All content in this website is sourced legitimately
Archives
All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.
Aug 2016
Pipavav Engineering and Offshore Construction Ltd is now in better shape after its takeover by the Anil Ambani group.
8And this has promoted ONGC to break the rules and extend a second tranche of interest bearing advance, amounting to Rs 40 crore, to the company so as to be able to somehow salvage the repair and modification of the Sagar Laxmi.
8The company under the previous management had earlier taken a similar loan but was unable to pay it back and the amount was deducted from running bills.
8The Reliance Group however seems to be keen on completing the project -- as well as the contract for OSVs -- and ONGC is supporting the effort by extending another loan despite the fact that provisions are not available for extending such a facility.
8What the extraordinary provision for Pipavav throws open is the possibility of other cash strapped contractors seeking a similar second second tranche of advance from ONGC in case they run into trouble.
8When precedents are set, it is easier for others to follow through.
Click on Reports for more Details
8And this has promoted ONGC to break the rules and extend a second tranche of interest bearing advance, amounting to Rs 40 crore, to the company so as to be able to somehow salvage the repair and modification of the Sagar Laxmi.
8The company under the previous management had earlier taken a similar loan but was unable to pay it back and the amount was deducted from running bills.
8The Reliance Group however seems to be keen on completing the project -- as well as the contract for OSVs -- and ONGC is supporting the effort by extending another loan despite the fact that provisions are not available for extending such a facility.
8What the extraordinary provision for Pipavav throws open is the possibility of other cash strapped contractors seeking a similar second second tranche of advance from ONGC in case they run into trouble.
8When precedents are set, it is easier for others to follow through.
Click on Reports for more Details
World over, there is always a symbiotic relationship between a country's shipbuilding industry and its domestic clients. Many countries enthusiastically promote indigenous ship building capabilities and India is no exception. Policies are framed in such a manner that the domestic industry gets the right of first refusal and other concessions.
8But the Pipavav story is one example of how not to build a country's ship building capability. The company just did not have the capacity and strength to match with its ambition.
8Pipavav was an example of swashbuckling entrepreneurship. The idea was to grab the big orders -- riding on the garb of promoting the domestic ship building capacity in the country -- at any cost and then figuring out later how to go about executing them.
8The result is a series of high value orders from ONGC that has cost the E&P major dearly in terms of cost and time over run.
ONGC must be questioned
8Questions are required to be raised on how the ONGC could have handed out Rs 1250 crore worth of orders in quick succession without conducting an exhaustive due diligence on the engineering and financial capacity of the yard or the company to deliver on them.
8Policy makers, particularly in the petroleum ministry, must be wary of the domestic shipping lobby.
8Pipavav was among the shipyards which lobbied hard with the powers that be for building indigenous LNG shipbuilding capabilities but, when the government yielded by pushing a reluctant Gas Authority of India Ltd (GAIL) to reserve one third of a its 12 vessel LNG purchase for the domestic industry, backed out after it had to put in a bid in collaboration with a foreign shipyard for the tender.
8All private sector shipyards turned their backs on the tender, leaving GAIL with the frightening commitment of offtaking 5.8 MMTPA of LNG cargoes from the US without a supporting transportation backbone.
8The latest projections are that there will be a shortfall of LNG vessels by the time GAIL's full LNG offtake commitment comes into play in 2018. And orders have not been placed yet for chartering hiring the cargoes.
Click on Reports for more Details
8But the Pipavav story is one example of how not to build a country's ship building capability. The company just did not have the capacity and strength to match with its ambition.
8Pipavav was an example of swashbuckling entrepreneurship. The idea was to grab the big orders -- riding on the garb of promoting the domestic ship building capacity in the country -- at any cost and then figuring out later how to go about executing them.
8The result is a series of high value orders from ONGC that has cost the E&P major dearly in terms of cost and time over run.
ONGC must be questioned
8Questions are required to be raised on how the ONGC could have handed out Rs 1250 crore worth of orders in quick succession without conducting an exhaustive due diligence on the engineering and financial capacity of the yard or the company to deliver on them.
8Policy makers, particularly in the petroleum ministry, must be wary of the domestic shipping lobby.
8Pipavav was among the shipyards which lobbied hard with the powers that be for building indigenous LNG shipbuilding capabilities but, when the government yielded by pushing a reluctant Gas Authority of India Ltd (GAIL) to reserve one third of a its 12 vessel LNG purchase for the domestic industry, backed out after it had to put in a bid in collaboration with a foreign shipyard for the tender.
8All private sector shipyards turned their backs on the tender, leaving GAIL with the frightening commitment of offtaking 5.8 MMTPA of LNG cargoes from the US without a supporting transportation backbone.
8The latest projections are that there will be a shortfall of LNG vessels by the time GAIL's full LNG offtake commitment comes into play in 2018. And orders have not been placed yet for chartering hiring the cargoes.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Job Services for GM & MT field survey in Narmada & Cambay Basins [ONGC] Details
8Supply of License, Basic Design Engineering Package and other related Services for Diesel Hydro-treating Unit, Haldia Refinery [IOC] Details
8Non-comprehensive Maintenance Contract for Gas Monitoring System provided at LPG Bottling Plant, Vizag [IOC] Details
8Reconditioning of Hydrocom Suction and Discharge Valves, Haldia Refinery [IOC] Details
8Support services during Rotary Equipments maintenance in Barauni Refinery [IOC] Details
8Installation and Commissioning of 100 CFM LPG Vapour Compressor at Kondapalli BP [IOC] Details
8Supply of Hydrogen Peroxide, Haldia Refinery [IOC] Details
8Providing additional water supply to Mukda Drill Site in Kothapeta Area of East Godavari District, Rajahmundry Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to save Rs 20,000 crore from new gas import deal with Qatar: PM Modi Details
8Cairn Energy raises resource estimate for Senegal oilfields Details
8Oil halts rally as market weighs chance of output freeze Details
8Iran says new oil contracts need more amendments Details
8Policy decisions to unlock Rs2.5 lk cr investment in oil & gas: Sashi Mukundan, Regional President and Country Head, India, BP Group Details
8BP India head says India can produce 10-15 tcf of gas by 2022 Details
8Cairn initiates arbitration to seek compensation from India Details
8Investments in hydrocarbon exploration, production to kick off in 18-24 months Details
8Oil & gas sector may see up to Rs 3L-cr investments by 2022 Details
8India coal-bed methane projects floundering Details
8IOC to raise Rs.12,000 cr via bonds Details
8Is the Kolkata-Jagdishpur pipeline choking out rivals? Details
You can also click on Newsclips for more Details
8Hiring of Job Services for GM & MT field survey in Narmada & Cambay Basins [ONGC] Details
8Supply of License, Basic Design Engineering Package and other related Services for Diesel Hydro-treating Unit, Haldia Refinery [IOC] Details
8Non-comprehensive Maintenance Contract for Gas Monitoring System provided at LPG Bottling Plant, Vizag [IOC] Details
8Reconditioning of Hydrocom Suction and Discharge Valves, Haldia Refinery [IOC] Details
8Support services during Rotary Equipments maintenance in Barauni Refinery [IOC] Details
8Installation and Commissioning of 100 CFM LPG Vapour Compressor at Kondapalli BP [IOC] Details
8Supply of Hydrogen Peroxide, Haldia Refinery [IOC] Details
8Providing additional water supply to Mukda Drill Site in Kothapeta Area of East Godavari District, Rajahmundry Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to save Rs 20,000 crore from new gas import deal with Qatar: PM Modi Details
8Cairn Energy raises resource estimate for Senegal oilfields Details
8Oil halts rally as market weighs chance of output freeze Details
8Iran says new oil contracts need more amendments Details
8Policy decisions to unlock Rs2.5 lk cr investment in oil & gas: Sashi Mukundan, Regional President and Country Head, India, BP Group Details
8BP India head says India can produce 10-15 tcf of gas by 2022 Details
8Cairn initiates arbitration to seek compensation from India Details
8Investments in hydrocarbon exploration, production to kick off in 18-24 months Details
8Oil & gas sector may see up to Rs 3L-cr investments by 2022 Details
8India coal-bed methane projects floundering Details
8IOC to raise Rs.12,000 cr via bonds Details
8Is the Kolkata-Jagdishpur pipeline choking out rivals? Details
You can also click on Newsclips for more Details
For reference purposes, the website carries here the full CAG analysis on the ‘Implementation of Pratyaksh Hastantrit Labh Yojana (PAHAL Scheme)’.
