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Apr 2019

8Project Name: Pipeline Replacement Project
8Project Cost: Rs 1370 crore
8Project Description: Oil and Natural Gas Corporation Limited's RFQ for the hiring of an LSTK contractor for Pipeline Replacement Project (PRP-6) in Western Offshore Basin is out. The project involves replacement of 123 km of subsea pipelines along with modification of topsides in as many as one-and-half dozen platforms in the NLP, MSP and BCPA-3 systems in Mumbai High. Mcdermott is reported to be staying out. Find out who is bidding who is not The project completion date has been extended.
8Project Event: The bidding is likely to close by 16th April 2019
8Expenditure Approval: Q4/2018.
8RFQ Date: 20/Feb/2019
8Release Date: 16/Apr/2019
8Start Date: Q3:2019
8Completion Date: 31/Dec/2020
Click here for more details Details
8Project Name: Well Consultancy Services
8Project Description: ONGC's RFQ for the hiring of Well Consultancy Services for the Deen Dayal block is out. As per the sources, two bidders are likely to be in the race: However, no PQC meeting is scheduled for the tender. The contract will be valid for a period of 2 years from mid-Q3 2019.
8Project Event: Tender is expected to close by May 2019
8Expenditure Approval: Q4/2018.
8RFQ Date: 2/Apr/2019
8Release Date: 2/May/2019
8Start Date: Q3:2019
8Completion Date: Q3/2021
Click here for more details Details
Ammonia-Urea Energy Saving Project 
8Cost - Rs 481 crore
8Project Event: NIT for a supply of alloy steel seamless IBR pipe, Gate & Globe valve is out. The bid closing date is 12 April 2019.
Click here for more details
Ammonium Nitrate and Nitric Acid Greenfield Project 
8Cost - Rs 1375 crore
8Project Event: The proposal for the environmental clearance has been accepted, RFQ for EPC contractor is likely to be released in May in place of March 2018, due to delay in the internal discussions..
Click here for more details Details
Project Name: Pumped Storage Hydroelectric Project
8Project Cost: 4000 crores
8Project Description: Bids had to be canceled for the PFR and DPR works in a pumped storage scheme project.
8Survey works for hydrological, geological and aquatic life is yet to be started.
8An EoI to be floated soon for consultancy services.
8Start Date: 2022
8Completion Date: 2027
Click here for more details
Project Name: Greenfield Hydro Project
8Project Cost: 1500 crores
8Project Description: A greenfield hydel power project is at the DPR stage.
8Techno-economic clearance is yet to be granted.
8Moreover, a public hearing is to be conducted soon.
8RFQ for an SIA consultant is expected
8Start Date: 2021
8Completion Date: 2025
Click here for more details
8Kamarajar Port: O&M for Grab unloaders for a thermal power project is coming up ahead ahead
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Hiring of consultancy services for drilling and well services Details
8Hiring of Job Services for Low Frequency Passive Seismic Survey Details
8Procurement of SOBM Equipments Details
8Procurement of HTHP Cement Consistometer for DFS Drilling services Details
8Three Years Annual Maintenance Contract (AMC) for Control Valves at Offshore Platforms under B&S Asset Details
8GP Packer along with accessories and Hardware for Sand Control Details
8Supply of Angle type water dump valves Details
8Design and Commissioning of Microprocessor Controlled and Coordinated Smoke Detection and Fire Alarm System and Gas Suppression System Details
8Emission Control System (Vapor Recovery System) at Dharmapuri Terminal Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Mahanagar Gas to hike prices of CNG and PNG from April 4 Details
8OMCs face poll heat to keep fuel prices low Details
8Maersk's head of energy to leave company after spinning off oil unit Details
8Two groups submit offers for gas pipeline between Bulgaria and Greece Details
8China's LNG imports could reach 110 bn cubic metres by 2025: CNPC Details
8UAE's ADNOC signs new long-term agreement for base oil sales into China Details
8Shell sees rise in Nigeria oil spills in 2018 Details
8South Korean ship detained for allegedly providing oil to North Korea Details
8China gas demand to reach 360 bcm in 2020: CNOOC Details
8LNG will be big part of China-US trade once tensions resolved: CNOOC Details
8Trump to sign order seeking to clear gas pipeline hurdles -Kudlow Details
8Oil prices edge lower after U.S. inventories build Details
8Saudi-led group wins tender to build gas pipeline in Bulgaria Details
8Algeria's shake-up raises questions about energy industry Details
8Colorado lawmakers pass law overhauling oil and gas drilling regulations Details
8France's Total signs 10-yr LNG deal with China's Guanghui Details
8Ethanol blending with petrol may reach 7.2% in 2018-19 season from 4.2% last year Details
You can also click on Newsclips for more   Details
The correct calculation of GST in a tender submission has now become a big problem with bidders involved in complex E&P projects where multiple GST rates can be applicable, according to our sources.
