8On June 6, 2025, the Delhi chemical market recorded a modest yet notable down in Polyethylene Glycol 400 (PEG 400) prices, driven by a blend of local demand-supply imbalances and global cost pressures

Shell does not want to be left behind when it comes to a deal with ONGC
8What kind of prices can we expect?
8It is angling for a similar deal as BP

8In the latest development within the Mumbai chemical market, the price of mancozeb, a widely used agricultural fungicide, has increased

8Aggressive undercutting had dragged rates down to an abysmal $35,000/day
8But the company says this was an anomaly and expects recovery in upcoming ONGC tenders
Find out what kind of rates the company expects

8Carbendazim prices were quoted lower in the Mumbai market today

Despite authorizations touching 34,233 km, only 25,429 km of gas pipelines are operational. Regulatory data shows delays and ground-level deviations slowing India’s gas grid rollout.
8While common carrier lines form the bulk of India’s network, over 780 km are now dedicated lines, quietly catering to captive and commercial users through tailored gas delivery.
8Projects like the Mehsana–Bathinda (GIGL) and Mallavaram–Bhopal–Vijaipur (GITL) pipelines remain incomplete 14 years after authorization. A deeper crisis of execution may be at play
8With 565 km operational and 550 km under construction, sub-transmission networks remain a weak link—especially in northern and eastern India, where CGD support infrastructure is still minimal.
8At least five under-construction tie-ins are now dedicated to LNG evacuation from emerging terminals like Swan, Karaikal, and Petronet expansion zones—indicating a private LNG-led build-out push
8The flagship GAIL-led Kochi-Koottanad-Bangalore-Mangalore and Dabhol-Bangalore trunk pipelines continue to miss targets, with large under-construction stretches remaining in Kerala and Karnataka.
Operational and dedicated gas pipeline listings show surprising new entrants—Torrent Gas, DFPCL, and even Maharaj Soaps—pushing private gas logistics at select industrial sites

8New design philosophy clauses mandate AVEVA E3D or PDMS with 3D model-driven GA drawings and clash checks
8Plot rearrangement swaps cooling tower and ETP pond locations, changes RWTP size, and color codes LSTK-specific road scopes. Yet tie-in points remain unfrozen — leaving layout fluidity unresolved
8Despite repeated bidder queries on whether flare systems will be shared or standalone, PMC’s response remains ambiguous. A vital integration decision is still deferred
8New bidder declaration formats for domestic value addition shift risk of compliance verification to contractor
8New scope also raises precision and workload expectations for engineering teams

8Density range tightening may force bidders to revisit bulk handling systems
8Downstream equipment like prilling towers and silos may now face load recalculations
8Another change imposes E3D/PDMS usage with strict geometry classification. Lack of model validation protocol, however, could still leave room for interpretation
8New declaration forms issued for domestic steel use may trigger sourcing realignment for bidders using imported alloys
8With tiered 3D accuracy mandates and software specifications, PDIL seems to be steering LSTK-4 into post-construction digital integration era
8Four technical/commercial updates in under 10 days point to a deliberate mid-cycle reset—possibly due to internal design revalidation

This private E&P company raises Rs 500 crore
8This is for a a multi-field, multi-basin ramp-up backed by development plans, PMLs, ECs, and strategic infrastructure

A private homegrown chemical company is on a Rs 3500 crore investment foray
8Surely oil & gas PMCs and EPCs will be interested?

Pressure Vessel Purge: Toyo’s strategic blacklisting shakes market
8Financially fragile or performance-challenged fabricators find themselves ousted, reshaping procurement dynamics.
8Conflict wall holds: BPCL-Toyo names advisors despite bidder pushback
Likely under pressure from PMC Toyo, BPCL formally discloses EIL, McKinsey, KBC, and Univation as conflict-linked
It did so by rejecting contractor demands for clause dilution.
83D model declared non-binding: Toyo draws legal line early
In a first-layer disclaimer, the PMC disowns the 3D reference model as a contract basis
This shields BPCL and Toyo from post-award design liability

These firms will soon qualify for an extremely elite energy club that will do deals worth thousands of crores in one go
Never before have the selection criteria been more selective
8Deloitte India
8PwC India
8Ernst & Young (EY) India
8KPMG India
8Alvarez & Marsal India
8SMC Capitals Ltd.
Find out more

8EIL's invite-only tender model draws just three players for the CRZ study of BPCL’s Ramayapatnam mega-refinery.
8With no pre-bid meeting or detailed clarification, bidders are left to assume critical baseline data requirements—posing compliance risks down the line.

Oil India launches rare call for UBD consultancy in mature basins, aiming to cut NPT and revive aging well economics.
8With no reference to candidate well logs or zones, bidders may face hurdles in delivering credible UBD projections.
8If successful, this initiative could become a precedent for non-conventional drilling models across Indian onshore assets.

