For reference purposes the website carries here the following tenders: 8Procurement of Multi Gas Detectors Details 8Surface Facilities and Gas Pipeline at GCS Gamnewala at RKOE Asset Details 8Procurement of Gas Detectors Details 8Hiring of Services of 20 MT Hydraulic Cranes Details 8Integrated Shot Hole Drilling (SHD) and Seismic Job Services (SJS) for 3D Seismic Survey Details 8ARC for maintenance of CP System of Pipelines Details 8Procurement of Spare PSV & Pilot for Seal Oil System of GTCS Details 8Lumpsum Turnkey Organic Waste Composting Plant including Supply ,civil Work,installation & Commissioning and O&M Services Details 8Contract for Services of Operational Assistance for Upstream & Downstream & Midstream in various Process Plant Details 8Annual Rate Contract for PSV/ PCV Passing & Compressed Air/ other Gaseous Leak Detection Survey Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Adani partners UAE's Adnoc, Germany's BASF for $4 billion chemical ventureDetails 8Slowdown now hits oil sector; petrol, diesel consumption fallsDetails 8TC Energy declares force majeure on Keystone oil pipeline deliveries Details 8Brazil's Petrobras collects 200 tonnes of oil residue from northeast coast Details 8Russia sells crude at record premiums to Asia after freight rates surge Details 8Saudi crude oil exports rose to 8.22 mn bpd in August Details 8Shell aims to operate Egypt concessions in H2, 2020 Details 8Oil falls but losses limited by new Brexit deal Details 8Australia's Santos revenue rises 5.9% on higher gas prices, sale Details 8With little hope, Nigeria pushes USD 62 bn claim from oil majors Details 8Oil prices steady, all eyes on data seen showing China GDP growth slowdown Details 8Russia's ESPO oil premiums hit all-time high on rising freight rates Details 8Shell aims to operate Egypt concessions in H2, 2020 Details You can also click on Newsclips for moreDetails
Get into the mind of a large international shipping company and know more about how it looks at IMO 2020 regulations. 8How do various options pan out? 8Know more about how low and high sulphur fuel differentials will work their way through 8Will there be adequate supply of complaint fuel? Click on Reports for more
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Tanker charter hire rates have begun falling after scaling new highs 8The Middle East Gulf-West Coast India rate is currently pegged at $210,000 per day. 8Rates had soared since September 25, after the US government sanctioned two tanker subsidiaries of China’s Cosco for shipping Iranian crude in violation of unilateral sanctions. 8Average VLCC time charter rates climbed from $18,284 per day on September 25 to peak at more than $240,000 on October 11 Click on Reports for more
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Coal based Ammonia-Urea & Captive Power Plant Greenfield Project 8Cost - Rs 6500 crore 8Project Event: The project activities are still on hold due to an internal issues. Project studies were meant to be begin this month but are now now likely to start in December 2019. The proposal for the environmental clearance is likely be submitted in January 2020 instead of Decembe, 2019. Click here for more details Single/Triple Super Phosphate Greenfield Project 8Cost - Rs 30 crore 8Project Event:Construction work at ground will start in November instead of October Click here for more details Access available through www.indianfertilizer.comDetails
For reference purposes the website carries here the following tenders: 8ARC for Servicing and Reconditioning of Steam Traps Details 8TSV Inspection, Testing and Calibration at Pipeline locations Details 8Road Transportation of HSD through Mobile Dispensing Vehicle & Operatorship of Mobile Dispensing Vehicle Details 8Non-comprehensive AMC for VFD at Pipeline locations Details 8Inservice Lowering of pipeline at KRS Details 8Supply of 210 Ltr HDPE Containers for Mazgaon and Silvassa Terminal Details 8Supply of Pre-Fabricated SS Tanks for ROs under NWZ Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Air India asks for equity dues to pay up fuel bills Details 8New Delhi: No relief for private CNG cars may hit push for clean fuel Details 8ONGC Videsh makes two new oil discoveries in Colombia, Brazila Details 8HPCL-Mittal raises $300 million via offshore bond sale Details 8India's September fuel demand slips to its lowest in over two years Details 8Special thrust on gas infrastructure: Pradhan Details 8RIL can become first Indian firm to hit $200 bn m-cap in 24 months: BofA-ML Details 8North-East gas grid to get Rs 5,500 crore viability gap fundingDetails 8Oil prices fall as data points to huge build in U.S. stocksDetails 8Libyan gov't raises commercial price for kerosene as first step in reforms Details 8Australia's Woodside aims to hit go on $11 bln gas project in early 2020 Details 8Crude oil futures slip on soft demand Details 8Oil eases further below $59 on weaker economic outlook Details You can also click on Newsclips for moreDetails