8The calculations are complex. For example, onshore works contracts attract a different GST  while the GST rate is different for offshore works, at 18% within 12 nautical miles and beyond 12 nautical miles at 12%.
8Then again, goods are taxed at 5% and services at either 12% or 18%
8Bidders have to calculate the tax as on the date of the submission, with the owner, such as ONGC or OIL, unwilling to take any liability for miscalculating this rate. The GST is to be submitted to the government by the contractor and the owners will not take any responsibility.
8Any change of law will be taken into account prospectively not retrospectively.
The questions that arise are the following?
8Is it possible for E&P operators to provide for a level playing field to all bidders by comparing bids without taking GST into account?
8Did the Mcdermott-L&T consortium take a big risk by calculating a lower GST amount while bidding for the SPS+SURF contract in the KG-DWN-98/2 block. What if the tax authorities decide to charge a higher GST eventually? A higher GST calculation taken by the consortium of Technip UK Ltd and FMC Kongsberg Subsea AS for the same contract, as a result of which they lost the deal. What if their calculation is the correct one and not the one taken into consideration by Mcdermott-L&T.
8What about the bid submitted by the Sapoorji-Pallonji-Bhumi Armada combine for the high value FPSO contract in the same block? Are they making the same mistake? .
Click on Details for more on how GST calculations have become a nightmare for some bidders, so much so that contracts have been lost because of such miscalculations.  Details
The hydropower segment accounts for 13% of India's total installed power capacity.
8Currently, 37 projects with a capacity of over 12,000 MW of which 16 projects with a capacity of nearly 6000 MW are stalled at various stages.
8Apart from this, capacities over 5000 MW of hydel capacity has been identified in the North Eastern parts of the country for development
Click on Reports for more Details
With the advent of IMO 2020 reglations, there has been a lot of speculation on what is going to happen to HFSO in relation to LSFO.
Here are some observations:
8HSFO has been performing quite well recently with the spread to LSFO reaching low levels. But these differences are expected to widen ending-2019, as IMO rules are implemented and bunker fuel oil demand falls after 2020.
8IEA estimates a fall of HSFO demand from 3.5 mb/d to 1.4 mb/d between 2019 and 2020, with the 2.1 mb/d difference projected to be met by a 1.1 mb/d increase in MGO and a 1.0 mb/d increase in VLSFO.
8Refineries may have to increase runs to supply more diesel but this means diesel margins may need to rise and do most of the heavy lifting.
8OECD middle distillate stocks are at relatively low levels and therefore the buffers may be thin if gasoil demand rises above expectations.
8If low-sulphur Vacuum Gasoil (VGO) is diverted from the gasoline pool to create compliant fuel oil, gasoline margins are expected to rise.
8HSFO may also receive support if scrubber installations increase or if HDFO finds it way into the power sector, but for that to happen, it has to be priced competitively.
