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FPSO for KG-DWN-98/2: ONGC finds itself in a corner.  New LNG terminals will find the going hard.  Greenfield Residue Up-gradation Unit: RFQ for the technology licensor is expected by May 2019.  Production Enhancement Contracts-I: Service companies may become the biggest investors in Indian E&P.  Production Enhancement Contracts-II: Service companies are not all that excited either .  Engineering consultancy: Lots of jobs but returns are getting squeezed.  DSF-II Round: Who could be the likely winners?.  IOC will now become a textile manufacturer.  How to make a low cost MOPU.  People movement.  IOC is one of the largest manufacturers of cryogenic vessels.  27-rig onland tender: What is next.  IOC's LNG play: Emerging from the shadows.  ATF pipelines to airports: Should they be captive or common carrier?.  Price bid for Rs 4750 coal gasification project to be opened on February 28.  AA-ONHP-2017/12 Block Exploration: Data acquisition consultant in April.  Government asks ONGC, OIL to sell out 66 fields to private firms.  Rs 300 crore Greenfield POL Terminal Project: RFQ for the EIA consultant is expected by April 2019.  Jackup rig tender: Turning out to be a bit of farce.  Power projects: Track out the latest progress.  

FPSO for KG-DWN-98/2: ONGC finds itself in a corner

Feb 22: The last bids have come in for the FPSO tender for the KG-DWN-98/2 this week.
8And the results are a surprise and not what ONGC would have ordinarily wanted. In fact, the public sector E&P major seems to be finding itself in a bit of a corner.
8According to well-placed industry sources, the entire selection process is expected to be the subject of intense scrutiny at some point in time
Click on Details for more
Details

New LNG terminals will find the going hard

Feb 22: With a number of LNG terminals now coming up, the terminal utilization rate is expected to fall dramatically going ahead.
8Estimates show that LNG offtake will grow at a significantly slower pace than regasification capacity in the next four years.
8Since the Dahej utilization rate is projected at 100%, new facilities will have to do with much lower utilization rate than what the average utilization rate seems to be suggesting.
8A slow rise in demand for LNG in the face of rising domestic output is one of the primary reason for for low capacity utilization
8Also get a projection of how LNG prices are going to behave going ahead
Click on Reports for more Details

Greenfield Residue Up-gradation Unit: RFQ for the technology licensor is expected by May 2019

Feb 22: 8Project Name: Greenfield Residue Up-gradation Unit
8Project Cost: Rs 6877 crore
8Project Description: Engineers India Limited as an EPCM contractor to install a new hydrogen-based residue up-gradation unit worked on Ebullated bed Hydrocracking technology or Slurry bed hydrocracking technology with a capacity of 1.81 MMTPA along with the auxiliary units in its existing Mumbai refinery. Currently, the project is in the planning stage and Engineers India Limited is appointed as a DFR consultant. This project can improve refinery profitability by maximizing distillate yields, reducing the production of fuel oil and going for zero export naphtha production by using Hydrogen Based Bottoms Upgradation facilities.
8Project Event: RFQ for the technology licensor is expected by May 2019.
8Expenditure Approval: Q2:2018
8RFQ Date: May/2019
8Release Date: May/2019
8Start Date: Q3:2019
8Completion Date: Q3:2022
Click here for more details
Details

Production Enhancement Contracts-I: Service companies may become the biggest investors in Indian E&P

Feb 22: After the big investments by Cairn India and BP, the next round of big money in the E&P sector may well come in not from oilfield owners but from service companies of the likes of Schlumberger, Halliburton and Baker Hughes.
8One such company is reported to be willing to invest more than a billion dollars for a field under a service contract with ONGC. Clearly what the fields have to offer is something indeed quite valuable for a service provider to put up that kind of money.
Click on Details for more Details

Production Enhancement Contracts-II: Service companies are not all that excited either