8The finding is that the reduction in subsidy payout of Rs 23, 316 crore during the period during April-December, 2015 -- a total outgo of Rs 12,084.24 crore as against Rs 35,400.46 crore during April 2014 to December 2014 -- was mainly on account of lower crude oil prices rather than reduced offtake of cylinders by consumers.
8Lower crude prices accounted for a reduction of subsidy of Rs 21,552 crore, while the effect on the same due to reduced offtake of cylinders by consumers worked out to only Rs 1,763.93 crore.
8The report also warned that a sharp increase in offtake of subsidized cylinders could point towards diversion to commercial use given the price differential between subsidized and non-subsidized LPG.
8The CAG has found many instances of multiple connections despite de-duplication efforts by oil marketing companies.
8Going by the number of complaints, the auditor has said that there is a possibility that a lot of genuine customers are possibly not receiving their subsidy payments.
8The only way to stem the problem is to effectively dis-incentivise diversion of non-subsidised domestic LPG cylinders to the commercial segment.
8Appropriate input control, data validation and strict oversight are essential at the distributor interface to ensure correctness of data entry at their end to improve the integrity of the consumer database and eliminate failed transactions arising from incorrect information.
Click on Reports for more Details
8The finding is that the reduction in subsidy payout of Rs 23, 316 crore during the period during April-December, 2015 -- a total outgo of Rs 12,084.24 crore as against Rs 35,400.46 crore during April 2014 to December 2014 -- was mainly on account of lower crude oil prices rather than reduced offtake of cylinders by consumers.
8Lower crude prices accounted for a reduction of subsidy of Rs 21,552 crore, while the effect on the same due to reduced offtake of cylinders by consumers worked out to only Rs 1,763.93 crore.
8The report also warned that a sharp increase in offtake of subsidized cylinders could point towards diversion to commercial use given the price differential between subsidized and non-subsidized LPG.
8The CAG has found many instances of multiple connections despite de-duplication efforts by oil marketing companies.
8Going by the number of complaints, the auditor has said that there is a possibility that a lot of genuine customers are possibly not receiving their subsidy payments.
8The only way to stem the problem is to effectively dis-incentivise diversion of non-subsidised domestic LPG cylinders to the commercial segment.
8Appropriate input control, data validation and strict oversight are essential at the distributor interface to ensure correctness of data entry at their end to improve the integrity of the consumer database and eliminate failed transactions arising from incorrect information.
Click on Reports for more Details
ONGC's Rs 34,000 crore splash in the KG-DWN-98/2 will witness first gas in 2019 while crude oil production will begin a year later. The peak gas production from the field will yield an output of 16.30 mmscmd of gas and 77,000 barrels of oil.
8Full details of oil and gas discoveries made in 2015-16
8Ultimate reserves accretion by ONGC in the last five years
8ONGC's full production slate for the last two years along with value
8Names of projects completed and brought to production, investment involved and envisaged production gain.
8List of indigenization measures undertaken recently by the company, including details of recent acquisition of workover rigs from BHEL
8A full listing of recent HSE steps taken by ONGC
8Full listing of environment friendly measures undertaken by ONGC and likely to undertake in the future, including installation of LP gas compressor packages to reduce flate gas, new wind power projects, replacement of MOL pumps, among others, and business opportunities resulting from them.
8A complete listing of R&D projects undertaken by ONGC in the last one year and the possible business development opportunities in this area.
Click on Reports for more Details
8Full details of oil and gas discoveries made in 2015-16
8Ultimate reserves accretion by ONGC in the last five years
8ONGC's full production slate for the last two years along with value
8Names of projects completed and brought to production, investment involved and envisaged production gain.
8List of indigenization measures undertaken recently by the company, including details of recent acquisition of workover rigs from BHEL
8A full listing of recent HSE steps taken by ONGC
8Full listing of environment friendly measures undertaken by ONGC and likely to undertake in the future, including installation of LP gas compressor packages to reduce flate gas, new wind power projects, replacement of MOL pumps, among others, and business opportunities resulting from them.
8A complete listing of R&D projects undertaken by ONGC in the last one year and the possible business development opportunities in this area.
Click on Reports for more Details
There is still a reasonable level of business development opportunities available in Rs 48,000 crore of oil and gas projects approved by ONGC's Board in 2015-16.
8As a business development manger, are you keeping track of all of these ONGC projects?
8For reference purposes, the website carries here the details of the seven major development projects, with investments ranging from Rs 34,000 crore in the KG-DWN-98/2 to Rs 390 crore allocated for the development of the 8Madanam field in the NELP-IV block CY-ONN-2002/2 block, in which ONGC has a 60% share.
Click on Reports for more Details
8As a business development manger, are you keeping track of all of these ONGC projects?
8For reference purposes, the website carries here the details of the seven major development projects, with investments ranging from Rs 34,000 crore in the KG-DWN-98/2 to Rs 390 crore allocated for the development of the 8Madanam field in the NELP-IV block CY-ONN-2002/2 block, in which ONGC has a 60% share.
Click on Reports for more Details
Traditional management consultancies continue to grab oil and gas contracts in ONGC.
8Deloitte picked up a deal for road blocks and challenges in the Make in India programme. The consultants are required to do a study, interview stakeholders and submit a report
8Then again, KPMG picked up a contact to do a detailed study on the creation of a Petroleum Economic Zone in India.
8The big consultants in the global oil and gas industry have set up India centered teams but they are fighting to gain a foothold because of the stranglehold of existing general management consultancy firms, such as Deloitte, KPMG, E&P and PWC.
8There is no doubt that specialist consultants deliver more value than general consultancies because of their domain specific knowledge.
8ONGC will need to change the BEC criteria for some of the consultancy contracts in order to be able to attract the best talent in the business.
8Its inability to get the right consultant for the right job has been one of the primary reasons why the company has not been able to build core competencies in some areas of its operations.
Click on Reports for more Details
8Deloitte picked up a deal for road blocks and challenges in the Make in India programme. The consultants are required to do a study, interview stakeholders and submit a report
8Then again, KPMG picked up a contact to do a detailed study on the creation of a Petroleum Economic Zone in India.
8The big consultants in the global oil and gas industry have set up India centered teams but they are fighting to gain a foothold because of the stranglehold of existing general management consultancy firms, such as Deloitte, KPMG, E&P and PWC.
8There is no doubt that specialist consultants deliver more value than general consultancies because of their domain specific knowledge.
8ONGC will need to change the BEC criteria for some of the consultancy contracts in order to be able to attract the best talent in the business.
8Its inability to get the right consultant for the right job has been one of the primary reasons why the company has not been able to build core competencies in some areas of its operations.
Click on Reports for more Details
ONGC has got big plans to establish desalinization treatment plans across its offshore assets
8Feasibility studies are currently on.
8There are likely business development opportunities available in this segment as a consequence over the next one to three year horizon.