Click on Reports for more  Details
IMO 2020 is also meant to upset the heavy-sweet crude economics but different forces are expected to be at play
8While crude differentials are expected to widen as refineries increase their demand for lighter sour crudes, the implementation of the IMO2020 ruling is not the only factor affecting sweet-sour crude differentials.
8The exacerbation of heavy sour crude shortage due to OPEC output cuts and disruptions of heavier grades may keep differentials narrow and even widen the BD spread into negative territory, affecting refinery margins.
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DAP Expansion Project  
8Cost - Rs 442 Crore
8Project Event: The purchase of long lead item and services is ongoing from May 2018 and erection work is also ongoing at the site.
Click here for more details
Ammonia -Urea Maintenance Project   
8Cost - Rs 10 Crore
8Project Event: The NIT for the ammonia-urea maintenance contractor has been released and finalization is under evaluation.
Click here for more details Details
For reference purposes the website carries here the following tenders:
8Supply of Antistatic Additive for ATF Details
8ARC for Chain pully blocks/ Mono blocks overhauling with spares Details
8Chemical Preparation/ Handling and Upkeep Works at CPP Details
8Supply of ISOM Methanator Catalyst Details
8Construction of PEB structural sheds along with associated civil works Details
8Corrigendum: Procurement of MDPE pipes on ARC basis Details
8Procurement of Octyl Alcohol Details
8Appointment of C&F operator cum Secondary Transportation Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8BS VI fuel: Indian Oil says supply has begun in 12 NCR districts, Agra Details
8India's exports may be highest ever at $330 bn in FY19 on petroleum, pharma Details
8CNG prices likely to rise by about Rs 1.25/kg Details
8Exxonmobil approves multi-billion Dollar investment in Singapore complex Details
8Aramco's big reveal: What we learned about the Saudi oil giant Details
8Shell to scrap membership of US refining group over climate policy Details
8Ukraine's Naftogaz gets Chinese backing for $1 bn in loans and investment Details
8Indonesia's Medco sees 100,000 boepd production after Ophir deal Details
8UGI Corp to buy 75 per cent of AmeriGas Partners in $2.44-bn deal Details
8Three importers cut Iran oil shipments to zero: US envoy Details
8SoCalGas to replace 20 per cent of traditional natgas supply with RNG by 2030 Details
8Brent approaches $70 as oil prices rise for fourth day Details
8Venezuela oil exports stable in March despite sanctions, blackouts Details
8Total, Tellurian sign deals to develop Driftwood LNG project Details
8Algeria: youthful country dependent on oil and gas Details
You can also click on Newsclips for more   Details
8Project Name: Oil Field Development
8Project Cost: Rs 100 crore
8Project Description: Oil and Natural Gas Corporation Limited will soon release the RFQs for the hiring of Cementing, Well logging and mobile Effluent treatment Services as the environment clearance for the project has been granted. As per the sources, the owner will float the RFQs by the next month. Furthermore, company-owned drilling rigs will be mobilized by the end of Q3 2019. Moreover, ONGC has dropped the 2 wells which were taken previously in TOR granted in 2015 on account of issues in the forest clearance. The scope of the project involves exploratory/appraisal drilling of two wells in the North East. The drilling activity for the project is expected to begin by Q4/2019. Further RFQs can be expected shortly.
8Project Event: RFQ for the hiring of Cementing, Well logging and Mobile Effluent treatment Services is expected by May 2019.
8Expenditure Approval: Q4/2017
8RFQ Date: May/2019
8Release Date: Jul/2019
8Start Date: Nov/2019
8Completion Date: Nov/2020
Click here for more details Details
8Project Name: Panipat Refinery Naphtha Cracker Unit Expansion Project
8Project Cost: Rs 1636 crore
8Project Description: Get the latest project update. Also get the list of equipment for which RFQs are yet to go out.
8Project Event: RFQ for the coke removal system and Naphtha Cracker Unit heater is expected by May 2019.
