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Jun 2020

The COVID invastion notwithstanding, a world record in terms of cost/Kwh has been established last month
8And the hype over hydrogen continues, with a record number of electrolyser projects announced
8Stranded asset risks for the coal-fired power sector continue to grow as a result.
8It may soon hit other fossil fuels as well
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8The tanker market has quitened down after a roller coaster few months
8The offshore E&P vessels and rigs market has not seen as much undulation as the commercial shipping market but times are tough.
8The times ahead are not going to be so easy, and a V shaped recovery is very unlikely
8Also, find out more on what this domestic shipping major has to say about what is ahead
Click on Reports for more Details
Process Air Compressor Greenfield Project
8Cost - Rs 347 crore
8Project Event: The project was on hold due to some technical issues, and was likely to be activated in June 2020 but due to the lockdown project is still on hold, and the hiring process of LSTK contractor is also on hold. The project is likely to activated in July 2020.
Click here for more details
(This information is available through www.indianfertilizer.com only) Details
The RIL-BP takes a no-nonsense approach when it comes to taking business decisions on its eastern offshore E&P operations
8After putting a rig on force majeure, it has now cancelled another big contract
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8Some survival lessons are here from the CEOs of chemical companies in India
8These are lessons everyone can heed
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Gas suppliers are impacted by COVID-19
8Here is one supplier, where volumes are expected to be down anywhere betwen 12 to 23%
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Providing Facility Technical Services Details
8Procurement of Ball Float and Inverted Bucket Steam Traps installed in HDPE-I and HDPE-II Plants Details
8ARC for Corrosion coupon and ER probe Monitoring at GAIL JLPL & Ramgarh Region Details
8Procurement of V-Belts for Downstream Unit Details
8Supply of Remote Terminal Unit for HRDPL and SJHPL projects Details
8Hiring of contract services for various miscellaneous works to upgradation of installation Details
8Procurement of Ball Valves Details
8Removing of 22 KV HT MSEDCL Overhead Power Line and laying of Underground Cables Details
8Surveying and Preparation of LAQ proposal for drill site and approach road etc, preparation of route and cadastral survey drawing for drill site Details
8Request for Technical Proposal (RFP) for implementation of Financial Reporting Tool Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol, diesel price hiked by 60 paisa per litre for second straight day Details
8BS 6 compliant vehicles to display green sticker Details
8IOC seeks up to 24 million barrels of US crude for Oct 2020-March 2021 delivery: documents Details
8Govt extends oil block bid deadline to June 30 Details
8Why is Vedanta stock rallying after Rs 12,521 crore Q4 loss Details
8Singaporean experts arrive to check Assam oil well gas leak Details
8ONGC Videsh output may fall in FY21 on natural decline, OPEC+ supply cut Details
8Government is poor, needs more taxes: Chidambaram on fuel price hike Details
8Environmental concern grows over India gas well blowout Details
8Oil climbs over 2 per cent after OPEC+ extends output cuts to end-July Details
8British oil giant BP to cut 10,000 jobs Details
8Why are fuel prices rising again? Details
8Energy firms prepare to resume US Gulf of Mexico output after storm passes Details
8HSBC raises crude oil forecasts, sees deficit in July Details
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Ammonia Storage Tank Greenfield Project 
8Cost - Rs 100 crore
8Project Event: Tender for Engineering and Project Management Services for De-Commissioning, Inspection, Repair, and Re- Commissioning of 20,000 MT Liquid ammonia Storage tank has been out and finalization timeline has been adversely  impacted by th elockdown. RFQ for the LSTK contractor is likely to be released in August 2020 in the place of June 2020.
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(This information is available through www.indianfertilizer.com only) Details
Project Name: Greenfield 2G Bio Refinery
8Covid-19 has impacted the project
8The completion date has been extended
Click here for more details Details
8Crew change is turning out to be a nightmarish exercise for private sector companies working in offshore E&P
Find out more Details
A proposal in the new Merchant Shipping Bill 2016 calls for changing the definition of a "vessel".
8This is likely to adversely impact the offshore rigs business.
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Perhaps taking advantage of the current depressed conditions, ONGC is pushing its contractors hard.
8This is what it is doing in the Pipeline Replacement Project-7 as of now
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8Those interested in the job of director pipeline in IOC will have to apply by July 31, 2020
Find out who are the eligible candidates Details
8Find out more on why the most reliable analyst in the world is saying the price of Brent will not go up by much
8For domestic E&P operators, it is better to benchmark to a lower than a higher price and work around that constraint to prune costs
Click on Reports for more Details
The Numaligarh refinery Q4 GRM was a mere $2.5/bbl But the 50% excise relief meant its GRM jumped to an excessive $17/bbl
8For FY20, the GRM is as high as $24.5/bbl with excise benefits. Without excise, the GRM was $8/bbl
8The refinery's Assam centric top brass knows how to manipulate the North East card with the powers that be in New Delhi to keep the company under public sector grip even as its current owner, BPCL, is privatized.
