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Jun 2020

There are five Indian banks in the global top 200 banks
8Two of them now have a negative rating
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A John Energy rig was involved in the Oil India Ltd blowout at Baghjan in Assam
8But other rig operators are in trouble too
Find out more Details
The Ennore terminal of IOC does not get too many LNG cargoes.
8As of now only one is scheduled, and that too in July, according to latest reports
8IOC has brokered the deal from the US
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Ammonia-Urea Expansion Project
8Cost - Rs 150 crore
8Project Event: The project has elicited the environmental clearance in Jan 2020, but they are waiting for gas connectivity to Plant. Work has resumed on the Ennore-Tuticorin pipeline. RFQ for the EPC contractor is likely to be released in August 2020.
Click here for more details
 Phosphoric acid Expansion Project  
8Cost - Rs 500 crore
8Project Event: The procurement work is on hold due to lockdown, and construction is likely to be starr at the end of August 2020. The plant is based on the di-hydrate technology from Prayon Technologies of Belgium. ThyssenKrupp Industrial Solutions will provide engineering and technical procurement services which will cover the plant's reaction unit, filtration unit, dry rock grinding section and an additional cooling tower cell. The project is planned to be completed within a period of 22 months from the effective date of the contract.
Click here for more details
(Available through www.indianfertilizer.com) Details
This is a Rs 5000 crore petrochemical project where the contracting process has been stymied by COVID as well as other more pressing factors.
8But both the PMC and EPC have been decided
8Find out what is next.
Click here for more details Details
8After initial resistance, oil companies are providing more leeway to vendors in the aftermath of COVID-19
8Find out what is the ground situation is in active oil & gas sites. Details
Indian Oil Corporation is the country's largest refiner.
8But the top brass seems to be losing its credibility in terms of what it wants to do going ahead.
8One-and-a-half years after opening bids and seeking bid validity extensions, the company decides to cancel the bids, much to the consternation of the bidders.
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This is one refinery where top officials claim a decision will be taken "very shortly" on its petrochemical tender.
8Capital approval will follow soon after the winners are shotlisted
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Energy Saving-cum- Ammonia-Urea Expansion Project   
8Cost - Rs 540 crore
8Project Event: Critical equipment purchase is still ongoing, the maximum long lead items has reached the site in December 2019, few types of equipment like Drum and vessel have not reached the site, The construction was likely to be start in May 2020, but due to lockdown, it is likely to be start at the end of July 2020. The project is likely to be commissioned in July 2021 in place of April 2020.
Click here for more details
(Available through www.indianfertilizer.com) Details
Ammonia-Urea Greenfield Project
8Cost - Rs 1517 crore
8Project Event: The project is in initial stage, The feasibility study/DPR is on hold, The company said that firstly they will do the Phos acid expansion project, but the hiring of contractor for the Ammonia-Urea project is likely to completed  in 2021. RFQ for the PMC for the project will however be released in September 2020..
Click here for more details
(Available through www.indianfertilizer.com) Details
8Cairn India is looking for fresh integrated drilling development contractors
8But this time around, even if the big three contractors -- Schlumberger, Halliburton or Baker Hughes -- decide to participate, it will on entirely different terms
Click on Details for more. Details
Lack of labour is emerging as a key variable in the performance of EPC companies
8Order pipeline is down, and bottomlines are impacted
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How gas demand is going to evolve in the aftermath of COVID is still to be assessed.
8The impact of lower demand is not (yet) fully visible in supply indicators
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8The cost differentials between US LNG and spot LNG prices are showing up in berthing data coming out from LNG terminals in India
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In today's environment, auto LPG should have had a boom time
8The price differential with petrol is almost at 50%
8But why the outlook still gloomy, and this points to an endemic problem that policy makers are still to grapple with
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COVID cases are mushrooming in public sector company premises and government offices
8Everyday one or the other company offices or ministry premises are reporting COVID cases, leading to temporary sealing and disinfection
8But this is likely to change, click on Details for more   Details
ONGC has made some sweeping changes in the manner in which it will acquire goods and services right now.
8The company will stamp out some items from the purchase list.
8The company reiterated that it will seek lower prices from vendors in the aftermath of COVID-19.
