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Jul 2016

For reference purposes the website carries here the following tenders:
8Procurement of Ball Valves for Phulpur-Haldia Pipeline Project [GAIL] Details
8Cleaning Pigging of G.Konduru Region-VSPL, Visakhapatnam [GAIL] Details
8Procurement of Hydraulic Relief Valves, Assam [IOC] Details
8Risk analysis of Beawar-Panipat section of Mundra Panipat Crude Oil Pipeline, Panipat Refinery [IOC] Details
8Consultancy Services for Re-certification of offshore structures for KG-OSN-2001/3 Block [GSPC] Details
8Civil works for Work Over Operations in Island area, Rajahmundry Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOCL bets on petrochemical, gas marketing portfolios for growth Details
8Petronet LNG calls for a Consortium of Oil Companies to acquire & build acreages abroad including India, says its MD & CEO Details 
8Indian partners offer Petrobras $10B loan to develop oil: Report Details 
8ASM against auction of oil fields Details
8Oil prices up on lower US stockpiles Details
8Cyprus sees new offshore gas exploration push Details
8Higher ethanol mix fuels alarm among gas dealers in Kolkata Details
8Reverse e-auction for power projects in the pipeline Details
8The Reliance Industries LPG test: Will govt fail again? Details
8Assam government mulls direct transfer of subsidies Details
8Growth concerns stay, India to grow slower at 7.4% in FY17: HSBC Details
8Govt mulls fresh mining lease license to OIL Details
8Recovery in sales to continue for India Inc in Q1 Details
8Gujarat Gas gets nod for network Details
8H-Energy to lay Maharashtra-Mangalore gas pipeline Details
You can also click on Newsclips for more Details
Ahmedabad based IRM Energy Pvt Ltd has accepted the terms and conditions laid down by the PNGRB for a CGD network in Fatehgarh Sahib District in Punjab.
8The network will cover an area of 1146 sq km
8The company will begin work on site within 180 days of the authorization date, which is July 17, 2016.
Click on Reports for more Details
This website is a strong advocate of weaning the Indian oil and gas sector away from the monopoly grip of general management consultancy firms such as PriceWaterhouseCoopers, Deloitte and Ernst & Young.
8These firms have gamed the L-1 system in India to win most consultancy contracts by quoting low prices.
8The consequence is that the sector is deprived of the insights that core oil and gas sector consultancies such as IHS, McDermott-GE, Accenture-Schlumberger and Wood Mckenzie can bring to the table.
8These general management consultancies are only loosely affiliated to their global networks. They work as local research firms with underpaid management graduates. The knowledge base is shallow though in one sense, the shallowness also arises from the manner in which the L-1 system is structured in public sector oil companies. 
8The qualification criteria have been so structured that only they can qualify. It then boils down to who can quote the lowest rate.
8Some of the L-1 prices are so low that it is impossible to turn out quality work.
8Some of these consultancies have also been accused of pilfering data. ISH had recently stopped subscription to one of  the management consultancies as a consequence. Commercial use of data is prohibited in most subscription agreements.
8A perusal of some of the reports made by these consultancies shows a shocking hollowness of approach. The consequent recommendations emanating out of them are therefore widely off the mark. 
8Several oil companies have taken action based on reports made by these consultancies but most such initiatives have run into trouble or have never taken off because the underlying logic eventually did not synchronize with ground realities. While the recommendations come cheap, the cost of pursuing a wrong set of advisories turned out to be far higher.
8The time has come to stop this practice and bring in the right consultancies to do the job. 
8The selection criteria for consultants will have to be fine tuned to keep out the boys and bring in the men.  Details
The problem with the tendering process in India is that it is far too complicated for anyone to understand it properly.
8There is so much ambiguity, that eventually all bidders are at the mercy of the interpreter of the tender conditions.
8It is vulnerable to gaming.
8Take for example the dual set of preconditions set by the DGH for selection of a consultant to help the regulator put together a fresh set of documentation for the new exploration licensing system.
8The DGH has set two qualification categories. The first one asks for the bidder to have relevant experience in designing regulatory regimes in India or abroad with a  contract value of not less than Rs 30 lakh in the last five years. This will carry a total of 20 marks.
8Then comes a second criterion: the bidder should have recent experience in "similar project" in the E&P sector. Wasn't it already covered under the first category?
8The second qualification criterion has two sub-categorizations that are even more baffling: A bidder should have done projects of "similar nature" with a value of Rs 30 to Rs 50 lakh in the oil and gas sector in India and, at the same time, it should have undertaken projects of a value greater than Rs 60 crore in the oil and gas sector in India in the last three years.
8Then again, another 30 marks will be set aside for those bidders who have an understanding of the sector, scope, work plan and deployment schedule of the new set of exploration policies. Additiional 15 marks have been set aside to be earmarked for the quality of manpower involved in each bid.
8Anyone reading the qualification criteria will know that the system is rigged.
8And at the end, a select bunch of undeserving consultants will retain their stranglehold.
