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Nov 2017

Find out more about how a company working in an E&P asset in India with a market cap of a mere $ 1 million needed money to drill a commitment well
8How did he raise his resources?
8And eventually when the well started flowing oil & gas, what kind of returns were made?
8Another company needed $ 5 million as an investment, and today its market cap is at $ 1 billion.
8Also find out more why such success stories continue find backers in the international community of investors
Click on Reports for more Details
8Project Name: Oilfield Redevelopment   
8Project Cost: Rs 1200 crore.
8Project Description: Promoter is planning redevelopment of an oilfield, to augment oil production. The project involves drilling of wells, revamping and upgradation of 2 GGS-cum-CTFs in the field and construction of a new ETP Effluent Treatment Plant (ETD) of 4000 m3/d capacity. After implementation of this scheme, cumulative oil production from the field is expected to be 21 MMT by the year 2029-30, with an incremental crude oil production of 3.5 MMT.
The LSTK contract for the revamping of the GGS-cum-CTFs has already been awarded. Currently, the work on the 2 GGS is going on since August 2017. The drilling part of the project would be done by promoter itself. Further RFQs are expected shortly.
8Project Event: Promoter will come out with RFQs for hiring the LSTK contractor for the ETP by December end 2017.
RFQ for hiring rigs and other oilfield services is expected by January 2018.
8Expenditure Approval: Feb/2017.
8RFQ Date: 30/Dec/2017.
8Release Date: Jan/2018.
8Date: Q2/2018.
8Completion Date: Sep/2020.
Click here for more details
8Project Name: Oilfield Development.
8Project Cost: Rs 100 crore
8Project Description: Promoter is planning development of an oilfield. The company along with its consultants, is planning to drill 1 horizontal and 2 vertical wells in order to further boost the oil production from the existing 6.5 MMSCFD to 7.7 MMSCFD. The project will also involve the laying of pipeline network so as to connect the wells with the nearest production facility. The drilling for the project is expected to start by Q4 2018 and may continue up to mid-Q2 2019. Further RFQs are expected shortly.
8Project Event: RFQ for hiring EPC contractor for the project is expected by January 2018.
8Expenditure Approval: Q3/2017
8RFQ Date: May/2018
8Release Date: Jun/2018
8Start Date: Q4/2018
8Completion Date: Q2/2019
Click here for more information Details
Is there a possibility of Hardy Oil to retrieve the PY-3 block before it is too late?
8The application must be filed by the end of December 2017 and must include a Full Field Development Plan (FFDP)
8It looks like an uphill task as of now
Click on Reports to know more   Details
For reference purposes the website carries here the following tenders:
8Sleeving of Pipeline-RKPL Rewari -Kanpur Cross country Pipelines Details
8Monitoring of Flue Gas and PSV/CV Leak on contractual basis at refinery Details
8Repair of IPS anomalies in HMRBPL locations Details
8Health monitoring of Dandewala Gas Processing Complex by using Visual inspection, MPT, Radiograph, Ultrasonic Measurement Details
8Supply of Safety Relief Valves Details
8Supply of Reformer Tubes of Hydrogen Reformer at refinery Details
8Procurement of Gate Valves under Rate Contract Details
8Procurement of Turbine Gas Flow Meters Details
8Diversion of pipeline 8 Inch, 1.8 Kms at Silvassa Details
8Procurement of Elbows for Gail-Rajahmundry Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Bio-fuel to lead the way in clean energy in India Details
8Bio-fuel would boost agriculture, create jobs, cut pollution: Gadkari Details 
8China issues more 2017 oil import quotas to 3 independent refiners Details
8Maoists hit agency working on Jagdishpur-Haldia gas pipeline Details
8Oil minister Pradhan launches CNG-run bikes, BoM to finance 5,000 kits Details
8New National Policy on Bio-fuels will provide complete off-take guarantee: Dharmendra Pradhan Details
8Shipping firm Hoegh LNG pulls out of Pakistan LNG import project Details
8Bolivia's state-run YPFB wants to sell natural gas directly into Brazil Details
8Venezuela's PDVSA to carry out maintenance on Petromonagas oil upgrader Details
8India, Finland review bilateral ties on trade, renewables, technology Details
8Bharat Petroleum launches two new LNG tenders for supply: trade sources Details
8RIL sells stake in Marcellus Shale to BKV Chelsea for $ 126 million Details
8US diplomats demand visits with oil executives jailed in Venezuela Details
8Environment panel approaches oil companies against sale of petcoke Details
8Chinese, Indian, Iranian firms eye $10 bln refinery in Brazil Details
8ONGC wants higher gas price to produce KG, Kutch discoveries Details
8Draft national energy policy proposes aligning energy prices with international rates Details
8Mann Ki Baat: Full text of PM Modi’s monthly radio address Details
8All eyes on S&P India review after Moody’s credit rating upgrade Details
You can also click on Newsclips for more    Details
8Project Name: Greenfield Thermal Power Station
8Project Cost: Rs 9000 crore
8Project Description: The owner is planning to construct a 1320 MW (2*660 MW) greenfield super-critical thermal power plant. The project is a symbol of successful cooperation between India and Bangladesh for development of the Bangladesh power sector. The project generates 100% for supply to BPDB. The financing of the main plant EPC (Turnkey) package is being done by Indian EXIM bank. The EPC contractor will itself will supply Boiler and Turbine. Currently, the contractor  floated tenders for BoP packages in which bids have been invited for civil works, water treatment, chimney, switchyard and cooling tower. The turnkey contractor will now come out with a fire protection system package, raw water system and FGD packages.
8Project Event: RFQs for fire protection system package are expected by Q1 2018.
8Expenditure Approval: Q4:2015
8RFQ Date: Q1:2018
8Release Date: Q1:2018
8Start Date: Q3:2018
8Completion Date: Q1:2023
 Click here for more information
8Project Name: Hydro Power Station Maintenance Project (Unit - 7)
8Project Cost: Rs 15 crore
8Project Description: The owner has planned a 14-day scheduled maintenance of Unit-7 (103.5 MW) in the 1035 MW Hydro Power Station covering annual inspection and overhaul of equipment which includes overhauling of auxiliary parts of the turbo-generator set, bearing sets, seals, governor and transformer auxiliaries.
