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Jul 2017
Cairn India has been able to bring about significant cost cutting into its operations over the last two years.
8There is a 50% reduction in cost of fracking, with per frac cost coming down to $ 230,000.
8Over 70% of cost saving is structural from operating efficiency & design optimization
8Then again, days needed per frac has come down from 4.5 days to 2.2
8Water flooding costs have come down 27% over two years, from $5.8/bbl to $4.3/bbl.
8Polymer flooding costs are down 25% from $ 12/bbl to $ 9/bbl
8Cairn also considers itself to have among the lowest operating costs in the world, at $6/bbl, ahead only of Kuwait, Iraq, Saudi Arabia and Iran.
Click on Reports to find out more. Details
8There is a 50% reduction in cost of fracking, with per frac cost coming down to $ 230,000.
8Over 70% of cost saving is structural from operating efficiency & design optimization
8Then again, days needed per frac has come down from 4.5 days to 2.2
8Water flooding costs have come down 27% over two years, from $5.8/bbl to $4.3/bbl.
8Polymer flooding costs are down 25% from $ 12/bbl to $ 9/bbl
8Cairn also considers itself to have among the lowest operating costs in the world, at $6/bbl, ahead only of Kuwait, Iraq, Saudi Arabia and Iran.
Click on Reports to find out more. Details
8India's IOC strikes first US crude import deal, buys 1.6 million barrels of Mars grade oil.Click on Report for more.
8IndianOil and LanzaTech sign a Statement of Intent to Construct World's First Refinery Off Gas-to-Bioethanol Production Facility in India.Click on Report for more.
8Are diesel driven cars facing an identify crisis? Can they cope with the rapid changes in technology?Click on Report for more.
8India ethylene supply and demand balance, 2012-21, along with India current and future steam cracker capacity, and 2017 ethylene company balance.Click on Report for more.
8Around Rs 50,000 crore is going to be pumped into Eastern India, centered around the Dhamra LNG terminal.Click on Report for more.
8In an attempt to curb its rapidly growing dependence on coal imports, Beijing is rewriting the rules for the dry bulk market by restricting the number of ports.Click on Report for more.
8Adani Gas Ltd: Riding on captive infrastructure and exclusivity contracts.
Click on Reports to find out more Details
8IndianOil and LanzaTech sign a Statement of Intent to Construct World's First Refinery Off Gas-to-Bioethanol Production Facility in India.Click on Report for more.
8Are diesel driven cars facing an identify crisis? Can they cope with the rapid changes in technology?Click on Report for more.
8India ethylene supply and demand balance, 2012-21, along with India current and future steam cracker capacity, and 2017 ethylene company balance.Click on Report for more.
8Around Rs 50,000 crore is going to be pumped into Eastern India, centered around the Dhamra LNG terminal.Click on Report for more.
8In an attempt to curb its rapidly growing dependence on coal imports, Beijing is rewriting the rules for the dry bulk market by restricting the number of ports.Click on Report for more.
8Adani Gas Ltd: Riding on captive infrastructure and exclusivity contracts.
Click on Reports to find out more Details
For reference purposes the website carries here the following tenders:
8Hiring of Contract Services for Annual Rate Contract for Safety Valve Calibration/ Testing for a contract period of two years Details
8Hiring of Annual Rate Contract for CIPL/CAT, DCVG, Interference & Soil Resistivity Survey for BNPL and associated Pipeline Details
8Supply of Spare Flowmeters of Gas Turbines Details
8Appointment of Consultant for evaluation of contract areas under Discovered Small Fields Bid Round 2016 Details
8Supply of Ethyl Mercaptan to Mumbai Refinery and Uran LPG Plant Details
8Gas Sale from Kaza Field of Rajahmundry Asset Details
8Laying of welded flow lines from Pilot Plant to new drilling location in Bikaner-Nagaur basin of OIL's operational areas in Rajasthan Details
8Charter Hire of one Workover Rig to be used for Workover Jobs in Rajasthan Details
8Rate Contract for Expert services for maintenance jobs of Centrifugal Compressors and Steam Turbines at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol pumps unable to exploit oil companies with daily rates Details
8HPCL to turn into ONGC arm Details
8Electricity spending exceeded total oil, gas, coal investments in 2016 Details
8Oil falls as banks cut price forecasts Details
8Dharmendra Pradhan says PM Narendra Modi has 4 point formula for energy; here is what it is all about Details
8Oil prices end steady in thin trade Details
8Fundamental shift in oil supply, demand centres with tech disruption: Pradhan Details
8Iran expects steep increase in gas output, exports Details
8India only country where energy demand will continue to rise: Pradhan Details
8Oil to fall below $40 without more Opec efforts Details
8Oman Oil closes $2 billion loan financing - source Details
8Dharmendra Pradhan meets Lebanon, Russia Energy Ministers at WPC Details
8Dharmendra Pradhan rejects demand for ethanol price hike Details
8Opportunities for oil and gas despite demand worry: Total CEO Details
8Iran expects steep increase in gas output, exports Details
8India only country where energy demand will continue to rise: Pradhan Details
8Electricity investment overtakes oil, gas for first time ever in 2016 -IEA Details
You can also click on Newsclips for more Details
8Hiring of Contract Services for Annual Rate Contract for Safety Valve Calibration/ Testing for a contract period of two years Details
8Hiring of Annual Rate Contract for CIPL/CAT, DCVG, Interference & Soil Resistivity Survey for BNPL and associated Pipeline Details
8Supply of Spare Flowmeters of Gas Turbines Details
8Appointment of Consultant for evaluation of contract areas under Discovered Small Fields Bid Round 2016 Details
8Supply of Ethyl Mercaptan to Mumbai Refinery and Uran LPG Plant Details
8Gas Sale from Kaza Field of Rajahmundry Asset Details
8Laying of welded flow lines from Pilot Plant to new drilling location in Bikaner-Nagaur basin of OIL's operational areas in Rajasthan Details
8Charter Hire of one Workover Rig to be used for Workover Jobs in Rajasthan Details
8Rate Contract for Expert services for maintenance jobs of Centrifugal Compressors and Steam Turbines at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol pumps unable to exploit oil companies with daily rates Details
8HPCL to turn into ONGC arm Details
8Electricity spending exceeded total oil, gas, coal investments in 2016 Details
8Oil falls as banks cut price forecasts Details
8Dharmendra Pradhan says PM Narendra Modi has 4 point formula for energy; here is what it is all about Details
8Oil prices end steady in thin trade Details
8Fundamental shift in oil supply, demand centres with tech disruption: Pradhan Details
8Iran expects steep increase in gas output, exports Details
8India only country where energy demand will continue to rise: Pradhan Details
8Oil to fall below $40 without more Opec efforts Details
8Oman Oil closes $2 billion loan financing - source Details
8Dharmendra Pradhan meets Lebanon, Russia Energy Ministers at WPC Details
8Dharmendra Pradhan rejects demand for ethanol price hike Details
8Opportunities for oil and gas despite demand worry: Total CEO Details
8Iran expects steep increase in gas output, exports Details
8India only country where energy demand will continue to rise: Pradhan Details
8Electricity investment overtakes oil, gas for first time ever in 2016 -IEA Details
You can also click on Newsclips for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Job Services for GM Field Survey Details
8Laying of 3LPE Coated Oil/ Gas Pipeline Details
8Carrying out dehumidification of Vacuum column of Crude Unit Details
8Supply of Gas Detectors in refinery Details
8Execution of Instrumentation jobs during shutdown at refinery Details
8Carrying out miscellaneous Piping Works for GTU Project in refinery Details
8Civil and structural works for the Re-routing of existing pipe lines at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol pump dealers defer protest against daily price revision Details
8Oil companies build petrochemicals complexes to tackle future energy transition Details
8Indian Oil Corp to set up a bio-ethanol facility at Panipat Refinery Details
8BPCL plans to buy first U.S. crude via tender Document Details
8India to import US crude for first time, delivery in Oct Details
8IOC and LanzaTech to Construct World’s First Refinery Off Gas-to-Bioethanol Production Facility at IOC's Panipat refinery Details
8HPCL raises USD 500 mn via bonds issue in foreign markets Details
8Qatar Petroleum and Total to launch joint venture Details
8Oman to start processing gas from Khazzan in early Sept Details
8Petroleum sector facing growing challenges, says WPC president Details
8Reliance Industries pulls the plug on Peru oil block, trims overseas assets Details
8GST Bill: Allow input tax credit on five products, oil ministry says Details
8Dharmendra Pradhan meets US Secretary of State at WPC International Conference in Istanbul Details
8Income Tax department to attach shares if Cairn doesn't pay Rs 10,395 crore tax Details
8Iraq drills first well in Huwaiza oil field near Iranian border, oil ministry says Details
8Aramco CEO sees oil supply shortage as investments and discoveries drop Details
8Crude oil prices edge up but market still under pressure from high drilling Details
8Qatar says LNG exports not affected by Gulf boycott Details
8Shell sees rising investment in renewables Details
You can also click on Newsclips for more Details
8Hiring of Job Services for GM Field Survey Details
8Laying of 3LPE Coated Oil/ Gas Pipeline Details
8Carrying out dehumidification of Vacuum column of Crude Unit Details
8Supply of Gas Detectors in refinery Details
8Execution of Instrumentation jobs during shutdown at refinery Details
8Carrying out miscellaneous Piping Works for GTU Project in refinery Details
8Civil and structural works for the Re-routing of existing pipe lines at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol pump dealers defer protest against daily price revision Details
8Oil companies build petrochemicals complexes to tackle future energy transition Details
8Indian Oil Corp to set up a bio-ethanol facility at Panipat Refinery Details
8BPCL plans to buy first U.S. crude via tender Document Details
8India to import US crude for first time, delivery in Oct Details
8IOC and LanzaTech to Construct World’s First Refinery Off Gas-to-Bioethanol Production Facility at IOC's Panipat refinery Details
8HPCL raises USD 500 mn via bonds issue in foreign markets Details
8Qatar Petroleum and Total to launch joint venture Details
8Oman to start processing gas from Khazzan in early Sept Details
8Petroleum sector facing growing challenges, says WPC president Details
8Reliance Industries pulls the plug on Peru oil block, trims overseas assets Details
8GST Bill: Allow input tax credit on five products, oil ministry says Details
8Dharmendra Pradhan meets US Secretary of State at WPC International Conference in Istanbul Details
8Income Tax department to attach shares if Cairn doesn't pay Rs 10,395 crore tax Details
8Iraq drills first well in Huwaiza oil field near Iranian border, oil ministry says Details
8Aramco CEO sees oil supply shortage as investments and discoveries drop Details
8Crude oil prices edge up but market still under pressure from high drilling Details
8Qatar says LNG exports not affected by Gulf boycott Details
8Shell sees rising investment in renewables Details
You can also click on Newsclips for more Details
Depressed charter rates have stirred new interest in floating, storage and regasification units (FSRU) in Asia.
