Even though fields are being readied for Production Sharing Contracts by ONGC, the business model is still evolving. 8"We are re-looking at the model, since the earlier concept did not find much favour with investors," a top ONGC official told this website 8Find out more on what are models ONGC is presently looking at Click on Details for more.
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DAP Expansion Project 8Cost - Rs 442 Crore 8Project Event: The purchase of long lead item and services is ongoing. and erection & installation work is on at the site. The commissioning is likely to be done by August 2020. Click here for more details SSP-Sulphuric Acid & NPK Fertilizer Expansion Project 8Cost - Rs 15 Crore 8Project Event: RFQ for a contractor is likely to be released after environmental clearance. The environmental clearance is due and it is likely to be elicited in July 2019. The RFQ for the EPC contractor is likely to July 2019. Click here for more detailsDetails
Get more details on the contracts given out by HOEC for a Mobile Offshore Production Unit (MOPU). 8Know more about the capacity and delivery schedule Click on Details for more
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Subcontracts are now being given out for the KG-DWN-98/2 CPP and LQUP contracts which was awarded to the Afcons-Sapura consortium 8A pile fabricating award has just been given out, it is learned Click here for more detailsDetails
Know more about Essar Oil and Gas Exploration and Production Ltd's shale oil development plan in the Raniganj (East) CBM block, in the Damodar Basin in West Bengal 8Get a status update 8And know more about when contracts are coming out Click here for more detailsDetails
Project Name: Haldia POL Depot Expansion Project 8Project Cost: 23 crores 8Project Description: Bharat Petroleum Corporation Limited is planning to expand the storage capacity of its Haldia POL depot from 96085 KL to 117927 KL by installing 2 new tanks of High-Speed Diesel 8917 KL each and one tank of 2900 KL for storage of Superior Kerosene Oil but work on it has been delayed as the EIA consultant categorized the project wrongly when it came to seeking environment clearance. 8Project Event: RFQ for the civil work is now expected in August-September, 2019 8Expenditure Approval: Q1:2018 8RFQ Date: Sep/2019 8Release Date: Nov/2019 8Start Date: 2019 8Completion Date:2019 Click here for more detailsDetails
Ajay Kalsi led Focus Energy is embarking on a massive expansion in Block RJ-ON/6, Rajasthan. 8It has worked out a GSPA with GAIL after a long period of negotiations 8It is working on a gas 580 km gas pipeline from its gas processing facility located at Langtala to Bhilwara 8Focus claims 1.9 tcf of reserves 8The funding of the expansion has been tricky however, and there are challenges ahead Click on Reports for more Details
PLL's Dahej terminal has high capacity utilization yet has piled up inventories 8New capacity was recently added 8The Kochi terminal had registered a capacity utilization of a mere 10% 8So what are the company's prospects going ahead, now that competition is just around the corner. Click on Reports for more
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Industrial gas major Linde seems to have been saddled with an avalanche of work these days in India. 8Every international service provider and contractor in India's downstream industry seems awfully busy but Linde is more so than the others 8Find out more on what keeps Linde busy Click on Details for more
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A wave of new business opportunities waits the Indian E&P sector with the announcement of OLAP rounds 2 and 3 just around the corner. Know more about the potential winners of these blocks 8Not just that, what is being eagerly awaited is the invitation that is going to to be sent out for a big chunk of small and medium blocks of ONGC under Production Enhancement Contracts (PECs). As many as 180 fields may eventually be offered, it is learned. Know more on when they are likely to be put on the block by ONGC. In the first phase, more than 60 fields are going to be put on auction as early as August. 8In that case, there is likely to be a big escalation in business opportunities for the sector Get full details here of what is up on both the OLPA and PEC fronts
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Project Name: Panipat Ethanol Storage Expansion Project. 8Project Description: Indian Oil Corporation Limited is planning to increase the storage capacity of ethanol from 280 KL to 6280 KL in its existing Panipat marketing complex, Haryana. Civil work is not required for the proposed project because IOCL is planning to reuse an existing SKO tank. But overall capacity will remain the same, as the SKO capacity will then go down by 6000, from 30,000 KL to 24,000 KL. RFQ for the mechanical work is delayed due to delay in grant for the environment clearance as the submitted proposal is still under the examination of the State Environment Impact Assessment Authority (SEIAA). Further RFQs are expected after granting of EC. PFR report is prepared by Eco Chem Sales & Services. Click here for more detailsDetails
