Seismic companies are experiencing stress of late. 8COVID-19 means that some companies are not in a position to garner bank guarantees to bid for tenders 8Here is one such company under severe stress, with its working capital limits fully drawn out. And bank balances are at a precarious level. Click on Reports for moreDetails
The European Commission has set an ambitious vision for 40GW of electrolyser capacity within Europe by 2030 to produce “renewable hydrogen” (also known as “green” hydrogen), plus an additional 40GW electrolyser capacity in the southern and eastern neighbourhoods of Europe (e.g. Ukraine or Morocco) from which Europe could import renewable hydrogen. 8Perhaps even more ambitiously, it sets a target for 6GW of electrolysers by 2024. It also notes that the list of potential global investments in electrolysers planned to be operational by 2030 grew from 3.2GW to 8.2 GW over the 6 months to March 2020. 57% (or ca. 4.5GW) of that capacity is in Europe. 8It recognizes that there is a need to build a clear pipeline of viable investment projects, and the European Clean Hydrogen Alliance has been established to promote creation of that pipeline. What are the implications of these announcements globally and for India? Click on Reports for more.Details
8The revolution to make "green" fertilizers using a non-fossil route is finally here 8Two companies are investing a massive $175 million to do so Click on Reports for moreDetails
US LNG cargoes are now out of Indian terminals 8Except for one coming in from Sabine Pass, brought in by BPCL to berth at Dahej in the first week of August. 8A Sabine Pass vessel is usually unviable in terms of price when brought to Indian waters, after the liquefaction cost is included to the Henry Hub price, to which the transportation cost is to be added. 8Unless of course, BPCL has a different logic working while bringing in the cargo Click on Reports for more.
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For reference purposes the website carries here the following tenders: 8Piping/ Structural Works for Bottom Loading Facility of Tank Trucks Details 8Carrying out Building Interior and Finishing WorksDetails 8Supply, Installation & Commissioning of Corrosion Coupon & Er Probe Assembly Details 8Supply of Refractory Air Setting Mortar Details 8Contract for repair and replacement of Draeger make H2S Fixed Gas Detectors Details 8Procurement of Control Valves at refinery Details 8Renewal of Checkpoint licenses Details 8Procurement of Condensate Recovery Cooler Details 8Re-Calibration of various storage tanks as per attached scope of work Details 8Procurement of HV Panel for Barmer Palanpur Pipeline Project Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Praj, ARAI to jointly develop application technology for green fuels Details 8Diesel in Delhi to get cheaper by Rs 8.36 per litre (Ld) Details 8Petrol, diesel prices unchanged for fourth day in a row Details 8Indonesia B40 biodiesel plan back on track as crude oil prices pick up Details 8Oil demand may never recover from COVID-19 crisis, says Shell CEODetails 8Anglo American lowers dividend after 39 per cent profit fall from lockdowns Details 8BJP demands further cut in VAT on diesel, petrol in Delhi Details 8ConocoPhillips posts wider-than-expected loss on oil price plunge Details 8Shell dives to $18.1bn loss on virus-hit oil market Details 8Headache for OPEC as oil market structure signals return of glut Details 8Saudi Arabia may cut Sept crude oil prices to Asia Details 8Profits at India's Reliance jump 31 per cent, beating estimates Details 8Cong, BJP claim credit for pressuring AAP govt into reducing VAT on diesel Details 8Oil prices bounce back from 3-week lows, but economic headwinds loom Details 8Hooda wants Haryana govt to lower taxes on petrol, diesel Details You can also click on Newsclips for moreDetails
8Three tenders -- for the PP, SRU and MS block -- are expected to be reissued by HPCL-EIL combine for the Barmer refinery 8Find out why this is turning to be a difficult exercise
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8KRB falters in starting work at this Rs 540 crore project site. 8Work was meant to start in July and now put off to August 8Commissioning date put off too
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It is a Rs 6000 crore, 3 MTPA Petro-Resid Fluidize Catalytic Cracker Unit 8PMC has been selected 8So is the technology licensor 8And as of now, RFQs for an LSTK contractor is to be floated in October
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Force majeure applications by GAIL, PLL and GSPC have not formally acknowledged by the sellers of LNG. 8Weak demand due to COVID-19 is seen as a weak argument by experts and some Chinese buyers have withdrawn their force majeure notices. 8The ‘litmus test’ is widely understood as a question whether market participants will be prepared to progress their disputes to arbitration if negotiations fail. 8Industry evidence suggests that a recent paradigm shift in favour of arbitration of price review claims is starting to emerge. 8Get a full understanding of what is in store for LNG contracts going ahead, particularly in a situation where the difference between spot and long term contract prices are going to remain wide, juxtaposed with depressed demand. Click on Reports for more.