8Expenditure Approval: Q4:2016
8RFQ Date: May/2019
8Release Date: Jun/2019
8Start Date: Q1:2019
8Completion Date: Q1:2021
Click here for more details Details
8Project Name: Mundra-Mithi Rohar Greenfield LPG Pipeline Project
8Project Cost: Rs 600 crore
8Project Description: Get the latest status report here.
8Project Event: RFQ for the EIA consultant is expected by June 2019.
8Expenditure Approval: Q3:2017
8RFQ Date: Jun/2019
8Release Date: Jun/2019
8Start Date: Q3:2019
8Completion Date: Q2:2022
Click here for more details
8Construction of a newRs 300 crore  LPG marketing terminal is coming up
Land acquisition is on but under dispute
Get key contact here Details
Project Name: Thermal Power Plant - FGD Addition
8Project Cost: 400 crores
8Project Description: Owner is at the bidding process for installation of a wet scrubber based FGD system.
8The process is delaying due to approval pending at the state electricity regulatory body.
8Major EPC contenders have shown their interest in the pre-bid meeting.
8Find out the contenders in the bid.
8Project Event: RFQ for the request for proposal bid is expected by June 2019.
8Expenditure Approval: Q2:2017
8RFQ Date: Jun/2019
8Release Date: Jun/2019
8Start Date: 2021
8Completion Date: 2023
Click here for more details
Project Name: Thermal Power Station - FGD Addition
8Project Cost: 600 crores
8Project Description: Bids for the WFGD system is in pipeline under R&M scheme.
8The state clearance is awaited.
8ESP is also to be upgraded for revised e-norms.
8When the RFQs are expected to come out
8Start Date: 2021
8Completion Date: 2023
Click here for more details Details
The FSRU market globally is pretty hot right now. 29 FSRUs have been commissioned, 6 are under construction, and there are 30 prospective projects
In this context, find out more on
8Where these projects are coming up
8Explore alternative financing, contracting and leasing models to make FSRU project economics work.
8Learn from successful FSRU case studies on developing customized project execution strategies depending on field characteristics, vessel requirements, project timelines, budgets and more.
8Explore the options of small-scale FSRUs and assess the feasibility of these projects in various economies and markets.
Click on Reports for more Details
A startup has claimed technology and operational “know-how” to convert heavy or sour oil into light sweet oil at an E&P site are inside a refinery
It claims to heave the following advantages:
8An increased value of  more than $25 profit per barrel
85 % less operating costs than competing processes resulting in faster project payoff.
8Environmental solution which increases the energy output of a barrel of crude oil by over 35% while reducing carbon content and decreasing CO2 emissions.
8The total market for this technology is potentially worth $150 billion dollar
8What is best is that the start-up is not only willing to provide the know-how but also arrange funding from the largest state-owned investment funding company in China.
Click on Reports for more Details
Latest data seems to show that there is going to be a glut of LNG in the market
8More than 60 MMTPA of new capacity was sanctioned in 2019
8After a slowdown post 2020, there will be a massive and unprecedented rise in new LNG hitting the market
8There might well be tightness in the liquefied natural gas market in the 2020s if new volumes are not brought online, however currently the market is highly oversupplied, with spot LNG rates at a three-year low
Click on Reports for more Details
Domestic price of gas has been pegged at $3.69 on GCV basis by the PPAC for the first half of 2019-20
8Deepwater gas price has been benchmarked to $9.32/mmbtu.
Click on Reports Details
Qatar is closing in on the option of selecting partners from a list of international companies currently bidding to join state-owned Qatar Petroleum (QP) in carrying out a 43% expansion of its already formidable liquefied natural gas capacity.
8Main EPC contracts are expected to be handed over by the end of 2019.
