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Sep 2018

The government has begun thinking in terms of rapid electrification of India two-wheeler fleet
8A time frame of five to seven years for the full transition is now being talked about
8Savings to the tune of Rs 1.20 lakh crore in crude oil imports is being bandied around in government circles
8Refineries must take these plans into account while doing strategic planning
Click on Reports  more Details
8Owner plans a renovation and modernization of coal mills and its associated auxiliaries in a thermal power station.
8Click on details to know more about the equipment required and the key contact.
Click on details Details
8Project Name: Offshore Field Development
8Project Cost: Rs 700 crore
8Project Description: It is a 3 well development drilling. The project will also involve installation of an offshore process platform and interconnecting pipelines. The total area of the field is around 24.2 sq.km. The project requirements will be drill bits, blow out preventer, wireline logging services, casing & tubing running services, well testing services, cementing services. Further RFQs are expected soon
8Project Event: RFQs expected by November 2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Dec/2018
8Release Date: Feb/2019
8Start Date: Feb/2020
8Completion Date: Dec/2022
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Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 5110 crores
8Project Description: A JV company is getting delayed in the evaluation of civil works bids for a 520 MW greenfield hydroelectric power project. However, the main civil works bids are expected to be open in November 2018. Further bids are expected shortly.
8Project Event: RFQ for hydro-mechanical works package is expected by November 2018, instead of Q3 2018.
8Expenditure Approval: 2017
8RFQ Date: Nov/2018
8Release Date: Nov/2018
8Start Date: 2019
8Completion Date: 2024
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Heavy monsoons and water logging has delayed the project
8But it is not just the monsoons that have upset the applecart
8Earlier on, there were delays in BEC approvals too
8However EPCM, Tractabel, hopes to catch up soon
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8Project Name: Syn Gas & Hydrogen generation Unit and Butanol Unit
8Project Cost: Rs 840 crore
8Project Description: The owner's PMC selection process has been delayed. Know more
8Project Event: RFQ for PMC contractor is expected by November instead of August 2018.
8Expenditure Approval: Q4:2017
8RFQ Date: Nov/2018
8Release Date: Dec/2018
8Start Date: Q4:2018
8Completion Date: Q4:2021
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8Project Name: Greenfield Gas Pipeline Project
8Project Cost: Rs 2300 crore
8Project Event: RFQ for the trenching and laying work for 156 Km pipeline is expected by December 2018.
8Expenditure Approval: Q2:2016
8RFQ Date: Dec/2018
8Release Date: Jan/2018
8Start Date: Q1:2017
8Completion Date: Q4:2020
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Revamping in POL marketing terminal is coming up
8The project is in the planning stage
8Cost is estimated at Rs 247 crore
Click on Details for key contacts   Details
Ammonia-Urea & Captive Power Plant Expansion Project      
8Cost - Rs 500 Crore
8Project Event: The project is still in the hold due to loan recovery process initiated against the company
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Urea Revamp Project     
8Cost - Rs 137 Crore
8Project Description: The owner is planning to revamp the urea unit a. The service of Basic engineering will be given to Casale
8Project Event: The paperwork is ongoing and NIT for an LSTK contractor for revamping is likely to be released in November 2018.
