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Nov 2019

What is the benchmark ROI on consultancy and EPC services in the oil & gas industry?
8The two figures are starkly in contract
8The EBIT margin can be as high as 23-30% in consulting and a mere 5 in LTSK projects.
8This poses several existentialist questions for engineering and EPC majors in India
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What is the latest on GAIL?
8The division of pipeline and distribution arms will take time, but can in fact lead to an unlocking of value
8Gas distribution margins have suffered a collapse, find out how
8Anticipated offtake of an extra 6-7 mmscmd of gas did not take lace
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For reference purposes the website carries here the following tenders:
8ARC for O&M of Mobile Cranes Details
8Spares of VFD PCR OF 2000 HP VFD Rig Make ABB Details
8Appointment of an Agency for carrying out all India study on Sectoral demand of Petrol and Diesel Details
8Procurement of Hot Rolled Carbon Steel Plates Details
8EOI for procurement of Bio-diesel produced from used Cooking Oil Details
8Supply of LPG Cylinders fitted with SC Valves Details
8Procurement of Pipeline Pile Supports Details
8Descaling pigging of 48” Crude Pipeline Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8L&T bags orders from BPCL, BHEL Details
8Pradhan woos foreign firms to invest in India's oil & gas sector Details
8Indonesia signs 20-year production sharing contract for Corridor block Details
8Oil dips for second day on lack of trade talk progress Details
8IOC’s Panipat refinery introduces special winter-grade diesel for Ladakh Details
8ONGC auction gets tepid response Details
8UAE says not worried about oil demand growth Details
8G20 nations need to amp up emission cut targets: Report Details
8Saudi Arabia raises October oil output to replenish inventories Details
8Crude oil futures slip on weak global cues Details
8Oman says OPEC, allies likely to extend oil supply curbs Details
8Worst winter likely for LNG as Asian prices to stay at seasonal low Details
8Oilfield discovered in Iran is second biggest in the country: Oil minister Details
8Formula One aims for zero carbon footprint by 2030 Details
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Mannargudi CBM block is a subject of dispute between GEECL and the government
8Where is it headed as of now?
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8It is an ambitious private sector plan
8Capital approval has been done
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It is a greenfield shallow water exploration block
8When is an EIA consultant to be sought
8When it the RFQ slated for seismic survey and seismic data interpretation?
Click on Details for key contacts Details
What is the update on Haldia Petrochemials' crude-to-chemical refinery-cum- petrochemical complex
8It is a huge investment, totaling up to a staggering Rs 62,714 crore
8Has there been any progress?
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It is a 5 MMTPA FSRU in a prime location
8Three companies are in the race to built it
Know more Details
Slowly but steadily, lower LNG prices are witnessing a higher drawl of gas from gas-based power producers.
8The data is coming in from gas suppliers on this
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Why are millennials not interested in the oil & gas sector?
8Even though there is so much to do
8How can this attitude be changed?
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Electricity distribution sector in India is at a cross-road. The verage cost of supply for most electricity distribution companies is already in the range of Rs. 7 to 8 per unit, and in some cases, it is close to Rs. 9 per unit! This cost is also increasing at around 5% per year.
8But renewable energy is now available at a far cheaper rate.
8Today, even small, kW scale, solar power is available at around Rs.4 per unit.
8As a result, most commercial, industrial and high-end residential consumers, who pay Rs. 5 to 9 per unit, just as energy charges, are looking at ways to reduce drawal (not dis-connecting from the grid) from DISCOMs to reduce cost of electricity.
8They are aggressively pursuing options such as rooftop solar, net-metering, open access and captive generation.
Are you? Details
AG&P's Karaikal LNG project intends to start small before it scales up capacity
8But the viability of the project has just become that much more difficult
Find out why Details
Are US LNG producers making money?
8Data right down from 2015, they have not been making money
8Lifecycle closts are not being recouped. Details
The ship demolition market has suddenly gone tepid
8How long is it going to stay that way?
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Single use plastic ban can have a dramatic impact on global demand for crude.
8This decision itself can bring the consumption curve down by a step function.
8So much so that peak demand for crude will be seen earlier than before.
