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Sep 2016

ONGC seems to be in a fix on how to handle the two Indian bids for oil well cement.
8The bids have been so placed that it has left the E&P major in a big quandary.
8While the oil well cement bids for Mumbai and Chennai have seen Classic Oil Fields Ltd emerge as the L- bidder, the lowest bidder for Kolkata deliveries are Indian companies.
8But there is a big problem with their bids
Click on Details to find out more Details
For reference purposes the website carries here the following tenders:
8Rewinding of Mainline Motor of Mathura-Jalandhar Pipeline, Panipat Refinery Details
8Hiring services of upkeepment,cleaning oil assistance in other operational job under operational section, Assam Details
8Hiring of consultant for carrying out feasibility study of proposed sea water pipeline, Mundra Details
8Supply of Software, Caesar-II, Pipe Stress Analysis, Digboi Refinery Details
8Supply of Sulphur Guard Catalyst for HGU-1, Barauni Refinery Details
8Carrying out Coating refurbishment of mainline (BKPL,GSPL & HMRBPL) in ERPL Details
8Laying of Gas Distribution Pipelines, Assam Details
8Laying of Gas Flowline from Hapjan OCS to Borhapjan Wells, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8HPCL says decision on Rs 37,000-cr Raj refinery likely soon Details
8ONGC caps uneven flow of gas from its well in East Godavari Details 
8Algerian energy minister sees consensus on need to steady oil price - APS Details 
8Oil prices drop after surging higher Details
8GLOBAL LNG-Prices edge up as old and new buyers seek spot supplies Details
8Mytrah Energy wins Renewable Energy India Award 2016 Details
8Oil pulls back after big jump on U.S. crude stock draw Details
8Pradhan mulls replicating Singapore's petrochemical complex in India Details
8India ferries petroleum products via Bangladesh for Tripura Details
8Libyan troops recapture key oil terminals from militia Details
8US based energy giant has "clear aspirations" to grow in India Details
8Gadkari pushes for leapfrogging into methanol economy Details
8Indian Oil Petronas gets green nod for LPG terminal expansion Details
8Transparent policies in India for investment in energy: Dharmendra Pradhan Details
8Hindustan Petroleum eyes 60 million tonnes refining capacity by 2030 Details
You can also click on Newsclips for more Details
How viable is a Methanol and DME-driven transportation model for India?
8This has been a subject of recent debate in India.
8Already, realizing the potential of using methanol and DME as a transportation fuel in road transport, shipping and rail, NITI Aayog has constituted an Expert Group to develop a roadmap document for India to adopt to what is being dubbed as the "Methanol Economy".
8The three groups under Production, Utilization and R&D will explore various techno commercial angles to enhance production of Methanol through Natural gas, High ash content coal and through Bio, Agri and Municipal Solid Waste. It will also draw out a technical road map to adopt both Methanol and DME as a transportation fuel, chemical feedstock and power generation.
8The attempt has high-powered support within the Modi government.
Find out more. Details
There is yet another business development opportunity coming up for extra tankage in an LPG import facility
8The additional tankage requirement is of the order of around 5000 KL.
8Dedicated storage of propane and butane is in a refrigerated form for producing LPG, followed by mercaptan dosing and subsequent transfer to tankers
8Name of the key contact person is also included in our report.
Click on Reports for more Details
A business development opportunity is also coming up for expansion of a coastal storage facility of an Oil Marketing Company.
8RFQs have not been released as yet
8Addition of two above ground storage facilities is envisaged
8The storage facility will have receipt, storage and distribution of MS, HSD and ethanol
Click on Reports for more Details
There is a business development opportunity for an ethanol and biodiesel storage facility coming up
8The proposal is for an expansion of capacity by installation of one Ethanol tank, two Biodiesel tanks and to convert two underground tanks presently used for storage of Diesel to store Ethanol.
8After expansion the storage capacity will increase to be around 30,000 KL.
