Now that oil prices are moving up, OIL India Ltd is showing some activity on long-pending projects. 8One is a Rs 3500 crore, where the website noticed some movement. Click here for more details 8The other is a Rs 2000 crore project. Click here for more details. (We are revising some of the contact telephone numbers in these projects as personnel have changed since our last update)Details
Power of work centres in ONGC to process tenders is now being significnatly diluted 8New systems are being put in place where the entire processing will be done remotely by unconnected people Click on Reports for more.Details
8IOC's 300,000 MT/year HDPE plant, located at Panipat was shut down. 8There is another petrochemical shutdown too in the same refinery 8Find out what is the status as of now.
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8Now that ThyssenKrupp has bagged an EPC contract for the first time, the focus is on its execution. 8Will the company be able to hire the right people for the job?
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Shell's Hazira LNG terminal has suddenly gone dry. 8Only one vessel, booked by ArcelorMittal for its steel mill is currently unloading its cargo. There is to be a list of about five or six cargoes lined up, all of them are gone now, as per our data 8GAIL is bringing in its long term cargoes 8All spot cargoes because of extremely high prices have dried up, leaving a big question mark over how India is going to cope with its gas demand ahead. More than 50% of India's gas demand is catered to by LNG. 8A shortage is likely as a whole lot of buyers were dependent on spot cargoes. Get the latest vessel line up here, click on Reports for more.
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Now that prices are going up, the Daman Upside development is back in focus. 8It is a big project and well-placed ONGC sources said that the crude oil price at which the viability of this gas field was established was at $53/bbl +-20%. 8The offshore infrastructure is expected to centre on a new process platform, B-12, that will be bridge-linked to the existing B-12-11 wellhead platform.The project also envisages at least four new wellhead platforms — B-12-18-PA, B-12-18-PB, B-12-2-P and B-12-24-P. Several segments of subsea pipelines are also expected to be included in the project, with one source indicating that up to 150 kilometres of offshore lines could be involved. In the meanwhile, the existing Daman development involves the exploitation of the B-12 and C-24 marginal gas fields, off the country’s west coast.Details
For reference purposes the website carries here the following tenders: 8Supply of PPCP Pails to Lube Oil Blending Plants Details 8NHAI Road Cutting and Bypass Road Arrangement in Alibag-Pen Road for attending casing removal job of 26 inch TUPL and 20 inch UTPLDetails 8High Stability Calibration Gases Details 8Internal painting of Quarters in Township at Bharuch Details 8Contract for Civil Structural Architectural Works for Construction of Clean Agent Systems Building Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows Details 8Special infrastructure development fee on petrol, diesel, property purchase in Punjab Details 8OPEC crude output cuts should help U.S. shale profits in 2021 Details 8China's Bohai Bay energy terminals on alert as sea ice slows ships Details 8DBO Energy takes pole position in Petrobras deepwater sale, sources say Details 8LNG shipping rates from U.S. surge to record highs on Asia buying boom Details 8Natural gas price headed towards $3/MMBTU in a monthDetails 8Hike in petrol, diesel rates after global oil price jump Details 8Mumbai: Petrol price crosses Rs 91 mark, diesel costliest ever Details 8U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline Details 8Mexico may raise farm concerns if energy dispute bites, minister saysDetails 8Britain's GMB union announces second 5 day strike at Centrica's British gas Details 8Global natural gas production down 3.6 per cent in 2020 -Rystad Energy Details 8Sweden's Swedbank Robur joins growing investor oil and gas exodus Details 8Trump administration expected to grant biofuel waivers for some oil refiners Details 8Oil prices extend gains after U.S. inventory drop Details 8Saudi Aramco cuts Feb crude supply to some Asian refiners - sources Details You can also click on Newsclips for moreDetails
