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Jun 2017
Global LPG demand is growing at a rapid rate, with India's import up 40% led by household use in rural areas as the government continues to add new subsidised connections
8The Chinese on the other hand has also buying more LPG but unlike India bulk of it goes as feedstock
8The website carries here a detailed profile of the LNG industry as of now
Also documented here:
8VLGC freight rates and projected rates
8Project VLGC fleet additions
8Projected production volumes of LNG
Click on Reports for more Details
8The Chinese on the other hand has also buying more LPG but unlike India bulk of it goes as feedstock
8The website carries here a detailed profile of the LNG industry as of now
Also documented here:
8VLGC freight rates and projected rates
8Project VLGC fleet additions
8Projected production volumes of LNG
Click on Reports for more Details
Crude oil production during May, 2017 was 3099.48 TMT which is 0.35% lower than target but 0.73% higher when compared with May 2016.Cumulative crude oil production during AprilMay, 2017 was 6038.33 TMT which is 1.16% lower than target for the period but 0.07% higher than production during corresponding period of last year.
8Natural gas production during May, 2017 was 2768.89 MMSCM which is 5.19% lower than the target for the month but 4.16% higher when compared with May, 2016. Cumulative natural gas production during AprilMay, 2017 was 5302.50 MMSCM which is 7.13% lower than target for the period but 3.04% higher than last year.
Click on Reports for more Details
8Natural gas production during May, 2017 was 2768.89 MMSCM which is 5.19% lower than the target for the month but 4.16% higher when compared with May, 2016. Cumulative natural gas production during AprilMay, 2017 was 5302.50 MMSCM which is 7.13% lower than target for the period but 3.04% higher than last year.
Click on Reports for more Details
A new argument claims that oil prices are going to stay low for a long time to come because the world has recalibrated the cost of production of oil in the last two years.
8This trend first became evident in the U.S. The collapse in revenues, along with heavy debt burdens, led to multiple bankruptcies and the expectation that prices would be “lower for longer.” Shale producers had no choice but to slash costs if they wanted to survive. In the process, they became more efficient, focused and innovative. A new well that might have cost $14 million in 2014 now costs $7 million. The gain in efficiency is so great that a dollar invested in U.S. shale today will produce about 2.5 times as much oil as a dollar invested in 2014 .
8n 2014, many thought a drop in price to $70 a barrel from $100 would shut down U.S. production. It didn’t. Today, new shale oil wells can be profitable at $40 to $50 a barrel, and some companies claim even lower. That makes possible a new surge in U.S. production—as much as 900,000 additional barrels a day over the course of this year. By next year, the U.S. is likely to hit the highest level of oil production in its entire history.
8This cost recalibration is happening everywhere. Canada’s oil sands have always been among the highest-cost, yet some new projects can produce near $50 a barrel. In Russia, costs have come down more than 50%. Even deep waters offshore can now produce at less than $50. In March the CEO of the Norwegian company Statoil said that owing to a wholesale redesign, a project in the North Sea that had originally required $75 a barrel to be economical now needs just $27 a barrel.
8This recalibration will push up supply more than had been anticipated, at least in the next few years. And if price of oil goes up, more output will kick in at much lower prices than before.
Click on Details for more Details
8This trend first became evident in the U.S. The collapse in revenues, along with heavy debt burdens, led to multiple bankruptcies and the expectation that prices would be “lower for longer.” Shale producers had no choice but to slash costs if they wanted to survive. In the process, they became more efficient, focused and innovative. A new well that might have cost $14 million in 2014 now costs $7 million. The gain in efficiency is so great that a dollar invested in U.S. shale today will produce about 2.5 times as much oil as a dollar invested in 2014 .
8n 2014, many thought a drop in price to $70 a barrel from $100 would shut down U.S. production. It didn’t. Today, new shale oil wells can be profitable at $40 to $50 a barrel, and some companies claim even lower. That makes possible a new surge in U.S. production—as much as 900,000 additional barrels a day over the course of this year. By next year, the U.S. is likely to hit the highest level of oil production in its entire history.
8This cost recalibration is happening everywhere. Canada’s oil sands have always been among the highest-cost, yet some new projects can produce near $50 a barrel. In Russia, costs have come down more than 50%. Even deep waters offshore can now produce at less than $50. In March the CEO of the Norwegian company Statoil said that owing to a wholesale redesign, a project in the North Sea that had originally required $75 a barrel to be economical now needs just $27 a barrel.
8This recalibration will push up supply more than had been anticipated, at least in the next few years. And if price of oil goes up, more output will kick in at much lower prices than before.
Click on Details for more Details
Nothing highlights more the messy planning and decision making process in ONGC than the manner in which it went around converting the company-owned Sagar Samrat rig into a Mobile Offshore Production Unit.
8The original completion date was May, 2013 and it is not known yet when the vessel will sail out of a strike torn UAE yard, where it is being converted, into ONGC waters on the Indian coast
8For ONGC, it is easy to blame the contractors, in this case a small Indian outfit called Mercator Offshore and UAE based Gulf Piping Company, which is now in deep financial trouble.
8But the big part of the blame for the delay must be squarely on ONGC and its design and planning teams and this website explains why
8Should there then be a full investigation into the run up to the award of the contract and the series of wrong turns that the contract subsequently took?
Click on Details for more Details
8The original completion date was May, 2013 and it is not known yet when the vessel will sail out of a strike torn UAE yard, where it is being converted, into ONGC waters on the Indian coast
8For ONGC, it is easy to blame the contractors, in this case a small Indian outfit called Mercator Offshore and UAE based Gulf Piping Company, which is now in deep financial trouble.
8But the big part of the blame for the delay must be squarely on ONGC and its design and planning teams and this website explains why
8Should there then be a full investigation into the run up to the award of the contract and the series of wrong turns that the contract subsequently took?
Click on Details for more Details
The real cost of the conversion of the Sagar Samrat into a mobile production unit cannot be just the cost of the conversion.
8The original cost of the project was $ 150 million
8Subsequently on account of many changes in the scope of the work, the cost has gone up by another $ 45 million
8But the real cost runs into hundreds of millions of dollars
Click on Details to find out more. Details
8The original cost of the project was $ 150 million
8Subsequently on account of many changes in the scope of the work, the cost has gone up by another $ 45 million
8But the real cost runs into hundreds of millions of dollars
Click on Details to find out more. Details
For reference purposes the website carries here the following tenders:
8Supply of Process Chemicals for KG-OSN-2001/3 Block Details
8Hiring of agency for providing various support services at Onshore Gas Terminal in East Godavari District Details
8Laying of Underground MDPE Pipelines and above Ground GI Piping for providing PNG Domestic Connections in Hyderabad for supplying of Natural Gas Details
8Corrigendum: Hiring of Third party Inspection Agency for City Gas Projects Details
8Carrying out Remote Field Electromagnetic Testing of Tubes of Exchangers at refinery Details
8Mechanical piping IBR and Non IBR both equipment erection and allied works at refinery Details
8Cleaning of Oily Sludge from ETP Drying Beds in refinery Details
8Third party Inspection of Bare Pipe and Coating of pipelines Details
8Procurement of Compressor-Reciprocating (SPP) for BS VI Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8With eye on India’s petrol pumps, Russia’s Rosneft brings in Rs 84,000 cr to buy out Essar Oil Details
8ONGC says extraction works not detrimental to environment in Tamil Nadu Details
8Russia's Rosneft CEO says takeover of India's Essar Oil is closed Details
8Brent crude oil edges back above $45 per barrel Details
8New catalyst paves way for carbon neutral fuel Details
8UK wants to revive gas extraction in oldest part of North Sea oil basin Details
8Iran begins sending gas to Iraq under major deal Details
8GST to make oil and gas business more expensive: Shell India CEO Nitin Prasad Details
8Reliance Industries, BP withdraw gas price arbitration against government Details
8WCL CMD RR Mishra gets additional charge as Coal India Director Details
You can also click on Newsclips for more Details
8Supply of Process Chemicals for KG-OSN-2001/3 Block Details
8Hiring of agency for providing various support services at Onshore Gas Terminal in East Godavari District Details
8Laying of Underground MDPE Pipelines and above Ground GI Piping for providing PNG Domestic Connections in Hyderabad for supplying of Natural Gas Details
8Corrigendum: Hiring of Third party Inspection Agency for City Gas Projects Details
8Carrying out Remote Field Electromagnetic Testing of Tubes of Exchangers at refinery Details
8Mechanical piping IBR and Non IBR both equipment erection and allied works at refinery Details
8Cleaning of Oily Sludge from ETP Drying Beds in refinery Details
8Third party Inspection of Bare Pipe and Coating of pipelines Details
8Procurement of Compressor-Reciprocating (SPP) for BS VI Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8With eye on India’s petrol pumps, Russia’s Rosneft brings in Rs 84,000 cr to buy out Essar Oil Details
8ONGC says extraction works not detrimental to environment in Tamil Nadu Details
8Russia's Rosneft CEO says takeover of India's Essar Oil is closed Details
8Brent crude oil edges back above $45 per barrel Details
8New catalyst paves way for carbon neutral fuel Details
8UK wants to revive gas extraction in oldest part of North Sea oil basin Details
8Iran begins sending gas to Iraq under major deal Details
8GST to make oil and gas business more expensive: Shell India CEO Nitin Prasad Details
8Reliance Industries, BP withdraw gas price arbitration against government Details
8WCL CMD RR Mishra gets additional charge as Coal India Director Details
You can also click on Newsclips for more Details
8The website carries here a detailed write-up on India-Kazakhstan relationship. Kazakhstan is a secular and multi cultural and can provide an Indian entrepreneur with space to think up a few business development opportunities. Click on Report for more.
8A write-up on India and China and tensions between the two over domination of the Indian ocean. Click on Report for more.