Click on Reports for more, including key contacts Details
The Iranians seem to have figured out that the oil market price has moved from a "Lower for longer" to a "lower for ever" paradigm and unless it makes major changes in its newly formulated Iran Petroleum Contract (IPC) -- by which it intends to invite foreign companies to participate in its E&P rounds -- the response from the international oil industry will be muted.
8The Iranian cabinet is now deliberating on some key changes to the IPC suggested by various takeholders.
8The likes of RIL,  ONGC and OIL may be interested in the likely changes and ponder the possibility of investing in Iran.
Click on Reports to figure out what are the changes that Iran wants to carry out in the IPC Details
The term "lower for ever" oil prices is now gaining more coinage that "lower for longer" prices these days.
8Global studies are now showing that decarbonization is proceeding at a rapid pace.
8A new study shows that many countries are taking steps in the right direction, including India, though a lot of ground still needs to be covered.
8The emphasis seems to be on holding on to a 1.5 degree temperature rise target instead of 2 degrees.
8The good news is that it has been two straight years of decoupling of emission levels from economic growth.
8Data shows more and more planned coal-based plants are being scrapped.
8Good practices in bringing down carbon intensity in the power sector is gaining traction
8Poorly performing countries are being identified for specific attention.
8India and China have emerged as two attractive low carbon investment destinations
8Carbon pricing is now in vogue but price levels will have to rise rapidly in the future
These kind of studies have implications for the Indian oil and gas industry. Rapid decarbonization and the projected fall in demand for gas from 2020-2025 onwards will have to be taken into account by Indian operators planning to make investments in oil and gas assets with life expectancies of 15 to 20 years or more
Click on Reports for more Details
There are no real takeaways from chairman S.K. Sarraf's speech to shareholders yesterday.
8No clear gameplan has been laid out on how to tackle the challenges of the future.
8There is no elaboration of steps taken or to be adopted to live under a "lower for ever" oil price nor of a gameplan to cut import dependency by 10% by 2022 as laid down by the Prime Minister.
8Unless a chairman has a clear road map, unless the sights are set firmly at the future, a company of the size of ONGC will find itself struggling with uncertainty.
8Sarraf needs to study similar speeches given or presentations made by his counterparts in CNPC, ExxonMobil, Shell and Rosneft to know how the world has changed and a lot more is expected from the chairman of a premier oil and gas company than he is willing to share.
8A chairman's speech delivered is as good a time as any to unfold his vision of the future.
8Unfortunately Sarraf's lackluster speech is a testimony of either a bankruptcy of ideas or a lack of will to do more than what is needed to keep his company going in a world that has changed more dramatically since he took over reins than at any other time in its history.
Click on Reports for more Details
Even as the world prepares for a "lower for ever" oil price scenario, there is always another side to the picture.
8And this website believes in highlighting all sides of a story.
8There is a point of view that there may a oil price shock -- leading to a sharp rise in price -- coming up in response to around US$400 billion to one trillion dollars-worth of oil and gas projects being deferred or cancelled, despite the fact that a global energy consultancy, Wood Mackenzie, estimates that over 20 million barrels/day of new capacity needs to be brought on stream by 2025 to offset declining output in ageing fields and to meet new demand.
8History provides repeated warnings of the long-term impact of oil-price slumps: the surge in oil prices to close to US$150/b in 2008, for example, can be traced back to the investment freeze across the industry in the wake of the oil-price collapse in 1998.
8Meanwhile, contrary to historical precedent, the oil market is still not taking into account geopolitical risks to supplies, ranging from war in the Middle East to political ructions in Venezuela and outages in Nigeria.
8Nevertheless, the majority view is that the risk of an oil price spike in 2016-20 remains low, reflecting the new output coming on stream from low-cost producers such as Iraq (and post-sanctions Iran), as well as the ability of US shale oil producers to revive drilling activity rapidly in the event of a price recovery.
Click on Reports for more Details
The big Rs 200 crore annual market for lubes and greases in ONGC is currently monopolized by IOC.
