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Aug 2019

8ONGC has run into a bit of a snag with its JV partner, Coal India Ltd
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ONGC has refused to pay exploration costs incurred by Cairn in the block
8ONGC has now put in a counter demand of Rs 2850 crore
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ONGC has gotten out of the RJ-ON/6 field, handing over 100% stake to Focus Energy
8All liabilities will be on Focus now
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City Gas Distribution companies can tap global funding for their projects
8If local banks are unwilling, companies can approach a global development bank
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Ammonia Brownfield Project
8Cost - Rs 250 crore
8Project Event: The project is in the initial phase and discussion is ongoing, RFQ for the process licensor is likely to be released in October 2019. The proposal for the environmental clearance is likely to be submitted in September 2019.
Click here for more details (Available only through www.indianfertilizer.com) Details
Chinese companies are now being increasingly selected to execute public sector projects
8In one of the biggest such deals, the L-1 bidder was a Chinese company for a Rs 4700 crore project
8But the LOI issuance is on hold, it is learned
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For reference purposes the website carries here the following tenders:
8ARC for Online Retrieval, Analysis and Re-Insertion of Corrosion Coupons and ER Probes installed in Maharashtra Region Pipeline System Details
8Item Rate Contract for Cathodic Protection Maintenance Job in Pipelines Details
8Supply of Pipe Fittings and Flanges for Pipeline Project Details
8Supply and Installation of FRP Handrails Details
8Supply of Ball Valves Details
8Supply, installation and commissioning Effluent Treatment Plant Details
8Supply of CNG Reciprocating Compressors Details
8Supply of Kirloskar Make Compressor Spares Details
8Supply and Installation of Screw Type Air Compressors Details
8Supply of FRP Cells for Process & Utility Cooling Tower at refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8In tussle with Vietnam, China parks vessels near ONGC Videsh site Details
8Petrol, diesel become cheaper in Delhi than UP Details
8Competition from foreign retailers to make us more efficient: M K Surana, HPCL Details
8Fuel supply to Air India stopped at six airports Details
8L&T bags contract worth up to Rs 5,000 crore from Saudi Aramco Details
8India’s crude oil production fell 4.4 per cent in July Details
8India’s natural gas production growth flat in July 2019 Details
8Aramco partnering RIL has no impact on West Coast Refinery: Hindustan Petroleum Details
8Crude oil futures fall 0.52% on weak global cues Details
8US offshore oil auction draws $159.4 mn in bids for Gulf acreage Details
8US farmers, lawmakers dial up pressure on Trump over biofuel policy Details
8Oil steadies above $60, Jackson Hole summit in focus Details
8Humbled Noble Group seeks to rebuild LNG, energy businesses Details
8Rosneft becomes top Venezuelan oil trader, helping offset U.S. pressure Details
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Rs 22500 crore refinery expansion will require a PMC
8The RFQ for PMC contractor is expected in October, 2019
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Canada has entered the LNG market in a major way
 Find out more on the whether Canadian LNG will have advantage over its American competitors
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Tankers 2H19 vessel supply is expected to be lower than 1H19 due to scrubber retrofitting
8A total of 373 existing tanker vessels are forecast to retrofit scrubbers with about 249 retrofits occurring from August to December
8Assuming 2/3 of retrofits will occur within the remainder of 2019, ahead of the implementation date of IMO 2020, 2.3% of the total crude tanker fleet and 1.1% of the product tanker fleet is expected to be out of service in 2H19 (on a DWT weighted average basis)
82.7% of VLCCs expected to be out of service for the remainder of 2019 due to retrofit
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Equipment orders for ONGC's Rs 1300 crore exploratory drilling programme in Tamil Nadu PML blocks has been delayed by two quarters
8RFQs are going to come out later
8Currently, EIA studies are on
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The government has fixed a Rs 90,000 crore disinvestment target for the year
8Splitting up GAIL and auctioning off some of its assets is one of the ideas that the Department of Public and Asset Management is dabbling with.
8But planners are still not clear how to get this done Details
RIL had in the past been over ambitious about its KG-DWN-98/2 project, promising 125 msmcmd of gas but delivering much less. A lot of downstream capacity, particularly gas based plants, which came up based on RIL's promise, has now all become stranded assets.
