All content in this website is sourced legitimately

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

What is the latest scientific forecast for Brent over the next two years, now that the virus attack is in full swing
8Will it hit $10 levels, and if so, how long a time will it be fore?
8If OPEC+ delivers a new output cutback agreement, the imbalance can correct but will it?
Click on Reports for more Details
Some oil & gas projects continue to work despite the virus attack
8Either because the cost of production continues to make them profitable to pump more oil or because there are technical reasons to do so
Click on Details for more Details
The Rajasthan refinery, set up by HPCL, had the timelines going awry even before the virus attack
8The situation has just got grimmer
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Recycle Hydrogen Compressor Details
8Supply of Liquid Nitrogen Details
8Scaffolding, Erection and Removal in HGU3 Reformer Inside/ Outside during shutdown Details
8Supply of Rotameter at refinery Details
8Procurement of Pneumatic Positioner at refinery Details
8Supply, Installation and Commissioning of HVAC System at refinery Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Ujjwala helps government reach out to poor Details
8LPG cylinders in short supply in Bhopal, wait period up to 15 days Details
8Home cooking during lockdown pushes up LPG demand Details
8Mumbai: No delivery breaks people's backs as they lug 14kg LPG cylinders home Details
8Global oil prices plunge to 17 year-low but petrol, diesel rates unchanged in India Details
8Petrol, diesel prices remain unchanged for 14th day Details
8State oil companies to contribute Rs 1000 crore to PM-CARES fund Details
8Karnataka: Fuel price hike from Wednesday Details
8No shortage of petroleum products especially petrol, diesel, LPG: HPCL Chairman Surana Details
8Oil firms to give Rs 5 lakh ex-gratia for delivery boys, others working in LPG supply chain Details
8Trump says to talk with Putin on low oil prices Details
8US natgas storage to hit record as coronavirus cuts demand, LNG exports Details
8Barclays sets 'net zero' goal by 2050 in climate policy Details
8China removes import quotas on some tax-free oil and gas drilling equipment Details
8Coronavirus crisis a 'game changer' for oil sector: Goldman Sachs Details
8Shell restarting units at its Pernis oil refinery after power outage Details
8Asia spot LNG prices tumble to new record low as demand plummets Details
8Crude price worsens on Covid-19 concerns, reaches closer to $20 per barrel Details
8IMF urges Kuwait to reduce oil dependence, boost savings Details
8U.S., Russia agree to oil market talks as Trump calls price war 'crazy' Details
8Bank cut to oil loans could push producers beyond the brink Details
8Shell drops out of major U.S. LNG project, Energy Transfer delays decision Details
8Russia sets up oil company as Rosneft leaves Venezuela Details
You can also click on Newsclips for more   Details
8One critical downstream gas industry segment has got going, much to the relief of the LNG supply industry.
8It is expected to stay healthy right through this year
Click on Details to find out more Details
The ONGC tender was held up as two recalcitrant bidders approached Independent External Monitors (IEMs) against tender conditions set out by the public sector E&P major.
8The issue has now been resolved, it seems, albeit a little too late
Click on Details for more Details
Offshore vessels and rigs in India are facing a serious virus threat and they have little to fall back upon
8What can shipowners and offshore operators such as ONGC and RIL do to keep the situation under control?
Click on Details for more Details
8The petroleum ministry has been proactive when it comes to the coronavirus
8Directives are being issued to keep operations running
Click on Reports for more Details
8Project Name: GS-KV 1 Offshore Field Development
8Project Description: KEI-RSOS Petroleum & Energy Pvt Ltd's selective tender for the hiring of various equipment and services for its GS-KV 1 offshore block is yet to be issued. Initially there was a proposal to issue the tenders by January 2020, but the same exercise was planned to be taken up in next quarter. But now with the virus attack, the dynamics are going to be different
Click here for more details

8Project Name: CB-ONN- 2010/5 Development Drilling Project
8Project Cost: Rs 44 crore.