8Purchases are made by ONGC on a rate contract basis for many years now.
8ONGC tried breaking the monopoly of IOC by floating an international tender but it seems to be going nowhere with it, according to sources in IOC and ONGC.
Find out more about why IOC continues to retain a monopoly despite the fact that there are other suppliers in the field. Details
Despite a poor response to the tender for supply of lubes and greases, ONGC is not giving up.
8It has decided to scrap the current tender
8But at the same time, it is making certain changes in the terms and conditions of the tender so as to make it easier for competitors to come in.
8Find out more on what ONGC is planning to do to get away from IOC's stranglehold in the lubes and greases market. Details
For reference purposes the website carries here the following tenders:
8EOI for Third Party Quality Control Services during Acquisition of 2D Seismic Data Details
8Procurement of High Pressure Flanges for use in Drilling Rigs Details
8Hiring services of vehicles for OIL’s seismic survey operations in Assam & Arunachal Pradesh Details
8Agency for assistance in various Inspection and Non Destructive Testing jobs, Haldia Refinery Details
8Procurement of HSD for Gail, Kailaras Compressor Station Details
8Procurement of 5600 MT of N-Hexane for two year period, Pata Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Essar's plea for duty exemption rejected Details
8Centre moves to amend mining regulations and Act Details 
8Pradhan to lead Singapore roadshow on auction of hydrocarbon fields Details 
8Reliance Industries is 8th largest energy company globally Details
8IOCL to consult Engineers India for BS-VI upgradation project at six refineries Details
8Indian Oil Paradip plant to start making gasoline by year-end, says executive Details
8Cairn India moves Delhi HC seeking refund of operating costs of Ravva oil field Details
8Surge in oil price is a key near-term risk for India: Sukumar Rajah Details
8India seeks stake in Canadian oil, gas fields Details
8ONGC denies prior knowledge of link with RIL gas field Details
8ONGC in talks to buy stake in GSPC's KG basin block Details
8Gas price for ONGC may be slashed by 20%: CMD DK Sarraf Details
8Domestic gas price to drop by a fifth to $2.5 per unit from October: ONGC Chairman Details
8India to woo investors from Singapore, UK for oilfields auction Details
You can also click on Newsclips for more Details
The ONGC must take lessons from their counterparts in China and from the likes of Exxon Mobil and Shell, who have learnt how to keep pace with changing times.
8All of these companies have built survival strategies assuming high price volatility in the future.
8They are diversifying their portfolios and building strategies across different time horizons.
8New value creation models are being adopted.
8There is relentless portfolio upgrading
8They have lowered their drilling costs and reduced capital intensity in their high-cost deepwater projects
8In some cases, drilling costs have declined 50% while capital investment is down even further while maintaining or even raising production
8Instead of "lower for longer", the mindset is now that of "lower for ever" in most of the big oil companies in the world.
8To act like the current downturn is temporary and that prices will sooner than later revive will be nothing but foolhardy.
8Most companies have reduced operating costs by 20 to 25% over the last two years, how much was ONGC able to achieve?
Click on Reports  to find out more on how one big company has transformed itself over the last two year, building a  robust "lower for ever" (oil price) business model Details
Is ONGC really prepared for "lower for longer" oil prices?
8The company's poor financial performance in Q-1 2016-17 should alert both the company brass as well as the government to take steps to cut costs and rein in investments which provide for doubtful returns.
8The gap between cost of production and net realization is getting narrower.
8An international financial model has already proven that the company's financial parameters strongly resembles those companies which show signs of financial crisis, eventually leading to bankrupcy.
8But that is an extreme case. ONGC is too big to fail but it can definitely flounder
8Clearly the government will have to revisit the company's dividend policy and its return on investment paradigms. Bank rolling investments in new areas of the energy industry -- by leveraging its balance sheet -- is an opportunity that the company has not fully explored.
