8Project Name: Hydroelectric Power Station - Biennial Maintenance Contractor 8Project Cost: 4.2 crores 8Project Description: The owner is planning to come out with a maintenance contract for hydro-mechanical and power house (electrical) equipment for its 1600 MW hydroelectric power station. Further RFQ's are expected soon. 8Project Event : RFQs for a biennial maintenance contractor for hydro-mechanical equipments are expected by mid August 2018. 8Expenditure Approval: Q1:2018 8RFQ Date: Aug/2018 8Release Date:Sep/2018 8Start Date:Q1:2019 8Completion Date: Q1:2021 Click here for more information 8Project Name: Thermal Power Station - FGD addition 8Project Cost: 730 crores 8Project Description:The owneris planning the installation of an FGD and retrofitting of ESPs at its 1350 MW Thermal Power Station. Tenders for the same is expected soon. 8Project Event : RFQs for installation of FGD and retrofitting of ESPs are expected to be out by September 2018. 8Expenditure Approval: 2016 8RFQ Date: Sep/2018 8Release Date:Oct/2018 8Start Date:2020 8Completion Date: 2021 Click here for more informationDetails
Despite all the promises, commercial shipbuilding never really took off in India 8As of today, there is no new commercial shipbuilding order by the country's largest ship owner, the Shipping Corporation of India 8Whenever a demand arises, to meet the challenging commercial charter rates prevailing in the market, ship owners are more focused on second-hand ships which are readily available at very competitive prices. 8In addition to the international depressed market conditions, the difficulty to raise the fund from banks for new acquisition and the imposition of GST on the income of ship owners have dampened the interest to increase the Indian fleet. Click on Reports for more
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What are the bright spots in the Indian shipbuilding industry today 8Captive orders from the Indian government agencies is one activity spot 8Increasing Inland and coastal water activity can bring in orders too. 8The ship repair business can produce around Rs 5000 crore of orders if properly tapped. Click on Reports for more
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Divers working in India's coastal waters need to be extra careful. 8Indian coastal waters are getting more polluted, according the latest reports. 8Of the 24 coastal locations where waters are monitored, at least 11 have "poor" quality water. 8The sea water was found to be infested with Escherichia coli and Streptococcus bacteria 8Note needs to be taken by E&P companies working in India's coastal waters. The water further out in the sea is less polluted however. Click on Reports for more
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For a number of years, multinationals have been using India as a hub for low-cost talent. 8However, in the past few years, India has also been recognized for high-quality managerial talent. Indians are starting to occupy major positions across industries such as consumer goods, automotive, pharmaceutical and banking, oil & gas among others. 8Moreover, many such companies are also leveraging local talent for driving innovation through R&D centers. 8In the case of a leading global conglomerate, more than a quarter of their innovations are done by the team in India. Click on Reports for more
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Commercial LPG sales are galloping ahead 8What does it take to set up a LPG filling station? 8How much does it cost and how do the cost-economics work out Click on Reports for more
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Single/Triple Super Phosphate Greenfield Project 8Cost - Rs 30 Crore 8Project Event: The proposal for environmental clearance was submitted in June 2018, The proposal has been accepted by SEAC, the selection process of EPC contractor is ongoing and it is likely to be finalized in September 2018. Click here for more information SSP Brownfield Project 8Cost - Rs 20 Crore 8Project Event: The proposal for the environmental clearance has been accepted and the tender for the EPC contractor is likely to be released in August in place of July 2018. Click here for more information Phosphoric Acid Greenfield Project 8Cost - Rs 10 Crore 8Project Event:The proposal for the environmental clearance was submitted in June 2018, Public hearing has been completed and environmental clearance is likely to be elicited in September 2018. The promoter is looking for local EPC contractor, communication with different EPC contractor is currently ongoing. Click here for more informationDetails
