News & Bulletin Updates

8This E&P operator is looking for a PMC for its oil field work, and it seems to have a lot of work

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8A reasonable sized pilot offshore project is now certain to come up
8Feasibility reports are on, and there is commitment to set it up

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Know more on how new-tech mobile technology can be a game changer for the oil & gad industry
8And many segments of the industry can get involved

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Nano Urea Greenfield Project
8Cost: 190Cr.
8Project Event: Environmental clearance is under process and internal discussion is ongoing, RFQ for the equipment and services is likely to be released in February 2022.
Ammonia-Urea Energy Saving Project
8Cost: 250 Cr.
8Project Event: Feasibility studies are still ongoing, which is likely to be completed in January 2021,  RFQ for the LSTK contractor is likely to be re-released in February 2022

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The nascent Ministry of Cooperation is trying very hard to stand on its feet
8And it is on a recruitment drive, and you can apply too, even if you are retired

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The new PESB chairman is bringing about a step-change in PSU appointments
8And it is also showing in the fertilizer sector

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8IOC more than Petronet LNG Ltd or ONGC Videsh is on the look out to invest in an overseas LNG project
Find out how far it is willing to go

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8Maire Tecnimont has been awarded three EPC contracts
8The contracts are worth USD 3.5 billion
8Know more

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8Get the official document on allocations made for the fertilizer sector in 2021-22

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Dec 06, 2021: Daily import prices

8One Urea Shipment has reached on 4th December 2021
8One Ammonia Shipment has reached on 5th December 2021
8Three Phosphoric Acid Shipments will reach on the 8th,10th and 15th of December 2021

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8Rakesh Kumar Jain has joined the board of state-run gas utility GAIL (India) as director (finance) at a time the company management is steering its way through gas market transition and price volatility, which requires deft financial management.

 

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8Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL).

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8Concerns over new Covid-19 variant Omicron, as well as continued foreign fund outflows, will keep Indian rupee subdued during the upcoming week.

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8On November 11, at the recently concluded UN Climate Change Conference (COP 26) in Glasgow, the Beyond Oil and Gas Alliance (BOGA) was launched: a diplomatic initiative led by Denmark and Costa Rica to bring together ambitious governments committed to phasing out oil and gas production. In the aftermath of COP 26, India has been singled out for its resistance to international pressure on coal. But what stance would India adopt on the new oil and gas focused alliance?

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8Talks next week between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will be dominated by energy and defence issues, the Kremlin said on Friday.

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8Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.

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8The UAE's Abu Dhabi National Oil Co. has signed an agreement with French major TotalEnergies to explore joint collaboration in carbon capture and storage and low-carbon hydrogen as OPEC's third biggest oil producer seeks to meet its net zero emissions pledge by 2050.

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8U.S. natural gas futures were down for the fourth session on Thursday, quickly tumbling into a bear market as bullish bets evaporate on mild weather. Sentiment in U.S. natgas markets feels a lot like 2018/19 when the so-called 'widowmaker' spread widened then quickly tightened, leading to the blowup of at least one commodity firm on a wrong way spread trade.

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A fall in phthalic anhydride  prices in the imported market of Chennai was noted on December 6, 2021.

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On December 6, 2021, the Kolkata market witnessed a fall in dibutyl phthalate prices.

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A fall in MMA prices in the domestic market of Kandla was noted on December 6, 2021.

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Butyl acetate prices have been revised at Hazira.

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Market sources reported a cut in VAM prices at Kandla today.

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High benzene prices were recorded at Vizag today.

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Prices for NBA are cut at Hazira.

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