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Oct 2017
8Project Name: 3D Seismic Data Acquisition.
8Project Description: Promoter is planning Ocean Bottom Cable (OBC) mode seismic data acquisition in the offshore block for more accurate estimation of prospects. The OBC method involves laying down of receivers on the ocean floor to carry out data acquisition.The technology provides an opportunity to merge both the geophone and hydrophone signals, which gives a better result than the marine steamer mode seismic acquisition. Earlier, 3D conventional streamer survey was already conducted in the block. Further RFQs are expected shortly.
8Project Event: RFQ's for hiring services for OBC Mode seismic survey is expected by the 4th quarter of 2017.
8Expenditure Approval: Q3/2015
8RFQ Date: Dec/2017
8Release Date: Q1/2018
8Start Date: Q2/2019
8Completion Date: Q2/2022
Click here for details Details
8Project Description: Promoter is planning Ocean Bottom Cable (OBC) mode seismic data acquisition in the offshore block for more accurate estimation of prospects. The OBC method involves laying down of receivers on the ocean floor to carry out data acquisition.The technology provides an opportunity to merge both the geophone and hydrophone signals, which gives a better result than the marine steamer mode seismic acquisition. Earlier, 3D conventional streamer survey was already conducted in the block. Further RFQs are expected shortly.
8Project Event: RFQ's for hiring services for OBC Mode seismic survey is expected by the 4th quarter of 2017.
8Expenditure Approval: Q3/2015
8RFQ Date: Dec/2017
8Release Date: Q1/2018
8Start Date: Q2/2019
8Completion Date: Q2/2022
Click here for details Details
There was a general consensus that petrochemical demand will never go down in the world.
8But this projection claims a 30% decline in petrochemicals production levels over the next 30 years, driven by regional transitions in product demand and in feedstock supply
8Petrochemicals will increasingly rely on gas as oil consumption declines.
8Globally, the model foresees a drive, aided by greater and more sophisticated digitalization, to optimize lifecycle performance for existing and new-build facilities throughout the refining and petrochemicals sectors.
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8But this projection claims a 30% decline in petrochemicals production levels over the next 30 years, driven by regional transitions in product demand and in feedstock supply
8Petrochemicals will increasingly rely on gas as oil consumption declines.
8Globally, the model foresees a drive, aided by greater and more sophisticated digitalization, to optimize lifecycle performance for existing and new-build facilities throughout the refining and petrochemicals sectors.
Click on Reports for more Details
Oct 03 : Peak demand for oil in 2022: Prices to stay low but temporary shortages cannot be ruled out
The model makes no projections on oil prices but given the demand-supply projections, prices are expected to stay low in the face of declining demand.
8When OPEC cuts production, unconventional producers who are efficient enough to be profitable at an oil price of USD50-55 per barrel, and probably even lower in the future, can respond rapidly at that trigger point with production increases that defeat OPEC efforts to raise prices.
8Because they are not bound by OPEC agreements, unconventional producers can do this every time, creating a situation where large conventional field operators will always be beaten to the rewards of dearer oil before prices are forced down again by rising supply.
8This is set to create a medium-term supply challenge because operators are reluctant to invest in large conventional field developments while oil prices are low.
8While this model does not build to forecast short- and medium-term trends, oil production shortages seem likely if production from conventional fields declines faster than the output from unconventionals grows but all of this does not take away from the basic projection that consumption of oil will decline from 2022 onwards.
Click on Reports for more Details
8When OPEC cuts production, unconventional producers who are efficient enough to be profitable at an oil price of USD50-55 per barrel, and probably even lower in the future, can respond rapidly at that trigger point with production increases that defeat OPEC efforts to raise prices.
8Because they are not bound by OPEC agreements, unconventional producers can do this every time, creating a situation where large conventional field operators will always be beaten to the rewards of dearer oil before prices are forced down again by rising supply.
8This is set to create a medium-term supply challenge because operators are reluctant to invest in large conventional field developments while oil prices are low.
