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Nov 2016
Countries like India are likely to be hardest hit with climate change.
8The emergency pollution levels in Indian cities are already a stark reminder of how grim the future is going to be.
8Already businesses are impacted, as key executives are showing unwillingness to be transferred into areas where pollution levels are high.
8The world as well as India will have to do a huge amount of decarbonization to be able to keep the globe from warming up beyond the 2 degree limit.
8A 6.8% decarbonization rate per year is needed to stay within limit whereas all that the world has achieved between 2000 to 2015 is 1.3%.
8Overall, the Paris Accord has been able to elicit a decarbonization commitment of 3% per year.
8And while this is a good beginning, the rate has to double for climate change impact to stay within two degrees.
Click on Reports for more Details
8The emergency pollution levels in Indian cities are already a stark reminder of how grim the future is going to be.
8Already businesses are impacted, as key executives are showing unwillingness to be transferred into areas where pollution levels are high.
8The world as well as India will have to do a huge amount of decarbonization to be able to keep the globe from warming up beyond the 2 degree limit.
8A 6.8% decarbonization rate per year is needed to stay within limit whereas all that the world has achieved between 2000 to 2015 is 1.3%.
8Overall, the Paris Accord has been able to elicit a decarbonization commitment of 3% per year.
8And while this is a good beginning, the rate has to double for climate change impact to stay within two degrees.
Click on Reports for more Details
One of the big steps for companies will be to identify the material threats to their business models.
8Guidelines will eventually evolve in India for financial disclosure on climate risks, as is being undertaken by some advanced countries.
8Tasks forces will have to be put in place for detailed disclosure of climate risk implications by financial institutions as well.
8The reporting therefore have to go beyond mere carbon foot printing.
8No Indian company or financial institution have a much of an idea about how climate change will impact their businesses.
8The petroleum industry will be the one which will be hit the hardest.
Click on Reports to find out more. Details
8Guidelines will eventually evolve in India for financial disclosure on climate risks, as is being undertaken by some advanced countries.
8Tasks forces will have to be put in place for detailed disclosure of climate risk implications by financial institutions as well.
8The reporting therefore have to go beyond mere carbon foot printing.
8No Indian company or financial institution have a much of an idea about how climate change will impact their businesses.
8The petroleum industry will be the one which will be hit the hardest.
Click on Reports to find out more. Details
ONGC is playing a tough game with Schlumberger when it comes to hiring high tech tools under the tender for wireline perforations, TCP-DST and well shuttle logging services.
8The rates quoted have been found to be high.
8And ONGC has decided to take the bull by the horns in order to coax the supplier to bring down its rates
Click on Reports for more Details
8The rates quoted have been found to be high.
8And ONGC has decided to take the bull by the horns in order to coax the supplier to bring down its rates
Click on Reports for more Details
RFQs are likely next month for a Rs 811 crore jetty in an existing port to handle fully laden Suez Max vessels.
8Environment clearance for the project has been received.
8Contracting processes are now on for the project
Click on Details for more Details
8Environment clearance for the project has been received.
8Contracting processes are now on for the project
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of Mud Logging Services for a period of one year, Rajasthan Project Details
8Supply of stainless steel X-Mass tree assembly, Rajasthan Project Details
8Procurement of Desander Facility at offshore DDW1 Wellhead platform Details
8Procurement of activated charcoal for process requirement of OGT for KG-OSN- 2001/3 Block Details
8Replacement of welded flow lines on requirement basis for drilling wells, Assam Details
8Sale of Heavy Crude Oil produced in Baghewala & Punam Field for a period of one year Details
8Supply and commissioning of Numerical Feeder Protection Relay at HMRB pipelines Details
8Unloading and loading of Pre-Reformer catalyst in HGU-II, Mathura Refinery Details
8Rate contract for mechanical maintenance at GAIL Details
8Procurement of Multifunction Calibrator Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Government, RIL head for a fresh $1.5 billion bout over ONGC gas row Details
8Reliance Industries to challenge $1.55 billion gas dispute demand Details
8Oil majors pledge $1 bn to fight climate change Details
8Petroleum dealers call off stir after talks with oil firms Details
8Cairn writes to PM Modi on tax dispute ahead of UK PM's visit Details
8APTEL has allowed fuel cost pass through for power plant, says Reliance Power Details
8UAE's energy firms launch first carbon capture project Details
8Oil India asks Assam government to tackle frequent bandhs, disruptions Details
8Investors hope for a miracle amid uncertainty over OPEC deal Details
8Petroleum dealers call off Nov 15 strike Details
8'OIL startup fund to boost entrepreneurship' Details
8Rs 50 cr OIL start-up fund for new ideas Details
8Petrol price up by 89 paise per litre, diesel by 86 paise Details
8Cooking gas crisis continues in NE Details
You can also click on Newsclips for more Details
8Hiring of Mud Logging Services for a period of one year, Rajasthan Project Details
8Supply of stainless steel X-Mass tree assembly, Rajasthan Project Details
8Procurement of Desander Facility at offshore DDW1 Wellhead platform Details
8Procurement of activated charcoal for process requirement of OGT for KG-OSN- 2001/3 Block Details
8Replacement of welded flow lines on requirement basis for drilling wells, Assam Details
8Sale of Heavy Crude Oil produced in Baghewala & Punam Field for a period of one year Details
8Supply and commissioning of Numerical Feeder Protection Relay at HMRB pipelines Details
8Unloading and loading of Pre-Reformer catalyst in HGU-II, Mathura Refinery Details
8Rate contract for mechanical maintenance at GAIL Details
8Procurement of Multifunction Calibrator Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Government, RIL head for a fresh $1.5 billion bout over ONGC gas row Details
8Reliance Industries to challenge $1.55 billion gas dispute demand Details
8Oil majors pledge $1 bn to fight climate change Details
8Petroleum dealers call off stir after talks with oil firms Details
8Cairn writes to PM Modi on tax dispute ahead of UK PM's visit Details
8APTEL has allowed fuel cost pass through for power plant, says Reliance Power Details
8UAE's energy firms launch first carbon capture project Details
8Oil India asks Assam government to tackle frequent bandhs, disruptions Details
8Investors hope for a miracle amid uncertainty over OPEC deal Details
8Petroleum dealers call off Nov 15 strike Details
8'OIL startup fund to boost entrepreneurship' Details
8Rs 50 cr OIL start-up fund for new ideas Details
8Petrol price up by 89 paise per litre, diesel by 86 paise Details
8Cooking gas crisis continues in NE Details
You can also click on Newsclips for more Details
Find out more on the new "Cool Pool" LNG vessel pricing model that was initiated last year by a few LNG ship owners.