For reference purposes the website carries here the following tenders: 8Supply of Liquid Nitrogen Details 8Calibration of Ultrasonic Flow MetersDetails 8Dig Site Verification for Direct Assessment of Oil Jetty PipelinesDetails 8Supply and installation of purging unit and loop lines for pre O ring detection machines Details 8Procurement of Compressor SparesDetails 8Item Rate Contract for Repairing of LT and HT MotorsDetails 8Supply of Ball Valves Details 8Hiring of Contract Services for Revamping of Earthing System at Compressor Station Details 8Supply of Tower Internals for Vacuum Column Details 8Supply of EMD Chemical Dosing PumpsDetails 8Supply of Pneumatic Chemical Dosing Pump Package Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8A long-term strategy to reduce crude imports Details 8India to launch second oil and gas field auction on August 9 Details 8Colonial allocates Cycle 43 shipments on main gasoline Line 1 Details 8China's Changzhou plans to enforce output curbs in steel, chemical plants Details 8Analysts raise EU carbon price forecasts as market reforms begin to bite Details 8Brazil's Petrobras starts binding phase for sale of Sergipe field Details 8India loaded 12 per cent less Iranian oil in June vs May on sanctions fear Details 8FOCUS: How BP found shale profits with 'crystal ball' oilfield technology Details 8Global crude oil prices slip after OPEC output rises to 2018 highDetails 8US India Gas Task Force designed to help India unleash its own natural gas reserves: Perry Details 8Workers at Total's UK oil platforms stage strike over rotas Details 8Fuel price hike: Petrol, diesel prices rise after falling for two weeksDetails 8EXPLAINER: Why is Saudi halting oil shipments through the Red Sea? Details 8Australia's Origin Energy's APLNG project posts record quarterly revenue Details 8Petrofac to sell 49 pct of Mexican operations Details 8Restrict import of duty free oil from SAARC countries: Traders to Centre Details 8IOC lets contract for clean-fuels projects at Indian refineries Details 8Heartburn for ONGC: For HPCL, majority owner is still the President of India with 0% stake Details 8India loaded 12% less Iranian Oil In June vs May on sanctions fear Details You can also click on Newsclips for moreDetails
8Project Name: Oil Field Development 8Project Cost: Rs 150 crore. 8Project Description New:The private onwer. is expected to come out with an RFQ for hiring an additional drilling rig and a workover rig. The owner's field involves development drilling of 9 wells and laying of an infield pipeline to connect with the nearest production facility (GGS). 8Project Event New: RFQs for hiring a drilling rig and a workover rig are expected by mid August 2018. 8Expenditure Approval: Q4/2017 8RFQ Date: Aug/2018. 8Release Date: Sep/2018 8Date: Q4/2018 8Completion Date: Q2/2020 Click here for more detailsDetails
8Project Name: Drilling Site Development 8Project Cost: Rs 50 crore 8Project Description: Oil And Natural Gas Corporation Limited RFQ for 1 exploratory shale oil and gas exploratory drilling programme is expected soon. 8Project Event: RFQ for the equipment and oilfield chemicals are expected by October 2018. 8Expenditure Approval: Q1/2016 8RFQ Date: Oct/2018 8Release Date: Dec/2018 8Start Date: Nov/2019 8Completion Date: Dec/2020 Click here for more detailsDetails
Laying pipelines in Tamil Nadu is today fraught with risk 8Even the E&P segment is adversely impacted 8Recently protests have emerged in another exploratory drilling site Click on Details for more
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We thank all our subscribers and 20,000 email recipients for their overwhelming support to our website 8We are proud to announce that we ended the first half of the year with a 100% subscription renewal rate. This is unprecedented even by our own exacting standards. 8Today, we have all oil & gas companies and every major EPC contractor, equipment supplier and consultant, at home and abroad, as our clients. 8Interestingly enough, we are finding our subscriptions being taken by companies in diverse fields, such as insurance, catering, medical evacuation, transportation, among others. 8Our newly launched project monitoring software received a huge response, adding significantly to our subscription base. 8We have just launched an extenstive E&P database 8Going ahead, we promise to bring you many more features, including an interactive database, while strengthening our existing products. 8Thank you once again for your continued support and for believing in us Management Team, IndianPetroPlus.ComDetailsDetails
After a court order allowed the L&T-Mcdermott consortium to enter the fray for the offshore process platform for the KG-DWN-98/2 discovery, ONGC is trying very hard to keep the competition alive by giving one of the competitors an unprecedented third clarification round in what has so far been a messy three-horse race. 8The third bidder is a wobbly consortium, led by an aggressive Hyderabad-based EPC player and includes a Turkish EPC company 8But ONGC believes that a third round of clarification, now submitted by the consortium, can add more spice to the tendering process. 8Tender provisions only allow two round of clarifications. 8But was that done under pressure? Click on Details for more
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A fortuitous set of circumstances would have made the Afcons-Sapura consortium an easy winner of the KG-DWN-98/2 process platform contract 8The going was smooth 8But suddenly it finds itself fighting against odds 8Why is that so? Click on Details for more
