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Nov 2018

The slide in crude oil prices can get the world back to a re-run of 2015/2016,
8This projection was led out a renowned research firm
8Find out how the dynamics have changed over a period of a few weeks
Click on Reports for more Details
Infosys has hired a first-rate oil & gas team to push this segment of the business ahead
8It is working on a range of oil & gas products, all using the latest technological resources.
Click on Reports to know more Details
8Solid wastes in India is expected to reach about 440,460 tonnes/day by the year 2026.
8NTPC now plans to set up 100 waste to energy pollution free plants at its existing thermal plant areas.
8As per CEA, capacity enhancement of about 1200 MW is planned by 2031 through this route..
8Technology analysis for the waste-to-energy conversion projects is carried here
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Details
It looks like GSPC is asking for more time to pay up its outstanding cash calls
8The court had ordered that  it pay up $1.1 million in cash and $3 million in bank guarantees to the court pending the outcome of an arbitration between the two parties
8GSPC is now asking for more time to pay up
Click on Details for more Details
Shapoorji Pallonji has always been a very aggressive player in the Indian offshore market.
8It has grabbed a big chunk of the $5 billion KG-DWN-98 contracts already
8But in yet another contract, involving an FPSO for the same block, its tie-up with Bumi Armada, and the subsequent march of events is raising eyebrows all around.
8This is going to be one contract that ONGC needs to be very careful about.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8
Supply, Installation and AMC of bottom loading and Vapor Recovery arms, hoses and associated items Details
8Procurement of Crossovers of various sizes for WOS Section Details
8Hiring of Services for Production Testing Services for Work Over Jobs Details
8Supply of Chrome Free Deflocculant Details
8Hiring of CTU, Pumper and Nitrogen Services for a period of two and a half years Details
8Procurement of Centralizers Details
8Revamping of vapour extraction system and associated works Details
8Procurement of Valves for refinery Details
8Hiring of Engineering Consultancy Services for preparation of As-Built Drawings Details
8Supply and Commissioning of one number skid along with associated piping items Details
8Supply of High Speed Diesel Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
GEECL plans to exploit shale worth $2.78 billion at its Raniganj (South) block Details
8Share market update: BSE Oil & Gas index dips; Petronet LNG down 3% Details
8Macron says agreed with Trump to pressure oil producers Details
8Petrol prices fall by 15 paise in Delhi, diesel less by 10 paise Details
8Citi says oil's record plunge is a `Made in America' phenomenon Details
8Russia's Putin: I discussed oil prices with Trump Details
8Montenegrin activists protest against Adriatic oil prospecting Details
8Head of Mexican oil industry regulator to step down Details
8Crude oil could drop below $50, warn analysts Details
8PM to lay foundation stone of CGD projects on November 22 Details
8Fall in global crude price may ease India’s import bill and inflation Details
8Pollution board plans complete ban on private cars except CNG ones in Delhi Details
8CNG, PNG coverage set to expand to 70% population Details
8Fitch keeps India's sovereign rating unchanged at 'BBB-' Details
8October trade deficit widens to $ 17.13 billion despite decline in gold imports Details
8Gas cylinder blast: Consumer commission directs IOCL, distributor to pay Rs 10 lakh Details
8PetroChina's gas marketing consolidation worries independent sellers Details
8IIT researchers devise programme to maximise LPG connections Details
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Details
The bank guarantee encashment did not find any mention in the contract
8The multinational has therefore sued ONGC for encashing the bank guarantee
8Know more on what the court had to say
Click on Details for more Details
8Project Name: Oil Field Exploration under OLAP-I
8Project Cost: Rs 500 crore
8Project Description: Oil India Limited is planning to start exploration activities in its OLAP-1 block in western India. The company plans to carry out a 2D and 3D seismic survey of the block which is expected to start by Q2 2019. A Pre Qualification Meeting for the project is scheduled by 20 November. Exploratory drilling operations for the block are expected to start by 2022. Further RFQs are expected shortly.
8Project Event: RFP for hiring services for the 3D seismic survey is expected by December 2018.
RFQ for hiring consultant for data acquisition and analysis is expected by Q1 2019.
