All content in this website is sourced legitimately
Archives
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.
Oct 2016
LPG storage facilities are being expanded or new facilities are coming up at a rapid pace across India to keep pace by rising demand>
8The website carries here yet another expansion proposal for 900 MT storage vessel and attendant fire fighting capabilities
8There is another project that will need an additional capacity of around 1800 MT in 600 MT vessels
8Total cost will be around Rs 120 crore
8RFQs are not out yet.
Click on Reports for more Details
8The website carries here yet another expansion proposal for 900 MT storage vessel and attendant fire fighting capabilities
8There is another project that will need an additional capacity of around 1800 MT in 600 MT vessels
8Total cost will be around Rs 120 crore
8RFQs are not out yet.
Click on Reports for more Details
Mahanagar Gas Ltd's big challenges ahead is to roll out its CGD infrastructure in a time bound manner to meet its regulatory targets in the newly authorized Raigarh district covering over 6800 Square Km area consisting of diverse topography.
8Another challenge would be to develop skills to prepare for likely competition post exclusivity scenario in Mumbai and Greater Mumbai and contiguous areas.
Among the legal cases which may have an impact on the company are:
8Natural gas marketing exclusivity in Mumbai and its adjoining areas in the Delhi High Court
8APTEL between MGL & PNGRB, GAIL and ONGCL, on applicability of additional Transportation Tariff of ONGCL’s Uran Trombay Pipeline levied by GAIL.
Business Opportunities
But business development opportunities will arise out of the company's expansion into Raigarh and greater penetration efforts in Mumbai before the exclusivity period comes to an end
Click on Reports for more Details
8Another challenge would be to develop skills to prepare for likely competition post exclusivity scenario in Mumbai and Greater Mumbai and contiguous areas.
Among the legal cases which may have an impact on the company are:
8Natural gas marketing exclusivity in Mumbai and its adjoining areas in the Delhi High Court
8APTEL between MGL & PNGRB, GAIL and ONGCL, on applicability of additional Transportation Tariff of ONGCL’s Uran Trombay Pipeline levied by GAIL.
Business Opportunities
But business development opportunities will arise out of the company's expansion into Raigarh and greater penetration efforts in Mumbai before the exclusivity period comes to an end
Click on Reports for more Details
The 'World LNG Market Forecast 2017 - 2021' forecasts global LNG expenditure to total US$284 billion between 2017 and 2021.
8This represents a 50% growth compared with the preceding five year period.
8Liquefaction terminals will remain the principal driver of expenditure, with spend in the segment totalling US$192 billon.
8This will subsequently lead to a 42% increase in liquefaction capacity by the end of the forecast period.
8Despite challenging times for shipyards, with only four LNG carriers ordered in 2016 (YTD), unit orders are expected to bounce back in the near term.
Click on Reports for more. Details
8This represents a 50% growth compared with the preceding five year period.
8Liquefaction terminals will remain the principal driver of expenditure, with spend in the segment totalling US$192 billon.
8This will subsequently lead to a 42% increase in liquefaction capacity by the end of the forecast period.
8Despite challenging times for shipyards, with only four LNG carriers ordered in 2016 (YTD), unit orders are expected to bounce back in the near term.
Click on Reports for more. Details
In a volatile market, working out the reserve prices for jobs is turning out to be a big headache for E&P companies such as OIL and ONGC.
8Some bidders with good contacts are able to find out what the actual reserve prices are, as they are an open secret.
8But the problem it seems is that some of these reserve prices are out of sync with ground reality because of the huge volatility in E&P equipment and service costs.
8Bidders are often seen quoting at or around the reserve price but actual quotes by aggressive companies have been found to be much lower.
8ONGC in fact has gone and warned some of its consultants about getting the reserve price right or face penal action. Work centres too have been warned to get the price feedback loop right, so that reserve prices are correctly calculated.
8In this context, what are the options left for a serious bidder, if it cannot go by the reserve price anymore?
