All content in this website is sourced legitimately

Archives

All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.

Nov 2016

GAIL has opposed BPCL's a recent attempt to dub the Mumbai-Manmad-Manglia-Bijwasan product pipeline as a dedicated pipeline and the public sector refiner's proposal for connecting Vadinar to the Manglia-Kota pipeline as an extension of the dedicated pipeline.
8GAIL claims that if this pipeline is taken as a dedicated pipeline, then it will have significant implications for other similarly placed product pipelines now thinking of expansion the network.
Click on Reports for more Details
For reference purposes the website carries here a comparative cost of generation matrix based on different fuel mix
Click on Reports for cost of generation data generated in terms of:
8Competitively bid solar PV tariff (YTD 2016, CY 2015, CT 2014)
8Average wind tariff
8RLNG at delivered cost of $ 10/mmbtu
8Domestic gas at the prevailing price of $ 3.8/mmbtu
8Short term bilateral tariff in FY 2016
8Competitive tariff (Case-1 bids)
8100% imported coal for coastal thermal power projects
880% domestic coal at current linkage price + Imported coal (20%)
8100% domestic coal at linkage price
These tariff rates have implications for the gas supplier as a competitive matrix of prices allows him to understand where he placed.
Click on Reports for more Details
Will revised emission norms for thermal power plants result in a higher use of gas-based power in India?
8Or will coal based power still be cheaper than gas based generation?
Click on Reports for more Details
The revised emission norms notified by the ministry of environment for thermal power projects (TPPs) are set to adversely impact operational coal-based capacity of 187 GW and under-development capacity of 74 GW.
8Coal-based power projects are required by the new norms to invest in additional equipment capital expenditure to comply with the revised emission norms which become effective from December, 2017
8It is estimated that this would entail a capital investment of Rs 0.6 crore to Rs 1 crore per MW.
8This in turn is likely to result in an increase in capital cost of generation for these projects by 13 paise to 22 paise per unit, depending on the capex incurred.
8In addition, it is also likely to result in extral O&M costs pertaining to additional equipments installed for complying with the revised emission norms.
8A lot of old power plants will not be able to cope with the new norms.
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Hiring of consultancy services for various O&M activities Details
8Post construction Audit and Hazop for C2C3, Vijaipur Details
8Carrying out Catalyst loading works at OHCU Reactors, Manali Refinery Details
8ARC for Drager Make Portable Gas Detectors, Manali Details
8Supply of Ejector Assembly, Barauni Oil Refinery Details
8Procurement of Production Tubing for Ahmedabad & Tarapur Block, Gujarat Details
8Procurement of Rotational Viscometer, Assam Details
8Execution of various miscellaneous Civil Engineering works, East Godavari district Details
8Glencore comes out top as Egypt awards mega LNG import tender Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Oil minister Dharmendra Pradhan inaugurates workshop on Startup India Details
8Glencore comes out top as Egypt awards mega LNG import tender  Details
8Kazakhstan Energy Minister undecided on attending OPEC meeting Details 
878 schemes covered under DBT system so far: Government Details
8Oil India Ltd winds up its wholly owned subsidiary- Oil India International Ltd. Details
8Sell domestic LPG only to PSU oil firms: Government to producers Details
8China to further open up upstream oil and gas sector by 2020 Details
8Russian Energy Minister Alexander Novak to skip OPEC meeting - RIA Details 
8Why India must have a sustainable mix of energy Details
8Meet reviews onshore oil security steps Details  
You can also click on Newsclips for more   Details
A big public sector refinery is going to have a shutdown of its CDU and Hydrocracker Unit in March, 2017
8RFQs are likely to be floated within the next two months for equipments and repair services
Click on Details for more Details
Construction work on 500 km gas pipeline along with attendant terminals has begun.
8One pump station is coming up as well.
