8It has pushed contractors to cut costs while exiting from "tail assets" all over the world.
8In depressed market conditions, it is pushing its ROACE from an average of 8% between 2013-2015 to 10% in 2019-2020.
8Its organic cash flows will see a rise from $5 billion a year to a massive $20-25 billion during this period.
8And it is doing all this while the average price of crude is assumed to come down from $90/bbl to $60/bbl.
8It is easy for Indian oil companies to blame the external environment for their woes but Shell leads the way in showing how a smart management team can turn a crisis into an opportunity to make more money.
Click on Reports for more Details
Shell is one of the largest deepwater players in the world and it continues to have faith that deepwater oil and gas will remain profitable.
8Money will be made by driving down costs, and there are lessons here for Indian deepwater players too.
8In the Gulf of Mexico, Shell was able to bring down drilling costs by as much as 30% over the last one year.
8That's a massive reduction at any cost.
8Then again, there is a 40% drip over two years in the variable spread rate along with drilling materials cost.
8It has been able to lower capital intensity across its deepwater holdings, including in its now developing Brazilian deepwater plays.
8Most importantly, the multinational has been able to reduce break-even in new deepwater projects to a competitive $45/bbl.
8It has also kept its direct unit operating costs in deepwater operations leashed at less than $10/bbl
Click on Reports for more Details
8Money will be made by driving down costs, and there are lessons here for Indian deepwater players too.
8In the Gulf of Mexico, Shell was able to bring down drilling costs by as much as 30% over the last one year.
8That's a massive reduction at any cost.
8Then again, there is a 40% drip over two years in the variable spread rate along with drilling materials cost.
8It has been able to lower capital intensity across its deepwater holdings, including in its now developing Brazilian deepwater plays.
8Most importantly, the multinational has been able to reduce break-even in new deepwater projects to a competitive $45/bbl.
8It has also kept its direct unit operating costs in deepwater operations leashed at less than $10/bbl
Click on Reports for more Details
GAIL still hasn't made up its mind on the next set of steps to follow on its tender for building 9 LNG carriers.
8The breakeven day rate for building these carriers is coming up to more than $45,000. If the higher cost of building a third of these carriers in India is taken into account, the cost climbs higher.
8In contrast the one-year time charter rate of a 160,000 m3 LNG vessel was at $36,000 at the end of 2015. Current spot and time charter rates are even lower at around $30,000 per day.
8The LNG vessel fleet is heavily under utilized, with as many as 40 ships remaining inactive.
8In addition, there are 139 ships on order, with the majority to be delivered before 2019. The average age of the fleet is 11.2 years, offering very limited potential for scrapping.
8The immediate to medium term outlook is grim.
8The recent shutdown of the Gorgon facility certainly does not help, although on the other hand, the restart of the terminal in Angola may remove a few ships from the spot market.
8Industry experts now claim that it will be risky for a public sector gas company to place a multi-billion dollar investment in a fleet of LNG vessels when the going market rate is lower than the contracted price.
8There are no reliable projections available as of now of how LNG demand-supply is going to move going ahead and estimates vary wildly, nor is it possible perhaps to predict prices.
8Taking the argument further, it is not possible to project how LNG vessel rates are going to move in the future.
8In such a scenario, GAIL does not seem to know what it needs to do next.
Click on Reports for more. Details
8The breakeven day rate for building these carriers is coming up to more than $45,000. If the higher cost of building a third of these carriers in India is taken into account, the cost climbs higher.
8In contrast the one-year time charter rate of a 160,000 m3 LNG vessel was at $36,000 at the end of 2015. Current spot and time charter rates are even lower at around $30,000 per day.
8The LNG vessel fleet is heavily under utilized, with as many as 40 ships remaining inactive.
8In addition, there are 139 ships on order, with the majority to be delivered before 2019. The average age of the fleet is 11.2 years, offering very limited potential for scrapping.
8The immediate to medium term outlook is grim.