A greenfield LNG FSRU project is coming up 8Delay in clearances has in turn delayed the issue of a RFQ for a PMC contractor, it seems Click on Details for moreDetails
The requirement for an EPC contractor for a GCS plus the installation of a pipeline in an E&P field will come up in December. 8A 35 km underground pipeline is also part of the work Click on Details for moreDetails
ONGC seems to be in two minds on how to go ahead with further development of the Kalol oil field in Gujarat 8Its EOI for a contractor under a Production Enhancement Contract did not elicit any response. 8Not willing to take a chance, the company has two plans up its sleeves. It will go by whichever one gets the best traction, it seems Click on Details for more
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UK based service provider Empro seems to keen to expand its footprint in India 8A new head has been appointed for the India operations 8It has has been able to inch its way up in the Indian market in the midst of heavy competition Click on Details for more
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Rapid decarbonization goals in some countries and the need for full accountability of methane emissions may curb the offtake of LNG sooner than later, according to new research. 8This may make some of the new LNG projects undergoing Final Investment Decision vulnerable to fresh regulations and demand offtake changes which may make them uneconomic. 8The major challenge to the future of gas will be to ensure that it does not become unaffordable (as is the case with many low income countries) and/or uncompetitive, long before its emissions make it unburnable. 8The true test for LNG as a viable fuel will come when methane emission, from oilfield to delivery point, is transparently calculated. It will then have to seen whether emissions are lower or higher than competing fuels, such as solar and even coal. 8The website also carries here new data on breakeven cost of gas delivered from new LNG plants coming on stream in 2023-24 to India Click on Details for more
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In order to remain affordable, gas must be delivered to high income countries at below $8/mmbtu and low income countries at below $6/mmbtu.This conclusion was based on a ten year data set from the International Gas Union on natural gas prices in more than 100 countries. 8China, India and a significant number of south and southeast Asian markets have substantial growth potential compared with their 2018 LNG import levels. Projections in Table 2 show Chinese LNG imports increasing from just under 70 bcm in 2018 to 132-163 bcm in 2030, and India from 30 bcm to 42-52 bcm over the same period. In eight south and south east Asian countries LNG imports are likely to increase from 24 bcm in 2018 to 108-140 bcm in 2030. 8But five of the latter are in the less than $6/mmbtu price category and therefore may find it challenging to increase their imports on this scale but results will depend on a combination of the capacity of their governments to subsidise, and the elasticity of demand as prices increase. Click on Reports for more
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Oil India Ltd has unveiled a big plan to revive as many as 90 sick wells within a 24-month time frame. These wells have been stopped flowing hydrocarbons due to various reasons 8It also plans to abandon another 60 wells 8The company is looking for an integrated contract, which will involve drilling rigs, well preparation, testing, evacuation and waste disposal Click on Reports for more
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Crude tanker rates have hit 15-year highs 8The last VLCC reported as provisionally chartered was the 2004-built, Dynacom-owned Folegandros, by Reliance, at $273,000 per day 8The vessel’s age and ex-drydock status represented a discount for the Middle East Gulf-India voyage, and was below several fixtures seen on Friday above $300,000 per day. 8Shipbrokers have struggled to digest the unprecedented surge, last seen in 2007 and 2008 when one ship fixture would result in a six-figure commission. Shipbrokers typically earn 1.25% of the chartering cost. 8Charter rates will not come down any time soon Click on Reports for more
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The PNGRB draft that allows for 20% capacity booking under the common carrier concept in CGD infrastructure has exciting the industry like never before. 8Those with existing infrastructure are opposed to the proposal 8But there are many who want the networks to be opened up for third party use 8Adani, for example, wants a 'focus group" to be set up. Others want more than 20% of capacity to be declared as common carrier. Click on Reports for more
