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PLL's US deal: A full analysis. Tripling East West Pipeline's tariff rate: Regulator plans to do its own due diligence now. RIL-Saudi Armaco deal: Is it at the cost of the new public sector refinery?. RIL LNG volumes to fall to 5 mmscmd yet GSPL's transportation volumes are set to rise. LNG: Average prices in August lower than last year but still way too high. Rs 1120 crore offshore pipeline replacement: EPC next month. Rs 300 crore product terminal: FEED RFQ by December. ONGC awards Rs 100 crore premium drill bits contact. Rs 4300 crore development drilling programme: Opportunities ahead. DSF Round field: Workover job from October. Software update: Fertilizer projects. India-funded oil refinery in Mongolia to be completed by 2022-end. Long term gas prices: Efforts initiated to bring them down. Kakinada Greenfield Petrochemicals Complex: Update. ONGC awards seamless line pipe contract: Rs 110 crore order placed. Offshore pipeline repair job: RFQ to be delayed. Workover rig EOI gets good response but tender only in January, 2020. ONGC's Jairampur Extension exploratory: Going as per schedule. 95% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank. Software update: Fertilizer projects.
PLL's US deal: A full analysis
Sep 23:
Through a $2.5 billion equity deal last Friday in return for a lifetime offtake of 5 msmcmd of LNG from Tellurian's 16.6 MMTPA LNG terminal in the US, Petronet LNG Ltd (PLL) has suddenly transformed itself from a sleepy and safe toll player in the Indian regasification business into a global risk taker.
8Based on 5 million mt/year offtake, Petronet would be responsible for underwriting $5 billion of Tellurian's total project debt in the Driftwood LNG plant. That is a big exposure by any yardstick. In that sense, PLL's exposure to the project is higher than that of the promoters, as the latter have undertaken to offtake only 4 MMTPA of LNG.
8The equity investment against a life time of LNG offtake implies that the risk is front ended, and borne by the investor cum buyer. So far, only Total, with a balance sheet many times larger than PLL, has bought into the terminal with an offtake of 1 MMTPA, a fifth of what PLL is now committed to.
8A host of traders, including Vitol, has been offered similar deals but they are yet to make up their minds.
8Currently, gas-indexed LNG is far cheaper than oil indexed LNG that PLL processes via long term contacts in its LNG terminals but that may not always be the case. If peak oil happens in 2022 as predicted by some, the price of crude may fall far enough to make oil indexed LNG cheaper from countries such as Qatar in relation to LNG from the US, thereby forcing PLL to scout the global markets to sell its committed offtake in the years ahead, unless of course PLL can work out a back to back arrangement with Indian offtakers for Tellurain LNG in exactly the same terms and conditions as was finalized last Saturday, something that will be difficult to push through to price sensitive Indian clients.
8Willy nilly, PLL has to grow up quickly and acquire the depth and punch needed for an international trader to survive in the LNG business.
Click on Details for Details
8Based on 5 million mt/year offtake, Petronet would be responsible for underwriting $5 billion of Tellurian's total project debt in the Driftwood LNG plant. That is a big exposure by any yardstick. In that sense, PLL's exposure to the project is higher than that of the promoters, as the latter have undertaken to offtake only 4 MMTPA of LNG.
8The equity investment against a life time of LNG offtake implies that the risk is front ended, and borne by the investor cum buyer. So far, only Total, with a balance sheet many times larger than PLL, has bought into the terminal with an offtake of 1 MMTPA, a fifth of what PLL is now committed to.
8A host of traders, including Vitol, has been offered similar deals but they are yet to make up their minds.
8Currently, gas-indexed LNG is far cheaper than oil indexed LNG that PLL processes via long term contacts in its LNG terminals but that may not always be the case. If peak oil happens in 2022 as predicted by some, the price of crude may fall far enough to make oil indexed LNG cheaper from countries such as Qatar in relation to LNG from the US, thereby forcing PLL to scout the global markets to sell its committed offtake in the years ahead, unless of course PLL can work out a back to back arrangement with Indian offtakers for Tellurain LNG in exactly the same terms and conditions as was finalized last Saturday, something that will be difficult to push through to price sensitive Indian clients.
8Willy nilly, PLL has to grow up quickly and acquire the depth and punch needed for an international trader to survive in the LNG business.
Click on Details for Details
Tripling East West Pipeline's tariff rate: Regulator plans to do its own due diligence now
Sep 23:
The PNGRB seems to be finally following up on its promise to commit an internal investigation into its own fixing of the tariff rates for the Rs 17,240 crore East West Pipeline, which was sold by RIL to a Canadian super fund
8This follows the regulator's approval of a tripling of tariff rates for the pipeline a day before a deal was struck to sell it.
8The tariff hike had raised eyebrows when it was done
Click on Report & Details for more Details
8This follows the regulator's approval of a tripling of tariff rates for the pipeline a day before a deal was struck to sell it.
8The tariff hike had raised eyebrows when it was done
Click on Report & Details for more Details
RIL-Saudi Armaco deal: Is it at the cost of the new public sector refinery?
Sep 23:
The RIL-Saudi Aramco deal benefits both companies in a big way. It allows Saudi Armaco to corner 40% of RIL's crude (at 500 kb/d) reqirement while acquiring only a 20% stake in RIL. For the latter, these additional supplies would also help offset the decline in procurement from other heavy sour producers, namely Iran and Venezuela. RIL in turn aims to increase its oil-to-chemicals ratio to more than 70% by gradually eliminating all road transportation fuels (gasoline, diesel) from Jamnagar’s refinery product slate.
