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These are India's oil & gas companies
And the outlook is bullish about them
8Aegis Logistics
8BPCL
8Castrol India
8GAIL
8Gujarat Gas
8Gujarat State Petronet
8HPCL
8Indraprastha Gas
8IOC
8Mahanagar Gas
8MRPL
8Oil India
8ONGC
8Petronet LNG
8Reliance Industries

The general impression is that the green hydrogen business has taken off, after NTPC awarded a 5 MW electrolyser to Technip and GAIL and IOC have come out with tenders
8But the reality is much more complicated

The Shapoorji Pallonji-Bumi Armada FPSO deal for the KG-DWN-98/2 is one of the largest ever by ONGC.
8The FPSO day rate is fixed for 9 years at USD 609,200. And this is net of tax
8The contractors have been able to do financial closure with a total debt of $ 930 million in April 2021
8There are time overruns already
8Blaming the contractors would be an easy way out, ONGC will also need to walk that extra mile

Kandla Brownfield LPG Import Terminal Expansion Project
8Get an update here

Product pipelines in the South are never easy to build
8Product acquisition is a slow and tedious process
8Nowhere is that more evident as with BPCL's Irgugur-Davangonthi product pipeline
8When are RFQs expected?

Major contracts are being handed out for the Devangonthi product terminal
8The project cost has shot up
8And completion date now is in 2023

Are traditional Asian LNG contracts equipped to deal with extreme price and demand volatility?
8This is a question that is now increasingly been asked

The energy intensive tiles industry in India is worth Rs 27,000 crore
8Of this, Morbi, accounts for 65-70% of the country’s tile manufacturing capacity
8Morbi has switched to gas. What about the other centres
8Every gas supplier needs to know more than he does about the economics of this industry

This engineering consultant has begun a training programme in the oil & gas sector
8Some of the courses are good, a industry representative can consider participating in them

Carbon capture is not possible in India at this juncture
8That seems to be the conclusion as of now

8Pipeline maintenance has been taken to an entirely different level this time around by this oil company

Oil companies have reduced their performance security or security deposit to 3%
8But this was meant to be a limited time measure
8Has this relaxation been extended?

Another new LNG project coming up?
8Seems like

Mansukh Mandaviya chairs a high level meeting to make Atmanirbhar Bharat in Urea and DAP Production by using 'Green Hydogen'
8But for now, green hydrogen is more hot air than real action on the gorund

8BVFCL has introduced a new fertilizer product
8Know more

8Two Rock Phosphate Shipments are coming up on 16th January and 18th January 2022
8One Sulphuric Acid Shipment is reaching on 15th January 2022

8New tender out for DAP imports

8Sri Lanka is looking at getting a USD 500 million fuel credit line from India even as both sides are eyeing to further expand energy cooperation after signing an oil tank deal, people familiar with the development said on Friday.

8HDFC Securities has buy call on Oil India with a target price of Rs 236. The current market price of Oil India Ltd. is Rs 215.05. Time period given by analyst is six months when Oil India Ltd. price can reach defined target.

8Big fossil fuel firms and their allies are top spenders on Google ads and 1 in 4 ads on Google search results for 78 climate-related terms are placed by companies with interests in fossil fuels, new research has revealed.

8Oil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed by supply disruptions in Kazakhstan and Libya.

Styrene Monomer prices have moved lower at Kandla.

Cyclohexane prices are increasing in the Mumbai market.

Butyl acrylate monomer prices climbed higher at Hazira market today.