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Apr 2020

After OPEC+ went into production cut, there was some consternation in Great Eastern Shipping over whether charter hire rates for crude and product carriers are going to stay high or they will come down
8Chartering costs have more than doubled since February but they turned a little wobbly
8But the mood has lifted again, and it will stay that way until Q3 or more. Details
When you cannot fight the enemy, it is best to join it
8This has been L&T winning strategy for this tender
Click on Details for more Details
Spot prices have sunk to such low levels, that shutdown of capacity has now become inevitable
8But that will be temporary as LNG offtake is still expected to be higher than the previous as the year plays itself out
8Also, some producers are still viable at this level
Click on Reports for more Details
What is the latest status on Bumi Armada-Shapoorji FPSO that is currently in deployment with ONGC
8ONGC may well halve the charter hire rate, it seems
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Statutory Testing, Inspection, Cleaning, Calibration and Certification of Capacity Horton Sphere at Bottling Plant Details
8Supply of Amonium Polysulphide Details
8Supply of Anhydrous Ammonia Details
8Civil Structural and Architectural Piling Works Details
8RVI at Retail Outlets under North Central Zone Details
8Transportation of Packed LPG Cylinders by Road Ex Kondapalli LPG Plant Details
8Procurement of Liquid Nitrogen Details
8Hiring of Contract Services for painting of Plant Structures and Pipelines at Compressor Station Details
8Hiring Project Management Consultancy services for Implementation of Permanent Mitigation measures Details
8Procurement of IBR pipe and pipe fittings Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Nagpur: Petrol, diesel sale just 10-15 per cent of earlier level Details
8Post-coronavirus, India must shift EV goalposts, adopt available alternative fuels: Auto LPG Coalition Details
8Covid-19 to wipe out 10 million barrels per day of oil demand in 2020 Details
8Woodside Petroleum's sales slump as coronavirus cripples demand Details
8Singapore oil trader Hin Leong owes $3.85 bln to banks: sources Details
8Indonesia's Pertamina eyes extra crude oil, gasoline imports despite sales slide Details
8Malaysia to delay nationwide rollout of B20 biodiesel mandate due to coronavirus curbs Details
8Petrofac says Abu Dhabi National Oil Co ends $1.65 bln Dalma gas contracts Details
8U.S. diesel market starts to show weakness, follows gasoline Details
8Russia's Putin says cooperation between Rosneft and BP 'effective' Details
8Gulf stocks extend losses on economic warnings, oil demand concerns Details
8Ocean Bunkering to suspend marine fuel deliveries in Singapore: sources Details
8Real oil market is sinking and Opec+ deal can’t rescue it Details
8Low crude prices threaten private oil producers in Colombia Details
8China's INE adds PetroChina storage as futures warehouse, doubles storage fee Details
8Gazprom evacuates workers from China-assigned gas field due to coronavirus Details
You can also click on Newsclips for more   Details
8Who are the likely choices for GAIL BD and HR directors?
Click on Details for more Details
The Daman Upside project -- involving a new process platform, B-12, that will be bridge-linked to the existing B-12-11 wellhead platform.The project also envisages at least four new wellhead platforms — B-12-18-PA, B-12-18-PB, B-12-2-P and B-12-24-P,  and several segments of subsea pipelines -- is now under review by ONGC
8What really were its cost economics until before the lockdown and the price crash?
8And is a tender possible anytime soon?
8There are ways however by which the tender can still come out
Click on Details for more Details
Adaptability is something that ONGC has cultivated as a virtue over a long period of time. Working in the uncertain world of exploration and production, this veteran E&P giant is working as smoothly as possible during the lockdown.
8The company has now issued a series of instructions on processing ongoing tenders.
Find out what the company is doing. Details
8The finance ministry yesterday fired a Rs 22,000 crore bazooka that will provide a massive fillip to the beleaguered LNG industry in India.
Click on Details for more Details
A cash crunch is threatening the fertilizer industry, that is dependent on government subsidy to keep going
8It is the largest buyer of LNG in the country, and its plants are currently running, some to almost full capacity
8As the government runs out of money, the industry may suffer a cash crunch.
