The jack-up rig market rates are expected to keep pushing ahead 8Core countries are drilling significantly more today 8What is more, jack up rig intensity is going up. In 2000, 2 jack-ups were needed for 1m/day production, in 2019, 12 Jack-ups needed for 1m/day production 8Market utilization continues to move upwards Click on Reports for more
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The PSV and AHTS market rates do not seem to be showing signs of going up 8There were a total of 38 vessels which were quoted for a tender floated by ONGC for OSVs, AHTSs and PSVs. Price bids are expected to be opened in the first week of September before the 120 day validity period expires. 8With Tag Offshore going under, and with its unmanned vessels now hampering ONGC's rig activity, is there a case made out for a quality-cum-price yardstick to be applied for these vessels as well, as was introduced for jackup rigs?Details
Get an update on the Rs 150 crore Harsidhi greenfield LPG Bottling Plant Project 8Optech Engineering Private limited as a PMC contractor 8More RFQs are ahead Click here for more detailsDetails
Indian Oil Corporation Ltd had go the field in 2016. 8It will be on the the lookout for an EIA consultant and more RFQs going ahead but the process that was meant to have started in the middle of this year has got delayed Click here for more detailsDetails
Work on the Rs 702 crore greenfield LPG cavern storage project is expected to begin soon 8The EIA report was prepared by RITES 8PMC selection process is currently on Click here for more detailsDetails
For reference purposes the website carries here the following tenders: 8Survey using HRSI and other Project Activities for upcoming Pipeline Projects Details 8AMC for OFC laid along the pipeline and in city areas under VSPL Jurisdiction Details 8Mechanical Repair, Maintenance, Modification and Testing jobs of Storage Tanks Details 8Hiring of Services for Transportation of 12000 MT Propylene Details 8Hiring of services of expert maintenance agency for overhauling of BHEL make Lean Gas Compressor drive Turbine Details 8Pipeline Laying and Terminal Works for OMPL Connectivity Details 8Construction of Pipe Yard at Neepco Plant Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Bengaluru to have mega tower powered by electricity generated using natural gas Details 8ONGC sets up a euro medium-term note programme of $2 billionDetails 8Dharmendra Pradhan to lead business delegation from energy sectors in Moscow Details 8Ashok Gehlot to attend tenth anniversary event of oil terminalDetails 8Petrofac expects 2020 sales fall as bribery probe weighs on orders Details 8Oil prices hold gains after U.S. inventory drawdown Details 8Saudi Aramco sets Sept propane price at $350 a tonne Details 8BP's departure could leave a big hole for Alaska nonprofits Details 8Israeli energy firm Delek Q2 net profit up 12 per cent Details 8Crude oil prices up on firm global cues Details 8Iraq's southern oil exports average 3.482 mln bpd so far in August: Oil officials Details 8Croatia awards licences for gas and oil exploration in north-eastern region Details 8Merkel and Putin agree need to speed gas talks Details 8China to extend unconventional gas subsidies and include tight gas: PetroChina exec Details 8Russia's Gazprom starts filling China-bound pipeline with gas Details 8OMV says Nord Stream 2 pipeline project can still be built within schedule Details 8Vietnam's PV Oil sells Rang Dong crude to Binh Son refinery Details You can also click on Newsclips for moreDetails
The name of Mecon Ltd keeps cropping up in oil & gas contracts of all kinds 8The company has a capable work force 8And it has expertise for all kind of work Click on Reports for moreDetails
8A dual bonanza from a step-change in competitiveness – greater complexity at refineries – and a structural uptick in global refining margins (GRMs) is set to light up Indian oil marketing companies (OMCs). Click on Report for more. 8The charter hire market for crude vessels is looking brighter ahead. Click on Report for more. 8Great Eastern Shipping: Multi-platform supply vessels continue to suffer from low utilization rates. Click on Report for more.