8The pool has been able to attract spot charters due to the ability to fix ships with forward start dates, offering greater flexibility to customers
8Already 16 customers have signed in.
8Recently, three new customers -- Vitol, Jera and Exxon Mobil -- were added added.
8It is anticipated that future tightness will result as the available spot fleet comes under increased demand from new, uncommitted export gas volumes entering the LNG trading market.
Click on Reports for more Details
8The pool has been able to attract spot charters due to the ability to fix ships with forward start dates, offering greater flexibility to customers
8Already 16 customers have signed in.
8Recently, three new customers -- Vitol, Jera and Exxon Mobil -- were added added.
8It is anticipated that future tightness will result as the available spot fleet comes under increased demand from new, uncommitted export gas volumes entering the LNG trading market.
Click on Reports for more Details
The more time that GAIL spends in indecisiveness when it comes to hiring an LNG fleet to offtake its committed US volumes of gas, the more difficult it will be for the company to extricate itself from the hole it seems to be have dug itself into.
8Latest data shows that the world is staring at a severe of shortage of LNG vessels
8This is compounded by the fact that the number of orders placed for new LNG vessels has come down from 61 in 2014, 21 in 2015 to just five new carriers until September of this year.
8Orders placed now will be delivered only in 2019.
8Since LNG vessels take three years build, GAIL seems to have already missed the bus.
Click on Reports for more information Details
8Latest data shows that the world is staring at a severe of shortage of LNG vessels
8This is compounded by the fact that the number of orders placed for new LNG vessels has come down from 61 in 2014, 21 in 2015 to just five new carriers until September of this year.
8Orders placed now will be delivered only in 2019.
8Since LNG vessels take three years build, GAIL seems to have already missed the bus.
Click on Reports for more information Details
Even though the medium to long term projection is that there will be a severe shortage of vessels, daily LNG carrier data carried in our pricing section shows, the rates have fallen sharply in the last few weeks.
8Day hire rates for standard LNG vessels in the Atlantic has seen a slide from $ 30,667 in the first week of September to $24,000 by the end of the month. Rates have been hovering at this level ever since
8There has been a similar fall in day rates in the Pacific as well
8Rates are down as Sabine Pass, Angola and Gorgon LNG terminals were closed for planned maintenance.
Click on our Prices section and in Reports for more Details
8Day hire rates for standard LNG vessels in the Atlantic has seen a slide from $ 30,667 in the first week of September to $24,000 by the end of the month. Rates have been hovering at this level ever since
8There has been a similar fall in day rates in the Pacific as well
8Rates are down as Sabine Pass, Angola and Gorgon LNG terminals were closed for planned maintenance.
Click on our Prices section and in Reports for more Details
Latest data shows that there is going to be a 50 vessel shortage to offtake LNG from projects which are confirmed for completion by 2020.
8Data is given here on how the shortage looms ahead
8A big rush to grab a slice of existing "free" vessels are likely when these projects come to fruition.
8The vessel shortage data is derived by looking at vessel deployment from historical Sabine Pass voyages. A total of 1.75 ships per million tonnes of LNG offtake is needed, the data shows.
Click on Reports for more Details
8Data is given here on how the shortage looms ahead
8A big rush to grab a slice of existing "free" vessels are likely when these projects come to fruition.
8The vessel shortage data is derived by looking at vessel deployment from historical Sabine Pass voyages. A total of 1.75 ships per million tonnes of LNG offtake is needed, the data shows.
Click on Reports for more Details
India has big reserves of gas hydrates, at 26.4 Tcm or 933 Tcf
8These reserves can potentially represent an energy game changer for the country.
8Plans are now afoot for production testing of some of these reserves but the right of choice of technology is still being debated. R&D organizations around the world are defining and developing multiple techniques to explore and exploit this resource.
8Some optimists hope that production testing may even lead to direct supply of gas
Click on Reports for more Details
8These reserves can potentially represent an energy game changer for the country.
8Plans are now afoot for production testing of some of these reserves but the right of choice of technology is still being debated. R&D organizations around the world are defining and developing multiple techniques to explore and exploit this resource.
8Some optimists hope that production testing may even lead to direct supply of gas
Click on Reports for more Details
Contrary to expectations, there has been significant momentum in the LNG supply and demand this year so far.
8Project wise new LNG supply dates are carried here for easy reference
8Cumulatively, there is going to be an addition of 150 MMTPA of capacity from 2016 through 2020.