8The next set of RFQs are going to be out in February, 2017
Click on Details for more Details
The following equipment will be needed:
8Pipes and Pipe Fittings
8Welding Materials
8Ready Mix concrete
8Cranes
8Truck Trailers
8Dozers
8Excavators
8Dumpers
8Pumps
8DG sets
Click on Details for more Details
An EPC contractor has been appointed for an LNG terminal construction
8Currently engineering is going on
Click on Details to know who the EPC contractor is and when will the RFQs come out
   Details
There is an onland drilling programme coming up with a price tag of Rs 1150 crore
8An EOI will be floated in the second week of February, 2017
 RFQs for rigs will be out in April, 2017
8RFQs for drilling equipment, drills, casing and riser pipes will come up by March, 2017
8Drilling is expected by July, 2017
Click on Reports for more Details
The business development programme includes gas gathering stations and an attendant pipeline network
8Environment clearance is expected around May, 2017
RFQs are to be floated in March, 2017 for:
8Pipelines
8Header
8Manifolds
8Test Separators
8Test Tank
8Production Tank
8Oil Transfer Pump
8Flare stock system
Click on Reports for more Details
For reference purposes, the website carries here a list of ongoing refinery expansion and improvement projects
8The cost of each project is given
8The completion time or schedule is also documented
Click on Reports for more Details
The website carries here full details of the activities of the Petroleum Conservation Research Association (PCRA), including:
8The estimated numbers of industrial units across the country which have reached their designated targets of energy consumption under the cycle-I of Perform, Achieve and Trade (PAT) scheme are 308. The State/UT- wise segregation of industrial units is give here
8Total 173 industrial units were added in the PAT scheme after notification in March 2016. Details are given here
8All sectors under PAT cycle-1 were not audited by PCRA. The designated consumers in the sectors of Thermal Power Plants, Textiles, Iron and Steel Sector and Chlor Alkali were audited by and details are given here.
Click on Reports for more Details
State-wise details of identified shale gas blocks
8Main guidelines for selection of LPG distributorships
8Road map for bringing down imports by 10% by 2022
8Marketing margin to be charged for gas supplied to urea and LPG units
Click on Reports for more Details
Find answers to the following questions on the Ratna R Series field:
8Whether there have been delays in the process of awarding Ratna and R-Series field to ONGC?
8If so, who is responsible for the delay?
8Where an enquiry was conducted to fix the responsibility for the delay
8Whether corrective steps are vbeing taken by the government to avoid such delays and to punish the responsible officials?
Click on Reports for more Details
A total of three LPG bottling plant proposals have come in
8The RFQs are expected to be released in early 2017
8Two of the proposas entail an invetment of Rs 80 crore each while one is for Rs 120 crore
Click on Reports for more Details
The website carries here the full details of a 400 infill development well onland drilling programme coming up
8The cost of project is Rs 2400 crore
Click on Reports for more Details
ONGC is planning a Rs 350 crore drilling programme
8EOIs are expected in the second week of February
8Drilling is expected to start in the July, 2017
Click on Details for rmore Details
A large Indian refinery will undergo a shutdown in March, 2017
8It is a scheduled shutdown that comes once every Four years
8Equipment RFQs are expected in February, 2017
8An equipment list will released by the company shortly
Click on Details for more

 

Details
For reference purposes the website carries here the following tenders:
8ARC for supply of Boiler Suits for Mumbai Refinery and Numaligarh Refinery Details
8Bunker supply of white oil by bunker burges from BPCL, Mumbai to ONGC Nhava Base Details
8Supply of Casing and Accessories for the Block CB-ONN-2010/8 Cambay Basin, Gujarat Details
8Supply of Gas Chromatographs, Bongaigaon Refinery Details
8Providing civil works at "VDAD" Drill site, Karaikal Details
8Design and Procurement of Desander Facility at Offshore DDW1 Well Head Platfrom, Gujarat Details
8Hiring of services for handling and processing of Oily Sludge, Assam Details
8Supply of Rotary substitutes, Duliajan Details
8Procurement of chemicals for drilling purposes, Assam Details
