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Jun 2020

EPC bids are going to surely come out for this particular 5 MMTPA LNG terminal
8Currently, FEED work is on
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COVID seems to have drawn blood in the LNG industry.
8Two LNG terminals which were to come up have now been put on hold
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Not only do costs continue to decline for solar and wind power technologies, but new projects are increasingly being commissioned at very low absolute cost levels. In 2019, 56% of all newly  commissioned utility-scale renewable power generation capacity provided electricity at a lower cost than the cheapest new fossil fuel-fired option.
8Nine-tenths of the newly commissioned hydropower capacity in 2019 cost less than the cheapest new fossil fuel-fired option, as did three-quarters of onshore wind capacity and two-fifths of utility-scale solar PV. The latter value is remarkable considering that in 2010, solar PV electricity cost 7.6 times the cheapest fossil fuel-fired option. 
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8This gas producer is banking on a new pipeline connectivity to boost its earnings
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8The OIL well leak is still to be plugged
 Get the latest here Details
We have the latest June 2020 data on:
8Merchant ships: Contracting forecast by shiptype (no of ships)
8Merchant ships: Deliveries forecast by shiptype (no of ships)
8Offshore mobile units: Contracting forecast by shiptype (number of units)
8Offshore mobile units: Deliveries forecast by shiptype (number of units)
8Shipbuilding – contracting by different ship type
8Shipbuilding capacity and utilisation scenario
8Shipping – The world fleet (by different shiptypes)
8World fleet and order book development by shiptype
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Indians make a lot of the crew in international vessels
8After long period of wait, the government is helping out now
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Progress of work in ONGC's KG-DWN-98/2 block  is mired under different force majeure caveats and payment problems have begun to arise.
8It may take a long time for work to limp back to normal, but there are differences emerging between the oil major and service providers over timelines
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In one of India's biggest industrial clusters, bereft of workers, the hypothesis whether workers who had migrated out are willing to return or not has been put under test
8The results offer a clue to what is going happen next in India
8And it will also test whether workers will return to oil & gas construction sites or not
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ONGC seems to have run into trouble in one of its offshore installations
8There was an evacuation
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For reference purposes the website carries here the following tenders:
8Procurement of Natural Gas Regulators Two Phase Separator Vessel for separation of Natural Gas, Water and Condensate along with Condensate Flash Drum Details
8Engagement of Management Consultant Details
8Procurement of Natural Gas Regulators Details
8ARC for supply of Helium Gas and Allied Services Details
8Service Contract for ARC for Online Sealing Jobs Details
8Renewal of Commvault Complete Backup & Recovery Software for Endpoints Support Subscription Details
8Production and Supply of Compressed Bio Gas to Oil Marketing Companies across India Details
8Procurement of Various type of valves for Surface installation in Assam Asset Details
8Civil Works at Drill Site PDCS at village Ghayaj at Padra Area Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Moody's downgrades 11 Indian banks, 11 NFIs, 11 infra majors, 4 issuers Details
8Haryana Police bust gang involved in oil theft from IOCL pipeline Details
8A team of experts from Singapore to help plug the blow out at Baghjan in Upper Assam Details
8Gujarat: VAT on fuel & gas to go up Details
8Coronavirus demand destruction cuts US LNG exports to 13-month low Details
8Oil hits three-month high over hopes for output cuts Details
8OMCs invite fresh bids for ethanol procurement Details
8Gulf countries to experience worst economic crisis in history: IIF Details
8Crude oil futures rise on spot demand, global cues Details
8China approves $20 billion mega petchem complex in Shandong oil hub: sources Details
8Crude oil prices rise before Opec+ meeting about extending output cuts Details
8Qatar Petroleum signs $19 billion shipbuilding agreements with Korean companies Details
8Russian oil output falls to 9.39 million bpd in May, close to OPEC+ goal: Ifax Details
8Trump administration putting trust in global oil producers ahead of OPEC+ meet Details
8Net marketing margin on petrol and diesel turns negative Details
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The big three service provider have a massive amount of outstanding stuck up in Cairn's Barmer block subsequent to the "termination" of contracts
8"It is a mind bogglingly large figure," an industry analyst said
8Find out what the figure is, and its distribution among the three and what is being done to get the money back. Details
Cairn India's 41-block OALP programme has run into serious road blocks.