8Understanding the rapidly changing aromatics landscape and a movement away from naphtha cracking and implications for India.Click on Report for more.
8The possible outlook prices for the rest of 2017 for:
-- Henry Hub
-- JKM
-- Oil (Dubai)
-- Refinery margin (Singapore)
-- Olefins
-- Aromatics
Click on Reports for more Details
8A write-up on India and China and tensions between the two over domination of the Indian ocean. Click on Report for more.
8Understanding the rapidly changing aromatics landscape and a movement away from naphtha cracking and implications for India.Click on Report for more.
8The possible outlook prices for the rest of 2017 for:
-- Henry Hub
-- JKM
-- Oil (Dubai)
-- Refinery margin (Singapore)
-- Olefins
-- Aromatics
Click on Reports for more Details
Is the merger of HPCL with ONGC a good idea?
8Or should it have been a merger of all the public sector oil marketing companies instead?
8Did the government do adequate due diligence or was it an idea that merely caught the fancy of the government's top brass and was handed down the line to implement?
8The merger of HPCL and ONGC does not really make a lot of material sense as both operate in distinctly different territories.
Click on Reports to find out more Details
8Or should it have been a merger of all the public sector oil marketing companies instead?
8Did the government do adequate due diligence or was it an idea that merely caught the fancy of the government's top brass and was handed down the line to implement?
8The merger of HPCL and ONGC does not really make a lot of material sense as both operate in distinctly different territories.
Click on Reports to find out more Details
The merger of HPCL with ONGC is likely to given the Indian E&P major a safety net to weather period of oil price downturns, as refining margins typically expand during such periods.
8Enhanced size is touted as a major plus point but the merged company will still be much smaller in size than the ExoonMobils of the world and tiny in comparison to the Chinese super majors
Click on Reports for a full analysis of the merger, in terms of what it will mean for the industry and how will the financials of both be impacted as a consequence Details
8Enhanced size is touted as a major plus point but the merged company will still be much smaller in size than the ExoonMobils of the world and tiny in comparison to the Chinese super majors
Click on Reports for a full analysis of the merger, in terms of what it will mean for the industry and how will the financials of both be impacted as a consequence Details
If ONGC knows, as it the world already knows, that charter hire rates for jackup rigs are going to go up in three years, what prevents the company to look at a longer term perspective given that it will continue to have a requirement for such rigs well into the future?
8One answer is that rig requirement details are never planned for more than three years in the company.
8Internal planning is not good enough to look at a longer term perspective.
8But clearly there are other business models, like the one entered by Saudi Aramco recently, that ONGC can follow that will lock up its requirement for jackup rigs from a longer period of time
Click on Reports and on Details Details
8One answer is that rig requirement details are never planned for more than three years in the company.
8Internal planning is not good enough to look at a longer term perspective.
8But clearly there are other business models, like the one entered by Saudi Aramco recently, that ONGC can follow that will lock up its requirement for jackup rigs from a longer period of time
Click on Reports and on Details Details
2017 is going to be a bad year for the floater rigs market as well
8Demand is expected to pick up in 2018 but pricing power will significantly trail demand for some time to come on account of large number of free vessels.
8Day rates are only anticipated to go up from 2019 onwards.
8An analysis of expected demand for floaters going up to 2025 is carried here
8Attrition levels are going up in this segment of the market as well but a climb in roll off of contracts will see the attrition rate go up
8Details of vessels warm stacked and cold stacked by age are carried here
8Also documented is the estimated number of current floaters which will have to be decommissioned before the market returns to balance
Click on Reports for more Details
8Demand is expected to pick up in 2018 but pricing power will significantly trail demand for some time to come on account of large number of free vessels.
8Day rates are only anticipated to go up from 2019 onwards.
8An analysis of expected demand for floaters going up to 2025 is carried here
8Attrition levels are going up in this segment of the market as well but a climb in roll off of contracts will see the attrition rate go up
8Details of vessels warm stacked and cold stacked by age are carried here
8Also documented is the estimated number of current floaters which will have to be decommissioned before the market returns to balance
Click on Reports for more Details
More blood bath will be needed in the jack-up rigs market before a supply-demand balance can be struck.
8The website carries here a full analysis of jack-up rig attritions since 2014 till 2017 as also the cumulative attrition so far
8The fact that the market is bad is evident from the attrition rate is still slow and it will need to pick up speed before balance can be achieved.
8As many as 168 jack-up rigs will have to be removed from the market before balance can return
Click on Reports for a full analysis. Details
8The website carries here a full analysis of jack-up rig attritions since 2014 till 2017 as also the cumulative attrition so far
8The fact that the market is bad is evident from the attrition rate is still slow and it will need to pick up speed before balance can be achieved.
8As many as 168 jack-up rigs will have to be removed from the market before balance can return
Click on Reports for a full analysis. Details
2017 is a bad year for jack-up companies as there is expected to be a dramatic increase in roll off in the jack-up market.
8Some of these rigs are to be in the race for the ONGC contract.
8Older rigs are being retired in the face of falling orders but more force attrition of remaining older rigs are expected to begin this year.
8The website carries here details how all existing jack-up rig contacts and how the contracts of existing rigs are going to roll off over the next few years.
8Rig rates are therefore expected to stay down as owners face the prospect of bidding low to keep their rigs working or face the prospect of retiring them permanently.
8Variable cost coverage will be the basis for price bids for the ONGC tender, as a result
8The composition of old vs new rigs in the roll off is also tabulated
Click on Reports for more Details
8Some of these rigs are to be in the race for the ONGC contract.
8Older rigs are being retired in the face of falling orders but more force attrition of remaining older rigs are expected to begin this year.
8The website carries here details how all existing jack-up rig contacts and how the contracts of existing rigs are going to roll off over the next few years.
8Rig rates are therefore expected to stay down as owners face the prospect of bidding low to keep their rigs working or face the prospect of retiring them permanently.
8Variable cost coverage will be the basis for price bids for the ONGC tender, as a result
8The composition of old vs new rigs in the roll off is also tabulated
Click on Reports for more Details
ONGC has extended the last date for submission of documents for charter hire of 8 jack-up rigs for three years to June 30, 2017 in order to be able to allow more bidders to come in.
8This is a tender that has cheered the otherwise depressed global jack-up market which is currently going through its most difficult phase.
8The day rates are likely to fall from from what were ONGC's last hiring rates.
8Improvements in day rates are not anticipated until later in the decade. Historically, marketed utilization must return to about 85% for pricing power to return to the jack-up industry.
8For reference purposes, the website carries here an analysis of what kind of prices are expected and what are ONGC's own reserve prices for such rigs
Click on Details for more Details
8This is a tender that has cheered the otherwise depressed global jack-up market which is currently going through its most difficult phase.
8The day rates are likely to fall from from what were ONGC's last hiring rates.
8Improvements in day rates are not anticipated until later in the decade. Historically, marketed utilization must return to about 85% for pricing power to return to the jack-up industry.
8For reference purposes, the website carries here an analysis of what kind of prices are expected and what are ONGC's own reserve prices for such rigs
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Technical Consultant for implementation of City Gas Distribution Project Details
8ARC for supply of Fabrication Group to carry out Pipeline and structural jobs in refinery Details
8Annual Rate Contract for attending leaks in Underground GRP Pipeline Details
8Partial Replacement of Crude Receipt Line Details
8Supply of Pressure safety valves to refinery Details
8Supply of Boiler Heat Recovery Steam Generator Spares at refinery Details
8Supply of Piston Ring and Rider Ring of Reciprocating Compressor in Oil refinery Details
8Supply of Gaseous Nitrogen thru Pipeline in refinery Details
8Installation of VDU Column Bottom Pumps and VDU Pre-Condenser Modification Jobs along with related Mechanical, Piping and Civil jobs Details
8Supply of Portable Ignitors for Oil refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil firms could waste trillions if climate targets reached: Report Details
8Norway offers record number of blocks for Arctic oil exploration Details
8IDCO issues show cause notice to IOCL Details
8Petronet in talks to buy stake in GSPC's Mundra LNG terminal Details
8OPINION: Woes spill over in oil market; who is to be blamed for price crash? Details
8OPEC, non-OPEC compliance with oil cuts hits highest in May - source Details
8Oil holds near multi-month lows as glut fears persist Details
8Interview: From Middle East to Argentina, France's Total bets on cheap resources Details
8BPCL seeks 70,000 tonnes petrol to plug supply gap Details
8Petronet LNG Ltd in talks to buy stake in GSPC's Mundra Details
8Govt advises RINL to foray into renewable energy, reduce dependence on fossil fuels Details
8Petroleum products’ net exports slip 42 per cent on high home usage Details
8Major bureaucratic reshuffle; renewable energy secretary Rajeev Kapoor moved to petrochem department Details
8Govt plans mega launch of GST on midnight of June 30 Details
You can also click on Newsclips for more Details
8Hiring of Technical Consultant for implementation of City Gas Distribution Project Details
8ARC for supply of Fabrication Group to carry out Pipeline and structural jobs in refinery Details
8Annual Rate Contract for attending leaks in Underground GRP Pipeline Details
8Partial Replacement of Crude Receipt Line Details
8Supply of Pressure safety valves to refinery Details
8Supply of Boiler Heat Recovery Steam Generator Spares at refinery Details
8Supply of Piston Ring and Rider Ring of Reciprocating Compressor in Oil refinery Details
8Supply of Gaseous Nitrogen thru Pipeline in refinery Details
8Installation of VDU Column Bottom Pumps and VDU Pre-Condenser Modification Jobs along with related Mechanical, Piping and Civil jobs Details
8Supply of Portable Ignitors for Oil refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil firms could waste trillions if climate targets reached: Report Details
8Norway offers record number of blocks for Arctic oil exploration Details
8IDCO issues show cause notice to IOCL Details
8Petronet in talks to buy stake in GSPC's Mundra LNG terminal Details
8OPINION: Woes spill over in oil market; who is to be blamed for price crash? Details
8OPEC, non-OPEC compliance with oil cuts hits highest in May - source Details
8Oil holds near multi-month lows as glut fears persist Details
8Interview: From Middle East to Argentina, France's Total bets on cheap resources Details
8BPCL seeks 70,000 tonnes petrol to plug supply gap Details
8Petronet LNG Ltd in talks to buy stake in GSPC's Mundra Details
8Govt advises RINL to foray into renewable energy, reduce dependence on fossil fuels Details
8Petroleum products’ net exports slip 42 per cent on high home usage Details
8Major bureaucratic reshuffle; renewable energy secretary Rajeev Kapoor moved to petrochem department Details
8Govt plans mega launch of GST on midnight of June 30 Details
You can also click on Newsclips for more Details
Fragmentation of the market is now the new challenge for the oil and gas industry
8Service providers and equipment suppliers increasingly tailor their offerings not at the country or even regional level, but basin by basin or even company by company.
