8DIBP fell again this week, marking its third consecutive weekly decline

8Spirodiclofen was unchanged this week after a mild slide earlier in the month

8Neopentyl Glycol rose this week after earlier weakness through December

8Polyethylene Glycol eased marginally this week after steady movement through the month

8BDGE slipped Rs 3/kg this week, extending its recent downtrend

8Mono Chloro Benzene was steady this week with no net price change. 

8LAB was unchanged this week following a small drop earlier in January

8TDI rose this week after slipping earlier in the month

8BPA rose sharply this week after a strong fortnight

8DINP moved modestly higher this week after a quiet start to January. Prices are up on a monthly comparison.

8POP Polyether was steady this week after earlier losses

8BDO extended its decline this week, marking a third consecutive weekly loss

8Propionic Alcohol slipped slightly over the past two weeks after holding steady earlier

8Isobutanol was unchanged over the past fortnight, with weekly movement remaining minimal

8Adipic Acid fell sharply this week after holding steady earlier in the month. 

8ONGC successfully establishes well control at Mori-5 in record time of five days [ONGC]
8ONGC advances towards subduing and capping well Mori #5 [ONGC]
8IGL announces postal ballot for Dr. Shyam Agrawal’s one-year independent director extension [IGL]
8Well Mori #5 gas leak fully contained; no injuries reported [DIL]
8Change in senior management personnel [IOCL]

8Here's what's happening today in the E&P, midstream-downstream, and CGD section

8The investment is in a new fluorinated chemical facility.
8Additionally, the board sanctioned a Rs. 500 Crores capital raise via QIP.

1) SunPetro’s Gujarat flowline rate contract sets a multi-field execution playbook
8But contract-tenure ambiguity could reshape bidder pricing 
 
2) SunPetro’s Bhaskar CPF piping rate contract hard-caps escalation and pushes landed logistics risk onto suppliers
8SunPetro is trying to turn CPF piping availability into a governed, callout-driven supply chain rather than a series of ad-hoc buys.
8The tender’s escalation maths and inspection posture quietly decide who can bid without pricing in a volatility premium.
8But the real fight will be over which clause-set actually governs submissions, securities, and currency.

8The scope reads less like a drawing-led procurement and more like a statutory-risk transfer instrument. The tender language quietly makes ceig-driven changes and “unstated but essential” items a bidder-funded problem inside a turnkey envelope. The contractors who price this right will not be the cheapest on BOQ, they will be the ones who understand where approvals, licensing, and documentation will bite.

1) Eight extensions push reciprocating compressor (PIAS) bid by 93 days
8BPCL’s BPREP reciprocating compressor package has seen a rare eight-step extension ladder, taking the bid deadline from 13 Oct 2025 to 14 Jan 2026. The paperwork architecture is high-control: portal-only submission plus NDA-gated access to technical content with long-tail confidentiality obligations. The key question now is whether the extra 93 days converts into real participation or merely defers a deeper bid-ability issue.
 
2) Bid due date slips 80 days for pump-cent.horizontal (LCWS) package
8BPCL’s Kochi polypropylene build is watching a utility-critical cooling-water pump tender drift from late October into mid-January. The RFQ text says extensions are not envisaged, yet the deadline has moved 11 times—an inconsistency bidders will price as process risk.
 
3) BPCL pushes carbon steel columns/towers bid deadline by 100 days through seven xtensions
8Bina expansion columns/towers package has been extended seven times, shifting the bid date from 15 Oct 2025 to 23 Jan 2026. The scope still hard-codes full shop hydrotests and site seam NDT/PWHT with hydrotest, so time relief does not equal risk relief. The final bid set will reveal whether the friction is participation-driven or execution-method driven.
 
4) Commercial amendment hardens EMD originals and rewires dispute handling for the demountable flare package
8BPCL’s BPREP flare package isn’t just getting a date-stamp update; the amendment changes how bidders get filtered and how disputes get channelled. The bid-security pathway now has a physical-original trapdoor with short cure windows, while arbitration language is stripped out of SCC in favour of GCC dispute resolution. The smallest-looking line on week-counting in price reduction could end up being the costliest one to misread.
 