8Bigger players are demanding a different set of terms from what Cairn is willing to offer
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There has been a change in the pattern of LNG contracts of late.
8Oil-indexed contracts are on the wane, while hybrid contracts are on the increase
8Also the average oil indexation ratio went up in 2018, only to fall in 2019. 
8If you are eying contracts outside of spot deals, what kind of mix should you go for? If indexed to crude, what kind of indexation can you expect?
Get detailed information here. Details
New man in charge of a critical division in an E&P company
8Will he be able to deliver results?
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Shipping company fortunes are looking up
8The country's largest shipping company ended up with a reasonable profit against a lost last year
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A new man is in charge of operations in Oil India Ltd
A local from Assam, expectations are riding high on him
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Low cost of oil notwithstanding, this E&P producer is going ahead with its offshore development project
8First oil and gas expected in the next fair weather window
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It is a strange case in E&P parlance, of an errant child questioning its parents
8But in post-COVID times, nothing is impossible, it seems
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A limited tender has been floated for drilling of ultra deep wells
8The drilling will be of the extended reach variety
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For reference purposes the website carries here the following tenders:
8Supply of 1400 MT of Mono Ethylene Glycol (MEG) to our Lube Oil Details
8Supply of around 99 Crore Litres of Denatured Anhydrous Ethanol at Oil Marketing Companies Details
8Procurement of Rust Preventive Oils Details
8Supply of Pneumatically Operated Butterfly Valves Details
8Notice for Invitation for Cutting Mill Details
8Construction of 150 KL ETP at Vashi Terminal Details
8Supply of Propylene Gas Analyzer System Details
8Micro Compounder System with AMC Details
8Procurement of industrial gas for a period of 3 years through RC Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian state retailers' May petrol sales fall 36 per cent; diesel down 31 per cent Details
8LPG prices raised by up to Rs 37/cylinder after three cuts Details
8India's fuel demand recovery gathers pace in May; sales almost double compared to April Details
8ATF price up 50 per cent, LPG up Rs 11.5 per cylinder Details
8Threat to national park, wetlands after India gas well blowout Details
8OIL contacts global experts to control blowout in Assam's Baghjan Details
8Iraq crude sales slump in May, but revenues inch up Details
8China snaps up Russia's expensive Urals oil in thirst for sour barrels Details
8Athens rejects 'illegal' Turkey drilling plan Details
8CNG price in Delhi hiked by Re 1 per kg Details
8OPEC, Russia discuss extending oil cuts for 1-2 months: sources Details
8Oil steady as Opec+ considers extension to crude curbs Details
8Oil prices hold ground ahead of OPEC+ meeting on extended output cuts Details
8Trump administration shelves more oil and gas lease sales Details
8Putin, Trump discuss G7 summit, oil markets over phone Details
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ONGC has opened up opportunities for Indian firms in a big way recently
8"It is a move that can make a real difference," an ONGC vendor told this website
8But there is a counter narrative to this point too.
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An offshore E&P construction company has sent out pink slips to its employees.
8People were sacked from its logistics, operations, HSE, and quality control sections, its is learned.
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Bulk of India's LNG imports are oil-indexed
8But a new very comprehensive study seems to show that such contracts serve the seller better than the buyer
8There are lessons here for India Details
With spot prices at below $2/mmbtu, the US LNG terminals are now working at below marginal cost
8Capacity utilization is dramatically down
Find out more on how US LNG supplies can now disrupt the market much more than ever before. Details
Halliburton, Schlumberger and Baker Hughes are the three big oil & gas service provider
8Find out why one of the three is better equipped to rough it out in the aftermath of COVID-19
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Here is a home grown E&P company which has seen a dramatic fall in Q-4 revenues
8But managed to keep its bottom line up
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The Director General Shipping has evolved its own benchmarks for COVID-19 response
 8But are they in line with international benchmarks?