8The recent shutdown of the Gorgon facility certainly does not help, although on the other hand, the restart of the terminal in Angola may remove a few ships from the spot market.
8Industry experts now claim that it will be risky for a public sector gas company to place a multi-billion dollar investment in a fleet of LNG vessels when the going market rate is lower than the contracted price.
8There are no reliable projections available as of now of how LNG demand-supply is going to move going ahead and estimates vary wildly, nor is it possible perhaps to predict prices.
8Taking the argument further, it is not possible to project how LNG vessel rates are going to move in the future.
8In such a scenario, GAIL does not seem to know what it needs to do next.
Click on Reports for more. Details
The glass is either half full or half empty.
8Buyers and sellers of gas look at how the global gas markets are going to develop from their own perspectives.
8Shell's estimates see supply exceeding demand only for a short while in 2020 even though there is 100 MMTPA of LNG supply growth between 2015-20.
8Its projections show a demand-supply gap slowly emerging from 2020 onwards and growing rapidly up to 2030.
8Majority of the new supply will come from North America and potentially also from East Africa.
8In the next 15 years, 55% of the market growth will come from established LNG markets, 30% from newly importing LNG markets, 15% from entirely new markets and 10% from downstream LNG
Click on Reports for more Details
8Buyers and sellers of gas look at how the global gas markets are going to develop from their own perspectives.
8Shell's estimates see supply exceeding demand only for a short while in 2020 even though there is 100 MMTPA of LNG supply growth between 2015-20.
8Its projections show a demand-supply gap slowly emerging from 2020 onwards and growing rapidly up to 2030.
8Majority of the new supply will come from North America and potentially also from East Africa.
8In the next 15 years, 55% of the market growth will come from established LNG markets, 30% from newly importing LNG markets, 15% from entirely new markets and 10% from downstream LNG
Click on Reports for more Details
Even though reluctantly, GAIL will have to emerge as a trading company worldwide.
8One reason for doing so is because it may not be able to sell the entire quantum of 5.8 MMTPA of LNG sourced out of the US in the Indian market.
8The other reason is because it wants to continue bringing in long term and spot cargoes into the Indian market.
8It can learn how to mix and match sourcing of LNG with its sales from a company like Shell, which is the world's largest seller of LNG.
8Of the multinational's total sales of 68 MMTPA today, it controls only 30 MMTPA of liquefaction capacity.
8Term purchases make up 18% of its sales volumes while the rest consists of spot purchases.
8On the sale front, short term cargoes make up a large chunk of its sales than spot purchases.
8More than 60% of its sales are oil indexed and just 25% of its volumes are based on gas hub pricing.
Click on Reports for more Details
8One reason for doing so is because it may not be able to sell the entire quantum of 5.8 MMTPA of LNG sourced out of the US in the Indian market.
8The other reason is because it wants to continue bringing in long term and spot cargoes into the Indian market.
8It can learn how to mix and match sourcing of LNG with its sales from a company like Shell, which is the world's largest seller of LNG.
8Of the multinational's total sales of 68 MMTPA today, it controls only 30 MMTPA of liquefaction capacity.
8Term purchases make up 18% of its sales volumes while the rest consists of spot purchases.
8On the sale front, short term cargoes make up a large chunk of its sales than spot purchases.
8More than 60% of its sales are oil indexed and just 25% of its volumes are based on gas hub pricing.
Click on Reports for more Details
Royal Dutch Shell has targeted India as one of the biggest markets for sale of its LNG.
8It sees itself as a promoter in two new LNG terminals.
8The multinational will also have substantial booking rights in a third terminal.
8Two terminals are in the West Coast of India
8A third terminal is coming up on the East Coast.
8India is the only country in the world where Shell will have interests in three LNG gasification terminals
8Shell is also targeting India for oil products.
India will be one of the few regions in the world where Shell will be actively involved in marketing led growth of the oil products market.
Click on Reports for more Details
8It sees itself as a promoter in two new LNG terminals.
