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Dec 2016

A business opportunity is coming up for a new Gas Gathering Station
8The cost of the project is Rs 80 crore
8Environment clearance is expected around May, 2017
8EOIs to be released by mid-February, 2017
8RFQ’S will float for the equipments of GGS by the end of April 2017
8Tenders for infrastructure development will be released by December end, 2016
The infrastructure development RFQs are to be for the following:
8Building construction materials
8Bulldozer
8Excavation Equipments
8Generators
8Land Clearing
8Paving and Permits
8Tractors
8Trucks
8Cementing Requirements
Click on Details for more Details
A set of RFQs  are slated for April, 2016 for the gas gathering station are:
8Pipelines
8Manifold
8Header
8Piping
8Test separator
8Production separator
8Test tank
8Production tank
8Oil Transfer pump
8Flare stack system
Click on Reports for more Details
A DHDT unit is coming up in a refinery
8Mechanical work has begun in the refinery and physical progress achieved is 45%
Requirement for equipments coming up are for:
8Pumps
8 Valves
8Compressor
Electrical work tender is also to be floated
Click on Details for more Details
The website carries here details of an FRSU that is expected to be commissioned in February 2019
8The FRSU will involve an investment of around Rs 2000 crore
Click on Details to find out more Details
The RFQ’s for FRSU are expected to float in the following manner:
8Appointment of Project Management Consultant in February,2017
8Award of contract for Dredging to be given in May,2017
8Award of Jetty Civil Construction in June,2017
8Award of Subsea Pipeline in July,2017
8Award of Jetty top facilities to be given in July,2017
8Award for Onshore Receipt Facilities to be given in August,2017
Similarly, the completion dates are as follows:
8Completion of ordering of long delivery items by June,2017
8Completion of Basin Dredging activities by September,2017
8Completion of Jetty Structural works by june,2018
8Completion of subsea pipeline byJune,2018
8Delivery of HP Gas Arms by September,2018
8Completion channel dredging by August,2018
8Completion of installation of jetty equipment by November,2018
8Completion of Onshore Receipt Facilities by December,2018
8Commissioning of the project is expected in February,2019.
Click on Details for more Details
Along with the big development drilling programme, there will be a requirement for Early Production Systems, Central Tank Farm and a Central Processing Facility
8RFQs are expected around July, 2017
Among the equipment required will be:
8Oil Tanks 
8Pipe Racks
8Pig Launcher/Pig Receiver
8Chemical Injection System.
8Tank Breather valves/vent valves
8Air Dryer Unit
8Blast Resistant Doors
8Fireproofing Material
8Insulation (Hot and Cold) for Equipment/Piping etc.
8Lighting and Electrification of Roads, Plants and Building Including Cables, Masts, Electrical fittings, & Accessories, Fire Protection Work including Material etc.