8This is one space to watch in the coming days for the LNG supply industry
8The website has spoken to both government and industry sources to get the latest on the industry.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Pressure Switches for De-bottlenecking project Details
8Supply, Installation and Commissioning of Low Temperature Impact Tester Details
8Annual Rate Contract for Civil Maintenance works at WRPL Koyali on Intermittent Basis Details
8Supply of Heat Exchanger KCS (High Flux Tube Bundle) Details
8Supply and Filling of Ethyl Mercaptan in STC to Uran LPG Terminal Details
8Supply of Porta Cabins as per tender specification Details
8Purchase of water at LPG Despatch Terminal kandla through tankers Details
8Three Years AMC for Hiring Services for HT LT Cable Fault Finding and Repairing at KLL Dabhol Details
8Requirement of supply of Tube Bundles for Air Fin Fan Coolers Details
8Requirement of ARC for deployment of 200MT tyre cranes and 100MT tyre cranes Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Govt extends oil block bid deadline to June 10 Details
8India's annual fuel demand to decline 5.6 per cent in 2020, IEA says Details
8Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops Details
8Jet fuel demand to remain low for years as airlines buckle up for tough ride Details
8SBI MF doubles down on banks & energy after brutal March selloff Details
8States ask EPA for nationwide biofuel waiver to help oil refiners weather coronavirus Details
8BPCL supplying petroleum products to Army amid all odds during lockdown: Company official Details
8Global stocks, oil price sink on grim forecasts Details
8Tankers pile up off Europe's coast as onshore storage sites hit limit Details
8Investors plan to push Total to do more on climate change Details
8Russian oil majors examine assets for cuts, some may be lost forever Details
8OPINION: Oil futures point to long and deep recession: Kemp Details
8Brazil battles dozens of coronavirus cases on offshore oil rigs Details
8The fuel that’s thriving amid the world’s biggest lockdown Details
8World oil demand forecast to suffer biggest drop ever Details
8Saudi Aramco offers struggling refiners sweeter terms for crude Details
8Coronavirus to hit Mideast growth more than 2008 crisis, 2015 oil shock: IMF Details
You can also click on Newsclips for more   Details
Fresh studies are coming in about how to deal with the virus.
8According to one study, droplets can hang in the air for 0.5-3 hours
8And the virus can stay longer than was expected on surfaces, according to a big global study
8While everyone is waiting for the lockdown to clear, so that businesses can resume, clear protocols have to be established, and they are quite strict and have to be completely adhered to.
8A misunderstanding of the protocols will have serious implications
8Also, what really happened in China and what are the lessons to be drawn to restart businesses here. Merely wearing a mask may not be enough.
Our website has been able to put together some documentation on what is next for business.
Click on Report for more. Details
Get the full LNG update for India here
8Offtake in April to date have fallen well below their 2019 equivalents, with imports in the first 13 days of the month trailing year-ago levels by 0.21mmt (-26.6%).
8Get the as of 13 April LNG data here for all major terminals. Ennore throughput is down, and is now as low as Mundra which just started off
8As India tapers off, China seems to be taking the highest deliveries in the world now.
Click on Reports for more Details
Here is an E&P manufacturing company, with exports to 30 countries.
8The lockdown will mean that China will eat up its market share
8"Our loss will be China’s gain which is using all means to gain greater market access with increased export rebate VAT," the company said.
Click on Details for more  Details
The impact of the Coronavirus is being felt in every part of the country.
8In distant North East, in HOEC's Dirok discovery, which claims to produce 15% of Assam's gas output, offtake is sharply down.
Click on Details for more Details
There has been a sharp and dramatic fall in consumption of petroleum products, according to as-of-yesterday consumption data compiled by reliable sources.
8The biggest and the most dramatic drop in consumption was noticed in jet fuel, followed by petrol and diesel
8Refinery throughput rates have come down dramatically as well
Click on Details for more Details
What is the latest status on the PLL's Kochi LNG terminal?
8A lot depended on the completion of the Kochi-Bangalore pipeline, which was meant for March end
8Also, how is the terminal faring during the lockdown?
Click on Details for more. Details
The lockdown is not preventing downstream companies from going ahead with their bidding process
8Some bids have been put off, as is the case with BPCL's Rajasthan refinery but a few others went through the bid submission process even during the lockdown.
Click on Details for more. Details
For now, it looks like that the midstream and downstream segments have been spared the mayhem that is already coming into play in the E&P sector
8There have now been instances where discounts are being sought from the L-1 E&P bidders, after a due process has been followed
8Is this another way for E&P operators to buy time before placing EOIs?
Click on Details for more Details
8An E&P company has sought a 30% discount from existing vendors because of the lockdown
8Find out what vendors have to say
Find out more Details
What is the latest on the interview for Director Technical in PLL?
8Who have been shortlisted?
