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Sep 2016
Well placed sources have said that ONGC has awarded a contract to a multinational company on a nomination basis to be the domain expert for seismic data acquisition that ONGC and OIL is undertaking for a full assessment of onland and offshore sedimentary basins in India.
8The domain expert will help ONGC in doing 3D Petroleum System modeling and Areal Yield Approach studies.
8The expert will guide ONGC and provide reviews as and when needed.
8The domain expert will use proprietary software while interpreting data out of Petrel and PetroMod suites.
Click on Details to find out more on who this domain expert is. Details
8The domain expert will help ONGC in doing 3D Petroleum System modeling and Areal Yield Approach studies.
8The expert will guide ONGC and provide reviews as and when needed.
8The domain expert will use proprietary software while interpreting data out of Petrel and PetroMod suites.
Click on Details to find out more on who this domain expert is. Details
Two consultancies have released India centric reports that seem to suggest that India is moving up the competition ladder when it comes to garnering new investments.
8IHS has released a report that shows India moving ahead of Vietnam and Indonesia as an oil and gas investment destination in the next five years.
8India's overall score is good but China's is much better though, the report says
Click on Report for more.
8There is another more comprehensive report released by PWC that provides a full spectrum analysis of how India is now a great investment destination.
8The report is a synopsis of all the steps that the new government has taken to encourage investments in India
Click on Report for more Details
8IHS has released a report that shows India moving ahead of Vietnam and Indonesia as an oil and gas investment destination in the next five years.
8India's overall score is good but China's is much better though, the report says
Click on Report for more.
8There is another more comprehensive report released by PWC that provides a full spectrum analysis of how India is now a great investment destination.
8The report is a synopsis of all the steps that the new government has taken to encourage investments in India
Click on Report for more Details
While the government has decide to integrate all hydrocarbon reserves under a single licence, if an operator looking for conventional oil were to stumble on shale gas reserves, the parameters of his operations will be dramatically different.
8Studies of shale gas wells in the Eagle Ford shale play in the US have shown a production pattern characterized by quickly reaching peak production levels followed by steep declines (~70% per annum) and low long-term production levels.
8For the operator then, raising outputs significantly from shale gas wells will depend on enhancing recovery efficiency technology to counteract this high decline rate.
8A large number of “new wells” will be annually needed to offset the production decline from the “old wells” to maintain production levels
8This is both a logistical challenge in maintaining a large number of active drilling rigs, but also a social challenge to obtain acceptance for high drilling activity.
8In a densely populated country like India, getting to produce shale gas or oil is likely to be a nightmare.
Click on Reports for more Details
8Studies of shale gas wells in the Eagle Ford shale play in the US have shown a production pattern characterized by quickly reaching peak production levels followed by steep declines (~70% per annum) and low long-term production levels.
8For the operator then, raising outputs significantly from shale gas wells will depend on enhancing recovery efficiency technology to counteract this high decline rate.
8A large number of “new wells” will be annually needed to offset the production decline from the “old wells” to maintain production levels
8This is both a logistical challenge in maintaining a large number of active drilling rigs, but also a social challenge to obtain acceptance for high drilling activity.
8In a densely populated country like India, getting to produce shale gas or oil is likely to be a nightmare.
Click on Reports for more Details
The fact that a total of 117 suggestions were received on the Draft PNGRB Technical Standards and Specifications including Safety Standards for Liquefied Natural Gas Facilities Regulation is an indication of the interest that stakeholders have in the LNG industry in India.
8For reference purposes, the website carries here the details of the draft standards as well as the suggestions received.
8Also given are modifications that the PNGRB will carry out to the draft in light of the suggestions made by the stakeholders.
8An "Open House" will be held next month.
Click on Reports for more. Details
8For reference purposes, the website carries here the details of the draft standards as well as the suggestions received.
8Also given are modifications that the PNGRB will carry out to the draft in light of the suggestions made by the stakeholders.
8An "Open House" will be held next month.
Click on Reports for more. Details
The inability of Transocean to convince ONGC to stick to the BEC parameters for the hire of a 600-metre anchor-moored rig is a testimony to the multinational's declining clout in New Delhi's corridors of power.
8The company's agent in Delhi is the powerful Jubilant Group, also the owners of the Hindustan Times.
8But with the advent of the Modi government, the power equations in New Delhi have undergone a sea change. The old structure has withered away and new edifices, while being built, are still a long way from maturing.
8Some of the old groups, particularly the resilient Ambani brothers, are still very relevant in the current framework and they are able to get their way. The fact that Anil Ambani was able to elicit an advance from ONGC the second time around for the refitting of the Sagar Lakshmi in the recently acquired Pipavav dockyard is a testimony to the brothers' clout.
8But others are struggling to stay in the loop.
8Increasingly, and rightly perhaps, companies like ONGC are taking aggressive decisions, based on their own self interest.
8In a buyers market, the ONGC brass is laying down all the terms of contract, changing some of the old ways of doing business.
8Suppliers can either opt out or fall in line.
8And Transocean is going to do just that.
8The multinational rig supplier is likely to capitulate to ONGC's insistence that, should the need arise, its 600-metre anchor moored rig can be utilized to full capacity -- even though the tendered capacity is lower -- without extra financial burden on the public sector E&P major.
8Having once incurred heavy costs in saddling up the Transocean deepwater rig, Dhirubhai KG 2, in order to reach a deeper depth, ONGC has gotten wise this time around. Details
8The company's agent in Delhi is the powerful Jubilant Group, also the owners of the Hindustan Times.
8But with the advent of the Modi government, the power equations in New Delhi have undergone a sea change. The old structure has withered away and new edifices, while being built, are still a long way from maturing.
8Some of the old groups, particularly the resilient Ambani brothers, are still very relevant in the current framework and they are able to get their way. The fact that Anil Ambani was able to elicit an advance from ONGC the second time around for the refitting of the Sagar Lakshmi in the recently acquired Pipavav dockyard is a testimony to the brothers' clout.
8But others are struggling to stay in the loop.
8Increasingly, and rightly perhaps, companies like ONGC are taking aggressive decisions, based on their own self interest.
8In a buyers market, the ONGC brass is laying down all the terms of contract, changing some of the old ways of doing business.
8Suppliers can either opt out or fall in line.
8And Transocean is going to do just that.
8The multinational rig supplier is likely to capitulate to ONGC's insistence that, should the need arise, its 600-metre anchor moored rig can be utilized to full capacity -- even though the tendered capacity is lower -- without extra financial burden on the public sector E&P major.
8Having once incurred heavy costs in saddling up the Transocean deepwater rig, Dhirubhai KG 2, in order to reach a deeper depth, ONGC has gotten wise this time around. Details
After all the brouhaha about the road shows around the auction of small fields in India, the DGH has extended the last date for data room viewing to October 31, 2016. The last date of submission has not been announced as yet but it is likely to be November 30, or later.
8Well placed sources told this website that around 70 companies have visited the data rooms set up by the DGH with the help of Schlumberger.
8It is estimated that around 15 to 20 odd companies will seriously bid for the fields.
8So the competition is not going to be all that intense.
8Many companies may think of the oil & gas industry as a sunset industry but we are believe that there are opportunities too. A few intrepid entrepreneurs in India are making good money from onland fields because the cost of production is low.
8The public sector oil companies may not have earmarked their best small fields for this round of auction but nevertheless assessments made by our team show that there are indeed some good picks among the small fields on offer.
8The North East fields are likely to see lower competition compared to their mainland counterparts.
8One or two of the fields out of the lot on offer can be real gems.
8Equity investments need not be high. Easy bank funding will be available, particularly in the North East, and if you can tie up with another partner, the exposure is going to be limited.
8On the other hand, the upside could be huge. When the seismic data is re-interpreted and first wells drilled, some of these fields are capable of giving you a phenomenal return on investment over many years.
8So if you have some money to spare, and are willing to take some risks, betting on a few of these selected fields may not be a bad idea.
Click on Contact Us and speak to our content or marketing team for more Details
8Well placed sources told this website that around 70 companies have visited the data rooms set up by the DGH with the help of Schlumberger.
8It is estimated that around 15 to 20 odd companies will seriously bid for the fields.
8So the competition is not going to be all that intense.
8Many companies may think of the oil & gas industry as a sunset industry but we are believe that there are opportunities too. A few intrepid entrepreneurs in India are making good money from onland fields because the cost of production is low.
8The public sector oil companies may not have earmarked their best small fields for this round of auction but nevertheless assessments made by our team show that there are indeed some good picks among the small fields on offer.
8The North East fields are likely to see lower competition compared to their mainland counterparts.
8One or two of the fields out of the lot on offer can be real gems.
8Equity investments need not be high. Easy bank funding will be available, particularly in the North East, and if you can tie up with another partner, the exposure is going to be limited.
