Initially, the OIL brass was reluctant to take over the majority shareholding in Numaligarh Refinery Ltd 8But now it is turning out to be a blessing 8So, even without any increase in oil and gas production, OIL can still keep sailing on 8Also, find out why only OIL and no other company would have had to buy NRL, and why is that so? Click on Details for moreDetails
The PNGRB has started the long-delayed process of notifying the end of exclusivity periods of CGD entities. 8This will set the ball rolling for opening up of this segment in lucrative markets in areas such as Mumbai and Delhi and others. Click on Details for more.Details
Petronet LNG has a clutch of plans to expand its bandwidth besides expanding its capacity in two phases from 17.5 MMTPA to 22.50 MMTPA by 2025. 8Current capacity utilization is 100 per cent 8And it has also announced a slew of diversification plans, including foraying into petrochemicals. 8The outlook is good, it seems, and brokerage houses are taking out a "buy" recommendation on the stock Click on Reports for more Details
Get the daily updates for 8LNG 8Crude 8Chemicals 8Fertilizer 8Weekly Fertilizer (weekly update) 8LPG 8Ammonia 8All tankers 8Bulk and dry cargoes 8Port updates Click on Reports for more
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HPCL is foraying into non-fuel retailing using prime real estate around its refuelling stations. 8This is a specialized line, and whether a public sector company can sustain this business model remains to be seen Click on Details for moreDetails
For reference purposes the website carries here the following tenders: 8Road Transportation of bulk POL products Details 8Procurement of Motor Operated Ball ValvesDetails 8Procurement of Plastic Pallets Details 8Procurement of Spent Caustic Stripper Trays Details 8Procurement of Photocopy Paper from Gem Portal Details 8Hiring of Vehicles (Sedan) for PH-3A Odisha (BAPL)Details 8Hiring of Vehicles (Innova) for PH-3A Odisha (BAPL) Details 8Hiring of Vehicles (SUV) for PH-3A Odisha (BAPL) Details 8Service Contract for paintings of buildings at Chhainsa Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8ADNOC Drilling IPO price implies equity valuation of $10 billion Details 8Petrol, diesel prices kept unchanged for eighth consecutive day Details 8Saudi economy grows 1.8% in Q2 but non-oil sector loses steam Details 8China's Sinopec completes its first LNG bunkering operation Details 8Hit to oil output from Ida overshadows demand impact, says Goldman Details 8China to announce details of oil reserve sales in due course Details 8Trust between govt, industry critical to leverage opportunities created by Covid: Nirmala Sitharaman Details 8Germany has four months to certify Nord Stream 2 pipeline Details 8Oil, banks lift European stocks on recovery bets Details 8Indian shares slip as losses in Reliance outweigh Coal India gainsDetails 8OPEC expects Delta variant to delay oil demand growth Details 8Oil extends gains on worries of U.S. supply disruptions from another storm Details 8It's wrong to blame Congress for fuel price hike, says Karnataka leader of opposition Details You can also click on Newsclips for moreDetails
8The coal based ammonia-urea plant at Talcher is under active bidding as of now 8Find out details of L-1 bidders in some smaller packages 8Also the LOI has been awarded for the Rs 100 crore ammonia storage tank in another project Click on Details for moreDetails
8LNG ship chartering and purchasing is a complex business. Find out why that is so. Click on Reports for more 8Here is a company that delivered its first ever carbon offset LNG cargo. Click on Reports for more 8'Greener' LNG to capture the minds of the industry stakeholders. Find out in which ways. Click on Reports for more 8This tender had a price slate of 27% to Brent as sport prices move to $20/mmbtu. Click on Reports for more
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Water Soluble Fertilizer Greenfield Project 8Cost - Rs 200 crore 8Project Event: The tender has been closed due to some internal issue of the company, EIL, FACT Engineering, Mecon & M N Dastrua were in the race of consultancy services for the preparation of DFR for setting up a Water Soluble Fertilizer (WSF) manufacturing plant, The tender is likely to be re-released in October 2021. NPK Fertilizer Greenfield Project 8Cost - Rs 400 crore 8Project Event: The project is on hold due to the impact of Covid, It is likely to be activated in Q3 FY 2021Details
Here is an e-auction done for a private oil field, as it moves from a fixed price contact 8The price elicited was higher and auctions saw bids for twice the quantity offered. 8Also, here is a starter's guide on how to build a gas bidding portal, If that is of any interest to anyone
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IGX has changed some rules related to delivery provisions 8As buyers and sellers are not following through with some of their commitments Click on Reports for more
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8A new desi biodegradation of crude oil allows for 90-98% of the total hydrocarbon was degraded into non-toxic end products within a period of 21-28 days, and this was confirmed by Gas Chromatography-Mass Spectrometry. 8An intrepid entrepreneur can perhaps help market this technology globally Click on Reports for moreDetails