8If ONGC has set the cost benchmarks for equipment services in its KG-DWN-98/2 block, the same set of suppliers may sign up at vastly lower rates for the $ 6 billion RIL-BP block in the same area working on the variable costing model while riding piggyback on the ONGC order.
8The price follower in today's disturbing times has a distinct advantage over the one who sets the benchmark.
8In this context, ONGC's cost of production of gas can be significantly higher than of RIL-BP from an adjacent block.
8The fact that ONGC spurned an earlier RIL offer to share its massive KG Basin infrastructure coupled with early signs of delay in the KG-DWN-98/2 block will widen the price differential
8There are other big advantages of staying behind a national oil company for the RIL-BP duo.
8If for any reason ONGC's gas price is uncompetitive, the government will have to ensure that the price stays viable or its dividend income will plunge.
8For RIL-BP, keeping its breakeven levels lower than ONGC is what will matter in the KG Basin, as it will reap all the policy change advantages which will accrue to ONGC.
8Eventually, when ONGC figures out that working together will yield more clout with the government, both parties will join hands for a common cause, which is to pressurize the government to extract the concessions needed to stay viable and profitable.
8Since only landed imported gas price is the competitive constraint, both ONGC and RIL-BP will have adequate room to maneuver.
8Even as some of the world's most competitive gas producers -- spread over Russia, Canada and US -- struggle to make money, the KG Basin producers will reap in their profits at a gas production cost which will be significantly higher.
Click on Reports for more Details
8Service providers and equipment suppliers increasingly tailor their offerings not at the country or even regional level, but basin by basin or even company by company.
8If ONGC has set the cost benchmarks for equipment services in its KG-DWN-98/2 block, the same set of suppliers may sign up at vastly lower rates for the $ 6 billion RIL-BP block in the same area working on the variable costing model while riding piggyback on the ONGC order.
8The price follower in today's disturbing times has a distinct advantage over the one who sets the benchmark.
8In this context, ONGC's cost of production of gas can be significantly higher than of RIL-BP from an adjacent block.
8The fact that ONGC spurned an earlier RIL offer to share its massive KG Basin infrastructure coupled with early signs of delay in the KG-DWN-98/2 block will widen the price differential
8There are other big advantages of staying behind a national oil company for the RIL-BP duo.
8If for any reason ONGC's gas price is uncompetitive, the government will have to ensure that the price stays viable or its dividend income will plunge.
8For RIL-BP, keeping its breakeven levels lower than ONGC is what will matter in the KG Basin, as it will reap all the policy change advantages which will accrue to ONGC.
8Eventually, when ONGC figures out that working together will yield more clout with the government, both parties will join hands for a common cause, which is to pressurize the government to extract the concessions needed to stay viable and profitable.
8Since only landed imported gas price is the competitive constraint, both ONGC and RIL-BP will have adequate room to maneuver.
8Even as some of the world's most competitive gas producers -- spread over Russia, Canada and US -- struggle to make money, the KG Basin producers will reap in their profits at a gas production cost which will be significantly higher.
Click on Reports for more Details
Experts continue to ponder over conflicting gas demand, supply and pricing parameters to make sense of what the future holds in store, both for the domestic producer of gas as well as for the supplier of LNG into India.
8The latest data shows that LNG import for the month of May, 2017 was 1,936 MMSCM which was 9.58 % lower than the corresponding month of the previous year.
8The price elasticity of demand is very high in India, making it difficult to sell high priced LNG in the market in the face of low crude prices and competitive liquid fuels
8Demand is only at around 200 mmscmd at a realistic delivered gas price of $7-8/mmbtu.
8Juxtaposed against this is the looming LNG supply glut, translating into lower LNG prices but the delivered price in India continues to remain high because of all kinds of bottlenecks including a stranglehold on infrastructure by a handful of monopolistic players.
8Then again, lower ex-Dahej LNG prices act as a ceiling price for fresh domestic production from the KG basin.
8Given how LNG prices are going to behave until the supply glut disappears in 2025, the breakeven KG Basin price will have to be less than $ 6/mmbtu.
8As a result of affordability, consumption is limited and so is the outlook for consumption going forward.
8There are other looming threats in the horizon, including the electric mobility revolution, distributed power supply and falling battery costs which will eventually also eat into the demand for gas.
For reference purposes, the website carries here the following reports:
8A price elasticity of demand analysis for Indian gas for different segments of Indian industry
8Gas switching costs for different segments of Indian industry
8Current LNG capacity and capacity utilization figures.
8LNG import costs
Click on Reports for more Details
8The latest data shows that LNG import for the month of May, 2017 was 1,936 MMSCM which was 9.58 % lower than the corresponding month of the previous year.
8The price elasticity of demand is very high in India, making it difficult to sell high priced LNG in the market in the face of low crude prices and competitive liquid fuels
8Demand is only at around 200 mmscmd at a realistic delivered gas price of $7-8/mmbtu.
8Juxtaposed against this is the looming LNG supply glut, translating into lower LNG prices but the delivered price in India continues to remain high because of all kinds of bottlenecks including a stranglehold on infrastructure by a handful of monopolistic players.
8Then again, lower ex-Dahej LNG prices act as a ceiling price for fresh domestic production from the KG basin.
8Given how LNG prices are going to behave until the supply glut disappears in 2025, the breakeven KG Basin price will have to be less than $ 6/mmbtu.
8As a result of affordability, consumption is limited and so is the outlook for consumption going forward.
8There are other looming threats in the horizon, including the electric mobility revolution, distributed power supply and falling battery costs which will eventually also eat into the demand for gas.
For reference purposes, the website carries here the following reports:
8A price elasticity of demand analysis for Indian gas for different segments of Indian industry
8Gas switching costs for different segments of Indian industry
8Current LNG capacity and capacity utilization figures.
8LNG import costs
Click on Reports for more Details
By all yardsticks, the LNG gas supply business has become a dangerous high stakes game.
8If the conservative demand estimates for LNG is a mere 30 MMTPA by 2025 (established by a leading research agency), where is the room for maneuver for the spate of new LNG gasification plants which are coming in?
8Existing LNG capacity is already at 26.6 MMTPA, and with an additional 2.50 MMTPA expansion by Petronet LNG, all the capacity needed until 2025 is already there.
8The current average LNG capacity utilization level is low, and the extra demand that is likely to come up by 2025 will the fill the slack
8Their is now a furious rush to look for the non-existent or elusive gas customer by promoters of new LNG plants and suppliers.
8The demand for gas from the power sector is likely to be tepid in the face of falling power prices resulting from the spate of solar energy projects coming up coupled with tepid power demand and competition from coal based power plants. Gas based power is an unviable proposition in India as of now.
8The fertilizer segment is in the control of GAIL who is likely to fight any attempt to weaken its vice like grip on this crucial segment of industry.
8Pushing out entrenched liquid fuel consumers to switch to gas is turning out to be a frustrating struggle for gas suppliers.
8Rising domestic gas supply projections makes the picture rather bleak for the LNG industry as of the moment.
8Crude prices are again spiraling down, making liquid fuels competitive. This is going to hurt gas suppliers.
The website carries here a set of documentation to prove the conclusions drawn above. Click on Reports for more Details
8If the conservative demand estimates for LNG is a mere 30 MMTPA by 2025 (established by a leading research agency), where is the room for maneuver for the spate of new LNG gasification plants which are coming in?
8Existing LNG capacity is already at 26.6 MMTPA, and with an additional 2.50 MMTPA expansion by Petronet LNG, all the capacity needed until 2025 is already there.
8The current average LNG capacity utilization level is low, and the extra demand that is likely to come up by 2025 will the fill the slack
8Their is now a furious rush to look for the non-existent or elusive gas customer by promoters of new LNG plants and suppliers.
8The demand for gas from the power sector is likely to be tepid in the face of falling power prices resulting from the spate of solar energy projects coming up coupled with tepid power demand and competition from coal based power plants. Gas based power is an unviable proposition in India as of now.
8The fertilizer segment is in the control of GAIL who is likely to fight any attempt to weaken its vice like grip on this crucial segment of industry.
8Pushing out entrenched liquid fuel consumers to switch to gas is turning out to be a frustrating struggle for gas suppliers.
8Rising domestic gas supply projections makes the picture rather bleak for the LNG industry as of the moment.
8Crude prices are again spiraling down, making liquid fuels competitive. This is going to hurt gas suppliers.
The website carries here a set of documentation to prove the conclusions drawn above. Click on Reports for more Details
GAIL faces a tough task in pushing its committed US cargoes into India in the face of trenchant demand for imported gas.
