8Prices of Polyethylene Glycol 600 (PEG 600) have moved upward in the Mumbai chemical market
Read more8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals
Read more8Here's what's happening today in the E&P, midstream-downstream, and CGD section
Read moreONGC formalizes CEIL’s exclusive inspection role under new WRGLE contract
8A formal MoA signed in May 2025 cements Certification Engineers International Ltd. as the sole third-party inspection agency for ONGC’s wireline gas lift equipment procurement.
8This institutional shift brings all QA under CEIL's purview, embedding API 19G1/19G2 compliance across every component batch.
ONGC stretches PBG validity to 14 months post contract in Mehsana tender
8In a notable deviation from standard PSU norms, ONGC’s latest electrical servicing tender for its Mehsana rigs requires performance guarantees to remain valid for 14 months beyond contract expiry.
8The extended liability period raises fresh concerns over vendor cashflow and post-contract risk exposure.
MSME relaxations fully denied in ONGC’s latest gas processing tender
8In a clear departure from GeM norms, ONGC has disabled MSME exemptions for experience and turnover, effectively blocking smaller firms from participating in this high-value dual-asset contract.
Hot tapping without bypass raises execution risk in critical OIL job
8Oil India’s latest pipeline intervention tender mandates stoppling on a 600 rating line without providing a bypass.
8This pushes full containment responsibility onto the contractor, with no fallback flow path during execution.
Bid deadline for eastern offshore seismic survey now extended to 1 July
8Oil India has pushed the bid deadline for its ultra-deepwater 3D/2D seismic tender to 1 July 2025.
8The move may allow more vessel operators and geophysical majors to assess broader zone clauses introduced via Corrigendum 2.
Read moreSole-bid scenario raises procurement risk in Petronet’s hydrogen tender
8Only UOP India filed a bid for the PSA hydrogen unit in Dahej, raising cost visibility and vendor lock-in concerns under a tight licensor framework.
Vinod Fabricators lands Delhi LPG pipeline revamp with 37% price cut, raises risk concerns
8In a startling price divergence, Vinod Fabricators secured the IOCL Delhi LPG pipeline contract with a quote nearly Rs. 2.1 crore below the next contender and 37% below IOCL's estimate—triggering industry talk on margin stress and bid realism.
Elazra undercuts nearest rival by 12 % to win Rs.8.78 L HAZOP & QRA contract
8Elazra Corporation secured the HAZOP & QRA study for twenty WRPL stations with a bid of Rs.8.78 L, beating TUV India by 12 %. Such aggressive pricing—50 % below the next three valid bids—raises margin?viability and execution?risk questions.
Dutt Engicon bags ONGC Hazira slug catcher job with 40% bid edge; rivals price in risk
8A massive 74% spread separates L1 and L3 in the slug catcher health check tender at ONGC’s Hazira terminal. The outcome suggests aggressive undercutting by L1, even as others factored in risk exposure.
Read moreQCBS rigour tightens GAIL’s Hazira consultancy tender, puts spotlight on engineering credentials
8GAIL’s latest tender for Hazira hook-up consultancy pushes a tough QCBS regime. No EMD, but bidders must clear a 75% technical score, deliver site presentations, and clear documentary scrutiny — signaling a shift toward risk-averse vendor selection.
Pre-bid opacity clouds Himalayan pipeline survey call
8The promoters silence on ROW permissions may force bidders to pad costs or hedge against field access surprises across tougher sections of the pipeline
Hybrid sourcing matrix redefines compressor OEM qualification under Bina expansion
8BPCL’s decoking compressor tender under BPREP reworks supplier eligibility, allowing Indian subsidiaries to qualify via parent experience—but with layered conditions around testing, sourcing, and corporate guarantees.
8The shift boosts bidder access but exposes BPCL to wider interface risks.
BPCL GIS tender overhaul: Payment, CPBG, and ITC norms restructured
8The latest amendment to the Bina refinery's 220kV GIS package rewrites security deposit norms, Input Tax Credit obligations, and dispatch-linked payment rules.
8These changes, while introducing cost predictability for BPCL, raise risk and compliance load on bidders.
PFO clause tightened, solar scope expanded, penalties restructured in BPREP steam generation bid
8The extended BPCL steam generation tender now redefines PFO quality thresholds, mandates real-time solar integration, and applies stricter penalty frameworks—shifting risk toward bidders and potentially inflating cost estimates.
8Despite four deadline extensions, some emission-related contradictions remain unresolved.
Sixth deadline extension for Guwahati DM-polishing EPC bid raises bidder confidence questions
8A 6-time rollover of bid dates without any scope revision is highly atypical for IOCL EPC tenders. Contractors may be struggling to price risk under ambiguous terms or expect internal repricing exercises at the client end.
Read moreWhy do private CGD players trail behind JVs and PSUs in billed PNG connections? Despite aggressive bids, private firms clock just 14% of billed PNG market.