8All LNG facilities due to start up in 2016 are now operational. Gorgon & Angola re-started
8On the demand side, there has been a significant increases in LNG demand from China (+27% year to date) and India (+36%)
8There is also a number of new potential importers exploring FSRU opportunities
Click on Reports for more Details
8Project wise new LNG supply dates are carried here for easy reference
8Cumulatively, there is going to be an addition of 150 MMTPA of capacity from 2016 through 2020.
8All LNG facilities due to start up in 2016 are now operational. Gorgon & Angola re-started
8On the demand side, there has been a significant increases in LNG demand from China (+27% year to date) and India (+36%)
8There is also a number of new potential importers exploring FSRU opportunities
Click on Reports for more Details
Decarbonisation in the shipping industry will have to first start with the ‘low-hanging fruit’.
8Therefore, while it might be tempting (given the timescales at play) to try and ignore the cumulative nature and scale of shipping’s decarbonisation challenge for a bit longer, this study shows that this is not a sound strategy. The later the industry take to tackle decarbonisation, the more rapid and potentially disruptive it will be for it, and the more limited the options both in-sector and out of sector will be when the crunch eventually comes.
8The later the shipping industry acknowledge the scale of the challenge and the pathways the sector should take, the less prepared the designers, owners and financiers will be for the future.
Click on Reports for more. Details
8Therefore, while it might be tempting (given the timescales at play) to try and ignore the cumulative nature and scale of shipping’s decarbonisation challenge for a bit longer, this study shows that this is not a sound strategy. The later the industry take to tackle decarbonisation, the more rapid and potentially disruptive it will be for it, and the more limited the options both in-sector and out of sector will be when the crunch eventually comes.
8The later the shipping industry acknowledge the scale of the challenge and the pathways the sector should take, the less prepared the designers, owners and financiers will be for the future.
Click on Reports for more. Details
The other two fuel switching options that can be considered for the shipping industry involves the use of bio-fuels.
8It is assumed that the shipping industry adopts biofuels in a similar way to road transport, through blending targets which involve high, medium or low offtake of bio fuels. But biofuels has an uncertain future in the rapidly changing global energy dynamics.
8But in any of these scenarios, the use of fuel oil (FO) may well continue before it tapers off, as its price is expected to remain cheap in a rapidly decarbonizing world.
8There is however a reasonable amount of uncertainty over the future of fossil fuels. If in the long run, if the economy’s demand for crude-oil-derived fuels is removed, it would seem unlikely that refineries will continue to run just to satisfy shipping’s demand for a residual fuel.
8The most likely situation will be that the shipping industry may not be able to stay within the carbon emission budget and may have to fall back on buying offsets of CO2 in the market.
8This scenario represents a future where shipping has a higher cost of decarbonisation than other sectors in the economy.
8But when the offsetting allowance is reduced, the shipping industry will have no choice but to achieve the emissions reduction via earlier adoption of technology, which is why there is likely to be an earlier appearance of alternative fuels, such as hydrogen, in these scenarios.
8This ensures that the industry is well prepared for the transition to zero carbon at some point after 2050.
Click on Reports for more. Details
8It is assumed that the shipping industry adopts biofuels in a similar way to road transport, through blending targets which involve high, medium or low offtake of bio fuels. But biofuels has an uncertain future in the rapidly changing global energy dynamics.
8But in any of these scenarios, the use of fuel oil (FO) may well continue before it tapers off, as its price is expected to remain cheap in a rapidly decarbonizing world.
8There is however a reasonable amount of uncertainty over the future of fossil fuels. If in the long run, if the economy’s demand for crude-oil-derived fuels is removed, it would seem unlikely that refineries will continue to run just to satisfy shipping’s demand for a residual fuel.
8The most likely situation will be that the shipping industry may not be able to stay within the carbon emission budget and may have to fall back on buying offsets of CO2 in the market.
8This scenario represents a future where shipping has a higher cost of decarbonisation than other sectors in the economy.
8But when the offsetting allowance is reduced, the shipping industry will have no choice but to achieve the emissions reduction via earlier adoption of technology, which is why there is likely to be an earlier appearance of alternative fuels, such as hydrogen, in these scenarios.
8This ensures that the industry is well prepared for the transition to zero carbon at some point after 2050.
Click on Reports for more. Details
Nov 04 : Climate change to hit shipping industry most-II: Hydrogen not gas is the fuel of the future
Three different carbon reduction paths are open to the shipping industry as of now.
8The first the use of hydrogen using fuel cell technology.
8The use of hydrogen is now being pushed by major research agencies worldwide not just for on road transportation and mega power plants but also as fuel for the shipping industry.
8Hydrogen technology is still in its infancy but it is being pushed by consultancies as a good way of bring down carbon emissions for the shipping industry.
8Surprisingly, however, this study does not push for LNG as an alternate fuel because of the carbon footprint will continue to be high and this will be unacceptable under a 2 degree temperature rise scenario.
Click on Reports for more. Details
8The first the use of hydrogen using fuel cell technology.
8The use of hydrogen is now being pushed by major research agencies worldwide not just for on road transportation and mega power plants but also as fuel for the shipping industry.
8Hydrogen technology is still in its infancy but it is being pushed by consultancies as a good way of bring down carbon emissions for the shipping industry.
8Surprisingly, however, this study does not push for LNG as an alternate fuel because of the carbon footprint will continue to be high and this will be unacceptable under a 2 degree temperature rise scenario.
Click on Reports for more. Details
Nothing will hit the shipping industry harder than global warming.
