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May 2020

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 2020-21 Details
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 tank Details
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 event Details
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 more   Details
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
What is the gas demand outlook for 2020 in India
8For the first time a realistic demand estimate has been made
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 year Details
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 Plates Details
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's Details
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 more   Details
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
A prominent oil & gas agency has decided to do all interaction via video conferencing.
8This can spark a new trend.
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 Sikkim Details
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 thyssenkrupp Details
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 more   Details
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
8Find out why 2020 may turn out to be a good instead of a bad year for an E&P operator in India
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 more
Details
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 Terminal Details
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 Malaysia Details
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 more   Details
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
8Why is the inverse relationship between higher crude price and tanker tariffs more acute now than ever before?
Click on Details 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 Oil Details
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 works Details
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 VAT Details
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 more   Details
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
8The world's most efficient ammonia plant is in India now
Click on Details for more 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
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