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Jul 2018

LPG tanker owners have waged an unprecedented war with the oil marketing companies over a recent tender.
8The OMCs have been accused of joining hands and sharing commercially sensitive information and forcibly imposing price bands in transportation rates
8Preferences to be given to local companies have also been roundly criticized
8They have also opposed the tying up of forty percent of their payments into the fleet and loyalty cards of the OMCs
Click on Reports  to know more Details
There is a renewed level of interest in Canadian LNG projects which have been stymied so far by environmental concerns.
8The travel distance is shorter to Asia than the US.
8Given the upsurge in demand, there is a lot of activity around Canadian projects
Click on Reports  for more Details
One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020 and whether a shipping company must make an investment in putting in scrubbers as a result.
8The technology however is largely unknown and unproven. Just around 450 vessels have scrubbers installed - less than 1% of a global merchant fleet of around 60,000 ships.
8The costs of installation are also sizable, at around $2.7 million mark for an open loop scrubber on a newbuild VLCC,
8The costs for a retrofit could be considerably higher, depending on the ship’s specification.
8But then crude tankers with scrubbers are now eliciting higher price premiums from charterers.
8So what should an Indian operator do?
Click on Reports  to know more Details
Cairn Energy PLC has eventually conceded that it may not get some of its shares confiscated by the government.
8This is because they have been sold
8Even as it continues to fight its battle an international court, where does it go from here on its $1 billion claim?
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Will the ENI-ExxonMobil combine race faster ahead with the Rovuma LNG project in Mozambique than the Anadarko-led combine in which the Indian trio of ONGC, OIL and BPCL are heavily invested?
8This means that the former has been faster in garnering gas contract than the latter.
8There is more momentum around the Rovuma decision now than that of Anadarko
Click on Details for more Details
It is not just the L&T-McDermott combine's battle to be counted as a bidder in the KG-DWN-98/3 tender that will be delaying the tender
8There is yet another more technical reason for it
Click on Details for more
   Details
8Power Purchase agreement cancelled in a 1200 MW thermal power station, leaving the owner and the project in the lurch: Find out more
Click on details for more Details
A court decision in favour of the L&T-McDermott combine in the battle for the offshore process platform project in KG-DWN-98/2 has now turned into a cloak and dagger game.
8Video footages are being obtained
8Sleigh of hand manipulation and price tempering are seen as possibilities
Click on Details for more Details
Ammonium Nitrate Greenfield Project 
8Cost - Rs 1750 Crore
8Project Event: The proposal for a term of references has been granted and the proposal for an environmental clearance is likely to be submitted in August 2018, RFQ for the EPC contractor is likely to be released in August in place of July 2018.
Click here for more information
Sulphate of Potash-Bromine and Captive Power Unit Expansion Project      
8Cost - Rs 500 Crore
8Project Event: The basic engineering study is going on and RFQ for an EPC contractor is likely to be released in August in place of July 2018. due to delay in the discussion process.
Click here for more information  Details
8Project Name: Refinery BS VI Greenfield Project
8Project Cost: Rs 4000 crore
8Project Description: The owner along with the EPCM contractor and licensor are carrying out engineering activities to construct a new DHDT unit with a capacity
8Project Event: RFQ for the equipment installation work is expected by September 2018.
8Expenditure Approval: Q1:2016
8RFQ Date: Sep/2018
8Release Date: Oct/2018
8Start Date: Q3:2016
8Completion Date: Q3:2019
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8Project Name: Greenfield LPG Terminal Project
8Project Cost: Rs 2000 crore
8Project Description: The owner is planning to install a 2.5 MMTPA LPG terminal at Dhamra, Orissa. A slight delay has occurred due to the environment clearance. After the selection of the EPC contractor, RFQ for the FEED will come. 
8Project Event: RFQ For EPC contractor is to be expected by September instead of July 2018.