8Is ONGC faltering too in the KG-DWN-982 block?
8Had it promised more than it can deliver?
8A lot of the assumptions on gas and crude production, including timelines, are going off mark in the block, it is learned.
8RIL, later with its partner BP, had been dealt a bloody nose once in the treacherous geology and high pressure high temperature environment in the KG Block. Will ONGC go throgh the same experience?
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Sulphate of Potash-Bromine and Captive Power Unit Expansion Project
8Cost - Rs 500 crore
8Project Event: The project is in the initial phase, management is taking time to move forward, The RFQ for the EPC contractor is likely to be released in October 2019 due to delay in the discussion.
Click here for more details (Availabe through www.indianfertilizer.com) Details
DAP/NPK Greenfield Project
8Cost - Rs 300 crore
8Project Event: The PDIL has been selected for the preparation of Techno-Economic Feasibility Report. Based on the feasibility report of PDIL, future action shall be planned. The RFQ for the EPC contractor is likely to be released in November 2019
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Get a status update on the Golaghat Greenfield 2G Bio Refinery
8EIL is the EPCM and the licensor Chempolis Oy, Finland
8What kind of RFQs are coming up ahead
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Nayara Energy is pushing ahead with its $850 million petrochemical foray in its Vadinar refinery
8Know more about the status of the engineering package for a new polypropylene facility
8Also get a status update on the the revamp of the Fluidized Catalytic Unit
Click on Details  Details
Essar is pushing ahead with an LNG plant
8It will be meant more to feed its steel plant and captive power plant, it is learned
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What is the latest status on the Crude and Vacuum Distillation unit tender in the Barauni refinery expansion?
8The tender was cancelled once, when the L-1 price quoted by L&T was found to be too high
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There is much excitement over the bidders list for process platform for the Ratna and R-Series field  among offshore contractors
8Find out more on who the likely bidders are going to be.
8There is going to be one new entrant, it seems
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Find out who the bidders were for the upgradation and modernization of the NQRC process platform in Mumbai High
8It is a $270 million tender
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There is much excitement over the bidders list for process platform for the Ratna and R-Series field  among offshore contractors
8Find out more on who the likely bidders are going to be.
8There is going to be one new entrant, it seems
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ONGC has awarded the contract for laying a 23.2 km gathering pipeline for the transport of effluents in its Ahmedabad asset
8Next, an RFQ for a TPI is expected to come up
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It is a private sector Rs 965 crore onland development drilling project
8The operator has started accepting preliminary development drilling
8For the surface facilities part, QPF (Quality Production Facility), GCS (Gas Collection Station) and a storage terminal, Oilex plans to float an EOI by the end of this year. 
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The project involves the use of solar energy for heating well fluid to supplement conventional fuel requirement for heating applications at Bath Heater (BH) and Heater Treater in a Group Gathering Station
8Find out what has been the progress so far
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Oil India Ltd has lumped its exploration drilling in Rajasthan under one TOR, it seems
8Instead of 5, the plans are now to drilling 10
8A Quippo drilling rig will head from one block to the other, it seems
Click on Details for more on OIL's plans in Rajasthan Details
RFQs are being taken out on the Rs 225 crore project
8But work on the ground cannot start yet
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ONGC has decided to sack the contractor for delays in a Rs 300 contract
8It has also recovered bank guarantees and liquidated damages to the tune of Rs 55 crore from the contractor.
8A new contractor has been appointed on a nomination basis.
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Even though spot prices are down significantly, India has not been able to reap the full benefits yet
8The average cost of LNG -- which is the total cost for fixed contract and spot LNG prices  -- for July in India continued to remain high.
