News & Bulletin Updates

A seemingly routine supply contract carries a structural twist — if GSPC’s merger into Gujarat Gas goes through, the contract could be novated to GGL.
8For bidders, this could mean a change in compliance, invoicing and delivery oversight.

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From cyanide to cadmium, benzene to benzo pyrene — the scope runs deep.
8Labs must offer high-resolution analytical capacity and compliance-grade reporting tools to handle the full parameter spread across water, air and flue gas.

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8With Technip overseeing the bid, the package closed with three firms trading L1 positions across a dynamic pricing grid.
8For one BOQ, a Rs 890 crore bid one company nearly 70% higher than L1
8All kinds of dynamics were at play

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8Indian first green hydrogen export port is underway

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With just Rs 17,856 separating L1 and L3, the ONGC tender shows how tight pricing has become in the well servicing segment.
8Technical compliance is assumed — but it’s the numbers that won this race.

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8Find out what happened

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ASAP Fluids quoted Rs 225 crore; KMC Oiltools was just ?4.5 crore behind.
8It was a highly commoditised but high-stakes bidding format
8Chemical pricing strategy and rig-readiness may have made all the difference.

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With oil viscosities hitting 57,000 cP, OIL is betting on cyclic steam stimulation to unlock production.
8The awarded tender is a full turnkey package — steam, fuel, safety, water treatment, and manpower included.
8Boilers, WTPs, fire systems — all mounted on skids, wheels or trailers. The bidder must ensure fast inter-location movement, often across sand dunes, in 50+ degree heat.
8Find out who the winning bidder was

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The highest bidder put in nearly 4X the L1 winning bid.
8ONGC’s chemical procurement highlights rising disparity between established formulation pricing and aggressive market entry tactics.

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After strong results from OHGP pilot jobs in two wells — faster stabilization and lower SOR — ONGC is now scaling up to 44 wells.
8These wells are spread over Daman Upside Project, North Tapti, MBOSN, SD-4, and others
8Three contractors seem keen to pick up this job

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A corrigendum had just pushed the bid date to May 20.
8Less than a month later, the entire tender stands cancelled.
8Was it budgetary hesitation or a shift in asset strategy?
8With a hefty bid security and intense pre-bid interest, cancellation at this stage leaves major service providers in the lurch
8Could the cancellation of this integrated package lead to modular tendering?

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How many players are there in the offshore rig market in India
8On last count there are 18 who could potentially be vying for order

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OIL’s novel 7-year contract to has terms which are not favourable
8From land acquisition to civil infra, OIL has placed the complete development burden on the contractor.
8No ROW, utility, or power assistance will be provided.
8Advance payment fixed at mere 2%
8Even so a bunch of companies seem interested

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OIL’s novel 7-year contract to has terms which are not favourable
8From land acquisition to civil infra, OIL has placed the complete development burden on the contractor.
8No ROW, utility, or power assistance will be provided.
8Advance payment fixed at mere 2%
8Even so a bunch of companies seem interested

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This isn’t just about manning a rig.
8The winning bidder must deploy a 128-strong crew, take care of rig-up/rig-down, preventive maintenance, and ensure 24x7 uptime across Assam’s toughest terrains.
8Why is the tender delayed?
8Query That OIL wants to extend it to a 3000 HP category rig brings in new dynamics, and that is what could be a reasons for the delay, and there could be other reasons too
8Give full details of the tender, and then weave it into the time extension.

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This HDD contract will mean traversing areas with existing C3/C4, sewer, water, and rail corridors.
8Expect elevated requirements on depth profiling, casing, and clearance
8This will add to both design and execution cost.

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8Paradip PP Line-2 is set for a major process upgrade.
8The move is designed to enable production of impact and random copolymers for higher-value PP output.

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8Basell Polyolefin’ Italia’s Spheripol process is to be used
8IOCL is upgrading feedstock treatment at its Paradip refinery

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The insolvency settlement has brought about a turnaround
8And it is good going from here onwards

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Chhara is building a breakwater for its LNG terminal
8When will become a all-weather port?

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Crude first, chemicals later as HPCL staggers Barmer start to manage late completion by contractors
8The petchem lag clouds company's very ambitious $20 GRM goal as Barmer refinery starts solo in Q3

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Get a full update on all HPCL projects
8What is going, and what is ahead

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Russia’s gas is either going to be phased out more comprehensively or let back in if there is a peace deal
8Both scenarios could bring about big swings in LNG prices, trade, and investment
8Here is what LNG buyers in India must keep in mind

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This is a private E&P company that started from little
8And its leveraged its deeper pockets and professional management to take advatantage of the gaps in funding and technology in India's private E&P business

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Market data shows just a 2.4% rig order book worldwide, and 32% of existing rigs are over 20 years old.
8Tight supply could mean stronger rates ahead.
8But for now, Great Eastern’s offshore arm showed stability in logistics even as the drilling side faltered, driven by mixed signals from India’s offshore E&P rollout.

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