8Expenditure Approval: Q4:2017
8RFQ Date: Sep/2018
8Release Date: Oct/2018
8Start Date: Q1:2019
8Completion Date: Q3:2021
Click here for more details
8Supply of carbon steel coated pipeline is coming up in CGD project: Find out who is the project owner and key contact involved in
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Gas Detectors in refinery Details
8Hiring of Service Contract for Material Handling Jobs Details
8Hiring of Electrical O&M Services Details
8Procurement of IBR Certified Steam Traps for various Steam Lines in C2C3 Recovery Plant Details
8Appointment of C&F operator cum Secondary Transportation at Lube Depot Details
8Procurement of Control Valves Details
8Supply of Assorted Valves for Natural Gas Pipelines in KG Basin Details
8Supply of 100 Kg Biogas plant as per tender specifications Details
8Automation of Ethanol tanks and integration of installed automation equipments Details
8Procurement of Dry Gas Seal Spares Details
8Rate Contract for Caustic Soda Lye Details
8Global Expression of Interest for Procurement of Pumps Details
8Supply of High Quality O-Rings at Plants Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8‘Completely cutting off Iran could send oil soaring to $120 a barrel’ Details
8Stock market update: RIL, HPCL keep oil & gas index in the green Details
8Oil prices will hurt India, but it won’t be a disaster: Chris Wood, CLSA Details
8‘Does Petroleum Ministry consider itself ‘God’? Details
8Oil steadies as drilling increases in tight market Details
8India Inc to post 12.8% revenue growth in Q1; highest in three years Details
8Crude oil futures up 0.39% on overseas cues Details
8Petrol price hike continues, up 80 paise in five days; Check revised prices today Details
8Cairn says Indian tax office sold $216 million of Vedanta shares Details
8France's Total prepares sale of $1.5 billion of UK North Sea fields Details
8Petrol, diesel prices climb for the fifth straight day on Monday Details
8Ninth CGD bidding round may fetch Rs 70,000 crore investments: CRISIL Details
8Asian refiners seeking more oil from outside Iran after U.S. sanctions - KPC CEO Details
8Do not blame OPEC, crude oil producer group says of Trump criticism Details
8Brent leads crude prices higher as Norway oil workers prepare to strike Details
8Kerosene, LPG prices see sharp hike in 2 years, subsidies keep pace Details
8Hundreds of Norway oil workers to strike after talks fail Details
8Siemens, China's SPIC eye link-up in gas turbines Details
8Repayment demand, oil prices may take rupee to 72 Details
8NIIF may move to acquire stressed infrastructure projects Details
You can also click on Newsclips for more Details
8Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 5000 crores
8Project Description: Owner along-with EPC contractors are undertaking excavation activities for a 600 MW greenfield hydro power project. Further bids are expected soon.
8Project Event: RFQs for material handling, erection, testing and commissioning works of electro-mechanical works are expected by the end July 2018.
8Expenditure Approval: 2012
8RFQ Date: 20/Jul/2018
8Release Date: 23/Jul/2018
8Start Date: 2014   
8Completion Date: 2021
Click here for more information
8Project Name: Thermal Power Plant - Installation of FGD
8Project Cost: 500 crores
8Project Description: Promoter has selected consultant for carrying out site survey and preparing a feasibility report for installation of an FGDs in the 1200 MW thermal power station. Further bids are expected soon.
8Project Event: RFQs for design, supply, transportation, construction, erection and commissioning of flue gas desulphurisation units are expected by the Q4 2018.
8Expenditure Approval: Q1:2019
8RFQ Date: Q4:2018
8Release Date: Q4:2018
8Start Date: 2020  
8Completion Date: 2022
Click here for more information
8Project Name: Thermal Power Plant - FGD Addition
8Project Cost: 820 crores
8Project Description: A subsidiary company has obtained financial approval for the installation of an FGD in the 2400 MW thermal power station. Tenders for the same is expected soon.
8Project Event: RFQs for supply and installation of an FGD is expected by August 2018.
8Expenditure Approval: Q2:2017
8RFQ Date: Aug/2018
8Release Date: Q3:Aug/2018
8Start Date: Q2:2019
8Completion Date: Q4:2021
Click here for more information Details
India is the world's most resilient jack up rig market.
8Even as the contracted jack-up rig count in the rest of the world has fallen 46.0% from January 2015 to May 2018, Indian rig counts went up.
8India is now the focus of all global rig suppliers. What is more, the rig orders in India are dominated by ONGC, which has a longer duration of contract than otherwise available.
8The website carries here monthly jackup rig contacted rig data for India during this period in relation to the rest of the world
8Get more on how jackup rig activity has gone up in India between 2010 and now
Click on Reports  for more Details
How long will it take for the demand for jackup rigs and floaters to go up after a down cycle?
8What were the average month to turning point for demand for rigs in the previous three downturns?
8And how long will it take before the current upturn in prices reflects on rig demand?
8This has implications for ONGC, as the company should know when exactly will rig rates start to climb upwards
Click on Reports  for more on this data   Details
The average breakeven cost of all classes of E&P assets are now viable
8What kind of production will now be possible from these asset classes going up to 2022?
Click on Reports  to find out more   Details
It is difficult to project how Indian domestic government-announced gas price is going to be going ahead
8But taking into account projected hub pricing for the next five years, the Indian domestic price is projected ahead
8The projections are up to the year 2025
Click on Reports  for more   Details
An Indian team has tried a mathematical framework to project prices for crude grades used by Indian refineries.
8The exercise is interesting and seem to provide a close approximation.
Find out more click on Report . Details
What were to happen in a scenario where all commercial buses and four wheeler taxis were to go electric by 2030
8How will the electricity market evolve as a result.
8Will such a hypothetical transformation impact the Indian oil & gas sector?
Click on Reports  for more Details
One of the world's largest gas supplier is willing to provide help in setting up your gas infrastructure in India.
8If you are an importer of gas, they actively manage their huge portfolio of gas on a daily basis, ensuring we provide competitively priced LNG to customers.
8They offer combined gas and LNG structures, incorporating flexible pricing indexation, volume and pricing options, pipeline gas alternatives, in-year volume adjustments and other creative solutions.
8What is more, they can combine domestic supply solutions with imported LNG
8It offers deep technical, commercial and project management expertise required to deliver LNG to a new set of customers that need our support in building and financing new land-based or floating import infrastructure.
