News & Bulletin Updates

8RIL-BP's MJ-1 oil and gas field was hit by the pandemic
8But with the FPSO now getting mobilized, work has picked up pace

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Project management consultants for E&P fields, particularly the smaller fields, went into hiding during the pandemic
8But with oil prices going up, both E&P operators and the project management consultants are slowing emerging from the woodwork
8How many PMCs are really contending for such slots

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Spot prices have climbed to the above $20/mmbtu mark and there are no immediate signs of remission
8The spot market was never too big in India and with spot prices up, it has shrunk by more than half
8Find out what is GAIL's estimate of India's spot market

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Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: 92 % of construction work has been completed, the installation of equipment is ongoing. procurement Machinery orders are already completed, Procurement of other services is ongoing, also pre commissioning is ongoing, commissioning is likely to be started in January 2022 in place of Dec 2021
Ammonia-Urea Annual Maintenance Project 
8Cost - Rs 35 crore
8Project Event: The tender for a registered maintenance contractor is likely to be released in January 2022

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8The Gulf Petrochemicals and Chemicals Association is holding a virtual Agri-Nutrients conference from 15th to 16th of September
8Know more

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8BP's head of low carbon and natural gas Dev Sanyal will leave the energy company at the end of the year, BP said on Tuesday, an unexpected departure at a time when BP seeks to rapidly grow its renewables business and shift away from oil.

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8While legislators craft the details back in Washington, President Joe Biden is pitching his massive domestic spending package with a visit to a renewable energy lab in Colorado to highlight how the investments in clean energy in his massive spending package would help combat climate change.

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8The compressed natural gas (CNG) sales in Gujarat contracted by 13per cent in 2020-21 as its consumption reduced due to the restricted vehicular movement following the imposition of curbs to tackle Covid.

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8Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world's largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen.

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Market sources reported a rise in styrene monomer prices in Hazira today.

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A rise in ethyl acetate prices was noticed today, at Ex-Satyam. 

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Tight supply coupled with high demand has raised propylene glycol prices in the Kandla market. 

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ACN prices are slowly increasing in the Kandla port.

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A sharp rise in ABS (MIF45) prices in the Delhi market was registered today

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The Mumbai polymer market recorded a rise in imported acrylic prices today

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ABS (HI121H) prices registered a sharp rise in the market of Mumbai

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Robust demand has lifted imported acrylic prices in the Mumbai polymer market

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Prices for ABS (HI121H) IM in the Delhi polymer market were significantly higher today

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POM (F30 03)prices in the Delhi polymer market were quoted higher

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Imported acrylic prices in Delhi were quoted higher today

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On September 15, 2021 POM (M270 44) prices moved higher in the Mumbai polymer market

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On September 15, 2021, imported polyurethane prices were quoted lower in the domestic market of Mumbai

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On September 15, 2021, the Kolkata market witnessed a rise in NBA prices.

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Petrochem sources in Chennai have reported a rise in MIBK prices.

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A fall in demand has raised BAM prices at Hazira.

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