8While the deal is a win-win one for both companies, there is now speculation over whether Saudi Aramco will hang on to the agreement with Indian public sector companies for a new 1.2 bbb/day refinery, with a prestigious Saudi publication now claiming that a delay in land acquisition and increase in costs may have promoted Saudi Aramco to look at "another alternative".
Comment: The question then is: If a suitable alternative has been found, will Saudi Arabia abandon its commitment to the new refinery? Does the kingdom under pressure from multiple directions, have the stomach for another big equity investment in India, now that the captive supply deal with RIL will enable it to become the biggest supplier of crude to India?
Click on Details for more Details
8While the deal is a win-win one for both companies, there is now speculation over whether Saudi Aramco will hang on to the agreement with Indian public sector companies for a new 1.2 bbb/day refinery, with a prestigious Saudi publication now claiming that a delay in land acquisition and increase in costs may have promoted Saudi Aramco to look at "another alternative".
Comment: The question then is: If a suitable alternative has been found, will Saudi Arabia abandon its commitment to the new refinery? Does the kingdom under pressure from multiple directions, have the stomach for another big equity investment in India, now that the captive supply deal with RIL will enable it to become the biggest supplier of crude to India?
Click on Details for more Details
RIL LNG volumes to fall to 5 mmscmd yet GSPL's transportation volumes are set to rise
Sep 23:
After a long period of uncertainty, RIL's LNG import volumes are rapidly failing.
8It is expected to be around 5 mmscmd in the second half of this year
8Yet the transporter of LNG, Gujarat State Petronet Ltd, is seeing a rise in volumes as the fall in RIL offtake is mitigated by rising demand from three different segments
Find out more Details
8It is expected to be around 5 mmscmd in the second half of this year
8Yet the transporter of LNG, Gujarat State Petronet Ltd, is seeing a rise in volumes as the fall in RIL offtake is mitigated by rising demand from three different segments
Find out more Details
LNG: Average prices in August lower than last year but still way too high
Sep 23:
Find out what is the average price of LNG paid by an Indian customer in the month of August
8How does it compare with August of last year
8And how does the August price stand up against he average price of 2018-19
8The average price is still significantly lower than the spot price of LNG, showing the preponderance of expensive long term LNG in India's import portfolio, prompting the govenrment to order renegotiation of contracts
Click on Details for more Details
8How does it compare with August of last year
8And how does the August price stand up against he average price of 2018-19
8The average price is still significantly lower than the spot price of LNG, showing the preponderance of expensive long term LNG in India's import portfolio, prompting the govenrment to order renegotiation of contracts
Click on Details for more Details
Rs 1120 crore offshore pipeline replacement: EPC next month
Sep 23:
This is a Rs 1120 offshore pipeline replacement project
8PMC has been hired
8EPC contractor RFQ expected next month
Click on Details for more. Details
8PMC has been hired
8EPC contractor RFQ expected next month
Click on Details for more. Details
Rs 300 crore product terminal: FEED RFQ by December
Sep 23:
It is a Rs 300 crore Common User Product Terminal Facility
8A tender for FEED is expected by December, 2019.
8Execution mode not decided yet
Click on Details for more Details
8A tender for FEED is expected by December, 2019.
8Execution mode not decided yet
Click on Details for more Details
ONGC awards Rs 100 crore premium drill bits contact
Sep 23:
It is a Rs 100 crore deal for premium dril bits
8Three contenders were in the race
Click on Details for more. Details
8Three contenders were in the race
Click on Details for more. Details
Rs 4300 crore development drilling programme: Opportunities ahead
Sep 23:
It is a massive Rs 4300 crore development drilling programme
The following opportunities are coming up
8RFQs for the hiring of an EIA consultant is expected by November 2019
8RFQs for charter hire of a drilling rig and a workover rig is expected by Q1 2020
8RFQs for other oil field related equipment is expected by Q1 2020
Click on Details for a full preview Details
The following opportunities are coming up
8RFQs for the hiring of an EIA consultant is expected by November 2019
8RFQs for charter hire of a drilling rig and a workover rig is expected by Q1 2020
8RFQs for other oil field related equipment is expected by Q1 2020
Click on Details for a full preview Details
DSF Round field: Workover job from October
Sep 23:
It is a small Rs 50 crore onshore field development of an DSF 2016 field
8Workover job is expected in October, initially with one well
8Gas supply deal is to be finalized this month
Click on Details for more Details
8Workover job is expected in October, initially with one well
8Gas supply deal is to be finalized this month
Click on Details for more Details
Software update: Fertilizer projects
Sep 23:
Ammonia Greenfield Project
8Cost - Rs 2773 crore
8Project Event: The project is waiting for environmental clearance. The company needs Rs 600 to 700 crore additional capex which is likely to be approved at the end of October 2019. The RFQ for the contractor is likely to be released at the end of October 2019. It was meant to be released in September earlier
Click here for more details
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: An amendment is ongoing in the NIT for LSTK contractor and is to be re-released in October 2019. Earlier RFQ did not elicit a good response, so the tender has been amended to attract bidders
Click here for more details
Available through www.indianfertilizer.com Details
8Cost - Rs 2773 crore