8The company was initially looking at Europe as a demand source but competitive pipeline supplies by Russia and other low cost LNG producers mean that GAIL will not be able to offload its cargoes there
8GAIL has been unable to work out long term cargoes contracts with global LNG traders or suppliers for its US commitments but for a small quantity sold to Shell.
8Why is India then a market for GAIL's LNG particularly when it is already well supplied with LNG from everywhere?
8This is because the gas major thinks that its monopolistic supply infrastructure along with its ability to mix supplies from other sources will allow it to package a good deal to the customer.
8But the problem is that GAIL's landed cost of US LNG is going to be expensive in relation to cargoes from elsewhere.
8The exact loss to GAIL from being forced to unload its supplies to India is still not clear but it is going to be very high indeed.
8The eventual cost will depend on how low spot or even contract LNG prices go in India in the coming few years, when the LNG supply glut is likely to worsen.
Click on Reports for more Details
8The company was initially looking at Europe as a demand source but competitive pipeline supplies by Russia and other low cost LNG producers mean that GAIL will not be able to offload its cargoes there
8GAIL has been unable to work out long term cargoes contracts with global LNG traders or suppliers for its US commitments but for a small quantity sold to Shell.
8Why is India then a market for GAIL's LNG particularly when it is already well supplied with LNG from everywhere?
8This is because the gas major thinks that its monopolistic supply infrastructure along with its ability to mix supplies from other sources will allow it to package a good deal to the customer.
8But the problem is that GAIL's landed cost of US LNG is going to be expensive in relation to cargoes from elsewhere.
8The exact loss to GAIL from being forced to unload its supplies to India is still not clear but it is going to be very high indeed.
8The eventual cost will depend on how low spot or even contract LNG prices go in India in the coming few years, when the LNG supply glut is likely to worsen.
Click on Reports for more Details
The website carries here yet another study that says that demand for gas in India is likely to stay muted
8The study looks at the contrasting demand and supply scenarios in India and China to highlight the contrasting gas dynamics in the two countries
8There is also an interesting comparison chart of the overall cost of power generation in India under different fuel-mix scenarios in India
8In India, gas based power will work more as base load stations than take on peak load responsibilities
8Most gas suppliers were looking at city gas distribution as an absorbent of high levels of incremental gas but the study pegs growth to be modest in this sector in the years ahead given the large infrastructure challenges, slower urbanization and the competition from alternatives.
8The study also analyses available gas demand estimates for India and arrives at its own conclusions
Click on Reports for more Details
8The study looks at the contrasting demand and supply scenarios in India and China to highlight the contrasting gas dynamics in the two countries
8There is also an interesting comparison chart of the overall cost of power generation in India under different fuel-mix scenarios in India
8In India, gas based power will work more as base load stations than take on peak load responsibilities
8Most gas suppliers were looking at city gas distribution as an absorbent of high levels of incremental gas but the study pegs growth to be modest in this sector in the years ahead given the large infrastructure challenges, slower urbanization and the competition from alternatives.
8The study also analyses available gas demand estimates for India and arrives at its own conclusions
Click on Reports for more Details
It is time for Indian gas suppliers to learn from international experience
Find out more on how to access the following presentations:
8Consumer’s Attitude Towards Investments in Residential Energy Efficient Appliances: How End-user Choices Contribute to Change Future Energy Systems
8Understanding Natural Gas Prices: Bubbles, Oil Indexation and Structural Breaks
8The Threshold Effect Analysis of Urbanization and Energy Consumption: A Case Study of 29 Provinces in China
8Modeling Demand-Price Curve: A Clustering Approach to Derive Dynamic Elasticity for Demand Response Programs
8Enhancing Sustainable Development from Oil, Gas, Mining: From an ‘All of Government’ Approach to Partnerships for Development
8The Impact of Stricter Standards on CO2 Emission Across Industries
8Long-term Gas Contracts Evolution in the Changing Industry Environment
8Arguments For and Against LNG as a Base for Russian Gas Exports to Asia
8A Strategy of LNG Exporting Countries for Trading: Price Competition, Leadership or Collusion?
8A Reference Framework for Formulating Gas Hub Prices
8A Global Coal-Phase-Out and the International Coal Market: A Focus on Demand-side and Supply-side Policies in China and India
8Rethinking the Way to Decarbonize the Energy System: Prospective Study of Hydrogen Markets Attractiveness
8Improving the Business Case for Consumer-level Energy Storage
8Modeling a Global Energy System based on 100% Renewables
8Decarbonizing the Indian Energy System until 2050
8What Drives Natural Gas Pricing? A Cross Country Study
8The Impact of International Oil Price on Asian Natural Gas Premium Based on Dynamic Autoregressive Model
8Understanding the Value of Gas Infrastructure in Supporting Southeast Asia’s Mid-Merit Power Sector
8Reluctance to Adopt Energy Efficiency Renovation in Chinese Households – A Behavioural Perspective
8Mute Carbon Price? How to Restore Economic Incentives in Emission Trading
8Connecting the Heat and Electricity Market to Accomodate Renewable Energy
8How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding How and Why IOCs Pursue Alternative Business Models
8Can Deregulation of CNG Reverse the Outcome of Regulation?
8The Profitability of Transnational Energy Infrastructure
8OPEC Cartel Behavior: What Is Their Objective and What May Happen Now?
8Estimation of the Efficiency of Policy Measures Targeting a More Integrated Gas Market
Click on Reports for more Details
Find out more on how to access the following presentations:
8Consumer’s Attitude Towards Investments in Residential Energy Efficient Appliances: How End-user Choices Contribute to Change Future Energy Systems
8Understanding Natural Gas Prices: Bubbles, Oil Indexation and Structural Breaks
8The Threshold Effect Analysis of Urbanization and Energy Consumption: A Case Study of 29 Provinces in China
8Modeling Demand-Price Curve: A Clustering Approach to Derive Dynamic Elasticity for Demand Response Programs
8Enhancing Sustainable Development from Oil, Gas, Mining: From an ‘All of Government’ Approach to Partnerships for Development
8The Impact of Stricter Standards on CO2 Emission Across Industries
8Long-term Gas Contracts Evolution in the Changing Industry Environment
8Arguments For and Against LNG as a Base for Russian Gas Exports to Asia
8A Strategy of LNG Exporting Countries for Trading: Price Competition, Leadership or Collusion?
8A Reference Framework for Formulating Gas Hub Prices
8A Global Coal-Phase-Out and the International Coal Market: A Focus on Demand-side and Supply-side Policies in China and India
8Rethinking the Way to Decarbonize the Energy System: Prospective Study of Hydrogen Markets Attractiveness
8Improving the Business Case for Consumer-level Energy Storage
8Modeling a Global Energy System based on 100% Renewables
8Decarbonizing the Indian Energy System until 2050
8What Drives Natural Gas Pricing? A Cross Country Study
8The Impact of International Oil Price on Asian Natural Gas Premium Based on Dynamic Autoregressive Model
8Understanding the Value of Gas Infrastructure in Supporting Southeast Asia’s Mid-Merit Power Sector
8Reluctance to Adopt Energy Efficiency Renovation in Chinese Households – A Behavioural Perspective
8Mute Carbon Price? How to Restore Economic Incentives in Emission Trading
8Connecting the Heat and Electricity Market to Accomodate Renewable Energy
8How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding How and Why IOCs Pursue Alternative Business Models
8Can Deregulation of CNG Reverse the Outcome of Regulation?
8The Profitability of Transnational Energy Infrastructure
8OPEC Cartel Behavior: What Is Their Objective and What May Happen Now?
8Estimation of the Efficiency of Policy Measures Targeting a More Integrated Gas Market
Click on Reports for more Details
Find out more on how the renewable energy sector has begun making deep inroads into rural India
8This segment makes up 13 per cent of the national energy capacity, when solar grid and off-grid generation, wind power, small hydro power, biomass/ biogas, and waste to energy are all taken into account.
8Distributed renewable energy seems to be the way forward.
8The website examines the literature around the subject, including many case studies.
8Renewable energy is now a credible alternative for households and communities across the country.
8Challenges remain but the future seems to be bright
8Renewable energy will compete directly with gas in the years ahead.
Click on Reports for more Details
8This segment makes up 13 per cent of the national energy capacity, when solar grid and off-grid generation, wind power, small hydro power, biomass/ biogas, and waste to energy are all taken into account.
8Distributed renewable energy seems to be the way forward.
8The website examines the literature around the subject, including many case studies.
8Renewable energy is now a credible alternative for households and communities across the country.
8Challenges remain but the future seems to be bright
8Renewable energy will compete directly with gas in the years ahead.
Click on Reports for more Details
India is planning massive refinery capacity increases just at a time when demand for light vehicle liquid fuels are projected to fall from 2020 onwards
8Two factors impact the demand: technological disruptions and mobility advances (please see data carried here)
8It will be interesting to find out when the feasibility studies are done by IHS, a research firm hired by the oil marketing companies who are building the refinery, on what exactly are the parameters taken by the agency to arrive at India's demand estimates for liquid fuels.
8The cost economics of such massive investments are justified on the petrochemical side as demand is going to grow in the years ahead but on the liquid fuel segment, a 10 year perspective will show different outcomes, depending upon the assumptions used.
8It is harder than ever to predict the future. Big investments in assets that must be productive for three decades or more become far too risky.
8No other bunch of companies in India are faced with a transitional problem as grave as India's oil marketing companies.
8As of now, they are following the time tested Business as Usual route but it won't be long before they are forced to change track.
Click on Reports for more Details
8Two factors impact the demand: technological disruptions and mobility advances (please see data carried here)
8It will be interesting to find out when the feasibility studies are done by IHS, a research firm hired by the oil marketing companies who are building the refinery, on what exactly are the parameters taken by the agency to arrive at India's demand estimates for liquid fuels.