8Project Description: Pan India Consultants Limited plans for conducting a public hearing for its 8 wells development drilling and production facilities development in CB-ONN-2010/5 block in Gujarat is stuck. Financial approvals were required, but with the shutdown, there are doubts that they will come through.
Click here for more details
Details
These are difficult times for LNG terminal projects. The virus has disrupted supply chains. But nevertheless, Indian project promoters are of the view that demand will indeed pick up, and work must go on, on paper. Here is an update:
Project Name:
 Greenfield FSU/FSRU LNG Terminal Project

8
Project Cost: 1500 crores
8Project Event: RFQ for Marine Loading Arm (MLA) is expected in May-2020 but if the lockdown persists, this date will be put off. Details
Brent futures are trading at around $26/bbl
8But in many areas, prices are way lower than that, some going as low as $15 or less.
8This could be a opportunity for Indian refineries to bargain hunt
Click on Details for more Details
City gas distribution projects. hopefully, will continue to thrive in a post coronavirus world. Here is an update:
8
Project Name: East Godavari District (except area already authorized) City Gas Distribution
8Project Cost: Rs 330 crore
 
The project is under its first phase. Lyons Engineering pvt. ltd has been appointed as the PMC for the project. The operator has laid over 1000 km of carbon steel pipeline in the region. Gas is being drawn from GAILs KG Basin Natural Gas Pipeline network through spur-line to Rajahmundry.
More RFQs are expected
Click here for more details
8
Project Name: West Godavari District City Gas Distribution
8Project Cost: Rs 300 crore
What kind of RFQs are expected ahead?
Click here for more details
Details
Process Air Compressor Greenfield Project
8Cost - Rs 347 crore
8Project EventThe project is still on hold due to some technical issues, the hiring process of LSTK contractor is also on hold. The project is likely to be activated in May 2020. The contractor is likely to be finalized in June 2020 but now subsequent to the virus attack, the timelines may well change.
Click here for more details
Sulphate of Potash-Bromine and Captive Power Unit Expansion Project
8Cost - Rs 500 crore
8Project Event: Still the discussion is ongoing, the project team has been made, RFQ for the LSTK contractor is likely to be released at the end of May 2020, after the lockdown is withdrawn
Click here for more details
(
Availabel through www.indianfertilizer.com)
Details
HAL Offshore's bid was so low for the integrated facilities in Nandasan field compared to its competitors that there was skepticism in ONGC over whether the operator will be able to implement the project in reality
8The coronavirus attack however changed the dynamics entirely
Click on Details for more Details
8Find out why Indian LNG terminals which have just started off, such as Mundra, Ennore and even Kochi can still make money even as demand dries up due to the virus attack.
Click on Details for more Details
The coronavirus attack has forced oil companies such as ONGC to work in a different way from the past
8Also, officials have been told to stay put for now
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Providing Security Services at SV Stations & Pigging Stations Details
8Invitation of bid for supply of Tamper Evident Seals Details
8Charter hiring of Drilling Rig Package for drilling ERD wells along with additional ultra-deep wells Details
8Construction of Contiguous Bored Piles and Pile Foundation for UG Tanks Details
8Road Transportation of Bulk Bitumen Details
8Supply of Valves as per specification Details
8Supply of Carbon Steel Pipes Details
8Supply of Auxiliary Electromechanical Relays and Numerical Relays Details
8ARC for Expert Supervisory Services for Overhauling Maintenance of reciprocating compressors Details
8Installation of Additional valves in CBPL mainline Section Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8No fuel crisis in India; enough stock of petrol, diesel, LPG to last lockdown: IOC Details
8Saudi Arabia has assured India of uninterrupted LPG supply: Dharmendra Pradhan Details
8Anil Agarwal for the 1st time takes board position on Vedanta Ltd Details
8Telangana: Panic booking leads to 20% non-delivery of LPG cylinders Details
8Covid-19: India's plan to build gas-based economy receives setback Details