8It is estimated that if temperature rise has to be confined to 2 degrees by the end of the century, the carbon emission budget for the shipping industry as a whole has to be pegged to 33 Gt from now to the year 2050, assuming that the shipping industry is responsible for 2.33% of global CO2 emissions.
8After taking into account, the a secular rise in shipping traffic over this time period, it is estimated that the industry will have to go through an extremely painful process of bringing down the operational CO2 intensity (gCO2/tnm) by a multiple of 10 by 2050.
8The scale of the challenge is mind boggling and it remains a big uncertainty how the industry is going to face up to it.
Click on Reports for more Details
8It is estimated that if temperature rise has to be confined to 2 degrees by the end of the century, the carbon emission budget for the shipping industry as a whole has to be pegged to 33 Gt from now to the year 2050, assuming that the shipping industry is responsible for 2.33% of global CO2 emissions.
8After taking into account, the a secular rise in shipping traffic over this time period, it is estimated that the industry will have to go through an extremely painful process of bringing down the operational CO2 intensity (gCO2/tnm) by a multiple of 10 by 2050.
8The scale of the challenge is mind boggling and it remains a big uncertainty how the industry is going to face up to it.
Click on Reports for more Details
Latest data shows that landed RasGas rich LNG prices have been hovering in the range of around $ 6.66/mmbtu whereas the price for "lean" LNG is lower at $ 6.12/mmbtu.
8An Angolan cargo had come into Kochi late last month at a price of $ 5.61/mmbtu.
8Sport cargoes are all in the sub-$6 range.
8There has also been a readjustment of domestic LNG prices by suppliers
Click on Prices in our database for more Details
8An Angolan cargo had come into Kochi late last month at a price of $ 5.61/mmbtu.
8Sport cargoes are all in the sub-$6 range.
8There has also been a readjustment of domestic LNG prices by suppliers
Click on Prices in our database for more Details
An existing company is planning to enhance the capacity of its NPK from 9.25 LMTPA to 11.25 LMTPA at its fertilizer complex in India.
8The power requirement is about 800 KWH, which is sourced from the state electricity board.
8The total investment cost is around Rs 190 crore.
8The requirement of Natural gas will go up by 5000 SCMD.
If you are a gas supplier, click on Details for key contacts Details
8The power requirement is about 800 KWH, which is sourced from the state electricity board.
8The total investment cost is around Rs 190 crore.
8The requirement of Natural gas will go up by 5000 SCMD.
If you are a gas supplier, click on Details for key contacts Details
For reference purposes the website carries here the following tenders:
8Procurement of Variable Area Flowmeters Details
8Procurement of Mass Flow Meters, Gujarat Refinery Details
8Supply of Gas Turbine spares, Digboi Refinery Details
8Laying and construction of pipeline alongwith associated works for Kochi to Mangalore Pipeline Project Details
8External and Annual Safety Audit of pipeline installations Details
8Desander Facility at offshore DDW1 Wellhead platform at KG-OSN-2001/3 Offshore Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India, Iran address possible improvement of ties Details
8ONGC and Cairn India have to pay Rs730 crore service tax on royalty payments Details
8Oil prices dip down on inventory boost, OPEC skepticism Details
8Pradhan reviews preparations for PETROTECH-2016 Details
8ONGC, Cairn face Rs. 730 cr service tax on royalty payments Details
8UK, Colombia sign oil deal during Santos' state visit Details
8Railways for rapid electrification to reduce carbon footprint Details
8GAIL scraps multi-billion dollar ships tender Details
8Oil & gas firms up in arms over service tax demand Details
8Government expecting PMUY Plus fund to ease LPG subsidy burden Details
You can also click on Newsclips for more Details
8Procurement of Variable Area Flowmeters Details
8Procurement of Mass Flow Meters, Gujarat Refinery Details
8Supply of Gas Turbine spares, Digboi Refinery Details
8Laying and construction of pipeline alongwith associated works for Kochi to Mangalore Pipeline Project Details
8External and Annual Safety Audit of pipeline installations Details
8Desander Facility at offshore DDW1 Wellhead platform at KG-OSN-2001/3 Offshore Block Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India, Iran address possible improvement of ties Details
8ONGC and Cairn India have to pay Rs730 crore service tax on royalty payments Details
8Oil prices dip down on inventory boost, OPEC skepticism Details
8Pradhan reviews preparations for PETROTECH-2016 Details
8ONGC, Cairn face Rs. 730 cr service tax on royalty payments Details
8UK, Colombia sign oil deal during Santos' state visit Details
8Railways for rapid electrification to reduce carbon footprint Details
8GAIL scraps multi-billion dollar ships tender Details
8Oil & gas firms up in arms over service tax demand Details
8Government expecting PMUY Plus fund to ease LPG subsidy burden Details
You can also click on Newsclips for more Details
A Rs 400 crore two-well offshore exploratory drilling programme is coming up on a new offshore block.
8The point to note is that one of the wells is targeted to be drilled in the current fair weather window.
8The other well is likely to be drilled in the 2017-18 timeframe.
8In case of discoveries, these wells are likely to open up a new hydrocarbon frontier
Click on Reports for more Details
8The point to note is that one of the wells is targeted to be drilled in the current fair weather window.
8The other well is likely to be drilled in the 2017-18 timeframe.
8In case of discoveries, these wells are likely to open up a new hydrocarbon frontier
Click on Reports for more Details
A Rs 100 crore onland three-well exploratory drilling programme is coming up and RFQs are expected to be floated soon.
