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Aug 2026

8Project Name: Udhamsingh Nagar District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details Details
Find out what really happened
8And why is there is asymmetry: Buyer pays full price, seller pays 15%
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8Prabhudas Lilladher said Rs 2,460 crore. Bloomberg consensus said Rs 2,860 crore. Motilal Oswal said Rs 3,420 crore. GAIL reported Rs 6,380 crore.
Why is this so? Details
For reference purposes the website carries here the following Newsclips (These are public domain newsclips and the website is not responsible for their content):
 8"Ethanol policy is flawed": Arvind Kejriwal on planned march to PM's residence Details
 8Ethanol blending in petrol can help India save Rs.38,000 crore annually: Oil Ministry Details
 8India wasn't first to adopt ethanol-blended fuel: A comparison with five countries Details
 8India's ONGC to allocate half of new oil storage to strategic reserves Details
 8West Bengal woman goes to check for LPG subsidy, finds Rs.100 crore in bank account Details
 8Confidence takes LPG out of the dire Strait Details
 8India's Venezuelan oil imports decline in July; here's what the latest shipping data shows Details
 8OPEC+ boosts oil output by 188,000 barrels per day: What it means for India Details
 8India raises windfall taxes on fuel exports amid volatile global oil prices Details
 8ONGC to reserve half of new oil storage for strategic reserves Details
 8GRSE bags Rs.1,032 crore contract from ONGC to build four offshore support vessels Details
 8Government cites global commodity and energy costs for rise in wholesale price inflation Details
 8Essar Group plans $5.8 billion energy transition investment in the UK Details
 8India's deep-sea bet: Centre's 'Samudra Manthan' to churn crude – How it works Details
 8Saudi oil tanker heads to India as Red Sea and Hormuz traffic slows amid attacks Details
 8Oil tumbles as Trump cancels attack on Iran to reach nuclear deal Details
 8Gold firms as oil prices slump after Trump holds off on Iran attack Details
 8Petrol and diesel sales up, jet fuel and LPG dip Details
 8IOC rethinks Rs.33,000 crore Tamil Nadu refinery Details
 8Kyiv hits Rosneft refinery, Engels air base in Russia Details
 8OMCs feel war heat, but Q1 losses below 25% of government forecast Details
 8India kicks off one of its 'most challenging' deepwater oil and gas exploration operations Details
 8Saipem's merger with Subsea7 clears crucial US antitrust hurdle Details
 8Worley picks up new assignment in Australia Details
 8Odfjell Drilling's 2009-built rig goes back to work after BOP incident-related hiatus Details
 8Subsea7 scores 'sizeable' contract in Brunei Details
 8Why India bought record Russian oil in July despite Trump's 100% tariff threat Details
 8Ukraine's drone campaign drives Russian oil refining to 24-year low Details
 8Trump orders oil companies to cut gas prices, targets Chevron CEO Details
 8Georgia's Kulevi Refinery replaces Russian crude with Kazakh and Libyan oil Details
 8Trump's Iran reversal sends European gas prices tumbling Details
 8Dark tanker transits surge at Bab el-Mandeb as Houthi threat persists Details
 8Indian Oil subsidiary CPCL plans 280,000 bpd Manali refinery Details
 8Australian regulator wants tougher pollution rules for Darwin LNG plants Details
 8Big oil companies report record profits amid high oil prices Details
 8Why the U.S. can't easily exit the Iran conflict Details
 8BPCL 73rd AGM on 27 August – Director appointments and payments business on agenda Details
 8GAIL rolls out AI-Tarang Stage 3 – Employees build real AI solutions Details
 8Cochin Shipyard Recruitment 2026: Manager (Defence Business Expansions) – 2 vacancies Details
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8A daily roundup of tender results in the oil and gas sector.
8Stay informed about contract awards, winning bidders, and project allocations over all oil & gas contracts.
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8Get all the latest tenders announced across the oil and gas industry today.
8Discover new procurement opportunities from key public and private sector players.
Also click on the Tenders section for more detailed documentation
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8And this is after a Rs 750 crore IPO
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8It is now aiming for the skies, Samudra Manthan is where the eyes are
8The Rs 1400 crore PEC contract is not longer the focus
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8Here's what's happening today in the E&P, midstream-downstream, and CGD section
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8Torrent both burns gas and trades RLNG.
8But recently it bought nothing to trade
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1) PEL’s North Karanpura rig tender turns mechanical reliability into the decisive commercial variable
8PEL requires a complete rotary workover package for continuous CBM well interventions.
8Repair compensation is capped at 50% of the operating rate and ends after the permitted downtime window.
8The eventual price comparison will reveal how much reliability risk bidders are prepared to absorb.
 