8Reservoir Monitoring system
8Cathodic Protection System
8Casing Head, Tubing Head and valves & spares
8Water Storage Tank
8Hydraulic Pump
8Perforated Pipe
8Heater
8Waste Removal
Click on Details for more Details
For reference purposes, the website carries here an interview with Petronet LNG Ltd's managing director Prabhat Singh's interview in which he speaks of:
8The company's overseas strategy
8Use of LNG in the transportation sector
8Current global LNG scenario
8India's near and long-term gas scenario
Click on Reports for more Details
For reference purposes, the website carries here an interview with Utpal Bora, chairman of Oil India Ltd (OIL) where he gives his views on:
8Current scope of Oil India's upstream operations
8OIL's acquisition in Russia and its status and prospects
8OIL's renewable energy initiatives
8On the new exploration policy
Click on Reports for more Details
Petrotech 2016 kicks off on December 5, 2016
8The website carries here a list of confirmed speakers on December 5 and 6, 2016
Click on Reports for more Details
LNG imports exceeded domestic gas available for sale in October, 2016
8During April-October, 2016 too, LNG imports exceeded sales
8LNG sales have spurted by 25% during April-October whereas net domestic production for sale went down 4.5%
8The fertilizer sector is the biggest consumer of gas, followed by the power and CGD segments
Click on Reports for more  Details
For reference purposes the website carries here the following tenders:
8Revamp of Naphtha Cracker Unit, Panipat Refinery and Petrochemical Complex Details
8Supply and Commissioning of Methanizer Gas Chromatographs, Mathura Refinery Details
8Testing & Commissioning of Cathodic Protection System, Paradip Refinery Details
8Schedule of rates for various jobs undertaken by BPCL Engineering and Projects, Mumbai Details
8Tender for transportation of bulk petroleum products, Karnataka Details
8Supply and Installation of Rotor Storage for KG-OSN-2001/3 Block Details
8Supply of Lubricity Improver for Ultra Low Sulphur Diesel Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8CNG Price Hiked By Rs. 1.85/Kg Details
8Greece to decide on gas grid sale next week after talks with SOCAR fail Details
8Kazakhstan says may announce cut after OPEC and non-OPEC meeting Details 
8Petrol pumps to deploy trainers to help customers use digital payment methods Details
8Modi government unlikely to implement Direct Benefit Transfer in kerosene Details
8Four major world cities pledge to eliminate diesel vehicles Details
8Industries across NCR using sulphur-heavy fuel, says Environment Pollution authority Details 
8India presses Iran to award Farzad-B oil and gas field to ONGC Videsh Ltd Details
8State-run ONGC crosses daily production target; revises annual goal Details 
8Increasing crude prices: Indian oil industry chooses to wait and watch Details
8BPCL: Still a gusher Details 
8Oil & Gas sector bringing socio economic change: Pradhan Details
8PM Narendra Modi to inaugurate Petrotech 2016 main conference on Monday Details 
You can also click on Newsclips for more   Details
Drilling work in the Vashishta and S-1 fields are expected to be begin in earnest during the ensuing fair weather window, once the well completion services tender is awarded.
8This tender will bring into culmination the accompanying drilling contracts which have been put in place for the fields
Click on Details for more Details
The two recently hired rigs, Aban Abraham and Jack Bates, have been put to work by ONGC
8One rig has been deployed in Western Offshore while the other has started drilling in the Eastern Offshore
Click on Details to find out more
   Details
Land is a pervious commodity be it Kerala or along the Jagdishpur-Haldia pipeline
8Farmers seem to be firmly opposed to providing land in stretches of the Jagdishpur-Haldia pipeline at prices that GAIL is willing to pay.
8GAIL is wiling to pay four times more than the statutory rate but land owners are holding out for more
8The delay in land acquisition is causing a whole lot of attendant problems for GAIL, in scheduling orders for plant and equipment
Click on Details for more on what is going on with the project and by how much is it going to be delayed Details
A new bitumen unit blowing unit is coming up in a refinery
8Civil work is going on
Requirement for pumps and compressors will be coming up soon
Click on Details for more Details
A prominent refinery shutdown is slated to begin in mid-March, 2017
 8The shutdown is going to be for 40 days
 8Key expansions of the refinery is going to be tied in during the shutdown period
 Click on Details for more Details
There is a business development opportunity coming up for a Gas Gathering Station for a large development drilling operation
8The cost is pegged at Rs 100-120 crore
8The capital approval for the project will be finalized around March 2017.
8RFQs are to be floated around July, 2017
Following equipment requirements will come up as a result:
8GRE pipes & fittings
8Electronic Memory Gauges
8Acoustic Fluid Level measuring Instrument.
8Supply of all kind of Control Valves(PCV/PRV/Solenoid/Severe Control/Dump/HIPPS)
8Compressors and Boosters and allied equipment like heat exchanger, inter coolers, etc
8CNG Compressor & Booster
8Line pipes coating/ wrapping material
8Equipment for Gas based facilities including Power Generation equipment-DG set/Gas Genset/Turbines, boilers, HRSG, cooling towers, DM unit
8Supply of Pressure Gauges, Temperature Gauges, Level Gauges, Pressure Transmitters, Temperature Transmitters, Level Transmitters
Click on Details for more Details
Oil India (OIL) reported 9% YoY decline in EBITDA mainly led by lower oil and gas realisations.