8Project Event: The project is waiting for environmental clearance. The company needs Rs 600 to 700 crore additional capex which is likely to be approved at the end of October 2019. The RFQ for the contractor is likely to be released at the end of October 2019. It was meant to be released in September earlier
Click here for more details
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: An amendment is ongoing in the NIT for LSTK contractor and is to be re-released in October 2019. Earlier RFQ did not elicit a good response, so the tender has been amended to attract bidders
Click here for more details
Available through www.indianfertilizer.com Details
India-funded oil refinery in Mongolia to be completed by 2022-end
Sep 23:
For reference purposes the website carries here the following tenders:
8Procurement of Hydrocarbon Valves Details
8Manufacturing and Supply of HP DEF in 20 Litre Packs Details
8Expression Of Interest for Supply of around 511 Crore Litres of Anhydrous Denatured Ethanol at Oil Marketing Companies Details
8Supply of various sizes of Ball valves for various LPG Plants Details
8Procurement of Check Valves Details
8ARC for anti foam for DCU as per specification Details
8Hiring of Consultancy Services for Performance Evaluation and Benchmarking for All Employee Welfare Trusts Details
8Hiring of services for supply & replacement of valves Details
8Hydro Testing of Pressure Vessels on rigs Details
8Procurement of Manila Rope Details
8Procurement of skid mounted chemical injection systems for B&S Asset Details
8Civil Works for GTC Rig Operations Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India shaken by Saudi attacks, but oil is in control Details
8IOC’s Loni terminal to be ready with BS-VI grade fuel by Feb 2020 Details
8Fuel prices hiked for fourth straight day; highest one-day increase since Budget 2019 Details
8PM Modi to meet BP, Exxon executives to discuss investment opportunities Details
8Petronet to sign $2.5 billion LNG deal with US developer Tellurian: Sources Details
8IOC eyes more US oil as India diversifies energy routes Details
8Modi's Houston visit may seal major energy deal Details
8India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan Details
8PM Modi meets CEOs from energy sector in US Details
8PM Modi's meeting with CEOs from energy sector 'fruitful': MEA Details
8'Howdy Houston', says PM Modi as he lands in energy capital Details
8Oil deals on cards involving energy PSUs during PM Modi's US visit Details
8Real crunch from Saudi Arabia's oil outage has yet to be felt Details
8Russia's Novak speaks to Saudi minister, says no change to oil deal Details
8Saudi attacks rattle shippers' plan to switch fuels Details
8Ukraine, Russia fail to reach gas deal for Europe but agree to meet again Details
8Shell, Exxon Mobil among groups to build 5 Pakistan LNG terminals Details
8Mideast tensions push oil prices toward biggest weekly gain in months Details
8Petronas to step up security after Saudi attacks, warns on oil price volatility Details
8Brazil's Petrobras confronts new foe: fuel thieves Details
You can also click on Newsclips for more Details
8Procurement of Hydrocarbon Valves Details
8Manufacturing and Supply of HP DEF in 20 Litre Packs Details
8Expression Of Interest for Supply of around 511 Crore Litres of Anhydrous Denatured Ethanol at Oil Marketing Companies Details
8Supply of various sizes of Ball valves for various LPG Plants Details
8Procurement of Check Valves Details
8ARC for anti foam for DCU as per specification Details
8Hiring of Consultancy Services for Performance Evaluation and Benchmarking for All Employee Welfare Trusts Details
8Hiring of services for supply & replacement of valves Details
8Hydro Testing of Pressure Vessels on rigs Details
8Procurement of Manila Rope Details
8Procurement of skid mounted chemical injection systems for B&S Asset Details
8Civil Works for GTC Rig Operations Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India shaken by Saudi attacks, but oil is in control Details
8IOC’s Loni terminal to be ready with BS-VI grade fuel by Feb 2020 Details
8Fuel prices hiked for fourth straight day; highest one-day increase since Budget 2019 Details
8PM Modi to meet BP, Exxon executives to discuss investment opportunities Details
8Petronet to sign $2.5 billion LNG deal with US developer Tellurian: Sources Details
8IOC eyes more US oil as India diversifies energy routes Details
8Modi's Houston visit may seal major energy deal Details
8India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan Details
8PM Modi meets CEOs from energy sector in US Details
8PM Modi's meeting with CEOs from energy sector 'fruitful': MEA Details
8'Howdy Houston', says PM Modi as he lands in energy capital Details
8Oil deals on cards involving energy PSUs during PM Modi's US visit Details
8Real crunch from Saudi Arabia's oil outage has yet to be felt Details
8Russia's Novak speaks to Saudi minister, says no change to oil deal Details
8Saudi attacks rattle shippers' plan to switch fuels Details
8Ukraine, Russia fail to reach gas deal for Europe but agree to meet again Details
8Shell, Exxon Mobil among groups to build 5 Pakistan LNG terminals Details
8Mideast tensions push oil prices toward biggest weekly gain in months Details
8Petronas to step up security after Saudi attacks, warns on oil price volatility Details
8Brazil's Petrobras confronts new foe: fuel thieves Details
You can also click on Newsclips for more Details
Long term gas prices: Efforts initiated to bring them down
Sep 20:
Efforts have been initiated within the government of India to whittle down the long term contract prices for gas.
8There is a clear change in the stand of the government from what it was earlier.
Click on Details for more Details
8There is a clear change in the stand of the government from what it was earlier.
Click on Details for more Details
Kakinada Greenfield Petrochemicals Complex: Update
Sep 20:
What is the latest on the Kakinada Greenfield Petrochemicals Complex?
