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
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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
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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
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For reference purposes the website carries here the following tenders: 8Supply of Recycle Hydrogen Compressor Details 8Supply of Liquid NitrogenDetails 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 fundDetails 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 moreDetails
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
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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
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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
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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
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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 detailsDetails
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 8Project 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
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City gas distribution projects. hopefully, will continue to thrive in a post coronavirus world. Here is an update: 8Project 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 8Project Name: West Godavari District City Gas Distribution 8Project Cost: Rs 300 crore What kind of RFQs are expected ahead? Click here for more detailsDetails
Process Air Compressor Greenfield Project 8Cost - Rs 347 crore 8Project Event: The 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
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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
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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
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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 SealsDetails 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: IOCDetails 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 moreDetails
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
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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
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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
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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
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NPK Fertilizer Greenfield Project 8Cost - Rs 1517 crore 8Project Event: The 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 8Project Name: Seraikela-Kharsawan District City Gas Distribution 8Project Cost: Rs 200 crore Click here for more details for RFQ dates as well as key contactsDetails
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 detailsDetails
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
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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
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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.
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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
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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
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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 systemDetails 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 monthsDetails 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 2024Details 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 moreDetails
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
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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 detailsDetails
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 detailsDetails
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 detailsDetails
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
Project Name: LPG Pipeline Project 8Project Cost: 700 crores 8Project Event: RFQ for Surge Relief Valves (SRV) is expected in June-2020. Click here for more detailsDetails
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
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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
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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 methodDetails 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, dieselDetails 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 moreDetails
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