2) ONGC awards four-asset drilling O&M package to Ansh Petro at Rs 68.73 crore
8ONGC’s consolidated drilling/workover O&M award places Ansh Petro only 1.2% below North Eastern Drilling and Workover Services.
8The winner must serve four geographically dispersed assets under KPI-linked payments after ONGC removed its wage-reimbursement component.
8Whether that narrow winning price adequately covers labour escalation and multi-asset execution is the question behind the result.
 
3) ONGC bars SFMS security for 869-phase offshore WBM tender but retains the route inside its revised clause
8ONGC’s corrigendum says SFMS BG will not be accepted for its three-year offshore mud-engineering contract.
8Yet revised GCC Clause 10 still lists SFMS BG and preserves the procedure for submitting it.
8That contradiction now sits beside a 30-day PBG deadline carrying invoice deductions, termination and vendor-policy exposure.
 
4) ONGC turns delayed PBG into termination and vendor-policy risk in seismic-services corrigendum
8ONGC’s latest corrigendum leaves the four-sector seismic scope untouched but materially changes what happens when performance security arrives late.
8A 1.5% monthly recovery now depends on an approved extension requested at least ten days before the deadline, while an unapproved delay can reach termination, EMD forfeiture and vendor-policy action.
8The unresolved question is whether bidders’ banking workflows can match a compliance clock that may begin with the GeM contract itself.
 
5) ONGC gives Drillmec seven more days to price five-year rig support without disclosing the workload
8ONGC has extended its sole-source Drillmec FSR tender while leaving the five-year operational framework unchanged.
8The OEM must support critical rig systems across shifting onshore locations, mobilise within 24 hours for emergencies and maintain round-the-clock remote assistance without any disclosed minimum workload.
8The extra week raises a sharper question about which commercial assumption remains unresolved.
 
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8The contractor must absorb fuel, soft water, crews, spares and unit-wise downtime exposure while actual operating revenue depends on OIL-certified hours.
8With L2, L3 and the client estimate undisclosed, the price’s real risk allowance remains hidden.
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8Eighteen written submissions. A full Board. Adani's CFO on the line. And not a single entity in the room supporting the amendments.
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8BPCL sought one licensor capable of supporting both emulsion and solution SBR technologies. That requirement appears to have narrowed the credible global vendor pool before the project could lock its process design. The cancellation raises the question of whether integration ambition overtook market availability.
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8With both offers still under evaluation, GAIL’s ability to complete critical crossings now depends on a very narrow contractor field.
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8The real story is how quickly HPCL now converts proprietary process design into long-lead equipment orders.
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8IndianOil is not merely buying paddy straw, press mud and cattle dung; it is trying to industrialise three fragmented rural supply chains around one CBG asset.
8The contract pushes aggregation, storage, transport, quality loss and daily delivery risk onto suppliers. The plant may revise its paddy-straw indent with only three days’ notice and can reduce required delivery to zero.
8The real executive question is whether feedstock reliability can be procured through reverse auction without weakening plant availability.
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1) IOCL turns a Paradip-linked feasibility scope into a portable refinery-wide consulting framework
8The revised utilities clause removes the specific Paradip Cracker Complex anchor and refers instead to facilities in a refinery. That small wording change materially expands where the three-year agreement may be deployed. The commercial consequences will depend on how many differently configured sites enter the assignment pipeline.

2) HPRGE grants bidders seven more days but keeps Pachpadra Owner’s Engineer mandate engineering-heavy
8HPRGE has moved the closing date for its approximately 178 MWp Pachpadra Owner’s Engineer tender from August 5 to August 12, 2026. The extension follows an accepted request for one week after clarifications on EPC status, factory inspections and detailed-engineering obligations. What remains unchanged may matter more than the additional bidding time.

3) CPCL cancels shutdown-critical machining tender after five bid deadline shifts
8The bigger question is whether CPCL has secured an alternative specialist before the outage exposes its first unexpected defect.

4) HPCL awards DHT and Packinox turnaround cleaning after L1 undercuts the next bidder by 39.5%
8This reveals radically different bidder assumptions about chemicals, equipment and waste risk. The decisive question is whether this price can support repeated washes and parallel execution without moving turnaround risk back onto the refinery.