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Ammonium Nitrate Greenfield Project
8Cost - Rs 1750 crore
8Project Event: The company has hired Casale for the technology licensor. Environmental clearance was received earlier in September 2018. The RFQ for the EPCM contractor is likely to be released in December in place of November 2019.
Click here for more details
Phosphoric Acid Greenfield Project
8Cost - Rs 10 crore
8Project Event: Procurement work is ongoing for the contractor and construction is likely to be start in January 2020 in place of November 2019 due to delay in the procurement.
Click here for more details Details
8RFP for the drilling and pipeline installation services is expected by the December end 2019.
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The PY-3 block is currently going through approval from the DGH
8Expect RFQs to come up soon thereafter
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8HOEC's B-80 block is ready to go
8A rig has been hired
8Integrated drilling services contract has been hired and work is afoot
8MOPU contract has been awarded
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   Details
8RFQs will come out next year however
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It is a Rs 31,000 crore petrochem and new refining capacity expansion project
8PFR has been prepared
8EIA consultant is at work
Find out when RFQ for a PMC contractor is going to be out.  Details
It is a limited project, worth Rs 265 crore
8Fair amount of work has already been done
Find out if any further RFQs are left   Details
For reference purposes the website carries here the following tenders:
8Procurement of LPG Cylinders Details
8Electrical Works Associated with Biodiesel Facilities and other instruments Details
8Comprehensive Annual Maintenance of entire HVAC System Details
8Chiller replacement Jobs in Nitrogen-1 Plant refrigeration system Details
8Supply of Monel Pipe, Clamp and Bolts Details
8Supply of CS Pipes Details
8Painting of Phase-2 Flare Header Pipe and its Supporting Structure Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Indian Oil to place its bet on metal-air battery technology over lithium-ion Details
8NGC Energy, Petredec to set up Rs 400-crore LPG terminal Details
8India on course for lowest fuel demand growth in 6 years Details
8Andhra to attract Rs 2 lakh cr investment in petroleum sector: Dharmendra Pradhan Details
8Dirty fuel-based industries in Delhi, its suburbs to remain shut till Nov 11 Details
8Paddy stubble to drive bio fuel production in Punjab, Haryana Details
8Hydrocarbon exploration: HC issues notice to petroleum ministry Details
8Reliance cuts base price for new gas from KG-D6 after customer protests Details
8Indian Oil gets environment clearance to set up Rs 766 crore 2G ethanol plant Details
8Sharp fall in diesel demand, consumption down 3.3% in September Details
8Saudi Aramco takes another step towards first public offering Details
8Air pollution: AQI in Delhi may touch ‘severe’ tomorrow Details
8Gujarat okays CNG port terminal at Bhavnagar Details
8Petrol, diesel vehicles to be banned on select Gaya roads Details
8Dharmendra Pradhan to visit to UAE for ADIPEC Details
8Saudi Aramco outlines risks and strengths ahead of IPO Details
8Saudi Aramco lists RIL investment, expansion in India in monster IPO prospectus Details
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India's per capita gas consumption is much lower than Bangladesh
8It is also lower than Pakistan
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Get a synopsis of how many consultancy projects EIL had won in the first half of 2019-20
8It is the largest number by any consultancy
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Ammonia-Urea Energy Saving Project
8Cost - Rs 250 crore
8Project Event: The feasibilty studies are ongoing, RFQ for the process licensor as well as LSTK contractor is likely to be released in December in place of November 2019, due to delay in the discussion.
Sulphuric Acid and Captive Power Unit Expansion Project
8Cost - Rs 300 crore
8Project Event: Project activities are likely to start in January 2020 now, RFQ for the EPC contractor is likely to be released at the end of February 2020.
Click here for more details Details
Even as Indian KG Basin gas producers struggle to find a market for their gas at a reasonable price that will pay for their investments, here is a private local company which elicited a domestic gas price of $10.40/mmbtu in the first half of the year.
8EBITA is at a whopping 66% of revenue
8Cash profits are at 31% of revenue
8Clearly, there are sweet spots in the Indian gas market
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The Adani Wellspun JV is going through a jackup rig appraisal
8LOI is likely soon
8Click on Details for more. Details
An O&M contract for an offshore process platform is coming up
8Value: Rs 50 crore
8RFQ will come out next month
Get key contacts here Details
An ONGC tender for an EPS for the Kasomarigaon development drilling project has been released after the earlier one had to be cancelled as the bid price was higher than the reserve price.