8Who says investing in India's oil & gas infrastructure is a bad idea for foreign companies ?
8Look at this one, it elicited a massive 270 per cent gain in valuation

1. OIL’s Deepwater Dreams Begin with Total and Petrobras on Board
8Backroom alliances with TotalEnergies and Petrobras mark Oil India’s pivot to ultra-deepwater exploration in OALP-IX and X—raising the stakes for India’s most geologically ambitious drilling campaign yet.
2. Flare No More: OIL Evacuates Stranded Arunachal Gas at Rs 6.5+/MMBTU
8Gas once flared at Kumchai is now monetized—thanks to new compressor stations and evacuation lines—ushering in both revenue and carbon offset gains.
3. One Pipeline, Two Strategies: Duliajan Feeder Line Rerouted to Save Rs 780 Cr
8Oil India reroutes its gas pipeline to skip Brahmaputra crossing, cutting one year of delay and Rs 780 crore in cost—quietly redefining gas infrastructure strategy in Assam.
4. Refinery First, Crude Later: Numaligarh Set to Commission Before Supply Line Completes
8The 9-MMTPA NRL expansion is on track for December 2025, but the 1,640-km Paradip crude line may cut it close—testing OIL’s execution choreography.
5. Mozambique LNG Eyes July Restart—Can the $1.8 Bn Bet Finally Pay?
8OIL’s biggest overseas investment inches toward revival as Total hints at restart this July—investors await a long-stalled dividend stream to flow.
6. NRL’s Polypropylene Bet Bucks the Downcycle—14.5% IRR Claimed
8At Rs 7,200 crore, OIL’s new PP plant stakes a claim to downstream value—despite global price headwinds and skepticism over standalone viability.
7. 75+ Wells, But No Wild Gambles: OIL’s Drilling Mix Tells a Conservative Tale
8While the company plans to drill over 75 wells this year, only 10–11 are truly exploratory—highlighting a risk-averse, production-first philosophy.
8. Diverging Fortunes: Standalone PAT Outpaces Consolidated as Overseas Ops Drag
8Despite robust domestic earnings, Oil India’s overseas subsidiaries weighed down consolidated PAT—pointing to structural volatility in its global portfolio.
9. Green Without Going Global—OIL Puts 5 GW Renewable Ambition Entirely on India
8Despite being active in 7 countries, OIL’s renewable roadmap to 2040 remains purely domestic—suggesting a cautious approach to energy transition risks abroad.
10. 20% of OIL’s Gas Output May Now Qualify for Premium Pricing
8CMD confirms up to 25% of OIL’s gas may meet ‘new well’ criteria under the Parikh formula—unlocking premium pricing amidst a bullish gas outlook.
11. 1 Lakh Cr Ambition, Quietly Confirmed: CMD Endorses Hidden Revenue Target
8CMD Ranjit Rath tacitly affirms that Oil India + NRL are chasing a Rs 2 lakh crore topline by 2030—a vision internalized across boardrooms.
12. Excise Windfall Secured: Northeast Refinery Benefits Have No Sunset Clause
8Contrary to industry expectations, CMD confirms excise duty exemptions for NRL will continue indefinitely—shielding GRMs and bolstering margins.
  

Semac is a desi diving vessel and marine logistics company with an impressive global footprint. And a lot is going on with it
8After months of downtime and visa delays, the Swordfish has been chartered by Aramco at a fixed rate for 730 days, signaling a long-term foothold in the Gulf’s saturated diving support segment.
8With all vessels deployed and no idle capacity, Seamec fast-tracks fleet expansion through a new MSV purchase—financed via internal accruals and debt—to meet a confirmed 4–5 year offshore contract.
8Despite UAE arm turning profitable, depreciation and interest costs from the UK unit continue to drag consolidated profits—pushes cash-positivity to FY26–27
8Seamec’s two-season alliance with Porsche Subsea and L&T concludes, with revenue fully recognized. The team now enters PRP-VIII—smaller, but strategic in keeping ageing assets productive.
8Despite rising O&M costs, three of Seamec’s oldest vessels remain operational. Company confirms no scrapping planned unless margins collapse.
8Investments in UK operations yield no immediate cash; losses tied to non-cash depreciation and interest on capex. Strategy being “re-evaluated.”
8Saudi Arabia’s visa ban for South Asians during Haj month stranded Seamec Swordfish at port in April, derailing initial March charter plans.
8All operational vessels now on 2–5 year charters; only Seamec Barge remains on scheduled off-hire during monsoons. Dry dock maintenance expected to cause minor revenue dips mid-year.
8Unlike drilling rigs tied to oil price swings, Seamec’s post-discovery MSV operations enjoy fixed charter stability—ensuring predictable returns even in downcycles.
8Seamec launches Searete India IFSC Pvt Ltd, a JV with Arete Shipping DMCC, to buy and charter bulk carriers. The venture is asset-backed and expected to generate rental income from year one.
8With tonnage tax shielding most shipping income, Seamec’s sudden tax spike arose from profits on its non-qualifying barge and income from interest and mutual fund gains.
8The long-promised transfer of HAL’s vessel Seamec Anant to Seamec Ltd is still under process. Seamec aims to consolidate ONGC contracts under its own banner during renewals.

8Vedanta has allotted Rs 5,000 crore in unsecured, listed NCDs across three series
8The allotment was approved by its Committee of Directors
8And this move supports the company’s strategic financing via private placement

8Antioxidant Grade 4020 has witnessed a price increase of Rs.3/kg in the Ahmedabad market

8Delhi, June 5, 2025 — The price of Silicone Oil (Grade L.K) has increased by Rs.3 per kilogram in the Delhi market

8The price of Carbon Black grade N220, produced by Philips, has seen a decline of Rs.3/kg in the Delhi market

8Pure Acrylic Emulsion (Grade 55%) prices in the Mumbai chemical market are witnessing a rise this week after a significant drop, ending a period of stagnation

8A surge in demand has pushed LDPE (16MA400) prices up in Kanpur

8Today, the Hyderabad market saw LLDPE (F19010) prices going up

8Prices of Polyethylene Glycol 600 (PEG 600) have moved upward in the Mumbai chemical market