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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

8Project Name: Development drilling project
8Project Cost: Rs 800 crore
8Project Description: The owner is embarking on a project involving development drilling of 21 wells but clearances are getting delayed.
8Project Event: RFQ for hiring rig services is expected by May end 2020 instead of Q-1 anticipated earlier.
RFQ for an EPC contractor for FGGS and the pipeline network is expected by May end 2020.
Click here for more details
Details
Two more city gas distribution projects have been added to our database. Know what kind of business development opportunities are coming up ahead
8
Project Name: Sirsa, Fatehabad and Mansa Districts City Gas Distribution
8Project Description: Gujarat Gas Limited has been granted permission on March 29, 2019, to set up a CGD network in Sirsa, Fatehabad and Mansa districts of Haryana and Punjab. The entity won the project under the 10th CGD bidding round. The CGD network has a coverage area of 4395 sq. km.
Gas is being drawn from GIGL's Maehsana- Bhatinda natural gas pipeline thorugh a spur-line to Sirsa.

Click here for more details

8
Project Name: Narmada (Rajpipla) District City Gas Distribution
8Project Description: Gujarat Gas Limited has been granted permission on September 6, 2018, to set up a CGD network in Narmada (Rajpipla) of Gujarat. The entity won the project under the 9th CGD bidding round. The CGD network has a coverage area of 2817 sq. km.
The project is under its first phase. Gas is being drawn from GSPL's Hazira- Ankleshwar natural gas pipeline through Rajpipla-Ankleshwar spur-line.

Click here for more details
Details
For reference purposes the website carries here the following tenders:
8Annual Civil Maintenance Works at Malanpur, Kailaras Compressor Station Details
8Hiring Services for carrying out Housekeeping and Peripheral Services Details
8Supply of Gasoline Sulphur Reduction (GSR) Additive for FCCU-II in refinery Details
8Transportation of Bulk POL products MS HSD and Branded fuels by Road Ex Miraj IRD Details
8Providing Services of repairing Jobs of Steel & Wooden Furniture Details
8Two Years Rate Contract for operation of pet coke handling system of refinery Details
8Procurement of Natural Gas Regulators for BGRL/ BPCL CGD projects Details
8Hiring of Nitrogen Pumping Unit Services on Call-out Basis Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8RIL buys 2 million barrels extra Saudi oil for April loading: Sources Details
8BPCL buys 2 million barrels extra Saudi oil for April Details
8India's fuel demand rose 4.5 per cent in February Details
8Petrol, diesel prices continue to fall, significant cuts likely in next few weeks Details
8Petrol, diesel prices cut further as crude rates fall Details
8From YES Bank failure to oil crash: How India can deal with myriad of risks Details
8Facility to turn plastic into fuel in the offing in Haridwar Details
8Low crude rates to boost valuation of govt share in BPCL Details
8Saudi refuses to give extra April crude to at least three Asian refiners - sources Details
8Saudi Aramco shares down 5 per cent in early trade on oil price plunge Details
8Booking frenzy sends oil tanker rates soaring as OPEC opens crude taps Details
8Low oil prices heighten global oil and gas companies' financial risks: Moody's Details
8Chinese funds curb subscriptions to oil investments amid global price rout Details
8Australia's Santos says $2 bln Narrabri project referred to planning commission Details
8Shell CEO's 2019 pay halves after fatalities, revenue fall Details
8Petrobras cuts fuel prices in Brazil for first time since oil price collapse Details
8Abundant supply, lower prices make automotive LPG promising fuel for future Details
You can also click on Newsclips for more   Details
Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: The procurement and installation work is ongoing, bids for the Bagging Building, Wagon Loading Platform, Conveyor Gantry, Transfer Tower and Pipe Rack Structure for the Ammonia-Urea Fertilizer plant have been released but the due date had to be extended from 31 January 2020 to 3 March 2020 but due to lack of bidders. Eventually, the tender was canceled on 5 March 2020. The company is also planning to re-release the tender at the first week of April 2020. The project is likely to be commissioned in December 2021 and not earlier as was envisaged.