8The splurging on overseas acquisitions must stop and IRRs will have to be carefully calculated through prudent scenario planning. Most of OVL's investments -- particularly the very big ones in South America and Africa -- have turned unviable.
8Some projects, such as the $ 5 billion the KG-DWN-98/2 development -- can provide negative returns in case gas prices remain low or if there are cost and time escalations. The project cost has been cut to the bone and any disturbance in cost or time parameters will very adversely impact IRR.
8Fundamental changes will have to be brought about which will raise productivity levels and cut costs.
8Is the existing leadership up to the mark?
Click on Reports for more Details
8The road show for small and marginal fields is kicking off in London on September 12, 2016.
8Petronet LNG is laughing all the way to the bank, posting record profits during the first quarter of 2016-17
8Details of the 20th Refinery Technology Meet in Gujarat on September 7, 2016.
8List of all the new discoveries of oil and gas by ONGC in Q-1, 2016-17.
Click on Reports for more Details
Indian Oil Corporation Ltd (IOC) has decided to adopt the EPCM model for implementing all of its big-ticket BS-IV refinery upgradation programmes.
8The EPCM contractor will be none other than Engineers India Ltd (EIL).
8EIL will work for IOC in all of its six refineries
8The public sector engineering company has done all the configuration studies for the refineries already.
8This means that the contracting work will be handled by EIL with IOC controlling them.
8Projects will be lumped into packages and implemented through the "conventional" instead of the EPC route.
Click on Reports for more Details
So far Original Equipment Suppliers (OEMs) have been kept away from the obligation of submitted PBGs
8But will the rule be applied now?
8OEMs are usually treated with great respect by ONGC.
8The reason for this is that ONGC is entirely dependent on them for supply of spares, particularly for high value items.
8Usually the OEMs are the ones who determine the terms of the contract and not the other way round.
8Will ONGC be successful in pushing the OMCs to submit PBGs?
Click on Details for more Details
What kind of Performance Bank Guarantees (PBGs) are to be given for rate contracts by ONGC?
8This is a subject of some debate within the higher echelons of the company, according to well placed sources.
8Surprisingly, even after so many years, the rule is till fuzzy on how much PBG should a rate contractor file with ONGC.
Click on Details for more Details
The rules for calculating the value of PBGs for rate contracts are to be liberalized, according to well placed sources.
8This is likely to come as a big relief for regular rate contract suppliers to ONGC.
8The tendency of the company to charge 10% of the full contract value from rate contractors is not serving the interest of ONGC, sources claim.
Click on Details for more Details
The rules for calculating the value of PBGs for rate contracts are to be liberalized, according to well placed sources.
8This is likely to come as a big relief for regular rate contract suppliers to ONGC.
8The tendency of the company to charge 10% of the full contract value from rate contractors is not serving the interest of ONGC, sources claim.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Rate contract for maintenance of RoW facilities in Mainline of BKPL & HBPL, Barauni Oil Refinery Details
8Gas Sale from Pundi Field of Cauvery Asset Details
8Automated Ultrasonic Scanning of two Propylene Mounded Vessels, Mumbai Refinery Details
8Procurement of Shot Peened Pipes and Lap Joint Flanges for Pnuematics Conveying Line of LLDPE Plant, Pata Details
8Appointment of Consultant for formulating Policy on Joint Venture and Subsidiary Companies of GAIL Details
8Refurbishment of Cathodic Protection System, Mumbai Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Chennai Petroleum shares down over 2% as net profit halves Details
8Govt looks to boost use of natural gas for cooking, cars Details 
8Durg plant to churn out cooking gas from food waste in Chattisgarh Details 
8Colombia's largest oil union to vote on possible strike Details
8Oil India shares gain despite weak June quarter result Details
8On back of a successful pilot scheme, government plans national launch of kerosene DBT Details
8India can double domestic gas production in 5 yrs: GE's Bhandari Details
8India looking at alternatives to crude oil imports, says Nitin Gadkari Details
8ONGC net profit down 21% in the June quarter Details
8Resid Upgradation project reaches 88 per cent progress: CPCL Details
8India to grow at 7.5% in FY17: D&B Details
8GAIL Q1 net profits raises 244 per cent to Rs 1,355 crore Details
You can also click on Newsclips for more Details
Cairn India Ltd is one company which is great at making attractive presentations.