5) HPCL extends FCC catalyst co-development EOI by 57 days, stretching the R&D-to-limited-tender funnel
8HPCL’s FCC catalyst EOI is not a routine buy—it is a performance funnel that starts with yield claims and ends with a limited tender. Two date extensions now shift the gateway timeline by nearly two months, with knock-on effects for who stays in the race. The document’s most consequential risks sit in what’s not visible yet: evaluation criteria, IP protections, and the commercial guardrails.

1) IOCL’s Paradip gas phase reactor consultant bid tightens governance with limited tender gating and a 40-month ePBG tail
8The fine print shifts risk away from bid-stage friction and into long-tail bank guarantees and expandable duration, which quietly changes who can afford to compete. The real story will sit inside how IOCL defines milestone acceptance for commissioning and closeout because without tight acceptance language, “consulting” starts behaving like delivery accountability.
 
2) GAIL’s Ambikapur 14 TPD CBG plant PMC bid hardwires design-basis control and subsidy accountability
8The tender is being structured like a process-plant rollout, with the PMC asked to lock design bases, police hazop closure, and keep approvals moving. The hidden contest is whether a “two-market” dispatch model (pipeline plus cascades) forces higher integration than the headline capacity suggests. A few lines in the scope quietly shift the messiest risks—feedstock continuity, manure monetisation, and documentation-heavy clearances—into places bidders can’t easily price without sharper boundary conditions.
 
3) BPCL Mumbai refinery’s 2026–2028 engineering consultancy rate contract makes raw stress models and software outputs a mandatory deliverable
8BPCL Mumbai refinery is quietly rewriting what “engineering consultancy” means by demanding not just drawings, but the full calculation trail and model files behind them. The rate contract’s rapid two-day response rhythm and three-to-fifteen-day job cycle turns staffing depth into the real qualification filter.
 
4) HPCL’s Visakh refinery RLA bid forces parallel API teams and 40-day site clocks for CDU-III and FCCU-II certification
8HPCL is asking for a two-year integrity certification of CDU-III and FCCU-II, but it is structuring the job like an execution sprint rather than a slow RBI refresh. The fine print hard-bakes mobilisation, staffing approvals, and report deadlines into the contractor’s risk stack while pushing price discovery into reverse auction.
 
5) GAIL tightens entry and commissioning discipline in Uran Usar pipeline (UUPL) package
8GAIL’s Uran Usar pipeline (UUPL) package is written less like a “line laying” contract and more like a propane system handover, with acceptance tied to inertisation quality and stability run conditions.

1) ONGC’s Lakwa GCP dehydration revival shifts to end-to-end risk transfer, with a seven-year KPI-linked O&M spine
8ONGC is treating Lakwa’s stalled teg dehydration skids as a production-assurance bottleneck, not a routine utilities fix.
8The EOI quietly sets up a single-contractor model that marries a deep turnaround with seven years of availability and process-quality accountability
 
2) Spectron takes ONGC’s Ahmedabad asset 4 ETPS O&M and revamp package
8ONGC’s has handed a live-plant ETP revamp-and-O&M bet to a sharply priced L1, leaving a wide gap to the rest of the field.
8The tender’s cashflow design forces contractors to bankroll early revamp work while operating the plants, with only 75% O&M payable until PGTR.
 
3) ONGC awards nitrogen pumping services for Jorhat and Ankleshwar assets
8Ongc’s five-year nitrogen pumping award lands with an 84.5% L2 premium over L1, a spread that is too wide to ignore in a logistics-heavy, digitally monitored field service.
 
4) ONGC awards Ashoknagar Pad-1 FDP development wells civil works
8The civil award throws up a clean L1 but a noticeably higher clustered pack behind it.
8The tender’s compliance architecture is strict on bid completeness and hardlines probity through an integrity pact with exclusion powers.
 
