8Find out our weekly analysis, price charts and projections on C10 solvent price movements for the coming week

On November 23, 2021, trading sources reported a fall in acetic acid prices in the Mumbai chemical market.

The international crude oil price of Indian Basket was quoted at around $79.16 per barrel on November 23, 2021.

On November 23, 2021 PVC prices in the International market remained unaffected, with prices remaining unchanged.

On November 23, 2021 Naphtha prices registered a downward movement in Japan while moving up in NW Europe owing to fluctuation in the markets.

8The website carries here our weekly outlook for toluene
8Find out how prices are going to behave ahead

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A major producer from Thailand is heard to have offered its SAN in India.

A Thai producer is heard to have offered its HIPS in India.

A producer from China is heard to have offered its PP in India.

The price bids for two 2000 HP onland drilling rigs were opened yesterday. Three bidders were in the race:
Find out who the L-1 bidder is, and get item-wise bid prices the following parameters:
8Mobilization Charges for 1 (One) Rig
8De-mobilization Charges for 1 (One) Rig
8Operating Day Rate Charges for 1 (One) Rig
8Standby Day Rate Charges for one Rig
8Repair Day Rate Charges for one Rig
8Inter-Location Movement [ILM] Charge per move in case of cluster location
8Inter-Location Movement [ILM] charges per move
8Additional Inter-location movement charges
8Force Majeure Charges for one Rig
8Stack Day Rate Charges for one Rig

The Quality-cum-Cost Based Criteria (QCBC) was adopted by public sector oil companies as a way to beat the tyranny of the L-1 bidding system.
8Up to 30 per cent the the weightage under the QCBC was on quality parameters
8But the government has loaded the system with so many checks and balances that oil companies are now thinking of dumping the system altogether

Bumi Armada, which is the JV partner with Afcons, for the FPSO to be lent out to the KG-DWN-98/2 project of ONGC
8The decision to award the contract on a single tender basis was controversial during the Dhramendra Pradhan regime
8There is a delay in the construction of the FPSO

8The petroleum ministry has denied it is planning to hive off its prized assets to the private sector

8The world’s largest high-pressure oil and gas piping component has been 3D printed
8And it has been tested and verified by Lloyd’s Register

8A requirement for a water maker vessel has come up

HPCL LNG Ltd is setting up the Chhara LNG terminal
8The terminal is facing headwinds in terms of delay in construction as also delay in the play of the connecting pipeline
8But the outlook still remains optimistic

Ammonia-Urea Brownfield Project
8Cost:6000 Cr.
8Project Event: The bid due date for the Urea handling & bagging package has been extended from 21 October 2021 to 24 November 2021. Find out what kind of contracting is going on here.
DAP/NPK /Phosphoric acid Greenfield Project
8Cost: 500 Cr.
8Project Event: The project is under the process of environmental clearance, Public hearing is likely to be started in January 2022, RFQ for the LSTK contractor for the DAP/NPK plant is likely to be released in February 2022

8According to ground level newspaper reports, the Prime Minister is preparing to inaugurate the Gorakhpur fertilizer plants sometime between December 5-7
But will the plant be ready?

Get a detailed outlook on fertilizer prices here
8Also, supply availability data for fertilizers

8Get an update on all liquid gas imports here

Even as LNG shortage builds up, there is momentum building up against the use of gas
8Gas is dubbed as the "new coal"
8The argument is that elying on carbon capture and storage is unsafe, very expensive and unlikely to work
8Relying on carbon capture and storage is unsafe, very expensive and unlikely to work
8And, LNG trade is projected to collapse under Net Zero pathway
8Some of these are already known, but they are now backed with compelling data

A spate of complaints about RIL affiliates selling gas at super normal profits at the IGX after buying it cheap from RIL-BP auctions has got the government to take action.
8There have also been complaints about RIL affiliates cornering the bulk of the RIL-BP production from the KG Basin

LNG volumes are sharply lower and sharply more expensive last month compared to the same month last year
8Clearly, the price sensitive Indian market is reacting adversely to high prices
8Also, note LNG carrier rates are at an all time high
8Further, get the latest consumption data here

The government has decided to cast arbitrations and court battles battles by public sector companies in a different light
8The decision to appeal against a judgement by a court of an arbitration tribunal will no longer be automatic
8And even if an appeal is made, it will be better to pay up a significant part of the money, in case of an adverse judgement