Policy
The Threat Of Demand Dropping Takes Crude Prices Down
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India’s Consistently Rising Dependence On Imported Crude Oil
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India To Step Up E&P Activities At Deliberate Speed
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Charging Network Hampers Ambitious Plans For EV Adoption
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Refineries Perform Well, Production, Consumption Up
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Regulation
Prices Of Politically Sensitive Diesel, Petrol Land OMCs In Trouble
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What Triggered The Fall In Petroleum Products Export In June 22?
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AG&P’s Terminal To Raise India’s LNG Regassification Capacity
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One More Component Of LPG Subsidy To Go
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Alternative Energy / Fuel
Ethanol Blending With Petrol Program, Alternate Fuel Infrastructure Make Progress
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New Projects
Shelf Drilling Bags Offshore Rig Contract
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EIL Secures Order Worth Rs. 1540 Mn In Q1 FY 2022-23
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IOC Ready To Commission Its Aviation Fuel Station At Belagavi Airport
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Market Watch
India Revises Commitment To Reduce Emissions Intensity Of Its GDP By 45% By 2030
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LPG: 21 Million Customers Did Not Buy A Single Refill In FY ‘22
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Companies
DEEP.KBB GmbH
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Aban Offshore Receives LoA For Jack-Up Rig ABAN III From ONGC
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ONGC Awards Contract To Jindal Drilling And Industries Ltd
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SEAMEC II Vessel To Continue Deployment With ONGC
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MRPL To Expand Petrol Pump Network In Tamil Nadu, AP, Telangana
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Press Release [FREE Access]
Tenders » Vedanta Ltd.

Global Expression Of Interest For Supply Of Carbon Steel Line Pipes At Barmer, Rajasthan (India).

Vedanta Ltd. is the world’s 6th largest diversified natural resources conglomerate with business operations in India, South Africa, Namibia and Australia. It is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Aluminum & Power. Vedanta contributes 1% towards India’s GDP, as per IFC. We are investing $9 Bn in capital projects over the next 2 – 3 years to double our revenues from current levels of $15 Bn.

Cairn Oil & Gas, Vedanta Ltd., is India’s largest private oil and gas exploration and production company having current interest in 58 blocks and accounting for more than a quarter of India’s domestic crude oil production and a vision to produce 50% of India’s crude production.

The company on behalf of itself and Joint Venture (JV) partner(s) invites Global Expression of Interest (EoI) from reputed Line Pipe Manufacturers/Authorized Suppliers for supply of Carbon Steel Line Pipes at Barmer, Rajasthan.

The scope of work broadly includes supply of line pipes with following specification: Diameter: 1/2”- 36” Total Length: 20 to 27 km (approx.). Grade: API 5L Gr X65 PSL-2 & GR B/ ASTM A106 GR B & C/ ASTM A672 B60 CL12 ANSI. Rating: Various Schedules. Method of Manufacture: Grade Specific (Seamless as well as with welding). Nominal Wall Thickness: 5.40 mm to 33.3 mm. Corrosion Coatings: External 3LPP Coating (Grade specific-API5L X65). Primary Specification: Carbon Steel ASME & API compliant.

Key Qualification Criteria: The Participant responding to EoI shall be either a Line Pipe Manufacturer or an Authorized Line Pipe Supplier.

The Participant shall have manufactured and/or supplied at least 4 km of similar pipes, which are of either equal or higher specifications meeting API 5L Line pipe (Seamless and Welded) or ASTM A 106 GR B/C or ASTM A 672 Piping requirements, in the last five years (5 Years). The total 4 km experience can be through multiple contracts running concurrently also. Only completed orders shall be considered for evaluation.

Turnover in each of the immediately preceding two financial years should be equal to or more than the estimated average annual contract value.

Positive net worth in each of the immediately preceding two financial years.

Liquidity ratio shall not be less than 1 in each of the preceding. Two (02) financial years Additional points to be considered for evaluation of financial performance.

Normally standalone financials of the bidding entity only will be considered. However, consolidated financials at the bidding entity level, if available, can also be submitted. Parent company or Affiliate’s financials can be submitted and considered, subject to submission of Parent/ Affiliate company guarantee. This should be clearly mentioned in the response.