8On the other hand, the upside could be huge. When the seismic data is re-interpreted and first wells drilled, some of these fields are capable of giving you a phenomenal return on investment over many years.
8So if you have some money to spare, and are willing to take some risks, betting on a few of these selected fields may not be a bad idea.
Click on Contact Us and speak to our content or marketing team for more Details
This website has put together a highly experienced multi-disciplinary team -- which we regard as the best independent team in the country -- made up of active and retired executives of Indian and multinational companies capable of providing the full gamut of services in the E&P sector.
8All our personnel have decades of experience in the E&P sector. We will be happy to share their credentials with you should you show interest.
8The big advantage is that we have kept our costs low while providing best-in-class services.
8So if you want to explore the oil and gas sector in a small way, we can help you out like no one else can.
8We can look at the data for you, do the interpretation, give you the explanations, show you how you can make money and eventually help you put in the bid.
8There is still one month left and since we already know some of the fields very well, we can give you a quick assessment, leaving the final decisions on the financial parameters to you.
8You could then do your own risk analysis and then either take the proposal forward or drop it.
8As of now our view is that our proposal to invest is worth an investigation.
8And if you do chose to go ahead, we can help you all the way along, including arranging funding, choosing a capable local partner and holding your hand right up to production.
Click on Contact Us and speak to our content or marketing team for more Details
8All our personnel have decades of experience in the E&P sector. We will be happy to share their credentials with you should you show interest.
8The big advantage is that we have kept our costs low while providing best-in-class services.
8So if you want to explore the oil and gas sector in a small way, we can help you out like no one else can.
8We can look at the data for you, do the interpretation, give you the explanations, show you how you can make money and eventually help you put in the bid.
8There is still one month left and since we already know some of the fields very well, we can give you a quick assessment, leaving the final decisions on the financial parameters to you.
8You could then do your own risk analysis and then either take the proposal forward or drop it.
8As of now our view is that our proposal to invest is worth an investigation.
8And if you do chose to go ahead, we can help you all the way along, including arranging funding, choosing a capable local partner and holding your hand right up to production.
Click on Contact Us and speak to our content or marketing team for more Details
Our consultancy now covers the full spectrum of E&P services.
8And this is not just for this round of auction but for the E&P sector as a whole.
8For the E&P segment, our team can be available for independent third-party validation of E&P interpretation and results.
Among the services that we can provide are:
8Data Evaluation of Exploratory and Producing blocks across various Basins of India and abroad.
8Data viewing, both online using virtual data room and hard copies as well as data analysis for evaluating degree of prospectivity of the licensed area.
8Interpretation of 2D and 3D seismic data comprising loading of seismic and well data in workstations using interpretation software.
8To prepare seismo-geological sections, time and depth maps at various levels, attribute analysis, volumetric analysis of geological reserves and expected ultimate recovery of hydrocarbons. This will help identify prospects and leads at different levels. Finally, identify well locations for drilling in exploratory blocks and development programme for producing blocks.
8 We can also help in managing a block or field after acquisition. In this our services include setting up of project offices and other establishments, arranging manpower (both technical and non technical), getting statutory permissions from Govt., following up on commitments towards Government through active liaison with the DGH, undertaking EIA (Environment Impact Analysis.), arranging Seismic data
8Acquisition, Processing and Interpretation (API), arranging drilling rigs for drilling various exploratory and development wells and workover rigs for well repair and well servicing jobs.
8We can also work with out clients in the implementation and monitoring of API, workover operations and preparation of complete well drilling plan with Geo Technical Order (GTO) for drilling locations.
8Monitoring and supervision of well site operations during drilling and preparation of well completion reports is something we can do.
8We follow through with recommendations and, if needed, subsequent supervision of testing of the wells, reservoir studies, eventually putting the wells into production.
Click on Contact Us and speak to our content or marketing team for more Details
8And this is not just for this round of auction but for the E&P sector as a whole.
8For the E&P segment, our team can be available for independent third-party validation of E&P interpretation and results.
Among the services that we can provide are:
8Data Evaluation of Exploratory and Producing blocks across various Basins of India and abroad.
8Data viewing, both online using virtual data room and hard copies as well as data analysis for evaluating degree of prospectivity of the licensed area.
8Interpretation of 2D and 3D seismic data comprising loading of seismic and well data in workstations using interpretation software.
8To prepare seismo-geological sections, time and depth maps at various levels, attribute analysis, volumetric analysis of geological reserves and expected ultimate recovery of hydrocarbons. This will help identify prospects and leads at different levels. Finally, identify well locations for drilling in exploratory blocks and development programme for producing blocks.
8 We can also help in managing a block or field after acquisition. In this our services include setting up of project offices and other establishments, arranging manpower (both technical and non technical), getting statutory permissions from Govt., following up on commitments towards Government through active liaison with the DGH, undertaking EIA (Environment Impact Analysis.), arranging Seismic data
8Acquisition, Processing and Interpretation (API), arranging drilling rigs for drilling various exploratory and development wells and workover rigs for well repair and well servicing jobs.
8We can also work with out clients in the implementation and monitoring of API, workover operations and preparation of complete well drilling plan with Geo Technical Order (GTO) for drilling locations.
8Monitoring and supervision of well site operations during drilling and preparation of well completion reports is something we can do.
8We follow through with recommendations and, if needed, subsequent supervision of testing of the wells, reservoir studies, eventually putting the wells into production.
Click on Contact Us and speak to our content or marketing team for more Details
Our team's offerings can provide the following benefits and deliverables:
Benefits
8Access to low cost, full-spectrum E&P services without compromising on quality
8Independent validation of in-house interpretation and results
8Preliminary assessment of E&P data or operations
8Quick takeover of workload of existing management in specific areas
8One-stop solutions and results
8Fill manpower gaps quickly
8Leverage knowledge base of experienced personnel working within and outside India to find the right yet low cost solutions
Deliverables
8Provide the entire gamut of E&P services or specific segment services depending upon requirement
8Quick mobilization within one week
8Can identify and place experienced E&P personnel or quickly plug gaps in manpower within an E&P enterprise
Click on Contact Us and speak to our content or marketing team for more Details
Benefits
8Access to low cost, full-spectrum E&P services without compromising on quality
8Independent validation of in-house interpretation and results
8Preliminary assessment of E&P data or operations
8Quick takeover of workload of existing management in specific areas
8One-stop solutions and results
8Fill manpower gaps quickly
8Leverage knowledge base of experienced personnel working within and outside India to find the right yet low cost solutions
Deliverables
8Provide the entire gamut of E&P services or specific segment services depending upon requirement
8Quick mobilization within one week
8Can identify and place experienced E&P personnel or quickly plug gaps in manpower within an E&P enterprise
Click on Contact Us and speak to our content or marketing team for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Spare Tubes for Retubing of Heat Exchangers Details
8Product Pipeline job for proposed ATF & HSD Tankage Facility at Kanpur Details
8Maintenance of Mainline facilities & Pilferage Restoration Work under WRPL Gauridad Base jurisdiction Details
8Fire Fighting Pipeline job for proposed ATF & HSD Tankage Facility at Kanpur Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Nine more CNG pumps within 6 months Details
8Poor households in J&K to get free cooking gas Details
8Energy-linked currencies lifted in Asia after OPEC deal Details
8Asia stocks slip as Deutsche sours mood, oil gains on OPEC pact Details
8Opec agrees to cut output: Here's why India should quicken its oil sector reforms Details
8IGL to set up city gas distribution network in Rewari Details
8Stock markets rally on OPEC agreement Details
8Iraq's OPEC revolt shows Saudi-Iran oil deal fragility Details
8OPEC output freeze: Need to accept market dynamics, says Pradhan Details
You can also click on Newsclips for more Details
8Procurement of Spare Tubes for Retubing of Heat Exchangers Details
8Product Pipeline job for proposed ATF & HSD Tankage Facility at Kanpur Details
8Maintenance of Mainline facilities & Pilferage Restoration Work under WRPL Gauridad Base jurisdiction Details
8Fire Fighting Pipeline job for proposed ATF & HSD Tankage Facility at Kanpur Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Nine more CNG pumps within 6 months Details
8Poor households in J&K to get free cooking gas Details
8Energy-linked currencies lifted in Asia after OPEC deal Details
8Asia stocks slip as Deutsche sours mood, oil gains on OPEC pact Details
8Opec agrees to cut output: Here's why India should quicken its oil sector reforms Details
8IGL to set up city gas distribution network in Rewari Details
8Stock markets rally on OPEC agreement Details
8Iraq's OPEC revolt shows Saudi-Iran oil deal fragility Details
8OPEC output freeze: Need to accept market dynamics, says Pradhan Details
You can also click on Newsclips for more Details
Brokerage houses are bullish on oil marketing companies these days.
8There has been an improvement in most parameters for oil marketing companies (OMCs) over the last 4 years.