8Lower other income and higher depreciation further dragged PAT down.
8OIL’s profits remain largely unaffected if crude price is above US$ 47/bbl as the subsidy sharing burden kicks in above this price.
8However, at lower crude prices, negatives from lower net realisation outnumber the benefits from reduction in oil under-recovery.
8No subsidy sharing is expected by upstream players for crude below US$ 47/bbl.
8Operationally performance should be mixed for OIL going ahead. Oil volumes will remain flat, however, gas volumes will increase at ~6% p.a. Crude prices are likely to remain range-bond.
8So in reality nothing much is expected out of the company as of now unless the company's new chairman works hard to bring about the requisite changes.
Click on Reports for more Details
The length of the newbuilding orders coming to light during the past days is certainly reflecting signs of life in the industry but, with some very few exceptions, neither the type nor the size of the respective vessels being ordered is generating signs of a market that is getting stronger fundamentally.
8At the same time, newbuilding prices continue to point downwards, further suppressing the profit margin of those builders that are fortunate enough to secure some business and who are at the moment appear to be forced to choose staying in business and continuing  operations over squeezing decent premiums on the respective new-building deals.
8The outlook continues to remain grim for the industry as of the moment.
Click on Reports for more Details
The LNG shipping industry seems to be at the point of inflexion.
 8But new LNG production is coming on stream, with T9 of Malaysia LNG, Petronas FLNG1 and train 2 operations of Gorgon and Sabine Pass set to go on stream.
8Looking to 2017, significant additional production is expected from Gorgon and Sabine Pass together with new production from Whetstone.
8All in all, approximately 135 million tonnes of new production equivalent to 52% of current LNG production is expected to deliver between now and 1Q 2021.
8During recent months a number of market participants has chosen to take shipping coverage for 2017.
8Up to 16 vessels in the global spot fleet have been fixed for periods of 6-18 months starting between September and February. This tightens the outlook for structural availability into 2017.
8As new LNG arrives and prompt availability of shipping tonnage declines, charterer interest in period contracts is expected to grow bringing the shipping business ever closer to its inflection point.
8Discipline among ship owners continues to be maintained with only 6 LNG carriers (approximately 1% of the global fleet) ordered this year to date.
Click on Reports for more Details
The Indian refining and petrochemical industry is watching with much interest the on-going merger process of OMPL with Mangalore Refinery & Petrochemicals Limited (MRPL).
8The general expectation is that the merger will benefit both the entities given the synergies between their operations.
8The key feedstock (i.e. naphtha and aromatics streams) for the operations of OMPL is sourced from MRPL, which would be met captively post the amalgamation. It would also provide flexibility to the management in sourcing of crude so as to maximise the yield depending upon the market dynamics and crack spread available for the respective products.
8With the amalgamation, the plants of MRPL and OMPL can be operated at optimum utilisation to allow for optimisation of Gross Refining Margin (GRM) and maximisation of combined margins.
8However, the merger process has been delayed due to pending regulatory approvals. Meanwhile, OMPL has reported sizeable losses post-commissioning on a standalone basis, leading to significant erosion in its net worth.
8The completion of the merger in the near term remains critical for OMPL to benefit from the combined synergies and improve its financial profile.
8OMPL will now have low feedstock supply risks owing to the adjacent operating refinery of MRPL and the healthy demand indicators globally for the company’s key products, i.e. paraxylene and benzene. The market risks are expected to further reduce for paraxylene with the setup of a new downstream facility by JBF Industries Limited in the company’s vicinity in the near term. The company also benefits from its presence in Mangalore SEZ which would result in lower taxation in initial years of operations apart from other fiscal incentives.
8But the worry is that the company’s profitability is exposed to the movement in the crack spreads between naphtha/aromatic streams and the finished products which are highly volatile and cyclical in nature, as well as to import duty differentials between finished products and feedstock, and exchange rate movements.