8It was a JV between HPCL and GAIL
Find out the latest status Details
8It was a JV between HPCL and GAIL
Find out the latest status Details
ONGC awards seamless line pipe contract: Rs 110 crore order placed
Sep 20:
There were three bidders in the race
8A domestic manufacturer was selected as L-1
Click on Details for more Details
8A domestic manufacturer was selected as L-1
Click on Details for more Details
Offshore pipeline repair job: RFQ to be delayed
Sep 20:
Work was put on hold due to lack of internal sanctions.
8An RFQ is now expected in December, 2019
Click on details for more. Details
8An RFQ is now expected in December, 2019
Click on details for more. Details
Workover rig EOI gets good response but tender only in January, 2020
Sep 20:
The workover rig EOI elicited a good response from give leading industry players
8But the tender is expected only in January next year
Click on Details for more Details
8But the tender is expected only in January next year
Click on Details for more Details
ONGC's Jairampur Extension exploratory: Going as per schedule
Sep 20:
ONGC's Jairampur Extension exploratory drilling programme in Arunachal is going as scheduled
8Completion is expected in Q2, 2020
8A development plan will unfold subsequently
Click on Details for more Details
8Completion is expected in Q2, 2020
8A development plan will unfold subsequently
Click on Details for more Details
95% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank
Sep 20:
For reference purposes the website carries here the following tenders:
8Project Management Consultancy Services for execution of Rajasthan Refinery Project Details
8Supply of Allot Steel/ SS Pipe and Fittings Details
8Procurement of Mak Multiplex CS2 Grease Details
8Hot Tapping jobs at Refinery and Off Site Details
8Testing & Certification of EOT Crane, Hoist and Lifting Tools and Tackles Details
8Inspection & certification of Pressure vessels under GFR rules & PSVs under SMPV rules Details
8Deployment of IBR team at CPP for three years Details
8Hiring of Integrated Seismic Job Service and Shot Hole Drilling Services for 3D-3C Seismic Data Acquisition Details
8Supply of Water for Hydro Fracturing Jobs Details
8Procurement of Spares for HTC Compressor Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Uttarakhand: ONGC, THDC yet to pay taxes amounting to Rs 1,111 crore Details
8UP: IGL gets city gas licence for Hapur Details
8Fuel prices increase for the third straight day on Thursday Details
8Karnataka: Residents of Hubli, Dharwad to receive PNG connections this year Details
8Volatile oil prices potential risk to CAD: RBI Governor Details
8Sharp rise in crude oil prices impacts yarn cost in Surat Details
8Uttarakhand: ONGC, THDC record over Rs 1,112 crore dip in advance tax collection Details
8Saudi Oil Min assures Pradhan of meeting all supply commitments Details
895% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank Details
8Mitsui looks to sell 40% stake in Australian BassGas project Details
8OPINION: Saudi Arabia draws down oil stocks to maintain supply after attack Details
8IEX board approves setting up of gas exchange Details
8Impact of Saudi oil outage on crude, product markets Details
8China's top shale gas field Fuling to pump record 7 bcm in 2020 Details
8Eni, Total join for another gas search license off Cyprus Details
8Oil prices rise as Saudi supply risks come into focus Details
8Iran foreign minister warns of 'all-out war' if hit for Saudi attack Details
You can also click on Newsclips for more Details
8Project Management Consultancy Services for execution of Rajasthan Refinery Project Details
8Supply of Allot Steel/ SS Pipe and Fittings Details
8Procurement of Mak Multiplex CS2 Grease Details
8Hot Tapping jobs at Refinery and Off Site Details
8Testing & Certification of EOT Crane, Hoist and Lifting Tools and Tackles Details
8Inspection & certification of Pressure vessels under GFR rules & PSVs under SMPV rules Details
8Deployment of IBR team at CPP for three years Details
8Hiring of Integrated Seismic Job Service and Shot Hole Drilling Services for 3D-3C Seismic Data Acquisition Details
8Supply of Water for Hydro Fracturing Jobs Details
8Procurement of Spares for HTC Compressor Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Uttarakhand: ONGC, THDC yet to pay taxes amounting to Rs 1,111 crore Details
8UP: IGL gets city gas licence for Hapur Details
8Fuel prices increase for the third straight day on Thursday Details
8Karnataka: Residents of Hubli, Dharwad to receive PNG connections this year Details
8Volatile oil prices potential risk to CAD: RBI Governor Details
8Sharp rise in crude oil prices impacts yarn cost in Surat Details
8Uttarakhand: ONGC, THDC record over Rs 1,112 crore dip in advance tax collection Details
8Saudi Oil Min assures Pradhan of meeting all supply commitments Details
895% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank Details
8Mitsui looks to sell 40% stake in Australian BassGas project Details
8OPINION: Saudi Arabia draws down oil stocks to maintain supply after attack Details
8IEX board approves setting up of gas exchange Details
8Impact of Saudi oil outage on crude, product markets Details
8China's top shale gas field Fuling to pump record 7 bcm in 2020 Details
8Eni, Total join for another gas search license off Cyprus Details
8Oil prices rise as Saudi supply risks come into focus Details
8Iran foreign minister warns of 'all-out war' if hit for Saudi attack Details
You can also click on Newsclips for more Details
Software update: Fertilizer projects
Sep 20:
8Rs 481 crore Ammonia-Urea Energy Saving Project: Get a progress report on it, with commissioning set for February, 2020. Click here for more details
8Rs 75 crore SSP-Sulphuric Acid & NPK Fertilizer Expansion Project: Environment clearance delayed, RFQs delayed as a result Click here for more details
Available only through www.indianfertilizer.com. Details
8Rs 75 crore SSP-Sulphuric Acid & NPK Fertilizer Expansion Project: Environment clearance delayed, RFQs delayed as a result Click here for more details
Available only through www.indianfertilizer.com. Details
PLL's US deal: A full analysis
Sep 23:
Through a $2.5 billion equity deal last Friday in return for a lifetime offtake of 5 msmcmd of LNG from Tellurian's 16.6 MMTPA LNG terminal in the US, Petronet LNG Ltd (PLL) has suddenly transformed itself from a sleepy and safe toll player in the Indian regasification business into a global risk taker.