8Overall, OMCs are doing well
8The current projection however is that HPCL’s and BPCL’s profitability hae peaked out.
8But IOC's profitability has room to play out in the future.
Click on Reports to find out more Details
8There has been an improvement in most parameters for oil marketing companies (OMCs) over the last 4 years.
8Overall, OMCs are doing well
8The current projection however is that HPCL’s and BPCL’s profitability hae peaked out.
8But IOC's profitability has room to play out in the future.
Click on Reports to find out more Details
2016 is continuing to be a gloomy year for the global offshore E&P equipment sector.
8Continued oil price uncertainty over the medium and long term is leading to further cuts in exploration and production (E&P) spending as oil and gas majors not only implement cost-cutting programmes, but also delay investments.
8It is expected that offshore E&P spending will decrease by another 15% in 2016, with capital expenditures being more affected than operational expenditures.
8Demand for offshore assets is likely to decrease further from the levels seen in the past, although at varying degrees depending on asset type and region.
8Offshore assets largely involved in exploration will be most affected, while activity in lower-cost regions (Middle East) is expected to be more resilient.
8On the supply side, rig owners and shipowners are expected to continue to take measures to reduce supply growth as much as possible, by delaying deliveries and scrapping older units.
8In the short term, the initiatives for supply adjustment measures will not be sufficient to make up for the lost demand.
8Hence, fleet utilization is still expected to decrease.
8As a consequence, the number of stacked units is likely to continue to grow as shipowners and rig owners strive to preserve cash.
8As the market continues to remain difficult, cash reserves amongst rig owners and shipowners are becoming depleted. Hence, the expectation is that there will be more restructurings, distressed sales and bankruptcies going ahead.
Comment: Will this depressing picture have an impact on the bid prices for ONGC's ongoing offshore rig tender? The answer is "yes".
Click on Reports for more Details
8Continued oil price uncertainty over the medium and long term is leading to further cuts in exploration and production (E&P) spending as oil and gas majors not only implement cost-cutting programmes, but also delay investments.
8It is expected that offshore E&P spending will decrease by another 15% in 2016, with capital expenditures being more affected than operational expenditures.
8Demand for offshore assets is likely to decrease further from the levels seen in the past, although at varying degrees depending on asset type and region.
8Offshore assets largely involved in exploration will be most affected, while activity in lower-cost regions (Middle East) is expected to be more resilient.
8On the supply side, rig owners and shipowners are expected to continue to take measures to reduce supply growth as much as possible, by delaying deliveries and scrapping older units.
8In the short term, the initiatives for supply adjustment measures will not be sufficient to make up for the lost demand.
8Hence, fleet utilization is still expected to decrease.
8As a consequence, the number of stacked units is likely to continue to grow as shipowners and rig owners strive to preserve cash.
8As the market continues to remain difficult, cash reserves amongst rig owners and shipowners are becoming depleted. Hence, the expectation is that there will be more restructurings, distressed sales and bankruptcies going ahead.
Comment: Will this depressing picture have an impact on the bid prices for ONGC's ongoing offshore rig tender? The answer is "yes".
Click on Reports for more Details
There are two schools of thought in the energy business today.
8There is the climate change lobby that continues to project the death of the oil industry.
8On the other side, there are entities such as OPEC and BP who have done elaborate studies to back up their claim that the oil and gas industry will continue to play an important role in the energy sector in the future.
8Latest OPEC estimates claim that investments required to cover future demand for oil till 2040 will be to the tune of $10 trillion (in 2014 dollars).
8This is a big figure by any estimate.
8Investments needed for the upstream sector are estimated at $7.2 trillion and in the midstream and downstream sector combined it is around $2.7 trillion.
8BP too in its estimates, continue to claim that the industry's growth will continue to be robust.
Click on Reports for more Details
8There is the climate change lobby that continues to project the death of the oil industry.
8On the other side, there are entities such as OPEC and BP who have done elaborate studies to back up their claim that the oil and gas industry will continue to play an important role in the energy sector in the future.
8Latest OPEC estimates claim that investments required to cover future demand for oil till 2040 will be to the tune of $10 trillion (in 2014 dollars).
8This is a big figure by any estimate.
8Investments needed for the upstream sector are estimated at $7.2 trillion and in the midstream and downstream sector combined it is around $2.7 trillion.
8BP too in its estimates, continue to claim that the industry's growth will continue to be robust.
Click on Reports for more Details
2016 is not turning out to be great year for the tanker industry.
8Low scrapping rate ? coupled with new deliveries ? continues to be a setback, with the increase in capacity exceeding the growth in demand.
8Hence, fleet utilisation for crude tanker is expected to decline which will lead to a decrease in earnings.
8Both earnings and asset values are likely to drop and return to levels more in line with the underlying longer-term supply and demand fundamentals.
Click on Reports for more Details
8Low scrapping rate ? coupled with new deliveries ? continues to be a setback, with the increase in capacity exceeding the growth in demand.
8Hence, fleet utilisation for crude tanker is expected to decline which will lead to a decrease in earnings.
8Both earnings and asset values are likely to drop and return to levels more in line with the underlying longer-term supply and demand fundamentals.
Click on Reports for more Details
For business development managers, it is always a challenge to find out the reserve price set by ONGC for a particular tender be is bidding for.
8Within ONGC, there are specific people who are responsible for these cost estimates.
8And they do follow an elaborate exercise by which they arrive at a reserve price
8And it is necessary for a business development manger to know who these people are who set the reserve prices.
Click on Details for more Details
8Within ONGC, there are specific people who are responsible for these cost estimates.
8And they do follow an elaborate exercise by which they arrive at a reserve price
8And it is necessary for a business development manger to know who these people are who set the reserve prices.
Click on Details for more Details
Are reserve prices arrived at by ONGC meant to be kept "secret"?
8According to research done by this website, there are conflicting reports on this.
8Find out what the exact status is on the reserve price for a tender
Click on Details for more Details
8According to research done by this website, there are conflicting reports on this.
8Find out what the exact status is on the reserve price for a tender
Click on Details for more Details
How necessary is it for a bidder to know the reserve price of a particular tender?
8Should a bidder try and aspire to put in a bid at around the reserve price or should he go by his own estimates?
8These are important questions, and the website answers them for you, particularly when the market for products and services has turned depressed.?
Click on Details for more Details
8Should a bidder try and aspire to put in a bid at around the reserve price or should he go by his own estimates?
8These are important questions, and the website answers them for you, particularly when the market for products and services has turned depressed.?
Click on Details for more Details
What is the best strategy to follow in today's depressed market conditions while bidding for an ONGC tender?
8Why are experienced bidders such as Schlumberger or Halliburton or Transocean consistently able to bag contracts even at lower price levels?
8Find out the winning strategies adopted by these successful contractors when it comes to ONGC tenders
Click on Details for more Details
8Why are experienced bidders such as Schlumberger or Halliburton or Transocean consistently able to bag contracts even at lower price levels?
8Find out the winning strategies adopted by these successful contractors when it comes to ONGC tenders
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Carrying out Hazop Study at Panipat Naphtha Cracker Details
8Procurement of Ultrasonic Level Transmitters, Panipat Refinery Details
8Comprehensive Maintenance Contract with Hydrocarbon Solutions Private Limited for two years Details
8Procurement of Self Actuated Pressure Control Valves Details
8Consultancy Services for conducting Risk Analysis & EIA Study for construction of Mounded Bullets Details
8Carrying out Rig building and other civil works at "PUDG" Drill Site, Karaikal Details
8Supply and testing of mounded type pressure vessels for LPG storage Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Cabinet clears IOC, OIL, BPCL's Russian stake buy for $3.14 billion Details
8Modi approves acquisition of stake in LLC Taas-Yuryakh and JSC Vankorneft Details
8Old rivalries seen blocking OPEC deal to support oil price Details
8India-Nigeria pact to boost Infrastructre, Energy Sectors Details
8Petroleum ministry cautions against unauthorized advertisements for Government schemes Details
8Canada approves $36 bn LNG project, eyes Asia Details
8As gas price set to drop more under Narendra Modi regime, ONGC pleads for floor price to be fixed Details
8India rejects talking with Iran on gas import through Pakistan Details
8GAIL buys three Natural Gas Cargoes for November-December: Report Details
8ONGC seeks gas price review Details
8Cabinet okays stake sale in loss-making Bharat Pumps Details
8Enron’s India relic comes back to life with record LNG purchases Details
8OPEC could announce oil freeze in Algeria, details later - sources Details
You can also click on Newsclips for more Details
8Carrying out Hazop Study at Panipat Naphtha Cracker Details
8Procurement of Ultrasonic Level Transmitters, Panipat Refinery Details
8Comprehensive Maintenance Contract with Hydrocarbon Solutions Private Limited for two years Details
8Procurement of Self Actuated Pressure Control Valves Details
8Consultancy Services for conducting Risk Analysis & EIA Study for construction of Mounded Bullets Details
8Carrying out Rig building and other civil works at "PUDG" Drill Site, Karaikal Details
8Supply and testing of mounded type pressure vessels for LPG storage Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Cabinet clears IOC, OIL, BPCL's Russian stake buy for $3.14 billion Details
8Modi approves acquisition of stake in LLC Taas-Yuryakh and JSC Vankorneft Details
8Old rivalries seen blocking OPEC deal to support oil price Details
8India-Nigeria pact to boost Infrastructre, Energy Sectors Details
8Petroleum ministry cautions against unauthorized advertisements for Government schemes Details
8Canada approves $36 bn LNG project, eyes Asia Details
8As gas price set to drop more under Narendra Modi regime, ONGC pleads for floor price to be fixed Details
8India rejects talking with Iran on gas import through Pakistan Details
8GAIL buys three Natural Gas Cargoes for November-December: Report Details
8ONGC seeks gas price review Details
8Cabinet okays stake sale in loss-making Bharat Pumps Details
8Enron’s India relic comes back to life with record LNG purchases Details
8OPEC could announce oil freeze in Algeria, details later - sources Details
You can also click on Newsclips for more Details
The massive gas price differential between the US and India -- in terms of domestic price in the US and imported RLNG price at factory gate in India -- provides a sharp pointer to the comparative disadvantage that India suffers in the use gas as a feedstock in the industrial and power sector.