8All in all, it is fascinating to watch how the simple job of hiring a best-in-class consultant for the job has been made so complicated.
8The result will be that the big guys in the business will stay out and the one which qualifies under the lowest common denominator will grab the job.
8Only an optimist will expect such a consultant to deliver a flawless document that will define India's new exploration drive Details
Intense competition in the new build market seems to have spilled over to the ship repair market.
8Repair facilities are now offering sophisticated solution while trying to limit dry dock timing.
8Deviation costs are kept to the minimum while efficiency and effectiveness of repair jobs are sought to be raised.
8The Chinese and Singaporean yards remain the top choice for ship owners
8But competition is coming in from unlikely shipyards stationed inTurkey and Brazil
8Even as competition intensifies in the repair market, the new build market continues to remain depressed.
8The fact that new deals are kept under wraps is an indication that huge discounts are being offered by shipyards to attract business
Click on Reports to know more Details
Strident local opposition has stymied the laying of the 200 km Kochi-Palakkad LPG pipeline owned by Kochi Salem Pipeline Pvt Ltd, a JV between BPCL and IOCL.
8The 12-inch pipeline is sought to be laid from BPCL's Kochi refinery to the Kerala-Tamilnadu border.
8Frantic efforts are now on to re-route the pipeline
Click on Reports for more Details
The DGH is till to trying to iron out the creases in the new Open Acreage Licensing Policy (OALP) for India.
8There is still no clarity on the split of activities, from the time of receipt of EOIs to invitation of competing bids to their evaluation, eventually leading up to award of blocks
8This is a complex process: a proposal can be received suo moto based on sedimentary data available in the National Data Repository. Processing such a proposal will need a certain level of expertise.
8What happens if contending proposals come in for the same acreage or overlapping acreages?
8Different OALP models will have to be stress tested to figure out which one suits India best.
8A draft document will have to be drawn up first and then uploaded to the DGH website.
8Public comments will have to sought and subsequent modifications carried out before OALP becomes an actionable policy instrument.
Click on Reports for more Details
The Draft Model Revenue Sharing Contract (MRSC) will also have to dovetail wth OALP and the newly announced Hydrocarbon Exploration Licensing Policy (HELP).
8DGH's inhouse MRSC will have to be reviewed, including its legal, contractual and financial aspects.
8Best international practices will have to be fully incorporated.
8A risk analysis has to be done as well.
8Had a similar exercise been done with adequate diligence earlier, the NELP rounds would not have been mired in controversy and litigation as they were subsequently. Clearly, the terms of engagement were not spelt out with enough clarity under the provisions of the Production Sharing Contact.
8Similar mistakes cannot be allowed to be repeated again. All ambiguity must be cleared before an NIO is brought out.
8There is much work still left to be done by the DGH before the new exploration format is in place. Details
For reference purposes the website carries here the following tenders:
8Consultancy Services for protection of Shoreline from soil erosion, Andhra Pradesh [ONGC] Details
8Obtaining Obstacle Crossing Permission on Pan-India Basis En-Route upcoming Pipeline Projects [GAIL] Details
8Supply of RGC Compressor Spares, Barauni Oil Refinery [IOC] Details
8Procurement of Anti-Block Silica Master Batch, Pata [GAIL] Details
8Support Services for Inline Inspection of the NCR Pipeline Network [GAIL] Details
8Providing Techno-Commercial Consultancy Services for LNG Shipping [IOC] Details
8Procurement of Displacer Level Transmitters, Digboi Refinery [IOC] Details
8Procurement of Remote Gas Leak Detectors [GAIL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8LNG trade moves towards Middle East Details
8OIL-IOC deal spoils OVL's Vankor deal negotiations Details 
8Petronet LNG plans Rs 5,000 crore terminal in Bangladesh Details 
8Italy's Eni says drilling off Cyprus to start next year Details
8Chevron, Exxon and others to spend $36.8B in Kazakhstan Details
8Essar Ports to remodel business, invest Rs3,000 crore in LNG terminal Details
8Oil up 2 percent after two-day drop; caution still on gasoline, Brexit Details
8India's Petronet emerging as gas bridge for South Asia Details
8India demonstrates insatiable thirst for LNG Details
8FIIs will pump $25-35 billion into India every year: Edelweiss CEO Details
8Oil prices rise ahead of US inventory report Details
8Qatar's LNG Exports to India, Pakistan jump close to 50% in H1 Details
8In his maiden Africa visit, Modi will focus on long-term energy agreements Details
You can also click on Newsclips for more Details
There is now increasing consensus that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will not be completed within the ten year forecast period. The following are the reasons why there is now increasing cynicism:
8There is no credible backer for the pipeline so far.
8The routing of the pipeline remains challenging as it has to pass through terrorist infested areas in Afghanistan and Pakistan.
8Target sales countries have more attractive gas import options.
8The low cost of LNG is not helping either.
8The lack of an alternative option will make Turkmenistan's vast gas reserves vulnerable to Chinese pressure as it will be a monopoly buyer of gas.