5) Three firms clear technical gates as two drop out in 1000 HP rig hire race
8A late technical amendment strips out skidding and cluster-well layout auxiliaries, quietly rebalancing cost and interface risk for whoever stays in.
8The real story now sits in what bidders can prove inside the seven-day clarification window—and what the disqualified couldn’t.

1) Bina refinery’s lubrication program development phase-1 extended
8BPCL’s bina refinery is buying a lubrication excellence “diagnostic + enablement” package, not just a study, and the bid timeline has quietly stretched. The GeM configuration shows a 7-day auto-extension loop that can run three times, reshaping how specialist reliability vendors plan bids. What that says about participation stress and BPCL’s vendor-pool intent is the real signal.
 
2) IOCL’s Paradip refinery SADC shutdown jobs tender slips by 23 days, but PQC clock stays frozen
8The quiet twist is that eligibility timing still keys off the original bid end date, limiting how much the bidder pool can actually widen.
 
3) Bina refinery SAF PFR tender pushes licensor-data cost and +/-40% capex defensibility onto consultants
8BPCL wants a decision-grade SAF pathway screen for Bina refinery, with ATJ at the centre and CORSIA compliance framing the endgame. But pre-bid clarifications show BPCL resisting bidder attempts to ringfence licensor-linked costs while still demanding backed-up estimates and engineering-grade artefacts. The extension trail will matter because it may be the only market signal of how many credible bidders are willing to absorb that risk.
 
4) IOCL’s Chitwan greenfield terminal survey tender gets pulled, but the test-heavy geotech scope signals a design-grade push
8IOCL’s Chitwan terminal land package wasn’t a routine survey: the scope stacked seismic, eCPTU/SCPT and pressure meter testing alongside hydrology inputs, all inside a three-month window. With execution in Nepal, bidders were implicitly asked to price local clearances and tax compliance risk without expecting hand-holding. The tender’s sudden stop leaves the most interesting question unanswered: what changed upstream enough to override a tightly curated empanelled bidder pool.

1) Bid clock reset twice as BPCL’s Ramayapatnam DCU licensor tender hardens specs and tightens liability rails
8BPCL’s Ramayapatnam DCU licensor contest is no longer just about yields—amendments are reshaping both the economic model inputs and the legal risk map. The tender’s two-step time extensions are colliding with a governance-heavy stance on deviation handling and price-sheet format discipline. The next moves will decide whether the field widens—or whether only a narrow set of licensors can live with the risk allocation.
 
2) BPCL Ramayapatnam Cumene licensor tender hard-caps liability at 50%+50%+50% but ring-fences IP and proprietary supplies outside the comfort zone
8BPCL and EIL are selling this as a capped-liability Cumene licensor package, but the carve-outs quietly keep the sharpest risks alive. A technical amendment removes an entire simulator workstream, yet simultaneously tightens digital deliverable control through mandatory editable updates after changes. The bid-date extension is the headline movement, but the deeper story is how procurement is shaping a narrower, more compliant licensor pool.
 
3) BPCL Ramayapatnam Cumene licensor tender gets 21-day bid extension as EIL hardwires liability cap into bid acceptability
8BPCL’s Ramayapatnam cumene licensor selection has been pushed out by 21 days, but the bigger story is the tender’s tightening risk architecture. EIL’s amendment makes liability-cap acceptance a bid pass/fail, shrinking negotiation room for global licensors. A technical trim simultaneously removes a high-effort simulator scope, reshaping what “BEDP plus services” really means for bidders.
 
4) BPCL’s Ramayapatnam Phenol licensor tender tightens Acetone Benzene to 2 PPMW as bidders push for an extended deadline
8BPCL and EIL have sharpened the phenol licensor contest by rewriting acetone contaminant limits at the ppm level, raising the bar on what technology houses must guarantee.