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Ammonia-Urea Energy Saving Project-II 8Cost - Rs 234 crore 8Project Event: The engineering studies are ongoing and RFQ for the LSTK contractor is likely to be released in October 2019. The project is likely to be completed in December 2020. Click here for more details (through indianfertilizer.com) Ammonia-Urea Energy Savnig Project 8Cost - Rs 200 crore 8Project Event: Basic engineering and Detail engineering have been done by KBR and Tecnimont. 98 % Erection and installation of mechanical equipment have been completed. The project is in the initial phase of commissioning, The commissioning is delayed by one month due to delay in the construction. Now the commissioning is likely to be completed by September 2019. Click here for more details (through indianfertilizer.com) Details
Although quite a few companies turned up for the pre-bid meeting, only two bidders emerged a bidders for ONGC's Offshore Living Quarters Platform Development project 8There was some surprise over the fact that UAE-based NPCC, always thought to be a strong contender, dropped out. Click on Details for moreDetails
8ONGC has selected its own subsidiary as the partner for procurement of high speed diesel for the entire eastern offshore asset Click on Details to know who were in the race
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Oil India Ltd (OIL) will be able to keep its fields from being offered under Production Enchancement Programme if it tries hard, it is learned 8For now, only two fields from the company are on offer against 64 of ONGC Click on Details for moreDetails
Who is likely to be the next CMD of BPCL? 8The current incumbent, Suraiswamy Rajkumar, will retire on August 31, 2020 8The PESB has set October 15 for applications to come in 8Also, director refineries, Ramamoorthy Ramachandran, will retire on the same day as Rajkumar, and applications have been sought for his replacement too Click on Details for more on who are the favorites for this job.Details
For reference purposes the website carries here the following tenders: 8Supply, Installation and Commissioning of Complete CSSD Details 8Automation Works at LPG Plants Details 8Transportation of Bulk Bitumen by road in Tank Trucks Details 8CNG Transportation by LCVs in Jind and Sonipat Details 8Works for Bottom Loading Facility of Tank Trucks Details 8Grid connected Solar PV Plant Details 8Contractor Built, Owned and Operated Bitumen Packing and handling Plant Details 8CDU II Heaters Ceramic Fibre Module Replacement Jobs during shutdown Details 8Charter Hiring of Workover Rigs Details 8Hiring of services for 2D & conventional 3D seismic data acquisition Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Govt mulling Rs 5,400 cr funding to Northeast gas grid Details 8ONGC CMD honoured with Distinguished Fellowship of IOD, 2019 Details 8Indian Oil Corp plans $28 billion investment by 2023-24: ChairmanDetails 8India's 2nd largest single-site oil refinery in Jamnagar gets CISF security cover Details 8India keen to import more LNG from Australia but wants affordable pricing: Pradhan Details 8Dharmendra Pradhan meets Australian Minister; discusses strengthening energy ties Details 8IOC says supplying to Air India only on daily cash payments Details 8Mexico reaches deal with private gas pipeline firms Details 8Urals crude oil loadings from Russia's Baltic ports in Sept revised up to 6.1 MT Details 8Oil Search says loading liquids at Gulf of Papua at reduced rate Details 8Platts to add new pricing LNG assessment in Singapore Details 8Dutch to end Groningen gas production quicker than predicted Details 8Noble Energy makes gas discovery off Equatorial Guinea: Minister Details 8Mexico reaches deal with private gas pipeline firms Details 8Oil prices pegged back by mounting concern over US economy Details You can also click on Newsclips for moreDetails
It is a Rs 6877 crore petrochemical project 8Capacity 3 MMTPA 8The technology supplier has been selected 8The PMC has been selected 8Project Event:RFQ for the equipment is expected by mid of Sep 2019. Click on Details for moreDetails
Find out what is the latest update on the 10 MLD Rs 260 crore Uran Gas Processing Plant Desalination unit 8The tender closed in January 8The technical and price bid evaluations have been completed Click on Details for moreDetails
It is a big ONGC project, worth over Rs 400 crore, involving a secondary tank farm and ETP construction 8Fabtech is the EPCM 8Commissioning is now proceeding Click on Details fo rmoreDetails
The EPC contractor in a 2G Bio-Refinery project is gearing up to float equipment RFQs soon 8"Most likely the RFQs are going to be sent out in October," the contractor confirmed Ckick on Details for moreDetails
There is hurtburn in ONGC over dry development wells in the KG-DWN-98/2 8An exercise is on to investigate the decision making process that lead to the identification of locations where these wells were drilled 8So given the missteps, is a December 2019 deadline still on for first gas? 8January bills have not been cleared till now, vendors have been heard complaining. Click on Details for more