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Ammonia and Captive Power Unit Greenfield Project 8Cost - Rs 1920 crore 8Project Event: Project activities are now likely to be start in November 2019. The proposal for the environmental clearance is likely to be submitted in November 2019 now, after they will plans will be drawn up for RFQs for services and equipment Click here for more details Sulphuric Acid Expansion Project 8Cost - Rs 100 crore 8Project Event:The project is in the initial phase of commissioning. Around 95 % of installation work has been completed. The commissioning has been delayed by 3 month but commissioning is slated for November 2019. Click here for more detailsDetails
For reference purposes the website carries here the following tenders: 8Sale of GSPC’s Ichhapore land near Surat Details 8Supply of Electric Motor Driven CNG Compressor for City Gas Distribution Project Details 8Floating of EOI for supply of 50 MW Open Access Power Details 8Two years Rate Contract for supply of liquid Nitrogen in Tankers Details 8Supply, fabrication, transportation and installation of RVI at various Retail Outlets Details 8Hiring of services for Ambient Air Quality Monitoring for Rajasthan Project Details 8Supply, Installation and Commissioning of Actuators for Valves Details 8Supply of SS Fittings Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8GAIL India offers two US LNG cargoes and seeks one for India delivery: Sources Details 8ExxonMobil, ONGC sign expertise-sharing deal Details 8Reliance Industries resumes Venezuela oil imports in barter deal Details 8Oil firms say Air India not honouring Rs 100 crore per month payment promiseDetails 8HCL renews multi-million deal with oil and gas major Equinor Details 8BPCL strategic sale could take place at Rs 510-Rs 1100 a share Details 8Tellurian to sell LNG at a lower rate of $6 to India Details 8Global oil majors see surge in Indian demand for natural gas Details 8ADNOC wants Italy's ENI, Austria's OMV to partner with it on refinery expansion Details 8Oil prices edge higher on potential Brexit deal; OPEC signals of possible cuts Details You can also click on Newsclips for moreDetails
The government has set in motion the process for disinvestment of BPCL 8No valuation modality has been settled at yet on how the reserve price will be settled 8The discounted cash flow model will be followed or even a relative valuation will be considered 8An asset based methods of valuation will be looked at, with market market valuation remaining a benchmark Click on Details for more.
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Rapidly changing developments on the international gas demand, supply and pricing fronts will limit India's capacity to develop its offshore gas assets from here onwards. 8The cost of gas needed for Indian offshore gas assets to get capital approval will have to be pegged significantly lower. 8The benchmark may not even be the DES price for spot LNG in the West Coast of India but the competitive price at which a liquefaction facility can deliver LNG to India while still breaking even or earning a viable return on investment, once demand for LNG begins to fall as a result of decarbonization. Click on Details for more
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Shipping charter hire rates for crude oil has shot through the roof 8In just over a week, the cost of taking a barrel of oil on that route, through the cheapest possible way, rose by $6 per barrel. 8Higher rates at the end of the year have been expected for quite some time, in light of the transition to marine fuels compliant with IMO2020 regulations7 starting in January 2020. 8Compliance with these guidelines is set to raise transportation costs by at least $100 per tonne. 8But recent attacks on shipping is expected to keep the market on fire for some more time 8There is also the equation of surging US crude exports. 8Then again, the US has imposed sanctions on two Chinese shipping companies, pushing charter rates higher 8Get the full implications of all these global movements on the Indian refinery and shipping sector Click on Reports for more
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The Adanis seem to have more than recouped their investment cost in the gas sector through a $600 million deal with Total. 8And not just that, they may have got enough cash to fund future expansion of Adani gas and the Dhamra LNG terminal with the money given by Total. 8The point here is that big money can still be made in the oil & gas sector, once the regulatory hurdles are cleared and asset creation is promised. With financial muscle power and connections, extraordinary returns are possible in India in the oil & gas sector, the Adani deal seems to signify. 8With IOC and GAIL stepping away from the Dhamra LNG terminal, Adani was able to capitalize 50% of the stake to Total. 8Then again, the city gas distribution asset stands capitalized at a significant value as well. 8The next move is likely to be on the Mundra LNG terminal: Will the Adani-Total JV, a formidable combine, be able to wrestle the commissioned but non-functional LNG terminal out of the grip of GSPC? 8And what about Total: Did it pay the right price for a stakes in Adani's gas ventures? Click on Details for more
