Megha Engineering and Infrastructure Ltd wants to hit first oil from one of its DSF fields in mid-August 2020 8Earlier there were doubts where this deadline can be met 8But the company seems to be prepared to meet this deadline and is in the process of finalizing services contracts for the field Click on Details for moreDetails
Helicopter company Global Vectra is in the eye of a storm over alleged "unsafe" flying in Mumbai High. 8Helicopters ferrying ONGC personnel to offshore platforms have not been always safe and there have been loss of life 8Is ONGC headed for another accident because adequate safety measures are still not in place? 8The ONGC brass cannot turn around and say it has not been warned Click on Details for more
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Not all LNG terminals eventually become viable 8Here is a 5 MMTPA terminal, meant to be an FSRU and with some shore base facilities 8The project had blue chip promoters but had to be abandoned Click on Details for more.Details
Here is an ethanol plant not being set up using biomass 8EIA has been prepared 8Engineering consultant is a private sector major 8Technology provider has been settled 8Expect EPC contractor RFQ soon Click on Details for moreDetails
The industrial belt of Morbi has been in focus following a National Green Tribunal order which forced the ceramic cluster to switch to using gas instead of coal. 8Peak gas consumption from the cluster is pegged at 6 mmscmd. There are 100 such industrial clusters around the country, which the NGT believes can switch from using coal or liquid fuels to gas, thereby opening up a huge opportunity for gas suppliers. 8The gas is supplied by Gujarat Gas and transportation is through the GSPL network. Gas contracts are short term in nature, ranging from 2 to 3 months. 8The very nature of the gas supply matrix is such that the cluster is unable to negotiate a better gas price -- with LNG spot prices now a little over $4/mmbtu -- with competing suppliers as it is under the grip of two monopolies, one, the supplier of gas and the other, the transporter. 8The PNGRB is trying to loosen up this grip by calling for application of the common carrier concept to local area gas suppliers but the fact that Morbi will not stand to gain from it is a glaring of example of how regulations can fall way short of expectations. Click on Details for more
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Having failed to elicit a good response against its tender for 5 mmscmd of gas at a slope of 9% to the Brent index, the RIL-BP duo will have to try again 8What caused the auction to fail? 8When will the two try again to hold another auction? 8How will the auction parameters change? Click on Details for more.
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For reference purposes the website carries here the following tenders: 8Supply & Fixing of Metal Safety Guard Rails on the road sides at KLPL Plant Area Details 8Supply of 100,000 KG of Tri- Ethylene Glycol Details 8Hiring of Services for Pipeline Laying and associated services for replacement of Spur line Details 8Procurement of piping materials Details 8Repairing of Absorber columns Details 8Carrying out Instrumentation Maintenance Jobs Details 8POL Bottom Loading Arms for Krishnapatanam Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8India's September oil imports at three-year low, Saudi regains top spot Details 8ONGC Videsh board may consider listing at next meeting Details 8SBI seeks government help to salvage Rs 1 lakh cr gas plantsDetails 8Dubai's Dragon Oil buys BP stake in Gulf of Suez oil firm in Egypt Details 8Canada's oil and gas sector wary of left-leaning parties in minority government Details 8Brazil sending more troops in oil spill clean-up Details 8UBS, Simmons Energy pare bankers as shale M&A slows - sources Details 8FACTBOX-Canada's energy policy as Liberals look set to form minority govt Details 8Rosneft sells contaminated oil to Vitol at more than $25/bbl discount Details 8Oil slips after U.S. inventory build, but possible OPEC cuts support market Details 8Petrobras, Brazil's government near oil marketing deal: official Details You can also click on Newsclips for moreDetails
It is a Single Super Phosphate manufacturing project 8Cost - Rs 48 crore 8Project Event:The proposal for the term of references has been submitted and RFQ for the EPC contractor is likely to be released after the environmental clearance. Click on details for moreDetails
For reference purposes the website carries here the following tenders: 8Supply of Motor Operated Valves for LPG Pipeline Details 83 year rate contract for miscellaneous painting jobs in refinery and offsites Details 8Job of Supply, Installation and Commissioning of Heat Transfer Labeling Machine Details 8Civil Works for Chemical Storage Shed and Exchanger Tube Shed Details 8Supply and installation of valve actuators Details 8Supply of Sodium Meta Bi-Sulphite Details 8Agency for NDT and certification of pressure vessels and SRVs under SMPV (U) Rules at refinery Details 8Design, installation, testing and commissioning of fall arrestor system Details 8Lining up of an agency for leak survey at refinery Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Indo-US energy trade to touch $10 billion in FY20: Dharmendra PradhanDetails 8India's Trilemma: Balancing energy security, access & sustainability Details 8Pradhan to visit Russia, Japan from Oct 22-26 Details 8Farmers seek action against BPCL Details 8Rajasthan: Fuel pumps to remain shut for 24 hours over VAT rateDetails 8Oil Search cuts 2019 production outlook, slashes capex on project delays Details 8Exxon trial probes how oil giant accounts for climate change Details 8Companies slow to disclose financial costs of climate change -report Details 8Energy aid neglects 'health emergency' fuelled by dirty cooking Details 8PetroChina to operate 18,000 gas wells in Changqing for winter heating Details 8US fails to halt Iran's oil industry development: Minister Details 8Qatar Petroleum offers low-sulphur marine fuel oil at domestic ports Details 8Ecuador resumes oil exports curbed by protests Details 8Oil prices edge up on U.S.-China trade optimism, but demand concerns cap Details You can also click on Newsclips for moreDetails
