8Two recent McDermott downstream projects in India will involve multi-country teams working on them 8The projects will be executed by the McDermott team in Gurgaon, India, with some support from Perth, Australia and Brno in the Czech Republic.
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In Mozambique, insurgents had attacked the strategic port of Mocímboa da Praia killed over 50 soldiers, sank a Mozambique Naval Ship with a rocket-propelled grenade, and, eventually took physical control of the port 8The government had since employed private military contractors to handle the insurgents 8How bad is the situation in Mozambique, where the Indian trio of ONGC, OIL and BPCL are heavily invested in an LNG project? Click on Reports for more
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8Hydrogen based fuel-cell tenders using electrolysis has begun appearing in India 8And that is good news for those involved with this technology Click on Reports for more
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87.91 MMT of crude is getting lined up 8With lockdowns getting relaxed, around 1 MMT of chemicals is lined up for Indian ports 8Get the daily CODID-2 update on ports Click on Reports for more
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Torrent Power has brought in a cargo of LNG all the way from Sabine Pass for its power plants 8Torrent is one of the few power companies running their gas-based power plants on LNG 8The fact that they have their own captive distribution set up helps in the offtake of power, which otherwise would not pass muster under India's merit order power offtake rules Click on Reports for more on this cargo, coming in just now at Dahej LNG terminal
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Megha is going to be the first company in India to be supplying 2000 HP onland rigs 8It has put in a bid for OIL's 5-rig tender through its subsidiary Drillmec 8Find out more on what Megha has been doing not only on this front but elsewhere in the hydrocarbon sector, both domestically and internationally
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For reference purposes the website carries here the following tenders: 8Hiring of Vehicles for UP Details 8ARC for refurbishment of Traction Battery of Battery Operated Forklift TruckDetails 8Annual Rate Contract of combined non destructive inspection services Details 8Hiring of vehicles for Punjab Region Details 8Procurement of UPS along with Battery Bank Details 8Annual Rate Contract towards procurement of Anti Friction BearingsDetails 8Work for carrying out Pipeline Integrity Survey of Non Piggable Cross Country Pipelines Details 8Supply Installation Testing And Commissioning of Drawout Type Numerical Relay Details 8Procurement of toners from GeM portal for 6 new copier machines Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Petrol reaches Rs 102.58 per litre in Mumbai after another hike in fuel prices on Monday Details 8Merkel says discussed with Biden his upcoming meeting with Putin, Nord Stream 2 Details 8Oil prices reach multi-year high on demand hopes Details 8Government may raise foreign investment limit to aid BPCL sale Details 8High inflation due to daily rise in fuel prices: Chidambaram Details 8After Mumbai, Hyderabad sees Rs 100/litre petrol after price hiked again Details 8Crude oil price rises as threat of immediate Iran supply recedes Details 8Wholesale inflation drove retail prices to six-month high in May, experts say trend may continue Details 8Indian rupee to remain weak over longer term: Fitch Solutions Details 8Undeveloped oil fields: Govt plans monetisation amid low recovery, shift to renewablesDetails 8As fuel prices cross Rs 100-mark, Petroleum minister explains reason behind surge Details 8Oil prices fuel WPI to record high of 12.94% Details 8Pushed by rising fuel and food prices, retail inflation breaches 6% comfort zone of RBI Details You can also click on Newsclips for moreDetails
OIL has received a good set of bids for its five 2000 tonne onland drilling rig contract. 8The technical bids were opened Click on Details for more.
