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Apr 2020

The website has put together a roundup of of how COVID-19 is impacting the oil & gas industry
8How much is output down? How long will it take for the situation to change
8There is an advisory that E&P players should put off all work till 2022
8How will equipment prices behave in 2020? What will be the level of contraction?
8By how much will demand for oil go down in India in April?
8China has recovered but how long will it take to fully recover?
8Also get a perspective of the pandemic itself, projections on percentage of population to be infected by the virus, and where India will stand globally in this.
Click on Details for more Details
In these times of extreme volatility, nothing is certain
8Crude carrier rates hit the ceiling but they are falling rapidly now
8What is the outlook going ahead?
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Slowly but steadily more gas buyers are coming on line
8One buyer with a demand of 0.63 mmscmd which shutdown after the lockdown has come back on stream
Click on Details for more. Details
There is some good and sobering news on the oil price front
8Some of the key indices are at around their long term average
8And if the price line can be held, with supply contracting, if the demand destruction is going to be only short term, expect an upswing from here
Click on Details for more  Details
Is it not only LNG that is facing a offtake crunch. Even domestic gas sold at cheap government sponsored rates is also facing an offtake problem
8Find out what has been the offtake in ONGC's processing plant at Uran and Hazira
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Procurement of critical spare parts of mechanical seal of mainline pumps and booster pumps Details
8Procurement of Flowserve make Mechanical Seal and its Spares for Booster Pumps Details
8Supply of spares for Emerson make radar level gauge at refinery Details
8Supply of Siemens Positioner for SRU-MSQ Block at refinery Details
8Expression of Interest for Gas Turbines Details
8Supply and application of Insulation Mats at refinery Details
8Hiring of services for acquisition of 200 LKM of 2D and 185 SQKM of 3D seismic data Details
8Road Transportation of Bulk Petroleum Products (Molten Sulphur) Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Gail India sells US LNG cargo loading from Cove Point in May: sources Details
8Downstream PSUs to report large losses in Q4 of 2019-2020: Kotak Details
8Adani Gas to cut prices of CNG and PNG from tomorrow Details
8India to use low priced oil from Saudi, UAE to fill strategic reserves Details
8RIL, IOC, HPCL & BPCL raise 78,000 cr via CPs Details
8Tamil Nadu: LPG cylinder delivery up 15 per cent in March Details
8LPG delivery at doorstep, no one should visit distributor: Oil companies Details
8RIL's net debt to fall despite struggling energy, retail demand and delay in asset sales Details
8L&T wins 'large' contract from Indian Oil for capacity expansion at Barauni Refinery Details
8Vedanta starts limited operation of its value added biz in Goa Details
8Oil exploration activity falls in Norway, output maintained: NPD Details
8EIA forecasts Brent crude oil prices to average $33 in 2020 Details
8Crude futures climb ahead of OPEC+ meeting Details
8Saudi Arabia buys stakes worth $1 bln in European oil companies: WSJ Details
8Shell's carbon emissions drop in 2019 to four-year low Details
8Companies working on off days to meet LPG demand Details
8US crude and fuel stocks soar as demand craters due to pandemic: EIA Details
8BP issues force majeure to Golar over Tortue Ahmeyim LNG project Details
You can also click on Newsclips for more   Details
We did a case study of  a large industrial cluster with a large demand for gas which is under full lock down now
8We interviewed factory owners to find out what the current status is, whether the labour force is still there or have they migrated out
8Also, what is the outlook like? How long will it take to get back to full capacity again?
8We got some very interesting insights which will be of interest to the gas supplier
Click on Details for more Details
It is important to for gas suppliers to keep track of the health of the downstream industries on whom gas offtake depends
8Here is today's update on one large buyers' segment
8There was hope, then there is a little bit of despair now. And this will have repercussions for the gas supply industry.
