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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.

Sep 2017

What are the main ingredients needed for the success of an exploration policy?
8A seven point scale has been worked out to judge how good an exploration policy should be
8What do investors look for?
8And does India's new policy fulfill the criteria?
Click on Reports for more   Details
As signs of recovery emerge, find out more on what types of resources global companies are tapping first
8Are they going for high-risk assets or are they targeting conventional back-of-the-yard resources?
8How important are M&As now in the scheme of things?
8Is increased recovery a priority?
Click on Reports for more Details
The face-off with Iran over the Farzad B gas field seems to be not going in India's favour, for now
8India's decision to cut Iranian crude imports comes even as China increases its purchases
8Even though India is less of a buyer, Iranian crude exports are going up.
8India is no longer the second largest purchaser of crude.
8This position is taken over by South Korea
8The issue, therefore, is whether the diminishing Indian clout will help or restraint India's ability to do deals with Iran
Click on Reports for more Details
The non-subsidized LPG market seems to be doing well as is evident from a study of a bottling plant being set up by a private player in India
8The commercial market is large and the fact that subsidy leakages are being plugged by the Modi government has worked in favour of private bottlers
8Since public sector companies have a monopoly, putting the upstream infrastructure in place is of essence for a private bottler.
8Will there be a mushrooming of privately owned LPG bottling plants in India?
 Click on Reports to find out more Details
Find out more on how OPEC production cuts have caused the VLCC market to crash
8The VLCC oil storage market seems to be in rapid decline
8The website carries here monthly data on non-trading VLCCs right up to August 2017
Click on Reports for more Details
Find our more on how OPEC price cuts are beginning to bite
8And how robust global demand for oil is reviving the market once again
8But the revival of POL demand in the Indian market remains uncertain as all key indicators seem to point to a rather long period of lackluster performance.
Click on Reports for more Details
Sources told this website that the environmental clearance has been granted and a clarification process is currently on to select the LSTK contractor
8Site clearance work is going on, and tenders are out for that work
8A decision on the LSTK contractor is likely to be taken in October, 2017
8There will be a requirement for 2.2 MMSCMD of gas
Click on Details for more, including key contacts Details
Phosphoric Acid Expansion Project 
8Cost - Rs 1100 Crore
8Project Description: A Fertilizer company is awaiting environmental clearance for its phosphoric acid expansion, from 50417 to 131744 MTPA at Dahej, Gujarat. The company has a 90 MW gas based power plant. A preliminary pre qualification process will be ongoing, subsequent to which a tender for an LSTK contract will be taken out. 
8Project Event: Tender for LSTK contractor for the phosphoric acid unit is likely to be released in end September or early October 2017
Click here for more information Details
8Project Name:Greenfield Hydroelectric Power Station
8Project Cost: Rs 4500 Crores approximately
8Project Description: The owner is planning to set up a 460 MW (4*115 MW) hydroelectric power station near village Nakthan in district Kullu of Himachal Pradesh. The HEP shall have a concrete gravity type dam. The DPR has been prepared and the project is currently in the process of obtaining various clearances. RFQ for civil work, hydro-mechanical package, electrical package and control & instrumentation (C&I) package are expected to be out in 2018.
8Expenditure Approval: 2014
8RFQ Date: Q3:2018
8Release Date: Q4:2018
8Start Date: 2019
8Completion Date: 2024
Click here for more information 
8Project Name: Hydroelectric Power Greenfield Project
8Project Cost: 3154 crores
8Project Description: The promoter along with the consultant, is carrying out site survey activities for environment clearance for a 270 MW (2*135 MW) greenfield hydel project in the West Khasi Hills District, Meghalaya. Currently DPR has been submitted to the MoEF for TOR clearance and CEA for techno-economic clearance. Environment Clearance is likely to be elicited by 3rd Quarter of 2018.
8Project Event:  RFQ for an EPC contractor is expected by 3rd Quarter of 2018.
8Expenditure Approval: Q1:2018
8RFQ Date:Q3:2018
8Release Date: Q4:2018
8Start Date: Q1:2019
8Completion Date: Q2:2024
Click here for more information Details
Find out more on why a small but highly ambitious indigenous E&P company is trying to buy up all the gas offered from marginal and isolated fields by ONGC across the country.
8What is the rationale behind such purchases?
8Why is the company willing to pay a premium over the reserve price for such gas purchases?
8And is it succeeding in its endeavor to corner the gas?
Click on Details for more Details
Finding a business plan for gas from isolated ONGC fields stretching from Rajahmundry to Assam is never an easy proposition.
8Had an easy plan been available, ONGC, or for that matter Oil India Ltd, would have long monetized these fields
8Find out more on whether this mystery purchaser has been successful in adding value to its gas purchases from these fields
Click on Details for more Details
It looks like ONGC is not very impressed by the buyer's capability to put together a viable pan India network to monetize gas from isolated and marginal fields
8The E&P major seems to be hesitating in offering gas from five more isolated fields even though the bidder tried hard to corner the allocations.