8No wonder, OIL, headquartered in Duliajan in Assam, and even the cash strapped Assam government,  are so keen to better their stakes in the company, assuming it is going to remain a  cash cow, while others, no so familiar with the politics of the region, are not so keen.
8Riding on this concession, NRL is now embarking on a massive Rs 22,000 crore expansion of the refinery.
8The excise concession has stayed so far, but is it realistic to assume that it will stay well into the future? If NRL's GRM is positive without excise duty relief, what guarantee is there that the relief is not discontinued in the future?
8As the refinery sector goes through dramatic changes in the next decalde, there is a higher possibility of NRL becoming a stranded asset along with other smaller sized IOC refineries in the region, than other refineries in the rest of the country. Details
Getting back Earnest Money Deposit and Security Deposits from companies such as ONGC had always been a tedious process
8Thankfully, this issue is now getting sorted out
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One key gas consuming sector is facing a looming cash crisis. This may result in delays in payments to gas suppliers going ahead
8In the worse case scenario, there can be shutdowns as well
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply, Installation, Erection Testing and Commissioning of SCADA, RTUS and Apps System for HCPL Project Details
8Procurement of Bio-diesel produced from used Cooking Oil Details
8Supply of HDPE Containers to Lube Oil Blending Plants Details
8Supply of V Anchors Details
8Supply of Catalyst Unloading and Loading for SRU Details
8Procurement of Radar Type Level Transmitters Details
8Supply, Installation & Commissioning of Compactor Storage System as per specification Details
8Hiring of Slick Line Unit Services for Bottom Hole Data and Pvt Sampling on Callout Basis Details
8Deployment of Technicians to Support Electrical O&M Activities during Short Shutdown in Oct/ Nov 2020 Details
8Requirement of Insualtion Works Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian Oil Corp says Unlock 1.0 to revive fuel sales soon Details
8India’s biggest PSUs sale plan to attract China-wary oil majors Details
8Poor weather condition hampering work to control gas flow from OIL well blowout in Assam Details
8Baghjan oil blow out: OIL lines up firm for bio-remediation of spill Details
8OPINION: Covid-19 - Minimizing inflation in the Indian economy Details
8COVID-19: Chennai Petro writes down inventory of Rs 1,456 cr Details
8OIL well blowout: Affected families to get Rs 30,000 as a relief Details
8Petronas eyes stake in Tata Power's InvIT Details
8Vedanta’s Q4 loss may aid delisting efforts Details
8Fuel prices rise on 2nd consecutive day Details
8Assam gas leak: Placement of blow out preventer huge challenge, says OIL Details
8No better time to bet on India than now: Adani Gas Details
8Mexico refuses to extend oil output cut agreed by OPEC, allies Details
8Saudi Arabia's oil exports plunge $11 billion in first quarter: Data Details
8OPEC, allies agree to extend deep oil production cuts through July Details
8Mexico to sit out extension of OPEC+ oil output cuts: Energy Min Details
8Major oil producers to meet Saturday about output cuts Details
You can also click on Newsclips for more   Details
The deal  between Tellurain and Petronet LNG has formally lapsed
8Petronet LNG Ltd and Tellurain had set a date for the deal, and the that date has now expired
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Many ports in India had invited EOIs for FSRUs but they have been met with muted response
8An exercise is now on the figure out why that was so
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COVID-19 has had searing impact on Indian companies
8Brand values have taken a beating. The top 100 most valuable Indian brands stand to lose up to US$25 billion or 15% of brand value following devasting COVID-19 pandemic, but some brands have been able to raise their values during this time.
8Know more on the three best brands in the oil & gas space.
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There are lots of policy makers and scientists pushing the green agenda in India
8There are fresh initiatives on what green energy efficient buildings
8And all innovations are not necessarily confined to research institutes abroad. Here is a breakthrough technology going in from an Indian lab
8Also, can the Make in India format work for hydrogen in India?
Click on Reports for more Details
Was there an impression that the militancy ridden Mozambique LNG project, in which the Indian trio of ONGC, BPCL and OIL are heavily involved, has completed its $15 funding of the project?
8That impression was wrong
8Funding is still to be completed, though there are hopes that it will be done soon.
