News & Bulletin Updates

8Project Name: Jalore and Sirohi Districts City Gas Distribution
8Project Cost: Rs 300 crore

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The world's best research has come up with the following findings:
8Crude prices in 2022 will remain confined in the USD70/bbl and USD90/bbl range (even though Goldman Sachs sees prices at $150/bbl)
8Russia will hold the key to how global LNG prices are going to behave, know why
8Only a few years are left for new LNG capacity to come up, after that it will have to stop, no matter what.
8Series of climate change impact reports in the first half of this year will determine the long term fate of the oil & gas industry
8Methane is the second-largest contributor to warming after carbon dioxide. And this is where the gas industry comes into serious roadblocks from this year onwards
8Green hydrogen takes off all over the world but in India it will take time
8From `Carbon-Neutral’ to `Greenhouse Gas Verified’ LNG cargos in 2022. That will be the new change
8India's energy policies are fraught with uncertainties, and the transition to a gas-based economy has upended by high prices

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8Is the off again, on again pipeline project on again?

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8"Excellent" is the MOU performance parameter that fertilizer PSUs have been used to but this time around a lot of them ended up performing less than that

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Tripura is a landlocked state and evacuating gas from there is always a problem
8But the bottleneck is now over
8And ONGC is in a position to auction gas, with a promise to the offtaker that gas sales will only take place once the connecting network is ready

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8The government of Karnataka makes an official announcement on its LNG plans

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8This new technology helps in converting dry slude into fertilizer
8Find out more on what indian researchers are up to

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Jan 19, 2022: MOP tender coming up

8A tender inviting MOP supply has come up

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8Get the December 2021 outlook on the Indian economy

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8State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million -- the second exit of an Indian firm from the US shale business in two months.

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8Crude oil prices on Thursday fell Rs 4 to Rs 5,091 per barrel after participants cut their positions.

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On January 19, 2022, trading sources reported a fall in acetic acid prices in the Mumbai chemical market.

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Jan 19, 2022: DOP at higher rates

High DOP prices were reported in the Kolkata market, today.

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On January 19, 2022, acetone prices moved higher in the kolkata market.

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NBA prices have decreased at Hazira.

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MEK prices have escalated in the Kandla market today.

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Prices for octanol are cut at Hazira.

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Petrochem sources in Kandla have reported a rise in phenol prices.

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Benzene prices have risen at Vizag.

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Prices for DEG have dropped in Hazira.

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An elevated trend is noticed in aniline prices these days.

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Petrochem sources have reported a huge fall in Acrylonitrile prices in the Mumbai chemical market.

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On January 19, 2022, Petrochem sources reported a fall in benzene prices in the Mumbai market.

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Deepak Fertilisers & Petrochemicals Corporation Ltd seems to have eventually made the transition to a speciality chemical player from a commoditized portfolio company
8And this has raised its valuation multiple times
8A remarkable performance indeed

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8On December 14, 2021, China’s Ministry of Emergency Management (MEM) released a draft on the “Regulations on the Management of Safety Information Codes for Hazardous Chemicals (Trial)” and began soliciting comments from relevant organizations
8This may be of interest to some in India

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