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Jun 2019
There is near panic among offtakers of long term LNG in India as spot prices continue to move downwards
8The benchmark for LNG spot delivered prices into southeast Asia was assessed late last month at $4.267/MMBtu, the lowest price for the contract since April 2016
8"India is an extremely price sensitive market, and with long term rates tied to the price of oil, which is staying steady, the outlook is a little cloudy," an industry insider told this website.
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8The benchmark for LNG spot delivered prices into southeast Asia was assessed late last month at $4.267/MMBtu, the lowest price for the contract since April 2016
8"India is an extremely price sensitive market, and with long term rates tied to the price of oil, which is staying steady, the outlook is a little cloudy," an industry insider told this website.
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The 5 MNTPA, Rs 5500 crore Mundra LNG terminal is fully commissioned but lying idle for want of a settlement between the two warring JV partners, the Adanis and GSPC. Adani holds a 25% shareholding while GSPC has another 50%. Former PNGRB chairman Labanendu Mansingh is working as a mediator between the two groups but progress has been slow.
8But as and when the two factions come to a settlement, as they finally have to, the Mundra terminal is eventually the best placed among all new terminals to give Petronet LNG Ltd a run for its money
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8But as and when the two factions come to a settlement, as they finally have to, the Mundra terminal is eventually the best placed among all new terminals to give Petronet LNG Ltd a run for its money
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Another LNG terminal that is ready to go is H-Energy's 4 MMTPA Jaigarh terminal but there is still some uncertainty over the commissioning of the 60 KM 30-inch evacuation pipeline which will connect it to the grid.
8But how does the terminal compare with that of Mundra in terms of its ability to serve customers?
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8But how does the terminal compare with that of Mundra in terms of its ability to serve customers?
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A big contract is in the offing in an offshore asset
8Tender is expected next month
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8Tender is expected next month
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8Project Name: Co-generation Unit
8Project Cost: Rs 255 crore
8Project Description: Bharat Heavy Electricals Limited at work constructing ONGC's Uran Cogeneration Plant in Uran. As per the sources, the tender for the Civil, Structural, Architectural Erection and Commissioning Works is undergoing processing and is expected to be awarded by the next month. Currently, the tendering for the HT-LT works, Tower Crane services are going on.
8Project Event: RFQ for firewater works is expected by July 2019
8Expenditure Approval: Q2/2018
8RFQ Date: Jul/2019.
8Release Date: Aug/2019.
8Start Date: Aug/2019
8Completion Date: Dec/2021
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8Project Cost: Rs 255 crore
8Project Description: Bharat Heavy Electricals Limited at work constructing ONGC's Uran Cogeneration Plant in Uran. As per the sources, the tender for the Civil, Structural, Architectural Erection and Commissioning Works is undergoing processing and is expected to be awarded by the next month. Currently, the tendering for the HT-LT works, Tower Crane services are going on.
8Project Event: RFQ for firewater works is expected by July 2019
8Expenditure Approval: Q2/2018
8RFQ Date: Jul/2019.
8Release Date: Aug/2019.
8Start Date: Aug/2019
8Completion Date: Dec/2021
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8Project Name: Quick Production System
8Project Description: Oil and Natural Gas Corporation Limited RFQs for the hiring of an EPC contractor for al Quick Production System is expected to be out soon. As of now the financial approval for the project has been granted and the tender documents are under preparation. Furthermore, EIA report is in final stages of preparation and is expected to be submitted by the next month.
8Project Event: RFQ for the hiring EPC contractor is expected by July 2019
8Expenditure Approval: Q4/2018
8RFQ Date: Jul/2019.
8Release Date: Aug/2019.
8Start Date: Q4/2019
8Completion Date: Q4/2020
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8Project Description: Oil and Natural Gas Corporation Limited RFQs for the hiring of an EPC contractor for al Quick Production System is expected to be out soon. As of now the financial approval for the project has been granted and the tender documents are under preparation. Furthermore, EIA report is in final stages of preparation and is expected to be submitted by the next month.
8Project Event: RFQ for the hiring EPC contractor is expected by July 2019
8Expenditure Approval: Q4/2018
8RFQ Date: Jul/2019.
8Release Date: Aug/2019.
8Start Date: Q4/2019
8Completion Date: Q4/2020
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Project Name: Greenfield POL Terminal Project.
8Project Cost: 400 crores
8Project Description: Work is on hold for now, pending capital approval.
8Project Event: All the RFQs are currently on hold.
8Expenditure Approval: Q3:2019
8Start Date: 2019
8Completion Date:2022
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8Project Cost: 400 crores
8Project Description: Work is on hold for now, pending capital approval.
8Project Event: All the RFQs are currently on hold.