Where the bidding entity is unable to meet the Financial Evaluation Criteria, Parent/Holding Company Audited Financials can be considered, subject to:

- Submission of Financial guarantee in the form of 10% Bank guarantee of contract value.

- Commitment Letter from Parent/Company to provide financial support to the bidding entity.

Evaluation will be done only on the basis of the published annual reports / audited financials containing Auditor’s report, Balance sheet, Profit & Loss a/c and Notes to Accounts.

In case of unaudited statements (if there are no audit requirements for auditing of financials as per the Sensitivity: Internal (C3) local law), the financials shall be accompanied by a certificate from a Certified Accountant. Certificate should also mention the fact that there is no requirement of audit of the financials as per the local law.

All qualifications and exceptions brought out in Auditor’s report and Notes to Accounts would be factored in while undertaking financial evaluation.

Latest audited financial statement should not be older than 12 months from the date of EOI.

The interested contractors should evince interest to participate in the Expression of Interest by clicking on the “Evince Interest” link for the corresponding EOI listing on the Cairn website i.e. http://www.cairnindia.com and submit their contact details to kotla.satyakrishna@cairnindia.com within Fourteen (14) days of publication of this EOI. Further to this, interested contractors would be invited to submit their techno-commercial proposal via Smart Source (Cairn’s e Sourcing Platform).



To download the latest issue 'Volume 29 Issue 9 - August 10, 2022', click here
Petro Intelligence [FREE Access]
Crude Imports: Risks Of Playing Russian Roulette
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Swing A Wrecking Ball Before Privatisation Of Refiners
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Overhaul selection process for ONGC, OIL leadership positions
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LNG Import Deal: India Needs Clean And Tough Negotiators
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Foreign Investment
Synergia Energy Says Fracking of Cambay Well Returns Initial Positive Results
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DEEP.KBB Forms Strategic Alliance With EIL
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Overseas Investment
Cabinet Approves Additional Investment By Bharat PetroResources In Brazil
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Gas Scene
The Slowly Expanding Natural Gas Pipeline Network
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Sectoral Consumption of Natural Gas
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Rising Price Of LNG Slows Down India’s Import
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Domestic Natural Gas Scene In June
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Trends In Natural Gas Prices: Global And Domestic
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Sectoral Consumption Of Natural Gas, May 2022
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Domestic Natural Gas Scene in May 2022
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Essar, GEECL, Make Significant Progress In CBM Gas Development
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Sector-wise Consumption of natural gas in April 2022
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Trends In Natural Gas Prices: Global And Domestic
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LPG Consumption Continues Grow Forcing Larger Import
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Domestic Natural Gas Scene: Production Marginally Up, Consumption Down
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LPG Profile Based On LPG Marketing In FY 2021-22
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Natural Gas Price Trends: Global and Domestic
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Sector-Wise Consumption Of Natural Gas
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Declining Domestic Share In Petroleum Products consumed
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Domestic Oil & Gas Production vis-à-vis Overseas Production
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Percentage share of petroleum products in export: April to June 2022
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India’s Refineries & Their Refining Capacities
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Oil India’s Short Term Growth Strategy
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Distillate Production and POL Production
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India’s Petroleum Products Export Marginally Down, Import Up In June
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What is Russia’s Share in India’s Crude Oil Import During April-June 22?
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Analysis Of Crude Oil Processed By Indian Refineries In June 2022
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Any Unusual Fluctuation In Production/Consumption Figures Of Petroleum Products in Recent Months?
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Crude Processing Makes A Remarkable Recovery in FY 2021-22
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India’s Domestic Crude Production Maintains A Discipline In Fall
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India’s oil import Bill: An Update
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Russia Is India’s Second Largest Crude Oil Supplier
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Average Indian Crude Basket Price In June
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How Much Petroleum Products Did India Produce And Consume In April-May 2022?
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Power Supply Deficit Position Promotes Diesel Sale
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LPG Consumption Presents A Dull Picture In May 2022
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Tenders [FREE Access]
ONGC
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