8The expansion will see Qatar’s LNG production top 110 million tonnes per annum in 2024, from the current level of 77 million tpa, and cement the country’s position as the world’s largest LNG exporter
Click on Reports for more Details
The battle between GSPC and Oilex over the Cambay PSC seems to be heading towards a resolution.
8Oilex is looking at a resolution of the problem before both parties head towards arbitration, which can turn out to be a long winded process
8Find out what kind of progress both parties have made in the resolution of their differences.
Click on Reports for more Details
8Should Numaligarh Refinery's product pipeline to Bangaldesh be dubbed as a captive pipeline? Click on Reports for more.
8A CGD company is looking at a three-year wet leasing contract for daughter booster compressors.Click on Reports for more.
8Financially vulnerable carriers could be pushed to sell themselves, burdened by the extra costs associated with the new low-sulfur fuel law. Click on Reports for more. Details
The price bid for the KG-DWN-98/2 FPSO has been opened
8Only bidder ended up qualifying
8Find out how much the single bidder ended up quoting.
8One thing is for sure, it is clearly the largest bid ever received for an oil & gas facility in India.
Click on Details for more Details
8Project Name: Drilling Field Development
8Project Cost: Rs 180 crore
8Project Description: Oil and Natural Gas Corporation Limited's 06 Wells development drilling programme in Baramura & Konaban area of Tripura seems to have stuck in the forest clearance as none of the 3 wells has been granted forest clearance since 2017. As of now all the scheduled and unscheduled RFQs are on stand by till the forest clearance is granted.
8Project Event: RFQ for cementing and slickline services is expected by Q3 2019
RFQ for hiring EPC contractor for associated flowlines is expected by Q4 2019
8Expenditure Approval: Q2/2017
8RFQ Date: Q3/2019
8Release Date: Q3/2019
8Start Date: Q1/2020
8Completion Date: Q4/2021
Click here for more details Details
Even as the Shapoorji Pallonji group ends up bidding the highest amount ever in India for an E&P facility for ONGC through a JV with Bhumi Armada, another arm of the Indian conglomerate, Afcons Infrastructure, seems to be at loggerheads with ONGC for two earlier contracts, where it has been accused by the E&P major of sloppy performance and poor track record in adhering to deadlines
8So much so that Afcons risks being blacklisted.
8Find out how that is so
Click on Details for more   Details
8Clarification: With regard to our story yesterday dubbed, "Triune faces ONGC's wrath," we were were pointed out that the statement mentioning that Triune's "name has been removed from the approved list of service providers for the E&P major's offshore projects" was incorrect as Triune was never in this list and instead was qualified for the projects based on its international past project experience." 
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There is always another career available for an experienced ONGC executive
8But it will invariably be as an advisor or a consultant to the E&P company or a contractor
8But here is an asset manager who resigned last month to get into an altogether different career
Click on Details for more Details
8Project Name: Kukrahati- Itinda Greenfield Natural Gas Pipeline Project
8Project Cost: Rs 210 crore
8Project Description: It is an H- Energy project linked to a 5 MMTPA FSRU LNG terminal promoted by Bengal Concessions Pvt. Ltd, an H-Energy subsidiary, at Kukrahati on the Hooghly river. The capacity of the pipeline is 18 MMSCMD. Some companies have beenshortlisted on nomination basis. Know more about them but a formal RFQ is expected by June 2019.
8Expenditure Approval: Q3:2017
8RFQ Date: Jun/2019
8Release Date: Jul/2019
8Start Date: Q3:2019
8Completion Date: Q1:2021
Click here for more details
8Business opportunity for valve suppliers
BPCL will float a tender soon for requirements in different locations
Click on Details for key contact Details
Naptha to Natural Gas Feedstock Conversion Project 
8Cost - Rs 250 crore
8Project Event: The pipeline connectivity has reached the company site. The plant has been shut from 1 April 2019 for the change of feedstock & annual maintenance, and it is likely to resume production from May 2019.