8Expenditure Approval: Q2/2019
8RFQ Date: Dec/2018
8Release Date: Q1/2019
8Start Date: Q2/2019 
8Completion Date: Q4/2025
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   Details
Mounting a legal challenge after a tender is opened and an L-1 contractor is shortlisted by ONGC is almost always a fruitless exercise.
8This was what the L-2 consortium found out it to its chagrin when despite moving court, the tender was awarded to the L-1 contractor
8The LOI for the massive $720 million contract was issued by ONGC at dead of night, one week ago, with strict completion deadline.
Click on Details for more Details
ONGC has found the bid for a Mobile Offshore Production Unit (MOPU) for the Ratna field to be well above its reserve price
8Find out who the bidders were, how much did they quote and how far above the reserve prices these bids were
Click on Details for more Details
How many bidders have come in for the 3 MMTPA Barauni expansion project by IOC?
8Not many for the crude and vacuum distillation unit and the naphtha splitter package.
8Toyo is the consultant.
8There was a better response to the part-II of the tender
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Companies who have bagged OLAP Round-1 are now actively exploring how to get ahead
8Of great interest is how Cairn India, now Vedanta, is pursuing the 41 blocks it had won during the round.
8It wants to bring in foreign partners but not before it does the basic homework
8There is a lot of activity currently going on with Vedanta's new blocks: a consultant has been appointed and discussions are currently taking place with up to 40 companies on the next move.
8Will Vedanta be as aggressive with OLPA-2 as well?
Click on Details for more on what is being planned. Details
It looks like the appointment of the new managing director and director operations in OVL may get stalled
8New appointees were meant to be in place early next year
Click on Details for more Details
Banks have begun hiring domain experts, including professionals in the oil & gas sector
8One big public sector bank is on the lookout for retired professionals in the oil & gas
8More than 25 years of experience is preferred
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8MGL’s performance has been encouraging in terms of volume growth. Despite higher domestic gas price, INR depreciation and increased commission to OMCs, its EBITDA/scm is the highest among listed players.
8MRPL’s GRMs (Gross Refining Margin) are expected at $8.6/bbl VS $8.3/bbl in Q4FY18. Although there was QoQ  (quarter-on-quarter) improvement in reported GRMs, core operational GRMs are expected to remain weak at $5.4/bbl in Q4FY18 mainly on account of weak product spreads. Inventory gains for the quarter are expected at $3.2/bbl vs. $3.5/bbl in Q1FY19. PAT (Profit After Tax) is expected to increase 6.3% QoQ (quarter-on-quarter) to 384.6 crore owing to a marginal lower tax rate. Click on Report  for more. Details
Does Niko Resources Ltd's inability to sell its 10% stake in the D-6 block point to an inherent unviability of the KG Basin economics for the RIL-BP duo?
8Niko has defaulted on its latest cash call, inviting a default notice from RIL.
8Niko's lenders are now left with a Hobson's choice: either see their previous lendings go down the drain or throw in more money -- around $200 million needed to fund the current expansion -- to keep the E&P company going until a suitor is eventually found.
8Clearly, liabilities including those arising out of arbitration proceedings with the government, outweigh assets in the KG Basin block as of now for all promoters, it seems.
Click on Reports for more Details
The confiscation of bank guarantees has been stayed by the Bombay High Court
8Claims and counter claims are being made
Click on Reports and Details for more Details
End customers are arraying themselves against PNGRB's nod to raise pipeline tariffs.
8Tariff increases have hit customers across the board
8A further round of increases is expected, setting off alarm bells among users
8The coalition of users against unified tariffs, particularly those nearer to sources of gas, seems to be gaining strength.
Click on Reports for more Details
8Should unaccounted gas be considered to be included in tariff calculations? A fresh debate seems to be emerging on the subject
8ONGC claims that GAIL has not drawn up a connectivity plan for gas out of its CBM blocks to main transmission lines
8A huge amount of line pack is going to be needed for the soon to be commissioned Jagdishput-Haldia pipeline
8GAIL's spur lines expenses in the Barauni-Guwahati gas pipeline has come under critical scrutiny.