Click on Reports for more Details
For reference purposes, the website carries here the state-wise details of sales tax levied on petroleum products
8Detailed central taxation levels on petroleum products are also carried here right since 2013.
8It is noticed that Madhya Pradesh has the highest state taxation at 40% on petrol whereas Goa has the lowest rate at 15%
8On diesel, Madhya Pradesh imposes the highest rate at 31% whereas Meghalaya has the lowest taxation rate at 13%
Click on Reports for more Details
The website carries here details on the following bits of news & information:
8The completion date for the 2100 km Mehsana-Bhatinda-Jammu-Srinagar Pipeline (MBJSPL) project is December, 2017.
8Preliminary site work has already begun on the KG-DWN-98/2 block.
8State-wise details of LPG connections surrendered and subsidies saved as a result
8State-wise number of LPG connections given to BPL families
8Update on IOC's LPG pipeline from Kandla in Gujarat to Gorakhpur in Uttar Pradesh
8Steps taken to promote the use of LNG in the transport sector
8Impact on inflation of increase in prices of petroleum products
8Methodology adopted by Oil Marketing Companies to calculate the customer price of petrol and diesel
8List of approved gas pipelines which are currently under development
8Government says that use of CNG helps bring down vehicular pollution by half along with state-wise distribution details of CNG stations
Click on Details for more Details
Gas prices are at a record low in India and there and the chorus of voices rooting for higher prices is rising rapidly
8The government however has made it clear that there the existing gas price formula will not be revised
8The government also claims that both public and private sector companies continue to make money at current gas prices
Click on Reports for more    Details
Initial permissions have been granted for a Rs 2500 crore liquid storage terminal
8A consultant has been hired for an Environment Impact Assessment study.
8The company is currently going through the technology and utility selection process.
8The capital approval process is also ongoing
RFQ dates have not been finalized yet but the following equipment requirements are likely:
8Storage Tanks
8Liquid Jetty
8Firefighting System
8Pipelines
8Mooring Dolphins
8Pressurized Mounded Bullets
8Berthing Facilities
8Trestles
8Unloading Arms
Click on Details for more Details
The next set of RFQs for the revamp of a Diesel Hydro Treatment (DHT) plant is expected within the next two months.
8The cost of the project is Rs 2500 crore
8Mechnical completion is expected in November, 2017
8However the shutdown of the company's DHT facility is expected sometime in February-March, 2017 when the tie-in for the revamp will fitted in so as to avoid an additional shutdown later when the revamped facility goes on stream
Click on Details for more Details
Work on a critical segment of a 700 km gas pipeline has been completed.
8The 10 mmscmd pipeline is being set up at a cost of around Rs 4500 crore
8Work on the next phase is going to commence soon
Click on Details and on the Reports button for more Details
Statutory clearances for a 180 well development drilling programme is expected in the third quarter of March, 2017.
8Capital approval is expected around March, 2017.
8The wells will be be connected to the respective/ nearby GGSs /EPSs through well fluid flow lines.