8Why is ONGC fighting shy?
8Would ONGC rather flare the gas than allocating it?
Click on Details to know more Details
For reference purposes the website carries here the following tenders:
8Supply of Microprocessor Based Digital Density Meter with accessories for the measurement of Density of Liquid Petroleum Hydrocarbon Samples Details
8Carrying out EIA/ RRA Study for Bina MP, Bargargh and Khamgaon Details
8License and BEDP fee for 2G Ethanol Plant at Bargarh Details
8Subscription of Cost Estimating Software for OALP and other upstream oil and gas projects Details
8Procurement of Valves at refinery Details
8Procurement of Poly Aluminium Chloride Details
8Global Expression of Interest for provision of As-Building Services (Including Scanning & 3D Modeling) for specified blocks Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Crude price fall: How all but the consumer gained Details
8SC paves way for trial against RIL in 1987 excise evasion case Details 
8Petrol price hike: OMCs to bear the brunt? Details
8Uttarakhand government, Indian Institute of Petroleum to sign MoU for making bio fuel soon Details
8Oil minister Dharmendra Pradhan rules out intervention on daily fuel price revision Details
8Indian company gets US grant to develop coalbed methane Details
8Lower price of imported gas to benefit Indian companies Details
8BPCL becomes third oil company to join Maharatna club Details
8India sees lowest fuel demand in 14 years Details
8Petrol, diesel should come under GST, says Pradhan Details
8BPCL eyes GAIL, Oil India for merger Details
8Why Canadian oil and gas should take a shot at meeting India’s energy demand Details
You can also click on Newsclips for more    Details
8Project Name: Gas Power Station Maintenance Project
8Project Cost: 14 crores
8Project Description: The owner has planned a 4-days scheduled maintenance of Unit-2 (88.7 MW) in the 419.3 MW Gas Based Power Station covering major inspection (type C) of equipment which includes overhauling of auxiliary parts of the gas turbine set and compressor parts.
8Project Event:  RFQ of maintenance is expected by first week of October 2017.
8Expenditure Approval:  Q2:2017
8RFQ Date: 7/Oct/2017
8Release Date: 28/Oct/2017
8Start Date: 20/Jan/2018
8Completion Date: 23/Jan/2018
 Click here for more information
8Project Name: Greenfield Hydroelectric Project
8Project Cost: Rs 600 Crores approximately
8Project Description: The owners are planning to construct a 60 MW (2*30 MW) hydroelectric power plant through their SPV. The HEP shall be set up near Rispa village in district Kinnaur of Himachal Pradesh. At present, the DPR is being prepared. RFQs for major electro-mechanical components are expected to be out in early 2018.
8Project Event: The proponents are expected to accept RFQs for major electro-mechanical equipment (including turbine and generator) from the first quarter of 2018.
8Expenditure Approval: 2013
8RFQ Date: Q1:2018
8Release Date: Q3:2018
8Start Date: 2019
8Completion Date: 2024
Click here for more information Details
LNG portfolio sales are a recent phenomena.
8The website carries here the full details of portfolio contracts by all major portfolio players in the world going up the year 2044
8An analysis shows that by early 2020 top 4 LNG portfolio suppliers (BG, Total, Shell, BP) accounts for 25 out of 42 portfolio contracts; these are the same companies who started portfolio sales strategy with BG as its main driver.
8But other players have begun getting into the list and the monopoly of the big players is set to erode over time. But GAIl does not figure in this list
A detailed list of such contracts worldwide as of 2017 are given here in terms of:
8Average annual contract volume
8Total contract volume
8Earliest start date
8Latest end date
8Number of contracts
8Peak volume per year
8Peak year
8Contract volume as percentage of LNG equity production.
Click on Report for more. Details
The website carries here a detailed investigation of the two emerging trends in the LNG market that GAIL has not been able to take advantage of, as a consequence of which it has been forced to look at bringing the bulk of the US LNG commitments to India, the only market is is familiar with.
8One is the point to point asset specific sale of LNG, which GAIL is familiar with, and the other is an integrated production, supply, trading and marketing (ISTM) sales strategy that GAIL has not been able to come to grips with.
8The ISTM approach allows for both spatial (optimization between different locations) as well as temporal (optimization between different time frames) flexibilities.
8The latest data carried here by this website will show that all the big names with equity LNG are already heavily into the portfolio business as part of their ISTM strategies, with portfolio deals stretching well into the future.
8GAIL, an equity holder for 5.8 MMTPA of LNG out of the US, seems to have missed the portfolio bus almost entirely.
8Except for placing a small quantity of LNG on a long term basis, the Indian gas major has not been able to push its way through in this highly sophisticated and competitive market.
