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Adani-Welspun aiming for revenues from E&P blocks in 2020-21.  Update on upcoming refinery maintenance and expansion projects .  Our Briefs.  ONGC's 6 jack-up rigs hiring tender: Update.  ONGC's Well Head Platform tender: Big lineup of bidders likely .  Premium casing pipes: Contract awarded .  Rs 225 crore greenfield POL tender: Update.  Chhara LNG terminal: Contracts awarded after two-year gap.  ONGC to spend Rs 65,773 crore on ramping up production from 13 projects.  Energy saving projects in urea-ammonia units: An update.  Software updates: Power projects.  LNG spot market: Undergoing fundamental changes .  April LNG prices significantly lower .  Rs 10000 crore onland development drilling project: Clearances are taking time.  Five in race for ONGC chopper tender.  ONGC's G&G contract: Know who are in the race.  EIL: Looking at different business models.  GAIL's aim to get Dabhol LNG terminal to full capacity receives a set back.  LNG-fueled trucks may have a shelf life of 10 years only.  US sanctions on Iran: Far reaching implications.  

Adani-Welspun aiming for revenues from E&P blocks in 2020-21

May 22: Adani Welspun Exploration Ltd, a 65:35 JV between Adani Group and Welspun is working on four blocks as of the moment
8In one block itself (the B-9 Cluster), plans are being put in place for an investment of $110 million
8Overall, the blocks are either in advanced exploration of FDP stages
8First revenues are expected in 2020-21
Click on Reports for more Details

Update on upcoming refinery maintenance and expansion projects

May 22: Get a complete update on refinery expansion and maintenance projects up ahead.
8Over 20 updates are given here
Click on Details for more Details

Our Briefs

May 22: 8Open loop scrubbers in ships preparing for 2020 guidelines face an uncertain future. The total number of ships in operation
 and on order with scrubbers fitted rose to 3,286 in May.Will the investment go waste?
8High crude oil import dependency: Find ways to bring it down
8The Chinese chemical and petrochemical industry is getting less competitive for a number of reasons. Is this the time for India to step in?
8Get full performance analysis of the refining trio of BPCL, HPCL and IOC
8The LPG freight market will see a lot of upheaval post IMO 2020, as a battle emerges between those who are fitted with scrubbers and those which are not
8Ennore LNG terminal: Full utilization not likely anytime soon
8New Trend: LNG contracs are getting signed on sport markers Details

ONGC's 6 jack-up rigs hiring tender: Update

May 22: 8Find out those who are in the race for the tender
Click on Details for more Details

ONGC's Well Head Platform tender: Big lineup of bidders likely

May 22: ONGC has asked for empanelment of bidders for the execution of wellhead platforms
8What the company is asking for is expertise in surveys, design, engineering, procurement, fabrication, load out, tie down / sea fastening, tow-out / sail-out, transportation, installation, hook-up, testing, pre-commissioning and commissioning. The whole contract will be executed on LSTK basis within an overall period of 3 years.
8Know more about the companies which are likely to show interest.
8The tender will close by 11 Jun 2019, and at least seven bidders are expected
Click on Details for more Details

Premium casing pipes: Contract awarded

May 22: ONGC has awarded a premium casing pipes contract recently to a foreign supplier
8It was a keenly fought tender
8The contract involves supply of premium casing pipes for one year
Click on Details to know who the winner is Details

Rs 225 crore greenfield POL tender: Update

May 22: Project Name: Greenfield POL terminal
8Project Cost: 225 crores
8Project Description: The owner is planning to set up a new POL (Rail- fed) Depot in South India. The company has appointed M/s. Enviro Resources, Mumbai, to obtain Environmental Clearance. Equipment required for the project: Storage Tanks, Compressors, Valves, Pumps, Fire Proofing(Sprinklers, Alarms), DG sets of power 2x500, 1x250, 1x25 kVA.
8Project Event: RFQ for surveying work is expected by mid of July.
8Expenditure Approval: Q2:2019
8RFQ Date: Q3,July/2019
8Release Date: Sep/2019
8Start Date: 2019
8Completion Date:2021
Click here for more detail Details