Feb 22: There is a lot of controversy over the Production Enhancement Contract that ONGC and OIL are planning to work out with specialist service companies such as Schlumberger, Halliburton and Baker Hughes.
8Trade unions are already up in arms, claiming that such contracts are a sell out of national assets to multinationals. The government and the top brass of these companies see it as an attempt to push ageing oil fields out of the stranglehold the ONGC bureaucracy and into the hands of service companies who can bring in money and new technology to push their recovery rates higher.
8Depending upon the view you take, the glass is either half empty or half full.
8In this melee, no one seems to be interested in what the service companies are thinking. Are they all equally excited about the prospects on offer? 
Click on Details for more Details

Engineering consultancy: Lots of jobs but returns are getting squeezed

Feb 22: 8Engineering service consultancy is not an easy job in India even if you have a great brandname
 -- Tractebel India Engineering Pvt Ltd is a fine company with strong parents (ENGIE SA). But the Indian market is turning out to be not that easy as intense competition drives down rates.
 -- The size of the receivables has gone up, while margins remain under squeeze, forcing the need for higher borrowings.
--  Clearly, engineering service consultancy is not an easy job in India. Click on Reports for more Details

DSF-II Round: Who could be the likely winners?

Feb 22: The DSF-II Round saw a large number of bids
8But are the winners known faces or are they an unconventional lot?
Click on Details for more
Details

IOC will now become a textile manufacturer

Feb 22: Find out more on why Indian Oil Corporation is moving into the manufacture of textiles
8Clearly because it is finding it more lucrative to do value addition itself
Click on Reports to find out more Details

How to make a low cost MOPU

Feb 22: How do you make a low-cost MOPU?
8By converting an about-to-be-shelved jackup rig, picked up at a low price, and sending it for conversion to a pre-identified identified shipyard
8While ONGC tendering process allows for experienced players to bid, the price tag of a MOPU flares up in the process.
8But when an enterprising private company is looking for a MOPU, it seems to know pretty well how to keep the price tag down
Click on Details for more Details

People movement

Feb 22: 8Hunt initiated to find successor for OIL CMD
8Find out who is likely to be the next ONGC director exploration?
8Then again, who is likely to be IOC's director refineries?
8What about the OVL boss, who is it going to be?
8Who are in the race to replace Rupshikha Bora in OIL?
8Why was IOC's finance director rehired after he had retired? Details

IOC is one of the largest manufacturers of cryogenic vessels

Feb 22: 8IOC is one of the largest manufacturers of cryogenic vessels in India
 -- A wide range of super insulated cryogenic products are also available for all kinds of usage, and not necessarily in the oil & gas business
 -- Find out how IOC decided to make a business venture out of its cryogenic vessel manufacturing capacity. Click on Reports for more Details

27-rig onland tender: What is next

Feb 22: What is the latest on the 27 onland rig tender floated by ONGC
8Three consortiums were shortlisted
8When are the price bids likely to be opened?
8What kind of prices are likely to be elicited?
Click on Details for more Details

IOC's LNG play: Emerging from the shadows

Feb 22: IOC is slowly emerging into a big multi-channel LNG player
8With the commissioning of its LNG terminals, the company is unleashing new programmes to reach LNG to customers
Click on Reports for more Details

ATF pipelines to airports: Should they be captive or common carrier?

Feb 22: ATF pipelines to airports are always a battleground for those who want to access the lucrative market but does not have the network to do so and those who own them but are refusing to give in.
8An interesting battle is emerging over whether these pipelines should be dubbed captive or common carrier
Click on Reports for more Details

Price bid for Rs 4750 coal gasification project to be opened on February 28

Feb 22: Coal Gasification Unit Greenfield Project
8Cost - Rs 4750 crore
8Project Event: The tender for LSTK contractor has been released and L&T, Tata Project, Wuhuan Engineering and one other Chines Companies are in the race of LSTK contractor. the technical evaluation is completed, price bid for the LSTK contractor will be opened on 25 February 2019. it is likely to be finalized in May 2019.
Click here for more details
Ammonia-Urea Brownfield Project  
8Cost - Rs 6000 crore
8Project Event: The technical evaluation of bidder for EPC contractor is ongoing, it is likely to be completed in February 2019 and Price bid is likely to be opened in March 2019.
Click here for more details
Details