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Energy Saving-cum- Ammonia-Urea Expansion Project 8Cost - Rs 540 crore 8Project Event: Critical equipment purchase is ongoing, and construction is likely to be started in January 2020 in place of October 2019, due to delay in the procurement work. The project is likely to be commissioned in December 2020. Click here for more details Phosphoric Acid Greenfield Project 8Cost - Rs 300 crore 8Project Event:RFQ for the EPC Contractor in April 2020. Click here for more detailsDetails
A crucial regulatory sanction has been obtained 8Work is soon going to begin on this Rs 1800 crore pipeline 8When is the next RFQ due? Click on Details for moreDetails
Indraprastha Gas was reminded last week by the PNGRB that its exclusivity period for applicability of common carrier principle is just 5 years from the date of authorization 8But its infrastructure exclusivity will stay on till the year 2032 Click on Reports for more
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In the India Energy Forum organized by CERAWeek yesterday, a fresh estimate of gas demand in India by 2030 was made by IHS 8Find out how far up with gas demand in India be in comparison with the likes of Japan, Korea and China Click on Details for more
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For reference purposes the website carries here the following tenders: 8Supply of Fastners for Heat Exchangers Details 8Supply of Gaskets for Heat Exchangers Details 8Supply of CNG Dispensers for CGD Project Details 8Telecom System Upgradation Works of Mumbai Pune Solapur Pipeline Details 8Supply, Installation and Commissioning of Actuators for existing Valves Details 8Charter hire of Motor Launch Services Details 8Hiring of Services for O&M of Rig EV-2000-1 for three years Details 8Procurement of Two Skid Mounted Engine Driven Portable Air Compressors Details 8Hiring of various job contract services for R Series Platforms at Ratna field Details 8Sale of 4000 SCMD Natural Gas from Kolavada EPS Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8ONGC free to sell stake in HPCL: Dharmendra Pradhan Details 8Cabinet to consider splitting GAIL, pipeline business not to be sold before 2022Details 8India to see $118 bn investment in oil, gas sector in next few years: Pradhan Details 8Mundra LNG terminal to be commissioned by December Details 8Reliance Industries to swap diesel for Venezuelan crude oil in barter Details 8India holds 100 Tcf of gas reserves, enough to meet half of demand till 2050: BP chief Details 8Bringing LNG under GST will improve affordability: Debasish Mishra, Deloitte India Details 8Indian Oil Corp, ExxonMobil sign MoU for collaboration in LNG business Details 8Total, RIL unlikely to bid for BPCL; BP wants to see whats on offerDetails 8Pradhan appeals to FM Nirmala Sitharaman to include natural gas and ATF in GSTDetails 8U.S. says ready to give India technical aid to build strategic oil reserve Details 8IIT-M, ExxonMobil Research join hands for biofuel research Details 8UAE cooperating with Russia to buy Russian nuclear fuel, ministerDetails 8WPI inflation eases to 0.33 per cent in September Details You can also click on Newsclips for moreDetails
Is deepwater gas supply out of India's KG basin viable under current global gas supply conditions? 8At stake is a $10 billion investment made by RIL-BP and ONGC in the high pressure, high temperatures reservoirs in the deep waters of India's east coast. 8Know more about the key strategic mistake these E&P companies made while pumping money into the gas fields Click on Details for more
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The biggest boost to gas demand in India is expected to come not from the traditional sources of demand, such as power, fertilizers, petrochemicals or refineries but from a so far untapped segment. 8The upsurge in demand is expected to come sooner than expected, perhaps within the next six months. 8Find out how Click on Details for more
