Kwontum Consultancy

Top Stories
• Thailand's GPSC buys 42% in Avaada Energy for Rs 33.88 billion
• SC stays order on power distribution biz tender in Dadra Nagar Haveli and Daman & Diu: Torrent Power
• NTPC to build India's largest solar power project in Gujarat
• Mukesh Ambani considers bid for India's solar incentives in green push
• Rising fuel prices eating into health spends: SBI report
• DGH overhauls oilfield approval processes, cuts down paperwork
• Power demand in India expected to grow 6 pc in 2021-22: Icra
Oil & Gas
• Congress stages protests across UP over rising fuel, LPG prices
• MGL again hikes prices of CNG, domestic PNG
• Mumbai: CNG price to be hiked by Rs 2.58 per kg from Wednesday
• Oil demand surges, market set for deficit and volatility: IEA
• Merkel doubts Biden meeting will solve gas pipeline dispute
• U.S. oil mergers surge as energy, share prices recover from pandemic
• Directorate General of Hydrocarbons overhauls oilfield approval processes, cuts down paperwork
• OPEC+ impasse risks price war as demand surges, says IEA
Renewable
• Ceat ties up with Tata Power to set up captive solar plant for Mumbai facility
• NHPC tenders 600 MW solar EPC work in Rajasthan PV Magazine India
• Hydrogen is one answer to climate change. Getting it is the hard part
• Musk defends Tesla's $2.6 bln deal for SolarCity
• Eni teams up with Red Rock Power to bid for Scotland offshore wind

Power
• Andhra Pradesh: Power discoms can revise tariff on quarterly basis
• Magenta sets up largest public EV charging station in Navi Mumbai
• CESL inks pact to provide 25,000 electric 2-wheelers to Andhra govt employees
• Andhra Pradesh to procure 25,000 electric two-wheelers for government employees
• DERC plea to permanently de-allocate 'costly' power from Dadri-I plant for Delhi
• Power curbs on industries lifted in Punjab: Chief minister Amarinder Singh
Coal
• CIL ropes in Accenture to digitalise miningprocess The Financial Express
• Fossil fuel power demand has 'peaked worldwide': analysis
International
• Russia expresses concern over reports of alternate gas pipeline by Pakistan
• Volkswagen shows confidence in electric future with higher margin goal
• Electrify America to double EV charging stations by 2025
• U.S. oil mergers surge as energy, share prices recover from pandemic
• IS militants bomb 2 power transmission towers in Iraq
• Merkel doubts Biden meeting will solve gas pipeline dispute
• Brazil raises mandatory biodiesel blend to 12%, below expectations

https://anchor.fm/varun-sharma34/episodes/Variogram-modeling-for-reservoir-description-e10vssb

Variogram modeling for reservoir description by Rationalise Quest • A podcast on Anchor Subsurface data obtained through drill wells, need to be spatially distributed to obtain a coherent output of locales where data is not available. The process of variogram modeling does the same

https://anchor.fm/varun-sharma34/episodes/Present-is-a-clue-to-Past-euqtdd

Static Modelling solutions...
We at Kwontum analyse different iterations and combinations to bring forward resolution to complex parameters.

Top Stories
• India gets a new power central transmission utility
• Will continue with plan to double capacity in two years: Rahul Munjal, Hero Future Energies
• BHEL bags orders worth Rs 3,200 cr for hydro projects in Andhra, Telangana
• Virus-ravaged oil market collapses by a fifth in 2020
• Vedanta wins Radhikapur west coal block in Odisha
• OPINION: How digital transformation is reframing the future of power sector
Oil & Gas
• Crude oil futures rise on spot demand
• RIL-BP to offer online fuel delivery services next year Mint
• India's crude oil production tapers, delaying cut in import dependence Business Standard
• Core sector contraction expands in November after two months of moderation Business Standard
• Algeria's Sonatrach plans $40 bln in investment over five years
• China issues 5 mln T clean marine fuel export quotas for 2021 - traders
Renewable
• Despite lockdown, TN to attract Rs 66k cr investments; RE, E-mobility in focus
• ISRO working on green fuels like hydrogen peroxide for rockets
• Wind power falls out of favour in Rajasthan, new capacity dwindles to 45MW in 4 years
• Manufacturing-linked solar scheme: Kerala is first buyer; state govt agrees to buy 200megawatt The Financial Express
• Bhopal: Bina solar plant ready to power overhead rail lines
Power
• Green Drive: EESL to set-up 500 more EV charging stations in FY21
• ADB to provide USD 231-mn loan to enhance power generation capacity in Assam
• Enphase joins Tesla as latest clean tech firm to enter S&P 500
• Enel pens deal with China's Weltmeister to boost electric car exports
• China to cut subsidies for new energy vehicles by a fifth next year
Coal
• Current domestic coal production inadequate to meet country's demand: Govt
• JSPL bags Gare Palma coal mine block in Chhattisgarh
• Germany rings in 2021 with CO2 tax, coal phase-out

ONGC puts mature oil, gas fields on block; Invites bids from global firms - ET EnergyWorld A tariff will be paid in USD per barrel of oil and USD per million British thermal units for gas for any incremental hydrocarbon produced and saved ov..

Courtesy: Geology Page (linkedin)
Cerro de los Siete Colores "The Hill of Seven Colors" |

Cerro de los Siete Colores (The Hill of Seven Colors) is one of the hills bordering the Quebrada de Purmamarca which is in turn is a western branch of the Quebrada de Humahuaca up to Cuesta del Lipلn, in Jujuy Province, Argentina.

Geology Page
www.geologypage.com

https://www.bloomberg.com/opinion/articles/2020-08-30/as-exxon-mobil-is-removed-from-the-dow-is-this-the-end-for-big-oil?utm_source=url_link

Is Big Oil Still a Big Deal? Exxon's departure from the Dow is just one symptom. The oil majors' opportunities and reputations are in decline everywhere.