Chhara LNG terminal: Contracts awarded after two-year gap

May 22: At long last, LOIs are getting issued for the 5 MMTPA Chhara LNG terminal promoted by HPCL in collaboration with the Shapoorji-Pallonji group
8It had been two years since the tender for the terminal closed
8But last week, contracts were awarded, it is learned
Click on Details for more
Details

ONGC to spend Rs 65,773 crore on ramping up production from 13 projects

May 22: For reference purposes the website carries here the following tenders:
8Supplying and filling earth inside HWD-H well head Setup in Bahadur Chariali area Details
8Procurement of Premium Connection Tubing for DDW wells in JV block KG-OSN-2001/3 Details
8Procurement of CS, IBR and NACE Flanges Details
8Annual Rate Contract for Outdoor Network Infrastructure Installation Details
8Clamp On Ultrasonic Flow Transmitters for High Temperature at refinery Details
8Supply of Vessels at refinery Details
8Hiring of services of transportation of water on call out basis Details
8Procurement of Tyres, Tubes and Flaps Details
8Supply of Capital Instruments for Drill Site Laboratories Details
8Acquisition of 395 Nos. of Integrated G&G Interpretation licenses on Access Rights Basis Details
8Renovation and Construction of new Tool Yard/ Shed Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Reliance topples Indian Oil to become the biggest Indian company Details
8Shell opens its first lubricants laboratory in India Details
8ONGC to spend Rs 65,773 crore on ramping up production from 13 projects Details
8How to make rural India switch to cleaner cookstoves Details
8BPCL cracks over 4%; brokerages mixed after Q4 numbers Details
8There is no issue as far as crude supply is concerned: M K Surana, HPCL Details
8HPCL likely to borrow Rs 8,000 cr in FY20 to revamp its refineries: Chairman MK Surana Details
8Russia's Sakhalin Energy shuts LNG train 1 after unexpected issue Details
8Malaysia's Petronas shuts Sabah-Sarawak gas pipeline for maintenance Details
8Uniper tests interest in its German LNG import project, seeks partner Details

8EU urges Turkey restraint in Cyprus energy dispute Details

8Columbia natgas pipe see Monday fix to West Virginia MarkWest problem Details
8Novatek and TechnipFMC sign EPC contract for LNG plant Details
8US energy secretary: Sanctions bill on Nord Stream 2 coming soon Details
8Despite rhetoric, Turkey complies with US oil sanctions on Iran Details
8PGNiG prepared for problems with gas supply from East: CEO Details
8High-level committee submits report on reducing import dependence Details
8Climate change protesters disrupt BP investor meeting, Shell gets boost Details
8COLUMN:Funds sell oil as economic fears trump supply threats: Kemp Details
8Oil falls after Saudi assurances on market balance, Mideast tensions Details
8COLUMN-Saudi Arabia waits for higher spot prices before raising oil exports: Kemp Details
8Saudi Arabia to buy U.S. LNG from Sempra Energy's Port Arthur project Details
You can also click on Newsclips for more   Details

Energy saving projects in urea-ammonia units: An update

May 22: Ammonia-Urea Energy Revamp Project
8Cost - Rs 200 Crore
8Project Event: The civil work is ongoing and the project is likely to be commissioned by the end of 2020.
Click here for more details
Ammonia-Urea Energy Saving Project

8Cost - Rs 250 Crore
8Project Event: The company is still in trouble, but the sources said that they will complete the energy norms within the timeframe provided
Click here for more details Details

Software updates: Power projects

May 22: Project Name: Greenfield Hydroelectric Power Project, Stage-1
8Project Cost: 2000 crores
8Project Description: The owner has extended the bidding date for an EPC contract for design and engineering services of main civil and hydro-mechanical works in a greenfield 210 MW (2x80 MW main unit + 2x25 MW auxiliary unit) hydroelectric power project
8Project Event: RFQ for E&M works worth Rs. 372.78 crores are expected by the Q3 2019.
8Expenditure Approval: Q4:2018
8RFQ Date: Q3:2019
8Release Date: Q3:2019
8Start Date: 2020
8Completion Date: 2025
Click here for more details

Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 2500 crores
8Project Description: The CEA has vetted the project cost at Rs. 2238 crores. The stage-I forest clearance accorded on 26.02.2018 and stage-II forest clearance is under progress. Construction of boundary pillars for demarcation of forest land is in progress. 
8Project Event: RFQ for design and construction of single-lane steel truss Bridges-IV are expected by June 2019.
RFQ for main plant civil works is expected by the Q4 2019.
8Expenditure Approval: Dec/2018
8RFQ Date: Jun/2019
8Release Date: Jun/2019
8Start Date: 2020
8Completion Date: 2025
Click here for more details

Project Name: Thermal Power Station - FGD Addition
8Project Cost: 200 crores
8Project Description: BHEL, Tata Power, and L&T have been qualified in the techno-commercial part of the bid for the installation of a flue gas desulphurization system
8Project Event: The award for the FGD package is expected by the Q4 2019.
8Expenditure Approval: Q2:2019
8RFQ Date: Q4:2019
8Release Date: Q4:2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Combustion Modification Package
8Project Cost: 100 crores
8Project Description: The owner has awarded to GE Power -- in the race were ISGEC Heavy Engineering Ltd and Doosan Power System,--  for installation of a combustion modification package for a 1500 MW (3x500 MW)super thermal power plant
8Project Event: RFQ for air compressor, valves and fittings, and ID fans is expected by July 2019.
8Expenditure Approval: Q2:2017
8RFQ Date: Jul/2019
8Release Date: Jul/2019
8Start Date: Q4:2019
8Completion Date: 2021
Click here for more details

Project Name: Thermal Power Station: Installation of WFGD
8Project Cost: 300 crores
8Project Description: The owner in consultation with NTPC is preparing cost estimate and technical specifications for installation of four wet limestone based flue gas desulphurisation systems
8Project Event: RFQ for design, engineering, supply, erection, and commissioning of a wet FGD system is expected by July 2019.
8Expenditure Approval: Q1:2018
8RFQ Date: Jul/2019
8Release Date: Jul/2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Installation of FGD
8Project Cost: 300 crores
8Project Description: The owner is going on with evaluation of bid for installation of FGD in 2x500 MW thermal power station
8Project Event: The award for the flue gas desulphurization system (FGD system) is expected by July 2019.
8Expenditure Approval: Q312017
8RFQ Date: July:2019
8Release Date: July:2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Thermal Power Station - Installation of new cooling towers
8Project Cost: 200 crores
8Project Description: The owner is preparing feasibility report for installation of new cooling towers in the 3x210 MW  in place of the old cooling towers at the existing facility of 2630 MW (3x210 + 4x500 MW) thermal power station located . The floating of RFQs for supply of new cooling towers is getting delayed due to delay in preparation of DPR. 
8Project Event: RFQ for supply, installation, erection, and commissioning of cooling towers are expected by the Q3 2019.
8Expenditure Approval: Q2:2018
8RFQ Date: Q3:2019
8Release Date: Q3:2019
8Start Date: 2020
8Completion Date: 2022
Click here for more details
Details

LNG spot market: Undergoing fundamental changes

May 21: From early 2019 spot LNG prices began to fall sharply, from over $10 in January to less than $5 by May.
8The fall in spot prices is driven by an over supplied market but the point to note is that there is considerable divergence between spot LNG prices and long term contract prices which are usually based on crude prices. So much so, that the differential is more than 100%, as crude prices continue to stay high
8Forward curves show that long term contract prices may stay higher for the rest of 2019 and 2020 while forward spot prices for this period  will be much lower
8There is a fundamental decoupling of LNG prices from crude prices taking place in the market today
8And even if the demand-supply balance is restored in the future, it will not be the same again.
8Find out more on the rapid but permanent changes taking place in the LNG market today
Click on Reports   Details

April LNG prices significantly lower

May 21: Overall LNG prices, contract plus spot, has seen a sizeable decline in price in India in April 2019, compared to April, 2018
8Prices are lower in April in comparison to the average price for all of 2018-19 as well
Click on  Report & Details for more. Details