Click on Details for more Details
Cairn India markets gas from its Barmer, Cambay and Ravva fields
8The company claims it is the second largest producer of gas in India
8Find out what kind of prices they were eliciting and how does the lockdown change the dynamics
8And as of now, what is the outlook ahead
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of license, basic design & engineering package and other services for installation of spent Caustic Regeneration Unit at refinery Details
8Transportation of packed LPG Cylinders Details
8Standard Fire and Special Perils Insurance Cover for LNG Terminal Details
8Hiring of Vehicles Details
8Procurement of Ups System for Jagdishpur-Haldia-Bokaro -Dhamra Pipeline project Details
8Hiring of Item Rate Contract Services for Maintenance and associated jobs at Compressor Station Details
8Pipeline Application Software System for Haldia-Durgapur Loopline of PHDPL Details
8Annual Rate Contract for Civil Maintenance Works Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Vedanta cuts oil production at its Rajasthan block by a tenth Details
8Undeterred by coronavirus, IOC rolls out world’s largest supply mission for Ladakh Details
8Petrol, diesel prices remain unchanged for 22 days Details
8Karnataka: MRPL reduces production of diesel, petrol Details
8IndiGo, SpiceJet face major air turbulence after Corona hit, may soon run out of fuel Details
8Plunging fuel demand has OMCs worried on all fronts Details
8Cairn asks govt to revisit oil taxation regime; says funding new exploration difficult Details
8Odisha: Supply fuel to only vehicles engaged in essential services: Collector to petrol pumps Details
8India, Abu Dhabi agree to work together to mitigate challenges in energy sector due to COVID-19 Details
8India to continue prompt fuel exports for at least two more weeks Details
8US court rejects refiners' challenge in EPA biofuel waivers case Details
8UAE assures additional LPG supplies to meet free LPG demand of India Details
8Alaska to see lower revenue, weaker output on oil price slump: report Details
8G20 energy ministers to hold video conference on Friday: document Details
8Oil storage uneconomical despite hefty supplies as Brent futures strengthen Details
8Shell and partners delay decision on Australia's Crux gas project Details
8Delek's Ithaca halves spending, says cashflow remains buoyant Details
8Crude oil futures gain 1.66 pc on global cues Details
8Chinese refiners buy rare N. Sea, Guyana crude at low prices: sources Details
8US LNG cargoes heading to China after Beijing awards tax waivers Details
8Oil rises as hopes build for global production cut Details
8Coronavirus, low oil prices to hit Azeri economy Details
8OPEC+ set to agree 4.3 mln bpd in output cuts: JP Morgan Details
You can also click on Newsclips for more   Details
Despite the mayhem all around, the index to watch is spot gas prices.
8After a sustained period of free falling, can they fall any further?
8This is a question on the minds of all key players
Click on Details for more Details
We are reducing our reportage on the E&P side in terms of our project updates as of now, as there is no real clarity with stakeholders on the future outlook
8As of now, everything is on hold on account of the lockdown and because of he uncertainity with crude prices
8Unless IRRs are positive, activity will be difficult to anticipate. "This is a short period of uncertainity, and hopefully it will pass soon," an E&P operator told this website.
8Meanwhile, ONGC has kept its large offshore projects on hold, waiting for more clarity. We will report on these as and when we notice some movements.
8We will provide independent outlook assessments by talking to stakeholders as and when needed Details
It is clear that Indian LNG volumes are not being absorbed in sufficient quantities yet in India
8So what is the status as of now?
Click on Details for more Details
The crude carrier market is going through unprecedented undulations
8VLCC and Suezmax TCA have gained 164.4% and 37.7% respectively on a quarterly basis.
8Will the coming quarter be as good?
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What is the status on Force Majeure conditonaliites and their invocation both by domestic buyers and buyers such as PLL and GAIL?
8Hectic discussions are currently on
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8Now that cheap spot gas makes gas-based power capable of finding a place in the merit order purchase system, can we expect a restart of India stranded gas based power capacity?