8This indicates that contract LNG continues to be overwhelmingly being pushed into India at the cost of cheaper spot LNG
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For reference purposes the website carries here the following tenders:
8Procurement of 600 SCMH motor driven CNG Online Compressors and related services for BGRL CGD projects Details
8Supply of various sizes of Pressure Balanced Plug valves, manually operated valves and MOVs Details
8Procurement of Mak Camex Compound F Details
8Procurement of Lube Oil Filters for compressors, Turbines Details
8Supply of Steam Traps Details
8Construction of Storage Vessels at LPG Plant Details
8Creation of Surface Facilities in Anklav Field of Cambay Asset on Lumpsum Turnkey Basis Details
8Supply, Installation, Commissioning and Demonstration of Gravi Meteric Soption Analyser for Geology Group Details
8Procurement of Hydraulic Torque Wrench Details
8Procurement of Centrifugal Pump for Mud Application for use at Drilling Rigs Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8A $4 billion bet by Asia's richest man is hurt by too much gas Details
8Indian Oil, HPCL and BPCL to shuffle cooking gas consumers Details
8India to achieve highest-ever ethanol blending in petrol this year Details
8India's ONGC sells 3rd Oct-loading Sokol crude cargo at steady premium Details
8Videocon requests NCLT to include overseas oil assets in insolvency process Details
8Shell arm to exit Mahanagar Gas Nigam for Rs 724 crore Details
8Petrol price hike worries Noida traders Details
8India's July petrol imports hit highest in at least eight years Details
8HPCL to invest Rs 74,000 crore in five years Details
8In tussle with Vietnam, China parks vessels near ONGC Videsh site Details
8US will act if tanker carrying Iranian oil delivers oil: Pompeo Details
8US removed almost 2.7 mn barrels of Iranian oil from market: Pompeo Details
8China's Sinopec resumes output at most wells shut by typhoon Details
8Crude oil futures gain on firm global cues Details
8Trump administration tries to assuage farmer unrest over biofuel policy Details
8Turkmenistan sees 2019 gas sales to China flat at 40 bcm Details
8Brazil's Cemig considers IPO of its gas distribution unit Details
8Oil prices rise after US crude stocks draw Details
8Oil inches higher after US crude stocks drawdown, economic worries weigh Details
You can also click on Newsclips for more   Details
8Cost - Rs 1920 crore
8Project Event: Project activities are on hold as of now and are start at the end of October 2019. The proposal for the environmental clearance is likely to be submitted in October 2019 after which the plans are to to hire services and contractors.
Click here for more details (Available through www.indianfertilizer.com) Details
Deep Industries Ltd, despite a black listing by ONGC, has been able to avoid the kind of trap that some its peer companies such as John Energy and Shiv Vani had fallen into.
8It was able to avoid reckless expansion unlike its counterparts, even as it straddled the high risk rig supply industry while also diversifying into volatile gas dehydration industry. 
8Eventually, after some hiccups, the company was left with reasonable margins to fund its E&P acreages as well. 
Click on Reports for a full update. Details
Ammonia-Urea Energy Saving Project
8Cost - Rs 262 crore
8Project Event: The 50 % construction work has been completed, the installation of HRSG has been completed and installation GTG is likely to be completed in September 2019. The commissioning slated for December 2019.
Click here for more details (Avilable through www.indianfertilizer.com) Details
The PMC is going to be finalized in the first week of September
8RFQ for storage tanks and compressor are to be expected in the mid of October
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Contract has been awarded to an UAE based company
8There were two bidders in the race
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Public sector companies such as ONGC uses the Open Book Estimate basis for award of contracts under special circumstances, when a competitive bid is not possible
8OBE jobs are fraught with risks as questions can be asked on the basis on which such awards are given.
8Usually, the likes of ONGC would rather stick to giving out such jobs to public rather than private sector companies
8Find out more on what kind of rates are charged by service providers for such OBE jobs
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It is a 60 KTPA petrochemical expansion
8Project cost is Rs 750 crore
8The PFR consultant was EIL
Click on Details for more on future RFQs Details
Environment clearance has been delayed for the field has been delayed four times
8Company operated rigs is to be used
8But a 35 km pipeline will need an EPC contractor going ahead
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A private operator is seeking RFQs for crude transportation
8This will be over a distance of 56 kms
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LNG capacity seems to be getting set up at a furious pace
8In 2019 itself, final investment decisions worth up to 100 MMTPA of LNG is slated
8There is also a growing list of potential FIDs coming up right up to 2023
8So, when exactly will the current LNG glut going to end remains a moot point
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The PNGRB's decision to unify tariffs for linked pipelines have drawn from many quarters
8The June 4 order of the regulator to integrate the two pipelines -- HVJ-DVPL-GREP and DVPL-FREP Upgradation into a single network, with an economic life going up to 2035, has raised tariff in one segment by a whopping 47%
8There is now strong resistance building up against similarly unifying the tairrifs of other pipelines as the complaint is that it leads to additive tariffs.
