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Jul 2019

Chevron Lummus Global has bagged the licensing and engineering contract for the 270 TMTPA Lubricants Base Oil plant at Indian Oil Corporation Ltd.'s  Haldia Refinery
8The plant will use CLG's ISODEWAXING and ISOFINISHING technologies.
8The Haldia unit will be designed to primarily produce premium API Group III base oils by processing unconverted oil from an upstream hydrocracking unit.
Click on Reports for more Details
Single Super Phosphate Expansion Project
8Cost - Rs 20 crore
8Project Event: The project is on hold due to lack of fund, the company has applied for the loan as per project requirement. The project is likely to be activated after the capital approval. There is an expectation that the RFQ for the EPC contractor is likely to release in September 2019.
Click here for more details (Link through www.indianfertilizer.com) Details
For reference purposes the website carries here the following tenders:
8Installation & Commissioning of In Situ Stack Analyzers for Furnaces Details
8Procurement of Pressure Transmitter and Differential Pressure Transmitter for LPG & Compressor Station Details
8PMC-2 Services for BS-VI MS Block Project in refinery Details
8Supply of Heat Exchangers for RFU Revamp Details
8Supply and Installation of Smalls Filling Rotary Machine Details
8Providing Retail Outlet Automation Details
8Erection of scaffolding inside heaters and tubes cleaning in DCU Details
8Procurement of spare Thermowells and thermocouples Details
8Procurement of Pneumatic Operated Butterfly Valves Details
8Corrigendum: Supply of Electric Motor Driven CNG Booster Compressor Package Details
8Hiring consultancy Services for replacement of 36” LP Header, 30”Intermediate header and new demethanizer reflux pump Details
8Hiring of Services for Minor and Major overhauling and Specific repair of Centrifugal, Screw and Reciprocating Gas Compressors Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Essar says third-party cargo volumes at Hazira terminal jumped 22 per cent in June quarter Details
8Government to reach out to foreign players for oil exploration Details
8Natural gas consumption by automakers in Gujarat declines in Jul Details
8CBI books Rolls-Royce, unknown officials of HAL, ONGC and GAIL for graft Details
8BP has no plans to take tankers through Hormuz at the moment Details
8BP profit outstrips forecasts, lifted by higher oil output Details
8Leviathan partners considering LNG facility offshore Israel Details
8Oil prices rise as market eyes likely Fed rate cut Details
8Crude oil prices up on global cues Details
8US ethanol industry nearing breaking point: Green Plains CEO Details
8BP second-quarter profit of $2.8 billion above expectations Details
8Iran's vice-president urges China, friendly countries to buy oil Details
8Oil unit for Nigeria's Dangote refinery sets sail from China: Sinopec Details
8Chinese demand for Angolan oil rebounds ahead of IMO 2020 Details
8British Gas parent Centrica CEO to step down, dividend slashed Details
8BP says quarterly profit sinks on lower oil prices Details
8Oil prices rise for fifth day after U.S. stocks decline Details
You can also click on Newsclips for more   Details
>Urea (Granular) and Captive Power Unit Expansion Project 
8Cost - Rs 700 crore
8Project Event: The project is halted, due to lack of fund. The company's first priority is doing the energy-saving project which will cost around Rs 380 crore, after that company will do this project.
Click here for more details (Link available through www.indianfertilizer.com) Details
Oil and Natural Gas Corporation Limited has issued the LOI to L&T last week for the New Water Injection Platform for an overall bid price of $352.54 million, which includes the EPC contract ($345.83 million), along with marine loading spreads and an Operation and Maintenance contract ($6.71 million) for a Low salinity Skid
8Similarly, an LOI was also issued to L&T last week for the construction of Two 12-slot well platforms HM & HN Laying, Installation of around 48.5 kilometers of submarine pipeline and other associated facilities for the Heera Redevelopment Phase-III project for an overall bid price of $190.83 million.
8L&T in turn has begun work on the projects already
8Find out more about the contractor's schedule ahead
 Click on Details  Details
The conversion of the Sagar Samrat to a MOPU had been delayed again, even after a fresh contract was worked out with Gulf Piping Ltd, excluding the latter's former partner, Mercator, from the arrangement.