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What exactly is the timeline for opening of the tender for the offshore process platform for the KG-DWN-98/2 block? 8With so many developments, the tender has already got delayed 8Costs have escalated Click on Details for more Details
One doomsday scenario points at oil prices going well beyond the $100/bbl mark by 2020. 8This pessimistic projection is, however, based on some interesting data centered around the mandatory 2020 deadline for introduction of low sulphur fuels in the shipping industry, not revealed before, that the oil & gas industry must take a look at 8Mainstream analysts debunk this view, however, claiming rather prices may go down by then Click on Reports for more
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Canadian LNG projects have not taken off because the cost economics have not been right 8Strident environmentalism within the country had not helped. 8The economics are still not very attractive, as under different calculations, breakevers are coming out to be higher than currently prevailing oil & gas values 8But a massive effort is being launched to better the economics, using LNG terminals as the benchmark 8Some interesting data is being thrown up in the process Click on Reports for more
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There is some uptick in VLCC rates 8But is it too early to read for signs of revival? 8In any case older VLCCs continue to attract much lower prices Click on Reports for more
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Find out how uncertainty over mandatory low sulphur fuel use regulations are holding back new building orders 8Design and technology parameters are changing rapidly 8There is anxiety in the market Click on Reports for more
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ONGC is looking for new technology for heavy oil extraction. 8It has been encountering unconventional heavy oil reservoirs in some of its onland fields 8The attempt is to find a suitable technology partner for this purpose Click on Reports for moreDetails
The drilling campaign in RIL's R-Cluster development is reported to be starting up 8The rig Rig DDKG1 has been mobilized 8Major contracts for Satellite Cluster development projects are being awarded and development activity is expected to commence in 3Q FY19. 8For the MJ Development, RFPs have been issued for long lead items and a rig. 8Expect more activity coming up Click on Reports for moreDetails
8Project Name: Greenfield Hydroelectric Power Station 8Project Cost: 538 crores 8Project Description: The owner has prepared an EIA report for the 45 MW greenfield hydro power project. Further bids are expected soon. 8Project Event : RFQ for EPC (turnkey) contractor is expected to be out in Q4 2018. 8Expenditure Approval: Q3:2017 8RFQ Date: Q4:2018 8Release Date:Q1:2019 8Start Date:Q2:2019 8Completion Date: Q4:2023 Click here for more information 8Project Name: Thermal Power Station - FGD Addition 8Project Cost: 420 crores 8Project Description: The owner is planning the installation of a Flue Gas Desulphurization (FGD) unit at its 890 MW thermal power station in order to comply with environmental norms and conditions. Further bids are expected soon. 8Project Event : RFQ for supply of FGD is expected to be out by September 2018. 8Expenditure Approval: Q1:2018 8RFQ Date: Sep/2018 8Release Date:Oct/2019 8Start Date:2019 8Completion Date: 2021 Click here for more informationDetails
Ammonia-Urea Energy Saving Project 8Cost - Rs 347 Crore 8Project Event: EOI has already been released for an LSTK contractor in November 2017 but NIT has not been floated yet but it is now likely in August 2018. There has been a delay evolving specifications and also in evaluation. Click here for more information SSP Fertilizer Greenfield Project 8Cost - Rs 90 Crore 8Project Event: RFQ for an LSTK contractor was released in March 2018 and evaluation process is ongoing and the last date for technical, commercial and price bid submission is 20 August 2018 and it is likely to be finalized in August itself. Tender for the equipment is likely to be released in September 2018. Click here for more informationDetails
Oil field equipment prices, particularly offshore equipment prices, have begun their upward climb. 8Equipment purchasers such as ONGC and OIL are figuring that out as bidders are now refusing to extend validity dates for their price bids on the ground that prices have gone up in the interim period. 8Clearly with growing prices, fresh equipment orders have begun coming in globally and major suppliers are now raising prices 8Only marine spreads, such as rigs and OSVs, the rates are likely to stay low for some more time because of a massive supply backlog. Click on Details for more
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Is there a likelihood that the cost of the KG-DWN-98/2 development will scale the $5 billion mark as prices escalate? 8Already some estimates have gone up 8So what exactly is the outlook? Click on Details for more
