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Jul 2021

Despite curbs on Chinese imports, latest data (as of May, 2021) seems to suggest that the Chinese are by far the biggest supplier of project-related equipment.
8In comparison, the US, for example, supplied less than 5% of what the Chinese did
8And not just that, China is also the biggest buyer of project equipment from India, though the trade is lopsided, with imports being 10 times larger than exports.
8Find out which companies are the latest importers and exporters of project material not just from China but from across the world
Click on Reports for more Details
The refinery segment will go through major upheavals going ahead, according to fresh data
8Margins are likely to stay lower for longer, going up from the lows of 2020 (because of COVID) only to begin declining rapidly thereafter till the year 2035
8This makes for interesting reading
Click on Reports for more Details
That the petroleum ministry has failed in its primary aim of getting domestic production up is evident from the fact that crude production has been consistently falling from 2011 onwards. So the new minister is right when he says his priority is to raise domestic production, for that his primary job unlike how his predecessor understood it.
8And this declining trend is showing no hope of reprieve, that is what the latest data seems to show
8Oil and condensate output has been declining since 2013
8Only gas and liquids production showed an uptick for two years before dipping sharply again in 2020 though 2021 may see an increase again
8Total liquids production has been down since 2017
8Against this background, except for 2020, oil consumption has been on the rise since 2010 onwards
Click on Details for more Details
The latest import matrices are carried here for:
8Crude
8LNG
8Chemicals
Click on Reports for more Details
8Energy Saving-cum- Ammonia-Urea Expansion Project
8Cost - Rs 540 crore
Project Event: Critical equipment purchase has been completed, all the equipment has reached site, 50 % of construction work has been completed. The project is likely to be commissioned in December 2021. 
8Single/Triple Super Phosphate Greenfield Project
8Cost - Rs 25 crore
8Project Event: The studies are still ongoing, the proposal for the environmental clearance is likely to be submitted in August in place of May 2021 due to the second wave of Covid-19. RFQ for the local contractor is likely to be released in September 2021. Details
8Electric vehicles are not a threat for CGD companies
8Not for a long time
Click on Details for more   Details
For reference purposes the website carries here the following tenders:
8Production and Supply of Compressed Bio Gas to Oil Marketing Companies across India Details
8Transportation of Bulk POL products MS HSD and Branded fuels by Road Ex Sangrur IRD Details
8Detailed Route Survey for Haldia Panagarh LPG Pipeline Details
8Operation and Maintenance of Fire Tender and Fire and Safety Services for Maharashtra Region Pipeline System Details
8Upgradation of CP System at Ramgargh, Gamnewala and Dandewala Details
8AMC Jobs at LLDPE I, Butene 1 and all Bagging Units Details
8Mechanical AMC Jobs at LLDPE II, New Butene and HDPE I, HDPE II and Flaker Units Details
8Supply of Basket Filter for Usar PDH-PP Project Details
8Procurement of Flameproof LED Lights Details
8Procurement of Measuring Instruments Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Fuel rates continue to soar ; CNG, PNG prices also hiked in NCR Details
8Oil prices stabilise after losses as OPEC+ uncertainty lingers Details
8Cairn wins freeze on India state assets in Paris in bid to recover tax damages Details
8Hardeep Singh Puri takes charge of Petroleum Ministry Details
8Puri will give boost to green economy transition: Ex-UN body chief Details
8CTI urges govt to bring petrol, diesel under GST to reduce fuel rates Details
8Malaysia's Petronas agrees 10-year LNG supply deal with CNOOC valued at $7 bln Details
8Fuel prices hiked on Thursday again a day after petrol breaches Rs 100 mark in Delhi Details
8Cairn Energy secures French court order to seize 20 Indian govt properties Details
8Puri to focus on hiking domestic production as new Petroleum Minister Details
You can also click on Newsclips for more   Details
New EPC tenders are out
8One for a new Vacuum Distillation Unit (VDU), Catalytic De-Waxing Unit (CWDU) for Petrochemical and Lube Integration Project “LuPech”
8And the other for an MS Block (NHT+ISOM+NSU) including Control Room and Octamax Unit
Click on Reports for more Details
NP (20:20:0:13) Fertilizer Expansion Project
8Cost - Rs 220 crore
8Project Event: Nuberg, Furnace Fabrica, and Tuaman Engg are in the race for the supply of Design and Detailed Engineeering, Procurement, Supply, Erection, and Commissioning. Find what the status is of this competition.