8A massive spiral in offshore wind energy projects can provide a big boost to Indian companies looking for offshore business in lieu of offshore oil & gas projects Click on Details for more
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For reference purposes the website carries here the following tenders: 8Tank Truck Holding at HPCL Unnao Plant Details 8Setup of Hazardous Waste ShedDetails 8Supply of Fire Water Pumps for 2G Bio-ethanol Refinery Details 8Road Transportation of Bulk POL Products by top loading Tank Lorries Details 8TAS Revamp at Barauni Tap Off Point Details 8Road Transportation of Bulk Furnace Oil (FO) & Light Diesel Oil (LDO) Details 8Availing Bottling Assistance from Private Bottlers in Lucknow LPG Territory Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Sudan expects to reach oil products deal with Saudi Aramco Details 8Global oil price climbs to one-week high on U.S. supply concerns Details 8U.S. gas production set for big increase in 2022 on high prices Details 8Oil sector in balance as Norway votes Details 8Fuel demand jumps 11 per cent in August Details 8Linde, Renaissance Heavy awarded work on giant Russian gas plant Details 8Shell starts to move staff to Mars platform after Hurricane Ida Details 8OMCs hold fuel price revision; Brent trades above $72 per barrel Details 8Oil-soaked birds found near oil spill at refinery after Ida Details 8Vedanta seeks premium over govt rates for gas from Assam blockDetails 8OPEC set to revise down 'optimistic' oil demand outlook -sources Details 8India, US agree to collaborate on emerging fuels Details 8Russia says divisive Nord Stream 2 pipeline complete Details 8LNG regasification operable capacity expected to rise by 12 mmtpa: Motilal Oswal Details 8Karnataka Congress urges Centre to reduce LPG cylinder price by Rs 150 Details 8Pollution season: Delhi Pollution Control Committee to focus on ‘bad fuel’ Details 8Petronet eyes fresh foray into petchem business; plans LNG import facility on east coast Details 8Stubble burning: Two biomass power plants in Punjab delayed Details You can also click on Newsclips for moreDetails
American companies in India are bullish about India 8But they seem to have payment problems 8Also, exports have become cost-competitive, they claim Click on Details for more
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For LNG terminals, it is never easy to ensure adequate utilization of their LNG capacity. 8Swan Energy seems to have a 100 percent buyback 8But there is another LNG terminal coming up, which is coming close to that mark.Details
8Even as new companies such as Megha Engineering have entered the fray, there are other EPC companies in the downstream sector which are slowing down. 8Here is one multinational which is slowing down on the EPC front and gearing up to grab more EPCM or EPC jobs for nowDetails
8There have been some important developments in connection with the Haldia Petrochemicals Ltd's massive petrochemical complex at Cuddalore 8There is significant action anticipated ahead.
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For reference purposes the website carries here the following tenders: 8Procurement of Lab Water Deionizer System Details 8Hiring of services for Repairing of Roads in plant areaDetails 8Procurement of Spares for Close Loop Sampling System Details 8Supply of Antiblock Silica Master Batch Details 8Supply of Heat Exchanger for PP UnitDetails 8Procurement of MOV for Gate Valves Details 8Procurement of Valves for C3H Modification Works Details 8Providing Extruder and Pelletizer Package Details 8Notice for Empanelement of EPC contractors for Development of PV based Solar Power Projects Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India's inflation likely remained steady at 5.60 per cent in August Details 8Biden administration mulls reversal of Trump Arctic drilling plant Details 8Ethanol producers propose to invest Rs 3,000 crore in Madhya PradeshDetails 8Oman warns of $200 oil in dig at IEA climate advice Details 8Global gas prices soar as industry struggles to meet resurgent demand Details 8Shell declares force majeure on some oil deliveries after Hurricane Ida Details 8Oil slips on China's plan to release crude from reserves, airline demand woes Details 8Harvard University to end investment in fossil fuels Details 8Domestic natural gas prices seen rising to $3.15/mBtu in October Details 8India, US commit to accelerating development and deployment of clean energy solutions Details 8Explained: What a new study says about fossil fuel extraction and global warming Details You can also click on Newsclips for moreDetails
8E&P is such a business where you can score somewhere and come out with a blank somewhere else. 8After news that Cairn wants to put together a quick production system in one block, it has come out with a blank in another Assam block Click on Details for moreDetails
What is the status of H-Energy's Jaigarh LNG terminal? 8Has the long pending 60-km pipeline to the GAIL interconnection point been completed? Why is it lending out its FSRU, which it has acquired from Höegh LNG Holdings Ltd.?