8GAIL's approach so far has been one dimensional and ham handed: that it will somehow be able to garner sellers in Europe or somehow bring the LNG to India, either directly or via the swap mechanism.
8But GAIL seems to have been both out gunned and out maneuvered. 
8GAIL has been reactive when it should have been proactive. All it really does is to float an international tender to swap or sell its LNG commitments, much the same way as it does when ordering for a spot cargo India, and then wait for someone to respond.
8But as the Indian gas major waits for a response, more agile players would have already tied up the business.
8It is too late for GAIL to learn the tricks of the trade, as it requires a sophistication of approach and specialized manpower that the company lacks.
8The company has no option but to offload its US commitments into India at a huge discount.
8A hit of USD1/mmBtu if not more -- which all but inevitable as of now -- could wipe out as much as 22% of GAIL's EBIDTA.
8Everyone is now waiting to figure out what is going to be the exact level of discount -- as that will depend on the prevailing ex-ship LNG price in India -- and by how much will GAIL's profitability be eroded by the discount. 
Click on Report for more Details
An analysis of the deal struck by Petronet LNG Ltd with Exxon Mobil's Gorgon LNG for lowering of the price for the supply of 1.44 MMTPA of LNG for 20 years has two positives.
8The delivered price will be revised lower to $ 7.6/mmbtu as per the new formula versus $ 9.0/mmbtu earlier.
8Exxon Mobil has agreed to price Gorgon LNG at a 13.9% slope to prevailing Brent price at the port of delivery (delivered ex-ship - DES) instead of the previously decided 14.5% slope to the oil rate at the port of loading (free-on-board - FOB).
8Thus, not only is there savings from lower oil indexation, but there is an estimated USD1/mmbtu pruning too arising from shipping cost from Australia to India.
Click on Reports for more Details
8L&T Construction Wins Orders Valued at Rs 2525 crore. Click on Report for more.
8The share price of HPCL is in a secular uptrend as it continues to conquer uncharted territories in a rising peaks and troughs manner indicating persistent demand at elevated levels. Find our more on what this technical analysis says. Click on Report for more.
8The return of the roll-on/roll-off service of multi purpose vessels from the US to the Indian sub continent. Click on Report for more. Details
The lowering of the Gorgon LNG price will have benefits for end consumers of the Kochi terminal
8Find out by how much the biggest consumers of LNG out of Kochi will benefit.
8How does Petronet LNG stand to benefit from the deal?
8What are the savings overall at full ramp up of the Kochi terminal?
Click on Reports to know more Details
All eyes are now on GAIL and whether it will be able to wrangle a concession out of the US terminal owners with which it has a deal to lift a massive 5.8 MMTPA of LNG annually.
8Expect for a small portion of the offtake being sold to Shell while time swapping some more parcels, GAIL has been struggling to find a market for its US LNG offtake commitments.
8Eventually, at least for now, the consignments are headed for India.
8 Find out more on the kind of losses that GAIL stands to face out of its US commitments.
Click on Reports for more Details
After the advent of driverless electric cars, it is now time to usher in what are now called fully electric autonomous vessels that will sail the oceans.
8Operation of such a vessel is planned to start in the latter half of 2018, shipping products between ports in Europe.
8The vessel will be manned initially but will move to remote operations in 2019
8Shipyards are now working on a prototype offshore support vessel that will go through the same stages towards fully autonomous operations.
Click on Reports for more Details
The website carries here a framework for a layout design of greenfield shipyard in East India.
8All design parameters are carried here
8As also possible demand and supply parameters
8The kind of ship repair and manufacturing activity that will be undertaken are also documented
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Find out the delivery timelines and capex for the following HPCL projects:
8Vizag refinery modernization project
-- Timeline for placement of orders for HGU, FCHCU, ISOM
8Mumbai refinery expansion project
-- Purchase order dates for APS column and HGU
8Expansion of Mundra Delhi pipeline
-- Completion of procurement, and orders for mainline pumps
8VVSL capacity expansion
-- Procurement of line pipes and purchase orders for mainline pumps
8Uran Chakan LPG pipeline
-- Completion timeline
8Propylene recovery unit
-- Site clearance deadline
8RBPL capacity expansion project
-- Orders for mainline pumps
8Various LPG projects
--Activity timelines
Click on Reports for more Details
This website had argued last week that Euro VI guidelines for diesel may well make CNG an unviable fuel as the rationale for providing subsidized gas to the CNG industry will get diluted.
8CNG is a less efficient fuel and has low laminar burning velocity which makes it more prone towards knocking.
8All kinds of ideas -- including mixing it with other fuels --  are now floating around to keep CNG a viable fuel for automobiles.