8The price in the US is determined by competitive forces. Therefore, residential gas, for example, is significantly more expensive than gas sold to the power projects.
8Ironically enough, commercial gas price is lower than residential gas in the US while the price of gas for industries is cheaper than the price of residential and commercial gas.
8The average domestic residential gas price (averaged over the last five months) is pegged at $ 8.95/mmbtu in the US. The commercial city gas price is $ 6.91/mmbtu in the US.
8The average price of gas used for industrial purposes in the US is $ 3.25 over the last five months, while in India it is at around $ 8-10/mmbtu.
8The price at which the power sector in the US is supplied gas is just $2.67/mmbtu whereas, even after a subsidy, the price is far higher for gas based power plants in India.
8The big advantage of the US market in relation to the Indian market is that it is not distorted by subsidies or state sponsored pricing.
8As a consequence the price differential patterns are different and at times are diametrically opposite of what they are in India.
8Are there lessons to be learnt from the US example?
Click on Reports for more.
Click on our database to find out more about how gas prices have moved over time and across different segments in the US. Details
8The price in the US is determined by competitive forces. Therefore, residential gas, for example, is significantly more expensive than gas sold to the power projects.
8Ironically enough, commercial gas price is lower than residential gas in the US while the price of gas for industries is cheaper than the price of residential and commercial gas.
8The average domestic residential gas price (averaged over the last five months) is pegged at $ 8.95/mmbtu in the US. The commercial city gas price is $ 6.91/mmbtu in the US.
8The average price of gas used for industrial purposes in the US is $ 3.25 over the last five months, while in India it is at around $ 8-10/mmbtu.
8The price at which the power sector in the US is supplied gas is just $2.67/mmbtu whereas, even after a subsidy, the price is far higher for gas based power plants in India.
8The big advantage of the US market in relation to the Indian market is that it is not distorted by subsidies or state sponsored pricing.
8As a consequence the price differential patterns are different and at times are diametrically opposite of what they are in India.
8Are there lessons to be learnt from the US example?
Click on Reports for more.
Click on our database to find out more about how gas prices have moved over time and across different segments in the US. Details
For reference purposes, the website carries here a profile of Adani Gas Ltd (AGL)
8AGL currently supplies piped natural gas (PNG) to industrial, commercial, domestic customers and compressed natural gas (CNG) to transport sector in Ahmedabad, Vadodara and Faridabad.
8It has also recently started its operations in Khurja (Uttar Pradesh).
8AGL has also set-up pipeline infrastructure in cities of Udaipur, Jaipur, Noida and Lucknow based on the state governments’ NOC.
8However, its permissions for operations in these cities remain subjudice and the company is seeking authorisations to distribute natural gas in these regions.
8Currently, AGL is a 100% subsidiary of Adani Enterprises Limited (AEL).
8The opportunities and challenges faced by the company is highlighted in the write-up
Click on Reports for more Details
8AGL currently supplies piped natural gas (PNG) to industrial, commercial, domestic customers and compressed natural gas (CNG) to transport sector in Ahmedabad, Vadodara and Faridabad.
8It has also recently started its operations in Khurja (Uttar Pradesh).
8AGL has also set-up pipeline infrastructure in cities of Udaipur, Jaipur, Noida and Lucknow based on the state governments’ NOC.
8However, its permissions for operations in these cities remain subjudice and the company is seeking authorisations to distribute natural gas in these regions.
8Currently, AGL is a 100% subsidiary of Adani Enterprises Limited (AEL).
8The opportunities and challenges faced by the company is highlighted in the write-up
Click on Reports for more Details
Business development opportunity has arisen for expansion of an existing 11 TMTPA LPG bottling plant.
8The capacity is sought to be expanded to 60 TMTPA with 800 MT Bulk LPG storage.
8This will be done by installing 3 X 600 MT mounded storage vessels
8There will also be a requirement for 2x24 machines electronic carousals along with 8 TLD bays
Click on Reports for more Details
8The capacity is sought to be expanded to 60 TMTPA with 800 MT Bulk LPG storage.
8This will be done by installing 3 X 600 MT mounded storage vessels
8There will also be a requirement for 2x24 machines electronic carousals along with 8 TLD bays
Click on Reports for more Details
A business development opportunity has turned up for a 20,000 KL storage tank terminal
8There will be three sets of connecting pipelines from a jetty.
8A total of six tanks are to be built.
8The facility will be used for storage of molasses, bitumen and edible oil
The cost of the project is going to be Rs 20 crore
Click on Reports for more. Details
8There will be three sets of connecting pipelines from a jetty.
8A total of six tanks are to be built.
8The facility will be used for storage of molasses, bitumen and edible oil
The cost of the project is going to be Rs 20 crore
Click on Reports for more. Details
Specialized drilling company, Greka Drilling, seems to have found a line of credit that will enable it to continue its CBM contract drilling programme in Essar Oil's Raniganj field.
8The financing will provide the company with the needed working capital to re-commence drilling operations in China and support its continued operations in India.
8This is means that equipment and service providers to Greka need not worry about payment problems with Greka's Raniganj operations
8For now Greka seems to be out of the woods.
8Essar is expected to drill 30 wells with 2 rigs deployed under the current contract with Greka and there is the possibility now of a third rig being put to work
8Greka is also In advanced talks with new potential CBM clients for deployment of three rigs in 2017
8Business development managers must be on the lookout for attendant facility and service jobs related to these drilling programmes from Greka over the next one year.
Click on Reports for more Details
8The financing will provide the company with the needed working capital to re-commence drilling operations in China and support its continued operations in India.
8This is means that equipment and service providers to Greka need not worry about payment problems with Greka's Raniganj operations
8For now Greka seems to be out of the woods.
8Essar is expected to drill 30 wells with 2 rigs deployed under the current contract with Greka and there is the possibility now of a third rig being put to work
8Greka is also In advanced talks with new potential CBM clients for deployment of three rigs in 2017
8Business development managers must be on the lookout for attendant facility and service jobs related to these drilling programmes from Greka over the next one year.
Click on Reports for more Details
The average landed price of LNG in India was among the highest in the world in August, 2016.
8The gas price in India, at $ 5.63/mmbtu, is higher than similar landed price in all of Asia, Europe and North America.
8These prices have been calculated on a netback basis.
8Korea and Japan's landed price was calculated at $ 5.53/mmbtu and that of China at $ 5.53/mmbtu.
8Landed prices in Europe were mostly in the sub-$5/mmbtu category in Europe
8Prices in North America were way lower, at $ 1.60 to $ 2.61/mmbtu
Click on Report for more.
Click on our Database for more information Details
8The gas price in India, at $ 5.63/mmbtu, is higher than similar landed price in all of Asia, Europe and North America.
8These prices have been calculated on a netback basis.
8Korea and Japan's landed price was calculated at $ 5.53/mmbtu and that of China at $ 5.53/mmbtu.
8Landed prices in Europe were mostly in the sub-$5/mmbtu category in Europe
8Prices in North America were way lower, at $ 1.60 to $ 2.61/mmbtu
Click on Report for more.
Click on our Database for more information Details
What are the latest landed LNG prices in India?
8Rich LNG that is supplied on long term contract from RasGas is still expensive, at $6.76/mmbtu, with the eventual price at the factory gate in India becoming quite high. The high gas price provides leg room for usage of liquid fuels
8An ELNG cargo from Equatorial Guinea was the last to arrive in Hazira at a landed price of $ 5.64/mmbtu
8In comparison, Australian cargoes are arriving at a lower price range at both Dahej and Hazira.