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   Details
Turkmenistan's inability to meet expected levels of pipeline gas supply to China during the winter of 2017 has set speculation abuzz over what is up with the Central Asian country.
8There is no denying that Turkmenistan has vast reserves of gas but the Chinese are now reassessing the country's ability to supply accepted quantities of gas in the future.
8Promoters of the Turkmenistan-Afghanistan-Pakistan-India pipeline need to look at this sequence of events carefully.
8Turkmenistan had been steadfast in refusing upstream rights to the pipeline promoters, instead claiming that state-owned Turkmengaz will be able to supply the requisite volume of gas needed for the TAPI pipeline.
Click on Reports for more Details
For the avid reader of global demand and supply dynamics, the website carries here details of Russia's plans to look at Asia to sell its gas
8China is quite clearly the pivot, with pipeline gas now becoming more viable to supply
8But the Russian foot print extends to LNG, in which it wants a more dominant role
8Find out what is in all this for India
Click on Reports for more  Details
With the National Data Repository in place, a huge volume of Indian E&P information is now up for sale, including:
8Satellite gravity data
8Seismic Data
8Well logs
8Production and DST data
Click on Reports  for more Details
For reference purposes the website carries here the following tenders:
8
Identification & Assessment of Geo Hazard along with Pipelines and recommendation for monitoring and mitigation Details
8Supply, Installation & Commissioning of Melt Flow Tester Details
8Procurement of S-type thermocouples Details
8Supply of Wireline Core Drilling and Casing Details
8Hiring the ROW Maintenance Services such as Repair of Pilferage Point, Assistance to Pipe Locating and ROW Demarcation Jobs Details
8Procurement of Oil manifold & Gas manifold for Well services Details
8Repairing of HP MP Steam Header at Hazira Plant Details
8Carrying out Lube Oil Analysis for Vessels Details
8Hiring of TPIA for Quality Surveillance Jobs on Call Basis Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
Gas regulator PNGRB invites bids for new round of city gas distribution Details
8India to hike tariff for local pipelines by 25-30 per cent: Industry source Details
8India says ready to import more gas and oil from the United States Details
8China stocks stumble on oil plunge, mixed data Details
8Producer Trinidad calls for global gas pricing index Details
8Maharashtra: MNGL seeks vacant spaces for setting up CNG refilling stations Details
8Shares in India's state-owned oil marketing firms gain as crude slumps Details
8UAE's ADNOC wants to rival oil majors as it expands in refining, gas Details
8Tapi gas pipeline to move forward after decades of delays Details
8Crude seen as wildcard as foreigners return to Indian bonds Details
8New EU energy targets put bloc on course to overshoot climate goals Details
8Russia should not be allowed to use energy as a weapon: Perry Details
8WPI rises to four-month high of 5.28% in October Details
8Fuel stock at ten NTPC power plants falls to zero Details
8Global oil market to lapse into surplus in 2019 as demand slows Details
8India’s October fuel demand grew at 3.97 per cent to 17,992 tonne Details
8India's African oil imports hit three-year high in October Details
8Extreme weather poses high risk to oil and gas infra: Study Details
8Arunachal Pradesh inks MOUs with private investors worth Rs 1,200 crore Details
8India, US to increase engagement in oil, energy sector Details
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Details
8Project Name: Oil Field Development
8Project Cost: Rs 100 crore
8Project Description: A private DSF Round promoter is hiring a consultant for the development an oil field. An RFQ is expected soon, The consultant will prepare a feasibility report for the project and assist in the approval of the Field Development Plan. The company has already applied for the extension of the PML license of the block and the field development plan is expected to be submitted to DGH within 6 months of transfer of PML. 
8Project Event: RFP for the LSTK contractor has been extended till mid-December from 15th November 2018
8Expenditure Approval: Q2/2018
8RFQ Date: Feb/2019
8Release Date: Jul/2019
8Completion Date: Aug/2021
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Details
8Project Name: Drilling Field Development
8Project Cost: Rs 700 crore
8Project Description: RFQs for the hiring of Mobile Effluent Treatment Services, DG sets fora 30-well well exploratory drilling programme are expected soon. The environment clearance for the project is still awaited. 
8Project Event: RFQ for the hiring of Effluent Treatment Services is expected by Q2 2019.