8Procurement of Industrial Gases, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Oil prices slump as market unsure of output cut deal Details
8Russia set to gain from oil production freeze Details
8RIL seeks access to India’s longest LPG pipeline by IOC Details 
8Oil regulator opposes govt’s move to give GAIL the run of Eastern gas grid Details
8Saudi energy minister: oil market would balance even without output cuts Details
8Crude oil prices tumble as doubts over planned crude output cut rise Details 
8273 infrastructure projects cause cost overrun of Rs 1.77 lakh crore Details
8Oil market static in thin trade ahead of OPEC meeting next week Details
8ONCG's first deep water project takes off Details
8Competition Appellate Tribunal has allowed appeal against earlier order into GAIL India Details 
8Gujarat seeks Rs 6,600 cr from Centre for GSPL gas projects Details
8Swipe machines to be set up at 1,500 petrol pumps:Gujarat CM Details
8Time to switch it off: Don’t say hello at petrol pumps Details 
8Global oil investors have $490 billion riding on Opec's output cap deal Details
8India’s crude oil refinery output jumps 13% in October 2016 Details
8Iran pulls ahead in race to supply India with oil Details 
8Oil India Q2 profit declines 17.7% to Rs 580.2 crore Details
You can also click on Newsclips for more   Details
Five parties have shown interest in a Rs 413 crore outer terminal PPP project
8The capacity of the terminal is around 5.5 MMTPA
Click on Details for more Details
A project for setting up of four jetties have been dropped
8The proposal was for setting up facilities that would have involved a total capcity of 23.4 MMTPA
8Environment clearance was elicited
The project is no longer feasible Details
Along with the drilling programme, an investment is proposed for a Rs 200 crore investment in a Gas Collection Centre and an attendant pipeline network
8Environment clearance is expected in May, 2017
8EOIs are to be floated by March, 2017 for a header, piping systems, test separator, production separator, test tank, production tank, oil transfer pump and flare stack system
Click on Details for more Details
8RIL is expected to re-start production in its Fluidized Catalyst Cracking Unit within the next 18 to 20 days
Click on Details for more Details
A company is planning to setup a new Benzene unit
8RFQs are likely within one to two months.
8The capacity of the unit will be 25000 ton per annum.
Click on Details for more Details
An existing company plans to enhance its naphtha cracker maximum design capacity which lead to an increase in the production of intermediates such as ethylene and propylene.
A range of new products will be produced, including:
8Butene-1 and Methyl Tertiary Butyl Ether (MTBE)
8Phenol and Acetone
8Poly Butylene Terephthalate (PBT) and Tetrahydrofuran (THF)
8Vinyl Acetate Ethylene (VAE)
8Additional Chain of HDPE (Train-3)
8To support the expansion program augmentation of ancillary facilities such as storage, loading/unloading, utilities system, equipment will also be necessary for the proposed project. 
8The total cost of the project is around Rs. 4500 crore.
8EC is expected to be granted by June 2017.
List of new units and equipments required:
-- Naphtha Cracking Unit
-- Alkylation Unit
-- Captive power uinit ( 35 MW )
-- Furnance
-- Crackers
-- Pumps
-- Compressors
8RFQ's for the units will be floated by January, 2017.
Click on Reports for more Details
L&T Hydrocarbon Engineering Ltd., a wholly owned subsidiary of Larsen & Toubro unveiled a high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai
8The facility is being employed to execute a prestigious Lump Sum Turn Key (LSTK) Contract that has been bagged from ONGC for a subsea installation by a consortium of J. Ray Mc Dermott S.A., Berlian McDermott & L&T Hydrocarbon Engineering Ltd. in international competitive bidding.
8The contract is part of ONGC’s integrated development of Deep Water Vashishta & S1 Fields on India’s east coast. It is their first project, involving three subsea wells in depths ranging from 400m to 700m involving a daisy chain field architecture with subsea tie back to onshore terminal at Odalaveru through a dual 14” pipeline.
Click on Details for more Details
The spike in newbuilding activity witnessed during the past few weeks proved to be short lived with zero orders being reported during the past days
 8The ordering boom quickly lost steam and the outlook now goes back to being gloomy.