There is likely to be a big rush for the 12 blocks where cash-strapped GSPC is looking to sell stakes 8Besides the public sector companies, there is a big pool of private sector companies willing to buy into these premium assets Click on Details for more
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GSPC is also looking at divesting out of the Mundra LNG terminal 8The terminal is ready for commissioning but a spat with the 25% partner, the Adani Group, has meant that the terminal has been non-operational since October. Click on Details for more
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Now that the tender has closed for six Baker Marine Class, Marathon LeTourneau or Levingston Design jack-up rigs has closed, ONGC is looking at floating another tender 8This will be a rehire job, with existing contracts expiring Click on Details for more
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The contracting process for the Rs 22,000 crore Numaligarh refinery is well underway 8The race is now on for an owner management consultant to oversee the entire construction phase Click on Details for more
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With some bitter experience in the past, is ONGC is looking at changing the business model around gas dehydration. 8One or two assets are already looking at setting up their own dehydration units. 8"Instead of depending upon others, it is better to set them up and run them using a good business model," one asset manager told this website
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8Project Name: GGS-IV Gamij 8Project Cost: Rs 97 crore. 8Project Description: Oil and Natural Gas Corporation Limited's construction project for the fourth Group Gathering Station (GGS-IV) at Gamij in Kheda District, Gujarat is on schedule and is expected to be commissioned by Q4 2019. Get details of the various contractors working on the job 8Expenditure Approval: Q2/2015 8Start Date: Q2/2018 8Completion Date: Q4/2019 Click here for more details 8Project Name: Oil Storage Tank 8Project Cost: Rs 44.64 crore 8Project Description: Oil and Natural Gas Corporation Limited has awarded the contract for the construction of crude oil storage tank near Gamij at Ahmedabad Asset in Gujarat to K L Projects Private Limited. Currently, the project is under process; mechanical and electrical works are expected to be complete by Q3 end 2019. The O&M contract will be executed by the company itself. 8Expenditure Approval: Q1:2018 8Start Date: Q4/2018 8Completion Date: Q4/2019 Click here for more detailsDetails
For reference purposes the website carries here the following tenders: 8Hiring of Workover Rig Services in Operatorship Block Details 8Hiring of Mobile Air Compressor Services Details 8In House Pressure Testing and Painting of LPG Cylinders at LPG Bottling Plant Details 8Overhauling, Retubing and Testing of Ejector Condenser Coolers Details 8Supply, Installation & Commissioning of Mobile Welding Fume ExtractorDetails 8PA System and PBX for Hassan, Gulbarga & Rajahmundry Terminal Details 8Refilling of Calibration Gas Cylinders Details 8Repair of Coating Defects along JLPL and its Spur Lines Details 8Laying and Construction of Underground Steel PipelinesDetails 8Procurement of CNG Cascades Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Govt wants ONGC to sell 2 of its fairways in Ahmedabad and Vadodara Details 8Proposal to amend fuel marketing guidelines a little late?Details 8Poland's PGNiG to buy more LNG from US company Venture Global Details 8Kazakhstan backs global oil pact extension: MinisterDetails 8EU gas investment undermines bloc's climate goals: analysis Details 8TC Energy completes US-Mexico Sur de Texas natgas pipeline Details 8Israel Electric to buy about $700 mn in natgas from Leviathan Details 8US accuses North Korea of breaching UN fuel cap Details 8Canada govt rejects effort to ease review of major energy and transport projects Details 8Indonesia starts testing 30% biodiesel in cars amid push to boost palm oil consumptionDetails 8Petrobras ignored warnings about fuel broker implicated in graft probe Details 8G20 to tackle ocean plastic waste as petrochemical producers expand in Asia Details 8Petrobras revises timing of price adjustments for diesel and gasoline Details 8OPEC cuts 2019 oil demand growth forecast, sees more downside risk Details 8Trump considering sanctions over Russia's Nord Stream 2 natgas pipeline Details 8Argentine president says Vaca Muerta gas pipeline tender to be launched in July Details You can also click on Newsclips for moreDetails