Click on Reports for more Details
An analysis shows that CNG continues to remain a cheaper option than liquid fuels.
The website carries here a set of data that provides a Rs/km cost of using CNG in comparison to liquid fuels for:
-- Cars
-- Three wheelers, and
-- Buses
8Currently, piped natural gas is also cheaper by 10% compared to subsidised LPG, while pits is 27% more economical to unsubsidised ones.
Click on Reports for more Details
You don't need to have deep pockets to think up a big idea in the oil and gas industry anymore.
8This has been proved by a bunch of US-based Indian professionals who have used ingenuity and contacts to put together a proposal for a Rs 870 crore 3.5 MMTPA Floating Storage Regasification Unit (FRSU) off the coast of Kakinada.
8The terminal is being set up by the US based Vessel Gasification Solution Group (VGS Group) whose board of directors is made up of  five Indians. There  is Siva Cormalutla, Founder, Chairman and MD all put together of the company, who worked as an engineer with Fortune 500 companies, and then there is Garav Tiwari, founder and president, an MBA from France and an expert in LNG design.
8Also in the group is Rabi Bastia, an IIT alumnus, and President of Mumbai-based Oilmax Energy Pvt Ltd. He was earlier with RIL and he credits himself with providing leadership for the D-6 discovery, which were the world's largest in 2002.
8Another director is Krishnakumar Subramanian, a software entrepreneur, and the local contact of the company.
8This band of men have put together a simple concept: They are going to convert a existing LNG carrier into an LNG Floating Storage Unit, bring in a new Chinese made Floating Storage Regasification Unit (FRSU), both of which will be anchored about 20 kms off the Kakinanda port.
8The company will build a sub-sea pipeline with an onland metering system that will pump the RLNG directly into RIL's under-used trunk pipeline at Kakinada. It will also push its gas to GAIL's KG Basin network.
8The sunk cost is really the sub-sea pipeline, the metering station and an unloading platform between the FSU and the LNG carrier and another platform for mooring of tugs and service vessels and an onland pipeline to connect to networks of RIL and GAIL.
8If for some reason, the project does not work out, all that the entrepreneurs need to do is to pack up and take the FSRU and the FSU somewhere else, perhaps next door to Bangladesh or Sri Lanka or even Pakistan, where demand for LNG is likely to pick up.
Click on Reports for more Details
China continues to be way ahead of India in renewal energy investment and capacity addition.
8China was ranked first and Indian fifth, after US, Japan and UK, in renewable power and fuel investment in 2015.
8India ranked fourth after China, Brazil and Turkey in hydropower capacity investment during the year
8China was Number 1 again in solar capacity investment while India was in the 4th position
8In wind power capacity addition too, China stole a march on India which came fifth
8In bio diesel production, Brazil was at Number 1 while India was not in the top 5
8Despite India's big ethanol production volumes, it did not figure in the top countries in ethanol production in 2015.
Click on Reports for more Details
RIL has been granted the green signal for a Rs 800 crore exploratory and appraisal  drilling programme in the deepwater NELP-III block CY-DWN-2001/2.
8The water depth in the block varies between 400-3500 metres.
8The block covers an area of around 10,655 sq km.
8RIL was earlier accorded permission to drill 11 exploratory wells, of which 9 wells were drilled and hydrocarbon discoveries were found in three wells.
8The current drilling programme is a follow through of the earlier drilling programme.
8RIL proposes to use the existing shore base at Kakinada to mount the operation.
Click on Reports for more. Details
Among regasification technologies, the promoters looked at the following:
8Intermediate Fluid Vaporizers
8Ambient Air Vaporizers
8Open Rack Vaporizers
8Shell and Tube vaporizers
8Submerged Combustion Vaporizers.
Find out more about why Intermediate Fluid Vaporizer Regasification technology was the preferred option
Click on Reports for more Details
When the first bunch of entrepreneurs do the hard work, it becomes easier for the rest to follow through.
These companies thinking of setting up FSRUs on similar lines can find answers to the following questions:
8What will be the size of the LNG carrier that will be converted into a FSU
8What kind of insulation material and membrane will be used for the FSU
8Why is the sub-sea pipeline put inside a trench at the sea bed
8What are the technology configurations for the FSRU
8How well is the BOG generation handled
8What kind of vessel configurations will the LNG carriers, FSU and FSRU have
8What are the design details of the FSRU
8What kind of mooring dolphins will the project have
8What are the various terminal alternatives that the promoters looked at before settling on the final configuration
8What other locations were considered and rejected by the promoters.
Click on Reports for more Details
There are business development opportunities in the project for local service and equipment suppliers.
Contracts have not yet been awarded for:
8Pig Receiver
8Metering Skid
8Buildings (security, control room, maintenance room, UPS room)
8Fire protection system
8Line pipes
8Dredging and diving equipment
8Pipeline for connectivity to existing gas distribution grid
8Support vessels
8Jetty
Click on Reports for more Details
The upfront investment has not been high so far. Only studies have been conducted and licenses obtained.