Click here for more details
Ammonia-V Revamp Project
8Cost - Rs 102 crore
8Project EventThe detail engineering has been completed, NIT for the ammonia wash column & ammonia chiller knock out drum and surge vessel is out and the bid due date is 19 & 17 March 2020 respectively. PDIL is the PMC. The material indenting process is ongoing, NIT for the Hot Water Preheater & Syngas Interstage Chiller have due dates on 8 April 2020. A tender for an ammonia chiller has a bid closing date iof 4 April 2020. Interesting finding bidders in adequate numbers or qualification seems to have become a problem
Click here for more details
(
Available only through www.indianfertilizer.com)
Details
8Project Name: Bengaluru Rural and Urban Districts City Gas Distribution
8Project Description: GAIL Gas Limited, has been granted permission on February 18, 2015, to set up a CGD network in Bengaluru Rural and Urban districts of Karnataka. The entity won the project under the 4th CGD bidding round. The CGD network has a coverage area of 4395 sq. km.
8For an overall timeframe of 5 years, GGL is expected to provide 131156 piped natural gas connections and lay 1582.2 inch-km of steel pipeline. The project is under its first phase. The second phase of the project is expected to start by end of this year. MECON Limited is the EPMC for the said project.
8Gas is being drawn from GAIL's Dabhol-Bangalore natural gas pipeline thorugh a spur-line to Bangalore. The operator had also floated a tender for EPMC for the phase 2 of the project with submission date on March 5, 2020. The operator has floated tender ball valves with end date on March 16, 2020.
8The project will require line pipes; carbon steel pipes; polyethylene pipes; galvanized iron pipes; copper tubes; piping system components such as pipeline valves, stud bolts, and nuts; pressure relief valves, slam-shut valves, steel gate, globe, and check valves; metal ball valves; steel pipeline flanges; steel line blanks; gaskets; copper fittings; pressure safety equipments such as regulators, slam shut valves and creep relief valves; filters; metering equipments such as pressure gauges, gas meters, orifice meters; odorizing units; compressors; pumps; etc.
8Project Event: Find out more on what kind of RFQs can be expected going ahead
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Details
What is the latest status on 2G bio-refinery projects in India. Has the initiative fizzled out after the award of one contract in the petroleum minister Dharmendra Pradhan's home state to Tata Projects
8There are doubts over both technology and project viability. Costs are turning out to be more than what was earlier accounted for
8For new projects, the management is now withholding capital sanction
8Here is an example of what is going on
Click here for more details Details
8Project Name: MN-ONHP-2018/4 Block Exploration
8Project Cost: Rs 200 crore
8Project Description: Oil India Limited has awarded the contract for the hiring of services for 3D seismic data acquisition and processing of 330 sq. km. Find out to who and at what cost.
8Project Event: RFQs for EIA consultant for the block is expected by May 2020.
RFQs for charter hire of drilling rig package is expected by Q1 2021.
Click here for more details

8Project Name: MN-ONHP-2018/3 Block Exploration
8Project Cost: Rs 200 crore
8Project Description: Oil India Limited has awarded the contract for the hiring of services for 3D seismic data acquisition and processing of 330 sq. km in MN-ONHP-2018/3 block for a bid price of Rs 68.24 crores.
8Project Event: RFQs for EIA consultant for the block is expected by May 2020.
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8Project Name: GSKW Offshore Block Exploration
8Project Cost: Rs 600 crore
8Project Description: Oil India Limited has awarded the contract for the pre-drill EIA and EMP studies for KG/OSDSF/GSKW/2018. Find out who it was awarded to. In the meanwhile, the tender for well engineering and well supervision for drilling and testing shallow offshore appraisal/ development wells is yet to be issued to the shortlisted parties ie Halliburton, Baker Hughes, Schlumberger and a few others. Furthermore, RFQs for a Mobile Shallow Offshore Drilling Unit (Jack up / Mat Type) are expected soon.
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8Project Name: MN-ONHP-2018/1 -C2 Block Exploration
8Project Cost: Rs 150 crore
8Project Description: Oil India Limited has awarded the contract for the hiring of services for 2D seismic data acquisition and processing of 1002 LKM in MN-ONHP-2018/1 Cluster 2 block in Mahanadi Basin.
