The PetroStuffs Newsletter Edition - 7

November 24, 2020 Chemical, newsletter, Oil Market, petrochemical, Petroleum, Recent Trends, stockchart No comments

The PetroStuffs Newsletter Edition - 7

Get your weekly summary of the most volatile industry of all times, Oil n Gas. Keep a track of one the highest valued commodity. And learn the ups and downs of the industry throughout the week. Make sure to grab yourself a copy to stay on the edge of it all.

In this edition
👉IT CARRER PROSPECTS - OIL N GAS.
👉OIL LAUNCHES 220CR SEISMIC CAMPAIGN.
👉HPCL, FIRST TO LAUNCH 'POWER 99' IN TN.
👉GOVT TARGETS 1,000 LNG OUTLETS.
👉HPCL TO INVEST IN CREATING GAS VALUE CHAIN.
👉INDIA, ONLY G20 COUNTRY TO BE '2 DEGREE' COMPLIANT.
👉TCG BLENDS OIL, TECH SOLUTIONS.

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COMMON LPG GAS BOOKING NUMBER ACROSS INDIA

November 02, 2020 Automation, GAS, petrochemical, Petroleum, Recent Trends, theory No comments

From now on, Indane customers cannot book gas on the old number. Indane has implemented a new number on the registered mobile number of their customers.Indian Oil Corporation Limited has launched a common booking phone number all over India.

The common booking number for LPG refills for the whole country is 7718955555. It is available 24x7 for the customers. Even if customers move from one telecom circle to another across States, their Indane refill booking number remains the same. The current system of telecom circle specific phone numbers for booking Indane LPG refills will be discontinued after 31st October 2020 midnight. LPG booking can be done using the customer’s registered mobile number only. If the customer’s mobile number is not available in Indane records, then one-time registration of the mobile number should be done.

This common number for all-India LPG refill booking, through SMS and IVRS , is an important step to boost customer convenience and ease of booking Indane LPG refills. Keeping the social welfare of the people in mind, this method was launched. The 16-digit consumer ID of the customer is mentioned on Indane LPG invoices/ cash memos / subscription voucher.

~ Anisa Gaffar

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SEE MORE: DOES THEORITICAL KNOWLEDGE MATTER?

"FYOOL" APP TO PROMOTE AN ATMANIRBHAR INDIA

November 02, 2020 Automation, Chemical, Drilling Fluids, Drilling Operations, General, Knowledge, Oil Market, Petroleum, petrostuffs, Recent Trends No comments

FYOOL, an outstanding cashback app has hit the android market. It is offering up to 50% cashback on Petrol, Diesel, CNG along with Alcohol. The FYOOL cashback app is one of its kind in the growing technology. It is aiming to promote the growth of the middle class people in the current scenario.

This creative venture is the brainchild of Mr. Raunak Sharma. He is a Delhi based entrepreneur who is neither a technocrat nor Management student with any high-profile degree. The move was taken to connect people and their needs. The Fyool App launched on October 27, 2020 with a magnanimous offer offer of 100% cashback to the first five hundred users who downloaded it within 24hours.It is available for download on the Google Play Store and for IOS users it will be available from next month. The users are supposed to upload a photo of their Petrol, Diesel, CNG, alcohol bills to avail the cashback. The cashback can be spent on anything like, household items, groceries, etc.

The app promises to help people save their hard-earned money. This was created with an intention to uplift the common man's life. This unexpected pandemic has burdened people's lives and this app would help in creating an additional income.The app is completely ‘made in India’, thus promoting the Atmanirbhar Bharat scheme started by the government of India. The app is completely beneficial to the people who needs to buy fuel on a daily basis.

~ Anisa Gaffar

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SEE MORE: DOES THEORITICAL KNOWLEDGE MATTER?

GLOBAL DIGITALIZATION BY OIL AND GAS ENGINEERING SOFTWARE

October 31, 2020 Automation, Chemical, General, production, Recent Trends No comments

The Global oil and gas engineering software market, 2020 is a recently published report. This software features reliable and detailed information about the oil and gas engineering. The Oil and gas software provides the qualitative and quantitative facets in regards to the global leading regions.

The software is to study the comprehensive details of the market investors. This will also enable them to make decisions in regards to the growth opportunities and also the future investment scope. After an in-depth study of the industry including the primary and secondary levels of research, the software was made. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Secondary research includes exploration, internet sources, and statistical data from government organizations. This has proven to be an effective and successful approach for the precise oil and gas engineering software data, insights and business opportunities.

The software has highly covered the regions of Middle East and Africa, North America, South America, Europe and Asia Pacific. It estimates the 2020-2027 development trends, SWOT analysis, market dynamics scenario, growth opportunities and the demand and supply forces influencing the market.

In the rapid growth of technology in today's world, the oil and gas sector is also getting digitalized. This software has been prepared giving a strong attention towards COVID-19 outbreak. The pandemic has lately stagnated the growth of the oil and gas industry. Hence, this will increase the performance of the companies by offering some online activities

~ Anisa Gaffar

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SEE MORE: SOP's Rules & Regulations to be revised by Petroleum Ministry After Baghjan's IncidentPsO

ONGC RECRUITMENT 2020 FOR DOCTORS

October 31, 2020 Automation, christmasstree, Drilling Fluids, Drilling Operations, ECE, General, Glossary, Oil Market, petrochemical, Petroleum, petrostuffs No comments

Oil and Natural Gas Corporation Limited (ONGC) has invited applications for recruitment to the post of Doctors at Mehsana, Gujarat. Interested candidates can apply for the posts on or before November 5.

