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Hardy's sale of Indian assets-I: Elango outfoxed.  Hardy's sale of Indian assets-II: New players are flocking in .  Hardy's sale of Indian assets-III: India will need to fix its E&P arbitration system to attract genuine foreign investments.  RIL's KG Basin work: Updates.  Rs 1498 crore drilling field development: Progressing fast.  Rs 271 crore oil field development: Postponed .  Rs 10,000 crore urea and captive power plant: Deal to be completed by September, claims promoter.  GAIL pipeline fire: What has the management been doing?.  Rs 9 crore ammonium sulphate expansion: RFQ in August.  Ministry has instructed GAIL to split its gas marketing and transmission business: Pradhan.  GAIL's Kochi-Kootanand-Mangalore pipeline network: Full capacity utilization not anytime soon.  QCBS: ONGC clarifies stand .  Booster pump tender: Clear winner emerges.  KG-ONN-2004/1 block Phase 2 development: FDP nod expected within a month.  Rs 438 crore exploratory drilling: Status update.  Briefs.  ONGC's 51 MW power plant in Hazira: BHEL fails to deliver.  OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8.  Rs 1750 crore Ammonium Nitrate Greenfield Project: EPCM RFQ in August.  Rs 4750 crore Coal Gasification Greenfield Project: Jury still out on who will get the deal.  

Hardy's sale of Indian assets-I: Elango outfoxed

Jul 18: HOEC's managing director Pandarinathan Elango won and then lost the deal to take over Hardy Oil & Gas Ltd's assets in India.
8He has been outfoxed by two other Indian professional entrepreneurs with little hands-on oil & gas experience in India
8The Indian E&P landscape is beginning to change it seems, with the advent of an altogether different breed of players
Click on Details for more 
Details

Hardy's sale of Indian assets-II: New players are flocking in

Jul 18: Know about the two players who had chiseled the new takeover of Hardy Oil's assets in India.
8They are not known players in the Indian oil & gas industry, and they maintain a low profile in the industry
Click on Details for more
Details

Hardy's sale of Indian assets-III: India will need to fix its E&P arbitration system to attract genuine foreign investments

Jul 18: India will need to fix its foreign arbitration policies if it were to attract large scale foreign investments in the E&P industry.
8Hardy's sell out for a pittance after incurring a debt of $124 million in its Indian assets is a poignant reminder of how a genuine E&P company will think twice before betting its money in India.
8"The fact that Hardy's assets are being taken over at a low transaction value means that another entity is hoping to sort out the legal mess and make capital out of it," an industry insider told this website. "It is a poor reflection of how the system works in India," he added.
Click on Details for more Details

RIL's KG Basin work: Updates

Jul 18: 8National Oilwell Varco has won a contract to supply a large submerged turret production (STP) system for Reliance Industries’ FPSO on the MJ field offshore India.
8McDermott has completed the first of two offshore campaigns for Reliance Industries KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India.
Click on Reports for more Details

Rs 1498 crore drilling field development: Progressing fast

Jul 18: 8Project Name: Drilling Field Development
8Project Cost: Rs 1498 crore
8Project Description: Oil And Natural Gas Corporation Limited's 40 well development drilling project in L-II PML Block in Tamil Nadu has been progressing swiftly. As per the sources, EIA consultant for the project, Vimta Labs Limited has completed almost all the major milestones including the public hearing part and the draft EIA report is about to be completed soon. The company expects to get the EC for the 14 well drilling programme in L-l block and 40 wells development drilling in the adjacent L-ll block by the end of this year. Vimta Labs is the EIA consultants for both blocks
Click here for more details
Details