8Apart from much smaller initial capital outlay compared with an onshore terminal, FSRUs are quicker to bring supply on stream provided there are ready off-takers.
8Chinese ship owners are said to be looking at buying old carriers for conversion and chartering them out to city gas distributors, given attractively low valuations of some of these ships. Such carriers are typically 30 years and older with Moss containment system of 125,000 m³.
8Also see a cost comparison of FRSUs, converted or new, with onshore LNG terminals
Click on Reports for more Details
8Apart from much smaller initial capital outlay compared with an onshore terminal, FSRUs are quicker to bring supply on stream provided there are ready off-takers.
8Chinese ship owners are said to be looking at buying old carriers for conversion and chartering them out to city gas distributors, given attractively low valuations of some of these ships. Such carriers are typically 30 years and older with Moss containment system of 125,000 m³.
8Also see a cost comparison of FRSUs, converted or new, with onshore LNG terminals
Click on Reports for more Details
Marginal costing will be the name of the game for LNG suppliers in the short to medium term
8Find out more on why older LNG regasification facilities have an advantage here in catching customers
8Variable cost pricing will put further strain on newer, high cost LNG terminals
Click on Reports for more Details
8Find out more on why older LNG regasification facilities have an advantage here in catching customers
8Variable cost pricing will put further strain on newer, high cost LNG terminals
Click on Reports for more Details
LNG prices are likely to fall further going ahead
8Fresh demand-supply projections are showing surpluses further into the future than before
8Then again, significant un-contracted volumes have begun emerging.
8Get a sense of what is the volume of subcontracted capacity going ahead up to the year 2025 as of the moment
Click on Reports for more Details
8Fresh demand-supply projections are showing surpluses further into the future than before
8Then again, significant un-contracted volumes have begun emerging.
8Get a sense of what is the volume of subcontracted capacity going ahead up to the year 2025 as of the moment
Click on Reports for more Details
For LNG suppliers, a host of global factors can impact demand and prices over the short to medium term
8For reference purposes, the website carries here a list of factors.
8The factors range from how quickly Beijing cuts citygate gas prices to new demand arising from the chemical industry
8India going greener is an important factor too
Click on Reports to find out more on all the factors which will come into play while determining LNG demand and prices going ahead Details
8For reference purposes, the website carries here a list of factors.
8The factors range from how quickly Beijing cuts citygate gas prices to new demand arising from the chemical industry
8India going greener is an important factor too
Click on Reports to find out more on all the factors which will come into play while determining LNG demand and prices going ahead Details
Demand for gas for the rest of 2017-18 and 2018-19 seems to be facing headwinds in India
8The use of gas in some industrial clusters, which are price sensitive and are able to switch alternative fuels, are beginning to fall
8Gas sale is not included under GST and that is big reason for gas becoming uneconomical compared to dirtier liquid fuels.
8A whole new round of negotiations will be needed with state governments before GST on gas can be implemented and this process will now have to wait.
8But that is not the only reason why gas demand is tapering off in some places.
Click on Reports for more Details
8The use of gas in some industrial clusters, which are price sensitive and are able to switch alternative fuels, are beginning to fall
8Gas sale is not included under GST and that is big reason for gas becoming uneconomical compared to dirtier liquid fuels.
8A whole new round of negotiations will be needed with state governments before GST on gas can be implemented and this process will now have to wait.
8But that is not the only reason why gas demand is tapering off in some places.
Click on Reports for more Details
8Advances make 3D printers a more potent option for industrial production and may have a dramatic impact on the Indian job market.
8Adidas intends to use the 3D-printed soles to make trainers at two new, highly automated factories in Germany and America, instead of producing them in the low-cost Asian countries to which most trainer production has been outsourced in recent years.
8The firm will thus be able to bring its shoes to market faster and keep up with fashion trends. At the moment, getting a design to the shops can take months. The new factories, each of which is intended to turn out up to 500,000 pairs of trainers a year, should cut that to a week or less.
8As this trend gains momentum in other segments of the industry, it will have serious implications for India
8But from shows, it is now moving to industrial valves, and before long the oil and gas industry will feel its impact too.
Click on Reports for more Details
8Adidas intends to use the 3D-printed soles to make trainers at two new, highly automated factories in Germany and America, instead of producing them in the low-cost Asian countries to which most trainer production has been outsourced in recent years.
8The firm will thus be able to bring its shoes to market faster and keep up with fashion trends. At the moment, getting a design to the shops can take months. The new factories, each of which is intended to turn out up to 500,000 pairs of trainers a year, should cut that to a week or less.
8As this trend gains momentum in other segments of the industry, it will have serious implications for India
8But from shows, it is now moving to industrial valves, and before long the oil and gas industry will feel its impact too.
Click on Reports for more Details
Under GST, oil upstream companies and OMCs will be unable to claim the input GST credit on procurement of machinery and services as a majority products are excluded from GST regime.
8But clarity on the subject is now expected as much from the government as also from the oil companies
8Also find out more how GRM are going to be lower for oil marketing companies and that will not just because of inventory loss
Click on Reports for a detailed company-wise outlook Details
8But clarity on the subject is now expected as much from the government as also from the oil companies
8Also find out more how GRM are going to be lower for oil marketing companies and that will not just because of inventory loss
Click on Reports for a detailed company-wise outlook Details
LPG is turning out to be another competing fuel that gas suppliers need to look out for
8LPG has a significant price advantage in comparison to RLNG
8In some industrial areas, LPG supply infrastructure is being increasingly strengthened to play on the price differential.
8Then again, for furnace owners, coal is still a cheaper option than RLNG
Click on Reports to find out more Details
8LPG has a significant price advantage in comparison to RLNG
8In some industrial areas, LPG supply infrastructure is being increasingly strengthened to play on the price differential.
8Then again, for furnace owners, coal is still a cheaper option than RLNG
Click on Reports to find out more Details
8Oil and gas companies are showing the first signs of renewed appetite for investment after nearly three years of retrenchment
8There has been a lowering of oil demand forecast for 2017-18
8Shale oil production in the US will increase as a result of the extension of the OPEC agreement on oil production cut
8Qatar is becoming more strategic in marketing its cargoes, which will help it maintain its importance as an LNG player.
8Analysts at UBS lowered the forecast for oil prices for the next two years.
8The number of active oil and gas rigs in the world rose for the first time in three months.
8US Chevron Corp. faced new problems in implementation of the Australian Gorgon LNG project
8Find our more on how Qatar Gas is reshaping its relationship with Shell and how it is going to impact the market
Click on Reports for more Details
8There has been a lowering of oil demand forecast for 2017-18
8Shale oil production in the US will increase as a result of the extension of the OPEC agreement on oil production cut
8Qatar is becoming more strategic in marketing its cargoes, which will help it maintain its importance as an LNG player.
8Analysts at UBS lowered the forecast for oil prices for the next two years.
8The number of active oil and gas rigs in the world rose for the first time in three months.
8US Chevron Corp. faced new problems in implementation of the Australian Gorgon LNG project
8Find our more on how Qatar Gas is reshaping its relationship with Shell and how it is going to impact the market
Click on Reports for more Details
8A detailed write-up on IOC's R&D efforts and green energy foray.Click on Report for more.
8Rates in the Asian VLCC market moved sideways as a burst in chartering activity helped to prevent further decline.Click on Report for more.