Click on Details for more Details
There is a long list of equipment requirements for the 180-well development programme
8Infrastructure development RFQs are expected around June, 2017
Among the many requirements are:
8Building Construction materials
8Bulldozers
8Excavators
8Generators
8Land Clearing equipment
8Paving equipment
8Permitting services
8Signages
8Trailers
8Tractors
8Trucks
8Sniffers
8Vibration Truck
Click on Details for more Details
An expansion of an LPG import facility is expected to be completed by December, 2016
8It will add a significant amount of LPG imports to India beginning early January, 2016
Click on Details to know more  Details
It looks like a NELP-VIII exploration block in the North East of India has been eventually been relinquished
8The EIA was submitted for approval in May, 2016
8But subsequently no one from the company attended the EIA meeting in the environment ministry where permissions were to have been discussed.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Transportation of FO and HFHSD through tank trucks Details
8Civil works at drill site GKBT in Geleky area, Assam Asset Details
8ARC for supply of Liquid Nitrogen to Mumbai Refinery Details
8Annual Thickness Gauging of Equipment & Piping, Panipat Refinery Details
8Procurement of Heat Exchanger Tubes, Panipat Refinery Details
8Carrying out TPM related repair and maintenance of insulation works at Mathura Refinery Details
8Supply and installation of Transformer Rectifier Unit of CP System of Petronet MHB Pipelines Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Essar Oils $13 bln deal with Rosneft-led group gets CCI nod Details
8Iran welcomes OPEC's crude oil production cut decision as "positive" Details
8Net crude oil importer Indonesia leaves producer club OPEC, again Details 
8LPG price hiked by Rs 2.07/cylinder, jet fuel price cut by 3.7% Details
8No old notes for fuel from Saturday, toll collection to resume Details
8Oil prices surge, trading volume records smashed as OPEC and Russia agree output cut Details
8OPEC output cut could force government to slash excise duty on fuel, bring relief for upstream firms Details 
8Vedanta to invest Rs 30,000 crore in Cairn India to ramp up capacity Details
8Discovered small fields provide good entry point for many non-oil companies Details
8ONCG, Cairn India stand to benefit from Opec move Details
You can also click on Newsclips for more   Details
Is India's move towards a gas-based economy coming too late?
8Has the world moved to a post-gas based industrial economy?
8Will the massive ongoing technological revolution in battery storage, electric and hydrogen based cars, distributed renewal energy production and driverless cars make gas as redundant as liquid fuels?
8Will the world have to shut down not just coal but also gas based activity in order to be able to keep global warming from spiraling out of control?
8There is an increasing body of research that seems to suggest that gas may not be a great substitute for coal to keep emissions down. In fact, all hydrocarbon emissions will have to be brought down dramatically to keep warming under control.
8The research on this is already well established and it is time for Indian planners to look beyond the active lobbying by the oil & gas industry to push for gas as a substitute for coal or liquid fuels to see what is around the corner.
8There is no denying the fact that gas is going to be imported into India and that is always going to be expensive. If transformative technological changes are taking place that will help us get away from gas, we must look at them first before committing to invest heavily in a gas backbone for the Indian economy that can become redundant soon after it is built.
8What the government should do is to put together a Committee of Experts to look at "India beyond Gas".
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India's push to move to a gas-based economy -- so as to bring down COP 21 mandated emissions levels by a committed 33-35% by 3030 -- can provide outstanding business development opportunities in the medium to long term.
A look of the following data can show how billions of dollars of investments are possible:
8The petroleum minister said that domestic pricing of gas is based on on gas on gas contracts. Indian companies have signed US contracts on Henry Hub prices. India is diversifying away from Qatar to other suppliers such as US and Australia
8Around 34 MMTPA of additional LNG capacity is coming up
8The National Gas Grid will double to 30,000 km in five years
8$ 8 billion will be spent in attendant gas based  infrastructure along the Jagdishput-Haldia and Bokaro-Dhamra pipeline network
8The Surat-Paradip Pipeline, Mallavaram-Bhopal-Bhilwara-Vijaipur Pipeline, Mehsana-Bhatinda-Jammu-Srinagar pipelines are coming up, all aimed at pushing gas deeper into India.
8Consumption of gas is slated to double to 240 MMSCMD in the next five years
835 new cities will have CGD connections in the next two years
8A large number of new gas-based fertilizer units are coming up, each with an investment of Rs 6000 crore
8If LNG prices stay low, gas utilization in the power sector will go up
8Gas based power plants will complement 175 GW of renewal energy projects coming up by 2022
8The big emphasis is in the use of LNG and CNG in the transportation sector. It is projected that 25% of India's transportation fuel requirement will come from gas.
8Indian refineries which use naphtha and Fuel Oil as primary fuels will switch over to gas as will new petrochemical hubs which are coming up
Click on Reports for more Details
No one needs a hike in oil prices more than the countries which make up the OPEC
8But attempts to cut production to raise prices are not bearing fruit and the frustration on this count is already evident.
