LPG prices are slated to rise sharply 8And this will have wide ranging implications across the board in India 8At risk is auto LPG and industrial clusters working on LPG Click on Details for more
Details
There is volatility in the LNG market as of now 8US LNG prices are way lower than Asian prices, implying US supplies overseas is no longer economic 8Also, LNG supply is expected to reach higher levels in 2020, unless there are shut ins, with demand likely to much lower, even if there is a marginal price during the year.
Details
What are the quarter-wise price projections made for 2020 and 2021 by top analysts in the world? 8And what is the consensus price as of now? Click on Reports for more.
Details
Some surprising data is coming up from around the world 8In parts of New York the infection rate is 50%, close to herd immunity, when infection rates begin to come down 8Herd immunity theorists are now pushing this line of argument to loosen up controls 8Also, Indian demand for petroleum products seems to way lower than the global average Click on Details for more
Details
A global manufacturing giant is seeking a return of compensation previous paid to top company executives 8Unlike in India, global companies began the feel the pinch from mid-Q4 when the virus was raging in Wuhan Click on Details for more
Details
For reference purposes the website carries here the following tenders: 8Procurement of Heavy Weight Drill Pipes Details 8Appointment of Cost Auditor for FY 2020-21Details 8Replacement of existing SCADA servers & clients for CCKPL Details 8Gorge Protection Works at Rayagada LPG Plant Details 8Expression of Interest for Procurement of Sales and Customer Service Automation Software Product Details 8Annual Maintenance Contract for VFDs of CTMPL and CBPL at SRPL Manali, Asanur and Chittoor stations Details 8Supply of materials for laying of pipeline network, installation of transfer pump for Transmix tankDetails 8Maintenance of Pressure Vessels (Mounted Bullet, Horton Sphere, Nitrogen Tank and Hydrogen Bullet) under SMPV with its associated jobs at refinery Details 8Supply of Induction Heater and Bearing Fitting tool kit Details 8Hiring of manpower services for operation of disinfectant sprayers at PPMC Details 8Annual Maintenance Contract for mechanical maintenance of carousel, chain conveyor system and other allied equipments Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Oil set for positive finish to week as lockdowns eased Details 8India's fuel demand growth could return to normal by mid-May: Dharmendra Pradhan Details 8LG Chem share price falls nearly 2 per cent after deadly gas leak in India Details 8Moody's reviews India's negative rating, upgrade unlikely in near term Details 8Pradhan hints at new gas policy, says low oil prices no answer Details 8Adani Gas fourth quarter net profit increases 59 per cent to Rs 121 crore Details 8India’s LNG imports jumped 18 per cent in 2019-2020 Details 8Odisha could follow other states in hiking taxes on liquor and fuel Details 8Aviation fuel price cut 23 per cent, costs one-third of petrol, diesel Details 8Record excise duty hike unlikely to help bridge fiscal gap: Report Details 8OMC caution public against fraudulent offers through fake letters, mails Details 8GAIL says DoT's Rs 1.83 lakh cr demand notice not material eventDetails 8Work from home calls for change in culture, says Indian Oil’s head of HR Details 8Human error, negligence led to Vizag gas leak: Forensic report Details 8India's fuel consumption dips 46 per cent in April; expected to rebound in May Details 8Oil prices drop amid supply glut, fears of 2nd coronavirus wave Details 8Oil crash busted broker’s computers and inflicted big losses Details 8GLOBAL LNG: Asian spot prices recover a little on improving demand Details 8Crude oil futures rise on spot demand Details 8Falling diesel use makes US oil industry 'like the snake biting its own tail' Details 8US drillers cut oil & gas rigs to historic low: Baker Hughes Details 8Republicans urge Trump to bar banks from shunning fossil fuel loans Details 8US offers bankrupt refiner $10 million cap on biofuel obligation: filing Details 8OPINION: COVID-19 - Preparing for the new normal in Oil & Gas Details You can also click on Newsclips for moreDetails
For pre-NELP blocks, the going was good until oil prices crashed 8The cost of production was low and despite the fact that they had to pay higher lease extension charges, after their first round, long term leases were over, including higher profit sharing and mandatory bark guarantees, they were managing to make money 8But the situation is different now 8Also know more about what the petorleum ministry's reaction is from operators request relief measures. Find out what the outlook is from here on.
