News & Bulletin Updates

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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia

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8Explore the latest bulk chemical prices from the Mumbai market, updated for today
8Stay informed with comprehensive insights into key commodities and trends

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8Nayara Energy Limited has reduced polypropylene (PP) grade basic prices, with effect from 9 October 2025

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8Q2 is not a great quarter for oil & gas companies. And it is not going to be a great year, generally
8Yet, two companies are likely to shine: OIL and ONGC going ahead
Why is that so?

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The winds of professional reform are finally sweeping through India’s oil PSUs — but not everyone is taking the same path
8At Indian Oil Corporation (IOC), Chairman Arvinder Singh Sahney has launched a highly selective leadership acceleration track under Project SPRINT, aimed at grooming just 50–70 high-potential executives for top management and future board-level roles
8At Hindustan Petroleum Corporation Ltd (HPCL), meanwhile, a more expansive approach is underway — one that aims to assess and develop nearly 500 executives through a rigorously structured, data-driven Assessment and Development Centre (ADC) model
8Both programmes target the same end: to future-proof PSU leadership against rapid market and technology change
8But their methods could not be more different

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8Mangalore Refinery and Petrochemicals Ltd (MRPL) has reduced prices of its polypropylene (PP) grades with effect from October 9, 2025

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8ONGC Petro additions Ltd (OPaL) has reduced prices of its polypropylene (PP) grades with effect from October 9, 2025

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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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8The owner's plan elevates dew point control, SIL-3 protection and modular swap-out into pre-qualification must-haves.
8A 6-month LSTK window, staged over prefabricated skids, aims to minimise production disruption.
8The acceptance hinge is a continuous 72-hour run test with zero tolerance for defects.

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8EIL has cancelled its limited RFQ for a reciprocating compressor with labyrinth sealing under NRL’s PPU. The move pauses an otherwise standard two-part e-bid with no EMD and an 18-month FOB delivery clock. Whether this is a scope recalibration or a sequencing call will shape vendor strategy on any re-tender.

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8HPCL has clarified price math and tightened bid hygiene for its leadership ADC programme. The SLA pushes platform reliability and rapid reporting with explicit penalties. A high technical cutoff has already narrowed the field to five capable firms.

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8IOCL’s GeM tender for a fast-track petrochemical market assessment drew eight bidders but only four cleared technical scrutiny.
8The revised contract removes financial barriers but enforces tight deliverables and accountability.
8Its structure hints at IOCL’s accelerated downstream strategy and new model for knowledge-based procurement.

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1) Liability cap, SPCB-linked authorizations and HDPE liner mandate shape the field after bidder pushback for Bioremediation
8Three participants are in and the fine print has shifted where it hurts.
8ONGC has capped post-restoration liability to 12 months but kept liners mandatory and quantities non-committal.
8The balance between insurability and environmental assurance just got recalibrated.
 
2) ONGC Assam Asset Potassium Chloride dosing: Update
8ONGC has rewritten the tax playbook mid-tender and given bidders 13 more days to adjust.
8The dosing specifications stay unforgiving, but the fiscal framing just got tighter.
8The price signals this triggers will decide who stays competitive.
 
3) ONGC O&M of Shertha Kalol bulk cement plant extended to 14 October 2025
8ONGC has granted a uniform seven-day push across bid submission and opening milestones.
 
4) SunPetro Bhaskar-I real-time monitoring tender pushed to 15 October 2025 under Bulletin-4, all other terms unchanged.
8SunPetro has granted a second extension, moving the bid window to 15 October 2025 at 15:00 IST.
8The architecture remains frozen around Emerson RTUs and DeltaV, with no reverse auction.
8The shift widens room for compliant bids without relaxing cash-security or delivery obligations.

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1) Four-position UT and guided-wave push ONGC’s RMD GCS integrity survey into high-coverage, on-stream territory in Cauvery Asset.
8ONGC has framed an unusually prescriptive UT survey that hardwires four-position readings and guided-wave for the tough spots.
8The contractor must also own insulation, scaffolding and epoxy restoration, turning it into a turn-key integrity lot.
8With a limited GeM bid and no EMD/ePBG, competition narrows to capability, not balance-sheet muscle.
 
2) Latest-version, 14-day install and inversion-ready petrophysics stack sought for Bhaskar-I
8SunPetro has framed a petrophysics-first software buy that forces integrated, multi-well evaluation on the latest versions only.
8Cash securities are standard, but commercial levers like split awards and change orders sit firmly with the buyer.
8The deployment clock starts ticking fast with a 14-day install-and-train mandate.
 
