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
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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
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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 Click on Reports for more.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
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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
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For reference purposes the website carries here the following tenders: 8Supply, 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: 8GEECL 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 producersDetails 8Petrol prices fall by 15 paise in Delhi, diesel less by 10 paiseDetails 8Citi says oil's record plunge is a `Made in America' phenomenonDetails 8Russia's Putin: I discussed oil prices with TrumpDetails 8Montenegrin activists protest against Adriatic oil prospecting Details 8Head of Mexican oil industry regulator to step downDetails 8Crude oil could drop below $50, warn analystsDetails 8PM to lay foundation stone of CGD projects on November 22Details 8Fall in global crude price may ease India’s import bill and inflationDetails 8Pollution board plans complete ban on private cars except CNG ones in DelhiDetails 8CNG, PNG coverage set to expand to 70% populationDetails 8Fitch keeps India's sovereign rating unchanged at 'BBB-'Details 8October trade deficit widens to $ 17.13 billion despite decline in gold importsDetails 8Gas cylinder blast: Consumer commission directs IOCL, distributor to pay Rs 10 lakhDetails 8PetroChina's gas marketing consolidation worries independent sellersDetails 8IIT researchers devise programme to maximise LPG connectionsDetails You can also click on Newsclips for moreDetails
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
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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 Click here for more detailsDetails
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
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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
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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 Click on Details for more
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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.
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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
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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 Click on Reports for more
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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.
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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
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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
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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
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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. Click on Reports for more 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
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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
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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
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For reference purposes the website carries here the following tenders: 8Identification & 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: 8Gas 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 StatesDetails 8China stocks stumble on oil plunge, mixed dataDetails 8Producer Trinidad calls for global gas pricing indexDetails 8Maharashtra: MNGL seeks vacant spaces for setting up CNG refilling stationsDetails 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, gasDetails 8Tapi gas pipeline to move forward after decades of delaysDetails 8Crude seen as wildcard as foreigners return to Indian bondsDetails 8New EU energy targets put bloc on course to overshoot climate goalsDetails 8Russia should not be allowed to use energy as a weapon: PerryDetails 8WPI rises to four-month high of 5.28% in OctoberDetails 8Fuel stock at ten NTPC power plants falls to zeroDetails 8Global oil market to lapse into surplus in 2019 as demand slowsDetails 8India’s October fuel demand grew at 3.97 per cent to 17,992 tonneDetails 8India's African oil imports hit three-year high in OctoberDetails 8Extreme weather poses high risk to oil and gas infra: StudyDetails 8Arunachal Pradesh inks MOUs with private investors worth Rs 1,200 croreDetails 8India, US to increase engagement in oil, energy sectorDetails You can also click on Newsclips for moreDetails
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 Click here for more detailsDetails
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 Click here for more detailsDetails
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 contactsDetails
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
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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 Click on Reports for more
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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 Click on Reports for more
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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 Click here for more details 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 Click here for more details for moreDetails
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
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For reference purposes the website carries here the following tenders: 8Procurement 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: 8Sudan 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 CEODetails 8DGH may get power to auction output to keep conflict of interest at bayDetails 8Pakistan risks foreign investment with threat to reopen LNG deals: Former PMDetails 8Tapi Pipeline CEO says first gas to Pakistan in around two yearsDetails 8Global oil demand under growing threat from electric cars, cleaner fuel Details 8Oil struggles to find footing after 7 pct slump, sentiment stays weakDetails 8COLUMN-Oil prices tumble as traders look beyond Iran: KempDetails 8Trump administration sides with tribes in drilling disputeDetails 8U.S. shale oil output to hit record high 7.9 mln bpd in Dec -EIADetails 8Rocket fuel: Australia targets hydrogen as next big energy export Details 8Oil India holds its 495th Annual Board Meeting in NoidaDetails 8Changing trends?: on the global petroleum marketDetails 8India may force sale of ONGC’s small fieldsDetails 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 viewDetails 8India's energy consumption to nearly triple by 2040: PradhanDetails 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 You can also click on Newsclips for moreDetails
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: 8Catalyst 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: 8Digitalisation 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 SeptemberDetails 8E.ON eyes structural changes in Innogy set up ahead of breakupDetails 8Oil India second-quarter profit rises over 33 per cent, but misses estimatesDetails 8Putin has no plans for now to talk to Saudi king about oil markets: KremlinDetails 8Canada's Goldboro LNG project to issue equity before mid-2019 FID Details 8Saudi energy minister says no plans to break up OPECDetails 8Gazprom says Nord Stream payments blocked by Swiss injunctionDetails 8Central Asia-China gas pipeline to hit maximum capacity: PetroChinaDetails 8How crude price fall altered CAD, rupee dynamics & RBI’s reservesDetails 8China overtakes Japan as world's top natural gas importerDetails 8Russia's Novak says no decision on oil output made in Abu DhabiDetails 8Saudi's Falih says analysis shows need for 1 million bpd cut in oil outputDetails 8Lukoil does not plan to cut oil output in 2019Details 8Iran sells more oil to private exporters to bypass US curbs Details 8France's Total agrees Diyab gas deal with Abu Dhabi National Oil CompanyDetails 8Oil exporters discussed proposal for supply cut next year, Kuwaiti official saysDetails 8China says will further open up its economy, slams rising protectionismDetails 8Petrol, diesel prices dip further for fifth straight day Details 8Rupee falls 26 paise to 72.76 against US dollar in early tradeDetails 8Oil falls as Trump raps OPEC's supply cut plan, global markets skidDetails 8Gas to overtake coal as world's second largest energy source by 2030: IEADetails 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 weekDetails You can also click on Newsclips for moreDetails
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
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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
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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 detailsDetails
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 detailsDetails
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
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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 Click on Reports for more
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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? Click on Reports for more
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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 Click on Reports for more Details