8While this model does not build to forecast short- and medium-term trends, oil production shortages seem likely if production from conventional fields declines faster than the output from unconventionals grows but all of this does not take away from the basic projection that consumption of oil will decline from 2022 onwards.
Click on Reports for more Details
For gas however, peak demand will be scaled later, at around 2035.
8Conventional onshore gas production will start declining from about 2020 along with offshore gas production while unconventional onshore gas rises to a plateau, according to this projection.
8For now, India seems to be defying all international predictions that the power sector will be the largest consumer of gas in India.
8But there are some tell-tale signs of change.
8The spurt of renewable energy is already putting a lot of pressure on the grid and this will only mount when the renewable generation capacity goes up further.
8There are two views emerging in the Indian power sector: One that says that gas based power will not be required as conventional coal-based power can take on the demand for variable power while there are others who say that gas-based power plants will get going soon because the variability will be too sharp for any other power source to take on.
Click on Reports for more on the calculations behind the two claims. Details
8Conventional onshore gas production will start declining from about 2020 along with offshore gas production while unconventional onshore gas rises to a plateau, according to this projection.
8For now, India seems to be defying all international predictions that the power sector will be the largest consumer of gas in India.
8But there are some tell-tale signs of change.
8The spurt of renewable energy is already putting a lot of pressure on the grid and this will only mount when the renewable generation capacity goes up further.
8There are two views emerging in the Indian power sector: One that says that gas based power will not be required as conventional coal-based power can take on the demand for variable power while there are others who say that gas-based power plants will get going soon because the variability will be too sharp for any other power source to take on.
Click on Reports for more on the calculations behind the two claims. Details
Global refinery oil demand will reach a high by 2022 at only 2% above 2017 levels, followed by a 39% decline by 2050, due largely to significantly reduced transport sector oil demand.
8This is driven largely by changes in the transport market, resulting from a shift to electrifying domestic and commercial transport, and the increased efficiency of next-generation engines fuelled by petroleum and diesel.
8Demand will go up in other parts of the world but not by enough to make up for the decline among major consumers.
8The only regions of the world where refinery capacity will go up are in India and Sub Saharan Africa. These places will see scalable and operationally flexible capacity coming up.
8It is imperative for policy planner to read this report before embarking on breakneck expansion plans.
Click on Reports for more Details
8This is driven largely by changes in the transport market, resulting from a shift to electrifying domestic and commercial transport, and the increased efficiency of next-generation engines fuelled by petroleum and diesel.
8Demand will go up in other parts of the world but not by enough to make up for the decline among major consumers.
8The only regions of the world where refinery capacity will go up are in India and Sub Saharan Africa. These places will see scalable and operationally flexible capacity coming up.
8It is imperative for policy planner to read this report before embarking on breakneck expansion plans.
Click on Reports for more Details
The latest research by a very respected oil and gas service provider has made the alarming claim that peak demand for oil will come as early as the year 2022.
8A decline in demand will begin, with significant decreases in North America, Europe, Pacific OECD, and later in China.
8The forecast curve shows production rising from nearly 82 million barrels per day (Mbpd) in 2015 (excluding NGLs and other liquids) to a high of 83Mbpd in 2022 before declining, slowly at first then more quickly, to hit 50Mbpd in 2050.
8Offshore oil production is likely to gradually decline over the forecast period, from today’s level at 26Mbpd to less than half that amount in 2030. The Middle East and North Africa are the only regions from where a more-or-less sustained level of offshore oil production is possible beyond 2020.
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8A decline in demand will begin, with significant decreases in North America, Europe, Pacific OECD, and later in China.
8The forecast curve shows production rising from nearly 82 million barrels per day (Mbpd) in 2015 (excluding NGLs and other liquids) to a high of 83Mbpd in 2022 before declining, slowly at first then more quickly, to hit 50Mbpd in 2050.