8Equipment required will be turbine bearings, gland seals, pipes, air seals, spiral casing, spiral drain valve, checking and replacing of transformer auxiliary parts, nozzles, valves, cleaning of field winding, among others.
8Project Event: RFQs for equipment are expected by third week of December 2017.
8Expenditure Approval: Q2:2017
8RFQ Date: 20/Dec/2017
8Release Date: Jan/2018
8Start Date: 5/Feb/2018
8Completion Date: 18/Feb/2018
 Click here for more information Details
8Project Name: Oil Field Development.
8Project Cost: Rs 100 crore.
8Project Description: Promoter is planning development of an oil field under NELP VI. The project involves a 3D seismic survey of the block spread over an area of 60,000 Sq Km to augment the total oil production of the area. Currently, the project is in pre-planning phase and the project scoping is going on. The seismic surveys are expected to start by the mid of the year 2018. Further RFQs for the project are expected shortly.
8Project Event: RFQ for hiring services for the 3D seismic survey is expected by Q2 2018.
8Expenditure Approval: Q1/2018.
8RFQ Date: Q2/2018.
8Release Date: Q2/2018.
8Start Date: Q3/2018.
8Completion Date: Q3/2019.   
Click here for more details
8Project Name: Oil Field Chemical Requirement.
8Project Cost: Rs 10 crore.
8Project Description: ONGC is planning hiring of services for various oilfield chemicals for various oil and gas sector projects going on in Jorhat.
8Project Event: RFQs for services for providing Oil field chemicals is expected by January 2018.
8Expenditure Approval: November/2017
8RFQ Date: Jan/2018
8Release Date: Feb/2018
8Start Date: Q2/2018
8Completion Date: Q2/2019
Click on details for more Details
Are the world's largest gas producers fighting a losing battle against renewable energy?
8The nervousness seems to be already evident.
8Behind-the-scene battles are being fought in what is turning out to be a grim war over which energy source will eventually take precedence in a decarbonizing world.
8Methane emission -- a powerful greenhouse gas --has been flagged off as a big negative when it comes to promoting use of gas in comparison to other fuels.
8In the midst of increasing awareness, the world's largest gas producers have signed up a petition this month to remove methane leakage down the gas value chain.
8A promise has been made to plug emissions, allow for more transparency in data collection on such emissions, fund new technologies to curb emissions and work with governments, NGOs and other stakeholders to clean up the act.
8Is this pledge coming too late in the day?
Find out more. Click on Report.  Details
Find out by how much FRSUs are gaining market share globally
8What is the projection till 2020
8There are 21 active FSRU projects globally and 13 awarded projects (expected to begin operations in the next 3 years)
8How many of them are projected to come up in India and across the world, according to realistic data
Click on Reports for more Details
How much cheaper are FRSUs in comparison to an onshore terminal
The differentials are tabulated for the two in terms of the following parameters
Component wise
8Jetty including piping
8Unloading lines
8Storage tanks
8Process plant
8Utilities
8Onshore interface and infrastructure
Capex
8Contingency 30% onshore, 10% FRSU
8Owners Cost
Total Capex
Click on Reports for more Details
Captive Power Unit Expansion Project 
8Cost - Rs 224 Crore
8Project Description: A Fertilizer Company is awaiting environmental clearance for an expansion of its captive power unit. The equipment requirements are Turbine Generator with their Auxiliaries and Utility, Boiler House including ESP, Ash Handling and other Auxiliaries, Fuel Handling plant, Automation, Instrumentation, Electrical Installations, Civil Work equipment and more
8Project Event: RFQ for a Contractor is likely to be released in December in place of November 2017.
Click here for more information
SSP Annual Maintenance Project
8Cost - Rs 0.25 Crore
8Project Description: A Fertilizer company is planning an annual shutdown maintenance December 2017 at their existing fertilizer complex. The existing capacity is made up of 200000 MTPA of SSP. Pre-Vendor Qualification may be necessary for a maintenance contractor.
8Project Event: Equipment purchase work is going on
Click here for more information
NPK Fertilizer Annual Maintenance Project 
8Cost - Rs 0.20 Crore
8Project Description:  A Fertilizer company is planning an annual maintenance shutdown in Q4 2018 at their existing fertilizer complex in Maharashtra. The existing capacity is made up of 90000 MTPA of NPK. Pre-Vendor Qualification may be necessary for a maintenance contractor.
8Project Event: RFQ for the Annual Maintenance contractor is likely to be released in Q3 2018
Click here for more information  Details
8An Indian company has just got a big order for Guar Gum from a multinational to be used for hydro fracturing of oil and gas wells. Click on Report for more.
8A global leader in gas measurement, providing accredited inspection, calibration and testing services to the energy and power industries for gas quality, flow and total energy metering is planning to aggressively increase in footprint in India. Find out more. Click on Report.
8Find out more on how competition is going to look like in the automatic lubrication systems going up to the year 2022. Click on Report for more. Details
It is not just solar but wind energy prices are also plummeting rapidly. Tariffs in India are currently at Rs 2.64/kwh and they are expected to come down further as we go along.
8But the big potential for India lies in offshore wind sites, where wind intensity will be higher while space is not going to be a constraint.
8Cost economics show that offshore wind will emerge as a new cost competitive source of electricity generation for India by 2025.
8Providing grid diversification is a key advantage of offshore wind, as are its absence of land requirements and its proximity to heavily populated coastal cities.
8Global offshore costs continue to fall quickly. In September 2017, the U.K. government awarded three offshore wind projects totaling 3.2 GW with strike prices going as low as £57.50/MWh for projects scheduled for commissioning in 2022/23.
8Meanwhile, even though wind energy prices are in free fall now, there are expectations of a renewed cycle of capacity creation in India from next year.
Click on Reports to know how this is going to happen. Details
Gas is being pushed by its proponents as an intermediate fuel while the world transits into complete decarbonization.
8But it looks like renewable energy is now moving fast not just to eliminate coal but also gas from the equation.
8This is because the price of renewable energy is falling at such a rapid pace that no other energy source is in a position to compete anymore.