5) CPCL’s shutdown inspection award is effectively a two-horse race decided by a margin of a mere Rs 17,664
8Edlipse and Induspect finished almost level at the top of CPCL’s Manali shutdown inspection tender. The 0.1% gap suggests the market converged sharply around the refiner’s expected cost. The bigger question is whether such tight pricing leaves enough room for experienced inspection manpower during a critical outage.

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1) HPCL builds a commercial shock absorber into Visakh Refinery’s NIU-NLU shutdown
8The tender combines a lump-sum core with SOR line items running from 20 to 3880. That structure gives HPCL a pre-priced route for work that may expand after equipment is opened. The executive question is whether the SOR will contain shutdown uncertainty or merely relocate disputes into measurement and classification.

2) BPCL makes catalyst life, not purchase price, the real L1 test for Bina Refinery’s hydrogen unit
8BPCL will not award the HGU hydrogenator catalyst contract on landed cost alone. Each offer will be commercially loaded against the longest guaranteed life quoted by any technically qualified supplier. A cheaper catalyst can therefore lose if another bidder is prepared to underwrite a longer operating cycle.

3) NRL pushes 100 KTPA sulphur unit bid forward as 25-year job-work model tests bidder appetite
8NRL has extended bidding for its 100 KTPA sulphur-forming unit for the sixth time, taking the deadline 116 days beyond the original date. The change follows late revisions to how bidders may rely on construction, engineering and OEM partners for qualification. What remains unresolved is whether the market is struggling with the technology threshold or with the 25-year operating risk embedded in the package.

4) IOCL extends Bongaigaon Refinery’s Manas River consultancy by 45 days after changing the bidder information baseline
8The timing raises questions about how much of the original commercial offer could remain valid without reworking.

5) GAIL stretches Vijaipur compressor PMC bidding further out after commercial risk terms change
8The second extension came after GAIL introduced a new formula for extended consultancy deployment. The chronology raises a sharper question than the date movement alone reveals.

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8Project Name: Palakkad & Thrissur District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details Details
8Project Name: South Goa District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details Details
8Suezmax earnings up 221%, VLGC up 187%, net profit at a record Rs 1,309 crore
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8Eighteen written submissions. A full Board. Adani's CFO on the line. And not a single entity in the room supporting the amendments.
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8Why India does not figure in this list of countries
8And which are the countries who matter when it comes to supplying into Europe Details
8Find out more
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For reference purposes the website carries here the following Newsclips (These are public domain newsclips and the website is not responsible for their content):
 8LNG carrier hit by Iranian attack in Strait of Hormuz Details
 8IOC raises $500 million under RBI swap window, may tap more funds Details
 8Exxon and Chevron's $26.5 billion quarter draws Trump's ire Details
 8Ukraine strikes Lukoil's Volgograd refinery as drone attacks resume Details
 8ADNOC unveils new crude pricing mechanism Details 
 8Shell sells Cyprus gas stake to MOL for $720 million Details
 8Oil prices inch higher as Iran strikes U.S. bases in Kuwait and Bahrain Details
 8Crude oil futures drop 3% on easing supply concerns Details
 8India's diesel and petrol sales rise in July Details
 8A 100% U.S. tariff sounds devastating. Giving up Russian oil could cost even more Details
 8Strait of Hormuz sees busiest shipping day in two weeks as LNG traffic resumes Details
 8LNG crisis drives import costs up Details
 8Commercial LPG cylinder prices cut by over Rs.200 Details 
8Samudra Manthan scheme to help India save Rs.1 lakh crore annually on energy imports, says Petroleum Minister Puri Details
 8Why does a 10 kg plastic LPG cylinder cost more than a 14.2 kg refill? Details
 8India fuel sales soar: Petrol and diesel up, LPG shifts to PNG Details
 8RBI's support limits rupee's decline despite oil price surge Details
 8Coal India's July production rises 8.4%, supplies hit record 64.2 MT Details
 8Arvind Kejriwal announces march to PM's residence on August 4 over E20 fuel, alleges ethanol imports to rise five-fold Details
 8Petrol could cost Rs.125/litre without ethanol blending: Government Details
 8Indian Oil rules out shift from Gulf crude despite regional conflict Details
 8ONGC plans 150 deepwater wells under Rs.84,084-crore Samudra Manthan Mission Details
 8Maruti Suzuki bets big on alternative fuel with Rs.561 crore CBG push; sees margin recovery ahead Details
 8Indian Oil to hire dedicated vessel to ferry LPG cylinders from Sri Vijaya Puram to all islands Details
 8India closely monitoring U.S. bill targeting buyers of Russian oil, says MEA Details
 8Indian Oil swings to loss as costlier crude bites Details
 8Assam Cabinet clears CBG Policy 2026 aligned with national model Details
 8GAIL to merge Konkan LNG with itself, eyes operational synergies Details
 8GAIL Q1 FY27 profit almost doubles to Rs.4,665 crore Details
 8PM urges energy independence amid West Asia crisis Details
 8Oil industry sees war windfall but girds for political blowback Details
 8Drill, baby, drill: India to fund Rs.650 crore per well for 60 deep-sea wells in bid to cut oil imports Details
 8Government plans big change in Indian Oil Board: Four MD posts instead of old structure Details
 8ONGC two Executive Directors superannuate effective August 1, 2026 Details
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CEA's 2023 safety rules set a 25-metre setback and a minimum crossing angle.
8A new report shows the real damage comes from kilometres of parallelism — and arrives as advice, not regulation.
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8What is going wrong?
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A 2014 regulation.
8A pending court case.
8A separation deadline of April 2027.
8All of it undone
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Every rupee came from a two-month gap between how GAIL prices what it buys and what it sells.
8How is to be fixed?
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8Oilmax’s bid to inherit Selan’s 2007 environmental clearance has been accepted and referred to the EAC.
8Six development wells were drilled before the field changed hands, leaving the committee to examine how the original 5–10-well approval and its environmental obligations will transfer to the new operator.
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8The 310-day mobilisation requirement and four-year operating commitment remain unchanged.
8The widening gap between procurement flexibility and execution rigidity is now the tender’s central tension.
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8OIL has selected Oil Field Instrumentation at Rs 88.94 crore for a digitally intensive mud-logging contract spanning 16 units and four years.
8Jindal’s Rs 133.75 crore offer sits 50.4% above L1 despite both bidders facing the same VSAT, staffing, redundancy and uptime obligations.
8The unresolved issue is whether the winning price reflects delivery efficiency or a much thinner allowance for operational risk.
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8The award was at 75% below L-2
8Does the difference reflects capacity advantage or aggressive assumptions?
8That is the eyebrow raising question
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1) OIL shifts Sadiya integrated drilling conference but leaves bidders a tighter post-clarification window
8OIL has moved the Sadiya integrated drilling pre-bid conference to 10 August while extending the query deadline to 6 August 2026.
8The bid closing date remains 20 August, cutting the post-conference preparation period from 16 to ten calendar days.
8For a single contract spanning drilling, cementing, completions and well testing, that unchanged deadline carries the amendment’s deeper risk.
 
