Thursday 30 June 2016

D-6 Block: Pre-FEED and FEED activity on

Even though BP is not greatly keen on developing its India assets, it is, along with Reliance Industries Ltd, is talking to contractors on how to move ahead with the discoveries in the R-Cluster, Satellite and MJ discoveries in..http://goo.gl/WNluOb

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D-6 Block: Deloitte estimates proved reserves at 2.65 TCF
D-6 Block: Average sales down in 2016
D-6 Block: Gas price projections
D-6 Block: Operating cost at $1.51/mmbtu

Business development opportunities in the E&P sector

The following are the latest business development opportunities (well before tenders come out) available in the E&P sector..http://goo.gl/WNluOb

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Business development activities in midstream and downstream sector

Tuesday 28 June 2016

Deepwater play: Project costs go down drastically

With these dramatic changes predicted to take root within the next 15 years, Indian companies will need to quickly develop a position on the following questions..http://goo.gl/WNluOb

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Deepwater play: Cost matrix
Deepwater play: ONGC will have to abandon archaic practices
Deepwater play: Partnership model is the way to the future

Future of the oil & gas industry: Will AI sabotage India's industrialization plans?

Will the dramatic advances in Artificial Intelligence stymie Narendra Modi's grand ambition of finding employment for hundreds of millions of Indians?
8After many false dawns, Artificial Intelligence (AI) has made extraordinary progress in the past few years, thanks to a..http://goo.gl/WNluOb

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Future of the oil & gas industry: New data shows depressed demand for oil in the future
Future of the oil & gas industry: Battery cars will be here sooner than later
Future of the oil & gas industry: Why energy demand will decelerate

Monday 27 June 2016

ONGC rig tender: Aban beats competition

ONGC is all set to award the tender for the 1500-metre dynamically positioned semi-submersible rig to Chennai-based Aban Offshore at a day rate of $ 105,582 for the rig, Aban Abraham..http://goo.gl/WNluOb

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ONGC rig tender: Aban rate is "suicidal", say observers
ONGC rig tender: ONGC pushes Transocean to its knees
ONGC rig tender: Separate tender likely for KG-DWN-98/2

Indian investment hangs in balance in Iran: Are other companies gaining more ground?

There is still a fair amount of uncertainty over whether ONGC Videsh Ltd (OVL), along with OIL and IOC, will be given the first right of development for the Farzad-B gas field in Iran..http://goo.gl/WNluOb

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Indian investment hangs in balance in Iran: Local tie-up made compulsory

Thursday 23 June 2016

GAIL learns little from KG Basin blast: Late start to non-piggable integrity study

After dozens of people lost their lives in the KG Basin pipeline blast, GAIL has embarked on a comprehensive surveillance and maintenance programme for its 870 km pipeline network in the region. But the study comes a little too late in the day and should have been done earlier..http://goo.gl/WNluOb

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GAIL learns little from KG Basin blast: Slow adoption of new technology may cost company dearly
GAIL learns little from KG Basin blast: Is another disaster waiting to happen?

Going to the Middle East: Business opportunities galore in pipelines

For an Indian company with a global perspective, the scouting for business opportunities must have to start with the Middle East..http://goo.gl/WNluOb

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Going to the Middle East: Action picks up in Egypt
Going to the Middle East: Iran and Iraq can be goldmines
Going to the Middle East: Building relationships is the name of the game

Tuesday 21 June 2016

Bengal Energy quits India

Land acquisition for E&P activity can be a big problem as Bengal Energy, an Indian run Australian E&P company, found out to its peril.
8Land acquisition ran into serious trouble in the company's..http://goo.gl/WNluOb 

Business opportunities in the E&P sector: Jack-up rig needed for 10 well exploration programme

Chasing business opportunities in the oil and gas sector has always been a tough job. A lot of footwork usually goes in well before an opportunity matures into a tender.
8The website carries here information on an opportunity for a Jack-up rig needed for an offshore exploratory programme by a private sector promoter that can go up to..http://goo.gl/WNluOb

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Business opportunities in the E&P sector: Rs 440 crore 40-well onland development programme coming up
Business opportunities in the E&P sector: Another 18-well campaign is on way