AA-ONHP-2017/12 Block Exploration: Data acquisition consultant in April

Feb 22: 8Project Name: AA-ONHP-2017/12 Block Exploration
8Project Cost: Rs 500 crore
8Project Description: Oil India Limited has extended the bid submission dates for the hiring of seismic survey services after revising the Bid Eligibility Criterion.
8Next Event: RFQ for hiring consultant for data acquisition and analysis is expected by April 2019
8Completion Date: Q4/2025
Click here for more details, including key contacts
   Details

Government asks ONGC, OIL to sell out 66 fields to private firms

Feb 22: For reference purposes the website carries here the following tenders:
8
Supply of 456 MT of Caustic Soda Lye Details
8Procurement of mud handling equipments Details
8Hiring the services of turnkey transportation of Drilling Rigs Details
8Hiring of Unskilled or Semi Skilled Manpower for Casual Work Details
8Hiring of Vehicles for Regular and Continuous use for GAIL Kailaras Region Details
8Civil and Structural Work at Vizag LPG Plant Details
8Replacement of hot end baskets and cold end baskets of Rotary Air-preheater of CPP-3 utility boilers Details
8Supply of Liquid cum Gas Nitrogen Details
8Supply of crane operators Details
8Shifting and conversion of 22KV Overhead line to underground cable Details
8Rate Contract for Third Party Inspection Services Details
8Corrigendum: Consultant Selection for Preparation of DFR for Setting up Crude Oil Blending Facility Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
BRIEF: India will lay 2,000 Km LPG pipeline costing Rs 9,000 cr - Pradhan Details
8Cost of petrol cars to rise 10-15 per cent on BS-VI fuel rollout next fiscal Details
8Government asks ONGC, OIL to sell out 66 fields to private firms Details

8Government offers royalty sops to boost oil & gas output Details

8Indonesia offers five oil and gas blocks, including three greenfields Details
8Australia's east coast LNG plants unlikely to ever hit full capacity -study Details
8Shell, PetroChina spat holds up Australia's biggest coal seam gas project Details
8Russia's Gazprom Neft expects oil output to rise 2 per cent in 2019 Details

8Equinor changing gas trading strategy to focus on short-term prices Details
8Bangladesh PM's office revives Swiss trader AOT's LNG supply deal Details
8COLUMN-Oil traders bet on Saudi Arabia and White House lifting prices: Kemp Details
8Exclusive: Nigeria hits foreign oil majors with billions in back taxes Details

8Colombia hopes auction of 20 blocks will add 1 bln barrels to oil reserves Details
8Oil price dips as U.S. crude output hits record 12 mln barrels per day Details
You can also click on Newsclips for more   Details

Rs 300 crore Greenfield POL Terminal Project: RFQ for the EIA consultant is expected by April 2019

Feb 22: 8Project Name:Greenfield POL Terminal Project
8Project Cost: Rs 300 crore
8Project Description: The owner is planning to construct a greenfield POL terminal by installing 23 tanks for a storage capacity of 74,100 KL at Visakhapatnam, Andhra Pradesh. MECON Limited was hired as a PFR consultant for preparing the Pre-feasibility report. Further RFQs are expected soon. RFQ for the surveying work has already come out. Further RFQs are expected soon.
8Project Event: RFQ for the EIA consultant is expected by April 2019.
 8Completion Date: Q2:2021
Click here for more details

8An operation and maintenance contract is coming up
It is for a compressor station
Click on Details for more
Details

Jackup rig tender: Turning out to be a bit of farce

Feb 22: The second part of the nine-rig tender for jackup rigs is turning to be a bit of a farce, it seems
8After a merry-go-round, it is all back to square one.
Click on Details for more Details

Power projects: Track out the latest progress

Feb 22: Project Name:  Thermal Power Project
8Project Cost: 9000 crores
8Project Description: A major thermal power project has faced a time overrun of 60 months. But, as of now, it is on track.
8The project is expected to get commission by the end of 2019.
8BHEL is the BTG contractor.
8Who are the major contractors and sub-contractors involved
8What kind of RFQs are still to come
Find out more along with the key contacts
Click here for more details