Single/Triple Super Phosphate Greenfield Project
8Cost - Rs 30 crore
8Project Event: The proposal for environmental clearance was submitted in June 2018, and the proposal was accepted by SEAC. The project team has been made, Hiring for equipment suppliers is still ongoing. RFQ for the local contractor is likely to be released in August in place of June 2021, due to the Covid second wave. Details
For reference purposes the website carries here the following tenders:
8Providing Data Entry and Upkeep Services Details
8Procurement of Ultra High Pure Zero Air Generator Details
8Integrated ROU digital Management comprising of Pipeline Patrolling of Line Patrol men, CCTV Monitoring of Pipeline Installations Details
8Procurement of Scrubber and Filter Separator Skids Details
8Procurement of Aqueous Film Forming Foam compound Details
8Operation and Maintenance of HVAC Systems Details
8EPCC-4 Package (New VDU + CDWU) for Petrochemical and Lube Integration Project Details
8EPCC-5 Package including Control Room + Octamax Unit Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol price hits century in Delhi as fuel rate hike continues Details
8Rahul Gandhi slams government on fuel price hike Details
863 per cent of tax on petrol goes to Centre, 37 per cent to state Details
8Taiwan's CPC signs 15 year LNG deal with Qatar Details
8Behind the Clash at OPEC: Growing competition in the Gulf Details
8Hardeep Singh Puri to take charge of Petroleum Ministry Details
8Will TAPI gas pipeline project be given formal burial if Taliban wins in Afghanistan? Details
8Ecuador to launch risk-sharing contracts to attract oil investment Details
8U.S. shale firms hesitate to hedge more, despite surge in oil prices Details
8Royal Dutch Shell to boost shareholder returns after oil price rise Details
8Behind the Clash at OPEC: Growing competition in the Gulf Details
8Petrol price crosses Rs 100/litre in Delhi; all 4 metros in league of centurions Details
8HDFC divests 2.46 pc stake in Hindustan Oil Exploration Co Details
8Cabinet Reshuffle: The full list of Modi's new ministers and what they got Details
8The exits: Odds stacked against him, Prakash Javadekar innings comes to an end Details
You can also click on Newsclips for more   Details
One of India's largest offshore rig and vessel suppliers has admitted that the Indian market continues to remain slippery
8The charter rates for both vessels and rigs haven’t yet recovered to profitable levels.
8The utilization of rigs and vessels did take a knock but much less than what was feared but they remained far lower than what is necessary for asset owners to start making a way out of this deep and long depression.
Click on Details for more Details
GAIL is bringing in an LNG cargo from Mugardos
8And the intermediary is Axpo Solutions AG
Click on Reports for more Details
Get the following import matrices:
8Chemicals
8Fertilizers
8Crude
Click on Reports for more Details
More information is still coming in on the 7.2 million tonne LNG terminal at Kakinada
8Find out who is doing the regasification FEED?
Click on Reports for more. Details
There is no immediate worry, it seems, of gas demand faltering due to climate mitigation measures
8According to this estimate, gas demand will only peak in the mid-to-late 2030s, and LNG demand will peak about a decade later.
Click on Reports for more Details
BHEL seems to have run into a bit of a spot when it comes to erecting the Sulphur Recovery Unit in Paradip
8The owner IOC and BHEL, along with its engineering partner EIL, are struggling to find a solution Details
India has multiple fuel delivery systems, battery-operated, CNG, liquid fuels and LNG
8Eventually they will work at cross purposes.
8CNG is currently highly subsidized but battery-operated vehicle subsidies are sought to be made equally attractive like this new state government policy is trying to do
Click on Reports for more Details
It was about time that there was a change of guard in the petroleum ministry.