8One 20 MLD sea water desalinization plant is already in the offing.
Click on Reports for more Details
8Feasibility studies are currently on.
8There are likely business development opportunities available in this segment as a consequence over the next one to three year horizon.
8One 20 MLD sea water desalinization plant is already in the offing.
Click on Reports for more Details
The website lists here a total of 20 different technology absorption programmes undertaken by ONGC in recent times
8There is also a listing of 30 different types of technology that ONGC had imported recently.
8There are business development opportunities available in some of these segments as only pilot projects have been undertaken so far.
8For example, Proppant Hydrofracturing has been employed successfully in the Western Offshore asset and it is now to be deployed in ONGC's other assets
8There are multiple suppliers available globally in many of the new technology absorptions now underway in ONGC.
8Business development activities focused around these areas will provide good returns to vendors and agents.
Click on Reports for more Details
8There is also a listing of 30 different types of technology that ONGC had imported recently.
8There are business development opportunities available in some of these segments as only pilot projects have been undertaken so far.
8For example, Proppant Hydrofracturing has been employed successfully in the Western Offshore asset and it is now to be deployed in ONGC's other assets
8There are multiple suppliers available globally in many of the new technology absorptions now underway in ONGC.
8Business development activities focused around these areas will provide good returns to vendors and agents.
Click on Reports for more Details
Those companies willing to hawk Underground Coal Gasification technology will find a big opportunity in ONGC's plans to significantly push up investments in this area.
8An R&D pilot project is currently on in the Vastan mine block
8But in collaboration with Nyvelli Lignite Corporation, ONGC has identified several other mines where projects will be carried out in Gujarat and Rajasthan
Click on Reports for more Details
8An R&D pilot project is currently on in the Vastan mine block
8But in collaboration with Nyvelli Lignite Corporation, ONGC has identified several other mines where projects will be carried out in Gujarat and Rajasthan
Click on Reports for more Details
The website elaborates here 20 different reasons why the City Gas Distribution (CGD) is the new growth segment in India.
8The argument also substantiates the view that India's gas economy is likely to surge ahead in the future.
Click on Reports for all the data and arguments that makes out a compelling case for investing in gas sector related assets in India Details
8The argument also substantiates the view that India's gas economy is likely to surge ahead in the future.
Click on Reports for all the data and arguments that makes out a compelling case for investing in gas sector related assets in India Details
What is RIL future E&P strategy?
8Given that its priorities are in telecom, refining, petrochemicals and retail, the present strategy seems to be preserve cash and keep the opportunity to ramp up oil and gas production when prices improve.
8This is the reason why the company does not seem to be in a tearing hurry to invest at this juncture.
8The point to note however is that RIL is still sitting on significant oil and gas assets.
8One estimate says that company's E&P fields have reserves worth 6.22 tcf as of now.
Click on Reports to find out more on where the company's E&P assets stand in terms of valuation in relation to its other assets Details
8Given that its priorities are in telecom, refining, petrochemicals and retail, the present strategy seems to be preserve cash and keep the opportunity to ramp up oil and gas production when prices improve.
8This is the reason why the company does not seem to be in a tearing hurry to invest at this juncture.
8The point to note however is that RIL is still sitting on significant oil and gas assets.
8One estimate says that company's E&P fields have reserves worth 6.22 tcf as of now.
Click on Reports to find out more on where the company's E&P assets stand in terms of valuation in relation to its other assets Details
ONGC's last Category 1 DP rig tender saw a lot of bidders, including a bidder from China.
8But the Chinese offer was rejected as also an offer by Ratnamani Oil Field Services Pvt Ltd
8In all, 10 rigs were short listed and eventually the contract went to Aban Abraham Pte, Singapore.
8Find out more on what the other offers were all about.
8Also get a breakdown of the actual day rates for the Aban Abraham
Click on Details Details
8But the Chinese offer was rejected as also an offer by Ratnamani Oil Field Services Pvt Ltd
8In all, 10 rigs were short listed and eventually the contract went to Aban Abraham Pte, Singapore.
8Find out more on what the other offers were all about.
8Also get a breakdown of the actual day rates for the Aban Abraham
Click on Details Details
The RIL-BP combine has come out with a development drilling programme for monetizing its discoveries in the KG Basin.
8But drilling is not happening anytime soon.
8In fact, the duo have put forward a unique proposition for hiring offshore rigs in a meeting recently with rig suppliers.
8The offer from the combine has stumped suppliers. The operator combine however claims that there is good logic behind their offer.
8Is the new charter hire concept put forward by the RIL-BP consortium for hiring deepwater rigs a practical one?
Click on Details to find out more Details
8But drilling is not happening anytime soon.
8In fact, the duo have put forward a unique proposition for hiring offshore rigs in a meeting recently with rig suppliers.
8The offer from the combine has stumped suppliers. The operator combine however claims that there is good logic behind their offer.
8Is the new charter hire concept put forward by the RIL-BP consortium for hiring deepwater rigs a practical one?
Click on Details to find out more Details
The website carries here an analysis that calls for Canadian oil and gas companies to invest in India instead of Canada!
8The paper claims that Canada is currently choking in oil, and it has nowhere to take it, except through old pipeline routes to the US. The US meanwhile requires less and less of Canadian supplies.
8Then again, new LNG projects in Canada are stuck and there is a surplus of talent, experience and equipment in Canada which is now looking for redeployment.
8On the other hand, the Indian oil and gas industry is short of experienced project managers, short in technology and behind in implementing IOR and EOR schemes.
8More importantly, the policy environment has changed. Juxtaposed against this is the huge increase in demand for hydrocarbons in the foreseeable future.
8The open acreage mechanism can provide the basis for innovative commercial ventures between Canadian and Indian companies, the paper goes on to say.
8The future in India may see direct farm outs from ONGC and OIL and risk contracts culminating in shared production or revenue.
8The trend towards award of mature fields may continue. There will be opportunities too in IOR and EOR projects, the paper predicts
Click on Reports for more Details
8The paper claims that Canada is currently choking in oil, and it has nowhere to take it, except through old pipeline routes to the US. The US meanwhile requires less and less of Canadian supplies.
8Then again, new LNG projects in Canada are stuck and there is a surplus of talent, experience and equipment in Canada which is now looking for redeployment.
8On the other hand, the Indian oil and gas industry is short of experienced project managers, short in technology and behind in implementing IOR and EOR schemes.
8More importantly, the policy environment has changed. Juxtaposed against this is the huge increase in demand for hydrocarbons in the foreseeable future.
8The open acreage mechanism can provide the basis for innovative commercial ventures between Canadian and Indian companies, the paper goes on to say.
8The future in India may see direct farm outs from ONGC and OIL and risk contracts culminating in shared production or revenue.