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8Project Name: MN-ONHP-2018/5 Block Exploration
8Project Cost: Rs 150 crore
8Project Description: Oil India Limited has awarded the contract for the hiring of services for 1002 LKM 2D and 400 LKM 3D seismic data acquisition and processing in MN-ONHP-2018/5 block in Mahanadi Basin
Click here for more details
Details
Why has the 3D seismic survey market become monopolistic?
8This is because long established players have exited the business
Click on Details for more Details
Offshore 3D shallow water data acquisition has become a monopolistic business
8Just one company seems to be dominating it, leaving the likes of ONGC with no option but to end up awarding a big contract to the sole bidder
Click on Details for more   Details
For reference purposes the website carries here the following tenders:
8Supply of Howden Thomassen Make Hydrogen Compressor Spares Details
8Marine cargo insurance coverage for chartered liability for LNG imports Details
8Supply fabrication and laying stainless steel pipes and associated flanges for providing ATF storage tank sampling lines Details
8Providing Software Support Services Details
8Installation & Commissioning of Clean Agent Fire Extinguishing System Details
8Procurement of stainless steel pipes and fittings Details
8Procurement of around 128 crore litres of bio diesel Details
8Procurement of Butterfly valves Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Petrol, diesel prices cut by over Rs 2 today Details
8Slump in crude prices could mar BS Yediyurappa’s plan to leverage revenues Details
8Essar to further cut down debt by 70 per cent in last leg of deleveraging exercise Details
8Cut oil prices, demands Congress Details
8Indian Oil to supply BS-VI fuels with world-class norms in Telangana from April 1 Details
8From waste to fuel: How Doon is leading the way in setting up plastic banks for sustainable management of trash Details
8Cut excise on petroleum products to lower prices: PHDCCI Details
8Paradip-Hyderabad pipeline in advanced stage of completion Details
8Oil falls sharply as US bans travel from Europe over pandemic Details
8Oil-producing US states to lose revenue as crude prices collapse Details
8OPEC slashes 2020 oil demand view on coronavirus, sees more downside Details
8Saudi oil price cut piles pressure on Russian oil export blends Details
8Saudi provisionally charters 19 supertankers, six to US as global oil price war heats up Details
8US crude output growth to slow, oil prices to slump Details
8Russia to OPEC: deeper oil cuts won't work Details
8Russia's Lukoil calls for oil producing states to cooperate over virus impact Details
8Lower oil prices to provide tailwinds to Indian economy: Kotak Details
8Oil price collapse sours $310-million deal for failed shale producer Details
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India has come a long way from the early eighties, when the indigenous component in the capital goods industry in the refinery segment was a mere 10-15%. Currently, the levels are at 85-90%
8In petrochemicals and gas processing, however, the foreign component in capital goods is significantly higher
8This is the reason why a foreign contractor can still deliver a competive package in petrochemicals and gas processing better than a domestic one.
Click on Reports for more Details
The fall in crude prices is bad news for gas producers in India
8RIL's 5 msmcmd of gas, which was auctioned away earlier at slopes to Brent which were significantly lower than those of PLL with Qatar Gas, will bring in considerably lower money if crude prices, which have crashed last week, remain lower by the time supplies actually begin.
8We know for sure that ONGC's breakeven levels for KG-DWN-98/2 gas is above $6/mmbtu but we do not know what exactly is RILs' breakeven price is for its R-Cluster gas, only that it is lower than that of ONGC on account of infrastructure already in place in the field
8While the breakeven level is not known,  RIL's gas revenue calculations are simple, and the website carries them in the Details section,
8Also,  gas producers are now squeezed between a rock and a hard place, as both pricing bandwidths, spot gas and oil indexed prices, to which free pricing in India is now inextricably linked, are witnessing unprecedently depressed levels. Spot JKM levels were at $3.29/MMBtu on Tuesday, indicating that LNG cargoes would still be cheaper than oil-indexed term supplies after crude fell below $35/b but the gap with hub prices is narrower now. Details
There were quote a few in the race
8Find out who is likely to be the front runner Details
8Project Name: CB-ONHP-2018/2 Block Exploration
8Project Cost: Rs 384 crore
8Get an update on this project, what kind of RFQs have come, which RFQs are expected next
Click here for more details
Details
8Oil and Natural Gas Corporation Limited's plans for the sale of about 0.4 MMSCMD of gas at 15 kg./cm2 pressure from the Khubal Block (AA-ONN-2001-1) in Tripura have some buyers, it seems
Click on Details for more Details
The PNGRB is not providing much cushion for those who are infringing on other geographical areas (GAs) to set up their facilities
8A series of ruling have established that every entity must stay within its defined area of operation
8Here is one more instance where, a CGD entity has been told to stay off the grass on the other side.