8Having put the project into final shape, the promoters are likely to make a lot of money.
8The FSRU has a life span of 20 years and it is built in a way that it does not require any repairs at all.
8It is pure annuity income from here onwards.
8If the gas is not brought in by the owners, the capacity can be leased out.
8Already, existing regasification terminals are running at full capacity. And given the ready connectivity to RIL and GAIL trunk networks, the terminal is not going to have a problem at all in getting its LNG supplies in.
8It is a win-win situation for the gang of entrepreneurs.
8All they have to do is cash in on the hard work and ingenuity that they have exuded in putting together the project.
Click on Reports for more Details
Given that the concept is simple, the risks are low and so is the cost, finding investors shouldn't be a problem at all.
8The first 3.6 MMTPA is going to cost Rs 870 crore and the second 3.6 MMTPA phase only half that money.
8The clearances have all come in. The local tie-ups are in place. 
8The consent for construction has been obtained.
8Work is meant to start from October, 2016 in the trenching of the sub-sea pipeline.
8The promoters claims that COD will be June, 2017.
8Having done all the footwork, finding an investor is not going to be a tough job at all.
8LNG tie-ups have also been talked through. And all eggs are being put in one basket. LNG  will be sourced from at least "two or three" different terminals.
8The project makes a lot of sense.
8The power sector is where the promoters are planning to sell gas. "Andhra Pradesh imports 6000 MW of power at high cost from other states. The cost of power with our gas comes to around Rs 5.90/kwh, far cheaper than imported power. Given low LNG prices, the cost of power can come down even further," a project representative said.
8If there is no demand from power plants, no problems at all. The gas will be pumped into the trunk network for sale to the industrial sector, city gas entities and fertilizer units across the country.
Click on Reports for more Details
Professional entrepreneurs have good ideas but not enough money. But between them, this group of professionals has put together a lot of work already.
8The smartest thing they did was not to get involved in putting together a gas evacuation system as most other LNG gasification units are trying to do.
8The gas out of their LNG terminals will be pumped into RIL's pipeline network starting from Kakinada, which is running at a low capacity as it was meant to ferry 80 mmsmd of gas but is now carrying only about 12 mmscmd of gas produced in the D-6 block. GAIL's KG Basin network will also be tapped to cater to local demand from power companies and fertilizer plants in the area.
Right now no orders have been placed -- as that will need funds -- and only studies and surveys have been done. Among the studies done are:
8Engineering design and validation: MEI, USA
8Designing, and building a new build barge mounted FSRU: Wison offshore & Marine USA
8HAZID and HAZOP analysis and engineering reviews: Fichtner MEI, Germany
8Design study, pre-FEED study, budget study of offshore jetty and mooring systems, subsea pipeline, shore facilities, land-based pipeline: Moffat & Nichol, USA
8Offshore jetty mooring system: Trelleborg, USA
8O&M of the LNG regasification terminal: Exmar, Belgium
8Power engineering services: Hamworthy (A Wartsilla Company), USA
8Bathymetry survey: Cormaccce, India
8Geotechnical survey: Cormacce, India
8HT/LTL, CRZ demarcation: Institute of Remote Sensing
8Mathematical model studies of intake/outfall etc: LE& RAMBOLL
8The sub-sea pipeline contact will be implemented by a Malaysian company.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Maintenance of vessels, columns, tanks, Heat Exchangers & filters in Uran plant [ONGC] Details
8Phased Array Ultrasonic Testing (PAUT) of High Pressure Flanges in Hydrocracker Unit [MRPL] Details
8Replacement of Damaged Underground CBD Pipelines, Haldia Refinery [IOC] Details
8Supply & Commissioning of Horizontal Anode Bed, West Bengal [OIL] Details
8Supply of Boiler Tubes [OIL] Details
8Installation & Commissioning of Existing TFMS System of LPG, Gujarat Refinery [IOC] Details
8Supply of EO Gas Detectors, Panipat Refinery [IOC] Details
8Mobile Land Work-Over Rig on Call-out basis for work over operations in Wells, Gujarat [GSPC] Details
8Hiring of ROV & Diving services for inspection of Subsea Structures & Pipelines at KG-OSN-2001/3 Block [GSPC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Reliance gets approval to drill 8 Exploration Wells in Tamil Nadu Details
8Essar Projects wins Rs 85-crore order from Indian Oil Details 
8Oil prices dip on economic concerns, demand worries Details 
8Reliance Industries' annual general meeting before September Details
8Kerosene price hike may boost EPS of companies like ONGC, OIL Details
8Is America's thirst for Oil just an illusion? Details
8Iranian officials revive host of oil deals disliked by majors Details
8China's CNOOC completes $2 bln upgrade at coastal refinery Details
8Shell delays North Sea Brent platform decommissioning to 2017 Details
8S.Korea targets $37 bln in renewable energy investment by 2020 Details
8Norway says could achieve full carbon capture and storage by 2022 Details
8Draft policies on coal-based urea, ethanol in 3 weeks: Nitin Gadkari Details
8Oil down 5%; biggest drop since Feb on Brexit, supply builds Details
8LPG costlier by Rs 14 in Assam after subsidy withdrawal Details
8Petrobras plans to sell nine shallow-water Oil fields Details
8Lacklustre global demand may impact India’s growth: Moody’s Details
848 acres allotted for LNG terminal Details
8Indian Oil, Oil India, BPCL unit to raise $2 billion Details
You can also click on Newsclips for more Details
The take or pay contract model for LNG is under threat
8A cargo-by-cargo contract system within an informal longer term umbrella is likely to evolve quickly as buyers are unwilling to tolerate a differential between contract and spot prices.
