What has happened to BHEL's EPC foray into oil & gas downstream projects?
8With power projects drying up, BHEL was looking at the downstream segment with much excitement.
8But is the enthusiasm waning?

EIL has made a maiden foray into the EPC space by putting in a bid for the Koyali refinery SRU project
8What kind of a chance does it stand to win the bid?
8Who are the other bidders?

8If you are looking at a long term schedule for deployment of rigs, there is a 14-rig requirement coming up

As the de-carbonization drive gains momentum, how does the refinery of the future looks like?
8Will lower consumption of transportation fuel, lead to the demise of the refinery?

8GAIL's Henry Hub-based contracts in India are likely to get more expensive in the coming months
8Even though they will stay well below spot prices

Despite the turmoil, LNG sales continue to move up
8The fact that the Indian market is highly price-sensitive is evident from the fact that we are one of the very few spots where LNG demand has come down
8The sensitivity comes from the fact that the crude equivalent of spot LNG price is $180, higher by $100 from current crude prices
8Henry Hub to JKM price arbitrage can still provide a profit of a massive $120 million a cargo load
8The prediction now is that LNG prices will come down from their present highs but they will stay tight till the summer of 2023
8Lack of ships and high arbitrage have driven up LNG shipping rates as well

This fertilizer company is going into backward integration.
8It is setting up a Rs 400 crore sulphuric acid plant

SSP/NPK Greenfield Project
8Cost:70 Cr.
8Project Event: Still, feasibility studies are ongoing, The company is planning to submit the proposal for the environmental clearance in January 2022 in place of November 2021, due to the delay in the feasibility study. RFQ for the contractor is likely to be released after the clearance
Single/Triple Super Phosphate Greenfield Project
8Cost: 25 Cr.
8Project Event: The proposal has been submitted for environmental clearance, RFQ for a local contractor is likely to be released in February 2022.

8One Sulphuric Acid Shipment is reaching on 20th November 2021
8One Phosphoric Acid Shipment is coming up on 22nd November 2021
8One Rock Phosphate Shipment is coming up on 23rd November 2021

8The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases.

8India's Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Hardeep Singh Puri, will address global investors at a round table on Wednesday at the India Pavilion of Dubai 2020 Expo to spell out the government's strategies for accelerating investments in the oil and gas sector.

8Abu Dhabi National Oil Co. announced Nov. 16 that it will acquire up to $6 billion of drilling equipment as it targets a 25% boost in crude oil production capacity to 5 million b/d by 2030.

8Crude oil futures were higher in midmorning trade in Asia Nov. 16, rallying from 10-day lows as investor sentiment recovers and the near-term outlook for prices remained bullish.

8Elevated prices of fertilisers along with shortage of Di-Ammonium Phosphate (DAP) are likely to result in lower usage of the fertilisers in FY22, India Ratings and Research said.

8The science is clear. For a chance to keep global warming within 1.5º C as stated in the Paris Agreement, global emissions have to nearly halve by 2030, compared to 2010 levels, before reaching net zero by 2050.

High ethyl acetate prices were recorded in Ahmedabad today.

Market sources reported a marginal fall in methanol prices in Kolkata today.

Acetone prices were quoted lower in the Mumbai chemical market today.

A cut in C9 solvent (domestic repack) prices has been noted in Chennai today.

Petrochem sources have reported a fall in formaldehyde prices in the Kolkata market.

Petrochem sources reported a significant fall in styrene monomer prices in the Chennai market.

Acetic acid prices witnessed a huge fall in the Mumbai market today.

On November 17, 2021, the Hazira market witnessed a rise in butyl acrylate monomer prices.

Propylene glycol prices registered a sharp fall in the imported market of Kandla. 

An increase in ethyl acetate prices has been noted in Mumbai today.