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It looks like the demand for deregulation of the gas sector has gained a lot of momentum, so much so that changes are all but inevitable. 8There is now a demand for a technical service operator like POSCO is for the electricity sector 8A gas bulletin board has been demanded to enable all players to get full data on the pipeline grid. Bookings can be done digitally then 8Standard GTA is another plea, with capacity booking on a reasonable endeavor basis 8Integrated tariff for all is the new mantra 8The introduction of incentivizing efficient and timely development of pipelines should also be a policy offering, it has been suggested 8Clearly, all of this will surely need splitting up monopoly supplier GAIL's transmission and trading arms. There is no getting away from it Click on Reports for more
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The ball seems to have been set rolling for a renegotiation of the long term contracts for LNG 8Forced by the huge differential between spot and contract prices, and to be spared charges of inaction and consequent loss later, the government seems to be moving in the direction of ordering the opening of renegotiations of oil-indexed gas contracts. 8A perusal of US LNG contracts also show that spot LNG prices are way lower than long term contracts of the kind entered by GAIL but unlike with other LNG suppliers, the US contracts are not oil-indexed but carry a fixed regasification charge which are going to be difficult to renegotiate Click on Details for more
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Sulphuric Acid Expansion Project 8Cost - Rs 100 crore 8Project Event: The project is in the initial phase of commissioning. 95 % of installation work has been completed. There has however been a delay of two months from the targeted date Click here for more details (available through www.indianfertilizer.com)Details
Phosphoric acid Expansion Project 8Cost - Rs 130 crore 8Project Event: The purchase of a long lead item is ongoing. The company's internal engineering team is doing the PMC work. Construction is likely to start by end of September 2019 and commissioning is likely to be completed in March 2020 Click here for more details (available through www.indianfertilizer.com)Details
Through a controversial order, the PNGRB may have tripled the tariff rate for the East-West gas pipeline before the Canadian super fund Brookfield did a deal with RIL promoters for its takeover. but eliciting the tariff hike, which helped value the pipeline at Rs 17.240 crore, may turn out to be the easy part of the deal. 8There are new regulatory changes in the pipeline segment which are now at work that Borookfield may not have anticipated, 8 Will the valuation seem a tad too high on hindsight? Click on Details for more Details
For reference purposes the website carries here the following tenders: 8Enlistment of Consultants for evaluating M&A opportunities in Renewable Energy Details 8Hiring of services for Cathodic Protection Survey in KG Basin Details 8AC Interference Mitigation of Maharashtra Pipeline Network Details 8Procurement of Heavy Weight Drill Pipes Details 8Construction of HSD Floating Roof Tank at Manmad Installation Details 8Schedule of rates for various jobs undertaken by BPCL Engineering & Projects Entity , LPG SBU and Pipelines Entity Details 8Supply of fire water pumps at Dharmapuri Terminal Details 8Supply of MCB, ELMCB, RCCB and RCBO Details 8Requirement of 3D Scanning of existing FCC Unit Details 8HPT and reconditioning of DCP vessel mounted on Fire Tenders Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8GAIL to spend Rs 751 crore to add new unit at petrochemical complex in Uttar PradeshDetails 8HPCL buys over 120,000 T gasoline for Sept-Oct delivery, seeks more Details 8Record jump in India’s crude oil imports from Iraq, Nigeria, Saudi Arabia, and US Details 8Rosneft looks at raising bet on India ahead of Modi’s Russia visit Details 8India’s bio-diesel blending for road transport to remain muted in 2019: US Dept of Agriculture Details 8Oil rig decommissioning in Rio to cost $12 billion in five years Details 8Oil services firm TechnipFMC to split into two publicly traded companies Details 8Sri Lanka to start oil production in 2023; Total, Equinor to study potential Details 8Kazakhstan's oil exports to China fall by 22% in Jan-July Details 8Crude oil futures up on global cues Details 8Egypt's EGAS offers three LNG cargoes for September Details 8China's CNOOC to start Tianjin-Inner Mongolia pipeline follow-up project in Sept Details 8Germany's MiRO oil refinery plans FCC restart in two weeks Details 8BRIEF: Eni awarded West Ganal exploration block in Indonesia Details 8Ukraine winter season gas reserves rise to 17.8 bcm Details 8Kenya ships first-ever export of crude oil Details 8French oil major Total signs asset transfer deals with Qatar PetroleumDetails 8Sri Lanka to start oil production in 2023; Total, Equinor to study potential Details 8Oil rises as drop in US inventories eases recession worriesDetails You can also click on Newsclips for moreDetails
The requirement is for one 1000 HP mobile drilling rig 8Four companies are in the race 8More RFQs are expected ahead in this Rs 370 crore drilling programme Click on Details for moreDetails
The Rs 100 crore expansion of a Group Gathering Station is nearing completion at Gamji in Gujarat 8The unit is to be commissioned next month Click on Details for moreDetails