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The biggest risk to domestic oil production is the possibility of a virus attack on ONGC's manned offshore platforms
8Find out more on what is up on that front
Click on Details for more Details
The good news is that ONGC is going ahead with its 10-vessel tender
8But the dynamics will change
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How is the OPEC+ attempt to cut crude supplies to stem the slump in oil prices progressing?
8Not so well at this point
8But the situation can change. Details
For the country's largest LNG buyer segment, one fear seems to be have ebbed
8Another one is looming ahead
Click on Details for more Details
Will ONGC cut day rates of support vessels?
8There is some fear that the company may do so of those vessels which are under contract in case the current situation prevails but are the fears justified?
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Liquid Nitrogen Details
8Supply of Pressure Relief Valves Details
8Inspection and Testing of Distribution Transformer at LPG Plant Details
8Piling and Civil Works in Brahmapuram Area Details
8Supply of Oxidation Reactors for Polyols Petrochemicals Project Details
8Red Hat Software Subscription and Support Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8PM's April 5 blackout call puts power sector on alert mode to maintain grid stability Details
8ONGC sells June-loading Russian Sokol crude at record discount: Sources Details
8Petrol, diesel prices remain unchanged for 21 days Details
8Share profits from low crude oil prices with people amid COVID-19 lockdown: Cong to govt Details
8Petrol sales shrink 15.5 per cent, diesel 24 per cent in March as lockdown wipes demand Details
8Fitch downgrades Cairn India to 'B+' on lower oil prices Details
8Lockdown to delay several oil, gas projects Details
8Qatar Petroleum: coronavirus turmoil will not stop LNG expansion abroad Details
8US and Saudi ministers discussed global oil markets, says US Details
8EBRD may lend 244 mln euros to Kazakh pipeline firm Kaztransgas Details
8Saudi Arabia-Russia oil talks delayed Details
8Oil falls after Saudi Arabia, Russia delay meeting Details
8Indonesia's Pertamina Q1 crude output slightly below target Details
8Oil rises 3% on hopes for output cut as coronavirus ravages demand Details
You can also click on Newsclips for more   Details
 Are private sector refineries able to push through a higher run rate than public sector refineries?
8While information on RIL is not available, Nayara Energy seems to be coping well, for now
8Margins have nosedived.
Click on Details for more  Details
We have taken a large CGD player and gone through its current demand for gas matrices with its top excutives
8The same matrices, we have been told, apply for most large CGD companies currently operational
8By how much has demand come down? And which are the segments impacted most?
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After absorbing the shock of the lockdown, the business community is readying multiple-point action plans to tackle the crisis
8The list is long, but it incorporates redressal of the main issues that will now bedevil the oil & gas sector as well
Click on Reports for more Details
By how much will LNG demand suffer with a three week lockdown?
8What if the lockdown is expanded?
8Key buyers in India declared force majeure last week as they lost the manpower to unload vessels and faced declining demand due to the country’s shutdown.
8Of the 14 vessels floating worldwide carrying cargoes that cannot land, there are three ships still offshore India.
8That's down from many more vessels which were floating offshore of India
8Eight vessels were able to discharge in India over the previous seven days, it is learned
8But the situation may get worse before it gets better
Click on Reports for more Details
Trump said he had brokered a deal to cut output by 10 to 15 million barrels per day (bpd) - an unprecedented amount representing 10% to 15% of global supply, and one that would require the participation of nations outside of OPEC and its allies.
8The "deal" seems to have firmed up the price of Brent to some extent
8What is the "deal" all about, get a full analysis here
8And will it really work?
Click on Reports for more Details
The first comprehensive modeling exercise on how COVID-19 will impact global demand for oil and gas is out
8Two scenarios are envisaged, an early stabilization or a protracted pandemic
8Infection by COVID-19 has peaked in China, and is assumed to peak also in Japan and South Korea in March or April, and in April or May in Europe, North America and Iran. In the Middle East countries other than Iran, and also in South America, Africa, South and Southeast Asia, Russia, Central Asia and Australia, the infection will not spread to a serious level.