8One deadline has already come and gone.
8But it now looks like ONGC has to take matters into its own hands yet again
Click on Details for more Details
A DSF operator accepting bids for a 150 tonne workover rig
8It is also looking for attendant drilling equipment
8Currently, the requirement is for workover of three wells
8Also in the schedule is also the development drilling of 9 wells
Click on Details for more Details
It is a Rs 320 crore terminal augmentation project
8The PMC contractor has been appointed. The pre-feasibility report was prepared by PDIL, TOR has been granted and a tender for EIA consultant has been floated and selection is in under process.
8RFQ for the long lead items is to be expected in Nov 2019.
Click on Details for more Details
Now that the Rs 10,000 crore Kandla-Gorakhpur LPG pipeline is being set up through a three-way JV partnership, there has been some change in plan.
8The PMC is still to be finalized, according to our sources, though earlier EIL was the designated consultant.
8Route survey tenders are coming up, selection of EIA consultant is under process.
8But work is expected pick up speed quickly enough.
8Find out more on when the RFQ for mainline pipes is expected
Click on Details for more Details
The differential between spot LNG and contract LNG is now 100%
8A calculation shows that cost to a CGD entity at ex-retail pump is Rs 17.80 per scmd when using spot gas, at a DES price of $4.50 mmbtu
8In comparison, the cost of contract LNG is Rs 32.14/scm, assuming a 12.5% slope at a crude price of $68
8When using subsidized domestic gas at $3.7/mmbtu, the cost comes to a mere Rs 14.97/scm
8"There are three, in fact four rates (when PMT gas at $6.8/mmbtu is taken into account). leading to all kind of disporportionalities," an industry insider said
Click on Reports for more Details
If existing city gas distribution networks are allowed to be used by third parties, is it likely that oil marketing companies, who can build CNG networks in their existing retail outlets, can pose a threat existing CGD entities?
8Will new entrants be entitled to gas at concessional rates?
Click on Reports for more Details
In the current ONGC tender for offshore jackup rigs, the L-1 rig rate was $44,000
8The point to note is that in January this year, Jindal Drilling had offered the rate of $26,001 to ONGC for the Discovery-1, which is the current reference rate.
8ONGC yesterday decided on the new L-1 rate for six rigs under the current tender.
Find out what rate ONGC settled upon Details
8Project Cost: Rs 1058 crores
8Get the latest update here, in terms of project parameters, HDD meterage, and contractors selected so far
8When is the EPC contractor going to be appointed
Click here for more details Details
It looks like the HPCL-Shapoorji LNG terminal is running into fresh headwinds
8The terminal is already delayed as construction contracts were awarded only in May after much after tenders were invited
Click on Details for more Details
The KG Basin discoveries are soon going to hit first gas
8Hectic preparations are on for ONGC to be able to get its first well producing by December, 2019 from its KG-DWN-98/2 block
8Similarly, RIL is expecting to hit first gas from the R Cluster fields by mid-2020, its Satellite fields by mid-2021 and production from the MJ-1 field, however, is expected only by mid-2022.
Click on Details to know more about RIL's plans Details
Even after an endorsement by the petroleum minister for a six-month extension, why did GAIL CMD BC Tripathi fail to make it through?
8How did he run foul of the Prime Minister and the Home Minister?
Click on Details for more Details
With BC Tripathi out of the way, the focus is now on who is going to be the next CMD of GAIL.
8For now, the order noted that the senior-most director of GAIL be appointed as interim Chairman and Managing Director till a full-time head is selected. 
8The order also said that petroleum ministry should go for a fresh selection of CMD, GAIL and submit the proposal for regular appointment for consideration of the Appointments Committee of the Cabinet by end of November 2019. This announcement has led to a fresh round of speculation.
8The website does an analysis of who is likely to be the best candidate to be GAIL's next CMD. Also, GAIL will need new projects and marketing directors.
8There is a bunch of internal candidates jockeying for all the three slots, but will the government bring in people from the outside?