Rs 10000 crore onland development drilling project: Clearances are taking time

May 21: 8Project Name: Drilling Site Development
8Project Cost: Rs 9734 crore
8Project Description: This is an ambitious development drilling plan but the clearance process has been slow and tedious.
As per latest estimates, the timelines are:
-- RFQs for hiring Rigs and other equipment are expected by Q4 2019.
-- RFQ for hiring an EPC contractor for pipeline part of the project is expected by Q2 2020
8RFQ Date: Q4/2019
8Release Date: Q4/2019
8Start Date: Q2/2010
8Completion Date: Q2/2025
Click here for more details
Details

Five in race for ONGC chopper tender

May 21: Oil and Natural Gas Corporation Limited's tender for the hiring of helicopters has attracted interest from five bidders
8The bidding process is currently on
Click on Details for more   Details

ONGC's G&G contract: Know who are in the race

May 21: This is a multi-asset work involving geological and geophysical interpretation
8Two companies are hotly in the race
Click on Details for more Details

EIL: Looking at different business models

May 21: EIL is working out a new set of initiatives to push its business forward
8It likely to push for OBE contracts
8Look for sweat equity. technology collaborations
8Alliances is another way it plans to diversify
Click on Reports for more Details

GAIL's aim to get Dabhol LNG terminal to full capacity receives a set back

May 21: GAIL's breakwater construction project to push the capacity of the Davhol LNG terminal up to 5 MMTPA seems to have got into trouble
8The contracting process may get delayed by quite some time
Click on Report & Details for more Details

LNG-fueled trucks may have a shelf life of 10 years only

May 21: India's interest in LNG trucking is rising. Truck loading facilities are now standard features in any regasification plant
8Standard lithium-ion battery technology is likely to penetrate the passenger car, light commercial vehicle, city bus and municipal vehicle markets, but it has made no inroad into the higher energy consuming heavy-duty vehicle market.
8Lithium-ion heavy trucks, despite much fanfare, remain largely at a conceptual stage as developers grapple with the weight, power and range requirements.
8The point to note however is that LNG as a fuel for heavy vehicles are expected to have a golden run only until 2030 only and not after that.
8Any investment payback analysis must take this crucial timeline into consideration while working out the maths.
Click on Details for more Details

US sanctions on Iran: Far reaching implications

May 21: Not enough is known on the entire scope of US sanctions on Iran and its impact on India
8The sanctions have wide and serious implications for India.
Click on Reports to know more Details

Adani-Welspun aiming for revenues from E&P blocks in 2020-21

May 22: Adani Welspun Exploration Ltd, a 65:35 JV between Adani Group and Welspun is working on four blocks as of the moment
8In one block itself (the B-9 Cluster), plans are being put in place for an investment of $110 million
8Overall, the blocks are either in advanced exploration of FDP stages
8First revenues are expected in 2020-21
Click on Reports for more Details

Update on upcoming refinery maintenance and expansion projects

May 22: Get a complete update on refinery expansion and maintenance projects up ahead.
8Over 20 updates are given here
Click on Details for more Details

Our Briefs

May 22: 8Open loop scrubbers in ships preparing for 2020 guidelines face an uncertain future. The total number of ships in operation
 and on order with scrubbers fitted rose to 3,286 in May.Will the investment go waste?
8High crude oil import dependency: Find ways to bring it down
8The Chinese chemical and petrochemical industry is getting less competitive for a number of reasons. Is this the time for India to step in?
8Get full performance analysis of the refining trio of BPCL, HPCL and IOC
8The LPG freight market will see a lot of upheaval post IMO 2020, as a battle emerges between those who are fitted with scrubbers and those which are not
8Ennore LNG terminal: Full utilization not likely anytime soon
8New Trend: LNG contracs are getting signed on sport markers Details

ONGC's 6 jack-up rigs hiring tender: Update

May 22: 8Find out those who are in the race for the tender
Click on Details for more Details