Click on Details to find out more. Details
8Some bidders with good contacts are able to find out what the actual reserve prices are, as they are an open secret.
8But the problem it seems is that some of these reserve prices are out of sync with ground reality because of the huge volatility in E&P equipment and service costs.
8Bidders are often seen quoting at or around the reserve price but actual quotes by aggressive companies have been found to be much lower.
8ONGC in fact has gone and warned some of its consultants about getting the reserve price right or face penal action. Work centres too have been warned to get the price feedback loop right, so that reserve prices are correctly calculated.
8In this context, what are the options left for a serious bidder, if it cannot go by the reserve price anymore?
Click on Details to find out more. Details
The day rate for the ONGC tender for offshore rigs will depend critically on whether the owners are currently "cold" or "warm" stacking their idle rigs.
8Cold stacking offshore rigs can cost as little as $ 15,000 per day, as Transocean is currently doing with some of its rigs -- each of them with a price tag of $ 500 million -- in a far corner of the Caribbean Sea until the market improves.
8But such storage runs the attendant risk of switching off the very sophisticated onboard equipment which were never ever designed to be kept "cold". It is not known whether they can just be re-started or will need extensive repairs as they were never meant to be switched off.
8But many other rig owners, such as Noble Corp., Rowan Cos. and Pacific Drilling, to name a few, are paying anywhere from $30,000 to $50,000 a day to store their out-of-work ships.
8For some of them, the unknowns of cold-stacking are just too great and the cost to keep the ships running too manageable — about $10 million a year — to turn them off.
8Clearly, marginal costing is what rig owners are now going to look at while bidding for the ONGC tenders for two 1500 metre DP rigs and one 600 metre anchor moored rig.
8The question now is how far lower will distressed drillship operators go below the ONGC base rate to keep their rigs from being stacked or bring them out of either "warm" or "cold" stacks.
Click on Details for more Details
8Cold stacking offshore rigs can cost as little as $ 15,000 per day, as Transocean is currently doing with some of its rigs -- each of them with a price tag of $ 500 million -- in a far corner of the Caribbean Sea until the market improves.
8But such storage runs the attendant risk of switching off the very sophisticated onboard equipment which were never ever designed to be kept "cold". It is not known whether they can just be re-started or will need extensive repairs as they were never meant to be switched off.
8But many other rig owners, such as Noble Corp., Rowan Cos. and Pacific Drilling, to name a few, are paying anywhere from $30,000 to $50,000 a day to store their out-of-work ships.
8For some of them, the unknowns of cold-stacking are just too great and the cost to keep the ships running too manageable — about $10 million a year — to turn them off.
8Clearly, marginal costing is what rig owners are now going to look at while bidding for the ONGC tenders for two 1500 metre DP rigs and one 600 metre anchor moored rig.
8The question now is how far lower will distressed drillship operators go below the ONGC base rate to keep their rigs from being stacked or bring them out of either "warm" or "cold" stacks.
Click on Details for more Details
Nearly half of the world’s available floating rigs are out of work today, and most observers expect that the number will climb further.
8Not only are the drillship operators’ customers slashing spending in high-cost offshore areas and canceling work contracts early, but new rigs that were ordered in recent years keep rolling out of shipyards.
8It is estimated that as much as $56 billion worth of offshore rigs, capable of drilling in everything from shallow water to oceans more than two miles deep, are still under construction.
Click on Details for more Details
8Not only are the drillship operators’ customers slashing spending in high-cost offshore areas and canceling work contracts early, but new rigs that were ordered in recent years keep rolling out of shipyards.
8It is estimated that as much as $56 billion worth of offshore rigs, capable of drilling in everything from shallow water to oceans more than two miles deep, are still under construction.
Click on Details for more Details
Well placed ONGC sources said that the three life extension tenders for 48 well platforms in Mumbai High and Neelam fields have finally been awarded after the finalization of the latest tender for 10 unmanned platforms.
8There were as many as 15 bidders for this contact though eventually only six of them were shortlisted.
8Find out who won the bid finally.