8Solar and wind energy prices, already lower than gas and coal fired power in India, are slated to go down even further as is evident from the results of Mexico's latest tender.
8No fossil fuel will be able to compete at this level any more
8At this level of pricing, an entirely new world of renewable based chemicals, petrochemicals and fertilizers may suddenly become viable, changing the existing paradigm entirely.
Click on Reports for more Details
The website also carries here full details on the type and size of LNG vessels that are currently in order book
8The trend is towards new tech vessels
8There is a phasing out of steam vessels
8A three-tier market has now quickly evolved with different tariff rates
8An extremely useful Unit Transportation Rate by global routes is carried here for our users
8The data is then split up into boil off, port charges, charter hire, fuel and canal fees
8MEGI vessels seem to offer a substantial competitive advantage over other types.
Click on Reports for more Details
The point to note is that this is also perhaps a good time to order new vessels
8New build costs are at the lowest levels in eight years
8But deliveries usually take around 26 months and even if the anticipated tightening of day rates bring about a rush of orders, they are unlikely to impact rates until Q4, 2019.
8Till then prices are likely to stay high.
8An overview of LNG vessel demand and supply is carried here in terms of order book, yard capacity and committed vessels.
Click on our Prices button for daily LNG carrier rates as well as on Reports for more Details
When is the turning point going to come, when demand overtakes supply for LNG vessels?
8Spot and term rates data carried here on this website shows a steady but inexorable decline since 2012
8But in the midst of this, term fixtures for new builds have been holding steady at higher levels
8Data carried here also shows term and spot fixtures tightening from January, 2018 in the face of accelerating demand and thin order book.
Click on Reports for more Details
For reference purposes, the website carries here the global VLGC and BW LPG fleet profile, including new buildings 
8Also given here is the Q3 seaborne LPG trade overview
8Clearly, US is the sole driver of export growth and China and India register strong growth
8Strong Indian import growth of 26% driven by retail demand rebound following demonetization and implementation of GST
8Projected VLGC rates are carried here for Q4 2017 and all of 2018
8TCE rates however are expected to stay lower
Click on Reports for more Details
In today's volatile world, is there a scope for launching large-scale Underground Coal Gasification (UCG) in commercial scale in India?
8India no doubt has the resources as UCG guarantees resource recovery, even from very poor quality coal, of which India has abundant reserves. The wells are the size of bore wells and are sealed and cemented post-use. There is minimal damage to the surface, which can be restored to its original state.
8The cavity can be used later for storage of CO2 for sequestration purposes.
8Potential threats from UCG include leakage of gases into aquifers, loss of energy, sinkhole formation and ground subsidence.
8All these are manageable when there is a proper selection of sites.
Click on Reports for more Details
UCG pilot projects have been undertaken in India but commercialization is nowhere in sight
8Several research groups around the world have done extensive work in developing experimental and computational studies to gain better understanding of the different stages of UCG.
8In order for India to tap into UCG on a commercial scale, implementation has to be preceded by the development of a certain level of expertise in geological characterization, characterization of coal cores and accuracy in estimating the quantity of resource available for conversion.
8Modeling is now available, based on Indian and international data, to take UCG to commercial levels.
8What is needed is a coherent nationwide programme with defined objectives.
8The website carries here a comprehensive modeling exercise on how UCG is a viable option in India and how it can be scaled up India to commercial levels.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Engaging an Agency to prepare isometric drawing for standardisation of pipeline thickness survey/ monitoring points Details
8Supply of Valves Details
8Procurement of Pipe Fittings for modification of metering system at PHBPL Haldia Details
8Procurement of CS Pipes Details
8AC Interference Survey and Soil Resistivity Survey in crude oil pipelines under Haldia, Bolpur and Barauni Jurisdiction Details
8Wrapping and Coating of CS Pipes Details
8Grit Blast cleaning of furnance tubes inside boilers in TPS area at refinery Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Smog-choked India is giving the filthiest fuel a tax advantage Details
8Russian minister says OPEC oil deal hurting domestic economy Details 
8Sasol dumps $13-$15 bln U.S. project, to exit Canadian shale Details
8China's LNG imports rise to second highest on record ahead of heating season Details
8Economy slowdown bottomed out, recovery rests on govt steps: Report Details
8Oil, gas PSU mergers exempt from CCI approval Details
8Work in progress on new policy on biofuels Details
8Refiners processed record oil volume in October: Govt Details
8Oil & gas: September quarter a mixed bag for Indian oil firms Details
8Oilfields’ privatisation aimed at raising domestic output: DGH Details
8Indian refiners processed record oil volume in October: Government Details
8Looking to increase Israeli Ventures, India Bids for Offshore Exploration Rights in Mediterranean Details
8SC refuses to relax ban on petcoke, furnace oil Details
You can also click on Newsclips for more    Details
Mexico's latest solar tender has elicited a price of just US$17.70 per megawatt hour (MWh), down more than 50% since the start of 2016.
8This is unprecedented, as the cost of power comes down to just a little more than Rs 1/kwh.
8This changes the paradigm entirely even in India as it won't be long before what is happening in Mexico happens in India as well.
8An extensive electricity sector model playing out to 2027 by one of the world's foremost research agency carried here shows that  growing electricity needs in India will be catered to via increasingly cost-competitive renewable energy resources coupled with numerous energy efficiency measures.
8This is going to happen even as electricity demand doubles over this 10 year period.
8This model by an acclaimed research agency is sharply in contrast to the International Energy Agency (IEA) forecast of India’s coal consumption doubling by 2040.
8The pace of progress is incomprehensibly quick these days and the best business models based on conventional knowledge are rapidly crumbling in face of such dramatic changes
Click on Reports for more Details
8ONGC Videsh Ltd is trying to dip its toes into what it thinks will become a billion barrel oil block in Africa. Is there a risk that it may not be the case? Click on Report for more.
8Around 6 million barrels per day of additional oil production is needed by 2020 even if the rest of the output will come from infield drilling. Where is this new output going to come from. Click on Report for more.
8Why is the anticipated bottoming out of offshore oil and gas market slower than was anticipated? If the first half of 2017 was bad is the second half any better? Find out more. Click on Report.
