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GLOBAL DIGITALIZATION BY OIL AND GAS ENGINEERING SOFTWARE

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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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ONGC RECRUITMENT 2020 FOR DOCTORS

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

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

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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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Cairn vs. Government: Rajasthan oil block dispute

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 Cairn India’s Rajasthan oil block license extension is stuck in a dispute over cost and the firm is surviving on monthly extensions by the government, sources said. 



The government had agreed in October 2018 to extend the contract by 10 years for Barmer fields in Rajasthan after the expiry of the initial 25-year contract period on May 14, 2020. The extension was subject to Vedanta Group firm agreeing to raise the share of the government’s profit from oil and gas produced from the block by 10 percent. 

While Cairn protested against the additional payout and took the government to court, the extension was subsequently held up due to the government claiming additional profit petroleum after re-allocating Rs 2,723 crore common cost between different fields in the block and disallowance of Rs 1,508 crore cost on a pipeline, sources privy to the development said. 

Now the government wants the company to clear the dues before the extension is granted, they said adding the company has disputed the demand and issued a notice of arbitration to resolve the differences. 

Pending resolution, the government first gave the company a three-month extension of the production sharing contract (PSC) for the Rajasthan block, which houses the prolific Mangla, Bhagyam and Aishwariya oilfields, till August 15, 2020. 

It subsequently extended the PSC by 15 days and then by a month till September 30, sources said. 

According to Hindustan Times, a company spokesperson said, “The Rajasthan PSC allows extension on the same terms for a period of 10 years in case of commercial gas production and we are accordingly eligible for the extension.” The block, it said, produces more than 20 percent of India’s crude oil production and has the potential to double this over the next 3 years. 

“This requires a reduction in fiscal levies and administrative support for timely approvals,” the spokesperson said. “We have referred a few matters to arbitration that we were not able to mutually resolve.” The company, however, didn’t provide details. 

“We are hopeful to see some positive outcomes, we are committed to producing in this block and contribute significantly towards a self-reliant economy,” the spokesperson added. 

Sources said the Directorate General of Hydrocarbons (DGH), the upstream nodal authority of the Oil Ministry, on October 26, 2018, granted its approval for a ten-year extension of the Production Sharing Contract (PSC) for the Rajasthan Block (RJ), with effect from May 15, 2020 subject to payment of additional profit petroleum.

~ Rishab Soni

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IOC planning a future in Hydrogen

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 “Indian oil corporation to deploy 50 buses around the capital powered by a blend of hydrogen and CNG”, Chairman Shrikant Madhav Vaidya said. The fleet is to serve the public and is planned to start as soon as this year, potentially creating a new market for producer trying to rebound from its first annual loss in at least 20 years. 



Hydrogen is versed as a fuel of the future and has been praised as a key to fight climate change by energy enthusiasts all over the world. “Hydrogen seems to be the most disruptive and has the potential to grow 10 times between now and 2050”, said Giovanni Serio, global head of research at Vitol Group. ”It could be the one to solve the problem of storing energy and also addressing later the demand from the transportation sector.” 

According to a report by BloombergNEF, nearly $11 trillion of investment in production, storage and transport infrastructure is needed for hydrogen to meet about a quarter of the world’s energy needs by 2050. 

Hydrogen is considered advantageous in many ways because of its high energy density, the flexibility of production sources, a wide range of applications, and no greenhouse emission, but there are some downsides as well. As the current production methods are polluting and the explosion of hydrogen tanks in South Korea and Norway last year have brought up safety concerns as well. 

That aside, IOC isn’t the only one to look hydrogen as the future, China-based, Sinopec will integrate hydrogen into its retail fuel stations around Beijing and Norway’s Equinor ASA is building a large carbon capture and storage facility that could be a source of hydrogen. So, it can be concluded that soon hydrogen is to be seen in the energy sector as a brand new commodity and will play a visible role in the transition of the energy sector. 


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SEE MORE: BHAVNAGAR, GUJARAT TO HOLD WORLD'S FIRST "cng" TERMINAL

Bhavnagar, Gujarat to hold World's first CNG Terminal

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In a recent press conference, CM of Gujarat Vijay Rupani shared the information about the ‘Mega Project’ that is to be developed in Bhavnagar. Gujarat has sanctioned a budget of ₹ 1,900 cr. for CNG Terminal merger project which is going to developed by the consortium of developers. The two names that comes in the front foot are Mumbai based Padmanabh Mafatlal Group and U.K. headquartered Foresight group. 



In the first phase the ₹ 1,300 cr. will be invested by the consortium and the other ₹ 600 cr. will be invested in the second phase. 

In this project the terminal and existing port are going to get modified majorly, also the existing infrastructure will face several modifications according to the requirements. The project consists of dredging in the water channel of the port basin, construction of two lock gates, off-shore infrastructure for CNG transportation. Liquid cargo terminal, container terminal, and Ro-Ro (Roll-on Roll-off) ferry service would be developed. With this project, the Bhavnagar cargo capacity will increase to 9 MMTPA. 

After this project, Gujarat will be the only state in the country to have both LNG and CNG terminals. 

The project will also benefit the residents of Bhavnagar and its neighboring areas, vast employment opportunities will be generated. The scope of transportation and storage will increase. CNG based vehicles are expected to take a leap forward due to this project.


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