Domestic market sources reported a rise in Mumbai’s toluene prices today.

Petrochem sources in Mumbai have reported a significant rise in VAM prices.

There are still problems over Haldia Petrochemcials' Cuddalore petrochemical complex.
8Even as bids are getting submitted, some issues are still to be sorted out

 Bio-refineries are environmentally friendly
8But where will the feedstock come from?
8Also know more on how start-ups are likely to get into the business
Find out how to address this issue

All eyes are on ONGC's next big offshore development project, the Daman Upside
8When is that likely?

Here is a marine spread company that got a 10-year deal
8It is rolling in money, and even better times are now ahead. Clearly, the relatively small company knew how to capitalize itself well

The DGH is now sinking its teeth deeper into the E&P business.
8It is now setting the agenda in terms of not just selecting winning bidders but also what companies need to do in their E&P business
8The worrying part will be when what should ordinarily be tutorials are made mandatory
8That is when the state gets in with a heavy fist in a business that is best left to the operators to handle. After all it is their money which is at stake

ONGC's UD field (Cluster-III) discovery in its KG-DWN-98/2 block is among the deepest in the world, with water depth reaching from 2840 m to 2500 m over a 50 km distance and 2000 m over an 85 km distance.
8It is one of its kind in the world
8Clearly, higher gas prices is encouraging ONGC to explore the possibility of tapping in to the field.
8And the first contract for this has been awarded recently

8What is the range of tolling and crude processing charges levied in India for hydrocarbon production?

Sical Connect Ltd earlier known as Norsea Offshore India Limited (Norsea) is a step-down subsidiary of Sical Logistics Limited and is engaged in the business of dredging.
8The company owned a dredger (total gross block of Rs 136 crore as on 31st March 2018) which it leasesed to its parent, Sical, for the execution of dredging contracts across ports in India
8So why is it not cooperating with its rating agency?

This deepwater marine port seems to be in a bit of trouble
8Is it now an ideal takeover target?

8Even as CNG prices increase because of shortage of domestic gas supplying coupled with secular rise in prices, they remain much cheaper than petrol and diesel

Ammonia and Captive Power Unit Greenfield Project
8Cost: 1920 Cr.
8Project Event: The project has elicited the terms of references, The final EIA report preparation is still ongoing. The proposal for the environmental clearance is likely to be submitted in Q2 FY 2022-2023, due to internal discussion, RFQ for the EPC contractor is likely to be released in Q2 FY 2022-2023..
SSP/GSSP Greenfield Project
8Cost: 15 Cr.
8Project Event: The proposal for the environmental clearance is likely to be submitted in July 2022, RFQ for the local contractor is likely to be released in July 2022, The company is taking with a different local contractor.

The war and associated sanctions are hitting the energy industry like never before
8But amidst the sanctions, alternative pathways are constantly evolving to ship Rusian oil and gas to places where they are needed
8Also, while fingers are pointed at India, what is overlooked is that more than 2,100 US companies and at least 1,200 EU companies have Tier 1 suppliers in Russia
8And those numbers expand sharply for sub-contractors: more than 190,000 US companies and at least 109,000 EU companies have Tier 2 and 3 suppliers in Russia
8India's exposure is very limited in this context

8There was a curious reaction to India's tender for urea

8"Transitioning to a production method that is not reliant on synthetic fertilizers can be accomplished strategically over three to five years," writes Steve Thompson, executive director of the National Center for Appropriate Technology.

India's state-owned gas distributor Gail has purchased a cargo for delivery over 10-20 May to the Hazira terminal at a price of around $29/mmbtu, though a tender which closed on 7 April.
8This is the firm’s second purchase in the past week alone, as it sought to fulfill downstream commitments made to its customers in the fertilizers sector
8Relatively lower prices for most of this week has encouraged Gail to pick up more spot cargoes

8Why has the government's priority changed in gas allocation to the CGD sector

8Indian Oil Corp (IOC) rolled out M15 petrol -- 15 per cent blend of methanol with petrol -- on a pilot basis in Assam's Tinsukia district. Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.

8While a team of representatives from the department of environment, Delhi government, Delhi Pollution Control Committee, the north and east corporations will visit the gas capturing unit at Gorai landfill, Mumbai on May 5, the two civic bodies have intensified measures at Bhalswa and Ghazipur to minimise chances of recurring of fire incidents.

 8State owned oil  Marketing Companies -- Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) -- continue to suffer a free fall in their net marketing margins on high global crude oil rates.

A huge cut in ferro silicon prices was recorded today in Delhi.

Bright aluminum wire prices have climbed much higher in Mumbai.

A cut in polystyrene sheet prices was announced in the Mumbai market today.

Polyethylene glycol prices have moved upwards in the Delhi imported market, today.