8Around 6-7 lakh ton of seamless pipes & tubes orders are coming up just between ONGC and OIL in the next two years. Who seems to be the most likely among Indian pipe manufacturers to garb these orders. Click on Report for more.
8There is strong momentum in dry bulk contracting for the newbuilding industry and the Chinese yards are the biggest gainers. Click on Report for more.
8Indian buyers have become dominant in the ship demolition market. The appreciation of local steel prices together with some recent container sales in India at around $440/ldt, have strengthened momentum and eventually have helped prices rebound substantially, with cash buyers appearing particularly aggressive in their offerings during the past week. Click on Report for more.
8Balance has yet to be achieved in the crude carriers market that saw average earnings move down overall for yet another week. Click on Report for more. Details
Pumped up with a double dose of government support -- high anti-dumping duties coupled with compulsory local value addition policies -- the line pipe industry is riding high.
8Here are some rough calculations:
 -- In seamless pipes, the average realization is Rs 55,000 to Rs 60,000 per ton, while EBITDA per ton is of the order of Rs 7650.
 -- Now pipe companies are targeting to reach the Rs 11,000 mark or even more.
 -- In the ERW segment, the average realization is Rs 45,000 to Rs 50,000 per ton, with earning EBITDA per ton of Rs 4,500 to Rs 5,000.
 -- They are now looking at Rs 8000 or more
8The point is that such profiteering raises the cost for the oil & gas industry owned by the government.
8Is this a case of filling up private coffers, as these companies are controlled by a handful of highly connected individuals, at the expense of the government?
8Who is going to bell the cat here?
Click on Reports for more Details
Find out more about how India is all set to overachieve its emission targets without really having to build much of gas-based capacity.
8Also know more on why gas demand may not be all that buoyant from the refining and petrochemical segments of the industry.
8Also find out more about why none of the greenfield urea units have reached capital approval stage as yet
8There was an upsurge in gas demand in 2016 after a long period of decline, was it then a temporary flareup?
8Well, gas demand will no doubt grow but find out more about where it will come from and by how much
8Also more on why domestic E&P players still find the government's revamped gas pricing system incommensurate with the risks that are being undertaken to get new discoveries up.
Click on Reports. Details
It does not look like there will be a revival of demand for gas in the power sector
8The role of gas is predicated on an active policy to discourage the use of coal through fiscal disincentives, and induce a large-scale switching from coal to gas, which would also serve to create demand and encourage the development of infrastructure. This scenario could lead to a substantial and anchoring role for gas in the power sector
8Moving there however would require a nearly fivefold increase in the coal tax (now $6/t) and a potential 30% increase in associated electricity tariffs
8And this looks like a highly  improbable outlook.
8The outlook is also constrained by renewables policy and policy on coal and air pollution.
8Also find out more on how low PLF coal-based power plants can fill in the gap that gas is meant to fill.
Click on Reports for more Details
Gas demand in India seems to be getting more uncertain as we go along, stymieing efforts by all kinds of analysts to come to a realistic assessment.
8Those setting up gas infrastructure, including LNG terminals, must take note of the latest analysis.
8For reference purposes the website carries here wide varying demand estimates made by research agencies
8The truth however lies somewhere in between
Click on Reports for more Details
There are two wild card possibilities for non-LNG alternatives for India on the gas import front.
8And this does not involve onland pipelines from Turkmenistan and Iran
8One involves Russia, China and Myanmar
Click on Reports to find out more Details
Is it possible for Indian refiners to source more crude out of the US?
8US crude oil exports surged to a record high of 1.8 mb/d in October 2017, 1.2 mb/d higher y/y.
8A few months earlier, the market had fervently questioned the ability of the US to export more than 1.2 mb/d, suggesting capacity constraints would cap departures at this level and result in large inventory builds on the US Gulf Coast.
8The viability of export arbitrage given the prevailing economics at the time and the international market’s appetite for ‘low quality’ US oil also came under scrutiny.
8But the reality on the ground was different, as physical players re-affirmed their belief in the adequacy of US dock capacity and the combination of wide WTI-Brent spreads and strong cash differentials in Asia and the North Sea lubricated the gears of arbitrage.
8Indeed, at the end of October, US exports topped 2 mb/d.
8But can this trend accelerate?
8There are a host of factors Indian refiners will have to take into account before betting on US supplies
Click on Reports for more Details
8Project Name: Group Gathering Station.
8Project Cost: Rs 200 crore.
8Project Description: Promoter is planning development of an oil field in the onshore block. The project also involves installation of 3 Group Gathering Station (GGS). An overall investment of 750 million US dollars has been earmarked for the entire oilfield. Moreover, 20 wells are to be drilled and pipeline network is also to be installed to boost oil production. Further RFQs are expected shortly.
8Project Event: RFQ for hiring EPC contractor for the project is expected by Q3 2018.
8Expenditure Approval: Q2/2018.
8RFQ Date: Q3/2018.
8Release Date: Q3/2018.
8Date: Q2/2019.
8Completion Date: Q3/2020.
Click here for more details
8Project Name: DG Set Hiring
8Project Description: Promoter is planning to hire Diesel Generators (DG Sets) for various ongoing projects at its Asset. The project involves supply as well as maintenance of Gensets on annual contract basis for an overall period of 3 years. The contractor shall be responsible for the supply of fuel. Further RFQs for the project are expected shortly.
8Project Event: RFQ for hiring Diesel Gensets are expected by December 2017.
8Expenditure Approval: Sep/2017
8RFQ Date: Dec/2017
8Release Date: Jan/2018
8Start Date: Feb/2018
8Completion Date: Feb/2021
Click here for more information Details
The Indian oil & gas sector has been dismissive of the Indian government's attempt to make an all electric transition in the automobile sector by 2030.
8The cynicism is well deserved but the policy planner in the industry must keep their ears to the ground on what the other side is saying
8It is always essential to err on the side of caution when large investments are planned.
8One view is that overcoming key barriers to vehicle electrification in India’s passenger mobility sector presents an enormous challenge for India, and also a tremendous economic opportunity.
8India can leapfrog the western mobility paradigm of private-vehicle ownership and create a shared, electric and connected mobility system.