8The trend towards award of mature fields may continue. There will be opportunities too in IOR and EOR projects, the paper predicts
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Consultancy Services for evaluation of contract areas of Discovered Small Fields Bid Round-2016 [IOC] Details
8AMC for repair and calibration of Multigas Detectors, Western Region Pipelines [IOC] Details
8Carrying out Civil and Mechanical jobs for replacement of damaged underground CBD pipelines, Haldia Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices stable after falls Details
8After Reliance, Essar Oil too keen on subsidised LPG supply Details
8Government aims to provide 5-crore LPG connections within 3 years: PM Narendra Modi Details
8Oil, gas industry to lose out heavily from GST: Icra Details
8Petrol prices cut by Rs 1/litre, diesel by Rs 2 Details
8ONGC scraps plans to relax rig hire norms Details
86,900 km gas pipelines to connect Bangladesh, Myanmar, India Details
8West Bengal to get Rs 3000 crore investments: Dharmendra Pradhan Details
8L&T Hydrocarbon eyes $1 billion worth projects in offshore business Details
8Tax row: Vedanta names James Spigelman to represent its case Details
8Why GST would impact the oil industry negatively? Details
8Australia's gas paradox: supply crunch looms despite rich reserves Details
8Oil hits August high on potential producer action to prop up market Details
8India's Iran oil imports rise to five-year high in July -tanker data Details
8Oil prices firm on potential producer action to prop up market Details
8PSU oil cos book 60% floating terminal capacity of Swan Energy Details
8SC lifts ban on sale of diesel cars, SUVs above 2000cc in Delhi-NCR Details
8Only Rs 1,764 cr subsidy saved by DBT scheme on LPG: CAG Details
8Oil flatlines after talk of possible exporter moves to prop up price Details
8Direct LPG subsidy savings only 15 per cent of government claim: CAG Details
8ICRA says GST to have negative impact on oil and gas industry; may hurt profitability Details
8CAG attributes slide in LPG subsidy to cheaper oil Details
8ONGC, partners to invest Rs 823 crore for gas in Bokaro block Details
You can also click on Newsclips for more Details
8Consultancy Services for evaluation of contract areas of Discovered Small Fields Bid Round-2016 [IOC] Details
8AMC for repair and calibration of Multigas Detectors, Western Region Pipelines [IOC] Details
8Carrying out Civil and Mechanical jobs for replacement of damaged underground CBD pipelines, Haldia Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices stable after falls Details
8After Reliance, Essar Oil too keen on subsidised LPG supply Details
8Government aims to provide 5-crore LPG connections within 3 years: PM Narendra Modi Details
8Oil, gas industry to lose out heavily from GST: Icra Details
8Petrol prices cut by Rs 1/litre, diesel by Rs 2 Details
8ONGC scraps plans to relax rig hire norms Details
86,900 km gas pipelines to connect Bangladesh, Myanmar, India Details
8West Bengal to get Rs 3000 crore investments: Dharmendra Pradhan Details
8L&T Hydrocarbon eyes $1 billion worth projects in offshore business Details
8Tax row: Vedanta names James Spigelman to represent its case Details
8Why GST would impact the oil industry negatively? Details
8Australia's gas paradox: supply crunch looms despite rich reserves Details
8Oil hits August high on potential producer action to prop up market Details
8India's Iran oil imports rise to five-year high in July -tanker data Details
8Oil prices firm on potential producer action to prop up market Details
8PSU oil cos book 60% floating terminal capacity of Swan Energy Details
8SC lifts ban on sale of diesel cars, SUVs above 2000cc in Delhi-NCR Details
8Only Rs 1,764 cr subsidy saved by DBT scheme on LPG: CAG Details
8Oil flatlines after talk of possible exporter moves to prop up price Details
8Direct LPG subsidy savings only 15 per cent of government claim: CAG Details
8ICRA says GST to have negative impact on oil and gas industry; may hurt profitability Details
8CAG attributes slide in LPG subsidy to cheaper oil Details
8ONGC, partners to invest Rs 823 crore for gas in Bokaro block Details
You can also click on Newsclips for more Details
For reference purposes, the website carries here the following data related to CBM:
8State-wise distribution of CBM resources and reserves established
8CBM blocks under development phase: GIIP and recoverable reserves
8Status of 33 CBM allocated so far
8Details of CBM blocks under development and production, exploration and relinquished in terms of CBM round, state, block and contractor PI, area and status.
8List of clearances required to get a CBM block operational
8Estimated recovery factor for each CBM block under development
8Reasons for relinquishment of blocks
8Block-wise CBM gas production since inception
8Monthwise, Blockwise CBM gas production in 2016-17 (till June)
8Production projection from CBM blocks till 2017-18
8Details of work carried out, current status and remarks on ONGC's CBM blocks
8Year-wise investment made by ONGC in four active CBM blocks
Click on Reports for more Details
8State-wise distribution of CBM resources and reserves established
8CBM blocks under development phase: GIIP and recoverable reserves
8Status of 33 CBM allocated so far
8Details of CBM blocks under development and production, exploration and relinquished in terms of CBM round, state, block and contractor PI, area and status.
8List of clearances required to get a CBM block operational
8Estimated recovery factor for each CBM block under development
8Reasons for relinquishment of blocks
8Block-wise CBM gas production since inception
8Monthwise, Blockwise CBM gas production in 2016-17 (till June)
8Production projection from CBM blocks till 2017-18
8Details of work carried out, current status and remarks on ONGC's CBM blocks
8Year-wise investment made by ONGC in four active CBM blocks
Click on Reports for more Details
For reference purposes, the website carries further details on pricing of CBM by GEECL and Essar Oil Ltd
The following data is carried here:
8Customer-wise price paid for gas produced by GEECL. The highest price paid was $13.73/mmbtu while the lowest price paid was $8.20/mmbtu.
8Surprisingly, Essar charges a price of only $3.40/mmbtu from its customers, the list of which is carried here.
8Clearly, the divergence is very wide indeed.
8And the government is now claiming that it will plug the loopholes that have allowed for such wide variation in pricing.
Click on Reports for more Details
The following data is carried here:
8Customer-wise price paid for gas produced by GEECL. The highest price paid was $13.73/mmbtu while the lowest price paid was $8.20/mmbtu.
8Surprisingly, Essar charges a price of only $3.40/mmbtu from its customers, the list of which is carried here.
8Clearly, the divergence is very wide indeed.
8And the government is now claiming that it will plug the loopholes that have allowed for such wide variation in pricing.
Click on Reports for more Details
The huge variation in the cost of production of different operators has caught the attention of the government and it is now working on a new pricing policy for CBM.
8GEECL's cost of production is slated to be a massive $10.10/mmbtu
8In comparison, Essar's cost of production is a mere $ 3.12/mmbtu
8Essar is selling CBM at $3.06/mmbtu whereas GEECL is selling it at an average of $10.45/mmbtu.
8Such wide variation in prices will not be allowed, the ministry said and a new policy will be announced soon.
Click on Reports for more Details
8GEECL's cost of production is slated to be a massive $10.10/mmbtu
8In comparison, Essar's cost of production is a mere $ 3.12/mmbtu
8Essar is selling CBM at $3.06/mmbtu whereas GEECL is selling it at an average of $10.45/mmbtu.
8Such wide variation in prices will not be allowed, the ministry said and a new policy will be announced soon.
Click on Reports for more Details
Yasmine Hilton was appointed as Chairman of Shell India in October 2012 and her term is coming to an end this month.
8Was it a successful tenure? Or was it not?
8Hilton said that India's E&P prospectivety was still an unknown factor on account of lack of adequate data.
8And while India has its opportunities, the challenges are daunting too.
Click on Reports to find out more on what she had to say at the end of her tenure. Details
8Was it a successful tenure? Or was it not?
8Hilton said that India's E&P prospectivety was still an unknown factor on account of lack of adequate data.
8And while India has its opportunities, the challenges are daunting too.
Click on Reports to find out more on what she had to say at the end of her tenure. Details
Highly placed Transocean sources told this website that it had to work very hard indeed to eventually bag a charter hire contract for the rig, Jack Bates from ONGC.
8The company quoted low in comparison to its main competitor, seeking to deploy the rig without asking for a mobilization fee.
8But the ONGC brass stalled the deal, claiming that it will wait for another rig tender, under the 1500 metre DP category, before deciding on whether the price quoted by Transocean was reasonable or not.
