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Jul 2016
For shallow-water stranded reservoirs, new technology can allow a drilling platform to be picked up and moved a few miles away to the next closest field.
8The lynchpin to this concept involves a rather simple technology that has been around since the 1980s: suction piles.
8Mostly used as a mooring or anchoring device on floating facilities, suction piles are placed over the seabed and then water is sucked out to generate the negative pressure that secures them in place. This process is easily reversed by forcing water back into the suction pile, releasing it from the seabed.
8Using suction piles instead of the more commonly used driven piles, which require much more installation work, companies could redeploy the same platform, topsides and all, over and over again.
8Removing a suction pile takes only a few hours and relocating the facility not only delays decommissioning costs, but lowers those costs because the process requires none of the special tools or lengthy operations used to take apart pile-driven platforms.
Click on Reports for more Details
8The lynchpin to this concept involves a rather simple technology that has been around since the 1980s: suction piles.
8Mostly used as a mooring or anchoring device on floating facilities, suction piles are placed over the seabed and then water is sucked out to generate the negative pressure that secures them in place. This process is easily reversed by forcing water back into the suction pile, releasing it from the seabed.
8Using suction piles instead of the more commonly used driven piles, which require much more installation work, companies could redeploy the same platform, topsides and all, over and over again.
8Removing a suction pile takes only a few hours and relocating the facility not only delays decommissioning costs, but lowers those costs because the process requires none of the special tools or lengthy operations used to take apart pile-driven platforms.
Click on Reports for more Details
Big E&P companies around the world sponsor cutting edge research in offshore technology.
8Such companies pick up ideas that can help enhance productivity or change the way a process is done, thereby leading to cost savings.
8A company like ONGC should be more forthcoming in supporting such research around the world.
8Currently the strategy seems to be to put all its funding into its own research institutes.
8But these institutes have become moribund and they are unable to produce work that will make a big material difference to the company.
8Cutting edge research is mostly obserbed to be lacking.
8If the KG Basin development eventually involves many billions of dollars of investments over a 10 to 20 years lifespan, the petroleum ministry too can step in to create a technology and start-up hub for the E&P sector in India, where innovative ideas can be tested out.
8The surge in innovation in Norway and England was spurred by the North Sea discoveries.
8India's KG Basin can launch a similar wave in India.
Click on Reports for more Details
8Such companies pick up ideas that can help enhance productivity or change the way a process is done, thereby leading to cost savings.
8A company like ONGC should be more forthcoming in supporting such research around the world.
8Currently the strategy seems to be to put all its funding into its own research institutes.
8But these institutes have become moribund and they are unable to produce work that will make a big material difference to the company.
8Cutting edge research is mostly obserbed to be lacking.
8If the KG Basin development eventually involves many billions of dollars of investments over a 10 to 20 years lifespan, the petroleum ministry too can step in to create a technology and start-up hub for the E&P sector in India, where innovative ideas can be tested out.
8The surge in innovation in Norway and England was spurred by the North Sea discoveries.
8India's KG Basin can launch a similar wave in India.
Click on Reports for more Details
The price of the latest Ras Gas cargo to Dahej under the long term contract with Petronet LNG Ltd is priced at $ 6.67/mmbtu.
8That's a $ 1/mmbtu higher than what it was in end May, 2016
8A similar $ 1/mmbtu hike is seen in the price of spot cargoes coming into Dahej last week. A cargo had come in at $6.1/mmbtu.
Click on Details for more.
Get in touch with our business development team to access detailed price graphs and charts of LNG landed prices in India.
Click on Details for more Details
8That's a $ 1/mmbtu higher than what it was in end May, 2016
8A similar $ 1/mmbtu hike is seen in the price of spot cargoes coming into Dahej last week. A cargo had come in at $6.1/mmbtu.
Click on Details for more.
Get in touch with our business development team to access detailed price graphs and charts of LNG landed prices in India.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Underground Scanning and Mapping of Utility Lines, Haldia Refinery [IOC] Details
8Sale of used Mobile Crane, Dahej [Petronet LNG Limited] Details
8Isolation of Interconnecting pipings between Booster Suction & Inter tank transfer line at WRPL, Chaksu [IOC] Details
8Overhauling of High Pressure Heat Exchanger Jobs in HCU, Mangalore [MRPL] Details
8Charter Hire of Offshore Supply Vessels, Mumbai Region [ONGC] Details
8Hiring of Nitrogen Services on call basis for Ahmedabad Asset and Mehsana Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to promote bidding for 67 small oil fields through road shows Details
8India's first quarter oil demand grows at fastest pace in a decade Details
8As long as India's oil demand is driven by motorcycles, it won't be the new China Details
8Essar to invest up to Rs 1,000 cr by FY18 in West Bengal Details
8Exxon tops Oil Search's bid for InterOil Details
8Saudi Energy Minister Khalid al-Falih hopes slower global growth won't hit oil demand Details
8EIA cuts U.S. natgas output, demand forecasts but still record highs Details
8Chevron says Gorgon LNG export plant still suspended after leak Details
8Gas pipeline work at snail's pace in TN, Kerala Details
8Hydrocarbon exploration: PAC pulls up officials for excessive delay Details
8OVL's dollar bond issue gets low investment grade ratings Details
8Essar wants incentives for gas production in CBM block Details
8Gas migration row between ONGC- Reliance: Government says Shah Panel can decide on compensation Details
You can also click on Newsclips for more Details
8Underground Scanning and Mapping of Utility Lines, Haldia Refinery [IOC] Details
8Sale of used Mobile Crane, Dahej [Petronet LNG Limited] Details
8Isolation of Interconnecting pipings between Booster Suction & Inter tank transfer line at WRPL, Chaksu [IOC] Details
8Overhauling of High Pressure Heat Exchanger Jobs in HCU, Mangalore [MRPL] Details
8Charter Hire of Offshore Supply Vessels, Mumbai Region [ONGC] Details
8Hiring of Nitrogen Services on call basis for Ahmedabad Asset and Mehsana Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to promote bidding for 67 small oil fields through road shows Details
8India's first quarter oil demand grows at fastest pace in a decade Details
8As long as India's oil demand is driven by motorcycles, it won't be the new China Details
8Essar to invest up to Rs 1,000 cr by FY18 in West Bengal Details
8Exxon tops Oil Search's bid for InterOil Details
8Saudi Energy Minister Khalid al-Falih hopes slower global growth won't hit oil demand Details
8EIA cuts U.S. natgas output, demand forecasts but still record highs Details
8Chevron says Gorgon LNG export plant still suspended after leak Details
8Gas pipeline work at snail's pace in TN, Kerala Details
8Hydrocarbon exploration: PAC pulls up officials for excessive delay Details
8OVL's dollar bond issue gets low investment grade ratings Details
8Essar wants incentives for gas production in CBM block Details
8Gas migration row between ONGC- Reliance: Government says Shah Panel can decide on compensation Details
You can also click on Newsclips for more Details
Subsequent to the GAIL pipeline blast and stringent government regulations, turnkey gas dehydration plants are greatly in demand.
8Law required a gas dehydration plant to be in place as wet gas transportation is barred.
8Most onshore assets do not have dehydration units and producers are willing to outsource the activity.
8Around 10 mmscmd of gas capacity will need dehydration units as of now.
8There is scope for new players with technical tie-ups and a small but experienced team to get in.
Click on Reports for more Details
8Law required a gas dehydration plant to be in place as wet gas transportation is barred.
8Most onshore assets do not have dehydration units and producers are willing to outsource the activity.
8Around 10 mmscmd of gas capacity will need dehydration units as of now.
8There is scope for new players with technical tie-ups and a small but experienced team to get in.