8The website carries here one such idea that City Gas Distribution companies may find helpful
Click on Reports for more Details
Want to know more about the LNG industry? Here are some details on:
8Export Competitiveness of Middle East’s LPG
8Iran - Outlook of LPG Production & Export Capacity
8LPG: One Product, Two Different Stories (Propane vs Butane)
8LPG Petchem Demand: Steady or Swing Demand?
8The present & potential of the retail market - what lies behind retail growth & how far can this be sustained?
8LPG Shipping & Freight Market Development
Click on Reports for more Details
The gen set business in India is going through a slow but difficult makeover
8Instead of being a primary source of power, gen sets are now increasingly being seen as a standby resource.
8Currently, India has surplus power, with a massive 300GW of installed capacity while what is actually distributed is between 160-170GW. The plant load factor is low.
8Faulty distribution networks will mean that gensets in India will be needed for standby power for a long time to come
8But disruptive electric storage technology can become a game changer and impact the industry adversely
Click on Reports to find out more on how the industry plans to cope with dramatic changes that are coming its way Details
Sulphuric Acid and Captive Power Unit Expansion Project  
8Cost - Rs 300 Crore
8Project Description: A Fertilizer company is awaiting environmental clearance for an expansion of its Sulphuric acid from 147825 MTPA to 220825 MTPA and its Captive Power Unit from 30 MW to 55 MW at Ujjain In Madhya Pradesh. The capital approval has been obtained and the public hearing process leading up to environment clearance continues.The equipment requirements are Steam Turbine Generators, Economizers, Reheaters, Boilers, Sulphur Combustor, Drying Towers, Vapor Separators, Converters, Absorbers, Absorber Exchangers, Sulphur filters, Sulphuric Melting Tank, Motors, Pumps, Boiler and its auxiliaries, Turbine and its auxiliaries, ESP, CHP, Chimney, Generator, Cooling Tower, AHP, Switchyard, Electrical equipment among others.
8Project Event: RFQs for LSTK contractor is likely to be released in November 2017
Click here for more information
Captive Power Plant Greenfield Project  
8Cost - Rs 200 Crore
8Project Description: A Fertilizer company is planning a Greenfield Captive Power Unit with a capacity 55 MW at Bharuch In Gujarat. A tender for a contractor will be released after environmental clearance is obtained in the next 1-2 months. The equipment requirements are Boiler and its auxiliaries, Turbine and its auxiliaries, ESP, CHP, Chimney, Generator, Cooling Tower, AHP, Switchyard, Electrical equipment among others
8Project Event: Tender for an LSTK contractor is likely to be released in November 2017
Click here for more information
Sulphuric Acid Expansion Project 
8Cost - Rs 100 Crore
8Project Description: A Fertilizer company is planning an expansion of its Sulphuric acid plant from 138700 MTPA to 219000 MTPA at Bharuch In Gujarat. Project The proposal for the environmental clearance was accepted in June 2017. The tender for an LSTK contractor will be released after the clearance is elicited. The equipment requirements are Steam Turbine Generators, Economizers, Reheaters, Boilers, Sulphur Combustor, Drying Towers, Vapor Separators, Converters, Absorbers, Absorber Exchangers, Sulphur filters, Sulphuric Melting Tank, Motors, Pumps and more
8Project Event: Tender for an LSTK contractor is likely to be released in November 2017
Click here for more information   Details Details
8Project Name: Dual CNG-Diesel usage in onland drilling rigs
 8Project Cost: Rs 50 Crore.
 8Project Description: The operator is planning to power drilling rigs with Compressed Natural Gas (CNG) in addition to the already existing diesel mode. The project involves utilization of a dual fuel combustion system to power diesel engines, which in turn would be used to run  drilling rigs. The CNG will be supplied from the GGS. Currently, dual fuel option is being tested on one engine. An EOI for Cascades, filling system, transportation and decanting has been floated from promoter's end. A bidder meeting is scheduled for September. Further RFQ's are expected shortly.
The mechanical equipment required would be Air Filter, Gas Mixer, Turbo Compressor, Gas Metering Control Unit, Knock Sensors, Dual Fuel Controller, Safety Valves, Controller, Common Rail System.
 8Project Event: RFQ's for hiring the mechanical equipment for Dual Fuel Combustion engine is expected by January 2018
 8Expenditure Approval: Oct/2017
 8RFQ Date: Jan/2018
 8Release Date: Feb/2018
 8Start Date: Mar/2018
 8Completion Date: Dec/2018
Click here for details
8Project Name: Brownfield LPG Import Terminal Project
8Project Cost: RS 800 Crore
8Project Description: An existing company along with the PMC contractor is planning to expand its existing capacity from 0.6 MMTPA(2X15000=30000, 2X150) to 5 MMTPA(4X15000, 3X600, 2X150) in the LPG import terminal plant in Gujarat. Environmental clearance is expected by February 2017.