Click here for more information Details
For reference purposes the website carries here the following tenders:
8AMC for Operation and Maintenance of raw water and line inspection Details
8Topographic, Geotechnical, Hydrological and Hydrographical Survey of Plots and Water Bodies for Natural Gas Pipeline Details
8EOI for procuring various grades of Lubricating Oils and Greases Details
8Carrying out Maintenance Dredging Service at Dahej Details
8Supply of 130,000 Kg of Potassium Chloride Details
8Procurement of MDPE Fittings on ARC Basis Details
8Hiring of Nitrogen Pumping Unit Services on Call-out Basis Details
8Supply of Mechanical Seal Spares in refinery Details
8Supply of Crowcon Make Fixed Gas Detection System spares Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Fuel prices on the boil, government rules out excise duty cut on petrol, diesel Details
8A new record in India: Petrol touches Rs 90.11 in Maharashtra's Parbhani Details
8Larger number of bad loans originated in 2006-2008: Raghuram Rajan Details
8Union Fenosa Gas 'in conversations' to restart Egypt gas plant Details
8India, China driving global energy market transition, says report Details
8Get Punjab to reduce taxes on fuel, Shiromani Akali Dal asks Rahul Gandhi Details
8UK boosts funding for low emissions vehicles Details
8UN to hold Climate Summit in September 2019 Details
8States to get Rs 22,700 crore windfall from rupee plunge, crude spike Details
8BJP faces Twitter backlash over confusing fuel price hike graphic Details
8Call of duty: Why is the government reluctant to cut duties on fuel? Details
8Oil prices rise on lower U.S. crude inventories, looming Iran sanctions Details
8Why we need to pray for $5 crude oil price dip Details
8COLUMN-Traders bet Iran sanctions will leave market short of crude: Kemp Details
8No plans on absorbing fuel prices: BPCL Details
8UN Climate Summit host Poland looks to help seal Paris Agreement Details
8Fuel prices, shortages rising as Hurricane Florence speeds to U.S. Coast Details
8Russia says oil market 'fragile' due to geopolitics, output falls Details
8Regulatory policies pose top risk to India Inc in next 3 year: Deloitte Details
8Government asks farmers to use crop residue for biogas production Details
8Trump rollback would ease rules on climate-changing methane Details
8Delhi High Court to hear petition against fuel price hike today Details
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New E&P operators are learning about the business in their own unique ways
Here is an operator who thought he would buy a Chinese rig and besides operating it on his field will loan it out if needed but he has changed his mind now
On funding, he thinks he can come out with an IPO to fuel his plans
8Project Name: Oil Field Development
 8Project Cost: Rs 200 crore
 8Project Description: The owner will release a set of RFQs for a drilling rig and a workover rig soon. Earlier reports of the company purchasing a Chinese rig for drilling operations have not been confirmed and are doubtful. Currently, the company is undergoing necessary environment clearance processes and plans to start drilling by the end of 2019. Moreover, the field development plan for the block has already been approved by the Directorate General of Hydrocarbons. The block  was awarded to the company under the Discovered Small Fields Round 2016. The production from the block is expected to start by Q2 2020. The company, with a 100% PI in the block, plans to raise capital through an IPO in 2019. The project also involves installation of an infield pipeline to connect with the nearest production facility. Further RFQs are expected shortly.
 8Project Event: RFQs for rigs services are expected by Q1 2019
RFQs for hiring EPC contractor for pipeline installation is expected by Q2 2019
 8Expenditure Approval: Q4/2017
 8RFQ Date: Q1/2019
 8Release Date: Q1/2019
 8Start Date: Q4/2019
 8Completion Date: Jun/2022
Click here for more details for key contacts and project parameters Details
8Project Name:  Secondary Tank Farm
8Project Cost: Rs 500 crore
8Project Description: The E&P owner along with the EPCM contractor is construction Secondary Tank Farm along with an Effluent Treatment Plant with a 40000 Kilolitre capacity. The Project was approved in July 2011, expected to be completed by March 2017 at an original cost of Rs 352.56 crores but is now anticipated to be completed by March 2019. The project had been earlier delayed on account of land acquisition issues. Till now the foundation work has been completed. Currently, work on Colum, Electrical Sub-station, Control Room is in progress and Effluent Treatment Plant Construction work has also been initiated and is under process. Crude Oil Dispatch Pumps, Pressure Safety Valves & Temperature Safety Valves, ETP- Puddle Pipes have already been procured and are under inspection. Further RFQs for Mainline Pipes, Fire Fighting System are expected soon.
8Project Event: RFQs for equipment are expected by November 2018.
