Jan 23: December 2018 saw an average price of $10.6/mmbtu, almost a dollar higher than the price in December, 2017
8Consumption was up in December, 2018 but only  by 4.7%
8For April-December, 2017-18 however, the average price was much lower at $7.6/mmbtu as compared to $10.2/mmbtu for the same period in 2018-19
8Yet offtake was higher by 7.7%
8So the lower offtake in December was not entirely on account of the gas price differential but on account of economic factors that kept demand down.
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Jan 23: Five years is a long time, and one significant failure of the Modi government was its inability so shore up oil & gas production in this period
8The latest data shows domestic crude oil and condensate production during December 2018 was lower by 4.3% than that of December 2017.
8Similarly, the cumulative gross production of natural gas of 24650.3 MMSCM for the current financial year till December 2018 was lower by 0.2% compared with the corresponding period of the previous year.
8A lot of footwork has been done however by this government, and gas production will show a rise from now onwards, but the benefits will be reaped by the next government.
8On the crude production front, the outlook continues to remain grim.
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Jan 23: Evacuation constraints in the Kochi LNG terminal have kept capacity utilization at a mere 9% in April-December, 2019
8The Dabhol terminal is similarly stricken with low capacity utilization, leaving two other LNG terminals, at Hazira and Dahej running at high capacity
8Two new terminals, at Mundra and Ennore are now ready to take on supplies
8The market however continues to grow at a tepid rate, making it difficult for the new terminals to stir up a good plant load factor for now.
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Jan 23: In Indian cities, air conditioning can contribute up to 60% of peak electricity use.
8In this context, the concept of "district cooling" is being introduced.
8Gas-based systems can be utilized.
8Some Indian cities have taken the initiative and prefeasibility studies are currently on
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Jan 23: The tiles industry is a big consumer of gas.
8The industry is highly sensitive to gas prices, as the cost of gas can be as high as 20% of revenue
8Find out more on how one such company, a leader in the pack, is handling the fluctuations in gas prices
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Jan 23: Maritime safety in the oil & gas sector is on the agenda in India given its expanding offshore activity
8The website carries here a full catalog of safety requirements and how they can be met
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Jan 23: MRPL is readying itself for a Phase-IV expansion
8Acquisition of around 1000 acres of land is almost complete
8Phase-IV expansion will include a petrochemical plant and a refinery, it is learned
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Jan 23: Get a complete update on the latest tax notifications and their impact, directly or indirectly, on the oil & gas industry
8The latest judicial pronouncements and their implications are also analysed
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   Details

Jan 23: 8Project Name: Greenfield Natural Gas Pipeline Project
8Project Cost: Rs 210 crore
8Project Description: RFQ for the surveying work has already come out. A requirement for an EIA consultant is coming up. The following companies have been shortlisted on nomination basis as an EPC contractor for this project:
-- Jaihind Projects Limited
-- Ario Infrastructure PVT. LTD.
-- Oswal Infrastructure Limited.
Further RFQs are expected soon.
Click here for more details, including key contacts Details

Jan 23: 8Project Name: Haldia Refinery BS VI Up-gradation Project
8Project Cost: Rs 2935 crore
8Project Description: 3D model review of new DHDT unit is almost 60% completed. RFQ for the installation work of the reactor for DHDT unit and heater for PrimeG unit have already come out. Further RFQs are expected soon.
Click here for more details
8Bid submission date has been extended for Emergency Response Centres
-- A refinery is looking for a PMC
Click on Details for more, including key contacts Details

Jan 01: Details

Jan 23: 8Project Name: Crude Oil Pipeline Capacity Augmentation
8Project Cost: Rs 600 crore
8Project Description: Oil India Limited along with its EPCM contractor Engineers India Limited has awarded the contract for the Mainline Pumps to Sulzer, Flow Tee to Indicon Projects & Equipment Ltd, Fittings to Sawan Engineering Limited. Moreover, the contract for the assorted Gate Globe Check Valves has been awarded to Steel Strong Valves and PLC Scada to Yokogawa India Limited. Currently, Scraper Basket, Substation, Control Room construction is in progress. Furthermore, the Piling and pipeline stringing welding and lowering work is in progress despite the initial delay. The project involves upgradation of the pumping station capacity, replacement of valves, pipelines for increasing the overall capacity of the pipeline and is expected to be commissioned by 2019. Further RFQs for the project are expected shortly.
8Project Event: No further RFQs expected.
8Start Date: Q2/2019
8Completion Date: Q4/2025
Click here for more details
8Project Name: Oil Field Development
8Project Cost: Rs 100 crore
8Project Description: Bharat PetroResources Limited is soon expected to release the RFQs for the hiring of a consultant for the Bakhri Tibba oil field in Rajasthan. Till now the PML block validity extension has not been received from the ministry's end. Moreover, the consultant will prepare a feasibility report for the Bakhri Tibba as well as Sadewala block which had been awarded under DSF-1 round in 2016. As of now the PML validity of both the blocks is set to expire by January 2021. The drilling services will be hired later for both the projects. 
Project Event: RFQ for the hiring of a PFR Consultant is expected by April 2019
RFQ for the hiring of rigs and other oilfield services are expected by Q3 2019.
 Click here for more details Details