Click on Details for more Details
Ammonia-Urea Brownfield Project 
8Cost - Rs 6000 crore
8Project Event: Arvind Envisol Limited, Driplex Water Engineering Ltd, Ionexchange India Ltd, Toshiba Water Solutions Pvt Ltd are in the race for the ETP, STP in the project. Technical bids have been opened and evaluation is ongoing.
Click here for more details
Phosphoric Acid Expansion Project
8Cost - Rs 100 crore
8Project Event: The installation is still ongoing, commissioning has been delayed by three month due to delay in construction. Now the project is likely to be commissioned in October 2019.
Click here for more details
(Links are available only through our sister site, www.indianfertilizer.com) Details
For reference purposes the website carries here the following tenders:
8Installation & Commissioning Services for SagarSamrat Conversion Project Details
8Sale of CBM Gas from EPS-2, Bokaro Block Details
8Sale of CBM Gas from EPS-2, Bokaro Block Details
8Supply of Monolithic Insulating Joints Details
8Supply of Flow Tees Details
8Rate Contract for supply of Fittings Details
8Appointment of C&F operator cum secondary transporter at lubes depot Details
8Terminal Automation System for LPG Bottling Plant Details
8Supply, Installation and Commissioning of ATG System for Base Oil Tanks Details
8Supply, Installation, Testing and Commissioning of Long Range Water cum Foam Monitors Details
8Compressor Rotors Reconditioning and Balancing Details
8Supply of Spares for Mug Compressor in GTU Project Details
8Procurement of cooling tower for LPG compressor at LPG plant Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Vedanta’s Cairn Oil and Gas to ramp up oil, gas production to 260-270 kboepd by FY20 Details
8Petronas, Japan's JXTG may buy stake in India's Bina oil refinery Details
8GAIL's B C Tripathi denied third extension as CMD Details
8India's Venezuelan June oil imports highest in 7 quarters Details
8Vedanta’s Cairn Oil and Gas Q1 performance hit by subdued oil prices, maintenance work  Details
8Oil prices rise ahead of expected U.S. interest rate cut Details
8Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs Details
8IOC, Adani to invest Rs 9,600 cr in city gas projects Details
8Iran terms Britain seizing its oil tanker as violation of JCPoA Details
8Singapore JPTT secures PetroChina as anchor tenant: CEO Details
You can also click on Newsclips for more   Details
Despite the fact that the BC Tripathi was unable to elicit a six month extension, he did put the gas major through a scorching expansion spree
8The new GAIL CMD will have his hands full dealing with the roadmap set by Tripathi
8He will also have to deal with government pressures to split up the company into its transmission and distribution arms. There is a possibility of a full dismemberment of GAIL as well.
8The irony will not be lost if the new boss ends up dismantling the very edifice that Tripathi had so assiduously built over the last 10 years.
Click on Details for more Details
The Ratna processing platform tender has received five registrations so far for a pre-bid conference scheduled for August 9 in Mumbai.
8The race is for an EPC contract for "Design, Engineering, Procurement, Fabrication, Load out, Tie down / Sea fastening Tow-out/Sail-out, Transportation, Installation, Hook-up, Testing, Pre-commissioning, Commissioning (wherever applicable) of entire facilities of Ratna Processing Platform."
Click on Details to Know more about who have shown interest Details
DAP/NPK- Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost - Rs 2000 Crore
8Project Event: The project is in the initial phase, but RFQ for the contractor is likely to be released soon.
Click here for more details (Available only through www.indianfertilizer.com) Details
DAP Expansion Project
8Cost - Rs 100 Crore
8Project Event: The project has elicited the term of references and proposal for environmental clearance is likely to be submitted in August 2019, RFQ for the EPC contractor is likely to be released in August 2019.
Click here for more details (Link available only through www.indianfertilizer.com) Details
For suppliers of diesel and petrol as well as city gas distribution companies and gas suppliers, the electric vehicle revolution is something that needs a close watch from here on
8Newer affordable EV cars in the range of Rs 6.50 lakh are in the offing. What is more prices are falling rapidly, with battery costs coming down 10% every year.
8Running costs are 5-6 times less than conventional cars, as EVs have only 1 % moving parts compared to regular cars.
8Some EV suppliers are now giving unlimited mileage warranty.
8Also, with a range of 125 to 150 km per charge, most private city car owners will not suffer from range anxiety any more.