8Expenditure Approval: Jul/2011
8RFQ Date: Nov/2018
8Release Date: Dec/2018
8Start Date: Mar/2015
8Completion Date: Mar/2019
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8Project Name:  Greenfield LPG Bottling plant project
8Project Cost: Rs 160 crore
8Project Description: The owner has appointed a PMC contractor to construct an LPG Bottling Plant with a capacity of 120000 MTPA by installing 3 X 600 MT mounded storage vessel. RFQ for the erection and installation work including mechanical piping & firefighting work has already come out and the bidding process is currently on. Further RFQs are expected soon.
8Project Event: RFQ for the electrical and instrumentation work is expected by December 2018.
RFQ for the carousel work is expected by February 2019.
8Expenditure Approval: Q3:2017
8Start Date: Q1:2018
8Completion Date: Q1:2020
Click here for more details Details
8Project Name: Refinery Greenfield Infrastructure Development for a Product Pipeline Project
8Project Cost: Rs 450 crore
8Project Description: The owner is creating infrastructure at its existing refinery as well as an intermediate pumping station for its greenfield pipeline which will have a length of 230 Km, a diameter 18 inches and capacity of 5 MMTPA. A contractor is conducting detailed engineering of the project in May 2018. Piping and instrumentation diagrams (P&ID), plot plan, equipment layout, and process data sheet submitted to the owner for review. The site enabled work is in progress. Further RFQs are expected soon.
8Project Event: RFQ for the Tank construction work (tank work, pad work, dyke work) is expected by October 2018.
8Expenditure Approval: Q2:2016
8RFQ Date: Oct/2018
8Release Date: Oct/2018
8Start Date: Q2:2018
8Completion Date: Feb/2020
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Ammonium Nitrate and Nitric Acid Greenfield Project        
8Cost - Rs 1375 Crore
8Project Event: RFQ for EPC contractor is likely to be released in October 2018 in place of September 2018. due to delay in internal planning
Click here for more information  
Granular Single Super Phosphate Greenfield Project     
8Cost - Rs 148 Crore
8Project Event: The project is in the initial stage, and environmental clearance is under process, RFQ for the EPC contractor is likely to be released in November 2018.
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What is the cost of new coal-fired generation in India?
8And how do renewable energy compare with these costs?
8A critical turning point is coming: when the cost of renewable power, after adding the cost of battery storage, turns out to be cheaper than supercritical coal-fired power.
8That thermal power is under pressure is already known. Also get a list of coal-fired plants which are now under shutdown because of unviable production economics.
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   Details
The Essar Group's E&P equipment and service segment is under pressure
8Adverse offshore market conditions have taken a toll
8And progress on the onland front has not been good either
8The group h, however, is confident that the situation will turn around soon
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For reference purposes the website carries here the following tenders:
8Procurement of 500 Short Ton Capacity Drilling Hooks Details
8Earth Pit Resistance Testing and maintenance at refinery Details
8Miscellaneous Instrumentation TPM Jobs at various units of refinery Details
8Providing assistance in miscellaneous jobs in Technical Service Department at refinery Details
8Hiring of Bulk Handling Plant Services for Testing of HPHT wells at KG Basin Project Details
8Procurement of Cast Carbon Steel Gate Valves Details
8Transportation of ATF Ex Ennore Terminal Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Rupee weakening credit negative for companies, but effects limited: Moody's Details
8We’ll ensure fiscal deficit target is not breached: Subhash Chandra Garg Details
8Bharat Bandh fails, hike in fuel prices momentary difficulty: BJP Details
8Stock market update: BSE Oil & Gas index down; BPCL, HPCL, ONGC, RIL top losers Details
8OPINION: It is counterproductive to play populist on fuel prices Details
8Global climate summit to push countries to reduce emissions Details
8August inflation seen easing below RBI's mid-term target: Reuters poll Details
8Petroleum prices rising due to global factors, says Assocham Details
8Blasts heard at offices of Libya's oil corporation: Reuters witness Details
8Rupee crashes further, hits 72.67 per dollar Details
8Opposition parties led by Rahul Gandhi kickstart 'Bharat Bandh' Details
8OPINION: Fuel price cuts are a populist demand Details
8Policy tweak in works to allow companies to sell oil & gas to affiliates Details
8Mixed response to Bharat bandh over fuel prices in Mumbai, traders join in large numbers Details
8Fuel tax cut unlikely as Centre projects Rs 30,000 crore revenue hit Details
8People should reduce expenses to deal with rising fuel prices: Rajasthan minister Details
8Oil firm as Iran sanctions loom, but US seeks to prevent supply shortfall Details
8California aims to phase out fossil fuels-based electricity by 2045 Details
8Iraq replaces Saudi as top oil supplier to India in August: data Details
8Govt to sign OALP-1 contracts for 55 oil and gas exploration areas on September 24 Details
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8Project Name: Petro-Resid Fludizied Catalytic Cracker Greenfield Unit
8Project Cost: Rs 8500 crore
8Project Description: Preliminary Project Feasibility study has been carried out by M/s Flour and M/s Bechtel. The potential licensors for Petro-Resid Fluidized Catalytic Cracker (PRFCC) are AXENS, CB&I, UOP, and KBR. RFQ for the EPCM contractor is out and the bidding process is going on. Further RFQs are expected soon.