8Pradhan wants petrol pumps to throw lifeline to needy, IOC appeals against panic-booking of LPG refills Details
8Pune: LPG agencies start supplying cylinders in tempos in Wanowrie Details
8Two Indian refiners declare force majeure to curb Mideast oil supply Details
8India's Haldia shuts naphtha cracker after ports declare force majeure Details
8Humsafar to provide doorstep fuel delivery to emergency services Details
8Oil mixed as government pledges reach $5 trillion in coronavirus chaos Details
8Coronavirus-driven demand destruction an opportunity for India to fill strategic oil reserves Details
8Petrol, diesel prices remain unchanged for 11th day Details
8India’s energy demand dips sharply as lockdown bites Details
8Oil cos say no LPG shortage at all, delivering at least 40 per cent more fuel now Details
8Anil Agarwal for the first time takes board position on Vedanta Ltd Details
8Iraq asks foreign oil firms to cut budgets by 30 per cent after oil price crash Details
8Falling Latam fuel demand leaves US refiners without favored export customers Details
8Crude oil futures gain Rs 17 to Rs 1,804 per barrel Details
8Russia's Rosneft halts work in sanctions-hit Venezuela, selling assets Details
8The World’s on the brink of running out of places to store oil Details
8U.S. oil drillers cut the most rigs in a week in nearly 5 years -Baker Hughes Details
8Oil & Gas major Cairn Energy reduces Senegal, UK spending plans Details
8Russia says coronavirus crisis cuts global oil demand by up to 20 mln bpd Details
8Oil traders book more tankers for sea storage as global crude glut builds: sources Details
8Russian oil hold-up threatens Belarus price deal Details
8Saudi Arabia says no talks on new oil deal, Moscow suggests larger OPEC+ Details
8Calls mount for new OPEC+ deal as oil prices and demand slide Details
8Trump didn’t calm the oil markets. Now it may be too late Details
You can also click on Newsclips for more   Details
Scrubbers are no longer the flavour of the season for the shipping industry.
8Orders for installation of scrubbers are being withdrawn.
Click on Details for more Details
The government is acting very quickly to avoid a total collapse of gas demand in the country.
8Two specific sets of instructions have been sent out from the highest levels of the govenrment
8"The speed at which the government is moving is heartening," an industry observer said.
8The lines are being unclogged rapidly, confirming the widely held belief that the Indian administration can gear up to work at a very fast pace when facing a crisis
Click on Details for more Details
It is now a well known fact that the blending cost for production of alcohol out of India's new 2G bio refineries is unviable
8This is the reason why new 2G bio-ethanol projects are not coming up, except for Bargarh
8Find out more on how the government got the Bargarh economics -- where BPCL has already awarded the LOI to Tata Projects -- come together but how what happened with Bargarh will not work for other projects elsewhere in the country.
Click on Details for more Details
8Top Indian managers have never seen anything like a lockdown before
8The best consultancies in the world are now uncovering COVID-19 rescue plans on the steps which are needed to be taken to protect employees, customers, supply chains, and financial results.
8What is more, the timeline for companies to react to the coronavirus has shrunk dramatically. Here are five principles that leaders can follow to make smart decisions quickly during the pandemic.
8Clear and specific advisories are carried here which managers will find very helpful
Click on Reports for more Details
NPK Fertilizer Greenfield Project 
8Cost - Rs 1517 crore
8Project EventThe JV is planning to re-release the RFQ for the LSTK contractor in May 2020 in place of March 2020 due to effect of lockdown. The project location is likely to change and one JV partner may end up parting ways.
Click here for more details
Phosphoric acid Expansion Project
8Cost - Rs 130 crore
8Project Event: The purchase of a long lead item is ongoing. The proposal for the environmental clearance has been elicited in May 2018, there is no need for a contractor, The company has been decided to do the project with its own inhouse engineering team. Construction is likely to be started in May 2020, due to delay in the procurement. Long lead items have not reached at the site on account of the lockdown lockdown in India.