ONGC's Well Head Platform tender: Big lineup of bidders likely

May 22: ONGC has asked for empanelment of bidders for the execution of wellhead platforms
8What the company is asking for is expertise in surveys, design, engineering, procurement, fabrication, load out, tie down / sea fastening, tow-out / sail-out, transportation, installation, hook-up, testing, pre-commissioning and commissioning. The whole contract will be executed on LSTK basis within an overall period of 3 years.
8Know more about the companies which are likely to show interest.
8The tender will close by 11 Jun 2019, and at least seven bidders are expected
Click on Details for more Details

Premium casing pipes: Contract awarded

May 22: ONGC has awarded a premium casing pipes contract recently to a foreign supplier
8It was a keenly fought tender
8The contract involves supply of premium casing pipes for one year
Click on Details to know who the winner is Details

Rs 225 crore greenfield POL tender: Update

May 22: Project Name: Greenfield POL terminal
8Project Cost: 225 crores
8Project Description: The owner is planning to set up a new POL (Rail- fed) Depot in South India. The company has appointed M/s. Enviro Resources, Mumbai, to obtain Environmental Clearance. Equipment required for the project: Storage Tanks, Compressors, Valves, Pumps, Fire Proofing(Sprinklers, Alarms), DG sets of power 2x500, 1x250, 1x25 kVA.
8Project Event: RFQ for surveying work is expected by mid of July.
8Expenditure Approval: Q2:2019
8RFQ Date: Q3,July/2019
8Release Date: Sep/2019
8Start Date: 2019
8Completion Date:2021
Click here for more detail Details

Chhara LNG terminal: Contracts awarded after two-year gap

May 22: At long last, LOIs are getting issued for the 5 MMTPA Chhara LNG terminal promoted by HPCL in collaboration with the Shapoorji-Pallonji group
8It had been two years since the tender for the terminal closed
8But last week, contracts were awarded, it is learned
Click on Details for more
Details

ONGC to spend Rs 65,773 crore on ramping up production from 13 projects

May 22: For reference purposes the website carries here the following tenders:
8Supplying and filling earth inside HWD-H well head Setup in Bahadur Chariali area Details
8Procurement of Premium Connection Tubing for DDW wells in JV block KG-OSN-2001/3 Details
8Procurement of CS, IBR and NACE Flanges Details
8Annual Rate Contract for Outdoor Network Infrastructure Installation Details
8Clamp On Ultrasonic Flow Transmitters for High Temperature at refinery Details
8Supply of Vessels at refinery Details
8Hiring of services of transportation of water on call out basis Details
8Procurement of Tyres, Tubes and Flaps Details
8Supply of Capital Instruments for Drill Site Laboratories Details
8Acquisition of 395 Nos. of Integrated G&G Interpretation licenses on Access Rights Basis Details
8Renovation and Construction of new Tool Yard/ Shed Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Reliance topples Indian Oil to become the biggest Indian company Details
8Shell opens its first lubricants laboratory in India Details
8ONGC to spend Rs 65,773 crore on ramping up production from 13 projects Details
8How to make rural India switch to cleaner cookstoves Details
8BPCL cracks over 4%; brokerages mixed after Q4 numbers Details
8There is no issue as far as crude supply is concerned: M K Surana, HPCL Details
8HPCL likely to borrow Rs 8,000 cr in FY20 to revamp its refineries: Chairman MK Surana Details
8Russia's Sakhalin Energy shuts LNG train 1 after unexpected issue Details
8Malaysia's Petronas shuts Sabah-Sarawak gas pipeline for maintenance Details
8Uniper tests interest in its German LNG import project, seeks partner Details