8A detailed review of the petroleum refining market. Click on Report for more.
8Indian towards energy independence in 2030: A report Click on Report for more.
8A feasibility report on an inland oil terminal that is coming up
Click on Reports for more Details
8Rates in the Asian VLCC market moved sideways as a burst in chartering activity helped to prevent further decline.Click on Report for more.
8A detailed review of the petroleum refining market. Click on Report for more.
8Indian towards energy independence in 2030: A report Click on Report for more.
8A feasibility report on an inland oil terminal that is coming up
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Hiring of O&M Contract for Landfill Gas Pilot Project Details
8Integration of SAP with level gauges, temperature and pressures gauges installed on LPG storage vessels for online data transfer and dip posting at LPG Bottling Plant Details
8Carrying out Automated Ultrasonic Thickness mapping under HMRBPL Details
8Cleaning of Tubes in different modules by Dry Ice Blasting Technology at refinery Details
8Supply of Methanol for industrial use Details
8Qualification of vendors to set up Early Production System along with Operation and Maintenance Details
8Carrying out servicing of control valves Details
8Carrying out Fabrication/ Welding/ Erection of Piping and Structural jobs Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Gas exports to neighboring countries, India prioritized Details
8Reliance buys coal bed methane gas from own blocks at $7.8/mBtu Details
8Indian Oil sees Dhamra LNG terminal drawing major investments into East India Details
8India’s first week under GST: steel market weakens, less impact on polymer, biofuels Details
8ONGC Videsh gets 2-year extension for exploring Vietnamese oil block Details
8Reliance exits Peru oil block Details
8Ground breaking ceremony of Rs 6,000 crore Dhamra LNG Terminal held Details
8Canada's lender Desjardins may stop energy pipeline loans, cites environment Details
8G-20 leaders propose Hamburg Action Plan at summit conclusion Details
8Will ensure that GST rates on bio diesel are reduced, says Dharmendra Pradhan Details
8Cabinet may decide on HPCL stake sale to ONGC this month Details
8Dharmendra Pradhan to attend World Petroleum Congress in Turkey Details
8Congress leader Jena alleges scam in shifting of LNG terminal to Dhamra Details
8European Union-Norway crab row could fuel oil tensions in Arctic Details
8Niti Aayog roots for methanol-from-coal to cut down LPG import bill Details
8G20: Compromise on climate change, but at what cost? Details
8Inflation, IIP data, Q1 earnings to be market movers this week Details
You can also click on Newsclips for more Details
8Hiring of O&M Contract for Landfill Gas Pilot Project Details
8Integration of SAP with level gauges, temperature and pressures gauges installed on LPG storage vessels for online data transfer and dip posting at LPG Bottling Plant Details
8Carrying out Automated Ultrasonic Thickness mapping under HMRBPL Details
8Cleaning of Tubes in different modules by Dry Ice Blasting Technology at refinery Details
8Supply of Methanol for industrial use Details
8Qualification of vendors to set up Early Production System along with Operation and Maintenance Details
8Carrying out servicing of control valves Details
8Carrying out Fabrication/ Welding/ Erection of Piping and Structural jobs Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Gas exports to neighboring countries, India prioritized Details
8Reliance buys coal bed methane gas from own blocks at $7.8/mBtu Details
8Indian Oil sees Dhamra LNG terminal drawing major investments into East India Details
8India’s first week under GST: steel market weakens, less impact on polymer, biofuels Details
8ONGC Videsh gets 2-year extension for exploring Vietnamese oil block Details
8Reliance exits Peru oil block Details
8Ground breaking ceremony of Rs 6,000 crore Dhamra LNG Terminal held Details
8Canada's lender Desjardins may stop energy pipeline loans, cites environment Details
8G-20 leaders propose Hamburg Action Plan at summit conclusion Details
8Will ensure that GST rates on bio diesel are reduced, says Dharmendra Pradhan Details
8Cabinet may decide on HPCL stake sale to ONGC this month Details
8Dharmendra Pradhan to attend World Petroleum Congress in Turkey Details
8Congress leader Jena alleges scam in shifting of LNG terminal to Dhamra Details
8European Union-Norway crab row could fuel oil tensions in Arctic Details
8Niti Aayog roots for methanol-from-coal to cut down LPG import bill Details
8G20: Compromise on climate change, but at what cost? Details
8Inflation, IIP data, Q1 earnings to be market movers this week Details
You can also click on Newsclips for more Details
If Make in India slogan is converted into a value addition business along the lines of the recent steel ministry directive, how will the Indian economy fare?
8There will clearly be a cost as well as a benefit to it
8While domestic value addition is done, will it come at the cost of quality or price?
8If the overall cost to the economy, sometimes in terms of higher cost of materials or lower quality, is taken into account as a result of value addition, how will the arithmetic work?
8Is value addition a hark back to the indigenization effort during the pre-liberalization era, when India was starved of foreign currency? Click on Report for more. Details
8There will clearly be a cost as well as a benefit to it
8While domestic value addition is done, will it come at the cost of quality or price?
8If the overall cost to the economy, sometimes in terms of higher cost of materials or lower quality, is taken into account as a result of value addition, how will the arithmetic work?
8Is value addition a hark back to the indigenization effort during the pre-liberalization era, when India was starved of foreign currency? Click on Report for more. Details
While posting a positive cash flow, GEECL seems to have run into trouble, both with the DGH, the PNGRB as well as its contractors
8A primary contractor of the company has taken it to court for unpaid dues, and there are now a bitter series of claims and counter claims
8The PNGRB has slapped a penalty for an unauthorised gas pipeline.
8The DGH too has claimed that dues have not been paid
8The allocation for another CBM block is currently under contest
Most of these these issues are currently under litigation or arbitration.
Click on Reports for more Details
8A primary contractor of the company has taken it to court for unpaid dues, and there are now a bitter series of claims and counter claims
8The PNGRB has slapped a penalty for an unauthorised gas pipeline.
8The DGH too has claimed that dues have not been paid
8The allocation for another CBM block is currently under contest
Most of these these issues are currently under litigation or arbitration.
Click on Reports for more Details
Even as ONGC struggles with its Bokaro CBM block on account of high overheads, there are others who are making money.
8One example is Great Eastern Energy Corporation Ltd (GEEC) in the Raniganj block
8Operations are small scale -- total revenues are at around $ 30 million -- but the gas price elicited is good enough to generate cash.
8The company claims to have an OIGP of 2.62 TCF, 3P reserves of 595 BCF
8There are a total of 114 gas producing wells under operations as of now.
Click on Reports for more Details
8One example is Great Eastern Energy Corporation Ltd (GEEC) in the Raniganj block
8Operations are small scale -- total revenues are at around $ 30 million -- but the gas price elicited is good enough to generate cash.
8The company claims to have an OIGP of 2.62 TCF, 3P reserves of 595 BCF
8There are a total of 114 gas producing wells under operations as of now.
Click on Reports for more Details
What are the big constraints in 2G production?
8One is the biomass availability round the year in 50 km radius around the year
8The question of secondary fuel supply for use in boiler is also to be addressed
8There is no question that 2G ethanol has a higher cost of production compared to first generation ethanol, but the question is by how much?
8Other questions to take into account are benchmark cost estimates for biomass, secondary fuel, utility, raw water and land
8What eventually is the 12% pretax cost of ethanol?
8And how does it compare with current ethanol prices?
8In this context, India is an ideal country for a bio-fuel revolution but is it a viable proposition as of now?
Click on Reports to find out more Details
8One is the biomass availability round the year in 50 km radius around the year
8The question of secondary fuel supply for use in boiler is also to be addressed
8There is no question that 2G ethanol has a higher cost of production compared to first generation ethanol, but the question is by how much?
8Other questions to take into account are benchmark cost estimates for biomass, secondary fuel, utility, raw water and land
8What eventually is the 12% pretax cost of ethanol?
8And how does it compare with current ethanol prices?
8In this context, India is an ideal country for a bio-fuel revolution but is it a viable proposition as of now?
Click on Reports to find out more Details
The comparison is provided over the following parameters:
Salient features of the technologies provides by the four suppliers in terms of:
8Processes involved
8Pretreatment involved
8Criticality in process
8Lignin separation
8Feedstock
8Amount of feed needed per day
8Feed size
8Conversion time
8Various yield parameters
8Secondary fuel for boiler
8Total ash generation
8Enzyme demand
8Yeast demand
8Chemicals quantity
8Solvent
8Nutrients quantity
8Utilities needed
8Current status of technology provided
8Compatibility to multiple feeds
8Byproduct utilization in terms of power generation
8Water recycling
8Affluent treatment
8License fee
8Turndown capacity
Click on Reports for more Details
Salient features of the technologies provides by the four suppliers in terms of:
8Processes involved
8Pretreatment involved
8Criticality in process
8Lignin separation
8Feedstock
8Amount of feed needed per day
8Feed size
8Conversion time
8Various yield parameters
8Secondary fuel for boiler
8Total ash generation
8Enzyme demand
8Yeast demand
8Chemicals quantity
8Solvent
8Nutrients quantity
8Utilities needed
8Current status of technology provided
8Compatibility to multiple feeds
8Byproduct utilization in terms of power generation
8Water recycling
8Affluent treatment
8License fee
8Turndown capacity
Click on Reports for more Details
What does setting up a 2G ethanol plant in India imply?