8For Mumbai based material and equipment suppliers, there will be a significant amount of business that will be generated from these well platform repair jobs.
Click on Details for more Details
8There were as many as 15 bidders for this contact though eventually only six of them were shortlisted.
8Find out who won the bid finally.
8For Mumbai based material and equipment suppliers, there will be a significant amount of business that will be generated from these well platform repair jobs.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Gas Detectors, Panipat Details
8Procurement of Additive Antiblocking Agent for LLDPE/ HDPE Unit, Assam Details
8Hiring of contract services for cleaning pigging of Regional Gas Pipelines, Vadodara Details
8Tender for earthing contract for GAIL Jhabua pipeline, Madhya Pradesh Details
8Procurement of Additive Slip Agent for LLDPE/ HDPE Unit, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices fall on high production despite planned OPEC output cut Details
8India plans energy event with a focus on Latin America Details
8Transocean says RIL ending drillship contract Details
8Oil settles above $50 as Iran calls for non-OPEC support Details
8Haldia Petro gets nod to set up fuel stations Details
8Gas price cut: the gainers and losers Details
8Cut in gas prices positive for users but could dent profits of producers: ICRA Details
8Ratification of climate accord to bring more focus on India's renewable sector: Bridge to India Details
8Mahanagar Gas cuts CNG, PNG prices by up to Rs 1.60 Details
8Jordan defends gas deal with Israel Details
8Jharkhand becomes first state to launch DBT in Kerosene Details
You can also click on Newsclips for more Details
8Supply of Gas Detectors, Panipat Details
8Procurement of Additive Antiblocking Agent for LLDPE/ HDPE Unit, Assam Details
8Hiring of contract services for cleaning pigging of Regional Gas Pipelines, Vadodara Details
8Tender for earthing contract for GAIL Jhabua pipeline, Madhya Pradesh Details
8Procurement of Additive Slip Agent for LLDPE/ HDPE Unit, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices fall on high production despite planned OPEC output cut Details
8India plans energy event with a focus on Latin America Details
8Transocean says RIL ending drillship contract Details
8Oil settles above $50 as Iran calls for non-OPEC support Details
8Haldia Petro gets nod to set up fuel stations Details
8Gas price cut: the gainers and losers Details
8Cut in gas prices positive for users but could dent profits of producers: ICRA Details
8Ratification of climate accord to bring more focus on India's renewable sector: Bridge to India Details
8Mahanagar Gas cuts CNG, PNG prices by up to Rs 1.60 Details
8Jordan defends gas deal with Israel Details
8Jharkhand becomes first state to launch DBT in Kerosene Details
You can also click on Newsclips for more Details
ONGC has also hired a consultant over and above the Owner Engineering Consultant, INTECSEA Asia Pacific Sdn, Kuala Lampur,
8In the normal course, INTECSEA should have done the job but ONGC wants to fortify itself further on all aspects of the KG-DWN-98/2 development by hiring yet another consultant.
8The consultant has been hired for subsea projects but he will end up doing much more
Find out more on the new consultant and his role.
Click on Details for more Details
8In the normal course, INTECSEA should have done the job but ONGC wants to fortify itself further on all aspects of the KG-DWN-98/2 development by hiring yet another consultant.
8The consultant has been hired for subsea projects but he will end up doing much more
Find out more on the new consultant and his role.
Click on Details for more Details
A business development opportunity has arisen for building a massive 2000 km product pipeline
8The capacity of the pipeline is about 3.7 MMTPA, including a common carrier capacity of 25%
8The diameter of the pipeline will vary from 18 to 10 inches
8A map of the pipeline is attached
8The proposal is at a preliminary stage and RFQs have not been released but business development managers must be in the loop from now on
Click on Reports for more Details
8The capacity of the pipeline is about 3.7 MMTPA, including a common carrier capacity of 25%
8The diameter of the pipeline will vary from 18 to 10 inches
8A map of the pipeline is attached
8The proposal is at a preliminary stage and RFQs have not been released but business development managers must be in the loop from now on
Click on Reports for more Details
Oil marketing companies are bringing out lists of imported products where they are looking for equivalent domestic substitutes.