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Coal based Ammonia-Urea & Coal Handling Plant Greenfield Project 8Cost - Rs 7484 crore The company is in the initial stages and an internal team is in the process of being set up. There is technology selection to be done, and it claims that all of this will be set into motion within three months. NPK-SSP & Sulphuric Acid Expansion Project 8Cost - Rs 15 croreDetails
Some updates on Petronet LNG: 8New domestic gas can impact spot and short-term LNG volumes but eventually gas demand will be much higher (70-90mmtpa in CY30 vs. 46mmtpa now). Meanwhile, the company says that the gas ceiling is expected to go up to USD5-6/mmbtu in the next revision for offshore gas. 8One of Kochi's primary customer, FACT, is cannot operate at a rate higher than $ 8/mmbtu whereas spot is at $10/mmbtu 8The use or pay was invoked on tolling customers, where 2 out of 3 have not paid but as per contracts are liable. Discussions are on, and will be resolved shortly, maybe by this quarter. 81,200 kms radius of virtual pipeline can be set and economics is favorable. LNG is 25-40% cheaper than diesel. Initially, payback will be longer (less than 5 years in steady state) and offtake low but market will develop. 50 stations are inaugurated. PLNG targets 3.5mmtpa volumes by CY30. Click on Reports for more
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Petronet LNG has a large capex plan 8And we have a fairly detailed break-up 8Also, what did Sri Lanka asked for that forced PLL to drop its plans 8What kind of slope to Brent is it looking at when it comes to future sourcing deals? 8Why has PLL dropped all its overseas plans? Find out more
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8Nayara is looking for dedicated domestic gas supplies for its refinery complex. 8Domestic gas is cheaper than any other source of energy at the moment. Click on Reports for more
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8BP has undertaken what it passes on as the "biggest global restructuring in its 112-year history" by sacking a shocking 25% of its office staff. 8The sackings are still continuing. Click on Details for more
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Under intense pressure from the government, ONGC seems to have finally turned around now, and to begin with, has sought "technical" assistance to enhance the life of most of its North Eastern assets. 8Help has also been sought for newly acquired assets. 8What is of greater interest is that OIL and ONGC are collaborating to offer joint assets for such assistance 8The company has now admitted that ONGC would expect to "go along with the prospective partners towards realizing the value of these resources". 8From ideating to actual implementation, it is still a long way off, but the process has begun. 8Hopefully, this new initiative will not fizzle out like similar ones in the past. Click on Reports for more.
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Existing gas pipelines will eventually have to push a mix of hydrogen and gas, as regulations harden 8Attempts to decarbonize gas has already begun 8A 10-year deadline has started ticking already Click on Reports for more.
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The capacity underutilization in Ennore, IOC's 5 MMTPA LNG terminal is evident from the amount of traffic that the port sees every month. 8One cargo has just sailed away on the 10th of June. 8The next cargo is now expected on July 1. 8This is a gap of 20 days. 8The dates may vary, but for a 5 MMTPA LNG terminal to get a cargo of LNG every 20 days reflects the pathetic state of some of the LNG terminals in India. 8IOC says that utilization levels are low because, for a multitude of reasons, the pipeline evacuation network is not in place. Click on Reports for more.
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IOC's Paradip is a large refinery 8And around 1.72 million tonnes of crude is lined up 8And the crude is sourced from:h -- Qua Iboe -- Basrah -- Zirku Island -- Ras Tanura -- Angola -- Agmami Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Hiring of Consultancy Services for Payroll and Social Tax Services Details 8Supply, Installation and Commissioning of AC Actuators for Existing ValvesDetails 8Invitation of Expression of Interest (EOI) for identification of suitable partners/ service providers to partner/ technically assist in specific E&P portfolios in Assam & Assam Arakan Basin Details 8Supply of 3LPE Coated Line Pipe for West Bengal Cluster GA Details 8Liquid Phase HDT Unit and AMC Details 8Mechanical Piping and Equipment Erection WorksDetails 8Supply of Pre-Fabricated SS Tanks for ROs under EZ Details 8Setting up Solar Power Plants at 3 HPCL Locations Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8GAIL shares gain over 2 pc after Q4 earningsDetails 8EU countries meet to tussle over gas project funding Details 8Petrol costs Rs 102 in Mumbai after another hike on Friday Details 8Fuel prices rise again across the country; petrol costs Rs 102/ltr in Mumbai Details 8Russia's Gazprom sees domestic gas consumption rising 7.5% within 5 years Details 8OPEC+ complies with 115% of agreed oil curbs in May - source Details 