Click on Reports for more Details
GAIL seems to be neutrally aligned in the war between Adani and IOC over building pipeline networks from Odisha ports
8The gas major however has sought the following clarity on the Adani pipeline:
8Whether LPG bottling plants along the pipeline route will be connected to the pipeline
8Whether the LPG line will also an export line to Bangladesh
Click on Reports for more Details
8The gas major however has sought the following clarity on the Adani pipeline:
8Whether LPG bottling plants along the pipeline route will be connected to the pipeline
8Whether the LPG line will also an export line to Bangladesh
Click on Reports for more Details
IOC is bitterly opposed to the Adani Gas terminal on the ground that its 1.5 MMTPA Paradeep to Durgapur LPG pipeline via Haldia will cater to the entire demand of the area.
8In this context, the Adani pipeline is redundant, the public sector refiner has claimed.
8The Adani pipeline will be a parallel structure, it is alleged
8IOC says that a 250 km stretch out of its 650 km pipeline has already been built. The pipeline is now going to be extended all the way to Patna and Muzzaffarpur.
8The Adani line will run parallel to the IOC line for almost 550 km of the total 640 km length.
8IOC is now converting the pipeline from a captive line to a common carrier line, which will allow all new LPG capacity import capacity in the region to be catered by the pipeline.
Click on Reports for more Details
8In this context, the Adani pipeline is redundant, the public sector refiner has claimed.
8The Adani pipeline will be a parallel structure, it is alleged
8IOC says that a 250 km stretch out of its 650 km pipeline has already been built. The pipeline is now going to be extended all the way to Patna and Muzzaffarpur.
8The Adani line will run parallel to the IOC line for almost 550 km of the total 640 km length.
8IOC is now converting the pipeline from a captive line to a common carrier line, which will allow all new LPG capacity import capacity in the region to be catered by the pipeline.
Click on Reports for more Details
The proposal by Adani Gas Ltd to build a 1.6 MMTPA LPG product pipeline from its Dhamra port in Odisha to Asansol and Duttapulla has been opposed by HPCL and IOC but for different reasons.
8HPCL claims that Adani be allowed to build the pipeline but not an LPG import terminal at Dhamra.
8This is because Aegis Logistics Ltd is building an LPG terminal in Haldia to meet the requirement of the region and an additional import terminal in Dhamra is seen to be redundant..
8HPCL however wants to use Adani's LPG pipeline to transport its own LPG which it will source from the Ageis terminal.
8HPCL says that there is a need for the Adani pipeline as a parallel pipeline built by IOC will not be able to cater to HPCL's transportation requirement from the Aegis terminal in Haldia.
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8HPCL claims that Adani be allowed to build the pipeline but not an LPG import terminal at Dhamra.
8This is because Aegis Logistics Ltd is building an LPG terminal in Haldia to meet the requirement of the region and an additional import terminal in Dhamra is seen to be redundant..
8HPCL however wants to use Adani's LPG pipeline to transport its own LPG which it will source from the Ageis terminal.
8HPCL says that there is a need for the Adani pipeline as a parallel pipeline built by IOC will not be able to cater to HPCL's transportation requirement from the Aegis terminal in Haldia.
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There has been a sharp rise in the contribution of the petroleum sector to the exchequer in 2015-16.
8Higher excise duty has contributed a whopping Rs 80,000 crore more to the kitty in 2015-16.
8Custom duty contribution has gone up too as has royalty
8Dividend income, profit petroleum and corporate income tax contribution are up.
8In comparison to the sharp increase in contribution to the central exchequer, the contribution of the petroleum sector to the state exchequer has remained at the same level as in the previous year.
8In other words, the higher mop-up from the sector has come entirely from the central government.
Click on Reports for disaggregated figures. Details
8Higher excise duty has contributed a whopping Rs 80,000 crore more to the kitty in 2015-16.
8Custom duty contribution has gone up too as has royalty
8Dividend income, profit petroleum and corporate income tax contribution are up.
8In comparison to the sharp increase in contribution to the central exchequer, the contribution of the petroleum sector to the state exchequer has remained at the same level as in the previous year.
8In other words, the higher mop-up from the sector has come entirely from the central government.
Click on Reports for disaggregated figures. Details
Margins are under stretch in the oil and business, according to latest reports
8Refinery GRMs are under pressure. Diesel and petrol cracks are sharply lower internationally and this will have a roll on impact on India.
8However crude and product inventory gains due to oil price recovery would partly neutralize the hit from weaker GRM for oil marketing companies (OMCs) and Reliance Industries (RIL) but not by enough.
8There is nervousness on news that Chinese petrol demand declined by 1.7% YoY in May 2016 for the first time since Jul’11 (i.e. in almost 5 years). Chinese petrol exports were also up 35% YoY in May’16.
8Marketing margins of refiners are going to be down 20% as well.
8The outlook is weak in Q-1 but may get worse by Q-1 of this year.
8Earnings of key E&P players such as ONGC, OIL and Cairn will be under pressure too
Click on Reports for more Details
8Refinery GRMs are under pressure. Diesel and petrol cracks are sharply lower internationally and this will have a roll on impact on India.
8However crude and product inventory gains due to oil price recovery would partly neutralize the hit from weaker GRM for oil marketing companies (OMCs) and Reliance Industries (RIL) but not by enough.
8There is nervousness on news that Chinese petrol demand declined by 1.7% YoY in May 2016 for the first time since Jul’11 (i.e. in almost 5 years). Chinese petrol exports were also up 35% YoY in May’16.
8Marketing margins of refiners are going to be down 20% as well.
8The outlook is weak in Q-1 but may get worse by Q-1 of this year.
8Earnings of key E&P players such as ONGC, OIL and Cairn will be under pressure too
Click on Reports for more Details
The website carries here a set of revised guidelines for sale of non PDS (White) SKO.
8SKO is used in many industrial applications like heating, cleaning, lighting, cooking, drying as well as in industrial raw materials.
8However, use of SKO as a fuel or fuel additive in motor vehicles is prohibited.
8The market for parallel marketers can open up as demand picks up unlike in the PDS segment where demand is slowing down due to higher LPG penetration.
Click on Reports for more Details
8SKO is used in many industrial applications like heating, cleaning, lighting, cooking, drying as well as in industrial raw materials.
8However, use of SKO as a fuel or fuel additive in motor vehicles is prohibited.
8The market for parallel marketers can open up as demand picks up unlike in the PDS segment where demand is slowing down due to higher LPG penetration.
Click on Reports for more Details
The website carries here an interesting comparison of performance of IGL, MGL and Gujarat Gas.
8Because of low domestic price of gas, CNG continues to have a massive cost advantage that benefits all CGD players and yet there is a difference in performance among players
8Both IGL and MGL have a better cost mix in relation to Gujarat Gas.
8IGL enjoys higher absolute PNG volume while MGL has registered higher growth rates
8IGL however is the more efficient in passing cost on to the consumers unlike MGL
Click on Reports for more Details
8Because of low domestic price of gas, CNG continues to have a massive cost advantage that benefits all CGD players and yet there is a difference in performance among players
8Both IGL and MGL have a better cost mix in relation to Gujarat Gas.
8IGL enjoys higher absolute PNG volume while MGL has registered higher growth rates
8IGL however is the more efficient in passing cost on to the consumers unlike MGL
Click on Reports for more Details
Is there a business development opportunity in the gas compression segment in India?
8Currently only one company has a near-monopoly, with a 90% market share.
8Gas compression is a compact device and it is being increasingly outsourced by oil and companies in India.
8Contracts are for a period of 3 to 5 years.
8These contracts are given out on turnkey basis. involving supply of equipment, installation, commissioning, operation & maintenance.
8There is a growing market for gas compressing: in gas transportation, boil of gas, EOR programmes and power generation.
8Gas demand is expected to increase by 5.4% anually over 2007-30 as per IEA. Out of the total gas compression business in India, currently only 20% is outsourced
8With the right international tie-ups and low cost service, new players can get into the business
8Capex requirement is high but the payback is 3 to 4 years.
8There are challenges too, including penalties for non-performance.
Click on Reports for more Details
8Currently only one company has a near-monopoly, with a 90% market share.
8Gas compression is a compact device and it is being increasingly outsourced by oil and companies in India.
8Contracts are for a period of 3 to 5 years.