Click on Details to know how the Transocean team, speaking to this website, said it eventually swung the deal by pointing out that it wasn't right for ONGC to compare the prices in two different rig categories. Details
8The company quoted low in comparison to its main competitor, seeking to deploy the rig without asking for a mobilization fee.
8But the ONGC brass stalled the deal, claiming that it will wait for another rig tender, under the 1500 metre DP category, before deciding on whether the price quoted by Transocean was reasonable or not.
Click on Details to know how the Transocean team, speaking to this website, said it eventually swung the deal by pointing out that it wasn't right for ONGC to compare the prices in two different rig categories. Details
For reference purposes the website carries here the following tenders:
8EOI for provision of Support Vessel for Acid Campaign at Ravva Block [CAIRN] Details
8External Agency to carry out compressed air & N2 leak detection survey, Barauni Refinery [IOC] Details
8Supply of Portable Multi-Gas Detectors with Four and Five Sensors, Gujarat Refinery [IOC] Details
8Hiring of Electrical Services in Oil & Gas production installations, Assam [OIL] Details
8Carrying out miscellaneous Civil works during drilling period in Nambar Area, Assam [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Dharmendra Pradhan to launch LPG scheme for BPL households in West Bengal Details
8India explores sourcing crude oil from its Russian fields Details
8IEA sees oil markets slowly tightening after months of oversupply Details
8World stocks diverge on oil market focus Details
8Oil prices fall on U.S. crude inventory build, record Saudi output Details
8Oman says new refinery capacity to cut crude oil exports Details
8PIL against auction of oil fields Details
8Coal India asks government to levy environment tax on pet coke Details
8NMDC awarded EPC contract for Indian LNG terminal Details
8Assam yet to get Rs 11,591.72 cr from OIL,ONGC for crude oil royalty and interest: Minister Details
8Oil India wants to develop a major oil belt in Rajasthan: Utpal Bora Details
8Saudi minister: Algeria meeting may discuss stabilising oil market Details
8Oil ministry dispatches petrol to Tripura to mitigate fuel crisis Details
You can also click on Newsclips for more Details
8EOI for provision of Support Vessel for Acid Campaign at Ravva Block [CAIRN] Details
8External Agency to carry out compressed air & N2 leak detection survey, Barauni Refinery [IOC] Details
8Supply of Portable Multi-Gas Detectors with Four and Five Sensors, Gujarat Refinery [IOC] Details
8Hiring of Electrical Services in Oil & Gas production installations, Assam [OIL] Details
8Carrying out miscellaneous Civil works during drilling period in Nambar Area, Assam [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Dharmendra Pradhan to launch LPG scheme for BPL households in West Bengal Details
8India explores sourcing crude oil from its Russian fields Details
8IEA sees oil markets slowly tightening after months of oversupply Details
8World stocks diverge on oil market focus Details
8Oil prices fall on U.S. crude inventory build, record Saudi output Details
8Oman says new refinery capacity to cut crude oil exports Details
8PIL against auction of oil fields Details
8Coal India asks government to levy environment tax on pet coke Details
8NMDC awarded EPC contract for Indian LNG terminal Details
8Assam yet to get Rs 11,591.72 cr from OIL,ONGC for crude oil royalty and interest: Minister Details
8Oil India wants to develop a major oil belt in Rajasthan: Utpal Bora Details
8Saudi minister: Algeria meeting may discuss stabilising oil market Details
8Oil ministry dispatches petrol to Tripura to mitigate fuel crisis Details
You can also click on Newsclips for more Details
Well placed industry sources told this website that a consortium of Sai Rama Engineering and Megha Engineering has bagged a contract for upgradation of the fire fighting system for the Mehsana CTF and the Santhal and North Kadi GCS cum CTF.
8The consortium has outbid the competition by a very wide margin.
Click on Details for more Details
8The consortium has outbid the competition by a very wide margin.
Click on Details for more Details
8The latest cargo from RasGas was priced at $ 6.91/mmbtu.
8The point to note is that there are two different sets of long term RasGas cargoes coming into India and there is a big enough price differential between the two.
Click on Details to find out more Details
8The point to note is that there are two different sets of long term RasGas cargoes coming into India and there is a big enough price differential between the two.
Click on Details to find out more Details
Even as RasGas prices continue to inch towards the $6.91/mmbtu mark, LNG cargoes are quietly coming in at Shell's terminal in Hazira at a much lower price.
8The competition's cargoes are coming in mostly from Equatorial Guinea.
Click on Details to find out more Details
8The competition's cargoes are coming in mostly from Equatorial Guinea.
Click on Details to find out more Details
The website carries here data that has been collated by sources from the Export Import Bank of India, PPAC and others on
8Total amount of LNG imported into the country in the last two years
8LNG volumes imported by the public and the private sector
8Value of LNG imports
8Annual levels of natural gas produced in the country
8Total gas supply in the country
Click on Reports for more Details
8Total amount of LNG imported into the country in the last two years
8LNG volumes imported by the public and the private sector
8Value of LNG imports
8Annual levels of natural gas produced in the country
8Total gas supply in the country
Click on Reports for more Details
There is a lot of commonality between equipment supplies in the oil and gas sector and the fertilizer sector.
8For the first time in three decades, there is a spate of new Rs 5000 to Rs 6000 crore ammonia urea units coming up.
8The standard size is 2620 TPD of urea riding on an ammonia capacity of 1500 TPD.
8Project time schedule is usually 36 months
8Find out more about what kind of equipment and services are needed in a typical ammonia-urea plant.
Full details are given on one such plant where RFQs are likely within the next one year in terms of:
-- Names of the big process licensors in this business
-- The main equipment requirements
-- Power requirement
-- Offsite requirements
-- Cost economics of such large sized plants
-- Gas and other raw material requirements
Those companies or consultants willing to diversify their business into fertilizers must start thinking about it seriously. Business worth Rs 40,000 crore is in the offing in the next one to two years. Some RFQs have already been floated and finalized.
Click on Reports to find out more. Details
8For the first time in three decades, there is a spate of new Rs 5000 to Rs 6000 crore ammonia urea units coming up.
8The standard size is 2620 TPD of urea riding on an ammonia capacity of 1500 TPD.
8Project time schedule is usually 36 months
8Find out more about what kind of equipment and services are needed in a typical ammonia-urea plant.
Full details are given on one such plant where RFQs are likely within the next one year in terms of:
-- Names of the big process licensors in this business
-- The main equipment requirements
-- Power requirement
-- Offsite requirements
-- Cost economics of such large sized plants
-- Gas and other raw material requirements
Those companies or consultants willing to diversify their business into fertilizers must start thinking about it seriously. Business worth Rs 40,000 crore is in the offing in the next one to two years. Some RFQs have already been floated and finalized.
Click on Reports to find out more. Details
It looks like the government's search for a strategic investor to pump in crude in India's new strategic oil reserves caverns seems to have been unsuccessful.
8Fresh resources to the tune of Rs 1000 crore has been allocated to Indian Strategic Petroleum Reserves Limited (ISPRL) to buy crude to fill up the caverns.
Click on Reports to find out more Details
8Fresh resources to the tune of Rs 1000 crore has been allocated to Indian Strategic Petroleum Reserves Limited (ISPRL) to buy crude to fill up the caverns.
Click on Reports to find out more Details
India has a total of 35 MMTPA of ongoing refinery expansion projects in the public sector.
8The cost of setting up this capacity totals up to Rs 100,000 crore
8That's a lot of money by any yardstick
The website carries here the following details:
-- Company wise refinery wise expansion capacity currently in hand
-- Anticipated investment
8As a business development manager, are you aware of each of these expansions?
