The LNG market ahead is going to be the most volatile ever. 8Prices are going low on account of a massive doze of over supply and they are going to stay low in the face of cooling demand. 8Prices will rise again but the timing is not certain, but it will not be for the next two years. 8There will then be yet another crash again, according to latest demand-supply analysis Click on Details for more.
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The typical LNG contract is going through a dramatic makeover 8Fixed contracts are being torn up and replaced with those which contains all sorts of provisions 8From price renegotiations to arbitration, everything seems to be changing rapidly 8An economic slowdown that India is facing could well be a golden opportunity to sweep open the Indian gas market. One part of it is the downstream cleanup that the likes of PNGRB is doing, but there is also a need to bring overall gas prices down. 8And that can only happen if we reopen the long term contracts which are today keeping Indian prices high 8Strong vested interests, such as the fact that domestic producers of gas, such as RIL, are trying to sew up gas supply contracts at rates equal to prevailing long term LNG conracts and strong bilateral relationships with countries such as Qatar may prevent us from reopening such contracts, but that will not be in India's long term interest Click on Details for more
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China alone is the biggest driver of LNG demand in the world 8But there are many uncertainties ahead as pipeline imports begin to bite at LNG demand 8The world did turn its attention on India as another China in the making but then there was disappointment over it. 8India does not offer the same opportunity, it seems. Click on Details for more
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For reference purposes the website carries here the following tenders: 8Procurement of Radiant Coil Assemblies for GCU-I & GCU-II Details 8Mechanical AMC Contract of IOP&S, GPU-LPG & GCU Plant Details 8Coated Line Pipes for Srikakulam Angul Pipeline Project Details 8Procurement of Plug Valves Details 8Charter Hire of a 1400 HP capacity land Drilling Rig Package with requisite manpower Details 8Supply of Corrosion Inhibitors Details 8Emission Control System (Vapor Recovery System) at Dharmapuri Terminal Details 8Piping Works for LPG Pipelines and other associated Civil Works at LPG Bottling Plant Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Houston prepares to say ‘Howdy Modi’ as US gas producers eye deals Details 8Aramco tells Indian refiner it will get oil: source Details 8Air India's monthly fuel bill might spike by Rs 50 cr on higher oil prices: Official Details 8Why India should be worried about drone attacks on Saudi Arabia’s oil facilities Details 8India's current account under threat if oil surge continues: RBI Governor Details 8WPI inflation unchanged at 1.08 per cent in Aug, reinforces rate cut expectation by RBI Details 8MMTC, STC stocks tank 16% on shutdown report Details 8Saudi on track to restore third of lost crude oil output: Experts Details 8Saudi Arabia assures India of no oil supply shortage: Oil MinistryDetails 8Aramco attacks show company entanglement in Saudi politics Details 8Energy prices spike after Saudi oil attack, US blaming Iran Details 8Tension over Kashmir not to affect TAPI: Pak assures Turkmenistan Details 8Aramco less optimistic on output recovery Details You can also click on Newsclips for moreDetails
The company eventiually slated to invest Rs 500 crore in the development. 8LOA for hiring of services for 3D Broadband seismic data acquisition is expected by end of October. 8An EIA consultant will also be needed Click on Details for moreDetails
Get the latest US LNG shipment data into India. 8The irony of the dual pricing regime is brought into focus in US supplies to India. If data was available, the same picture would be evident from Qatar as well, as the kingdom dispatches spot cargoes at sharply lower rates than term cargoes. 8Long term LNG supply is at almost twice the price of sport cargoes 8Spot cargoes are now at a little over variable cost of US LNG liquefaction plants Click on Reports for more
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NPK Fertilizer Expansion Project 8Cost - Rs 190 crore 8Project Event: Environment clearance has been elicited, and RFQ for the EPC contractor is scheduled in December 2019. Click here for more details Single Super Phosphate Expansion Project 8Cost - Rs 20 crore 8Project Event: The approval of environmental clearance is under process. The RFQ for the contractor is likely to be released in November in place of July 2019 due to delay in the environmental clearance. Click here for more details (Via www.energylineindia.com)Details
8Is ONGC planning to replace John Energy's gas dehydration and dew point depression units now that the vendor has run into trouble for bringing in second equipment as new Find out more.
