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Archives


All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.


Mar 2020

Project Name: Hope Town Greenfield Power Plant Project
8It was meant to be have been set up with an attendant LNG terminal
8Find out what is the status
Click here for more details Details
Ammonia Brownfield Project
8Cost - Rs 250 crore
8Project Event: The project is in the initial phase and discussion is ongoing, RFQ for the process licensor is likely to be released in May 2020. Still the preparation of the EIA report is ongoing, a proposal for the environmental clearance is likely to be submitted in April 2020.
Click here for more details

Energy Saving-cum- Ammonia-Urea Expansion Project

8Cost - Rs 540 crore
8Project Event: Critical equipment purchase is ongoing, the maximum long lead item has reached the site in December 2019, other types of equipment like Drum and vessel have not reached the site, The construction is likely to be start in May 2020 in place of March 2020. The project is likely to be commissioned in April 2021.
Click here for more details
(
Available through www.indianfertilizer.com)
Details
For reference purposes the website carries here the following tenders:
8Supply of Instrumentation Tubes & Fittings Details
8Supply of ABB india limited make gas chromatograph spares at refinery Details
8Repair and maintenance of Insulation works during shutdown 2020 in refinery Details
8Supply of Gas Turbine Spares Details
8Plantations in Pet Coke and green belt areas of Panipat Refinery and Petrochemical Complex Details
8Civil works for execution of various process schemes inside refinery Details
8Procurement of Bearings at refinery Details
8AMC for carrying out various Instrumentation works under MOC jobs at refinery Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Subsidised LPG price hiked by Rs 35.55 in 5 months: Pradhan Details
8Vedanta Cairn Oil and Gas planning to invest Rs 650 crore to develop Andhra block Details
8Oil prices to range between $35-40 in 2020, may cut India’s oil import bill 8 per cent Details
8HPCL commissions its first petrol pump in Bhutan Details
8GAIL in talks to buy stake in ACME Solar Holdings Details
8Coronavirus: Petrol pumps in Mumbai region want to operate only for 10 hours daily Details
8Moody's downgrades Occidental Petroleum's debt rating to 'junk' Details
8'Oil slump to help offset coronavirus' impact on economy' Details
8Demand for petrol, diesel falls even on lower retail prices Details
8Shell books supertanker to store crude oil at sea: sources Details
8Coronavirus spread: Tumultuous time ahead for energy market, says Cornwall Insight Details
8Oil rockets nearly 20 per cent as investors hail coronavirus stimulus spending - for now Details
8Oil industry may fill global storage in months as record glut builds Details
8Oil and gas lease bidding in Gulf of Mexico drops anew Details
8Majors look to store jet fuel at sea as air travel drastically curbed Details
8BP prepares to store jet fuel at sea as glut looms Details
You can also click on Newsclips for more   Details
8ONGC has issued clarifications on GST payments to offshore rig operators
8Overhauling job coming up for ONGC's MODU Sagar Vijay Details
8Project Name: Laiplingaon Oil Field Development
8Project Cost: Rs 271 crore
8Project Description: Oil and Natural Gas Corporation Limited RFQs for the 5 well exploratory drilling project in Sivasagar District of Assam have been delayed on account of delay in TOR extension.
Click here for more details
Details
DSF Round-1 operators are halting work, now tha crude prices are below the $30 mark. financial slowdown that is currently going on, work on the project. Here is one pretty well known private operator who has done it.
8Project Name: Prominent DSF Round-1 field
8Project Cost: Rs 200 crore
8Project Description:The operator seems to have partially halted work, amidst the financial slowdown that is currently going on, work on the project. 
Click here for more details. Details
8IOC's 33,500 work force may face some trimming.
8New parameters to cull out the inefficient and those with integrity problems have been evolved Details
8Project Name: Sangli and Satara Districts City Gas Distribution
8Project Cost: Rs 300 crore
8Project Description:Gas is expected to be drawn from GAILs Dabhol-Bangalore Natural Gas Pipeline through a spurline to Sangli.
8Project Event: RFQs for laying and construction of MDPE pipeline network and associated works is expected later in Q3, 2020.
RFQs for equipments for CGS station and auxiliaries are expected by Q4 2020.
RFQs for CNG compressors and associated auxiliaries are expected by Q1 2021.
RFQs for CNG dispensers are expected by Q1 2021.