8This is being done as part of the "Make in India" campaign of the Modi government.
8The website carries here a list of 200 such items in the refining sector where domestic manufacturers are being called upon to come up with substitutes
Click on Reports for more Details
8This is being done as part of the "Make in India" campaign of the Modi government.
8The website carries here a list of 200 such items in the refining sector where domestic manufacturers are being called upon to come up with substitutes
Click on Reports for more Details
Gas hydrate production is still going to be technologically challenging.
8Laboratory studies of chemical injection into gas hydrate formations indicated that CO2 injection could be designed to produce a relatively rapid and efficient molecular substitution to achieve the permanent storage of CO2 in hydrate form in exchange for the simultaneous release of methane.
8However, complications can arise due to the likely presence of free water in natural gas hydrate formations, which would bind injected CO2 into a CO2 hydrate prior to interaction with the native methane hydrate.
8In partnership with DOE and the Japan Oil Gas & Metals National Corporation, the ConocoPhillips-operated Ignik Sikumi test well was designed to test this chemical exchange in the field. That test used a CO2-N2 gas mixture to address the free water issues and confirmed that gas injection is sustainable in water-bearing gas hydrate reservoirs, that some degree of bulk exchange of chemical species does occur, and that it may have certain beneficial effects such as increasing the mechanical stability of the sediments.
8The test concluded that chemical injection will likely serve a complementary role in ultimate integrated production systems in certain settings, but it is unlikely to achieve the production rates achievable through approaches that are based on reservoir depressurization.
8Therefore, going forward, the focus right now is on depressurization as the highest priority for future gas hydrate production R&D.
8Those looking at business development in this area must focus on key personnel already working in this area in ONGC
Click on Reports for more Details
8Laboratory studies of chemical injection into gas hydrate formations indicated that CO2 injection could be designed to produce a relatively rapid and efficient molecular substitution to achieve the permanent storage of CO2 in hydrate form in exchange for the simultaneous release of methane.
8However, complications can arise due to the likely presence of free water in natural gas hydrate formations, which would bind injected CO2 into a CO2 hydrate prior to interaction with the native methane hydrate.
8In partnership with DOE and the Japan Oil Gas & Metals National Corporation, the ConocoPhillips-operated Ignik Sikumi test well was designed to test this chemical exchange in the field. That test used a CO2-N2 gas mixture to address the free water issues and confirmed that gas injection is sustainable in water-bearing gas hydrate reservoirs, that some degree of bulk exchange of chemical species does occur, and that it may have certain beneficial effects such as increasing the mechanical stability of the sediments.
8The test concluded that chemical injection will likely serve a complementary role in ultimate integrated production systems in certain settings, but it is unlikely to achieve the production rates achievable through approaches that are based on reservoir depressurization.
8Therefore, going forward, the focus right now is on depressurization as the highest priority for future gas hydrate production R&D.
8Those looking at business development in this area must focus on key personnel already working in this area in ONGC
Click on Reports for more Details
Is gas hydrates the next business opportunity for equipment and service providers?
8As we all know massive volumes of gas hydrates have been discovered in two expeditions in India's deepwater areas.
8Well placed sources in ONGC said that preliminary preparations are currently on to push ahead with production testing of these reserves.
8Indian will be one of the first countries to be doing so.
8There is even hope that production testing, if successful, can quickly lead to regular production of gas hydrates for India, though there are several technological hurdles which will have to be overcome.
8ONGC is likely to conduct production testing in collaboration with the Japanese and US governments.
Click on Reports for more Details
8As we all know massive volumes of gas hydrates have been discovered in two expeditions in India's deepwater areas.
8Well placed sources in ONGC said that preliminary preparations are currently on to push ahead with production testing of these reserves.
8Indian will be one of the first countries to be doing so.