8The multinational will also have substantial booking rights in a third terminal.
8Two terminals are in the West Coast of India
8A third terminal is coming up on the East Coast.
8India is the only country in the world where Shell will have interests in three LNG gasification terminals
8Shell is also targeting India for oil products.
India will be one of the few regions in the world where Shell will be actively involved in marketing led growth of the oil products market.
Click on Reports for more Details
The website carries here a business development opportunity for laying a product pipeline in India.
Along with the pipeline, there will also be:
8T-point facilities at the hook-up point
8Delivery facilities
8Telecommunication and cathodic protection facilities
8A SCADA system
Click on Reports for more Details
Along with the pipeline, there will also be:
8T-point facilities at the hook-up point
8Delivery facilities
8Telecommunication and cathodic protection facilities
8A SCADA system
Click on Reports for more Details
Before LNG can be fed into a network, it has to be returned into its gaseous state by expanding its volume by a factor of 600.
8Regasification essentially means controlled warming of the liquefied gas from its cryogenic phase at –162°C to ambient temperature using seawater or another heat source.
8Traditionally this has been done by land-based regasification plants located near LNG carrier terminals in ports. In 2015 more than 90 per cent of global LNG gasification occurred in onshore plants.
8However, inland structures usually require many years of planning and are subject to complex permitting procedures involving safety, environmental and other considerations.
8Once installed, they are there to stay regardless of changing energy needs.
8In this context, moving regasification offshore offers various advantages.
8Fixed or floating offshore gasification plants are unaffected by the long planning cycles of onshore plants, require no space on land and can be placed away from people, shipping lanes and port traffic.
8Floating gasification units can be moved to a new location when the demand situation changes.
8They require lower capex than onshore plants, are flexible and cost-effective and are increasingly used to supply natural gas to smaller markets or as temporary solutions while permanent onshore plants are under construction.
Click on Reports for more Details
8Regasification essentially means controlled warming of the liquefied gas from its cryogenic phase at –162°C to ambient temperature using seawater or another heat source.
8Traditionally this has been done by land-based regasification plants located near LNG carrier terminals in ports. In 2015 more than 90 per cent of global LNG gasification occurred in onshore plants.
8However, inland structures usually require many years of planning and are subject to complex permitting procedures involving safety, environmental and other considerations.
8Once installed, they are there to stay regardless of changing energy needs.
8In this context, moving regasification offshore offers various advantages.
8Fixed or floating offshore gasification plants are unaffected by the long planning cycles of onshore plants, require no space on land and can be placed away from people, shipping lanes and port traffic.
8Floating gasification units can be moved to a new location when the demand situation changes.
8They require lower capex than onshore plants, are flexible and cost-effective and are increasingly used to supply natural gas to smaller markets or as temporary solutions while permanent onshore plants are under construction.
Click on Reports for more Details
If GAIL finds building LNG vessels a risky business, should it try its hand at building a few Floating Storage and Regasification Units (FRSUs) instead?
8If the LNG vessel market is over supplied, it can always hire the vessels from the market to ferry 5.8 MMTPA of LNG it has contracted to buy from the US.
8Unlike the market for vessels, the one for FSRUs is characterized by strong demand and rising charter rates.
8The demand for FSRUs is expected to remain high. New importing countries are using FRSUs as an easy way to bring in LNG. Five of seven countries with LNG import projects expected to be launched in 2016 or 2017 will use FSRUs.
8The trend now seems to be towards building small scale FRSUs catering to a bunch of dedicated customers. India's vast coastline and an increasing network of pipelines allow for such FRSUs to come up at various entry points.
8In search for markets around the world or in India to market its captive LNG, GAIL can even look at using dual use FRSUs.
8These FSRUs can double as standard LNG carriers when not under stationary contract.
8Different approaches to FRSUs aim to optimize flexibility, capex and opex while accommodating various technical requirements and local installation situations.
