Even though gas based electricity may have a fighting chance to stay relevant in the medium term, the ride so far has not been rosy
8Given India's gas production constraints, low cost-competitiveness of liquefied natural gas (LNG), and under-developed infrastructure, the share of gas-based power in total generation plunged to around 4% in fiscal 2016 compared with 12% in 2011
8This is because of inadequate domestic supply and unviable LNG prices.
8Spot prices of electricity have fallen below...http://goo.gl/WNluOb
Increasing demand for gas from the power sector can be a game changer for gas suppliers in India
8The latest five-to-fifteen year perspective on demand and supply data for electricity along with other attendant information released by the government has huge relevance for gas suppliers
8One finding is that there will be no need for coal fired projects in the next five years
8The plan highlights different technologies available for efficient generation, transmission and distribution of power in the next five years while also providing clear fuel choices based on economy, energy security and environmental considerations.
8The impact of CO2 emissions is analysed in great detail. The CO2 emission from gas based power stations is almost half of what is generated by coal based power stations and this is taken into account in the projections.
8This is a must read 400-page document on the Indian power sector for...http://goo.gl/WNluOb
ONGC Videsh has been trying to wrap a deal over its Farzad-B gas field in Iran for a long time now and yet no results are out even as global companies continue to sign deals with Iran
8Russia’s GAZPROM NEFT has signed a preliminary agreement with NIOC to develop two major oilfields in Iran. It will carry out studies at the Cheshmekosh and Changouleh fields near the border with Iraq, according to Iran’s Shana news agency...http://goo.gl/WNluOb
A new study by Wood Mackenzie shows that exploration should return to profitability in 2017 after five years of only single-digit returns.
8Smarter portfolio choices and lower costs are already paying off.
8The study finds that exploration in 2017 will continue its transformation to a smaller, more efficient industry...http://goo.gl/WNluOb
Alphageo (India) Ltd is a seismic survey services provider in the E&P sector in India and even as the outlook for the sector remains dim, this company seems to be doing well.
8The company is involved in the design and preplanning of 2D and 3D surveys, seismic data acquisition in 2D and 3D, seismic data processing and reprocessing/special processing, seismic data interpretation, generation, evaluation, and ranking of prospects, reservoir data acquisition and reservoir analysis...http://goo.gl/WNluOb
CPCL is largest refinery in south India with a total installed capacity of 11.5 MMTPA
8Looking at the buoyant demand and production of downstream products, mildly rising crude prices and up move Singapore GRMs, the company's prospects look bright
8A 17km long new pipeline from Chennai port to Manali (to replace the existing one)is likely to be commissioned soon resulting in savings...http://goo.gl/WNluOb
The refining sector will face challenging times ahead
8With the growth rate of refining capacity in being more than 50 percent greater than the growth rate of oil demand, there could be excess supply of refining, which is expected to continue to increase.
8This is likely to put downward pressure on utilization and margins in the three hubs (North America, Europe and Asia) up to 2020...http://goo.gl/WNluOb
A presentation speaks of the outlook for the gas market in India.
8The current risk allocation framework is highly skewed leading to the under-recovery of revenues, with developers bearing most of the market/volume risk...http://goo.gl/WNluOb
The website carries here a presentation on talent requirement in the oil and gas sector in India...http://goo.gl/WNluOb
GAIL has opposed BPCL's a recent attempt to dub the Mumbai-Manmad-Manglia-Bijwasan product pipeline as a dedicated pipeline and the public sector refiner's proposal for connecting Vadinar to the Manglia-Kota pipeline as an extension of the dedicated pipeline...http://goo.gl/WNluOb
Latest indications are that the US onshore oil and gas industry has stabilized after a long period of uncertainty
8For the first time in 2 years, some of the indicators are in the positive zone and others are nearly so...http://goo.gl/WNluOb
New studies are showing that the oil market is likely to return to "balance" in 2017.
8The futures market however shows a wide band of prices, going up to...http://goo.gl/WNluOb
The website tracks LNG carrier hire rates on a daily basis in collaboration with a foreign supplier of such information.
8Atlantic carrier hire rates have gone down rather sharply...http://goo.gl/WNluOb
ONGC is setting up a new onshore terminal to process the gas coming out of the Daman Development Project.
8The Gas initial in place of ONGC fields in nomination blocks in...http://goo.gl/WNluOb
The PNGRB has cancelled the authorization given to the Ahmednagar geographical area for development of a CGD network on the inability of the project promoters to come up with the requisite Performance Bank Guarantee...http://goo.gl/WNluOb
While the government has decide to integrate all hydrocarbon reserves under a single licence, if an operator looking for conventional oil were to stumble on shale gas reserves, the parameters of his operations will be dramatically different.
8Studies of shale gas wells in the...http://goo.gl/WNluOb
There are two schools of thought in the energy business today.
8There is the climate change lobby that continues to project the death of the oil industry.
8On the other side, there are entities such as OPEC and BP who have done elaborate studies to back up their claim that the oil and gas industry will continue to play an important role in the energy sector in the future...http://goo.gl/WNluOb
Oil majors ExxonMobil and Saudi Aramco have individually developed new steam cracking processes that allow...http://goo.gl/WNluOb
Scenario planning is now an inevitable exercise for producers of deepwater gas in India.
8And these planners are in a quandary because of conflicting data on how gas demand and...http://goo.gl/WNluOb