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Succession to the CMD slot is a complicated problem in ONGC 8And this is not because a Search Committee is to look for the next incumbent. Find out why that is soDetails
Even if an LNG terminal is not running at full capacity. 8If you want to bring in a cargo yourself, you may not be allowed in. 8There are not just entry barriers when it comes to selling gas in India against the monopolies of GAIL and GSPC, there are entry barriers even at the port of entry, it seems. Click on Details for moreDetails
8The idea of the maverick Assam Chief Minister Himanta Biswa Sharma to seek a merger of ONGC's North Eastern assets with Oil India Ltd has been a source of much talk in New Delhi Find out what it the latest on the subject.Details
Get the daily updates for 8LNG 8Crude 8Chemicals 8Fertilizers 8Ammonia 8LPG 8All tankers 8Bulk and dry cargoes 8Port updates Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Contract for Civil Related Jobs for Construction of New Kapavaram Terminal Details 8EPCM Consultancy Services for Poly Propylene UnitDetails 8Procurement of Transformer Oil Filtration Machine Details 8Risk Assessment of KKBMPL Network Details 8Supply of transformer power above 5MVA for PP unit Details 8ARC for Hiring of Vehicles on call basis at corporate office for a period of two years Details 8Hiring of Technical Consultant for Evaluation of Contract AreasDetails 8Empanelment of consultants for financial appraisal of projects and other financial services Details 8Engaging Consultant for Quantitative Risk Assessment and HAZOP Study for the Pipelines under HVJ Pipeline Network Details 8Service Contract for Assistance in Bagging and Palletizing Operation in LLDPE-1 Bagging Units Details 8Conducting Water Audit Details 8AMC for Stack Emission Details 8Providing Security Care Taking and Loss Prevention Services Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India’s ONGC considering Woodside stake in offshore Senegal oil fieldDetails 8Refineries operate below 90% capacity as diesel demand lags Details 8Numaligarh stake sale to Assam govt will improve OIL liquidity: Moody’s Investors Service Details 8Top oil guzzlers surpass pre-pandemic consumption amid recovery in activity Details 8Arun Kumar Singh takes charge as Chairman and MD of Bharat Petroleum Details 8Petrol, diesel prices remain stagnant for 3rd consecutive day Details 8Centre-states may discuss early inclusion of natural gas into GST fold Details 8Vetsa Ramakrishna Gupta takes over as Director Finance of Bharat Petroleum Details 8Oil eases after rally, decline in U.S. output limits losses Details 8Baker Hughes, Schlumberger count on clean energy for growth Details 8Study calls for strict limits on oil, coal to curb warming Details 8Aramco oil pipelines investors to sell at least $4 bln in bonds in Q4 Details You can also click on Newsclips for moreDetails
NPK Pilot Plant Greenfield Project 8Cost - Rs 90 crore 8Project Event: The Pilot Plan is in progress at the Company's R&D department. Based on inputs from the R&D department, the development of a pilot plant shall be taken up. Single/Triple Super Phosphate Greenfield Project 8Cost - Rs 25 crore 8Project Event: Studies are still ongoing, the proposal for the environmental clearance is likely to be submitted in October 2021. RFQ for the local contractor is likely to be released in November 2021.Details
Let us not beat around the bush and say that the Federation of Indian Petroleum Industry is more than just an industry lobby group. 8If it tries to be something else, it is not. 8But it does try to give the impression of being more than just a lobbying group. One way of doing so is by bringing out oil & gas reports but the effort lacks depth and data. 8The reason for that is because it just reorders publicly available data into PDF files and titles them bombastically, such as its "Policy and Economic Report for the Oil & Gas Industry" series, for example. FIPI cannot be blamed for what is trying to do 8The organization's storied members should help out, by making available some of their own data to the industry body so that it can come up with some truly incisive data analysis. 8Or otherwise, its attempts to become the equivalent of the American Petroleum Institute will fail. 8But the problem in today's India is that no one wants to part with any information whatsoever, and who knows that better than we do Click on Reports for more
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Here is an update on GAIL's Mumbai-Nagpur-Jharsuguda Natural Gas Greenfield Pipeline 8There are three PMCs on the job Click on Details for more