8RFQs for the hiring of an LSTK contractor for the GGS will come up to
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What is the latest update on the Haldia Refinery Vacuum Distillation Revamping Project?
8EIL is the licensor
8Shut down and commissioning RFQs are ahead
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Get an update on Oil India Ltd's (OIL) AA-ONHP-2018/5 exploration block
8The block has been awarded to the company under the OALP bid round 3 in 2019 and covers an area of about 208 sq km.
8When can RFQs be expected?
8Get key contacts here Details
It is a bottling plant worth Rs 75 crore
8RFQs are to come out soon
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For an engineering firm, with a turnkey division, the lucrative high-margin segment continues to be the consultancy segment.
8Margins are far higher in consultancies for domestic companies. Also, it is far more risky
8This is one reason why a lot of foreign consultancy-cum-EPC companies want to stay in the consultancy segment and away from EPC contracts.
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The government thinking on oil PSU disinvestment is now getting clearer. Privatization is going to be the new mantra
8And it will not just be BPCL, it can well be HPCL as well, if ONGC does not want to hold on to it
8Will IOC be privatized as well, eventually?
8What will be the fate of Numaligarh refinery?
8Will IOC subsidiaries be next in line?
8What happens to GAIL?
8Will OIL be merged with ONGC?
Click on Details Details
India has been accessing some pretty cheap LNG from the US.
8Does India get the best price for US LNG?
8Or, are there others who get better deals?
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For reference purposes the website carries here the following tenders:
8Procurement of Certified Reference Standards for Sulfur Analysers Details
8Supply of Hydraulic Tools Details
8Reconditioning of various types of Valves Details
8Procurement of Transmitters Details
8Hiring of Consultancy Service for Well Drilling Project Management Details
8Supply of Pipeline Pile Supports Details
8Expression of Interest for Hiring of Consultancy Service for Energy Optimization and Benchmarking Study of Uran Plant Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8BPCL second quarter net profit nearly flat at Rs 1,634 crore Details
8IGL second quarter net profit doubles to Rs 416 crore Details
8HPCL net profit down 22% to Rs 762 crore Details
8India cabinet to review BPCL sale proposal next week: Govt source Details
8It's viable to convert farm stubble into CNG: Arvind Kejriwal Details
8Governing Council meeting of Centre of Excellence in Oil, Gas and Energy held at IIT Bombay Details
8After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond Details
8Big Oil eyes Brazil's next pre-salt round after sitting out TOR Details
8GEECL profit down 4 per cent at $3.74 million in first half of current fiscal Details
8Japan marks 50 years of LNG imports with eye on Asia growth Details
8Biggest OPEC+ producers aren’t pushing for deeper oil cuts Details
8Oil rebounds to $62 on hopes for US-China trade deal Details
8Saudi Aramco signs China's crude oil supply deals for 2020 Details
8Cyprus signs US$9 billion natural gas deal with energy majors Details
8Spain becomes Europe's cheapest gas market on flood of low-cost LNG Details
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The recent hike in freight rates has seen Indian ship owners play the risky game of capitalizing on the flareup by withdrawing plans to install scrubbers which would allow them to use low cost high sulphur fuel oil (HSFO) post IMO 2020.
8Spot earnings for VLCCs more than quintupled during the week of October 11 to average above $300,000, the highest seen in more than a decade, before settling down to more sober rates.
8The ship owners however claim that they are reassessing the need for scrubbers as they keenly watch how low sulphur fuel oil price evolve post IMO 2020.
8But there are some who claim that owners may be looking at short term profits while ignoring what can be in store in the long run.
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The shift to gas is being heralded as an environmental friendly move, and India is seen as one of the biggest gas markets in the world going ahead.
8While investments in gas are being stepped up, some banks and financial institutions have already stopped funding gas projects.
8The underlying assumption is that gas is no longer that much more environment friendly when compared to coal, if fugitive emissions are taken into account.
8The window of opportunity is getting narrower in the gas sector, and if the window closes elsewhere in the world, it won't be long before it does so in India as well.
8Those who invest in the gas sector in India needs to keep this mind.