Get key contacts and their phone numbers here click on Reports  for more. Details
India has feted the entry of Saudi Aramco into the West Coast refinery
8But the Saudis have fostered a much deeper relationship with China than with India
8Find out how Saudi Arabia is aiming to supply the petrochemical market in China in a big way
8Also know more how the Chinese are cross investing in return
8What are the lessons for India here?
Click on Reports  for more Details
Ammonia Brownfield Project  
8Cost - Rs 250 Crore
8Project Event: The project is in the initial phase and discussion is ongoing, RFQ for the process licensor as well as EPC contractor is likely to be released after completion of Phosphoric acid & Sulphuric acid greenfield project.
Click here for more information
Ammonium Sulphate Expansion Project      
8Cost - Rs 9 Crore
8Project Event: The proposal for a term of reference was accepted. RFQ for EPC contractor is likely to be released in August 2018.
Click here for more information  Details
A large fertilizer plant has just shut down and not because of technical reasons
8Till it can be revived, a reasonably big chunk of gas demand has gone out of the market
8And volumes have to be reschedules and sent elsewhere
Click on Details to know more Details
8Project Name: Oil Field Development
8Project Cost: Rs 1300 crore.
8Project Description New: Owner's RFQs for the EPC contractor for production installation and pieline network for development drilling and production programme are expected soon. Moreover the RFQ process for supply of equipment and oil field chemicals for production installation is also expected to start soon.
8Project Event New: RFQ for hiring an EPC contractor for production installation and pipeline network is expected by October 2018.
RFQ for the equipment and oilfield chemicals are expected by December 2018.
8Expenditure Approval: Q2/2016
8RFQ Date: Oct/2018.
8Release Date: Dec/2018.
8Date: Apr/2020
8Completion Date: Dec/2022
Click here for more details
8Project Name: Offshore Cluster Development
8Project Cost: Rs 500 crore
8Project Description: The private owner's RFQs for EPCM contractor for an block development project has been delayed.
Project Event: RFQ for hiring an EPCM contractor for the project is expected by September 2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Sep/2018
8Release Date: Nov/2018
8Start Date: Jan/2019
8Completion Date: Dec/2022
Click here for more details Details
Total contract value is worth $ 22 Million.
8The contract is for charter hire of a barge
Click on Details for more Details
8Project:  Pipeline Expansion Project
8Project Cost: Rs 400 crore
8Project Description: The owner along with the EPCM contractor is expanding  the pipeline and constructing separate booster pumps for POL & LPG along with mainline pumps.
8Project Event: RFQ for the trenching and laying work is expected by August 2018.
RFQ for the composite Works (erection and installation) for integrated pumping station at Barwala is expected by October 2018.
RFQ for the composite work (erection and installation) for Ramanmandi pumping station is expected by November 2018.
8Expenditure Approval: Q2:2016
8RFQ Date: Aug/2018
8Release Date: Sep/2018
8Start Date: Q1:2017
8Completion Date: Apr/2019
Click here for more details
8Project Name: Greenfield LNG Terminal
8Project Cost: Rs 6000 crore
8Project Description: The owner is planning to install an LNG Floating Storage and Regasification Unit (FSRU) with a regasification capacity of 5 MMTPA. The company has selected the EPC contractor. The company has already finalized the FSRU design with a South Korean company and is expected to take delivery of the same by December 2018. RFQ for the long lead equipment is already out. Environment Clearance for this project has already been achieved in the last week of the June.
8Project Event: RFQ for dredging work is expected by October 2018.
8Expenditure Approval: Q2:2017
8RFQ Date: Oct/2018
8Release Date: Nov/2018
8Start Date: Q3:2018
8Completion Date: Q2:2020
Click here for more details
8GAIL plans to go renewable for its prospective project, licensor has been already finalized
8Gas Authority Of India Limited is currently purchasing power through 132 KV incomer dedicated feeder from Guna for its existing Vijaypur petrochemical complex, but due to high cost of power the company is planning to install a renewable captive power plant to meet the inhouse power supply. Details
For reference purposes the website carries here the following tenders:
8Supply of Hydraulic Packet Set and Redress Kit Details
8Supply of HP Absorber Exchangers at refinery Details
8Supply of Lignocellulosic Biomass Processing Unit Details
8Carrying out Market Study of Petrochemical Products for refinery Details
8Engagement of Consultant for Techno-Commercial Due Diligence and Bid Advisory for Upstream Oil & Gas Bid Round in the Middle East Region Details
8Eddy Current Testing and Remote Field Electromagnetic Testing of Heat Exchangers at refinery Details
8Supply and Laying of Instrumentation and OFC Cables for Remote Monitoring of Equipments and other allied works Details
8Supply of Control Valves at refinery Details
8Supply and Installation of Transmitters Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Iranian oil minister calls Donald Trump's order to OPEC insulting Details
8Iran calls for EU help as shipping giant pulls out for fear of U.S. sanctions Details
8Trade war risk, rising oil costs seen keeping rupee near record low: Poll Details
8GSPC to commission Mundra LNG terminal in Gujarat in 2-3 months Details
8Iran downplays impact of US sanction threats Details
8Mukesh Ambani gets additional 5 years as Reliance Industries Chairman Details
8ONGC pushes back KG gas production target date to end 2019; oil delayed by a year Details
8Gadkari bets on alternative fuels to ease crude import strain Details
8Competition Commission dismisses complaint against IOC, BPCL, HPCL Details
8Oil prices edge up, U.S.-China trade war in focus Details
8Nigeria's Dangote expects new oil refinery to account for half of group assets Details
8Sri Lanka's Ceylon Petroleum rows back on fuel price increase Details