Oilex has got the upper hand in the dispute with GSPC over control of the Cambay block 8Will it eventually want to take 100% control? Click on Details for more Details
McDermott has got in a new country manager in India 8He brings in wide experience, and is expected to give impetus to the engineering and EPC major's business India 8The multinational has 2200 people working in India Click on Details for moreDetails
What is the latest status on the Mundra LNG terminal? 8It was commissioned a year ago, and it looks like the situation is going from bad to worse, with the Adanis playing truant. 8Meanwhile, caught in the scuffle, contractors are claiming that they have not been paid their dues. Click on Details for moreDetails
The Delhi High Court had ordered a probe by the Central Vigilance Commission (CVC) into allegations of irregularities alleged by Petronet LNG project head, Rajeev Agarwal. 8What is the latest status on the subject? Click on Details for moreDetails
The Indian offshore E&P business has seen little competition so far. There are only a small clutch of local players in the fray. 8Only L&T seems to have the prowess to bid on its own. 8One new player, with a global tie-up, is now eyeing the space. There is speculation that it can indeed become a formidable player Click on Details for more
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Get the latest update on a Greenfield Slurry Resid hydro cracking (indResid) 8It is a pilot project, worth Rs 150 crore 8The PMC has been appointed Know more on what is next.Details
ONGC has awarded a contract for overseeing the overall integrity of its offshore and onshore pipelines as well as its gas distribution network 8The one-year contract is for a sum of Rs 30 crore Click on Details for more
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Are there second thoughts on the B-37 offshore development by Sun Petrochemicals? 8The block was awarded under DSF-2016 but was sent for relinquishement Click on Details for more
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ONGC's Ramanathanpuram Onshore field will see a spurt in activity 8An EIA consultant will be needed 8And eventually a drilling rig too Click on Details for moreDetails
Get an update on PFH Oil and Gas Ltd's drilling campaign in the Cambay Basin 8It is a gas block and gas transportation will be involved Click on Details for moreDetails
What happens to Numaligarh Refinery, if Saudi Aramco were to take over BPCL?. The latter owns 61.65% of the refinery. Already, political noises have begun emerging in the North East over its "privatization" and the need for the company to be kept out of private hands.This website's view is that the government must ignore what would soon become a strident demand to handover Numaligarh refinery either to Indian Oil Corporation or for OIL India Ltd and the Assam government, who are already stakeholders, take over the refinery. 8The 6 MMTPA refining expansion is being built on a 50% excise rebate and a Rs 1000 crore central government capital subsidy. 8When the refinery is expanded, most of the the extra capacity will only cater to demand originating outside of the North East. The industrial climate in the region is poor and it is unlikely that enough demand for petroleum products will be created there to keep a 9 MMTPA refinery going. There are three other refineries already operational in Assam and jostling for market share. Then again, what is the point of importing crude via a pipeline all the way from the East Coast, and then taking finished products back through a pipeline that will run parallel to the one importing crude? 8The expansion of the refinery is wrongly seen by the Modi led BJP government as a sop to the industry-deficient and militancy ridden North East of India. This was exactly the logic on which the existing refinery was set up when Rajiv Gandhi signed the Assam Accord with the agitating All Assam Students Union in 1984. 8But a lot of a water has flown down the Brahmaputra since then. Stagnating crude production from the Assam fields now means that a 1,350 km crude import pipeline all the way from Paradip will now have to feed the refinery expansion. It is also a well established fact that a state-of-art refinery employs very few people and the Numaligarh refinery, per say, had little or no economic linkage with the rest of Assam's economy. More so, as no refinery related ancillaries have come up in Assam. 