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8Are you interested in a consultancy deal with for two-well exploration deal of an Indian company in a foreign country? Click on Reports for more.
8Find out more about HOEC: What are its plans going head? Click on Reports for more. Details
Ammonia Revamp Project
8Cost - Rs 200 crore
8Project Event: The discussion process is ongoing and RFQ for the EPC contractor is likely to be released at the end of December 2019, Project to be completed by end of 2020
Click here for more details
SSP/NPK Greenfield Project
8Cost - Rs 70 crore
8Project Event: The feasibility studies are ongoing, The company is planning to submit the proposal for the environmental clearance is likely in January 2020, RFQ for the contractor is likely to be released after the environmental clearance.
Click here for more details Details
Is the Adani-Total deal a good one, or did Total pay much higher than it should?
8Some say Total hit the "sweet spot" in the Indian gas market
8There are others who say that the the Adani assets have been over priced, and their best assets are involved in intractable disputes
8Depends on how you see the glass, as either half empty or half full
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For reference purposes the website carries here the following tenders:
8Procurement of Flare Monitoring Fixed Thermal Camera and Accessories Details
8Procurement of Transformers Details
8Providing services for carrying out maintenance of various electrical equipment Details
8Supply of AAS and ICPOES Certified Reference Materials (CRM) Details
8Electrical Works at Gonda LPG Plant Details
8Supply, Installation and Commissioning of 24 Head Electronic Carousels at LPG Plants Details
8Contractor Built, Owned and Operated Packed Bitumen Storage and Handling Plant Details
8Supply of Demulsifier for Ahmedabad, Tarapur & Sanand Miroli Block Details
8Supply of Redundant Solenoid Valves Details
8Overhauling of Vessels in DCU during shutdown Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India on track to cut oil import dependence by 10 per cent by 2022: Pradhan Details
8Petrol, diesel prices unchanged on Wednesday Details
8UN, global researchers turn attention to smog in north India Details
8India seeks foreign investments in oil and gas sector: Minister Details
8India spending $100 billion in creating oil and gas infrastructure: Dharmendra Pradhan Details
8Delhi's AQI recovers to poor, PM 10 Details
8Reliance again puts off gas bid to Nov 15 on bidders request Details
8Delhi gets slight relief from choking as air quality improved to 'poor' Details
8Cairn Oil & Gas secures 10-year contract extension for Ravva field in Andhra Pradesh Details
8India's dependence on imports increases: Crude oil, natural gas output falls Details
8Angola forms consortium with five oil firms for $2 bn LNG project Details
8Rosneft received claims over oil contamination through third quarter Details
8Trafigura hires crude oil trader in Singapore Details
8Oil unchanged after overnight losses amid caution over trade talks Details
8China considers up to $10 bn investment in Aramco IPO Details
You can also click on Newsclips for more   Details
ONGC is undertaking a 14-well exploratory drilling programme in Bhuvanagiri in Tamil Nadu
8Public hearing is expected to be carried out in December
8Chartered hired rig is to be deployed
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ONGC's Tiruvarur oil field development plan is shaping up
8It is a 104 well development drilling programme spead over 11 ML blocks
Get the latest update on it here Details
What is the latest update on the construction of a breakwater barrier for the GAIL LNG terminal at Dabhol?
8The PMC has been hired
8The project is going through a fresh environment sacntion
8But a EPC is on the verge of selection
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What is the latest update on the well consultancy tender for the ONGC acquired Deendayal field?
8There were three companies in the race
8Has the consultancy been awarded?
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Manoj Jain, the new GAIL CMD, has over 30 years of experience as a company executive.
8But unlike other CMDs, he will not build the company but dismantle it on behalf of his owner, the government of India
8"He will have to conduct a controlled demolishion of the very edifice he helped build," a GAIL insider told this website.
Click on Details for more. on what lies ahead for Jain. Details
What is Total's role going to be in Adani Gas now that it is a 37.4% stakeholder?
8Is it going to be hands on or will the multinational take a backseat, allowing the Adanis to run the show?
Click on Details for more Details
What are the takeaways from a conference call that the IOC brass did with analyst recently?
Among the key points were:
8Small players may not find it easy to enter the retail market
8Capex for the year is slated at be at Rs 25,000 crore
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