Click here for more details
8
Project Name: Ahmednagar and Aurangabad Districts City Gas Distribution
8Project Cost: Rs 300 crore
8Project Description: Gas is expected to be drawn from IOCL Koyali-Ahmednagar-Solapur Natural Gas Pipeline through the Ahmedpur spurline.
8Project Event: RFQs for laying and construction of MDPE pipeline network and associated works is expected later in Q3, 2020.
 RFQs for equipments for CGS station and auxiliaries are expected by Q4 2020.
 RFQs for CNG compressors and associated auxiliaries are expected by Q1 2021.
 RFQs for CNG dispensers are expected by Q1 2021.

Click here for more details Details
8Now that ES Ranganathan, the current MD of Indraprastha Gas Ltd is moving on to his parent company as marketing director, who is likely to replace him at the CGD entity?
 Click on Details for more. Details
Has Petronet LNG abandoned its plans to invest in Tellurian's LNG facility at Driftwood?
8It has hired a new consultant now to look for fresh long term quantities.
Click on Details for more Details
Ammonia Greenfield Project
8Cost - Rs 2773 crore
8Project Event: The project is likely to be submitted for environmental clearance in April 2020. The company needs Rs 600 to 700 crore addition capex which is still under process. The RFQ for the contractor is likely to be released in April in place of March 2020 due to a delay in capital approval as well as protracted internal discussions.
Click here for more details

NPK-TSP-GSSP Greenfield Project

8Cost - Rs 100 crore
8Project Event: The proposal for the term of references has been granted for environmental clearance and the proposal for the environmental clearance is likely to be submitted in April 2020. RFQ for the EPC contractor is likely to be released in April 2020.
Click here for more details.
Details
Tata Projects is notorious for its ability to bargain down the price to be paid to a vendor
8But with this global technology supplier for a refinery project, its attempts to bring down the price tag did not bear fruit
Click on Details for more Details
8Project Name: Development Drilling and Production
8Project Cost: Rs 2393.51 crore
8Project Event: RFQ for the hiring of equipment and oil field services is expected by May end 2020 instead of March
Click here for more details

8Project Name: Bhuvanagiri Development Drilling
8Project Cost: Rs 3750 crore
8Project Event: RFQ for the hiring of EIA services is expected by May end 2020.
-- RFQ for the hiring of a Horizontal Drilling services is expected by May end 2020.
-- RFQ for the hiring of an EPC contractor for EPS expansion is expected by June 2020.
Click here for more details
Details
The coronavirus seems to be impacting the oil & gas industry in peculiar ways
8Here is one Rs 1300 crore E&P project, with a 37-well exploratory drilling plan, where a long pending public hearing process has been put off on account of the virus attack
8In the meanwhile, ONGC owned rig mobilization tender will be floated post the conduct of public hearing. The equipment required for the project will be Mud logging, Slickline and Wireline Services.
Click here for more details
Details
PLL has lost the argument for a reduction in the price of long term LNG with Qatargas
8"It is unlikely that the argument can be revived anytime soon," industry sources said
Click on Details for more Details
8Project Name: Chatra and Palamu Districts City Gas Distribution
8Project Description: The project is under its first phase. Gas is expected to be drawn from GAIL's Jamshedpur-Haldia and Bokaro-Dharama Natural Gas Pipeline through a spur line to Chatra spur-line.
Click here for more details
8
Project Name: Balliari and Gadag Districts City Gas Distribution
8Project Description: The project is under its first phase. Gas is expected to be drawn from GAIL's Dhabol-Bangalore Natural Gas Pipeline through a spur line to Gadag
Click here for more details Details
Project Name: Kakinada-Srikakulam Greenfield Natural Gas Pipeline (APGDC)
8
Project Cost: 1632 crores
8Project Description: MECON fails to get automatic second phase PMC contract
8Find out what kind of RFQs are coming up ahead
Click here for more details Details
8Project Name: Sidhi and Singrauli Districts City Gas Distribution
8Project Description: The project is under its first phase. Gas is expected to be drawn from GAIL's Thulendi-Phulpur Natural Gas pipeline through via virtual pipeline to Sidhi.
8Project Event: RFQs for laying and construction of underground steel pipeline network and associated works is expected later in Q4, 2020.
 RFQs for laying and construction of MDPE pipeline network and associated works is expected later in Q4, 2020.
RFQs for equipments for CGS station and auxiliaries are expected by Q4 2020.
RFQs for CNG compressors and associated auxiliaries are expected by Q1 2021.
RFQs for CNG dispensers are expected by Q1 2021.