RFQ for the hiring of DG Sets is expected by Q2 2019
8Expenditure Approval: Q1/2018
8RFQ Date: Q2/2019
8Release Date: Q2/2019
8Start Date: Apr/2020
8Completion Date: Dec/2022
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Details
Work on the Rs 43129 crore Barmer Refinery is currently on.
Licensor selection has almost been completed
The following is expected now:
 
8Project Event: RFQ for the contour survey is expected by end of November 2018.
 RFQ for the pipeline survey work is expected by January 2019.
 RFQ for the crude oil pipeline work is expected by February 2019
 RFQ for the LSTK contractors is expected by mid of 2019.
 
8Start Date: Q1:2019
 
8Completion Date: Q4:2023
 
Click here for more details, including key contacts Details
8Sterlite Power Transmission Limited owns 12 inter-state power transmission projects along with 9 sub-stations in India.
8As of now, SPTL is emerging as a major contender for upcoming intra-state transmission network projects.
Click on Reports for more.
Details
Project Name: Thermal Power Station- FGD Addition
8Project Cost: 300 crores
8Project Description: Promoter along with consultant have submitted a feasibility report for implementation of a sea-water based flue gas desulphurization system in the 600 MW unit at its 1500 MW thermal power plant. Discussions regarding project schedule and technology for FGDs is in process. Tenders for the same is expected soon.
8Project Event: RFQ of an EPC package for supply, installation, construction, and commissioning of the sea water based FGDs is expected by December 2018.
8Expenditure Approval: Q3:2018
8RFQ Date: Dec/2018
8Release Date: Dec/2018
8Start Date: 2020
8Completion Date: 2023
Click here for more details

8Project Name: Ultra Mega Power Project
8Project Cost: 40000 crores
8Project Description: A wholly owned subsidiary along with consultant has submitted DPR to SPCB, CEA, and CWC for statutory approvals in a 3000 MW ultra mega power project. TOR was granted. The project is getting delayed due to pending coal linkage with Coal India Limited. Further bids are expected soon.
8Project Event: RFQ for an EPC contractor is expected to be floated in the Q2 2019.
8Expenditure Approval: Q2:2019
8RFQ Date: Q2:2019
8Release Date: Q2:2019
8Start Date: 2021
8Completion Date: 2026
Click here for more details
(You will be able to access the links here, only if you have a password to our sister site, www.energylineindia.com) Details
8Owner plans to come with the development of a 500 MW grid-tied wind energy projects.
8RFQs are expected to come by December 2018.
Click on details
Details
Crude oil prices are going down but there seems to be increasing nervousness in the market over the possibility of reintroduction of discounts on crude production by ONGC and OIL.
8So far both these companies have avoided discounts, and there have been nil subsidy.
8But increasingly, as the subsidy budget gets trimmer, analysts are factoring in a lower price realization than the prevailing market price for crude
8What are these fears based on? How much are these discounts likely to be?
Click on Reports  for more Details
New battery breakthroughs can dramatically change the dynamics for electric vehicles globally
8New technology on the anvil can allow electric cars to push much longer distances than what is possible now.
8Electric cars will then win the battle with ICE-driven vehicles quite easily
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Oil prices are expected to go up in the next 5 to 7 years quite sharply as the world risk a sharp tightening of oil markets in the 2020s
8US shale will not be able to fill the looming supply gap, is the projection
8The gap could be as much as 9.2 million barrels per day by 2025
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Project Name: Greenfield Hydroelectric Power Project
8Project Cost: 3000 crores
8Project Description: Owner is undertaking the technical evaluation bids for preparation of a detailed project report in a 420 MW greenfield hydropower project. EQMS India Pvt Ltd, R.S. Envirolink Technologies Pvt Ltd, and SMEC International Pvt Ltd are among the major bidders for DPR works. Further bids are expected soon.
8Project Event: RFQ for the geotechnical investigations is expected by Q1 2019.