8The pertinent point is that the cargoes are coming in from high capital cost projects in Australia over a longer distance than from Qatar where RasGas is located.
8RasGas therefore has the advantage of both depreciated liquefaction and transportation cost with respect to India.
8The RasGas monopoly over India, and that too at a higher price, will eventually have to be broken up so that gas consumers in India are provided a level playing field.
8The pressure is neither on PLL nor on RasGas to negotiate down the price on account of high demand from controlled segments such as fertilizers and power.
8But when cheaper cargoes begin appearing in new LNG terminals, there will be no option left but to negotiate down the price.
Click on Reports for more more. Details
8Rich LNG that is supplied on long term contract from RasGas is still expensive, at $6.76/mmbtu, with the eventual price at the factory gate in India becoming quite high. The high gas price provides leg room for usage of liquid fuels
8An ELNG cargo from Equatorial Guinea was the last to arrive in Hazira at a landed price of $ 5.64/mmbtu
8In comparison, Australian cargoes are arriving at a lower price range at both Dahej and Hazira.
8The pertinent point is that the cargoes are coming in from high capital cost projects in Australia over a longer distance than from Qatar where RasGas is located.
8RasGas therefore has the advantage of both depreciated liquefaction and transportation cost with respect to India.
8The RasGas monopoly over India, and that too at a higher price, will eventually have to be broken up so that gas consumers in India are provided a level playing field.
8The pressure is neither on PLL nor on RasGas to negotiate down the price on account of high demand from controlled segments such as fertilizers and power.
8But when cheaper cargoes begin appearing in new LNG terminals, there will be no option left but to negotiate down the price.
Click on Reports for more more. Details
High drama is what is always expected when Indian shipping companies are bidding for an ONGC tender for offshore vessels and barges.
8There is always a high degree of intrigue laced with allegations of price rigging, double dealing and stealing of data.
8The case at point is an ONGC tender for hiring of an offshore barge with two towing vessels required for inspection of ONGC offshore platforms.
8Well placed sources among the bidders for the tender said that four bidders were eventually short listed from among a total of eight.
8When the bids were opened, one bidder had clearly emerged as the winner, having quoted a price of Rs 260 crore for operations in two fair weather windows in ONGC's Mumbai High area.
8The other bidders -- including GOL Offshore, Dolphin Offshore and HAL Offshore -- quoted higher.
8What is more, the winning bidder had actually quoted around 10% lower than ONGC's reserve price.
8But the irony is that the bidder eventually did not get the contract and the deal was cancelled.
8All the elements of high drama were present in the subsequent turn of events, eventually leading to the cancellation of the tender.
Click on Details to find out more on the many twist and turns in the tender as pieced together by this website in conversation with ONGC sources and those who bid for the tender. Details
8There is always a high degree of intrigue laced with allegations of price rigging, double dealing and stealing of data.
8The case at point is an ONGC tender for hiring of an offshore barge with two towing vessels required for inspection of ONGC offshore platforms.
8Well placed sources among the bidders for the tender said that four bidders were eventually short listed from among a total of eight.
8When the bids were opened, one bidder had clearly emerged as the winner, having quoted a price of Rs 260 crore for operations in two fair weather windows in ONGC's Mumbai High area.
8The other bidders -- including GOL Offshore, Dolphin Offshore and HAL Offshore -- quoted higher.
8What is more, the winning bidder had actually quoted around 10% lower than ONGC's reserve price.
8But the irony is that the bidder eventually did not get the contract and the deal was cancelled.
8All the elements of high drama were present in the subsequent turn of events, eventually leading to the cancellation of the tender.
Click on Details to find out more on the many twist and turns in the tender as pieced together by this website in conversation with ONGC sources and those who bid for the tender. Details
The point to note is that ONGC had in fact wanted the tender for the barge and the attendant tugs to go through despite problems with the bid submitted by the L-1 bidder.
8This move had a lot of support from within the E&P major.
8One reason for this was that it was the third time that the tender was floated and a lot of time had already been wasted.
8The last two times too, the tender had to be cancelled because of some or other infirmity in the bids submitted.
8The current tender too was floated 18 months ago.
8The website had now pitched together the reasons why a decision was taken against ONGC own interest to cancel the tender
Click on Details for more. Details
8This move had a lot of support from within the E&P major.
8One reason for this was that it was the third time that the tender was floated and a lot of time had already been wasted.
8The last two times too, the tender had to be cancelled because of some or other infirmity in the bids submitted.
8The current tender too was floated 18 months ago.
8The website had now pitched together the reasons why a decision was taken against ONGC own interest to cancel the tender
Click on Details for more. Details
There was strong pressure from within to go ahead with the tender because ONGC faced a serious safety problem with its offshore platforms, according to well placed sources.
8Unless the barge was deployed in the post monsoon season, the safety issues would not be addressed, and the consequence could be grave for the company.
8In fact, sources said that permission to operate could be under threat of being withdrawn by OISD if the barge was not deployed on time.
Click on Reports to find out more. Details
8Unless the barge was deployed in the post monsoon season, the safety issues would not be addressed, and the consequence could be grave for the company.
8In fact, sources said that permission to operate could be under threat of being withdrawn by OISD if the barge was not deployed on time.
Click on Reports to find out more. Details
A new tender is now to be floated, according to sources in ONGC and those among barge suppliers.
8But will the tender have the same specifications as the earlier one?
8There will be a requirement for diving facilities and an ROV, among other facilities
8It will not, according to a highly placed source.
8The new tender will look out for a vessel but not in the way it did earlier.
Click on Details for more Details
8But will the tender have the same specifications as the earlier one?
8There will be a requirement for diving facilities and an ROV, among other facilities
8It will not, according to a highly placed source.
8The new tender will look out for a vessel but not in the way it did earlier.
Click on Details for more Details
So what kind of pricing can bidders expect to quote in order to be able to bag the tender this time around.
8For one, the reserve price will be much lower because the tender specifications will be different
8Also, the hire rate of offshore barges has fallen rapidly on account of a cut down in worldwide capital expenditure in offshore assets.
8Click on Details for more and also access key contacts and decision makers who will have a say in the award of the new tender when it is floated.
Also find out who the competitors are likely to be. Details
8For one, the reserve price will be much lower because the tender specifications will be different
8Also, the hire rate of offshore barges has fallen rapidly on account of a cut down in worldwide capital expenditure in offshore assets.
8Click on Details for more and also access key contacts and decision makers who will have a say in the award of the new tender when it is floated.
Also find out who the competitors are likely to be. Details
For reference purposes the website carries here the following tenders:
8Procurement Of Reciprocating Compressor for HCU Revamp Project, Mumbai Refinery Details
8Supply of Motor Operated Pressure Balanced Plug Valves for Ennore Coastal Installation Details
8Supply of Sulphur Release Agent, Gujarat Refinery Details
8EOI for SCADA systems as well as ERP system for revamp of ONGC's existing three tier SCADA system Details
8Laying of Pipelines and associated works for HTPL Project, Kochi Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Shell shuts down pipeline in Nigeria after fire Details
8Reliance Industries, ONGC face 18% cut in natural gas price Details
8Britain's first U.S. shale gas delivery arrives in Scotland Details
8Hazira LNG appoints Rahul Deep Singh as new Managing Director Details
8ONGC board vertically split over compensation Details
8Assam CM urges petroleum companies to ensure uninterrupted gas supply to tea industry Details
8Oil minister Pradhan to launch LPG drive in J&K Details
8Abuja says India to purchase more crude from Nigeria Details
You can also click on Newsclips for more Details
8Procurement Of Reciprocating Compressor for HCU Revamp Project, Mumbai Refinery Details
8Supply of Motor Operated Pressure Balanced Plug Valves for Ennore Coastal Installation Details
8Supply of Sulphur Release Agent, Gujarat Refinery Details
8EOI for SCADA systems as well as ERP system for revamp of ONGC's existing three tier SCADA system Details
8Laying of Pipelines and associated works for HTPL Project, Kochi Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Shell shuts down pipeline in Nigeria after fire Details
8Reliance Industries, ONGC face 18% cut in natural gas price Details
8Britain's first U.S. shale gas delivery arrives in Scotland Details
8Hazira LNG appoints Rahul Deep Singh as new Managing Director Details
8ONGC board vertically split over compensation Details
8Assam CM urges petroleum companies to ensure uninterrupted gas supply to tea industry Details
8Oil minister Pradhan to launch LPG drive in J&K Details
8Abuja says India to purchase more crude from Nigeria Details
You can also click on Newsclips for more Details
Even though the attendance was large in the road shows, the number of companies visiting the data rooms built by the DGH has been limited.