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There is always the other side of the picture that any rational oil & gas investor may have to take into account
8And that is that COVID-19 may well have pushed the peak oil year to 2019 as renewable energy becomes cheaper than fossil fuel in most places around the globe. But this is of course the extreme case scenaio
8Whether that is so or not, only time will tell
8But there are serious implications involved, if that indeed becomes the case. For a scenario planner, all cases ae credible. Surely this one deserves to be considered seriously enough
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It is now well established that there is no silver bullet that can deal with COVID-19
8While reopening strategies vary, there are clear trends emerging
8Clearly different geographies are opening with different numbers of active cases. Lessons on reopenings are still to be learned
8Significant uncertainty remains around medium- and long-term epidemiology trajectory of the virus spread
8What the key uncertainties that will likely drive medium-term scenarios? Clearly, not just in India but globally, official case and death counts are only capturing a portion of the true totals. Immunity to COVID-19 is key to return to the next normal, yet its prevalence and duration remain only partly understood
8It is now proposed that wastewater and sewage surveillance could potentially be better predictors of COVID-19 transmission compared to standard testing, which is biased towards symptomatic transmission
8The other point to understand is that the development of a COVID-19 vaccine still faces significant uncertainties.
8It has been noticed that adherence to physical distancing measures appears to decrease over time
8What kind of conclusions can businesses derive from the Chinese example? What are the forces that will shape the next normal? One thing is for sure: Lockdowns have accelerated digital adoption, which is driving entirely new patterns of consumption.
8A new "nerve centre" type of organizations are mutating or of existing structures. Clearly, organizational structures will have to change
8Get sample cases of how to deal with virus outbreaks and what kind of workplace SOPs are needed. A sample office place journeys and monitoring is also included here
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Splitting up GAIL or building third party access to pipelines or LNG terminals is a vastly much more complicated business than what our policy makers have been formulating.
8Here is a policy framework of what is in store for the future
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At the onset of COVID-19, there was an anticipation that BPCL's divestment will no longer attract the kind of valuations talked about earlier
8But that is no going to be the case anymore
8Also, the oil sector prospect does not look all that bad as it did a month earlier, infact there is a "buy" advisory on all oil & gas stocks
Click on Details to find out more Details
8An escape clause in the subcontracts may allow service providers to fend off demand from some vendors to be paid while doing work for Cairn India's integrated development of the Barmer block
Find out what it is Details
8The Cairn business model around integrated E&P contracts with service providers such as Baker Hughes, Schlumberger and Halliburton, has eventually turned out to be a failure.
8Find out what exactly went wrong with the model. Details
By 2025, all of  the Indian two-wheeler industry would have shifted to electric drive
8Find out what the implications going to be
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The GSPC-Adani LNG terminal at Mundra will receive two cargoes so far, with data available until July.
8For now, no other buyer is using the terminal except for GSPC
8But why is each cargo made up of a lower than normal volume? Details
Morbi consumes 6.5 mmscmd of gas, and is one of the largest tile making industrial clusters in Asia
8Tiles are the basic building blocks of an economy, needed in every construction job. Ideally, this industry would be the first to revive.
8In a way, Morbi represents industrial India, and if this industry can revive so can others.
8So, post lockdown what is the status on Morbi, which has a 1000 industrial units, all of them using gas to fire their furnaces?
Click on Details for more. Details
Hydrogen will eventually play an important role in energy transition, no one seem to be in doubt of that.
8In an ideal world hydrogen should be generated from surplus electricity generated from renewable sources and used to electrolyse water to create hydrogen and oxygen with zero emissions.
8This “green” hydrogen could provide energy for industrial processes, for power generation (largely as a back-up to renewables when the wind is not blowing or the sun not shining) and even for residential and commercial use.
8But the road to green hydrogen power is through the use of gas to make hydrogen for now.
Click on Reports for an excellent presentation on how demand for gas will stay high long after its emissions are found to be too high to release into the environment. Details
8This refiner is trying to put together a customer relationship tool which is ahead of its competition
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8As of June first week, globally, all countries have come with fiscal and monetary policies to help industries cope with the aftermath of COVID-19
8Where does India stand relative to others on this front?
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The PNGRB has unveiled a massive boost to the LNG industry
8Find out how
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8For the Federation of Indian Petroleum Industry to be more effective, it will have to goad its members to part with more information.
8Without that it will not be an effective force
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The website carries here updates on two Rs 6000 crore ammonia-urea plants
8One is being erected by a Chinese company while the other is by the L&T-TechnipFMC combine
8Both projects are to be delayed by at least six months
8Find out what is up, what kind of bids are likely and how has the lockdown impacted these projects Details
8New guidelines are in place to prevent the spread of the virus in an office environment
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8Why is GAIL posting a better gas sales performance than GSPC?