8A story is best told today not in long written statements but though attractive presentations.
8Some of the best companies in the world, including Exxon Mobil and Shell, or even a company such as Rosneft, have switched to the presentation mode to convey the grandeur of their ambitions.
8And no one in the oil and gas industry tells it better than Cairn.
8It is time other companies learn the trick of selling their stories to investors and other stakeholders.
8Compare the Cairn presentation to that of the MRPL Chairman's drab speech and you will know the difference.

8ONGC needs to get a new set of people to write speeches and draw out presentations. An art that will arguably bring in rich dividends.
Click on Reports for more.

Details
Are you aware of the business development activities coming up in MRPL.
There is a host of them including:
8A big expansion of its retail outlet network
8Upgrading of MS and HSD facilities to prepare for new emission norms
8A new LAB plant
8A petcoke gasification project
8Ethylene/benzene/styrene production system
Click on Reports for more Details
The competition has widened for the B-127 Cluster Pipeline project in Mumbai High after it was re-tendered following the inability of the earlier consortium -- that of Punj Lloyd and PT Sempec -- to execute the job.
8Swiber Offshore Construction Pte Ltd was about to be edged out of the competition -- as it violated a condition of the BEC -- but it managed to slip back in with some very powerful lobbying.
8There are four companies now in the race for the big job.
Click on Details for more. Details
Indraprastha Gas Ltd is expanding its piped natural gas market in Delhi at the rate of 75,000 to 1 lakh connections every year but that is clearly not the pace at which it can cover up this vast city anytime soon.
8The connections targets are set by the babus in the petroleum ministry but clearly the vision is lacking.
8The company's expansion plans -- a total of Rs 1300 crore spread over other geographical areas as well -- are not in sync with the ambitions of the city itself.
8To be able to achieve the critical mass, or the point of inflection when a city takes to use of gas in a massive way, as have Delhi's counterparts in Shanghai, Beijing and New York, both the government and IGL will have to do much more.
8This is the right time to push further, given that the price of domestic gas is so cheap and imported LNG prices are also likely to stay low for the forseeable future
8Its marketing monopoly has ended in 2011 but new players face significant entry barriers.
8Unless the PNGRB and the government move to free up the markets in Delhi, the dream of a gas led future will still remain a distant one.
Click on Reports for more Details
Even as H-Energy accused the PNGRB of bias, IOC has filed a petition for award of the pipeline to it on the ground that it was the second highest bidder for the pipeline.
8The regulator has rejected IOC's proposal.
8Under normal circumstances, the second highest bidder should be given the opportunity, IOC has claimed
8But find out why the regulator thinks otherwise.
Click on Reports for more Details
There is still a lot of debate going on in ONGC over how to black list a company or put it on holiday in case of a serious default.
8And the jury is still out on what the final contours of the new policy is going to be.
8It is leant that a panel of officers will now be constituted and trained to do the enquiry and this panel will work over different work stations.
8Specific timelines will also be given to ensure that the job gets done Details
PNGRB has now decided to revamp its bidding out process as well as the expression of interest mechanisms.
8A consultant is to be appointed to figure out alternative bidding models
8The current one does not seem to be working properly as it is mired in controversy and litigation
Click on Reports for more Details
The rejection of H-Energy's bid to build the Contai-Duttapulla-Jaipur-Dhamra-Cuttak-Paradip gas pipeline by the PNGRB has not gone down well within the company.
8It has now filed a petition, claiming that PNGRB was influenced by excessive lobbying done by IOC to scuttle its project.