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Get to know more about why the LNG producers market is countercyclical in nature
8Even though gas prices are at an all-time low, and there is a no requirement for new capacity as of now, there is still a lot of enthusiasm to build more
8The US government is also being pressurized by potential capacity builders to do more.
 Click on Reports for more Details
8Project Name: Vadodara District City Gas Distribution
8Project Description: 
8Gas is being drawn from GAIL's Dahej-Vijaipur Natural Gas Pipeline Network through a spur line to Vadodara. The operator has floated tenders for GI pipes and CNG stationary cascades.
8But more RFQs are expected going ahead
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Details
A product pipeline expansion is coming up
8The price tag is high at nearly Rs 4000 crore
8RFQs are expected ahead for pipes and pumps
Click here for more details. Details
More Chinese LNG buyers have invoked force majeure caveats to postpone LNG purchases.
8But force majeure cases are rarely straightforward and even a specific reference to a potentially relevant event (like ‘epidemic’, ‘quarantine restrictions’, or ‘acts of government’ under an SPA would not  typically guarantee force majeure relief. In most cases, and depending on the applicable law, the buyer will still need to fulfil several contract-specific requirements, as per the definition of force majeure under the  relevant SPA.
8At this point, there are five possible outcomes of the force majeure notices (filed and expected to be filed) by Chinese LNG buyers are possible.
8Are there lessons here for Indian buyers as well?
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Get a full perspective on what is going on in the oil & gas market as of today
8In the aftermath of the bloodbath, what is in store?
8How far down the line is a recovery?
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When it comes to the maritime industry, what kind of guidance are to be followed to ensure safeguards against the coronavirus?
8A standard operating procedure has been set
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For reference purposes the website carries here the following tenders:
8Procurement of LPG cylinders fitted with self closing type LPG cylinder valves to various LPG bottling plants Details
8EOI for providing services for preventive maintenance of motors at refinery Details
8Supply of Spare Stud for Breech Lock Exchanger Details
8Supply of Jacketed Ball Valves Details
8Overhauling/ Servicing, Testing and Boxing up of Butterfly valves at CPP3/ Utilities Details
8Supply of LP Flash Drum Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Oil looks set to turn Narendra Modi’s friend once again Details
8Dharmendra Pradhan lauds women's contribution in steel, oil sectors Details
8Oil price fall good for India, yet stocks crash. Will sanity prevail? Details
8India's oil import bill may halve if current crude price holds Details
8Will continue with capex plans: Shashi Shanker, ONGC chairman Details
8Irony: Crude oil price collapse helps U.S. natural gas market Details
8India will benefit from drop in oil prices, says BJP's Gopal Krishna Agarwal Details
8Cairn expects arbitration award in retro tax case by this summer Details
8Oil price fall a net negative for global economy: Morgan Stanley Details
8Oil demand set for first contraction since 2009 due to coronavirus: IEA Details
8IEA warns oil producers against playing 'Russian roulette' Details
8Saudi Arabia, oil giant Aramco bonds plunge as oil dives Details
8NCLAT upholds CCI order on Adani Gas for abuse of dominant position Details
8Coronavirus outbreak may shrink global crude oil demand: IEA Details
8Decoded: The oil market meltdown and its global impact Details
8Canadian government says slumping oil prices are a major concern Details
8Saudi Arabia, Russia raise stakes in oil production standoff Details
8Amid Saudi-Russian oil price war, other OPEC states sound alarm Details
8Biofuels can greatly reduce carbon emissions: Study Details
You can also click on Newsclips for more   Details
Not all industrial clusters are like Morbi, and even if the National Gas Tribunal orders are implemented, many clusters may not see a huge surge in gas volumes
8What is the anticipation of the user industry to the creation of a gas hub? Will it make a big difference? Not for now, says users
8Will KG Basin gas, particularly from RIL's R-Cluster field be cheaper than other sources of gas?