8This is one idea that GAIL should put a team to work upon.
Click on Reports for more Details
8If the LNG vessel market is over supplied, it can always hire the vessels from the market to ferry 5.8 MMTPA of LNG it has contracted to buy from the US.
8Unlike the market for vessels, the one for FSRUs is characterized by strong demand and rising charter rates.
8The demand for FSRUs is expected to remain high. New importing countries are using FRSUs as an easy way to bring in LNG. Five of seven countries with LNG import projects expected to be launched in 2016 or 2017 will use FSRUs.
8The trend now seems to be towards building small scale FRSUs catering to a bunch of dedicated customers. India's vast coastline and an increasing network of pipelines allow for such FRSUs to come up at various entry points.
8In search for markets around the world or in India to market its captive LNG, GAIL can even look at using dual use FRSUs.
8These FSRUs can double as standard LNG carriers when not under stationary contract.
8Different approaches to FRSUs aim to optimize flexibility, capex and opex while accommodating various technical requirements and local installation situations.
8This is one idea that GAIL should put a team to work upon.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Providing Domestic PNG connections Including GI/ CU pipe Installation & Last Mile Connectivity at Consumer End, Bengaluru [Gail Gas Limited] Details
8Topographical survey and Geo- technical investigation works for Motihari-Raxual link pipeline section under PMBPL pipeline project [IOC] Details
8Procurement of Non-invasive, Clamp on type Ultrasonic Flowmeter, Lepetkata [BCPL] Details
8Supply of Acetylene gas, Oxygen Gas, Hydrogen Gas & Nitrogen Gas, Barauni Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Numaligarh Refinery Limited dispatches paraffin Wax to Kenya Details
8Core sector reform: BPCL allowed to raise foreign holding to up to 49% Details
8World oil reserves stable despite drop in investment: BP Details
8Niger Delta militants reject offer of talks, blow up Chevron well Details
8Cheap Canadian gas imports may prolong U.S. energy industry's rout Details
8Gujarat Refinery commissions third solar Power Plant Details
8Oil exporters must do more to balance budgets: IMF Details
8No new Australian LNG projects doesn't mean no new LNG: Russell Details
8More than 19 lakh people to be trained over next 10 years in oil and gas sector Details
8Crude oil futures rise 1.06 per cent on Asian cues Details
8RIL agrees to end gas price dispute with government Details
8Here’s what can drive upside for ONGC Details
8Cairn non-executive directors set for a commission windfall Details
8More than one lakh connections released under the Pradhan Mantri Ujjwala Yojana Details
You can also click on Newsclips for more Details
8Providing Domestic PNG connections Including GI/ CU pipe Installation & Last Mile Connectivity at Consumer End, Bengaluru [Gail Gas Limited] Details
8Topographical survey and Geo- technical investigation works for Motihari-Raxual link pipeline section under PMBPL pipeline project [IOC] Details
8Procurement of Non-invasive, Clamp on type Ultrasonic Flowmeter, Lepetkata [BCPL] Details
8Supply of Acetylene gas, Oxygen Gas, Hydrogen Gas & Nitrogen Gas, Barauni Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Numaligarh Refinery Limited dispatches paraffin Wax to Kenya Details
8Core sector reform: BPCL allowed to raise foreign holding to up to 49% Details
8World oil reserves stable despite drop in investment: BP Details
8Niger Delta militants reject offer of talks, blow up Chevron well Details
8Cheap Canadian gas imports may prolong U.S. energy industry's rout Details
8Gujarat Refinery commissions third solar Power Plant Details
8Oil exporters must do more to balance budgets: IMF Details
8No new Australian LNG projects doesn't mean no new LNG: Russell Details
8More than 19 lakh people to be trained over next 10 years in oil and gas sector Details
8Crude oil futures rise 1.06 per cent on Asian cues Details
8RIL agrees to end gas price dispute with government Details
8Here’s what can drive upside for ONGC Details
8Cairn non-executive directors set for a commission windfall Details
8More than one lakh connections released under the Pradhan Mantri Ujjwala Yojana Details
You can also click on Newsclips for more Details
Has the prospect of a Rs 20,000 crore proposal by Numaligarh Refinery Ltd (NRL) to expand its refinery capacity from 3 to 9 MMTPA improved now that a BJP government is firmly entrenched in Assam? Besides an expansion of capacity, the project involves the building of a crude pipeline all the way from Paradip or Haldia to Numaligarh.
