Page 14 - AsianOil Week 02

AsianOil
NEWS IN BRIEF
AsianOil
SOUTH ASIA
Indian Oil develops fuel for Indian Navy
Vice Admiral G.S. Pabby today launched
the world-class high-flash, high-speed diesel (HFHSD-IN 512), developed by Indian Oil, in presence of Dr SSV Ramakumar, Director (R&D), IndianOil and Mr. S M Vaidya, Director (Refineries), IndianOil, senior Navy and IndianOil Officials.
IndianOil has always endeavoured to supply world-class fuels to Indian Defence Forces. Moving ahead in this direction IndianOil has developed and upgraded
the specifications of HFHSD- IN 512
fuel required for Indian Naval ships. The upgraded fuel now exceeds the MIL DTL 16844M specifications which is considered benchmark standard across in the world. The fuel possesses the best rheological and detergent characteristics validated against most stringent military specifications. It also has lesser environmental impact due to low Sulphur content and would result in the better performance of engines. This fuel will facilitate the Indian Navy to enhance its global footprint and will allow India to fuel the vessels of friendly foreign countries at places where fuel conforming to NATO grade is supplied.
The upgraded HFHSD blend, meeting NATO specifications, has been rigorously tested within refinery and R&D, and the product is being supplied from Haldia & Paradip Refinery. IndianOil looks forward to such innovative technical collaborations with the Indian Navy for supporting the requirement of its new fleet.
INDIAN OIL, January 13, 2020
GAIL invites proposals to
fund renewable, alternate
energy start-ups
In a bid to encourage Start-Ups operating
in the area of renewable and alternate
energy sources like Compressed Bio Gas production, GAIL (India) Limited has opened its 4th round of applications for Solicitation
of Investment Proposals from Start-Ups operating in the sphere.
Speaking on the occasion, Dr. Ashutosh Karnatak, C&MD, GAIL said “we are enthused to support the Start-Up India Mission on the clarion call of Hon’ble Prime Minister Shri Narendra Modi. The role of young people in shaping the world’s economy is clear. India’s young generation
of entrepreneurs have the potential to develop innovative ideas into successful business ventures. I hope that Start-Ups funded by GAIL shall turn into successful companies in the long-run and help in realization of nation’s vision of becoming a gas based economy.”
Considering the vast biomass resources in the country and Government’s special emphasis on its gainful utilization, GAIL plans to invest in Start-Ups operating in
this high growth area. GAIL’s 4th round
for Solicitation of Investment Proposals from Start-Ups operating in the Area of Renewable and Alternate Energy Sources like Compressed Bio Gas production shall remain open till January 24, 2020. The Start- Ups looking for an equity investment from GAIL can apply online on the website www. gailonline.com.
GAIL had launched its ambitious Start- Up initiative ‘Pankh’ in July, 2017 to invest in promising Start-ups. GAIL has made investments in 24 Start-Ups operating in various areas so far.
GAIL (INDIA), January 10, 2020
ONGC flags off its first OSV through JNPT
ONGC has flagged off the offshore supply vessel Albatross-5 carrying cargo for Panna platform from the Shallow Berth jetty number 1 (SB-1) of Jawaharlal Nehru Port Trust (JNPT). With this small step initiated by the Panna-Mukta Takeover Project (PMTOP) team ONGC’s Offshore Logistics operation took a giant leap in terms of opening up of
a new and alternate supply base for Western Offshore operations.
Pursuant to the directives of the MoP&NG, Panna-Mukta has come back to ONGC
after 25 years. Bassein & Satellite Asset has taken over complete control of operation
and maintenance of the fields and facilities including inventory of onshore spares, well core samples, and movable and immovable assets etc. w.e.f. 22 December 2019.
Earlier, Director (Offshore) appointed a high-level committee (HLC) comprised of seven key executives to guide the PMTOP team for a smooth takeover of Panna-Mukta fields and asset. HLC advised to retain the shore base warehouse of PMT JV as well
as the shore base operation through JNPT port. The pragmatic and visionary EC of ONGC could see an opportunity in this tactical move which would catalyze the face-lifting of Nhava Supply Base (NSB) as well as bring in a new dimension in offshore logistics operation with the help of this alternate supply channel which would usher
in improved overall productivity in western offshore.
The shore base of PMT JV has been rechristened as Bassein & Satellite Supply Base or BSSB. This is a compact warehouse equipped with modern technologies and facilities, located about 20 Km away from NSB. ONGC Infocom quickly connected BSSB with broadband, provided computers and paraphernalia and installed SAP
to operationalize ONGC’s inventory management system. Three officials were posted by B&S Asset to supervise the operation.
ONGC, January 11, 2020
SOUTHEAST ASIA
Pertamina ready to
integrate TPPI with GRR in
Tuban
After controlling a majority of Tuban Petro’s shares up to 51%, Pertamina
is ready to integrate PT Trans Pacific Petrochemical Indotama (TPPI) Refinery which is a subsidiary of Turban Petro with the Grass Root Refinery (GRR) megaproject of Tuban.
Pertamina President Director Nicke Widyawati explained, the restructuring of TubanPetro is part of Pertamina’s refinery which prioritizes flexibility, where refinery mode can switch to either petrochemical or motor fuel modes. This makes the refinery production adjustable to the demand at the time of operation.
Then, continued Nicke, with the integrated supply of raw materials between one refinery and other refineries, it is hoped that it can also improve efficiency in terms of both operational and capital expenditures, so as to achieve maximum profitability.
With a maximum level of profitability, Pertamina refinery projects will be able to become sustainable businesses in the future.
“So it is clear that our ongoing refinery project will become a sustainable business because it can adapt to market needs and
be supported by integration between fellow refineries and other Pertamina infrastructure,” Nicke said.
Nicke said that Pertamina is currently developing refineries in six locations, the construction of which is integrated with the construction of a petrochemical plant. One
of them is the Tuban GRR which will later be integrated with TPPI, with a 7 km connecting pipeline being built.
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Week 02 15•January•2020