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An international survey on the implications of the IMO 2020 regulation on use of low sulphur fuel has thrown up some very interesting conclusions. The following questions were asked: 8Where is your business located? 8How many vessel (s) do you currently manage/operate? 8Which of the below statements describe your intention about the IMO 2020 Sulphur Regulation? -- One way or another, our vessel(s) will definitely comply with the Regulation -- Not sure, we shall wait and see how the market will react... -- No way we can comply, our vessel(s) will not be commercially viable under this Regulation 8How do you intend to comply with the IMO 2020 Sulphur Regulation? -- By having installed exhaust gas cleaning systems or “scrubbers”? -- By using gas as a fuel or low-sulphur compliant fuel oil? -- Ny using other meansures? 8The IMO 2020 Sulphur Regulation is planned to come into force on January 1st 2020; do you think that this date can change? 8 How do you think that the IMO 2020 Sulphur Regulation affects your business? Click on Reports for more
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The man to watch in the gas sector is Akhil Mehrotra, the chief executive officer of Pipeline Infrastructure Ltd (PIL), owned by Canada's asset management company, Brookfields, and owner of RIL's East West Pipeline. 8It was a controversial acquisition, and the deal with the promoters of RIL took place a day after the PNGRB, under DK Sarraf, tripled the tariff rate for the pipeline. There had been serious accusations of gold plating of the cost of the pipeline. 8Mehrotra is an IIM Bangalore product, and has line function experience in the India's gas supply chain. It was smart on Brrokfield's part to pick him for the job. 8Even though the takeover of the pipeline was mired in controversy, the very fact that it is owned by a foreign asset management company means there will be more transparency in its decision making. It can perhaps set the trend for other pipeline companies whose workings are completely opague. 8PIL admits it is making a loss on its transaction as of now, with borrowings at a massive Rs 12, 711 crore but it is hopeful of the future. Mehrotra's biggest challenge will be to ensure servicing of this loan component on a standalone basis, while also guaranteeing a return on an equity capital of Rs 3000 crore, on a pipeline that has a low capacity utilization level. 8Can we expect some innovative thinking coming out of the company? What are the two defining KPIs set for Mehrotra by Brookfiled? Click on Details for more
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A 7-year, Rs 4253 crore development drilling programme involving over 600 wells have been unfolded 8The yearly spend will be in the range of Rs 600 crore Click on Reports for more
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There is a 10% decline in Indian rig count at a time when there is heightened E&P activity on the ground 8Is the rig count a function of crude prices in India? Click on Details for more
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The development of enhanced oil recovery (EOR) techniques over the last decade contributed to politicizing the subsurface – that is, putting underground resources at the center of social unrest and political debates. 8This is a case history of one country which took sub surface politics seriously enough to discourage the use of EOR techniques. 8In India however, EOR is actively promoted by policy. Cairn India, till recently, took pride in sponsoring the world's largest polymer flooding programme, which pumps large volumes of chemicals, some of them carcinogenic, into the ground. 8Will sub surface politics ever emerge in India as a potent counter movement? Click on Reports for more
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Ammonium Phosphate Greenfield Project 8Cost - Rs 500 crore 8Project Event: The project activities are on hold but is likely to be active in January 2020. RFQ for the EPC contractor is likely to be released in April 2020. Click here for more details Granular Single Super Phosphate Greenfield Project 8Cost - Rs 148 crore 8Project Event:The proposal for the environmental clearance has been accepted and the project is in the initial stage, RFQ for the EPC contractor is likely to be released in November 2019 in place of October 2019 due to delay in the discussion. Click here for more detailsDetails
This is an LNG FSU plus land-based storage facility that is to slated to come up in the Andhra Pradesh coast 8The focus, according to the management, is to elicit an environment clearance 8RFQs will then be about 6 months ahead Click on Details for moreDetails
An in-house team is working as the PMC 8Contracting is ongoing 8Find out what is the current status, also know more on what kind of RFQs are coming up ahead Click on Details for moreDetails
A distressed local company is wanting to sell its Floating Storage and Offshore Unit (FSO) which is going to come off contract this year. 8The selling price is attractive enough, it seems, to attract a buyer Click on Reports for more
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What should really be the cost of an unfinished work programme? 8The dry well principle is used 8But often the DGH has its own way of raising demands, which end up being contested by operators How can this problem be solved?