8Also, more than 60% of PNG connections are concentrated in five states, sidelining national parity goals.
8Further, 1.05 lakh PNG connections vs. 14.77 lakh target: Is the model breaking down and something more needs to be done?
845% of CNG stations bypass MWP targets—Is anyone watching the numbers? Over 3,600 stations were set up without targets. Has PNGRB lost regulatory grip?
8Also why despite being high-margin segments, commercial and industrial connections are not keeping pace with expansion.
Read more8Submission of brief profile of shri vikas singh, government nominee director appointed to the board [OIL]
8Board approval for appointment of government nominee director and promotion of executives to executive director level [OIL]
8Corrigendum: subscription of 6,000 equity shares in swan balu heavy industries pvt. ltd., an SPV formed for business venture [Swan]
8MoU signed between PNGRB and GIDM to strengthen safety and preparedness in india's oil & gas sector [PNGRB]
8City gas distribution (CGD) MIS report – april 2025 [PNGRB]
Read more8Intimation of annual general meeting and record date for dividend payment [UPL]
8Intimation of debenture allotment committee meeting for approval of Rs.300 crore NCD issuance on private placement basis [RCFL]
Read moreIt is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
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Read moreTalcher coal-to-urea project risks NPA tag as lenders freeze funding
8With physical progress at 67.06%, the Talcher Ammonia-Urea Brownfield Project now faces financial distress as banks halt disbursements due to a 3.5-year delay. The Rs. 16,000+ crore JV, led by GAIL, RCF, CIL, and FCIL, may slip into NPA status by July unless urgent capital support materializes.
Read more8Explore the latest bulk chemical prices from the Mumbai market, updated for today
8Stay informed with comprehensive insights into key commodities and trends
Read more8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals
Read more8Ten extensions later, India’s showcase tender is still hunting for its first taker. A leaner trading margin and “big-boys-only” entry barrier are meant to lure cash-rich majors—but the tariff freeze could keep even them on the fence.
8Net-worth bars and bulk guarantees now screen out smaller innovators. The government is betting that scale, not diversity, will save a stalled procurement.
8Splitting capacity across India looks clever on paper; in practice it piles on port, pipeline, and transport headaches that only a nationwide footprint can absorb.
8Fresh clauses trigger security forfeiture, daily damages, and fast-track termination for slippage. The stick just got heavier—but has the carrot kept pace?
8Audit-grade traceability of green electrons forces bidders to secure firm RE blocks upfront. Third-party, merchant-market strategies suddenly look shaky.
8With sales confined to Indian buyers, producers lose the upside of arbitrage into tight global markets, dulling the tender’s investment shine.
8Faster receivables ease working-capital strain, yet the margin cut to Rs 1.50/kg offsets the benefit for balance-sheet watchers.
8Thankfully, one promoter, one bid means that the anti-gaming clause kills the old playbook of parking multiple licences under ally firms.
8Interestingly, RE plants must prove readiness 30 days before ammonia goes live, squeezing schedule slack and heightening EPC-execution risk.
8After a parade of empty bid tables, the scheme’s credibility hangs on this “salvage” tweak set. Success could jump-start India’s green-nitrogen roadmap; failure exposes a design flaw at the heart of its hydrogen mission.
8The clock ticks to 30 June. The point is will anyone show up?
Read more8Here's what's happening today in the E&P, midstream-downstream, and CGD section
Read moreHPCL lays down layered PMC scope for CBG rollout across three states; frontloads execution risk on consultant
8The bid structure pushes consultants into a dual-role mode across DFR and PMC stages, with financial modeling, vendor shortlisting, and LEPCC tendering all bundled—tight timelines, high risk, and no scope separation for scale escalation.
Read more8With no fixed specs or procurement guarantee, IOCL’s open-ended EOI for a multipurpose coker pilot aims to crowdsource both ideas and vendors.
8And only Indian companies can participate
8But the absence of a structured post-EOI roadmap raises questions on visibility and vendor payoff.
Read more8Refiner’s latest tender covers 20 tanks, spanning over 1800 MT of steelwork, with complex scope involving heat tracing, mixers, and precision calibration.
8No price variation clause found—raising red flags for long-duration bidders.
8With heat tracing, calibration, and mixer installations bundled together, this is no ordinary tank job—compliance load is heavy upfront.
8Bidders face material cost volatility risk as EIL remains silent on escalation protection in this long-duration tankage scope.
8Flameproof panel supply comes with a triple certification burden—critical for timeline-sensitive delivery milestones.
8Residual engineering is part of contractor’s scope, demanding in-house tank design expertise—not just assembly capabilities.
Read moreOil India floats rare HF tender for Andaman offshore under call-out model
8OIL has issued a first-of-its-kind modular stimulation tender for hydraulic fracturing, acid treatment, and coil tubing operations in the Andaman basin.