8Project Event: RFQ for the ODC equipment is expected by November instead of July 2018.
 RFQ for the Technology licensor is expected by December instead of September 2018.
8Expenditure Approval: Q3:2017
8RFQ Date: Oct/2018
8Release Date: Nov/2018
8Start Date: Q1:2019
8Completion Date: Q4:2022
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Two new projects are going to be commissioned
8Find out who were the PMC contractors
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Project Name: Greenfield Hydroelectric Power Project
 8Project Cost: Rs 6210 crores
 8Project Description: Promoter is undertaking social impact assessment activities for a 600 MW greenfield hydropower project. DPR was prepared by using in-house resources. The project has been stuck due to the absence of forest clearance. Currently, the owner is undergoing site surveys and preparation of the final inspection report. Further bids are expected soon.
 8Project Event: RFQ for civil and hydro-mechanical works expected in Q1, 2019.
 8Expenditure Approval: 2012
 8RFQ Date: Q1:2019
 8Release Date: Q1:2019
 8Start Date: 2020
 8Completion Date: 2024
Click here for more information Details
8Project Name: Thermal Power Maintenance Project
8Project Cost: 5 crores
8Project Description: A subsidiary company, has planned a 36-day scheduled annual maintenance works in the 1980 MW super-critical thermal power plant. The major overhauling work includes residual life assessment of boiler pressure parts and assessing performance and condition monitoring of the furnace, mills, APH and associated ducts. The major equipment required will be a removal of the damaged supporting frame including support pipes, a supply of new basket for air preheater, repairing of economizer hoppers and seals. A further bid is expected soon.
8Project Event: RFQ for overhauling works is expected by the end September 2018.
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8Owner is planning to come out with the substation requirements in a 15 MTPA Coal Mining Project.
8The coal mining project is going as per schedule
8RFQ for the same is expected in October 2018.
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Project Name: Hydroelectric Power Plant Maintenance Project  
8Project Cost: 5 crores
8Project Description: Promoter has planned a 35-day scheduled annual maintenance in the 360 MW hydropower station. The major scope of work includes overhauling of auxiliary parts of the turbine and its blade sets, seals, and the oil cooling unit. Equipment required will be turbine bearings, gland seals, spiral casing, replacing of worn out rubber flaps, among others.
8Project Event: RFQ for the required overhaul works is expected by the October 2018.
Click here for more information
 The above link will open only if you have access to our sister site, www.energylineindia.com Details
Project Name: Thermal Power Station - Installation of FGD
8Project Cost: 1010 crores
8Project Description: A JV company is evaluating pre-qualification bids of an EoI for installation of the flue gas desulphurization main package in a 1200 MW thermal power station. Also, the owner is on the lookout for financial institutions to fund the project. Further bids are expected soon.
