News & Bulletin Updates

8Formic acid prices in the Mumbai market were low today

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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Jul 08, 2025: Global Ammonia prices

8Get the latest prices here including trends over the past month

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8Here is the roundup price comparison chart for US Gulf, China and Brazil

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8Get the latest prices here including trends over the past month

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8Find out the latest roundup prices in India

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8The price was higher, find out by how much

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8The latest prices for Phosphoric acid in India

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Jul 07, 2025: Announcements

8Engagement of retired CCAS officers as consultants for internal audit in Ministry of Petroleum & Natural Gas [MOPNG]
8PNGRB approves key reforms in natural gas pipeline tariff regulations to enhance sector efficiency [PNGRB]
8Re-affirmation of rating with respect to the non-convertible debentures and commercial paper of the company [RIL]
8Cochin Shipyard signs MoU with HD Korea Shipbuilding for strategic collaboration in shipbuilding and offshore projects [CSL]
8Adani Ports and Special Economic Zone Limited recognised as 2024 ‘Supplier Engagement Leader’ [Adani Port]
8Execution of Heads of Terms with Synergia Energy for acquisition of remaining 50% participating interest in Cambay Field [Selan]
8Deduction of tax at source on dividend for the year 2024–25 [IOCL]
8Proposed sale of Cambay PSC to Selan Exploration [Synergia]

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<body><p><span style="font-size: small;"><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Engagement of retired CCAS officers as consultants for internal audit in Ministry of Petroleum &amp; Natural Gas [MOPNG] <a href="../article_/172439/2/Engagement-of-Retired-CCAS-Officers-as-Consultants-for-Internal-Audit-in-Ministry-of-Petroleum--Natural-Gas-MOPNG"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">PNGRB approves key reforms in natural gas pipeline tariff regulations to enhance sector efficiency [PNGRB] <a href="../article_/172438/2/PNGRB-Approves-Key-Reforms-in-Natural-Gas-Pipeline-Tariff-Regulations-to-Enhance-Sector-Efficiency-PNGRB"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Re-affirmation of rating with respect to the non-convertible debentures and commercial paper of the company [RIL] <a href="../article_/172437/2/Re-affirmation-of-rating-with-respect-to-the-Non-convertible-Debentures-and-Commercial-Paper-of-the-Company-RIL"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Cochin Shipyard signs MoU with HD Korea Shipbuilding for strategic collaboration in shipbuilding and offshore projects [CSL] <a href="../article_/172436/2/Cochin-Shipyard-Signs-MoU-with-HD-Korea-Shipbuilding-for-Strategic-Collaboration-in-Shipbuilding-and-Offshore-Projects-CSL"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Adani Ports and Special Economic Zone Limited recognised as 2024 &lsquo;Supplier Engagement Leader&rsquo; [Adani Port] <a href="../article_/172435/2/Adani-Ports-and-Special-Economic-Zone-Limited-recognised-as-2024-Supplier-Engagement-leader-Adani-Port"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Execution of Heads of Terms with Synergia Energy for acquisition of remaining 50% participating interest in Cambay Field [Selan] <a href="../article_/172434/2/Execution-of-Heads-of-Terms-with-Synergia-Energy-for-Acquisition-of-Remaining-50-Participating-Interest-in-Cambay-Field-Selan"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Deduction of tax at source on dividend for the year 2024&ndash;25 [IOCL] <a href="../article_/172433/2/Deduction-of-tax-at-source-on-Dividend-for-the-year-2024-25-IOCL"> </a><br /> </span><span style="color: #ff0000; font-family: Webdings;">8</span><span style="font-family: Arial;">Proposed sale of Cambay PSC to Selan Exploration [Synergia] <a href="../article_/172441/2/Proposed-Sale-of-Cambay-PSC-to-Selan-Exploration-Synergia"> </a></span></span></p></body>
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8Project Name: Lucknow District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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

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8M/s Rahul Petronet’s Rs.113 Cr mini refinery in Rajasthan secures environmental clearance after detailed EAC scrutiny.
8With a zero-liquid-discharge design, online emission monitoring, and Rs.1.5 Cr socio-economic package, the project must now deliver on bold public promises and a tightly conditioned EMP framework.