8The 9-month call-out format marks a strategic departure from long-duration bundled contracts seen in more mature blocks.
8Mobilisation is split across design, fleet movement, and CTU/FPU activation with staggered 10/30/60/80-day windows from LOA and Mobilisation Notice.
8Any delay in one phase risks cascading penalties, heightening planning precision for contractors.
8Instead of job-wise billing, the scope uses a lumpsum contract value tied to performance across 3 wells.
8This shifts cost risk to the contractor, making estimation accuracy and resource bundling a key competitive edge.
IDMA Labs edges out global majors in ONGC’s lab monitoring bid
8A low-profile MSME firm has clinched a 3-year environment monitoring contract at ONGC’s Odalarevu terminal with a bid 28% below estimate—beating Bureau Veritas and ABC Techno Labs in a striking price upset.
Techno Fab secures ONGC’s Kakinada bulk plant contract with sub-Rs 90 lakh bid
8Techno Fab clinched the 3-year O&M contract for ONGC’s bulk handling facility at Rs 88.27 lakh, edging out logistics players with a sharply priced bid.
8The award reflects ONGC’s growing preference for cost-efficient, technically pre-qualified vendors under closed-bid formats.
8With L1 and L3 separated by over Rs 17 lakh, the award highlights the widening gap between cost-optimized MSMEs and traditional logistics vendors in ONGC’s upstream operations segment.
Top-tier OEMs and lean MSMEs face off in ONGC’s Mehsana instrumentation bid
8From global automation major Endress+Hauser to regional outfits like Dutt Engicon, ONGC’s Mehsana tender attracted a wide bidder base.
8Five cleared the technical cut, reflecting a balance between OEM-backed scale and MSME agility.
8Despite robust participation, four firms failed to meet ONGC’s tight qualification bar—highlighting stringent scrutiny even for low-to-medium complexity service contracts.
Jindal Drilling emerges sole qualified bidder in OIL’s Rajasthan mud logging bid
8Out of two participants, only Jindal Drilling met the technical criteria for the three-year dual-unit logging contract.
8The disqualification of OFI India points to OIL’s strict compliance filter under the updated GEM tendering framework.
8Oil Field Instrumentation India Pvt Ltd’s failure to qualify in a two-bidder race highlights the tender’s tight eligibility filters and possible documentation pitfalls.
High-spec rig tender scrapped after rigid terms draw limited traction
8ONGC has cancelled its 3-year HPHT jack-up rig tender despite early interest, with bidders deterred by inflexible specs like 7500 HP minimum power and NEBOSH-only safety certs—raising questions on feasibility in today’s cost environment.
Read moreSloppy work by ONGC: Pre-bid leads to full overhaul of technical and financial annexures in Tapti bid
8Amendment 4 replaces all core documents—ITB, GCC, Scope of Work, BEC, and pricing formats—implying deep rework post pre-bid.
8Such a complete reset is rare and indicates high bidder influence and low backroom work by ONGC. Halliburton, Schlumberger, Baker Hughes, and Weatherford have all joined the pre-bid for a high-spec 44-well campaign—signalling one of ONGC’s most globally contested offshore service packages this year.
ONGC extends Cambay mobile rig bid to June-end amid bidder recalibration
8The bid deadline for ONGC’s 3-year rig hire has been extended to 30 June 2025 via Corrigendum-3, giving contractors added time to restructure price strategies and align OEM schedules. ONGC’s amendment allows a three-week deadline extension but holds firm on minimum 750 HP spec, 2000m depth, and crewed rig mandates—ensuring no dilution in technical compliance.
ONGC inserts PMIS intern preference clause in CBHP O&M tender
8A late-stage GCC insertion mandates preference for ONGC-trained PMIS interns during hiring—potentially influencing bidder staffing strategy, cost control, and scoring during evaluation.
Extension opens breather for PS-9 bidders amid DGMS compliance rush
8With certified Competent Persons in short supply and calibrated test kits mandatory, the extension is expected to ease pressure on bidders grappling with factory act approvals and tight mobilisation schedules.
NELP offshore policy allocates Rs. 4.3 crore for 62 legacy well interventions across key basins
8Under its 2024–25 policy, the operator has budgeted over Rs. 4.3 crore for production restoration and monitoring across shut-in, plugged, and temporarily abandoned wells in Kakinada and Mumbai offshore blocks.
8With over 85% of this spend earmarked for a single asset, the move hints at prioritization of legacy production zones over frontier acreage.
Read moreThe project involves wet and dry crude processing at Naoholia, with pipeline links to existing facilities at Madhuban and Duliajan.
8The EAC is set to assess environmental safeguards for this nodal oil logistics hub.
8With its tank farm project in Dibrugarh now officially on the EAC’s agenda, Oil India moves closer to unlocking higher handling capacity for its crude oil flows across Assam's producing blocks.
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