8Expenditure Approval: 2017
8RFQ Date: Q1:2019
8Release Date: Q1:2019
8Start Date: 2020
8Completion Date: 2025
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8Project Name: Greenfield Hydroelectric Project
8Project Cost: 1500 crores
8Project Description: Promoter is getting delayed in coming out the RFQs for the E&M works in a 150 MW greenfield hydroelectric plant due to amendments in the technical parameters for the electromechanical equipment. Patel Engineering Limited, HCC Limited, Gammon India are among the contenders in the civil and H&M works bid. Further bids are expected soon.
8Project Event: RFQ for engineering, procurement, construction and commissioning of electro-mechanical works is expected by December 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: Dec/2018
8Release Date: Dec/2018
8Start Date: Q2:2019
8Completion Date: Q4:2023
Click here for more details
(You will be able to access the links here, only if you have a password to our sister site, www.energylineindia.com) Details
A Rs 500 crore offshore exploratory drilling programme is coming up
8The requirement is for an ultra-shallow water Jack-Up Rig.
8Water depth is less than 10 meters
8Project Event: RFQ for the hiring of an ultra-shallow jack-up rig is expected by March 2019.
-- RFQ for the hiring of equipment and oilfield chemicals are expected by Q2 2019.
Click here for more details, including project parameters and key contacts.
  
Details
A tender for a desalinization unit, using the sea water osmosis process, has been extended on low turnout of bidders
The project is being executed on LSTK basis
8Project Event: RFP for the LSTK contractor has been extended till mid-December from 15th November 2018
8Expenditure Approval: Q1/2016
8RFQ Date: 21/Sep/2018
8Release Date: 15/Sep/2018
8Start Date: Q2/2019
8Completion Date: Q1/2021
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Details
ONGC has awarded a contract for third party inspection
8Subsequently, a contractor will be hired to eliminate exceptions thrown up by the inspection report
8Meanwhile, for the revamp of the offshore platform itself, from where the pipeline emanates to the onshore terminal, a consultant has already been hired. 
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8
Procurement of Pipe Spinner Details
8Charter hire of Anchor Handling Tug-Cum Supply Vessels Details
8Rate Contract for Testing and Calibration of Protection Relays Details
8Hiring Tankage and Allied Facilities at Ports for Storage, Handling and Delivery of Butyl Acrylate Details
8Purchase of Sealants for Valves under Mansarampura Details
8Decontamination with Passivation of Process Loops/ Equipment in Amine Regeneration Unit and Sour Water Stripper units Details
8Hexane Production from ISOM Details
8Appointment of Consultant for carrying out Soil Investigation work at proposed new CNG Stations Details
8Supply of LPG for Industrial use Details
8Supply of Liquefied Petroleum Gas Details
8Hiring of Services for Miscellaneous Job Contracts at Drilling Services Details
8Hiring of contract services for Online leak Sealing jobs in Gas Processing, Oil Processing, Utility and Co-Generation area Details
8Corrigendum: Engineering, Supply and Training for operator Training Simulator for various Refinery Units Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
Sudan expects bidding round to develop oil and gas in Q3 2019 Details
8Innogy cuts renewables, retail outlooks ahead of breakup Details
8China LNG growth not slowing, says Woodside CEO Details
8DGH may get power to auction output to keep conflict of interest at bay Details
8Pakistan risks foreign investment with threat to reopen LNG deals: Former PM Details
8Tapi Pipeline CEO says first gas to Pakistan in around two years Details
8Global oil demand under growing threat from electric cars, cleaner fuel Details
8Oil struggles to find footing after 7 pct slump, sentiment stays weak Details
8COLUMN-Oil prices tumble as traders look beyond Iran: Kemp Details
8Trump administration sides with tribes in drilling dispute Details
8U.S. shale oil output to hit record high 7.9 mln bpd in Dec -EIA Details
8Rocket fuel: Australia targets hydrogen as next big energy export Details
8Oil India holds its 495th Annual Board Meeting in Noida Details
8Changing trends?: on the global petroleum market Details
8India may force sale of ONGC’s small fields Details
8GAIL arm, EESL in pact for natural gas based co-generation projects Details
8Earnings Review: Mahanagar Gas Jul-Sep PAT up 9.2% on yr, beats view Details
8India's energy consumption to nearly triple by 2040: Pradhan Details
8Vedanta to invest $4 bn in oil and gas sector in 2 yrs: Anil Agarwal Details
8Make in Odisha: Rs 4.1 lakh crore investment proposals received Details
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Details
8Major amendments have been made for retrofitting of WFGDs in a 2x500 MW thermal power plant.