8Project Event: RFQs for procuring equipment is expected by November 2017.
8Expenditure Approval: Q2:2017
8RFQ Date: Q4:Nov/2017
8Release Date: Q1:Jan/2018
8Start Date: Q1:2018
8Completion Date: Q2:202
Click here for more detail Details
The fact that GAIL is seeking renegotiations of the long term LNG supply terms with its US and Australian suppliers is something to watch out for.
8All suppliers are likely to resist a price renegotiation. A signed deal is held sacrosanct particularly in the US and the covenants can only be changed mutually. If like GAIL, all buyers were to seek renegotiation of signed contracts, all hell will break lose in the LNG market.
8GAIL's ability to maneuver a price revision will depend entirely on whether it can garner support from other off takers from the terminals in which the gas major has forged supply agreements. Or else it may well risk becoming a pariah among the buyers. 
8The Americans are unlikely to take kindly to GAIL's plea for a roll back to signed agreements as they have back-to-back arrangements with their financiers in relation to the fixed price elements of their contracts with buyers and any price revision will upset this fragile equilibrium.
8According to reports, GAIL wants the landed cost of their US cargoes to be lowered to around USD 7-8 per mmBtu as against the present USD 9.7. This is far too deep a price cut for any Terminal owner to agree to. Eventually, GAIL is staring at a loss, but by how much will depend on how the current round of negotiations with its US counterparts turn out for the gas major.
8If negotiations fail, it will end up in ugly litigation, which will be a big loss of credibility for GAIL.
8Petronet clearly had more leverage than GAIL in getting a discount from Gorgon LNG, as the price of gas is indexed at 14.5 per cent of prevailing oil rate, which is arguably very high and there was scope to bring it down.
8The question then arises whether GAIL can walk away from its US commitments if losses are going to be high? 
8The pros of cons of reneging on the deals may have occurred to GAIL. Weighed against punishing litigation is the prospect of containing a splurge of red ink on its balance sheet from next year onwards. 
Click on Details for more  Details
For reference purposes the website carries here the following tenders:
8Lining up of Consultant for carrying out Plant Cost Estimation of Sulphur Recovery Unit at refinery Details
8Supply of Digital Multi-function Calibrator at HMRB Pipelines Details
8Provision of PCC below product and hydrant Pipelines at CBMT, Narimanam Details
8Sale of Hydrogenated Pyrolysis Gasoline Details
8Rate contract for Laying & Maintenance of underground Carbon steel pipelines and miscellaneous works inside installations in various fields of Mehsana Asset Details
8Hiring of services for one High Pressure Mobile Steam Generating Unit with operating crew for Surface Installations of Jorhat Asset Details
8Procurement of Centralisers of various sizes Details
8Hiring of Expert Services for Hydraulic Bolt Torqueing and Hydraulic Bolt Tensioning job in C2C3 Plant Details
8Transportation of packed LPG cylinders to LPG filling plants at Bareilly and Haldwani Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Petrol, diesel prices at three-year high Details
8Flood affected India's oil demand falls the most in 13 years Details 
8Cabinet nod to Rs 3000 crore project for oil, gas reserves appraisal Details
8Power plants step up buying natural gas after coal shortage Details
8OPEC sees oil rebalancing under way, further inventory declines Details
8Eni-Total fail to find exploitable gas off Cyprus Details
8GAIL swaps 60 pc of US LNG volumes: Chairman Tripathi Details
8Shell eyes Asia, aims to expand vehicle recharging at fuel stations Details
8Cabinet approves survey of Un-appraised Areas of Sedimentary Basins of India Details
8Cabinet approves plan to boost domestic oil production Details
8India’s oil demand falls 6.1%, the most in 14 years Details
8India to acquire seismic data of 48,000 line kms to boost oil, gas output Details
You can also click on Newsclips for more    Details
Mid-contract review of charter vessel hire rates for PSVs and AHTSs have come under severe attack from vessel owners, which are mostly Indian.
8So much so that ONGC has now been put on the defensive.
8ONGC's apex group of directors are likely to meet soon over the subject to draw up SOPs on when mid-contract reviews, if at all, can take place.
8"ONGC is driving us to the ground," an irate vessel owner told this website.
8The Indian Ship Owners Association has called for an immediate deletion of the Clause from all shipping contracts of ONGC.
Click on Details for more Details
8Project Name: Offshore Field Development
8Project Cost: Rs 1000 Crore
8Project Description: Promoter is planning development of an existing oil field. The project involves drilling of wells with Electrical Submersible Pump System, well platform installation and 3 well clamp-on structure along with associated pipelines and power cables. A peak oil production of 5000 bopd in the year 2019-20, with an incremental oil production of 2 MMT is envisaged from the project.
Further RFQs for the project are expected shortly.
