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All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.

Nov 2021

2020 saw a fall in demand for onshore rigs
8But the projection is that 2021-25 is going to a very bullish period for such rigs
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There is a lot going on with BPCL over and above its looming privatization:
8When is privatization to be completed?
8What is the company's capex level, this year and next?
8What is the status on its open offer for IGL and Petronet LNG
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8Huge arbitrage windows are available for GAIL from out of its Henry Hub term cargoes
 But once all the newly constructed fertilizer plants come on stream, around 2.5 MMTPA of HH gas will have to find a way to them in India
8Another 1 MMTPA or more of HH LNG is deployed in long term contracts in India already
8Today GAIL could make close to Rs 1000 crore on a single cargo of LNG brought from HH and sold at JKM but claims that all its cargoes have already be pre-placed in back to back contracts
8But windows of opportunities will open up for fresh cargoes ahead, and if the arbitrage remains strong, there is still big money to be made from just a couple of cargoes out of HH
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Shell's Hazira terminal is currently running without an LNG cargo.
8The last cargo meant for Arcelor Mittal Nippon Steel India was unloaded on the 31st and set sailed
8There is no cargo documented to come into the terminal as of now. The two terminals which now seem busy are PLL's Dahej and Gail's Dabhol terminals;
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We have brought in the latest data on the following parameters
8Merchant ship: Forecast by shiptype till 2030
8Offshore mobile units: Against forecast by shiptype
8Global ship  contracting forecast, shiptype and countries where they are built
8Shipbuilding capacity and utilization data
8Total global fleet (greater than 100gt), made up of 100000 ships
8World fleet and order book development
8Global offshore wind market till 2020
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DAP Greenfield Project
8Cost:200 Cr.
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted at the end of November 2021. The company has applied for the loan, It is likely to be elicited in December 2021. RFQ for the EPC contractor is likely to be released in January 2022.
Sulphuric Acid/DAP/NPK/Ammonum Sulphate Expansion Project
8Cost:550 Cr.
8Project Event: The proposal for the term of references has been granted and the proposal for the environmental clearance is likely to be submitted in January 2022, RFQ for the LSTK contractor is likely to be released in February 2022 Details
Get the daily updates for
8LNG 
8Crude
8Chemicals
8Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates
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8Risk assessment of GAIL's HVJ pipeline is currently on 
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GAIL's Q2 profits were much higher than what analysts had thought they would be
8So what has caused this spurt?
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8This CBM operator is crawling out of the COVID aftermath and is seeking to hire consultants to move ahead
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How do different ship propulsion fuels compare under different parameters
8And which fuel is preferable?
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Gas companies are unable to pass on price increases entirely to consumers
8Margins have suffered
8But the good point for some is that volumes are smartly up
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The offshore rig market is showing a strengthening of utilization rates
8But day rates remain subdued, reinforcing the generally held assumption that a lot of cold staked rigs may have to be scrapped
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CGD companies are diversifying in all kinds of directions
8Here is one which wants to set up a compressor plant
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8An E&P company is looking for technical manpower
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8Project Name: Ashoknagar District City Gas Distribution
8Project Cost: Rs 300 crore.
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8HOEC has further plans in its Dirok discovery area
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This is a Rs 730 crore import terminal expansion project
8Get a full backdrop
8Also, know what kind of RFQs are ahead
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This Rs 344 crore Pradip-Haldia product pipeline project is under active contracting
8IOC is the owner, and the PMC is Synergiz Global Services
Click on Details for more on who has been awarded what, and what is left to be contracted out. Details
For reference purposes the website carries here the following tenders:
8Carrying out Electrical Works Details
8Carrying out NHT ISOM Painting Details
8Civil, Electrical and Mechanical Jobs for development of new outlet as well as modernization of existing outlet Details
8Recollection of used Packages Details
8Supply and Commissioning of Nitrogen Tyre Inflator Details
8Lube Warehouse Services and Secondary Transportation at Vijayawada Details
8Transportation of packed LPG Cylinders by road Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8G20 leaders to tackle energy prices, other economic woes Details
8Crude oil price rally resumes on OPEC+ supply expectations Details
8Vedanta reports multifold jump in Q2 net profit at Rs 4,615 cr Details
8Seven ethanol units to come up in Assam: Himanta Biswa Sarma Details
8India will use its 'margin of persuasion' to make sure fuel prices are down: Puri Details
8Petrol and diesel prices up for third straight day. Check the pinch Details
8Indian Oil records second quarter net profit of Rs 6,360 crore Details
8Biden pushes G20 energy producing countries to boost production Details
8Saudi Aramco sees third-quarter income rise to $30.4 billion Details
8Oil price falls after China releases reserves of gasoline, diesel Details
8Excise collection on petroleum products 79% more than pre-Covid levels Details
8Buy Gujarat Gas, target price Rs 967: Reliance Securities Details
8Diesel zooms past Rs 100 in Kolkata, leaves vehicle owners fuming Details
8GAIL Q2 results: Net profit doubles to Rs 2,863 crore Details
8BPCL net profit rises 24 per cent to Rs 3,200 crore in second quarter Details
8China struck by diesel shortage Details
8Natural gas prices could soar even higher as europe braces for a cold winter Details
8Oman's 230,000 b/d Duqm refinery set for Q1 2023 startup following delays Details
You can also click on Newsclips for more   Details
Ammonia-Urea Expansion Project
8Cost-150 Cr,
Update: The project has elicited environmental clearance in Jan 2020, but due to a lack of funds it is on hold, the company has applied for a loan, sanction is likely to be elicited in December 2021. RFQ for the EPC contractor is likely to be released in January 2022.
Ammonium Sulphate Expansion Project
8Cost: 9 Cr.
Update: The company will execute the project on its own, without involving any external technology supplier and it shall be using its available in-house expertise and resources. The public hearing has been completed, the proposal for the environmental clearance is likely to be granted in November 2021. RFQ for the EPC contractor is likely to be released in January 2022 Details
Get the daily updates for
8LNG 
8Crude
8Chemicals
8Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates
Click on Reports for more Details
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