8H-Energy claims that it secured the highest marks and yet its proposal was rejected and this is because of intense lobbying by its rival
8The regulator has rejected the claim but there is more to this developing story
Click on Reports for more Details
Should a firm be suspended from doing its work when a pronouncement is made to either ban it or put it on holiday.
8The answer is not clear yet.
8Some within ONGC is of the view that suspension of work is not possible as timeline for projects will be adversely impacted.
8But the petroleum ministry has circulated a set of suspension procedures that calls for the opposite
Click on Details for more. Details
For reference purposes the website carries here the following tenders:
8EOI for carrying out integrated fracture modeling for basement of Mumbai High Field, Western Offshore Basin Details
8Carrying out Subsea Well Intervention activity for Subsea Wells Details
8Supply and Commissioning of VCB along with protection and metering system through retrofitting at existing HT Panel, Dibiyapur Details
8Integrity Assessment Survey of Non-Piggable Pipelines of JLPL Details
8Carrying out Internal Corrosion Direct Assesment of NG and LPG pipelines Details
8AMC for Hydrojet Cleaning of Heat Exchangers in Downstream Units of PC-I & PC-II, Pata Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India will soon be zero petroleum import country: Nitin Gadkari Details
8RIL's Hazira plant under lens for alleged excise duty evasion Details 
8MRPL to meet BS VI norms well ahead of April 2020 deadline Details 
8India to increase share of gas in energy mix to 15%: Dharmendra Pradhan Details
8IL&FS Eng Services wins Rs 173 cr pipeline laying contract  Details
8Vedanta Resources shareholders approve Cairn India Merger Details
8Rosneft, Essar meet to expedite $2.8-bn deal Details
8Dharmendra Pradhan launches 'Gas4India' campaign to boost natural gas use Details
8Oil market drifts lower on deal doubts Details
8Niti Aayog working on second list of PSU divestment Details
8OMCs targets 30 L new LPG connections in Odisha by 2018 Details
8OIL Q1 Net Profit down 56 per cent Details
8EIL signs pact with IOC for implementation of BS-VI norms Details
8Indian Oil's stake in proposed refinery tied to entry of strategic partner Details
8Indian Petronet LNG reports sharp surge in net profit Details
8Alternative fuel can cut import bill: Nitin Gadkari Details
You can also click on Newsclips for more Details
Chile has just contracted for the cheapest unsubsidized power plant in the world, according to news reports.
In last week’s energy auction, Chile accepted a bid from a Spanish developer 120 megawatts of solar at the stunning price of $29.10 per megawatt-hour (2.91 cents per kilowatt-hour or kwh).
8This comes to less than Rs 2/kwh.
8This beats the 2.99 cents/kwh bid Dubai received recently for 800  MW of power.
8For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
8Clearly, coal fired power cannot compete at these rates.
8Already, India's new coal based ultra mega power projects are no longer viable.
8But what happens when solar energy is turned off at night?
8There will be the requirement for quick-start gas based power plants which will run on expensive LNG.
8But it will be only a matter of time before disruptive battery storage technology moves in to plug the gap.
Click on Reports for more. Details
The study provides a detailed set of arguments backed by data to prove how gas demand will decline within the next 10 years.
8The study say existing gas networks will be put to alternate usage once gas demand begins to go down.
8The networks will be used to transport biomethane or biogas, biopropane (an alternative to LPG), bio-synthetic gas and hydrogen.
8Technology is moving very fast in this direction. Innovations like heat pumps, electricity storage and the use of hydrogen as power-to-gas will change the rules of the game.
8It is calculated that by 2050, gas consumption will be only 12% of the current demand.
8The study looks at how gas demand will eventually be eliminated in transportation, industrial enterprises, power generation and buildings.
Click on Reports for more Details
An explosive new study has used a large amount of data to show that natural gas is unlikely to act as a cost-effective "bridge" to a decarbonized world except in the short term.
8Gas demand will rise up to 2020 to 2025 (depending upon the country) before declining, the study concludes.