8And this will help save a massive 876 million metric tons of oil equivalent, worth US$330 billion (INR 20 lakh crore) and 1 giga-tonne of carbon-dioxide emissions by 2030.
8Clearly unachievable goals for now but oil & gas industry needs to keep listening to what this side of the story is all about
8Surprises can be unpleasant.
Click on Reports for more Details
BPCL and HPCL both have mega refineries in Mumbai in constricted spaces
8And both of them are trying to find solutions to the problem
8One of them is now trying to get its storage facilities completely out of Mumbai through an onland and offshore pipeline network
8Preliminary work on the exercise has already begun
Click on Reports for more Details
A seismic survey company is so completely dependent on the fortunes of the oil and gas industry, that it cannot think of diversifying anywhere else just in case business does not really pick up.
8Or can it?
8There is indeed life beyond oil, as some of peers seem to be showing.
8Then again, the industry is not dead in India as new possibilities keep coming up.
8The offshore seismic survey market is at its lowest ebb just now but business is likely to look up though experts are warning against being very optimistic
8Find out more on how the industry is trying to cope through the prism of one such company
8Find out what are the possible alternative business models and what it takes to survive.
Click on Reports for more Details
New Pesticide unit: Equipment needed
 An existing company is planning to set up a greenfield Pesticide unit with a capacity 2044 MTPM in India.
8The project investment cost is around Rs 22 crore.
8Total power requirement for the proposed project will be 500 kVA which will be sourced from Dakshin Gujarat Vij Co. Ltd. (DGVCL).
8The company will also install one D.G. with a capacity 500 kVA,  HSD will be used as fuel in D.G. set and natural gas will be used as fuel in boilers and TFH.
The raw material requirements are:
8Natural gas - 19200 SCM/day
8HSD - 70 l/hr.
The equipment requirements for the proposed project are:
8Reactor- SS, Dissolver reactor SS, Separator- SS, Organic tank, Crude tank SS, Recycle solvent tank SS, TMP/TEP day tank, ML day tank PPFRP, ML day tank HDPE, HCl day tank PPFRP, HCl storage tank PPFRP, Final Product storage tank MS, TEP Product storage tank and more
Click on Report for more
Ammonia-Urea Energy Saving Project: Equipment RFQs in January  
8Cost - Rs 300 Crore
8Project Description: Four contractors are in the race for an energy saving project of National Fertilizer Ltd  for the project. .
8Project Event: RFQ has already been released for an LSTK contractor in March 2017 and finalization is due in December in place of November 2017. Tender for equipment is likely to be released in January 2018
Click here for more information
SSP/NPK & Sulphuric Acid Annual Maintenance Project  
8Cost - Rs 0.30 Crore
8Project Description: A Fertilizer company is planning an annual maintenance shutdown in Q3 2018 at their existing fertilizer complex at Pulgaon in Maharashtra. The existing capacity is made up of 66000 MTPA of SSP, 60000 MTPA of NPK and 33000 MTPA of Sulphuric acid. Pre-Vendor Qualification may be necessary for a maintenance contractor.
8Project Event: RFQs for the Annual Maintenance contractor is likely to be released in Q2 2018
Click here for more information
SSP Annual Maintenance Project    
8Cost - Rs 0.20 Crore
8Project Description:  A Fertilizer company is planning an annual maintenance shutdown in Q3 2018 at their existing fertilizer complex at Ranipet in Tamilnadu. The existing capacity is made up of 132000 MTPA of SSP. Pre-Vendor Qualification may be necessary for a maintenance contractor.
8Project Event: RFQ for the Annual Maintenance contractor is likely to be released in Q2 2018.
Click here for more information Details
8Project Name: Greenfield Hydroelectric Power Station
8Project Cost: Rs 800 crore
8Project Description: The owner along with an EIA consultant is carrying out the DPR activities for scoping the environment clearance for a 72 MW (3*24 MW) greenfield hydroelectric power plant. TOR has been accorded on 6 September 2017. Baseline data for three seasons has been collected. Currently the detailed project report is under CEA for techno-economic clearance. The company is expected to express a requirement for an EPC contractor soon.
8Project Event: RFQ for an EPC contractor is expected by Q2 2018.
8Expenditure Approval: Q2:2017
8RFQ Date: Q2:2018
8Release Date: Q3:2018
8Start Date: Q1:2019
8Completion Date: Q3:2024
 Click here for more information
8Project Name: Thermal Power Station - FGD Addition
8Project Cost: Rs 1000 crore
8Project Description: The developer is scheduled to install an FGD for a 1500 MW (3*500 MW) and retrofitting the ESP for a 840 MW (4*210 MW) at it's 2340 MW (4*210 MW + 3*500 MW) thermal power plant. The company is expected to float tenders for the same. At present, feasibility studies are ongoing by the owner. The project start date is slated for late 2022. RFQ for supply of FGD is expected to be out by Q4 of 2018. The major requirements will be FGD, stacker and reclaimer, earthwork, cranes, pipes, installation, gypsum disposal, wet lime among others.
8Project Event: RFQ for supply of FGD and retrofitting of ESP are expected to be out by the Q4 2018.