8Project Name: Oil Field Development 8Project Cost: Rs 240 crore 8Project Description: Oil and Natural Gas Corporation Limited's 12 well development drilling programme in the North East has finally received the nod from the EC committee and the project is expected to start soon. In the meanwhile, the rig mobilization and slick line services tender are under processing and will be awarded this month. 8Project Event:RFQ for the hiring mobile ETP is expected by July end 2019. 8Expenditure Approval: Q4/2014 8RFQ Date: 22/Jul/2019. 8Release Date: Sep/2019. 8Start Date: Q3/2019 8Completion Date: Dec/2021 Click here for more detailsDetails
8Indian rig count declined by 2 to reach 121 in April 2019. On Y-O-Y basis, Indian rig count was up by 8.03 % in 2019 as compared to 2018. 100 drilling rigs were deployed in oil fields and the rest 21 drillings rigs were deployed in gas fields. Click on Reports for more. 8India is expected to boost the ratio of butane in its LPG import mix to leverage the product's lower prices against propane and as more mid-sized gas carriers instead of very large gas carriers are used to avoid congestion at its ports. Click on Reports for more. 8India's proved hydrocarbon reserves have declined over the past 10 years despite strenuous efforts put in by the government to the contrary. Click on Reports for more.
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With support from ONGC, Emerson is conducting a meet on Seismic Data Processing, Imaging and Interpretation 8The company will unveil its updated seismic data product Paradigm 18, going on to Paradigm 19, along with a future roadmap. Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Hiring of Services for Statutory Inspection Testing Calibration and Certification of 02 nos Bullets Details 8Supply of Steel Plates to ROs under Rajasthan and Gujarat Details 8Pre-fabricated Canopies at GSRTC Consumer Pumps Details 8H.P. Separator and L.P. Separator of HCU-2 to be opened, cleaned and offered for inspection and OA as per shutdown job list during 2019 Shutdown Details 8Procurement of NRV on ARC basis for all india requirementDetails 8Hiring of services for laying of welded flow lines of various sizes for transportation of gas, oil, water & steam Details 8Hiring of services for local transportation and material handling on imported cargo received from overseas suppliers Details 8Supply of casing pipes Details 8Procurement of Guided Wave level Transmitters for Neelam PlatformDetails 8Procurement of Substitutes and Crossovers for Drilling Services Details 8Design and Commissioning of Gas Metering Skids Details 8Job Contract for three Unskilled manpower for a period of three years Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Indian Oil issues tender for short-term lease of LNG storage tank Details 8Budget may halve oil cess to boost production: SourcesDetails 8Crude oil futures fall on weak global cues Details 8U.S. natgas output, demand seen rising to record highs in 2019 -EIA Details 8PBF Energy to buy Shell's Martinez, California oil refinery for up to $1 blnDetails 8Alberta govt in talks about offloading crude-by-rail contracts Details 8Shell to invest at least $397 mn in Mexican deepwater oil projects Details 8Occidental enters four oil blocks in southern Colombia Details 8Russia plans to raise mineral extraction tax for oil firms from Sept Details 8Green groups sue Trump administration for gutting offshore oil safety rules Details 8Poland's PKN says working out losses due to tainted Russian oil Details 8Enel close to renewing gas import contract with Algeria - sourcesDetails 8Suspects in tainted oil case are employees of Russia's Transneft Details 8OPEC nears deal to keep production curbs in place: UAE energy minister Details 8BP raises Saudi oil reserves 12% in first big change in 30 yearsDetails 8IMO 2020 will have $1 trillion impact on global economy over five years: Calvin Lee, Platts Details 8Iran scrambles to lift petrochemical sales as sanctions hammer oilDetails 8Russia's oil output rises to 11.04 million bpd on June 1-10: Sources Details 8German mineral oil lobby says expects Druzhba shipments within days Details 8US oil output to rise less in 2019 than previously expected Details 8Nigeria's Pelfaco signs oil production sharing deal with Congo RepublicDetails 8Oil steadies after big plunge on high inventories, lower demand forecasts Details 8Saudi Aramco reports 2018 net income of $111.1 billionDetails 8Petronet in a bind with capacity expansion and lower offtake Details You can also click on Newsclips for moreDetails