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8After multiple reviews, the Expert Appraisal Committee has cleared a 56,000 TPA coal tar distillation project in Paschim Bardhaman, West Bengal.
8The plant, by B.S. Tar Pvt. Ltd., pledges zero liquid discharge, 40% green cover, and real-time emission monitoring—marking a test case in balancing industrial growth with strict environmental compliance.

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Riser analysis scope deepens: ONGC stacks strict risk, speed, and scale demands into mooring study bid
8ONGC’s latest bid for deep-water mooring and riser studies across its drillships comes with stringent conditions—tight 5-day delivery, OEM certifications, and no leeway for new entrants.
8The 25% clause could stretch scope mid-way, placing cashflow and risk squarely on the contractor.
Coring scope stiffens for ONGC Bokaro CBM block as high EMD, no MSE waiver narrows bidder pool
8ONGC’s Bokaro tender for integrated coring and non-core CBM services combines mechanical, logging, and IT workflows under one 3-year contract.
8High financial thresholds and a blanket exclusion of startups and MSEs tighten the field, suggesting ONGC’s push toward large-vendor-led CBM operations.
FMS bids for ONGC tighten uptime screws, raise penalty heat on onshore vendors
8In ONGC’s latest 3-year tender for FMS support at its onshore production and drilling sites, the PSU has sharply tightened SLA-linked penalties and enforced higher uptime thresholds.
8With no bid-splitting allowed and reverse auction enabled, the tender could test smaller players’ risk appetite and margins.
High-spec shore base tender flags execution squeeze
8OIL India’s new tender for shore base services blends global operational benchmarks with tight Indian timelines—raising flags on contractor readiness.
8With a phased setup across KG and Andaman blocks, the bid demands heavy infra, real-time vessel support, 24/7 operations, and integrated bulk and chemical handling under exacting standards.
Twin-engine choppers sought for ONGC’s East-West offshore crew runs
8ONGC invites bids for 4 Group-I helicopters to ferry crew to offshore rigs across both coasts.
8Each twin-engine, IFR-rated machine must weigh under 7000 kg and seat at least 13 persons—including pilots—highlighting ONGC’s focus on standardized mid-size aviation logistics.

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Price war at Nhava: ONGC’s 3-year crane contract awarded with razor-thin L1-L2 gap
8NE Oilfield edged out its nearest rival by just 0.10% in ONGC’s 3-year crane hiring tender for Nhava base, quoting Rs 7.14 crore.
8The ultra-narrow spread signals a margin-crunch bidding environment—raising questions on sustainability and risk appetite.
Rigid specs and tight clauses raise hurdles in ONGC’s lightning protection tender
8Om Technical Solutions LLP, flagged key constraints in ONGC’s Assam Asset lightning protection tender—ranging from inflexible specs to cashflow-unfriendly payment terms.
8ONGC’s firm responses may limit vendor participation and raise execution risks.
Tight compliance terms shrink playing field: Five bidders jostle under ONGC’s strict instrumentation contract
8With ONGC enforcing rigid norms on manpower, calibration traceability, and tool provisioning, all five bidders—Automation & Telecommunication Services, Dutt Engicon, KELTRON, Proinst Techserv, and TESL R&D—face steep qualification hurdles.
8The tender’s unforgiving framework may narrow the competition to only the most resource-ready vendors.
ONGC hardens stance: Firm vessel availability now mandatory, bid validity cut to 60 days
8Responding to bidder pushback, ONGC has dropped the 'subject to availability' clause and now demands firm vessel commitments upfront.
8While the bid lock-in has been reduced to 60 days, many operators may still struggle with rigid compliance timelines.
Oil India pushes back pre-bid meet for fracking contract amid vendor concerns
8Responding to industry demand, OIL has deferred the pre-bid conference for its KG Basin hydraulic fracturing tender, giving bidders more time to prepare.
8A rare but welcome move in high-stakes service tenders.

