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OC’s 180,000 crore capex-I: The bull run will continue for five more years?

Galvanized by higher profits, Indian Oil Corporation plans to fund its massive Rs 180,000 crore capex over seven years through internal accruals. Earnings are likely to be strong going ahead, now that the Paradip refinery has been fully commissioned. Higher complexity of the refinery will provide a better core GRM (of around $ 12/bbl) which …

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Mozambique LNG project: Some traction at last

Now that a final investment decision (FID) has been taken for the ENI promoted Coral Floating LNG in offshore Mozambique underpinned by Shell's commitment to offtake all production, consortium leader Anadarko Petroleum has begun work on activating its own Indian LNG projects in  the adjacent Rovuma Area 1 Offshore block in which the Indian trio of ONGC, …

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Fall in POL consumption: Beware of the ides of June

Beware of the ides of June, with apologies to the Roman saying.  The disappearance of growth in POL consumption in the industrial sector in June is a sure of sign of distress that industry watchers must take cognizance of. The following data proves the point: Naphtha consumption declined 4.3% in June in relation to the …

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Fall in US gas consumption in power sector: Watched with much consternation

There is some consternation globally among gas producers at the 11.8% fall in gas demand in the US power sector in June 2017 in relation to the same month last year. It is acknowledged that renewable energy is making a dent, but the extent of it is not known yet because as of now it …

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Our project monitoring software is now live: A deal can be just a phone call away

A beta version of our project monitoring software is now online.It took us a long time to develop and perfect this unique software. Access for this now is free for our current subscribers. One of the key ingredients of the software is its ability to generate a future RFQ date for equipment & services and …

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Black & Veatch lands EPC job for Swan’s FSRU

Swan Energy has awarded US engineering firm Black & Veatch the engineering, procurement and construction contract on the proposed floating Jafrabad liquefied natural gas import facility off India. The job includes delivery of the jetty topside and onshore LNG facilities for the planned  5-million-tonnes-per-annum (MTPA) project, which consists of one jetty-moored floating, storage and regasification unit …

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