8Project Event: RFQs for hiring EPC contractor for installation of well platform and 3 well clamp-on structure along with associated pipelines and power cables are expected by December 2017
8Expenditure Approval: 23/Feb/2017
8RFQ Date: Dec/2017
8Release Date: Q1/2018
8Start Date: Q2/2018
8Completion Date: Nov/2019
Click here for more details
8Project Name: Refinery Modernization Project
8Project Cost: 144.33
8Project Description: An existing company is planning to install a new unit to produce 250 KTA of Aviation Turbine Fuel (ATF) and 75 KTA of Pipeline Compatible Kerosene (PCK) from its  Refinery. A consultant has been entrusted to carry out the Environmental Impact Assessment (EIA) and Risk Analysis/Assessment (RA) studies for the project. 
8Project Event: RFQs for a project management consultant is expected by November 2017.
8Expenditure Approval: Q2:/2017
8RFQ Date: Nov/2017
8Release Date: Dec/2017
8Start Date: Dec/2017
8Completion Date: Q4/2020
Click here for more information Details
The current price correction should be seen as a one-time correction and this will not be a precedent for any such action later for any other similar contacts Find our more on how the world's largest diesel operated power plant in India maintains its viability.
8It has been able to fit in two-stage steam turbine induction generator to take full advantage of the extra steam that is produced.
8The typical Energy Conservation Steam Turbine can generate incidental Clean, Green Electric Power.
Click on Reports for more on who is the world's best producers of such turbines. Details
Cairn India has recently given an order for drilling fluids to one of the world's largest drilling fuels company in the world
8The company is trying to diversify away from its North Amercian base and is likely to bid aggressively in the Indian drilling fluids market in the future
The producer is likely to take part in all future drilling fluids tenders that involve:
8High performance water-based technology
8Brine fluid system for shale drilling
8Deepwater drilling fluid systems that cater across a wide temperature and pressure spectrum
Click on Reports for more Details
Indian deepwater performance -- by ONGC and RIL-BP -- will have to be benchmarked against the similar assets worldwide.
8Costs have been plunging since 2014
8One edge of the deep water breakeven band is between $35-40/bbl range
8The lower end of Gulf of Mexico costs have also gone below the $50/bbl mark
8These are developments that Indian companies must take into account
Click on Reports for more Details
Supply side enthusiasts have some favourite graphics to explain why new offshore production will be needed to take care of incremental global demand till the year 2030
8Incremental offshore output may eventually come up to as much as new onshore production
8A lot would, therefore, depend upon how cost competitive offshore production is going to be, going forward
Click on Reports for more Details
With more volumes traded and less ships idling, the LNG freight rates have begun improving again.
8Where are the extra volumes coming from?
8And with plants going on stream -- particularly from the US (Cove Point) and Australia (Wheatstone), freight market rates are bound to improve in the coming months.
8For reference purposes, the website carries here a daily LNG carrier rates in its Prices section. Obtain daily price curves from our software.
Also click on Reports for more Details
Whether the glass is half empty or half full depends on which side of the LNG divide you are in
8If you are a supplier, the demand-supply gap appears sooner than if you are a buyer.
8But all projections will have taken seriously as the market is highly sensitive to such signals and it is always good for both buyers and sellers to prepare for all eventualities
8One prominent buyer, in fact, sees a demand exceeding supply a little before 2020 in a presentation given recently
Click on Reports to find out more Details
The RIL-BP regime is in the midst of contracting for development of its KG Offshore programme.
EOIs have been sought for the following items:
8Design and supply of  X-Mas Trees, PLEM, Manifolds, Umbilical Distribution Hub, Subsea Distribution Assembly, Subsea Control System, Umbilical termination assemblies, Tie-in systems, Steel Flying Leads, technical support during installation and commissioning, provision of operational spares, IWOCS, tools and maintenance support during the lifecycle of the field
8Design and Supply of various types of steel tube umbilicals and subsea fiber optic cables including technical support during installation and commissioning
8Supply of SAW Line pipes and bends of API5L X65 grade or DnV 450 grade for Subsea Application
8Supply of DSS / SDSS Seamless Line pipes and bends for Subsea Application
8Supply of CRA lined / clad Seamless Line pipes and bends for Subsea Application
8Design and Supply of unbonded flexible pipes, risers and associated accessories including technical support during installation and commissioning
8Supply of Valves and Actuators for Subsea Application
8Engineering, Procurement, Installation & Commissioning (EPIC) of Subsea Facilities, Pipelines, Risers & Umbilicals for FPSO based Deep Water Field Development
8Charter hire (with option to purchase) and Operation & Maintenance of new / converted FPSO with disconnectable turret mooring system including design, supply, installation, hook-up, pre-commissioning and commissioning
8Project Management Consultancy Services for Deepwater Field Development involving an FPSO Design Review, Appraisal, Certification and Verification Agency  for Offshore Facilities including FPSO
8Services of Marine Warranty Surveyor
8Hole enlargement services
8Liner Hanger supply and services
8Supply and services for Casing Exit system (Whipstock)
8Repair/modification of Mud Plant/Mud Tank Facilities at shorebase
8Procurement, fabrication and Installation of Mud Tanks and associated facilities.