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ONGC pushes corrosion audit of critical KG subsea line to mid-July close: Scope complexity and risk flags emerge
8A critical pipeline integrity audit has been extended by ONGC to July 11, 2025, giving vendors more time to respond to a technically dense scope under NACE SP0116.
8The contract, meant to assess internal corrosion in a multiphase subsea line from offshore PLQP to onshore OGT, carries high complexity and exposure risk.
8Vendor eligibility terms remain strict, and no EMD or experience waivers are granted.
ONGC extends CBHP services bid, opens doors for PMIS interns
8ONGC has pushed its CBHP O&M bid closing to 11 July 2025 and introduced unique manpower relaxations, including preferential hiring of PMIS interns and treating 12th-pass internship holders as diploma-equivalent.
8These structural tweaks could reduce contractor lead times but may raise queries around cost implications and quality assurance.
ONGC extends PRP-IX subsea pipeline EPCI bid: Delay signals contractor caution on risk-sharing clauses
8The tender deadline extension to 17 July hints at bidder discomfort with ONGC's stringent liability terms and tightly framed risk clauses.
8Major concerns revolve around free-issue pipe handling, change order cost caps, and zero-standby compensation. Is ONGC setting a new benchmark in offloading risk?

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8In a tightly contested IOCL tender for transaction advisory, KPMG emerged as L1 with a quote of Rs.1.33 Cr—beating PwC and Deloitte and setting new benchmarks on pricing pressure in high-end public sector consulting.

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Oil India Limited’s bid to establish a 10,000 KLPD crude processing tank farm in Assam was returned by the Expert Appraisal Committee after it flagged a major discrepancy in pipeline length claims.
8The project team stated a new line would be under 1 km, but satellite checks showed a 2.92 km stretch—prompting the panel to demand accurate alignment data and stronger submission discipline.

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8The proposal for Oil India Limited's onshore exploratory drilling at Location OSTA in South Tripura has been officially accepted and forwarded to the Expert Appraisal Committee (EAC) for technical and environmental evaluation under the B2 category.

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8Agromet Advisory Service Bulletin for the State of Karnataka [IMD]
8Current news on the latest developments in fertiliser, energy, weather, agriculture [FAI]
8Business Responsibility and Sustainability Reporting [DAL]
8Annual Report 2024-25 [DAL]
8Tax Deduction at Source (TDS) on Dividend for the FY 2024-25 [GNFC]
8Receipt of Show Cause Notice for Refund Recovery and Penalty from Central Tax Department for FY 2022–23 [NFL]

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Jul 07, 2025: Fertilizer brief

High-pressure swap: NFL begins natural gas pipeline upgrade at Nangal plant
8NFL is replacing its existing low-pressure underground gas pipeline with a high-strength Schedule 80 line at its Naya Nangal unit. The Rs. 44.2 lakh contract spans fabrication, erection, and hookup during a tight ATA shutdown window, with stringent welding, testing, and execution standards to match rising GAIL inlet pressures.

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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8Agromet advisory bulletin for Palakkad district [IMD]
8DENZAI completes heavy lifting work on Daewoo E&C Nigeria’s Indorama 3 project [Denzai]
8Business responsibility and sustainability report for FY 2024-25 [UPL]
8Annual report 2024-25 [UPL]
8Intimation of change in income tax rules regarding tax deduction on dividend [Bayer]

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8Gazette notification for land acquisition in Assam for Paradip–Numaligarh crude oil pipeline project [Gazette]
8Monthly report on indigenous crude oil production, import & processing, and petroleum products trade – May 2025 [PPAC]
8PNGRB action plan 2025–26 [PNGRB]
8Media release on IEX power market update, June 2025 and Q1FY26 [IEX]
8Commissioning of LPG cryogenic terminal at Pipavav by the company [Aegis]
8ONGC and MOL sign heads of agreement to partner on ethane carrier project [ONGC]

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8Project Name: Gwalior (Except alrea already authorized) and Sheopur District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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