Award

Ongoing Analysis and News Reporting on Oil Markets (2022-2023)

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

10 Jan 2023 at 20:40

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract for Ongoing Analysis and News Reporting on Oil Markets (2022-2023). The procurement process was initiated as a tender and has been completed. The contract is related to research and development services and consultancy services in the oil and gas industry. The contract value is £37,006.60, with a contract period running from December 6, 2022, to November 30, 2023.

This opportunity can be particularly beneficial for businesses specializing in research and development services, consultancy services, or those with expertise in the oil and gas industry. The contract is suited for SMEs and voluntary, community, and social enterprise (VCSE) organisations. Interested parties should note that the tender was open below threshold, and the deadline for tender submission was November 1, 2022. The contract has been awarded to S&P Global Commodity Insights. For more information on the awarded contract notice, visit Contracts Finder.

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Notice Information

Notice Title

Ongoing Analysis and News Reporting on Oil Markets (2022-2023)

Notice Description

Award of contract for the following services: In-depth news, insight and analysis of global oil markets. This includes comprehensive coverage of global oil supply, demand, refining and trade, with regular, high quality analysis of important market developments and otherwise topical oil market issues - among them key price drivers and key uncertainties going forward. Coverage will allow BEIS to understand, interpret and further analyse the widest possible range of unpredictable oil market issues and developments, to support HMG oil market monitoring and analysis, as well as wider policy development. Coverage include: - Monthly fundamentals data, covering crude and all primary liquids and refined products supply and demand across all major oil producers and consumers. Analysis of oil market fundamentals at both the global and country levels. - Refining market insights and outlook, including information on refinery capacities and throughputs, and refining margins. - OPEC+ compliance insights and monthly/quarterly production forecasts for next 1-2 years or longer. - Coverage of security of supply issues, including of threats of or actual physical disruption. - Insight and data on international trade flows. This includes analysis of the ongoing reorientation of trade flows in light of Western Sanctions on Russian oil. Granular information and current data on global oil pipeline architecture, capacity and international flow data. - Short-, medium- and long-term market outlook, including of oil supply, demand and price. These are grounded in data and analysis of market fundamentals and include commentary around risks and strategic production decisions from OPEC+. Fundamentals analysis includes country-level outlooks for oil supply and demand and commentary/analysis of current and future drivers of oil in the energy mix, including in different sectors.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-73bcb5f0-0050-47d6-a0f0-bd3c5c5596b6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dcb4c8c8-8874-4d07-b38b-85c5f0220630
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

76 - Services related to the oil and gas industry

CPV Codes

73000000 - Research and development services and related consultancy services

76000000 - Services related to the oil and gas industry

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£37,006 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jan 20233 years ago
Submission Deadline
1 Nov 2022Expired
Future Notice Date
Not specified
Award Date
22 Nov 20223 years ago
Contract Period
6 Dec 2022 - 30 Nov 2023 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

S&P GLOBAL COMMODITY INSIGHTS (A DIVISION OF S&P GLOBAL

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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