Friday 17 June 2016

Long term price cannot stay too far away from the cost curve

Amidst all the spreading gloom over oil prices sliding back again, here is an analysis that says that prices are going to go up.
8In the long term, the analysis expects global inventory levels to normalise and OPEC spare capacity to remain below..http://goo.gl/WNluOb  

Difference between spot and contract LNG prices widens again: The gap has gone from $0.60/mmbtu to $2/mmbtu

Spot LNG price that ruled above $5/mmbtu crashed back to $4.2/mmbtu by mid-week in India, according to daily LNG data monitored by this website's sister publication, www.indianpetrochem.com..http://goo.gl/WNluOb

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Difference between spot and contract LNG prices widens again: Consumer resistance expected
Difference between spot and contract LNG prices widens again: Will PLL be forced to knock on Qatar's doors again?
Difference between spot and contract LNG prices widens again: Qatar can't afford to lose grip on the Indian market
Difference between spot and contract LNG prices widens again: Cheap cargo from Shell's Nigerian plant could become the bull in a china shop for India
Difference between spot and contract LNG prices widens again: Amidst the bonhomie, hard economics drive relations between India and Qatar

Thursday 16 June 2016

JV for new ammonia-urea units signed: Time to move in quickly

Time has already arrived for both gas suppliers and equipment and service providers to begin working on Coal India Ltd, NTPC and even Indian Oil Corporation for business development purposes..http://goo.gl/WNluOb

Freight rates: Slow down in activity expected as crude prices cool down

The attention of the shipping community was diverted by Posidonia, the biggest maritime event in the world, held at Attica in Greece..http://goo.gl/WNluOb

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Freight rates: Crisis continues in new building segment as Korea announces $9.5 billion relief package

Tuesday 14 June 2016

Sending the wrong signals: Hardy stuck in court battle

Hardy Exploration & Production's unsuccessful three year fight to ensure the imposition of a foreign arbitral tribunal award in Indian courts -- that would have restored the CY-ON/2 block to its operatorship  -- in the face of teething opposition from the Indian government is an issue that the..http://goo.gl/WNluOb

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Sending the wrong signals: Long winding procedure leaves company frustrated
Sending the wrong signals: Company promises to invest an extra $300 million
Sending the wrong signals: Company runs into more trouble
Sending the wrong signals: The state needs to be sensitive

Rs 14,000 crore business opportunity: RFQs likely for PMCs and EPCs

For reference purposes, the website carries here an unpublished business development opportunity for a massive Rs 14,000 crore port development project..http://goo.gl/WNluOb

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Rs 14,000 crore business opportunity: Liquid LNG cargoes will be handled
Rs 14,000 crore business opportunity: Break-up of work

Thursday 9 June 2016

We have launched our project monitoring software: We capture hundreds of parameters around a project

We have launched our new project monitoring software.
8We are proud to claim, immodestly perhaps, that we have developed one of the world's most sophisticated project monitoring softwares. It comes integrated with a CRM package.
8We capture hundreds of parameters around a project in the software.
8The software is also capable of generating hundreds of pages of detailed reports from its MSQL database, giving you dozens of ways to slice up the information..http://goo.gl/WNluOb

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We have launched our project monitoring software: Rs 18,000 crore of urea-ammonia projects make progress
We have launched our project monitoring software: EIL likely to be a tough competitor for future urea-ammonia projects
We have launched our project monitoring software: Will the Rs 20,000 crore NRL refinery expansion proposal go through now that the BJP is in power in Assam?

Wednesday 8 June 2016

Relaxation of PSC rules: Ministry says it is bearing results

Has the new "Policy Framework for Relaxations, Extensions and Clarifications at the Development stage under PSC regime for early monetization of hydrocarbon discoveries" given results?..http://goo.gl/WNluOb

Business development opportunities: Shale oil and gas programmes by OIL and ONGC provide vast scope

For those equipment and service providers interested in shale oil and gas developments, the website carries here possible business development opportunities in India.
8In all, 50 blocks have been identified by..http://goo.gl/WNluOb

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Business development opportunities: Seismic surveys to see more competition
Business development opportunities: Where will the $20 billion KG Basin investment go into?