8Oil India Ltd (OIL) has taken a surprise decision on the purchase of 2000-tonne onland rigs
Know more

8Megha Engineering is going through the process of vendor selection for the raft of downstream projects that it has acquired recently as a new bidder
8Find out what the experience has been of some of the bidders in dealing with the Megha team

NR Patel and Co is the EPC contractor for the grass root terminal at Malkapur
8But commissioning timelines next year will be delayed further
Find out whether business opportunities are available in this project

A ranking of key production parameters for E&P blocks based on latest data has been carried out
Among the blocks which rank on the top five are
8Tripura asset ONGC
8Lohar field of Selan
8ONGC's Cambay asset
8Kharijisan of Selan
8CB-ONN-2004/1 of ONGC
Get the full ranking of all blocks here

A new breed of  floating storage regasification units (FSRUs) are coming into play now, that will make shore-based terminals look much more expensive
8Fuel consumption and CO emissions of new generation FSRUs can be reduced by 50 per cent at maximum rated regas flow rate compared to conventional existing FSRUs, a new demonstration test found

8An on-site LPG extraction unit is getting set up in an E&P complex

8There has been shipments of blue ammonia
8And there has also been a shipment of carbon-neutral LNG cargo
8And lots of companies are now eyeing hydrogen and ammonia plants

8Even as AG&P keeps on Karaikal LNG project on hold, it seems to be aggressive in setting up such units elsewhere

The fertilizer industry is the biggest consumer of gas in India.
8Each ammonia-urea unit consumes a whopping 2.4 mmscmd of gas, equal to one cargo of LNG per month.
8Gas accounts for 70% of the cost of fertilizers and 90% of the variable cost
8The pool price of fertilizers has gone up by as much as Rs 189/mmbtu over the last six months
8This translates into an increase in cost of production of urea by Rs.4400 per MT. For domestic urea industry, not only the prices of imported gas have gone up, but heavy taxation has further pushed up the delivered cost of gas
Read to understand the woes of the fertilizer industry

8ADNOC and Fertiglobe have sold a cargo of blue ammonia to INPEX in Japan, for use in power generation applications
8Know more

Ammonia-Urea Energy Savnig Project
8Cost - Rs 200 crore
8Project Event: Basic engineering and Detailed engineering have been done by KBR and Tecnimont. The project has been commissioned in July 2021. Now the plant is working on an energy consumption level of 6.5 Gcal/MT.
Ammonia Greenfield Project
8Cost - Rs 2773 crore
8Project Event: The project is likely to be submitted as a proposal for environmental clearance in September 2021. in place of July 2021. The RFQ is likely to be released in Q3FY 2021.

Here is a fertilizer company, looking to fill up the following slots
8Manager (Finance)
8Chief Manager (Finance)
8Officer (Finance)

8The government is "sensitive" towards the prices of petroleum products and is taking all possible steps to address the issue, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday and blamed the Congress for the trend of hike in petrol and diesel prices. If state governments want they can lower the prices of petrol and diesel, as a state did so recently, he said in a press conference at the Delhi BJP office.

8Oil prices were little changed on Wednesday after four straight days of declines, helped by a bigger-than-expected drawdown in US crude inventories, though investors remain worried about the outlook for fuel demand due to a global surge in Covid-19 cases.

On August 19, 2021 Naphtha prices were registered to drift down in Japan and Europe owing to sluggish demand trends in the region.

On August 19, 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 $68.91 per barrel on August 19, 2021.

Low ethyl acetate prices were reported today at Ex-Satyam. 

A revision in methanol prices has been announced at Hazira.

Market sources reported that caustic soda lye prices were reduced in Dahej today.

Propylene glycol prices were assessed lower at the Kandla port. 

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

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

8A virtual plastic expo is on involving petrochemicals, plastic, printing, packaging, paper, PVC compounding and footwear.
8Sometimes, it seems, the virtual world allows for better interaction than the real world
8Know all about it

8Alka Chemi-Pack Private Ltd was lying dormant
8The company engaged in trading of base oil and paraffin wax, and decontamination of packing materials
8It has got about 100 crore of debt
8Know more about the company