Naphtha to Natural Gas Feedstock Conversion Project 8Cost - Rs 250 crore 8Project Event:The gas pipeline has reached to the company site. The plant has been shut from 1 April 2019 for the change of feedstock & annual maintenance, the erection & installation work is almost done. The plant is likely to run on gas from 22 June 2019. Click here for more details Ammonium Nitrate and Nitric Acid Greenfield Project 8Cost - Rs 1375 crore 8Project Event: The project is under pre-feasibility study of PDIL. The RFQ for the EPC contractor is likely to be released in August 2019. Click here for more details Links can only be opened from our sister site, www.indianfertilizer.comDetails
A new capital project -- with a cost range of around Rs 5000 crore -- is coming up in Mumbai High. 8It involves the use of 22 producer wells, one process platform and four wellhead platforms 8The total incremental production of gas is pegged at 4.5 mmscmd. 8This is over and above the Rs 7000 crore Mumbai High Phase IV North and South Redevelopment Plan Click on Details for more
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Even though letters of commitment have been approved for the 5 MMTPA LNG terminal promoted by HPCL in collaboration with Shapoorji-Pallonji Group, and internal review of the cost-economics of the terminal is still being carried out by one of the partners, it is learned. 8The contractors have been told to wait an outcome from the review before beginning work on the terminal Click on Details for more
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The tender for ONGC jackup rigs has closed 8The number of rigs offered under the tender was lower than anticipated 8Will the rig rate be higher this time around? ONGC so far pays the lowest jackup rig rates in the world Find out more about how many rigs were offered and by whom
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It is learned from well-placed sources that the legal opinion from Solicitor General of India on the alleged violation of ONGC;s Integrity Pact by Jagson International while submitting two rigs against a jackup tender has reached ONGC 8The Jagson bid was canceled after it was found that while it quoted directly in the tender with a rig, it also extended its financial and technical support to another company quoting against the same tender Click on Details for more
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8Project Name: Exploratory Drilling 8Project Cost: Rs 710 crore. 8Project Description: Oil India Ltd's exploratory 18 well drilling programme in the KG-ONN-2004/1 onland block in East Godavari District Andhra Pradesh is going on smoothly and is expected to finish by Q-3 next year. There is a Phase-2 plan now coming up, and a multinational service provider has been appointed as the consultant. Click here for more detailsDetails
8Project Name: Oil Field Development 8Project Description: Bharat PetroResources Limited's 10 development wells drilling campaign in CB-ONN-2010/8 block in Cambay Basin is on schedule. As per the sources, the company along with its project management consultant has already prepared a layout plan as well the designing of the field and setting up of procurement support services. In the meanwhile, the company along with its EIA consultant ABC Technolabs has already applied for the environment clearance last month. RFQs will be out once the project receives a green signal from the environment clearance committee. Click here for more detailsDetails
Project Name: Cherlapally ATF Terminal Expansion Project 8Project Description: Bharat Petroleum Corporation Limited is planning to expand its Aviation Turbine Fuel (ATF) terminal from 49580 KL to 53380 KL by installing a new storage tank of 3800 KL in its existing Cherlapally terminal. Project however is getting delayed because as environmental clearance is held up. 8Project Event: RFQs are expected in the Q4/2019. 8Expenditure Approval: Q2:2018 8RFQ Date: Q4:2019 8Release Date:Q1:2020 8Start Date: 2019 8Completion Date:2020 Click here for more detailsDetails
One big market that CGD entities can tap is the industrial market, where gas can substitute fuel oil 8But here the outlook is not so bright as of now: industrial consumption of CGD supplied gas is not rising but falling in some geographical areas with established players 8Post IMO 2020, the price of fuel oil is expected to fall, further queering the pitch for industrial sale of gas. 8Gas prices are currently low but offtake of gas has not taken off in this segment because competing fuels are also well priced. 8For the use of gas to proliferate in the industrial segment, it has to be done through administrative orders, as has been done in Morbi and the NCR region 8But, as one gas supplier said, that activity is more activist driven than a result of any coordinated action against environmental damage. Click on Reports for more
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And if you believe that everyone will welcome piped natural gas (PNG), the answer is 'no'. 8PNG volumes do not necessarily rise all the time 8PNG is up against LPG, and the cost-economics are not all that simple 8Subsidized LPG is cheaper than PNG so there is no least cost advantage for PNG Click on Reports for more