Rs 271 crore oil field development: Postponed

Jul 18: 8Project Name: Oil Field Development
8Project Cost: Rs 271 crore
8Project Description: This is 5 well exploratory drilling project in Sivasagar District of Assam has been delayed by approximately 6 to 7 months. Although the baseline studies for the block have been completed by ABC Technolabs Limited (EIA Consultant) last year, the Public hearing for the block couldn't be finished by the deadline. In the meanwhile, TOR for the said block will expire by 1st August 2019 and now ONGC has applied for 1 year TOR extension. The drilling will be carried out using ONGC's in house rigs in the following areas: i) North Rudrasagar, ii) Charali, iii) Lakwa, iv) Laiplingaon-Extension, and v) Applied PEL-Extension of part of Sivasagar District PEL in the Panidihing area at a targeted depth of the wells shall be up to 4900m. Further RFQs are expected shortly.
Click here for more details
Details

Rs 10,000 crore urea and captive power plant: Deal to be completed by September, claims promoter

Jul 18: Ammonia - Urea & Captive Power Greenfield Project
8Cost - Rs 10000 crore
This is a private sector initiative, wherein a Chinese EPC is being roped in. Equipment funding will come from the Chinese, it seems. A gas supply agreement is in place with GAIL. And promoters claim to be in negotiations with the Chinese company. A deal is expected to be finalized in September. Industry insiders are a little skeptical but then you never know
Click here for more details
Details

GAIL pipeline fire: What has the management been doing?

Jul 18: in June 2014, 15 people were charred to death in their sleep in a GAIL pipeline fire. While an inquiry committee has pointed fingers, no heads rolled.
8But for those who were injured, a few are still in and out of hospital.
8Is GAILdoing enough ameliorate their lives?
Click on Reports for more  Details

Rs 9 crore ammonium sulphate expansion: RFQ in August

Jul 18: Ammonium Sulphate Expansion Project
8Cost - Rs 9 crore
8Project Event: The proposal for environmental clearance has been accepted in March 2019. RFQ for the EPC contractor is likely to be released at the end of August 2019.
Click here for more details (Link opens only via www.indianfertilizer.com)
Details

Ministry has instructed GAIL to split its gas marketing and transmission business: Pradhan

Jul 18: For reference purposes the website carries here the following tenders:
8Procurement of JIB Crane for Gas Cracker Unit Details
8Supply of Mud System and Spares Details
8Steel Pipeline Laying and Associated Works Details
8ARC for supply of Pipes Details
8Invitation for Expression of Interest for CAMC of Air conditioning facilities Details
8Servicing of Control Valves Details
8Procurement of Carbon Steel Flanges Details
8Requirement of ARC for specialize Scaffolding for Coke Drum Details
8Supply of Centrifugal Low Pressure Compressors Details
8Periodic Condition Monitoring including PV Analysis of Reciprocating Compressors Details
8Procurement of Screw Compressors for Kirloskar Make Screw Chillers Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Ethanol to be central issue in India-Brazil meeting: Industry group Details
8Reliance, BP spending $5 bn on three gas projects in KG-D6 block: Bernard Looney, BP Details
8Ministry has instructed GAIL to split its gas marketing and transmission business: Pradhan Details
8CAG finds deficiencies in ONGC’s marine logistics operations Details
8India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie Details
8Nigeria's state oil firm awards oil-for-fuel swap deals: Sources Details
8Sufficient oil available to offset India's lost Iranian imports: Oil minister Details
8Russia's Severstal secures $874-mn gas deal with Novatek Details
8Crude futures fall after strong build in U.S. oil products stocks Details
You can also click on Newsclips for more   Details

GAIL's Kochi-Kootanand-Mangalore pipeline network: Full capacity utilization not anytime soon

Jul 17: GAIL is planning to spend 3,700 crore in the Kochi-Kootanand-Mangalore pipeline network
8The company however will not hit the full 6 mmscmd capacity utilization until 2023-24.
8Clearly, demand will move up less quickly than was earlier anticipated
Click on Reports for more Details

QCBS: ONGC clarifies stand

Jul 17: The quality cum price criteria now increasingly introduced in ONGC contracts disallow negotiation of prices with the L-1 bidder.
8A high ranking ONGC official clarified the company's views on the subject
Click on Details for more   Details