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There is a lot of commonality between equipment requirements in the downstream oil & gas sector and the fertilizer sector. This is the reason why we provide details of fertilizer projects in this segment. Unlike other sectors, the fertilizer sector is very active, profits are at a high, and enterprises continue to remain bullish of the future. We have been running our fertilizer portal (www.indianfertilizer.com) for the last 18 years and the biggest vote of confidence for us is that all fertilizer companies, big and small are our subscribers, as also many equipment and service providers, are our subscribers. We have a 100% subscriber renewal record. If business is slower in the oil & gas side, there is always the fertilizer industry where you can sell your wares! Ammonia-Urea Energy Saving Project 8Cost - Rs 250 crore 8Project Event: Feasibility studies are still on hold due to the lockdown, and it is likely to be started in August 2020. RFQ for the process licensor as well as LSTK contractor is likely to be released at the end of August or September 2020. DAP Greenfield Project 8Cost - Rs 200 crore 8Project Event: The proposal for terms of references has been accepted and studies are ongoing, proposal for the environmental clearance is likely to be submitted in September 2020.The company is also planning to apply a loan for the project. RFQ for the EPC contractor is likely to be released in September 2020. Cick on Details for moreDetails
8What is the status of the three-member petroleum ministry constituted committee to look in the Oil India Ltd (OIL) blow out in Baghjan? What kind of conclusion is it arriving at? 8This is going to be the report on which heads may roll as the government may end up looking for scapegoats to retrieve a loss of face in the politically sensitive North East. Click on Details for more.
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8Clearly Cairn India cannot do without its key service providers, such as Halliburton, Schlumberger and Baker Hughes. 8And while the earlier model has crashed, Cairn is now trying to sell newer integrated models to the trio for their drilling programmes ahead.
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For reference purposes the website carries here the following tenders: 8Supply of Air Compressor Spares Details 8Supply and Installation of Deep well anode bed for permanent cathodic protection (PCP)Details 8Supply of Furnace tubes and fittings Details 8Periodic testing of underground LPG storage vessels Details 8Construction of percolation wells and recharge pits along with allied piping for installation of 34 numbers of Rain Water Harvesting structure in refinery Details 8Supply, Supervision of Installation of Complete Double Mechanical Seal Details 8Supply of Stripper Reboiler Complete Exchanger Details 8Supply of Heat Exchanger TubesDetails 8Supply of Dimethyl Disuphide DMDS Details 8Appointment of Reseller for I&C Coimbatore Territory Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Punjab petrol pumps go on strike to protest high fuel taxes Details 8Govt extends deadline for strategic sale of BPCL third time Details 8BP, Total not to bid for BPCL; investors weigh inflexible locations, labour laws with mkt access Details 8GAIL in talks with US, Russian LNG suppliers to sweeten long-term contractsDetails 8Occidental in talks to sell $4.5 bln energy asset to Indonesia's Pertamina - BBG Details 8France's Total writes down $8 bln on weaker oil, gas outlook Details 8Oil prices slip as COVID-19 case surge dents fuel demand hopes Details 8Russia's Nornickel draws up ecological targets for bosses after Arctic fuel spill Details 8Praj, ARAI to jointly develop application technology for green fuels Details 8US energy use hit 30-year low during pandemic shutdowns Details 8Suspected gas leak in northern Japan kills 1, injures 17 Details You can also click on Newsclips for moreDetails
This is a Rs 27,000 crore petrochemical project. 8EIL and Fluor have been involved in the initial stages of it, involving project site configurations 8And this is one petrochemical project in which the management is keen to go ahead Click on Details for more.
