News & Bulletin Updates

8Project Name: Chandigarh District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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Ammonia Storage Tank Greenfield Project
8Cost: Rs 250 Cr.
8Project EventThe pre-commissioning work is ongoing, the project is likely to be completed at the end of December 2024
Roof Top Solar Power Project
8Cost: Rs 10 Cr.
8Project Event: The company invites Expression of Interest (EOI) from experienced and qualified Lump-Sum Turnkey (LSTK) contractors for the pre-qualification process to design, engineer, procure, construct, and commission a 1500 kWp rooftop grid-connected solar photovoltaic (PV) power plant which bid due date is September 16, 2024.

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8Appointment of Secretarial Auditor for the Financial Year 2024-25 [BPCL]
8Bharat Petroleum Board Approves Joint Ventures in Green Hydrogen and Compressed Biogas Sectors, Pending Regulatory Approvals [BPCL]
8Urja Bharat Pte Limited Awarded Full Production Concession in Abu Dhabi, Marking Strategic Expansion for Indian Oil Corporation [IOCL]
8Appointment of Chairman, Chairman Emeritus, and Additional Director [Aban]
8Voting results of 59th Annual General Meeting [EIL]
8Investment in ONGC Petro additions Limited (OPaL) [ONGC]
8Company to Appeal Against Penalty Imposed by State Tax Authority for Alleged Incorrect Availment of Input Tax Credit [RIL]

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8A refinery expansion has lead to a Rs 1200 crore capex on evacuation of products
8So expect more work for vendors from here on

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The Third Party Inspection Agency competition has always been intense
8And the gulf between the L-1 and the L-8 price is an incredible 5 times

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What raised eyebrows in this offshore tender was the presence of the these three companies
8SK Oilfield:
8CMG (Computer Modelling Group Ltd.)
8KBC Ltd (Yokogawa company)

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What centralization of purchases has done is the consolidate the requirements of the different assets under one scope of work
8You could have an E&P process that can be needed in Gujarat and then also in the North East
8So that is getting consolidated whereas earlier every asset would come out with its own requirement
8Also, suppliers will need to have more bandwidth, catering to fields which can be a thousand miles apart
 Here is a good example of it

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8Here's what's happening today in the E&P, midstream-downstream, and CGD section

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8Data accuracy is the goal of this real time monitoring of well flows for this E&P job

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Sep 13, 2024: LNG: Interesting data

Find out more on these very interesting facts
8Europe surprisingly is still quite heavily dependent on Russian gas so US LNG has to find its way to Asia
8As a result the gas sink has now shifted from traditional Europee to Asia pushed by stagnant European demand
8And India, despite  growing market, is low in punch in Asia compared to countries like China and Japan
8And there is a massive flood of LNG coming up ahead

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This Indian group has ambitious plans
8An LNG terminal, about a 100 LNG station
8And a green ammonia facility

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Yara is the owner of the Babrala plant
8But this plant in India is not the priority of the company anymore.
8In fact its attention is on another ammonia-urea plant

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Sep 13, 2024: Tender coming up

8Here is an NPK tender coming up

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8Yara's eyes are more on Kakinada than on Babrala
8Intimation of Analyst / Institutional Investor Conference [UPL]
8Intimation of schedule of Analyst / Institutional Investors Meet [DAL]
8Intimation of Investor/Analyst meet [MOL]
8Temporary Shutdown of Ammonia and Urea Plants in Goa Due to Equipment Breakdown [PPL]
8Shareholders Approve Special Business Resolutions via Postal Ballot, Including Director Appointments and Remuneration Changes [Coromandel]
8Notification of Appointment of Dr. T. Natarajan, IAS as Additional Director in Compliance with SEBI Regulations [GNFC]
8Proceedings of the 42nd Annual General Meeting of the Company [KCFL]

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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8
Crude
8LNG
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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8Project Name: Palakkad & Thrissur Districts City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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8Project Name: Jaunpur & Ghazipur Districts City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

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8Consultancy awarded for a new 2G ethanol project.

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Praj prides itself in indigenously developing 3G ethanol technology which promises to be a game changer when it is commercially adopted
8But someone else has also come up with the technology

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8A quick look at today's developments in E&P and midstream-downstream, and CGD section.
8Our synopsis gives you a 360 view of what is going on in oil & gas contracting like no one does.

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This E&P field got taken over
8And it did not take long for the new owner to get to work
8There is a workover planned for six wells and drilling of two vertical and one horizontal wells
8So there is business there for vendors

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While Arun Kumar Singh of ONGC has been able to change the company's contracting system sizably, there are other critical challenges he faces that for now seem insurmountable
8Find out what they are, and how they are going to eventually determine is legacy

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A big gas tender has come out
8The terms for the supplier as usual are unfavorable
8Yet there is no option but for most to compete as there is adequate supply in the market and bidders will want to bid anyways

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8The sugar-based ethanol industry seems to be unhappy with the government
8The government is accused of not doing enough
8And as a result the blending targets will not be achieved

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The departure of SM Vaidya has allowed IOCL to be more flexible in its tendering for major projects
8Here is an analysis of a very controversial project where the current dispensation has decided to broaden the scope after canceling the earlier tender with changed conditions

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