Booster pump tender: Clear winner emerges

Jul 17: 8Project Name: Pump Package
8Project Description: Oil and Natural Gas Corporation Limited is yet to issue an LOI for the Design, Supply, Installation, Commissioning, Monitoring, Optimization, and Troubleshooting and Replacement of 3 Booster Pump with higher capacities at Heera Platform, but a clear winner has emerged
Click here for more details Details

KG-ONN-2004/1 block Phase 2 development: FDP nod expected within a month

Jul 17: 8Project Name: Phase 2 Development
8Project Cost: Rs 200 crore
8Project Description: Oil India Limited's KG-ONN-2004/1 block Phase 2 development project in East Godavari District of Andhra Pradesh & Yanam District of Puducherry will gain impetus now that a nod is expected next month to the field development plan for the project.
Click here for more details
Details

Rs 438 crore exploratory drilling: Status update

Jul 17: 8Project Name: Exploratory Drilling
8Project Cost: Rs 438 crore
8Project Description: Get a status update on ONGC's 29 well exploratory drilling programme in Gujarat
Click here for more details
Details

Briefs

Jul 17: 8An oil company is planning to set up a 100 MW solar farm anywhere in India. Click on Report for more.
8A well stimulation vessel requirement has come up. Click on Report for more. Details

ONGC's 51 MW power plant in Hazira: BHEL fails to deliver

Jul 17: BHEL has failed to comply with the deadline for construction of the 51 MW combined cycle captive power plant at Hazira
8ONGC now faced with a problem, it seems
Click on Details for more Details

OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8

Jul 17: For reference purposes the website carries here the following tenders:
8Corrigendum: Design and Commissioning of Stepless Capacity Control Systems for Make-up Gas Compressors Details
8Purchase of Spare Parts for Hydrogen Gas Compressors Details
8Supply of Hydraulic Floor Crane Details
8Procurement of general purpose instrument fittings and valves Details
8Rectification Jobs for Corrosion Coupon and Probes for KG Basin Details
8Procurement of 303600 Kg Additive antiblock agent for LLDPE/ HDPE unit Details
8ARC for Additional Skilled Manpower Resources for Mechanical Maintenance jobs Details
8EOI for Charter hiring of one ready built Well Stimulation Vessel for Stimulation Operations Details
8Supply, Installation, Testing and Commissioning of Steam Boilers Details
8Marine ONGC Nhava Logistics Details
8Supply of SS Tubing for 4 DBs at CGD Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8India's wholesale price inflation eases further to 2.02% in June Details
8BPCL buys gasoline for Kandla in rare move Details
8India to launch rules to end gas distributors' monopoly in 34 cities Details

8Moody's affirms Baa1 rating to ONGC Details
8Panel to go into pros and cons of Hydrocarbon projects: TN govt Details
8India's Nayara Energy to invest $850 million to build petrochemical plant Details
8No plan to completely ban petrol, diesel vehicles: Pradhan Details
8OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8 Details
8Saudi Aramco eyes tie-up with Russia's Lukoil in Uzbek gas Details
8EU slaps sanctions on Turkey over gas drilling off Cyprus Details
8Spain's Petronor completes planned Bilbao oil refinery turnaround Details
8ADNOC hires BAML, Mizuho for natural gas pipelines deal: Sources Details
8European gas prices exceed Asian spot LNG, shuts arbitrage Details
8UAE plans oil trade overhaul to boost Middle Eastern clout Details
8OPINION: Weak global prices to keep domestic edible oil in a narrow range Details
You can also click on Newsclips for more   Details

Rs 1750 crore Ammonium Nitrate Greenfield Project: EPCM RFQ in August

Jul 17: Ammonium Nitrate Greenfield Project 
8Cost - Rs 1750 crore
8Project Event: The company has hired the technology licensor. The RFQ for the EPCM contractor is likely to be released in August 2019.
Click here for more details (Available only through www.indianfertilizer.com)
   
Details

Rs 4750 crore Coal Gasification Greenfield Project: Jury still out on who will get the deal