8Based on 5 million mt/year offtake, Petronet would be responsible for underwriting $5 billion of Tellurian's total project debt in the Driftwood LNG plant. That is a big exposure by any yardstick. In that sense, PLL's exposure to the project is higher than that of the promoters, as the latter have undertaken to offtake only 4 MMTPA of LNG.
8The equity investment against a life time of LNG offtake implies that the risk is front ended, and borne by the investor cum buyer. So far, only Total, with a balance sheet many times larger than PLL, has bought into the terminal with an offtake of 1 MMTPA, a fifth of what PLL is now committed to.
8A host of traders, including Vitol, has been offered similar deals but they are yet to make up their minds.
8Currently, gas-indexed LNG is far cheaper than oil indexed LNG that PLL processes via long term contacts in its LNG terminals but that may not always be the case. If peak oil happens in 2022 as predicted by some, the price of crude may fall far enough to make oil indexed LNG cheaper from countries such as Qatar in relation to LNG from the US, thereby forcing PLL to scout the global markets to sell its committed offtake in the years ahead, unless of course PLL can work out a back to back arrangement with Indian offtakers for Tellurain LNG in exactly the same terms and conditions as was finalized last Saturday, something that will be difficult to push through to price sensitive Indian clients.
8Willy nilly, PLL has to grow up quickly and acquire the depth and punch needed for an international trader to survive in the LNG business.
Click on Details for Details
8Based on 5 million mt/year offtake, Petronet would be responsible for underwriting $5 billion of Tellurian's total project debt in the Driftwood LNG plant. That is a big exposure by any yardstick. In that sense, PLL's exposure to the project is higher than that of the promoters, as the latter have undertaken to offtake only 4 MMTPA of LNG.
8The equity investment against a life time of LNG offtake implies that the risk is front ended, and borne by the investor cum buyer. So far, only Total, with a balance sheet many times larger than PLL, has bought into the terminal with an offtake of 1 MMTPA, a fifth of what PLL is now committed to.
8A host of traders, including Vitol, has been offered similar deals but they are yet to make up their minds.
8Currently, gas-indexed LNG is far cheaper than oil indexed LNG that PLL processes via long term contacts in its LNG terminals but that may not always be the case. If peak oil happens in 2022 as predicted by some, the price of crude may fall far enough to make oil indexed LNG cheaper from countries such as Qatar in relation to LNG from the US, thereby forcing PLL to scout the global markets to sell its committed offtake in the years ahead, unless of course PLL can work out a back to back arrangement with Indian offtakers for Tellurain LNG in exactly the same terms and conditions as was finalized last Saturday, something that will be difficult to push through to price sensitive Indian clients.
8Willy nilly, PLL has to grow up quickly and acquire the depth and punch needed for an international trader to survive in the LNG business.
Click on Details for Details
Tripling East West Pipeline's tariff rate: Regulator plans to do its own due diligence now
Sep 23:
The PNGRB seems to be finally following up on its promise to commit an internal investigation into its own fixing of the tariff rates for the Rs 17,240 crore East West Pipeline, which was sold by RIL to a Canadian super fund
8This follows the regulator's approval of a tripling of tariff rates for the pipeline a day before a deal was struck to sell it.
8The tariff hike had raised eyebrows when it was done
Click on Report & Details for more Details
8This follows the regulator's approval of a tripling of tariff rates for the pipeline a day before a deal was struck to sell it.
8The tariff hike had raised eyebrows when it was done
Click on Report & Details for more Details
RIL-Saudi Armaco deal: Is it at the cost of the new public sector refinery?
Sep 23:
The RIL-Saudi Aramco deal benefits both companies in a big way. It allows Saudi Armaco to corner 40% of RIL's crude (at 500 kb/d) reqirement while acquiring only a 20% stake in RIL. For the latter, these additional supplies would also help offset the decline in procurement from other heavy sour producers, namely Iran and Venezuela. RIL in turn aims to increase its oil-to-chemicals ratio to more than 70% by gradually eliminating all road transportation fuels (gasoline, diesel) from Jamnagar’s refinery product slate.
8While the deal is a win-win one for both companies, there is now speculation over whether Saudi Aramco will hang on to the agreement with Indian public sector companies for a new 1.2 bbb/day refinery, with a prestigious Saudi publication now claiming that a delay in land acquisition and increase in costs may have promoted Saudi Aramco to look at "another alternative".
Comment: The question then is: If a suitable alternative has been found, will Saudi Arabia abandon its commitment to the new refinery? Does the kingdom under pressure from multiple directions, have the stomach for another big equity investment in India, now that the captive supply deal with RIL will enable it to become the biggest supplier of crude to India?