Details
The virus attack and the lockdown do not seem to have deterred a global CNG supplier from setting up base in India 8The company is now waiting for state government paperwork which was meant to have completed last month but is expected my May Click on Details for more
Details
8Highway retail outlet executives of Oil Marketing Companies have tales to tell of what the lockdown meant for the transportation industry Find out more
Details
Even as legacy pipeline owners struggle to get their gas prices right for the end client in the aftermath of the lockdown, alternative supply lines, using virtual networks, are active, offering gas at far cheaper rates 8Is this the moment of triumph that virtual gas supply industry was waiting for? Click on Details for more
Details
Did Mott MacDonald wind up its energy & petrochemical division in India? 8The company got back to us, find out what they have to say Click on Details for more
Details
The lockdown has been lifted in parts of India. 8Has this brought about an increase in sales of petroleum products? 8What is the refinery run rate now for the oil marketing companies? 8Does the data from the ground call for optimism or pessimism? 8Get the as-of-yesterday data here
Details
HPCL is trying hard to match high EPC bids for its 9 MMTPA Barmer refinery units against low reserve prices settled for them. 8It has been revising its base prices upwards but the exercise is fraught with problems, as even that has not been found to be enough Click on Details for more
Details
Tank full position continue to dog Indian LNG regasification plants as lockdown depresses demand 8This seems to happening in two key destinations, Hazira and Dahej. Click on Details for more
Details
For reference purposes the website carries here the following tenders: 8Contract for Manpower Services Details 8Toll Manufacturing of HPCL Bio Products for a contract period of one yearDetails 8Supply of HV package for HPCL project Details 8Providing COMCO services Details 8Supply of Ultrasonic Level Transmitters Details 8Supply of Tube Bundles Details 8Procurement of MS PlatesDetails 8Supply of Gas Detectors Details 8Supply of Mechanical Seals at refinery Details 8Supply of Penatrating Oil at refinery Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8AP Gas leak: PM convenes meeting of NDMA Details 8Vizag gas leak: Civic body tells residents to stay indoors, use wet cloth as mask Details 8Vizag gas leak situation 'under control': South Korean parent company Details 8Gas leak took place as plastic factory was being prepared for resumption of work: NDRF Details 8Congress slams PM for hiking taxes on fuel Details 8Vizag gas leak: Spread of poisonous vapours depends on wind speed, officials say Details 8ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody'sDetails 8India, Russia plan MoU on coking coal; boost crude oil trade Details 8COVID-19: IOC's Mathura Refinery organises health testing camp for contract workers Details 8HSBC alleges Zenrock sought multiple loans for same oil cargo: court document Details 8OPINION: Robust imports of major commodities show China shrugging off coronavirus hit, says Russell Details 8Saudi Arabia raises June Arab light crude price to Asia Details 8Japan's Fuji Oil books annual loss because of oil price slump Details 8U.S. investment firm Warburg Pincus explores sale of overseas energy assets Details 8In a gloomy oil market, India's pump prices echo $100-plus crude Details 8Oil marketing companies' shares trim most of sharp early losses Details 8Equinor suspends 2020 output guidance amid global oil cutbacks Details 8States ask Trump administration to pay laid off oil workers to plug abandoned wells Details 8Russia says oil demand is not seen returning to pre-crisis levels fast Details 8ANALYSIS: From zero to hero: physical oil rally might be short-lived Details 8Taxes now make up 70 per cent of fuel retail prices Details 8Gazprom pumps gas to China as planned despite contractor's work suspension Details 8Crude oil futures rise on spot demand Details 8Hit by pandemic and oil slide, Norway cuts key interest rate Details 8CVR Energy to explore converting refining units for renewable diesel production Details You can also click on Newsclips for moreDetails
Covid-19 may be a scary phenomena for many but not for L&T 8The company seems well prepared to withstand this tsunami Click on Reports for more
Details
We carry here a series of 41 articles, all written by prominent experts in their fields on the impact of COVID on the Indian economy and its various sub-sectors How will the virus impact 8Trade 8Container traffic 8Global investors 8FDI 8Exports and global value chains 8Electronic supply chain 8Engineering exports 8Trade and MSMEs 8Agricultural marketing 8Tackling uncertainty 8How to deal with China 8The new normal and India 8Economic assessment of COVID and how to minimize damage 8Economics of dealing with the lockdown and how to deal with a post-lockdown world Click on Reports for more
Details
There is nothing certain in today's world 8For a while, it looked like VLCC carrier rates will continue stay sky high because of the urgent need for floating storage 8But now, going by contango rates, three month VLCC storage rate can only be support a price of a mere $38,000/day. Click on Details for more
Details
It should have ordinarily been an easy job to load up a offshore rig vessel while at anchorage for a new contract 8But in the midst of the lockdown, when Mumbai is a red zone, it turned out to be a logistical nightmare Click on Details for more.