8The cost economics of such massive investments are justified on the petrochemical side as demand is going to grow in the years ahead but on the liquid fuel segment, a 10 year perspective will show different outcomes, depending upon the assumptions used.
8It is harder than ever to predict the future. Big investments in assets that must be productive for three decades or more become far too risky.
8No other bunch of companies in India are faced with a transitional problem as grave as India's oil marketing companies.
8As of now, they are following the time tested Business as Usual route but it won't be long before they are forced to change track.
Click on Reports for more Details
An array of energy technologies seems poised for a breakthrough.
8Within two decades, as many as 20 new energy sources could be powering the global economy, including fuel cells; small, modular nuclear-fission reactors; and even nuclear fusion.
8Fossil fuels will only be part of this mix.
8An economy based on so many technologies is unprecedented. The Industrial Revolution relied on steam engines powered by wood, water, or coal.
8In the 20th century, oil and gas were added to the mix, then nuclear fission.
8The abundant choice on the horizon raises new dilemmas.
8Securing those supplies, however, will no longer necessarily depend on access to oil, gas, and coal reserves -- access that has long colored geopolitics.
8In tomorrow’s world, access to the technologies that harness resources such as wind, sun, water, or heat from the earth’s core is likely to matter most.
8Then again, for the past half century, large players have dominated energy markets. Today, technology is spawning many smaller operators at the same time as new sources of capital emerge.
8Smart Indian entrepreneurs can step in here.
Click on Reports for more Details
8Within two decades, as many as 20 new energy sources could be powering the global economy, including fuel cells; small, modular nuclear-fission reactors; and even nuclear fusion.
8Fossil fuels will only be part of this mix.
8An economy based on so many technologies is unprecedented. The Industrial Revolution relied on steam engines powered by wood, water, or coal.
8In the 20th century, oil and gas were added to the mix, then nuclear fission.
8The abundant choice on the horizon raises new dilemmas.
8Securing those supplies, however, will no longer necessarily depend on access to oil, gas, and coal reserves -- access that has long colored geopolitics.
8In tomorrow’s world, access to the technologies that harness resources such as wind, sun, water, or heat from the earth’s core is likely to matter most.
8Then again, for the past half century, large players have dominated energy markets. Today, technology is spawning many smaller operators at the same time as new sources of capital emerge.
8Smart Indian entrepreneurs can step in here.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Job contract for Operation and Maintenance of Boilers, DM Plant and Gas Turbines Details
8Charter Hire of Offshore Jack Up Rigs under four different categories for firm period of three years Details
8Gas Sale from Motwan Field of Ankleshwar Asset Details
8Supply of Ultrasonic Flaw Detection Machine to refinery Details
8Carrying out Mechanical jobs for shutdown at refinery Details
8Process consultant for preparing Basic Engineering Design Package for OSBL Natural gas Network from Gas Terminal to FG system at refinery Details
8Procurement of Multipoint Thermocouple for pre reformer of HGU in refinery Details
8Procurement of Hydraulic set seal bore thermal packer for steam injection Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Bharat Petroleum Corp reassessing plan to build oil refinery in Allahabad Details
8These triggers may accelerate Reliance Industries' rally on the bourses Details
8Interview: France's Total to go ahead with major Iran gas project - CEO Details
8RIL's KGD6 investment to up its regulatory exposure: Moody's Details
8Australia to restrict gas exports due to domestic shortage Details
8India seeks Qatar investment, gas deal to revive power plants Details
8Debt reduced by Rs 4k crore in FY17, Rs 6.2k crore since April: Vedanta Details
8Australia pushes to cut power bills, delays gas export curbs Details
87 petrol pumps sealed for tampered meters in Mumbai Details
8India found Farzad B field set to go to Iran, Dharmendra Pradhan says do not mind at all Details
8Amid crisis, Qatar opens up access points for Indian trade Details
8India seeks to revive ailing power plants with Qatar investment Details
8Petrol, diesel prices kept unchanged for June 21; petrol to sell for Rs 64.55/litre in Delhi Details
8Indian Oil’s LPG import terminal to help reduce refill backlog in Kerala Details
8Italy's Eni signs deal with Iran on oil and gas field studies Details
You can also click on Newsclips for more Details
8Job contract for Operation and Maintenance of Boilers, DM Plant and Gas Turbines Details
8Charter Hire of Offshore Jack Up Rigs under four different categories for firm period of three years Details
8Gas Sale from Motwan Field of Ankleshwar Asset Details
8Supply of Ultrasonic Flaw Detection Machine to refinery Details
8Carrying out Mechanical jobs for shutdown at refinery Details
8Process consultant for preparing Basic Engineering Design Package for OSBL Natural gas Network from Gas Terminal to FG system at refinery Details
8Procurement of Multipoint Thermocouple for pre reformer of HGU in refinery Details
8Procurement of Hydraulic set seal bore thermal packer for steam injection Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Bharat Petroleum Corp reassessing plan to build oil refinery in Allahabad Details
8These triggers may accelerate Reliance Industries' rally on the bourses Details
8Interview: France's Total to go ahead with major Iran gas project - CEO Details
8RIL's KGD6 investment to up its regulatory exposure: Moody's Details
8Australia to restrict gas exports due to domestic shortage Details
8India seeks Qatar investment, gas deal to revive power plants Details
8Debt reduced by Rs 4k crore in FY17, Rs 6.2k crore since April: Vedanta Details
8Australia pushes to cut power bills, delays gas export curbs Details
87 petrol pumps sealed for tampered meters in Mumbai Details
8India found Farzad B field set to go to Iran, Dharmendra Pradhan says do not mind at all Details
8Amid crisis, Qatar opens up access points for Indian trade Details
8India seeks to revive ailing power plants with Qatar investment Details
8Petrol, diesel prices kept unchanged for June 21; petrol to sell for Rs 64.55/litre in Delhi Details
8Indian Oil’s LPG import terminal to help reduce refill backlog in Kerala Details
8Italy's Eni signs deal with Iran on oil and gas field studies Details
You can also click on Newsclips for more Details
For reference purposes the website carries here the following tenders:
8Carrying out Piling Works for Ethanol and Bio-diesel Tanks at Ennore Coastal Installation Details
8Supply of NHGU Reformer Heater Tubes for refinery Details
8Hiring Consultancy Services for assessment of requirements for Geo-Data Interpretation Facilities Details
8ICivil works at drill site in Geleky area Details
8Procurement of Pipeline Locator and Holiday Detector along with standard accessories Details
8PE Pipe laying including Last Mile Connectivity at consumer end for City Gas Distribution Project Details
8Procurement of Additive Antioxidant for LLDPE/ HDPE Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8BPCL reassessing plan to build refinery in Allahabad Details
8Remittances to India dip for second consecutive year: Reserve Bank Details
8Shashi Shankar moves a step closer to becoming ONGC chairman Details
8Cairn Energy gets more bad news in India Details
8Daily revision of petrol, diesel prices: Here’s how India will gain Details
8Bengaluru will be turned into the city of quality power: Dharmendra Pradhan Details
8Cairn tax dispute: Income Tax dept confiscates dividend, refund Details
8South Korea plans to build liquefied natural gas plants in Iran for energy needs Details
8ONGC Videsh Ltd shortlisted for oil, gas field auction in Mexico Details
8China's 2017 crude oil quotas exceed last year's, teapots take a cut Details
8Ukraine aims to collect 17 billion cubic meter of gas for cold season Details
8Oil ministry keeps ball rolling for upcoming exploration rounds Details
8 BP, Reliance Natural Gas Project Offshore India to reduce LNG dependence Details
You can also click on Newsclips for more Details
8Carrying out Piling Works for Ethanol and Bio-diesel Tanks at Ennore Coastal Installation Details
8Supply of NHGU Reformer Heater Tubes for refinery Details
8Hiring Consultancy Services for assessment of requirements for Geo-Data Interpretation Facilities Details
8ICivil works at drill site in Geleky area Details
8Procurement of Pipeline Locator and Holiday Detector along with standard accessories Details
8PE Pipe laying including Last Mile Connectivity at consumer end for City Gas Distribution Project Details
8Procurement of Additive Antioxidant for LLDPE/ HDPE Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8BPCL reassessing plan to build refinery in Allahabad Details
8Remittances to India dip for second consecutive year: Reserve Bank Details
8Shashi Shankar moves a step closer to becoming ONGC chairman Details
8Cairn Energy gets more bad news in India Details
8Daily revision of petrol, diesel prices: Here’s how India will gain Details
8Bengaluru will be turned into the city of quality power: Dharmendra Pradhan Details
8Cairn tax dispute: Income Tax dept confiscates dividend, refund Details
8South Korea plans to build liquefied natural gas plants in Iran for energy needs Details
8ONGC Videsh Ltd shortlisted for oil, gas field auction in Mexico Details
8China's 2017 crude oil quotas exceed last year's, teapots take a cut Details
8Ukraine aims to collect 17 billion cubic meter of gas for cold season Details
8Oil ministry keeps ball rolling for upcoming exploration rounds Details
8 BP, Reliance Natural Gas Project Offshore India to reduce LNG dependence Details
You can also click on Newsclips for more Details
The R-series (D34) project is a dry gas development in water-depths of more than 2,000 metres, approximately 70 kilometres offshore. The R-series fields will be developed as a subsea tieback to the existing control and riser platform off Block KGD6. The project is expected to produce up to 12 million cubic metres (425 million cubic feet) of gas a day, coming on stream in 2020.
8This is the first of three planned projects in Block KGD6 that are expected to be developed in an integrated manner, producing from about 3 trillion cubic feet of discovered gas resources. RIL and BP plan to submit development plans for the next two projects for Government approval before the end of 2017. Development of the three projects, with total investment of c. INR 40,000 crore (US$6 billion), is expected to bring a total c. 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.