8Project Event: RFQ for the supply and installation of an FGD (Flue Gas Desulphurisation) system main package and its electrical power supply package are expected by the mid-September 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: 15/Sep/2018
8Release Date: 17/Sep/2018
8Start Date: Q2:2020
8Completion Date: Q3:2022
Click here for more information
 The above link will open only if you have access to our sister site, www.energylineindia.com Details
Project Name: Thermal Power Project - FGD Addition
8Project Cost: 210 crores
8Project Description: Owner is planning the installation of a flue gas desulphurization (FGD) unit in a 300 MW thermal power station. Currently, the owner is conducting a survey and investigation for the FGD by using in-house resources. The ESP has to be upgraded for revised environmental norms. An EoI for the FGD main package is expected soon.
8Project Event: RFQ for an EoI of an FGD main package is expected by the Q1 2019.
8Expenditure Approval: Q4:2018
8RFQ Date: Q1:2019
8Release Date: Q1:2019
8Start Date: 2020
8Completion Date: 2022
Click here for more information
The above link will open only if you have access to our sister site, www.energylineindia.com Details
The L&T has taken ONGC to court over the selection process adopted for building the offshore process platform in the KG-DWN-98/2 block
8The public sector E&P major has selected Afcons Infrastructure in consortium with Malaysian conglomerate Sapura for the contact
8Find out the grounds on which L&T has gone to court.
8This is the second time that L&T had to take recourse to judicial proceedings for the contract
8It won the first battle to stay qualified in the race, now will it win the second time around?
8How strong is its case?
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Engineers India Ltd is going through a bullish phase
8The order book is swelling
8What are the company's order book expectations in 2018-19 and 2019-20?
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The demand graph for LNG has seen three upward revisions over the last three quarters
8As a consequence, the point in time when the over supply situation turns into a deficit has been advanced.
8The point is now nearer than it had ever been in the past. Prices are expected to firm up from that point onwards.
8And this can be a massive bonanza for both ONGC and RIL-BP, whose investments are going start flowing in from 2020 onwards
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State government's now holding out a whole lot of promise to potential investors
8It is not just state government officials that you get to interact with
8You will interface with no less than the Prime Minister and his team
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City gas distribution companies are going through a rough patch
8The devaluation of the rupee and higher LNG costs have buttoned holed them for now
8Then the fact that heavyweight oil & gas majors are getting into the segments is not helping matters either
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The KG-DWN-98/2 is likely to see more action going ahead with ONGC's attention focused on possible Cluster-1 and Cluster-III fields
8There are also quite a few other discoveries which are currently at various stages of appraisal or approval
8And for oil & gas equipment and service providers it is important to keep track of these developments
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ONGC's Increased Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) programmes have been the backbone of its attempt to lift oil production from its ageing fields>
8A total cumulative gain of over 190 MMT of oil is envisaged from the 28 IOR/EOR schemes that are underway.
8But beyond a point, these programmes may not longer be viable
8Successive IOR and EOR programmes are getting to be more expensive
8So much so that that some of the programmes may soon stop becoming viable. Know more about how high breakeven levels have gone up
8ONGC is now pitching for a new incentive policy for such production
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Rotators are a breed of oil & gas professionals are the backbone of revenue generation for many oil and gas companies.
8These are prized highly paid mobile employees who provide technical skills needed to keep operations humming in far corners of the world, fill local capability gaps, transfer knowledge, and enter new markets.
8Talent management and compensation for these bunch of professional has now become a specialized art
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ONGC will soon get new independent directors
8The old lot is being replaced
8Except for two directors
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What is the world going to do with the 3 million barrels of high sulphur fuel oil that will become surplus once new bunker fuel norms come into circulation in 2020?
8A simple solution is now available which not entail a multi-billion dollar refinery upgradation plan
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Of the four CBM blocks that ONGC is looking at, which are the ones that the E&P major is prioritizing?
8What is the status of these blocks?
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Get a feedback on what ONGC is going with its marginal offshore fields
8How many have been put to production
8What further developments are expected?