8There will be a big business development opportunity for logistics companies as well, as the drilling area is in a frontier Himalayan region.
Click on Reports to know full details Details
8There will be a big business development opportunity for logistics companies as well, as the drilling area is in a frontier Himalayan region.
Click on Reports to know full details Details
Right of Way acquisition will remain the main hurdle in the implementation of a Rs 700 crore gas pipeline in South India.
8Business development managers will need to keep their ears to the ground on how the project moves and when RFQs are going to be generated.
The construction of the pipeline will require:
8Despatch and Receipt terminals
8Sectionalizing valves (SV)
8Intermediate pigging stations (IPS)
8Tap-off points
8Compressor stations
Click on Reports for more Details
8Business development managers will need to keep their ears to the ground on how the project moves and when RFQs are going to be generated.
The construction of the pipeline will require:
8Despatch and Receipt terminals
8Sectionalizing valves (SV)
8Intermediate pigging stations (IPS)
8Tap-off points
8Compressor stations
Click on Reports for more Details
The website carries here a fresh series of LNG demand and supply projections
8A global LNG supply map for the future shows that US flows are unlikely to reach India
8Instead Indian appetite for LNG will be fed from the Middle East and Australia
8Two LNG demand and price scenarios provide more food for thought for planners in India grappling for solutions.
8The future price and demand-supply curves allow for fresh analysis.
Click on Reports for more Details
8A global LNG supply map for the future shows that US flows are unlikely to reach India
8Instead Indian appetite for LNG will be fed from the Middle East and Australia
8Two LNG demand and price scenarios provide more food for thought for planners in India grappling for solutions.
8The future price and demand-supply curves allow for fresh analysis.
Click on Reports for more Details
Technip and FMC Technologies have joined hands to create one of the world's largest sub-sea technology and equipment companies.
8A presentation by the duo provides a convincing picture of how deepwater oil and gas will dominate future production in the coming years.
836 millions barrels per day is the world's appetite for incremental oil production by 2025 and bulk of it will come from deepwater assets, the presentation says.
8Offshore production already contributes a significant portion of the world's output and a bulk of the oil major's hold their 2P resources in deepwater assets
Click on Reports for more Details
8A presentation by the duo provides a convincing picture of how deepwater oil and gas will dominate future production in the coming years.
836 millions barrels per day is the world's appetite for incremental oil production by 2025 and bulk of it will come from deepwater assets, the presentation says.
8Offshore production already contributes a significant portion of the world's output and a bulk of the oil major's hold their 2P resources in deepwater assets
Click on Reports for more Details
The new building market for tankers saw a spate of orders recently, prompting analysts to believe that the market may well be in a revival mode.
8Last week a number of orders across S. Korean and Chinese yards came to light, with price details - where available - in line with average market prices.
8The majority of those orders include construction of optional vessels as well, evidence of the fact that those owners are very keen to lock in current price levels for optional vessels as well.
Click on Reports for more Details
8Last week a number of orders across S. Korean and Chinese yards came to light, with price details - where available - in line with average market prices.
8The majority of those orders include construction of optional vessels as well, evidence of the fact that those owners are very keen to lock in current price levels for optional vessels as well.
Click on Reports for more Details
While the use of hydrogen in automobiles is already a successful technology, how will hydrogen be used in large scale power generation?
8The website carries here a document that tracks how hydrogen based power plants can be built using renewable energy as the base.
8Renewable energy will produce hydrogen which is then stored and used to produce electricity using modified combined cycle gas generators
8The big problem with renewal energy is its intermittent nature and storing electricity is a challenge in the present system. Batteries have limitations and are not environment friendly. Hydrogen can be used to store excess electricity produced.
8Road delivery of hydrogen for local usage is also becoming a viable technology.
8The fact that research agencies are taking this technological option seriously means that the technology does pack in a lot of punch
Click on Reports for more Details
8The website carries here a document that tracks how hydrogen based power plants can be built using renewable energy as the base.
8Renewable energy will produce hydrogen which is then stored and used to produce electricity using modified combined cycle gas generators
8The big problem with renewal energy is its intermittent nature and storing electricity is a challenge in the present system. Batteries have limitations and are not environment friendly. Hydrogen can be used to store excess electricity produced.
8Road delivery of hydrogen for local usage is also becoming a viable technology.
8The fact that research agencies are taking this technological option seriously means that the technology does pack in a lot of punch
Click on Reports for more Details
All kinds of disruptive technologies are likely to jostle for space in what is an uncertain future for the global energy industry.
8The website carries here a report by a highly prestigious national research institute that says that hydrogen fuel is going to play a very important role going ahead.
8Hydrogen will be used as a big source of fuel not just for automobiles but also for power generation.
8The future will see thermal power still playing a role but with attached Carbon Capture and Storage technology. Nuclear power and renewals then fill up the gap.
8Hydrogen in power generation is a new infusion into the energy matrix.
8Earlier, a combination of advanced technologies, involving battery storage, was meant to bring about the much needed cut in carbon emissions but the use of hydrogen is now expected to be responsible for half of the reduction in carbon emissions in the future, according to the research report.
8It is necessary for those with an eye to the future to keep track of fresh developments on the technology front
Click on Reports for more Details
8The website carries here a report by a highly prestigious national research institute that says that hydrogen fuel is going to play a very important role going ahead.
8Hydrogen will be used as a big source of fuel not just for automobiles but also for power generation.
8The future will see thermal power still playing a role but with attached Carbon Capture and Storage technology. Nuclear power and renewals then fill up the gap.