8There are not many commercial grade technology providers around.
8There is no doubt that production of 2G ethanol has immense benefits, as agricultural waste is recycled in an environmental friendly manner. Even CO2 and Bio-CNG, which emerge as by products, can be sold in the local market eventually.
8For reference purposes, we are carry here a detailed techno-commercial analysis of setting up a 100 KLPD 2G Lingo-cellulosic plant.
8The technology and cost involved of four prominent suppliers domestic and global suppliers in India are compared.
8And a winner chosen.
Click on Reports for more Details
8There are not many commercial grade technology providers around.
8There is no doubt that production of 2G ethanol has immense benefits, as agricultural waste is recycled in an environmental friendly manner. Even CO2 and Bio-CNG, which emerge as by products, can be sold in the local market eventually.
8For reference purposes, we are carry here a detailed techno-commercial analysis of setting up a 100 KLPD 2G Lingo-cellulosic plant.
8The technology and cost involved of four prominent suppliers domestic and global suppliers in India are compared.
8And a winner chosen.
Click on Reports for more Details
India figures way down in a list of companies which provide public finance for promotion of fossil fuels
8This analysis shows that G20 governments are providing nearly 4 times more public finance to fossil fuels than to clean energy.
8Public finance is defined as financing that is controlled by governments and includes funding by multilateral and development agencies.
8What is the reason why India is not on the radar here?
8The reason could well be that bulk of the funding comes from internal accruals of public sector companies
Click on Reports for more Details
8This analysis shows that G20 governments are providing nearly 4 times more public finance to fossil fuels than to clean energy.
8Public finance is defined as financing that is controlled by governments and includes funding by multilateral and development agencies.
8What is the reason why India is not on the radar here?
8The reason could well be that bulk of the funding comes from internal accruals of public sector companies
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Low Temperature Silicon based Demulsifier for Neelam & Heera Asset Details
8Supply, installation, commissioning and testing of complete unit of DCP Skids Details
8Civil Works on ARC Basis for City Gas Project in Kanpur and Bareilly Details
8Rate contract for repair/ overhaul of LT rotating machines for offshore platforms Details
8Civil works at drill site in Geleky area Details
8Laying and Construction of Steel Pipeline along with associated facilities for Dhamra-Angul Section of Jagdishpur Haldia-Bokaro-Dhamra Pipeline Project Details
8Procurement of Transportable/ Portable, Automatic Hydrocarbon Dew Point Meter/ Analyzer Details
8Supply of Mass Flow Meters for VGO Unit for BS-IV Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Vietnam renews India oil deal in tense South China Sea Details
8Indian Oil Corporation rubbishes RTI claim of no LPG connections under PMUY scheme in northeastern states Details
8HPCL divestment: Cabinet to consider sale of Rs 26k-cr govt stake to ONGC Details
8Cabinet call on oil stake churn soon Details
8HPCL, ONGC merger may get Cabinet nod this month, but the deal may still take 1 year Details
8Oil firms to study impact of daily price revision over 3 months Details
8LPG gas connection: Oil marketing companies plan to raise battling capacity as Pradhan Mantri Ujjwala Yojana raises demand Details
8Poland foreign minister says more U.S. LNG supply depends on Washington Details
8Saudi Arabia tightens its grip on Japan, its biggest Asian oil market Details
8France aims for carmakers to ditch petrol and diesel by 2040 Details
8Petrol pump owners’ protest may lead to fuel scarcity Details
8U.S. gas market rebalances as power producers return to coal: Kemp Details
8Asia shares shaky, oil recovers after slump on Opec export rise Details
8ONGC, Oil India better bets than downstream oil companies Details
8Oil prices edge up on US crude stock draw, but market remains weak Details
You can also click on Newsclips for more Details
8Procurement of Low Temperature Silicon based Demulsifier for Neelam & Heera Asset Details
8Supply, installation, commissioning and testing of complete unit of DCP Skids Details
8Civil Works on ARC Basis for City Gas Project in Kanpur and Bareilly Details
8Rate contract for repair/ overhaul of LT rotating machines for offshore platforms Details
8Civil works at drill site in Geleky area Details
8Laying and Construction of Steel Pipeline along with associated facilities for Dhamra-Angul Section of Jagdishpur Haldia-Bokaro-Dhamra Pipeline Project Details
8Procurement of Transportable/ Portable, Automatic Hydrocarbon Dew Point Meter/ Analyzer Details
8Supply of Mass Flow Meters for VGO Unit for BS-IV Project Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Vietnam renews India oil deal in tense South China Sea Details
8Indian Oil Corporation rubbishes RTI claim of no LPG connections under PMUY scheme in northeastern states Details
8HPCL divestment: Cabinet to consider sale of Rs 26k-cr govt stake to ONGC Details
8Cabinet call on oil stake churn soon Details
8HPCL, ONGC merger may get Cabinet nod this month, but the deal may still take 1 year Details
8Oil firms to study impact of daily price revision over 3 months Details
8LPG gas connection: Oil marketing companies plan to raise battling capacity as Pradhan Mantri Ujjwala Yojana raises demand Details
8Poland foreign minister says more U.S. LNG supply depends on Washington Details
8Saudi Arabia tightens its grip on Japan, its biggest Asian oil market Details
8France aims for carmakers to ditch petrol and diesel by 2040 Details
8Petrol pump owners’ protest may lead to fuel scarcity Details
8U.S. gas market rebalances as power producers return to coal: Kemp Details
8Asia shares shaky, oil recovers after slump on Opec export rise Details
8ONGC, Oil India better bets than downstream oil companies Details
8Oil prices edge up on US crude stock draw, but market remains weak Details
You can also click on Newsclips for more Details
The fact that Iran has just signed up with the Chinese super major, CNPC -- along with Total of France -- for a gigantic South Paras Phase-11 offshore development sends a wrong signal to India.
8The 20-year contract is the first signed by Iran since the lifting of sanctions in January 2016. Phase-11 is the last of the gas reservoir phases at South Pars yet to be developed. The project will have a production capacity of 2 Bcf/d, or 400,000 boe/d including condensate.
8This announcement comes after Iran, in a snub at India, signed an initial pack with Russia's Gazprom for developing ONGC-discovered gas field of Farzad B while still keeping the door open for awarding it to the Indian firm.
8One of the big mistakes made by India was to try and pressurize Iran to award the block by cutting down on oil offtake. This was a miscalculation as Iranians -- who have lived under years of Amercian sacntions -- react adversely to any kind of pressure.
8India was expecting too much when it sought reciprocation in kind for supporting Iran -- by going to great lengths to buy its crude under a semi-barter system -- during the time of US sanctions.
8The Iranians have never been known for such reciprocation.
8A careful perusal of how Iran reneged on an LNG supply deal signed in Tehran by then petroleum minister Mani Shankar Aiyer with his Iranian counterpart would have given today's policy makers an insight into how the Iranian mind works.
8If CNPC could enter into a deal with Iran -- for the Chinese too had supported Iran during its times of crisis -- there was no reason why OVL couldn't have done the same. What was needed was subtle lobbying and perhaps a partnering with a company like Gazprom, which has clout with the Iranians, to dilute the risk instead of trying to go it alone.
8This is one deal that wasn't handled right by New Delhi
8But is there still time to retrieve the deal?
8Perhaps not, after Prime Minister's visit to Israel and the Iran's supreme leader Ayatollah Ali Khamenei's recent assertion on Kashmir
Click on Details and Reports for more Details
8The 20-year contract is the first signed by Iran since the lifting of sanctions in January 2016. Phase-11 is the last of the gas reservoir phases at South Pars yet to be developed. The project will have a production capacity of 2 Bcf/d, or 400,000 boe/d including condensate.
8This announcement comes after Iran, in a snub at India, signed an initial pack with Russia's Gazprom for developing ONGC-discovered gas field of Farzad B while still keeping the door open for awarding it to the Indian firm.
8One of the big mistakes made by India was to try and pressurize Iran to award the block by cutting down on oil offtake. This was a miscalculation as Iranians -- who have lived under years of Amercian sacntions -- react adversely to any kind of pressure.
8India was expecting too much when it sought reciprocation in kind for supporting Iran -- by going to great lengths to buy its crude under a semi-barter system -- during the time of US sanctions.
8The Iranians have never been known for such reciprocation.
8A careful perusal of how Iran reneged on an LNG supply deal signed in Tehran by then petroleum minister Mani Shankar Aiyer with his Iranian counterpart would have given today's policy makers an insight into how the Iranian mind works.
8If CNPC could enter into a deal with Iran -- for the Chinese too had supported Iran during its times of crisis -- there was no reason why OVL couldn't have done the same. What was needed was subtle lobbying and perhaps a partnering with a company like Gazprom, which has clout with the Iranians, to dilute the risk instead of trying to go it alone.
8This is one deal that wasn't handled right by New Delhi
8But is there still time to retrieve the deal?