8There is even hope that production testing, if successful, can quickly lead to regular production of gas hydrates for India, though there are several technological hurdles which will have to be overcome.
8ONGC is likely to conduct production testing in collaboration with the Japanese and US governments.
Click on Reports for more Details
Companies looking for new areas to get into can consider the dredging industry as a potential candidate.
Here are the reasons why the future is bright in this industry:
8India’s dredging market is expected to be worth Rs 20,000 crore over the next five years
8Ship sizes are getting bigger and this requires deepening the channels and berths to accommodate larger ships
8The Indian government has decided to deepen all 12 nationalised ports to a minimum of 18m (presently 9-12m).
8The capacity of Indian ports (major and non-major) is expected to grow from 1,300 to 3,200mn tonnes per annum by 2020.
8The Shipping Ministry has expressed its intentions of establishing three new major ports at Sagar Island (West Bengal), Dugarajapatnam (Andhra Pradesh) and Tadadi (Karnataka).
8India’s coastline spans a whopping 7,500km and comprises 12 major and 187 non-major ports. 90 per cent of the country’s trade by volume and 70 per cent by value moves via maritime channels. Most of the ports are undergoing major expansions where dredging is a requirement.
8In 2015-16, only 0.15 per cent of domestic cargo was transported by inland water transport in India, compared with 43 per cent in China.
8Ports and inland waterways are expected to get a boost with the recent Cabinet approval to increase the number of national waterways from five to 111 in the National Waterways Bill. Dredging will be a big requirement when these waterways expand.
Click on Reports for a full set of data and analysis on the Indian dredging industry and why it has a bright future Details
Here are the reasons why the future is bright in this industry:
8India’s dredging market is expected to be worth Rs 20,000 crore over the next five years
8Ship sizes are getting bigger and this requires deepening the channels and berths to accommodate larger ships
8The Indian government has decided to deepen all 12 nationalised ports to a minimum of 18m (presently 9-12m).
8The capacity of Indian ports (major and non-major) is expected to grow from 1,300 to 3,200mn tonnes per annum by 2020.
8The Shipping Ministry has expressed its intentions of establishing three new major ports at Sagar Island (West Bengal), Dugarajapatnam (Andhra Pradesh) and Tadadi (Karnataka).
8India’s coastline spans a whopping 7,500km and comprises 12 major and 187 non-major ports. 90 per cent of the country’s trade by volume and 70 per cent by value moves via maritime channels. Most of the ports are undergoing major expansions where dredging is a requirement.
8In 2015-16, only 0.15 per cent of domestic cargo was transported by inland water transport in India, compared with 43 per cent in China.
8Ports and inland waterways are expected to get a boost with the recent Cabinet approval to increase the number of national waterways from five to 111 in the National Waterways Bill. Dredging will be a big requirement when these waterways expand.
Click on Reports for a full set of data and analysis on the Indian dredging industry and why it has a bright future Details
Now that the lowest bidder has been selected, a lot of sub-contracts are likely to come out for the B-127 Cluster Pipeline Project.
8The earlier contract with Punj Lloyd and PT Sempec was cancelled by ONGC earlier this year because of non-performance.
8In the re-bidding that followed, a contractor has now been selected.
8Business development managers must get in touch with the winning bidder to know more on when work is going to start and what kind of equipment specifications are likely to be drawn up for the work that will have to be subcontracted out.
8Find out more about why the new contractor will have to push prices really low with sub contractors in order to stay on top.
Click on Details for more Details
8The earlier contract with Punj Lloyd and PT Sempec was cancelled by ONGC earlier this year because of non-performance.
8In the re-bidding that followed, a contractor has now been selected.
8Business development managers must get in touch with the winning bidder to know more on when work is going to start and what kind of equipment specifications are likely to be drawn up for the work that will have to be subcontracted out.
8Find out more about why the new contractor will have to push prices really low with sub contractors in order to stay on top.
Click on Details for more Details
Deepwater gas price for India from new discoveries has been pegged at $ 5.30/mmbtu for the period of October, 2016 to March, 2017.