8Is there a likelihood that the gas pricing formula for domestic gas will be fine tuned in the face of a strident demand from ONGC and OIL?
Find answers for these questions and more here Details
Get an update on what is up with BPCL's Rajasthan refinery at Barmer
8A high-level review meeting was held last week
Click on Details for more
Details
ONGC's 10-vessel tender submission date has been put off again.
8Earlier it was thought there was just one recalcitrant bidder who was holding it up.
8Now it appears there are two.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Sale of various used/ scrapped Material of refinery Details
8Supply of Hydrated Lime for Raw Water Treatment Plant Details
8Expression Of Interest for supply of around 253 Crore Litres of Anhydrous Denatured Ethanol Details
8CPP-1,2 & Flare Gas Recovery System (FGRS) Operation Details
8Supply of Spark Proof Chain Pulley Block Details
8Supply of Flameproof Split Type Air Conditioners for use in Analyzer Shelters in Plant Area Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8RIL is India's Exxon, AT&T, Amazon rolled into one: Bernstein Details
8Yediyurappa taps fuel, liquor for revenue mop-up as Karnataka coffers run dry Details
8HPCL chief says falling rupee will push up borrowing cost Details
8No green nod for gas, oil digs in Tamil Nadu since 2015: Centre Details
8Govt invites bids for sale of BPCL Details
8Oil war triggered by Saudi price cuts to benefit India immensely Details
8Congress attacks govt over bid to sell stake in BPCL Details
8Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse Details
8Kazakhstan in talks with PetroChina after force majeure on gas supplies Details
8No Opec deal to cut prices Details
8Iran oil minister hopes for compromise on oil production cuts Details
8Ecuador's Petroamazonas to launch $148 million drilling campaign to boost oil output Details
8Oil prices nosedive after OPEC+ deal collapses Details
8U.S. discussing non-renewal of Chevron's Venezuela waiver, moves to cut oil trade Details
8Saudi Arabia slashes April crude oil prices after Opec’s supply pact collapsed Details
8Oil price dives as OPEC, Russia fail to agree on production cut Details
8Venezuelan government detains more than 30 PDVSA workers Details
8Trump administration seeks more time to respond to court ruling on biofuel waivers Details
8As demand crunch deepens, how far can crude oil price plummet? Details
8Oil plunges about 30 per cent after Saudi Arabia slashes prices, opens taps Details
8OPINION: As Saudi Arabia blows up crude oil market, stand by for fallout: Russell Details
8Corona, split in Opec+ may bring crude relief Details
You can also click on Newsclips for more   Details
Phosphoric acid Expansion Project 
8Cost - Rs 50 crore
8Project Event: The company is planning to hire a local contractor. RFQ for the Contractor is likely to be released in April 2020.
Click here for more details
SSP/GSSP Greenfield Project  
8Cost - Rs 15 crore
8Project Event: The proposal for the term of reference has been submitted and discussion is ongoing, RFQ for the EPC contractor is likely to be released in May 2020.
Click here for more details
(
Available only through www.indianfertilizer.com)
Details
The tender for platform and pipeline repair for the Neelam and Heera fields was hard fought
8And just when the L-1 bidder thought that it would get the contract, it was retendered
8Find out what went wrong
Click on Details for more Details
Project Name: Gonda LPG Bottling Plant Greenfield Project
8
Project Cost: 116 crores
8Project Description:Hindustan Petroleum Corporation Limited (HPCL) along with EPC contractor Optech Engineering Private Limited is carrying out the engineering activities to install an LPG bottling plant with a capacity of 120 TMTPA by constructing 3 X 350 MT mounded storage vessels at Gonda, Uttar Pradesh.