8Cyprus says to invite expressions of interest for gas procurement 'soon' Details
8Oil slips towards $77 as Saudi production, trade tensions weigh Details
8Petroleum products to be brought under GST in stages, says Hasmukh Adhia Details
8US oil sellers may look to India as china tariff war escalates Details
8Fuel doubts leave power plants stranded Details
8Japan's first LNG bunkering vessel to be launched in 2020 Details
8Oil price spike or ignore Trump: China and India's big decision Details
8Crude seen hitting $150 level, and oil investors are to be blamed Details
8Brazil's Petrobras seeks partner to revive older oil wells Details
You can also click on Newsclips for more Details
Tanzania-born Bhaskar Patel, managing director of TechnipFMC in India, has been steering the Indian operations of this global engineering and EPC giant, since 2015. A chemical engineer who graduated from London, Bhaskar has 30 years of international experience. He has been able to push the company from being largely a support centre for its global operations into becoming more India centric. Since he took over in 2015, the India Operating Centre has been able to win some significant contracts, and today as much as 15-20% of the new order intake of the Group in Offshore Business segment is expected from India. Internally Indian operations have been elevated to a global hub for TechnipFMC, with the other hubs in Rome and Paris.. The worst is hopefully over now for oil & gas based EPC companies, but even when the crisis was at its height, Patel was able to hold on to its 2700 strong workforce as other companies shed employees to cope with the downturn. Patel has been aggressively pushing for projects in India. One feather on the cap was the recent winning of two Rs 6000 crore each ammonia-urea projects in consortium with L&T. TechnipFMC also won HPCL's $300 million Hydrogen Generation Unit contract, and it is the PMC for IOC's Mathura and Gujarat Revamp and expansion projects as well as several other smaller projects. In a Q&A with this website, Patel answered questions on his Indian operations. 
Question: How do you think the Indian market has evolved ever since you have been in India? 
Unlike what may be the view from outside, I was thoroughly surprised to find that the Indian contracting system is not only entirely transparent but also very quick by global standards. We anticipate a rapid growth of the market and there are vast opportunities. In the next three years, our focus is on India and to acquire more business here. In the oil & gas sector itself, we see opportunities across the value chain. All oil marketing companies have expansion plans beyond the Euro-VI paradigm. 
There will be new downstream petrochemical and bio-ethanol capacities coming up as well as a couple of grassroots refineries in the pipeline. The Rajasthan refinery, HMEL's expansions, the West Coast refinery, the East Coast petrochemical complex, the CPCL refinery and also new fertilizer projects and some more prospects and expansions from private players. On the upstream side, new ultra shallow water finds in Kutch and Cluster 1 & 3 developments in KG-DWN-98/2 and exploration beyond Mumbai High will be areas of high interest. ONGC's collaborations with Chevron and ExxonMobil can see traction so will be further plans by the RIL-BP combine, all, eventually, leading to new contracts. The Indian market is growing rapidly and we see ample opportunity for us in India.
Question: Is the Indian market competitive enough?
My view is that Indian companies have the expertise now to take on the competition. And where they can't they tie up to fill up the gap. The level of competition is high even among global majors for a slice of the Indian business and the prices that are obtained from the bidding process are indeed very competitive by global standards.
Question: How big are the Indian operations for you?
India is very much our focus. We are targeting around $0.5 billion worth of business annually for now. Our Indian offices did 80% of the global group work earlier but this has turned. Our workforce of 2700 people now does 40% Indian centric work. In the next 3 to 4 years, I see India becoming more relevant.
Question: What level of work are you looking at in India? Are you planning to go for smaller projects as well?
We can go for smaller jobs, but only if there is a differentiator. A Rs 50 crore contract can be interesting for us, for example, only if there is a technology or a process differentiator in it, otherwise we are looking for bigger ticket sizes.
Question: On the offshore front, where are you involved as of now?
We are involved with the BP-RIL contracting process. We have been supplying umbilicals though not working as EPIC so far. Group company, Genesis, has been more involved. In KG-DWN-98/2, we have bid for the onshore part of the development. There are other opportunities coming up.
Question: Do you see a difference in the contracting processes of RIL-BP and ONGC in the offshore KG developments? 
Every company has its own unique style of design and contracting. And every approach has its advantages and disadvantages. RIL has awarded its project, ONGC has not. Globally now, companies are allowing more competition at the design stage and then selecting the best design and contracting subsequently. However ONGC followed a different route. We trust design and technology competency should also have a significant weightage rather than awarding projects purely on lowest price. The concept of FEED competition common overseas can help.
Question: Do you think Indian E&P companies have been able to take advantage of low equipment and service rates?
Yes, some of the offshore projects could have benefited from it. Contracting needs to be hurried up whereever pending or some of the offshore developments may miss the low price envelope. Actually business is picking up now and that will reflect on quotes going ahead. Details
8Project Name: Greenfield Thermal Power Station
8Project Cost: 20000 crores
8Project Description: Owner along with an EPC contractor is undertaking land development activities for a 1980 MW super-critical coal based greenfield Super Thermal Power Plant. Further RFQs are expected soon.
