News & Bulletin Updates

8If you are looking at Oman E&P as a supplier of good and services, here is a long list of upcoming projects

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Oil companies are not willing to do piece meal E&P work anymore
8Integrated contract is the buzz word, where all services, equipment and material procurement are integrated under the contract for a period three years, extendable by one year
8Here is an RFQ for a huge contract coming up ahead, involving multiple wells and multiple blocks
8For equipment and service providers, including rig suppliers, for these drilling contract, there will be a lot of work ahead, though major tools will be coming in only from a specified list of companies

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8The second ONGC well in the KG-DWN-98/2 in the U-1 field has got delayed
8When is the commission date?

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Nov 24, 2021: Collated Briefs

Here are some relevant news for the benefit of our readers
8McDermott wins contract for an LNG project
8This major engine manufacturer is looking at turning out ammonia and methanol use engine by 2024
8This global offshore rig company wins a deal in India
8Find out why release of strategic reserves had little impact on prices
8Cheniere Partners produces first LNG at Sabine Pass Train 6
8Vedanta boss honoured
8India's gasoline exports rose on the month in October despite an increase in motor fuels demand
8Get some examples of green energy storage success stories here
8Latest monthly crude oil production and processing report
8Why shipowners are witnessing growing benefits of leasing by Chinese companies
8While gas is being bandied as a sustainable fuel, LPG wants to take its place, find out more
8This ship breaking company in India gets a pat on the back from its rating agency
8Disrupted supply chains threaten global recovery, know why
8Here are a hundreds stories on the shipping industry from around the world

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The intermittency of renewable power has put the focus back on electricity storage as the world progresses to a net zero solution
8Long duration utility scale energy storage is now the new buzz word and a fascinating array of new technologies are on the anvil, each more promising than the other
8There are now mechanical, thermal, chemical and electrochemical solutions available, and many solutions within these sub-categories
8And the number of long duration storage projects is rising rapidly
8Further, all of this will have to be scaled up very rapidly over the next few years as costs decline
8The projection is that long duration storage will have comparable investment returns to other energy technologies within the next four years

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8COP26 produced a non-binding promise between more than 20 countries, including the US and Canada, to stop funding foreign fossil-fuel projects by the end of 2022
8Most Asian countries declined to sign the pledge, but China has separately pledged not to invest in foreign coal projects
8This will raise the risk of stranded assets in fossil-fuel businesses

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8The European Investment Bank (EIB) has said that it will stop investing in coal projects from 2022, as well as most oil projects
8The Asian Infrastructure Investment Bank (AIIB) has hinted that it may also bar investment in coal power plants from 2022

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8India is facing a shortage of fuel and has urged utilities to import coal as supplies at several plants run low
8CIL warned the adviser to the federal power ministry in February of an impending fuel shortage as utilities tapped inventories and curbed purchases despite rising coal-fired power output
8CIL generally asked utilities to stock up before the annual monsoon season when rains squeeze output and make transport more difficult
8But the company was more worried this year as coal-fired power output picked up with corona virus-related restrictions easing
8Coal-fired power output grew nearly a fifth during the first eight months of 2021, outpacing overall generation growth of 13.2 percent

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The ethanol as vehicle fuel is now a global phenomena
8And here is an excellent report on the outcome of such usage
8It is a multi-country study, and India is included in it

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There was no cartelization in the award of a transport contract by HPCL for cylinders
8This is the ruling by the Competition Commission of India

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Hydrogen is no doubt the future, and cost compatibility with competing fuels is just a few years away.
8What about the gas pipeline infrastructure then?
8Will they be able to transport hydrogen, and what kind of cost-economics are involved?

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Sulphuric Acid Greenfield Project
8Cost: 50 Cr.
8Project Event: The review is still ongoing in the MoEF, clearance is likely to be elicited at the end of December 2021, RFQ for the local contractor as well as equipment supplier is likely to be released in January 2022

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This fertilizer plant price tag was at Rs 6000 crore
8But the price tag has now gone up by a massive Rs 1200 crore, and this will have all round implications
8And the commissioning timeline has been shifted

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The fertilizer minister is on emergency mode reviewing fertilizer availability on the ground
8But the nature of the centralized system is such that it does not really catch the reality on the ground
8So even if there are shortages, the minister may not get to know because the data collection system is faulty and bureaucratic

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Find out how the global fertilizer crisis is severely impacting the shipping industry
8Know more in what ways it is doing so

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8KBR has been awarded a 3-year contract to provide digital plant performance monitoring and advisory services for its ammonia plant
8Know more

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8Smartchem Technologies, a wholly-owned subsidiary of DFPCL has launched an innovative fertiliser brand
8Know more

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Nov 24, 2021: Daily import prices

8One Rock Phosphate Shipment is reaching on 28th November 2021
8One Phosphoric Acid Shipment is coming up on 4th December 2021
8One DAP Shipment is coming up on 1st December 2021

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8At the twelfth ministerial-level meeting of the India-United States Trade Policy Forum (TPF) in New Delhi on Tuesday, the US marked its support to India's ambitious goal of reaching 20 per cent ethanol blending country in the next five year and expressed an interest in supplying ethanol to India for fuel purposes.

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8India's crude oil production fell 2.15 per cent in October as state-owned firms produced less but, natural gas output rose by a quarter on the back of output from KG-D6 fields of Reliance-BP, government data released on Tuesday showed.

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8Russian oil company Rosneft promotes a framework of integrated cooperation with Indian partners across the entire value chain, from the extraction of oil to the refining and distribution of oil products.

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8Royal Dutch Shell has halved its crude processing capacity at its Singapore hub and reduced fuel exports, executives said on Tuesday, as the major transits from fossil fuels to cut emissions and meet global low-carbon energy needs.

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8India’s government was wise to repeal the controversial farm laws. Irrespective of the long-term benefits of the three laws touted as agricultural reforms, they were unacceptable to farmers from the outset.

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Caprolactam prices in Ahmedabad are currently at lower levels.

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Toluene Diisocyanate prices have moved lower in the Mumbai chemical market.

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