8The time scale by when gas demand will decline will vary in different parts of the world, depending upon many local factors
8Gas is likely to provide a short-term stop-gap until low or zero carbon energy sources can come on stream, the report says.
Click on Reports for more Details
RFQs are also likely soon for fresh POL tankage facilities amounting to 50,000 tonnes
Tankages will be needed for:
8Bio-diesel
8Hexane/MS Ethanol
8HSD, SKO, ATF and Bio diesel
8Fire fighting
8The project cost has been estimated at Rs 160 crore
8Project completion date is 28 months after eliciting all clearances
Click on Reports for more Details
RFQs are also likely soon for a new LPG storage facility
8The requirement is for a 4 x 500 MT Mounded Storage Facility
8A 24-head automatic electronic carousel will also be fitted in
8Related fire fighting facilities will also be needed
8Estimated project cost is Rs 115 crore
8Project completion schedule is 20 months
Click on Reports for more Details
RFQs are likely soon for a 24 well onland drilling programme.
8The cost of the project is slated to be around Rs 500 crore.
The following details are carried here;
8Location of the wells
8Well depth
8Type of drilling rig required
8Mud system and cuttings
8Cementing programme envisaged
8Power supply needed
8Fuel consumption at site
Click on Reports for more. Also click on Details for the name of the key owner contact for the project along with telephone numbers Details
Clearly this report needs to be read seriously by gas players in India, particularly those who are depending upon a massive surge in gas demand in India for years to come.
8The surge may not happen as new technology makes inroads and solar power and wind power begin to get even cheaper.
8Their business models will have to be stress tested for new and disruptive technologies that may be in the offing.
8If gas demand begins to go down by 2025, then LNG terminals built with long payback periods may no longer be viable.
Click on Details for more Details
Gurgaon based Quippo Oil and Gas Infrastructure Ltd seems to have upset the applecart by winning a four year contract for a Category-III drilling rig against all odds.
8Find out how Quippo bagged the deal despite the fact that ONGC and its Independent External Monitors had rejected its bid on the ground of not fulfilling the financial criteria given in the tender document.
Click and Details for more Details
As Quippo has emerged from behind to grab the rig tender, a competitor has moved court against the order that upheld Quippo's right to stay on in the tender.
8The court however has refused to stay the award in favour of Quippo while it deliberates on the competitor's petition.
Click on Details for more Details
The Quippo offer has seen the hire rates for onland rigs reach new lows.
8Click on Details to find out what the new rates are
8Also find out how much were the quotes from the L-2 and L-3 competitors
8What were the rig operating and non operating day rates as well as the equipment break down day rates.
8There is the need for another rig.
8How is ONGC going about the contract for the second rig?
8The website interviewed sources in ONGC as well as the bidders to piece together the information. Details
For reference purposes the website carries here the following tenders:
8Carrying out Seismic Survey Operation for acquiring 2D Seismic Data of 5000 shots using manual dheki & Mechanized drilling rig Details
8Carrying out Equipment Erection & Piping Works at Mathura Refinery Details
8Procurement of Reformer Package at Gujarat Refinery for BS-VI Project Details
8Supply of Gas Turbine Spares, Digboi Refinery Details
8Transportation of Cryovessel from IOCL, Nasik as per tender Details
8Carrying out Seismic Survey Operation for acquiring high density 3D Seismic Data, Assam Details
8Consultancy services for end to end assessment and implementation of GST for BPCL, its Subsidiaries and JV Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Crude edges down on oil glut worries Details
8Odisha not cooperating in Ujjwala implementation: Oil secy Details 
8Oil prices bounce from early losses in Asia Details 
8Oil pipeline protest turns violent in southern North Dakota Details
8Secretary, Ministry of Petroleum & Natural Gas visits the proposed Strategic Petroleum reserve site at Chandikhol, Odisha Details
8Petronet LNG net up 55% at Rs 377.86 cr in June qtr Details
8Brokerages eye govt’s next move after AP Shah committee report to guage impact on RIL Details
8Andhra Pradesh to get Rs 52,000 crore petroleum package Details
8Saudi-Russian joint statement on oil market cooperation Details
8Oil block auctions under Hydrocarbon Exploration Licensing Policy by early next year Details
8Despite cuts, Big Oil to expand production into the 2020s Details
You can also click on Newsclips for more Details
A competent business development manager should know who are the key project personnel to stay in touch with, both at the level of ONGC and at the level of the Owner Engineer Consultant
8This is a necessity if they want to stand a fighting change of landing any of the contracts for the job.