Sulphuric Acid and Captive Power Unit Expansion Project 8Cost - Rs 300 crore 8Project Event: The project is still awaiting environmental clearance, and the review is ongoing, the project is likely to elicit environment clearance at the end of February 2020, RFQ for the PMC contractor is likely to be released in March 2021 whereas earlier it was expected earlier. Ammonium Nitrate and Nitric Acid Greenfield Project 8Cost - Rs 1375 crore 8Project Event: The project is still awaiting environmental clearance, clearance It is likely to be elicited in Q1 2021. RFQ for the PMC contractor is likely to be released in Q1 2021.Details
8Project Name:Vadodara District City Gas Distribution 8Project Cost: Rs 200 crore 8Project Description:Vadodara Gas Limited, has been granted permission on October 2, 2016, to set up a CGD network in Vadodara district district of Gujarat. The entity won the project under the 6th CGD bidding round. The CGD network has a coverage area of 6950 sq. km. For an overall timeframe of 8 years, VGL is expected to provide 369182 piped natural gas connections and lay 348.58 inch-km of steel pipeline. The first phase of the project has been implemented and the second phase is under progress. RFQs are up ahead. Click here for more detailsDetails
The global gas market is in a complete tizzy 8A January 2021 cargo was sold by Exxon at ~$35/MMBtu or >$200 boe. This is an unheard-of rate 8Then again, on January 11, 2021, an al time high JKM price of $28.2/MMBtu was established. 8Japanese power prices are at $400/MMbtu, a scale never seen before. 8The arbitrage opportunities between Henry Hub and Asian prices is incredibly massive, and GAIL can make the biggest killing ever, except for the fact that most of its US cargoes are already fully tied up 8The US cargo value is a mere $10.8 million and by the time it reaches Asia the value goes up to a massive $112.8 million. 8A cargo can yield an arbitrage of an incredible $100 million. 10 cargoes and you make a billion dollars. This is unbelievable economics. 8PLL can very well take its oil price linked cargoes out of RasGas and sell it at JKM rate and make a whole lot more money than it can by processing that cargo through its Dahej terminal. This looks like a once in a lifetime opportunity. 8LNG cargo rates have hit the ceiling too. With that kind of arbitrage available, the spot cargo rate is close to 0.5 million a day. 8European storage levels have plummeted given the huge arbitrage available between European and Asian prices. Click on Reports for more.Details
Two good and inexpensive supply chain conferences are coming up, all virtual 8One is on how blockchain technology can help 8And the other is on using IOT for supply chain optimization Click on Reports for moreDetails
With oil & gas prices on fire, the government is planning more roadshows for tis acreages in India. 8The focus is on the Asia Pacific region for now Click on Reports for more.Details
Customized Blending Unit for NPK Fertilizer & Ammonia Storage Tank Greenfield Project 8Cost - Rs 90 crore 8Project Event: The project is on hold due to the company's internal issues. It is likely to activate in Q1 2021. RFQ for the Contractor is likely to be released in Q1 2021 NPK-SSP & Sulphuric Acid Expansion Project 8Cost - Rs 15 crore 8Project Event: RFQ for a contractor is likely to be released after the environmental clearance. The public hearing has been completed but environmental clearance is due and valuation is ongoing, It is likely to be elicited at the end of Jan 2021 in place of December 2020. RFQ for the EPC contractor is likely to be released in February 2021.Details
India imports a wide variety of chemicals. 8From paraxylene to acetic acid to benzene to butadiene to methanol to sulphuric acid to hexane to base oil to caustic soda to styrene monomer to ethanol. Click on Reports for more on India's chemical matrix.