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The North East Gas grid has a big element of viability gap funding 8Of the total cost of Rs 9265 crore, the viability gap funding is to the of Rs 5520 crore 8But this takes care only of the capex, find out another reason why the pipeline may be a non-starterDetails
8The Unified Tariff draft regulations put out by the PNGRB has unleashed a Pandora's Box of reactions. 8The varying pulls and pressures in the Indian gas sector have come into full play as there are as many people opposing the new regulations as there are supporting them. 8It looks unlikely that a uniform tariff will adopted anytime soon, unless the original proosal is drastically changed. Click on Reports for moreDetails
For reference purposes the website carries here the following tenders: 8Transportation of Bulk POL products MS HSD and Branded fuels by road Ex Vadodara Details 8Transportation of Bulk POL products MS HSD and Branded fuels by road Ex SuryapetDetails 8One Year Standing Order for various Instruments Jobs Details 8Procurement of HDT MOC Fittings Details 8Supply of Compressor Spares Details 8Supply of Oxygen Gas Cylinders on returnable basis Details 8Service assistance for overhauling of Plate-type Heat Exchangers Details 8Supply, installation and commissioning of LPG cylinder filling facility and allied works Details 8Renewal of License subscription of Barracuda-Email Anti spam & Load Balancer Devices Details 8Procurement of Orthoxylene Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Cairn Oil deploys Honeywell Forge enterprise software Details 8RIL to pay up to $3.6 billion for Future Group retail ops: Report Details 8India's oil bill may dip 40 per cent in FY21 on Covid, low rates Details 8Indian refiners cut crude processing as fuel demand dips, margins fade Details 8Govt taking steps to attract FDI in Infra to address liquidity crunch: Gadkari Details 8Baghjan blowout: Expert panel report alleges major lapses by Oil IndiaDetails 8Fuel prices today: Petrol pump dealers on strike; here are petrol, diesel rates on Wednesday Details 8End game for oil? OPEC prepares for an age of dwindling demand Details 8Auto fuel price rise checked for second consecutive day Details 8OPINION: U.S. crude floods into Asia, but it's a once-off phenomenon: Russell Details 8Nigeria’s crude oil earnings under threat as India oil imports hit 10 year low Details You can also click on Newsclips for moreDetails
The fertilizer industry has a robust pipeline of projects. 8Here is a Rs 2000 crore DAP/NPK- Phosphoric Acid & Sulphuric Acid Greenfield Project project, where preparation for environment clearance is currently ongoing. 8Here is a Rs 262 crore energy saving project. All the erection and installation work has been completed, the pre-commissioning is ongoing, commission is likely to be completed in August in place of April 2020 due to COVID-19. Details
Another IOC LNG shipment has been found waiting to berth, this time in another terminal. 8Surprisingly, even as the economy is supposedly reviving, the number of shipments lined up for Indian LNG terminals is rather thin. This could possibly be a tank full problem. IOC sources were not available for comment. 8But hopefully the trend will pick up going ahead. Click on Reports for moreDetails