Click here for more details
NPK-TSP-GSSP Greenfield Project
8Cost - Rs 100 crore
8Project Event: The proposal for the term of references has been accepted for environmental clearance. RFQ for the EPC contractor is likely to be released in May 2019.
Click here for more details  Details
8Project Name: Greenfield Early Production System
8Project Cost: Rs 250 crore
8Project Description: Oil and Natural Gas Corporation Limited has again deferred the mechanical, electrical equipment and services RFQs for the Bhimavaram Early Production System on account of clearance related issues.
8Project Event: RFQ for hiring services for mechanical equipment installation and commissioning works is expected by June 2019
RFQ for hiring an EPC contractor for pipeline installation is expected by June 2019
8Expenditure Approval: Q2/2016.
8RFQ Date: 20/Jun/2019
8Release Date: Aug/2019
8Start Date: Q4/2019
8Completion Date: Q1/2021
Click here for more details along with key contacts Details
For reference purposes the website carries here the following tenders:
8Providing Dual Mode of Connectivity on Rental Model at 6500 Retail Outlets for a period of 5 years Details
8Electrical Works at LPG Plant Details
8Documentation Services for MES Details
8Flanges supply for LPG Pipeline Project Details
8VRU system for LPG Pipeline Project Details
8Procurement of Radar Level Instruments for raw water plant Details
8Annual Rate Contract for civil jobs in peripheral areas Details
8Procurement of Plug Valves Details
8NIT for Naphtha sales Details
8Procurement of Control Valves for Heera Process Complex Details
8Procurement of Asphaltene Dispersant for the ST Details
8Procurement of Calibration Mixtures i.e. RLNG, LLNG without C2 and LLNG with C2 Details
8Supply, Commissioning & Testing of motor driven reciprocating plunger pumps Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8BRIEF: ONGC Videsh sells May Das crude to Glencore, say sources Details
8Share market update: OMCs trade mixed; GAIL, RIL among top gainers Details
8Farmer seeks oil royalty, PSU says well has dried up Details
8BRIEF: India's H-Energy seeks 15 LNG cargoes for Q4 2019 delivery Details
8Iran says oil market supply/demand balance is fragile Details
8Core sector growth slows down to 2.1% in Feb on lower crude oil output Details
8ATF price hiked by 1%, non-subsidised LPG by Rs 5 Details
8ONGC gas output jumps 6.5 per cent to record high in FY19 Details
8Iraq's total oil exports average 3.377 mn bpd in March: Oil Ministry Details
8Saudi Aramco world's most profitable company in 2018 Details
8Noble Energy JV to build pipeline from Equatorial Guinea's offshore gas fields Details
8Iran denies gas pipeline explosion in western Iran Details
8Saudi Aramco world's most profitable company Details
8Oil rises on Iran sanctions threat, Venezuela shutdown Details
8Spot deals make up more of global LNG market as sellers get flexible Details
8L&T bags gas export pipeline contract from Kuwait Oil Company Details
8Saudi economy expands in Q4 on boost from crude; non-oil growth slows Details
8Brazil's Petrobras to bid in Israeli gas tender: Israeli minister Details
8Crude oil futures firm up 0.69% on global cues Details
You can also click on Newsclips for more   Details
8Project Name: Kochi Refinery Motor Spirit Block Upgradation Project
8Project Cost: Rs 3313 crore
8Project Description:  The project was scheduled to commissioned by February 2020 but now it is anticipated by October 2020. Further RFQs are expected soon.
8Project Event: RFQ for the installation work of the FIM reactor is expected by June 2019.
RFQ for the installation work of the FIM compressor is expected by August 2019.
8Expenditure Approval: Q2:2016
8RFQ Date: Jun/2019
8Release Date: Jun/2019
8Start Date: Q4:2016
8Completion Date: Oct:2020
Click here for more details, including key contacts Details
Project Name: Super-Critical Thermal Power Brownfield Project
8Project Cost: 10000 crores
8Project Description: The underdevelopment power complex has achieved full load.