8Project Event: RFQs for civil and architectural works required for the coal handling plant and ash handling plant are expected by August 2018.
8Expenditure Approval: Q2:2014
8RFQ Date: Aug/2018
8Release Date: Aug/2018
8Start Date: Q3:2018   
8Completion Date: Q2:2024
Click here for more information
8Project Name: Thermal Power Station Addition Project 
8Project Cost: 250 crores
8Project Description: A subsidiary company is planning to come out with an ash water re-circulation package in the 800 MW thermal power station. Further RFQs are expected soon.
8Project Event: RFQs for an ash water re-circulation package are expected by the August 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Aug/2018
8Release Date: Aug/2018
8Start Date: Q4:2018   
8Completion Date: Q1:2020
Click here for more information
8Project Name: Thermal Power Project - Installation of SNCR
8Project Cost: 2500 crores
8Project Description: A subsidary company is planning to install a Selective Non-Catalytic Reduction System (SNCR) for the removal of harmful NOx gases in the 1820 MW thermal power complex. Tenders for the same is expected soon.
8Project Event: RFQs for the design, engineering, supply, installation and commissioning of SNCR system are expected to be out by the August 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Aug/2018
8Release Date: Aug/2018
8Start Date: Q3:2019
8Completion Date: Q3:2021
Click here for more information Details
8Even after starting late, RIL's gas production will hit the market in 2020 from the KG Basin, ahead of ONGC. Production will reach 30-35 mmscmd by 2022. CBM production, currently at 1 mmscmd, is expected to double with the start of the next phase of work. Click on Report  for more.
8GAIL has managed to sell 90/60/45% of the total US LNG volumes of 5.8mmtpa for FY19/20/21 through destination swap. There is comfort now that positive differentials between Henry Hub and other pricing hubs will enable the gas major to place more volumes going ahead. Click on Report  for more.
8Get the global counter piracy guidelines for shipping industry here. Click on Report  for more.
8Find out how Samik Mukherjee has gone up the ladder in McDermott. Click on Report  for more.
8It is not unusual for new build crude tankers to carry clean cargoes but this has had a profound impact on the product vessel market. Click on Report  for more.
8There is going to be a massive increase in electricity capacity in the coming decades and the talk of a global super grid is gaining traction. The technology is available through higher capacity HVDC lines that can stretch 6000 miles. But the bill is going to be very high. Find out more on how much is it going to cost. Click on Report  for more.
8Know more on how a unified tariff rate, if implemented, will change the economics of gas in the country. Under the existing tariff plans a customer in Nangal, Punjab has to pay Rs 98.03/mmbtu for transmitting gas from Dabhol, Maharashtra. If unified tariff applies, then tariff reduces by Rs 41/mmbtu, a 42% reduction in the cost of gas. Then there is the flip side to the coin as well. Click on Report  for more.   Details
Will the unbundling of the transmission and marketing arms of GAIL will come as mortal blow to the gas major?
8The answer, surprisingly, is "no".
8There is only going to be a limited impact, according to an analysis.
8GAIL has quite obviously gained from higher margins on short-term supplies but there is a realization that will be unsustainable in the long run
8Should this then embolden the government, which has been reluctant so far, to go ahead with this reform measure?
Click on Reports  for more   Details
What are the near-term LNG price prospects for India?
8DES India is estimated at around $9.65/MMBTU for July and $9.75/MMBTU for August.
8In this context, the FOB Middle East and Qatar prices are estimated at $9.05/MMBTU & $9.16/MMBTU for July & August 2018 respectively. How long will this bullish trend continue?
8Pertinently, Henry Hub-based prices for India were going at $7.26/MMBTU in June
8The point to note is that US Henry Hub-based price last month was at around $5.84/MMBTU for US-based liquefaction companies, which translated into a margin of $2.39/MMBTU for India in June.
Click on Reports  for more., Also, go to our Prices section to get daily LNG prices around the world. Details
The price of gas even though high now is still cheaper than fuel oil by around 6 to 13%
8But this margin is expected to go up should GST be implemented for gas
8Find out more on how gas compares with fuel oil under current fuel oil prices, now and post GST, if implemented
8Also know how much will LNG prices come down once GST is implemented
Click on Reports  for more Details
With high LNG prices playing a spoiler, is government policy to weed out polluting fuels the way to enhance gas consumption?
8Recently, the Gujarat High Court has directed closure of coal gasifiers in the Morbi-Wankaner area which are not complying with approved regulations.
8These and other moves, such as the banning of petcoke in the NCR, will push demand ahead for LNG in India even as high prices act as an impeding factor.
8In the industrial cluster of Morbi itself, there can be a demand for around 5-6mmscmd whereas the current gas sales are a mere 2.5mmscmd, suggesting high growth prospects.
8The same story can play out in other industrial clusters where pipeline connectivity is available.
Click on Reports  for more Details
How is Torrent Power been able to keep its head above waters with its gas based capacity?
8It has been doing its own contracting.