8The cost economics of ONGC $ 5 billion KG-DWN-98/2 calls for a 15% return on investment at a gas price of $ 6.9/mmbtu.
8The projection is that a spate of new LNG production will drive prices lower by 2019 when first gas is expected out of ONGC's KG-DWN-98/2 di5-year scoveries>
8Prices are then expected to be lower than the $ 5.30 level announced yesterday for the next six months.
8Will ONGC be able to break even when gas prices are going to be up to $ 2/mmbtu lower than its expected price?
8What is more, fresh 25-year LNG demand-supply projections show that gas prices are going to stay low for a long period of time
8If LNG price stays low for the next 25 years as supply overwhelms demand, Indian domestic E&P industry will have to work on low break-even prices.
8Unless large volumes of cheap onland gas are discovered, offshore gas economics will be under severe pressure.
8ONGC has assumed a gas price of $6.9/mmbtu for a 15% return after skinning the project to its bone while trying to keep costs low.
8Given the treacherous geology and the company's inability to control time and cost overruns, will ONGC be able to stick to the $6.9/mmbtu limit?
8What if ONGC's costs go up and the delivered price of LNG stays fixed at $4-5/mmbtu?
8These are serious questions and it remains a moot point whether the ONGC brass has given enough thought to them.
Click on Reports for more Details
8The cost economics of ONGC $ 5 billion KG-DWN-98/2 calls for a 15% return on investment at a gas price of $ 6.9/mmbtu.
8The projection is that a spate of new LNG production will drive prices lower by 2019 when first gas is expected out of ONGC's KG-DWN-98/2 di5-year scoveries>
8Prices are then expected to be lower than the $ 5.30 level announced yesterday for the next six months.
8Will ONGC be able to break even when gas prices are going to be up to $ 2/mmbtu lower than its expected price?
8What is more, fresh 25-year LNG demand-supply projections show that gas prices are going to stay low for a long period of time
8If LNG price stays low for the next 25 years as supply overwhelms demand, Indian domestic E&P industry will have to work on low break-even prices.
8Unless large volumes of cheap onland gas are discovered, offshore gas economics will be under severe pressure.
8ONGC has assumed a gas price of $6.9/mmbtu for a 15% return after skinning the project to its bone while trying to keep costs low.
8Given the treacherous geology and the company's inability to control time and cost overruns, will ONGC be able to stick to the $6.9/mmbtu limit?
8What if ONGC's costs go up and the delivered price of LNG stays fixed at $4-5/mmbtu?
8These are serious questions and it remains a moot point whether the ONGC brass has given enough thought to them.
Click on Reports for more Details
Oct 03 : ONGC's KG-DWN-97/2 development-IV: Everyone waiting for design and equipment specifications
For ONGC, getting the sub-sea facilities installed on time and getting them to perform without hitch is going to be the biggest challenge.
8The water depth is high and the geology treacherous.
8What the indenting division of ONGC is waiting for now is design and specifications details before proceeding to tendering for sub-sea facilities.
8What are the requirements?
Click on Details for more Details
8The water depth is high and the geology treacherous.
8What the indenting division of ONGC is waiting for now is design and specifications details before proceeding to tendering for sub-sea facilities.
8What are the requirements?
Click on Details for more Details
ONGC has allocated $ 100 million out of a total budget of $ 5 billion for hiring of consultants for the development of the KG-DWN-98/2 block.
8It is now hurrying through with the appointment of consultants.
8And this is being done without going through tendering as the company feels that tendering will be a long drawn out process and the manner in which tenders are designed, where the emphasis is on the lowest common denominator, it is never easy to get the right consultant for the right job.
8It is learnt from ONGC sources in its Eastern Offshore Asset that it has hired a geotechnical consultant for the block.
8Find out who this consultant is and what is it that it is going to do in the block.
Click on Details Details
8It is now hurrying through with the appointment of consultants.
8And this is being done without going through tendering as the company feels that tendering will be a long drawn out process and the manner in which tenders are designed, where the emphasis is on the lowest common denominator, it is never easy to get the right consultant for the right job.