8GGH purchase has been made optional for WFGD.
8A new wet chimney height has been suggested.
8Chimney and absorber lining materials have been changed.
Click on Reports for more.
Details
Project Name: Greenfield Hydroelectric Project
8Project Cost: 1115 crores
8Project Description: Owneralong with consultant is carrying out the land survey works for a 210 MW greenfield hydropower project. A fresh TOR is expected by the next month. Currently, the owner is in search of financial institutions to fund the project. Moreover, EIA studies are in process. Further bids are expected soon.
8Project Event: RFQ for the drilling and drifting works is expected by December 2018.
RFQ for civil and H&M works is expected by Q2 2019.
8Expenditure Approval: Q1:2019
8RFQ Date: Dec/2018
8Release Date: Dec/2018
8Start Date: 2020
8Completion Date: 2025
Click here for more details

8Project Name: Hydroelectric Power Plant: Maintenance Contractor Project
8Project Cost: 3 crores
8Project Description: Promoter has been delayed in coming out with bids for a biennial maintenance contract for electrical works and for a 400 kV switchyard and its associated system in the 1000 MW hydropower station due to pending approval from the board of directors of the hydro region headquarter of the owner. Further bids are expected soon.
8Project Event: RFQ for an electrical maintenance job contract is expected by the end of November 2018.
RFQ for maintenance job contract for the 400 kV switchyard and it's associated system is expected by the end of November 2018.
8Expenditure Approval: Q1:2018
8RFQ Date: 25/Nov/2018
8Release Date: 27/Nov/2018
8Start Date: Q1:2019
8Completion Date: Q1:2021
Click here for more details
(You will be able to access the links here, only if you have a password to our sister site, www.energylineindia.com) Details
8Owner plans to come with the development of a 20 MW floating solar PV project in the water reservoir attached to an NTPC gas-based power project.
8RFQs are expected to come by December 2018.
Click on details
Details
For reference purposes the website carries here the following tenders:
8
Catalyst unloading and loading jobs in inert atmosphere in HGU Details
8Sourcing, Storage and Supply of Bulk Bitumen along Maharashtra Coast Details
8Road Transportation of Bulk Furnace Oil and Light Diesel Oil ex BPC’s Mathura Installation Details
8Road Transportation of Bulk Furnace Oil and Light Diesel Oil ex BPC’s Vizag Installation Details
8Three Year Rate Contract for Repairs and Maintenance of Transformers of Production Installations Details
8Testing and Supply of Reformer tubes, Outlet Pigtails and Outlet Hot Collector for Hydrogen Unit Details
8Global EOI for Well Revival Contract at Ahmedabad Asset Details
8Expression of Interest for providing Facility Management, Services Details
8Expression of Interest for providing Catering Services Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8
Digitalisation can save oil upstream business $73 bn a year: Woodmac Details
8Saudi Aramco, Abu Dhabi's ADNOC agree to invest in gas exploration, LNG Details
8Retail inflation cools down to 3.31% in October; IIP numbers at 4.5% in September Details
8E.ON eyes structural changes in Innogy set up ahead of breakup Details
8Oil India second-quarter profit rises over 33 per cent, but misses estimates Details
8Putin has no plans for now to talk to Saudi king about oil markets: Kremlin Details
8Canada's Goldboro LNG project to issue equity before mid-2019 FID Details
8Saudi energy minister says no plans to break up OPEC Details
8Gazprom says Nord Stream payments blocked by Swiss injunction Details
8Central Asia-China gas pipeline to hit maximum capacity: PetroChina Details
8How crude price fall altered CAD, rupee dynamics & RBI’s reserves Details
8China overtakes Japan as world's top natural gas importer Details
8Russia's Novak says no decision on oil output made in Abu Dhabi Details
8Saudi's Falih says analysis shows need for 1 million bpd cut in oil output Details
8Lukoil does not plan to cut oil output in 2019 Details
8Iran sells more oil to private exporters to bypass US curbs Details
8France's Total agrees Diyab gas deal with Abu Dhabi National Oil Company Details
8Oil exporters discussed proposal for supply cut next year, Kuwaiti official says Details
8China says will further open up its economy, slams rising protectionism Details
8Petrol, diesel prices dip further for fifth straight day Details
8Rupee falls 26 paise to 72.76 against US dollar in early trade Details
8Oil falls as Trump raps OPEC's supply cut plan, global markets skid Details
8Gas to overtake coal as world's second largest energy source by 2030: IEA Details
8Let only CNG vehicles ply in Delhi on bad air days: EPCA Details
8UK GAS-Prices climb as colder weather, lower wind speeds expected next week Details
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Details
There may well be trouble brewing over taxes to be paid for the SURF contract awarded by ONGC for the Cluster 2 field in the KG-DWN-98/2 block to the L&T, GE and McDermott consortium for $1.7 billion.