8These contracts are given out on turnkey basis. involving supply of equipment, installation, commissioning, operation & maintenance.
8There is a growing market for gas compressing: in gas transportation, boil of gas, EOR programmes and power generation.
8Gas demand is expected to increase by 5.4% anually over 2007-30 as per IEA. Out of the total gas compression business in India, currently only 20% is outsourced
8With the right international tie-ups and low cost service, new players can get into the business
8Capex requirement is high but the payback is 3 to 4 years.
8There are challenges too, including penalties for non-performance.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Gas sale from Vadatheru field, Cauvery Asset [ONGC] Details
8Gas sale from Andimadam field, Cauvery Asset [ONGC] Details
8Technical survey of plots and water bodies for Auraiya-Phulpur section of VAPPL Project [GAIL] Details
8Completion of Balance Works of Break Water at LNG Terminal of Ratnagiri Gas and Power Private Limited, Dabhol [GAIL] Details
8Procurement of Remote Gas Leak Detector [GAIL] Details
8Procurement of 20460 KL of Bio Diesel Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil rises on brief Iraq loading halt; bearish investors cap gains Details
8Road shows to be held in the USA and Canada to promote discovered Small Fields Bid Round 2016 Details
8Exxon Mobil says no attacks at its facilities despite Nigerian militants' claim Details
8Premier Oil sees Brexit benefits as weak sterling cuts costs Details
8Nigerian oil trade union leaders hold talks with government over strike Details
8India's fuel demand rose 6.2 percent in June Details
8Shell delays Canadian LNG decisions Details
8Cooking gas sales increases in India, fuel demand rises too Details
8Australian LNG exports surge more than 18% to 3.6m tonnes Details
8Petrol pump owners seek 'one nation one rate' for fuel Details
8Fuel retailers invite tenders for 20 million litres of biodiesel Details
8Oil companies get nod to increase kerosene price by 25 paise every month till April 2017 Details
8Cairn Energy wants $5.6 billion compensation from India for 'unlawful' tax demand Details
8OPEC sees oil glut continuing to ease in 2016-17 Details
8Why Russia is oil's next big threat Details
You can also click on Newsclips for more Details
8Gas sale from Vadatheru field, Cauvery Asset [ONGC] Details
8Gas sale from Andimadam field, Cauvery Asset [ONGC] Details
8Technical survey of plots and water bodies for Auraiya-Phulpur section of VAPPL Project [GAIL] Details
8Completion of Balance Works of Break Water at LNG Terminal of Ratnagiri Gas and Power Private Limited, Dabhol [GAIL] Details
8Procurement of Remote Gas Leak Detector [GAIL] Details
8Procurement of 20460 KL of Bio Diesel Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil rises on brief Iraq loading halt; bearish investors cap gains Details
8Road shows to be held in the USA and Canada to promote discovered Small Fields Bid Round 2016 Details
8Exxon Mobil says no attacks at its facilities despite Nigerian militants' claim Details
8Premier Oil sees Brexit benefits as weak sterling cuts costs Details
8Nigerian oil trade union leaders hold talks with government over strike Details
8India's fuel demand rose 6.2 percent in June Details
8Shell delays Canadian LNG decisions Details
8Cooking gas sales increases in India, fuel demand rises too Details
8Australian LNG exports surge more than 18% to 3.6m tonnes Details
8Petrol pump owners seek 'one nation one rate' for fuel Details
8Fuel retailers invite tenders for 20 million litres of biodiesel Details
8Oil companies get nod to increase kerosene price by 25 paise every month till April 2017 Details
8Cairn Energy wants $5.6 billion compensation from India for 'unlawful' tax demand Details
8OPEC sees oil glut continuing to ease in 2016-17 Details
8Why Russia is oil's next big threat Details
You can also click on Newsclips for more Details
A brokerage house as earmarked a 32% upside to HPCL following an investor presentation recently.
The following points were made by it:
8Brownfield expansion to up refinery capacity by ~65%; expect stable GRM
8Overall GRM to improve by ~USD1.5-2/bbl
8GRM to remain stable in the medium term (FY16 GRM: USD6.7/bbl), at USD5-7/bbl helped by higher distillate yields.
8Bhatinda refinery clocking double-digit GRM; to be profitable in FY17
8Marketing capex increased significantly; margins above regulated era
8Marketing margins remain strong at INR1.7/1.6/ltr for petrol/diesel (v/s regulated era of INR1.4/ltr). Volumes remain strong with FY16 POL growth at 9.3%.
8Dynamic pricing (based on location, demand and competition) is already underway in some test markets, and could be rolled out on a pan-India basis.
8Dynamic or differential pricing will help the company to sweat the marketing assets better and improve profitability further.
8On SA basis, HPCL trades at 7.3x FY18E EPS of INR140.6 and 1.4.x FY18E BV. On a consol. basis, HPCL trades at 6.1x FY18 EPS of INR169.
8The brokerage values HPCL at 5.5x for refining and 8x for marketing to arrive at a fair value of INR1,359, implying a 32% upside. Dividend yield is attractive at ~3-4%.
The recommendation is to buy the share.
Click on Reports for more Details
The following points were made by it:
8Brownfield expansion to up refinery capacity by ~65%; expect stable GRM
8Overall GRM to improve by ~USD1.5-2/bbl
8GRM to remain stable in the medium term (FY16 GRM: USD6.7/bbl), at USD5-7/bbl helped by higher distillate yields.
8Bhatinda refinery clocking double-digit GRM; to be profitable in FY17
8Marketing capex increased significantly; margins above regulated era
8Marketing margins remain strong at INR1.7/1.6/ltr for petrol/diesel (v/s regulated era of INR1.4/ltr). Volumes remain strong with FY16 POL growth at 9.3%.
8Dynamic pricing (based on location, demand and competition) is already underway in some test markets, and could be rolled out on a pan-India basis.
8Dynamic or differential pricing will help the company to sweat the marketing assets better and improve profitability further.
8On SA basis, HPCL trades at 7.3x FY18E EPS of INR140.6 and 1.4.x FY18E BV. On a consol. basis, HPCL trades at 6.1x FY18 EPS of INR169.
8The brokerage values HPCL at 5.5x for refining and 8x for marketing to arrive at a fair value of INR1,359, implying a 32% upside. Dividend yield is attractive at ~3-4%.
The recommendation is to buy the share.
Click on Reports for more Details
GAIL and BPCL have accepted the authorization granted by the PNGRB for development of a city gas distribution network in the North Goa District.
8The area covered is 1675 sq km
8Similarly Gujarat Gas has also accepted the grant of authorization for development of a CGD network in the Panchmahal District.
8The area to be covered is 3304 sq km
8The company has also accepted a similar grant of authorization given for the Anand District in Gujarat with an area of 1888 sq km and Dahod District with an area of 3636 sq km.
8Time for business development managers to zero in on these compnaies for work.
Click on Reports for more Details
8The area covered is 1675 sq km
8Similarly Gujarat Gas has also accepted the grant of authorization for development of a CGD network in the Panchmahal District.
8The area to be covered is 3304 sq km
8The company has also accepted a similar grant of authorization given for the Anand District in Gujarat with an area of 1888 sq km and Dahod District with an area of 3636 sq km.
8Time for business development managers to zero in on these compnaies for work.
Click on Reports for more Details
Business development opportunities will also come up in the PTA debottlenecking unit.
Detailed RFQs are in the process of being prepared for:
8New steam turbines
8Offgas scrubbers
8Suction chiller package
8Oxygen injector
8Repeller cooler
8HP Absorber
8Reflux drum
8Reflux pump
8CTA filters, pumps, knockout drums, coolers, rotary valces etc.
8Recovery columns, vent condensers, preheaters, LP dissolving feed pump, dissolver reactor
8Agitators, crystallisers, drums, centrifuge discharge screws, receivers.. and a lot more
8Concomitant offsite requirements are also spelt out.