8Cairn India has developed a new, short term strategy to deal with vendors. 8"It is a rather strange way of behaving," a vendor told this website. 8Vendor, meanwhile, are refusing to participate in these tenders. Click on Details for moreDetails
Project Name: Greenfield LPG Bottling Plant Project 8Project Cost: 300 crores Click here for more details, including when RFQs are coming, as well as key contactsDetails
DAP/NPK Greenfield Project 8Cost - Rs 100 crore 8Project Event: PDIL is conducting the Techno-Economic Feasibility Report. RFQ for the EPC contractor is likely to be released in September in place of August 2020 Click here for more details GSSP/GBSSP/GZSSP/GPG/BSP/BSG Expansion Project 8Cost - Rs 48 crore 8Project Event: The proposal for term of references has been granted and proposal for the environmental clearance is likely to be submitted in August 2020. RFQ for the EPC contractor is likely to be released in September 2020. Click here for more details Available through www.indianfertilizer.com)Details
COVID-19 is a game changer for the oil and gas sector. 8It is unlikely that it will be business as usual ever again. 8There is an underlying transition going on as well, from carbon intensive to a less carbon emitting world. 8Companies like ONGC may have to adopt sooner than later to the new reality as would entities such as IOC or RIL 8Here are a series of deep insights about how the world is changing and what it will mean for all of us in the industry. Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Procurement of Personal Protective Equipments at refinery Details 8ARC for Operation and Maintenance of Heavy EquipmentsDetails 8Supply of Compact Substation at refinery Details 815 Km Coating refurbishment with Cold Applied Tape Details 8Procurement of Studs with Nuts Details 8IRC for Telecom Services in KG Basin Details 8Procurement of Lab Chemicals and Solvents Details 8Supply of Pipes CS EFW 16 inch and 20 inch Details 8Service Assistance Contract for Mechanical, Civil Maintenance in Plant and Non-Plant areas Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8IndianOil, Total form JV for high-quality bitumen derivativesDetails 8Secunderabad: Change in lease policy to help PNG project Details 8Diesel price crosses Rs 80 in Mumbai, Thane & Navi Mumbai Details 8No DBT on subsidised LPG for 3 months due to favourable oil market Details 8Two months since Baghjan gas blowout, final preparations for capping on Details 8BPCL offers VRS to employees ahead of privatisation Details 8Fuel pump owners in Punjab to shut shops on July 29 to protest against high tax rates Details 8Chemical & petrochem segments have huge investment potential in India: Deloitte India Details 8Fuel pump owners in Punjab to shut shops on July 29 to protest against high tax rates Details 8Petrol, diesel price rise on hold again Details 8Cairn Energy to pay special dividend after $400 mln Senegal interests sale Details 8OPINION: A global economy that runs on crude Details 8Pipeline blast halts gas flows from Bulgaria to Greece Details 8Trump to discuss energy, tour oil rig, raise money in Texas Details You can also click on Newsclips for moreDetails
8A look at the petroleum products consumption data for June 2019 shows an improvement, with overall consumption down just 7.5% from the same month last year. 8But this figure hides more than it reveals.