Click on Reports for more Details
8This is the first of three planned projects in Block KGD6 that are expected to be developed in an integrated manner, producing from about 3 trillion cubic feet of discovered gas resources. RIL and BP plan to submit development plans for the next two projects for Government approval before the end of 2017. Development of the three projects, with total investment of c. INR 40,000 crore (US$6 billion), is expected to bring a total c. 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.
Click on Reports for more Details
Oil prices went up and are coming down.
8They are expected stay low as most of the numbers that are coming in are not adding up to push prices up.
8American production has risen over 10 percent this year to top around 9.3 million barrels a day and output is expected to more than 10 million barrels a day next year.
8Russia is a big supporter of the OPEC cuts, but production remains high. Extra production from Libya and Nigeria will also weigh on the market.
8Apart from higher inventories, unsold crude is also keeping the tanker market busy again. Non-OPEC production is expected to increase in the second half of the year to average 58.4 million barrels a day, according to OPEC's monthly oil market report. "The US is the main driver behind this higher growth, contributing 0.76 million barrels a day, followed by Brazil and Canada."
Click on Reports for more Details
8They are expected stay low as most of the numbers that are coming in are not adding up to push prices up.
8American production has risen over 10 percent this year to top around 9.3 million barrels a day and output is expected to more than 10 million barrels a day next year.
8Russia is a big supporter of the OPEC cuts, but production remains high. Extra production from Libya and Nigeria will also weigh on the market.
8Apart from higher inventories, unsold crude is also keeping the tanker market busy again. Non-OPEC production is expected to increase in the second half of the year to average 58.4 million barrels a day, according to OPEC's monthly oil market report. "The US is the main driver behind this higher growth, contributing 0.76 million barrels a day, followed by Brazil and Canada."
Click on Reports for more Details
Production and use of bio-diesel have not been a big success in India but one foreign company seems to be changing the game of late.
8If bio-diesel is successfully produced, there is a captive market amongst India's oil marketing companies.
8The dynamics of the bio-diesel market has improved dramatically after the elimination of subsidies in diesel.
8With the right technology, biodiesel is a lower-cost and cleaner alternative fuel with 80% less emissions
8For reference purpose, the website carries here a break-up of the Indian diesel market among its various usages
8The company is now concentrating on the rapidly growing cellulosic ethanol, distilled biodiesel and renewable jet/diesel fuel markets supplying the US, India and Europe.
Click on Reports for more Details
8If bio-diesel is successfully produced, there is a captive market amongst India's oil marketing companies.
8The dynamics of the bio-diesel market has improved dramatically after the elimination of subsidies in diesel.
8With the right technology, biodiesel is a lower-cost and cleaner alternative fuel with 80% less emissions
8For reference purpose, the website carries here a break-up of the Indian diesel market among its various usages
8The company is now concentrating on the rapidly growing cellulosic ethanol, distilled biodiesel and renewable jet/diesel fuel markets supplying the US, India and Europe.
Click on Reports for more Details
The severing of diplomatic ties with Qatar by Saudi Arabia, the UAE, Bahrain and Egypt, amid accusations of supporting extremism has prompted many in India to ponder its impact on the LNG market
8A very comprehensive study seems to suggest that the impact will not be as bad as was imagined.
8The conclusion is that impact of the crisis on the global LNG market -- whether from UAE and Egypt refusing LNG cargoes or Qatari cargoes traveling around the African Cape to avoid the Suez or even a closure of the Oman-Abu Dhabi gas pipeline -- would not be noticeable due to the rapid response of cargo diversions resulting in no net delivered volume reduction for any importer.
8Asian spot prices are however likely to be depressed as a consequence
Click on Reports for a detailed analysis Details
8A very comprehensive study seems to suggest that the impact will not be as bad as was imagined.
8The conclusion is that impact of the crisis on the global LNG market -- whether from UAE and Egypt refusing LNG cargoes or Qatari cargoes traveling around the African Cape to avoid the Suez or even a closure of the Oman-Abu Dhabi gas pipeline -- would not be noticeable due to the rapid response of cargo diversions resulting in no net delivered volume reduction for any importer.
8Asian spot prices are however likely to be depressed as a consequence
Click on Reports for a detailed analysis Details
Gas production from the RIL-BP's D-6 block continues to slow down.
8In 2016-17, the average production was just 8.4 mmscmd, down from 11.61 mmscmd in 2015-16
8Efforts to keep production up by sidetracking activities is showing minimal results so far.
8Two sidetrack wells in the MA field brought on-stream in October 2016 and January 2017, respectively, contributed only marginally to production, with the decline in production continuing.
Average output in the fourth quarter was 8.2 mmscmd
8Since fresh gas from the recently announced new investments are likely in 2020, the decline in output from the RIL-BP combine's block is likely to continue till then.
8Meanwhile the duo has been burning cash on development drilling for sometime now, albeit quietly.
8Of the total capex of $ 119 million in 2016-17, bulk of it is elated to the development drilling programme in the D-6 block.
8Expect a sharp spike in capex from now on, as the $ 6 billion investment plan in the R-series gas fields beings to roll off the ground.
Click on Reports for more Details
8In 2016-17, the average production was just 8.4 mmscmd, down from 11.61 mmscmd in 2015-16
8Efforts to keep production up by sidetracking activities is showing minimal results so far.
8Two sidetrack wells in the MA field brought on-stream in October 2016 and January 2017, respectively, contributed only marginally to production, with the decline in production continuing.
Average output in the fourth quarter was 8.2 mmscmd
8Since fresh gas from the recently announced new investments are likely in 2020, the decline in output from the RIL-BP combine's block is likely to continue till then.
8Meanwhile the duo has been burning cash on development drilling for sometime now, albeit quietly.
8Of the total capex of $ 119 million in 2016-17, bulk of it is elated to the development drilling programme in the D-6 block.
8Expect a sharp spike in capex from now on, as the $ 6 billion investment plan in the R-series gas fields beings to roll off the ground.
Click on Reports for more Details
The high horse power diesel generator market is witnessing strong revival
8There are now increased enquiries from customers, who are willing to convert them into firm orders.
8Similar trends are being witnessed in the medium horsepower (MHP; 250-650kva) market.
8This shows that key end-markets that are leading to a revival in the genset market are showing early signs of revival.
8Dealers expect 10-15% growth in this segments in 2017-18 while while low horsepower (<160kva) sales are likely to remain subdued due to lower telecom genset sales.
Click on Reports for more Details
8There are now increased enquiries from customers, who are willing to convert them into firm orders.
8Similar trends are being witnessed in the medium horsepower (MHP; 250-650kva) market.
8This shows that key end-markets that are leading to a revival in the genset market are showing early signs of revival.
8Dealers expect 10-15% growth in this segments in 2017-18 while while low horsepower (<160kva) sales are likely to remain subdued due to lower telecom genset sales.
Click on Reports for more Details
The order book for tankers has swelled of late but prices are expected to remain low until the end of the year.
8This is because ship builders are still not confident whether the revival can be sustained.
8The new tanker orders are attached to back to back time charter hire contracts
8So if the charter hire market becomes sluggish, new building orders are likely to ebb again.
8In terms of recently reported deals, UAE owner, Tomini Shipping, placed an order for three firm Ultramaxes (64,000 dwt) at CSI Jiangsu, in South Korea for an undisclosed price and delivery set in 2019.
Click on Reports for a full analysis Details
8This is because ship builders are still not confident whether the revival can be sustained.
8The new tanker orders are attached to back to back time charter hire contracts
8So if the charter hire market becomes sluggish, new building orders are likely to ebb again.
8In terms of recently reported deals, UAE owner, Tomini Shipping, placed an order for three firm Ultramaxes (64,000 dwt) at CSI Jiangsu, in South Korea for an undisclosed price and delivery set in 2019.
Click on Reports for a full analysis Details
A business development opportunity is coming up for a multi-well drilling work in an existing geological formation.
8Currently a pre-feasibility report is being drawn up.
8Detailed techno-economic analysis is now underway.
8Drilling and production work will come up subsequently
Click on Reports for more Details
8Currently a pre-feasibility report is being drawn up.
8Detailed techno-economic analysis is now underway.
8Drilling and production work will come up subsequently
Click on Reports for more Details
A team of Nobel laureates and professors in leading global universities have banded together and used game theory and insights from human psychology to arrive at the conclusion that the Paris accord on climate change is unlikely to solve the climate dilemma.
8The authors however have suggested that the entire paradigm can change through a single but all important change.
8Instead of a non-enforceable cap-based country-wise emission reduction formula, all that signatories to the Paris Accord have to sign up for is adherence to a minimum common price for carbon. The consensus among the authors is that the emission quantity commitment model has failed repeatedly over the past 20 years.
8This wonderfully simple solution, based on the deep rooted "I will, if you will" optimization principle in game theory, can change the game entirely, claims the authors in a series of articles carried here on this website.
8What is also relentlessly argued by the authors is how climate change policies will be more beneficial to a nation than doing nothing about it.
8Adhering to a minimum carbon price will be a fair focal point for the community of nations, reducing risks, while being much easier to enforce, and is consistent with climate policies already in place. Indeed, one big advantage of a carbon-price commitment is that it will not interfere with the current, dispersed cap-and-trade experiments, thereby leaving the door open to a future rehabilitation of caps should the need arise.
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8The authors however have suggested that the entire paradigm can change through a single but all important change.
8Instead of a non-enforceable cap-based country-wise emission reduction formula, all that signatories to the Paris Accord have to sign up for is adherence to a minimum common price for carbon. The consensus among the authors is that the emission quantity commitment model has failed repeatedly over the past 20 years.
8This wonderfully simple solution, based on the deep rooted "I will, if you will" optimization principle in game theory, can change the game entirely, claims the authors in a series of articles carried here on this website.