8More so as there is likely to be an oversupply of LNG in the global market.
8Then again, $2/mmbtu seems to be the new production benchmark for gas so that LNG supplies can be made at the under $5/mmbtu mark.
Click on Reports for more Details
A fresh analysis of the Indian energy markets shows that its ambitious renewal energy targets may not be achieved.
8It will also be very difficult to wean the country away from its heavy dependency on coal
8Natural gas will play a role but coal will remain the predominant energy source well into the forseeable future
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The gas price ceiling for deepwater gas producers is currently estimated at over $5/mmbtu.
8One set of research shows that as oil prices recover, there will be a significant increase in the ceiling over the coming years.
8Weak spot LNG prices will weigh to the downside.
8But this argument seems to say that with bulk of LNG imported through oil-indexed term contracts, this downside will have a limited impact.
8For global benchmark Brent we forecast a 32.5% increase in price over the next five years, from an annual average of USD53.6/bbl in 2015, to USD71.0/bbl in 2020.
8This analysis clearly makes a business case for investing in deepwater gas discoveries in the KG basin.
8However if India moves from contract pricing to cargo-by-cargo pricing, the benchmark price index may move downwards.
8Nevertheless, the analysis carries here a revised update of gas demand and supply in India assuming a positive domestic supply forecast resulting from the new deepwater gas pricing regime.
Click on Reports for more Details
The market for alternate usage of LNG is growing rapidly. Find out more on:
8The cost-benefit of dual fuel ships
8Viability of small scale LNG terminals
8LNG bunker fuel supply ships
8FPSUs have started adding LNG bunker fuel supply facilities
8Will an LNG bunkering port come up in India?
8New small drop LNG storage facilities for marine, road and industrial demand
Click on Details for more Details
India's massive expansion of refinery capacity is taking place even as business threats continue to rise.
8A rapid expansion of electric and hydrogen powered vehicles is expected before the end of the decade around the world.
8Even in India, this new technology is expected to emerge quickly and grab market share.
8What are the projections for use of electric vehicles by 2020 and 2025?
8How will this impact the demand of diesel and petrol in India?
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Annual Maintenance Contract for maintenance and quarterly calibration of Hydrocarbon Gas Detector, Bongaigaon [IOC] Details
8Rate Contract for carrying out Ultrasonic Thickness Survey of Pipelines [IOC] Details
8Civil & Mechanical works for laying of Interconnecting pipelines [IOC] Details
8Hiring of Services for O&M of WSS Units, Cauvery Asset [ONGC] Details
8Hiring of Logging While Drilling services in Offshore & Onshore areas, Mumbai [ONGC] Details
8Hiring of services for Internal Cleaning of Gas Distribution Pipelines, Assam [OIL] Details
8Supply of Multi Gas Detectors, Gujarat [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8State launch of Pradhan Mantri Ujjwala Yojana (PMUY) at Shahdol, M.P. Details
8Oil climbs as market seen in balance, but slow demand weighs Details 
8H-Energy gets nod to lay Maharashtra-Mangalore gas pipeline Details 
8ONGC receives Bhamashah Award for Smart Classes Details
8Petrobras' Indian partners fight delay in troubled Brazil oil project Details
8DGCX announces listing of Dubai India Crude Oil Quanto futures Details
8IOC lines up Rs 40k cr to take refining capacity beyond 100 mt Details
8Venezuela's 2015 oil revenues plunge 40 percent Details
8Israel-US consortium sinks $265 million in new gas well Details
8Oil extends gains, Saudi minister sees market balance Details
8ONGC shares rise to six-month high Details
8Stir against Assam oilfield auction affects OIL, ONGC operations Details
8FM expects better growth outlook for 'sweet spot' India Details
8IOC refuses stake sale offer in Nagarjuna Oil project Details
You can also click on Newsclips for more Details
Necessity is the mother of invention.
8The lack of adequate offtake from PLL's Kochi terminal is forcing the company to look at LNG usage in the transport sector.
8Using LNG as fuel in trucks and using these trucks to deliver LNG to industries seems to be the plan as the company plans to build up a demand for 1.5 MMTPA of LNG this way in the next three years.