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India centric crude tonnage we are currently tracking is at 6.5 million tonnes. 8The only port where vessel waiting is seen is at Paradip at the moment. 8Two vessels are on wait and our data is not showing unloading at the port at this moment. Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Procurement of Remote Operated Actuator for existing Ball Valve for Rokhia Terminal Details 8IRC for CP Maintenance for entire VSPL JurisdictionDetails 8Declaration based Storage Insurance Policy Details 8Supply of pipes and flanges Details 8Procurement of 100000 MT Petrochemical Grade Naphtha Details 8Miscellaneous Steel Structure Fabrication and related works at Compressor Station Details 8Hiring of Services Electrical Site Works for new Residential Quarters Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Petrol, diesel prices hold even as crude remains strong Details 8Global natural gas production down 3.6 per cent in 2020 -Rystad Energy Details 8Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey showsDetails 8Special infrastructure development fee on petrol, diesel, property purchase in Punjab Details 8OPEC crude output cuts should help U.S. shale profits in 2021 Details 8China's Bohai Bay energy terminals on alert as sea ice slows ships Details 8DBO Energy takes pole position in Petrobras deepwater sale, sources say Details 8LNG shipping rates from U.S. surge to record highs on Asia buying boom Details 8Crude oil futures rise on spot demand Details 8Trump administration expected to grant biofuel waivers for some oil refiners Details 8Oil prices extend gains after U.S. inventory drop Details You can also click on Newsclips for moreDetails
The line-up of LNG vessels coming into India suddenly looks far shorter than before. 8Why is that so? 8It is quite possible that spot cargoes have completely dried up, now that spot rates are at $20/mmbtu. 8And only term cargoes, at crude linked or Henry Hub linked pricing, are coming in. 8According to studies made, Indian appetite for absorbing incremental gas at large enough volumes is at a price range of around $6-7/mmbtu, beyond that point, its appetite wanes. 8At $20/mmbtu JKM price, there will be zero buyers for gas. Click on Reports for more.
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This is a Rs 31000 crore capacity addition and petrochemical addition project 8Get the full details of the configuration here 8PFR report was prepared by in-house team and on the basis of which TOR was granted. Engineers India Limited (EIL) has been selected as the EIA consultant but due to COVID-19, there is no such progress in preparing the EIA report which also resulted in a delay for the project. The capital approval is still not still not granted by the board and it will be expected by Q2:2021. RFQs for the PMC is expected after the grant of capital approval. Click here for more details.Details
The current EIL CMD J.C. Nakra is retiring at the end of January 2021. 8The next incumbent faces a tough challenge. 8What is next for this engineering major?
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8Project Name:East Godavari District (excluding area already authorized) City Gas Distribution 8Project Cost: Rs 330 crore Click here for more details 8Project Name:West Godavari District City Gas Distribution 8Project Cost: Rs 300 crore Click here for more details.Details
DAP Greenfield Project 8Cost - Rs 200 crore 8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, and the proposal for the environmental clearance is likely to be submitted in February 2021. The company has applied for a loan, RFQ for the EPC contractor is likely to be released in March 2021. Sulphuric Acid Expansion Project 8Cost - Rs 100 crore 8Project Event: The company has been signed up Furnace Fabrica as an EPC contractor, all the equipment has reached the site. 99 % of construction work has been completed. The pre-commissioning is ongoing, commissioning is likely to be completed in Q1 2021. Click on Details for more.Details