Click on Reports for more Details
8A brand new floating LNG liquefaction plant has been delivered to a shipping company. The flexible unit that is compatible with both conventional and tailored specialized mooring infrastructure. The vessel can be the
 can be mobilized, installed and started up on site within four to six months from contract signature.Click on Report for more.
8Similarly, another barge based FRSU is getting delivered towards the end of 2017. Any takers? Click on Report for more
8Medium term global price charts. Click on Report for more.
8Energy-Hungry India’s Gas Demand Outlook and the Challenges Ahead. Click on Report for more.
8Weekly shipping market report. Click on Report for more.
8Developing 3D Intelligent Model for all the specified locations & Field Verification: A business opportunity. Click on Report for more.                                                                                              

8A gas conference in India. Click on Report for more.

Details
Ammonia and Captive Power Unit Greenfield Project 
8Cost - Rs 1920 Crore
8Project Description: A Fertilizer company is awaiting environmental clearance for a Greenfield project involving the construction of a 1550 MTPD Ammonia plant using syn gas through the coal gasification route and a 2.5 MW Captive Power Unit at Angul in Orissa. The equipment requirements are Steam Turbo Generation unit, Compressors, Turbines, Exchangers, Vaporizers, Sub coolers, Columns, Filters, Pumps, Heaters, Towers, Vessels, Storage system, Coolers, Furnaces, Stacks, Converters, Boilers, Drums, Blowers, Economizers, Preheaters, Reactors, Tanks and more
8Project Event: Tender for LSTK contractor is likely to be released in January 2018
Click here for more information
SSP and NPK Greenfield Project  
8Cost - Rs 70 Crore
8Project Description: A Fertilizer company is in erection and installing mode for its Greenfield project with a capacity of 1500 MTPD of SSP, 500 MTPD of NPK and 400 TPD of LABSA at Dudhwada in Vadodara. The requirement of raw materials is 875 MTPD of Rock Phosphate, 550 MTPD of Sulphuric acid, and 525 MTPD of Urea/DAP/MOP/SSP respectively.
8Project Event: The project is likely to be commissioned in May 2018. Tender for raw materials is likely to be released in June 2018
Click here for more information   Details Details
For reference purposes the website carries here the following tenders:
8Hiring of Services for Supply, Installation, Commissioning and Operation & Maintenance of Gas Dehydration Units as per PNGRB Guidelines at CPF Gandhar Plant of Ankleshwar Asset Details
8Procurement of Drill Bits for Onshore Block Details
8Carrying out Piping Works at LPG Plant Details
8Hiring service of Seismic Survey Operation for acquiring high density 3D Seismic Data of 7000 shots in and around Moran areas in Assam Details
8Hiring of MOPU at R-12A Platform for R-12 A and R-Series fields Details
8Hiring of services for Inspection and CP Survey of Offshore Pipelines, Umbilicals and Subsea structures Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Petrol at Rs 79/litre in Mumbai; highest since August 2014 Details
8India renegotiates 20-year Australian LNG import deal with ExxonMobil Details 
8BP in South American venture with Argentina's Bridas Corporation Details
8Saudi Aramco to add 1.9 mln barrels of crude oil to its Japan storage Details
890 fossil fuel firms contributed half of global temperature rise: Study Details
8Fuel cost sees 7% rise since start of dynamic pricing Details
8Tribal clashes, political void threaten oil installations in Iraq's south Details
8Crude oil price weakens on fears Hurricane Irma could dent U.S. demand Details
8Russia's Rosneft prepares for oil at $40-$43 per barrel in 2018: CEO Details
8India to buy 1 million tonne Australian LNG more after new price maths Details
8Nigeria's Shoreline Energy signs $300 million natural gas deal with Shell Details
You can also click on Newsclips for more    Details
8Project Name: Greenfield Hydroelectric Project
8Project Cost: Rs 2000 Crores approximately
8Project Description: The owner is planning to construct a 143 MW hydroelectric power station. Project site has been finalised and detailed geological survey and investigation are expected to begin in two months. Tender for running and maintenance of gauge & discharge at site including required services for Survey & Investigation (S&I) works was released and requirement for drilling is expected to be out shortly. Also, there is expected to be a requirement for an EIA consultant in the final quarter of 2018.
8Project Event: RFQ for an EIA consultant is expected to be out in the final quarter of 2018.
