News & Bulletin Updates

8Get the latest prices of BRENT in Europe and WTI in the U.S. Gulf

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8Here is today's price, find out the price trend of Naphtha in Japan and Europe

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8Indian Oil Corporation Limited (IOCL) announced price protection for various polyethylene (PE) grades, effective July 22, 2024.

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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude

8Chemicals
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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Ranjit Rath was a bit too ambitious with this project
8And he eventfully had to abandon it

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All stakeholders are of one opinion that this oil & gas PSU needs a revamp
8Eventually they have found a consultant to do the job.

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Here is an oil & gas operations & maintenance job
8And it attracted a record 26 bidders
8Eventually only one will get the job, but we can imagine the price will be really rock botton, bringing into question whether he will be able to do the job competently enough and yet retain a profit margin.

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Sewage treatment plants are now pretty common staff
8Even so, it is good to know which kind of companies are interested in these kind of projects

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There are quite a few third party inspection agencies for E&P
8So the landscape is competitve
8And rates do get hammered down in the process as was evidenced by these two contracts

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One of the main reasons why GAIL wants to diversify away from its main job, that of gas transportation, is because it makes enough money and there is not enough pipelines to build
8So it gets into highly competitive segments like petrochemicals, where IRRs are very low pressured by the likes of RIL, or into areas such as E&P and now of course green hydrogen and new energy.
8Pipelines are also expensive to build and demand follows the building of infrastructure.
8But the company is now changing its thinking a little bit, as gas demand can go up and India still needs a lot of pipeline infrastrucutre

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We are keeping track of this petrochemical project
8And the bidding dates for the EPC packages have been extended

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8Tender for import of ammonium phosphate sulphate (APS- 20-20-0-13) - bulk (fertilizer grade)
8Supply of sulphuric acid
8Supply of 1-methyl-4-phenyl-1, 2, 3, 6-tetrahydropyridine
8Supply of methanol
8India's June NP/NPK output and sales up, imports down
8Indian DAP stocks fall by 430,000t in June
 

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8Tender for hot repairing of LPG cylinders
8Supply, installation & commissioning of LPG evacuation fixture for hippo cylinders
8Tender for hydro pressure testing and ultrasonic thickness testing of portable fire extinguishers
8Procurement of spares and lubricators
8Supply of mercuric sulphate , bromophenol blue , ethylene glycol,ar , silicon carbide
8Supply of high pressure sealant
8Procurement of m/s emerson make critical spares for GPR and LOOP rector of polypropylene unit
8Procurement of first charge catalyst for diesel hydrotreater (DHDT) unit
8Supply of zinc oxide as per IS 2850
8Supply of 5 KTPA green hydrogen
8Supply of heating element, poly-proplyene valve, and steam jacketed valve for sulphur burner
8Procurement of non Edible Bio oil (300 MT)
8Annual rate contract for procurement of gas engine driven (GED) 3-Stage compressor packages
8Tender for promoting PNG and CNG facilities
8Government backs chemical and petrochemical industries for $5 trillion economy goal
8Burckhardt Compression wins orders for 45 biogas installations in India
8Centre to boost carbon credits for biogas sector
8Asia LNG spot prices trades flat
8Maharashtra to embrace LNG buses, govt sanctions Rs 40 crore
8LNG imports up 11% in June on higher demand from gas-based power units
8Corn ethanol could pull in Rs.8 lakh crore investment, boosts farmer income: VP Dhankhar
8PHDCCI Hosts International Summit on Bioethanol as an Alternative to Gasoline and LPG
8India ONGC to pay Equinor $60 mln for stake in Caspian Sea oil assets
8Singapore sends rescue teams to help crew of oil tankers on fire
8Oil India To Set Up 200 Ton Biomethanation Plant In Bhubaneswar
8Indian refiner BPCL sees further cuts in oil OSPs as fuel margins drop
8BPCL Q1 results: Net profit declines 71% to Rs 3,015 cr on higher costs
8New Gas Reservoir Successfully Tested At Assam’s Dirok Field
8Indian Oil launches phase VIII of ‘Prison to Pride’ & Phase V of ‘Nayi Disha - Smile for Juvenile’
8Indian Oil’s expansion of Digboi refinery under way
8Technology in aiding Emission Reduction in the Oil and Gas industry
8Blame must go to Govt, says IOCL official
8Saloma Yomdo Appointed Director (E&D) at Oil India Limited
8IOC targets USD 1 trillion revenue by 2047: Chairman

 

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8The Mumbai trimethylolpropane (TMP) market, which had recently experienced remarkable price stability, has witnessed an unexpected drop in prices

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8Adani Wilmar, a producer of stearic acid, has experienced fluctuations in the Ahmedabad market over the past month

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8In the Mumbai market, the price of paraformaldehyde 96% has shown a minior increase today

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8The price of ethylene tar in Ahmedabad has experienced a moderate increase today

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8Trimethylbenzene prices in Mumbai were quoted higher today

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8Updates from Indian Petrochem analysts based in Delhi market indicate a notable downward trend in PEG 400 prices, a crucial component utilised in industries such as lubricants, hydraulic fluids, and coolants

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8Ahmedabad's chemical market witnessed notable shifts in polyethylene glycol (PEG 600) prices today, reflecting complex dynamics driven by fluctuating raw material costs, market demands, and competitive pressures

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8In the latest updates as of June 22, 2024, an upward increase in MEK prices was noted at Kandla

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8MIBK prices have surged at Kandla today

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8Project Name: Unnao District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

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8Project Name: Burdwan District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

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Doing due diligence on which OALP block to bid needs technical proficiency
8But a lot of companies think they have the skill which the do not

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