8Perhaps not, after Prime Minister's visit to Israel and the Iran's supreme leader Ayatollah Ali Khamenei's recent assertion on Kashmir
Click on Details and Reports for more Details
In one of the most comprehensive exercises done recently, a research agency has used extensive calculations to arrive at five yearly projections going up to 2040 for the following items:
8Crude oil prices
8Natural gas prices
8Coal prices
8Carbon prices
8Electricity generation, source-wise
8Source-wise levelized costs
8Sales of vehicles by power train
8Low weight composite cost
8Battery cost
8Fuel efficiency standards
8Steel production
8Steel scrap prices
8Cement production
8Clinker to Cement production
8Country-specific share of alternate fuels
8CCS deployment, country-wise
8Secondary fuel prices
8Aviation demand and ATF prices
8Bio fuel penetration
8Shipping transport demand and fuel prices, alternate fuel penetration, efficiency ratios
8There is also an accompanying bibliography that outlines the various publications from where all this data has been pulled out
8This data will be extremely informative for those who are interested in conducting modeling exercises
Click on Reports for more Details
8Crude oil prices
8Natural gas prices
8Coal prices
8Carbon prices
8Electricity generation, source-wise
8Source-wise levelized costs
8Sales of vehicles by power train
8Low weight composite cost
8Battery cost
8Fuel efficiency standards
8Steel production
8Steel scrap prices
8Cement production
8Clinker to Cement production
8Country-specific share of alternate fuels
8CCS deployment, country-wise
8Secondary fuel prices
8Aviation demand and ATF prices
8Bio fuel penetration
8Shipping transport demand and fuel prices, alternate fuel penetration, efficiency ratios
8There is also an accompanying bibliography that outlines the various publications from where all this data has been pulled out
8This data will be extremely informative for those who are interested in conducting modeling exercises
Click on Reports for more Details
The global seismic industry is in complete disarray following the big downturn. The climate change lobby's continuing claim that carbon emissions from existing oil and gas fields alone with jeopardize the target for keeping global warming below the 2 degree mark leave alone any output from fresh discoveries has hurt the industry.
8In India however, the story is different as the country embarks on a rapid exploration spree.
8The launch of National Data Repository and the introduction of OLAP will enhance the prospect of the seismic survey industry in India.
8Riding on large government backed orders, Indian siesmic companies are making money.
Click on Reports to find out more on how the India seismic survey industry is posed for growth even though the prospects are less than rosy elsewhere in the world Details
8In India however, the story is different as the country embarks on a rapid exploration spree.
8The launch of National Data Repository and the introduction of OLAP will enhance the prospect of the seismic survey industry in India.
8Riding on large government backed orders, Indian siesmic companies are making money.
Click on Reports to find out more on how the India seismic survey industry is posed for growth even though the prospects are less than rosy elsewhere in the world Details
ONGC has invested a total of Rs 80,000 crore in new field developments, with completions going up to 2026
8For reference purposes, the website carries here the field-wise details of ONGC's investments
The data is given here in terms of
-- Name of the project
-- Project cost
-- Peak production
-- Field life
-- Completion
8Capex plans are going to be at around Rs 30,000 crore per year and are largely to be funded by internal accruals.
8OVL will spend around Rs 7000 crore a year.
Click on Reports for more Details
8For reference purposes, the website carries here the field-wise details of ONGC's investments
The data is given here in terms of
-- Name of the project
-- Project cost
-- Peak production
-- Field life
-- Completion
8Capex plans are going to be at around Rs 30,000 crore per year and are largely to be funded by internal accruals.
8OVL will spend around Rs 7000 crore a year.
Click on Reports for more Details
In an interview, the ONGC chairman D.K. Sarraf made the following points:
8Output will go up by an incremental 25 mmscmd by 2020. 60% of this is going to come from the KG-DWN-98/2 while the other 40% will be contributed by the Daman, C-26, Vasistha & S1, WO-16 and B-127 offshore assets.
8Offshore gas output will increase by 14% and onshore by 4%
8Oil output will go up at a lower pace, offshore by 3% and onshore by 1%
8Oil & gas finding cost has halved over the past 3 years to $ 2.53/boe due to drilling efficiency, dry well cost reduction, higher exploration success and reduction in cost of services.
8Drilling cost in FY17 also plunged 37% YoY, driven by improvement in operational efficiency, introduction of new technology and reduction in cost of hired services.
8Also given here are the key projects along with their investments which will revive gas output.
8Estimated oil and gas production going up to 2020 is carried here.
Click on Reports for more Details
8Output will go up by an incremental 25 mmscmd by 2020. 60% of this is going to come from the KG-DWN-98/2 while the other 40% will be contributed by the Daman, C-26, Vasistha & S1, WO-16 and B-127 offshore assets.
8Offshore gas output will increase by 14% and onshore by 4%
8Oil output will go up at a lower pace, offshore by 3% and onshore by 1%
8Oil & gas finding cost has halved over the past 3 years to $ 2.53/boe due to drilling efficiency, dry well cost reduction, higher exploration success and reduction in cost of services.
8Drilling cost in FY17 also plunged 37% YoY, driven by improvement in operational efficiency, introduction of new technology and reduction in cost of hired services.
8Also given here are the key projects along with their investments which will revive gas output.
8Estimated oil and gas production going up to 2020 is carried here.
Click on Reports for more Details
Qatar's decision to add an extra 30% to its existing LNG capacity by 2024, taking the total up to 100 MMTPA is likely to dramatically upset the projected demand-supply balance in the global LNG market.
8This will mean that the supply gap that was initially meant to emerge by 2021, later postponed to 2024, is likely to be put off by another few years.
8Given that there will be excess supplies coming in from the US and Australia as well, Qatar is likely to fight hard to retain and deepen its market share in proximate markets like India where it has a comparative advantage in relation to other suppliers.
8In likelihood, Qatar is likely to under cut other suppliers to India.
8The upshot of all of this is that the new gas to be produced by ONGC and RIL-BP will have to stay competitive to the landed price of LNG set essentially by Qatar, essential for the life of these projects. Peak production from these fields will happen at a time when LNG prices will be under pressure.
8Qatar's new plans will work to hamstring Indian producers, curtailing their pricing power, keeping their margins under stress.
Click on Reports for more Details
8This will mean that the supply gap that was initially meant to emerge by 2021, later postponed to 2024, is likely to be put off by another few years.
8Given that there will be excess supplies coming in from the US and Australia as well, Qatar is likely to fight hard to retain and deepen its market share in proximate markets like India where it has a comparative advantage in relation to other suppliers.
8In likelihood, Qatar is likely to under cut other suppliers to India.
8The upshot of all of this is that the new gas to be produced by ONGC and RIL-BP will have to stay competitive to the landed price of LNG set essentially by Qatar, essential for the life of these projects. Peak production from these fields will happen at a time when LNG prices will be under pressure.
8Qatar's new plans will work to hamstring Indian producers, curtailing their pricing power, keeping their margins under stress.
Click on Reports for more Details
ONGC was miffed recently by a third party inspection (TPI) report on a critical lot of drilling equipment
8It turned out that the drilling equipment were certified by the TPI but when tested on the ground, the specifications were found to be different.
8This had happened because the TPI was hired by the contractor himself.
Click on Details to find out more on the incident. Details
8It turned out that the drilling equipment were certified by the TPI but when tested on the ground, the specifications were found to be different.
8This had happened because the TPI was hired by the contractor himself.
Click on Details to find out more on the incident. Details
ONGC has now changed the rules for Third Party Inspection
8A new empanelment of third party inspection agencies is in the offing.
8What is more, both its in-house inspection department as well as third party agencies will be involved
8But the jobs to be done by the two have been clearly delineated.
8Also find out more on who will be handling the inspection of drilling rigs
Click on Details for more Details
8A new empanelment of third party inspection agencies is in the offing.
8What is more, both its in-house inspection department as well as third party agencies will be involved
8But the jobs to be done by the two have been clearly delineated.
