8Recently, Spirodiclofen 98% TC prices in the Delhi imported market have experienced a notable decline

8Prices of DINP in Mumbai have risen, indicating an upward movement in the chemical market. On July 18, 2024, DINP prices for domestic intact supplies in Mumbai increased from Rs 149/kg to Rs 145/kg

8As of the latest updates on July 18, 2024, a reduction in DIBP prices was noted in Delhi

8Dilute nitric acid prices in Mumbai have changed, per reports from Indian Petrochem analysts

8The Ahmedabad chemical market has experienced notable shifts in Methylene Dichloride (MDC) prices, reflecting the dynamic nature of this essential solvent's demand and supply

8On Wednesday, July 17, 2024, crude oil prices experienced a significant surge

8Reliance Industries Limited (RIL) has decided to maintain its polypropylene (PP) prices, effective July 18, 2024

In what will eventually be a model case for all E&P assets, ONGC is going 360 degree digital with one of its most complex assets
 8The idea seems to create a realistic digital twin that will  involve all complexities of a high-order producing field
 8And control of the system will flow down the line from the director onwards
 8And this involve the use of AI modeling, perhaps for the first time in India and the amongst the few in the world.
 8The architecture planned is world class, and if at the digital level, a best in class model can be built up, the attendant real word changes will bring in unheard before advantages, including big jumps in efficiency and reservoir exploitation
 Comment: ONGC’s initiative positions it as one of the early adopters of such advanced digital modelling technologies in the oil and gas industry. The use of AI and ML in the context of integrated asset management is relatively novel, providing ONGC with a competitive edge in terms of technology-driven efficiency and productivity enhancements. By implementing this system, ONGC is likely to set a benchmark in the industry for digital transformation and operational excellence in complex offshore producing assets.

A rig owner wants a rig
8The reason being regulation wants him to advertise for one, and get at least three quotes

8Project Name: Guna District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

8Project Name: Rewa District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

8Passing of Resolution(s) by Postal Ballot along with Scrutinizer's Report [IGL]
8Board meeting scheduled to be held on wednesday, July 24, 2024 [IEX]
8Change in Senior Management [BPCL]
865" Annual General Meeting of the Company for the year 2023-24 [IOCL]
8Change in Directorate of the Company [IOCL]
8Snapshot of India's Oil & Gas data June-2024 [PPAC]
8GAS market insights Q1 FY25 [IGX]

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

The Pipeline Infrastructure Ltd's East West gas pipeline is a great story on financial structuring
8It is ring fenced by an offtake agreement with RIL
8There is a water tight maintenance plan in place
8And more than 30 additional customers have also signed up with the company to transport gas
8Capacity utilization is low but the cost of funding long term paper is covered by the RIL's offtake payments
Similar model can be followed by GAIL and IOCL to monetize their pipelines

When you have companies like
8SV Enviro Labs & Consultants
8Hubert Enviro Care Systems Private Limited
8Bureau Veritas (India) Private Limited
And when winning at any cost becomes the ruling paradigm, and for a whole year, you are willing to do the work for much less than a lakh of rupees, then this is not just commoditization of services but another level of desperation Click on Details for more

This is an E&P job and PDIL is rightfully interested, as it will mean a break into a new kind of segment
8It clearly has the capabilities
8But its pricing was all wrong; It is a public sector, it is understandable and it is up against highly competitive private sector consultants, but even so, the pricing cannot be 4.5 times the L1 bidder
8The E&P owner also has to see that its grand design of transiting the company into a different kind of paradigm is not sabotaged by low cost bidders, in a grab the job now and we will see later kind of a format, because that will defeat the purpose for which an elaborate restructuring exercise has been undertaken.
8A lot is needed for the winning bidder but can it do this complex job at such a low cost  
8A very strict value based BEC (with adequate weights for experience and credibility) is  needed in the contracting system or else all its efforts will come to naught

8Promoter decides to quit this LNG terminal

This E&P company has come out with a blanket requirement for a whole lot of E&P services
 What it needs are
8Rig services, surface facilities,
8And other miscellaneous jobs are different E&P assets

When it comes to cement additives, E&P majors only trusts procurement  from the big three
8But then the owner wants all kinds of assurances about quality and supply, and validation of product
Earlier attempts to break through this cartel has not succeeded so far  

BPCL seems to have a big advantage in connecting this newly coming international airport where big demand is expected
8That will look like an ATF supply monopoly

This petrochemical company wants to set up a green hydrogen plant
8But in a different context

8In recent developments, the pricing dynamics of silicone oil, a vital industrial material manufactured by Wacker and predominantly imported, have begun to display signs of fluctuation  in the Delhi market

8Oleic acid 75%, produced by Adani Wilmar, has shown periodic price stability in the Delhi market over the past month

8Recent updates from Indian Petrochem analysts indicate a downward trend in the prices of imported intact supplies of hexaconazole in the market

8Find the CGD updates of the day