Click on Reports for more Details
Detailed RFQs are in the process of being prepared for:
8New steam turbines
8Offgas scrubbers
8Suction chiller package
8Oxygen injector
8Repeller cooler
8HP Absorber
8Reflux drum
8Reflux pump
8CTA filters, pumps, knockout drums, coolers, rotary valces etc.
8Recovery columns, vent condensers, preheaters, LP dissolving feed pump, dissolver reactor
8Agitators, crystallisers, drums, centrifuge discharge screws, receivers.. and a lot more
8Concomitant offsite requirements are also spelt out.
Click on Reports for more Details
RFQs are likely to come out for the following equipment requirements in the CCR Platforming Process Unit and the CCR Regeneration Unit for the armomatics complex:
8Charge heater: Retubing and additional burner
8Column: Bottom section retraying needed for the debutanizer
8Exchanger: One more identical shell in the recontact cooler as also in the discharge cooler. The products condenser will need an additonal bay. The debutanizer reboiler steam generator will need a modification to the convection coil
8Pumps: Impeller replacement is needed in the separator pump
8Compressor: A new net gas compressor will be needed
8CCR regeneration section: The elutriation tube will be replaced in the disengaging hopper. In the Van Gas Wash Tower, the packing will be replaced. There will be new requirements for: reduction gas exchanger, booster gas heater, caustic cooler, regeneration cooler, organic chloride injection pump.
8Modifications will also be carried out in the regeneration tower.
Click on Reports for more Details
8Charge heater: Retubing and additional burner
8Column: Bottom section retraying needed for the debutanizer
8Exchanger: One more identical shell in the recontact cooler as also in the discharge cooler. The products condenser will need an additonal bay. The debutanizer reboiler steam generator will need a modification to the convection coil
8Pumps: Impeller replacement is needed in the separator pump
8Compressor: A new net gas compressor will be needed
8CCR regeneration section: The elutriation tube will be replaced in the disengaging hopper. In the Van Gas Wash Tower, the packing will be replaced. There will be new requirements for: reduction gas exchanger, booster gas heater, caustic cooler, regeneration cooler, organic chloride injection pump.
8Modifications will also be carried out in the regeneration tower.
Click on Reports for more Details
Clear business development opportunities also exist for an aromatics expansion plan, involving an expansion of PX production to around 460 KMTA.
Equipment-wise RFQs are likely to come out for the following units in the Px expansion unit:
8Sulfolane process unit: New jet-deck trays in the Reffinate Water Wash Column
8Tatoray process unit: The bottom section trays will be needed and in the Exchanger, the Stripper Trim Condenser will
8Similar, detailed unit-wise equipment requirement details are also give here for the Parex Process Unit, Isomar Process Unit, Xylene Fractionation Unit, among others
8Key contacts given by this website will enable business development mangers to quickly zero in on the project promoters well before formal tenders are processed, thereby giving them a head start over their competitors.
Click on Reports for more Details
Equipment-wise RFQs are likely to come out for the following units in the Px expansion unit:
8Sulfolane process unit: New jet-deck trays in the Reffinate Water Wash Column
8Tatoray process unit: The bottom section trays will be needed and in the Exchanger, the Stripper Trim Condenser will
8Similar, detailed unit-wise equipment requirement details are also give here for the Parex Process Unit, Isomar Process Unit, Xylene Fractionation Unit, among others
8Key contacts given by this website will enable business development mangers to quickly zero in on the project promoters well before formal tenders are processed, thereby giving them a head start over their competitors.
Click on Reports for more Details
Business development opportunities are available for equipment suppliers in the revamp of the naphtha hydrotreating process unit which is part of the overall aromatics revamp plant.
Specific RFQs are likely to be out for equipments in:
8Fired heaters
8Columns
8Vessels
8Exchangers (in the stripper feed bottom exchanger, stripper bottom cooler)
8Centrifugal pumps: In the stripper bottom pumps
Click on Reports for more Details
Specific RFQs are likely to be out for equipments in:
8Fired heaters
8Columns
8Vessels
8Exchangers (in the stripper feed bottom exchanger, stripper bottom cooler)
8Centrifugal pumps: In the stripper bottom pumps
Click on Reports for more Details
GSPL India Transco Ltd (GITL), a subsidiary of Gujarat State Petronet Ltd (GSPL) seems to have stolen a march over the others in carving out a 2 mmscmd deal with RCF for the Ramagundam fertilizer plant.
8Under the terms of the GTA, GITL would transport about 2 MMSCMD of natural gas from Mallavaram field in Andhra Pradesh to RFCL’s plant at Ramagundam in Telangana through the 1,81-km-ong Mallavaram-Bhopal- Bhilwara-Vijaipur Natural Gas Pipeline (MBBVPL) being developed by GITL.
8Business development mangers will have to work hard against tough competition for similar deals coming up for at least five other urea-ammonia plants on the anvil.
Click on Details for more Details
8Under the terms of the GTA, GITL would transport about 2 MMSCMD of natural gas from Mallavaram field in Andhra Pradesh to RFCL’s plant at Ramagundam in Telangana through the 1,81-km-ong Mallavaram-Bhopal- Bhilwara-Vijaipur Natural Gas Pipeline (MBBVPL) being developed by GITL.
8Business development mangers will have to work hard against tough competition for similar deals coming up for at least five other urea-ammonia plants on the anvil.
Click on Details for more Details
The website carries here the full details of a Rs 2700 crore revamp of a refinery facility which is migrating from BS-IV to BS-VI specifications.
8RFQs are being processed and clear business development opportunities are available.
Following new units are to be installed:
8DHDT: 2200 KTPA
8HGU: 44 KTPA
8Sour Water Stripper: 16.4 m3/hr
8ARU: 84 THP
8SRU+TGTU: 225 TDP
8FG Amine Treating Unit: 6 THP
Click on Reports for more Details
8RFQs are being processed and clear business development opportunities are available.
Following new units are to be installed:
8DHDT: 2200 KTPA
8HGU: 44 KTPA
8Sour Water Stripper: 16.4 m3/hr
8ARU: 84 THP
8SRU+TGTU: 225 TDP
8FG Amine Treating Unit: 6 THP
Click on Reports for more Details
Despite all the reforms in the upstream sector, a leading rating agency claims that the outlook is negative.
8"The outlook for the Indian upstream segment is negative due to challenging environment for the upstream and oil field services in view of subdued crude oil prices notwithstanding recent marginal recovery in prices. Further, fall in the domestic gas price since April 2016 would lead to yoy fall in profit levels of the upstream players," the agency claims.
8However, PSU upstream companies may benefit with lower under-recovery sharing burden as per the existing subsidy sharing formula.
8The belief is that reforms announced by the government are positive for the upstream sector fundamentals for the long-term
8But the near term impact is not significant as the reforms take time to play out.
8A sustained recovery in crude oil prices would be a key sensitivity for the prospects of the upstream sector in the medium term.
Click on Reports for more Details
8"The outlook for the Indian upstream segment is negative due to challenging environment for the upstream and oil field services in view of subdued crude oil prices notwithstanding recent marginal recovery in prices. Further, fall in the domestic gas price since April 2016 would lead to yoy fall in profit levels of the upstream players," the agency claims.
8However, PSU upstream companies may benefit with lower under-recovery sharing burden as per the existing subsidy sharing formula.
8The belief is that reforms announced by the government are positive for the upstream sector fundamentals for the long-term
8But the near term impact is not significant as the reforms take time to play out.
8A sustained recovery in crude oil prices would be a key sensitivity for the prospects of the upstream sector in the medium term.
Click on Reports for more Details
The outlook for the gas utilities segment continues to be highly dependent on the price of LNG in the face of competition coming in from the liquid fuels.
8LNG prices fell but seems to be rising again.
8While crude price have gone up, they are going down again.
Click on Reports to know more on the competitiveness of Indian gas sector in environment that still remains very fluid. Details
8LNG prices fell but seems to be rising again.
8While crude price have gone up, they are going down again.
Click on Reports to know more on the competitiveness of Indian gas sector in environment that still remains very fluid. Details
Oral evidence was sought from petroleum ministry officials by the Parliamentary Public Accounts Committee on action taken on the CAG Report on the Ratna and R Series Hydrocarbon fields.