Click on Details for more Details
8While the deal is a win-win one for both companies, there is now speculation over whether Saudi Aramco will hang on to the agreement with Indian public sector companies for a new 1.2 bbb/day refinery, with a prestigious Saudi publication now claiming that a delay in land acquisition and increase in costs may have promoted Saudi Aramco to look at "another alternative".
Comment: The question then is: If a suitable alternative has been found, will Saudi Arabia abandon its commitment to the new refinery? Does the kingdom under pressure from multiple directions, have the stomach for another big equity investment in India, now that the captive supply deal with RIL will enable it to become the biggest supplier of crude to India?
Click on Details for more Details
RIL LNG volumes to fall to 5 mmscmd yet GSPL's transportation volumes are set to rise
Sep 23:
After a long period of uncertainty, RIL's LNG import volumes are rapidly failing.
8It is expected to be around 5 mmscmd in the second half of this year
8Yet the transporter of LNG, Gujarat State Petronet Ltd, is seeing a rise in volumes as the fall in RIL offtake is mitigated by rising demand from three different segments
Find out more Details
8It is expected to be around 5 mmscmd in the second half of this year
8Yet the transporter of LNG, Gujarat State Petronet Ltd, is seeing a rise in volumes as the fall in RIL offtake is mitigated by rising demand from three different segments
Find out more Details
LNG: Average prices in August lower than last year but still way too high
Sep 23:
Find out what is the average price of LNG paid by an Indian customer in the month of August
8How does it compare with August of last year
8And how does the August price stand up against he average price of 2018-19
8The average price is still significantly lower than the spot price of LNG, showing the preponderance of expensive long term LNG in India's import portfolio, prompting the govenrment to order renegotiation of contracts
Click on Details for more Details
8How does it compare with August of last year
8And how does the August price stand up against he average price of 2018-19
8The average price is still significantly lower than the spot price of LNG, showing the preponderance of expensive long term LNG in India's import portfolio, prompting the govenrment to order renegotiation of contracts
Click on Details for more Details
Rs 1120 crore offshore pipeline replacement: EPC next month
Sep 23:
This is a Rs 1120 offshore pipeline replacement project
8PMC has been hired
8EPC contractor RFQ expected next month
Click on Details for more. Details
8PMC has been hired
8EPC contractor RFQ expected next month
Click on Details for more. Details
Rs 300 crore product terminal: FEED RFQ by December
Sep 23:
It is a Rs 300 crore Common User Product Terminal Facility
8A tender for FEED is expected by December, 2019.
8Execution mode not decided yet
Click on Details for more Details
8A tender for FEED is expected by December, 2019.
8Execution mode not decided yet
Click on Details for more Details
ONGC awards Rs 100 crore premium drill bits contact
Sep 23:
It is a Rs 100 crore deal for premium dril bits
8Three contenders were in the race
Click on Details for more. Details
8Three contenders were in the race
Click on Details for more. Details
Rs 4300 crore development drilling programme: Opportunities ahead
Sep 23:
It is a massive Rs 4300 crore development drilling programme
The following opportunities are coming up
8RFQs for the hiring of an EIA consultant is expected by November 2019
8RFQs for charter hire of a drilling rig and a workover rig is expected by Q1 2020
8RFQs for other oil field related equipment is expected by Q1 2020
Click on Details for a full preview Details
The following opportunities are coming up
8RFQs for the hiring of an EIA consultant is expected by November 2019
8RFQs for charter hire of a drilling rig and a workover rig is expected by Q1 2020
8RFQs for other oil field related equipment is expected by Q1 2020
Click on Details for a full preview Details
DSF Round field: Workover job from October
Sep 23:
It is a small Rs 50 crore onshore field development of an DSF 2016 field
8Workover job is expected in October, initially with one well
8Gas supply deal is to be finalized this month
Click on Details for more Details
8Workover job is expected in October, initially with one well
8Gas supply deal is to be finalized this month
Click on Details for more Details
Software update: Fertilizer projects
Sep 23:
Ammonia Greenfield Project
8Cost - Rs 2773 crore
8Project Event: The project is waiting for environmental clearance. The company needs Rs 600 to 700 crore additional capex which is likely to be approved at the end of October 2019. The RFQ for the contractor is likely to be released at the end of October 2019. It was meant to be released in September earlier
Click here for more details
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: An amendment is ongoing in the NIT for LSTK contractor and is to be re-released in October 2019. Earlier RFQ did not elicit a good response, so the tender has been amended to attract bidders
Click here for more details
Available through www.indianfertilizer.com Details
8Cost - Rs 2773 crore
8Project Event: The project is waiting for environmental clearance. The company needs Rs 600 to 700 crore additional capex which is likely to be approved at the end of October 2019. The RFQ for the contractor is likely to be released at the end of October 2019. It was meant to be released in September earlier
Click here for more details
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: An amendment is ongoing in the NIT for LSTK contractor and is to be re-released in October 2019. Earlier RFQ did not elicit a good response, so the tender has been amended to attract bidders
Click here for more details