Jan 23: For reference purposes the website carries here the following tenders:
8Corrigendum: Hiring of Lease Line Connectivity Details
8Composite works for installation & commissioning of BOG Compressor Details
8Procurement of 500 MT of Propane Details
8Procurement of 1000 MT of Butene Details
8Consultant for Configuration, Feed Product Optimisation, Licensor Selection & Detailed Feasibility Report preparation for Ethylene Cracker Details
8Selection of Contractor for Medical Services at Occupational Health Centre Details
8Corrigendum: Non Comprehensive O&M AMC of Compressor Packages Details
8Providing ISIM development and onsite support Details
8Providing Skilled and Semiskilled Retail Outlet Operating Manpower Services Details
8Packed LPG Cylinders Transportation in LPG Bottling Plant Details
8Hiring of Services for Repair, Maintenance and Replacement of Pipelines Details
8Supply, Installation, Commissioning & Demonstration of 2D Gas Chromatograph Details
8Supply of Pressure Gauges Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Cairn says final drafting of arbitration award against retro tax in process Details
8India to leave China behind in oil demand growth this year: WoodMac Details
8Directorate General of Hydrocarbons nod must for going beyond oilfield area Details
8Iran's gas output has risen 35 per cent compared with 2012 Details
8Australia's Oil Search clocks 29 per cent jump in Q4 revenue Details
8OPINION: Hedge funds buy oil amid greater optimism on economy Details
8EU's Sefcovic sees no problems with Russian gas supplies via Ukraine this winter Details
8Lithuania LNG port aims to be Baltic hub, double flows Details
8Total to approve Nigeria's Ikike project in coming months Details
8Norway's December oil output misses forecast Details
8World to miss 2020 climate 'turning point': analysis Details
8Ukraine gas firm says Russians delaying gas talks as they spur work on Nord Stream 2 Details
8Azerbaijan to double gas shipments via TANAP in 2019 Details
8Oil price fall will trigger more energy sector M&A in Europe: DEA COO Details
8DAVOS-Saudi Aramco eyes multi-billion-dollar U.S. gas acquisitions: CEO Details
8Oil steadies, but economic slowdown still weighs on markets Details
You can also click on Newsclips for more   Details

Jan 23: Ammonia-Urea Brownfield Project
8Cost - Rs 6000 Crore
 8Project Event: Bridge & Roof Co India Ltd, Comt Constructions Private Ltd, McNally Bharat Engineering Company Ltd, Montecarlo Ltd, Simplex Infra Ltd, and VRC Constructions Pvt. Ltd. are in the race to supply a host of material and services to the project. Price bids have not been opened yet.
Click here for more details
 Ammonia-Urea Energy Saving Project-II
 8Cost - Rs 234 Crore
 8Project Event: Engineering studies are ongoing and RFQ for the LSTK contractor is likely to be released in February 2019. The project is likely to be completed in March 2020.
 Click here for more details Details

Jan 23: Project Name: Thermal Power Plant - FGD Addition
8Project Cost: 500 crores
8Project Description: The RFQ for an FGD system has been delayed for a 660 MW thermal power complex. But, now it is on track. Recently, a consultant has been appointed for the feasibility report works. Look out for future business opportunities.
8Expenditure Approval: Q2:2019
8RFQ Date: Apr/2019
8Release Date: Apr/2019
8Start Date: 2020
8Completion Date: 2022
Click here for more details
Project Name: Thermal Power Station Addition Project
8Project Cost: 200 crores
8Project Description: NTPC is carrying out balance works for disposal of dry ash in a thermal power station. If you are an equipment supplier, find out what kind of RFQs are still to come out.
8Expenditure Approval: Q1:2018
8RFQ Date: Mar/2019
8Release Date: Mar/2019
8Start Date: 2020
8Completion Date: 2021
Click here for more details Details

Jan 22: If you have a clean energy project, there is a massive green bond fund that you can tap into.
8Now, will an oil & gas company qualify? Yes, is the answer.
8Because clean energy is defined to include not just renewable energy but energy efficiency projects, biomass and hydrogen
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Jan 22: A second Canadian LNG project, with two trains of 5 MMTPA each is coming up.
8The Canadian LNG story is pivoted on the heavily discounted price of gas at a little over $1/mmbtu against the backdrop of a reasonably robust international price for LNG, allowing for more Canadian projects to come up.
8The project is an integrated from E&P to LNG liquefaction, thereby allowing it to work on the marginal cost model in case of contingencies.
8FEED has been completed, EPC contractor selection is on
8Booking capacity in Canadian LNG projects may make more sense for Indian companies than in terminals in the US Gulf Coast, as, among other advantages, the shipping distance is lower.
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Jan 22: A time has come for the PNGRB to look at the entire issue of venting of gas into the atmosphere by India's growing gas pipeline network
8An example is the 877 km KG Basin gas network operated by GAIL. Unaccounted gas loss totaled up to a massive Rs. 1333.36 crore over the past 10 years. The gas volume lost is 2235 mmscmd
8What accounts for this loss? Faulty metering could be the cause but it is more likely that the gas was vented into the atmosphere.
8Methane leakages are 10 times more potent than CO2 emissions.
8It is time now to account for all unaccounted gas, and to attribute a cost to it, not just in terms of the price of gas but damage to the environment
8And the PNGRB must put together a framework to measure such losses in an independent manner
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Jan 22: Oil and Natural Gas Corporation Limited is planning to carry out overhauling works for the vibration monitoring system for Heera and Neelam platforms.
8Find out more on who bagged the job
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   Details

Jan 22: 8An international CBM conference is coming up. Find out more click on Report.
8Requirement for an EPC contractor for 150 km of infield pipeline network is coming up. Click on Report for more.
8The determination of tariff for GAIL's 877 km KG Basin network is running into opposition from gas buyers, as questions are raised on the veracity of the gas major's estimates of future capacity, capex and opex of the network. Click on Reports to know more click on Report.
8Reliance Industries Ltd operates its industrial enterprise through hundreds of subsidiaries and dozens of joint ventures and associate companies. All of them are listed here for those who are interested. Click on Report for more.
8IOC is all set to roll out four hydrogen-CNG refomer plants at a total cost of Rs 330 crore in Delhi, partially funded by the government, for city buses. Click on Report for more. Details