BHEL had placed drilling rigs at Indian E&P assets once but foreign-made drilling rigs had since been on the ascendency.
8So credit goes to Megha Engineering and Infrastructures Ltd for new generation indigenous rigs, the first of which is under drilling in Gujarat.
8The company has orders to supply up to 47 rigs of different combinations to ONGC under a Rs 6000 crore order
8Get the first pictures of Megha's rig deployment

It was initially dismissed as just a letter from a chief minister who wanted political capital when he suggested that ONGC’s North Eastern assets should be merged with that of Oil India Ltd.
8But now it seems there is more to it than meets the eye

The plan to set up LNG retail stations all over the country has suffered a serious setback
8Also, the fate of free-flowing virtual pipeline networks hang in balance

8The fervor to set up green hydrogen projects has gained momentum
8Here is an oil & gas company willing to try its hand out

Energy Saving-cum- Ammonia-Urea Expansion Project
8Cost - Rs 540 crore
8Project Event: Critical equipment purchase has been completed, all the equipment has been reached the site, 53 % of construction work has been completed, the erection work of different equipment is ongoing. The project is likely to be commissioned in June 2022 in place of December 2021, due to the impact of Covid.
Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost - Rs 1800 crore
8Project Event: The Company is in the process of discussions with Phosphoric Acid Process Licensors for the supply of Basic Engineering Package based on which the company proposes to execute the project on an EPC basis. Still,  discussion is ongoing for finalization, It is likely to be finalized in October 2021. The company has already achieved an NoC from GPCB for execution. The RFQ for the EPC contractor is likely to be released in Q3-4 FY 2021.

8Work is on in the Jaya field in Cambay by Cairn India
8RFQs are active

8There are job vacancies in the oil & gas sector

8Khaitan Chemicals and Fertilizers Limited is into the manufacturing of Single Super Phosphate Fertilisers, Sulphuric Acid and its variants.
8Get the latest updates about the company

8GAIL has a new director of finance

8Get an update on the global phosphate fertilizers market
8Know more

8PetroChina aims to have oil, gas and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts toward a lower-carbon future.

8Oil prices rose on Friday, on track to post big gains for the week, on worries about near term supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast to hit on the weekend.

8Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India's biggest privatisation showed.

8DCM Shriram Ltd on Wednesday said it has appointed Sandeep Girotra as President and Chief Human Resources Officer (CHRO).

8According to Union Ministry of Statistics and Programme Implementation, India produced 15,311 petajoules of energy in 2020 of which 81% was derived from fossil fuels such as coal, oil, and natural gas.

MEK prices are rapidly increasing.

On August 26, 2021, trading sources reported a fall in benzene prices in the Mumbai chemical market.

On August 27, 2021 Naphtha prices registered a downward movement in NW Europe while moving up in Japan owing to fluctuation in the markets.

On August 27, 2021 ABS prices were reported to be unchanged for South Korea, FE Asia, South East Asia, India and NW Europe due to steady demand patterns in the region.

The international crude oil price of Indian Basket was quoted at around $70.33 per barrel on August 27, 2021.

Ethylene Dichloride prices have been revised at Pipavav.

Strong buying sentiments have raised ethyl acetate prices at Ex-Satyam.

On August 27, 2021, Petrochem sources reported a fall in propylene glycol prices in the imported market of Kandla. 

A revision in styrene monomer prices has been announced at Hazira.

A fall in cyclohexane prices in the imported market of Mumbai was noted on August 27, 2021.