8The company imported 9 LNG cargoes till March, 2018 and plans another 26 cargoes following a competitive tender process going up to 2020
8The odds are loaded against the company, but higher demand for electricity is expected to push capacity utilization of gas-based power plants higher, the company feels
Click on Reports  for more   Details
Will LNG prices continue to soar upwards or are they going to settle down to sober levels eventually
8The big rise in demand, particularly from China, has given impetus to the line of thinking that the supply-demand gap will be plugged earlier than expected
8But the latest data seems to be again showing that there will be a spate of new capacity coming on stream and there will be a supply overhang in 2019 and 2020 as demand levels off somewhat.
8While China is expected to step up imports, Japan and Korea will slow down.
8Whilst global LNG import growth is sufficient to absorb this new capacity over 2018, slowing demand growth in 2019 and 2020 is expected to create a short period of excess supply.
Find out more click on Report . Details
Phosphoric Acid & Sulphuric Acid Greenfield Project       
8Cost - Rs 1800 Crore
8Project Event: RFQ for a process licensor was released in February 2018, finalization is due in August in place of July 2018. due to delay in the evaluation. Tender for EPC contractor is likely to be released in September 2018.
Click here for more information  
Single/Triple Super Phosphate Greenfield Project     
8Cost - Rs 30 Crore
8Project Event: The proposal for environmental clearance was submitted in June 2018, and selection process for an EPC contractor is ongoing and it is likely to be finalized in September 2018.
Click here for more information
Phosphoric Acid Greenfield Project    
8Cost - Rs 10 Crore
8Project Event: The proposal for the environmental clearance was submitted in June 2018, Public hearing was completed and proposal for the environmental clearance is likely to be elicited in September 2018. after that the company will also apply to Gujarat Pollution Control Board (GPCB) for CTE, which is likely to be submitted in December 2018. They are looking for a local EPC contractor, communication with different EPC contractor is ongoing.
Click here for more information  Details
For reference purposes the website carries here the following tenders:
8Oil Recovery from Weathering Pit Sludge at refinery Details
8Annual Rate Contract for supply of Mechanical Seal Spares for refinery Details
8Supply, Installation and Commissioning of High Mast Tower at LPG Plant Details
8Appointing Owners Management Consultant for achieving best in Class Optimised Design for Petro Resid Fluid Catalytic Cracking Unit Details
8Providing HAZOP and HAC Studies for New and Planned Facilities Details
8Replacement of CSU and Off Gas Compressor at Uran Plant Details
8EOI for Design and Commissioning of Integrated Facilities Complex comprising of Group Gathering Station, Effluent Treatment Plant, Water Injection Plant and Gas Compression Plant Details
8Providing EPCM Services Details
8Transportation of Bulk POL products MS HSD and Branded fuels by Road ex Sankari TOP Details
8Transportation of Bulk POL products MS HSD and Branded fuels by Road ex Madurai New IRD Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8City gas distribution licensing: India expects multiple bids on July 10 Details
8India emphasises energy security before US officials' visit Details
8Iran tells Trump to stop tweeting about oil prices Details
8India yet to take a decision on Iran Oil Imports Details
8Shell CEO says "foolhardy" to set carbon reduction targets Details
8Iran's OPEC boss says Trump's tweets have added $10 to oil prices - SHANA Details
8Oil near 3-1/2-year high despite Trump demand that OPEC cut prices Details
8Petrol, diesel price hiked for 1st time in more than a month Details
8Mukesh Ambani’s RIL dips post 41st AGM Details
8As fossil fuel loses lustre, RIL shifts focus on oil-to-chemicals conversion Details
8Woolworths Group enters 15-year fuel supply deal with Caltex Australia Details
8RIL will sharpen focus on oil-to-chemical conversion projects: Mukesh Ambani Details
8Eramet searches for lithium deposits in Chile, Argentina, Brazil -CEO Details
8Norway's usually cheap energy as costly as Germany's in Q3-regulator Details
8Libya's Bahr al-Salam Phase 2 natural gas project starts first well Details
8China keeps LNG off tariff list for now, could be trade weapon later Details
8Karnataka government to increase petrol, diesel taxes Details
8Trump's scandal-plagued environment chief resigns Details
8Iran to Trump: oil will cost $100 per barrel, and it is your fault Details
8EXPLAINED: Strait of Hormuz - the world's most important oil artery Details
8Union workers announce strike at Total's North Sea oil platforms Details
8Viability of Argentine biodiesel industry hinges on EU sanctions Details
You can also click on Newsclips for more Details
L&T has issued a statement on reports that the Daman development was delayed because it could not deliver on a tight deadline:
8“As per the scope of work, all five Well Head Platforms (C24-P2, B12-13, B12-15, B12-11, B12-17) have been installed and handed over to the client ahead of schedule. All six segments of pipelines have been successfully pre-commissioned and handed over to the client duly ready for production. Despite the 4 to 10-week delay of the ‘free-issue’ material for the well-head platforms and pipelines, accelerated measures during execution ensured timely completion. Associated subsea works including installation of all risers, SSIV & Umbilical have been completed. The modifications related to gas and condensate systems at TCPP Platform for start of production and flow of gas has also been completed and handed over to the client. Certain non-production related work including pending free issue materials from the client will be concluded post monsoon. 