8And it looks like the Prime Minister picked up significant signals from the ground before making the change.
Click on Details for more Details
8The Indian aviation industry is growing once again
8But it is far from being healthy
Click on Reports for more. Details
A foreign agency has projected how Indian domestic gas prices are going to behave relative to the rest of the world
8The projection period is till 2028
8The projections show low prices perhaps on the premise that policy interventions will not account to much
82022 prices are assumed higher at $4.30 before they start dipping again the year after.
Click on Details for more Details
ONGC is facing a massive squeeze of support vessels.
8So much so that if there is an emergency, there may be trouble.
8Even existing operations are getting adversely impacted to some extent.
Find out what the true story is all about. Details
After Canadian PE Brookfield decided to acquire the East-West trunk gas pipeline from Mukesh Ambani, RIL has two more pipeline interests.
8In one that can ferry up to around 3.5 mmscmd of onland gas, it has already divested a good part of the stake.
8The other however remains a 100% subsidiary of RIL.
 Click on Reports for more Details
Get the latest import data for
8Chemicals
8Crude 
Also, from Liza toTupi, Indian refiners embrace newer crudes to dilute supply risk. 
Click on Reports for more Details
8More work is being taken out by Cairn India (now Vedanta) for its OALP blocks in Assam, Rajasthan and Gujarat.
Click on Reports for more. Details
Dahej has 7 LNG cargoes coming in
8Hazira 5 cargoes
8The other terminals are currently running dry
Click on Reports for more Details
8Project Name: Chittoor, Kolar and Vellore Districts City Gas Distribution
8Project Cost::  Rs 400 crore
Click here for more details Details
For reference purposes the website carries here the following tenders:
8Procurement of Receptacle Combination Box for BCPL Lepetkata Details
8Procurement of Check Valves for M/l & HP Interconnection Project Details
8Director & Liability Insurance Policy Details
8ARC for ROU Maintenance Works and Civil Works Details
8Procurement of Radiant Coil Assemblies Details
8Hiring of Vehicles for Uttar Pradesh Region Details
8Hiring of Vehicles for Uttrakhand Region Details
8Hiring of Vehicles for Punjab Region Details
8Hiring of Vehicle for Harayana Region Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Petrol, diesel price rise paused a day after reaching new highs Details
8Mexican oil giant says no environmental damage from raging Gulf fire Details
8Asian oil buyers fret over margin impact of cancelled OPEC+ meeting Details
8Saudi-UAE tussle could lead to further hike in crude rates Details
8No deal at OPEC to hit fuel consumers badly in India Details
8Oil and dollars: Why the UAE is risking a falling-out with OPEC+ Details
8Indian national, associate jailed for siphoning oil from Shell's Singapore refinery: report Details
8Oil price steadies after tumble as market awaits OPEC+ clarity Details
8Oil India Limited donates 500 oxygen concentrators to Government of Assam Details
8Fuel prices touch record high, petrol hits Rs 100/litre in Delhi and Kolkata Details
You can also click on Newsclips for more   Details
Technimont wins a project
8It is it's sixth project, says company
Click on Reports for more Details
Get the latest import matrices
8Fertilizers (daily)
8Chemicals
Click on Reports for more Details
Most companies commit to carbon neutrality in 2050 but here this Adani company which is committing to the following
8Committed to become Carbon Neutral Company by 2025
8Committed to achieve Zero Waste to Landfill for all the ports by 2025
8Committed to replace Single Use Plastic Waste by 2025
8Committed to carry out mangrove afforestation in 4000 Ha area and terrestrial plantation in 1200 ha area by 2025
Click on Reports for more Details
Almost two-thirds of India’s demand expansion up to 2024 will come from fuel substitution, primarily from liquid fuels to gas.
8Nearly 40% of India’s net demand growth is expected to come from industrial users, while the remaining growth is roughly evenly split between the residential, transport and energy sectors.
