One of these companies will stand automatically disqualified without even their bid being examined for this seismic tender
8Advent Oilfield Services Private Limited
8Alphageo (India) Limited
8Asian Energy Services Limited
8Gmt Seismic Private Limited
8Khushi Oilfield Services Private Limited
8Devi Engineering And Constructions Private Limited

GAIL has a lot at stake in this pipeline project
8So much so that it has squeezed the experience criteria to filter out the smaller players
8Leaving the field open to just two companies

When you have these bunch of companies competing for a project, all you can expect is the L-1 price beaten down to just the manpower cost for this consultancy contract, with little or no margins left
8Apave Tiv India Pvt Ltd
8Bureau Veritas (India) Pvt. Ltd.
8International Certification Services Pvt Ltd
8Irclass Systems And Solutions Pvt Ltd
8Meenaar Global Consultants LLP
8Rina India Pvt Ltd
8SGS India Pvt. Ltd.
8Tuv India Pvt Ltd
Is there a need for those who are tendering projects out to bring in more quality to take out some of the bidders.  A crowded market is bad news, despite technical conditions imposed, low cost means bad service

Rig O&M services have got fully commoditized
8There are too many players, but thankfully there are a lot of jobs too
8Even so, the L-rate will be probably just above subsistence level. These were the bidders for a contract:
 -- Aakash Exploration Services
 -- BSCC Exploration Private
 -- Indo Oil Data Private
 -- Petrotech
 -- South Asia Consultancy
 -- Technical Services
 -- Western Oil Field Services
8We suggest the entry barrier be raised to get more quality service in.
8The price vs. quality debate is important to dive headlong into by companies like ONGC and OIL
  

Two competent companies fought it out for this Rs 1500 crore tender
8There is a lot of marine spread deployment involved

Oil India Ltd is undertaking a very ambitious full-scale monitoring system for its crude and product flows
8The scope is very ambitious indeed
And the job can go on up to seven years

ONGC had severe limitations on this rather ambitious contract spanning up to 13-rigs
8Initially it wanted it to be all Make in India, and then decided to backtrack and allow foreign companies in
8Then again, it is super sensitive about the data, and wants all the work done inhouse
8Further, it does not want to take responsibility for interpretation of the data and the consequences of the action to be taken on it.

8Find today's key updates in E&P, Mid-Downstream, and CGD sector

Everyone is talking of biofuels
8But many states do not have a policy format in place
8And feedstock is a problem, so is slurry disposal
8Even gas offtake is a headache

This is for those producers who are undertaking hydrogen production under the government of India initiative
8This company says it can reduce cost of production by 12 per cent straight away without the producer having to do much
8Now that is intriguing but we think that may actually be feasible

Active local resident and a hyperactive environmental body has driven this refinery around the bend
8And it is knocking on the doors of the Supreme Court for relief

There are very few episodes of shoddy work by IOCL than what it is currently doing with getting a contract going for the operations and maintenane of its massive network of SPMs and attendant offshore facilities at Paradip
8One tender was cancelled
8And even as the second one seems to be under evaluation, with two bidders putting in their bids, a new one is floated
8The problem is that IOCL has not got a grip over the marine spread needed for the job
8Some heads need to roll for this

A massive Rs 8000 crore has been pumped into this petrochemical project
8And the project has gone through several iterations and extensions
8Commissioning is now expected in September, 2025
8Get a full update on this project

8The departure of this top executive in this EPC company has raised eyebrows

8Prices for polypropylene (PP) SRM100NC have dropped in the Chennai domestic petrochemical market today, reflecting a notable shift in market trends. The price has decreased from Rs.106/kg to Rs.105/kg, marking a Re.1/kg reduction

8The Kandla market has experienced a significant surge in Linear Alkyl benzene (LAB) prices. This increase is driven by a combination of tight supply conditions and rising demand from downstream industries, particularly in the production of chemicals and solvents.On September 25, 2024, Linear Alkyl benzene (LAB) prices in Kandla were quoted higher from Rs.137/Kg to Rs138/Kg a hike of Re.1/kg

8Acetone prices in the Mumbai market were quoted lower today. After a period of stability beginning on September 11, 2024, the acetone market of Mumbai experienced a significant price adjustment today. Today, the price of the material has decreased to Rs.93/kg, driven by an unexpected supply overhang. Analysts point to an oversupply in the market, which has outpaced demand and led to the downward adjustment

8The prices of polycarbonate(PC), grade S3001R have increased in the Chennai polymer market today. According to the reports from Indian Petrochem analysts,  prices have gone up by Rs 3/kg on September 25, 2024, from its price of Rs 212/kg assessed on September 24, 2024

8Soap Noodles (Grade 80:20) prices have risen in the Delhi market after a stable period lasting four to five days. The price of Adani Wilmar soap noodles 80:20 increased from Rs.95/kg to Rs.97/kg today, marking a significant development for businesses and consumers relying on this key raw material

8Light Diesel Oil (LDO) prices in the Mumbai market surged today, rising from Rs.60/kg to Rs.62/kg, marking a Rs.2/kg increase overnight, according to Indian Petrochem analysts. The price hike reflects shifting market dynamics influenced by both global supply constraints and domestic demand pressures

8The prices have witnessed a movement today. Find out how much

8A combination of factors is at work, get the latest price here

8Has the price witnessed a movement today?

8Find out the latest prices

8Find out the price trend