Click here for more details
8Project Name: Bilaspur, Hamirpur, and Una Districts City Gas Distribution
8Project Description: The project is under its first phase. Gas is expected to be drawn from GAIL's Dadri-Bawana-Nangal Natural Gas Pipeline through A Nangal-Una virtual pipeline.
Click here for more details Details
For reference purposes the website carries here the following tenders:
8Supply of Rotameters at refinery Details
8Annual Rate Contract for overhauling of Electrical Motors Details
8Supply, Installation & Commissioning of Rockwell PLC Hardware Details
8Procurement of 10 inch Turbine Flowmeters Details
8Supply of Pipe Fittings as per tender Details
8Supply of Valves Details
8Supply of Mass Flow Meters Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8IOC plans LPG bottling plant in Mizoram, upgrade 100 retail Details
8Petrol, diesel prices remain unchanged on Tuesday Details
8ONGC starts pumping gas from KG block Details
8OMCs look at more spot buying of crude with prices falling Details
8Nayara Energy to invest Rs 6,100 crore to set-up 450 KTPA polypropylene plant at Vadinar Details
8Lower spot LNG prices may boost margins of city gas distribution companies Details
8Domestic fuel demand drops 10 per cent as coronavirus spreads Details
8Tamil Nadu Chamber of Commerce & Industry flays govt for hiking fuel price Details
8Businessmen up in arms against excise duty on fuel Details
8US could start buying crude for strategic reserve in two weeks Details
8Asian refiner profits for transport fuels plunge on virus-fighting measures Details
8France's Total makes gas discovery in the North Sea Details
8Virus-hit Gulf has little room to boost revenue after oil price shock Details
8Crude oil futures rise 2.96 pc on global cues Details
8China makes biggest price cuts on retail gasoline, diesel since 2013 Details
8Kosmos Energy scraps dividend, cuts spending on oil price plunge Details
8Crude oil prices jump over $1 as sharp falls draw bargain buyers Details
8UK: Gas Undersupply lifts day-ahead contract, curve slips on demand woes Details
8Brent's discount to Dubai Swaps widens to new record of $3.08/bbl Details
8Glencore charters world largest tanker to store crude at sea: sources Details
You can also click on Newsclips for more   Details
What kind of steps are US shale producers, most of which budgeted for oil between $55 per barrel and $65 per barrel in 2020, taking as of now?
8There are some U.S. shale companies who operate in fields where the average new well costs are below $35 per barrel. How are they thinking about the crisis?
8Saudi Aramco is cutting capital spending too, by how much?
8The current crude market is over supplied by around 5 million barrels per day, know more
8What are the global best practices to follow for the coronavirus?
8As prices fall, money managers raised their net long U.S. crude futures and options positions
Click on Reports for more Details
An Indian buyer of crude has hired a VLCC at the rate of $410,000 per day
8It is an unprecedented record
Click on Details for more Details
E&P equipment and service suppliers may end up facing buyers' resistance now that crude prices are ruling at at a historic low.
8Globally, oil & gas suppliers have already been asked to provide discounts and it will not be long before the same story in repeated in India
8Find out more on how Indian markets are going to be impacted
Click on Details for more Details
The US sanction is only on a Rosneft subsidiary, but big buyers have started keeping a distance not just from the subsidiary but also all deals related to Rosneft
8No one it seems wants to take the risk
8What should Indian buyers do?
Click on Details for more Details
Find out more on what really happened to the accident involving a heavy-lift pipe lay vessel involved with L&T's Cluster-8 development project in the western offshore area
8The project involves three new wellhead platforms, one new wellhead-riser platform and  includes 90 kilometres of subsea pipelines across multiple offshore segments.
Click on Details for more Details
Asymptomatic transmission makes the COVID-19 an elusive enemy and different from its older cousins, SARS and MERS. The bubonic plague that left millions dead in the 17th century was a killer like the COVID-19. "It was impossible to know the infected people from the sound," Daniel Defoe wrote in his book on the plague, A journal of the plague year, "their hands would infect the things they touch," he said
8The number of cases is business?
8Here is a full guide on how the virus can impact you economically, and what are the various implications of this attack on us
Click on Reports for more Details
Cairn India had drawn up a $800 million exploratory budget for its new E&P blocks
8A total of 192 exploratory wells are to be drilled
8Seismic tenders have been awarded in the North East and other parts of the country
8With oil prices plunging, looks like the company has made changes in its capex plans and these may impact vendors who were already awarded jobs or were about to be awarded.
8Find out more on what are the company's internal crude price targets for exploratory and development drilling.
Click on Details for more Details
What is the status on first gas from the block?
8Has gas started rolling out, and who is buying the gas?
Click on Details for more Details
Technip had prepared the FEED for the Koyali refinery expansion project
8But capital approval has still not come in, it was expected last year, then again in January
8When is it likely now? Details
May 12 is the submission deadline for the slot of director marketing of IOC
8Know more about who are in the race
Click on Details for more Details
Who is going to be the next ONGC boss?
8There is much speculation going around
Click on Details for more Details
8Project Name: Shipahijala Exploratory Drilling
8Project Cost: Rs 2850 crore
8Project Event: RFQ for the hiring of an EIA consultant is expected by June 2020 instead of March
Similarly RFQ for the hiring of seismic survey services is expected by Q3 2020.
Click here for more details