8A WFGD tender is in the bidding process.
8BHEL has been disqualified in the technical part of the bid.
8A new auxiliary heat technology instead of Gas-Gas heater is going to be implemented in the WFGD.
8Find out who are in the race
8Start Date: 2014
8Completion Date: Q4:2019
Click here for more details
Project Name: Thermal Power Station - Installation of FGD
8Project Cost: 1000 crores
8Project Description: Tata Power is delaying the evaluation of an FGD tender.
86 contenders are in the race for the FGD bid.
8Start Date: 2021
8Completion Date: 2023
Click here for more details
A 25 MW floating solar power plant is coming up
8Find out more Details
Lower oil prices have allowed Oil Marketing Companies to push up its marketing margins on petrol and diesel
8So much so that these margins are now at super normal levels
Find out more click on Report.  Details
Domestic gas prices -- linked to prices in US, Canada, UK and Russia -- are expected to show a sharp increase in the first half of 2019-20.
8Similarly prices for deepwater gas is also expected to go up.
8Find out more on what the market is projecting.
8What difference will make to make to domestic players?
Click on Reports for more Details
BP seems to have gotten more bullish about its KG D-6 investments
8It has written back its earlier impairments, following a revision in the discount rate on new investments in these fields
8The multinational seems also very bullish on the gas margins it can earn from these fields.
8The BP-RIL duo gave capital approval in April, 2018 for the Satellite Cluster project in Block KG D6. This is the second of three projects in the Block KG D6 integrated development. The first of the projects, development of the R-Series deep-water gas fields, was sanctioned in June 2017 and is currently under development.
8The capital sanction for the MJ discovery is also expected anytime soon
Click on Reports for more   Details
After being very bullish, Cairn Energy Plc seems to have decided to write down its losses in India.
8The arbitration proceedings have been delayed. And even if there is a favourable decision, it will take a long time for Cairn, if at all, to extract the money from an obstinate Indian government.
8Business plans are now sought to be funded without taking into account the arbitration award.
8The company incurred a loss of over $1.1 billion after writing down its India losses
Click on Reports for more Details
Even if slowly, jackup rig utilization rates are going up
8And prices are firming up, globally
8Find out more on what is ahead for the jack-up rig market
Click on Reports for more Details
Using AI and new prediction tools, a new report has now suggested that local wind and solar could replace approximately 74 percent of the U.S. coal plants at immediate savings to customers in the United States.
8By 2025, this number grows to 86 percent of the coal plants.
8What about grid uncertainty? Well, that will not be a factor, according to the report, as advanced analytics and tools have made the grid much more flexible than was ever envisaged earlier.
8It will not be long before these sophisticated tools are brought to bear on the Indian electricity market, with perhaps similar results.
Click on Reports for more. Details
The latest projections put out by China effectively points to a peak oil demand by around the year 2025.
8Future demand will be powered by aviation and petrochemicals and not by the transportation sector
8The changes in China in clean energy use, transportation, chemicals & petrochemicals, reuse of plastics etc. are seemingly more dramatic than in the rest of the world
Click on Reports for more Details
OPAL has a high demand for LNG but its dual feedstock use puts it at a happy position in choosing which feedstock to use
8Find out what the company's plans are and how demand for gas will pan out
Click on Reports for more Details
8Project Name: Oil Field Development
8Project Cost: Rs 150 crore
8Project Description: Ramayana Ispat Pvt. Limited's RFQs for the hiring of an EPC contractor for Barsilla field are expected soon. Find out more on what the company's plans are.
8Project Event: RFQs for hiring an EPC contractor for pipeline installation is expected by Jun 2019.