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Before the PNGRB chairman retires in December, the gas sector is likely to see some drastic changes 8Existing CGD players may see some gloomy days ahead and it may not be just because marketing exclusivities are coming to an end. There are other factors at work too 8All players on all sides are likely to be impacted, some adversely, some not so adversely. Click on Reports for more.Details
It is a Rs 9000 crore petrochemical project. 8The PMC has been selected. Basic engineering has been done. 8And yet, the project seems to be at a standstill. Click on Details for more
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The recent PNGRB order on GAIL to stop supplying gas to smaller factories will benefit Gujarat Gas. 8But by how much? 8Gujarat Gas had been losing market share to competing volumes. Will fresh NGT orders on polluting industries help stem this slide? 8Also, by how much has gas demand from Morbi recovered since the lockdown? Click on Reports for more.Details
8Stranded seafarers have not become a big problem globally. 8Their plight is being highlighted across the world but solutions are still not at hand Click on Reports for more.Details
For reference purposes the website carries here the following tenders: 8Procurement of Spares of Valves and Actuators for NHT-CCR Unit at refinery Details 8Integration of different systems of IOCL and OMC at Haldia TerminalDetails 8Supply of Detachable Type Wet Conveyor Chain and Associated Spares Details 8Supply, installation and commissioning of UPS and Battery bank at BKPL HQ Barauni Details 8Environmental Quality monitoring at PS-3 (Jorhat) RS-1 & 2 under PS-3 and at Numaligarh for three years Details 8Civil, Electrical and Mechanical Jobs for development of New Retail Outlets and Modernization of Existing Outlets Details 8Request for Information (RFI) for Production Enhancement Model for Large Fields (Geleki and Kalol Fields) Details 8Site Enabling Works for Polyols Petrochemical Project Details 8Selection of a Bidder for Omni-channel Intelligent Automated Response and Notifications Platform Procurement, Deployment, Maintenance & Support Details 8Three years ARC for CP System Maintenance Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Reliance overtakes Exxon to become world's 2nd most valuable energy firmDetails 8Over 10 cr free LPG cylinders delivered as COVID-19 relief Details 8June oil imports lowest in nearly nine years; none from Venezuela Details 8Why Modi govt not building planned strategic oil reserves, asks Moily Details 8Indian Oil Corporation told to pay Rs 25 crore pollution compensation Details 8State-run gas utility Mahanagar Gas increases CNG prices by Re 1 to Rs 48.95/kg Details 8BPCL offers VRS to employees ahead of privatisation Details 8Fuel pump owners in Punjab to shut shops on July 29 to protest against high tax rates Details 8Dozens of queries show investor appetite for India oil firm sale Details 8Domestic crude oil production contracts 6 per cent in June Details 8Mumbai: Rs 1 hike for CNG, will hit autos, taxis and buses Details 8BPCL to restart 200,000 bpd Kochi crude unit by end-July Details 8Punjab dealers to shut petrol pumps on July 29 Details 8Petrobras, Karoon agree on changes to terms of $665 mln sale of Baúna field stake Details 8Oil slips as rising coronavirus cases, U.S.-China tensions weigh on markets Details 8Trump to discuss energy, tour oil rig, raise money in Texas Details 8China imports more oil from Saudi than any other country in June Details 8UAE's Dana Gas appoints financial adviser for Islamic bonds Details 8China pressurises Vietnam to cancel, compensate offshore firms operating in South China Sea Details 8Gas-based power generation to grow at double the pace of demand growth: Morgan Stanley Details You can also click on Newsclips for moreDetails
What is the schedule ahead for LNG vessels coming into India? 8After a considerable wait, IOC has been able to berth a tanker at Ennore 8Mundra has seen a LNG discharge 87 vessels are linked up for Dahej 8And 3 at Hazira Click on Reports for more
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8HPCL-EIL are pushing L-1 contractors really hard to reduce prices for the Barmer refinery project 8The vendor base of the EPC contractors are facing the pinch Find out more
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Ammonia-Urea Energy Saving Project 8Cost - Rs 100 crore 8Project Event: 99% erection and Installation work have been completed, the installation of HRSG & GTG have been completed. Pre-commissioning is ongoing, commissioning is likely to be completed in August in place of April 2020 due to COVID-19 impact. Click here for more details Single Super Phosphate Greenfield Project 8Cost - Rs 10 crore 8Project Event: The project is still waiting for environmental clearance and it is likely to be granted in August 2020.The tender for an EPC contractor is likely to be released in September 2020 in place of April 2020 due to COVID-19. Click here for more detailsDetails
It is a Rs 7500 crore refinery construction site. In March around 4 months of work was left to be completed. Around 4500 workers were on site 8But the lockdown changed everything. 8Find out what kind of havoc the virus had wrought on this construction site.
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8HPCL-EIL has put off the last date for submission of bids for the EPCC -08 package 8But this raises a critical question that never found an adequate answer earlier.Details