8Hydrogen in power generation is a new infusion into the energy matrix.
8Earlier, a combination of advanced technologies, involving battery storage, was meant to bring about the much needed cut in carbon emissions but the use of hydrogen is now expected to be responsible for half of the reduction in carbon emissions in the future, according to the research report.
8It is necessary for those with an eye to the future to keep track of fresh developments on the technology front
Click on Reports for more Details
Well placed sources told this website that ONGC's ongoing five year contract with Baker Hughes for Electrical Submersible Pumps (ESPs) will be wrapped up sooner than later because of complications involved in the implementation process.
8The requirement for more ESPs will arise in ONGC once the current contract is completed.
8So expect a fresh RFQ afterwards
Click on Details for more. Details
8The requirement for more ESPs will arise in ONGC once the current contract is completed.
8So expect a fresh RFQ afterwards
Click on Details for more. Details
The exact quantum of ESPs that will be tendered out by ONGC after the end of its contract with Baker Hughes is not known.
8But the number is likely to be significant.
8This is also because ONGC seems to have gained significantly from its Offshore Grid Interconnectivity Project as well as from the installation of the ESPs.
8So it is likely to continue with its ESP installation programme in wells.
Click on Details for more Details
8But the number is likely to be significant.
8This is also because ONGC seems to have gained significantly from its Offshore Grid Interconnectivity Project as well as from the installation of the ESPs.
8So it is likely to continue with its ESP installation programme in wells.
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For reference purposes the website carries here the following tenders:
8Carrying out CAT & DCVG Survey of undergrund pipelines, Digboi Refinery Details
8Installation of supplied product pipelines, Narimanam Details
8Charter hire of one 100MT work over rig for a period of six months, Karaikal Details
8Fabrication and Supply of Strainers on rate contract basis, Kakinada Details
8Construction of Crude Oil storage tanks, Assam Details
8Supply of Pressure and Temperature Gauges, Chennai Details
8Ultrasonic Thickness Survey of POL tanks and product pipelines Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Next LNG importing giant Pakistan readies for buying spree Details
8PETROTECH showcasing India's Hydrocarbon strengths and opportunities Details
8PM Modi chairs high-level meet to discuss ways to reduce oil import Details
8Petroleum dealers' strike may result in fuel shortage in Kolkata Details
8State government gives nod for 1,864 crore petrochemical park in Kochi Details
8GAIL approves orders for US$1.94 billion JHBDP Project Details
8As GiveItUp campaign reaches saturation, new registration rate slows down Details
8Abu Dhabi's NPCC wins $141m oil field deal in India Details
8PM checks out blueprint for 10% cut in oil imports Details
8Rs 1.5 trillion refinery complex to be set up in Rajapur Details
8Punjab petrol pumps not to buy oil tomorrow Details
8PM chairs high-level meet to reduce oil & gas imports Details
You can also click on Newsclips for more Details
8Carrying out CAT & DCVG Survey of undergrund pipelines, Digboi Refinery Details
8Installation of supplied product pipelines, Narimanam Details
8Charter hire of one 100MT work over rig for a period of six months, Karaikal Details
8Fabrication and Supply of Strainers on rate contract basis, Kakinada Details
8Construction of Crude Oil storage tanks, Assam Details
8Supply of Pressure and Temperature Gauges, Chennai Details
8Ultrasonic Thickness Survey of POL tanks and product pipelines Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Next LNG importing giant Pakistan readies for buying spree Details
8PETROTECH showcasing India's Hydrocarbon strengths and opportunities Details
8PM Modi chairs high-level meet to discuss ways to reduce oil import Details
8Petroleum dealers' strike may result in fuel shortage in Kolkata Details
8State government gives nod for 1,864 crore petrochemical park in Kochi Details
8GAIL approves orders for US$1.94 billion JHBDP Project Details
8As GiveItUp campaign reaches saturation, new registration rate slows down Details
8Abu Dhabi's NPCC wins $141m oil field deal in India Details
8PM checks out blueprint for 10% cut in oil imports Details
8Rs 1.5 trillion refinery complex to be set up in Rajapur Details
8Punjab petrol pumps not to buy oil tomorrow Details
8PM chairs high-level meet to reduce oil & gas imports Details
You can also click on Newsclips for more Details
An Oil Marketing Company is looking at the possibility of setting up an Ethylene derivative complex to produce high value polymers and petrochemicals such as EVA/LDPE, EPDM, PVC, Styrene, MEG by using spare capacity being produced by a grass root refinery
8While a significant quantum of feedstock is to be produced inhouse, the balance will be purchased from outside
8The website carries here an investment study covering project configuration, project description, execution schedule, cost estimate and financial analysis.
8Business development managers of equipment suppliers as well as feedstock suppliers and logistic suppliers must get hold of this study to look for future opportunities.
8Discussions have already been held with key technology suppliers to arrive at configuration matrices and rough cost estimates.
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Details
8While a significant quantum of feedstock is to be produced inhouse, the balance will be purchased from outside
8The website carries here an investment study covering project configuration, project description, execution schedule, cost estimate and financial analysis.
8Business development managers of equipment suppliers as well as feedstock suppliers and logistic suppliers must get hold of this study to look for future opportunities.
8Discussions have already been held with key technology suppliers to arrive at configuration matrices and rough cost estimates.
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Details
Globally, climate change is beginning to bite as temperatures are breaking record highs year after year.