8Offshore oil production is likely to gradually decline over the forecast period, from today’s level at 26Mbpd to less than half that amount in 2030. The Middle East and North Africa are the only regions from where a more-or-less sustained level of offshore oil production is possible beyond 2020.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8O&M Contract for additional Coke Handling System of DCU in refinery Details
8Work of providing assistance in obtaining combined consent for establishment and operation as per the CPCB guidelines for Ahmednagar-Solapur pipeline section of KASPL project Details
8Procurement of Inline Ultrasonic Flow Meters Details
8Fabrication and Erection of Product Pipe Lines, Hydrant Pipe Line and Utility Services Details
8Civil Work for Drill Site and Post Rig Building Works in Madhya Pradesh Details
8Supply of Activated Carbon at refinery Details
8Supply of spares for CPVC and UPVC pipe and pipe fittings in refinery Details
8Specialist Engineering Assistance for assessment of Piping in different units of refinery Details
8Supply of Mobile Oil Spill Recovery Units Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Global crude oil prices edge lower after strong third-quarter on higher OPEC output Details
8Two more arrested by Rajasthan police for crude oil theft in Barmer Details
8Iraqi forces seize oil fields in offensive to free Hawijah from IS Details
8Noble Group expects to sell oil liquids business by end-December Details
8India to receive its first shipment of crude from US on Monday Details
8India raises natural gas prices by 16 per cent; First hike in 3 years Details
8GNFC expects Dahej DCP project to be completed by Dec 2018 Details
8DGH refuses commerciality of ONGC's deepest natural gas discovery Details
8Asia-Pacific crude holds firm; wide Brent-Dubai limits arbitrage flow Details
8Thailand again delays auction of Erawan, Bongkot natural gas fields Details
8Renegotiation of Gorgon LNG contract could pave the way for other deals: ICRA Details
8Diesel prices soar to all-time high in Delhi on strong demand, refinery shutdown Details
8First-ever shipment of US crude oil to India arrives at Odisha's Paradip Port Details
8US crude oil import to India could boost bilateral trade by up to $2 billion: US embassy Details
8ONGC gets green nod for Rs 456 cr drilling project in Assam Details
You can also click on Newsclips for more Details
8O&M Contract for additional Coke Handling System of DCU in refinery Details
8Work of providing assistance in obtaining combined consent for establishment and operation as per the CPCB guidelines for Ahmednagar-Solapur pipeline section of KASPL project Details
8Procurement of Inline Ultrasonic Flow Meters Details
8Fabrication and Erection of Product Pipe Lines, Hydrant Pipe Line and Utility Services Details
8Civil Work for Drill Site and Post Rig Building Works in Madhya Pradesh Details
8Supply of Activated Carbon at refinery Details
8Supply of spares for CPVC and UPVC pipe and pipe fittings in refinery Details
8Specialist Engineering Assistance for assessment of Piping in different units of refinery Details
8Supply of Mobile Oil Spill Recovery Units Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Global crude oil prices edge lower after strong third-quarter on higher OPEC output Details
8Two more arrested by Rajasthan police for crude oil theft in Barmer Details
8Iraqi forces seize oil fields in offensive to free Hawijah from IS Details
8Noble Group expects to sell oil liquids business by end-December Details
8India to receive its first shipment of crude from US on Monday Details
8India raises natural gas prices by 16 per cent; First hike in 3 years Details
8GNFC expects Dahej DCP project to be completed by Dec 2018 Details
8DGH refuses commerciality of ONGC's deepest natural gas discovery Details
8Asia-Pacific crude holds firm; wide Brent-Dubai limits arbitrage flow Details
8Thailand again delays auction of Erawan, Bongkot natural gas fields Details
8Renegotiation of Gorgon LNG contract could pave the way for other deals: ICRA Details
8Diesel prices soar to all-time high in Delhi on strong demand, refinery shutdown Details
8First-ever shipment of US crude oil to India arrives at Odisha's Paradip Port Details
8US crude oil import to India could boost bilateral trade by up to $2 billion: US embassy Details
8ONGC gets green nod for Rs 456 cr drilling project in Assam Details
You can also click on Newsclips for more Details