Click here for more details
(
Avilable only through www.indianfertilizer.com)
Details
8Project Name: West Singhbhum District City Gas Distribution
8Project Cost: Rs 150 crore
8Project Description: The project is in its first phase. MECON Ltd. has been appointed as the PMC for the project. Gas is expected to be drawn from GAILs Jagdishpur - Haldia Natural Gas Pipeline through 125 km Jamshedpur- Purulia spur-line. The operator has floated some RFQs and more are expected
Click here for more details
8
Project Name: Seraikela-Kharsawan District City Gas Distribution
8Project Cost: Rs 200 crore
Click here for more details for RFQ dates as well as key contacts
Details
8Project Name: Raniganj East CBM Block Development
8Project Cost: Rs 3000 crore.
8The timelines for hiring of drilling rigs and equipment has been put off, know what the news deadlines are
Click here for more details
Details
8Oil and Natural Gas Corporation Limited's tender for the procurement of Liner Hanger has received poor response.
Click on Details for more Details
8It has got a big response
Click on Details for more Details
Petronet LNG MD Prabhat Singh could get a one-year extension
8But he put his company above his job, says insiders
Click on Details for more Details
The lockdown is going to hit ONGC quiet badly it seems
8One of its biggest contractor consortium in its KG-DWN-98/2 has declared force majeure. Find out what ONGC has to say on the notice, and how badly will the project be hit.
8What is more, even for large forthcoming tenders, potential bidders are saying that the lockdown is making it impossible to elicit quotes from vendors not just in India but outside
Click on Details for more Details
Bids for the EPCM contractor for NRL refinery expansion project -- from 3 to 9 MMTPA -- has come in
8Find out what kind of RFQs are expected next?
Click on Details for more   Details
8Petrochemical sector goes into a tailspin in India. Click on Reports for more.
8Indian refiners slice production. Click on Reports for more.
8Indian seafarers are left in the lurch as lockdown does not allow them to deboard. Click on Reports for more.
8Confusion rules in Indian ports. Click on Reports for more.
8Faced with demand destruction, Indian refineries may have to fight to push higher exports. Click on Reports for more. Details
Even as PLL mulls invoking the Force Majeure clause, Indian buyers who enthusiastically tapped the international spot market when prices ruled at $3/mmbtu and below are in a panic as demand has petered out following the virus attack
8There was an anticipation that there will be an upsurge in demand in the price sensitive Indian market but then the virus hit
Click on Reports to know more what is going on Details
8Petronet LNG may end up triggering the Force Majeure mechanism on Qatargas sooner than later, it is learned, as its storage capacity fills up at Dahej on account of weak downstream offtake
8It is another matter however whether Qatargas will accept PLL's argument
8Also, know more about that one event, if it happens, will force PLL to immediately trigger the Force Majeure clause
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Contract for Technical Advisory services of MHPS for Restoration Work Details
8Supply of Data Acquisition Unit and DAU Display/ board unit for RTG system Details
8Procurement of Control Valves Details
8Procurement for Spares of Vertiv Make UPS Details
8Supply and performance testing of high mast system at refinery Details
8Expression Of Interest for supply of around 253 crore litres of Anhydrous Denatured Ethanol at oil marketing companies locations Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Uttar Pradesh: 16,000 get home delivery of gas cylinders in Bijnor Details
8LPG bookings zoom 200 per cent; oil companies say measures in place Details
8Covid-19 lockdown: BPCL defers turnaround of units at refineries on shortage of labour Details
8Petrol, diesel prices remain unchanged for tenth day on Thursday amid 21-day lockdown Details
8RIL best stock for flight to safety: Jal Irani Details
8India could witness first technical recession since the 1990s: Report Details
8Economic stimulus: Free LPG cylinders for Ujjwala beneficiaries for three months Details