8Expenditure Approval: Q4:2017
8RFQ Date: Jan/2019
8Release Date: Aug/2019
8Start Date: Q3/2019
8Completion Date: Q1/2021
Click here for more details for key contacts Details
8Project Name: Booster Pump Package
8Project Cost: Rs 100 crore
8Project Description: Oil and Natural Gas Corporation Limited's tendering for the Design, Supply, Installation, Commissioning, Monitoring, Optimization, and Troubleshooting for Replacement of 03 nos. Booster Pump with higher capacities at Heera Platform. is currently going on. As per the sources, 5 bidders have expressed interest in the tender. Furthermore, the bid submission date has been extended to 5th April from 19th Feb 2019. Further RFQs are expected shortly. Find out who the bidders are
8Project Event: RFP dates have been extended to 5th April 2019.
8Expenditure Approval: Q4/2018.
8RFQ Date: Jan/2019
8Release Date: Apr/2019
8Start Date: Q3/2019
8Completion Date: Q1/2020
Click here for more details Details
ONGC has done a lot of soul searching over the fact that Sapura, who had a competitive bid, decided to opt out of the race for the Cluster 7 marginal field redevelopment plan after the NOA date was shifted by a few weeks.
8Click on Details about the actions that ONGC has set in place to ensure a realignment of the NOA and bid expiry dates to ensure consistency of approach. Details
Triune Energy Services has earned ONGC's ire for lack of performance
8Its name has been removed from the approved list of service providers for the E&P major's offshore projects
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply, Installation & commissioning of Mass Flow Meters and Batch Controllers Details
8Corrigendum: Rebuilding of ARU cooling tower with FRP structure counter flow for refinery Details
8PMC-2 Services for BS-VI MS Block Project in refinery Details
8Appointment of C&F operator cum Secondary Transportation Details
8Road transportation of bulk POL products Details
8Procurement of 13 Chrome Premium Threaded Casing pipes Details
8Supply of drilling fluid lab equipment Details
8Procurement of Bracelet Rings for Anode Segments Details
8Supply of 451.35 MT of Potassium Hydroxide Details
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For reference purposes the website carries here the following Newsclips:
8Share market update: OMCs trade in the green; HPCL, BPCL among top gainers Details
8PM Modi says Northeast can develop into New India's energy hub Details
8Indian Oil Corporation to set up 150 stations for CNG supply in Bihar Details
8DGH seeks data on ONGC's top 47 fields after rejection of bid to privatise fields Details
8Corporate revenue growth in March quarter seen down on Petrochemicals, steel: CRISIL Details
8SE Asia should be aware of Iran's tactics to evade oil sanctions: US Details
8Indonesia to open up jet fuel sector; steps up heat for Pertamina Details
8Trump tries fresh approach with long-delayed Keystone XL pipeline Details
8PDPU to rope in oil companies to harness geothermal energy Details
8U.S. crude output eases from record to 11.9 mln bpd in Jan -EIA Details
8Brazil's Petrobras restricts rivals in sale of LPG gas unit Details
8Russia's Gazprom to start Baltic gas processing and liquefaction project Details
8Saudi-led group offers lowest price to build gas pipeline in Bulgaria Details
8Russia to allocate funds in 2021-2022 for an LNG terminal Details
8Neptune, BP, Japex seal investment for UK Seagull oil, gas field Details
8India raises natural gas price for April-September by about 10 per cent Details
8Russian minister to discuss ways to boost Venezuela's oil exports Details
8Oil prices push higher as supply worries drive gains Details
8COLUMN-Trump and Saudi Arabia at odds over oil prices: Kemp Details
8US welcomes India's efforts to cut oil imports from Venezuela Details
8Saudi Aramco world's biggest oil producer in 2018: Fitch Ratings Details
8Brazil's Petrobras may bid in Israel gas exploration tender -report Details
8Indonesia gas utility builds LNG terminal for East Java distribution Details
8Crude oil futures shine on positive global leads Details
8Romanian government softens bank tax, removes gas price cap for industry Details
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