8Taxes may become a major source of dispute between ONGC and the consortium.
8Not just that, a lower rate of taxation, among various other relaxations were cited by its rivals as the reason why the consortium won the bid
Click on Details for more Details
8As the focus shifted to the MOU between ISPRL and ADNOC for supply of up to 2.5 million tonnes crude to the underground oil storage facility at Padur in Karnataka, HPCL seemed to have had a bitter experience when it was forced to buy ADNOC crude to store in the Mangalore facility
Find out more Details
8Project Name:  Offshore Platform Revamp
8Project Cost: Rs 50 crore
8Project Description: Oil and Natural Gas Corporation Limited's revamp of an offshore platform is expected to start soon as the owner has moved a step closer with the hiring of a consultant for the revamp process.
8Project Event: RFQ for hiring EPC contractor is expected by February 2019.
8Expenditure Approval: Q3/2018
8RFQ Date: Feb/2019
8Release Date: Feb/2019
8Start Date: Q3/2019
8Completion Date: Q3/2020
Click here for more details
Details
RFQs for the hiring of well logging, slick line and wireline services for a  multi-well exploratory-cum-development programme are expected soon from the owner's side.
The Environment Clearance for the project is still awaited.
8Project Event: RFQ for the hiring well logging, slick line, and wireline services is expected by March 2019.
RFQ for the hiring of an EPC Contractor for a gathering pipeline network is expected by Q2 2019.
8Expenditure Approval: Q4/2017
8RFQ Date: March/2019
8Release Date: May/2019
8Start Date: Apr/2020
8Completion Date: Dec/2022
Click here for more details for key contacts and other details
Details
After a two-year delay, the revamp contract awarded was finally awarded.
8Find out who is the contractor.
Click on Details for more Details
Get the latest data on incremental LNG supply and demand globally.
8The point to note is that Pakistan is closing up on India when it comes to incremental consumption of LNG
8There is no doubt demand is moving up rapidly around the world, but there are areas where it is shrinking as well
8Also even though the trend is more towards spot RLNG, an export terminal has just completed a 24-year deal under a new SPA
Click on Reports for more Details
GAIL has announced that it has just ordered 616 km of line pipes for the Barauni-Guwahati pipeline, giving a boost to domestic manufacturers.
8But the government's policy of pushing the interest of domestic pipe manufacturers by shielding them from foreign competition is a double edged sword
8Coincidentally perhaps, just when the new 616 km deal was being announced, the US imposed very heavy penalties on a number of Indian pipe manufacturers, making it near-impossible for them to access the fast expanding US market
8When one door opens, another shuts. Protectionism is never a good idea
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What kind of waiver did India get out of the US for Iranian crude imports?
8How do waivers for India compare with those obtained by China, India, South Korea and Japan?
8What kind of system has India put together to handle the Iranian crisis? Which sectors are going to benefit from the Rupee trading mechanism that is being put together?
8Also know more about how sanctions can bite if you have dealings with Iran.
8Has the gas sector been exempted? What about the Chabahar Port?
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A report from Washington DC seems to  indicate that Russia will build a pipeline from Iran to India.
8Also know more on what Russia has in mind while dealing with a new round of US sanctions
8Will it eventually weaken or strengthen Russia
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