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   Details
New technology induction is a tedious pocess in ONGC
8The business development case has to built from bottom up, and an equipment or service supplier has to work hard to get a technology to the tender stage
8Get a complete overview of new technology and equipment deployed by ONGC in the last three years
Click on Details for more  Details
8Project Name:  Greenfield Early Production System
8Project Cost: Rs 290 crore
8Project Description: Oil and Natural Gas Corporation Limited is soon expected to release a set of RFQs for construction and civil works for the setting up of an Early Production System. The project will be executed package wise instead of a single EPC contractor basis for EPS and the Pipeline segments. However, the final project approval is still pending from the head office and is expected soon. 
8Project Event: RFQs for hiring services for civil and construction works is expected by November 2018
RFQs for hiring services for mechanical equipment installation and commissioning works is expected by December 2018
8Expenditure Approval: Q2/2016
8RFQ Date: Nov/2018
8Release Date: Dec/2018
8Start Date: Q4/2018
8Completion Date: Q4/2019
Click here for more details Details
The project was commissioned in record time
8Find out more
Click on Details Details
8Project Name: Pipeline Expansion Project
8Project Cost: Rs 400 crore
8Project Event: RFQ for the composite Works (erection and installation) for integrated pumping station at Barwala is expected by October 2018.
RFQ for the composite work (erection and installation) for pumping station is expected by November 2018.
8Expenditure Approval: Q2:2016
8RFQ Date: Oct/2018
8Release Date: Nov/2018
8Start Date: Q1:2017
8Completion Date: Apr/2019
Click here for more details Details
8Project Name: POL Depot Expansion Project
8Project Cost: Rs 348 crore
8Project Description: The PMC contractor is SECON India
8Project Event: RFQ for the erection and installation work is expected by October 2018.
8Expenditure Approval: Q3:2016
8RFQ Date: Oct/2018
8Release Date: Oct/2018
8Start Date: Q4:2018
8Completion Date: Jan/2021
Click here for more details
8Business opportunity for the maintenance contractor for FCCU unit
Get key contacts here
Click on Details for more Details
Phosphoric Acid & Sulphuric Acid Greenfield Project        
 8Cost - Rs 18000 Crore
 8Project Event: RFQ for a process licensor was released in February 2018, finalization is due in October in place of August 2018. due to delay in the evaluation. Tender for EPC contractor is likely to be released in November 2018.
Click here for more information  
NOx Emission Reduction Project    
 8Cost - Rs 8 Crore
 8Project Description: National Fertilizer Limited is planning to implement NOx Emission Reduction in Nitric Acid Plant at Nangal Fertilizer Complex in Punjab. The Project Consultant is PDIL
 8Project Event: The NIT for LSTK contractor for the NOx Emission Reduction has been released and bid due date is 25 September 2018,  and it is likely to be finalized in November 2018.