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India's largest private ship owner turns in a profitable year
8Current year is looking up as well
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Find out why LNG is the cheapest hydrocarbon as of now
8Lower than diesel, LPG, VLSFO, coal and crude
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Latest data seems to indicate that suppliers who had initially rejected invocation of force majeure clauses on LNG cargoes by buyers are now being forced to accept them
8India has so far slapped force majeure on 10 cargoes and more notices have been sent on future scheduled deliveries.
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For reference purposes the website carries here the following tenders:
8Hiring of Service of AMC for Repair, Maintenance, Trouble Shooting of Electrical Installations/ Systems, including O&M of DG Sets Details
8Carrying out Civil work at drill Site Details
8Consultancy Services for replacement of CSU at Uran Plant Details
8Civil works for Work over rig at CT-1 & CT-2 Details
8Providing HP Catalyst Screening Unit Details
8Tank Truck holding area at HPCL Unnao Plant Details
8Procurement of Chassis for Refuellers & Dispensers for Aviation SBU Details
8Expression Of Interest for Procurement of Product to build a Customer Engagement Platform Details
8Providing IT Facility Management Services, Centralized Service Desk and other IT services Details
8Technical Consultancy Services for Process & Detail Engineering Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India oil import bill falls 10 per cent to $101 bn in FY20 Details
8Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities Details
8Union Minister Dharmendra Pradhan dedicates 56 CNG stations to the nation Details
8Crude oil prices fall but remains set for biggest monthly gain in years Details
8Baghjan well blowout: Dharmendra Pradhan takes stock of situation Details
8Dharmendra Pradhan envisages home delivery of petrol, CNG Details
8Centre notifies land acquisition process for laying oil pipeline Details
8Fuel prices may rise by Rs 5/litre after daily revision restarts Details
8Govt seeks USD 520 mn from Cairn Oil & Gas; co slaps arbitration notice Details
8Reliance on track to achieve zero net debt: Report Details
8Delhi: IGL may hike CNG price to recover ‘corona costs’ Details
8LPG cylinder prices hiked across India, here are the new rates for different regions Details
8View: Covid-19 will hasten the demise of many oil refineries Details
8Morgan Stanley not given advisory role on Aramco pipeline sale Details
8Oil marketing firm Eighty-Eight oil declares force majeure: sources Details
8Total needs to cover $12 billion shortfall due to crisis: CEO Details
8Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays Details
8OPEC delivers three quarters of record oil cut in May: survey Details
8Oil analysts see prices edging up but still capped below $40/bbl: Reuters poll Details
8OPINION: Could Opec+ become a victim of its own success? Details
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The cancellation of Cairn India contracts with its service contactors is involving force majeure conditions has been the focus of the E&P industry in India
8What are the relevant provisions of the contracts?
8And what are the legal implications? Details
8One big promoter of the Mozambique LNG project, in which the Indian trio of ONGC, OIL and BPCL are involved, will have to indulge in a massive cost cutting spree on account of a big gap in revenues
8Will that impact the project? Details
The Nayara petrochemical tender will be the first to be conducted by the new owners of the refinery
8Find out why there is trepidation among the bidders over the tender
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Get the latest update on the Siliguri-Parabatipur greenfield product pipeline here
8EIL is the EPCM contractor
8The HDD vendor has been selected from out of four bidders
8COVID has impacted tendering.
Find out more on when RFQs for pumps and line pipes are going to come out now. Details
A chain reaction of sorts has been spurred by the cancellation of integrated drilling contracts by Cairn India.
8While one service provider has lodged a $100 million claim on Cairn, the service provider in turn has been slapped with a Rs 120 crore claim by a sub-vendor.
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