3) Cairn pre-screens OCTG suppliers with liquidity floor and proportional consortium bonding for Barmer wells
8The EOI sets a high bar on finances, HSE history and operator-grade references before any OCTG volumes are tendered.
8A proportional consortium rule ties financial tests and future PBG slices to actual workshare.
8That combination could narrow the pool to mills and integrators with real skin in the game.
 
4) 20 bidders: Thirty percent clear the technical gate for ONGC Assam Asset’s HAZOP/QRA lot
8Six of twenty bidders made the technical cut, leaving a compact field for pricing.
8The SOW anchors PHAST/SAFETI and worksheet-driven HAZOP, with a 180-day delivery clock.
8With pre-bid interactions closed off, documentation rigour became the decisive filter.

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Patels Airtemp takes SS pressure vessels for PLL’s PDH-PP at Dahej
8EIL closed a limited, composite-bid award for stainless-steel pressure vessels at PLL’s PDH-PP project in Dahej. Patels Airtemp emerged L1 at about Rs 5.53 crore, with a wide 82.6% tail to L10. The tender’s NDA-gated, zero-deviation structure shaped both participation and pricing.

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1) Bid due extended to 15 October for air-preheater at Hydrogen-II in MRPL
8MRPL has pushed its GeM bid for the Hydrogen-II air pre-heater to mid-October. The scope stays intact, but the clock moves to accommodate stronger compliance and OEM confirmations. The commercial spine (PRS, ePBG, L1 rules) remains unchanged.
 
2) Bid window pushed to 30 October for PP-unit catalyst package in IOCL Panipat P-25
8IOCL has moved the bid deadline twice for its PP-unit catalyst buy at Panipat. The scope and risk architecture remain intact, with RA, CPBG through PGTR, and strict outlet specs. The extra time could reshape participation and combination pricing across the three column tags.

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1) Four extensions push IOCL Paradip CFBC-steam EOI to 27 Oct, widening the BOO field
8IOCL has shifted the Paradip CFBC BOO EOI deadline four times, now landing on 27 Oct 2025. The extension streak, with EMD still waived at EOI, reshapes bidder calculus on scope, interfaces and compliance. The opening timeline and any clause changes are not specified in information with us
 
2) Two-step bid push to 13 Oct keeps price firmness intact in EIL/MRPL FO & IRT E&I package
8EIL has nudged the bid clock twice on MRPL’s FO & IRT E&I package without touching commercials. The calendar now lands on 13 October, giving bidders breathing room on OEM integrations and brownfield interfaces. Price firmness and a five-month delivery KPI still hold.
 
3) HPCL Visakh refinery pushes bid end to 14 october and resets ATC with a 25% option clause
8HPCL’s Visakh refinery has extended the bid window by a week while rewriting the buyer-added ATC. The new terms hard-wire a 25% option on quantity or duration and tighten compliance through nil-deviation and integrity pact declarations. Bidders now have time to recalibrate risk and documentation before the reverse auction.
 
4) Barauni Biturox UPS package gets 16-day bid extension under RFQ-first regime
8IOCL has extended the limited UPS bid while keeping RFQ terms firmly above GeM templates. The option clause and inspection-in-price keep cost and schedule levers with the owner. Vendors now have extra time to align to strict MR and ECS interface demands.
 
5) Paradip crane-hire tender relaxes 250-MT duty point but tightens HSE and documents
8IOCL has extended its Paradip heavy-equipment hire tender twice, even as it trims a key performance clause for the flagship 250-MT crane. The configuration and HSE controls remain stringent, but the load-curve duty point is no longer codified. That combination should widen the bidder pool and sharpen reverse-auction dynamics.

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8IOCL has narrowed the feasibility to a capex-first study while formalising ISBL/OSBL cost grouping. The licensor-anchored configuration curbs speculative economics and prioritises integration, utilities, and logistics to port. Two extensions from the original 30-Sep close point to more time for panel bidders, but the scope discipline remains intact.

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1)  Wage-risk split and 24×7 shift cover define instrumentation services for MRPL aromatic complex
8MRPL’s new package hard-codes a two-year firm SOR for installs while carving out limited pass-through on shift manpower. The scope fuses analyzer, OFC, CCTV, cabling and earthing into a single accountable contract under the EIC. The operational mandates and PQC bars will shape who bids — and how sharply they price risk.
 
2) Bid window pushed to 23 October for rotary-lobe pump package in Petronet LNG Dahej
8EIL has extended the bid submission twice, moving the window by a full month. The scope stays unchanged, but documentation and NDA steps appear to have driven the schedule. Expect a broader field and tighter compliance at opening.
 