8"The point to note is that despite the brouhaha, the potential of these fields is limited, so the big names in the industry are not interested in them," a DGH source told this website.
8The data room has been set up with the help of Schlumberger where a potential investor can analyse the geological and well data before buying the data packages from the DGH.
8Dates for such viewing are easily available.
8What is more, the best of the small fields have not been put up for auction. "The best small fields have been retained by ONGC and OIL and the ones with smaller reserves have been carved out for the round," a geologist in OIL told this website.
8In any case the dynamics of the oil and gas industry has changed and it is unlikely that a Reliance or a Cairn Energy or even a Jubilant will ever be created again from out of investors in these fields.
8Then again, a retired chief geologist of ONGC told this website that most of the data in the fields has to be re-interpreted and new wells have to be drilled. "The cost-economics will be extremely challenging, and deep pockets and staying power will be needed to emerge successful," he said.
8The fields may be small but the investment needed will not be all that small.
8"There are just a handful of "plug and play" fields in the lot that has been offered, where the operator will only have to switch open the wells to get production. It will be a struggle to get most of the fields to produce a reasonable quantity of hydrocarbons," the chief geologist said.
Click on Reports for more Details
8"The point to note is that despite the brouhaha, the potential of these fields is limited, so the big names in the industry are not interested in them," a DGH source told this website.
8The data room has been set up with the help of Schlumberger where a potential investor can analyse the geological and well data before buying the data packages from the DGH.
8Dates for such viewing are easily available.
8What is more, the best of the small fields have not been put up for auction. "The best small fields have been retained by ONGC and OIL and the ones with smaller reserves have been carved out for the round," a geologist in OIL told this website.
8In any case the dynamics of the oil and gas industry has changed and it is unlikely that a Reliance or a Cairn Energy or even a Jubilant will ever be created again from out of investors in these fields.
8Then again, a retired chief geologist of ONGC told this website that most of the data in the fields has to be re-interpreted and new wells have to be drilled. "The cost-economics will be extremely challenging, and deep pockets and staying power will be needed to emerge successful," he said.
8The fields may be small but the investment needed will not be all that small.
8"There are just a handful of "plug and play" fields in the lot that has been offered, where the operator will only have to switch open the wells to get production. It will be a struggle to get most of the fields to produce a reasonable quantity of hydrocarbons," the chief geologist said.
Click on Reports for more Details
FO and LSHS consumption registered a growth of 14.0% during August, 2016 and a cumulative growth of 18.3% for the period April-August, 2016.
8The growth is mainly due to increased consumption of FO in power, petrochemical, steel and general trade sectors.
8The consumption of LSHS has reduced due to shift to natural gas by major customers like fertilizer industries.
8LDO consumption recorded a growth of 31.8 % in the month of August, 2016 and a cumulative growth of 16.8 % for April-August, 2016. LDO month wise demand fluctuates depending on its requirement at power plants for boiler restarts.
8LDO is also extensively used in various types of furnaces and any fluctuation in manufacturing activities lead to fluctuation in its consumption.
8Commissioning of new power projects in South and East zones in India resulted in higher consumption of LDO during the month.
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8The growth is mainly due to increased consumption of FO in power, petrochemical, steel and general trade sectors.
8The consumption of LSHS has reduced due to shift to natural gas by major customers like fertilizer industries.
8LDO consumption recorded a growth of 31.8 % in the month of August, 2016 and a cumulative growth of 16.8 % for April-August, 2016. LDO month wise demand fluctuates depending on its requirement at power plants for boiler restarts.
8LDO is also extensively used in various types of furnaces and any fluctuation in manufacturing activities lead to fluctuation in its consumption.
8Commissioning of new power projects in South and East zones in India resulted in higher consumption of LDO during the month.
Click on Reports for more Details
ATF: During August, 2016 the growth in consumption of ATF was 10.3 % and a cumulative growth of 12.3% was observed for the period April-August, 2016.
8Air traffic in India continued its upward journey growing at a phenomenal pace, helped by cheaper fares.
8Domestic airlines carried 83.81 lakh passengers during August, 2016, 23.9% more than 67.60 lakh flown in August, 2015.
8The Ministry of Civil Aviation (MoCA) has come out with an integrated civil aviation policy with the central idea of making regional air connectivity a reality.
8The key objective of the policy is to take flying to the masses by making it affordable and convenient along with establishing an integrated eco-system that will lead to significant growth of the sector in the longer term.
Bitumen: As rains tapered off, bitumen consumption registered a growth of 9.9% during the month of August, 2016 and a cumulative growth of 15.5% for the period April-August, 2016.
8The Government has kept the development of roads at a high priority through various programs like the National Highways Development Project (NHDP), Special Accelerated Road Development Program in North East (SARDP-NE), Left Wing Extremism (LWE) and Pradhan Mantri Gramin Sadak Yojana (PMGSY).
8However, heavy rains impeded construction work and as rainfall has decreased in August, bitumen consumption went up during the month.
Click on Reports for more Details
8Air traffic in India continued its upward journey growing at a phenomenal pace, helped by cheaper fares.
8Domestic airlines carried 83.81 lakh passengers during August, 2016, 23.9% more than 67.60 lakh flown in August, 2015.
8The Ministry of Civil Aviation (MoCA) has come out with an integrated civil aviation policy with the central idea of making regional air connectivity a reality.
8The key objective of the policy is to take flying to the masses by making it affordable and convenient along with establishing an integrated eco-system that will lead to significant growth of the sector in the longer term.
Bitumen: As rains tapered off, bitumen consumption registered a growth of 9.9% during the month of August, 2016 and a cumulative growth of 15.5% for the period April-August, 2016.
8The Government has kept the development of roads at a high priority through various programs like the National Highways Development Project (NHDP), Special Accelerated Road Development Program in North East (SARDP-NE), Left Wing Extremism (LWE) and Pradhan Mantri Gramin Sadak Yojana (PMGSY).
8However, heavy rains impeded construction work and as rainfall has decreased in August, bitumen consumption went up during the month.
Click on Reports for more Details
Naphtha consumption recorded a de-growth of -3.7% during the month of August, 2016 and a cumulative de growth of -0.3 % for the period April-August, 2016.
8Petrochemical Industries remain the main consumers of naphtha in addition to minor consumers like fertilizer and power plants.
8Drop in demand by fertilizer and power plants were also recorded during the month.
8Pet-coke consumption registered a growth of 9.5% during August, 2016 and a cumulative growth of 31.0% during April-August, 2016.
8Multi-fuel cement plants and aluminum industries use pet-coke for their production and fall in prices of petroleum products makes it lucrative to use.
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8Petrochemical Industries remain the main consumers of naphtha in addition to minor consumers like fertilizer and power plants.
8Drop in demand by fertilizer and power plants were also recorded during the month.
8Pet-coke consumption registered a growth of 9.5% during August, 2016 and a cumulative growth of 31.0% during April-August, 2016.
8Multi-fuel cement plants and aluminum industries use pet-coke for their production and fall in prices of petroleum products makes it lucrative to use.
Click on Reports for more Details
Total LPG consumption recorded a positive growth of 19.2% during August, 2016 and a cumulative growth of 10.3% for the period April-August 2016.
8For the first time, during August, 2016, double digit growth in total LPG and LPG Packed Domestic consumption was observed.
8LPG-Packed Domestic consumption registered a growth of 19.2% during August 2016 and a growth of 9.4% during the period April-August 2016. High release of new connections during the month has also contributed to the rise.
8LPG-Packed Non-Domestic consumption for the twentieth month in a row registered a positive growth of 29.4% in August, 2016 and cumulative growth of 26.0% during April-August 2106.
8On the other hand, bulk LPG consumption registered a de-growth of -5.1% during August, 2016 and cumulative growth during April-August 2016 was 11.8%.
8Auto LPG consumption also registered a growth of 6.4% in August, 2016 and cumulative de-growth of -2.2% during April-August 2016. Reasons for de growth in Auto LPG are mainly due to more focus on CNG and reduction in prices of MS.
Click on Reports for more Details
8For the first time, during August, 2016, double digit growth in total LPG and LPG Packed Domestic consumption was observed.
8LPG-Packed Domestic consumption registered a growth of 19.2% during August 2016 and a growth of 9.4% during the period April-August 2016. High release of new connections during the month has also contributed to the rise.
8LPG-Packed Non-Domestic consumption for the twentieth month in a row registered a positive growth of 29.4% in August, 2016 and cumulative growth of 26.0% during April-August 2106.
8On the other hand, bulk LPG consumption registered a de-growth of -5.1% during August, 2016 and cumulative growth during April-August 2016 was 11.8%.
8Auto LPG consumption also registered a growth of 6.4% in August, 2016 and cumulative de-growth of -2.2% during April-August 2016. Reasons for de growth in Auto LPG are mainly due to more focus on CNG and reduction in prices of MS.