8Know more on what kind of RFQs can be expected going ahead
Click here for more details Details
H-Energy along with PMC contractor Engineers India Limited (EIL) is building and laying a 54 KM natural gas pipeline from LNG re gasification terminal at Jaigarh to GAIL's gas trunk pipeline at Dhabol.
8Get to know a km-by-km progress report on the pipeline, as the terminal cannot be commissioned without the pipeline in place
Click on Details for more Details
We are updating two more city gas distribution projects on to our project monitoring software, both of which have expansion plans looking ahead. RFQ dates for both are specified, along with key contacts
8
Project Name: Bathinda District City Gas Distribution
8Project Description: Gujarat State Petronet Limited, has been granted permission on June 27, 2016, has set up a CGD network in Bathinda District district of Punjab. The entity won the project under the 6th CGD bidding round. The CGD network has a coverage area of 3357 sq. km.
Gas is being drawn from GAIL's Dadri- Bawna Nangal Pipeline Network through a 50 km spurline to Bathinda.

Click here for more details

8
Project Name: Amritsar District City Gas Distribution
8Project Description: Gujarat State Petronet Limited, has been granted permission on May 5, 2015, has set up a CGD network in Amritsar district district of Punjab. The entity won the project under the 6th CGD bidding round. The CGD network has a coverage area of 5760.41 sq. km.
Gas is being drawn from GAIL's Dadri- Bawna Nangal Pipeline Network through a spurline to Amritsar.

Click here for more details Details
8Project Name: Hazira Gas Processing Plant Reverse Osmosis Unit
8Project Cost: Rs 20 crore
8Project Description: Oil and Natural Gas Corporation Limited is planning to hire an LSTK contractor for construction of reverse osmosis type water treatment plant at the Hazira Gas Processing Plant in Hazira, There is a long list of interested bidders, know more about them. The tender is available for bidding till 13th March, however another extension is planned for the same. The consultant is expected to lay out a plan for the construction of the RO plant. Further RFQs are expected shortly.
Click here for more details

Project Name: Crude Oil Handling Facility
8Project Cost: Rs 10 crore
8Project Description: Bharat Petro Resources Limited has released the RFQs for the hiring of an EPC contractor for the construction of a Crude Oil Handling Facility at ONGC's Central Tank Farm facility in Kheda, Gujarat. The last bidding date for the tender is 19th March 2020. In the meanwhile, BPRL has hired Kavin Engineering & Services Private Ltd as the consultant for the project.
Click here for more details
Details
E.S. Ragnganathan, managing director of Indraprastha Gas, is the new marketing director of GAIL
8He was selected from out of a list of eight who sat for the interview
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For reference purposes the website carries here the following tenders:
8Coke Drum Weld Seam buffing/ sandering and insulation retainers welding job in DCU Details
8Supply of Dry Gas Seal Support System DGS Booster Skid for Recycle Gas Compressor Details
8Capital maintenance of all six boilers and HRSGs of captive power plant of refinery Details
8Supply of Fittings at refinery Details
8Supply of Fasteners Details
8Appointment of Carrying and Forwarding Agents (CFA) Details
8Repair & Maintenance one time civil contract for SV Station Details
8ARC of NDT services for a period of 2 years Details
8Procurement of 50000 MT Petrochemical Grade Naphtha Details
8Transportation of Packed LPG Cylinders by Road Ex Purnea LPG Plant Details
8ARC for DCU Heater coil Pigging Mechanical Support Service activities Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Indian Oil, Parsvnath, BSNL face tax demand Details
8Petrol, diesel to cost more in Karnataka from April 1 Details
8Gujarat: Petroleum experts mine Kutch rocks Details
8Japan's Seven & i to drop $22 billion bid for Speedway gas stations in U.S. Details
8Switzerland's UBS hardens energy lending as 'sustainable' investments rise Details
8Oil falls, OPEC seeks Russian backing for deeper supply cuts Details
8Russia's Gazprom says has not suspended gas supplies to China over coronavirus :TASS Details
8Backed by industry, several U.S. states propose blocking cities from banning natural gas Details
8Qatar cuts February Marine crude price to $55.95/bbl Details
8China`s Petrochina declares force majeure on gas imports Details
8Russia's Novak to return to Vienna on Friday for OPEC+ talks Details
8UK: Premier Oil commits to carbon neutral operations by 2030 Details
8Coronavirus to more than halve forecast for oil demand growth this year: Rystad Energy Details
8Russia can cope with oil price drop if no OPEC cut agreed: Finance Minister Details
8US energy chief does not see coronavirus hitting China purchases under trade deal Details
8Notes show ExxonMobil 'attempted to influence' EU Climate Deal: NGO Details
You can also click on Newsclips for more   Details
Shelf Drilling has its largest deployment of offshore rigs in India.