Click here for more information  Details
For reference purposes the website carries here the following tenders:
8Supply of Cast Air Pre Heater for CDU Details
8Provisioning of Barge/ Dive Support vessel along with Dive spread for replacement of Sub-sea hose string of SPM Details
8Supply of CPVC Piping for replacement of Acid lines Details
8Scanning of UG pipelines in new tank farm area Details
8Providing Electrical Tracing and Insulation of pipeline and tanks Details
8Supply of Cable for Tube-Well Motors and High Mast at refinery Details
8Supply of GPS enabled pipe/ cable locator cum coating defect mapper for BKPL units Details
8Annual Rate Contract for Supervisory Services for Dresser Rand Make Equipment at refinery Details
8PAUT examination of pipe fabrication welds in lieu of Radiography for the project Single Train Operation of DHDT in refinery Details
8Earth Pit Resistance Testing and maintenance at refinery Details
You can also click on Tenders for more 
For reference purposes the website carries here the following Newsclips:
8Essential to bring petrol, diesel under GST: Dharmendra Pradhan Details
8Record High: Fuel prices rise up to Rs 4.5/L in 6 weeks Details
8Petrol price skyrockets to Rs 80.38 per litre in Delhi Details
8India should avoid knee-jerk reaction to oil price hike, says oil minister Details
8Flare-up in trade war, high crude prices to further impact rupee: Analysts Details
8Global marches seek urgent measures to combat climate change Details
8California governor signs bills to block Trump administration's drilling expansion Details
8Domestic fuel prices high due to weak rupee against USD: Pradhan Details
8After historic petrol and diesel price hike, CNG, PNG rates raised too in Gujarat Details
8Iran says to refund Total when phase 11 of South Pars gas project operational Details
8Rajasthan CM announces a 4-pc reduction in VAT on petrol, diesel Details
8Centre increased excise duty 12 times on petrol, diesel: Congress Details
8At meet, BJP skirts issue of runaway fuel prices Details
8Nationwide bandh today against fuel price hike Details
8The second tender for 10,000 electric cars will be floated soon: Saurabh Kumar, MD, EESL Details
8Crude oil prices climb as US drilling stalls, Iran sanctions loom Details
8U.S. energy chief to meet Russian, Saudi counterparts ahead of Iran sanctions Details
8Public pension funds slow to move on climate change risk -study Details
8Power projects heading to NCLT may get to retain fuel supply pacts Details
You can also click on Newsclips for more Details
Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 1860 crores
8Project Description: Owner has conducted a pre-bid meeting for civil and hydromechanical works for a 150 MW greenfield hydroelectric plant. Patel Engineering Limited, HCC Limited, Gammon India are among the big players in the bid. Further bids are expected soon.
8Project Event: RFQ for engineering, procurement, construction and commissioning of electro-mechanical works is expected by the end of September 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: 24/Sep/2018
8Release Date: 27/Sep/2018
8Start Date: Q2:2019
8Completion Date: Q4:2023
Click here for more information
The above link will open only if you have access to our sister site, www.energylineindia.com  Details
Historically, E&P contracts have been awarded in a conventional way, to separate vendors for specific activities such as drilling, services and construction.
8But the business model did change for one big Indian E&P player
8An end-to-end integrated partnership model has been developed
8And who are the partners playing a role in it?
8They are: Halliburton, Schlumberger, Petrofac and GE-Baker Hughes
8By consolidating existing contracts, cost reductions of up to 20% are anticipated
8Other companies are watching this business model carefully.
Click on Reports for more Details
The biggest E&P technology and service suppliers are actively involved in India. And they are
8Weatherford
8Schlumberger
8Halliburton
8BHGE
8TechnipFMC
8National Oilwell Verco
The website carries here an assessment of their strengths and weaknesses across the following services
8Wireline
8Testing
8Integrated Service Management
8Drilling & Measurements
8Bits (Halliburton is on holiday in ONGC here)
8Land Rigs
8Integrated Drilling Services
8SPM
8Well Services
8Artificial Lift Solutions
8Completions
8Valves and Measurement
8Surface Systems
8OneSubsea
8Drilling Systems
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There is no doubt a revival in the offing in the E&P investment cycle, but where exactly are we in it now?
8Capex budgets worldwide have been cut substantially since the onset of the 2014 oil price collapse.
8Capex budgets for 2015 and 2016 declined by an average of about 25% each year across our sample of super oil majors, and even 2017 saw around 10% decline in capex eventually, though we were initially expecting 2017 capex to remain flat.
8In 2018, projections from global oil majors point to only minor increases in capex – low single-digit growth, which is not exciting.
8All the deferrals will mean that more than 3mmbpd of supply that was supposed to come onstream by 2020 will now only come in the years after that.
8But does the capex story get better from here, or doesn't it?
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The whole lack of capex story eventually rolls on to impact the price of crude
8So, as Wood Mackenzie claims $1 trillion in capex from 2015 to 2020 has been taken out of the system, surely crude prices must go up
8Additional barrels of oil will come out of non-producing assets with a higher breakeven point
8But then why is the crude price slated to be lower next year than this year?
8What explain this contradiction?
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