Top Stories From EnergyWorld:
• New wave of lockdowns takes toll on diesel sales, puts spoke in India's recovery wheel
• JSW Energy pulls the plug on thermal asset expansion, focus on green energy now
• Draft EIA 2020 encourages environmental violations, warn experts
• India restricts entry of Chinese firms in commercial coal mine auctions
• ONGC gas pipeline bursts in Assam, no damage reported: Official
• INNOVATION: IIT-KGP researchers awarded for generating power from wet clothes

Oil & Gas
• IOC plans to invest Rs 855 crore in Maharashtra in FY21
• Gas supplies to power plants rises over 13 per cent in June
• India's fuel demand loses steam in July: Industry data
• Maharashtra: NMC to provide land for setting up CNG stations
• Oil prices drop on fuel demand worries as coronavirus flares up
• Asia gasoline profits burn away to nothing as pandemic rages

Renewable
• AES makes strategic investment in Australian solar technology innovator 5B
• The 'solar canals' making smart use of India's space BBC News
• Value of PV imports tanked 83% in second quarter Pv magazine India
• MNRE includes NHPC in its Dispute Resolution Committee Mercom India

Power
• India's electricity generation falls at slower rate in July
• KEC International bags Rs 1,192 crore orders across business segments
• Uncertainty in ops continues due to lockdown in various places: Kirloskar Electric
• Godrej & Boyce expects increase in demand for precision equipment
• Maharashtra: Activists to hold statewide protests against inflated power bills on August 10
• Jharkhand: Sindris power woes continue despite steps to boost supply
• India's JSW scraps Odisha power plant deal Argus Media
• Nuclear bailout tied to bribery scandal was years in making

Coal
• Coal India output improves in July with reviving powerdemand The Financial Express
• CIL logs 17 per cent jump in composite opencast production in July, expects output to rise further
• Global coal power capacity falls for first time even as China builds more coal plants
• Poland plans to merge three utilities, carve out coal - minister
International
• Indonesia allows oil and gas investors to pick their own contract options
• Poland fines Gazprom $57 million over Nord Stream 2 pipeline project
• German oil refinery to build 30 MW hydrogen electrolysis plant
• Russian wants extra $1.9 bln in taxes from oil sector in 2 yrs
• Turkey says U.S. oil deal with Kurdish-led Syrian forces 'unacceptable'
• Russia is raising crude oil output as OPEC+ cuts ease - source
• Japan utilities expect slow power demand recovery, cautious on outlook
• MPLX sees about $100 mln earnings hit if two Bakken oil pipelines shut
• Venezuela's oil exports stagnant in July at below 400,000 bpd -data
• U.S. LNG exports set to rise for the first time in six months; prices jump

Calculator Functions:
Use of a calculator for seismic volume is very effective for many support functions in modeling. Clue to the impact of deposition can be obtained from seismic volume if the features can be visualized along the depositional surface. One simple way is to use the following calculator function on a volume:

To create a volume that is cut back to a surface

NewVol= If (Z>Surface Name(X,Y), U, Seismic Volume)

where. - NewVol is the name of the new volume
- Surface Name is the name of the surface you are using as a reference
- Seismic Volume is the name of the volume to perform the operation on.

KWONTUM- Support
(End users may like to put queries or request for video conference)

News from Energy World:

Top Stories
• Solar-storage plan to power Leh hangs fire
• BPCL offers VRS to employees ahead of privatisation
• Why Modi govt not building planned strategic oil reserves, asks Moily
• Simple Energy in talks with investors to raise USD 1 mn
• Government preparing scheme for battery cell manufacturing to boost EV adoption: Amitabh Kant
• DPIIT-led panel to vet GeM vendors from neighbouring countries, restrict Chinese suppliers
• China pressures Vietnam to cancel, compensate offshore firms operating in South China Sea

Oil & Gas
• Pandemic impact on fuel products may weigh on oil sector in the 1st quart Livemint
• Indian Oil Corporation told to pay Rs 25 crore pollution compensation
• 'Remittances to India likely to decline 25%; fall in oil prices to hit flow from Gulf region' The Indian Express
• Fuel pump owners in Punjab to shut shops on July 29 to protest against high tax rates
• Oil slips as rising coronavirus cases, U.S.-China tensions weigh on markets
• UAE's Dana Gas appoints financial adviser for Islamic bonds
• Trump to discuss energy, tour oil rig, raise money in Texas
• China imports more oil from Saudi than any other country in June
• State-run gas utility Mahanagar Gas increases CNG prices by Re 1 to Rs 48.95/kg
• Petrobras, Karoon agree on changes to terms of $665 mln sale of Bana field stake

Renewable
• 160 subsidised solar pumps for Pilibhit farmers on first-come-first-served basis
• Taqa and Masdar consortium to develop world's largest solar power plant in Abu Dhabi The National
• India-EU renew agreement on Science & Technology cooperation

Power
• 12,000 Horse power electric locomotive carries out successful maiden run
• World's largest fusion plant set to create history
• Costly solution: Careful on flue gasdesulphurisers The Financial Express
• Thermal plant emissions: Wait for cleaner power may getlonger The Financial Express
• Delhi: Discoms switch to digital mode for power complaints
• Keltron delivers gadgets for atomic power stations in Gujarat and Rajasthan
• Mumbai: BEST conducts first camp for power complaints
• Hit hard by Covid lockdown, MSEB wants Rs 20,000 crore loan
• Power Innovations announces new record in use of Hydrogen Fuel Cell technology

Coal
• Poland poised to announce major coal mine closures - sources
• Mine expansion threatens German villages despite coal exit