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The petroleum ministry seems very keen to ensure that the Government E Marketplace portal picks up speed 8Procurement targets have been set for public sector oil companies Click on Details for more
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It is a big Rs 300 crore POL terminal project 8There is an EPCM contractor on the job 8An RFQ for pumps is expected in November, 2019 Click on Details for moreDetails
A massive Rs 62,000 crore private sector greenfield refinery-cum-cum petrochemical complex is being planned 8The prefeasibility report has been prepared 8Site survey has been done. This means that there is interest in following through with the initial proposal by the promoter So how serious is this proposal? Details
Any kind of global model that looks at decarburization of the transportation sector will end up with a 2030 date for a ban on conventional cars. 8Then again, some global agencies suggested oil demand plateauing s early as 2022. 8In this context, is the current slowdown in the transportation sector in India as well as in countries such as China a result of cyclical or structural changes? 8If structural changes are at the root of the automobile demand slowdown, oil companies may have to redraw some their refinery expansion plans. Click on Details for more
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GSPL India Transco Ltd (GITL), a subsidiary of Gujarat State Petronet Ltd (GSPL), had signed a Gas Transportation Agreement (GTA) with Ramagundam Fertilizers and Chemicals Ltd (RFCL) on July 8, 2016, for a period of 20 years. 8GITL will supply 2.4 MMSCMDof natural gas from Mallavaram of Andhra Pradesh (AP) to RFCL's plant at Ramagundam in Telangana through the Mallavaram-Bhopal-Bhilwara-Vijaipur Natural Gas Pipeline (MBBVPL) being developed by GITL. 8It is learnt that GITL's slow work has delayed the projectDetails
One tender for an early production system has been refloated 8Another for a Group Gathering station expected by end 2019 Click on Details for more Details
It is a big 7.50 MMTPA expansion of refinery-cum-petrochemical capacity 8The PFR consultant has been appointed 8Capital approval is expected in six months Click on Details for moreDetails
Even as gas demand goes up, there is preparation afoot for a post-gas scenario, when rapid decarbonization will become a global imperative 8Pipeline networks built to ferry gas will also have to restrucutre their business models, going ahead Click on Reports for more
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An advanced paper has projected India's energy combination by the year 2020 under different enegy sources 8And there are a dozen of them Click on Reports for more
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Are you interested in offshore drilling opportunities and tie-ups. There is a list of addresses and profiles of some of the best companies in the world -- who may not necessarily be present in India as of now -- in areas such as 8Topsides (EPC) 8Floaters (EPC) 8Marine engineering & design 8Technical and production services 8Administration and IT 8Internet of things, automation 8Cranes, lifitings, moorings 8Process equipment 8Rotating equipment 8Safety equipment and services 8Other mechnical equipment systems 8Drilling systems Click on Reports for more
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If you looking to cleanly convert coal, petroleum coke and biomass into high-value products, here is a multinational willing to build complete turnkey gasification complexes under a “Sale of Gas” model 8It will finance, build, owns and operates the syngas production facility for you. 8The company has built over 200 gasification reactors till date 8Interested? Click on Reports for more
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Many LNG terminals seem to be on the drawing boards. 8Here is another with a 5 MMTPA FSU with onland storage tanks and regasification. 