 Click on Reports for more on this   Details
Hardy Oil continues to be stuck trying to get the government to pay the arbitration award granted in its favour in the dispute over the Cy-OS/2 block.
8The present status is that the government's second appeal of the CY-OS/2 arbitration award was dismissed.
8The GOI has subsequently escalated their appeal to the Supreme Court of India. Legal process to confirm the Award in the US is under consideration by the Washington, DC judiciary.
8Once the award comes in, it will significantly raise the company's financial profile
Also find out more on the company's other assets:
8PY-3
8GS-01
Click on Reports for more Details
The RFQ for the Offshore Process Platform (CPP & LQUP) project for the KG-DWN-98/2 is finally out.
8The scope of work for the tender will include Surveys (pre-engineering, pre-construction/ pre-installation and post-installation) Design, Engineering, Procurement, Fabrication, Load out, Tie down / Sea fastening Tow- out/ Sail-out, Transportation, Installation, Hook-up, Testing, Pre-commissioning and Commissioning of the following facilities:
8Central Processing Platform (CPP) with bridge connecting to LQUP for Processing Gas Compression and handling capacity of 12.75 MMSCMD
8Well fluid Receiver for import gas with Pig Launcher & Pig receiver.
8Export Gas Pig Launcher.
8Gas Separation facilities with production separators.
8Booster /Export Gas Compression System consisting of Gas Turbine driven centrifugal compressors along with suction scrubbers, after coolers, discharge scrubbers and associated piping
8Fuel Gas system consisting of fuel gas conditioning package with fuel gas scrubber, filter coalesces and super heaters.
8Gas Dehydration System
8Living Quarters and Utilities Platform (LQUP) –LQ with heli deck, Central control room and all utilities
8Bridge connecting CPP and LQUP
8Transport and installation of jacket and topsides
8 All top side equipment supply, approvals, testing, commissioning and installation as per design including detailed engineering. 
Click on Reports for more Details
For reference purposes, the website carries here details of the theme and plenary sessions which are planned in Petrocheh 2016
8The event is just two weeks away
Click on Reports for more Details
Find out more on Essar's Raniganj project from an interview of Manish Maheshwari, Essar Oil's CEO
He made the following points
8India’s biggest CBM producing asset with current production of 1.17mmscmd as of October 2016
8Essar Oil is targeting production of 3 mmscmd by FY2018
8Cumulative investment of about $500 million made in the block so far, with additional $100-$150 million planned to boost output
8330 wells drilled as of October 2016 with 363 development wells planned during the current phase
Click on Reports for more Details
Speaking at an interview, ONGC's director offshore T.K. Sengupta said that "the decline in production from offshore fields, which used to be in the order of 7 to 8% has come down to 2.5 to 3% in last couple of years.”
Sengupta also speaks of the $5 billion KG-DWN-98/2 discovery
He also lists out the various offshore assets deployed by ONGC, including:
8Shallow water rigs
8Deepwater rigs
8Offshore vessels (PSV, OSV, AHTS, Crew boats)
8Multi-support vessels
8Well simulation vessels
Click on Reports for more Details
Increasingly, the Board of Directors of oil companies will be asked to answer questions on the portfolio and capex resilence of  their companies, such as:
8Can the Board explain how the current portfolio and capex decisions continue to generate shareholder value in the long term in light of the dramatic changes in market and technology?
8How does the Board ensure there is sufficient flexibility to respond to changing dynamics?
8What time scale is the company using for testing its capital investments and are they consistent with varying time horizons for payback periods?
8What is the Reserves to Production ratio in the medium term?
8Have you publicly disclosed your position on climate and energy policy and how this relates to your strategy? Where relevant this may include your position on carbon pricing, renewable energy and energy efficiency targets and fossil fuel subsidies.
Click on Reports for more Details
The oil industry is undergoing dramatic change and the boards of oil companies are now being increasingly subjected investor questions.