Click on Details for more   Details
Even as the lockdown reverberations spread to the LNG market in India, the largest buyer segment kept its factories going, thereby giving anchor support to the gas supply industry
8Things may not be all that rosy though going ahead
Click on Details for more. Details
The crude price outlook seems cloudy even after a production cut was announced by OPEC+
8Will it settle at a level which is above the breakeven level for E&P activity in India?
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Security Services for VDPL Details
8Transportation of Packed LPG Cylinders by Road Ex Anantapur LPG Bottling Plant Details
8Supply, Transportation and Installation of Smart Pylons under various regions of North central Zone Details
8Complete Overhauling of Recycle Gas Compressor at refinery Details
8Annual Rate Contract for Civil Maintenance works at WRPL Navagam on Intermittent Basis Details
8Supply of Naphtha Lubricity Improver Details
8Supply, Installation, Dismantling, Testing and Commissioning of Battery Banks for UPS and Electrical Control Supply Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India plans to fill strategic oil storage by the third week of May Details
8ONGC`s'oil sevaks' operate India's biggest oil, gas fields beyond shifts Details
8GAIL expects gas demand to pick up soon Details
8Crude oil prices rise on bargain-hunting, hopes for stockpile purchases Details
8Malaysia says welcomes OPEC+ pact to cut crude oil output Details
8Shell ditches Russian Arctic oil joint project Details
8Trump says global oil production cut should help industry recover Details
8OPINION: Coronavirus? What coronavirus? China's commodity imports remain robust: Russell Details
8Oil slips as producer cuts fail to banish demand fears Details
8Oil prices fall after output-cutting deal Details
8JPMorgan Chase reports 69 per cent drop in 1Q profits to $2.9 bn Details
8OPINION: As oil output deal neared, funds scaled back short bets: Kemp Details
8Mexico-Trump oil deal raises question: At what cost? Details
8Why has OPEC-led deal failed to energise oil prices? Details
8Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion Details
You can also click on Newsclips for more   Details
ONGC's Ahmedabad asset is spread over 6000 sq km.
8And has many flowing wells
8The logistics of handling the lockdown has been tough but the asset seems to be managing to hold on so far
Click on Details for more. Details
Even as ONGC takes active steps to fight the COVID-19 virus, private contractors and offshore vessel and rig owners are miffed that the company is not doing enough to mitigate their problems during the lockdown
8While ONGC is looking after their own personnel, more needs to be done for others who are marooned offshore, private operators who spoke to this website said.
Click on Details for more Details
Is it going to be 20 million barrels per day or is it 10 million barrels per day of production cut?
8The OPEC+ team is already strained with the imposition of a 10 million barrels per day cut even as President Trump wants to double the figure
Click on Details for more
   Details
OIL India Ltd will take on a big liability on its balance sheet as it readies itself to take over Numaligarh Refinery from BPCL. And it has been offered a much larger stake than earlier estimated as others seem uninterested to take it on.
8Is the E&P outfit taking on more than it can bite?
Find out what is going on on this front  Details
8Now that the lockdown has been extended, HPCL will have to end up giving another round of extensions to its Barmer tender
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Rate contract for supply of Catalyst for Hydrogen generation units Details
8Supply of Pre-Fabricated Canopies under various regions of North Central Zone Details
8Supply of 1200 SCMH Gas Engine Driven CNG Compressor Details
8Design and commissioning of Pipeline Application System for Panipat Jalandhar LPG Pipeline Details
8Procurement of RAM Type On-Off Valves Details
8Repairing/ Rewinding of HT Motors of refinery Details
8Supply of Pipes for Catalyst Transfer Details
8Carrying out Piping and Mechanical Works Details
8Supply of Feed Injector Nozzle for Alkylation Reactor Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8ONGC gas output drops 15 per cent as shut factories refuse to take supplies Details
8Fuel prices remain unchanged for 28 days, longest freeze on motor fuel prices since 2017 Details
8Covid-19: Out of 1.26 crore LPG cylinders booked by PMUY beneficiaries, 85 lakh delivered Details
8Non-Opec members will also need to cut output to balance oil price: Vikas Halan Details
8India's 2019/20 fuel demand growth worst in over two decades Details
8Pradhan instructs officials to augment storage of crude in strategic oil reserves Details
8OMCs initiate transfer of Rs 5,606 crore in 7.15 crore PMUY beneficiaries for free LPG cylinder Details
8Petroleum dealers seek 'stimulus package' from oil companies Details
8IOC gets 1st shipload of oil from UAE to fill strategic reserves Details
8Iraqi oil minister says big oil cut deal will help to stabilize oil market Details
8In oil market sunk by coronavirus, giant output cuts make ripple, not big waves Details
8OPEC+ agrees to cut world oil production Details
8Oil pushes higher, but doubts grow about output cut deal Details
8Goldman Sachs still sees crude prices falling after OPEC+ deal Details
8Oil rally fizzles as doubts grow over output cut deal Details
8Russia's Rosneft to be key oil supplier to Belarus in April Details
8Russian rouble firms after OPEC+ oil supply deal Details
8Sukuk issuance likely to drop in 2020 on low oil prices, coronavirus: S&P Details
8Crude oil futures ease on low demand Details
8Asia markets down as oil rallies on output cuts deal Details
8Shell offers LNG cargoes for 5 years from 2021 in unusual move -traders Details
8Oil prices jump after OPEC+ agree on output cut deal Details
8Norway will announce oil output decision soon: minister Details
You can also click on Newsclips for more   Details
8Fresh measures have been put in place to tackle the menace in its offshore installations as the lockdown gets extended
Click on Details to know more Details
Has there been a review of the $5 billion spending limit for the KG-DWN-98/2?