8Expenditure Approval: Q3:2016
8RFQ Date: Q4:2018
8Release Date: Q1:2019
8Start Date: Q4:2022
8Completion Date: Q2:2024
 Click here for more information Details
For reference purposes the website carries here the following tenders:
8Hiring of Gas Compression Services on Build, Own and Operate basis Details
8Preparation of Detailed Feasibility Report for Pipelines Details
8Carrying out Site Restoration Civil works in Operatorship Block CB-ONN-2010/8 of Cambay Basin Details
8Hiring of Project Management Consultancy Services for various Pipeline Projects Details
8Hiring the services for Dismantling and Transportation of Production Derricks and associated gas venting lines Details
8Supply of Carbon Steel Pipes at refinery Details
8Supply, fabrication, erection, testing and commissioning of mounded type pressure vessels for LPG storage at LPG Project Site Details
8Refurbishment of Dry Gas Seals of RGC of DHDT and WGC of RFCC units of refinery Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Decision on bringing petroleum under GST after considering revenue impact: MP Details
8Norway's Statoil plants flag in Big Oil's race for 'cleaner' crude Details 
8China's CEFC set to overtake Trafigura as main Rosneft oil trader in Asia Details
8Chinese oil giant CEFC denies Africa bribery scheme after US probe Details
8Indian Oil Corp studies renewed Venezuelan crude oil purchases Details
8Oil prices jump on Canadian pipeline disruption to United States Details
8Over 330,000 new jobs to be on offer in India’s renewable energy sector Details
8High Court refuses to stay probe in RIL gas price issue Details
8Indian Oil Corp studies renewed Venezuelan crude purchases Details
8Looking to increase Israeli ventures, India bids for offshore exploration rights Details
8Moody’s sees Indian companies’ credit profile improving in 2018 Details
8Refineries in 3 states to supply Euro-VI fuel to Delhi from April Details
8India proposes new bio-ethanol policy to spur Rs 5,000 crore investments Details
8Ready to supply Euro-VI fuel to Delhi from April, says IOC Details
8Poland's PGNiG signs first mid-term deal for LNG supplies from U.S. Details
8India's annual diesel consumption set to rise by two-thirds by 2030 Details
You can also click on Newsclips for more    Details
8Project Name: Greenfield Super Thermal Power Station
8Project Cost: Rs 9000 crore
8Project Description: The owner is planning to construct a 1320 MW (2*660 MW) super-critical super thermal power plant. Whether requirement for major electrical and mechanical items will be in the form of EPC contract or individual package, was under consideration, but currently the owner has decided to come out with package-wise contracts for civil, BTG, BOP and FGD. Currently, the owner is going through the preparation of NIT for the civil works package. Start-up is slated for Q2 2018.
8Project Event: RFQs for civil work and transportation services are expected in Q1 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Q1:2018
8Release Date: Q2:2018
8Start Date: Q2:2018
8Completion Date: Q2:2023
 Click here for more information
8Project Name: Thermal Power Station - FGD Addition
8Project Cost: Rs 800 crore
8Project Description: The owner is scheduled to install an FGD while also retrofitting an ESP for a 1000 MW (4*250 MW) thermal power plant. The company is expected to float tenders for the same. At present, site survey activities are ongoing. The project is expected to kick off in late 2022. RFQ for supply of FGD is expected to be out by Q2 of 2019. The major requirements will be FGD, stacker and reclaimer, earthwork, cranes, pipes, installation, gypsum disposal, wet lime among others.
8Project Event: RFQ for supply of FGD and retrofitting of ESP are expected to be out by the Q2 2019.
8Expenditure Approval: Q3:2016
8RFQ Date: Q2:2019
8Release Date: Q3:2019
8Start Date: Q4:2022
8Completion Date: Q2:2024
 Click here for more information Details
8Project Name: Oilfield Development Drilling
8Project Cost: Rs 70 crore.
8Project Description: Promoter is planning development of an oil field in Andhra Pradesh. The block was awarded to company under-discovered small field round in 2016. The project involves workover of 2 temporarily abandoned wells and development drilling 5 wells spread over an area of 15.10 sq. km. Moreover, the project also involves laying of pipelines for connecting the oil field with nearest production facility. Currently, the project is in pre-clearance phase. The TOR submitted for the project has been rejected on the grounds, that the company had submitted a well centric proposal for development instead of entire block. Further RFQs for the project are expected shortly.
8Project Event: RFQ for hiring consultant for EIA services is expected by January 2018.
RFQ for hiring rigs and other oilfield services is expected by January 2018.
8Expenditure Approval: Q2/2017.
8RFQ Date: Jan/2018.
8Release Date: Feb/2018.
8Date: Q2/2018.
8Completion Date: Q4/2019.
Click here for more details
8Project Name: GGS Office and Rain Water Harvesting.
8Project Cost: Rs 12.65 crore
8Project Description: Promoteris planning the development of GGS along with the implementation of a rainwater harvesting programme.The harvested water will be used for beneficial uses like gardening, toilet flushing, etc. and also for recharging of groundwater aquifers. The project involves the construction of an office complex, boundary walls, 2 groundwater recharge wells and other support facilities. The groundwater wells will be constructed at a cost of Rs 15 Lakh each.
The project has been delayed as the TOR needed change because promoter had listed the GGS as a standalone facility whereas it is connected with nearby wells and hence can't be listed as a standalone facility. The project therefore would fall under 1 (b) category of the clearance procedures of the Environment Ministry. So a slight delay is expected in grant of TOR. Further RFQs are expected shortly.
8Project Event: RFQ for hiring EPC contractor for the project is expected by January 2018.
8Expenditure Approval: Sep/2017
8RFQ Date: Jan/2018
8Release Date: Feb/2018
8Start Date: Q2/2018
8Completion Date: Q2/2019
Click here for more information Details
For reference purposes the website carries here the following tenders:
8IRC for Pipeline and CP Maintenance from Paleru River to RT Cherlapally Details
8Purchase of Spare Pressure Transmitter & Differential Pressure Transmitter for IPS & SV stations along with JLPL Network Details
8Procurement of Clamp-On Ultrasonic Flow Meter and Non Intrusive Temperature Measurement for GREP Discharge Reconciliation Details
8Invitation for Pre-Qualification for Drilling Fluid Services in three vertical wells to be drilled in JV block KG-ONN-2003/1 in Nagayalanka Details
8Carrying out Civil works at drill site GKJL & GKJM in Geleky area Details
8Carrying out Civil works at drill site GKGN_H in Geleky area Details
8Overhauling of Reciprocating Compressors installed at refinery Details
8Carrying out Hot Gas Path Inspection at refinery Details
8Carrying out HAZOP study for various ongoing pipeline projects Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8BP seeks stake in Cairn Energy's deepwater field offshore Senegal Details
8Reliance Industries hits forex debt market again with $800 million issue Details 
8Gas exporting countries convene as global buyers' market rises Details
8India needs over $200 bn of investment in renewable infrastructure Details
8Government asks state oil companies to boost gas supply to petcoke ban-hit states Details
8India's ONGC buys 15 pct stake in Namibia offshore block from Tullow Details
8HPCL identifies two more places in Nagpur for setting up electric charging stations Details
8Total and GoodPlanet Foundation to deploy 8,400 bio-gas plants in Telangana Details
8PSU oil firms asked to boost gas supply to petcoke ban-hit states Details
8OVL buys 15% stake in Namibian oil block Details
8Pradhan asks oil cos to boost gas supplies to states Details
8Will phase out diesel locomotives in five years: Piyush Goyal Details
8Gas cracker can generate one lakh indirect jobs: Sonitpur DC Details
8GAIL India to skip mid-term LNG deals for 2018 due to US imports Details
8Hike in import duties may help Indian farmers, but no alternative to turning globally competitive Details
You can also click on Newsclips for more    Details
8Project Name: Thermal Power Station Addition Project
8Project Cost: Rs 4000 crore
8Project Description: The owner along with an EIA consultant is carrying out the project scoping activities for the environment clearance of a 800 MW thermal power super-critical complex by phasing out the existing units 1 to 4 (447.8 MW). TOR has been accorded on 22 July 2015. Baseline data for one season has been collected and submitted to CEA. The Government of Haryana has approved the project. Currently, the project is on hold and is under CEA for clearance which may take 6-8 months following which the public hearing and SIA will get underway. The owner will come out with an NIT for pre-construction activities.