The website has collated a set of model questions that the company brass is likely to face in the future. Among the possible questions which could be asked are:
8What is the company’s outlook for future energy demand? What are the key outlook input assumptions and ranges tested with respect to
(i) speed and alignment of regional and national policy measures to deliver on the Paris Climate Agreement,
(ii) technology break-through and penetration (in particular, renewable energy, electric vehicles and energy demand profile), and
(iii) oil and carbon pricing?
8How and why do these assumptions diverge from actual trends and projections as well as other 2°C reference cases?
8What were the notable impacts of a 2°C scenario and did this analysis lead to significant changes to the strategy or business plan?
8In the event global temperature rises above 2°C, what physical climate-related impacts do you anticipate may impact the business?
8Do the company’s internal scenarios consider the negative macroeconomic impacts of climate change as raised by the World Bank and others, and how those might impact fossil fuel demand?
Click on Reports for more Details
ONGC has hired another domain expert and this time it is to help out in the hiring and operation of the FPSO that is to be chartered out for the KG-DWN-98/2 offshore project
8The expert will help ONGC to get a deeper insight into the technical requirements of the FPSO as also the impact on cost and time overrun resulting from any change orders.
8The consultant is the second such individual domain expert hired for the KG-DWN-87/2 on a nomination basis.
8Business development managers will have to start interacting with him from now onwards.
Click on Details for more Details
Well placed sources in ONGC told this website that a total of only four consultants have been hired, all of them on a nomination basis, for the KG-DWN-98/2 project so far
8Find our more on who these consultants are for the project
8It is learnt that ONGC is going to hire many more consultants and equipment and services on a selection process
8As a business development manager, are you in the loop?
Find out more on this by clicking on Details Details
The consultant was selected from among a choice of four FPSO domain experts that a selection committee had initially shortlisted.
8The shortlist was done on the basis of  an informal search for domain experts
8Find out more on the shortlisting process and how eventually one of them was selected
Click on Details for more Details
The contract for award of a Rs 700 crore non-conventional drilling programme is likely to be awarded by February, 2017
8The contact negotiations are being carried out by a private sector firm
Click on Details for more   Details
RFQs for equipment and services for the Rs 700 crore drilling progamme will be released in the following way:
8The RFQs for Corehole Drilling Rig for drilling wells are expected to float around April-17.
8The RFQs for Drilling Bits and Coring Bits are expected to float around April-17
8The RFQs for Tubular, Casing/Tubings, ERW pipes are expected to float around April-17
8The RFQs for Casing Head, Tubing Head and valves & spares are expected to float around April-17
8The RFQs for Supply of GRE pipes & fittings are expected to float around April-17
8The RFQs for Supply of all kind of Control Valves(PCV/PRV/Solenoid/Severe Control/Dump/HIPPS) are expected to float around April-17
8The RFQs for Compressors and Boosters and allied equipment like heat exchanger, inter coolers, etc are expected to float around April-17
8The RFQs for CNG Compressor & Booster are expected to float around April-17
8The RFQs for Line pipes coating/ wrapping material are expected to float around April-17
8The RFQs for Flanges, reducers, X -Overs,studs, nuts & bolts, gaskets etc. are expected to float around April-17
8The RFQs for High/low pressure vessels are expected to float around April-17
Click on Details for more as also for details of the various equipment, material and related services for G & G for exploration and production of reserves.
The following services will be needed for:
8EPC
8G&G, drilling & completion, Gas based facilities, infrastructure & CBM field development.
8Development of wells.
8Equipment, material and related services for Civil Construction, HSE, Logistics, Communication and Support etc.
Click on Details for more Details
Tenders are to be floated in two months for an 18-inh product pipeline.