8Oil rally has more room to run, Brent expected to hit $80 per barrel - Goldman Details 8Jagan meets Pradhan; urges him to set up petro complex, not to privatise VSP Details 8EU countries agree to prolong gas project funding, with caveats Details 8G7: Why major economies are delaying a break with the fossil fuel industry Details 8Oil hits multi-year highs in third weekly gain on demand recovery Details 8Energy majors bid for Qatar LNG project despite lower returns Details 8Iran could offer India access to Jask port for strategic oil reserve facility Details 8Tamil Nadu: Protest against oil exploration bid in Cauvery delta region Details 8Tamil Nadu: CM Stalin tells PM to cancel bid for hydrocarbon exploration Details 8Petrol price: Pradhan says Rahul Gandhi should seek cut in high taxes in Cong-ruled states Details 8Petrol crosses Rs 100 in 22 Telangana districts, Hyderabad just 10 paisa away Details 8BPCL opens 200-bed Covid hospital at Bina Refinery Details 8Current fuel prices 'problematic' for people, govt saving money for welfare schemes: Dharmendra Pradhan Details 8Left parties to hold nationwide protest from June 16-30 against rising fuel, commodities prices Details You can also click on Newsclips for moreDetails
8It looks like in IOC's Panipat expansion, the management is looking for lesser than larger number of EPCM consultant bidding. 8And EIL is actively looking for jobs
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8Strapped for cash after buying out NRL and investing in the expensive but militancy ridden Mozambique LNG project where Total is the operator, Oil India Ltd is trying to tie up with a partner for its OALP commitments Find out more:
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Effluent Treatment Plant Up-gradation Project 8Cost - Rs 101 crore 8Project Event: Ion-exchange India Ltd is the LSTK contractor, the construction is likely to be started in July 2021, Other equipment and purchase work are ongoing and are likely to be completed at the end of June 2021. Ammonium Sulphate Expansion Project 8Cost - Rs 9 crore 8Project Event: The public hearing has been completed, the proposal for the environmental clearance is likely to be granted in July 2021. RFQ for the EPC contractor is likely to be released in Q2 2021.Details
Swan Energy is saying it will complete its project by March 2022. 8But it is already exuding enthusiasm for another 5 MMTPA of capacity 8And wants to build a long pipeline to GAIL's pipeline infrastructure in collaboration with the gas major 8Is there a business opportunity here? Yes, but not for some time at least till its 5 MMTPA terminal and up and about Click on Reports for more
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There is a comprehensive argument being made that because of delay in the start-up of fertilizer plants, GAIL may have to sell a significant number of cargoes at spot LNG 8Last year it lost money doing do, will this year be different 8Spot prices have gone up so GAIL is expected to make money, it seems 8Also, GAIL is commissioning 94 msmcmd of pipeline capacity between December, 2021 and March 2023 (get the details here) Click on Reports for more
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8Project Cost: Rs 320 crore 8Project Event: RFQs for CNG dispensers and compressors are expected by Q4 2021. 8RFQ Date: Q3/2021 8Release Date: Q4/2021 8Start Date: Q3/2018 8Completion Date: Q4/2033 Click here for more detailsDetails
8Project Name:Coimbatore District City Gas Distribution 8Project Cost: Rs 350 crore 8Project Description:Indian Oil Corporation Limited has been granted permission on September 12, 2018, to set up a CGD network in Coimbatore District of Tamil Nadu. The entity won the project under the 9th CGD bidding round. The CGD network will have a coverage area of 4732sq. km. For an overall timeframe of 8 years, IOCL is expected to provide 912783 piped natural gas connections and lay 2500 inch-km of steel pipe. Gas is being received from Kochi-Mangaluru Natural Gas Pipeline Click here for more detailsDetails
There is a proposal suggesting that India can produce an impossible 24 million tonnes per annum of sustainable aviation turbine fuel, far more than ever targeted before 8But the suggested use of new technology seems very futuristic and the targets are, to put it mildly, bombastic, but there are interested parties pushing this proposal as India has a massive target of ferrying 100 million passengers annually, creating an unprecedented level of carbon emission. 8The 24 million tonnes per annum target has laid down a rough game plan Click on Reports to find out what the plan is
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RIL's ethane imports from the US are becoming more expensive 8Prices have shot up. almost doubled, over the last one year 8Clearly, it looks like using gas out of its own KG Basin fields at a lower ceiling price in its crackers is a cheaper option than any other feedstock. 8While there is a loss in gas sales, it makes up some of it by using this gas for its own consumption. No wonder therefore the company is so keen to corner as much gas as possible after the affiliate company non-use clause was scrapped. Click on Details for more.