8From the above, it is clear that all the platforms and associated systems are ready for gas production. The production is likely to commence from these platforms in the coming months.
8Hence, the earlier reports of loss of gas/condensate production is erroneous and completely unfounded.”  Details
Our project monitoring software allows an EPC contractor of an equipment supplier to plan their calendar. Which are the new opportunities you can tap, going ahead? Our software tells you where they are going to come up, what stage they are in, who are the key contacts to get in touch with. This information provides breathing space and planning time. There is not last minute rush once the RFQ is officially published
8Project Name: CBM Field Exploration
8Project Cost: Rs 1200 crore
8Project Description: The Promoter is planning the Exploration and Production of Coal Bed Methane (CBM). The promoter is proposing to drill 35 core holes, 6 test wells (Phase-I) and 30 pilot wells (Phase-II). Core holes will be drilled to know the geological formation of coal seams in the earth’s subsurface. All wells will be drilled up to the target depth of 2500 m. Surface facilities such as Gas Gathering Stations (GGS) will be set up for the collection of CBM gas. Pipeline of varying diameters from 4 to18 inches will be laid for gas transport from Wells to GGS. CBM gas production of approximately 4000 m3 per day is anticipated from each production well. The equipment required for the project includes casing pipes, drilling pipes, drill bits, x-mass trees, blow out preventer, cementing services, mud engineering services, hydrofracturing services, CBM well completion and Artificial Lifting services. Further RFQs are expected shortly. 
8Project Event: RFQ for the hiring of an EPC contractor for the construction of GGS and pipeline installation is expected by Q1:2019.
RFQ for the hiring of equipment and services is expected by Q1:2019.  
8Expenditure Approval: Q1/2015
8RFQ Date: Q1/2019
8Release Date: Q1/2019
8Start Date: Apr/2020
8Completion Date: Dec/2023
Click here for more details Details
8Project Name: Oil Field Development 
8Project Cost: Rs 500 crore
8Project Description: The Promoter is planning  the development an offshore field. The block was awarded to the company under the Discovered Small Fields Round in 2016. The Field Development Plan (FDP) of the block has been recently approved by the ministry. The project involves drilling of 4 wells in shallow water and laying of pipelines. The Jack-up Rig required for the project will be hired on EPC basis for undertaking drilling activities. The project requirements will be drilling pipes, casing pipes, drill bits, blow out preventer, directional drilling services, mud logging Services, wireline logging services, casing & tubing running services, well testing services, fishing services, liner hanger running services and cementing services. Further RFQs are expected shortly. 
8Project Event: RFQ for the hiring of equipment and oilfield chemicals is expected by Q4:2018.
RFQ for the hiring of an EPC contractor for drilling services and pipeline installation is expected by Q4:2018. 
8Expenditure Approval: Q4/2017
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: Feb/2020
8Completion Date: Dec/2022
Click here for more details Details
8Project Name:  Pipeline Expansion Project
8Project Cost: Rs 8086 crore
8Project Description: The owner along with EPMC contractor Engineers India Limited is carrying out construction activities for the expansion of the pipeline. A slight delay has occurred in the selection of a contractor for the dispatch and receiving terminals and intermediate pigging stations. 
8Project Event: RFQ for a contractor for the dispatch and receiving terminals and intermediate pigging stations is to be expected in September instead of June 2018.
8Expenditure Approval: Q2:2015
8RFQ Date: Sep/2018
8Release Date: Oct/2018
8Start Date: Q2:2017
8Completion Date: Q2:2019
Click here for more details Details
8Project Name: Greenfield LPG bottling Plant Project
8Project Cost: Rs 100 crore
8Project Description: The owner has reivsed the cost of setting up an LPG Bottling Plant with a capacity of 120000 MTPA by installing 3 X 600 MT mounded storage vessels to 100 crores .
8Project Event: RFQ for the EPC contractor is to be expected by last week July 2018.
 RFQ for the FEED work is expected by August 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Aug/2018
8Release Date: Sep/2018
8Start Date: Q3:2018
8Completion Date: Q3:2020
Click here for more detail Details
Find out more on how exactly the L&T-McDermott combine made a comeback in the ONGC KG-DWN-98/2 platform contract after it submitted a late bid for the tender.
8The consortium emerged victorious despite strenuous opposition from another consortium and ONGC itself.
8L&T has built a firm domestic E&P base and it is a strong opponent for any competitor to take on.
Click on Details for more Details
8Project Name: Pumped Storage Hydro Power Greenfield Project
8Project Cost: 7000 crores
8Project Description: Owner has been granted environment clearance for a 1500 MW Pumped Storage Plant. Package wise bids are expected.
8Project Event: RFQs for civil and H&M works are expected by August 2018.
8Expenditure Approval: Q4:2018
8RFQ Date: Aug/2018
8Release Date: Aug/2018
8Start Date: Q2:2019   
8Completion Date: Q3:2024
Click here for more information
8Project Name: Thermal Power Station Maintenance Project 
8Project Cost: 15 crores
8Project Description: Promoter's bids for a 45-day scheduled annual overhaul in 3000 MW thermal power plant is getting delayed due to lack of preparation of Notice Inviting Tender document. The mandatory job includes refurbishment of pressure parts of boiler, replacement of turbine rotating blades, burner refurbishment, replacement of air preheater (APH) basket, replacement of radial, axial and rotor post seals of air preheater, sector plates in air preheater which gets corroded during operation, among others.