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For reference purposes the website carries here the following tenders:
8AMC for operation and electrical maintenance of PMCC, DG set, FPH, ACH at Bottling Plant Details
8Procurement of TSV as per tender specification at refinery Details
8Supply and Installation of Electronic flow meters Details
8Supply of Journal Bearing and parts Details
8ARC for repairing and rewinding of Submersible Pump Motors Details
8Capital Overhauling of Steam Turbines at refinery Details
8Maintenance & Handling of Millennium Grand Outlet Details
8Corrigendum: Sale of various used/ scrapped material of refinery Details
8Impact assessment on CSR projects Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol price hiked by 54 paise per litre, diesel by 58 paise Details
8Petrol, diesel prices rise nearly Rs 3/ltr in 5 days Details
8CIL’s notified prices for coking coal to guide market: Analysts Details
8LNG recovery in Asia depends on China, India policies Details
8Fire in gas well periphery doused;experts from US, Canada to join efforts to control remaining blaze Details
8Assam CM Sarbananda Sonowal orders probe into oil well explosion Details
8Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan Details
8ONGC likely to cut capex by 15% as pandemic delays projects Details
8Assam oil well fire: OIL loses 467 MT crude oil due to blockades by local bodies Details
8Fuel price hike upsets Covid-hit home budget Details
8Petroleum Ministry constitutes high-level committee to inquire Baghjan oil well fire Details
8Petrol hiked by 57 paise per litre, diesel by 59 paise in sixth increase in a row Details
8Oil extends slump as prospect of second viral wave in US ends rally Details
8Global gas demand on course for biggest annual fall on record: IEA Details
8Crude oil prices hit by record US crude inventories, bearish Fed Details
8Exxon set to revive North Sea sale after months of delays: sources Details
8Living near oil and gas wells may up preterm birth risk: Study Details
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It is a Rs 20,000 crore refinery tender.
8And some LOIs have been given and work has begun, and submission of designs and technology are coming up ahead.
8Yet critical capital sanctions are not in place, and there is a fair amount of uncertainty ahead, and some EPC contractors are saying that they may not be able to paricipate if a particular "strategic" investor is selected.
8Project promoters have exuded a lackadaisical attitude, that has to change
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8This is a Rs 700 crore LPG pipeline
8There has been a setback due to COVID
8But as of now tender preparation work is going on
8RFQs are expected in August now
Click here for more details Details
It is one of the most exhaustive analysis yet of the offshore vessel market in the aftermath of COVID-19
8How bad is it going to get?
8Find out what is in store for the industry
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A carbon tax may come about in Delhi
8What is the logic for such a tax?
8Find out more, click on Reports Details
NPK Fertilizer Greenfield Project
8Cost - Rs 1517 crore
8Project Event: The JV is planning to re-release the RFQ for the LSTK contractor, RFQ for the LSTK contractor is likely to be released in August 2020 in place of May 2020 due to effect of lockdown. The company is also planning to set up this project by shedding its earlier partner and changing its location.
Click here for more details
Phosphoric acid Expansion Project
8Cost - Rs 130 crore
8Project Event: The purchase of a long lead item is on hold. The proposal for the environmental clearance has been elicited in May 2018, but a contractor is not being appointed, and the company has decided to do the project through its existing engineering team. Construction is likely to be start in August 2020, due to lock-down impact.
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(Available only through www.indianfertilizer.com) Details
Offshore wind is picking up speed
8China of course is the big daddy in Asia
8And Indian offshore E&P service providers are in a good position to catch this wind
8Click on Reports for more Details
IOC's Ennore evacuation network is far from being in place
8Going up to full LNG capacity at Ennore is still a long time away
Find out why Details
One of the largest engineering and EPC consultancies in the world is trying to undergo a massive transition, using the COVID-19 as a trigger
8Find out what it is trying to do
8Are there lessons for others here?
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What happens if you were to want to return a DSF Round field?
8Well, the DGH will not accept it, it seems
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Here is another example of work to begin in a private E&P field soon after the lockdown conditions are over
8Production is currently on from 4 wells and three more wells are under connection. There is a proposal for six more wells to be drilled. A 1000 HP drilling rig has been identified as also the material requirement for the drilling expedition.