For reference purposes the website carries here the following tenders: 8EOI for development of local vendors for laying of U/G Steel Pipeline including associated jobs for CGD project Details 8Purchase of Refrigerator Truck for Vaccine TransportDetails 8Inline Inspection of KKBMPL-II Pipeline Network using High Resolution MFL Technique Details 8Hiring of Contract Services for Management of GAIL Transit Accommodation & Catering Services Details 8Selection of Agency for Providing Business Contact Centre Services Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Petrol, diesel prices remain unchanged across metros Details 8Madhya Pradesh: Pocket pinch worry as fuel prices reach all-time high Details 820% ethanol blending in petrol can create economic activity of Rs 1 lakh crore: Petroleum Secretary Details 8GAIL to consider share buyback, dividend on January 15Details 8India’s annual oil usage falls for the first time in 21 years Details 8Saudi cut to boost oil market de-stocking, even as demand falters Details 8Chevron says repairs underway at Australia's Gorgon LNG Train 1 after weld quality issues Details 8Oil prices sapped by rising virus cases; anticipated drop in U.S. inventory stems losses Details 8Shell says LNG cargoes resume from Australian Prelude facility Details You can also click on Newsclips for moreDetails
The Shipping Corporation of India got a good credit rating 8But the company has now decided not to cooperate any more in getting a rating done. Click on Details for more.Details
Mobile CNG units on own and operate model may be a preferred business model as CGD entities expand their networks rapidly. 8This is particularly true when the gas supply is through a virtual network. 8The operator may want to pursue an asset-light model, to begin with. Click on Reports for more.Details
All the limits are over now, and the oil & gas market is on fire 8Crude prices will continue to climb much higher, according to all estimates. 8This should come as music to Indian E&P players Click on Reports for moreDetails
A Petronet LNG Ltd cargo from Ras Laffan was canceled. 8The cargo was meant to come in on January 18. PLL sources were not available for comment. But it is quite likely that the cargo is diverted to spot trading, where the prices are currently hovering at a record $20 plus/mmbtu. What the implications of this price spike on Indian demand? 8Dabhol seems to be working at full load now that winter has fully set in, and the Arabian sea is quieter. The breakwater facility will take some more time to be completed, so in the coming summer, the terminal will again stay shut. L&T is currently building the facility. 8Spot rates for the scarce liquefied natural gas fleet have broken the $320,00 per day mark on January 8, as growing demand for the commodity and limited vessel supply continue to prop up the sector. That was over $95,000 more than on January 5. Click on Reports for more.Details
The DGH is taking its single window clearance slogan seriously. 8It is now hiring a security consultant, whose only job will be to follow up with the security agencies for clearances Click on Reports for moreDetails
8Asia’s LNG benchmark, the Japan-Korea Marker, rose to $21,45 which is the highest since S&P Global Platts started registering in 2009. 8Why are prices going up? Click on Reports for more.Details
8With KG-D6 R cluster project has been completed, now that gas flows are at over 4 mmscmd already 8The project has many technological firsts. Click on Reports for more.Details
8Qatar and India have put together a team to identify specific oil & gas projects where Qatari investments can come in. Click on Details for more.Details
As of today, we are tracking 6.2 million tonnes of crude coming into India in the next week or so. 8The waiting period has come down to normal in Paradip and Cochin. 8In Mumbai, where both BPCL and HPCL take in cargoes for their refineries, there are three vessels on wait. 8The crude is coming in from an assortment of terminals from around the world. Click on Reports for more.Details
1.08 million tonnes of chemicals are currently headed towards India. 8In all there are over 150 shiploads 8We are tracking all of them Click on Reports for more.Details
1.17 million tonnes of fertilizers is headed in. The main receivers are 8Iffco 8GSPC 8Indian Potash Ltd 8MMTC 8RCF 8Coromandel Fertilizers 8Paradeep Phosphate Ltd 8Indorama Click on Reports for more.Details
Project Name: Numaligarh-Itanagar Greenfield Product Pipeline Project 8Project Cost: 470 crores 8Project Description: Numaligarh Refinery Limited (NRL) is planning to lay a product pipeline from Numaligarh to Itanagar with a capacity of 0.5 MMTPA in order to improve petroleum product supply in the North Bank of Brahmaputra. The route length for the proposed pipeline will be around 100 Km and will be passing through the Brahmaputra River. Horizontal Directional Drilling (HDD) will also be required for this project as it crosses several rivers. 8Project Event: RFQs for the surveying work is expected up to February-2021. Click here for more details.Details