8Battery life guarantees can now stretch to as many as 8 years
8A regular 15 A socket at home is good enough for overnight charging
Comment: The revolution can overwhelm both the diesel and petrol supplier as well as the city gas distributor. Once a certain price threshold is reached, it can well be a wholesale conversion to electric vehicles
Click on Reports for more Details
Destination restrictions that are imposed on LNG cargoes headed to India may be in contravention of the Competition Act 2002.
8Restricting or limiting the purchaser's resale ability, i.e., the ability to sell the LNG/gas after the purchaser acquires ownership and assumes all risk at the port of shipment may also be considered to be anti-competitive.
8This new interpretation may be used to push Indian buyers into renegotiating LNG deals, it seems
8Then again, a profit-sharing clause in contracts with FOB delivery terms may raise concerns under India's competition laws.
Click on Reports for more Details
The natural gas power market is collapsing not in India but around the world, it seems.
8Even in countries with low gas prices, such as the US, the market for large framed gas-fired turbines is showing no traction.
8This is bad news for the industry from both ends, from the power equipment supplier as well as the gas supplier point of view.
Click on Reports for more Details
With the IMO 2020 deadline looming ahead, only a small proportion of the global fleet is expected to have scrubbers installed.
8The point to note however is that around 2,000 vessels out of the global fleet of 80,000 consume about 25% of all marine fuel. If these vessels were fitted with scrubbers for bunker fuel, we believe there would be an outsized and meaningful impact on lowering global sulphur emissions.
8So far, however, scrubbers have largely been fitted to smaller, coastal vessels.
8Find out more on how IMO 2020 is going to hit the shipping industry, and what the future has in store for the shipping industry beyond IMO 2020
Click on Reports for more Details
ONGC has dropped plans for a MOPU in the GK-28/42 offshore project
8The project will be developed along with the GS-OSN-2004/1 offshore project which will involve an overall number of 6 platforms (5 for GK-28/42 and 1 platform for GS-OSN-2004/1), with the gas processing facility at Okha which will, in turn, will be connected using a 65 km subsea pipeline.
Click on Details for more on the RFQs coming up ahead along with key contacts for this combined project Details
A city gas distributor is looking for to set up an LNG storage facility.
8It will be a turnkey contract
Click on Reports for more Details
Another threat that can slow down diesel demand in the country is the announcement of the subsidised solar agricultural pumps.
8Around 17% of the demand for diesel comes from agricultural pumps.
8This market may soon disappear for the diesel supplier
Click on Reports for more Details
A climate emergency is upon us, according to new research by a set of global experts
8So much so that human existence may be under severe threat.
8"Scientists have a moral obligation to clearly warn humanity of any great existential threat and ‘tell it like it is’. Based on this obligation and the data presented below, we herein proclaim, with scientist signatories from around the world, a clear and unequivocal declaration that a climate emergency exists on planet Earth," the report says
Clearly, these warnings by reputed scientists cannot be ignored anymore. Details
The last date for submission of bids has been extended once again.
8Know more about who are bidding for the project
Click on Details Details
There were three bidders in the race
8Find out what price the winning bidder won the deal for
Click on Details  Details
8When are the RFQs going to be out for Prize Petroleum's AA/ONDSF/ HILARA/2016 block and the AA/ONDSF/ SANARUDRAVAM/2016 block.