Click on Reports for more Details
HSD consumption in the country recorded a growth of 13.2% during the month of August, 2016 as compared to August, 2015 and a cumulative growth of 5.7% for the period April-August, 2016.
8Clearly the lethargy of the past few months has been cast aside.
8A lot of infrastructure and road projects that have been initiated by the government across the country have resulted in a push in construction activity resulting in higher diesel consumption.
8Increase in mining activity and has also improved diesel sales.
Click on Reports for more Details
8Clearly the lethargy of the past few months has been cast aside.
8A lot of infrastructure and road projects that have been initiated by the government across the country have resulted in a push in construction activity resulting in higher diesel consumption.
8Increase in mining activity and has also improved diesel sales.
Click on Reports for more Details
MS consumption during the month of August, 2016 recorded a substantially high growth of 24.9% as compared to August, 2015 and a cumulative growth of 13.9% for the period April-August, 2016.
8With an above-normal monsoon boosting farm production across the country, improved market sentiment and a flurry of new, affordable models in the past 6-8 months, good times have returned to the passenger vehicle market.
8Consumer preference has also shifted to petrol driven vehicles as the price difference between petrol and diesel has waned, hence contributing to the increased sale.
8Moreover, policy of scrapping old diesel vehicles and restrictions on sales of higher capacity diesel passenger vehicles has also pushed the sales of MS driven cars.
8Continuous high sale of two wheelers has also given good growth to MS sales.
8A downward revision in MS price also contributed in some measure.
Click on Reports for more Details
8With an above-normal monsoon boosting farm production across the country, improved market sentiment and a flurry of new, affordable models in the past 6-8 months, good times have returned to the passenger vehicle market.
8Consumer preference has also shifted to petrol driven vehicles as the price difference between petrol and diesel has waned, hence contributing to the increased sale.
8Moreover, policy of scrapping old diesel vehicles and restrictions on sales of higher capacity diesel passenger vehicles has also pushed the sales of MS driven cars.
8Continuous high sale of two wheelers has also given good growth to MS sales.
8A downward revision in MS price also contributed in some measure.
Click on Reports for more Details
Petroleum consumption galloped in August after a few months of sober growth.
8Overall consumption went up by an impressive11.4% in August, 2016 as compared to that in August, 2015.
8Except for SKO, naphtha and products under ‘others’ category, which recorded a negative growth of -13.3%, -3.7% and -6.9% respectively during the current month, all other products recorded positive growth.
8On cumulative basis, a growth of 9.3% was registered for the period April-August, 2016.
8Skeptics which thought that POL consumption in India had turned wobbly have been proved wrong by the August figures.
8Growth data in the next few months will now tell us whether the August growth rate is just a blip on the screen or part of a larger story.
Click on Reports for more Details
8Overall consumption went up by an impressive11.4% in August, 2016 as compared to that in August, 2015.
8Except for SKO, naphtha and products under ‘others’ category, which recorded a negative growth of -13.3%, -3.7% and -6.9% respectively during the current month, all other products recorded positive growth.
8On cumulative basis, a growth of 9.3% was registered for the period April-August, 2016.
8Skeptics which thought that POL consumption in India had turned wobbly have been proved wrong by the August figures.
8Growth data in the next few months will now tell us whether the August growth rate is just a blip on the screen or part of a larger story.
Click on Reports for more Details
A total of 1000 people from at least 300 companies attended the road shows in India and abroad on the Discovered Small Field Bid Round 2016.
Shows were held in:
8Houston
8Calgary
8Guwahati
8Mumbai
8New Delhi
8Dubai
8Singapore
8London
The website carries here names of participants, companies that they belong to along with their e-mail IDs. This is a good database for local teams which want to provide expertise to those who want to invest in these fields
Click on Reports for more. Details
Shows were held in:
8Houston
8Calgary
8Guwahati
8Mumbai
8New Delhi
8Dubai
8Singapore
8London
The website carries here names of participants, companies that they belong to along with their e-mail IDs. This is a good database for local teams which want to provide expertise to those who want to invest in these fields
Click on Reports for more. Details
Highly placed sources said that a tiff has occurred between Transocean and ONGC over the hiring of the Alan Bates drill ship under the 600 feet anchor moored category.
8Transocean had won the bid, but the company is unhappy with the wording of the letter of award.
8"ONGC wants us to deliver more than what we have promised," a miffed company official told this website.
8In a buyers market, ONGC is adamant on not going back on its position and Transocean, in a surprising show of rebellion, is refusing to accept the LOA.
Click on Details to find out what the tiff is all about. Details
8Transocean had won the bid, but the company is unhappy with the wording of the letter of award.
8"ONGC wants us to deliver more than what we have promised," a miffed company official told this website.
8In a buyers market, ONGC is adamant on not going back on its position and Transocean, in a surprising show of rebellion, is refusing to accept the LOA.
Click on Details to find out what the tiff is all about. Details
The ONGC-Transocean tiff has implications for bidders interested in the public sector E&P major's new tender for deepwater rigs.
8A careful consideration of the BEC conditionality and what ONGC is subsequently insisting in the LOA with Transocean will have to be made before a particular rig is offered for hire.
8There is a clear possibility of extra expenditure to be incurred in a rig over and above the day rate settled.
8And this is something that rig owners must take into consideration before settling on the rig rate to be offered against the tender.
Click on Details to know more. Details
8A careful consideration of the BEC conditionality and what ONGC is subsequently insisting in the LOA with Transocean will have to be made before a particular rig is offered for hire.
8There is a clear possibility of extra expenditure to be incurred in a rig over and above the day rate settled.
8And this is something that rig owners must take into consideration before settling on the rig rate to be offered against the tender.
Click on Details to know more. Details
The website believes that Transocean does not really have any reason to be miffed over the BEC condition against which the rig supplier is holding up acceptance of the LOA from ONGC.
8The geology of ONGC's reservoirs is complicated and there will always be occasions when the rig owner can insist on compensatory payments.
8Since ONGC is adamant on imposing its conditions, Transocean has no option but to meekly fall in line, at this point in time.
Click on Details for more Details
8The geology of ONGC's reservoirs is complicated and there will always be occasions when the rig owner can insist on compensatory payments.
8Since ONGC is adamant on imposing its conditions, Transocean has no option but to meekly fall in line, at this point in time.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Overhauling & Calibration of High Pressure & Temperature Fisher Make Control Valves in HGU & HDT Unit Details
8Supply of Potassium Formate (Powdered Solid) for KG-OSN-2001/3 Block Details
8Supply of Methanol, Pata Details
8Supply of Gas Detectors for DHDS Revamp Project, Manali Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices rebound ahead of OPEC energy ministers meeting Details
8India's petro consumption to grow 6% next fiscal Details
8HPCL surges on buzz of setting up global oil trading desk Details
8Indian Oil, US trade agency to jointly explore cleaner fuels Details
8Reliance Industries, BPCL, Indian Oil hit 52-week highs Details
8IndianOil and USTDA sign agreement to promote cleaner fuels in India Details
8OPEC supply cut only way to push up oil prices: Poll Details
8Oil India receives record gas output Details
8Lanka IOC says diesel tax increase will hit earnings Details
8State oil firms use up third of planned capex in first 5 months of fiscal year Details
8Petroleum consumption to grow by 6% in India: Moody's Details
8Billionaire Ambani, ONGC face 18% cut in India Natural-Gas price Details
You can also click on Newsclips for more Details
8Overhauling & Calibration of High Pressure & Temperature Fisher Make Control Valves in HGU & HDT Unit Details
8Supply of Potassium Formate (Powdered Solid) for KG-OSN-2001/3 Block Details
8Supply of Methanol, Pata Details
8Supply of Gas Detectors for DHDS Revamp Project, Manali Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices rebound ahead of OPEC energy ministers meeting Details
8India's petro consumption to grow 6% next fiscal Details
8HPCL surges on buzz of setting up global oil trading desk Details
8Indian Oil, US trade agency to jointly explore cleaner fuels Details
8Reliance Industries, BPCL, Indian Oil hit 52-week highs Details
8IndianOil and USTDA sign agreement to promote cleaner fuels in India Details
8OPEC supply cut only way to push up oil prices: Poll Details
8Oil India receives record gas output Details
8Lanka IOC says diesel tax increase will hit earnings Details
8State oil firms use up third of planned capex in first 5 months of fiscal year Details
8Petroleum consumption to grow by 6% in India: Moody's Details
8Billionaire Ambani, ONGC face 18% cut in India Natural-Gas price Details
You can also click on Newsclips for more Details
The advent of the driverless electric car will dramatically impact the basic business model of oil marketing companies like nothing else has done in the past.