8Bangladesh and Myanmar are also meant to be target markets for the Numaligarh refinery when its refinery capacity expands. The question is should a subsidised Indian refinery be selling petroleum products to a neighbouring country or to its own people? It is also a myth that Numaligarh can help sell Indian petroleum products in Myanmar. The route to Myanmar is long and torturous, and traverses difficult, militancy ridden terrain. A pipeline will be unviable given low offtake in areas bordering India and the fragile border roads will not be able to take the load of tankers ferrying MS and HSD from the plains of Assam to the Burmese border. 8Let the new owner take a call on the fate of the Numaligarh refinery. If they do not want to go through an expansion, the subsidies to be granted to the refinery should be pumped back as cash into the state by the govenment to build schools and hospitals and spruce up its dilapidated infrastructure. This will provide a miuch higher social return on investment than doling it as a subsidy to the refinery. 8It is however to be noted that all central governments become a little weak-kneed when it comes to dealing with the North East. Manmohan Singh, before he demitted office, forced GAIL to set up a subsidized petrochemical cracker unit in Dibrugarh, in the easternmost foothills of the Himalayas. The central government continues to foot its capital and fuel subsidy bills. 8The Numaligarh refinery may still be bailed out by the central government but that will be for the wrong reasons. Yes, the North East needs help but there are other better ways of helping out. Editor: Indianpetroplus.comDetails
RIL is planning to hit first gas out of its KG Basin investment in mid-2020. 8ONGC is also planning an initial tranche of first gas out of its KG-DWN-98/2 block in December, 2019 8Both of them are looking at new gas deals 8What kind of gas prices can they elicit in the face of spot JKM LNG price hovering at sub $4.5/mmbtu Click on Details for more
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The Adanis have roped in more partners for a chemical complex in Mundra 8Earlier, it had partnered with BASF for it. 8The cost of the project can now go up to Rs 30,000 crore Click on Reports for more
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A product pipeline, propylene pipeline, a lube pipeline and a naphtha pipeline are under planning 8Find out more on when capital approval is due 8What kind of RFQs are expected? Click on Details for moreDetails
This is a block that ONGC had been at work since 2013 and then won it back in the DSF-II round 8The company has now drawn up a Rs 300 crore plan to boost gas production 8What our more on what kind of RFQs are up ahead Click on Details for more
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The GAIL CMD's slot may not go to a company insider 8Find out why the government may in fact want an outsider to run the company 8Also, know more on who are the outsiders in the fray.
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Ammonia-Urea Energy Saving Project 8Cost - Rs 481 crore 8Project Event: The project implementation is in mid-stage, 60 % of the project has been completed, The company needed Rs 280 crore for left work, which is under process, and an overall capital approval for Rs 280 crore is likely to approve in October in place of September 2019, due to delay in the process. The installation of the first and second HRSG has been completed and erection of GTG is ongoing. RFQ for the Construction of Sheds at Transformer and Pump Area & Instrument erection contract has been released and bid due date is 23 October 2019. The project is likely to be commissioned in February 2020. Click here for more details Sulphate of Potash-Bromine and Captive Power Unit Expansion Project 8Cost - Rs 500 crore 8Project Event:The project is in the initial phase management is taking time to move forward, The RFQ for the EPC contractor is likely to be released in December in place of October 2019 due to delay in the discussion. Click here for more details Available only through www.indianfertilizer.comDetails
All public sector bio-ethanol refineries in India are forced enterprises, as of now. Promoters claim that the cost of setting them is too high whereas the availability of feedstock is in doubt. 8Most calculations put the IRR at less than double digits. Some, who are struggling to incorporate revised costs based on EPC bids, claim that the returns can in fact be negative. 8Under such circumstances, is it possible for state governments to attract private investments in bio-ethanol plants? 8Some states are now specifically asking for such plants to be set up, sops are being offered Click on Reports for more
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With BPCL now slated to be handed over to Saudi Aramco, what kind of valuation can be expected for the company? 8Get an asset-wise valuation of the company here. 8Also, Saudi Aramco may be killing more than one bird with such a takeover. 8It will clearly get a captive source of crude in India, and this is bad news for other oil companies, as Saudi Aramco can finetune the crude price to keep BPCL's prices competitive with an eye at garnering more market share. 8Then again, BPCL has bought a slice of the Mozambique LNG project at a far more attractive price than ONGC and OIL, and this is something that Saudi Aramco will prize 8BPCL has several investments over and above its standalone status. We carry here an overall valuation exercise for the company. Click on Reports for more
