News & Bulletin Updates

8Evonik’s Active Oxygens business line has released a new sustainability strategy today aimed at expanding the beneficial handprint and reducing the environmental footprint of hydrogen peroxide, peracetic acid, and persulfates

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8KBR announced that it has been awarded a 7-year contract with an option to extend for another 3 years, for the provision of General Maintenance Services by Saudi Aramco TOTAL Refining and Petrochemical Company (SATORP), for its project in Jubail, Kingdom of Saudi Arabia

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8Borealis and Axens have recently signed a license agreement for a process in order to purify and upgrade 50 000 tpy of pyrolysis oils produced from plastics wastes

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8A big blow has been struck on the principle of common carrier access under CGD networks last week
Find out what happened

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8L&T has started sub contracting out for ONGC's pipeline replacement project-7
 Find out more

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Get an update on the Urja Ganga trunk gas pipeline here
8Our analysts have put together a full synopsis

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The big advantage that EIL has is it stream of orders for miscellaneous pipeline projects
8The Irugur Devangonthi Petroleum Product Pipeline Greenfield Proect is one example
8The margins as not as high as a PMC in a refinery or petrochemical project but it pays for salaries of those involved and more
8Stiff local resistance has seen the cost of the pipeline escalate dramatically

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The first phase of the Dohbi-Durgapur-Haldia gas pipeline, from Dhobi to Durgapur, has been commissioned, amidst some drama and delay. EIL was booted out as a PMC and Mecon was ushered in
8But there is the second phase now, from Durgapur to Haldia, which is on
8Find out what has been the progress so far, and how delayed is this stretch of the pipeline
8Also who are the contractors at work, and what kind of RFQs are still floating around

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The latest data seems to show that Russian shipments of oil hasn't slowed down
8That RIL has bought a large quantity of Russian oil at a massive discount
8Also, fresh projections show a much higher price of crude going ahead

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An LNG course is being imparted under a bilateral deal
8It is a five day course

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As BPCL privatization is being reconfigured, fresh appointments are still going through the PESB route
8Here is a new appointment in the company

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India is importing lower volumes of LNG
8And of course paying a much higher price
8Clearly, LNG imports are highly price elastic, and Indian industry can find ways to avoid using gas when push comes to shove

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8A lot of action is expected this Wednesday on the fertilizer front

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8State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields.

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8A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe in a rare move, according to traders and a shipping report on Monday.

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8Oil prices started to surge from January and rates crossed USD 100 per barrel in the following month before touching USD 140 per barrel in early March.

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8In the search for an environment-friendly alternative to fossil fuel, Goa could soon play host to an advanced biofuel refinery where seaweed could be used to generate a high-grade biofuel.

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8Reliance Industries Ltd (RIL) will shortly call bids for 12 million metric standard cubic metres per day (mmscmd) of gas from its MJ field in the eastern offshore Krishna Godavari D6 block, said two executives aware of the development.

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8India’s fertilizer subsidy bill could hit a record high this year, in the range of ?1.65 lakh crore to ?1.9 lakh crore, warranting a reworking of the Centre’s fiscal math outlined in the Budget, rating agency Crisil said on Thursday.

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Apr 25, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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Bright aluminum wire prices in the metal market of Delhi have fallen sharply.

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Petrochem sources have reported a steady trend in polystyrene sheet prices in Mumbai.

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On April 25, 2022, Petrochem sources reported a fall in TMP prices in the Mumbai metal market.

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On April 25, 2022, Petrochem sources reported a sharp fall in zinc oxide prices in the Ahmedabad metal market.

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Choline chloride prices have moved down in the chemical market of Delhi. 

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