8Last heard, BPCL, the promoter of NRL, had asked the central government for a Rs.8,800 crore capital subsidy for the Rs.20,000 crore expansion plan
8The capital subsidy alone will not be enough to make the refinery viable. BPCL has said that the excise duty relief of 50% already available on products sold by the Numaligarh refinery because it is based in the North East, should be made 100% to enable the expansion to take place.
8After the Modi government came to power, the North East Industrial Policy that granted a 50% excise duty relief was put on hold by the industry ministry on the ground that there wasn't enough allocation for funds to subsidize the policy. But will there be an about turn now?
8Making the refinery will be daunting prospect for the government, both at the centre and the state.
8When the refinery is expanded, most of the the extra capacity will only cater to demand originating outside of the North East. The industrial climate in the region is poor and it is unlikely that enough demand for petroleum products will be created there to keep a 9 MMTPA refinery going. There are three other refineries already operational in Assam and jostling for market share.
8What is the point of importing crude via a pipeline all the way from the East Coast, either from Haldia or Paradip, and then taking finished products back, perhaps for the same distance to the mainland through a pipeline that will run parallel to the one importing crude?
8A 6 MMTPA refining capacity is sought to be built with a capital subsidy of Rs 8000 crore and a excise duty relief amounting to a whopping Rs 8400 crore a year!
Click on Details for more. Details
8Last heard, BPCL, the promoter of NRL, had asked the central government for a Rs.8,800 crore capital subsidy for the Rs.20,000 crore expansion plan
8The capital subsidy alone will not be enough to make the refinery viable. BPCL has said that the excise duty relief of 50% already available on products sold by the Numaligarh refinery because it is based in the North East, should be made 100% to enable the expansion to take place.
8After the Modi government came to power, the North East Industrial Policy that granted a 50% excise duty relief was put on hold by the industry ministry on the ground that there wasn't enough allocation for funds to subsidize the policy. But will there be an about turn now?
8Making the refinery will be daunting prospect for the government, both at the centre and the state.
8When the refinery is expanded, most of the the extra capacity will only cater to demand originating outside of the North East. The industrial climate in the region is poor and it is unlikely that enough demand for petroleum products will be created there to keep a 9 MMTPA refinery going. There are three other refineries already operational in Assam and jostling for market share.
8What is the point of importing crude via a pipeline all the way from the East Coast, either from Haldia or Paradip, and then taking finished products back, perhaps for the same distance to the mainland through a pipeline that will run parallel to the one importing crude?
8A 6 MMTPA refining capacity is sought to be built with a capital subsidy of Rs 8000 crore and a excise duty relief amounting to a whopping Rs 8400 crore a year!
Click on Details for more. Details
Engineers India Ltd has emerged as a formidable contender for future EPC contracts for urea-ammonia projects.
8These jobs are now likely to come from ONCG, NTPC and Coal India Ltd (CIL)-NFL combine which have been roped in by the government to construct three more urea-ammonia plants, at a cost of around Rs 18,000 crore.
8Under directions from the Prime Minister's Office (PMO), ONGC is meant to form a joint venture with Hindustan Fertilizer Corporation Ltd (HFCL) for revival of urea plant at Barauni. Fertilizer Corporation of India Ltd (FCIL) will form two separate joint ventures, one with NFL (with CIL) and NTPC for revival of the Sindri and Gorakhpur units respectively.
8However as of date none of these JVs has been finalized.