8Also find out more on who will be handling the inspection of drilling rigs
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Heat Exchanger tubes for refinery Details
8Catalyst Offloading and Loading in DHDS Plant Details
8Implementation of Geographical Information System Details
8EOI from Safety Service Providers for Solutions to Improvement of Effective Safety culture in ONGC Details
8Carrying out Civil & Structural Works for GTU Project Details
8Supply of Valve Check for VGO-HDT Unit of refinery Details
8Corrigendum: Supply, Installation and Commissioning of Mass Flow Meters for CNG Online Compressors and Booster Compressors Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian refiners tap spot crude market from Middle East and Russia to feed increased capacity Details
8How India has taken advantage of oil crash and cut sweetheart deals with producers Details
8ONGC Videsh to acquire 30% petroleum participating interest in Namibia Details
8Qatar signals LNG price war for market share in Asia Details
8ONGC rescinds pacts with Schlumberger, Halliburton Details
8Gazprom to start gas supplies to China via Siberia in Dec. 2019 Details
8Diesel imports intensify, may be curbed by monsoon Details
8Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari Details
8Dubai to host conference on sustainability, green energy technologies Details
8Low-grade coal nano-particles can power super-capacitors: says study Details
8Global crude oil prices dip on Opec supply rise, but political risk supports Details
8Under pressure, Qatar says will boost gas production by 30 per cent Details
You can also click on Newsclips for more Details
8Procurement of Heat Exchanger tubes for refinery Details
8Catalyst Offloading and Loading in DHDS Plant Details
8Implementation of Geographical Information System Details
8EOI from Safety Service Providers for Solutions to Improvement of Effective Safety culture in ONGC Details
8Carrying out Civil & Structural Works for GTU Project Details
8Supply of Valve Check for VGO-HDT Unit of refinery Details
8Corrigendum: Supply, Installation and Commissioning of Mass Flow Meters for CNG Online Compressors and Booster Compressors Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian refiners tap spot crude market from Middle East and Russia to feed increased capacity Details
8How India has taken advantage of oil crash and cut sweetheart deals with producers Details
8ONGC Videsh to acquire 30% petroleum participating interest in Namibia Details
8Qatar signals LNG price war for market share in Asia Details
8ONGC rescinds pacts with Schlumberger, Halliburton Details
8Gazprom to start gas supplies to China via Siberia in Dec. 2019 Details
8Diesel imports intensify, may be curbed by monsoon Details
8Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari Details
8Dubai to host conference on sustainability, green energy technologies Details
8Low-grade coal nano-particles can power super-capacitors: says study Details
8Global crude oil prices dip on Opec supply rise, but political risk supports Details
8Under pressure, Qatar says will boost gas production by 30 per cent Details
You can also click on Newsclips for more Details
The next big crisis that gas suppliers will face can emanate from the fertilizer industry.
8Policy makers will face a classical battle when new urea capacities -- from a series of new Rs 6000 crore ammonia-urea plants -- come into existence.
8They will have to decide between either highly subsidizing these high cost urea units to produce domestically or import urea, which the international suppliers' lobby will price significantly below the cost of production in India. This is because global suppliers have access to low cost gas and India has been the world's largest importer of urea.
8Since the government does not want to raise the price of urea, if the new capacity is funded through LNG, the cost differential will balloon and it will have to be borne by the government by way of a significantly higher subsidy bill. The finance ministry will have to fund the subsidy.
8If the international supplier lobby keeps the price of urea at a significantly lower level, which they are quite capable of doing if their fixed costs are covered, policy makers may well decide to keep new fertilizer capacities shut in India, albeit temporarily, if the opportunity cost of imports is lower.
8The other option will be to allocate higher quantity of low cost gas to these urea units to keep them "competitive" at the cost of allocations to other sectors.
Click on Reports for more Details
8Policy makers will face a classical battle when new urea capacities -- from a series of new Rs 6000 crore ammonia-urea plants -- come into existence.
8They will have to decide between either highly subsidizing these high cost urea units to produce domestically or import urea, which the international suppliers' lobby will price significantly below the cost of production in India. This is because global suppliers have access to low cost gas and India has been the world's largest importer of urea.
8Since the government does not want to raise the price of urea, if the new capacity is funded through LNG, the cost differential will balloon and it will have to be borne by the government by way of a significantly higher subsidy bill. The finance ministry will have to fund the subsidy.
8If the international supplier lobby keeps the price of urea at a significantly lower level, which they are quite capable of doing if their fixed costs are covered, policy makers may well decide to keep new fertilizer capacities shut in India, albeit temporarily, if the opportunity cost of imports is lower.
8The other option will be to allocate higher quantity of low cost gas to these urea units to keep them "competitive" at the cost of allocations to other sectors.
Click on Reports for more Details
The next big crisis that gas suppliers will face can emanate from the fertilizer industry.
8Policy makers will face a classical battle when new urea capacities -- from a series of new Rs 6000 crore ammonia-urea plants -- come into existence.
8They will have to decide between either highly subsidizing these high cost urea units to produce domestically or import urea, which the international suppliers' lobby will price significantly below the cost of production in India. This is because global suppliers have access to low cost gas and India has been the world's largest importer of urea.
8Since the government does not want to raise the price of urea, if the new capacity is funded through LNG, the cost differential will balloon and it will have to be borne by the government by way of a significantly higher subsidy bill. The finance ministry will have to fund the subsidy.
8If the international supplier lobby keeps the price of urea at a significantly lower level, which they are quite capable of doing if their fixed costs are covered, policy makers may well decide to keep new fertilizer capacities shut in India, albeit temporarily, if the opportunity cost of imports is lower.
8The other option will be to allocate higher quantity of low cost gas to these urea units to keep them "competitive" at the cost of allocations to other sectors.
Click on Reports for more Details
8Policy makers will face a classical battle when new urea capacities -- from a series of new Rs 6000 crore ammonia-urea plants -- come into existence.
8They will have to decide between either highly subsidizing these high cost urea units to produce domestically or import urea, which the international suppliers' lobby will price significantly below the cost of production in India. This is because global suppliers have access to low cost gas and India has been the world's largest importer of urea.
8Since the government does not want to raise the price of urea, if the new capacity is funded through LNG, the cost differential will balloon and it will have to be borne by the government by way of a significantly higher subsidy bill. The finance ministry will have to fund the subsidy.
8If the international supplier lobby keeps the price of urea at a significantly lower level, which they are quite capable of doing if their fixed costs are covered, policy makers may well decide to keep new fertilizer capacities shut in India, albeit temporarily, if the opportunity cost of imports is lower.
8The other option will be to allocate higher quantity of low cost gas to these urea units to keep them "competitive" at the cost of allocations to other sectors.
Click on Reports for more Details
Even as we ponder the long term future of city gas distribution companies, in the immediate perspective, the outlook for Indraprastra Gas Ltd -- continues to remain bright.
8Aggressive plans of DIMTS (Delhi Integrated Multi-Modal Transit) to add buses and the Delhi government’s move to introduce new blue-line buses (last mile connectivity for Delhi
Metro) will aid CNG volume growth.
8The CNG business, which contributed 75% to the company's sales volumes in FY17, involves distribution of CNG to automobiles through gas stations. Through its PNG business, the company supplies natural gas to homes and commercial and industrial establishments.
8Acquisition of 50% stake in Maharashtra Natural Gas (MNGL) will grant IGL entry into Pune which has a good growth potential.
8The gradual commissioning of Rewari (5-6 CNG stations; 1,000 residential PNG by end FY18) will drive volumes in 5 years (0.5mmscmd potential)
8The fact that the company has a monopoly gives it strong pricing power capability.
8However the key risk as of now is a cut back in domestic city gas allocation or allocation of the more expensive domestic gas can massively impact profitability.
8As new government sponsored fertilizer plants come into play in two-to-three years from now, they will require allocation from what will be a declining pool of cheap domestic gas to stay competitive with falling urea prices.
8This is when the crunch might come to CGD companies when the government will have to decide on whether to allocate cheaper gas to fertilizer companies or to CGD outfits.
8It will be a tough call to make
Click on Reports for for a detailed analysis as well as an interview with the IGL CEO Details
8Aggressive plans of DIMTS (Delhi Integrated Multi-Modal Transit) to add buses and the Delhi government’s move to introduce new blue-line buses (last mile connectivity for Delhi
Metro) will aid CNG volume growth.
8The CNG business, which contributed 75% to the company's sales volumes in FY17, involves distribution of CNG to automobiles through gas stations. Through its PNG business, the company supplies natural gas to homes and commercial and industrial establishments.
8Acquisition of 50% stake in Maharashtra Natural Gas (MNGL) will grant IGL entry into Pune which has a good growth potential.
8The gradual commissioning of Rewari (5-6 CNG stations; 1,000 residential PNG by end FY18) will drive volumes in 5 years (0.5mmscmd potential)
8The fact that the company has a monopoly gives it strong pricing power capability.
8However the key risk as of now is a cut back in domestic city gas allocation or allocation of the more expensive domestic gas can massively impact profitability.
8As new government sponsored fertilizer plants come into play in two-to-three years from now, they will require allocation from what will be a declining pool of cheap domestic gas to stay competitive with falling urea prices.
8This is when the crunch might come to CGD companies when the government will have to decide on whether to allocate cheaper gas to fertilizer companies or to CGD outfits.
8It will be a tough call to make
Click on Reports for for a detailed analysis as well as an interview with the IGL CEO Details
Hydrogen driven trucks are also a realistic possibility.
8Trucks using fuel cells and hydrogen are essentially electric vehicles using hydrogen stored in a pressurized tank and equipped with a fuel cell for on-board power generation. Fuel cell vehicle (FCV) power trains are also hybrids, as braking energy is recuperated and stored in a battery.
8The battery also reduces peak demand from the fuel cell during acceleration and enables optimisation of operational efficiency.
8FCV power trains benefit from technological advancement in both fuel cell and battery storage technologies.
8Compared with batteries, hydrogen at 70 megapascals (MPa) has much higher energy density: about six times higher per unit of volume and about 300 times higher by unit of weight.
8Hydrogen-powered trucks can benefit from the higher energy density of hydrogen storage tanks, making their cost somewhat insensitive to weight and range.
