8Oilex recommences production in India

Now that a quorum is in place, the PNGRB is taking active decisions
8And its baring its teeth too by cancelling authorizations given earlier
8This no-nonsense approach will go a long way in energizing the sector or forcing others to pull up their socks or even call it quits
8The CGD segment is going through a dilemma, as concessional gas runs out. Is it worth spending hundreds of crores of rupees on infrastructure when some of it may go unused or under used?
8As the PNGRB is unlikely to go easy on truant players, is it prudent for some of them to pay up the penalty and wind up? It is better to do it now than later?

The India Electricity Exchange, the sister outfit of India Gas Exchange, had to modify its shareholding pattern after regulatory orders
8The exchange has sought extra time now to fulfil the obligations
8And the amount of time sought by the IEX was not granted
8Some other prayers too were made by IEX on which the regulator had a different opinion.
8Is the PNGRB doing a similar due diligence on IGX?

8Another vaulted western Research on Energy and Clean Air (CREA), which dubs itself as an independent research organisation focused on revealing the trends, causes, and health impacts, as well as the solutions to air pollution has gone political over the war in Ukraine

Acetone prices in the Kandla market registered a fall today.

On April 29, 2022, Petrochem sources reported a fall in MIBK prices in the Kandla chemical market. 

Petrochem sources reported a significant fall in MEG prices in the Mumbai market.

Rs 5000 crore thermal power expansion project
8Construction is on, around 85% is done
8But there are some contracts still to come up
8Find out which ones are they
Rs 1200 crore hydel project: Lot of contractors involved
Preparation of tender is in progress for the civil works package(lot-1) and technical specifications are yet to be finalized.
8Further bids are expected soon.
8Know more, including key contacts
Rs 290 crore transmission project: RFQs ahead
8Acquisition of land has been completed, other clearances are also elicited
8And stringing work is yet to start
8Some RFQs are ahead

The construction of the Barauni-Guwahati green field pipeline is on
8Get the full list of contractors here; there can be business opportunities still from them.
8Also, the commissioning date has been revised twice
8It was meant to have been commissioned last year, but completion not going to happen anytime soon

8One of our analyst has given an update on the Chhara Lothanpur pipeline
8Get an update here
(She is a new analyst, very hardworking and competent, and we are encouraging her to file her reports even if there are some gaps here and there)

What is really going with the Rs 6000 crore each Barauni and Sindri fertilizer plants?
8When exactly are they likely to be commissioned?
What does the reading from the ground say?

On April 29, 2022, Petrochem sources confirmed that C9 Solvent prices have sharply fallen in Mumbai.

8What kind of policy response is needed at the granular level by different countries, including India, to achieve climate goals

8India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand, four sources told Reuters, a move set to benefit global prices of the fuel, already running high because of war in Ukraine.

8On March 28, 2022, an extremely important and unstarred question was asked by Priyanka Chaturvedi, member, Rajya Sabha, which was replied to by Pralhad Joshi, Union minister of coal.

8Bio-gas is now under the coverage of MGNREGA Act

Ammonia-Urea Greenfield Project
8Cost:5500 Cr.
8Project Event: The project is still on hold, due to a lack of funds, the project is likely to be active in Q2 FY 2022-2023, and RFQ for the EIA consultant is likely to be released in Q2 FY 2022-2023.
Urea (Granular) and Captive Power Unit Expansion Project
8Cost:90 Cr.
8Project Event: The project is still on hold, It is likely to be activated in Q2 FY 2022-2023, Paradeep Phosphate Limited has been brought to Zuari 's Goa unit, The business transfer agreement has been completed in August 2021. RFQ for the EPC contractor is likely to be released in Q2 FY 2022-2023

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8LNG
8Fertilizers
8LPG
8Ammonia

8India has asked state-run energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said.

8The Delhi government has expressed concern over the possible shortage of coal in the power plants that supply electricity to the national capital.

8At a time when the world is trying to look away from coal towards renewable energy to achieve “net zero” emission levels, the World Coal Association (WCA) has stressed that it is possible by considering the energy trilemma — security, sustainability, and affordability — in coal equation. Chief executive officer of WCA Michelle Manook, who was at the NTPC coal mining headquarters here on Monday to attend a discussion on ‘Future of Coal’, said the world needs coal as it is the affordable choice for energy in many markets and the only viable choice for critical industries.

A small cut in isophthalic acid prices was recorded today in Mumbai.

Styrene ethylene butylene styrene grade 7551 prices have moved significantly higher today in Delhi. 

Petrochem sources have reported a significant lift in bright aluminum wire prices in the Mumbai market today.

On April 29, 2022, Petrochem sources reported a fall in Zinc oxide prices in the Mumbai metal market.