8Click on Details for more on why EIL is going to be a tough contender.
8Also click on Projects on our website, www.indianpetroplus.com, to look up our software. Details
8These jobs are now likely to come from ONCG, NTPC and Coal India Ltd (CIL)-NFL combine which have been roped in by the government to construct three more urea-ammonia plants, at a cost of around Rs 18,000 crore.
8Under directions from the Prime Minister's Office (PMO), ONGC is meant to form a joint venture with Hindustan Fertilizer Corporation Ltd (HFCL) for revival of urea plant at Barauni. Fertilizer Corporation of India Ltd (FCIL) will form two separate joint ventures, one with NFL (with CIL) and NTPC for revival of the Sindri and Gorakhpur units respectively.
8However as of date none of these JVs has been finalized.
8Click on Details for more on why EIL is going to be a tough contender.
8Also click on Projects on our website, www.indianpetroplus.com, to look up our software. Details
We have launched our new project monitoring software.
8We are proud to claim, immodestly perhaps, that we have developed one of the world's most sophisticated project monitoring softwares. It comes integrated with a CRM package.
8We capture hundreds of parameters around a project in the software.
8The software is also capable of generating hundreds of pages of detailed reports from its MSQL database, giving you dozens of ways to slice up the information.
8At the backend, we only employ engineers to feed in primary data from our contacts around the country.
8Importantly, it is not a static but a dynamic software that moves with a project, giving you scores of updates, from pre-planning to commissioning.
8The software can forecast future project movements based on existing progress parameters.
8For example, in the KG-DWN-98/2 block, we know exactly how far the project has progressed and we can estimate project activities, from one month to a year and for a longer period as the project moves beyond the selection of consultants.
8Regular interactions with key owner contacts, potential consultants as well as equipment and service providers allow us to bring you updates as and when any of the many parameters we monitor changes. The change can happen in a week or in a few months. An alert will go to you as and when they occur. An update can be a minor one like the postponement of an RFQ date or a major change that involves multiple parameters.
8We spend the bulk of our time providing you verified contacts associated with a project -- at the level of the owner or the contractor or sub contractor -- along with their telephone numbers.
8Our archiving system allows you to keep track of how the project has moved over time. Every change is captured in our archives.
8The scale of our ambition is vast and so we are still filling in parts of our software. We now have updates on select high value petroleum projects. As for fertilizer projects, our other area of specialization, we have captured the full gamut of activity around all projects.
8A business development executive usually exudes confidence on his coverage of his area of operation but he will be surprised with what the software can throw up.
8A live analyst will always be there to support you. You just have to pick up the phone and call.
8Click on the "Projects" button on our site, www.indianpetroplus.com and go to the products and services page to know more
8Don't forget to fill up the Registration form. One of us will get back in touch with you. Details
8We are proud to claim, immodestly perhaps, that we have developed one of the world's most sophisticated project monitoring softwares. It comes integrated with a CRM package.
8We capture hundreds of parameters around a project in the software.
8The software is also capable of generating hundreds of pages of detailed reports from its MSQL database, giving you dozens of ways to slice up the information.
8At the backend, we only employ engineers to feed in primary data from our contacts around the country.
8Importantly, it is not a static but a dynamic software that moves with a project, giving you scores of updates, from pre-planning to commissioning.
8The software can forecast future project movements based on existing progress parameters.
8For example, in the KG-DWN-98/2 block, we know exactly how far the project has progressed and we can estimate project activities, from one month to a year and for a longer period as the project moves beyond the selection of consultants.
8Regular interactions with key owner contacts, potential consultants as well as equipment and service providers allow us to bring you updates as and when any of the many parameters we monitor changes. The change can happen in a week or in a few months. An alert will go to you as and when they occur. An update can be a minor one like the postponement of an RFQ date or a major change that involves multiple parameters.
8We spend the bulk of our time providing you verified contacts associated with a project -- at the level of the owner or the contractor or sub contractor -- along with their telephone numbers.