8There are a total of 8 rigs deployed
8And two rigs whose contracts ended recently were redeployed, again in India, one to the private sector
8Even so, the market conditions are not at their best, as the company as quite a few rigs stacked away
Click on Details for more Details
The website carries here a month-wise forward curve extracted out of different projections for LNG supply, indexed to JCC (at around the price PLL is paying) in comparison to LNG indices such as JKM, NBP Europe and Henry Hub right up to the end of 2021 to show that while LNG prices are expected to climb, the gap with oil indexed prices while narrowing will continue to stay wide enough.
8The forward curve however provides some hope for ONGC and RIL for their KG Basin discoveries, that LNG prices will recover around the time that they are going full steam into production. RIL with a lower cost of production will make money by end of 2021 whereas ONGC may just about breakeven, going by these curves. Going forward, if LNG prices stay up, as they probably will, there will be money to make from the KG Basin.
8The important point to note is that current LNG prices are lower than that of coal, adjusted for efficiency, and policy makers can quickly take advantage of it to fire up India's stalled gas based power capacities. We have  some excellent data to show how this is so.
8The big surprise as of now is that Chinese LNG demand has revived, and it is up to mid-January levels. Overall increased imports are reducing floating storage of LNG.
8The LNG market has meanwhile shifted from backwardation to contango, so this is the best time for Indian purchasers to bring in as much spot LNG as they can.
Click on Details for more Details
Cairn India is ramping up its gas production capacity in Barmer
8Find out what its plans are
Click on Reports for more Details
Fertilizer manufacturers are now seeking direct ex-terminal quotes for LNG
8With prices going low, non-urea manufacturers are being more adventurous with their purchases
Click on Reports for more Details
Effluent Treatment Plant Up-gradation Project
8Cost - Rs 101 crore
8Project Event: The proposal for the amendment has been sent to the concerned department. The NIT for the LSTK contractor is likely to be re-released in March in place of January 2020 due to a delay in the board approval and in sorting out technical issues.
Click here for more details
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Available only through www.indianfertilizer.com)
Details
Delays in pipeline construction has a domino impact down the line. A series of power plants build on D-6 gas have become stranded assets as the quantum of gas meant to be supplied by RIL was not up to expectation.
Here is an example of a ready ammonia-urea energy project, waiting for completion of a pipeline project
8Cost - Rs 200 crore
8Project Event: It was meant to have been completed in March but the date has been shifted in to May 2020. due to delay in the Thiruvallur-Bangaluru pipeline.
Click here for more details
(Details available only via www.indianfertilizer.com)
Details
8Project Name: Shivpuri District City Gas Distribution
8Project Description: Think Gas Investments was granted permission on March 29, 2019, to set up a CGD network in Shivpuri district of Madhya Pradesh. Gas is expected to be drawn from GAIL's Dahej- Vijaipur- Dadri Natural Gas Pipeline through Kulwara- Shivpuri spurline.
The whole project is being executed in a phase-wise manner for which separate tenders will be floated. The contracts will be awarded or extended depending on the performance of the contractor.
8Project Event: RFQs for laying steel pipeline network and associated works is expected later in Q3 2020.
RFQs for laying of MDPE pipes network and associated works is expected in Q3 2020.
RFQs for equipments for CNG stations and auxiliaries are expected later in Q1 2021.

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8Project Name: Dahod District City Gas Distribution
8Project Description: Gujarat Gas Limited, has been granted permission on July 27, 2016, has set up a CGD network in Dahod district of Gujarat. The entity won the project under the 6th CGD bidding round. The CGD network has a coverage area of 3304 sq. km.