8Project Name: Aliabet Oil Field Development
8Project Cost: Rs 156.4 crore
8Project Description: Oil and Natural Gas Corporation Limited's is expected to release the RFQs for the hiring of EPC contractor for the laying of a 4" diameter 35 km test line along with the laying down of flowlines for connecting with the 6" diameter 35 km common trunk line from the Aliabet field to the CTF Ankleshwar by May 2020.
8Project Event: RFQs for hiring of EPC contractor is expected by June 2020 now
Click here for more details

8Project Name: Dholasan Oil Field Development
8Project Cost: Rs 200 crore
8Project Description: Gujarat Natural Resources Limited is expected to release the RFQs for the hiring of equipment for its marginal field Dholasan by May 2020.
Click here for more details
Details
Multi-product pipeline
8
Project Cost: 1600 crore
8Project Event: RFQ for EPC for laying of pipeline is expected by May-2020.
Click here for more details Details
For reference purposes the website carries here the following tenders:
8Procurement of Heat Exchangers Details
8Procurement of Switches and Lamps for panel of Coke Cutting System Details
8Supply of Centrifugal Pumps in refinery Details
8Civil, Mechanical and Electrical Works for Construction/ Development/ Modernization of various new and existing Retail Outlets Details
8Patrolling and Surveillance of Mangalore Hassan Mysore Bangalore LPG Pipeline Details
8Supply and Installation of Flow Computer for Debottlenecking project Details
8Supply of Self Regulating Pressure Control Valves Details
8Inspection, repair and high speed balancing of Compressor rotors installed at refinery Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Govt gains Rs 3,950 crore from 100 per cent ONGC payout amid oil price crash Details
8Bihar: Substantial fall in petrol, diesel sales Details
8India plans to top up strategic tanks with cheap Saudi, UAE oil Details
8Net margins of Oil Marketing Companies to remain high despite absorbing excise duty hike: ICICI Securites Details
8Fuel prices across the country fall as Oil Marketing Companies absorb excise duty hike Details
8Oil plunge sets off search for tanks, revives dormant Cushing storage trade Details