8EU urges Turkey restraint in Cyprus energy dispute Details

8Columbia natgas pipe see Monday fix to West Virginia MarkWest problem Details
8Novatek and TechnipFMC sign EPC contract for LNG plant Details
8US energy secretary: Sanctions bill on Nord Stream 2 coming soon Details
8Despite rhetoric, Turkey complies with US oil sanctions on Iran Details
8PGNiG prepared for problems with gas supply from East: CEO Details
8High-level committee submits report on reducing import dependence Details
8Climate change protesters disrupt BP investor meeting, Shell gets boost Details
8COLUMN:Funds sell oil as economic fears trump supply threats: Kemp Details
8Oil falls after Saudi assurances on market balance, Mideast tensions Details
8COLUMN-Saudi Arabia waits for higher spot prices before raising oil exports: Kemp Details
8Saudi Arabia to buy U.S. LNG from Sempra Energy's Port Arthur project Details
You can also click on Newsclips for more   Details

Energy saving projects in urea-ammonia units: An update

May 22: Ammonia-Urea Energy Revamp Project
8Cost - Rs 200 Crore
8Project Event: The civil work is ongoing and the project is likely to be commissioned by the end of 2020.
Click here for more details
Ammonia-Urea Energy Saving Project

8Cost - Rs 250 Crore
8Project Event: The company is still in trouble, but the sources said that they will complete the energy norms within the timeframe provided
Click here for more details Details

Software updates: Power projects

May 22: Project Name: Greenfield Hydroelectric Power Project, Stage-1
8Project Cost: 2000 crores
8Project Description: The owner has extended the bidding date for an EPC contract for design and engineering services of main civil and hydro-mechanical works in a greenfield 210 MW (2x80 MW main unit + 2x25 MW auxiliary unit) hydroelectric power project
8Project Event: RFQ for E&M works worth Rs. 372.78 crores are expected by the Q3 2019.
8Expenditure Approval: Q4:2018
8RFQ Date: Q3:2019
8Release Date: Q3:2019
8Start Date: 2020
8Completion Date: 2025
Click here for more details

Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 2500 crores
8Project Description: The CEA has vetted the project cost at Rs. 2238 crores. The stage-I forest clearance accorded on 26.02.2018 and stage-II forest clearance is under progress. Construction of boundary pillars for demarcation of forest land is in progress. 
8Project Event: RFQ for design and construction of single-lane steel truss Bridges-IV are expected by June 2019.
RFQ for main plant civil works is expected by the Q4 2019.
8Expenditure Approval: Dec/2018
8RFQ Date: Jun/2019
8Release Date: Jun/2019
8Start Date: 2020
8Completion Date: 2025
Click here for more details

Project Name: Thermal Power Station - FGD Addition
8Project Cost: 200 crores
8Project Description: BHEL, Tata Power, and L&T have been qualified in the techno-commercial part of the bid for the installation of a flue gas desulphurization system
8Project Event: The award for the FGD package is expected by the Q4 2019.
8Expenditure Approval: Q2:2019
8RFQ Date: Q4:2019
8Release Date: Q4:2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Combustion Modification Package
8Project Cost: 100 crores
8Project Description: The owner has awarded to GE Power -- in the race were ISGEC Heavy Engineering Ltd and Doosan Power System,--  for installation of a combustion modification package for a 1500 MW (3x500 MW)super thermal power plant
8Project Event: RFQ for air compressor, valves and fittings, and ID fans is expected by July 2019.
8Expenditure Approval: Q2:2017
8RFQ Date: Jul/2019
8Release Date: Jul/2019
8Start Date: Q4:2019
8Completion Date: 2021
Click here for more details

Project Name: Thermal Power Station: Installation of WFGD
8Project Cost: 300 crores
8Project Description: The owner in consultation with NTPC is preparing cost estimate and technical specifications for installation of four wet limestone based flue gas desulphurisation systems
8Project Event: RFQ for design, engineering, supply, erection, and commissioning of a wet FGD system is expected by July 2019.
8Expenditure Approval: Q1:2018
8RFQ Date: Jul/2019
8Release Date: Jul/2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Installation of FGD
8Project Cost: 300 crores
8Project Description: The owner is going on with evaluation of bid for installation of FGD in 2x500 MW thermal power station
8Project Event: The award for the flue gas desulphurization system (FGD system) is expected by July 2019.
8Expenditure Approval: Q312017
8RFQ Date: July:2019
8Release Date: July:2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details