Jul 17: >Coal Gasification Greenfield Project
8Cost - Rs 4750 crore
8Project Event: Wuhuan Engineering is the L1 bidder but L&T is hotly contesting the claim. The battle is still on, and no decision has been taken. The jury is till out on who will bag the contract, it seems. A decision is likey by end of August 2019.
Click here for more details (Available only through www.indianfertilizer.com) Details

Hardy's sale of Indian assets-I: Elango outfoxed

Jul 18: HOEC's managing director Pandarinathan Elango won and then lost the deal to take over Hardy Oil & Gas Ltd's assets in India.
8He has been outfoxed by two other Indian professional entrepreneurs with little hands-on oil & gas experience in India
8The Indian E&P landscape is beginning to change it seems, with the advent of an altogether different breed of players
Click on Details for more 
Details

Hardy's sale of Indian assets-II: New players are flocking in

Jul 18: Know about the two players who had chiseled the new takeover of Hardy Oil's assets in India.
8They are not known players in the Indian oil & gas industry, and they maintain a low profile in the industry
Click on Details for more
Details

Hardy's sale of Indian assets-III: India will need to fix its E&P arbitration system to attract genuine foreign investments

Jul 18: India will need to fix its foreign arbitration policies if it were to attract large scale foreign investments in the E&P industry.
8Hardy's sell out for a pittance after incurring a debt of $124 million in its Indian assets is a poignant reminder of how a genuine E&P company will think twice before betting its money in India.
8"The fact that Hardy's assets are being taken over at a low transaction value means that another entity is hoping to sort out the legal mess and make capital out of it," an industry insider told this website. "It is a poor reflection of how the system works in India," he added.
Click on Details for more Details

RIL's KG Basin work: Updates

Jul 18: 8National Oilwell Varco has won a contract to supply a large submerged turret production (STP) system for Reliance Industries’ FPSO on the MJ field offshore India.
8McDermott has completed the first of two offshore campaigns for Reliance Industries KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India.
Click on Reports for more Details

Rs 1498 crore drilling field development: Progressing fast

Jul 18: 8Project Name: Drilling Field Development
8Project Cost: Rs 1498 crore
8Project Description: Oil And Natural Gas Corporation Limited's 40 well development drilling project in L-II PML Block in Tamil Nadu has been progressing swiftly. As per the sources, EIA consultant for the project, Vimta Labs Limited has completed almost all the major milestones including the public hearing part and the draft EIA report is about to be completed soon. The company expects to get the EC for the 14 well drilling programme in L-l block and 40 wells development drilling in the adjacent L-ll block by the end of this year. Vimta Labs is the EIA consultants for both blocks
Click here for more details
Details

Rs 271 crore oil field development: Postponed

Jul 18: 8Project Name: Oil Field Development
8Project Cost: Rs 271 crore
8Project Description: This is 5 well exploratory drilling project in Sivasagar District of Assam has been delayed by approximately 6 to 7 months. Although the baseline studies for the block have been completed by ABC Technolabs Limited (EIA Consultant) last year, the Public hearing for the block couldn't be finished by the deadline. In the meanwhile, TOR for the said block will expire by 1st August 2019 and now ONGC has applied for 1 year TOR extension. The drilling will be carried out using ONGC's in house rigs in the following areas: i) North Rudrasagar, ii) Charali, iii) Lakwa, iv) Laiplingaon-Extension, and v) Applied PEL-Extension of part of Sivasagar District PEL in the Panidihing area at a targeted depth of the wells shall be up to 4900m. Further RFQs are expected shortly.
Click here for more details
Details

Rs 10,000 crore urea and captive power plant: Deal to be completed by September, claims promoter

Jul 18: Ammonia - Urea & Captive Power Greenfield Project
8Cost - Rs 10000 crore
This is a private sector initiative, wherein a Chinese EPC is being roped in. Equipment funding will come from the Chinese, it seems. A gas supply agreement is in place with GAIL. And promoters claim to be in negotiations with the Chinese company. A deal is expected to be finalized in September. Industry insiders are a little skeptical but then you never know
Click here for more details
Details

GAIL pipeline fire: What has the management been doing?