8A 12-bay truck loading facility is planned as also a connection to the all-India grid of GAIL 8The promoter has also drawn up a list of customers it will cater to Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Obtaining certificate of stability of Uran Plant Details 8Procurement of skid mounted portable engine driven air compressor Details 8Procurement of Tyres, Tubes and Flaps Details 8Procurement of FTP/ staging server for GEOPIC Details 8Supply of Structural Materials Details 8ARC for Ultra Pure Gases Details 8Annual Maintenance Contract for Leak Detection System Details 8Construction of Admin Building, Control Room and other Civil Works Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Central India’s first CNG, LNG mother station opened in Nagpur Details 8US blames Iran for drone attacks on Saudi oil infrastructure Details 8Iran signs $440 million deal with local firm to develop Gulf gas field Details 8Sonowal assures support to Numaligarh refinery expansion Details 8Govt nominates ONGC to operate Panna-Mukta fieldsDetails 8Saudi drone strikes: No crude blow to India yet Details 8Oil price surges, stock futures slip after attack on Saudi facility Details 8Saudi Arabia battles market jitters after drone attacks on oil plants Details 8CNPC signs 3-year diesel supply contract with Australia's Arrow Energy Details 8Aramco tells Indian refiner it will get oil: source Details 8Tension over Kashmir not to affect TAPI: Pak assures Turkmenistan Details 8Saudi to tap vast oil stores after attacks disrupt output Details 8Saudi Aramco: from 'Prosperity Well' to energy giant Details You can also click on Newsclips for moreDetails
8The LNG market is in oversupply and it looks like low spot prices may continue to linger longer than it was anticipated earlier. 8The world seems to be moving away from oil-indexed LNG prices but that can be a two-way street. If oil prices go down, gas prices may move up. 8China is trucking LNG to demand centers not supplied via a pipeline network in a big way. There are lessons here for India 8The US government is pushing for American companies to take a big chunk of contracts from the Mozambique terminal in which the Indian trio of ONGC, OIL and BPCL are heavily invested. Should India too push for local companies to take part in the development? Click on Details for more
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India is the only nation to have introduced an environmental tribunal, the National Green Tribunal (NGT), after Australia and Newzealand. 8The drive for use of gas in place of naphtha or fuel oil has been driven by action from the NGT 8But there is an urgent need for reforms here as well. Click on Reports for more
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The Tapti process complex -- which belonged to the Panna Mukta Tapti JV -- would have otherwise been decommissioned 8Decommissioning would have been an expensive exercise. But ONGC decided to take over the process platform from the JV at no cost 8Two years from its decommissioning, the platform is now a key production centre for ONGC. 8Business opportunities centered around this process platform -- in terms of new developments whose well fluids will be processed -- are coming up ahead. Click on Details for moreDetails
NPK Fertilizer Expansion Project 8Cost - Rs 190 crore 8Project Event: The project is awaiting for the environmental clearance and tender for EPC contractor is likely to be released in December 2019. Click here for more details Single/Triple Super Phosphate Greenfield Project 8Cost - Rs 25 crore 8Project Event: The project has sufficient fund to progress but due to internal matter project is still on hold, RFQ for the contractor is likely to be released in November 2019 in place September 2019, due to internal issue. Click here for more details Available through www.indianfertilizer.comDetails
August POL consumption data has come out somewhat lopsided 8But clearly enough, consumption has stalled. 8And is negative in some instances 8The POL consumption data is a barometer to how the economy fares 8The signs are not good so far Click on ReportsDetails
What is up for LNG prices this coming winter? 8Storage facilities are already almost full 8Will there be a spurt in LNG vessel rates? 8How will price behave? Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Procurement of Insulation Materials for Pyrolysis Cracking Furnaces Details 8Contract for Services of GPS Based Foot Patrolling, Report Generation & Report Submission for Pipelines Details 8Procurement of 5400MT Butene1 for LLDPE HDPE Swing unit Details 8Quantitative Risk Assessment of CGD Networks Details 8Supply of Fittings and Flanges for SJHPL Project Details 8Supply, Installation and Commissioning of UV-VIS Spectrophotometer Details 8Supply of Ball Valves Details 8SOR Branding Job for two years Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India's diesel demand in August falls to a 10-month low Details 8RIL-BP to kick off India’s first gas