Available through www.indianfertilizer.com Details
India-funded oil refinery in Mongolia to be completed by 2022-end
Sep 23:
For reference purposes the website carries here the following tenders:
8Procurement of Hydrocarbon Valves Details
8Manufacturing and Supply of HP DEF in 20 Litre Packs Details
8Expression Of Interest for Supply of around 511 Crore Litres of Anhydrous Denatured Ethanol at Oil Marketing Companies Details
8Supply of various sizes of Ball valves for various LPG Plants Details
8Procurement of Check Valves Details
8ARC for anti foam for DCU as per specification Details
8Hiring of Consultancy Services for Performance Evaluation and Benchmarking for All Employee Welfare Trusts Details
8Hiring of services for supply & replacement of valves Details
8Hydro Testing of Pressure Vessels on rigs Details
8Procurement of Manila Rope Details
8Procurement of skid mounted chemical injection systems for B&S Asset Details
8Civil Works for GTC Rig Operations Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India shaken by Saudi attacks, but oil is in control Details
8IOC’s Loni terminal to be ready with BS-VI grade fuel by Feb 2020 Details
8Fuel prices hiked for fourth straight day; highest one-day increase since Budget 2019 Details
8PM Modi to meet BP, Exxon executives to discuss investment opportunities Details
8Petronet to sign $2.5 billion LNG deal with US developer Tellurian: Sources Details
8IOC eyes more US oil as India diversifies energy routes Details
8Modi's Houston visit may seal major energy deal Details
8India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan Details
8PM Modi meets CEOs from energy sector in US Details
8PM Modi's meeting with CEOs from energy sector 'fruitful': MEA Details
8'Howdy Houston', says PM Modi as he lands in energy capital Details
8Oil deals on cards involving energy PSUs during PM Modi's US visit Details
8Real crunch from Saudi Arabia's oil outage has yet to be felt Details
8Russia's Novak speaks to Saudi minister, says no change to oil deal Details
8Saudi attacks rattle shippers' plan to switch fuels Details
8Ukraine, Russia fail to reach gas deal for Europe but agree to meet again Details
8Shell, Exxon Mobil among groups to build 5 Pakistan LNG terminals Details
8Mideast tensions push oil prices toward biggest weekly gain in months Details
8Petronas to step up security after Saudi attacks, warns on oil price volatility Details
8Brazil's Petrobras confronts new foe: fuel thieves Details
You can also click on Newsclips for more Details
8Procurement of Hydrocarbon Valves Details
8Manufacturing and Supply of HP DEF in 20 Litre Packs Details
8Expression Of Interest for Supply of around 511 Crore Litres of Anhydrous Denatured Ethanol at Oil Marketing Companies Details
8Supply of various sizes of Ball valves for various LPG Plants Details
8Procurement of Check Valves Details
8ARC for anti foam for DCU as per specification Details
8Hiring of Consultancy Services for Performance Evaluation and Benchmarking for All Employee Welfare Trusts Details
8Hiring of services for supply & replacement of valves Details
8Hydro Testing of Pressure Vessels on rigs Details
8Procurement of Manila Rope Details
8Procurement of skid mounted chemical injection systems for B&S Asset Details
8Civil Works for GTC Rig Operations Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India shaken by Saudi attacks, but oil is in control Details
8IOC’s Loni terminal to be ready with BS-VI grade fuel by Feb 2020 Details
8Fuel prices hiked for fourth straight day; highest one-day increase since Budget 2019 Details
8PM Modi to meet BP, Exxon executives to discuss investment opportunities Details
8Petronet to sign $2.5 billion LNG deal with US developer Tellurian: Sources Details
8IOC eyes more US oil as India diversifies energy routes Details
8Modi's Houston visit may seal major energy deal Details
8India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan Details
8PM Modi meets CEOs from energy sector in US Details
8PM Modi's meeting with CEOs from energy sector 'fruitful': MEA Details
8'Howdy Houston', says PM Modi as he lands in energy capital Details
8Oil deals on cards involving energy PSUs during PM Modi's US visit Details
8Real crunch from Saudi Arabia's oil outage has yet to be felt Details
8Russia's Novak speaks to Saudi minister, says no change to oil deal Details
8Saudi attacks rattle shippers' plan to switch fuels Details
8Ukraine, Russia fail to reach gas deal for Europe but agree to meet again Details
8Shell, Exxon Mobil among groups to build 5 Pakistan LNG terminals Details
8Mideast tensions push oil prices toward biggest weekly gain in months Details
8Petronas to step up security after Saudi attacks, warns on oil price volatility Details
8Brazil's Petrobras confronts new foe: fuel thieves Details
You can also click on Newsclips for more Details
Long term gas prices: Efforts initiated to bring them down
Sep 20:
Efforts have been initiated within the government of India to whittle down the long term contract prices for gas.
8There is a clear change in the stand of the government from what it was earlier.
Click on Details for more Details
8There is a clear change in the stand of the government from what it was earlier.
Click on Details for more Details
Kakinada Greenfield Petrochemicals Complex: Update
Sep 20:
What is the latest on the Kakinada Greenfield Petrochemicals Complex?
8It was a JV between HPCL and GAIL
Find out the latest status Details
8It was a JV between HPCL and GAIL
Find out the latest status Details
ONGC awards seamless line pipe contract: Rs 110 crore order placed
Sep 20:
There were three bidders in the race
8A domestic manufacturer was selected as L-1
Click on Details for more Details
8A domestic manufacturer was selected as L-1
Click on Details for more Details
Offshore pipeline repair job: RFQ to be delayed
Sep 20:
Work was put on hold due to lack of internal sanctions.