Project Name: Greenfield Super Thermal Power Project
8Project Cost: 15000 crores
8Project Description: BHEL and along with sub-contractors is at the pre-commissioning stage to commission one of the units in a super-critical thermal power project.
8But, still a lot of work in the balance of plant area is left behind.
8L&T is the FGD EPC contractor
Find out the RFQs that are expected
Click here for more details
Details

FPSO for KG-DWN-98/2: ONGC finds itself in a corner

Feb 22: The last bids have come in for the FPSO tender for the KG-DWN-98/2 this week.
8And the results are a surprise and not what ONGC would have ordinarily wanted. In fact, the public sector E&P major seems to be finding itself in a bit of a corner.
8According to well-placed industry sources, the entire selection process is expected to be the subject of intense scrutiny at some point in time
Click on Details for more
Details

New LNG terminals will find the going hard

Feb 22: With a number of LNG terminals now coming up, the terminal utilization rate is expected to fall dramatically going ahead.
8Estimates show that LNG offtake will grow at a significantly slower pace than regasification capacity in the next four years.
8Since the Dahej utilization rate is projected at 100%, new facilities will have to do with much lower utilization rate than what the average utilization rate seems to be suggesting.
8A slow rise in demand for LNG in the face of rising domestic output is one of the primary reason for for low capacity utilization
8Also get a projection of how LNG prices are going to behave going ahead
Click on Reports for more Details

Greenfield Residue Up-gradation Unit: RFQ for the technology licensor is expected by May 2019

Feb 22: 8Project Name: Greenfield Residue Up-gradation Unit
8Project Cost: Rs 6877 crore
8Project Description: Engineers India Limited as an EPCM contractor to install a new hydrogen-based residue up-gradation unit worked on Ebullated bed Hydrocracking technology or Slurry bed hydrocracking technology with a capacity of 1.81 MMTPA along with the auxiliary units in its existing Mumbai refinery. Currently, the project is in the planning stage and Engineers India Limited is appointed as a DFR consultant. This project can improve refinery profitability by maximizing distillate yields, reducing the production of fuel oil and going for zero export naphtha production by using Hydrogen Based Bottoms Upgradation facilities.
8Project Event: RFQ for the technology licensor is expected by May 2019.
8Expenditure Approval: Q2:2018
8RFQ Date: May/2019
8Release Date: May/2019
8Start Date: Q3:2019
8Completion Date: Q3:2022
Click here for more details
Details

Production Enhancement Contracts-I: Service companies may become the biggest investors in Indian E&P

Feb 22: After the big investments by Cairn India and BP, the next round of big money in the E&P sector may well come in not from oilfield owners but from service companies of the likes of Schlumberger, Halliburton and Baker Hughes.
8One such company is reported to be willing to invest more than a billion dollars for a field under a service contract with ONGC. Clearly what the fields have to offer is something indeed quite valuable for a service provider to put up that kind of money.
Click on Details for more Details

Production Enhancement Contracts-II: Service companies are not all that excited either

Feb 22: There is a lot of controversy over the Production Enhancement Contract that ONGC and OIL are planning to work out with specialist service companies such as Schlumberger, Halliburton and Baker Hughes.
8Trade unions are already up in arms, claiming that such contracts are a sell out of national assets to multinationals. The government and the top brass of these companies see it as an attempt to push ageing oil fields out of the stranglehold the ONGC bureaucracy and into the hands of service companies who can bring in money and new technology to push their recovery rates higher.
8Depending upon the view you take, the glass is either half empty or half full.
8In this melee, no one seems to be interested in what the service companies are thinking. Are they all equally excited about the prospects on offer? 
Click on Details for more Details

Engineering consultancy: Lots of jobs but returns are getting squeezed

Feb 22: 8Engineering service consultancy is not an easy job in India even if you have a great brandname
 -- Tractebel India Engineering Pvt Ltd is a fine company with strong parents (ENGIE SA). But the Indian market is turning out to be not that easy as intense competition drives down rates.
 -- The size of the receivables has gone up, while margins remain under squeeze, forcing the need for higher borrowings.
--  Clearly, engineering service consultancy is not an easy job in India. Click on Reports for more Details

DSF-II Round: Who could be the likely winners?