8Project Event: RFQs for pre-construction activities are expected by Q2 2019.
8Expenditure Approval: Q2:2016
8RFQ Date: Q2:2019
8Release Date: Q3:2019
8Start Date: Q4:2019
8Completion Date: Q3:2024
 Click here for more information
8Project Name: Hydro Power Station Maintenance Project 
8Project Cost: Rs 15 crore
8Project Description: The developer has planned a 15-day scheduled maintenance of Unit-5 (68.67 MW) in the 412 MW covering annual inspection and overhaul of equipment which includes overhauling of auxiliary parts of the turbo-generator set, bearing sets, seals, governor and oil cooling unit.
8Equipment required will be turbine bearings, gland seals, pipes, air seals, spiral casing, spiral drain valve, inspect blades of the runner, cleaning of field winding, among others.
8Project Event: RFQs for equipment are expected by mid-December 2017.
8Expenditure Approval: Q2:2017
8RFQ Date: 15/Dec/2017
8Release Date: Jan/2018
8Start Date: 30/Jan/2018
8Completion Date: 13/Feb/2018
 Click here for more information Details
8India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. Click on Report for more.
8In the light of tightening global oil supplies, as well as market jitters following the arrest of 11 Saudi princes and other key officials in early November, a key business intelligence agency has raised the forecast for the price of dated Brent Blend to US$59/barrel in 2018 (US$54/b previously), from an estimated US$54.9/b in 2017 (US$53/b previously). Click on Report for more.
8Get the latest update from the government on what is happening with OVL and OIL and their investments in Venezuela. Click on Report for more.
8Find out more on why GAIL's petrochemical segment may end up with a loss despite very high capacity utilization levels. Click on Report for more.
8An Indian company is a market leader in steam turbines up to a range of 100 MW. Find out more about how it has reached that position. But orders are down 15% from what they were last year. What does that point to? Click on Report for more. Details
It is rare to find private foreign investors betting big money on new LNG projects in India.
8Control of distribution networks by monopoly players and a fuzzy gas demand outlook make it difficult for outside investors to figure out whether a reasonable return will be available on such investments
8But meet this Indian executive, coming with a background in the Indian oil and gas industry, who has convinced his company to invest $ 600 million in an LNG project in India.
Click on Reports and on Details for more Details
Carbon emissions are going to up this year, after staying level last year
8The biggest changes in emissions are from a decline in coal and an increase in oil and gas
8India's emission levels are among the fastest to rise globally
8Multiple new emission reduction pathways are now being evolved in order to be able to stay within the two degree mark The uncertainty however is even greater when the availability of technology and time required for technology deployment are considered.
8Clearly, more technological breakthroughs will be need to plug the gap going ahead.
8To date, the integration of variable renewables has been enabled by flexibility options such as grid reinforcements, demand-side management, energy storage, sector coupling and flexible  conventional generation.
8However, the optimal strategy for integrating shares of  variable renewable energy higher than 50% on annual basis by 2050 is not yet known
Click on Reports for more Details
A new table has been drawn up for best practices in energy usage in different segments of the economy.
The data is given in terms of:
8Segments where technologies are needed
8How rapidly is innovation progressing
8How much will each of these segment will contribute to decarbonisation in 2050 compared to baseline
8How much capacity needs to grow or degrow in each of these segments until 2050
8What further opportunities for innovation are needed in each of these segments
Click on Reports for more Details
As of today, the news on the oil & gas front is not that bright
8Indigenous crude oil including condensate production during October 2017 was marginally lower by 0.4% than that of October 2016. Even on a cumulative basis, there was a marginal decrease of 0.2% over April- October 2016 in indigenous crude oil including condensate production. The recurring theme is a degrowth in output from PSC fields as of now.
8Import dependency is still going up as crude oil imports are up, rising 4.9% during October 2017 but less rapidly between April-October.
8The point to note is that consumption of petroleum products is down when the expectation was of a rapid rise. Petroleum product consumption registered a growth of 0.9% during October 2017 as compared to 7.3% growth during October 2016. Except for naphtha, SKO, HSD, LDO, FO/LSHS & bitumen all other products registered positive growth during October 2017. During the period April-October 2017-18, petroleum product consumption registered a growth of 1.6% as compared to 9.5% growth during the same period last year.
8The slowing down of consumption is not on account of any structural change or decarbonization attempt but a consequence of government policies.
8The projections are that consumption will go up on the back of economic growth once the current muddle over GST and demonetization settles down.
Click on Reports for more Details
LNG import for the month of October, 2017 was 2422 MMSCM which was 11.0 % higher than the corresponding month of the previous year.
8The cumulative import of 14777 MMSCM for the current year till October, 2017 was lower by 0.4% compared with the corresponding period of the previous year (14833 MMSCM).
8The surge in imports could be on the back of a substitution effect due to higher crude oil prices as liquid fuels are substituted by gas
8Will this trend slow down if crude prices cool or if LNG prices continue to stay high?