Find out more Details
For reference purposes the website carries here the following tenders:
8Rate Contract for Demarcation of Specific Locations and Identification and Verification of Facilities such as CNG Stations, Piped Natural Gas Connections and other facilities under the CGD Networks Details
8Transportation of Packed LPG Cylinders by Road Ex Purnea LPG Plant Details
8Procurement of Fire Water and Jockey Pumps Details
8Procurement of SMF and Flooded Type Batteries Details
8Procurement of Heavy Duty Racks Details
8Supply and Installation of Florousent Pipeline Markers along ROU Details
8Supply of Granular Activated Carbon Details
8Civil works at drill site RSAN in RDS area Details
8Supply, Installation and Commissioning of Field instruments at Rokhia GCS, ADB & Baramura GCS at Tripura Asset Details
8Procurement of Centralizers and Casing Accessories Details
8Requirement of Insualtion Works Details
8Procurement of 7 MT of Propane Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Current prices shouldn't decide oil companies' economics: Dharmendra Pradhan Details
8Gas leak: Expert committee to assess impact of leak in Assam's Tinsukia Details
8BPCL sees gasoline, diesel demand returning to pre-Covid levels in July Details
8Pradhan cautions against return of oil price volatility as Saudi, Russia agree to extend output cut deal Details
8OIL rushes Singapore experts to control Assam blowout; no casualty Details
8Dharmendra Pradhan calls for responsible steps to achieve global energy stability Details
8Pradhan congratulates OPEC for production cuts, calls for responsible steps to revive economy Details
8BPCL expects tough 1st quarter as margins decline for petrol, diesel Details
8HPCL to restart 70,000-bpd Vizag crude unit over weekend: source Details
8Weak demand pushing oil, gas toward 'terminal decline': report Details
8Rosneft replaces sanctioned trading arm with new one Details
8Pandemic exposes cracks in oil majors' bet on plastic Details
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The Shipping Corporation of India, India's largest shipping company, seems to be miffed with ONGC
8The allegation is that the contracts for three of its vessels were terminated during the lockdown period even as private vessels were let through.
Click on on Details for more Details
US cargoes to India are now getting rarer, as the latest data on arrival of LNG cargoes seem to show
8Current sub-$2/bbl spot prices are making LNG cargoes from a lot of terminals unviable
8Find out which terminals abroad are now supplying to India
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HPCL begins negotiations with L-1 bidder for a refinery unit
8Alternate route to building plant only as a last resort Details
This is a Rs 1300 crore pipeline
8HDD segments have awarded, find out who the winners are
8Mainline pipes orders have been placed, find out to whom
Click on Details for more on what is next with this pipeline Details
Brent prices touched $40
8So how do cost economics work out for Indian E&P
8There will still be a negative cash flow it, seems
8Then again, gas demand has been hit, find out sector-wise by how much. Details
8Settlement of deferred cargoes from India and other buyers during the end of the year or beginning next year may keep LNG prices down
Find out how Details
8It looks like PLL is working at a large volume of gas supply indexed to spot prices
8Find out what mechanism is being used Details
This is one terminal where the PMC notice is expected to see bids from Foster Wheeler, Bechtel, Flour Daniel, Worley, TechnipFMC and Whessoe
8EIL is not participating
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Overhauling of Columns DA42201 & DA42202 in CDU II during shutdown Details
8Supply of Gate Valve and NRVs as per tender Details
8Supply of Seamless Steel Line Pipes Details
8Quarterly Steam Trap Audit and Database Management for Monitoring of Comprehensive Steam Trap Management Details
8Expression Of Interest for Operation and Maintenance Services of Central Polymer Facility Details
8Procurement of Sulphuric Acid Details
8Procurement of Pipeline Locator for Malanpur Region Details
8Patrolling & Surveillance Services in Raman Mandi Rewari Kanpur Pipeline Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8LG Polymers has absolute liability for loss of life: NGT Details
8Numaligarh Refinery sees sales drop of 7 per cent in diesel, 13 per cent in petrol in May Details
8EESL, GAIL sign MoU for trigeneration projects Details
8PNGRB says lacks powers to regulate setting up of LNG pumps Details
8Moody's downgrades ratings for NHAI, GAIL Details
8India saves Rs 5,000 crore on filling strategic oil reserves Details
8Gas flow from OIL well on, more people evacuated in Assam Details
8Current prices shouldn't decide oil companies' economics: Dharmendra Pradhan Details
8Massive thermal plant fuel leak pollutes Siberian river Details
8China drives global oil demand recovery out of coronavirus collapse Details
8Crude oil futures rise on spot demand global cues Details
8Brent above $40/bbl as output cut extension expected Details
8Crude oil prices top $40 for 1st time since March on Opec cuts, demand recovery Details
8OPEC+ keen to keep US shale in check as oil prices rally Details
8Russia's Lukoil reports $669 million net loss on weak prices, rouble Details
8Weak demand pushing oil, gas toward 'terminal decline': report Details
You can also click on Newsclips for more   Details
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