Click on Details for more Details
The pipeline length is Rs 46 km
8Know more about when an EPC contractor RFQ is going to come up
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Redesigning and Revamping for the existing website Details
8Bio Diesel/ Ethanol Oil Tank related Automation Jobs Details
8PLT Survey to OMC/ IMC Details
8Construction of New Retail Outlets and Modernization of existing outlets Details
8Annual Rate Contract for Online Leak Sealing/ Arresting jobs Details
8Miscellaneous Electrical Works at LPG Plant Details
8Engineering, Procurement, Construction, Testing and Commissioning of a Modular Field Gas Gathering Station Details
8Construction of New Retail Outlets and Modernization of existing outlets Details
8Supply and Installation of Air Compressor at LPG Plant Details
8Comprehensive Annual Maintenance Contract for Servo Stabilizer and Air Compressors Details
8Due date extended for requirement of ARC for Specialize Scaffolding for Coke Drum Details
8Expert Supervisory services of Atlas Copco for troubleshooting or maintenance of Air Compressors Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8DIPAM, Oil Ministry to discuss OVL listing soon Details
8ONGC’s crucial offshore rig conversion project facing further delays Details
8Essar and ENI find gas and condensates in offshore Vietnam Details
8Cairn India Holdings to exit investments in Anglo American Plc Details
8Essar makes natural gas discovery in Vietnam Details
8India's Venezuelan June oil imports highest in seven quarters: trade Details
8Chennai Petroleum Corporation revamping existing diesel hydro-treating unit Details
8Torrent Group plans Rs 3,000 cr investment for gas pipeline network in UP Details
8Reliance Industries' refinery complexity index rises 66 per cent to 21.1 Details
8BPCL to produce 100 KL ethanol using paddy straw near Bhandara Details
8Exploration firms can help assess India's mineral wealth: FIMI Details
8Britain's seizure of Iranian oil tanker was illegal and will be detrimental for Britain: Iran president Details
8Saudi Arabia aims to expand pipeline to reduce oil exports via Gulf Details
8Energy group Eni misses expectations with 27 per cent profit fall Details
8How Saudi Arabia is struggling to end its oil addiction Details
8Indonesia offers four new oil and gas blocks after roadshow - deputy minister Details
8Oil up on US economic data, Strait of Hormuz tanker dispute Details
8Oil falls after "constructive" talks on Iran's nuclear deal Details
You can also click on Newsclips for more   Details
For reference purposes the website carries here the following tenders:
8Supply of Infrared Camera for Optical Gas Imaging for detection of Natural Gas leakages along with Software for Analysis of findings Details
8Monitoring and Maintenance of Cathodic Protection System Details
8Design and commissioning of drag reducing additive injection skid for various pipeline locations Details
8Appointment of C&F operator cum secondary transporter at lubes depot Details
8Supply, Erection and Commissioning of Chain Conveyor System Details
8ARC for carrying out Instrumentation painting jobs Details
8Supply of Pipe Fittings Details
8Procurement of Compressor Spares Details
8Supply of Compressor Spares Details
8Three year Maintenance contract for HP Compressors Details
8Gas Sales from Kanjirangudi & Palk Bay Shallow fields Details
8Levelling and concreting of area alongside GSU 12, 13 & 14 units 26 Details
8Hiring of Services for Seismic job & Shot hole drilling Details
8Hiring of Annual Rate Contract for Load Testing & certification of lifting Tools & Tackles Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOC/ BPCL-GAIL M&A deal on govt’s agenda this fiscal Details
8Saudi oil minister stops by, India expresses concern over Strait of Hormuz Details
8Indian crew of Iran oil tanker 'safe' in Gibraltar Details
8Pradhan, Saudi oil minister discuss enhancing bilateral hydrocarbon cooperation Details
8DIPAM, Oil Ministry to discuss OVL listing soon Details
8Oil drops after poll points to slower global growth Details
8Belarus calls Transneft's decision on dirty oil compensation 'one-sided' Details
8Nigeria's state oil firm has not paid Eni's cash call payments for three months Details
8Oil steadies after global demand worries spark fall Details
8Old habits die hard: Saudi Arabia struggles to end oil addiction Details
You can also click on Newsclips for more   Details
Global Energy Ventures had signed up a much-touted HOA with Indian Oil for supply of CNG equivalent to 1.5 MMTPA of LNG in specialized new-build vessels but it looks like the company is nowhere near signing up a gas supply source to activate the HOA.
8The company had earlier identified Iran as a supply source but the plan unraveled after fresh sanctions were imposed
Click on Reports for more Details
Petroleum product consumption is correlated to general growth parameters in the country
8The fact that consumption fell in June by as much as 1.7% in comparison to the same month last year indicates an overall cooling of the economy. This is the second consecutive month of falling consumption, offtake fell by 1.5% in May
8A sharp fall of 7.1% in LPG consumption in June is a worrying sign as also a drop of 1.5% between April-June, 2019 in relation to the same period in the previous year. Given the government's claim of a pick up in domestic consumption following the success of PAHAL, where is the drop coming from? The drop in LPG consumption was the highest in the south at 9.5% in June. There is no explanation forthcoming from the government.