Details
Petronet LNG has still to work out a deal with Qatargas on how to account for all the cargoes it is turning back 8Force Majeure invocation has been rejected outright 8Find out more on the cargoes which have not been taken and how will they accounted for when books are settled 8Also how did other LNG terminals fare in April. Click on Details for more
Details
Indian oil & gas installations have begun reporting virus infections 8Two refineries and a drilling site have seen cases 8Housing complexes have also started reporting cases. 8For contractors too, it is important to now which are these zones where extra precaution will have to be taken. Click on Details for more
Details
SOPs for crew change in platforms and offshore installations have finally been institutionalized 8Everyone has been told to follow due process Click on Details for more
Details
There is now let up on the E&P work being done by RIL in the KG Basin, it seems 8This is despite the fact that they have delayed delivery of the first tranche of gas Click on Details for more.
Details
For reference purposes the website carries here the following tenders: 8Hiring of services for fabrication and installation of flow arm for wells D6 & D7 at DDW1 platform of HPHT Asset Details 8Civil jobs under Siliguri Retail RO in the state of West Bengal and SikkimDetails 8Appointment of C&F operator cum secondary transporter at BPCL lubes depot at Ernakulam Kerala for five years Details 8Annual Rate Contract for supply of Tetra System spares Details 8Supply of IBR gate valve, check valves and other fittings for fabrication of steam lines for injecting Steam in tanks and flowlines Details 82D Seismic Data Acquisition of 870 LKM covering parts of Manipur under National Seismic Program Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8UP hikes petrol price by Rs 2/L, diesel by Rs 1/L Details 8Petrol, diesel under GST unlikely in near future, say BJP, Congress leaders Details 893k Ujjwala beneficiaries in U'khand get money in their accounts for free LPG refills Details 8Covid-19 disruptions may further spike duty on petrol, diesel after Tuesday's unprecedented hike Details 8Numaligarh Refinery awards expansion project to thyssenkruppDetails 8Asia Distillates: Gasoil reels under pressure as lockdown-mode India pumps out barrels Details 8Economically anti-national: Congress slams 'draconian' govt for raising taxes on petrol, diesel Details 8Oil marketing companies' shares trim most of sharp early losses Details 8Gas leak at LG Polymers plant in Visakhapatnam kills nine, hundreds hospitalised Details 8Equinor suspends 2020 output guidance amid global oil cutbacks Details 8Hike in fuel excise to increase tax collection by $21 billion: Moody's Details 8Tax now forms 70 per cent of petrol, diesel prices Details 8Oil marketing companies shares drop up to 13 pc Details 8Crude oil futures fall on weak global cues Details 8OPINION: Oil car crash highlights Aramco investors' airbag Details 8Crude oil prices rise above $31 as lockdown easings counter supply glut Details 8Excise duty raised on petrol and diesel: What it means for you Details 8Oil gains as US inventories grow less than feared while coronavirus slashes demand Details You can also click on Newsclips for moreDetails
Coronavirus has stirred up a discount war. 8Large E&P operators such as Cairn India have begun asking for discounts even in existing water-tight compartments, and the menace seems to have spread to the main contractors who in turn are now seeking discounts down the vendor line 8All of this can lead to a dangerous downward spiral Click on Details for more
Details
The transition from high to low sulphur fuel was meant to have caused a lot of disturbance in the shipping industry. 8Refiners and shippers alike regarded the transition with unease since nearly all of the world's 3.2 million b/d of international bunker fuel consumption was accounted for by higher-sulfur (>0.5%) blends. 8Would refiners be able to produce enough very-low sulfur fuel oil (VLSFO) to meet demand? 8If so, at what cost and how would that affect shipping rates? 8And how would the incremental demand for low-sulfur hydrocarbons affect prices and differentials for the oil industry? Click on Reports to find out how the story has eventually turned out, both for shippers and refineries.