auction next monthDetails 8RIL to start gas production from R-Cluster in 2nd half of FY21 Details 8India's August retail inflation rises to 3.21% Details 8Reliance commits to pay for any gas supply shortfall Details 8Pradhan meets GECF Secretary-General, discusses trends in global gas markets, energy transition Details 8UP: 4 injured in gas tank explosion at HPCL plant in Unnao Details 8OPEC, allies weigh further oil production cut in December Details 8Saudi energy minister says every country should comply with OPEC+ oil output cuts Details 8Nigeria and Iraq pledge to cut output to meet OPEC targets Details 8Saudi willing to keep oil output below 10 mln bpd: Energy minister Details 8Oil prices fall after OPEC+ talks, ECB rate cut Details 8IEA says oil demand subdued on economic uncertainty Details You can also click on Newsclips for moreDetails
It is an Effluent Treatment Plant worth Rs 25 crore 8Capital approval is awaited 8RFQ has been delayed and now expected in October Click on Details for moreDetails
This is a private sector offshore development project involving the hiring of a jackup rig and an offshore processing platform> 8The field development plan has been already approved 8Quotations are being accepted 8What is raised eyebrows is the low capital allocation for the project Click on Details for moreDetails
The price bid for ONGC's Living Quarters Platform Development project has been opened 8The L-1 price was way below that of the L-2 8The price differential seems to establish a new paradigm for the offshore platform projects in India Click on Details for moreDetails
ONGC has finalized the long-awaited deal for three fire fighting and safety vessels for its western offshore assets. 8There is big jump in the day rate from the last time when a TAG Offshore vessel was hired Click on Details for more
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Phosphoric Acid Expansion Project 8Cost - Rs 1100 crore 8Project Event: RFQ for the equipment is likely to be released in November 2019. Click here for more details Single Super Phosphate Greenfield Project 8Cost - Rs 10 crore 8Project Event: The tender for an EPC contractor is likely to be released in November 2019. Click here for more details (only via www.indianfertilizer.com)Details
For reference purposes the website carries here the following tenders: 8Tender Document for Gas Metering System Details 8ARC for Standby Duty Services for Emergency Jobs Details 8Supply of Tubing Tong Details 8Procurement of Transformers Details 8Supply of MS Pipes Details 8Supply of Heat Exchanger Anode Details 8Carrying out Detailed Route Survey Details 8Design and completion of Storage Vessels for storage of LPG Details 8Supply of CNG Cascades Details 8Supply of Prefabricated SS Tanks Details 8Supply of 30,000 PSI High Pressure Test Unit For BOP Testing Facility Details 8Charter Hiring of O&M Services for Work Over Rigs for various Assets Details 8Online repair of pipelines though composite repair system at NH Asset Details 8Procurement of Hydrochloric Acid Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8ONGC to invest Rs 13,000 crore in Assam to drill over 220 wellsDetails 8ONGC considers buying out rest of Western India petrochemical project Details 8India's fuel demand rose 2.8 percent year-on-year in August Details 8Gujarat: Multiple bids for GSPC’s blocks Details 8Punjab slashes VAT on natural gas Details 8Air India grounds operations director over low fuel issue in Sydney Details 8Server breach outs key data of Shell India, MG Motors Details 8Pawan Hans stake sale: Government extends EoI deadline by a week Details 8IOC, BPCL, NTPC among firms where govt stake to be cut to under 51% Details 8India's oil demand to rise at fastest pace in world: Opec Details 8Oil demand to peak in three years, says energy adviser DNV GL Details 8Downbeat: Oil traders dwell on weaker demand growth at industry meets Details 8OPEC cuts 2020 oil demand forecast, urges effort to avert new glut Details 8Russia sees Arctic offshore oil development feasible at $130-$140 per barrel -Interfax Details 8Energy 'transition' the buzzword, but a fossil future for the Gulf Details You can also click on Newsclips for moreDetails
Another OALP block has a stake farm out 8This is between OIL and ONGC 8Seismic survey contract has already been awarded 8EIA consultant has been selected 8Get a status update hereDetails