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8Project Name: Oil Field Seismic Study 8Project Description New:The owner is expected to launch an EOI for 1000 sq km area. 8Project Event New: RFQ for hiring services for the 3D seismic survey is expected by mid August 2018. 8Expenditure Approval: Q2/2018 8RFQ Date: Aug/2018. 8Release Date: Sep/2018 8Date: Q4/2018 8Completion Date: Q4/2019 Click here for more details and key contactsDetails
8Project Name: Oil Field Development 8Project Cost: Rs 100 crore 8Project Description: RFQs for the hiring of an EIA consultant for the development of the oil field will come up. The Field Development Plan for the project has not been approved till now. 8Project Event: RFQs for the hiring of EIA Consultant is expected by December 2018. RFQs for the hiring of rig and other oilfield services are expected by January 2019. 8Expenditure Approval: Q2/2018 8RFQ Date: Dec/2018 8Release Date: Q1/2019 8Start Date: Aug/2019 8Completion Date: Sep/2021 Click here for more detailsDetails
8Project Name: Greenfield Expansion Project 8Project Cost: Rs 30000 crore 8Project Description: PFR consultant selected. RFQ for the DFR consultant has already out. further RFQ is expected to come soon. 8Project Event: RFQ for the surveying work is expected by September 2018. 8Expenditure Approval: Q3:2017 8RFQ Date: Sep/2018 8Release Date: Oct/2018 8Start Date: Q1:2019 8Completion Date: Q4:2023 Click here for more detailsDetails
8Project Name: Depot Expansion Project 8Project Cost: Rs 160 crore 8Project Description: The owner is planning to expand its POL Depot's storage capacity 8Project Event: RFQ for PMC contractor is expected by September instead of June 2018. 8Expenditure Approval: Q3:2017 8RFQ Date: Sep/2018 8Release Date: Nov/2018 8Start Date: Q4:2018 8Completion Date: Q4:2023 Click here for more details, project configuration and key contacts 8Business opportunity for a maintenance contractor: Get key contact here 8The owner is planning to float a bid for short term contract for the civil maintenance work for a pipeline along with compressor and pumping stations in the Punjab region with a tenure of one year. Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Procurement of Pneumatic Operated, Tank Mounted and High Pressure Test Unit Details 8Supply of 120,000 Kg of Tri-Ethylene GlycolDetails 8Carrying out Boiler Water Treatment Program for Hydrogen Generation UnitsDetails 8Carrying out Comprehensive Health Assessment of Coolers and Condensers Tubes Details 8Supply of Gate Globe Check Plug ValvesDetails 8Supply of SS pipes at refineryDetails 8Two Years Rate Contract for Multi Functional Additive Details 8Supply of Ethyl Mercaptan at refinery Details 8Hiring of Consulting Service for Assessment of Level in the Line with People Capability Maturity Model and its equivalent Details 8Hiring of services for mechanical maintenance activitiesDetails 8Procurement of Small Bore IBR Valves Details 8Procurement of Valves Details 8Procurement of Tri-N-Hexyl Aluminium Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Petronet submits proposal to set up $1 billion LNG terminal in Bangladesh Details 8Reliance Industries Q1 profit rises 4% to Rs 9,485 crore; meets Street estimates Details 8U.S. court vacates two permits for EQT Mountain Valley gas pipeline Details 8National rig count up by 2 to 1,048; Louisiana loses 4 Details 8Oil major Total starts production at offshore Angola's Kaombo project Details 8France, Iberia aim for more energy cooperation Details 8Spain dreams big on US gas Details 8Exxon Mobil, Chevron earnings miss expectations, shares fallDetails 8BPCL becomes first oil marketing company to venture into biogasDetails 8Residents claim headaches due to emissions from MRPL plant Details 8Plan to lay LPG pipeline in Punjab being formulated: Dharmendra Pradhan Details 8Developing petrol engines to counter drop in diesel vehicle demand: M&M Details 8Saudi's SABIC CEO says Aramco acquisition talks are only with PIF Details 8Reliance Industries to shut MA oil field in KG-D6 block in September Details 8Plan to green Andaman stuck in red tape Details 8NITI Aayog proposes nodal energy ministry to streamline governanceDetails 8China's apparent gas demand grows 16.8 percent in H1-NEADetails 8Inpex's Ichthys LNG produces first gas off Australia Details 8Japan's utilities crank up oil-fired power in face of heatwave Details 826% of RIL Q1 topline, 21% pre-tax profit come from consumer business Details You can also click on Newsclips for moreDetails
During this ongoing peak season, subsequent to the onset of the monsoons, as coal shortages loom, gas and hydel stations are called upon to fill up the gap 8But this time around, gas-based generation has been much lower than in the previous years 8What really is the cause? 8Is this the beginning of a worrying trend? Click on Reports for more