8Our archiving system allows you to keep track of how the project has moved over time. Every change is captured in our archives.
8The scale of our ambition is vast and so we are still filling in parts of our software. We now have updates on select high value petroleum projects. As for fertilizer projects, our other area of specialization, we have captured the full gamut of activity around all projects.
8A business development executive usually exudes confidence on his coverage of his area of operation but he will be surprised with what the software can throw up.
8A live analyst will always be there to support you. You just have to pick up the phone and call.
8Click on the "Projects" button on our site, www.indianpetroplus.com and go to the products and services page to know more
8Don't forget to fill up the Registration form. One of us will get back in touch with you. Details
For reference purposes the website carries here the following tenders:
8Procurement of NIU Catalyst [HPCL] Details
8Laying and Construction of Pipelines along with associated works for Kochi-Koottanad-Bangalore-Mangalore Pipeline Project [GAIL] Details
8Supply of Pressure Transmitters, Panipat Refinery & Petrochemical Complex [IOC] Details
8Laying ,Installation and Termination of cable for Mass Flow Meters connectivity of upcoming Biturox Project [IOC] Details
8ARC for online sealing of steam, Hydrocarbon, acid and other leaks, Panipat Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IEA: Gas demand growth to slow to an average 1.5 per cent a year globally through 2021 Details
8ONGC, Coal India may not call the shots in energy market anymore Details
8Oil hits 8-month highs on U.S. inventory draw, China imports Details
8Japan's Toho Gas buys U.S.-sourced LNG from Mitsubishi Corp Details
8Russia's gas revenues down 29 per cent Details
8Shell to exit up to 10 countries in cost cutting drive after BG deal Details
8Oil market is back in balance: Kemp Details
8Andhra CM for oil refinery plant in Krishna district Details
8Beyond Oil & Gas: Saudi Arabia's National Transformation Programme 2020 Details
8Beijing rattled, says India's Chabahar hopes won't live up to 'high-sounding rhetoric' Details
8Asia's stubborn naphtha glut seen lasting months Details
8India beats Japan in oil use, only next to US, China Details
8India becomes third largest oil consumer Details
8IOC to begin supplying gas from new refinery within 2 weeks Details
You can also click on Newsclips for more Details
8Procurement of NIU Catalyst [HPCL] Details
8Laying and Construction of Pipelines along with associated works for Kochi-Koottanad-Bangalore-Mangalore Pipeline Project [GAIL] Details
8Supply of Pressure Transmitters, Panipat Refinery & Petrochemical Complex [IOC] Details
8Laying ,Installation and Termination of cable for Mass Flow Meters connectivity of upcoming Biturox Project [IOC] Details
8ARC for online sealing of steam, Hydrocarbon, acid and other leaks, Panipat Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IEA: Gas demand growth to slow to an average 1.5 per cent a year globally through 2021 Details
8ONGC, Coal India may not call the shots in energy market anymore Details
8Oil hits 8-month highs on U.S. inventory draw, China imports Details
8Japan's Toho Gas buys U.S.-sourced LNG from Mitsubishi Corp Details
8Russia's gas revenues down 29 per cent Details
8Shell to exit up to 10 countries in cost cutting drive after BG deal Details
8Oil market is back in balance: Kemp Details
8Andhra CM for oil refinery plant in Krishna district Details
8Beyond Oil & Gas: Saudi Arabia's National Transformation Programme 2020 Details
8Beijing rattled, says India's Chabahar hopes won't live up to 'high-sounding rhetoric' Details
8Asia's stubborn naphtha glut seen lasting months Details
8India beats Japan in oil use, only next to US, China Details
8India becomes third largest oil consumer Details
8IOC to begin supplying gas from new refinery within 2 weeks Details
You can also click on Newsclips for more Details
Work is on to get three giant urea-ammonia plants -- with a total investment of Rs approximately Rs 18,000 crore -- off the ground.
