8An onshore rig requirement has come up

8Project Name: Dadra and Nagar Haveli Districts City Gas Distribution
8Project Cost: Rs 200 crore
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High velocity, high value tenders have started coming out of ONGC
8This is after a long lapse, with the lockdown and its aftermath holding up projects
8Expect more in the future

8India's largest public sector enterprise (PSE) Oil and Natural Gas Corporation (ONGC) is embarking on an aggressive oil and gas exploration and production (E&P) plan as its producing fields are ageing and production is coming down.

8India's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said. Lower gas supplies will affect impact India's urea production, and a sustained cut would lift imports of the soil nutrient, a fertiliser industry source aware of the cuts said. Neither GAIL nor India's fertiliser ministry responded to Reuters' requests for comments.

A gain in silicone oil grade wacker 350 prices was noted today in the domestic market of Mumbai.

Manganese sulfate prices have moved higher today in Ahmedabad.

Petrochem sources have reported a fall in ortho-xylene prices in the Ahmedabad market.

Petrochem sources reported a massive fall in phthalic anhydride prices in the Kolkata chemical market.

A heavy fall in VAM prices in the imported market of Hazira was noticed on August 2, 2022.

Petrochem sources reported a significant fall in MMA prices in the Kandla chemical market.

Petrochem sources, on August 2, 2022, confirmed a fall in BAM prices in the Hazira market.

CIIR grade 1139 prices were assessed higher in the rubber market of Mumbai.

A fall in NPG prices in the imported market of Ahmedabad was noticed on August 2, 2022.

On August 2, 2022, Petrochem sources confirmed that polymeric MDI Mr200 prices have fallen sharply in Mumbai.

Palm wax prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

Bright aluminum wire prices were much higher in the Ahmedabad market today.

On August 2, 2022, Petrochem sources reported a fall in zinc oxide prices in the Mumbai market.

Excess availability of stocks have sharply reduced hydrogenation xylene prices in the  Ahmedabad chemical market.

Thiamethoxam 97% prices were much higher in the Mumbai market today.

Hexaconazole 95%  prices witnessed a significant fall in the Ahmedabad market today.

Butyl cellosolve prices were quoted lower in the Mumbai chemical market today.

On August 2, 2021, EDC prices were assessed lower at Kandla.

On August 2, 2022, Petrochem sources reported a fall in acrylonitrile prices in the Kandla market.

A significant fall in benzene prices in the Mumbai chemical market was reported by Petrochem sources today.