Click here for more details Details
For reference purposes the website carries here the following tenders:
8Supply of LTCS Heat Exchangers Details
8Supply of Smart Transmitter at refinery Details
8Procurement of Double Block Bleed Valves Details
8Supply of Compressor Spares Details
8Supply of Stainless Steel Fittings Details
8AMC for BioMetric devices and ID Card printers with onsite engineers as per tender Details
8Providing Consultancy Services for the Maintenance of Integrated Management System Details
8Supply of MS top Rail Vapor Recovery Arms Details
8Civil works at drill site LKBI in Lakwa area Details
8Supply of Sodium Hypochlorite Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8ONGC sells August-loading Russian Sokol crude at higher premium: Sources Details
8HPCL delays $3 billion Vizag refinery expansion: Source Details
8IOC aims to operate refineries at 90 per cent capacity in June Details
8PM assures help to victims of Baghjan oil well fire tragedy in Assam Details
8IOC raises refinery output to over 80 per cent as fuel demand rises Details
8People evacuated from zones near Baghjan fire area: Assam CM Details
8Dharmendra Pradhan holds review meeting over fire in gas producing well in Assam Details
82 Oil India officials suspended in connection with Assam gas well blowout Details
8Oil India forms four teams to deal with Tinsukia oil well fire Details
8India's fuel demand nearly doubles in May as lockdowns ease Details
8Crude oil futures rise on spot demand Details
8Petrol and diesel price hikes turn marketing margin positive for OMCs Details
8Global economic recovery is just what oil markets needed; WTI may hit $42 Details
8Why rising fuel prices is good news for states Details
8Oil prices slide on concerns about patchy demand recovery, record US stocks Details
8US crude stockpiles surge to record high on big Saudi imports: EIA Details
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Another two well rig requirement is also envisaged
8Along with drilling material and equipment
Click here for more details Details
Our project monitoring software is now being updated on a regular basis
8Here is a drilling rig requirement along with accompanying materials that is to come up.
8A production facility is also envisaged.
8The timelines are about six month away, but this is the time to develop a relationship with this private sector owner
Click here for more details Details
Even though gas offtake in India has gone up sharply after the lockdown was lifted, cargoes meant to dock at LNG terminals are still getting diverted
8Here is one instance of a diversion that happened this week
Click on Details for more
   Details
What is the status of the 2G ethanol revolution in India?
8There were 22 projects which were meant to come up, each worth more than Rs 1000 crore
8What is the status of the Bargarh project in Odisha
Click on Details for a comprehensive analysis of what is in store for these plants Details
8The fate of the Pipeline Replacement Project-7 project has taken a curious turn
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DAP/NPK Greenfield Project
8Cost - Rs 300 crore
8Project Event: The PDIL has been selected for the preparation of the Techno-Economic Feasibility Report. Based on the feasibility report of PDIL, future action shall be planned. The Feasibility Study is on hold due to lockdown, it is likely to be started at the end of June 2020. RFQ for the EPC contractor is likely to be released in August in place of April 2020.
Click here for more details
Ammonia-Urea Brownfield Project 
8Cost - Rs 4933 crore
8Project Event: The project has been elicited the cabinet approval. All the activities are on hold due to COVID-19, project activities are likely to be started in August 2020 when the DOF will finalize the plant size and equity share.
Click here for more details
(These are available through www.indianfertilizer.com) Details
The offshore E&P industry reported its first COVID-19 death.