8What is also relentlessly argued by the authors is how climate change policies will be more beneficial to a nation than doing nothing about it.
8Adhering to a minimum carbon price will be a fair focal point for the community of nations, reducing risks, while being much easier to enforce, and is consistent with climate policies already in place. Indeed, one big advantage of a carbon-price commitment is that it will not interfere with the current, dispersed cap-and-trade experiments, thereby leaving the door open to a future rehabilitation of caps should the need arise.
Click on Reports for more Details
There is still looming uncertainty over how India's gas demand is going to fare, going up to 2025.
8A leading international research agency is more circumspect when it comes to pegging the possible demand for LNG by 2025
8Eventually, it arrives at a subdued figure
8Pakistan on the other hand sees a more rapid rate of increase in demand, starting from a smaller base.
8The projection is that Qatar will continue to provide almost 60 percent of volumes contracted for delivery to India but Russian supplies will also make their way to India, as will exports from Malaysia and Indonesia.
8India may also end up as the destination for surplus contracted volumes that are re-exported.
8While significant volumes of LNG were contracted over the past decade by newly developed liquefaction projects in Australia, Russia and the USA, a significant share of this LNG was uncommitted. Large Asian and European utilities and Asian traders over-committed and are now attempting to sell these volumes into an already oversupplied LNG market.
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8A leading international research agency is more circumspect when it comes to pegging the possible demand for LNG by 2025
8Eventually, it arrives at a subdued figure
8Pakistan on the other hand sees a more rapid rate of increase in demand, starting from a smaller base.
8The projection is that Qatar will continue to provide almost 60 percent of volumes contracted for delivery to India but Russian supplies will also make their way to India, as will exports from Malaysia and Indonesia.
8India may also end up as the destination for surplus contracted volumes that are re-exported.
8While significant volumes of LNG were contracted over the past decade by newly developed liquefaction projects in Australia, Russia and the USA, a significant share of this LNG was uncommitted. Large Asian and European utilities and Asian traders over-committed and are now attempting to sell these volumes into an already oversupplied LNG market.
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Fresh data is now firmly pushing the deadline when the supply glut in the LNG market will end to 2025.
8A gap emerges only in 2025.
8The website carries here the forecast capacity for LNG liquefaction by country, and the forecast production volumes
8The LNG liquefaction break even price, including gas cost, for new projects currently under construction is carried here.
8The demand picture has become fuzzy as projections are that China's LNG imports, like those in Europe, are going to compete with pipeline gas.
8But will newer markets make up gap?
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8A gap emerges only in 2025.
8The website carries here the forecast capacity for LNG liquefaction by country, and the forecast production volumes
8The LNG liquefaction break even price, including gas cost, for new projects currently under construction is carried here.
8The demand picture has become fuzzy as projections are that China's LNG imports, like those in Europe, are going to compete with pipeline gas.
8But will newer markets make up gap?
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8EOI to address challenges of Sub-Basalt imaging & reservoir characterization and Fracture mapping within Basalt, in Kutch Offshore area Details
8Installation of Mass Flow Meters DBBV's pipeline modifications and allied works Details
8Services of NDT by UTM of Crude Storage Tanks on callout basis Details
8Hiring of Third party Inspection Agency for City Gas Projects Details
8Carrying out Catalyst unloading, Internal inspection and Catalyst loading job in HCU2 during shutdown Details
8Supply of Carbon Steel Seamless Pipes to Gas Company Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Pradhan assures people won't suffer due to daily revision of fuel prices Details
8Russia's oil producer Rosneft finds first oilfield offshore eastern Arctic Details
8ONGC's Bassein natural gas field to touch record output in 2018 Details
8Rosneft plans big to tap Indian retail fuel market: Dharmendra Pradhan Details
8BPCL cancels petrol pump license of Lalu Yadav's minister son Details
8Iran sees natural gas deal with French Total within weeks - minister Details
8Daily fuel price change begins: Here is how you can track these changes Details
8Two factors that made Reliance Industries, BP go in for huge investment in KG Basin Details
8India's 2017 diesel imports may rise to highest since at least 2011 Details
8Qatar diplomatic isolation neutral for LNG volumes in india Details
You can also click on Newsclips for more Details
8EOI to address challenges of Sub-Basalt imaging & reservoir characterization and Fracture mapping within Basalt, in Kutch Offshore area Details
8Installation of Mass Flow Meters DBBV's pipeline modifications and allied works Details
8Services of NDT by UTM of Crude Storage Tanks on callout basis Details
8Hiring of Third party Inspection Agency for City Gas Projects Details
8Carrying out Catalyst unloading, Internal inspection and Catalyst loading job in HCU2 during shutdown Details
8Supply of Carbon Steel Seamless Pipes to Gas Company Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Pradhan assures people won't suffer due to daily revision of fuel prices Details
8Russia's oil producer Rosneft finds first oilfield offshore eastern Arctic Details
8ONGC's Bassein natural gas field to touch record output in 2018 Details
8Rosneft plans big to tap Indian retail fuel market: Dharmendra Pradhan Details
8BPCL cancels petrol pump license of Lalu Yadav's minister son Details
8Iran sees natural gas deal with French Total within weeks - minister Details
8Daily fuel price change begins: Here is how you can track these changes Details
8Two factors that made Reliance Industries, BP go in for huge investment in KG Basin Details
8India's 2017 diesel imports may rise to highest since at least 2011 Details
8Qatar diplomatic isolation neutral for LNG volumes in india Details
You can also click on Newsclips for more Details
One of the reasons why both RIL-BP combine and ONGC are investing in the geologically unstable and high cost deepwater fields in the KG Basin is because the economics of their production are not the same as gas producers in other parts of the world.
8Their breakeven levels can be far higher than in gas producing countries for the simple fact that given the demand-supply gap in India, the price of fresh domestic supply is pegged to the landed price of LNG in India.
8Indian companies stand to make money even if their cost of production is a multiple of the cost of production in the US or the Gulf as a consequence.
8All that ONGC and RIL-BP will have to keep in mind is that their cost is lower than the cost of production in gas exporting countries, plus the local transportation cost, liquefaction cost, vessel transportation cost and regasfication cost.
8It is quite obvious, that the calculations will show a positive return on investments in the KG Basin gas fields.
8Given falling price of equipment and services, if the bulk of the expenditure over the next four years can be locked in 2017 before their prices are projected to go up, the rate of return on KG Basin oil production is likely to remain well above the hurdle rate.
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8Their breakeven levels can be far higher than in gas producing countries for the simple fact that given the demand-supply gap in India, the price of fresh domestic supply is pegged to the landed price of LNG in India.
8Indian companies stand to make money even if their cost of production is a multiple of the cost of production in the US or the Gulf as a consequence.
8All that ONGC and RIL-BP will have to keep in mind is that their cost is lower than the cost of production in gas exporting countries, plus the local transportation cost, liquefaction cost, vessel transportation cost and regasfication cost.
8It is quite obvious, that the calculations will show a positive return on investments in the KG Basin gas fields.
8Given falling price of equipment and services, if the bulk of the expenditure over the next four years can be locked in 2017 before their prices are projected to go up, the rate of return on KG Basin oil production is likely to remain well above the hurdle rate.
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Why is 2017 is the best year for placing orders for offshore commitments of ONGC and RIL-BP?
8A compilation of data from research done by Morgan Stanley Research , Wood Mackenzie and Rystad Energy in April 2017 indicate that deep-water plays are going to play an increasingly important role in incremental production in the next three years. Up to 23% of the incremental volumes are coming from such plays
8In this context, the estimates are that the trough in subsea installations -- in terms of subsea trees going online -- will probably be hit in 2017 before beginning to rise in 2018, and going up sharply by 2020 and onwards.
8For this to happen, subsea hardware capex, in terms of subsea trees, templates, manifolds, subsea boosters, compressors, separation and umblicals will begin to start going up, rather sharply from 2018 onward.
8After reaching a peak in 2014, there was a sharp deterioration in feet utilization in critical offshore equipment.
8The floating rig contracted were down from around 275 in Q-1, 2014 to 150 in Q-1, 2017.
Click on Report to find out more. Details
8A compilation of data from research done by Morgan Stanley Research , Wood Mackenzie and Rystad Energy in April 2017 indicate that deep-water plays are going to play an increasingly important role in incremental production in the next three years. Up to 23% of the incremental volumes are coming from such plays
8In this context, the estimates are that the trough in subsea installations -- in terms of subsea trees going online -- will probably be hit in 2017 before beginning to rise in 2018, and going up sharply by 2020 and onwards.
8For this to happen, subsea hardware capex, in terms of subsea trees, templates, manifolds, subsea boosters, compressors, separation and umblicals will begin to start going up, rather sharply from 2018 onward.
8After reaching a peak in 2014, there was a sharp deterioration in feet utilization in critical offshore equipment.
8The floating rig contracted were down from around 275 in Q-1, 2014 to 150 in Q-1, 2017.
Click on Report to find out more. Details
The pace of import of petroleum products as well as LNG is projected to quicken during the April-November, 2017 period in relation to the same period in the previous year.
8LNG imports will be up from 10.75 MMT in April-November, 2016 to 12.61 MMT for the same period this year
8Similarly, export of petroleum products will grow at 12.45% to 43.74 MMT whereas imports will grow even faster at 29.39% to 24.63 MMT.
Click on Reports for disaggregated figures. Details
8LNG imports will be up from 10.75 MMT in April-November, 2016 to 12.61 MMT for the same period this year
8Similarly, export of petroleum products will grow at 12.45% to 43.74 MMT whereas imports will grow even faster at 29.39% to 24.63 MMT.