The owner just can't seem to decide how to handle this 3000 HP drilling rig contract 8Already five extensions for bid submission has been given Find out more on those who are responding to the tender Details
A Rs 100 crore lube oil greenfield pipeline project from a refinery to a delivery point is coming up 8Capital approval is expected by September 8EIA studies are currently ongoing 8EPC contractor RFQ is expected in October Click on Details for more
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Battles lines are being drawn over a proposal to have a unitary tariff for HVJ, DBNPL and CJHPL trunk gas evacuation networks 8The transporters are opposed to it. Some customers are too 8But the regulator is now getting flooded by a whole of others who are in support of the proposal Click on Reports for more
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The latest data shows a sharp increase in E&P project sanctions 8The data shows the increase is 50-100%, which comes on top of an expected general increase in activity levels related to exploration and maintenance 8Then again, the OSV market recovery is being led by younger vessels, with utilization for vessels built after 2009 showing a steady improvement since bottoming in 2017 8AHTS and PSVs built after 2009 have seen utilization increase from 51% and 59% to 63% and 72% respectively 8Utilization for vessels built before 2009 on the other hand has remained relatively flat at 41% for AHTS and 39% for PSVs 8How ONGC can factor this data into their contracting processes remains a moot point however Click on Reports to know more on how the OSV and PSV markets are closer to recovery than it appears
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India's crude import from the US has many subtle nuances unseen through normal eyes. 8There is an argument going around that Saudi Armaco's equity investments in India are prompted by a desire to find captive demand at a time when US exports to India are rising rapidly 8But the Indian shipping industry is going to be adversely hit 8There are other implications too Click on Reports for moreDetails
Ammonia-Urea Energy Saving Project 8Cost - Rs 250 crore 8Project Event: The feasibility studies are ongoing, RFQ for the process licensor as well as LSTK contractor is likely to be released in November 2019. Click here for more details (Go to www.indianfertilizer.com)Details
Phosphoric Acid & Sulphuric Acid Greenfield Project 8Cost - Rs 1800 crore 8Project Event: The Company is in discussion with phosphoric acid process licensors for the supply of basic engineering package based on which the company proposes to execute the project on EPC basis. The finalization is due at the end of September 2019. Simultaneously the Company is in final discussion with rock phosphate suppliers for execution of Memorandum of Understanding (MoU) to ensure availability of rock phosphate on a long-term basis. Click here for more details (Link via www.indianfertilizer.com)Details
Oil India Limited has awarded the Sucker Rod Pump contract recently. Three companies were in the race 8Baker Huges Singapore Pte 8Weatherford Oil Tools 8Schlumberger Solutions Private Limited Know more about who ran away with the contractDetails
This Rs 3300 crore onland exploration drilling plan has stalled 8It is stuck in wildlife clearance 8RFQ releases only after final approvals are elicited Click on DetailsDetails
It is a Rs 250 crore project 8A big chunk of the order for composite works (Civil, Electrical, Instrumentation and Mechanical) was given to a contractor recently for Rs 56 crore 8There were five bidders in the race Click on Details for moreDetails
The private sector promoter is bogged down at the moment 8But it is not giving up on its plans for a Rs 1500 crore greenfield FSU LNG terminal to be expanded in phases. 8In fact, the RFQ for a PMC is expected in October, 2019 Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Supply of Bundle Puller/ Extractor in refinery Details 8Overhauling & Testing of Heat Exchangers and Finfan coolers Details 8Supply of Premium Tubings with attachments and Cross-overs Details 8Hiring of Comprehensive Annual Maintenance services including supply of Mandatory spare parts and Non Mandatory spare parts Details 8Hiring of Services of Mobile Steam Generator Unit Details 8Over Head Equipment jobs at Railway Siding Project Details 8Supply of Heat Exchanger Tubes Details 8Charter Hire of Effluent Treatment Plants and Management Service for on-shore drilling operation Details 8Procurement of KPCL make Spare for Air compressors Details 8Engaging Agency for conducting EIA, Public Hearing and Obtaining Environment Clearance for Onshore Development and Production of Oil Details 8Charter hire of Safety/ Multi Support Vessel Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India could review long-term LNG contract prices: Oil minister Pradhan Details 8Saplings planted at Goa fuel pump to absorb harmful petroleum fumes Details 8Centre reducing allotment of kerosene to Tamil Nadu: Food minister Details 8Indian firms looking at fresh Rs 5 lakh crore investment in natural gas: Pradhan Details 8Multiple time-consuming clearances creating hurdles for CGD players: D K Sarraf, chairman, PNGRB Details 8BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in AP Details 8Pradhan