2) ONGC pushes 869-phase offshore WBM tender ahead without easing performance risk
8ONGC has added seven days to bidding for its 869-phase offshore mud engineering and WBM chemicals contract.
8The revised calendar gives empanelled vendors more time to reconcile laboratory-backed formulations, dosages and an evaluation model capable of correcting their quoted price schedules.
8Yet the 48-phase inventory floor, 80% payment downside and overlapping LD exposure remain unchanged.
 
3) OIL’s Dandewala gas-processing expansion clears filing gate for EAC appraisal
8OIL’s proposal to raise Dandewala’s gas-processing capacity by 50%—from 1 MMSCMD to 1.5 MMSCMD—has been accepted and referred to the EAC.
8The committee will now examine a Rs 12-crore brownfield expansion that adds no drilling or operational manpower but increases produced-water generation from 60 KLD to 90 KLD, requiring a new 100-KLD treatment and disposal system.
 
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1) OIL builds a five-well UBD gateway but walls its consultant off from execution
8OIL is placing geomechanics, candidate selection and well design ahead of a five-well UBD campaign in Assam’s depleted reservoirs.
8The consultant will also write the execution tender and supervise the resulting operations.
8A conflict-of-interest restriction could determine which technology groups are willing to enter the advisory contest.
 
2) ONGC cancels Madanam-Thirunagari reserve audit
8This is because it re-wrote the fractured-basement model scope
8The unexplained reversal came only after ONGC accepted consultant protections on geological uncertainty and intellectual-property ownership.
 
3) ONGC’s Mehsana water-injection contest puts Chetankumar L1 at Rs 7.73 crore with a 27.3% price break
8ONGC’s three-year Mehsana package has produced an L1 quote of Rs 7.73 crore for ten integrated water-injection facilities.
8The next bidder is 27.3% higher even though the contractor must absorb water logistics, relocations, hazardous-area equipment and cloud monitoring.
8The crucial question lies in which operating assumptions created that unusually wide first-step price gap.
 