Click on Reports for more Details
The crude oil market is simmering, while the Indian rupee is beginning to weaken. This is a potent combination, raising inflation expectations. Crude is a universal intermediate that fuels economic growth and India’s substantial dependence on import is well known.
8A weaker rupee makes imported commodities especially crude oil more expensive.
8In addition, harvest of Kharif crops is below expectation while concerns over upcoming Rabi are emerging. 
8The combination of the ‘3 Cs’ – Crude, Currency and Crops – has the potential to spoil the benign inflation situation we have had so far. Monetary policy will be influenced by the emerging scenario.
8If you want to attend a talk where all of this is discussed, please feel free to walk in. 
Click on Reports for more Details
Two Ammonia-Urea Energy Saving Project  
8Cost - Rs 300X2 Crore
8Project Description: Thermax, Mitsubishi Hitachi Power Systems India Private Limited, Tata Power and BHEL are in the race for two parallel energy-saving projects in India. There is a requirement for Compressor, Gas Turbine, Air Intake System, Filters, Centrifugal Fans, Pumps, HRSG and its Auxiliaries, Heat Exchanger Shell and Tube, Pressure Vessel, Dosing Pump, Motorised Agitator, Generator, Excitation System, Relay Panels, Generator Control Panels, 11KV Switch Gear, 3.3 KV Switch Gear, DC System, Battery Charger, 11KV/ 11.5KV Generator Transformer,11KV /3.3KV Transformer, 11KV /415V Transformer, Low Voltage Switch Gear, HV Motors, Control Panels, Neutral Earthing Resistor, Light fitting of each Type & Rating, Fire Detecting System, LV Motors, PA Systems, Capacitor bank, LCS, Annunciator panel, Load Management System, EOT Crane, Instrument Items and more.
 8Project Event: The tender has already been released for an LSTK contractor in March 2017 and finalization is due in December in place of November 2017 due to delay in the discussion. Tender for equipment is likely to be released in January 2018
 Click here for more information
SSP Annual Maintenance Project 
8Cost - Rs 0.20 Crore
8Project Description: A Fertilizer company is planning an annual maintenance shutdown in Dec 2018 at their existing fertilizer complex at Bhilwara in Rajasthan. The existing capacity is made up of 30000 MTPA of SSP. Pre-Vendor Qualification may be necessary for a maintenance contractor.
8Project Event: RFQ for the Annual Maintenance Contractor is likely to be released in August or September 2018
Click here for more information Details
For those who believe that the offshore rig market will never show an upswing anytime soon, here is some good news.
8The market is down now but is likely to see an upswing over the next two years.
8Find out more on why the market might see a reversal of the current downtrend sooner than later, despite a large supply overhang
8Meanwhile, the crude pricing regime is expected to stay favourable for a renaissance in deepwater activity
Click on Details for more Details
8Project Name: Offshore Decommissioning Project
8Project Cost: Rs 500 crore.
8Project Description: Promoter is planning an offshore decommissioning project. The project involves the abandonment of oil wells and 5 platforms along with the associated intra-field pipelines. Currently, the project is in pre-clearance phase. The TOR for the project is expected by 23 Nov 2017. Moreover, a Board of Directors meeting has also been scheduled for 28th November 2017 on how to manage the project going ahead. Further RFQs for the project are expected shortly.
8Project Event: RFQ for hiring EPC contractor for project decommissioning is expected by Q1 2018.
8Expenditure Approval: Q2/2017.
8RFQ Date: Q1/2018.
8Release Date: Q1/2018.
8Date: Q1/2019.
8Completion Date: Q4/2019.
Click here for more details
8Project Name: Oil Field Development
8Project Cost: Rs 100 crore
8Project Description: Promoter is planning development of an onshore field awarded to it under the discovered small fields round in 2016. The project involves workover of 2 existing wells and drilling of five development wells in the block. Moreover, the project will involve the laying of pipelines to connect the oil field with the nearest production facility. Currently, the project is in pre-clearance phase. The FDP for the project is under preparation which is expected to be completed by next month. The TOR for the project has been approved. Further RFQs for the project are expected shortly.
8Project Event: RFQ for hiring consultant for EIA services is expected by December 2017.
RFQ for hiring services for Rigs and other oilfield services is expected by Q1 2018.
8Expenditure Approval: Q2/2017
8RFQ Date: Dec/2017
8Release Date: Q1/2018
8Start Date: Q2/2018
8Completion Date: Q2/2020
Click here for more information Details
For reference purposes the website carries here the following tenders:
8Risk Assessment of Maharashtra region Natural Gas pipeline network Details
8Procurement of Hydraulic Torque Wrench with Accessories for GAIL Hazira Details
8Hiring of Hydraulic Fracturing Services for Block CB-ONN-2010/11 Details
8Carrying out Piping and Structural Modification and Replacement Jobs in refinery Details
8Inspection of Underground tankfarm piping sections near Paradip StationDetails
8Carrying out BDEP and Detailed Engineering for Offsite Network and Process Furnaces for utilization of Natural Gas in refinery Details
8Technical Advisory Services for burner assembly job of Boiler at refinery Details
8Supply of Low ranges Differential Pressure Transmitters in refinery Details
You can also click on Tenders for more   
For reference purposes the website carries here the following Newsclips:  
8Barmer oil theft case: Rajasthan High Court grants bail to 33 Details
8Egypt says natural gas discoveries can be EU's new energy source Details 
8Government considering banning import of pet coke to curb pollution Details
8Companies have to ensure distribution chains pass on GST cuts to consumers - Adhia Details
8As Venezuela pumps below OPEC target, oil rivals begin filling gap Details
8Russia's Rosneft signs oil supply deal with Greece's Motor Oil Details
8China to offer financing help, subsidies to boost private investment in manufacturing Details
8Moody’s upgrades Vedanta’s rating to Ba3 Details
8‘Indian renewable energy firms among lowest rated’ Details
8India’s MRPL seeks 1 mln barrels of high-sulphur U.S. Oil Details
8Fiscal deficit: Disinvestment to the rescue as Arun Jaitley says Centre will miss target Details
8In big boost, Centre’s disinvestment revenue set to hit Rs 1 lakh cr mark Details
You can also click on Newsclips for more    Details
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