Click on Reports to find out more Details
8The cost of setting up this capacity totals up to Rs 100,000 crore
8That's a lot of money by any yardstick
The website carries here the following details:
-- Company wise refinery wise expansion capacity currently in hand
-- Anticipated investment
8As a business development manager, are you aware of each of these expansions?
Click on Reports to find out more Details
RFQs are likely soon for construction of underground storage tanks for ethanol and bio-diesel.
8The product will be unloaded through trucks and then stored before being loaded again.
8The usual fire fighting equipment will be needed for the facility.
Click on Reports for more information, including the cost of the project Details
8The product will be unloaded through trucks and then stored before being loaded again.
8The usual fire fighting equipment will be needed for the facility.
Click on Reports for more information, including the cost of the project Details
From now on, it looks like small local consultancies will no longer be able to bid for high technology service contracts based on just an MOU with a qualifying foreign collaborator.
8ONGC sources said that instructions have been sent to change this clause in the Bid Evaluation Criteria in all such jobs.
8What is more, the qualifying conditions will no longer be allowed to be loosely formulated to allow everyone to qualify.
Click on Details for more Details
8ONGC sources said that instructions have been sent to change this clause in the Bid Evaluation Criteria in all such jobs.
8What is more, the qualifying conditions will no longer be allowed to be loosely formulated to allow everyone to qualify.
Click on Details for more Details
Rightfully, ONGC is now increasingly focusing on hiring the right consultant for the right job.
8And if a tender does not throw up the candidate of its choice, the tender itself is scrapped, or other means are deployed to focus in on the right choice.
8This is a welcome development.
8To begin with, let's look at the hiring of Rider Scott of Houston to carry out third party independent studies on GSPC's HPHT tight oil fields in the KG-OSN-2001/3. The company will map the complex geology of the block and provide a solution to optimize well completions and operations.
8Rider Scott has been told to deploy the most advanced technologies available in the world if necessary. GSPC has spent Rs 14,641 crore on the Deen Dayal West field and yet production is still at the "testing" stage, at 0.5 msmcmd.
8The US based specialist company company was not interested in the job at all and refused to entertain ONGC's single tender RFQ despite repeated entreaties, according to those in the know in ONGC.
8But the Indian E&P major relaxed all its major tender conditionalities to woo the consultant for the job.
8Eventually, Rider Scott was hired at conditions dictated by it and not by ONGC, highly placed sources in ONGC told this website.
8Find out more on the tender conditions that ONGC had to give up to hire the company. Also find out what was the cost of the contract.
Click on Reports for more Details
8And if a tender does not throw up the candidate of its choice, the tender itself is scrapped, or other means are deployed to focus in on the right choice.
8This is a welcome development.
8To begin with, let's look at the hiring of Rider Scott of Houston to carry out third party independent studies on GSPC's HPHT tight oil fields in the KG-OSN-2001/3. The company will map the complex geology of the block and provide a solution to optimize well completions and operations.
8Rider Scott has been told to deploy the most advanced technologies available in the world if necessary. GSPC has spent Rs 14,641 crore on the Deen Dayal West field and yet production is still at the "testing" stage, at 0.5 msmcmd.
8The US based specialist company company was not interested in the job at all and refused to entertain ONGC's single tender RFQ despite repeated entreaties, according to those in the know in ONGC.
8But the Indian E&P major relaxed all its major tender conditionalities to woo the consultant for the job.
8Eventually, Rider Scott was hired at conditions dictated by it and not by ONGC, highly placed sources in ONGC told this website.
8Find out more on the tender conditions that ONGC had to give up to hire the company. Also find out what was the cost of the contract.
Click on Reports for more Details
That ONGC is going about seeking the right candidate for the right job is also evident from the fact that the company decided to cancel a tender -- in which it received a total of 11 bids -- for a pre-award consultancy for ordering 5 CSU Off Gas Compressor Trains and augmentation of one Slug Catcher and replacement of another in its Uran Plant.
8The company found, according to sources, all but one bid to be technically acceptable but ran into trouble when one of the rejected bidder went to an Independent External Monitor (IEM) for a review of the decision.
8Others among the 10 rejected bidders were also gearing up to take similar action.
Click on Reports to find out more on what really happened and who won the bid and why a fresh tender was sought Details
8The company found, according to sources, all but one bid to be technically acceptable but ran into trouble when one of the rejected bidder went to an Independent External Monitor (IEM) for a review of the decision.
8Others among the 10 rejected bidders were also gearing up to take similar action.
Click on Reports to find out more on what really happened and who won the bid and why a fresh tender was sought Details
For ONGC, finding a suitable consultant is an extremely difficult job.
8For complex consultancy work, the problem is local companies with little expertise can qualify technically.
8This is because the standard tender conditions say that a company can qualify on the basis of a technical agreement with another company, particularly with a foreign company with the necessary expertise.
8So all that a local entrepreneur has to do is to find the right foreign company and get into a technical consultancy with it.
8Will ONGC now change the qualification criteria for consultants?
Click on Details to find out more on what ONGC sources told this website Details
8For complex consultancy work, the problem is local companies with little expertise can qualify technically.
8This is because the standard tender conditions say that a company can qualify on the basis of a technical agreement with another company, particularly with a foreign company with the necessary expertise.
8So all that a local entrepreneur has to do is to find the right foreign company and get into a technical consultancy with it.
8Will ONGC now change the qualification criteria for consultants?
Click on Details to find out more on what ONGC sources told this website Details
Numaligarh refinery's expansion plan has been pegged at a staggering Rs 22,000 crore.
8The figure is up from Rs 20,000 crore sought earlier.
8The project is viable only if large subsidies are given by the government.
8A one time capital subsidy of Rs 9000 crore has been sought along with recurring excise duty sops, including a full waiver of excise duty.
8The petroleum ministry however has expressed reservations about its ability to get the subsidy approved from the ministry of finance and the ministry of industry
Click on Details for more Details
8The figure is up from Rs 20,000 crore sought earlier.
8The project is viable only if large subsidies are given by the government.
8A one time capital subsidy of Rs 9000 crore has been sought along with recurring excise duty sops, including a full waiver of excise duty.