8The risks caused by infection will mostly end during July and August, after which economic activity will begin to recover to normal levels.
8The projected figures are of course lower than what could have happened under a pre-COVID scenario, but will they be alarmingly lower?
Click on Report for more Details
With gas prices down, the stranded gas fired capacity can now get started
8The competitiveness of gas based capacity in the power sector is being relooked, as some gas based capacity has already got going
8At current prices, as can be seen through a correlation exercise, a lot of gas-based power has become viable
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Providing and Operation of LMVs at refinery Details
8Geotechnical, Hydrographical and Hydrological Survey for Srikakulam-Angul Pipeline Project Details
8Design and Commissioning of Fire Alarm System Details
8Security Caretaking and Loss Prevention Services at Pipeline Installations Details
8Supply, Installation and Commissioning of Process Gas Chromatographs Details
8Design and Commissioning of Vapour Recovery System Details
8Supply of Reciprocating Compressors Details
8Online Condition Monitoring of Motors at refinery Details
8Annual Maintenance Contract for Clean Agent Systems Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8CNG, piped cooking gas price in Delhi, adjoining cities cut Details
8No change in basic selling price of petrol, diesel: IndianOil Details
8Oil firms delivering over 60 lakh LPG cylinders daily during lockdown: Pradhan Details
8Fuel consumption sees drastic drop Details
8Government advances transfer of cash to Ujjwala consumers Details
8Karnataka: MRPL ensures smooth fuel supply during COVID-19 spread Details
8Pradhan speaks to US Energy Secretary on slump in fuel demand due to Covid-19 Details
8BPCL develops faster, cheaper tech to assay crude; in talks with MNCs for commercial tie-ups Details
8Gujarat: GSPC begins process to sell stake in 7 onshore blocks Details
8ONGC's SOS to govt: Cut cess, royalty, free gas price to help co survive Details
8Fuel demand crashes in March; April to be worse Details
8Oil demand is likely to fall by a quarter in 2020: Yan Chong, Refinitiv Details
8Trump does not plan to ask U.S. oil producers for coordinated cuts Details
8Asian prices drop to record low as coronavirus slams gas demand Details
8Trump to host Big Oil execs at White House to discuss market slump Details
8Deep oil output cuts won't offset unprecedented demand loss: IEA Details
8Trump aims to ease US oil cash crunch, no plan to trim output: sources Details
8US not negotiating with Saudi Arabia, Russia; wants them to reach oil deal: source Details
8Oil price barrels ahead as OPEC flags meeting Details
8Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal Details
8OPINION: Crude oil's wild ride doesn't answer the serious questions: Russell Details
You can also click on Newsclips for more   Details
When it comes to bargain hunting, you cannot beat the Indians
8First it was for LNG, as hungry Indian buyers thronged the market but then the virus attack forced them into a quick retreat. Now it is the Indian shipper.
8Last week, an Indian buyer picked up a vintage VLCC sensing a killing
8Meanwhile, the oil glut is witnessing VLCC rates now fixing north of $100,000/day while the period charter market is expanding.
Click on Details for more Details
The company has 20-year LNG contracts to buy 5.8 million tonnes per year of U.S. LNG, split between Dominion Energy Inc’s Cove Point plant and Cheniere Energy Inc’s Sabine Pass facility in Louisiana.
8With demand for LNG drying up globally, GAIL is finding it near-impossible to honour its offtake commitments
8But the gas major may end up with an unexpected relief that may keep the company off the hook.
Click on Details for more Details
Last week,Indian state-owned entities like GSPC and and GAIL (India) Limited issued force majeure notices to their suppliers for March-April delivery cargoes to Dahej,Mundra and Dabhol LNG terminals
8This is even as LNG prices are touching fresh lows.
8COVID-19 is beginning to bite the industry but it will be the fastest to revive when the situation settles down
Click on Reports for more Details
 What kind of production rate is the first gas well from ONGC's KG-DWN-98/2 block throwing up now?