Feb 22: The DSF-II Round saw a large number of bids
8But are the winners known faces or are they an unconventional lot?
Click on Details for more
Details

IOC will now become a textile manufacturer

Feb 22: Find out more on why Indian Oil Corporation is moving into the manufacture of textiles
8Clearly because it is finding it more lucrative to do value addition itself
Click on Reports to find out more Details

How to make a low cost MOPU

Feb 22: How do you make a low-cost MOPU?
8By converting an about-to-be-shelved jackup rig, picked up at a low price, and sending it for conversion to a pre-identified identified shipyard
8While ONGC tendering process allows for experienced players to bid, the price tag of a MOPU flares up in the process.
8But when an enterprising private company is looking for a MOPU, it seems to know pretty well how to keep the price tag down
Click on Details for more Details

People movement

Feb 22: 8Hunt initiated to find successor for OIL CMD
8Find out who is likely to be the next ONGC director exploration?
8Then again, who is likely to be IOC's director refineries?
8What about the OVL boss, who is it going to be?
8Who are in the race to replace Rupshikha Bora in OIL?
8Why was IOC's finance director rehired after he had retired? Details

IOC is one of the largest manufacturers of cryogenic vessels

Feb 22: 8IOC is one of the largest manufacturers of cryogenic vessels in India
 -- A wide range of super insulated cryogenic products are also available for all kinds of usage, and not necessarily in the oil & gas business
 -- Find out how IOC decided to make a business venture out of its cryogenic vessel manufacturing capacity. Click on Reports for more Details

27-rig onland tender: What is next

Feb 22: What is the latest on the 27 onland rig tender floated by ONGC
8Three consortiums were shortlisted
8When are the price bids likely to be opened?
8What kind of prices are likely to be elicited?
Click on Details for more Details

IOC's LNG play: Emerging from the shadows

Feb 22: IOC is slowly emerging into a big multi-channel LNG player
8With the commissioning of its LNG terminals, the company is unleashing new programmes to reach LNG to customers
Click on Reports for more Details

ATF pipelines to airports: Should they be captive or common carrier?

Feb 22: ATF pipelines to airports are always a battleground for those who want to access the lucrative market but does not have the network to do so and those who own them but are refusing to give in.
8An interesting battle is emerging over whether these pipelines should be dubbed captive or common carrier
Click on Reports for more Details

Price bid for Rs 4750 coal gasification project to be opened on February 28

Feb 22: Coal Gasification Unit Greenfield Project
8Cost - Rs 4750 crore
8Project Event: The tender for LSTK contractor has been released and L&T, Tata Project, Wuhuan Engineering and one other Chines Companies are in the race of LSTK contractor. the technical evaluation is completed, price bid for the LSTK contractor will be opened on 25 February 2019. it is likely to be finalized in May 2019.
Click here for more details
Ammonia-Urea Brownfield Project  
8Cost - Rs 6000 crore
8Project Event: The technical evaluation of bidder for EPC contractor is ongoing, it is likely to be completed in February 2019 and Price bid is likely to be opened in March 2019.
Click here for more details
Details

AA-ONHP-2017/12 Block Exploration: Data acquisition consultant in April

Feb 22: 8Project Name: AA-ONHP-2017/12 Block Exploration
8Project Cost: Rs 500 crore
8Project Description: Oil India Limited has extended the bid submission dates for the hiring of seismic survey services after revising the Bid Eligibility Criterion.
8Next Event: RFQ for hiring consultant for data acquisition and analysis is expected by April 2019
8Completion Date: Q4/2025
Click here for more details, including key contacts
   Details