8Expenditure Approval: 2015
8RFQ Date: Q4:2018
8Release Date: Q4:2018
8Start Date: 2020
8Completion Date: 2024
 Click here for more information
8Project Name: Hydro Greenfield Project 
8Project Cost: Rs 250 crores
8Project Description: Promoter along with its consultant is writing out the final EIA report for scoping the environment clearance for a 50 MW greenfield hydel project. Sub basin study of river in which HEP is located is being carried out and this would take a year by which techno-economic clearance and environmental clearance would be obtained. Wildlilfe clearance is currently awaiting. Environment Clearance is expected by 4th Quarter of 2018.
8The major equipment required will be two Francis Turbine, Radial gates, turbine-generator sets and associated auxiliaries, transformers, butterfly valves, turbine auxiliaries, governors with auxiliaries, cables, bus ducts and terminal equipment, EOT cranes, shaft and bearing, couplings, vibration control system, girders, tunnel boring machine, powerhouse equipment, among others.
8Project Event: RFQ for an EPC contractor is expected by 4th Quarter of 2018.
8Expenditure Approval: Q2/2018
8RFQ Date: Q4/2018
8Release Date: Q1/2019
8Start Date: Q2/2019
8Completion Date: Q4/2023
Click here for details Details
Find out more on exemptions given from GST in some varieties equipment imports
8ONGC has now made it clear to its contractors that if exemption provisions of GST are not taken advantage of by contractors, the public sector E&P major will not be liable to pay for the extra costs
Click on Reports for more Details
Most of India's on land gas discoveries seems to be viable even at low government determined enumeration levels
8Operating margins are usually very high
8Field operating cost can be well below $ 1/mmbtu, leaving a big enough profit petroleum margin
Click on Reports for more Details
India may not be importing gas from Iran through the now stalled Iran-Pakistan-India pipeline
8 Pakistan, however, was close to striking a deal with Iran
8Find out more on what is going on on this front and how US sanctions on Iran are hurting Pakistan's efforts to bring in the gas from Iran
Click on Reports for more Details
Global regulatory and voluntary measures for methane emissions reduction can serve as models for India for implementation timelines, scope and targets to plug methane leaks in India.
8Among the mitigation measures is the use of solar panels to power pumps which eliminates venting of emissions from traditional sources of power and capturing vented gas at natural gas facilities, and redirecting the gas to help fuel compressor engines.
8Methane emission control is a technology intensive industry. Advance analytics and state of art detection machinery are required to be deployed
Click on Reports to find out more Details
The second wave of LNG additional LNG supply is already coming online
8There is anticipation that LNG prices will eventually strengthen when demand rises beyond production capacity
8But the website carries here projected well head costs to show that it is possible for wave upon wave of extra LNG capacity coming on stream if gas prices are to rise.
Click on Reports for more Details
For the gas industry, the fertilizer sector is its biggest buyer.
8The dynamics of this cost-plus industry, where the government dispenses a cost-plus retention pricing system, are different from other gas typical buyers of gas.
8Most gas suppliers do not know these dynamics well.
8The fertilizer industry has been going through a good phase of late.
8Polices introduced to aid the fertilizer sector are playing in favour of the sector as of now, and this has not been the case always.
8The Q1 financials of 17 fertilizer companies show a 13% jump in the net profit margins.
Click on Reports to find out more about what drives the industry Details
8Find out more on the ongoing bio-remediation projects in ONGC's Mehsana asset. Click on Report for more.
8Panama Petrochem Ltd (PPL) is one of the leading manufacturers and exporters of petroleum based specialty chemicals, What does the future have in store for this company?Click on Report for more.
8Under President Enrique Peña Nieto, Mexico has been on a reforming spree. The energy reforms of Mexico are of interest for India, which has been importing Mexican crude oil regularly in recent years. There is a window of opportunity available today to transform the relationship from that of a 'buyer–seller' of crude to an 'energy partnership'.Click on Report for more.
8It is a battle between imported coal and imported LNG for Bangladesh's power sector.Click on Report for more.
8India-based TurboTech Energy finds cost-effective ways to generate steam, power, heating and chilling for companies not just in India but across the world now. The company promotes Energy Savings Performance Contracting (ESPC) as an innovative financing model for customers who want to avoid up front capital expenditure. It identifies energy savings projects for a company and then goes about finding the funds to get that done. Click on Report for more.
8HOEC has emerged as a significant private sector player in India after its pre-NELP Dirok discovery in Assam. The company has ambitious plans to look for more discoveries and push gas production higher in Assam. Find out more about Ashok Kumar Goel and Rohit Rajgopal Dhoot, the promoters of the company. Click on Report for more.
8For reference purposes, the website carries here details of a business development opportunity for a Gas Gathering Station, involving an investment of around Rs 30 crore in an existing oil field.Click on Report for more.
8Will India end up banning diesel cars? Click on Report for more
8Business development opportunity: A Rs 270 crore POL terminal project is coming up. Click on Report for more. Details
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