8The petroleum ministry however has expressed reservations about its ability to get the subsidy approved from the ministry of finance and the ministry of industry
Click on Details for more Details
The website carries here the following briefs:
8Changes in the selection criteria for retail outlets and LPG distributorships
8Salient features of the recent MOU between India and US in the hydrocarbon sector
8Monthwise average price of the Indian basket of crude
8Status of GSPL's Mehsana-Bhatinda pipeline
8Status on the roadmap for use of CNG in two wheelers in Delhi and average quantity of CNG used for powering vehicles in India
8Details on the new deadline set for the Ajit Prakash Shah Committee report on the dispute between RIL and ONGC in the KG Basin
Status-wise status of existing CGD infrastructure in terms of
-- Name of state
-- Name of the entity
-- PNG domestic coverage
-- PNG industrial coverage
-- PNG commercial coverage
-- CNG stations built
Click on Reports for more Details
8Changes in the selection criteria for retail outlets and LPG distributorships
8Salient features of the recent MOU between India and US in the hydrocarbon sector
8Monthwise average price of the Indian basket of crude
8Status of GSPL's Mehsana-Bhatinda pipeline
8Status on the roadmap for use of CNG in two wheelers in Delhi and average quantity of CNG used for powering vehicles in India
8Details on the new deadline set for the Ajit Prakash Shah Committee report on the dispute between RIL and ONGC in the KG Basin
Status-wise status of existing CGD infrastructure in terms of
-- Name of state
-- Name of the entity
-- PNG domestic coverage
-- PNG industrial coverage
-- PNG commercial coverage
-- CNG stations built
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Project Management Consultancy Services for LPG Import facility at Haldia [BPCL] Details
8Carrying out Chemical Decontamination Works during CDU II Unit Turnaround, Kochi Refinery [BPCL] Details
8Procurement of line pipes for Gorakhpur Spurline of Phulpur Haldia Pipeline Project [GAIL] Details
8Carrying out various Mechanical, Piping and Insulation works, Mumbai [BPCL] Details
8Hydro Jet cleaning of various heat exchangers, Vijaipur [GAIL] Details
8Consultancy services for conducting risk analysis, EIA study and obtaining environmental clearance for proposed additional tankages, Rajasthan [IOC] Details
8Supply of Complete Rotating Assembly, Barauni Refinery [IOC] Details
8Purchase of Portable Ultrasonic Liquid Flow Meters, Assam Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil well blown up in northern Iraq, North Oil says Details
8GE, L&T sign MoU to manufacture subsea equipment for deep water projects in KG basin Details
8India’s Bio-fuel market will grow to Rs 1 lakh crore over the next decade, says Pradhan Details
8Government to align ethanol price with global market Details
8Despite China, Vietnam okays India's plan to drill SCS for oil Details
8MP Congress seeks PM intervention on oil price hike in state Details
8HC reserves verdict on Cairn India’s plea for crude export Details
8Government to seek higher revenue share from Cairn India’s Rajasthan Oil field Details
8Finance ministry for review of employee participation norms in stake sale Details
8Shah panel to submit report on RIL-ONGC gas dispute on Aug 31 Details
8Biodiesel Association seeks VAT relaxation on blending of biodiesel Details
8GAIL places Rs 305 crore order for steel pipes Details
8Indian Oil unit with Iranian investment plans $3 billion expansion Details
You can also click on Newsclips for more Details
8Project Management Consultancy Services for LPG Import facility at Haldia [BPCL] Details
8Carrying out Chemical Decontamination Works during CDU II Unit Turnaround, Kochi Refinery [BPCL] Details
8Procurement of line pipes for Gorakhpur Spurline of Phulpur Haldia Pipeline Project [GAIL] Details
8Carrying out various Mechanical, Piping and Insulation works, Mumbai [BPCL] Details
8Hydro Jet cleaning of various heat exchangers, Vijaipur [GAIL] Details
8Consultancy services for conducting risk analysis, EIA study and obtaining environmental clearance for proposed additional tankages, Rajasthan [IOC] Details
8Supply of Complete Rotating Assembly, Barauni Refinery [IOC] Details
8Purchase of Portable Ultrasonic Liquid Flow Meters, Assam Asset [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil well blown up in northern Iraq, North Oil says Details
8GE, L&T sign MoU to manufacture subsea equipment for deep water projects in KG basin Details
8India’s Bio-fuel market will grow to Rs 1 lakh crore over the next decade, says Pradhan Details
8Government to align ethanol price with global market Details
8Despite China, Vietnam okays India's plan to drill SCS for oil Details
8MP Congress seeks PM intervention on oil price hike in state Details
8HC reserves verdict on Cairn India’s plea for crude export Details
8Government to seek higher revenue share from Cairn India’s Rajasthan Oil field Details
8Finance ministry for review of employee participation norms in stake sale Details
8Shah panel to submit report on RIL-ONGC gas dispute on Aug 31 Details
8Biodiesel Association seeks VAT relaxation on blending of biodiesel Details
8GAIL places Rs 305 crore order for steel pipes Details
8Indian Oil unit with Iranian investment plans $3 billion expansion Details
You can also click on Newsclips for more Details
ONGC still hasn't framed together an acceptable policy for blacklisting of defaulting firms.
8The current policy that allows for invocation of Performance Bank Guarantees does not satisfactorily factor in the huge cost that ONGC incurs when critical contracts fail.
8The E&P major has still not been able to stop the gaming of the system, whereby a firm qualifies technically and then goes on grab a contract by quoting low rates at which quality companies cannot compete.
8A lot of sub-quality Indian companies have made the grade by working in connivance with ONGC officers.
8The technical qualification criteria are tweaked in a manner that these companies somehow qualify. Then the price is gamed.
8The fact that a just a handful of Indian companies have grabbed the big 2D contacts given out by the government is a case in point. Expect under performance as a result.
8ONGC has fawned a host of such companies, which thrive just on the public sector E&P major's contracts.
8Most of such companies are unable to grab contracts with more quality conscious E&P companies such as Cairn, RIL or BG.
8The government must ask ONGC to appoint a consultant to do an exercise on how much ONGC has lost in the last five years on account of under-performance by its contractors and what kind of changes could have been carried out, on hindsight, in the bidding parameters to avoid such exigencies. Details
8The current policy that allows for invocation of Performance Bank Guarantees does not satisfactorily factor in the huge cost that ONGC incurs when critical contracts fail.
8The E&P major has still not been able to stop the gaming of the system, whereby a firm qualifies technically and then goes on grab a contract by quoting low rates at which quality companies cannot compete.
8A lot of sub-quality Indian companies have made the grade by working in connivance with ONGC officers.
8The technical qualification criteria are tweaked in a manner that these companies somehow qualify. Then the price is gamed.
8The fact that a just a handful of Indian companies have grabbed the big 2D contacts given out by the government is a case in point. Expect under performance as a result.
8ONGC has fawned a host of such companies, which thrive just on the public sector E&P major's contracts.
8Most of such companies are unable to grab contracts with more quality conscious E&P companies such as Cairn, RIL or BG.
8The government must ask ONGC to appoint a consultant to do an exercise on how much ONGC has lost in the last five years on account of under-performance by its contractors and what kind of changes could have been carried out, on hindsight, in the bidding parameters to avoid such exigencies. Details
For reference purposes, the website carries here the following petroleum sector data:
8Number of E&P related accidents in India, including gas leaks, since 2014 till now along with name of the company, date, fatality and root cause analysis
8State-wise exploration expenditure by ONGC in the last three years
Click on Reports for more Details
8Number of E&P related accidents in India, including gas leaks, since 2014 till now along with name of the company, date, fatality and root cause analysis
8State-wise exploration expenditure by ONGC in the last three years
Click on Reports for more Details
For reference purposes, the website carries here details of all foreign E&P investments made by public sector Indian companies so far.
The investment details are given in terms of:
8Name of company
8Name of the project
8Participating share
8Status of commercial production
The companies involved are
8ONGC
8OIL
8IOC
8BPCL
8HPCL
Click on Reports for more Details
The investment details are given in terms of:
8Name of company
8Name of the project
8Participating share
8Status of commercial production
The companies involved are
8ONGC
8OIL
8IOC
8BPCL
8HPCL
Click on Reports for more Details
HAL Offshore Ltd has gotten itself into a fight with ONGC over the Operation & Maintenance of 14 ONGC owned Sindhu vessels
8The company's Performance Bank Guarantees have been invoked.
8Dispute resolution is currently on.
Click on Reports to find out more on what went wrong with the contract Details
8The company's Performance Bank Guarantees have been invoked.
8Dispute resolution is currently on.
Click on Reports to find out more on what went wrong with the contract Details
How much money does an oil marketing company spend in relocating an existing retail outlet?
8The primary reason for relocating is the non-availability of a lease
8Currently, there are around 150 retail outlets which have shut down on account of non-availability of lease.
8Some of them are in the process of being relocated.
Click on Reports for more Details
8The primary reason for relocating is the non-availability of a lease
8Currently, there are around 150 retail outlets which have shut down on account of non-availability of lease.
8Some of them are in the process of being relocated.
Click on Reports for more Details
Business development managers will always have to be on top of the curve where opportunities are emerging in this sector.