8The fields have been under scrutiny after the Essar Group failed to get a deal through despite the fact that an LOI was issued to it.
8The Standing Committee had recommended that the fields be reverted back to ONGC
Click on Reports for more Details
8The fields have been under scrutiny after the Essar Group failed to get a deal through despite the fact that an LOI was issued to it.
8The Standing Committee had recommended that the fields be reverted back to ONGC
Click on Reports for more Details
Utility systems too are to be revamped for the refinery upgradation.
8Power: The operating configuration is to be revamped from 4GT+2GT to 5 GT+1TG
8Cooling water: Additonal CT of 4000 m3/hr
8Instrument air: One additional compressor for 6500 m3/hr and drier of 5000 nm3/hr
8Intermittent Feed storage tank for new DHDT: Floating roof kind, with a capacity of 20,000 m3
8New DHDT unit feed pumps: 1W+1S with a flow rate of 250 m3/hr.
8Additional flare system with a size of 64-inch and associated systems and piping will be needed
8Effluent treatment plant mostly for the Sour Water Stripper will have to come up
8New control room and a sub station are also to be installed
8RFQs are being processed for these requirements.
Click on Reports for more Details
8Power: The operating configuration is to be revamped from 4GT+2GT to 5 GT+1TG
8Cooling water: Additonal CT of 4000 m3/hr
8Instrument air: One additional compressor for 6500 m3/hr and drier of 5000 nm3/hr
8Intermittent Feed storage tank for new DHDT: Floating roof kind, with a capacity of 20,000 m3
8New DHDT unit feed pumps: 1W+1S with a flow rate of 250 m3/hr.
8Additional flare system with a size of 64-inch and associated systems and piping will be needed
8Effluent treatment plant mostly for the Sour Water Stripper will have to come up
8New control room and a sub station are also to be installed
8RFQs are being processed for these requirements.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Supply, Fabrication and Laying of pipelines [IOC] Details
8Consultancy work for carrying out detailed Technical feasibility study for construction of LPG Mounded storage Vessels [IOC] Details
8Supply of Gas Detectors, Gujarat Refinery [IOC] Details
8Supply of Gas Chromatograph for DHDS Unit, Gujarat Refinery [IOC] Details
8Supply of Reformer Catalyst for Hydrogen Units [MRPL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India's refineries to go capacity deficit by 2030 Details
8Oil falls further under $50 on Asia demand concern Details
8Gail India tenders to buy 6 LNG cargoes for 2017 delivery - trade sources Details
8D Rajkumar appointed CMD of BPCL Details
8Fuel crisis continues in Tripura due to dilapidated condition of NH 44 Details
8Piped natural gas for more citizens Details
8Oil near two-month low on economic woes; drillers adjust to lower prices Details
8Why oil business is not just trade & money, but a blood bath Details
8Petronet plans LNG Terminals in Sri Lanka and Bangladesh Details
8Oil prices fall on worries about oversupply Details
8Petronet LNG plans $3 billion investment in overseas push Details
8RIL's block holds 3.7 times established gas reserves: Niko Details
8GSPL signs GTA with Ramagundam Fertilizers for 2 mmscmd of gas Details
You can also click on Newsclips for more Details
8Supply, Fabrication and Laying of pipelines [IOC] Details
8Consultancy work for carrying out detailed Technical feasibility study for construction of LPG Mounded storage Vessels [IOC] Details
8Supply of Gas Detectors, Gujarat Refinery [IOC] Details
8Supply of Gas Chromatograph for DHDS Unit, Gujarat Refinery [IOC] Details
8Supply of Reformer Catalyst for Hydrogen Units [MRPL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India's refineries to go capacity deficit by 2030 Details
8Oil falls further under $50 on Asia demand concern Details
8Gail India tenders to buy 6 LNG cargoes for 2017 delivery - trade sources Details
8D Rajkumar appointed CMD of BPCL Details
8Fuel crisis continues in Tripura due to dilapidated condition of NH 44 Details
8Piped natural gas for more citizens Details
8Oil near two-month low on economic woes; drillers adjust to lower prices Details
8Why oil business is not just trade & money, but a blood bath Details
8Petronet plans LNG Terminals in Sri Lanka and Bangladesh Details
8Oil prices fall on worries about oversupply Details
8Petronet LNG plans $3 billion investment in overseas push Details
8RIL's block holds 3.7 times established gas reserves: Niko Details
8GSPL signs GTA with Ramagundam Fertilizers for 2 mmscmd of gas Details
You can also click on Newsclips for more Details
The use of bonded composite pipes is likely to be the next big game changer in offshore technology.
8Already, smaller dimension pipes are being deployed in light weight interventions but moving ahead, this new technology is likely to make big inroads into the mainline segments.
8The big advantage of these pipes is that they are able to withstand corrosion much better.
8And very high pressure and temperature too.
8Their smoother inner surfaces allow for low pressure drop and much higher flow rate.
8Will ONGC adopt such pipes into its KG-DWN-08/2 design?
8This remains a moot point
Click on Reports for more Details
8Already, smaller dimension pipes are being deployed in light weight interventions but moving ahead, this new technology is likely to make big inroads into the mainline segments.
8The big advantage of these pipes is that they are able to withstand corrosion much better.
8And very high pressure and temperature too.
8Their smoother inner surfaces allow for low pressure drop and much higher flow rate.
8Will ONGC adopt such pipes into its KG-DWN-08/2 design?
8This remains a moot point
Click on Reports for more Details
Subsea remote operated vehicle technology is undergoing a dramatic transformation.
8New generation ROVs have artificial intelligence and they are capable of sinuous, "snake like" movements, enabling them to get into narrow and confined subsea spaces.
8These ROVs are customized to the needs of an operator and specific field conditions
8What is more, they are permanently installed.
8After inspections and repaid work, they will return to their designated spaces for replenishment of batteries and transfer of data.
Click on Reports for more Details
8New generation ROVs have artificial intelligence and they are capable of sinuous, "snake like" movements, enabling them to get into narrow and confined subsea spaces.
8These ROVs are customized to the needs of an operator and specific field conditions
8What is more, they are permanently installed.
8After inspections and repaid work, they will return to their designated spaces for replenishment of batteries and transfer of data.
Click on Reports for more Details
ONGC is currently at the critical design stage of its offshore facilities in the $5 billion KG-DWN-98/2 development project.
8The E&P major will have to work closely with its contractors to ensure that the design elements incorporate cutting edge technology.
8ONGC should be able to push equipment and material design close to current technological boundaries to cope with high pressure and high temperature geological environment.
8The current emphasis in design is to speed up data acquisition on equipment used on offshore installations.
8For example, radio frequency identification tags in equipment have become an imperative so that by using hand held tablets, technicians can be presented on screen with bundles of information, including manufacturing data, certificates, drawings and video stimulation of maintenance and operational activities.
8Operators can also create a virtual platform of the actual platform using accurate laser technology so that the platform can be visualized in virtual reality. A virtual "walk around" is then possible.
8In fact, at the design stage itself, a "walk around" should be possible of the CAD design of a new platform.
8Incorporating all of these elements will help ONGC minimize downtime while raising O&M efficiency levels.
Click on Reports for more. Details
8The E&P major will have to work closely with its contractors to ensure that the design elements incorporate cutting edge technology.
8ONGC should be able to push equipment and material design close to current technological boundaries to cope with high pressure and high temperature geological environment.
8The current emphasis in design is to speed up data acquisition on equipment used on offshore installations.
8For example, radio frequency identification tags in equipment have become an imperative so that by using hand held tablets, technicians can be presented on screen with bundles of information, including manufacturing data, certificates, drawings and video stimulation of maintenance and operational activities.
8Operators can also create a virtual platform of the actual platform using accurate laser technology so that the platform can be visualized in virtual reality. A virtual "walk around" is then possible.
8In fact, at the design stage itself, a "walk around" should be possible of the CAD design of a new platform.
