Rossari Biotech Limited: has announced acquisition of Unitop Chemicals Pvt. Ltd. at a valuation of Rs. 421 crore.
8Rossari is a speciality chemical manufacturer, with some 2000 products under its belt, while Unitop manufactures surfactants, emulsifiers and speciality chemicals, mainly catering to the agrochemicals, and oil and gas sectors
8And it looks like Rossari has the appetite for it

8Amines and Plasticizers Ltd started off by manufacturing plasticizers used in polyvinyl chloride (PVC), which derives its ultimate application in the plastic industry
8APL diversified its product profile, producing organic and inorganic chemical compounds like ethanolamines, alkyl alkanolamines, plasticizers, morpholine, alkyl morpholines and gas treating solvents (mainly methyl diethanolamine) and morpholine oxide, which are used in oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals, textile, oilfield chemicals, cosmetics and the agrochemical industry
8Find out how the company is doing now

8Tatva Chintan Pharma Chem Ltd is a diverse chemical manufacturer
8And it is coming out with a public issue at a price band over Rs 1000
Find out more

8Qatar has one of the largest reserves of gas in the world and it is the largest supplier of LNG in the world
8And no wonder therefore that it has king sized plans
8Its capex for the years 2021-25 is a gigantic $85 billion

Change orders are a frequent requirement in the E&P sector unlike in the well-defined midstream or downstream segments.
8But the problem is in the processing of change orders, because it is a change from what was decided in the tender, the approval process for payments is long and tedious
8Solutions have been proffered and change in rules may well be around the corner

8Get a complete roundup of petrochemical price movement today, across all products and all markets
8Find out which prices have changed

ONGC acting CMD Subhash Kumar was found to be surprisingly flexible when addressing worries of equipment and service suppliers in a recent interaction.
8He also took some quick decisions

COVID-19 have led to a lot of complications for equipment and service providers of ONGC
Find out what ONGC's official response is to
8Include pandemics under Force Majeure
8Last four years balance sheet should be given more emphasis than the latest balance sheet
8Since imports from China are banned, API requirement for non-Chinese plants from where equipment could be shipped should be relaxed
8Statutory quarantine under COVID should be treated as "change in law"

8EPC major Sapura came in for sharp public rebuke from ONGC for work relating to the offshore processing platform for KG-DWN block
Find out more

Get the latest update on ONGC's four Multi-Support Support Vessels (MSVs) requirements.
8Find out about the bidders

The shipping industry is getting special attention of the government
8Indian flagged vessels will be supported and even subsidized when looking for business
8Also, seafarers will be supported

8France's TotalEnergies said July 15 its average realized sales price for equity LNG in the second quarter of 2021 was at $6.59/MMBtu, its highest realized price since Q1 2019.

8Oil prices declined on Wednesday after data showed a drop in China's half-year crude imports while expectations for a further tightening of U.S. inventories offered support.

8The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures.

8Get the June outlook on the Indian economy

8The newly constructed AIIMS and a fertiliser factory in Gorakhpur will be inaugurated by Prime Minister Narendra Modi by October this year, chief minister Yogi Adityanath announced during a visit to the city on Wednesday.

8Coromandel International rose 1.45% to Rs 889.40 after credit rating agency, CRISIL on 12 July 2021, reaffirmed their rating on the debt programme of the company with an outlook for loan term bank loan facilities revised to 'Positive' from 'Stable.'

8NTPC Renewable Energy Ltd has signed a MoU with Union Territrory of Ladakh to set up Indian's first Green Hydrogen Mobility Project
8The agreement will help Ladakh to develop a carbon-free economy

8IFFCO Kisan's move is being seen with much interest by the fertilizer community
8The company has plans to set up 7 Farmer Producer Organisation (FPOs) in Gujarat in association with NABARD and NCDC

IGX has not reported much business ever since it went operational.
8Volumes are very low
8But there is one claim to fame: that deal prices are lower than spot and long term LNG prices

After a lot of dithering, this new ammonia-urea plant is coming up
8An extra 2.4 mmscmd of gas will be needed
8RFQs will hopefully, start flying out within this year
8The price tag has gone up to Rs 8000 crore, according to our analyst

A lot of urea is coming into India right now
8In Kandla, a 55,000 RCF cargo had been unloaded two days ago, it was sourced out of Oman
8Then again, 44,000 toone urea was unloaded on the 13th at Kandla from Tiangin
8IFFCO too had a 65,000 tonne cargo that was unloaded at Mundra, beginning 11th of July
8There are many other cargoes lined up too

Work seems to be kicking off in the E&P side with oil and gas prices ruling high
8Here is a private operator with four fields looking for contractors

A total of 5.7 million of crude cargoes are tracked by our database as of yesterday.
8Of this 1.15 million is to get processed at Paradip for IOC's refinery
The crude is coming from:
-Ras Tanura
-Zirku Island
-Bonny
-Zhoushan
-Guyancourt
-Basrah

After a long wait, IOC is brining in an LNG cargo at Ennore
81.40 lakh cubic tonnes if being brought in by the vessel, Maran Gas
8The cargo will be unloaded on the 30th of July
Get the latest update on LNG imports into India