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There is a huge rush to wrestle CGD licences in India but the cost-economics continue to remain a little fuzzy. 8If petrol and diesel prices were to soften and CNG prices were to harden, then the economics of using a CNG vehicle will disappear. 8The website carries here a calculation to show how running a CNG vehicle still remains profitable but savings are narrower now and the payback period is higher. 8If the cost of queuing up for longer at CNG filling stations is taken into account, the savings will get further squeezed. 8There is also the looming threat of electric vehicles on the horizon, which will eventually wipe out the CNG business model. 8Then again, the introduction of BS-VI fuel and new tech internal combustion engines will bridge the environment advantage of a CNG fired vessel. 8And what if the government re-prioritizes the allocation of subsidized gas to fertilizers or power as was the case in the past? Click on Reports for more
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For reference purposes, the website also carries here the following bits of data: 8Source wise breakup of additional gas production over the next two years 8Company wise breakup of additional gas production 8Deepwater gas production as percentage of total gas production Click on Reports for more
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Capital approval has finally been given for the MJ discovery by the RIL-BP duo 8Funds will now flow for orders already given 8The total new investment by BP-RIL in the ‘R-Series’ deep-water gas field, the Satellite Cluster and the MJ-1 discovery totals up to a staggering Rs 35,000 crore 8First gas is now expected in mid-2020, eventually, the three developments will supply 10% of India's projected gas demand Click on Reports for more
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The PNGRB has come with an escrow account mechanism under the common carrier concept for gas pipelines 8All imbalance and overrun charges will have to be deposited by the transporter into the account to be adjusted subsequently 8These sums will then be raised from the shipper Click on Reports for more
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ONGC has begun development work in the controversial Deendayal discovery in the block KG-OSN-2001/3 in right earnest. 8The block is in a geographically treacherous area, with high pressure and high temperatures 8The lookout is for multi-support vessels and premium casing pipes from a band of shortlisted suppliers Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Provisioning and commissioning of Replication Point to Point Network Link connectivity Details 8Supply of Tubing with Accessories Details 8Supply, Installation and Commissioning of Electric Motors Details 8Rebuilding of ARU Cooling Tower with FRP Structure Counter Flow Details 8Supply of Electric Forklift for Propylene Derivative Petrochemical Project in refineryDetails 8Job of Supply and Installation of Transformer Oil Manufacturing Unit Details 8EOI for charter hire of safety/ multi support vessel on regular monthly basis for a period of 3 years Details 8Providing civil works at AKAF drill site Details 8Procurement of Manila Rope Details 8Procurement of New Teed (Topman Emergency Escape Device) Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Gail moves appellate court to challenge Alok Industries resolution plan Details 8Budget to hike Ujjwala bar towards 100% household LPG coverageDetails 8Biotech student pushes the use of bio-waste to create green fuelDetails 8Petronet expands Dahej import terminal capacityDetails 8Reliance, BP to develop third gas project in IndiaDetails 8PetroChina companies hold gas auctions on Chongqing exchange Details 8Trafigura profit leaps as oil and gas trading offsets losses at associates Details 8Russia's Druzhba pipeline to resume normal oil supplies in 2-3 months Details 8First LNG from Sempra Energy's Louisiana Cameron terminal heads to France Details 8Energy group Total starts up production of North Sea's Culzean fieldDetails 8Japan's METI sells Kuwaiti Khafji crude from reserves Details 8Suspects in tainted oil case are employees of Russia's Transneft Details 8Russia yet to make final decision on tainted oil compensation Details 8Australia's Queensland state hikes gas royalty rate to 12.5% Details 8Asia set to power growth of global gas industry: IEADetails 8Compensation for tainted Russian oil to be decided company by company Details 8China utility Guangdong Energy Group seeks more spot LNG cargoes Details 8Shell ships long-awaited first LNG cargo from Australia's Prelude Details 8Australia's Woodside extends Pluto LNG maintenance after restart issues Details 8Erratic weather boosts energy demand, denting climate goals -BPDetails 8Oil falls on weaker oil demand growth, surprise rise in U.S. crude stocks Details 8COLUMN-Hedge funds sell oil as economic fears intensify: Kemp Details 8U.S. natgas output, demand seen rising to record highs in 2019 -EIA Details You can also click on Newsclips for moreDetails