8Incorporating all of these elements will help ONGC minimize downtime while raising O&M efficiency levels.
Click on Reports for more. Details
Subsea remote operated vehicle technology is undergoing a dramatic transformation.
8New generation ROVs have artificial intelligence and they are capable of sinuous, "snake like" movements, enabling them to get into narrow and confined subsea spaces.
8These ROVs are customized to the needs of an operator and specific field conditions
8What is more, they are permanently installed.
8After inspections and repaid work, they will return to their designated spaces for replenishment of batteries and transfer of data.
Click on Reports for more Details
8New generation ROVs have artificial intelligence and they are capable of sinuous, "snake like" movements, enabling them to get into narrow and confined subsea spaces.
8These ROVs are customized to the needs of an operator and specific field conditions
8What is more, they are permanently installed.
8After inspections and repaid work, they will return to their designated spaces for replenishment of batteries and transfer of data.
Click on Reports for more Details
GAIL did gets its way with the PNGRB for a higher tariff rate for the Kochi-Koottanad-Mangalore-Bangalore pipeline.
8The PNGRB had fixed an interim levellized tariff of Rs 28.99/mmbtu as against GAIL's asking price of Rs 59.99
8This time around, the regulator has raised the final tariff rate from Rs 28.99/mmbtu for the period August, 2013 to March, 2016 to a substantial Rs .42.79/mmbtu.
8The point to note is that GAIL's asking price went up too, from Rs 59.99/mmbtu to Rs 86/mmbtu.
Click on Reports for more detailed break-up of tariff rates. Details
8The PNGRB had fixed an interim levellized tariff of Rs 28.99/mmbtu as against GAIL's asking price of Rs 59.99
8This time around, the regulator has raised the final tariff rate from Rs 28.99/mmbtu for the period August, 2013 to March, 2016 to a substantial Rs .42.79/mmbtu.
8The point to note is that GAIL's asking price went up too, from Rs 59.99/mmbtu to Rs 86/mmbtu.
Click on Reports for more detailed break-up of tariff rates. Details
The PNGRB has rejected GAIL's plea for raising the tariff rate for gas in the Dabhol-Bangalore pipeline.
8GAIL has sought a levelized tariff rate of Rs 73.49/mmbtu on GCV basis but the regulator was only willing to pay Rs 44.65/mmbtu.
8In its final ruling too, the PNGRB has refused to raise the tariff rate.
8GAIL can only be given Rs 44.65/mmbtu for the period February 2013 to March, 2016.
8The final zonal apportionment will Rs 44.63/mmbtu, Rs 44.66/mmbtu and Rs 44.67/mmbtu for zone 1, 2 and 3 respectively for 2013 to 2016 (March).
8The rates are Rs 40.82/mmbtu, Rs 49,86/mmbtu and Rs 40.86/mmbtu for the three zones respectively from April, 2016 omwards
Click on Reports for more Details
8GAIL has sought a levelized tariff rate of Rs 73.49/mmbtu on GCV basis but the regulator was only willing to pay Rs 44.65/mmbtu.
8In its final ruling too, the PNGRB has refused to raise the tariff rate.
8GAIL can only be given Rs 44.65/mmbtu for the period February 2013 to March, 2016.
8The final zonal apportionment will Rs 44.63/mmbtu, Rs 44.66/mmbtu and Rs 44.67/mmbtu for zone 1, 2 and 3 respectively for 2013 to 2016 (March).
8The rates are Rs 40.82/mmbtu, Rs 49,86/mmbtu and Rs 40.86/mmbtu for the three zones respectively from April, 2016 omwards
Click on Reports for more Details
GAIL believes obfuscation and filibustering is the best way to deal with PNGRB when it comes to tariff fixation.
8The idea seem to be to aim for the skies so that it can land on the tree tops
8If costs are shown as inflated, then the PNGRB will use its surgical knife to bring down the tariff rate.
8Gold plating therefore is the rule than the exception when it comes to dealing with the regulator.
8It is seen that there is a higher than 50% differential between the asking rate and the actual rate of tariff for GAIL's gas pipelines.
Click on Reports for more Details
8The idea seem to be to aim for the skies so that it can land on the tree tops
8If costs are shown as inflated, then the PNGRB will use its surgical knife to bring down the tariff rate.
8Gold plating therefore is the rule than the exception when it comes to dealing with the regulator.
8It is seen that there is a higher than 50% differential between the asking rate and the actual rate of tariff for GAIL's gas pipelines.
Click on Reports for more Details
HPCL is a relative new comer to the gas business among public sector oil marketing companies but it is trying hard to catch up.
8The company's Rs 5411 crore, 5 MMTPA LNG JV at the Chhara port may seem high cost now that nimble footed FSRU based units are planning to come on stream at a far lower cost and in quicker time.
8Nevertheless, HPCL claims that the project is moving ahead and commissioning is planned for October, 2019.
8The website also carries here a map of HPCL-invested gas pipeline across India.
830 MMTPA of gas pipeline capacity is coming up as a result.
8CNG sales is picking up in its Ahmedabad entity. Sales were at 11 TMT in 2015-16.
8It made a maiden entry in RLNG sales in 2014-15. Volumes are today at 36 TMT
8As fpr CGD, it is making an aggressive foray. An HPCL consortium emerged as the successful bidder for the East Godavari and West Godavari networks.
Click on Reports for more Details
8The company's Rs 5411 crore, 5 MMTPA LNG JV at the Chhara port may seem high cost now that nimble footed FSRU based units are planning to come on stream at a far lower cost and in quicker time.
8Nevertheless, HPCL claims that the project is moving ahead and commissioning is planned for October, 2019.
8The website also carries here a map of HPCL-invested gas pipeline across India.
830 MMTPA of gas pipeline capacity is coming up as a result.
8CNG sales is picking up in its Ahmedabad entity. Sales were at 11 TMT in 2015-16.
8It made a maiden entry in RLNG sales in 2014-15. Volumes are today at 36 TMT
8As fpr CGD, it is making an aggressive foray. An HPCL consortium emerged as the successful bidder for the East Godavari and West Godavari networks.
Click on Reports for more Details
The website carries here a pictorial map of HPCL's petroleum product pipelines on India.
8It is the second largest network in India.
8The POL network stretches over 3,015 kms
8The map also depicts various HPCL installations along the pipeline network
8Pipeline throughput data is also carried here.
Click on Reports for more Details
8It is the second largest network in India.
8The POL network stretches over 3,015 kms
8The map also depicts various HPCL installations along the pipeline network
8Pipeline throughput data is also carried here.
Click on Reports for more Details
For reference purposes, the website carries here details of HPCL's ongoing and future projects:
8Details are given on projects which have been completed in 2015-16 as also ongoing projects
But the focus of business development is on future projects, and details are carried here on:
8Refinery expansions and upgradations: Rs 25,000
8New POL pipeline projects: Rs 5000 crore
8New LPG plants, POL depots and lube blending plants
8New wind farm projects
Click on Reports for more Details
8Details are given on projects which have been completed in 2015-16 as also ongoing projects
But the focus of business development is on future projects, and details are carried here on:
8Refinery expansions and upgradations: Rs 25,000
8New POL pipeline projects: Rs 5000 crore
8New LPG plants, POL depots and lube blending plants
8New wind farm projects
Click on Reports for more Details
A big company such as HPCL has a large retail footprint and there is a lot of innovation currently going on in this segment.
8Branding and loyalty programmes cover thousands of retail outlets.
8There are also allied retail businesses covering 4000 outlets
8It boasts of 40 million customers
8The company has also put together a sophisticated fleet management solution.
8HPCL has a large supply infrastructure with POL tankages of 3.1 MMT, LPG bottling capacity of 4.1 MMTTPA and a lube blending capacity of 250 TMTPA.
8Among its IT initiatives are: terminal automation, online inventory management, online budgeting tool, online HSE index system, vehicle tracking system, among others.
Click on Reports for more Details
8Branding and loyalty programmes cover thousands of retail outlets.