8Project Event: RFQs for required equipment for the overhaul are expected by the end of July 2018.
Click here for more information
8Project Name: Thermal Power Station - Dismantling
8Project Cost: 83 crores
8Project Description: The owner is planning to retire and dismantle all the plants of 340 MW coal based thermal power station as it has aged more than 25 years. Further bids are expected soon.
8Project Event: RFQ for dismantling services of various equipment is expected by October 2018.
8Expenditure Approval: 2018
8RFQ Date: Oct/2018
8Release Date: Oct/2018
8Start Date: Q2:2019
8Completion Date: Q3:2020
Click here for more information Details
8Project Name: Greenfield Gas Pipeline Project
8Project Cost: Rs 1400 crore
8Project Description: Owner is planning to install a new greenfield natural gas pipeline with a spur line to Paradip refinery. The route has been finalised and the Cadastral Survey has been completed. The requirement of pipe quantity is under preparation. Detailed engineering survey is expected to completed by December 2018. Detailed engineering survey for Odisha has been completed and for the West Bengal, it is under progress. At present land acquisition process is going on.
8Project Event: RFQ for the land acquisition consultant is expected by August 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Aug/2018
8Release Date: sep/2018
8Start Date: Q1:2019
8Completion Date: Q3:2020
Click here for more details
8Project Name: Greenfield Natural Gas Pipeline
8Project Cost: Rs 1700 crore
8Project Description: The owner has already hired a PMC contractor to lay, build and operate a PNGRB authorized natural gas pipeline. A slight delay occurred in the procurement process for long lead items.
8Project Event: RFQ for the equipment is expected by September instead of July 2018.
8Expenditure Approval: Q3:2016
8RFQ Date: Sep/2018
8Release Date: Oct/2018
8Start Date: Q4:2018
8Completion Date: Q4:2020
Click here for more details
8LPG Terminal delayed
8Owner's, LPG terminal with a capacity of 5 MMTPA has been delayed by almost two years due to the local agitation. The project is now expected to get commissioned by March 2019 instead of October 2017. Moreover when the work will start the requirement of work order for Jetty will come. At the present, all site works are suspended.
Click on Details for more, including key contacts Details
8Project Name: Oil Field Exploration
8Project Description: The Promoter is planning exploration in a offshore block. The promoter is planning to drill two high pressure and high temperature (HPHT) well. A Pre-hired Jack-up rig will be used for drilling services. The project requirements will be drilling pipes, casing pipes, drill bits, blow out preventer, directional drilling services, mud logging Services, wireline logging services, casing & tubing running services, well testing services, Fishing Services, liner hanger running services and cementing services. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of equipment and services is expected by Q4:2018. 
8Expenditure Approval: Q1/2017
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: Jan/2020
8Completion Date: Dec/2020
Click here for more details Details
The deadline for ONGC's $5 billion KG-DWN-98/2 development is likely to to be put off yet another time.
8Well placed ONGC sources also said that the price tag for the development is expected to go up as well despite the fact the tender was floated at a time when prices were really low.
8For one critical competent -- the offshore process platform -- the price estimate is reported to have gone up by a whopping 40% from what was earlier estimated, according to well placed sources.
8That ONGC is struggling with the entire contracting process is evident from the fact that it has not been able to award the tender for the platform even though it was floated in November, 2016.
Click on Details to find out more on how the time lines had been put off in the tender and by how much has the cost could have escalated. Details
Well placed sources told this website that three bidders for the offshore process plarform have embarked on a battle of wits, involving court battles in the Delhi High Court and the Supreme Court for the contract.
8The ONGC top brass is upset with the delays that have ensued on account of the court battles.
8The $5 billion cost escalates every day the project is delayed.
8Find out who are the bidders are for this project and the battles that they are fighting.
Click on Details for more Details
At the forefront of almost all major most offshore contracting jobs in India is one big Malaysian conglomerate, the Sapura Energy
8It is a 100% Malaysian owned group works in India through its subsidiaries. The group had humble origins but grew quickly over time.
8It is a gigantic group that is involved in many industrial segments.
8In the oil & gas sector, it is present in engineering and construction, operations and maintenance and drilling and completions.
8In India, they have one trusted pointsman who is responsible for bidding aggressively in the offshore oil and gas sector
8Sapura tied up with Afcons Infrastructure Ltd to bid for the ONGC KG-DWN-98/2 contract
8Sapura's traditional rival in India is L&T and both of them fight a no-holds-barred battle for contacts
Click on Details for more Details
Find out more on how ONGC, on hindsight, seemed to have gone about the wrong way in developing the KG-DWN-98/2 block.
8Why did it fail to adhere to both time and cost limits while the BP-RIL combine was able to start from behind but was able to place orders before ONGC
8The basic fault was in the designing of the developmental plan, according to knowledgeable consultants.
8But then ONGC had its own contractual limitations that did not allow it go the way most international companies involved in such complicated offshore developments would have gone.
Click on Details for more Details
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