says Rs 1.2 lakh cr investment planned for city gas network expansionDetails 8Jharkhand PNG pipeline hits forest clearance, land acquisition hurdle Details 8India offers 7 oil, gas blocks for bidding under OALP-IV Details 8Fuel supply ban due to fund issues, not performance: Lohani Details 8Lift ban on Iran oil sales to India, urges Emmanuel Macron Details 8Indonesia awards West Ganal exploration block to Eni consortium Details 8PDC Energy to buy SRC Energy for $971 mn in cash pushDetails 8OPINION: Recession may be the key to ending Trump's trade war with China Details 8No progress made persuading Trump to ease oil waivers at G7: European diplomat Details 8Australia's Viva Energy posts a 43.4% drop in H1 underlying profit Details 8Caught in tariff war, Sinopec seeks waiver for imported U.S. oil: sources Details 8Iran says it has sold oil from ship freed by Gibraltar Details 8One empty chair at G-7 climate meeting: Trump's Details You can also click on Newsclips for moreDetails
The oil & gas industry seems to have taken to the Chinese in a big way 8Slowly yet inexorably, the Chinese are making headway in all kinds of projects 8Get a list of supply contracts that the Chinese have bagged recently 8Going ahead, will these companies continue to get free play in Indian contracts? Or will brakes be imposed? Click on Details for moreDetails
GAIL is planning to diversify out of the existing gas pipelines to non-gas pipelines 8A concept note as been floated and a consultant has been appointed Click on Details for more
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How do you handle an application for a captive pipeline which a gas buyer wants to set up from a gas supply source when the area is allocated to a CGD company? 8This difficult question will now have to be answered, given that the CGD entity is opposed to the construction of this short 3.5 km MDPE pipeline Click on Reports for more
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More candidates will be in the fray for the GAIL CMD post now that B.C Tripathi was retired six months in advance 8Those who were earlier not eligible, and did not have the requisite 2 years will now be able to apply by the September 23 deadline set by the PESB Find out more
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For reference purposes, the website carries here the list of public sector contracts awarded in June and July, 2019 The data is given in terms of 8Tenders canceled, corrigendums issues 8Tenders awarded Click on Reports for moreDetails
Indian buyers of Venezulean crude will now have to be extra careful as fresh US sanctions may make it difficult to to continue buying crude 8Russia is gradually taking over as the main trader of Venezuelan crude 8Even so, fresh US sanctions are likely to hit further Click on Details for more
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For reference purposes the website carries here the following tenders: 8Procurement of High Pressure Test Units Details 8Gas Sale from Kanjirangudi & Palk Bay Shallow Fields Details 8Supply of Well Head Pressure Control Equipments Details 8Supply, installation & commissioning of Level Transmitter for oil storage tanks Details 8Providing rest room for tubular yard at TVAX drill site Details 8Emergency Pipeline Tapping Repair Jobs for Pipeline Section Details 8Supply of Bottom Loading Arms, Vapour Recovery Arms, Rack Monitoring Units and associated items Details 8Supply of Compressor Rotary Lobe/ Vacuum Pumps Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Major scam in 'Ujjwala Yojana' unearthed, cylinders found in bushes in UP's Balrampur Details 8Tussle on over global oil assets of Videocon Details 8Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil firms Details 8ONGC to drill 46 wells in Mehsana Asset at the cost of Rs 500 croreDetails 8Mauritius ends fuel purchase deal with India's MRPL: sources Details 8Air India fuel dues at Rs 5,000 crore, airline ignored warning: Oil companies Details 8Need more time, subsidy for PNG switch: Gurugram factory owners Details 8Jharkhand CM to launch supply of CNG on FridayDetails 8Stoppage of fuel supplies due to shortage of funds: Air India Chairman Details 8India hoping for Iran deal, Russia’s inclusion in G7 Details 8Rosneft signs memorandum to develop offshore gas fields in Mozambique Details 8Trader BB Energy seeks growth in biofuels, petrochems Details 8BP plans end-August maintenance at Germany's Scholven oil refinery Details 8Argus to launch Singapore bunker fuel derivative contract on CME Details 8Mexico president says new oil contracts depend on output, investment Details 8Asian refiner profits hammered by free-fall in fuel oil margins Details 8Oil dragged into U.S.-China trade war, prices slump Details 8Frontline buys 10 oil tankers from Trafigura for $675 mlnDetails 8Australian heavy sweet crude premium falls as high IMO fuel stocks weigh Details 8Crude oil spills into U.S.-China trade war, prices slump Details 8Barclays sees downside risks to oil prices as trade war escalates Details 8Iranian oil tanker pursued by US amid tensions says it is going to Turkey Details You can also click on Newsclips for moreDetails
Part of the contracting has been done 8But short lead RFQs are still to come out 8An IOC team is doing the contracting Click on Details for moreDetails