8But countries are taking concrete steps to reduce greenhouse gas emissions. China for example has halted plans for new coal-fired power plants in many parts of the country, and construction of some approved plants will be postponed until at least 2018. This announcement means that about 200 plants of 105 GW capacity may not be completed. China is aiming at reaching a peak in carbon emissions by 2030.
8India however is yet to begin controlling its carbon emission levels but being a signatory to the climate change treaty, it will soon have to begin work earnestly to reduce emissions. The breakneck speed at which India is consuming fossil fuels has to slow down.
8Are Indian oil & gas companies prepared to take on the challenge that is likely to come as a result of measures that the government will be forced to take to put a lid on carbon emissions?
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8But countries are taking concrete steps to reduce greenhouse gas emissions. China for example has halted plans for new coal-fired power plants in many parts of the country, and construction of some approved plants will be postponed until at least 2018. This announcement means that about 200 plants of 105 GW capacity may not be completed. China is aiming at reaching a peak in carbon emissions by 2030.
8India however is yet to begin controlling its carbon emission levels but being a signatory to the climate change treaty, it will soon have to begin work earnestly to reduce emissions. The breakneck speed at which India is consuming fossil fuels has to slow down.
8Are Indian oil & gas companies prepared to take on the challenge that is likely to come as a result of measures that the government will be forced to take to put a lid on carbon emissions?
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The global energy sector is undergoing transformative change and this website carries here the latest developments on this front.
The updates cover:
8Changes in the renewal energy matrix
8Falling battery storage costs
8Electric and hydrogen car usage and technology
8The growth of smart grids
8Risks to grid security due to growth in renewable power
8How utilities are adapting to the new reality
8Latest innovations in the energy sector
8Digitalization of electric utilities
8Start-ups are beginning to spread wings in the energy sector
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The updates cover:
8Changes in the renewal energy matrix
8Falling battery storage costs
8Electric and hydrogen car usage and technology
8The growth of smart grids
8Risks to grid security due to growth in renewable power
8How utilities are adapting to the new reality
8Latest innovations in the energy sector
8Digitalization of electric utilities
8Start-ups are beginning to spread wings in the energy sector
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If you are interested in figuring out what climate change is all about and how global greenhouse emissions are behaving, here is the document for you.
8A historical background along with key emission data across the world are carried here for your benefit
8The vast volume of data can be mined for to suit your requirement for inforamtion
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8A historical background along with key emission data across the world are carried here for your benefit
8The vast volume of data can be mined for to suit your requirement for inforamtion
Click on Reports for more Details
Even while there is a slump in investments, deepwater oil and gas contribute a significant portion of the world's total oil and gas output.
8Globally, offshore oil production accounted for about 30% of total oil production over the past decade.
8The majority of deepwater or ultra deepwater production occurs in four countries: Brazil, the United States, Angola, and Norway.
8Each of these countries has realized an increasing share of crude oil production from deepwater or ultra deepwater projects over the previous decade.
8The United States and Brazil together account for more than 90% of global ultra deepwater production, with ultra deepwater production expected to increase in 2016 and 2017 in both countries.
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8Globally, offshore oil production accounted for about 30% of total oil production over the past decade.
8The majority of deepwater or ultra deepwater production occurs in four countries: Brazil, the United States, Angola, and Norway.
8Each of these countries has realized an increasing share of crude oil production from deepwater or ultra deepwater projects over the previous decade.
8The United States and Brazil together account for more than 90% of global ultra deepwater production, with ultra deepwater production expected to increase in 2016 and 2017 in both countries.
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Cairn reported a higher than expected Q2 PAT at a crude price realization of $ 42/bl (USD 38/bl expected).
8The company's realized crude price was at 9% discount to Brent (18% in Q1) as high heavy distillate (FO/ LSWR) cracks supported the price of heavier crude grades
8The EPS for 2016-17 is likely to go up by 48% to factor in lower pricing discount of 12% in FY17 vs. 15% earlier, lower tax rate of around 8% in FY17 vs. 20% earlier (as guided by
management).
8But the upsides such as long term crude price at $ 60/bl and peak volume at 200 kbpd from its Rajasthan project are already factored in.
8The stock price is unlikely to move much, according to analysts
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8The company's realized crude price was at 9% discount to Brent (18% in Q1) as high heavy distillate (FO/ LSWR) cracks supported the price of heavier crude grades
8The EPS for 2016-17 is likely to go up by 48% to factor in lower pricing discount of 12% in FY17 vs. 15% earlier, lower tax rate of around 8% in FY17 vs. 20% earlier (as guided by
management).
8But the upsides such as long term crude price at $ 60/bl and peak volume at 200 kbpd from its Rajasthan project are already factored in.
8The stock price is unlikely to move much, according to analysts
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P. Elango led HOEC has been stirring up interest among our readers of late for leveraging its debt-free balance sheet to support new gas discoveries in Assam
8First gas from the Assam project is expected in January, 2017 and the company is finalizing gas supply contracts in the area
8The point is that the Assam discovery is viable even at currently low domestic gas prices
8In its other assets, the developments are limited but the company keeps up a brave facade and claims that the PY1, PY2, PY3 and the Cambay fields hold up hope.
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8First gas from the Assam project is expected in January, 2017 and the company is finalizing gas supply contracts in the area
8The point is that the Assam discovery is viable even at currently low domestic gas prices
8In its other assets, the developments are limited but the company keeps up a brave facade and claims that the PY1, PY2, PY3 and the Cambay fields hold up hope.
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For reference purposes, the website carries here a breakdown of gas production and consumption in India in September, 2016.
8LNG import increased by 512.87 MMSCM in September, 2016 which was 28.62% higher as compared to the corresponding period of the previous year.