8Environment clearance has already been granted
Click on Details for more Details
Business development opportunity for a 5 MMTPA LNG terminal is coming up
RFQs are to be floated for the following facilities in February, 2017:
8Jetty & Marine Facilities for handling LNG ships [ Marine  Jetty with unloading platform  & unloading arms/flexible hoses; Trestle; and Berthing & mooring dolphins LNG Jetty]
8Full Containment LNG Storage tanks,[ Onshore  Cryogenic pipelines; Storage Tanks ]
8High Pressure LNG Re-gasification facilities [Low pressure Pumps; High pressure Pumps; Vaporizers]
8Boil off  Gas Compressors & Re-condenser,
8Truck loading and small LNG ship loading facilities,
8RLNG and LNG Metering facilities. [Flow control and metering systems; and other utilities]
Click on Details for more Details
The website carries here comprehensive details of a Rs 2200 crore  petrochemical and expansion project.
8Licensor requirements will be coming up shortly
8Work is to be done in a phased manner
8De-bottlenecking is going to be done over a 12 to 24 months period
8New units such to produce MEG, C-5 and styrene, among others, will be phased out over the next 36 to 60 months
Click on Reports for specific unit-wise revamping and equipment requirement details for the entire exercise Details
Both crude and gas production in India in October was significantly lower than target
8What is worrisome is that production is lower too in comparison to October, 2015
8There are structural reasons for the decline: output is lower in ONGC fields because the fields are mature whereas high water cut is response in the sharp decline in production in OIL fields
8As for gas production, the inexorable decline from RIL's D-6 block is contributing to the malice
8However, there is likely to be significant incremental gas output pouring in from ONGC's new field developments and that is likely to offset the decline in the short to medium term.
Click on Reports for disaggregated output data Details
India is going to build more strategic reserve facilities after business models for filling up crude are completed in existing facilities
8Business development opportunities will come up as a consequence
Click on Reports to know where the new facilities are coming up Details
It is pertinent to note that petcoke grew by a disturbingly faster rate of 18.7% during the month, substituting other more expensive liquid fuels. It is also replacing incremental demand for gas.
8The demand for all oil products rose to 16.5 million metric tonnes (MMT) from 15.5 MMT a year ago.
8Except for SKO and bitumen, which recorded negative growth of -34.0% and -14.5% respectively during the current month, all other products recorded positive growth.
8On cumulative basis, consumption grew by 8.9% for the period April to October with only SKO registered a negative growth of -13.5%.
Click on Reports for more Details
Indian fossil fuel consumption has gone up sharply in October, 2016.
8After declining in September, demand has seen a 6% upsurge in October
8This has been aided by a sharp 13.8% rise in in petrol and a 5.1% growth in diesel consumption.
8Naphtha consumption grew marginally by 1.7% but FO/LSHS growth was more rapid, at 11.7%, whereas ATF saw a jump of 9.9%
Click on Reports for more Details
A private sector promoter is planning a one-well drilling programme
8RFQs are to be floated in December, 2016 for the following services:
8Drilling Rig Services
8Fracture Stimulation Services  
8Bundled Drilling Services involving mud engineering and cementing services etc.
8There are expectations that a field development plan will emerge subsequently
Click on Details for more Details
The government has announced that ADNOC of UAE, Saudi Aramco of Saudi Arabia and Shell have expressed their interest in storing crude oil in India's strategic petroleum reserve facilities.
8To facilitate participation of foreign investors in filling up part of Mangalore storage facility,  the government has gone on to inserted Section 10 48(A) in the Income Tax Act providing for exemption from income tax to a notified foreign oil company.
8But these companies are seeking a long list of other concessions.
If their demands are met, a long list of other amendments may be needed in:
--Service Tax
--Income Tax
--Customs Act
--GST Act
--FEMA provisions
--Local Acts
Click on Details for more Details
A lot of business opportunity is coming up in a Rs 800 crore drilling project.
8Some procurements have been done but a lot more is coming up.
Among what is coming up in January, 2017 are:
8Core hole drilling rigs
8Tubular pipes and ERW pipes
In February:
8Drilling Bits and Coring Bits
8Drilling spools, DSAs and Flanges
In April:
8Drill pipes
8RFQs for Coring Liners, Core Barrels and accessories will be float subsequently
Click on Details for a full update on this project Details
 1 2 3 >  Last ›

Showing 1–50 of 255 items