8Already some companies are competing to come out with hydrogen driven options
Recent pilot and demonstration projects have also targeted medium and heavy duty vehicles:
-- Demonstration projects have begun to test the use of hydrogen in trucks in California
-- Scania publicised its intention to start testing trucks with electric powertrains powered by fuel cells and hydrogen
-- UPS launched the world’s first fuel cell electric delivery truck in 2017
-- Nikola announced in 2016 the intention to manufacture a semi-trailer using hydrogen fuel cells to supply lithium ion batteries driving electric motors
-- Toyota revealed recently that it is developing a proof-of-concept for a heavy-duty truck based on a hydrogen fuel cell system for use at the Port of Los Angeles
Click on Reports for more Details
8Trucks using fuel cells and hydrogen are essentially electric vehicles using hydrogen stored in a pressurized tank and equipped with a fuel cell for on-board power generation. Fuel cell vehicle (FCV) power trains are also hybrids, as braking energy is recuperated and stored in a battery.
8The battery also reduces peak demand from the fuel cell during acceleration and enables optimisation of operational efficiency.
8FCV power trains benefit from technological advancement in both fuel cell and battery storage technologies.
8Compared with batteries, hydrogen at 70 megapascals (MPa) has much higher energy density: about six times higher per unit of volume and about 300 times higher by unit of weight.
8Hydrogen-powered trucks can benefit from the higher energy density of hydrogen storage tanks, making their cost somewhat insensitive to weight and range.
8Already some companies are competing to come out with hydrogen driven options
Recent pilot and demonstration projects have also targeted medium and heavy duty vehicles:
-- Demonstration projects have begun to test the use of hydrogen in trucks in California
-- Scania publicised its intention to start testing trucks with electric powertrains powered by fuel cells and hydrogen
-- UPS launched the world’s first fuel cell electric delivery truck in 2017
-- Nikola announced in 2016 the intention to manufacture a semi-trailer using hydrogen fuel cells to supply lithium ion batteries driving electric motors
-- Toyota revealed recently that it is developing a proof-of-concept for a heavy-duty truck based on a hydrogen fuel cell system for use at the Port of Los Angeles
Click on Reports for more Details
It is quite likely now that India may have to jump from the use of diesel straight to the ensuing revolution in electric, biofuel and hydrogen transmission systems for heavy vehicles.
8This will be much like how India skipped the fixed line telephone revolution to go straight to using mobile telephones.
8However, unlike with electric cars, the arrival of a pure or a hybrid electric or hydrogen truck is going to take time.
8The efficiencies of electric vehicles are well established: when driving on an uncongested highway, a modern truck can achieve efficiencies from the engine to the wheel of no higher than 30%, while electric trucks can reach power train-to-wheel efficiencies of as high as 85% or more.
8Futuristic electric road systems (ERS) are being planned which will rely on vehicles that can receive electricity from power transfer installations along the road upon which the vehicles are driving. Furthermore, the vehicles using ERS can be hybrid, battery-electric, or hydrogen fuel cell vehicles they will have the ability to conduct normal driving operations, such as overtaking and driving autonomously outside of the electrical roads.
8Currently, battery and plug-in/catenary electric trucks are in the pilot stage (for heavy-duty rigid trucks and tractor-trailers) or the early deployment stage (for medium-duty trucks in urban
operations). California remains a leader in advancing the deployment phase of these medium- and heavy-duty trucks.
8Costs of these vehicles and the required infrastructure are projected to come down as sales of electric buses and trucks increase.
8The big advantage for India could well be the low emission standards it can achieve since the electric infrastructure can be powered with renewable solar or wind energy.
8ERS could penetrate first in short-distance, local freight applications as a means of radically reducing local pollutant emissions, for instance at ports (as in the Los Angeles-Long Beach demo site) and mines.
8With sufficient regulatory and potentially also fiscal support from local, regional or national policy makers, ERS infrastructure could then branch out to medium- and long-distance highways with the highest freight activity.
Click on Reports for more Details
8This will be much like how India skipped the fixed line telephone revolution to go straight to using mobile telephones.
8However, unlike with electric cars, the arrival of a pure or a hybrid electric or hydrogen truck is going to take time.
8The efficiencies of electric vehicles are well established: when driving on an uncongested highway, a modern truck can achieve efficiencies from the engine to the wheel of no higher than 30%, while electric trucks can reach power train-to-wheel efficiencies of as high as 85% or more.
8Futuristic electric road systems (ERS) are being planned which will rely on vehicles that can receive electricity from power transfer installations along the road upon which the vehicles are driving. Furthermore, the vehicles using ERS can be hybrid, battery-electric, or hydrogen fuel cell vehicles they will have the ability to conduct normal driving operations, such as overtaking and driving autonomously outside of the electrical roads.
8Currently, battery and plug-in/catenary electric trucks are in the pilot stage (for heavy-duty rigid trucks and tractor-trailers) or the early deployment stage (for medium-duty trucks in urban
operations). California remains a leader in advancing the deployment phase of these medium- and heavy-duty trucks.
8Costs of these vehicles and the required infrastructure are projected to come down as sales of electric buses and trucks increase.
8The big advantage for India could well be the low emission standards it can achieve since the electric infrastructure can be powered with renewable solar or wind energy.
8ERS could penetrate first in short-distance, local freight applications as a means of radically reducing local pollutant emissions, for instance at ports (as in the Los Angeles-Long Beach demo site) and mines.
8With sufficient regulatory and potentially also fiscal support from local, regional or national policy makers, ERS infrastructure could then branch out to medium- and long-distance highways with the highest freight activity.
Click on Reports for more Details
A switch to CNG or LNG in heavy medium and heavy duty trucks will not lead to an abatement in CO2 emissions in relation to the use of diesel when a well-to-wheel framework is taken into consideration, a new study has shown.
8The thinking among gas suppliers in India so far is that LNG can be a suitable option for larger vehicles with a high annual mileage (typically 100 000 km or more) such as in regional and long-haul operations whereas smaller trucks with lower lower annual mileage can be viable while using CNG.
8Even dual fitting options where medium heavy-duty compression ignition engines can be designed to run on a blend of diesel fuel and methane, where methane is typically mixed with small volumes of diesel to provoke ignition was meant to be an option.
8But In India however, the cost of switching to LNG or CNG is likely to be expensive -- as the higher cost is primarily due to storage tanks -- and without an adequate infrastructure in place, doubly so
8Then again, despite the lower carbon content of natural gas compared to diesel, switching to natural gas trucks results in only minor or no reductions in well-to-wheel (WTW) GHG emissions once issues related to methane are considered.
8On the vehicle side, the lower efficiency of most heavy-duty engines running on natural gas relative to diesel, as well as issues with methane slip, counterbalance the potential benefits of the lower carbon intensity of natural gas.
8What is more, while CNG is competitive when compared to diesel on account of lower cost of domestic gas, the cost economics can turn unfavourable when imported LNG is taken into consideration.
8Given these dynamics, it is unlikely that LNG or CNG powered heavily vehicle use will ever take off in India anytime soon.
Click on Reports for more Details
8The thinking among gas suppliers in India so far is that LNG can be a suitable option for larger vehicles with a high annual mileage (typically 100 000 km or more) such as in regional and long-haul operations whereas smaller trucks with lower lower annual mileage can be viable while using CNG.
8Even dual fitting options where medium heavy-duty compression ignition engines can be designed to run on a blend of diesel fuel and methane, where methane is typically mixed with small volumes of diesel to provoke ignition was meant to be an option.
8But In India however, the cost of switching to LNG or CNG is likely to be expensive -- as the higher cost is primarily due to storage tanks -- and without an adequate infrastructure in place, doubly so
8Then again, despite the lower carbon content of natural gas compared to diesel, switching to natural gas trucks results in only minor or no reductions in well-to-wheel (WTW) GHG emissions once issues related to methane are considered.
8On the vehicle side, the lower efficiency of most heavy-duty engines running on natural gas relative to diesel, as well as issues with methane slip, counterbalance the potential benefits of the lower carbon intensity of natural gas.
8What is more, while CNG is competitive when compared to diesel on account of lower cost of domestic gas, the cost economics can turn unfavourable when imported LNG is taken into consideration.