Doctors and nurses hold a distinctive responsibility in our lives. Their contribution towards the society is immensible. During this pandemic, the need of doctors and medical professionals is very much necessary. Even in emergencies like accidents that mostly take place in an oil and gas industry, a doctor's presence matters a lot. Hence, ONGC is inviting application for posts of General Duty Medical Officer (GDMO) which has 6 vacancies and Medical Officer (Occupational Health- OH) having 1 vacany in Mehsana district, Gujarat. Candidates having an MBBS and training in Occupational Health/ Public Health/ Occupational Medicine will be preferred. The candidates will be appointed on Contract basis for a period upto 30/06/2022.

There is no maximum age limit for eligibility. Experience is desirable for the above posts. The Application along with enclosures should be sent through email at the following email ID — HRERMEHSANA@ongc.co.in, on or before 05/11/2020 upto 06:00 PM.

~ Anisa Gaffar

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SEE MORE: SOP's Rules & Regulations to be revised by Petroleum Ministry After Baghjan's IncidentPsO

COVID -19 Effect: Government extends BPCL Privatisation deadline till Nov. 16

October 07, 2020 General, Knowledge, Oil Market, petrochemical, Recent Trends No comments

In the current scenario where India’s economy is not doing well so to boost the slowing down economy the Central Govt. is planning strategic disinvestment of its stake in major 26 PSU’s along with India’s second-largest oil marketing company The Bharat Petroleum Corporation Ltd.

Presently BPCL operates four refineries at Mumbai, Kochi, Bina, and Numaligarh with a combined capacity to convert 38.3 million tons of crude into fuel. It also owns 15,078 petrol pumps and 6,004 LPG distributors across the country. The Mahratna firm employees around 12,000 people and also clocked a net profit of ₹ 7,132 crores.

The NDA government is planning strategic disinvestment of BPCL. Last year on November 26, 2019, the Union Cabinet approved for auctioning all the stakes of BPCL that government holds and raise around ₹40,000 crore in the financial year 2020-2021. “The BPCL will be completely sold by March 2021,” said Finance Minister Nirmala Sitharaman. She added the BPCL privatization on track and lots of private firms are interested to buy stakes.

As per the report published in The Indian Express, Govt. has decided to extend the deadline for bidding of BPCL for the fourth time in a row from September 30,2020 to November 16,2020 due to the COVID-19 global pandemic. The report also says the big global energy firms like Saudi Aramco, Abu Dhabi National Oil Co. (ADNOC), Rosneft of Russia, British Petroleum, and Exxon Mobil intended to participate in the bidding process.

To rescue the current economic crisis the decision in itself is a prudent move by the Central Government. It's going to be a great opportunity for India to attract foreign investors and foreign investors to get access to the world’s fastest-growing energy market.

~ Yogendra Singh

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SEE MORE: SOP's Rules & Regulations to be revised by Petroleum Ministry After Baghjan's IncidentPsO

SOP's rules & regulations to be revised by Petroleum Ministry after Baghjan's incident

October 07, 2020 Chemical, Drilling Operations, General, Knowledge, Oil Market, Recent Trends No comments

Baghjan oilfield incident at Assam’s Tinsukia district leads to the changes in standard operation procedure (SOPs) and rules and regulation for the entire oil and gas industry. Referring to Baghjan's incident we know it causes a lot of damage and loss of life and the property, also there has been a bad impact on the nearby areas because of the heat and noise generated from the blowout well of Baghjan field.

Being aware of the Baghjan oilfield incident the central the government said in the parliament that the SOP of oil and gas industries are being revised for making improvement in order to prevent such accidents in the future. In a written reply in the Lok Sabha on September 19, 2020 Minister of Petroleum and Natural Gas Mr. Dharmendra Pradhan said that in the most incident of gas leakage in any pipeline the oil and gas wells are closed immediately to prevent fire and loss of the oil and gas after carrying out leakage rectification job, operations are normalized and production is restored.

After the incident the minister of petroleum and natural gas constituted 3 member inquiry committee to inquire into the Baghjan incident, in addition, the ministry also orders the Directorate General of Mines and Safety (DGMS) and Oil Industry Safety Directorate (OISD) to form committee and appoint them for making new SOPs. The OISD & DGMS is responsible for audits including External safety audits & Surprise safety Audits at periodic intervals to cover all the existing installations; pre-commissioning safety audit of all new facilities being added to the existing installation & new installation being set up, before commissioning of the facilities Mr. Pradhan said.

"Also Minister Pradhan advised the Ministry to visit the Oil & Gas industry, to audit the safety measurements in the industry and report to Ministry as soon as possible. To bring new reforms into action".

The new rules and standard operation procedure will definitely help the industry to set new machinery and to increase safety measurements so any incident and untoward can be prevented to happen.

~ Yogendra Singh

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SEE MORE: CAIRN VS. GOVERNMENT: RAJASTHAN'S OIL BLOCK DISPUTE

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