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May 2020

On of the largest producers of LNG has the following to say:
8LNG prices completely decoupled from crude oil prices as a result of increased spot trading and short-term contracts, where the oil price linkage is minimal or non-existent.
8We believe the floor in LNG imports was achieved and we do not believe LNG demand to decrease further.
 Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Supervisory services for complete inspection and overhauling of coke cutting system Details
8Contract for operation of Mobile oil Spill Recovery Unit or Gully Sucker at refinery Details
8Civil Works Related to Up-Gradation of Infrastructure, Reliability and Development in refinery Details
8Construction of HDPE line RCC facility for bio-remediation of Oily sludge at refinery Details
8Procurement of hot tapping cum Drilling Machine Hydraulic Power driven with option for manual operation Details
8Procurement of Electronic Pig Transmitter and Receiver Details
8RVI at Retail Outlets under South Central Zone Details
8Supply, Installation and Commissioning of HVAC Systems for HCPL Project Details
8Production and Supply of Compressed Bio Gas to Oil Marketing Companies across India Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8COVID-9: No petrol, ration in Goa to those not wearing masks Details
8Lockdown cuts petrol sales by 61 per cent, diesel by 56 per cent in April; LPG up 12 per cent Details
8Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target Details
8Covid 19 impact: CGD firms concerned over Force Majeure, demand destruction and labour shortage Details
8India's oil imports, product exports slow down in March Details
8Non-subsidised cooking gas price cut by a record Rs 162.50 per cylinder Details
8India’s April oil demand expected to fall 50 per cent, 2020 oil demand to fall 7 per cent: WoodMac Details
84,000 free LPG refills distributed under Ujjwala scheme in J&K's Doda Details
8ONGC's offshore 'chingaris' soldier on for record 45 days Details
8Reliance to produce new gas from D6 by end June; to cost $2.2/unit at current oil prices Details
8State oil companies take the CP route to raise Rs 12,500 crore Details
8Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Industries arm Details
8Transition to low-carbon energy may accelerate after crisis: Shell Details
8Oman plans about 30 per cent cut in July crude allocations Details
8Exxon, Chevron slam brakes on shale as oil demand tumbles Details
8Goldman 'patiently bullish' on oil as fundamentals improve Details
8OPINION: Oil futures markets need more transparency: Kemp Details
8Get ready for hefty cut in fuel prices as lockdown curbs ease gradually Details
8Russian oil output jumped to 11.35 mln bpd in April, ahead of cuts Details
8Low global oil prices help govt to end subsidy on cooking gas Details
8Oil-hungry Asian nations pounce on low prices to build stockpiles Details
8Aviation fuel price cut 23 per cent, costs one-third of petrol, diesel Details
8Saudi must reduce expenditures to ease COVID-19 economic impact: Minister Details
8LNG tankers build up around virus-hit Europe as crisis abates in Asia Details
8HC denies interim intervention in plea over negative oil price Details
You can also click on Newsclips for more   Details
Is EIL getting overwhelmed by nimble footed competitors?
8The public sector engineering giant has vast resources at its disposal but is it running in the wrong direction?
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HPCL's Rs 43,000 crore Barmer refinery seems to be running into serious viability issues
8A bid that was opened last week for a refinery units witnessed the L-1 price to be a whopping 50% above the reserve price
8"The cost economics of the project has gone haywire," an HPCL refinery official told this website
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8There is  revolt brewing among small industrial gas buyers in India
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COVID-19 will surely require the CGD licencees to be given relief
8The PNGRB will have to defer project implementation deadline but for how long?
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GAIL has been trying every trick in the book to get more of its gas sold domestically
8There were at least a couple of cargoes of LNG which GAIL coaxed buyers to take instead of from other suppliers
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For reference purposes the website carries here the following tenders:
8Supply of LOTO Lock and Key Board for LOTO Implementation Details
8Supply of Flow Control Valve with Electro-Hydraulic Actuator Details
8Supply of Ethylene Storage Bullets for Polyols Petrochemicals Project Details
8Supply, Installation and Commissioning of Electrohydraulic Actuator for existing Flow Control Valves Details
8Creation of Experience Centre Details
8Supply of Solenoid Valves at refinery Details
8Supply of Mechanical Seals at refinery Details
8Supply of Centrifugal Pump for NG firing facility creation in GTs at Refinery Details
8EOI from CBG or CNG or LNG equipment manufacturers and suppliers Details
8Procurement of high selectivity catalyst for MEG unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India set to take a Rs 40,000 crore blow on account of oil revenue loss Details
8S&P affirms BBB+ rating of RIL on disciplined spending, resilient earnings Details
8Reliance cuts pay of executives in oil-and-gas division: sources Details
8RIL fourth quarter net profit declines 37 per cent to Rs 6,546 crore Details
8Low prices soothe India’s oil and gas import bill in 2019-2020 Details
8RIL-Aramco deal on track, due diligence by Saudi co continuing Details
8COVID-19 to cause record emissions fall in 2020: IEA Details
8Shell cuts dividend for first time since World War Two Details
8Global energy demand to fall 6 per cent in 2020, largest drop in 70 years: IEA Details
8Qatar Petroleum plans job and cost cuts amid market downturn: sources Details
8Oil sellers add new 'zero price' clause in contracts in Asia Details
8Special Report: Trump told Saudis: Cut oil supply or lose US military support: sources Details
8OPEC April oil output surges to 13-month high before new cut deal Details
8US could store another 'several hundred million' barrels of oil: Mnuchin Details
8US crude output rises in February, Texas production eases: EIA Details
8CCI okays RIL-BP joint venture in retail fuel business Details
You can also click on Newsclips for more   Details
At a current average Brent prices, the cost of factory-gate price of term US LNG, ferried in mostly by GAIL into India, is already at a very high level.
8Will the situation get better going ahead, in the later part of 2020 or even in 2021?
8Quite a few Indian buyers had entered into deals for US LNG when crude prices were high, so for them this arithmetic becomes very important
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How long will low global LNG prices stay?
8Longer than just the current period, it seems.
8June JKM prices are pegged at $2/mmbtu, and the implied slope to Brent is 8.9%
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Cairn India sets tough terms for tenders after COVID-19
8Vendors reject them
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Depending upon geography, there is a difference in how individual CGD entities are taking the brunt of the COVID-19 epidemic.
8Across the board, CNG offtake has taken a huge hit
8It is in the industrial and commercial segments where it is playing out differently for some entities
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