8Cash to cooking gas: India announces measures for poor women hit by lockdown Details
8Finnish, Polish refiners spurn Saudi oil, Indians seek delays: sources Details
8Ujjwala beneficiaries to get 3 free cylinders till June Details
8Numaligarh Refinery Limited running around at full throughput despite low staff Details
8Gujarat: SGCCI seeks deferment of gas, power bill payments Details
8Fuel for vehicles on essential services duty only in Pune: Admistration Details
8Now, India a key contributor to crude slump due to nationwide lockdown Details
8Oil storage buckles as virus saps demand Details
8Australia may need LNG imports from 2024 Details
8PetroChina to seek price talks with gas suppliers as coronavirus hits Details
8Qatar offers LNG cargoes after Indian buyers cancel cargoes: sources Details
8Crude oil futures fall 3.57 per cent on weak global cues Details
8Gazprom says 20 workers isolated at field feeding Nord Stream gas pipeline Details
8Gas prices in UK decline on higher LNG send-out, wind output Details
8China says imports of some products affected by coronavirus epidemic Details
8Global oil refiners to deepen output cuts as virus destroys demand Details
8Malaysia's Petronas offers LNG cargo from Australian plant Details
821-day lockdown to dent petrol diesel sales; Margin gains to offset impact on OMCs Details
8Gastrade happy with gas bids for Greek offshore LNG terminal Details
8Oil storage crisis is new threat to OPEC Details
8Shell, other oil companies seek less Saudi crude in April due to weaker demand Details
You can also click on Newsclips for more   Details
8Project Cost: 1400     crores
8Project Event: RFQs for pumps are expected in May-2020.
Click here for more details Details
What is the latest on Nayara's petrochemical tender?
8Is the virus attack lead to a postponement here as well?
Click on Details for more Details
8In the midst of the Coronavirus impact, is HPCL buying more time?
Click on Details Details
What is the manpower requirement per individual geographical area for a city gas distribution project?
8The figures range from a 325 to up to 1700 people over a 0 to 5 year period
8The largest number of people needed will be under the retail outlet attendants category
8In all, manpower requirements are put under 25 categories
Click on Reports for more Details
8Project Name: Subsea Pipeline Repair and Platform Jacket Strengthening
8Project Description: Oil and Natural Gas Corporation Limited's LOI for the hiring of an LSTK contractor for Subsea Pipeline Repair and Platform Jacket Strengthening in Western Offshore Basin has been delayed on account of certain pending approvals. As per the sources, the LOI was originally meant to be awarded in December 2019, but the entire process got delayed.
Click here for more details
Details
8Project Name:  AA-ONHP-2018/3 Block Exploration
8Project Cost: Rs 200 crore.
8Project Description: Oil India Limited is expected to released the RFQs for the hiring of seismic survey and data interpretation services for AA-ONHP-2018/3 block in Assam Arakan Basin by June 2020. As of now, the feasiblity studies for the block are going on.
RFQs will be released soon after the situation normalizes
Click here for more details
Details
Even a company like IOC is delaying decisions on the E&P front
8Here is one DSF field in which delays have been announced
8An integrated development plan was envisaged but everything has now been put off till September-October whereas earlier RFQs were expected from this month
Click here for more details
Details
Ammonia-Urea Greenfield Project 
8Cost - Rs 5500 crore
8Project Event: The project is in initial stage, and the company is still studying the feasibility study/DPR. The company said that firstly they will do the Phos acid expansion project, but the hiring of contractor for the Ammonia-Urea project is likely to completed within year. RFQ for the PMC is likely to be release in June 2020.
Click here for more details
Urea Expansion Project
8Cost - Rs 52 crore
8Project Event: Final EIA report preparation is ongoing, They are planning to releasethe RFQ for the Process Licensor in May 2020. RFQ for the LSTK contractor is likely to be released in June 2020.