Jul 18: in June 2014, 15 people were charred to death in their sleep in a GAIL pipeline fire. While an inquiry committee has pointed fingers, no heads rolled.
8But for those who were injured, a few are still in and out of hospital.
8Is GAILdoing enough ameliorate their lives?
Click on Reports for more  Details

Rs 9 crore ammonium sulphate expansion: RFQ in August

Jul 18: Ammonium Sulphate Expansion Project
8Cost - Rs 9 crore
8Project Event: The proposal for environmental clearance has been accepted in March 2019. RFQ for the EPC contractor is likely to be released at the end of August 2019.
Click here for more details (Link opens only via www.indianfertilizer.com)
Details

Ministry has instructed GAIL to split its gas marketing and transmission business: Pradhan

Jul 18: For reference purposes the website carries here the following tenders:
8Procurement of JIB Crane for Gas Cracker Unit Details
8Supply of Mud System and Spares Details
8Steel Pipeline Laying and Associated Works Details
8ARC for supply of Pipes Details
8Invitation for Expression of Interest for CAMC of Air conditioning facilities Details
8Servicing of Control Valves Details
8Procurement of Carbon Steel Flanges Details
8Requirement of ARC for specialize Scaffolding for Coke Drum Details
8Supply of Centrifugal Low Pressure Compressors Details
8Periodic Condition Monitoring including PV Analysis of Reciprocating Compressors Details
8Procurement of Screw Compressors for Kirloskar Make Screw Chillers Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Ethanol to be central issue in India-Brazil meeting: Industry group Details
8Reliance, BP spending $5 bn on three gas projects in KG-D6 block: Bernard Looney, BP Details
8Ministry has instructed GAIL to split its gas marketing and transmission business: Pradhan Details
8CAG finds deficiencies in ONGC’s marine logistics operations Details
8India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie Details
8Nigeria's state oil firm awards oil-for-fuel swap deals: Sources Details
8Sufficient oil available to offset India's lost Iranian imports: Oil minister Details
8Russia's Severstal secures $874-mn gas deal with Novatek Details
8Crude futures fall after strong build in U.S. oil products stocks Details
You can also click on Newsclips for more   Details

GAIL's Kochi-Kootanand-Mangalore pipeline network: Full capacity utilization not anytime soon

Jul 17: GAIL is planning to spend 3,700 crore in the Kochi-Kootanand-Mangalore pipeline network
8The company however will not hit the full 6 mmscmd capacity utilization until 2023-24.
8Clearly, demand will move up less quickly than was earlier anticipated
Click on Reports for more Details

QCBS: ONGC clarifies stand

Jul 17: The quality cum price criteria now increasingly introduced in ONGC contracts disallow negotiation of prices with the L-1 bidder.
8A high ranking ONGC official clarified the company's views on the subject
Click on Details for more   Details

Booster pump tender: Clear winner emerges

Jul 17: 8Project Name: Pump Package
8Project Description: Oil and Natural Gas Corporation Limited is yet to issue an LOI for the Design, Supply, Installation, Commissioning, Monitoring, Optimization, and Troubleshooting and Replacement of 3 Booster Pump with higher capacities at Heera Platform, but a clear winner has emerged
Click here for more details Details

KG-ONN-2004/1 block Phase 2 development: FDP nod expected within a month

Jul 17: 8Project Name: Phase 2 Development
8Project Cost: Rs 200 crore
8Project Description: Oil India Limited's KG-ONN-2004/1 block Phase 2 development project in East Godavari District of Andhra Pradesh & Yanam District of Puducherry will gain impetus now that a nod is expected next month to the field development plan for the project.
Click here for more details
Details

Rs 438 crore exploratory drilling: Status update

Jul 17: 8Project Name: Exploratory Drilling
8Project Cost: Rs 438 crore
8Project Description: Get a status update on ONGC's 29 well exploratory drilling programme in Gujarat
Click here for more details
Details