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For reference purposes the website carries here the following tenders: 8ARC for maintenance of OFC under GAIL Kochi Details 8Horizontal Directional Drilling Works for Haridwar Rishikesh Dehradun Pipeline ProjectDetails 8Design, supply, Installation & Commissioning of above ground HSD Storage tank at KLL Dabhol site Details 8Procurement of Non Ferric Alum Details 8Supply of Batteries on buy back basis Details 8ARC for EIA/ EMP/ GRA and DMP Studies for Small Connectivity ProjectsDetails 8Procurement of Complete Valves along with Actuator Details 8Procurement of Refrigeration Gas Chlorodifluoro Methane type CFM 22 Details 8Supply of Di Electric Fittings for KKBMPL Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8ExxonMobil makes new discovery off Guyana's coast Details 8Reliance says FCCU unit at Jamnagar refinery shut, exports may be delayed Details 8Fuel price hikes press momentary pause Details 8Kerala: Opposition demands subsidy to mitigate fuel price rise Details 8GAIL split plan scrapped, company to monetise pipelines Details 8Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half Details 8Indian government offers 32 areas in latest small oil, gas field auction Details 8India's Petronet to invest $2.6 billion for local expansion over 5 yearsDetails 8Covid disruptions, gas price crash pushes PLL out of $2.5-bn deal with Tellurian Details 8China to overtake Japan as world's top LNG buyer in weeks, ICIS says Details You can also click on Newsclips for moreDetails
8What is the latest on the Karaikal LNG project bidding process 8Bid were submitted long back but nothing has been heard since from the promoters 8 Click on Details for more, as six bidders wait on the sidelinesDetails
For project planners, even as the energy transformation speeds up EIL has estimated Indian refining capacity requirement to be much more than what has been planned 8Also, there will be scope for 15 world class petrochemicals plants to come up Click on Details for moreDetails
The glass either half empty of half full, it depends on how you look at it 8At a time when all but one LNG terminal in India is running at full capacity, here is a new 7.2 MMTPA terminal coming up Click on Reports for moreDetails
Granular Single Super Phosphate Greenfield Project 8Cost - Rs 148 crore EPC contractor lookout will take place in August now SSP-Sulphuric Acid & NPK Fertilizer Expansion Project 8Cost - Rs 75 crore Contractor RFQ in July.Details
For reference purposes the website carries here the following tenders: 8Production and Supply of Compressed Bio Gas Details 8Procurement of DEAC 13% solution in White Mineral OilDetails 8Annual Rate Contract for Monitoring and Maintenance of CP Systems Details 8Supply of Dimethyl Disulphide Details 8Annual Rate Contract for Civil Jobs in Peripheral Areas Details 8Procurement of Cup Lock Scaffolding Details 8Hiring Transport Service from GAIL Chhainsa to GAIL Agartala Details 8Industrial Occupational Hygiene and Health Survey for JLPL Loni Pipeline Details 8Supply, installation and commissioning of Solar Power System Details 8AMC for AC Systems Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Oil rises for second day on signs of strong fuel demand recovery Details 8Madhya Pradesh: Fuel hike hits retailers hard in border areas Details 8Congress to stage nationwide 'symbolic protest' on June 11 against fuel price hike Details 8Indian oil refiners shut for work before likely demand pickup Details 8India's fuel demand fell 1.5 pct y/y in May Details 8Videocon to give Anil Agarwal's group majority stake in Ravva oilfieldDetails 8Mumbai barge tragedy: FSUI seeks speedy judicial inquiry, "suitable" compensationy Details 8Shell to step up energy transition after landmark court ruling Details 8India’s PAT scheme saved 17 mtoe energy, mitigated 87 MT CO2 annually Details 8GAIL India profit jumps 28% on energy demand; shares fall Details You can also click on Newsclips for moreDetails
Why do engineering consultancy companies find it very hard to move to an EPC format? 8Reason is returns are much higher in engineering than in turnkey projects 8Find out how one of the largest engineering companies in India fared in terms of returns on engineering and turnkey projects over the last five years Click on Details for moreDetails
Nayara Energy has a judicious mix of crude coming at the Vadinar port for its refinery. One lot is being shipped by a combination of Jadco, Adnoc and Korea Gas from Fujairah 8Another from Petrobrass (Buzios) 8And a third cargo from Andes Petroleum Company (Balao) 8Clearly, the company, given that it is half owned by Trafigura, is quite adventurous with its crude sourcing. Click on Reports for moreDetails
Adani Total Pvt Ltd has ordered a full cargo of LNG 8It is landing in Dahej next week. 8Clearly, all of it in on go is not for in-house use, it is marketing the gas as well 8Meanwhile, our data shows there are two cargoes coming into Cochin, one from Soyo and another from Ingleside. This is raising eyebrows on what PLL is up to here, under a new IOC-trained MD, unless our data is wrong. Click on Reports for moreDetails
There were many who claimed this was the best panel of names that the PESB could have got together for the ONGC chairman's job. 8But was it? 8Find out why the panel was rejected by the selection committee.Details