It looks like the timelines for setting up the mega 60 MMTPA refinery by oil marketing companies in collaboration with Saudi Aramco and Adnoc is going to be delayed further. 8Why is that?Details
ONGC is planning to fast track work on this OALP Round-2 block 8Seismic work is opening up 8EIA services will be required next Click on Details for moreDetails
ONGC's 53-well development drilling project will soon see RFQs coming out 8EIA study will be first 8Followed with other RFQs after a time gap Click on Details for more
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RIL Jamnagar refinery suffered the second largest supply production loss for a refinery in the world during a shutdown 8It was of course a scheduled shutdown, but given the size of the refinery and the duration of the shutdown, the output loss recorded as one of the largest in the world Click on Details for more
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Farm out transactions have already begun in OALP blocks 8One such deal for a 40% stake has been signed 8RFQs for the hiring of 400 LKM 2D and 50 SKM 3D seismic survey services will be released December 2019 8A drilling programme will be unfolded subsequently Click on Details for moreDetails
The latest report by DNV-GL that predicts peak oil by 2022 may knock the bottom out of the Indian E&P market and stop companies from looking at acreages being offered by India under a liberalized regime. Operators who have garnered acerages under DSF and OALP rounds may want to go slow if they are certain that the bottom is going to give way around the time they begin to produce oil and gas. 8The prediction is that after oil, peak gas will happen 10 years later, around 2033, but production thereafter will not decline but remain constant right up to 2050. This will mean that Indian E&P majors may stop looking at major offshore gas investments five years from now, as most fields have 10 to 15-year production profiles, and these can stretch to a point when demand begins to peak and prices become unremunerative, thereby pushing NPVs to negative territory. 8All of this does not mean that investments will not happen in the oil & gas sector, as plans have to be put in place to maintain output in declining fields or new fields have to be put to production to take on the slack. 8There is also another counter argument: Why should India, which has relatively poor hydrocarbon prospectivity, look for oil & gas when it can easily import it cheaply once prices drop from 2022 onwards? Let low cost global producers pull out the oil and India will buy it off them, the argument will go. 8As long as cost of output in India is below the import parity price, both gas and oil production will continue, but the equation can tilt the wrong way in as little as five years from now. These comments are by the Edior Click on Reports for more
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Methane emission is emerging as a major environmental worry 8Measurements were earlier taken sporadically over time 8A new but volantary continuous methane measure programme in E&P installation is now being adopted Click on Reports for more
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LNG shipping have undergone two different phases of transition. 81960s to mid-2000s, it ws the traditional liner model (P2P), with back-to-back contracts 20yr plus, with steam engines 8Then after that portfolio players have emerged, terms contracts were for 7-15yrs and four stroke DFDE/TFDE engines were at play 8LNG 3.0 is now upon us, and it will herald a whole new era Click on Reports for more
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DAP Expansion Project 8Cost - Rs 100 crore 8Project Event: The project has elicited the term of reference and waiting for environmental clearance. It takes a minimum of three to four months for clearances to come by. RFQ for environmental clearance is likely to be released at the end of November 2019. The company is planning to do its phosphoric acid expansion first, for which construction has already started. Click here for more details Ammonia-Urea Energy Saving Project 8Cost - Rs 380 crore 8Project Event: The Company will be undertaking significant debt-funded capex to meet energy consumption norms applicable under NUP-2015 from FY2021 onwards. The capex for the project is around Rs. 380 crore and is to be funded in a debt-equity ratio of 70:30. The loan is still under process, and it will take a minimum two to three months for approval. Click here for more details Go through www.indianfertilizer.com)Details