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Morbi tile manufacturers seem to be the most enthusiastic of the entire lot of entities who are interested in common carrier CGD transportation rates.
8It looks like every buyer of gas is keen on getting away from the stranglehold of a monopoly supplier once the exclusivity period comes to an end
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A suo moto anti-pollution order from a statutory body has got the gas supply industry all excited.
8It can herald a new beginning, the industry claims, dramatically altering the balance in favour of the gas industry
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For reference purposes the website carries here the following tenders:
8Procurement of Pressure transmitters, differential pressure transmitters, temperature transmitters and multi variable transmitters for MH asset Details
8Providing Chain Link Fencing all around well and other miscellaneous civil works Details
8Hiring of Services for Transcription Part of Data Archival and Management Services Details
8Supply, Installation & Commissioning of 02 Nos. of Hi End PC (Computer Workstation) Details
8Carrying out Miscellaneous Jobs at Raipur Details
8Supply of Spares for FCC Bench Scale Unit Details
8Supply of Weather Monitoring Instrument and Data Station with accessories Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8OPNION: Hedge funds sell oil as global economy slows: Kemp Details
8Spot LNG prices have no impact on PNG-LNG contract arbitration: Australia's Oil Search Details
8Petrol, diesel to get costly in Uttar Pradesh from today Details
8Mayawati attacks UP govt over fuel price hike, says decision will affect poor Details
8Lufthansa offers climate-friendly fuel, but at a price Details
8OPEC+ compliance with oil cuts at 159% in July Details
8BG Asia looks to exit Mahanagar Gas Details
8Shell exits city gas business in India Details
8Indonesia's 2020 energy subsidy policy "flexible," price freeze may stay Details
8Energy Transfer conducting maintenance on West Texas Gulf crude pipeline Details
8Odisha to become petrochemical hub of East; investments worth over Rs 2 lakh cr get govt nod Details
8GAIL to invest Rs 45,000 cr in expansion of pipelines, city gas network Details
8Oil steadies as hopes of easing trade tensions lend support Details
8Contract firm, HPCL maintain silence over OSV blaze Details
You can also click on Newsclips for more   Details
ONGC's Rs 4000 crore KG-OSN2004/1 and GS-49-2 fields integrated development project involves development drilling of 11 wells (3 dry trees completion ,3 subsea completion, 5 mudline completion) instead of 9 wells envisaged earlier, installation of 2 offshore unmanned platforms instead of 6 platforms, 58 km interconnecting pipelines, 44 km Subsea pipeline and umbilical from offshore platform to onshore terminal and a new 4.6 MMSCMD capacity onshore facility at Odalrevu to process well fluids. One central 4-legged well head platform and one monopod platform will be needed.
Update:
8Pre-bid conference for geotechnical and geophysical studies did not get a good attendance during pre-bid
8Know when the RFQs are coming up for an EPC contractor for offshore platforms and subsea pipelines
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MECON is the PMC for Oil India's Rs 230 crore Baghjan-Madhuban pipeline development project
8Contracting is currently in progress
8More RFQs are ahead
Click on Details for contacts Details
Oil and Natural Gas Corporation Limited has invited a mega tender for the purchase of 26 numbers of Cementing units including Installation & Commissioning, Training and AMC for 6 years.
8Bidding is expected to close by 23rd of August 2019.
8Besides the usual list of traditional bidders, some surprise entries are expected
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Oil India Limited has awarded the contract for As-built P&ID and PFD drawings, HAZOP study, Quantitative Risk Analysis, Consequence Analysis of Crude oil and Natural Gas Production installations
8There were three bidders, one emerged successful.
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It is a big Rs 6000 crore pipeline project
 8Only the ROW survey has been awarded
 8The PMC is still to be selected, but one company seems to be emerging as a winner
 8Find out more on when is the next RFQ date likely
Click on Details for more. Details
Invenire Energy Pvt. Ltd is the operator of the Disaijan Oil Field Development in Assam
8This is a Discovered Small Fields Round 2019 award
8The company is accepting preliminary enquiries 
Click on Details for key contacts and other details  Details
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