8This is the most critical phase of the project when the technical specifications are built up. These specifications can either include or exclude companies from the $ 5 billion race
8This is when a lot of effort will have to be put in. 
8Owners of equipment and service companies must question their field personnel on what effort they will put in or have already put in to be able to eventually get them into the tenders that will be floated. Are they aware of the kind of specifications which are being created for their equipment and services?
8If managers are not in the loop now, it will be impossible to prepare bid documents in the time given after tenders are formally announced.
Click on Reports for details on key project personnel involved in this massive project. We provide here up to 10 key names of personnel who are involved in the job, from both the perspective of the owner and the contractor Details
The PNGRB has come out with the draft guidelines for determination of transportation tariffs for CGD entities
8The regulation is called "The Petroleum and Natural Gas Regulatory Board (Determination of Transportation Rate for CGD network and Transportation rate for CNG) Regulations, 2016
8Suggestions have now been sought on the draft regulations
Click on Reports to download a copy of the guidelines Details
The central exchequer will swell by an extra Rs 55,000 to Rs 60,000 crore in 2016-17 from excise duties on petrol and diesel, according to recently revised estimates.
8This will happen even if the basic excise duty levied on MS and HSD continues unchanged in the remainder of year.
8What is assumed however is that these items will grow at an average of 5% .
8Then again, since basic excise duty is shareable with the state governments, 42% of these incremental collections would be devolved to them. 
8This is equivalent to Rs. 22,000-24,000 crore.
8This is a very sizeable amount in relation to the estimated devolution of excise on fuels of Rs. 36,400 crore in 2016-17
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Find out more on what Petronet LNG is doing on developing new business streams, including:
8LNG Bunkering
8LNG through trucks
8LNG as automotive fuel
8LNG as marine fuel
8LNG powered locomotives
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Petronet LNG has projected an average spot price of $ 5/mmbtu in 2016 but expects it to climb above this level when winter begins towards the end of the year.
8It is estimated by PLL that the ramp-up of new projects that started-up since end 2014, including the start-up of new projects in 2016, will add almost 25 MMT of new LNG into the market over the course of 2016. Interestingly, the company has observed that spot demand will decline in 2016 in Asia as long term contracts from US and Australia push out spot volumes.
8But PLL predicts that the terms of contracts for LNG will change as will the indexation of LNG prices (not just to oil but also to hub prices) and slopes of pricing formula when indexed to oil.
Click on Reports to know more. Details
The full commissioning of Petronet LNG Ltd's expanded capacity at the Dahej LNG terminal -- from 10 to 15 MMTPA -- is expected by Q-4, 2015-17.
8However, commissioning activities have begin with some incremental send-out of LNG to its customers from the expanded capacity.
8Meanwhile, the company is in the process of awarding EPC contracts for a further expansion of capacity from 15 to 17.50 MMTPA of LNG. 
8This will involve the addition of one more storage tank of 2.5 MMTPA capacity.
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The newly appointed Owner's Engineering Consultant has already begun work on 60 different categories of the project
8The idea is to draw up the technical specifications quickly enough for the tendering process to begin.
8Find out the timelines by which tenders are to be floated and the details of the various packages which are to be prepared
8The consultant is reported to be under pressure from the ONGC brass to be able to come up quickly with fit-for-purpose deliverables that will go with the FEED specifications.
8Internationally competitive bids are to be invited based on these specifications.
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