The website carries here a synopsis of opportunities which are just around the corner, including;
8A 20000 MTPA LPG bottling plant in the private sector
8A 2.25 MMTPA refinery expansion plan
8A big onshore E&P project
8Exploratory and appraisal drilling in an undiscovered offshore project
8Laying of a 200 km onshore petroleum product pipeline
8Expansion of LPG storage capacity by 1900 tonnes
8A big refinery expansion cum fuel upgradation programme
8A 2 MMTPA expansion of an existing product pipeline and laying of 300 km of spur lines
8A 20-well drilling programme by ONGC
8Another expansion of LPG storage capacity from 300 MT To 1000 MT
8A new 50 MW power plant in an existing oil and gas facility
8Laying of a 2000 km gas pipeline
8Expansion of an existing crude storage facility by 2 MMT
Click on Reports for more Details
The website carries here a synopsis of opportunities which are just around the corner, including;
8A 20000 MTPA LPG bottling plant in the private sector
8A 2.25 MMTPA refinery expansion plan
8A big onshore E&P project
8Exploratory and appraisal drilling in an undiscovered offshore project
8Laying of a 200 km onshore petroleum product pipeline
8Expansion of LPG storage capacity by 1900 tonnes
8A big refinery expansion cum fuel upgradation programme
8A 2 MMTPA expansion of an existing product pipeline and laying of 300 km of spur lines
8A 20-well drilling programme by ONGC
8Another expansion of LPG storage capacity from 300 MT To 1000 MT
8A new 50 MW power plant in an existing oil and gas facility
8Laying of a 2000 km gas pipeline
8Expansion of an existing crude storage facility by 2 MMT
Click on Reports for more Details
The startup sold itself using the following basic ideas:
8It has passion and belief in Indian geology and its potential
8It has the technological expertise
8Now it has the capital too
8It has strong relationships in the segement
8The government's positive policy changes is another big plus point, the startup says. Among the other plus points are:
8Revenue Sharing DSFR Contracts – avoids cost recovery disputes
8Free market gas pricing
8Fiscal stability
Click on Reports for more Details
8It has passion and belief in Indian geology and its potential
8It has the technological expertise
8Now it has the capital too
8It has strong relationships in the segement
8The government's positive policy changes is another big plus point, the startup says. Among the other plus points are:
8Revenue Sharing DSFR Contracts – avoids cost recovery disputes
8Free market gas pricing
8Fiscal stability
Click on Reports for more Details
The startup's immediate focus is on the India Discovered Small Field Bidding Round but going ahead it wants to focus on the possibility of investing in shale oil and gas in India.
8The argument is that there is a business opportunity there after going through a de-risking exercise.
8The startup has also proposed that India provides a better unconventional opportunity than Europe and lists out 20 different reasons why it thinks so.
8The company has also pitched that India is the fastest growing economy in the world and it has the requisite infrastructure to support an E&P start-up
Click on Reports for more on what the company has to say Details
8The argument is that there is a business opportunity there after going through a de-risking exercise.
8The startup has also proposed that India provides a better unconventional opportunity than Europe and lists out 20 different reasons why it thinks so.
8The company has also pitched that India is the fastest growing economy in the world and it has the requisite infrastructure to support an E&P start-up
Click on Reports for more on what the company has to say Details
Private equity funding seems to have arrived in the Indian E&P sector.
8The website carries here the details of a company funded by at least two well know private equity entities.
8Upto $500 million in private equity capital has been committed to this startup
8This is a lot of money by any yardstick.
8The company has been promoted by two foreign entrepreneurs.
8The startup's key growth target is by picking up a few blocks under the India Discovered Small Field Bidding Round.
8Bids are to be submitted by October 2016, and awards are expected by December 2016.
8The website carries here excerpts of a presentation made by the start-up to attract funds.
8What was highlighted were the great success stories in the E&P business, where professionally managed small companies have transformed themselves into unicorns.
8More start-ups by smart entrepreneurs abreast of the Indian E&P business can now follow this route.
Click on Reports Details
8The website carries here the details of a company funded by at least two well know private equity entities.
8Upto $500 million in private equity capital has been committed to this startup
8This is a lot of money by any yardstick.
8The company has been promoted by two foreign entrepreneurs.
8The startup's key growth target is by picking up a few blocks under the India Discovered Small Field Bidding Round.
8Bids are to be submitted by October 2016, and awards are expected by December 2016.
8The website carries here excerpts of a presentation made by the start-up to attract funds.
8What was highlighted were the great success stories in the E&P business, where professionally managed small companies have transformed themselves into unicorns.
8More start-ups by smart entrepreneurs abreast of the Indian E&P business can now follow this route.
Click on Reports Details
For reference purposes the website carries here the following tenders:
8Annual Repairs and Maintenance of Civil works for ONGC Complex, Vadodara [ONGC] Details
8Calibration of Electrical Measuring Instruments of Drilling Rigs, Cauvery Asset [ONGC] Details
8De-coking by Mechanical Pigging method for vacuum furnace tubes, Barauni Refinery [IOC] Details
8Procurement of Mechanical Sealing System of pump around pumps, Pata [GAIL] Details
8Supply of Pressure Gauges, Bongaigaon Refinery [IOC] Details
8Supply and testing of Drawout type Relay in LPG Plant, Vijaipur [GAIL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices retreat in Asia trade Details
8State-run OMCs rule the oil pack so far in 2016, likely to keep up the good show Details
8Militants: Ex-president is sponsor of Nigeria oil attacks Details
8Oil pares near 3-pct gains amid oil glut worries Details
8Essar Oil's Vadinar refinery recognised as 'Refinery of the Year' by PetroFed Details
8‘Oil prices’ role in India’s disinflation relatively modest: IMF Details
8Cairn's biz outlook could suffer after merger with Vedanta Details
8Reliance Industries eyes LPG customers who have surrendered subsidy Details
8IGL wins licence to retail CNG in Rewari Details
8Rosneft may supply Venezuelan oil to India's Essar - executive Details
8GAIL may face loss on US contract owing to price mismatch Details
8Nixed H-Energy pipeline project leaves Bengal out of gas Details
8Indian Ocean gas find may enter Asian market Details
You can also click on Newsclips for more Details
8Annual Repairs and Maintenance of Civil works for ONGC Complex, Vadodara [ONGC] Details
8Calibration of Electrical Measuring Instruments of Drilling Rigs, Cauvery Asset [ONGC] Details
8De-coking by Mechanical Pigging method for vacuum furnace tubes, Barauni Refinery [IOC] Details
8Procurement of Mechanical Sealing System of pump around pumps, Pata [GAIL] Details
8Supply of Pressure Gauges, Bongaigaon Refinery [IOC] Details
8Supply and testing of Drawout type Relay in LPG Plant, Vijaipur [GAIL] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices retreat in Asia trade Details
8State-run OMCs rule the oil pack so far in 2016, likely to keep up the good show Details
8Militants: Ex-president is sponsor of Nigeria oil attacks Details
8Oil pares near 3-pct gains amid oil glut worries Details
8Essar Oil's Vadinar refinery recognised as 'Refinery of the Year' by PetroFed Details
8‘Oil prices’ role in India’s disinflation relatively modest: IMF Details
8Cairn's biz outlook could suffer after merger with Vedanta Details
8Reliance Industries eyes LPG customers who have surrendered subsidy Details
8IGL wins licence to retail CNG in Rewari Details
8Rosneft may supply Venezuelan oil to India's Essar - executive Details
8GAIL may face loss on US contract owing to price mismatch Details
8Nixed H-Energy pipeline project leaves Bengal out of gas Details
8Indian Ocean gas find may enter Asian market Details
You can also click on Newsclips for more Details