8It is learnt from ONGC sources in its Eastern Offshore Asset that it has hired a geotechnical consultant for the block.
8Find out who this consultant is and what is it that it is going to do in the block.
Click on Details Details
ONGC has already hired a geo-technical service provider
8The newly appointed geo-technical consultant will help the service provider to conduct the investigations in the right locations.
8Find our more about the service provider and when work is likely to begin in the block.
8Meanwhile, ONGC sources have said that work is going on at a furious pace within the company on the KG-SWN-98/2 development as well as in the offices of consultants around the world to ensure that timelines are followed.
8The instructions from the top is to ensure that first gas is struck in 2019 and first oil by 2020.
8Find out more on the geo-technical service provider and when the actual work will begin at site.
Click on Details for more Details
8The newly appointed geo-technical consultant will help the service provider to conduct the investigations in the right locations.
8Find our more about the service provider and when work is likely to begin in the block.
8Meanwhile, ONGC sources have said that work is going on at a furious pace within the company on the KG-SWN-98/2 development as well as in the offices of consultants around the world to ensure that timelines are followed.
8The instructions from the top is to ensure that first gas is struck in 2019 and first oil by 2020.
8Find out more on the geo-technical service provider and when the actual work will begin at site.
Click on Details for more Details
Many a seasoned business development manager is at sea over who are the key contacts within ONGC and among the consultants for the $ 5 billion project.
8This is a crucial phase of the project, when key design and equipment specifications are being prepared.
8Knowing the right people helps, not because you can influence design or specifications but just so that you are in the loop.`
8The main job in ONGC is being done by the Eastern Offshore Asset of ONGC.
8We also provide you some key contacts among consultants appointed so far.
Click on Details Details
8This is a crucial phase of the project, when key design and equipment specifications are being prepared.
8Knowing the right people helps, not because you can influence design or specifications but just so that you are in the loop.`
8The main job in ONGC is being done by the Eastern Offshore Asset of ONGC.
8We also provide you some key contacts among consultants appointed so far.
Click on Details Details
ONGC may have spurned RIL's offer for sharing of infrastructure in the KG Basin.
8RIL has said that ONGC could have saved as much as Rs 10,000 crore if it were to pick up spare capacity lying with RIL in the D-6 field.
8But interestingly ONGC is still gaining a lot of time and saving money because of RIL.
8Find out how RIL helped ONGC in cutting corners and gaining experience.
Click on Details Details
8RIL has said that ONGC could have saved as much as Rs 10,000 crore if it were to pick up spare capacity lying with RIL in the D-6 field.
8But interestingly ONGC is still gaining a lot of time and saving money because of RIL.
8Find out how RIL helped ONGC in cutting corners and gaining experience.
Click on Details Details
The fact that the L-1 bidder's rate was significantly lower than the L-2 and L-3 contractor for the B-127 Cluster Pipeline job is an indication of how the other two contractors misread both the reserve price set by ONGC and also how much lower one of their competitors could go to grab the tender.
8It is quite likely that the business development managers were unaware of ONGC's reserve price for the project.
8This is evident from the fact that the L-2 and L-3 bidders quoted prices way above both the reserve price and the price set by the L-1 contractor.
8Price setting is a complex job and getting it wide off the mark is testimony to lack of homework by those who set prices for the L-2 and L-3 bidders as well as their business development managers.
Click on Details for more Details
8It is quite likely that the business development managers were unaware of ONGC's reserve price for the project.
8This is evident from the fact that the L-2 and L-3 bidders quoted prices way above both the reserve price and the price set by the L-1 contractor.