8Nomura maintains buy on GAIL, cuts target price to Rs 140 Details
8OPEC+ calls off Wednesday technical talks: source Details
8Developing nations may lose up to 85 per cent of oil and gas income this year: IEA, OPEC Details
8Shale gas pioneer Chesapeake Energy taps restructuring advisers -sources Details
8Oil prices jump $1 as recent sharp falls draw investors Details
8Oil and gas conference in US postponed over coronavirus pandemic Details
8Crude oil futures plunge on weak global cues Details
8Sharper cut in fuel prices possible if oil cos reduce margin Details
8Oil slumps again as coronavirus hits demand and price war bites Details
8China says cross-region oil and gas transmission fee set by central govt from May 1 Details
8UK: Gas Prices fall as lower demand from coronavirus spread weighs Details
8PetroChina snaps up 2 mln bbls of Mideast crude during Asia trade: sources Details
You can also click on Newsclips for more   Details
Eyebrows are being raised over the kind of tolling agreement that IOC and GAIL is entering into for the Adani built Dhamra LNG terminal
8The following question is being raised; Did the duo enter into a deal for 4.5 MMTPA of LNG at the price of Rs. 60.18/mmbtu escalation at 5% per annum on use or pay basis for 20 years outside of a tender process.
8This reportedly works out to Rs. 1400 crore of payment to be made to Dhamra in the first year and Rs. 46000 crore over 20 years?
Click on Details for more Details
HPCL's Rajasthan refinery may follow a "dual-speed" model, it looks like.
8What does that mean?
Click on Details for more
Details
From cutting production to keep supplies down so that prices stay high, the global crude market has suddently changed colours, entering into a grossly over supplied. phase
8Saudi Arabia is threatening to raise supply from 9.7 million b/d to 12.3 million b/d. and the UAE is joining in with output going up to 4.0 million b/d from 3.2 million b/d in February
8Goldman Sachs has indicated that there may well be a surplus of about 6.0 million b/d by April.
8This would require a need to either store or ferry this higher volume of crude.
8Freight rates have gone up to an unprecedented $370,000 daily. The sustainability of such rates however remains uncertain
8Find out more on how the crude market has gone berser
Click on Reports for more. Details
Petronet LNG Ltd has begun a series of knowledge dissemination programs on the LNG industry
8"Gas is now playing an increasingly important role, particularly imported LNG. It is a knowledge intensive industry, and we want to ensure that key stakeholders are up to mark," an company official told this website
Click on Reports for more Details
ONGC's 10-vessel tender has been extended again
8Find out when is the next bid submission date
Click on Details for more. Details
The deal for supply of bulk CNG -- canvassed as 40-50% lower on water costs than than LNG --in the West Coast of India thorough custom-built seems to have run into trouble.
8Viability of this model --  that on a volume basis, and within a distance of 1,500km, where a pipeline isn’t a feasible option , CNG is the lowest cost gas transport solution for the commercialization of gas production.-- stands questioned, it is learned
Click on Details for more Details
What is the latest status on the Sulphur recovery unit of Rajasthan refinery?
8The L-1 bidder's price is much above the reserve price set by HPCL
8So what is going to be the way ahead Details
8Project Name: Amreli District City Gas Distribution
8Project Description: Gujarat Gas Limited has been granted permission on May 27, 2016, to set up a CGD network in Amreli District of Gujarat. The entity won the project under the 6th CGD bidding round. The CGD network has a coverage area of 2817 sq. km.
 Gas is being drawn from GSPL's high-pressure natural gas pipeline network through Amreli spur-line.

8Project Event: RFQs for laying and constriction of underground steel pipeline network and associated works are expected later in Q4, 2020.
 RFQs for laying and constriction of underground MDPE pipeline network and associated works are expected later in Q4, 2020.
RFQs for equipments for CNG stations and auxiliaries are expected by Q2 2021.
RFQs for CNG dispensers are expected by Q2 2021.

8RFQ Date: Q4/2020
8Release Date: Q1/2021
8Start Date: Q1/2017
8Completion Date: Q4/2022
Click here for more details