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Setting up Build Own and Operate (BOO) industrial air production facilities attached to refineries can seem to be a safe business 8But is it? 8In Paradeep refinery, a BOO arrangement took years to sort out the snags as the air supply facility come up earlier than the refinery itself and fixed costs plus returns had to be paid by IOC for several months without taking any inputs. 8A similar BOO model to supply hydrogen gas to a big refinery expansion was commissioned this year 8But high feedstock prices and the lag in passing over energy charges to the refinery owner has dragged down the multinational's profits by quite a few basis points 8The BOO model is safe but not foolproof Click on Reports and Details below for more
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There is too much competition right now among LNG suppliers for them to set up an OPEC-like suppliers' cartel 8But there is now a real threat that a buyers cartel, in which India is also assumed to be an active member, might emerge that can dictate terms to suppliers 8How real is this possibility and what kind of concessions can they extract? Click on Reports for more
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The world is now more bullish about the future of oil than it was for a few years now 8Fresh research seems to show that the advent of electric cars will not dent demand for crude to the extent it was thought off earlier 8It is also important to revisit the timing of battery costs falling to levels that compete with internal combustion engines and how issues surrounding the battery supply chain (e.g., availability of lithium and cobalt) will affect cost, the argument goes on the stress 8In addition, the slow pace at which new mines are opening could slow the rate of battery production and EV penetration. 8The conclusion is that it would take decades and significant policy drivers for the world to transition away from oil. Click on Reports for more
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Find out more on how an international start-up has found work in India to lower the pour point of paraffinic crudes by reliquefying paraffin, thereby improving production and recovery rates and reducing transport costs 8The technology lowers viscosity of heavy oils by increasing API0 gravity and reliquefying any asphaltenes, thereby improving production and recovery rates and cutting costs by reducing need for heat & diluent 8It breaks oil and water emulsions reducing BS&W levels, thereby improving crude oil quality (and price), reducing operating costs as well as pipeline and production equipment corrosion rates Click on Reports for more
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Is the clean energy industry going through some kind of a crisis? 8Despite a fall in unit cost of renewable energy, there has been a decline in renewable energy investment 8The falling cost of per unit renewable cost cannot be the only benchmark of sucess 8Is the warning sign of a deeper malice? Click on Reports for more
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Capex spend by global E&P companies is beginning to look up but it will take a while before the ripples are felt by the rig industry. 8While rig rates will take time to recover, there is robust orders for offshore production projects 8The pipeline for production systems with innovative engineering solutions has picked up significantly Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Spares for MIL Valves at Old Unit of refinery Details 8Supply of Gas Detection TubesDetails 8Supply of Remote Seal type Pressure TransmittersDetails 8Supply of Hydrogen Gas Detector at refinery Details 8Supply of Hydrochloric Acid at refineryDetails 8Hiring of Contract Services for ARC for Maintenance of Cathodic Protection System along Gas PipelinesDetails 8Procurement of Motor Operated Actuator for Gate Valves Details 8Procurement of Instrumentation Cables Details 8Hiring of Services for Annual Risk Assessments of Pipelines Details 8Supply of 5000 Kg of XC Polymer PremiumDetails 8Supply of Multi Functional Additive for Motor Gasoline Details 8Hiring of Third Party Inspection and Certification Services for Integrated SURF and SPS package Details 8Carrying out Terminal Automation System Upgradation Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India and Vietnam can boost cooperation in oil and gas sector: V K SinghDetails 8Iran extends shipping, insurance cover to keep oil flowing to India Details 8Gurmeet Singh takes over as Director-Marketing at Indian Oil Corporation Details 8Petronet LNG net profit up 34 per cent at Rs 587 crore Details 8Punjab approves renewable projects of Rs 100 crore Details 8Ukraine seeks to accumulate 17 bcm of gas for cold season Details 8IOC opts for Honeywell technology for fuels of BS-VI grade Details 8OPINION: India coal imports surge in July, despite advancing pricesDetails 8HPCL cancels Iran oil shipment after insurer excludes coverageDetails 8Oil and gas producer ConocoPhillips boosts 2018 spending, production outlook Details 8APSEZ signs long-term pact with GAIL for LNG facility at Dhamra port Details 8PetroChina Daqing to pay $12 mln fine for price-setting Details 8Chesapeake Energy plans to sell Utica shale stake for $2 bln Details 8Trump's plan for U.S. LNG in Europe to face reality check Details 8BHP sells US oil and gas assets to BP for $10.5 bn Details 8Indian Oil says no to unified tariffs for gas transmission Details 8Adani Ports signs long-term regasification pact with GAIL for Dhamra LNG terminal Details 8Iran offers India insurance to continue oil supply as US sanctions loom Details 8Indian Oil opposes GAIL's unified tariff pitch for gas transmission: Report Details 8CNG to hydrogen-CNG: why switch, and how Details You can also click on Newsclips for moreDetails