8ONGC has activated the U-3-B well, with a target output of 0.7 mmscmd
 8What is the status as of now? Details
8Find out why Great Eastern Shipping may post one of its best years this year
Click on Details for more Details
Just like with Great Eastern Shipping, this may turn out to be a very good year for the LNG industry
8Some segments may be impacted by COVID-19 but some big demand segments are expected to carry the day
Find out more Details
Now that the COVID-19 repercussions are spreading, a wish list is being drawn up to salvage the oil & gas industry
8Find out more on what is being talked about
8Also, it may well be likely that the oil & gas sector may end up bearing a disproportionate share of the burden
Click on Details for more Details
What about vendor payments by ONGC?
8How is the situation managed?
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Did McDermott declare Force Majeure in the KG-DWN-98/2 block? And what has ONGC's response been?
8McDermott is responsible for transportation and installation of SURF and SPS facilities. It has using its engineering and other key resources in Kuala Lumpur, Malaysia and Chennai and had deployed the Derrick Barge 30, Lay Vessel North Ocean 105 and Lay Vessel 108 in the block.
8McDermott's cost is pegged at $700 million, and that includes marine spreads
8The multinational is part of a consortium lead by Baker Hughes with L&T Hydrocarbons also as a partner
Click on Details for more Details
Find out how ONGC's top executives are working during the lockdown.
8Is work getting hampered?
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8With POL offtake coming down, big refineries are going through a lower capacity utilization level
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Providing Security Services to all the SV stations & pigging stations Details
8SITC & Service of DNS Security Solution Details
8Procurement of Triple Offset Butterfly Valves Details
8EOI from Compressed Biogas or Compressed Natural Gas or Liquified Natural Gas equipment manufacturers and suppliers Details
8Procurement of Network Monitoring and Management Solution at refinery Details
8Supply of Mechanical Seal Spares at Barauni Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8IOCL's Mathura refinery ramps up LPG production amid lockdown Details
8DGH refuses commerciality of ONGC's deepest gas find Details
8Nationwide lockdown to cost Indian economy USD 4.64 bn every day: Acuite Ratings Details
8ONGC to lose Rs 4,000 cr on new gas price; seeks freeing of gas prices Details
8IGL cuts CNG, PNG prices Details
8Oil cos switch to BS-VI fuel without raising prices; rate hike due to high state VAT: IOC Details
8Petrol, diesel prices jump by Re 1 in 3 states on higher tax Details
8As oil sinks, some companies float idea of 'zero clause' in trades Details
8Russian oil output steady in March: Interfax Details
8OPINION: LNG's plummeting price in Asia should drag down thermal coal: Russell Details
8Asian refiners call on Saudi to cut oil prices further in May Details
8Shale-well frackers grind to a halt as oil prices collapse Details
8China's Daqing to boost oil refining and petrochemical production Details
8Russia has no plans to increase oil output: Energy Minister Details
8Oil-producing countries have not discussed deals outside OPEC+ format - Kremlin Details
8Nigeria tells oil, gas companies to cut staff in pandemic fight Details
8Oil rebounds on hopes of US intervention to end price war Details
8Saudi Arabia and Russia signal readiness to cooperate on oil Details
8UK oil, gas body asks gov't to adapt financial aid schemes for oil service sector Details
8Brent physical oil benchmark at record $10 discount to futures Details
8UAE's Dana Gas delays decision on Egypt assets sale Details
8OPEC's daily basket oil price slides below $17 a barrel Details
8Trump says oil output cut could be as high as 15 million barrels a day Details
8Oil majors rush to raise billions in debt as crude prices sink Details
You can also click on Newsclips for more   Details
Now that the Ratna R-Series field tender has been cancelled, what is its status going ahead?
8Find out what top executives of ONGC has to say about the fate of the tender
Click on Details for more Details
Some public sector segments have moved from hard copies to email billing as a result of the lockdown
8Oil companies have not announced any such measures but other non-oil public sector companies have been ordered by their ministries to do so
8Hard copies are to be submitted within 15 days of the lifting of the lockdown
Click on Reports for more. Details
Now that gas prices have been revised downwards by the government, how do these pricing dynamics work through the system
8How will the upstream business fare?