RIL is the biggest importer of ethane into India. 8The company's ethane shipment data is carried on a daily basis by our website 8How does ethane dynamics work? Click on Reports for more.Details
The mood has lifted when it comes to oil & gas companies 8For ONGC, yes, very much so 8For OIL too, the outlook is bullish as of now, despite lagging production. Click on Details for more.Details
Please click on our Reports section for the import line for the next few days in Indian ports for: 8Crude 8Chemicals 8Fertilizers 8LNG Click on Reports for more.Details
For reference purposes the website carries here the following tenders: 8Transportation of Packed Bitumen Ex Panipat Details 8Composite Works for Compressed Bio Gas Distribution ProjectDetails 8Supply of Vertical Submersible Centrifugal Pumps for Underground LPG Rock Cavern Application Details 8Hiring of services for Seismic Survey Operation for acquiring 3D seismic data of 10000 shots Details 8Providing Services for Peripheral Operations Assistance Activities for Barrel Filling and Blending Activities Details 8Construction of NRO Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Fuel price rise paused after taking petrol rates to record high level Details 8India's December fuel demand scales 11-month peak as recovery gathers paceDetails 8Petrol, diesel prices remain unchanged for second consecutive day Details 8Oil Marketing Companies may see earnings erode in third quarter 2020-21 Details 8Strong recovery in oil and gas volumes likely in 2021-22: ICRA Details 8Inclusion push: petrol pumps may sell insurance products Details 8Rajasthan can earn 63% of money India spends on mineral imports: Anil Agarwal Details 8Task force for mines development, new mines and mineral policy soon: Raj CM Details 8Petrol sales up 9.3 percent in December; diesel down 2.8 percent, jet fuel by 41 percent Details 8Include natural gas under GST to push for gas-based economy: Industry Details 8India now looks to build strategic gas reserve Details 8Facelift for IOC pumps to catch 'em young, make room for EV charging Details 8Top global oil exporter Saudi Arabia launches car-free, zero carbon emissions city Details 8OPEC crude output cuts should help U.S. shale profits in 2021 Details 8Oil prices fall on renewed coronavirus concerns as China cases mount Details 8Stricter air quality standards in the works to check ultra-fine pollutants Details 8OPINION: 1,000 LNG stations: A dream too big? Details 8Latest global lockdowns delay fuel demand recovery Details 8Agri products to cost more due to hike in fuel prices, warns Delhi Cong Details 8Explorer Horn in Saudi sands seeks a rally without petrol Details You can also click on Newsclips for moreDetails
8Project Name:Faizabad and Sultanpur Districts City Gas Distribution 8Project Cost: Rs 200 crore 8Find out what kind of RFQs are ahead Click here for more detailsDetails
8Project Name:Lucknow District City Gas Distribution 8Project Cost: Rs 150 crore 8Project Description:PNGRB has given an extension period of 129 days to Green Gas Ltd for achieving their MWP targets due to the COVID 19 pandemic. 8There are RFQs ahead Clck here for more detailsDetails
DAP Expansion Project 8Cost - Rs 100 crore 8Project Event: The project is still waiting for the environmental clearance, It is likely to be elicited at the end of Jan 2021, review is ongoing. RFQ for the LSTK contractor is likely to be released in Q1 2021 Single/Triple Super Phosphate Greenfield Project 8Cost - Rs 25 crore 8Project Event: The studies are still ongoing, the proposal for the environmental clearance is likely to be submitted in Feb 2021. The procurement work is ongoing. RFQ for the local contractor is likely to be released in March 2021.Details
Project Name: LPG cavern storage project 8Project Cost: 702 crore 8Studies have been completed. 8Project Event:RFQ for the equipment regarding cavern storage and the pipeline is expected in March-2021. Click here for more detailsDetails
RIL currently has around 1.64 lakh tonnes of chemical imports lined up 8It is not known whether RIL procures LNG on a term basis, for it doesn't and if it depends on spot prices, its ethane shipments from the US will become really handy at this juncture. Two shipments are landing up ahead. 8Then again, now that the affiliate restriction on the buying of gas has been lifted, RIL, which in any case is the largest gas buyer in India, can end up also being the biggest buyer of gas from its KG Basin discoveries. Around 7 mmscmd of gas is being auctioned out in February by the RIL-BP duo. And these imports come in at Dahej and Sikka and they consist of 8Ethane 8Benzene 8Acetic Acid 8Ethylene 8Methanol 8Paraxylene Click on Reports for more.Details