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For reference purposes the website carries here the following tenders: 8ARC for Servicing and Reconditioning of Steam Traps Details 8Procurement of Pipes Details 8Supply of Tube Bundle with Dummy Shell Details 8Supply of Demulsifier for Ahmedabad, Tarapur & Sanand Miroli Block Details 8Hiring of Diesel Generator Sets for Ahmedabad Block Details 8Supply of Rotary Drilling Hoses Details 8Supply of 2,400,000 Kg of Sodium Format Details 8Supply of Isolation Transformers Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Strategic disinvestment of both HPCL, BPCL this year? Details 8India must focus on natural gas as an intermediate fuel amid rising RE share: Sumant Sinha Details 8Maritime industry seeks solutions to limit pollution Details 8No respite for Delhi as stubble burning cases rise Details 8Farm fires may account for 19% of Delhi’s PM2.5 today Details 8The long and winding road to BPCL privatisation Details 8Reliance bets big on Madhya Pradesh; eyes more investment Details 8India's Reliance Industries reports 18.3% increase in net profitDetails 8RIL's retail biz crosses Rs 40,000 crore revenue: Takeaways from Q2 nos Details 8RIL yet to decide on adoption of newer rate of corporate taxation Details 8Tramp shippers to be most challenged by IMO 2020 rule change: ICS Details 8Reliance Industries says on track to produce gas from newer fields by mid-2020 Details 8India's 1st plant to convert paddy straw into biogas near Delhi to tackle pollutionDetails 8Kerala: Construction begins for CNG-LNG dispensing station at Anayara Details 8Oil prices dip on weak demand outlook, supply concerns Details You can also click on Newsclips for moreDetails
It is a Rs 468 crore product pipeline 8Route survey has been done 8Two in the race for EIA consultant 8On the look out for an EPCM contractor 8RFQ for main pipes expected in January, 2020Details
The Rs 400 crore CPF and pipeline project has been delayed, with commisisonign scheduled in April, 2019 but out off to May, 2020 8Tata Projects is the contractor 8But further delays are anticipated Click on Details for more
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Mercator is trying hard to stay afloat after the court dismissed a plea against the encashment of a Rs 142 crore bank guarantee by ONGC for non-delivery over a contract to convert the Sagar Samrat rig into a MOPU 8The company is cannibalizing its assets. A company-owned dredging ship sank early last month. 8Find out more on the on easset that the company is not keen to sell Click on Details for moreDetails
ONGC seems to have finally woken up the possibility that the joint venture route is being occasionally misued by domestic companies to bring in a foreign partner to bid against a tender. 8This "lacuna" reported came to light recently Find out how ONGC intends to plug this gap
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When there is a wide differential between spot and contract prices, offtake of LNG becomes a problem, particularly when offtakers try and push it reluctant buyers 8Lack of offtake can also be on account of a slowing economy 8Find out how PLL's Dahej LNG terminal is fighting a serious overstorage problem.
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Ammonium Nitrate and Nitric Acid Greenfield Project 8Cost - Rs 1375 crore 8Project Event: The project is under under pre-feasibility study of PDIL. The RFQ for the EPC contractor is likely to be released in November in place of October 2019 due to delay in the studies. Click here for more details Phosphoric Acid Expansion Project 8Cost - Rs 100 crore 8Project Event:Installation is still ongoing, commissioning has been delayed by three month due to delay in construction. Now the project is likely to be commissioned in November in place of October 2019. Click here for more details Availabel through www.indianfertilizer.com)Details
Environment clearance for a Rs 215 crore, 4-well exploratory drilling programme has come in 8Expect tenders next months now Click on Details for moreDetails
RFQs for rig mobilization, mobile ETP and civil works for a 15 well exploratory drilling programme are coming up soon 8RFQs were delayed by a few months on account of lack of clearances Click on Details for more
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Two more storage tanks are coming up in PLL's Dahej LNG terminal 8The need to quickly put up the extra storage has been underscored by over-flowing tanks at present. 8Work is being expedited, though there will be a big time lag between award of tender to construction and commissioning of the additional tankage. 8BIdders however remain sceptical
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Ageing pipelines in Mumbai High are a big source of worry for the ONGC brass. 8There are about 500 km of non-piggable pipelines carrying vital well fluids in the area 8Pipeline diagnostics and eventual repair can be a big business development opportunity for vendors. Find out what ONGC is doing about it
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What is the status of NRL's tenders in the face of uncertainty over who its eventual owner is going to be, now that BPCL is well on the path of being privatized by March, 2020. 8Tenders are going to be issued, it is learned, and bidders are lining up to participate 8"We are going ahead on good faith, assuming that the govenrment will find a solution to the problem," one bidder told this website, "after all, the project is sanctioned by the union cabinet," he added Click on Details to know more on what is happening on that front
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