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Climate change is upon us and the traditional oil & gas company will have to undergo a transition. 8The policymaker within the company faces a multi-layered challenge to determine the risks to their current business, to formulate a strategy to thrive in a re-shaped energy sector and to assess the optimal speed at which to implement their plans for change. 8Here is a very important update on how to start that adaptation. Click on Reports for more
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For reference purposes the website carries here the following tenders: 8Service Contract for Assistance in Bagging and Palletizing Operation in HDPE-1 and 2 Bagging Units Details 8Service Contract for Operation & Maintenance of Battery Operated ForkliftsDetails 8Flanges-CS & SS for 60 Kta Polypropylene Unit Details 8Security Care Taking and Loss Prevention Services for Pipeline Installations Details 8Procurement of Test & Measurement Instruments for LPG & HVJ Instrumentation Details 8ARC for Maintenance Works Details 8Procurement of XRF Metal Analyser Details 8Services for Performance Evaluation Test of Online Gas Chromatographs Details 8Supply of an overall end to end integrated Oil & Gas facility operation Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8No revision in petrol, diesel prices for 2nd consecutive day Details 8Laying of last pipe of Nord Stream 2 completed Details 8Cairn accepts $1bn refund offer, to drop cases against India within days: CEODetails 8Cairn Energy weighs $700 mln in shareholder returns if India row settled Details 8Oil losses from Hurricane Ida rank among worst in 16 years Details 8Exxon to begin certifying some shale gas emissions amid investor pressure Details 8Chevron to sell test batch of sustainable aviation fuel to Delta Air Details 8ONGC's plan to merge refining subsidiary MRPL with HPCL gets delayed Details 8BPCL cooking gas customers to continue getting subsidy, post privatisation Details 8LNG-Fuelled Vessels approaching 30% of orders Details 8Crude oil ticks higher on supply tightness, bullish China data Details 8US’ New Fortress makes planning application for Irish LNG import terminal, CCGT Details You can also click on Newsclips for moreDetails
Confidence Petroleum, which operates in the crowded packed LPG cylinder market, was not treated well by COVID-19. 8The top line fell precipitously and the company escaped red ink on its balance sheet by a hair's breadth. 8But the company chairman says, “When going gets tough, the tough gets going”. 8Is this sheer bravado, or there is mettle behind these words? Click on Reports for more
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663k MT of LPG headed towards India in the coming days 35 shipments of LPG totalling 663k MT are coming in from the following locations: 8Ruwais 8Ras Tanura 8Ras Laffan 8Yanbu 8Male 8Mina Al Ahmadi Click on Reports for more
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The Morbi industrial cluster has become a subject of study for this website not because it is the largest consumer of gas for an industrial area, but for other reasons as well, including the fact this community encompasses the very spirit of Indian entrepreneurship. 8There is a hint of another gas price increase now after the last one raised the price from Rs 37/SCM to Rs 41.60/SCM. Can LPG be an alternative in a situation where gas prices are high? 8And it is not price rise alone that worries Morbi, there are other imperatives at play. Click on Details for more
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Urea Revamp Project 8Cost - Rs 220 crore 8Project Event: The Company has invited offers from renowned EPC Contractors for further execution of the Project on an EPC basis. The bidding process is still ongoing. Sulphuric acid Plant Greenfield Project 8Cost - Rs 100 crore 8Project Event: The company has invited Expression of Interest from LSTK contractors & based on their response, techno-commercial offers will be invited. Tendering process is still ongoing.Details
ONGC can boast of getting among the lowest day rates for vessels and rigs in the world 8But sometimes rates go down so low, that others are not willing to match the L-1 rates So despite a high participation rate in these tenders, ONGC will still be a few vessels short Click on Details for more on the latest update on vessel rates.
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HOEC's topline suffered a big blow due to COVID 8But the company is determined to bring its offshore block, B-80, on stream by Q-3, 2021-22, once the monsoons are over. 8Two subsea wells drilled and proven to produce 8,000 boepd of hydrocarbons. Click on Reports to know more about the company
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There have been some changes in the LNG import schedule 8For reasons not known yet, one cargo at Mundra had to be diverted to Dahej 8More interestingly, one entire cargo out of Cove Point was cancelled Click on Reports for more
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