8There are also allied retail businesses covering 4000 outlets
8It boasts of 40 million customers
8The company has also put together a sophisticated fleet management solution.
8HPCL has a large supply infrastructure with POL tankages of 3.1 MMT, LPG bottling capacity of 4.1 MMTTPA and a lube blending capacity of 250 TMTPA.
8Among its IT initiatives are: terminal automation, online inventory management, online budgeting tool, online HSE index system, vehicle tracking system, among others.
Click on Reports for more Details
RasGas cargoes to Dahej has just become more expensive, with the latest consignment last week coming at $6.67/mmbtu
8The price is linked to a three-month moving average price of crude.
8The landed price of LNG seems to be working through the recent hike in crude price.
8Overall, last week saw a rising trend in price.
8The last cargo in into Shell's Hazira terminal from Equatorial New Guinea is priced at $6.32/mmbtu.
Click on Details for more.
You can also click on our sister site, indianpetrochem.com for the latest LNG charts and price trends. Details
8The price is linked to a three-month moving average price of crude.
8The landed price of LNG seems to be working through the recent hike in crude price.
8Overall, last week saw a rising trend in price.
8The last cargo in into Shell's Hazira terminal from Equatorial New Guinea is priced at $6.32/mmbtu.
Click on Details for more.
You can also click on our sister site, indianpetrochem.com for the latest LNG charts and price trends. Details
For reference purposes the website carries here the following tenders:
8Procurement of Hydrochloric Acid, Panipat Refinery [IOC] Details
8Co-Processing of Oily Sludge, Mangalore [MRPL] Details
8Major Overhauling of Nitrogen Circulation Compressor, Haldia Refinery [IOC] Details
8Service, Maintenance and Calibration of Gas Detectors, Guwahati Refinery [IOC] Details
8Supply of Diaphragm Sealed Pressure Gauges, Paradip Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Politics over Gas Cylinders in poll-bound Uttar Pradesh Details
8Utpal Borah to head Oil India Details
8Gujarat govt intends to acquire 33 hectare land for IOC refinery Details
8Pradhan seeks cheap land from states for SC/ST pumps Details
8Russia offers Indian firms stake in Yamal LNG project Details
8Algeria's Sonatrach says to counter Total arbitration claim Details
8India,SA to bolster business ties in IT, renewable energy and pharmaceuticals sector Details
8France's Dunkirk LNG import terminal takes first shipment Details
8Another oil pipeline sabotaged in Nigeria Details
8Expect gas prices to remain low for 4-5 years: Prabhat Singh, MD & CEO, Petronet LNG Details
8US rig count up 9 this week to 440 Details
8Keppel, Shell form Singapore LNG bunkering joint venture Details
8Russia's Novatek enters LNG spot market with first shipment to Chile Details
8National Oilwell Varco, GE Oil & Gas to provide floating production storage solutions Details
8Singapore's Swiber warns of delay in $710 mln West Africa oil project Details
8Obama administration sets rules for future Arctic drilling Details
8Q1 revenue growth set to hit a 2-year high: Crisil Details
8Oil firms seek levy review Details
8Increasing output main focus, says new OIL CMD Details
8Indian Oil, BPCL and HPCL may hold 51% stake in Maharashtra refinery Details
8Booms and busts in oil prices Details
8Political parties should not unnecessarily drag corporates into their politics: Gautam Adani Details
8India stares at oil deficit in 15 years, says IOCs director for refineries Details
8ONGC mulling to relax eligibility criteria for hiring rigs; move may risk high stake business Details
8GLOBAL LNG-Prices poised to firm as new buy tender and outages bite Details
8Oil funds hold down risk, eye volatility after weak first half Details
You can also click on Newsclips for more Details
8Procurement of Hydrochloric Acid, Panipat Refinery [IOC] Details
8Co-Processing of Oily Sludge, Mangalore [MRPL] Details
8Major Overhauling of Nitrogen Circulation Compressor, Haldia Refinery [IOC] Details
8Service, Maintenance and Calibration of Gas Detectors, Guwahati Refinery [IOC] Details
8Supply of Diaphragm Sealed Pressure Gauges, Paradip Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Politics over Gas Cylinders in poll-bound Uttar Pradesh Details
8Utpal Borah to head Oil India Details
8Gujarat govt intends to acquire 33 hectare land for IOC refinery Details
8Pradhan seeks cheap land from states for SC/ST pumps Details
8Russia offers Indian firms stake in Yamal LNG project Details
8Algeria's Sonatrach says to counter Total arbitration claim Details
8India,SA to bolster business ties in IT, renewable energy and pharmaceuticals sector Details
8France's Dunkirk LNG import terminal takes first shipment Details
8Another oil pipeline sabotaged in Nigeria Details
8Expect gas prices to remain low for 4-5 years: Prabhat Singh, MD & CEO, Petronet LNG Details
8US rig count up 9 this week to 440 Details
8Keppel, Shell form Singapore LNG bunkering joint venture Details
8Russia's Novatek enters LNG spot market with first shipment to Chile Details
8National Oilwell Varco, GE Oil & Gas to provide floating production storage solutions Details
8Singapore's Swiber warns of delay in $710 mln West Africa oil project Details
8Obama administration sets rules for future Arctic drilling Details
8Q1 revenue growth set to hit a 2-year high: Crisil Details
8Oil firms seek levy review Details
8Increasing output main focus, says new OIL CMD Details
8Indian Oil, BPCL and HPCL may hold 51% stake in Maharashtra refinery Details
8Booms and busts in oil prices Details
8Political parties should not unnecessarily drag corporates into their politics: Gautam Adani Details
8India stares at oil deficit in 15 years, says IOCs director for refineries Details
8ONGC mulling to relax eligibility criteria for hiring rigs; move may risk high stake business Details
8GLOBAL LNG-Prices poised to firm as new buy tender and outages bite Details
8Oil funds hold down risk, eye volatility after weak first half Details
You can also click on Newsclips for more Details
Subsea technology is undergoing a dramatic transformation in the face of low oil prices and falling investment.
8Low oil prices have become a good accelerator for motivating operators to be receptive to new cost saving ideas in standardization, integration and technology.
8There is today an across the board reduction in the cost of equipment such as trees, controls, manifolds, and tie-in systems.
8Innovative ideas, like switching to all-electric subsea controls which eliminate large umbilicals, are gaining ground.
8Some ideas are clear winners, like removing the jumper, or interface between the flowline and manifold, and they provide simple ways to reduce equipment and installation time.
8The biggest cost reductions could result not from incremental changes, but from more dramatic changes in the way subsea fields are designed.
8Business models are changing too: Operators are now being coaxed to accept vendor based specifications to reduce costs.
8Technology is changing rapidly enough: there is now an attempt to create platform less subsea fields by the end of 2020.
Click on Reports for more. Details
8Low oil prices have become a good accelerator for motivating operators to be receptive to new cost saving ideas in standardization, integration and technology.
8There is today an across the board reduction in the cost of equipment such as trees, controls, manifolds, and tie-in systems.
8Innovative ideas, like switching to all-electric subsea controls which eliminate large umbilicals, are gaining ground.
8Some ideas are clear winners, like removing the jumper, or interface between the flowline and manifold, and they provide simple ways to reduce equipment and installation time.
8The biggest cost reductions could result not from incremental changes, but from more dramatic changes in the way subsea fields are designed.
8Business models are changing too: Operators are now being coaxed to accept vendor based specifications to reduce costs.
8Technology is changing rapidly enough: there is now an attempt to create platform less subsea fields by the end of 2020.
Click on Reports for more. Details
The two wheeler industry in India is undergoing a transformation following the imposition of new emission control norms.
8All new two-wheeler models would have to comply with BS IV emission norms and they will be applicable to existing two wheelers too.
8BS VI norms would mandate the use of electronic fuel injection (EFI) systems in two-wheelers, which would replace carburetors.