8Also know more about carbon offset LNG, get a detailed update on this, who has imported how much
8Spot prices may reach $14/mmbtu by end of the year
 Click on Reports for more. Details
Looks like we got in wrong when it came to award of FEED for Crown LNG's 7.2 MMTPA LNG project off Kakinada
8It did not go to who we thought it went to, instead it has gone to someone else
Click on Reports for more Details
Two pipe manufactures -- Welspun and JSW -- carry a huge amount of clout in the industry
8Also, effectively, they have stopped imports from coming in
8Here is a backdrop on these companies
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Digital Solutions for HSSE, Manpower Monitoring and Inspection Works during NHT-CCR Turnaround in 2021 Details
8Carrying out OFC Maintenance Services LRPL and DGRPL Details
8Trays Engineered for Replacement of Regenerator Column of Gas Sweetening Unit Details
8ONGC goes into geothermal energy: Working at high altitude and high temperatures Details
8Necessary repair of steel work including new works with supply of materials, fabrication, erection and replacing old damaged roofing sheet Details
8Hiring of Wireline Logging Units with Services Details
8Global Expression Of Interest for provision of Reservoir Characterization Services for OALP Blocks in Assam, Gujarat and Rajasthan Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8OPEC+ resumes oil policy talks amid Saudi-UAE standoff Details
8Petrol close to Rs 100 in Delhi Details
8Kolkata: Fuel stations rush to get five-digit display panels Details
8Govt may issue guidelines for 'flex-fuel' vehicles by October Details
8Crude oil futures rise on spot demand Details
8View: OPEC+ stumbles, but an eventual compromise may be bearish for crude Details
8India procures 1 million barrels of crude oil from Guyana Details
8Iraq backs extending OPEC+ oil output cut deal Details
8Mamata writes to PM Modi, urges him to reduce tax charged by Centre on petrol and diesel Details
8India’s natural gas consumption to rise 4.5% in 2021: IEA Details
8OPINION: From cash rich to less cash - The digitisation of fuel retail Details
8India to be second largest driver of gas demand in Asia, pegs IEA Details
You can also click on Newsclips for more   Details
The short-run marginal cost (SRMC) of US LNG exports to the Asian market has risen to about $5.60/mn Btu as of June 2021, up 65% from $3.4/mn Btu in mid-2020 and 30% higher than last year’s average of $4.30/mn Btu.
8Clearly, with spot prices at $12/mmbtu, GAIL cargoes into India can easily turn in profits
Click on Details for more. Details
Currently, we are tracking 6.10 million tonne of crude cargo
8Mumbai seems to have all its three berths empty while vessels are in wait.
8Both BPCL and HPCL unload cargoes at Mumbai for their refineries there.
Click on Reports for more Details
As far as LNG imports are concerned, even now only two terminals are active
8Though Torrent is bringing in a cargo, high priced,, we are sure, but given that it has its own distribution system, it could run its gas-based power plants and still make money. Others will not be able to do so under India's merit order power purchase system
8RIL is bringing a cargo at Hazira
Click on Reports for more. Details
ONGC is looking at geothermal energy
8And looking for EOIs
8Temperatures can go up to 200 degrees C
Click on Reports for more Details
Megha is a newcomer to the downstream industry
8It is a close-knit, closely held company. The owners are furiously publicity shy.
8While Megha is new to some, it has been around in the hydrocarbon industry for sometime, according to the company.
8Will it be hiring more people?
Find out more Details
NPK-TSP-GSSP Greenfield Project 
8Cost - Rs 100 crore
8Project Event: Preliminary work has been activated, EIA studies are ongoing, the proposal for the environmental clearance has been granted in April 2021. and internal discussion is ongoing, RFO for the PMC contractor is likely to be released in September 2021
Sulphuric Acid Expansion Project
8Cost - Rs 100 crore
8Project Event: The company had signed Furnace Fabrica as an EPC contractor, all equipment has reached the site. 99.4 % of construction work has been completed. The pre-commissioning is ongoing, commissioning is likely to be completed in August 2021, due to the impact of the second wave of Covid-19. Details
There are three ways of doing pricing right in the downstream EPC projects
8The Megha way
8The Tata Projects way
8And, the L&T, Technip, Toyo way
Click on Details for more Details
After quoting around Rs 900 crore less than the L-1 bidder in one downstream project, Megha seems to have mastered the art of quoting right, and quoting competitively.