8An RFQ is now expected in December, 2019
Click on details for more. Details
8An RFQ is now expected in December, 2019
Click on details for more. Details
Workover rig EOI gets good response but tender only in January, 2020
Sep 20:
The workover rig EOI elicited a good response from give leading industry players
8But the tender is expected only in January next year
Click on Details for more Details
8But the tender is expected only in January next year
Click on Details for more Details
ONGC's Jairampur Extension exploratory: Going as per schedule
Sep 20:
ONGC's Jairampur Extension exploratory drilling programme in Arunachal is going as scheduled
8Completion is expected in Q2, 2020
8A development plan will unfold subsequently
Click on Details for more Details
8Completion is expected in Q2, 2020
8A development plan will unfold subsequently
Click on Details for more Details
95% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank
Sep 20:
For reference purposes the website carries here the following tenders:
8Project Management Consultancy Services for execution of Rajasthan Refinery Project Details
8Supply of Allot Steel/ SS Pipe and Fittings Details
8Procurement of Mak Multiplex CS2 Grease Details
8Hot Tapping jobs at Refinery and Off Site Details
8Testing & Certification of EOT Crane, Hoist and Lifting Tools and Tackles Details
8Inspection & certification of Pressure vessels under GFR rules & PSVs under SMPV rules Details
8Deployment of IBR team at CPP for three years Details
8Hiring of Integrated Seismic Job Service and Shot Hole Drilling Services for 3D-3C Seismic Data Acquisition Details
8Supply of Water for Hydro Fracturing Jobs Details
8Procurement of Spares for HTC Compressor Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Uttarakhand: ONGC, THDC yet to pay taxes amounting to Rs 1,111 crore Details
8UP: IGL gets city gas licence for Hapur Details
8Fuel prices increase for the third straight day on Thursday Details
8Karnataka: Residents of Hubli, Dharwad to receive PNG connections this year Details
8Volatile oil prices potential risk to CAD: RBI Governor Details
8Sharp rise in crude oil prices impacts yarn cost in Surat Details
8Uttarakhand: ONGC, THDC record over Rs 1,112 crore dip in advance tax collection Details
8Saudi Oil Min assures Pradhan of meeting all supply commitments Details
895% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank Details
8Mitsui looks to sell 40% stake in Australian BassGas project Details
8OPINION: Saudi Arabia draws down oil stocks to maintain supply after attack Details
8IEX board approves setting up of gas exchange Details
8Impact of Saudi oil outage on crude, product markets Details
8China's top shale gas field Fuling to pump record 7 bcm in 2020 Details
8Eni, Total join for another gas search license off Cyprus Details
8Oil prices rise as Saudi supply risks come into focus Details
8Iran foreign minister warns of 'all-out war' if hit for Saudi attack Details
You can also click on Newsclips for more Details
8Project Management Consultancy Services for execution of Rajasthan Refinery Project Details
8Supply of Allot Steel/ SS Pipe and Fittings Details
8Procurement of Mak Multiplex CS2 Grease Details
8Hot Tapping jobs at Refinery and Off Site Details
8Testing & Certification of EOT Crane, Hoist and Lifting Tools and Tackles Details
8Inspection & certification of Pressure vessels under GFR rules & PSVs under SMPV rules Details
8Deployment of IBR team at CPP for three years Details
8Hiring of Integrated Seismic Job Service and Shot Hole Drilling Services for 3D-3C Seismic Data Acquisition Details
8Supply of Water for Hydro Fracturing Jobs Details
8Procurement of Spares for HTC Compressor Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Uttarakhand: ONGC, THDC yet to pay taxes amounting to Rs 1,111 crore Details
8UP: IGL gets city gas licence for Hapur Details
8Fuel prices increase for the third straight day on Thursday Details
8Karnataka: Residents of Hubli, Dharwad to receive PNG connections this year Details
8Volatile oil prices potential risk to CAD: RBI Governor Details
8Sharp rise in crude oil prices impacts yarn cost in Surat Details
8Uttarakhand: ONGC, THDC record over Rs 1,112 crore dip in advance tax collection Details
8Saudi Oil Min assures Pradhan of meeting all supply commitments Details
895% coal, oil-driven industries switched to CNG in 3 months: Delhi govt think tank Details
8Mitsui looks to sell 40% stake in Australian BassGas project Details
8OPINION: Saudi Arabia draws down oil stocks to maintain supply after attack Details
8IEX board approves setting up of gas exchange Details
8Impact of Saudi oil outage on crude, product markets Details
8China's top shale gas field Fuling to pump record 7 bcm in 2020 Details
8Eni, Total join for another gas search license off Cyprus Details
8Oil prices rise as Saudi supply risks come into focus Details
8Iran foreign minister warns of 'all-out war' if hit for Saudi attack Details
You can also click on Newsclips for more Details
Software update: Fertilizer projects
Sep 20:
8Rs 481 crore Ammonia-Urea Energy Saving Project: Get a progress report on it, with commissioning set for February, 2020. Click here for more details
8Rs 75 crore SSP-Sulphuric Acid & NPK Fertilizer Expansion Project: Environment clearance delayed, RFQs delayed as a result Click here for more details
Available only through www.indianfertilizer.com. Details
8Rs 75 crore SSP-Sulphuric Acid & NPK Fertilizer Expansion Project: Environment clearance delayed, RFQs delayed as a result Click here for more details
Available only through www.indianfertilizer.com. Details
- Sep 19: Mecon: A trusted name:Details
- Sep 19: Baker Hughes to use 12.3 km umbilical for first gas out of KG-DWN-98/2:Details
- Sep 19: Hit by slowdown, industry body seeks renegotiation of Qatar LNG contract:Details
- Sep 19: Rs 2000 crore continuous polymerization textile project: IOC makes progress:Details
- Sep 19: Software update: Fertilizer projects:Details
- Sep 19: Seismic data processing contract awarded:Details