8There is a huge arbitrage opportunity between the price of diesel and gas, says PLL, to make the switch possible
Click on Details for more Details
Massive public sector refinery expansions are going to come up in India within the next five years, making the country one of the most lucrative markets for suppliers of equipment and services
8IOC plans to invest Rs 40,000 crore in raising capacity from 80 to 100 MMTPA
8Expansion plans have been tied up by all major refineries in the country, including refineries in the remote North East of India, such as Digboi and Bongaigoan.
8Ambitious expansion plans have also been drawn up by BPCL and HPCL as well
Click on Details for more Details
The newly expanded Panama Canal will be able to accommodate 90% of the world's current liquefied natural gas (LNG) tankers with LNG-carrying capacity up to 3.9 billion cubic feet (Bcf).
8Prior to the expansion, only 30 of the smallest LNG tankers (6% of the current global fleet) with capacities up to 0.7 Bcf could transit the canal.
8The expansion has significant implications for LNG trade, reducing travel time and transportation costs for LNG  shipments from the U.S. Gulf Coast to key markets in Asia.
8The new locks in the canal provide access to a wider lane for vessels and are 180 feet across, compared with 109 feet in the original locks.
8Will the expansion of the Panama Canal make a difference to India?
8How will cargoes moving out of the Sabine Pass Terminal, in which GAIL is heavily invested, be priced in Asia as a consequence of the expansion of the Panama Canal?
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The website carries here the following details on a five well Rs 140 crore drilling programme.
8Exploration period involved and drilling programme
8Geological map
8Costing details
8Location
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For those looking for business development, the following requirements have come up for a BS-IV upgradation and LOBS revamp project:
8Diesel hydrotreating unit
8Naphtha hydrotreating unit
8Iosmerization unit
8Continuous Catalytic Reforming unit
8Sulphur recovery unit
8Wet Sulphuric Acid Plant
8Catalytic Dewaxing Unit
8Amine regeneration unit
8Sour water stripping unit
8Boiler
8RO based DM plant
8Cooling tower
8Instrument air and plant air
8Nitrogen plant
8Flare
8Power
8Prime G
Click on Reports for more Details
A total of 7 onland Extended Reach Drilling (ERD) wells is proposed to be drilled soon.
8Each well is expected to cost Rs 40 crore.
The website carries here the following details:
8Location of the wells
8Geology of the wells
8Drilling strategy for the wells.
8Estimated production
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An onland Rs 450 crore development drilling programme is slated to make progress in Andhra Pradesh in the near future.
The website carries here the full drilling plan in terms of:
8Location
8Expected oil and gas production
8GCS and EPS facilities to be connected.
Click on Reports for more Details
What will be of interest for business development managers is the current status of the shale oil and gas blocks of ONGC and OIL in terms of when work programmes are to start or when phase 1 is going to end and phase-II will begin.
The website carries here the latest update in terms of:
8Name of the basin
8Name of the operator
8Name of the block
8Original block area
8Validity of the licence
8Latest status
Click on Reports for more Details
As per government policy, ONGC and OIL have been allowed three assessment phases for shale oil and gas exploration. Each Phase will culminate in a development and production phase depending on the results of the Assessment Phase.
The two oil companies are obligated to carry out committed work programmes under the following matrix:
8Baseline EIA study including sourcing of water and its subsequent disposal.
8G&G Studies
8Drilling of pilot/test wells
8Coring, hydro-fracturing etc.
8Geochemical studies
8Geo-mechanical/Geo- hazard/Geo-technical studies
8Resource Assessment for Shale Gas and Oil,
Click on Reports for more Details
For reference purposes, the website carries here the estimates of shale oil and gas reserves in India made by various agencies.
8The data varies widely.
Click on Details for estimates of reserves made by:
8Schlumberger
8Energy Information Administration (EIA), USA in 2011
8Energy Information Administration (EIA), USA in 2013
8ONGC
8Central Mine Planning and Design Institute (CMPDI)
Click on Reports for more Details
Last week a spot cargo had come in at a price of $4.28/mmbtu
8The price differential between spot LNG cargoes and long term cargoes continued to remain high last week.