8The current quotes by Megha are competitive and lower than the competitors only by a yard or so.
8Clearly, there is nothing like learning by doing.
Click on Details for more Details
Megha Engineering and Infrastructures Ltd (MEIL) has bagged yet another project yesterday, coming L-1 at Rs 1009 crpre
8This is the 7th win for MEIL in a matter of a few months, establishing the company as the one with the most amount of business, after L&T, in the downstream industry.
8This is indeed a remarkable achievement (get full details of all the seven projects, including competitor bid prices, here)
8But the proof of the pudding is in its eating.
8Everyone will now wait to see how Megha will implement these projects on the ground.
Click on Details for more Details
860 new plants are coming up in this gas cluster
8And this can push gas volumes up significantly
8And because of a mix of lower-priced domestic gas and spot LNG, the price to consumers has been kept below competing fuels
 Click on Reports for more Details
Ethanol blending with petrol is currently well below the 20% mark set by the petroleum ministry
8What is the roadmap ahead, and what is the ethanol industry looking for
Click on Reports for more Details
With the all-round thrust on hydrogen now by big Indian companies, it is necessary to understand the hydrogen landscape better
8Here is a report that provides a lot of clarifications.
 Click on Reports for more Details
The cluster 3 development of the KG-DWN-98/2 will be deeply challenging for ONGC
8It will involve working in is water depths of 2550m to 2850m. Very few companies have worked in these kinds of water depths
8The peak gas production is envisaged to be 19.5 MMSCMD through 9 gas wells (six in UD1, two in UD4 and one in UD5) with a field life of 14 years.
8But has work has begun already.
Click on Reports for more Details
The China-Iran relationship is becoming more enduring
8And this is likely to cause discomfiture in India
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Steel Pipeline Laying and Associated Works for Authorized Gas Details
8Supply of Group III 6 cSt Base Oil to HPCL Mazgaon Terminal Details
8Steel Pipeline Laying and Associated Works Details
8Appointment of MAK Lubricants Distributor in Tanzania Details
8Expression of Interest for enrolling bidders for Long Term Arrangement of Supply of Denatured Anhydrous Ethanol to Oil Marketing Companies Details
8Selection of payment gateway/ payment aggregator services provider for digital payments Details
8Procurement of CAT DE Gas chemical under rate contract of three years Details
8Disposal of Off-Spec Oils at Lubricants Depot Details
8Carrying out Tankage Works at Sadashibpur Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Vedanta to clock a profit of $7 bn in FY 22, plans Capex of $5 bn for 3 years Details
8Gazprom holds back exports via Ukraine, pressing case for Nord Stream 2 -analysts Details
8OPEC+ seeks consensus on oil output policy after UAE roadblock Details
8U.S. drillers add oil and gas rigs for third time in four weeks - Baker Hughes Details
8Russia eyes Mongolia as shortcut to China for supplying natural gas Details
8Pandemic drives sea freight prices to record high with disrupted logistics Details
8ONGC commits to Rs 30,000 cr procurement of equipment and services Details
8ONGC's rating downgraded in line with India's sovereign rating Details
8UAE rebuffs plan by OPEC, allies to extend production agreement Details
8Crude oil price drops as lack of OPEC+ unity hangs over market Details
8Iraqi oil minister says Lukoil, BP keen to stay in Iraq, contradicting earlier statements Details
8Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land area Details
8Centre did nothing in 7 years to control inflation: Rajasthan CM Gehlot Details
8GAIL looks at petrochemicals, renewables for growth Details
You can also click on Newsclips for more   Details
Project Name: Sri Potti Sriramulu Nellore District City Gas Distribution
8Project Cost: Rs 350 crore
Click here for more details Details
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