ONGC sources have claimed that the bidding process for the SPF and SURF components for the KG-DWN-98/2 development is nearing completion. 8"The competition is healthy and that is going to keep prices low," an ONGC official said 8Find out what is the timeline set by ONGC for the award 8Also know more on the reserve price set by ONGC 8Find out how many bidders are in the race Click here for more details, including key contacts and other project parametersDetails
8Project Name: Trunkline Modification 8Project Cost: Rs 100 crore. 8Project Description:Six companies had participated in the EOI. The pipeline supplies gas from offshore teriminals 8Project Event New: RFQs for hiring an EPC contractor for topside modification for pipeline is expected by December 2018. 8Expenditure Approval: Q3/2018 8RFQ Date: Dec/2018. 8Release Date: Q1/2019 8Date: Q2/2019 8Completion Date: Q4/2019 Click here for more detailsDetails
8Project Name: Brownfield LPG Import Terminal Project 8Project Cost: Rs 800 crore 8Project Event: RFQ for equipment erection work is expected by November 2018. 8Expenditure Approval: Q2:2017 8RFQ Date: Nov/2018 8Release Date: Dec/2018 8Start Date: Q1:2018 8Completion Date: Q2:2021 Click here for more details 8Business opportunity for a risk assessment contractor: Know more 8Gas Authority Of India Limited is planning to float a bid for a risk assessment contractor for pipeline and attendant pumping stations with a tenure of two years. Click on Details for moreDetails
8Project Name: Thermal Power Station - FGD Addition 8Project Cost: 220 crores 8Project Description: The owner is planning to install FGD in 1436 MW thermal power station. Tenders for the same is expected soon. 8Project Event : RFQs for supply of an FGD is expected to be out by Q4 2018. 8Expenditure Approval: Q1:2017 8RFQ Date: Q4:2018 8Release Date:Q4:2018 8Start Date:Q1:2021 8Completion Date: Q3:2022 Click here for more information 8Project Name: Thermal Power Greenfield Project 8Project Cost: 16327 crores 8Project Description: A joint venture company is going on with piling, concreting and foundation activities for the 1200 MW super-critical thermal power station. Further bids are expected soon. 8Project Event : RFQs for office buildings and township package is expected by the end of August 2018 8Expenditure Approval: Q1:2016 8RFQ Date: Aug/2018 8Release Date:Sep/2018 8Start Date:Q4:2016 8Completion Date: Q3:2020 Click here for more informationDetails
The jack-up rig market is becoming robust at a quicker pace than the floaters market. 8Even though crude prices are going up, the rub off on day rates is going to take time Click on Details for more
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8Find out why RIL's GRM will be lower now than before 8Expect a big surge in OIL and ONGC earnings, provided there is no subsidy sharing 8IOC's crore GRM will be nothing much to write home about but inventory gains should make up for it 8Marketing margins of public sector oil marketing companies are going to be under pressure, expected to be down by around 25% 8Expect a lackluster performance from CGD companies as they are finding it difficult to pass on higher costs to customers all that easily 8Petronet LNG fortunes are dependent on when the Kochi Mangalore pipeline is completed. The website has reported that completion is still a long time away Click on Reports for more
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The Indian offshore wind market is opening up but there are lessons to be drawn from the European experience. 8The reverse auction, zero-subsidy offshore model seems to be under stress 8Most winning bidders are unlikely to make money unless electricity prices stay high 8The margins are extremely thin and unless more efficiencies can be extracted in technology, contracting and financing, the going will be tough. 8Additional cost savings of around 20% will have to be extracted till time of commissioning to ensure healthy margins. 8Clearly, these are lessons for India too Click on Reports for more
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Oil & gas production is down in June and for the April-June, 2018 period. 8Technical reasons are attributed for the slowdown 8Higher water cuts, lesser flows, sub-sea fluid line leakages, and inability to extract as much oil and gas from workover and drilling wells Find out more click on Report .
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