8Expenditure Approval: Q3:2019
8Start Date: 2019
8Completion Date:2022
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For reference purposes the website carries here the following tenders:
8Construction or Modernisation of New or Existing Retail Outlets under Badaun Sales Area Details
8Modernisation of New or Existing Retail Outlets under Firozabad Sales Area Details
8Supply, Commissioning and Comprehensive AMC for Retail Outlet Automation System and Solution Details
8Carrying out Intelligent Pigging of pipelines Details
8Project Management Consultancy Services for Steam Turbine Generator Details
8Rate Contract for Quick Sealing Jobs in refinery Details
8Annual Rate Contract for Calibration of Portable LEL Multi Gas Detector Details
8Procurement of Hydrocarbon valves Details
8Supply of Spare Gaskets for Coke Drum Details
8Supply of Electrical Cables at LPG Plant Project Sites Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Dharmendra Pradhan retains oil ministry, gets additional portfolio of steel Details
8Indian shares rise as PM Modi's cabinet takes shape; oil marketers lead gains Details
8Dharmendra Pradhan: Ujjwala Man who helped BJP make inroads in Patnaik's citadel Details
8Barmer oil discovery kindles interest of students in petroleum engineering Details
8Oil companies raise subsidized cooking gas prices by Rs 1.23 per cylinder Details
8More oil-gas output, faster reforms key for oil minister Dharmendra Pradhan Details
8Reliance Industries resumes lobbying in US; ropes in new lobbyist Details
8ONGC topples IOC to regain most profitable PSU tag Details
8India is much less exposed to trade war issues, oil is biggest worry: Christopher Wood, Jefferies Details
8OPINION: Face it, Opec. Russia is no longer your friend Details
8Total expects Papua New Guinea to honour LNG deal Details
8Polish, German refineries reach preliminary deal to process dirty oil Details
8Tainted oil set for Russian refineries, ports after dilution: Sources Details
8Hedge funds cut bullish crude oil bets last week Details
8Alaska oil producers to invest in natural gas line project Details
8Oil falls over 3% on fresh trade worries, posts biggest monthly drop in six months Details
8Opening 1,750 new petrol pumps in Kerala: HC declines to interfere Details
8Trump's tariff on Mexico could hit U.S. refiners, add to fuel costs Details
8Azerbaijan's SOCAR plans IPO of Turkish subsidiary in 2021 -official Details
8Substitute LPG by setting up biogas plants: Environment ministry official Details
8UAE govt marks Modi's swearing-in ceremony by lighting up iconic ADNOC building Details
8Russia meets Opec+ target amid dirty crude oil crisis Details
8Crude stumbles to worst May in seven years Details
You can also click on Newsclips for more Details
8Construction or Modernisation of New or Existing Retail Outlets under Badaun Sales Area Details
8Modernisation of New or Existing Retail Outlets under Firozabad Sales Area Details
8Supply, Commissioning and Comprehensive AMC for Retail Outlet Automation System and Solution Details
8Carrying out Intelligent Pigging of pipelines Details
8Project Management Consultancy Services for Steam Turbine Generator Details
8Rate Contract for Quick Sealing Jobs in refinery Details
8Annual Rate Contract for Calibration of Portable LEL Multi Gas Detector Details
8Procurement of Hydrocarbon valves Details
8Supply of Spare Gaskets for Coke Drum Details
8Supply of Electrical Cables at LPG Plant Project Sites Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Dharmendra Pradhan retains oil ministry, gets additional portfolio of steel Details
8Indian shares rise as PM Modi's cabinet takes shape; oil marketers lead gains Details
8Dharmendra Pradhan: Ujjwala Man who helped BJP make inroads in Patnaik's citadel Details
8Barmer oil discovery kindles interest of students in petroleum engineering Details
8Oil companies raise subsidized cooking gas prices by Rs 1.23 per cylinder Details
8More oil-gas output, faster reforms key for oil minister Dharmendra Pradhan Details
8Reliance Industries resumes lobbying in US; ropes in new lobbyist Details
8ONGC topples IOC to regain most profitable PSU tag Details
8India is much less exposed to trade war issues, oil is biggest worry: Christopher Wood, Jefferies Details
8OPINION: Face it, Opec. Russia is no longer your friend Details
8Total expects Papua New Guinea to honour LNG deal Details
8Polish, German refineries reach preliminary deal to process dirty oil Details
8Tainted oil set for Russian refineries, ports after dilution: Sources Details
8Hedge funds cut bullish crude oil bets last week Details
8Alaska oil producers to invest in natural gas line project Details
8Oil falls over 3% on fresh trade worries, posts biggest monthly drop in six months Details
8Opening 1,750 new petrol pumps in Kerala: HC declines to interfere Details
8Trump's tariff on Mexico could hit U.S. refiners, add to fuel costs Details
8Azerbaijan's SOCAR plans IPO of Turkish subsidiary in 2021 -official Details
8Substitute LPG by setting up biogas plants: Environment ministry official Details
8UAE govt marks Modi's swearing-in ceremony by lighting up iconic ADNOC building Details
8Russia meets Opec+ target amid dirty crude oil crisis Details
8Crude stumbles to worst May in seven years Details
You can also click on Newsclips for more Details
