8ONGC is going to have a comprehensive relook at the Bengal basin. Find out how
 8Also, ONGC plans to drill five exploratory wells in its OALP rounds

Indian Oil Corporation seems to be caught in a tight corner over an attempt to keep a contingency plan in place even as it places an LOA on another contractor for the same job
8Contractor default seems to be the big worry for the public sector refinery major
8But is such a move justified?

8RIL is going through a bidding process for a jetty and attendant facilities

8BHEL has executed the share purchase agreement and Escrow agreement for sale of its entire equity
8Know more

8What was the exact price fetched by HOEC against in the bidding for 0.3 mmscmd of gas from its B-80 offshore block?

There more trouble in the fertilizer sector
8Phosagro and Eurochem are now facing the music

Ammonia-Urea Energy Saving Project 
8Cost: 380 Cr.
8Project Event: TheProcess Design Package (PDP) development is still ongoing and expected to be received by the end of Q1 of FY 2022-23. RFQ for the LSTK contractor is likely to be re-released in Q1 FY 2022-2023. Accordingly, the services of M/s CASALE had been engaged to carry out the Process Design Package (PDP) for the ESP schemes and their integration. However, due to financial liquidity issues faced by the Company, the PDP development had not proceeded as envisaged but was resumed through a commencement of the Kick-off Meeting in December-2020.
DAP/NPK /Phosphoric acid Greenfield Project
8Cost: 500 Cr.
8Project Event: The project is under the process of environmental clearance, public hearing is likely to be started at the end of March 2022, RFQ for the LSTK contractor for the DAP/NPK plant is likely to be released in April 2022.

8The Russia-Ukraine war has sent the shipping industry into turmoil as it has to selected which ships will be covered by sanctions which won't
Find out for more on what the repercussions are on the shipping fleet

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Coal prices at the highest levels in 200 years.
8Clearly, with the Russia-Ukraine war, commodity markets are in great turmoil
8Also, CO2 emission levels are back to pre-COVID levels

8India's ONGC Videsh failed to get bids in its tender to sell 700,000 barrels of Russian sokol crude in a growing backlash against Moscow for its invasion of Ukraine, sources familiar with the matter said.

8Reliance Industries has sold natural gas produced from a coalfield in Madhya Pradesh for over $23 to firms, including GAIL, GSPC and Shell, but its price discovery was beaten by smaller explorer HOEC, which sold half of its sales volume for over $25.

8Norway’s Yara, a major producer and distributor of fertilizers, said on Friday it had halted all purchases from Russian companies and individuals affected by sanctions imposed earlier this week.

8A discussion document released March 4 follows a 2020 announcement that Canada would reduce emissions from synthetic fertilizers by 30 percent below 2020 levels by 2030 —the equivalent of four million tonnes of carbon dioxide.

Petrochem sources in Mumbai have reported a fall in CIIR grade 1240 price.

Palm kernel oil  prices were much higher in the Ahmedabad market today.

A sharp cut in palm wax prices was noticed in the Mumbai chemical market today.

Silane coupling agent grade LT570 prices registered a fall in the rubber market of Delhi.

Petrochem sources reported a significant rise in DOTP prices in the Delhi market.

On March 11, 2022, diethanolamine prices witnessed a recovery in the Mumbai chemical market.

A fall in acrylic acid prices in the domestic market of Mumbai was noted on March 11, 2022.

NPG prices in Ahmedabad are up today.

On March 11, 2022, Petrochem sources confirmed that MDI prices had slipped in the Ahmedabad market.

A significant rise in manganese oxide prices was reported in Delhi today.

Petrochem sources in Delhi have reported a steady trend in Oxygen-free copper rod prices.