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For reference purposes the website carries here the following tenders: 8Supply of Magnetic Pigs Details 8CPP-1 and 2 Surface Condenser Blinding, In-situ tube cleaning, Testing, De-Blinding and Hot-Bolting Details 8Supply of Pipes Details 8Job of procurement of Helium & Nitrogen Gas Cylinders Details 8Supply of Know-how/ License, Basic Engineering Design Package, Catalyst, Proprietary Items for Solvent Deasphalting Unit Details 8Supply of Chrome Free Lignosulphonate Details 8Procurement of ERP Canopies Details 8Supply of Emerson Make Magnetic Flow Meter Sensors for SARU Unit Details 8Operation and Maintenance of ETP and Supply of Bio-chemicals Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Petrol, diesel prices continue downward trend Details 8Pollution: Delhi's air quality remains poor for fourth consecutive day Details 8Fuel payment issues with oil PSUs will be resolved early: Air India assures flyers Details 8USD 60 bn investment coming in gas infrastructure: PradhanDetails 8IOC developing batteries from indigenous metalsDetails 8Recent regional developments have impacted India's energy security: Dharmendra Pradhan Details 8West Asia tension & trade war may hit energy security, economy: Pradhan Details 8Numaligarh Refinery to invest Rs 62 crore in CSR activities in Assam in 2019-20Details 8Airbus Helicopters hopes Centre will resolve Pawan Hans disinvestment situation 'very quickly' Details 8Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant RuiaDetails 8Total and Adani in $600 million deal to supply and market natural gas in IndiaDetails 8BP, Shell among bidders in $800-million Brazilian oil auction Details 8Saudi Arabia says its oil output fell 660,000 bpd in Sept after attacks Details 8Shell consortium, Petronas win oil blocks off Brazilian coastDetails 8Putin to discuss stabilising oil prices during Saudi visit on Monday Details 8China's CNOOC looks to replace COSCO-linked LNG tankers after US sanctions Details 8Oil prices rise 2% after Iranian oil tanker explosion raises supply concerns Details 8BP says taking $2-3 bn hit on asset disposals Details 8BRIEF: Unrest in Ecuador curbs output of nearly 900,000 barrels of oil Details 8'Business as usual' for oil after Saudi attacks, oversupply looms: IEA Details 8U.S. drillers add oil rigs for first week in eight -Baker Hughes Details 8Aramco hopes to repair remaining damage from attacks by end-NovDetails 8France joins Cyprus for naval maneuvers amid natural gas dispute Details 8Iranian official says oil tanker attack will not go unpunishedDetails You can also click on Newsclips for moreDetails
PNGRB is looking to review tariff rates in light of the changes in income tax provisions 8But the industry claims that the issue is not as easy as is made out to be by the regulator Click on Details for more
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Petronet LNG Ltd's argument for an adjustment in the oil price slope against its purchase of long term LNG from Qatar was based on a lot of global data 8Data from 2018-19 shows that oil-linked contract price slopes remained mostly within the 11–12% range, continuing with the declining trend seen since 2014 (when the range was concentrated between 13% and 14%). 8Even as PLL grapples with the Qatar contract, there are some in the industry who claims that Total may have extracted a less risky deal out of Tellurian than PLL Click on Details for more
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Afcons lack of experience as a standalone vendor comes into sharp relief in the two Life Extension of Well Platforms project that it is implemeting 8After one of the consortium members backed out while in the middle of the project, Afcons has taken on the responsibility 8The project has been delayed but even a newly set deadline is unlikely to be met Click on Details for more
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Cairn India is till to properly formulate its strategy for the OALP blocks 8There are too many blocks and the company is still fumbling with what kind of strategy to adopt for their development Click on Details for more
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