Click on Reports for more Details
The line pipe industry seems to be doing very well in India
8Make in India policies and robust demand have been positive developments
Click on Reports for a profile of the industry and the players involved in it Details
Ammonia-Urea Brownfield Project 
8Cost - Rs 6000 crore
8Project Event: Get the details of companies in the race for civil & structural works in one segment of the project
Click here for more details
Ammonia-Urea Energy Saving Project
8Cost - Rs 217 crore
8Project Event: The project is handled by Siemens, and for the long lead items delivery is ongoing. 60 % erecting & installation work has been completed, the project is likely to be commissioned in Nov 2019.
Click here for more details (Links available only through www.indianfertilizer.com) Details
Petronet MHB Ltd had posted an EOI for setting up the Hassan-Chitradurga product pipeline. The pipeline feed was meant to be piped in through a coastal input at Mangalore.
8The PNGRB website displayed the EOI, and sought comments from interested parties
Click on Details to find out more on what happened to the pipeline Details
8ONGC has awarded the contract for the TCR Bits to a drill bits International Private Limited for a bid price of Rs 3.1 crore.
8Two bidders were in the race Details
Megha Engineering & Infrastructure has run away with the contract to construct 27 onland rigs for ONGC
8Did the company bite more than it can chew?
Click on Details for more Details
GSPC attempts to sell its stake in some of its JV blocks will have to wait a little longer
8The bid deadline has been extended on lack of adequate response and time sought by bidders
Click on Details for more Details
8Dharmendra Pradhan has been provided with a private secretary not entirely of his own choice, it seems
8He has now to content with a man who has handpicked by his superiors
Click on Details for more Details
GAIL chairman B.C. Tripathi's five year tenure which will end on July 31, 2019
8Is he getting an extension till he reaches superannuation?
8Even as Tripathi fights for an extension, the ball has been set rolling to find a successor
Click on Details for more Details
A new director refineries has been appointed
8Two new independent directors have also been appointed Details
ONGC's is likely to award the Rs 1500 crore 50 well development drilling project in Godavari on-land PML block of KG Basin in East & West Godavari Districts of Andhra Pradesh to Vimta Labs Limited
8In the meanwhile, the baseline studies for the project are expected to be conducted next month.
8The company expects to get the EC for the project by the end of this year.
8Furthermore, drilling will be carried out using 3rd party rigs and is expected to commence by Q3 2020 but there is still an exercise on to figure out whether rigs already deployed in the area will be deployed or new rigs will be charter hired.
8Part of the programme involves the drilling of exploratory wells as per need to probe new prospects and these wells will be connected to nearest EPS/GCS if proved commercially viable. 
Click here for more details Details
Latest data seems to predict LNG prices staying low not just for the current or the next quarter but right up to 2020 or more as higher volumes from newly commissioned liquefaction plants hit the market in the face of tepid demand (see Reports for a projection of prices).
8There is now a huge divergence between spot and oil-indexed prices.
8The question now is how long will India continue to pay a high price for oil-indexed gas when the alternative is so much cheaper? 
8As the website has calculated, the average price of gas is still way too high, as on June end it was much over $8/mmbtu. The average price is at a 70% premium over the prevailing international gas price, and the differential is going out of the pockets of Indian consumers to those of the producers with whom the likes of Petronet LNG had struck long term oil-indexed deals. India's LNG import bill was $900 million in June, 2019.
8If a comparison is made of prevailing spot prices not with the average price that India is paying as of now but with oil-indexed prices, the differential will be 100%.
8Billions of dollars of gas buyers' money is going into paying for high cost gas. A big chunk of this bill is funded by the Indian government through subsidies to the fertilizer sector, a big consumer of oil-indexed gas. Prevailing spot gas prices can now fire up India's stranded gas power capacity, provided cheaper gas can pass through choke points in the Indian pipeline network to reach these plants.
8The time has come to go back to the negotiating table with the likes of Qatargas once again.
Click on Reports for more Details
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