Click on Reports for disaggregated figures. Details
The petroleum ministry has projected a fall in both oil and gas production in April-November, 2017 in relation to the same period in the previous year
8Oil production will be a negative 3.53 per cent to 23.99 MMT in comparison to 24.86 MMT
8Gas output will decline by 3.70% to 21.14 BCM in relation to 21.96 BCM in the previous period
8In comparison however, growth of petroleum products is expected to be around 9.45%, at 130 MMT in relation to 118 MMT for the same period in the previous year.
8Production of petroleum products, at 160 MMT will be in excess of consumption for the April-November, 2017 period.
8Crude oil imports grew at an average of 6.34% in 2016-17 to 215 MMT but the rate of growth will be faster, at 9.31%, in the April-November, 2017 period.
Click on Reports for disaggregated figures Details
8Oil production will be a negative 3.53 per cent to 23.99 MMT in comparison to 24.86 MMT
8Gas output will decline by 3.70% to 21.14 BCM in relation to 21.96 BCM in the previous period
8In comparison however, growth of petroleum products is expected to be around 9.45%, at 130 MMT in relation to 118 MMT for the same period in the previous year.
8Production of petroleum products, at 160 MMT will be in excess of consumption for the April-November, 2017 period.
8Crude oil imports grew at an average of 6.34% in 2016-17 to 215 MMT but the rate of growth will be faster, at 9.31%, in the April-November, 2017 period.
Click on Reports for disaggregated figures Details
For reference purposes, the website carries here
8Detailed capex plans of public sector oil companies
8Details of deployment of new technologies by oil companies
8Information on indigenously development technologies
8Ongoing projects of oil companies
8Latest basin-wise and category-wise hydrocabon resources in India.
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8Detailed capex plans of public sector oil companies
8Details of deployment of new technologies by oil companies
8Information on indigenously development technologies
8Ongoing projects of oil companies
8Latest basin-wise and category-wise hydrocabon resources in India.
Click on Reports for more Details
Both ONGC and RIL will have to keep a critical eye on how global LNG demand-supply and prices evolve around 2020 and going up to 2030.
8The prices and the returns that the two will elicit will depend on the landed price of LNG
8The website carries here what is clearly the most comprehensive analysis of LNG price behavior going ahead
8One centres around low Asian gas demand while the other is focused on a high demand scenario.
8Bulk of today's projections take into account only existing and announced LNG liquefaction capacity, which peaks by 2021.
8Future LNG prices will also depend upon new and so far unannounced liquefaction facilities come up
8LNG prices will be determined subsequently depending upon how demand fares in the interim
Click on Reports for more Details
8The prices and the returns that the two will elicit will depend on the landed price of LNG
8The website carries here what is clearly the most comprehensive analysis of LNG price behavior going ahead
8One centres around low Asian gas demand while the other is focused on a high demand scenario.
8Bulk of today's projections take into account only existing and announced LNG liquefaction capacity, which peaks by 2021.
8Future LNG prices will also depend upon new and so far unannounced liquefaction facilities come up
8LNG prices will be determined subsequently depending upon how demand fares in the interim
Click on Reports for more Details
The big bang $ 6 billion investment announcement by the RIL-BP combine with first gas by 2020 and the ongoing $ 5 billion investment by ONGC in same area, makes the KG Basin a key focus area of the global offshore oil and gas equipment industry.
8ONGC's total investments will total up to around $ 7-10 billion as more discoveries -- including the struggling Deendayal field -- are brought into production.
8The investment cycle which is beginning now will be completed by 2020, and depending up on how gas prices behave, another round of investments will be set off subsequently.
8RIL-BP had been quietly doing the groundwork for the investment for the past one year and contracts are likely to be given out by the end of the year or beginning 2018, going by the first gas deadline.
8Both ONGC and RIL-BP are working towards completing their contracting processes as quickly as possible to take advantage of low prevailing prices for oil field equipment and services.
8The point to note is that combine already has a big oil & gas infrastructure in place in the KG Basin, which is capable of handling 120 MMSCD of gas. This provides a cost advantage to RIL-BP over ONGC, because the latter will have to put together a delivery and processing infrastructure.
8There was talk at one point in time for ONGC and RIL-BP to have a common infrastructure but clearly non-economic considerations put paid to such efforts.
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8ONGC's total investments will total up to around $ 7-10 billion as more discoveries -- including the struggling Deendayal field -- are brought into production.
8The investment cycle which is beginning now will be completed by 2020, and depending up on how gas prices behave, another round of investments will be set off subsequently.
8RIL-BP had been quietly doing the groundwork for the investment for the past one year and contracts are likely to be given out by the end of the year or beginning 2018, going by the first gas deadline.
8Both ONGC and RIL-BP are working towards completing their contracting processes as quickly as possible to take advantage of low prevailing prices for oil field equipment and services.
8The point to note is that combine already has a big oil & gas infrastructure in place in the KG Basin, which is capable of handling 120 MMSCD of gas. This provides a cost advantage to RIL-BP over ONGC, because the latter will have to put together a delivery and processing infrastructure.
8There was talk at one point in time for ONGC and RIL-BP to have a common infrastructure but clearly non-economic considerations put paid to such efforts.
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Jun 16 : Big investments coming up-V: RFQs for Rs 21,000 crore refinery expansion by end of the year
Big refinery capacity additions in India are coming up in the future
8Over and above the $ 40 billion refinery announced this week, there is another Rs 21,000 crore refinery expansion coming up
8The feasibility study is completed, and the refinery is currently going through the approval process.
8RFQs can be out by the end of 2017
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8Over and above the $ 40 billion refinery announced this week, there is another Rs 21,000 crore refinery expansion coming up
8The feasibility study is completed, and the refinery is currently going through the approval process.
8RFQs can be out by the end of 2017
Click on Details for more Details
Fluor Daniel has been hired as a consultant for a new Rs 6000 crore coal-based urea plant
8This is the second coal-based plant coming up in India. The other is at Talcher in the public sector
8The private promoters have completed the DFR for the project and a Foundation Stone laying ceremony is planned
8The contractor hiring process is to be completed within one week, says the project promoters
8It is pertinent to note that India has not experimented with coal based urea technology after an earlier attempt failed
8China on the other hand produces the bulk of its urea using the coal as feedstock
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Also go to our sister site, www.indianfertilizer.com for more information on all business development opportunities in the fertilizer sector. Around Rs 40,000 crore of contracting is likely to come through within the next three years in this segment Details
8This is the second coal-based plant coming up in India. The other is at Talcher in the public sector
8The private promoters have completed the DFR for the project and a Foundation Stone laying ceremony is planned
8The contractor hiring process is to be completed within one week, says the project promoters
8It is pertinent to note that India has not experimented with coal based urea technology after an earlier attempt failed
8China on the other hand produces the bulk of its urea using the coal as feedstock
Click on Details for more
Also go to our sister site, www.indianfertilizer.com for more information on all business development opportunities in the fertilizer sector. Around Rs 40,000 crore of contracting is likely to come through within the next three years in this segment Details
For reference purposes the website carries here the following tenders:
8Supply of Compressor Receprocating (SPP) for Gasoline Hydro-treatment Unit Project in refinery Details
8Engagement of Technical Consultancy Company for preparing Field Development plan including required facilities for Block CB-ONN-2010/8 in Cambay Basin Details
8Supply and Commissioning of Back Draft Dampers for HVJ Gas Turbine Compressor Packages installed in Compressor Stations Details
8AMC for Calibration of Master Instruments at Chhainsa Compressor Station Details
8Providing Marine Insurance Cover Policy for Crude Oil Imports and Offshore Indigenous Crude Oil movement Details
8Supply of Pipes to Panipat Naptha Cracker Details
8Carrying out Web GIS related works at HMRBPL Mourigram Details
8Pipeline works for Biodiesel facility at Paradeep Terminal 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
8Norway wants oil companies to use specialist technology to boost output Details
8East Libyan crude oil export halt order again targets Glencore deal Details
8RIL, BP join hands for mega Rs 40,000 crore oil and gas investment Details
8Is Mukesh Ambani planning to do a Jio in fuel retail? Here's what we know Details
8Petrol price cut by Rs 1.12 a litre, diesel by Rs 1.24 per litre Details
8RIL looks beyond oil & gas for new-age energy play Details
8Iran should reciprocate on gas field award: Dharmendra Pradhan Details
8Oil and gas: A good quarter for the refiners Details
8'ONGC deserves Iran's Farzad-B gas field rights' Details
You can also click on Newsclips for more Details
8Supply of Compressor Receprocating (SPP) for Gasoline Hydro-treatment Unit Project in refinery Details
8Engagement of Technical Consultancy Company for preparing Field Development plan including required facilities for Block CB-ONN-2010/8 in Cambay Basin Details
8Supply and Commissioning of Back Draft Dampers for HVJ Gas Turbine Compressor Packages installed in Compressor Stations Details
8AMC for Calibration of Master Instruments at Chhainsa Compressor Station Details
8Providing Marine Insurance Cover Policy for Crude Oil Imports and Offshore Indigenous Crude Oil movement Details
8Supply of Pipes to Panipat Naptha Cracker Details
8Carrying out Web GIS related works at HMRBPL Mourigram Details
8Pipeline works for Biodiesel facility at Paradeep Terminal 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
8Norway wants oil companies to use specialist technology to boost output Details
8East Libyan crude oil export halt order again targets Glencore deal Details
8RIL, BP join hands for mega Rs 40,000 crore oil and gas investment Details
8Is Mukesh Ambani planning to do a Jio in fuel retail? Here's what we know Details
8Petrol price cut by Rs 1.12 a litre, diesel by Rs 1.24 per litre Details
8RIL looks beyond oil & gas for new-age energy play Details
8Iran should reciprocate on gas field award: Dharmendra Pradhan Details
8Oil and gas: A good quarter for the refiners Details
8'ONGC deserves Iran's Farzad-B gas field rights' Details
You can also click on Newsclips for more Details