8Gas is being drawn from GSPL's Hazira- Ankleshwar Natural Gas Pipeline through spurline to Dahod.
8Quit a few RFQs are ahead
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8Project Name: Offshore Living Quarters Platform Development
8Our marketing facing analysts have caught a lot of movement on this front in recent days
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IOC is diversifying into fiber and yarn manufacturing
8It is a big investment of Rs 2000 crore
8But the project seems to be running into headwinds
8A PMC contractor RFQ was meant to come out but that has been put on hold. Find out why
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Project Name: West Godavari Greenfield Early Production System
8Project Cost: Rs 250 crore
RFQ for EPC contractor was expected by end February but expected later now
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Project Name: CB-ONN-2010/8 Block Onshore Oilfield Development
8Project Cost: Rs 150 crore
8The RFQs for an EPC contractor for a quick production facility and pipeline has been rescheduled
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For reference purposes the website carries here the following tenders:
8Supply of Hired Multi-purpose Support Vessel fitted with Motion Compensated Gangway System Details
8VGO HDS & DHDS Turnaround Package Contract in refinery Details
8Procurement of Coated Line Pipes Details
8Pipeline Jobs for MSV at Allahabad LPG Plant Details
8Supply of High Pressure Pipe Fittings Details
8Supply, Installation & Commissioning of Electrical Equipments Details
8Supply of CS Pipes as per tender Details
8Supply of Pressure Safety Valves Details
8Procurement of Carbon Rings of Turbine for Pump as per technical specifications Details
8Supply of 14 inch Leak clamps for commissioning of PHDPL Aug. Project Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8VE Commercial unveils BS-VI range of vehicles; says financing remains a cause of concern Details
8Market forces to benefit India, consumers; US gas can be competitive for India: FERC Details
8Coronavirus outbreak: Falling oil prices soothe India’s fuel prices and trade bill Details
8Gujarat: Nayara Energy’s expansion plans face green challenge Details
8Kochi: Transport authority to issue permits to CNG, LNG, LPG and e-vehicles only Details
8India's Rs 50,000 crore city gas investment plan gains viability on low LNG prices Details
8India's GSPC seeks LNG cargoes for March to November delivery Details
8Oil market faces surplus and needs balancing: Iran oil minister Details
8Govt detaches GAIL, OIL India, other PSUs from AGR case Details
8Libya says oil shutdown losses close to $2.6 billion Details
8Exxon outlines its steps to reduce harmful methane emissions Details
8US natgas glut swells, prices turn negative at Texas Waha hub Details
8Goldman cuts Brent outlook, says OPEC+ cuts may not prevent oil glut Details
8Crude oil prices rise as Opec+ moves closer toward deeper output cut Details
8Oil traders hit by unexpected slump in gasoil Details
8Coronavirus has had no effect on Iran's oil, gas production: Official Details
8BP, Santos carbon capture pact may rekindle dormant Australia plans Details
8Oil rise as OPEC, allies move closer to deeper output cuts Details
8Crude oil futures rise over 2 per cent on global cues Details
8Virus fears slash crude prices, and that’s good for many cos Details
8Coronavirus compounds Gulf economic woes as oil prices slump Details
8OPEC struggles to win Russian backing for big oil cut amid coronavirus Details
8Coronavirus has had no effect on Iran's oil, gas production: Official Details
You can also click on Newsclips for more   Details
Oil indexed LNG prices are unlikely to be very near spot LNG prices anytime soon
8What is the implied scope of LNG spot price to Brent? Much lower than what the oil-indexed price is
8There is now a projection that 2021 spot LNG prices are going to stay lower, though not as low as they are now
8Also, even as JKM prices are at historic lows, Indian prices are lower still.
8As oil prices have not moved up, contracted LNG price has remained steady even as spot price plunge
8All of these movements are availabel in graphical formats
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Petronet LNG Ltd's dilly dallying seems to have sent Tellurian into a tailspin.
8It is an "emperor has no clothes" moment, the press seems to be reporting.
8The stock has cratered. Job losses are on the anvil, and the company seems to have gone into shock
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