8And how is COVAID-19 impacting the project
Click on Details for more Details
Here are two ONGC onland assets, each with its own set of problems
8One is being able to hold on to the production line, while the other is reporting a significant slippage
Click on Details for more Details
Employees in ONGC's offshore platforms are being kept in isolation to keep the virus out
8But onshore work sites are also being sanitized.
8As spares run out or equipments fail, asset managers are working overtime to keep production lines running
8Here is a case study of an ONGC asset spread over three districts, covering a geographical area of 600 sq km, with many isolated well locations
Click on Details for more Details
There is a survey out on how oil & gas sector employees are looking at their future in the midst of the pandemic
8There is a high level of insecurity
8The disturbing point to note is that 5.4% of workers reported symptoms consistent with COVID-19 but said they had been unable to get tested. 0.2% said they had tested positive.
8The researchers recommended that industry advocate for widespread testing of energy workers, along with strict guidelines prohibiting reporting to work when employees are sick and paying all workers who experience symptoms.
Find out more on what employees are thinking click on Reports. Details
Indian ports are caught in a logjam after the lockdown
8There is a gradual easing of restrictions but confusion abounds
Click on Reports for more Details
2G projects have always been a problem for Indian majors trying to implement them.
8A few companies have come up with indigenously developed technology but there have been questions marks over viability
8A reputed engineering major has now come up with a new technology, along with its own demonstration plant.
Click on Reports for more Details
The government has given you a relief package amounting to 0.8% of the GDP
8Much more needs to be done, according to a survey of 600 business leaders
8There are three different economic scenarios that can emerge from out of this crisis, each more troublesome than the other
8Here are more details on what exactly you as a corporation can expected from the government
Click on Reports for more Details
With a spate of cancellation of LNG cargoes by Indian offtakers, Force Majeure clauses are getting a close scrutiny around the world
8Will invocation of these clause hold up to scrutiny
8Wriggling out of such conditions may not be all that easy, it seems
8Generally too, there will be many contracts in the oil & gas sector where the Force Majeure clause will be invoked. How should a company deal with them from the contracts and dispute resolution point of view?
Get a full overview here Details
There was fear that the OPEC production cut may hurt crude carrier rates as there will be less crude to ferry or store, something that companies like Great Eastern Shipping are very interest in
8But is there a real need to fear that carrier rates will plunge?
Click on Details for more Details
GAIL, with its massive commitment to lift US LNG, is increasingly in a tight spot as the netback to Asia has disappeared
8There is now distressing news that at least one bulk offtaker of Cheniere has defaulted, ultimately having to bear a loss of of up to $0.50/MMBtu on the cargo.
8Also, the netback for US cargoes to Asia seems to have turned highly negative, making selling US cargoes very difficult in the region, particularly to India.