8This change can happen in as little as 10 to 15 years. Retail outlets will no longer dispense petrol and diesel but food and merchandise. Perhaps, there will be electric pods in retail outlets along highways in which electric cars can get a full charge in as little as 5 to 10 minutes. In cities, the car will be charged at home, with one charge giving its lightweight nano-technology driven battery a mileage of 1000 kms, far more than what a tank full of petrol can push a conventional car.
8Refineries will not longer produce liquid fuels except ethylene to make petrochemicals. Even that will be under threat as other more environmental friendly ways of making petrochemicals are found, including using syn gas from coal (which will be dirt cheap by then), combined with carbon sequestration.
8Of the three OMCs, BPCL is ahead of the curve when thinking of the future with its customer outreach programme, dubbed "Project Nishchay".
8The company is diversifying out, providing customer centric products to both rural and urban populations. It has also got an urban consumer distribution model going too.
8But clearly all of this is not going to be enough as the world is moving much more rapidly than BPCL can keep pace with. It will be outsmarted and out maneuvered by start-ups in all the new areas it is venturing into.
8There is an urgent need for the OMCs to move rapidly up the innovation chain.
8And it is already a little late.
8Current refinery margins are high and bottomlines are swelling but this may be the last bulge before a long period of decline settles in, as both, more refining capacity in the Middle East and elsewhere, and disruptive technology, deal a mortal blow to their conventional business model.
8The extra money must be spent wisely in transiting into a liquid fuel-less future. And very quickly indeed.
8The need of the hour is innovative thinking. OMCs need to encourage a start-up culture within themselves as well as fund start-ups that will help them make the transition.
8Buying more E&P assets or even setting up LNG terminals will not help them buy a safe passage to the future.
8This website believes there is just not enough time for gas to emerge as a "transition fuel" anymore. That time has past, for technology has moved on. The clock is ticking far too rapidly for anyone's comfort. Solar and wind power is going to be cheaper than anything that can be produced with gas, leave alone coal, however low prices fall. A carbon tax -- which is inevitable as global warming begins to rear its ugly head -- will not just kill the coal industry but the gas business too. Energy storage cost is slated to fall so rapidly that gas based power plants will no longer be required for peaking power requirement in 10 years from now.
8Specialist consultancies will have to be brought in -- and not the general management consultancies which have had a stranglehold on all such contracts so far -- by the OMCs as soon as possible and they have to be paid well to crystal-gaze into the future and built contingency plans.
8Tying up with the likes of Gordon Ramsay or Koumei Nakamura for specialty restaurants in prime real estate in which retail outlets are located may perhaps make better business sense than striking E&P deals in far off South America or Russia.
8The future is frighteningly opaque as of this moment.
8And clearly the current management is ill equipped for the task ahead. For the OMC brass has only been tasked to look at the world in a linear one-dimensional manner. They know no better.
Click on Details to check on what BPCL's current plans are. Details
8This change can happen in as little as 10 to 15 years. Retail outlets will no longer dispense petrol and diesel but food and merchandise. Perhaps, there will be electric pods in retail outlets along highways in which electric cars can get a full charge in as little as 5 to 10 minutes. In cities, the car will be charged at home, with one charge giving its lightweight nano-technology driven battery a mileage of 1000 kms, far more than what a tank full of petrol can push a conventional car.
8Refineries will not longer produce liquid fuels except ethylene to make petrochemicals. Even that will be under threat as other more environmental friendly ways of making petrochemicals are found, including using syn gas from coal (which will be dirt cheap by then), combined with carbon sequestration.
8Of the three OMCs, BPCL is ahead of the curve when thinking of the future with its customer outreach programme, dubbed "Project Nishchay".
8The company is diversifying out, providing customer centric products to both rural and urban populations. It has also got an urban consumer distribution model going too.
8But clearly all of this is not going to be enough as the world is moving much more rapidly than BPCL can keep pace with. It will be outsmarted and out maneuvered by start-ups in all the new areas it is venturing into.
8There is an urgent need for the OMCs to move rapidly up the innovation chain.
8And it is already a little late.
8Current refinery margins are high and bottomlines are swelling but this may be the last bulge before a long period of decline settles in, as both, more refining capacity in the Middle East and elsewhere, and disruptive technology, deal a mortal blow to their conventional business model.
8The extra money must be spent wisely in transiting into a liquid fuel-less future. And very quickly indeed.
8The need of the hour is innovative thinking. OMCs need to encourage a start-up culture within themselves as well as fund start-ups that will help them make the transition.
8Buying more E&P assets or even setting up LNG terminals will not help them buy a safe passage to the future.
8This website believes there is just not enough time for gas to emerge as a "transition fuel" anymore. That time has past, for technology has moved on. The clock is ticking far too rapidly for anyone's comfort. Solar and wind power is going to be cheaper than anything that can be produced with gas, leave alone coal, however low prices fall. A carbon tax -- which is inevitable as global warming begins to rear its ugly head -- will not just kill the coal industry but the gas business too. Energy storage cost is slated to fall so rapidly that gas based power plants will no longer be required for peaking power requirement in 10 years from now.
8Specialist consultancies will have to be brought in -- and not the general management consultancies which have had a stranglehold on all such contracts so far -- by the OMCs as soon as possible and they have to be paid well to crystal-gaze into the future and built contingency plans.
8Tying up with the likes of Gordon Ramsay or Koumei Nakamura for specialty restaurants in prime real estate in which retail outlets are located may perhaps make better business sense than striking E&P deals in far off South America or Russia.
8The future is frighteningly opaque as of this moment.
8And clearly the current management is ill equipped for the task ahead. For the OMC brass has only been tasked to look at the world in a linear one-dimensional manner. They know no better.
Click on Details to check on what BPCL's current plans are. Details
Are you an LNG developer looking to tie up with a big cash rich public sector company?
8Well the website has a name in hand.
8The company is talking dabbling with a few proposals but nothing has been finalized yet.
8So if you have a good project, you can go and tap the company brass and give it a presentation.
8You never know, you may well have a deal in hand
Click on Reports for more. Details
8Well the website has a name in hand.
8The company is talking dabbling with a few proposals but nothing has been finalized yet.
8So if you have a good project, you can go and tap the company brass and give it a presentation.
8You never know, you may well have a deal in hand
Click on Reports for more. Details
Cairn India Ltd is targeting a gas production of 2.8 mmscmd by the first half of 2019
8Currently, it is trying to step up output to around 1.2 mmscmd by the first half of 2017.
8To push output up, a contract is out for a gas processing plant as well as a rig.
8A revised FDP for raising output in the Bhagyam field is being readied and will be submitted to ONGC by the first half of 2017
8Business development prospects are likely subsequently
8Current year's capex is $ 100 million, going mostly into development drilling.
Click on Reports for more Details
8Currently, it is trying to step up output to around 1.2 mmscmd by the first half of 2017.
8To push output up, a contract is out for a gas processing plant as well as a rig.
8A revised FDP for raising output in the Bhagyam field is being readied and will be submitted to ONGC by the first half of 2017
8Business development prospects are likely subsequently
8Current year's capex is $ 100 million, going mostly into development drilling.
Click on Reports for more Details
OIL's new chairman Utpal Bora is a man with good intentions. He says the company "would like to be the fastest growing energy company with a global presence."
8He proudly proclaimed that McKinsey had put together a Perspective Plan for 2030 and he is now making organizational changes accordingly.
8But Bora needs to be careful about such studies from general management consultants.
8If the 2030 Plan is just a linear projection of growth in his "core" sector, then he better do some rethinking.
8Climate change imperatives can pull the carpet right out from under his feet.
8The advent of electric cars and cheap renewal energy sources along with the dire projection that most of the oil and gas reserves will go untapped if global temperatures are kept tethered to the 2 degree mark, will change the game completely for a company like Oil India Ltd.
8Being a pure play E&P company, it is ill prepared to make the transition as of this moment.
8He needs to do more scenario planning and also consult with specialist agencies such as McDermott, IHS and Accenture before figuring out how 2030 is going to look like from distant Duliajan.
8A lot more will change in the next 10 years with his company than it ever did in all of its past.
Click on Reports for more Details
8He proudly proclaimed that McKinsey had put together a Perspective Plan for 2030 and he is now making organizational changes accordingly.
8But Bora needs to be careful about such studies from general management consultants.
8If the 2030 Plan is just a linear projection of growth in his "core" sector, then he better do some rethinking.
8Climate change imperatives can pull the carpet right out from under his feet.
8The advent of electric cars and cheap renewal energy sources along with the dire projection that most of the oil and gas reserves will go untapped if global temperatures are kept tethered to the 2 degree mark, will change the game completely for a company like Oil India Ltd.
8Being a pure play E&P company, it is ill prepared to make the transition as of this moment.
8He needs to do more scenario planning and also consult with specialist agencies such as McDermott, IHS and Accenture before figuring out how 2030 is going to look like from distant Duliajan.
8A lot more will change in the next 10 years with his company than it ever did in all of its past.
Click on Reports for more Details