Government asks ONGC, OIL to sell out 66 fields to private firms

Feb 22: For reference purposes the website carries here the following tenders:
8
Supply of 456 MT of Caustic Soda Lye Details
8Procurement of mud handling equipments Details
8Hiring the services of turnkey transportation of Drilling Rigs Details
8Hiring of Unskilled or Semi Skilled Manpower for Casual Work Details
8Hiring of Vehicles for Regular and Continuous use for GAIL Kailaras Region Details
8Civil and Structural Work at Vizag LPG Plant Details
8Replacement of hot end baskets and cold end baskets of Rotary Air-preheater of CPP-3 utility boilers Details
8Supply of Liquid cum Gas Nitrogen Details
8Supply of crane operators Details
8Shifting and conversion of 22KV Overhead line to underground cable Details
8Rate Contract for Third Party Inspection Services Details
8Corrigendum: Consultant Selection for Preparation of DFR for Setting up Crude Oil Blending Facility Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
BRIEF: India will lay 2,000 Km LPG pipeline costing Rs 9,000 cr - Pradhan Details
8Cost of petrol cars to rise 10-15 per cent on BS-VI fuel rollout next fiscal Details
8Government asks ONGC, OIL to sell out 66 fields to private firms Details

8Government offers royalty sops to boost oil & gas output Details

8Indonesia offers five oil and gas blocks, including three greenfields Details
8Australia's east coast LNG plants unlikely to ever hit full capacity -study Details
8Shell, PetroChina spat holds up Australia's biggest coal seam gas project Details
8Russia's Gazprom Neft expects oil output to rise 2 per cent in 2019 Details

8Equinor changing gas trading strategy to focus on short-term prices Details
8Bangladesh PM's office revives Swiss trader AOT's LNG supply deal Details
8COLUMN-Oil traders bet on Saudi Arabia and White House lifting prices: Kemp Details
8Exclusive: Nigeria hits foreign oil majors with billions in back taxes Details

8Colombia hopes auction of 20 blocks will add 1 bln barrels to oil reserves Details
8Oil price dips as U.S. crude output hits record 12 mln barrels per day Details
You can also click on Newsclips for more   Details

Rs 300 crore Greenfield POL Terminal Project: RFQ for the EIA consultant is expected by April 2019

Feb 22: 8Project Name:Greenfield POL Terminal Project
8Project Cost: Rs 300 crore
8Project Description: The owner is planning to construct a greenfield POL terminal by installing 23 tanks for a storage capacity of 74,100 KL at Visakhapatnam, Andhra Pradesh. MECON Limited was hired as a PFR consultant for preparing the Pre-feasibility report. Further RFQs are expected soon. RFQ for the surveying work has already come out. Further RFQs are expected soon.
8Project Event: RFQ for the EIA consultant is expected by April 2019.
 8Completion Date: Q2:2021
Click here for more details

8An operation and maintenance contract is coming up
It is for a compressor station
Click on Details for more
Details

Jackup rig tender: Turning out to be a bit of farce

Feb 22: The second part of the nine-rig tender for jackup rigs is turning to be a bit of a farce, it seems
8After a merry-go-round, it is all back to square one.
Click on Details for more Details

Power projects: Track out the latest progress

Feb 22: Project Name:  Thermal Power Project
8Project Cost: 9000 crores
8Project Description: A major thermal power project has faced a time overrun of 60 months. But, as of now, it is on track.
8The project is expected to get commission by the end of 2019.
8BHEL is the BTG contractor.
8Who are the major contractors and sub-contractors involved
8What kind of RFQs are still to come
Find out more along with the key contacts
Click here for more details

Project Name: Greenfield Super Thermal Power Project
8Project Cost: 15000 crores
8Project Description: BHEL and along with sub-contractors is at the pre-commissioning stage to commission one of the units in a super-critical thermal power project.
8But, still a lot of work in the balance of plant area is left behind.
8L&T is the FGD EPC contractor
Find out the RFQs that are expected
Click here for more details
Details
  • Feb 21: Our Briefs:Details
  • Feb 21: Software updates: Fertilizer projects:Details
  • Feb 21: Power Sector: Latest project news:Details
  • Feb 21: Captive power: Can some of it shift to gas?:Details
  • Feb 21: Numaligarh refinery expansion: What is next:Details
  • Feb 21: Mahul Refinery Petro-Resid Fludizied Catalytic Cracker Greenfield Unit: Know more:Details