3) EIL holds delivery line in NRL’s DCU ultrasonic flowmeter spec but tightens flare MW window in NRL DCU revamp.
8EIL has clarified the metrology envelope for the flare tag and allowed intrinsic safety alongside flameproof. Vendors pushed for more time, but the six-month clock didn’t budge. A no-spares call and selective material flex could still keep the field competitive.
 
4) PLL Bahraich 70 TDP CBG EPCM: Bid date pushed to 07 Nov; address shifted
8PLL has extended the Bahraich 70 TPD CBG EPCOM submission by a full month while shifting the bid-receipt address. The PQC reference date, EMD and fee mechanics are untouched, signalling quality discipline over scope churn. The practical impact is on bidder readiness and compliance, not on technical content.
 
5) Three-step extension widens the gate for acetic acid tanks LSTK for GMPL’s PTA plant in Mangalore
8GMPL has pushed the bid clock thrice, taking the submission cut-off from 22 September to 16 October. The un-priced opening moved in tandem, preserving evaluation sequence. The commercial guardrails stay intact even as participation time expands.

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1)  Wage-risk split and 24×7 shift cover define instrumentation services for MRPL aromatic complex
8MRPL’s new package hard-codes a two-year firm SOR for installs while carving out limited pass-through on shift manpower. The scope fuses analyzer, OFC, CCTV, cabling and earthing into a single accountable contract under the EIC. The operational mandates and PQC bars will shape who bids — and how sharply they price risk.
 
2) Bid window pushed to 23 October for rotary-lobe pump package in Petronet LNG Dahej
8EIL has extended the bid submission twice, moving the window by a full month. The scope stays unchanged, but documentation and NDA steps appear to have driven the schedule. Expect a broader field and tighter compliance at opening.
 
3) EIL holds delivery line in NRL’s DCU ultrasonic flowmeter spec but tightens flare MW window in NRL DCU revamp.
8EIL has clarified the metrology envelope for the flare tag and allowed intrinsic safety alongside flameproof. Vendors pushed for more time, but the six-month clock didn’t budge. A no-spares call and selective material flex could still keep the field competitive.
 
4) PLL Bahraich 70 TDP CBG EPCM: Bid date pushed to 07 Nov; address shifted
8PLL has extended the Bahraich 70 TPD CBG EPCOM submission by a full month while shifting the bid-receipt address. The PQC reference date, EMD and fee mechanics are untouched, signalling quality discipline over scope churn. The practical impact is on bidder readiness and compliance, not on technical content.
 
5) Three-step extension widens the gate for acetic acid tanks LSTK for GMPL’s PTA plant in Mangalore
8GMPL has pushed the bid clock thrice, taking the submission cut-off from 22 September to 16 October. The un-priced opening moved in tandem, preserving evaluation sequence. The commercial guardrails stay intact even as participation time expands.

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

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8Project Name: Rajkot District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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8Project Name: Hazira District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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8Receipt of order from additional commissioner central tax, Vijayawada and proposed appeal [ONGC]
8Credit rating disclosure [HPCL]
8Annual report 2025 [Synergia]
8Grant of 8,00,000 employee stock options under AESL ESOP 2025 approved by board [Asian Energy]
8Praj low-carbon solution to drive substantial carbon intensity reduction at Aemetis California ethanol plant [Praj]
8Award of tender for 100 TPD municipal solid waste based bio-CNG plant in Tiruchirappalli under PPP mode [Refex]

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1) Liability cap, SPCB-linked authorizations and HDPE liner mandate shape the field after bidder pushback for Bioremediation
8Three participants are in and the fine print has shifted where it hurts.
8ONGC has capped post-restoration liability to 12 months but kept liners mandatory and quantities non-committal.
8The balance between insurability and environmental assurance just got recalibrated.
 
2) ONGC Assam Asset Potassium Chloride dosing: Update
8ONGC has rewritten the tax playbook mid-tender and given bidders 13 more days to adjust.
8The dosing specifications stay unforgiving, but the fiscal framing just got tighter.
8The price signals this triggers will decide who stays competitive.
 
3) ONGC O&M of Shertha Kalol bulk cement plant extended to 14 October 2025
8ONGC has granted a uniform seven-day push across bid submission and opening milestones.
 
4) SunPetro Bhaskar-I real-time monitoring tender pushed to 15 October 2025 under Bulletin-4, all other terms unchanged.
8SunPetro has granted a second extension, moving the bid window to 15 October 2025 at 15:00 IST.
8The architecture remains frozen around Emerson RTUs and DeltaV, with no reverse auction.
8The shift widens room for compliant bids without relaxing cash-security or delivery obligations.
 

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