News & Bulletin Updates

Vedanta's Anil Agarwal may have put a price tag of $11-12 billion on the takeover of BPCL.
8But both RIL and Nayara Energy, the two big private sector players, are learning the hard way that life is not that simple in the refinery business in India.
8Both of them are reviewing some aspects of their India plans

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8Indian state-controlled refiners are getting their requested term crude volumes from Saudi Arabia's state-controlled Saudi Aramco for February loading.

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8Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion.

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Is there really a need for fresh LNG capacity at a time when all but two terminals have a reasonable number of cargoes to process?
8But there are those who think this is as good a time as any

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8The PNGRB is planning to have tighter monitoring of of India's gas pipelines
8It remains unknown why this exercise took so long to do, but now the regulator wants a first-hand glimpse of the pipelines on its own rather than depend on the owners

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ONGC's offshore drilling rig tenders no doubt have the attention of all global rig suppliers.
8Find who they were, and do all of them have India representatives?
8And why is it that only a small sub-section of them end up bidding in the E&P major's tenders?

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Urea Expansion Project
8Cost
: 52 Cr.
8Project Event
The proposal for the term of reference has been granted and a proposal for the environmental clearance has been submitted. RFQ for the LSTK contractor is likely to be released at the end of March 2022.

Ammonia Brownfield Project
8Cost
: 250 Cr.
8Project Event
The project is in the initial phase and the discussion is ongoing, Project activities are still on hold. RFQ for the Environmental Impact Assessment consultant is likely to be released in Q1 2022-2023

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Jan 17, 2022: LNG news

8Shell Hazira LNG terminal has been running dry and it has been quite a few days that the website has not been able to document an arrival or a likely arrival of cargo
8A new director has been appointed in Petronet LNG Ltd

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Jan 17, 2022: Daily import prices

8One Rock Phosphate Shipments is coming up on 22nd of January 2022
8One Urea Shipment is reaching on 17th January 2022
8One Ammonia Shipment is coming up on 18th January 2022

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8A requirement for sulphur is coming up

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8There is a tender out for supply of natural gas
8The last date for submission of bids is 21st of January 2022

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8Here is one company wanting to pick up more city compost

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Jan 17, 2022: Tender out

8There is a tender ongoing for supply of APS and NPK in bulk
8The last date for submission of bids is 24th of January 2022

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8State Minister V Prashant Reddy on Friday criticised the Centre for 'anti-farmer' policies.

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Stearic acid prices are picking up in the Mumbai market.

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Prices for Caprolactam have risen in Delhi.

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A sharp fall in polymeric MDI prices was noticed in the Ahmedabad chemical market today. 

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A cut in PBR prices has been announced in Delhi today.

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On January 17, 2022 PBR grade 1220 prices were assessed lower in the Delhi market.

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Prices for EPDM grade 6405 have fallen in Ahmedabad.

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Pure Polyester Spun Yarn grade Ring spinning R30S (Knitting) were assessed higher in the Ahmedabad market today.

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Pure polyester yarn grade T21S remained low in Mumbai today.

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On January 17, 2022 Nylon prices were higher in Delhi.

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On January 17, 2022 strong buying trends lifted Nylon prices higher in Mumbai.

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On Jan 17, 2022, dichloropropane prices fell in the Delhi domestic market.

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