8Given these dynamics, it is unlikely that LNG or CNG powered heavily vehicle use will ever take off in India anytime soon.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Supply of District Regulatory Skid and Metering Regulatory Skid under ARC Details
8Consultancy for optimisation of GPU and Integrated Pipeline Operations Details
8Carrying out Cathodic Protection Works of LPG Pipelines Details
8Supply of CNG Reciprocating Compressors under ARC for 2 years Details
8Supply of required Spares and establishing integration between LPG Storage Vessel and SAP Details
8Procurement of 30/50 Mesh ISP for Hydraulic Fracturing Jobs Details
8Hiring of agency for carrying out EIA Studies for various Onshore Blocks Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Numaligarh Refinery to promote start-ups in Northeast India Details
8Congress wants GST on LPG gas cylinder rolled back Details
8Cairn India expects fair price realisation of crude Details
8$13 billion Rosneft-Essar deal gets crucial LIC nod Details
8Indian oil refiners tap spot crude market to feed increased capacity Details
8Crude oil prices dip ahead of U.S. holiday after eight days of gains Details
8Spain's power and gas firm Gas Natural targets $40 billion EDP merger -sources Details
8Trump to promote U.S. natural gas exports in Russia's backyard Details
8Subsidised LPG rate hiked by up to Rs 32 per cylinder post GST Details
You can also click on Newsclips for more Details
8Supply of District Regulatory Skid and Metering Regulatory Skid under ARC Details
8Consultancy for optimisation of GPU and Integrated Pipeline Operations Details
8Carrying out Cathodic Protection Works of LPG Pipelines Details
8Supply of CNG Reciprocating Compressors under ARC for 2 years Details
8Supply of required Spares and establishing integration between LPG Storage Vessel and SAP Details
8Procurement of 30/50 Mesh ISP for Hydraulic Fracturing Jobs Details
8Hiring of agency for carrying out EIA Studies for various Onshore Blocks Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Numaligarh Refinery to promote start-ups in Northeast India Details
8Congress wants GST on LPG gas cylinder rolled back Details
8Cairn India expects fair price realisation of crude Details
8$13 billion Rosneft-Essar deal gets crucial LIC nod Details
8Indian oil refiners tap spot crude market to feed increased capacity Details
8Crude oil prices dip ahead of U.S. holiday after eight days of gains Details
8Spain's power and gas firm Gas Natural targets $40 billion EDP merger -sources Details
8Trump to promote U.S. natural gas exports in Russia's backyard Details
8Subsidised LPG rate hiked by up to Rs 32 per cylinder post GST Details
You can also click on Newsclips for more Details
The Brent forward curve shows a price increase to around $ 56 by the year 2023
8Then again, oil demand is now growing but at a slower pace
8All hope for new demand fructifying is from emerging countries
8Even so, there the website carries here an optimistic projection of how prices will harden by around 2020 beyond what the forward curve seems to suggest
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8Then again, oil demand is now growing but at a slower pace
8All hope for new demand fructifying is from emerging countries
8Even so, there the website carries here an optimistic projection of how prices will harden by around 2020 beyond what the forward curve seems to suggest
Click on Reports for more Details
India's gas consumption has gone up at snail's pace in the last two months. And that seems to be a cause for worry.
8In comparison to May 2016, consumption is down 1.20% though for the April-May period, it is up marginally 0.5%
8Then again, LNG imports are down 10% in May in relation to the same month last year while for April-May 2017, it is down 3.85%
8What is the cause for this?
8Gas consumption and LNG imports were meant to go up robustly according to projections.
8While LNG imports may be lower because of higher domestic output, what explains the slump in demand?
8Will this slow pace of growth pick up speed soon, particularly on the consumption side?
Click on Reports for more Details
8In comparison to May 2016, consumption is down 1.20% though for the April-May period, it is up marginally 0.5%
8Then again, LNG imports are down 10% in May in relation to the same month last year while for April-May 2017, it is down 3.85%
8What is the cause for this?
8Gas consumption and LNG imports were meant to go up robustly according to projections.
8While LNG imports may be lower because of higher domestic output, what explains the slump in demand?
8Will this slow pace of growth pick up speed soon, particularly on the consumption side?
Click on Reports for more Details
City gas distribution companies are enjoying a good run given their monopoly over their geographical areas
8While they may sit on their monopolies and not do much, the going will remain good until their exclusive periods come to an end
8An example is Green Gas Ltd, which enjoys PNG and CNG distribution rights in Lucknow for five years and exclusive city gas infrastructure development rights for 25 years in Agra and Lucknow.
8GGL thus has a significant monopoly in the City Gas Distribution (CGD) business in its areas of operation.
8Consequently, the company is unlikely to experience any competitive pressures over the near to medium term even though it has been modest in the development of its infrastructure and it can do much more than what it is doing now.
8Its CNG infrastructure is limited and as for PNG, it has been able to garner only 16,000 PNG customers as of now.
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8While they may sit on their monopolies and not do much, the going will remain good until their exclusive periods come to an end
8An example is Green Gas Ltd, which enjoys PNG and CNG distribution rights in Lucknow for five years and exclusive city gas infrastructure development rights for 25 years in Agra and Lucknow.
8GGL thus has a significant monopoly in the City Gas Distribution (CGD) business in its areas of operation.
8Consequently, the company is unlikely to experience any competitive pressures over the near to medium term even though it has been modest in the development of its infrastructure and it can do much more than what it is doing now.
8Its CNG infrastructure is limited and as for PNG, it has been able to garner only 16,000 PNG customers as of now.
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ONGC is expected to witness gas production growth of 10-15% annually for the next five years, according to one set of projections
8The rise in output is to be led by the Daman, C26, S1, Vashishta and Bassein fields
8The picture will rosier when out from the KG-DWN-98/2 field kicks in.
8Another healthy projection is that oil production is expected to increase from the nominated fields like WO16, Vasai East and Ratna & R-series.
8So, even though prices are low, without having to fork out subsidies on under recoveries, the prospects are bright for the company, the analysis goes.
Click on Reports to find out more on what this analysis has to say Details
8The rise in output is to be led by the Daman, C26, S1, Vashishta and Bassein fields
8The picture will rosier when out from the KG-DWN-98/2 field kicks in.
8Another healthy projection is that oil production is expected to increase from the nominated fields like WO16, Vasai East and Ratna & R-series.
8So, even though prices are low, without having to fork out subsidies on under recoveries, the prospects are bright for the company, the analysis goes.
Click on Reports to find out more on what this analysis has to say Details
The website carries here a presentation that makes out a case for use of gas in heavy motor vehicles in India
8Already gas has widely used in light motor vehicles in India
But this presentation makes a strong case for replacing diesel in
-- Local freight trucks
-- Transit buses
-- School buses
-- Shuttle buses
-- Refuse trucks
-- Non-road high horse power applications
8Nox emissions are compared across different fuel types
8Quantum of reduction in greenhouse emissions
8Comparison of costs, including with vehicles with electric transmission systems
Click on Reports for more Details
8Already gas has widely used in light motor vehicles in India
But this presentation makes a strong case for replacing diesel in
-- Local freight trucks
-- Transit buses
-- School buses
-- Shuttle buses
-- Refuse trucks
-- Non-road high horse power applications
8Nox emissions are compared across different fuel types
8Quantum of reduction in greenhouse emissions
8Comparison of costs, including with vehicles with electric transmission systems
Click on Reports for more Details
For reference purposes, the website carries here a full primer on the oil and gas industry in India. And this includes:
8Investment plans by oil marketing companies
8Growth drivers in the industry
8Company-wise strategies
8A Porter's Five Forces Analysis of the sector
8Notable trends in the industry
lick on Reports for more Details
8Investment plans by oil marketing companies
8Growth drivers in the industry
8Company-wise strategies
8A Porter's Five Forces Analysis of the sector
8Notable trends in the industry
lick on Reports for more Details
The website carries here the following reports
8Latest Indian basket of crude prices. Click on Report for more.
8Latest under recovery levels. Click on Report for more.
8A lucid explanation of the factors that are causing the global bear market in crude oil. Click on report for more.
8India's ethanol fuel industry sees marginal impact from the new GST. Click on Report for more.
8Calendar of world energy events, 3rd Quarter 2017. Click on Report for more.
8All eyes on July for U.S. oil demand to drain glut. Click on Report for more.
8Molybdenum Market Factors: How its prices are linked to the global oil market. Click on Report for more.
8An in-depth highlight of the Puthuvypeen LPG terminal. Click on Report for more.
8A 360 degree analysis of the Indian economy and stocks
Click on Reports for more Details
8Latest Indian basket of crude prices. Click on Report for more.
8Latest under recovery levels. Click on Report for more.
8A lucid explanation of the factors that are causing the global bear market in crude oil. Click on report for more.
8India's ethanol fuel industry sees marginal impact from the new GST. Click on Report for more.
8Calendar of world energy events, 3rd Quarter 2017. Click on Report for more.
8All eyes on July for U.S. oil demand to drain glut. Click on Report for more.
8Molybdenum Market Factors: How its prices are linked to the global oil market. Click on Report for more.
8An in-depth highlight of the Puthuvypeen LPG terminal. Click on Report for more.
8A 360 degree analysis of the Indian economy and stocks
Click on Reports for more Details
Cost overrun, delays and an inability to obtain land and Right of Way for pipeline networks have put ONGC's CBM development plans in jeopardy.
8A classical case concerns the company's BK-CBM-2001/1 Block, better known as the Bokaro CBM block.
8The cost of the Field Development Plan has gone up by a whopping 40% from what it was last estimated and approved
8The viability of setting up a CBM operations in the face of the kind of gas prices the block can fetched in the region is now in question.
Click on Details for more Details
8A classical case concerns the company's BK-CBM-2001/1 Block, better known as the Bokaro CBM block.
8The cost of the Field Development Plan has gone up by a whopping 40% from what it was last estimated and approved
8The viability of setting up a CBM operations in the face of the kind of gas prices the block can fetched in the region is now in question.
Click on Details for more Details