4) ONGC awards Pipavav LN? facility civil package to Jay Engineers at 8% above estimate
8ONGC’s Pipavav LN? infrastructure award has produced an L1 price exactly 8% above its civil estimate.
8Jay Engineers must deliver the PESO-linked enabling works within three months while carrying LD, warranty and dual performance-security exposure.
8The missing rival prices leave a larger question over whether the premium reflects market consensus or limited competitive pressure.
 
5) ONGC removes SFMS bid security as PCPP-2 corrigendum turns NeSL timing and PBG delay into rejection and termination risks
8ONGC has deleted the SFMS BG route for PCPP-2 bid security and made pre-closing NeSL execution a pass-fail condition.
8The same corrigendum converts an unapproved post-award PBG delay from a recoverable monthly charge into potential termination, EMD forfeiture and vendor-policy action.
8Yet a surviving SFMS reference and a warranty tail tied to the last commissioned unit leave two important risks unresolved.
 
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8Find out how contracting has to change for here on
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8That is where the big question is
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8The unit is small in capacity but demands integrated responsibility for purification, analysis, hazardous-area compression and control logic.
8The real story is whether India’s hydrogen-equipment market has enough vendors capable of delivering the entire chain under one warranty.
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8Find out what is going on
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8It is combining naphthenic base oils, white oils and carbon monoxide in one strategic market assignment, but only the carbon monoxide component must advance into a TEFR.
8The structure suggests that the R&D centre is testing more than demand; it is screening which opportunities can survive commercial and investment scrutiny.
8The real story lies in how three very different value chains will be ranked through one advisory mandate.
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8Find out wha tis going on
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1) BPCL asks one integrator to turn a 16-ton chassis into Manmad’s complete oil-spill command vehicle
8Find out more

2) HPCL converts Visakh Refinery’s FCC-NHT inspection register into one integrated turnaround liability
8HPCL has turned hundreds of FCC-NHT inspection observations into a combined lumpsum and unit-rate execution package at Visakh Refinery.

3) CPCL makes one 42-day ODC study decide how Group-II/III LOBS equipment can enter Manali Refinery
8The unresolved question is whether a lumpsum survey can fully price an equipment population whose actual dimensions and weights remain undisclosed.

4) BPCL’s SRU-2 extension points to participation pressure inside a five-vendor Kochi Refinery tender
8BPCL restricted bidding to five registered mechanical contractors and configured the portal to require at least three bids. The first three-day extension matches the GeM automatic-extension rule exactly. The second movement suggests that the participation question may not have ended with the portal-triggered relief.

5) BPCL extends MNV-11 bidding while Kochi Refinery’s September shutdown clock keeps running
8The tender has gained six calendar days, but the tentative September 16 shutdown remains unchanged in the supplied documents. Award, security submission and specialist mobilisation must therefore fit into a shorter downstream window. Whether BPCL can recover that time after bid opening remains unresolved.

6) IOCL makes a Rs 4.90 lakh Panipat scale answer for catalyst accounting inside a Zone 1 PP operating area
8The awarded equipment is a 300 kg electronic platform scale rather than an ordinary warehouse device. It must combine certified hazardous-area electronics, drum-counting and batch totalisation. The operational value lies in the records the scale will create, not merely in the weight it displays.

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8Get all the latest tenders announced across the oil and gas industry today.
8Discover new procurement opportunities from key public and private sector players.
Also click on the Tenders section for more detailed documentation
Click on Reports for more. Details
8A daily roundup of tender results in the oil and gas sector.
8Stay informed about contract awards, winning bidders, and project allocations over all oil & gas contracts.
Click on Reports for more. Details
8Rather than sanctioning another ethylene train, Reliance is squeezing high-value petrochemicals out of existing assets. The executive question is whether India's largest petrochemical producer now sees debottlenecking as delivering superior returns to greenfield capacity.
8But do not be fooled, the company is building utility headroom for an integrated downstream expansion rather than a stand-alone optimisation.
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8The entire product slate—MTO, industrial solvents, thinner, benzene and toluene—is aimed at chemical manufacturing rather than transport fuels, highlighting where small downstream investments are heading.
8Clearly, there is a growing trend of extracting commercial value through purification and fractionation rather than conventional refining.
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8LPG
8Ammonia
8Coal & Coke
8All tankers
8Bulk and Dry cargo
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8Here's what's happening today in the E&P, midstream-downstream, and CGD section
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8Project Name: Burdwan District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details Details
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