Project Name: Thermal Power Station - Installation of new cooling towers
8Project Cost: 200 crores
8Project Description: The owner is preparing feasibility report for installation of new cooling towers in the 3x210 MW  in place of the old cooling towers at the existing facility of 2630 MW (3x210 + 4x500 MW) thermal power station located . The floating of RFQs for supply of new cooling towers is getting delayed due to delay in preparation of DPR. 
8Project Event: RFQ for supply, installation, erection, and commissioning of cooling towers are expected by the Q3 2019.
8Expenditure Approval: Q2:2018
8RFQ Date: Q3:2019
8Release Date: Q3:2019
8Start Date: 2020
8Completion Date: 2022
Click here for more details
Details

LNG spot market: Undergoing fundamental changes

May 21: From early 2019 spot LNG prices began to fall sharply, from over $10 in January to less than $5 by May.
8The fall in spot prices is driven by an over supplied market but the point to note is that there is considerable divergence between spot LNG prices and long term contract prices which are usually based on crude prices. So much so, that the differential is more than 100%, as crude prices continue to stay high
8Forward curves show that long term contract prices may stay higher for the rest of 2019 and 2020 while forward spot prices for this period  will be much lower
8There is a fundamental decoupling of LNG prices from crude prices taking place in the market today
8And even if the demand-supply balance is restored in the future, it will not be the same again.
8Find out more on the rapid but permanent changes taking place in the LNG market today
Click on Reports   Details

April LNG prices significantly lower

May 21: Overall LNG prices, contract plus spot, has seen a sizeable decline in price in India in April 2019, compared to April, 2018
8Prices are lower in April in comparison to the average price for all of 2018-19 as well
Click on  Report & Details for more. Details

Rs 10000 crore onland development drilling project: Clearances are taking time

May 21: 8Project Name: Drilling Site Development
8Project Cost: Rs 9734 crore
8Project Description: This is an ambitious development drilling plan but the clearance process has been slow and tedious.
As per latest estimates, the timelines are:
-- RFQs for hiring Rigs and other equipment are expected by Q4 2019.
-- RFQ for hiring an EPC contractor for pipeline part of the project is expected by Q2 2020
8RFQ Date: Q4/2019
8Release Date: Q4/2019
8Start Date: Q2/2010
8Completion Date: Q2/2025
Click here for more details
Details

Five in race for ONGC chopper tender

May 21: Oil and Natural Gas Corporation Limited's tender for the hiring of helicopters has attracted interest from five bidders
8The bidding process is currently on
Click on Details for more   Details

ONGC's G&G contract: Know who are in the race

May 21: This is a multi-asset work involving geological and geophysical interpretation
8Two companies are hotly in the race
Click on Details for more Details

EIL: Looking at different business models

May 21: EIL is working out a new set of initiatives to push its business forward
8It likely to push for OBE contracts
8Look for sweat equity. technology collaborations
8Alliances is another way it plans to diversify
Click on Reports for more Details

GAIL's aim to get Dabhol LNG terminal to full capacity receives a set back

May 21: GAIL's breakwater construction project to push the capacity of the Davhol LNG terminal up to 5 MMTPA seems to have got into trouble
8The contracting process may get delayed by quite some time
Click on Report & Details for more Details

LNG-fueled trucks may have a shelf life of 10 years only

May 21: India's interest in LNG trucking is rising. Truck loading facilities are now standard features in any regasification plant
8Standard lithium-ion battery technology is likely to penetrate the passenger car, light commercial vehicle, city bus and municipal vehicle markets, but it has made no inroad into the higher energy consuming heavy-duty vehicle market.
8Lithium-ion heavy trucks, despite much fanfare, remain largely at a conceptual stage as developers grapple with the weight, power and range requirements.
8The point to note however is that LNG as a fuel for heavy vehicles are expected to have a golden run only until 2030 only and not after that.
8Any investment payback analysis must take this crucial timeline into consideration while working out the maths.
Click on Details for more Details

US sanctions on Iran: Far reaching implications

May 21: Not enough is known on the entire scope of US sanctions on Iran and its impact on India
8The sanctions have wide and serious implications for India.
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