Details
Small scale LNG can be ideal for India in a situation of scattered demand centers, lack of delivery infrastructure, variable demand, short timeline for implementation, and where there are financial constraints. 8Commercially, there are two basic models for these applications: merchant model and service/tolling model. 8There is a Petronet LNG model at work 8Get a full update on how these models work and where they have been successfully implemented. Click on Reports for more
Details
The Numaligarh Refinery expansion seems to be one project where work is going on at quick pace 8After finalizing the PMC and EPCM, new bids have been opened 8One prominent licensor's bid was rejected. Click on Details for more
Details
Indian refiners are looking at jet fuel demand revival data with increasing trepidation? 8Will there be a V shaped recovery, or will be an agonizingly slow upturn? 8By when will full recovery take place? 8The answer can come as a surprise for planners, even those who have taken extreme scenarios into account Click on Details for more
Details
India is seeing a reduction of around 90,000 barrels per day of domestically supplied LPG this quarter because of refinery run cuts. 8That is forcing refiners to look for alternative suppliers to fulfill demand. 8And new supplies are coming from first time sources Click on Details for more
Details
Get a full employment survey for Indian companies subsequent to COVID-19 8By how much are salaries being cut? 8Clearly, top management is hit harder than the others. 8Were salary cuts enforced by RIL justified? Click on Details for moreDetails
Work on the Vizag refinery expansion of HPCL from 8.33 MMTPA to 15 MMTPA was in full stream, with 60% work done, when COVID-19 hit the project 8EPC contractors, including TechnipFMC and L&T are on the ground 8Find out what is going on in what is arguably one of the India's largest construction sites as of the moment 8The invocation of Force Majeure has been rejected, so what are the next steps now? Click on Details for more.
Details
Will the PNGRB be able to help small factories caught under CGD monopolies to reach out for cheaper sources of gas from outside suppliers? 8Find more in this subject in our interview with a top PNGRB official. Click on Details for more
Details
What is the actual outlook on ONGC in a post-COVID world 8ONGC incurs significant capex every year (about Rs. 30-32,000 crore) on exploration, development, and purchase of capital assets. 8Additionally, the company acquired GSPC’s KG basin asset as well as GoI’s stake in HPCL. 8Yet, the picture is not all that grim either Click on Reports for more
Details
For reference purposes the website carries here the following tenders: 8Supply of Static/ Earth discharge rod as per tender specification Details 8Supply and Installation of Pneumatic Actuators for 20” NB Plug Valves at Uran LPG TerminalDetails 8Supply and Filling of Ethyl Mercaptan in STC to Uran LPG Terminal Details 8Contract for services of supply and application of Acoustic and Thermal Insulation without SS/ GI wire mesh using fibrous material at Compressor Station Details 8Supply, Installation & Commissioning of Ultrasonic Flow Meter based gas metering system for fuel gas metering at compressor station Details 8Hiring of Consultancy services for GST compliances Details 8Procurement of pipes and pipe fittings Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India eyes Rs 25,000 crore savings from storing cheap oil in ships Details 8For RIL data is beginning to look like new oil Details 8Tamil Nadu hopes to earn Rs 2,500 cr by hiking VAT on petrol, diesel prices Details 8People pay more for fuel but OMCs on way to record-high marketing margins Details 8Govt hikes excise duty on petrol, diesel to garner Rs 1.6 lakh crore Details 8Bring petrol, diesel under GST; any hike in taxes to depress demand: ASSOCHAM Details 8Numaligarh Refinery to import 21TMT of crude oil from Petronas MalaysiaDetails 8Excise duty hike on petrol, diesel to erode oil companies' savings: Moody's Details 8Bank of China may compensate up to 20 per cent of investments in oil products Details 8Carbon emissions cuts do not mean Repsol will exit oil sector: CEO Details 8EXPLAINER-How does government have the power to curb U.S. oil output? Details 8Crude oil futures rise on positive overseas cues Details 8Oil outlook for this year and next turning brighter: UBS Details 8Asia Distillates-Gasoil cracks plunge as region stays awash with supplies Details 8Coronavirus pushes oil majors to biggest output cuts in 17 years Details 8Asian jet fuel, gasoil cracks dive to record lows Details You can also click on Newsclips for moreDetails
What is HPCL's strategy for the Motor Spirit Block and the Sulphur Recovery unit in its Barmer refinery project? 8Now that bid prices were found to be way higher than the reserve price set for these blocks, what is next? 8As orders for other blocks have already been placed, HPCL is under pressure to ensure that work on these blocks too get off the ground. Click on Details for what kind of plan is now getting finalized.
