News & Bulletin Updates

8Langtala-Pachpadra Natural Gas Pipeline is getting delayed
Find out by how much

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8ONGC plans to go ahead and drill wells in the Jharia CBM block

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Here is a list of DSF blocks with a status update on their wells
8There is also a status update on their transportation connectivities

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About 40% of India's gas imports are made of spot purchases, and these are not happening now due to high prices
8Also, IOC bought a cargo for $26/mmbtu but dozens of cargo tenders were issued in the last couple of months but no deals were made

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8A big RFQ for pressure vessels has emerged

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8A new aviation turbine project is coming up in an existing refinery
The cost however is modest

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How much oil can the world realistically add now that demand has surged?
8There can be a scary conclusion ahead: that demand can outstrip supply even when all oil wells are pumping at full strength

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8Gas prices will rise before they settle down to more tolerable levels in 2022

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Hydrogen will not be the preferred fuel for vehicular industry
8A recent study has confirmed
8Also, India is not a signatory yet to the methane emission global pack
8Then again, India becoming a global hub for hydrogen is not more than a pipe dream as of now
8Further, get a full report card on ethanol blending in India here

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8NFL has a new director

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8There is a tender out for supply of Phosphoric Acid in bulk

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Oct 18, 2021: Tender updates

8For supply of Potash
8For supply of Bentonite Sulphur

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8An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30 per cent interest in the Farzad-B gas field development in the Persian Gulf even after Iranian decision to award rights of the giant field to a local firm, top officials said.

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8Reliance Industries Ltd, the country's largest company by revenues, profits and market value, has topped Indian corporates in the World's Best Employers rankings 2021 published by Forbes. Reliance was placed at 52 in the overall ranking of 750 global corporates likes Phillips, Sanofi, Pfizer and Intel.

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8A revision in PET resin prices has been announced by Reliance Industries Ltd.

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8The climate crisis threatens a double blow for the Middle East, experts say, by destroying its oil income as the world shifts to renewables and by raising temperatures to unliveable extremes.

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8Paradeep Phosphates Ltd. (PPL) is planning to raise up to ?1,255 crore in fresh capital through an IPO to part finance the acquisition of the Goa facility of Zuari Agro Chemicals and retire a part of its debt.

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8After months of pushing back, India is set to update its 2030 climate targets under the Paris Agreement. India is considering cutting down almost by half the amount of greenhouse gases produced for every dollar of economic activity by the end of the decade.

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

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8We have formulated an in-depth price outlook of the Indian chemical market
8Catch here the full chemical price matrix for the day

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On October 18, 2021, the Kandla market witnessed a rise in isobutanol prices.

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A drop in octanol prices was recorded today at Hazira.

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MEK prices registered a fall in the imported market of Kandla. 

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Low acetone prices were registered today in Mumbai. 

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Acetic Acid prices registered a sharp fall in the imported market of Mumbai. 

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