Click here for more details
(
Available through www.indianfertilizer.com)
Details
8Thankfully, the bid submissions took place just before the lockdown happened
Click on Details for more
Details
The JV has appointed a PMC for an LPG import facility
8Cost of the project: Rs 400 crore
Click on Details for more Details
Project Name: LPG Pipeline Project
8
Project Cost: 700 crores
8Project Event: RFQ for Surge Relief Valves (SRV) is expected in June-2020.
Click here for more details Details
The gas supply industry may face its biggest supply crisis in the next one week. Find out why that is so.
8And that may create a massive choke up right up the supply chain
Click on Details for more Details
Here is more data coming in on how India may end up coming to grips with the crisis better than other countries
8While consumption is down everywhere, India works well when there is a crisis. Sleepy clerks in government departments swing into action
8The fact that Chinese LNG consumption was up 2% in the January-February period in comparison to the same period last year is a general indicator that the same story can be repeated in India
8“China labor is returning, expected to be at 70% in March and over 90% in April,” claims Wood Mackenzie
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Identification of Suitable Service Providers/ Technology for removal of Co2 from CBM Gas Details
8Fin fan cooler tube inside cleaning by high pressure water jet method of Sonic resonance with water jet method Details
8Replacement of Packinox Heat Exchanger Bundle in DHDT Unit of PRPC Details
8Supply of Spare parts of Industronic make Paging System for plant communication system Details
8Supply of Asco make Solenoid valve installed in Turbine trip service of Recycle Gas Compressor at refinery Details
8Supply of Steam Traps Details
8Supply of Spares for moisture analyser at refinery Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Gujarat: IOC to ramp up Kandla LPG import terminal's capacity Details
8Some Indian ports declare force majeure, could delay crude discharge: sources Details
8India's oil production in Feb dips 6.4 pc on lower pvt sector output Details
8Fuel retail stations in Karnataka to work in single shift with immediate effect Details
8Coronavirus lockdown: An unprecedented crisis for petrol pump dealers and oil companies Details
8Indian LNG importers issue force majeure notices as gas demand slumps: sources Details
8ONGC gas output drops by one-tenth as shut factories refuse supplies Details
8Indian gas importer issues force majeure notice to Qatargas Details
8Staff crunch hits home delivery of LPG cylinders in Mumbai Details
8India's top refiner cuts crude processing by 25 per cent- 30 per cent on low fuel demand Details
8Coronavirus: Indian Oil regulates crude throughput in refineries by 25-30 per cent in the wake of lockdown Details
8Nayara Energy wants govt to let it store surplus crude in strategic reserves Details
8Nayara wants to store surplus crude in strategic oil reserve, refined products in PSUs' storage Details
8Indian Oil cuts capacity utilisation by 25-30 per cent as fuel demand falls Details
8Mumbai citizens struggle as petrol pumps deny sale of fuel to non-essential services Details
8Fuel stations to stay open 8am-4pm in Gujarat Details
8Sufficient stock of fuel, LPG cylinders in UP: Official Details
8COVID-19 Lockdown : Dharmendra Pradhan takes stock of LPG, petrol, diesel Details
8China's CNOOC to make significant cuts in spending amid low oil prices Details
8China to resume US LPG imports as Beijing waives trade-war tariff: sources Details
8INNOVATION: Pandas, slugs and ants hint at shortcut to greener biofuel Details
8Russian domestic oil prices collapse to $9.2/bbl: trade Details
8Occidental slashes budget again amid oil price rout Details
8Global oil storage fills to the brim despite leap in costs Details
8China's air quality worsens in an indication of improving economic activity Details
You can also click on Newsclips for more   Details
Politics allows for strange bedfellows, so does the politics of oil.
8Two unlikely actors may end up working in concert to keep oil prices from tanking further
Click on Details for more.
Details
8The domestic pipeline lobby seems to have been successful in inveigling itself in more than one ongoing ongoing ONGC project
Click on Details for more.
Details
8There are some dramatic development on the Ratna R Series process platform project
Click on Details for more. Details
 1 2 3 >  Last ›

Showing 1–50 of 233 items