8Meanwhile, the virus seems to have advanced menacingly into the heart of the industry
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The lockdown has seen L&T deliver a big project 7000 miles away
8While it declared a Force Majeure next door
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8A glitch in tender conditions forced IOC to cancel two refinery unit tenders
Find out what happened  Details
For reference purposes the website carries here the following tenders:
8Civil works at drill site RSAN in RDS area Details
8Hiring of Mobile ETP for a period of two years Details
8Hiring of Excavators cum Loaders on Need & Call Basis for Operational Requirements Details
8ARC for supply of Lead Acid Batteries for Heavy Equipments Details
8Civil, Electrical and Mechanical Jobs at various retail outlets Details
866 KV Outdoor GIS Switchgear for HCPL Project Details
8Engagements of TPI agency for the work Rate Contract for Inspection and repair of crude oil storage/ effluent tank in various Installation of Mehsana Asset Details
8Procurement of Spares for DeCoking Package of Delayed Coker Unit Details
8Expert Supervisory Services for overhauling/ maintenance of reciprocating compressors Details
8Design, Engineering and Manufacture of Complete Natural Gas Conditioning Skid Details
8Supply, Retrofitting and Commisioning of PLC Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol price hiked by 54 paise per litre, diesel by 58 paise Details
8Oil well in Assam explodes, over 1600 evacuated Details
8Massive fire at Assam's Baghjan oil well Details
8Petrol, diesel prices hiked for third consecutive day Details
8India's sovereign rating downgrade created six 'fallen angels': Moody's Details
8Oil prices rise as easing of lockdowns spurs fuel demand hopes Details
8Petrol, diesel prices hiked for third consecutive day Details
8Inferno at Assam oil well may take four weeks to extinguish Details
8Committed to people's safety: Pradhan on Assam gas well fire Details
8Nomura lowers GAIL rating, prefers RIL in oil & gas sector Details
8Petrol price hiked by 40 paise per litre, diesel by 45 paise Details
8Crude oil futures rise on spot demand, global cues Details
8Crude oil prices down on stronger dollar, oversupply concerns Details
8Libya's oil company says largest oil field shut down again Details
82019 fossil fuel subsidies nearly $500 bn: OECD/IEA Details
8Return of dynamic pricing may ease concerns over OMC valuations Details
You can also click on Newsclips for more   Details
This is a space that the refining sector should watch carefully
8The renewable power to liquid fuel capacity stands at just over 100MW, but the pipeline through 2030 now exceeds 11 GW.
8The price is falling rapidly enough for a step change in this space
8A 70% of the reduction in the cost of electrolysis expected through 2025
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GSPL India Gasnet Ltd is building  the 930-km Mehsana-Bhatina pipeline
8It now wants to build a spur line to a new refinery
8This will limit Cairn India's advantage
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This is one gas distributor who seems to be at an advance in the aftermath of COVID than before it
8Now how is that possible?
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Here is a big desi consultancy speaking of Business 4.0
8It is rooted in the ability of the businesses to reorganize thinking, while simultaneously crafting a series of responses to address a completely unprecedented and rapidly changing situation.
8It is claimed that the framework has been tested and developed over the past few years, however its relevance is uncannily appropriate in addressing the current global crisis accelerated by the pandemic.
8Apparently, In the past, the framework has been used successfully to transform regional ‘refining and marketing’ players to international players, to transform distribution of crude oil and refined products, and to help a major global firm transform oilfield operations to reduce cost, increase throughput and enhance safety.
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Crew change in offshore vessels has become a sore point. Crew members all seem very agitated.
8Some crew have not been changed from before the lockdown was announced, whereas crew change is mandatory every two weeks or 28 days.
8Families of crew members are protesting though they do no want the crew or the company to be named for fear of reprisal. "Even though guidelines are in place, the changeover has not happened," a family member told this website.
8ONGC has been able to do a complete changeover but private companies are still to complete the job
8There are reports of an increase in anxiety, depression, of attempted suicides and hunger strikes. There are also reports of resignations too.
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Find out what kind of LNG shipments are coming in for the next one month
8Who is bringing in what and from where.
8Which are the busiest terminals.
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We have reactivated our project monitoring website now that a semblance of normality is returning to project sites. The situation is quite bad at the ground level, work has not started at many places but we have begun reporting back on projects.
8This is a Rs 3700 crore pipeline project
8COVID-19 meant a hold up in RFQs for pumps and mainline pipes
8Find out when they are now due
Click here for more details for key contacts and comprehensive project details Details
"Do not think about expanding your business this year, if you can survive, you would have already made a profit," Jack Ma said recently, in the aftermath of COVID-19.
8India is among the emerging countries which will exude the sharpest contraction following COVID, but only this year is bad. Very bad indeed.
82021 growth rates are going to be sharply higher despite an inadequate attempt by the government to shore up the economy.
8If you are looking for disaggregated data on how 2020 is going to go, and how India figures among other emerging countries, and how 2021 and 2022 are going to behave, look no further.
Click on Reports for more Details
8April was a bad year for the gas industry
8Not only was domestic output down, LNG imports were also declined dramatically.
Click on Reports for a disaggregated picture. Details
What are the basic parameters governing GSPL? Current volumes are "robust".
8What is the utilization rate of the Hazira and Dahej terminals?
8How low is Cairn's gas supply, and when will it pick up?
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Where does India stand in terms of investment risk
8Pretty high up compared to the rest of the world, and just a shade higher than our neigbours
Find out more click on Report. Details
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