8Around 50% of the total LNG import in September, 2016 was from Qatar, 11.54% each from Australia, UAE and Singapore and 7.69% each from Nigeria and Spain.
8Total natural gas consumption (net production of domestic gas + LNG import) was higher by 8.68% for the current financial year up to September, 2016 in comparison to the corresponding period of the previous year.
8The fertilizer sector was the largest consumer of gas at 43.5 mmscmd
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8LNG import increased by 512.87 MMSCM in September, 2016 which was 28.62% higher as compared to the corresponding period of the previous year.
8Around 50% of the total LNG import in September, 2016 was from Qatar, 11.54% each from Australia, UAE and Singapore and 7.69% each from Nigeria and Spain.
8Total natural gas consumption (net production of domestic gas + LNG import) was higher by 8.68% for the current financial year up to September, 2016 in comparison to the corresponding period of the previous year.
8The fertilizer sector was the largest consumer of gas at 43.5 mmscmd
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Indian Oil Corporation Ltd's (IOCL's) Q2 performance under performed estimates made by analysts.
8But there is a belief that the best is yet to come.
8IOCL’s Q2 earnings (against losses YoY) underperformed estimates on below-expected GRMs at US$ 4.3/bbl, lower refining throughput at 15.64MMT (+14%YoY) and lower marketing margins (against losses YoY).
8What saved the day was better performance posted by the petrochemicals and pipeline segments
8It is now believed that the Paradip refinery ramp-up should elevate the company’s GRMs to US$ 6-7/bbl from FY18.
8So stock brokers are extremely bullish on the company's performance after a conference call between them and the company brass
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8But there is a belief that the best is yet to come.
8IOCL’s Q2 earnings (against losses YoY) underperformed estimates on below-expected GRMs at US$ 4.3/bbl, lower refining throughput at 15.64MMT (+14%YoY) and lower marketing margins (against losses YoY).
8What saved the day was better performance posted by the petrochemicals and pipeline segments
8It is now believed that the Paradip refinery ramp-up should elevate the company’s GRMs to US$ 6-7/bbl from FY18.
8So stock brokers are extremely bullish on the company's performance after a conference call between them and the company brass
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There is a dramatic fall in cost of LWD, MWD, SDMM and RSS tools & services in the latest ONGC tender for such services and tools.
8The cut in price has taken the ONGC brass completely by surprise as the quoted prices were far below what the reserve prices were pegged at.
8"Clearly, there is a unprecedented worldwide fall in demand for such services and tools and this is reflecting in the latest prices being elicited by ONGC," a top company official told this website.
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8The cut in price has taken the ONGC brass completely by surprise as the quoted prices were far below what the reserve prices were pegged at.
8"Clearly, there is a unprecedented worldwide fall in demand for such services and tools and this is reflecting in the latest prices being elicited by ONGC," a top company official told this website.
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Data from ONGC shows a dramatic fall in offshore equipment and service costs in the latest bids received by the E&P major.
8Sources told this website that ONGC has reduced the reserve price by 25% from the Last Purchase Rate (LPR) when benchmarking the latest bids.
8Even then, the company has received quotes which are far lower than the the reduced reserve price.
8Find out more on how much lower have L-1 quotes been from the reserve prices for mud chemicals and mud plant as well as mud logging services for offshore work.
8Prices were down by as much as 75% from the LPR
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8Sources told this website that ONGC has reduced the reserve price by 25% from the Last Purchase Rate (LPR) when benchmarking the latest bids.
8Even then, the company has received quotes which are far lower than the the reduced reserve price.
8Find out more on how much lower have L-1 quotes been from the reserve prices for mud chemicals and mud plant as well as mud logging services for offshore work.
8Prices were down by as much as 75% from the LPR
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There is also a big fall in price tags associated with subsea wellhead services.
8Though the cut is not as dramatic as in other offshore services and tools, the haircut is reported to be almost about 50% below the Last Purchase Prices, well placed sources said
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8Though the cut is not as dramatic as in other offshore services and tools, the haircut is reported to be almost about 50% below the Last Purchase Prices, well placed sources said
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Chemical used in the offshore E&P sector has undergone a big fall in prices, following the downturn in the industry.
8Cement additives, for example, make up a big segment of the total chemicals used in the E&P sector and they consist of accelerators, antifoam and defoam agents, antigelation agents, deepcem additives, dispersants, fluid loss control and gas migration additives, retarders, loss circulation control materials, suspending and antisettling agents, weighting agents, chemical washes and others.
8Prices have come down dramatically in this segment over the Last Purchase Price.
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8Cement additives, for example, make up a big segment of the total chemicals used in the E&P sector and they consist of accelerators, antifoam and defoam agents, antigelation agents, deepcem additives, dispersants, fluid loss control and gas migration additives, retarders, loss circulation control materials, suspending and antisettling agents, weighting agents, chemical washes and others.
8Prices have come down dramatically in this segment over the Last Purchase Price.
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Drastic cut in prices has been observed in other offshore elements as well.
These include items like
8Hanger tools
8Well head equipment
8Drilling water cost
8Drilling bits
8Casing & Tubings running tools and services
8In some cases, costs are down by 90% from the Last Purchase Price of ONGC, completely stumping the E&P major.
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These include items like
8Hanger tools
8Well head equipment
8Drilling water cost
8Drilling bits
8Casing & Tubings running tools and services
8In some cases, costs are down by 90% from the Last Purchase Price of ONGC, completely stumping the E&P major.
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