8The bhumi puja on Chambal Fertilizer's plant at Gadepan was conducted on Monday in front of a team from Toyo Engineering, the EPC contractor.
8The zero date for the project was March 15, 2016 and commissioning date has been fixed for January 19, 2019.
8Click on Details for the zero dates for RCF's Thal project and NFL's Ramagundam urea-ammonia project along with activities of their respective EPC contractors.
8Contracting for all three units are currently on.
8The zero date for the urea-ammonia plant at Ramagundam was September 25, 2015. Site leveling work has been done and construction work is beginning.
Click on Details for more
8Also click on Projects on our website, www.indianpetroplus.com, to look up our software Details
8The bhumi puja on Chambal Fertilizer's plant at Gadepan was conducted on Monday in front of a team from Toyo Engineering, the EPC contractor.
8The zero date for the project was March 15, 2016 and commissioning date has been fixed for January 19, 2019.
8Click on Details for the zero dates for RCF's Thal project and NFL's Ramagundam urea-ammonia project along with activities of their respective EPC contractors.
8Contracting for all three units are currently on.
8The zero date for the urea-ammonia plant at Ramagundam was September 25, 2015. Site leveling work has been done and construction work is beginning.
Click on Details for more
8Also click on Projects on our website, www.indianpetroplus.com, to look up our software Details
The petroleum ministry has ordered the DGH to appoint an expert consultant to provide a report on the restructuring of DGH.
8The consultant will study the current structure and mandate of the DGH in relation to similar set ups in other oil producing countries.
8Under the earlier government, an in-house study was done by the DGH on various upstream regulatory bodies existing worldwide.
8A report calling for change was prepared in December 2014 and submitted to the ministry for consideration.
8Based on the report, the ministry then felt it felt it necessary to deliberate the issue with an expert consulting organization based on what the international experience was with respect to such regulators.
Click on Reports for more. Details
8The consultant will study the current structure and mandate of the DGH in relation to similar set ups in other oil producing countries.
8Under the earlier government, an in-house study was done by the DGH on various upstream regulatory bodies existing worldwide.
8A report calling for change was prepared in December 2014 and submitted to the ministry for consideration.
8Based on the report, the ministry then felt it felt it necessary to deliberate the issue with an expert consulting organization based on what the international experience was with respect to such regulators.
Click on Reports for more. Details
Petroleum ministry officials always find themselves on the backfoot when answering pointed questions on their unwillingness to grant full autonomy to the DGH.
8The answers are invariably evasive as the rationale for making the DGH autonomous is so strong that a reasonable counter argument is not easily available for the ministry to conjure up.
8"It is commonly understood that, a Regulator is deemed to be independent if appeals against its decision lie to a body independent of the Govt. e.g. CCI, PNGRB, CERC etc. In that sense DGH is not independent. The upstream regulators in all countries function under the control of the respective Governments," a ministry representative said in answer to a pointed question by the Standing Committee.
8"For certain functions (downstream sector), PNGRB is a regulator. For other functions (upstream sector), there is no regulator", the ministry goes on to add.
8A year ago went it on the admit before the Standing Committee that the DGH's "performance could and should have been much better, there is no doubt about it."
Click on Reports for more. Details
8The answers are invariably evasive as the rationale for making the DGH autonomous is so strong that a reasonable counter argument is not easily available for the ministry to conjure up.
8"It is commonly understood that, a Regulator is deemed to be independent if appeals against its decision lie to a body independent of the Govt. e.g. CCI, PNGRB, CERC etc. In that sense DGH is not independent. The upstream regulators in all countries function under the control of the respective Governments," a ministry representative said in answer to a pointed question by the Standing Committee.
8"For certain functions (downstream sector), PNGRB is a regulator. For other functions (upstream sector), there is no regulator", the ministry goes on to add.
8A year ago went it on the admit before the Standing Committee that the DGH's "performance could and should have been much better, there is no doubt about it."
Click on Reports for more. Details