8
Project Name: Dahej Vagra District City Gas Distribution
8Project Description:  Gas is being drawn from GSPL's Hazira- Ankleshwar natural gas pipeline through Ankleshwar- Dahej spur-line.
Find out more on what kind of RFQs are ahead
Click here for more details
Details
For reference purposes the website carries here the following tenders:
8Hiring of UBD expert Professional for consultancy for Drilling with UBD Technology at Mumbai Offshore Details
8Hiring of Block Auditor for 9 Blocks to carry out the Accounts Audit for FY 2019-20 & 2020-21 Details
8Supply and Installation & Commissioning of Trailer Fire Pumps Details
8Supply of U Tube Bundle Assembly as per tender Details
8Procurement of Control Valve for DCU heater pass flow Details
8Procurement of Metering Skids (USM Based) for BGPL Project Details
8Hiring of Expert Services for Onsite Revalidation of Orifice Metering Details
8Annual Civil Maintenance Works at Compressor Station Details
8ARC for Climatizer for coke drum repair related jobs at DCU Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Abundant supply, lower prices make automotive LPG promising fuel for future Details
8Low crude rates to boost valuation of govt share in BPCL Details
8Kerosene subsidy removed via small price hikes over 4 years Details
8Hydrogen-CNG buses likely to hit Delhi roads from next month Details
8Oil & gas stocks drop up to 15 pc as crude dives; BPCL biggest loser Details
8Petrol, diesel could get cheaper by as much as Rs 8 by next week: Report Details
8IOC declares Rs 4.25/share interim dividend, govt to get Rs 2,060 cr Details
8Goa: Coastal body seeks green study for laying gas pipeline Details
8Govt raise excise duty on petrol, diesel by Rs 3 per litre Details
8Excise duty hike on petrol, diesel: Govt to garner Rs 39,000 crore Details
8Oil India signs crude sales agreement with Numaligarh Refinery Details
8Petrol price hike: Cheaper to fly in a plane than driving a car, says AAP Details
8NCP-Congress hit out at Modi govt for petrol, diesel excise duty hike Details
8Petrol price cut by 12 paise per litre, diesel by 14 paise Details
8Lower cut in oil prices ahead as oil cos factor in higher excise duty Details
8Saudi Arabia confirms extra April oil supplies to customers in Europe Details
8Saudi Arabia floods markets with $25 oil as Russia fight escalates Details
8Coranavirus case forces Equinor to pause Martin Linge oil project Details
8BP eyes lower spending after shares drop to 24-year low Details
8Oil prices set for biggest weekly drop since 2008 Details
8Oil-hedge strategy that failed shale in 2014 burns it again Details
8New platform increases Iran's oil production by 6,000 bpd - IRNA Details
8Oil slump worsens lowflation risks central banks can’t ignore Details
8Russia faces 2020 budget deficit of 0.9% of GDP at current oil prices Details
8Dip in natural gas price next month to benefit consumers, industries Details
8Oil giants set health checks for critical staff, work-from-home rules Details
8Aramco to cut capital spending over coronavirus; 2019 profit plunges Details
You can also click on Newsclips for more   Details
Fertilizer industry gas consumption data is always difficult to get for an average gas supplier, outside of GAIL
8Here is a lot of data on the industry's plant-wise gas yearly consumption over two years in following terms
 -- Name of the unit
 -- Consumption in terms of mmbtu (GCV & NCV, gas quantity, marketing margin, transportation cost, VAT, CST, Octroi, Entry Tax, Rate/mmbtu)
This is an extremely detailed database wihch will be of great importance, as the data is rare and will help gas suppliers have a granular look at the fertilizer industry consumption matrix, given that it is the largest consumer of LNG in the country
Click on Reports for more Details
It is an extraordinary tale of innovation by a local refiner
8Its R&D team has patented what is called a "crude horoscope predictor" that generates crude oil profiles -- involving some 500 properties -- within an hour whereas conventional tools take around 3-4 weeks
Click on Reports for more Details
DAP/NPK Greenfield Project
8Cost - Rs 300 crore
8Project Event: A consultant has been selected for the preparation of the Techno-Economic Feasibility Report. Based on the feasibility report of PDIL, future action shall be planned. The Feasibility study is still ongoing, and in all liklihood, RFQ for the EPC contractor is likely to be released in April 2020 in place of March 2020 due to delays.
Click here for more details
Ammonia-Urea Brownfield Project
8Cost - Rs 4933 crore
8Project Event: The project is still in discussion for JV finalization, finalization has now been put off till April 2020. There is a delay on the part of the Department of Fertilises in finalization the process. RFQ for the PMC contractor is likely to be released in April 2020.
Click here for more details
(
Availabel through www.indianfertilizer.com)
Details
8Project Name: Drilling Site Development
8Project Cost: Rs 30 crore
8Project Description: Oil and Natural Gas Corporation Limited was expected to release the RFQ for the chartered hiring of a workover rig with a capacity to drill upto 2000 meter for a 3 year period  in Februry but the date has now been put out off till April 2020.
8Project Event: RFP for a workover rig is expected by April 2020 now.
Click here for more details Details
Project Name: Refinery Residue Up-gradation Project
8
Project Cost: 7000 crore
8Project Description: The owner has selected the PMC-cum-EPCM for the greenfield hydrogen-based residue up-gradation unit
8Project Event: RFQ for the EPC is expected by May-2020.
Click here for more details Details
Ordinarily a black swan event like the coronavirus should have prompted crude carrier rates to race to the bottom
8But a chartering frenzy brought about a 10 foled increase in VLCC rates within a short 72-hour period
8How long are these rates expected to stay up?
Click on Details for more Details
The forward curves for LNG are showing negative margins for LNG terminal owner beginning this month and going up to November, 2020.
8With European storage capacity at the brim, LNG prices could fall even further before terminal shutdowns take palce, not just in the US but elsewhere too
Find out more Details
8Project Name: Development Drilling
 
8Project Cost: Rs 5000 crore
--  RFQ for a EPC contractor
for FGGS, GGS, OCS, QPS at several locations expected by Q3 2020.
--  RFQ for a drilling rig is expected by Q3 2020.
Click here for more details
Details
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