Click on Details for more   Details
For reference purposes the website carries here the following tenders:
8Supply of Pre-Fabricated SS Tanks for ROs under SCZ Details
8Transportation of Packed LPG Cylinders by Road Ex Mysore LPG Bottling Plant Details
8Supply of VG 8, VG 12 and VG 100 to HPCL Mazgaon and Silvassa Terminals Details
8Providing SWC Jobs in Bangalore West SA and Mandhya Details
8Supply of Thermostatic Fuel Valves for Indirect Heater Details
8Supply of Hand Slip for 2.3/ 8 Inches OD Tubing Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Pradhan reiterates PM's call for G20 taking human-centric approach to overcome hardships Details
8Petrol pump dealers urge state-run OMCs for financial support as sales plummet due to lockdown Details
8Petrol pumps not to provide fuel to those not wearing masks in Bhubaneswar Details
8IOC begins night shift in 2 Assam bottling plants for production ramp-up Details
8GAIL shuts Pata petrochemical plant on demand, offtake issues Details
8Petroleum dealers seek 'stimulus package' from oil companies Details
8Oil refiners may have to shut a few units Details
8Saudi, Russia reach consensus; OPEC+ to cut output by 10 mbpd Details
8Saudi energy minister says OPEC+ oil pact hinges on Mexico joining Details
8Global oil output cuts held hostage to Mexican standoff Details
8G20 nations undertake commitment to take immediate measures to ensure stability of energy market Details
8Saudi-Mexican clash halts record oil cut deal despite Trump pressure Details
8Global pact to contain oil price crash takes shape Details
8G-20, OPEC working to rebalance oil market Details
8How the pandemic wiped out oil demand around the world Details
8OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic Details
8Trump hails OPEC agreement to cut oil production for saving US energy jobs Details
You can also click on Newsclips for more   Details
An engineering major with 45 years of experience in India is finally folding up in India.
8It seems to have given up on its battle with the virus.
8It is folding up its India operations
Click on Details for more Details
Dark clouds are looming over the Mozambique LNG project, in which the Indian trio of ONGC, OIL and BPCL are heavily invested
8FID has been announced but developments are pointing towards likely delays
Click on Details for more. Details
PLL's deferred cargoes from Qatargas are being up by the Chinese
8China is on the road to recovery as the rest of the world stumbles
Click on Details for more   Details
For reference purposes the website carries here the following tenders:
8Procurement of Pressure Gauges at refinery Details
8Procurement of Thermoindicative paint for PG boiler at refinery Details
8Supply of Miscellaneous Lab Chemicals Details
8Providing Security Services at SV Stations & Pigging Stations Details
8Procurement of Control Valves for DCU cold feed exchanger modification scheme Details
8Supply of License Subscription for Veritas Backup Software Details
8Providing Vehicle Hiring Services Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IndianOil ties up LPG imports, fully geared for higher gas demand Details
8Gujarat: Sabarmati Gas Limited slashes rates of CNG and PNG Details
8Covid-19 impact: India’s petroleum consumption falls to 10-year low Details
8India shuns Gulf producers, diverts refiners' oil to SPR Details
8Oil companies to report big losses as lockdown shrinks sales Details
8Asian LNG prices edge up from record low but demand still stale Details
8Saudi, Russia outline record oil cut under US pressure as demand crashes Details
8Oil refiners may have to shut a few units Details
8US banks prepare to seize energy assets as shale boom goes bust Details
8ExxonMobil tests new technologies to slash methane emissions Details
8Oil-producing nations seek global deal to stabilize market Details
8Oil prices fall sharply as top producers hold key talks Details
8Saudi, Russia move closer to record oil cut deal Details
8Japan urges G20 energy summit to address importance of stable oil prices: minister Details
8Oil importing countries may announce oil purchases to support demand: IEA head Details
8Venezuela gasoline shortages worsen as U.S. tells firms to avoid supply Details
8Rosneft believes OPEC+ output cut of 10 mln bpd would rebalance markets Details
You can also click on Newsclips for more   Details
8The stress of the lockdown will be heavier on engineering companies than on their EPC counterparts.
8Find how engineering companies are likely to fare
Click on Details for more. Details
A sharp shrinkage in LNG offtake has been noticed from GSPC, one of the largest buyers of LNG in India.
8GSPC's volumes are transmitted by its subsidiary transmission company, GSPL
Click on Details for more Details
Anyone tracking the polymer market will notice that prices are on free fall
8We have a petrochemical website that tracks prices, and we have been unable to discover genuine prices since the lockdown
8Globally, all indices are in freefall
You can click on Reports and also go to www.indianpetrochem.com (for prices, trends and analysis)   Details
In volatile times, cost economics in the oil & gas industry has gone haywire
8With scrubbers, the economics have turn unfavorable quite quickly
8And if you are scrubber equipped, you may find the going much more difficult than if you are not
Click on Reports for more Details
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