8OPEC firmly believes that rebalancing is underway: Non-OPEC supply is falling while global demand is expected to grow at healthy levels of around 1.2 million barrels per day in 2016 and 2017
8But the huge stock overhang of 300 million barrels over and above the five year average is not helping prices to go down.
8In the long run, OPEC seems to have been enthused by its latest estimate that global demand will scale 109 million barrrels by 2040, a healthy increase of 16 million barrels per day over current levels.
8And to be able to maintain this level of supply, the world will need an investment of a massive $ 10 trillion.
8Juxtaposed against this background is the immediate fall in global capex in 2015 and 2016, with the trend possibly continuing in 2017.
8There is no mention however in the OPEC president Dr. Mohammed Bin Saleh Al-Sada, Qatar's Minister of Energy and Industry's speech yesterday at the 17th OPEC Conference of global warming and its terrible consequences or of the call to put a halt to production from new fields to keep the global temperature increase limited to 2 degrees.
8Nor is there any mention of transformative technology that can halt the rising appetite for oil and gas across the world
Click on Reports for more Details
For reference purposes, the website carries here the full findings of the recently released ENI's Oil & Gas Review, 2016.
8The ENI report provides comprehensive global oil & gas production and consumption data and is thought of as a handy tool by energy researchers around the world.
8Both the demand and supply of crude grew rapidly despite attempts to curb hydrocarbon emissions across the world.
8Oil demand saw an upswing in 2015, one of the biggest in recent years.
Click on Reports for more Details
Rs 400 crore exploratory drilling programme is coming up soon
The following RFQ dates are expected to be floated in February-March, 2017 for:
8Cranes
8Flow back monitoring and analysis
8Health Risk Assessment
8Heaters
8Hydraulic fluids and additives
8Oil tankages
8Pipe rakes
8Fire fighting equipment
Click on Reports for the name of project and more information Details
RFQs are to be floated for a Rs 700 crore LNG import terminal in February, 2017
8Environmental clearances have already been obtained.
8Construction work is expected to begin from April, 2017
Click on Details for more Details
The 370 Km Kochi-Palakkad LNG pipeline project seems to be finally making progress.
8The state government is trying hard to help GAIL acquire the requisite ROU.
8Land compensation cost been raised by the gas major in a desperate bid to get the pipeline off the ground
Find out more on when the RFQs for equipment and services for the project will be floated along with construction start date. Details
For reference purposes the website carries here the following tenders:
8Providing Consultancy Services for EIA-EMP & RA studies for Resid Upgradation Project, Manali Refinery Details
8Procurement of plate type Heat Exchanger Assembly for DHDT, Chennai Details
8Procurement of Helium Gas for two years Details
8AMC for pipeline maintenance under Jhabua Region Details
8Procurement of High Speed Diesel at Kailaras Compressor Station, Madhya Pradesh Details
8Carrying out pipeline repair works in VSPL, Visakhapatnam Details
8Supply of Hydrocarbon Detectors Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:  
8Oil markets jittery ahead of OPEC meeting later in day Details
8Oil soars on OPEC hopes, dollar renews its surge Details
8Saudi signals compromise for Iran as OPEC debates output cut Details 
8Asia's October imports of Iranian crude oil more than double from year ago Details
8India to invest $20 billion in gas fields in next 5-7 years: Dharmendra Pradhan Details
8Use of Natural Gas to fight the menace of Pollution Details
8Help labourers get bank accounts, Pradhan tells oil companies Details 
8Oil companies profitability to remain weak in 2017: Fitch Details
8Petrol price increased by Rs 0.13 per litre, diesel price decreased by Rs 0.12 per litre Details
8India invites global bids for filling strategic oil storage Details 
8After historic OPEC deal, crude oil expected to rally - for the moment Details
8Infra sector growth at a 6-month high in October Details 
8Petroleum ministry backs startups for core exploration and production activities Details
You can also click on Newsclips for more   Details
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