8In the last 10 day period, LNG prices varied from $ 4.28/mmbtu to $6.31/mmbtu
8Click on Details for more
8Also look up our site www.indianpetrochem.com under Petrochemical Prices feedstocks for details LNG charts Details
For reference purposes the website carries here the following tenders:
8Charter Hire of Mobile Drilling Rig Package for Baghewala and Dandewala, Rajasthan [OIL] Details
8Re-Tubing of Heat Exchangers Tube-Bundles, Haldia Refinery [IOC] Details
8Supply of Pig Spares at HMRB Pipelines, Mourigram [IOC] Details
8Statutory testing and allied works for five numbers LPG mounded bullets of LPG Terminal, Vadodara [IOC] Details
8Hiring of Services for BHP Data Acquisition & Interpretation, Reservoir Fluid Sampling & PVT Analysis, Rajasthan [OIL] Details
8Supply and Commissioning of Ultrasonic Metering System and Associated works, Cauvery Basin [GAIL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India's biggest oil refinery on west coast to cost $30 bn Details
8Government may not cut excise duty on petrol, diesel for now Details 
8Realising India's renewable ambition Details 
8GAIL to extend financial aid to build Dabhol breakwater Details
8Iraq to export first LPG shipment on Saturday Details
8Sasol mulling bid for Chevron's South African assets Details
8Stronger North Asian demand, Brexit lift Asian spot LNG prices Details
8Ethanol blending to go up to 22.5%, says Nitin Gadkari Details
8Oil supply, demand should be in balance by 2017 - U.S. Energy Sec Details
8Essar Oil calls upon the govt to incentivise refinery expansion Details
8The charm is back in oil prices: New push factor can lift prices beyond $50 Details
8Aviation turbine fuel prices go up 5.5%, non-subsidised LPG cheaper by Rs 11 Details
8Kirloskar partners with Gulf Petrochem to launch K-Oil Details
8Qatargas to supply 1.3 million tonnes a year of LNG to Pakistan for 20 years Details
8Centre ready to review rules to open up fuel retailing: Pradhan Details
8Trafigura in talks to buy stake in India’s Essar Oil Details
8After NSG rebuff, India falls back on fossil fuels for energy security Details
8Brexit unlikely to hit PSU divestment plans Details
8IOC's refinery at Gujarat to supply BS-IV compliant diesel from Jan Details
8GAIL to invest Rs.20,000 crore on pipeline network in south India Details
You can also click on Newsclips for more Details
ONGC's cost estimates for the KG-DWN-98/2 will require active internal review going forward because of the sharp fall in component prices
8Offshore Deep Water cost estimation data is notoriously unreliable as there are fewer operators to produce data. Cost is mostly quoted at the project level without any breakout between D&C, infrastructure, installation/hookup, etc.
8Recent field cost estimates by the likes of IHS have been off mark.
8The industry media research has been lacking too in confirming total cost and component costs for some project models.
8The rapid change in market costs as well as overruns have made cost estimates a highly risky job.
 click on Report for more. Details
ONGC had last week hired a 1500 metre dynamically positioned semi submersible rig from Aban Offshore at a day rate of $ 105,000.
8This is an incredibly low rate and sets the benchmark for how rig rates are going to behave in India's off shore development matrix.
8Analysis shows that about 43% of rig related costs are associated with floating rigs and over 33% are for support and supply vessels. The day rate and time spent onsite are key drivers to the total drilling and completion cost.
8In this aspect, ONGC will be a big gainer in the development of the KG-SEWN-98/S field, as rig and support vessel rates have come down.
8Helicopter and other services such as logging, cementing, and testing also are vital to operations and could be costly
8While day rates are driven by water depth, the rig onsite service days are a factor of well depth and are often governed by the geological and technical complexity of the reservoir.
8Under technically challenging HPHT reservoirs of ONGC in the KG-DWN-98/2, it will take much longer to reach total depth of the well and it may periodically require a sidetrack if tools are damaged or lost in borehole. Other factors unique to the deep water environment in the KG Basin, including rough weather, can also significantly delay the drilling operation.
8This is where ONGC's operations can turn extremely risky.
8The choice of engineering and technology holds the key to the success of the project.
 click on Report for more. Details
The Gulf of Mexico provides an example of how collaboration and joint effort between operators can provide for optimal results.
 8Over the last ten years, operators in the GOM realized the importance of access to infrastructure and collaboration with each other to fully utilize the existing or upcoming infrastructure. As a result, the hub concept, which is several fields jointly developed with a central production infrastructure to process hydrocarbon product from tie-in fields, has been introduced and gradually adapted by major operators.
8The “Hub concept” creates a giant central production platform as a “Host” to process and handle production from adjacent multiple fields.
8Independence Hub, located on Mississippi Canyon Block 920 in a water depth of 8,000 feet, is the result of a team effort of five E&P companies and one midstream energy company coming together to facilitate the development of multiple ultra-deepwater natural gas and condensate discoveries.
8Recently, in response to a lower commodity price environment, many of the large GOM operators have been revisiting development options and scenarios.
8The near-term focus is on leveraging existing production infrastructure to develop discovered resources through lower cost subsea tieback developments.
click on report for more Details
The website is trying to argue that if collaborative models are followed in the Gulf of Mexico, there is no reason why the same concepts cannot be applied in the deepwater blocks in the KG basin.
8Operating costs of a deepwater project consist of gathering, processing, transportation, and water disposal and fixed well or lease operating costs.
8In this context, no explanation will be enough to justify building separate infrastructure for ONGC's KG-DWN-98/2 block when massive capacity redundancy is available in the backbone built by RIL's in its D-6 block.
8An argument is sought to be built that the geological characteristics and well fluid parameters in the two blocks are different and therefore common infrastructure cannot be used.