If you are an entrepreneur with an oil & gas licence, you can get the best help you want in the world. 8The big three service providers -- Baker Hughes, Halliburton, Schlumberger -- are willing to not just provide you a full-service deal but, if they are convinced, they can also arrange for funding at reasonable interest rates against equipment supplied. 8While many believe that these multinationals will charge more, for an entrepreneur, the ultimate cost will come down as they will be able to bring down the burn rate before revenues begin to come in. 8Know more on what they have to offer, and which companies have benefitted Click on Details for more
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Ammonium Sulphate Expansion Project 8Cost - Rs 9 Crore 8Project Event: The proposal for environmental clearance has been accepted in March 2019. RFQ for the EPC contractor is likely to be released at the end of June 2019. Click here for more details SSP Fertilizer Greenfield Project 8Cost - Rs 90 Crore 8Project Event: The hiring for LSTK contractor has been canceled and the project is under review. Click here for more details Access available only through www.indianfertilizer.comDetails
Find out more about what Prize Petroleum Company Limited is up to with block AA/ONDSF/ HILARA/2016 had been awarded to the company under the Discovered Small Fields Round in 2016. 8It is at currently at a planning stage 8The company has kept an outlay of Rs 400 crore 8Know more about when RFQs can be expected Click on Details for moreDetails
The KG-DWN-98/2 SPS and SURF work seems to be progressing as per schedule 8The deadlines are strict and the winner consortium is working hard to meet them 8ONGC last month approved a bunch of purchase orders Click here for more detailsDetails
The demand for bringing natural gas into the GST regime has been a longstanding demand of the Indian gas industry. 8At the heart of the problem is the loss of revenue for the states. 8Find out more on how the industry is now claiming that there will eventually be a revenue gain rather than a loss if GST is introduced Click on Reports for more
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Find out more on the following issues connected with the E&P industry 8Why is service tax still being demanded on cost petroleum and cash calls? 8Should sale and purchase of participating interests be subject to GST? 8Should essentiality certificates be issued by the DGH so that E&P operators can get excise duty relief on the purchase of diesel for their field operations? 8Should upstream E&P consortiums be dubbed as an Association of Persons under the Income Tax Act, or should they be exempted? 8Should DGH do away with certification that a piece of E&P equipment has become obsolete before it can be sold as scrap? Click on Reports for more
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8As we enter into the second half of the year, the tanker market is rife with buy-sell deals. Find out more on reported tanker sales recently. Click on Reports for more. 8Also, find out all the energy saving projects that HPCL has implemented or planning to implement Click on Reports for more.
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Land acquisition is on for a Rs 370 crore Common User Facility terminal is currently on 8Tendering work will start only after the land acquisition has been completed Click on Details for moreDetails
OPaL is expected to soon commission its 99 km naptha pipeline from ONGC's Hazira process facility to the OPaL's Dahej petrochemical complex. The pipeline will go via Ankleshwar 8The 12.74 km pipeline with a capacity of 1547 KTPA consists of a dispatch terminal at Hazira and a receipt terminal at OpaL along with four sectionalizing valve stations enroute 8The pipeline is expected to be commissioned in June 8Find out how the commissioning of the pipeline will translate into a loss of business for RIL Click on Details for more
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A big company with significant gas buying and utilization record is looking for a CEO to run its CGD business 8The company pays very well 8A host of other vacancies are also there, including vice presidents and general managers
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The KG-DWN-98/2 onshore terminal contract was awarded to Tata Projects Ltd for Rs 1152 crore 8The contract was awarded on a Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) basis Find out what is the latest update on the projectDetails