Details
ThyssenKrupp and Technip bagged two consultancy contracts for the Numaligarh refinery expansion. 8But who won the bigger deal? Click on Details for more
Details
It is already known that CNG sales are down but how is auto LPG faring? 8Find out why auto LPG may have an edge over CNG Click on Details for more
Details
One global company with big stakes in the LNG business has put together a COVID-19 plan for all of this year 8Business recovery is estimated only by Q-1, 2020 Click on Reports for more
Details
For reference purposes the website carries here the following tenders: 8Supply of Static/ Earth discharge rod as per tender specification Details 8Availing Terminalling Services at Chennai Port/ Kamaraj Port Area for White OilDetails 8Supplementary tender for Transportation of Packed LPG Cylinders by Road Ex Purnea LPG Plant Details 815KVA Power Conditioning Unit for AP, Telangana & Karnataka States Details 8Supply of Floating oil skimmers for ETP unit Details 8Hiring of contract for material handling of stores and pipepeyards of KG Basin-Rajahmundry Details 8Capital overhauling of 12.5 MW Steam Turbine Generators at refinery Details 8Dismantling existing TT calibration Tower at Vashi terminal and shifting and installation of the same along with SS Vessels 70 KL Horizontal Tank associated pipeline job TT access platform and other miscellaneous allied worksDetails 8Supply, Installation and Commissioning of level switches Details 8Supply of Ammonia Anhydrous Cylinder at refinery Details 8Comprehensive annual maintenance contract for maintenance of various type air conditioners Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8RIL: What analysts say about Silver Lake deal, rights issue, new core biz Details 8Indian state retailers' April petrol sales down 61 per cent; diesel down 57 per cent Details 8India's fuel demand shows signs of recovery, improves in April H2 Details 8Petrol sales down 61 per cent, diesel 56.5 per cent in Apr; slight pick-up in 2nd half, more expected in May Details 870 per cent decline in oil, gas demand but India able to fill its strategic reserves of petroleum products: Pradhan Details 8Tamil Nadu:Drivers urge govt to bring fuel under GST ambit, defer EMI Details 8India stockpiles low-cost oil, fills 32 million tonnes of commercial storage Details 8Indian Oil's debt mountain will diminish with fuel demand pick-up: Executive Details 8Coronavirus pushes oil majors to biggest output cuts in 17 years Details 8RIL's $7 billion rights issue a credit positive: Moody’s Details 8We are at high risk of closure: Ajay Dixit, CEO, Cairn Oil and Gas Details 8Indian Oil Corporation plan to cut debt hinges on demand revival Details 8Petrol, diesel prices see big hike in Delhi today after increase in VATDetails 8Formosa delays CDU restart, to operate at 80 per cent of capacity in May Details 8Middle East Crude: Benchmarks rise as OPEC+ pact takes effect; Malaysia sets OSPs Details 8'Like watching a train wreck': The coronavirus effect on North Dakota shale oilfields Details 8OPINION: Time to decline? Asia's crude oil imports set to drop after record April: Russell Details 8Goldman Sachs says it remains bullish on oil prices in 2021 Details 8Saudi chemical giant SABIC posts another loss Details 8Crude oil futures fall on weak global cues Details 8Time to decline? Asia's crude oil imports set to drop after record April Details 8Crude oil prices fall on US-China tensions, weak factory data Details 8Construction to start of gas pipeline from Norway to Poland Details 8World's fourth-biggest petrochemicals company, SABIC posts Q1 loss, suspends most capex Details You can also click on Newsclips for moreDetails
In the midst of the lockdown or perhaps because of it, ONGC has just put together a key reform in its procurement policy 8"It will change how ONGC works," a vendor told this website. Click on Details for more
Details
One of ONGC's key offices is under lockdown as one person was found to be COVID positive 8Disinfection work is still continuing Click on Details for more.
Details
ONGC has begun airlifting fresh crew since yesterday on to its offshore installations 8A very strict protocol has been evolved. 8Find out what kind of of SOPs have been evolved to ensure that its critical offshore platforms remain virus free
Details
8All gas buyers and suppliers are dusting up the force majeure clause in their agreements. Questions of force majeure are rarely straightforward, as the present pandemic will illustrate. 8In another unrelated issue, concerning compensation for boil-off compensation, there are questions to ponder Click on Report for more.
Details
Cairn India needs to keep its offshore blocks working in the midst of the lockdown 8It is now changing its operatng model in the blocks. 8In Ravva, it operates eight offshore platforms, along with SPM, a network of sub-sea pipelines and one onshore processing terminal with a capacity of 50,000 bopd of crude oil, 2.2 mmscmd of natural gas, 110,000 bwpd of injection water and 1.0 million barrels of crude oil storage in East Godavari District, Andhra Pradesh, India. 8In CB/OS-2, it operates three offshore platforms, sub-sea pipelines and an onshore processing terminal which processes around 20,000 bopd of crude oil, 4.3 mmscmd of natural gas in Suvali, Surat. Click on Reports for more
Details