8What will be the impact on the downstream industry?
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Companies like GAIL face a Hobson's choice when it comes to charter hiring of ships
8There has been a big spike in floating storage, from zero ships to about 25 ships and at significant freight rates.
8Also with a burden to lift a large volume of US LNG, even though it has back to back lifting arrangements for a bulk of the LNG, GAIL will have to take some quick decisions or it may run out of ships to hire when demand revives by coming autumn or winter
8Then again, most of GAIL’s downstream supply contracts are linked to the three-month average Brent crude price. While these have witnessed a steep decline, henry hub natural gas prices have not witnessed a similar decline because of which, the profitability on the HH indexed natural gas is expected to beadversely impacted. Click on Details for more Details
8These may be tough times for the oil & gas industry but that has not deterred an Indian major to complete an oil & gas transaction worth over $100 million this week
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of Special control valves (butterfly) Details
8Supply of Fittings from Seamless Pipe-carbon Steel Details
8Procurement of TnHAL 50% Solution in White Mineral Oil Details
8Production and Supply of Compressed Bio Gas to Oil Marketing Companies Details
8Annual Rate contract for supply of Methyl Diethanol Amine Details
8Annual Rate Contract for supply of CS Plug Valves & CS Pressure Balanced Plug valves, manually operated valves and MOVs for all over India Details
8Supply of Variable Frequency Drives Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8LPG cylinders cheaper by up to Rs 65, second price cut in two months Details
8OMCs announce Covid-19 ex-gratia for personnel as goodwill gesture Details
8Ujjwala beneficiaries entitled to 3 free LPG cylinders under PM Garib Kalyan Yojana, can avail free cylinders up to March 2021 Details
8Staff crunch may hit LPG distribution in Bengaluru Details
8India switches to world's cleanest petrol, diesel with no increase in prices Details
8Oilfield spending to fall 21 per cent as producers slash outlays: report Details
8COVID-19 lockdown: Air quality in India’s major industrial cities improve by up to 60% compared to last year Details
8IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait Details
8Rs 5 lakh ex gratia announced for LPG vendor Details
8Oil cos, power PSUs, SBI gear up to fight Covid-19 Details
8We are regulating crude throughput to scale-up operations when required: MK Surana, Chairman, HPCL Details
8Fuel prices hiked in Mumbai, prices remain unchanged in other metro cities Details
8Make free market for local natural gas: ONGC Details
8Saudi oil supply hits record high despite U.S. pressure Details
8Trump says ready to help end Saudi-Russian oil-price war Details
8Oil plunges 4 per cent as oversupply fears pile up with US inventories growth Details
8U.S.-Saudi oil alliance idea born at White House, put on back burner for now Details
8Gulf stocks battered by coronavirus, oil price war in Q1 Details
8Chinese buyers snap up U.S. oil purchases at widest discounts ever Details
8Oil majors slash 2020 spending by 20 per cent after prices slump Details
8Russia's Siberian Light oil falls to record low as buyers avoid light barrels Details
8UAE's Fujairah oil storage tanks at full capacity: industry Details
8Oil surges as Trump talks up hopes for truce in Saudi-Russia price war Details
8Singapore's Pavilion Energy seeks industry standard for green LNG Details
You can also click on Newsclips for more   Details
How equipped is Reliance Industries Ltd is to take on COVID-19?
8RIL exported 39.3mmt of refined products in FY19. Slowdown in global demand of petroleum products could eventually result in lower utilization levels.
8By how much are estimates cut for the current year? Details
An oil & gas multinational has just announced that it will not impose salary cuts on its employees for three months
8There will be no layoffs either, the company said, despite restricting conditions
8What about other companies? And will local companies have that kind of staying power?
Click on Details for more Details
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