8Price setting is a complex job and getting it wide off the mark is testimony to lack of homework by those who set prices for the L-2 and L-3 bidders as well as their business development managers.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Mainline Laying Works for laying of Crude Oil Pipeline Details
8Procurement of Spares for Ultrasonic Flowmeter, Digboi Refinery Details
8Procurement of Rotary Face Assembly for DCU Pumps, Refineries Division Details
8Procurement of Hydrocom Actuators, Guwahati Refinery Details
8Supply and Installation of High Performance Liquid Chromatograph Details
8EOI for Petroleum Engineering requirements related to Workover rigs for RJ-ON-90/1, CB-OS/2 and Ravva Block Details
8EOI for supply of various packages for RDG Gas Development Project Details
8EOI for Retrofitting existing Produced Water Treatment Vessels for Mangala, Rajasthan Block Details
8EOI for Petroleum Engineering requirements for RJ-ON-90/1, CB-OS/2 and Ravva Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL should pay for illegally extracting gas: CPI(M) Details
8ONGC top guns face Travel Allowance cut Details
8Oil prices fall in Asia on doubts over OPEC deal Details
8Crackdown on hotels flouting norms, 3,405 LPG cylinders seized Details
8Russia plays wait and see on oil freeze after OPEC deal Details
8NTPC faces upto 30 per cent cut in fuel cost recovery on Regulatory hurdles Details
8Indian Oil to expand Barauni refinery with Rs 8,287 crore investment Details
8Govt cuts natural gas price 20 per cent to $2.5 per unit Details
8OPEC cut supports slow Oil Recovery, not strong rebound: Fitch Details
8Domestic natural gas price falls to $2.5 per unit Details
8India’s core sector production up 3.2% in August Details
8Gas price for industrial use cut by 18% Details
8Russian oil output jumps 4 pct in September to a new record Details
8ONGC, OIL making losses on natural gas production Details
8Gujarat Narmada Valley, Belgium's Ecophos to set up Rs 526 cr plant in Gujarat Details
8Kerala CM promises all support to GAIL project Details
8Oil India Ltd announces Rs 50 crore start-up fund Details
8CNG, PNG prices cut in Delhi NCR by IGL Details
You can also click on Newsclips for more Details
8Mainline Laying Works for laying of Crude Oil Pipeline Details
8Procurement of Spares for Ultrasonic Flowmeter, Digboi Refinery Details
8Procurement of Rotary Face Assembly for DCU Pumps, Refineries Division Details
8Procurement of Hydrocom Actuators, Guwahati Refinery Details
8Supply and Installation of High Performance Liquid Chromatograph Details
8EOI for Petroleum Engineering requirements related to Workover rigs for RJ-ON-90/1, CB-OS/2 and Ravva Block Details
8EOI for supply of various packages for RDG Gas Development Project Details
8EOI for Retrofitting existing Produced Water Treatment Vessels for Mangala, Rajasthan Block Details
8EOI for Petroleum Engineering requirements for RJ-ON-90/1, CB-OS/2 and Ravva Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8RIL should pay for illegally extracting gas: CPI(M) Details
8ONGC top guns face Travel Allowance cut Details
8Oil prices fall in Asia on doubts over OPEC deal Details
8Crackdown on hotels flouting norms, 3,405 LPG cylinders seized Details
8Russia plays wait and see on oil freeze after OPEC deal Details
8NTPC faces upto 30 per cent cut in fuel cost recovery on Regulatory hurdles Details
8Indian Oil to expand Barauni refinery with Rs 8,287 crore investment Details
8Govt cuts natural gas price 20 per cent to $2.5 per unit Details
8OPEC cut supports slow Oil Recovery, not strong rebound: Fitch Details
8Domestic natural gas price falls to $2.5 per unit Details
8India’s core sector production up 3.2% in August Details
8Gas price for industrial use cut by 18% Details
8Russian oil output jumps 4 pct in September to a new record Details
8ONGC, OIL making losses on natural gas production Details
8Gujarat Narmada Valley, Belgium's Ecophos to set up Rs 526 cr plant in Gujarat Details
8Kerala CM promises all support to GAIL project Details
8Oil India Ltd announces Rs 50 crore start-up fund Details
8CNG, PNG prices cut in Delhi NCR by IGL Details
You can also click on Newsclips for more Details