8Cost impact of EFI systems on two-wheelers is expected to be significant. At the existing levels of localization, there would be a cost differential of about 10-20% from the existing price of the two-wheeler; costs expected to come down subsequently as parts in the EFI system get localized.
Click on Reports to find out more on the technological challenges that the industry faces as it transits to cope with new emission control norms Details
8All new two-wheeler models would have to comply with BS IV emission norms and they will be applicable to existing two wheelers too.
8BS VI norms would mandate the use of electronic fuel injection (EFI) systems in two-wheelers, which would replace carburetors.
8Cost impact of EFI systems on two-wheelers is expected to be significant. At the existing levels of localization, there would be a cost differential of about 10-20% from the existing price of the two-wheeler; costs expected to come down subsequently as parts in the EFI system get localized.
Click on Reports to find out more on the technological challenges that the industry faces as it transits to cope with new emission control norms Details
The fall in oil prices is hitting countries in the Gulf in myriad ways.
8While Saudi Arabia's travails have been well documented, those of the others have not been in focus.
Here are some highlights:
8In 2015, the UAE fiscal balance turned to deficit
82016 budgets of all countries saw cuts in health expenditure
8Excise taxes on tobacco energy drinks and soft drinks are planned in Saudi and the UAE
8Inflationary pressures from fuel and utility subsidy cuts
8Kuwait is considering a 10% corporate tax on profits and a similar tax is under study in the UAE
8Borrowing costs climb as oil revenues plunge
8Energy investments continue to soar as Saudi Arabia and other countries turn more aggressive to preserve market share.
8Unemployment higher with layoffs
8Interest rates are being hiked and liquidity is being tightened.
Click on Reports for more on the dramatic changes taking place in oil investments in the Gulf Details
8While Saudi Arabia's travails have been well documented, those of the others have not been in focus.
Here are some highlights:
8In 2015, the UAE fiscal balance turned to deficit
82016 budgets of all countries saw cuts in health expenditure
8Excise taxes on tobacco energy drinks and soft drinks are planned in Saudi and the UAE
8Inflationary pressures from fuel and utility subsidy cuts
8Kuwait is considering a 10% corporate tax on profits and a similar tax is under study in the UAE
8Borrowing costs climb as oil revenues plunge
8Energy investments continue to soar as Saudi Arabia and other countries turn more aggressive to preserve market share.
8Unemployment higher with layoffs
8Interest rates are being hiked and liquidity is being tightened.
Click on Reports for more on the dramatic changes taking place in oil investments in the Gulf Details
The fall in crude prices has hit Saudi Arabia very badly.
8Foreign exchange reserves have fallen sharply for the second time in two years. The reserves are now down to $590 billion from 732 billion at the end of 2014.
8They are likely to go down further every year if oil prices remain low.
8Even as Saudi Arabia pumped higher levels of crude, from 9.71 million barrels per day in 2014 to 10.19 million barrels in 2015, its actual oil revenues contracted by 53% in 2015.
8The leadership is desperately trying to reform itself to become less dependent on oil but it is easier said than done.
8Both the stock market and the industrial sector in Saudi Arabia have slowed down in the aftermath of the oil price decline. Construction contracts are sharply down.
8The country's fiscal deficit is at a record high while its current account deficit is expected to be around $61 billion in 2016, according to an IMF estimate.
8Rating agencies have begun downgrading debt issuances by the country.
8These are grim days for Saudi Arabia and if oil prices continue to rule low, the future looks uncertain as of now.
Click on Reports for more Details
8Foreign exchange reserves have fallen sharply for the second time in two years. The reserves are now down to $590 billion from 732 billion at the end of 2014.
8They are likely to go down further every year if oil prices remain low.
8Even as Saudi Arabia pumped higher levels of crude, from 9.71 million barrels per day in 2014 to 10.19 million barrels in 2015, its actual oil revenues contracted by 53% in 2015.
8The leadership is desperately trying to reform itself to become less dependent on oil but it is easier said than done.
8Both the stock market and the industrial sector in Saudi Arabia have slowed down in the aftermath of the oil price decline. Construction contracts are sharply down.
8The country's fiscal deficit is at a record high while its current account deficit is expected to be around $61 billion in 2016, according to an IMF estimate.
8Rating agencies have begun downgrading debt issuances by the country.
8These are grim days for Saudi Arabia and if oil prices continue to rule low, the future looks uncertain as of now.
Click on Reports for more Details
Making out a case for use of solar power, the website carries here a comparison of electricity generation cost using different competing sources.
The cost of power generation is given for the following sources:
8Wind
8Solar CSP
8Solar PV
8Coal CCS
8Nuclear
8Oil (at $8/mmbtu)
8Gas at $8/mmbtu and $1/mmbtu
A case is made out for gas fired plants too to meet peak demand requirements.
Click on Reports for more Details
The cost of power generation is given for the following sources:
8Wind
8Solar CSP
8Solar PV
8Coal CCS
8Nuclear
8Oil (at $8/mmbtu)
8Gas at $8/mmbtu and $1/mmbtu
A case is made out for gas fired plants too to meet peak demand requirements.
Click on Reports for more Details
For those who are interested, the website carries here the details of the FPSO , dubbed Dhirubhai-1, that is chartered by RIL for its D-6 block.
The data is given in terms of:
8Name of the charterer
8Shipyard bult
8Contract terms
8Purchase options
8Debt outstanding.
The Bareboat + Operating agreement turns out a cash EBITDA of about $100 million a year for the owner.
Click on Repots for more. Details
The data is given in terms of:
8Name of the charterer
8Shipyard bult
8Contract terms
8Purchase options
8Debt outstanding.
The Bareboat + Operating agreement turns out a cash EBITDA of about $100 million a year for the owner.
Click on Repots for more. Details
An oil major is undertaking a pipeline replacement job in a 1200 km crude pipeline
8While a 72 km stretch is currently under replacement, more such replacements are likely when a risk and failure analysis is concluded within the next few months.
8Business development managers will need to keep vigil on when replacement demand for line pipes are going to come about in this pipeline.
Click on Repots for more. Details
8While a 72 km stretch is currently under replacement, more such replacements are likely when a risk and failure analysis is concluded within the next few months.
8Business development managers will need to keep vigil on when replacement demand for line pipes are going to come about in this pipeline.
Click on Repots for more. Details
The website carries here an analysis of how the line pipe industry is going to see robust growth in the future.
8With lower prices, companies will focus on saving transportation cost and pipelines are well placed to address this concern.
8Lower steel prices make pipelines more viable than ever before
8Pipeline operators are using this opportunity to build cost-effective pipelines.
Click on Reports to find out more on line pipe demand in the US, West Asia, Asia Pacific and India. Details
8With lower prices, companies will focus on saving transportation cost and pipelines are well placed to address this concern.
8Lower steel prices make pipelines more viable than ever before
8Pipeline operators are using this opportunity to build cost-effective pipelines.
Click on Reports to find out more on line pipe demand in the US, West Asia, Asia Pacific and India. Details
Many analysts had dubbed Saudi Arabia's decision to pump more crude into the world market at a time when prices were sharply on the decline as an imprudent one.
8The Saudi move to grab market share at any cost exacerbated the crisis.
8A new business model however claims that Saudi Arabia behaved rationally by trying to squeeze high cost oil producers out of the market.
8The timing was just right, according to the model.
8The move would have had less efficacy if it was attempted anytime before 2014.
8The model shows that profits out of Saudi Arabia's attempt to squeeze out higher cost producers such as shale oil operators in the US will be higher in the long run than under a strategy that preferred "accommodation" of these producers.
Click on Reports for more Details
8The Saudi move to grab market share at any cost exacerbated the crisis.
8A new business model however claims that Saudi Arabia behaved rationally by trying to squeeze high cost oil producers out of the market.
8The timing was just right, according to the model.
8The move would have had less efficacy if it was attempted anytime before 2014.
8The model shows that profits out of Saudi Arabia's attempt to squeeze out higher cost producers such as shale oil operators in the US will be higher in the long run than under a strategy that preferred "accommodation" of these producers.
Click on Reports for more Details