8But this is a specious argument and should be subjected to rigorous scrutiny.
8In a competitive environment, where the landed price of LNG can be significantly lower than the breakeven price of gas from the KG Basin, it is imperative that the government encourage the collaborative model to optimize output from the entire area.
click on report for more Details
Wellhead equipment, as part of tangible cost, plays an important role in the development cost of a deepwater well.
8Christmas trees are a big cost component too.
8Like with onshore wells, artificial lifts, such as an electric submersible pump (ESP), can be costly.
8Extreme care will have to be taken in negotiating downhole hardware as the cost of equipment like conductors, casing, tubing, and production liner can vary depending upon ruling rates.
8Cementing and logging services add to costs.
8In a nutshell, the overall drilling and completion costs can vary to a large extent depending upon reservoir and well conditons.
8ONGC's main focus must be on the well design exercise. In an HPHT environment, an engineering mistake can add 20%-30% to the total cost.
8This is something that ONGC can ill afford. Details
That the RIL-BP combine had kept the operating cost in the D-6 block at 1.45/mmbtu is something that is indeed quite laudable.
8An analysis done by this website shows that the D-6 operating cost is quite reasonable and in fact is on the lower side when compared to other deepwater projects around the world.
 8Unlike onland E&P projects, it is difficult to benchmark costs in deepwater plays because every project has its own unique characteristics.
 8The website has looked at data of four deepwater projects in the Gulf of Mexico (GOM) and the analysis shows that their operating costs range between $2.9 to $1.45/mmbtu.
 8Some of the biggest oil companies in the world work in GOM deepwaters.
 8In this context, the D-6 cost holds up pretty well when juxtaposed against the GOM projects.
 click on Report for more. Details
As crude price goes up, the relationship between gas and domestic demand changes.
8There is a slowdown in use of liquid fuels and a rise in consumption of gas.
8Naphtha consumption was down to a negative 7.4% in May
8FO/LSHS consumption too had slowed down and so had petcoke
8Consumption of gas by the petrochemical sector had gone up while that of naphtha was down
8The big silver lining lies in the fact that gas consumption was up in the industrial sector, made up of steel, sponge iron and similar industries.
Click on Reports for more Details
For business development managers looking at downstream and midstream segments, the website carries here a comprehensive map of Indian Oil Corporation's installations around the country.
 8The map provides an immediate bird's eye perspective of IOC's installations and evacuation networks. Managers can divide business development work either spatially or in terms of business verticals.
8The website had earlier carried a full background on all ongoing and future business development opportunities in IOC.
8Combined with this map, a business VP can provide a powerful set of goals and objectives to his managers to do follow up work. Identifying key contacts in each of these installations for his areas of interest will be the first step. The aim always is to establish relationships well before a formal tendering process starts. This website can help companies build such databases too
The details are given in terms of:
8Installed refinery capacity
8Crude, product and gas pipeline networks
8Capacities under construction
Click on Reports for more Details
There is a total of 188 bottling plants in India with a capacity of 151 lakh tonne capacity.
8A software internally developed by this website has begun the ambitious process of mapping this capacity.
The project involves mapping the following:
8Name of the company
8Location
8Facility
8Individual components of the facility
8Design and actual capacity
8Expansion plans if any
8The plan is to map the entire network of LPG capacity from port handling, storage, pipeline networks and bottling plants in a dynamic manner through primary ground-up data collection.
8It is intended as a powerful tool to provide dynamic forward looking estimates of capacity expansions, component-wise future RFQ dates not just in existing but also Greenfield facilities.
8Please get in touch with out sales team to learn more.
8Collaborative and tailor made data build-up is another option we offer.
Click on Reports for more Details
The new-build shipping market continues to be in turmoil.
8Fundamentals remain shaky.
8The sharp volatility in freight rates for tankers together with increased uncertainty over future developments surrounding the global supply levels of oil and consequently the price of the commodity, has made buyers turn cautious.
8The fact that the rates continue to move inexorably downwards in the second hand market is not helping either.
8In terms of recently reported deals, Wisdom Marine placed an order for two firm Aframaxes (115,000dwt) at JMU, in Japan for a price of $ 50.0 million for delivery set in 2019.
Click on Reports for more Details
Is this a good time for Indian shipping companies to strengthen their tanker fleet by buying a few second hand tankers?
8The market is down and the price tags are attractive.
8Owners of second vessels had to settle for a much lesser price than the asking rate.
8The Signal Maya (46kdwt, blt 2005, Naikai Zosen) was recently sold in the region of $15.5 million
8Then again, the Stavanger Egale (45kdwt, blt 2004, Shin Kurushima) was bought for $16.0 million when the owner's asking price was 18 million
8For bigger vessels too, the rates are down.
8The T E Elephant (317kdwt, blt 2011, Hyundai) was sold in the region of $55.6 million while the similar vessel Hanjin Ras Tanura (309kdwt, blt 2011, Hyundai) was bought for around $ 75.0 million back in February.
Click on Reports for more Details
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