Briefs

Jul 17: 8An oil company is planning to set up a 100 MW solar farm anywhere in India. Click on Report for more.
8A well stimulation vessel requirement has come up. Click on Report for more. Details

ONGC's 51 MW power plant in Hazira: BHEL fails to deliver

Jul 17: BHEL has failed to comply with the deadline for construction of the 51 MW combined cycle captive power plant at Hazira
8ONGC now faced with a problem, it seems
Click on Details for more Details

OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8

Jul 17: For reference purposes the website carries here the following tenders:
8Corrigendum: Design and Commissioning of Stepless Capacity Control Systems for Make-up Gas Compressors Details
8Purchase of Spare Parts for Hydrogen Gas Compressors Details
8Supply of Hydraulic Floor Crane Details
8Procurement of general purpose instrument fittings and valves Details
8Rectification Jobs for Corrosion Coupon and Probes for KG Basin Details
8Procurement of 303600 Kg Additive antiblock agent for LLDPE/ HDPE unit Details
8ARC for Additional Skilled Manpower Resources for Mechanical Maintenance jobs Details
8EOI for Charter hiring of one ready built Well Stimulation Vessel for Stimulation Operations Details
8Supply, Installation, Testing and Commissioning of Steam Boilers Details
8Marine ONGC Nhava Logistics Details
8Supply of SS Tubing for 4 DBs at CGD Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8India's wholesale price inflation eases further to 2.02% in June Details
8BPCL buys gasoline for Kandla in rare move Details
8India to launch rules to end gas distributors' monopoly in 34 cities Details

8Moody's affirms Baa1 rating to ONGC Details
8Panel to go into pros and cons of Hydrocarbon projects: TN govt Details
8India's Nayara Energy to invest $850 million to build petrochemical plant Details
8No plan to completely ban petrol, diesel vehicles: Pradhan Details
8OIL signs contract for 12 oil blocks; Vedanta 10, ONGC 8 Details
8Saudi Aramco eyes tie-up with Russia's Lukoil in Uzbek gas Details
8EU slaps sanctions on Turkey over gas drilling off Cyprus Details
8Spain's Petronor completes planned Bilbao oil refinery turnaround Details
8ADNOC hires BAML, Mizuho for natural gas pipelines deal: Sources Details
8European gas prices exceed Asian spot LNG, shuts arbitrage Details
8UAE plans oil trade overhaul to boost Middle Eastern clout Details
8OPINION: Weak global prices to keep domestic edible oil in a narrow range Details
You can also click on Newsclips for more   Details

Rs 1750 crore Ammonium Nitrate Greenfield Project: EPCM RFQ in August

Jul 17: Ammonium Nitrate Greenfield Project 
8Cost - Rs 1750 crore
8Project Event: The company has hired the technology licensor. The RFQ for the EPCM contractor is likely to be released in August 2019.
Click here for more details (Available only through www.indianfertilizer.com)
   
Details

Rs 4750 crore Coal Gasification Greenfield Project: Jury still out on who will get the deal

Jul 17: >Coal Gasification Greenfield Project
8Cost - Rs 4750 crore
8Project Event: Wuhuan Engineering is the L1 bidder but L&T is hotly contesting the claim. The battle is still on, and no decision has been taken. The jury is till out on who will bag the contract, it seems. A decision is likey by end of August 2019.
Click here for more details (Available only through www.indianfertilizer.com) Details
  • Jul 16: Tubings, pup joints and crossover contract: Contract awarded :Details
  • Jul 16: LOI issued for 2D services:Details
  • Jul 16: Ratna tender comes out:Details
  • Jul 16: ONGC's offshore rig tender-I: Is this the end of the low-price era?:Details
  • Jul 16: Government mulling splitting GAIL; to sell pipeline business to strategic investor:Details
  • Jul 16: ONGC's offshore rig tender-II: E&P major will have limited options:Details