News & Bulletin Updates

8Know more about Petronet LNG's petrochemical plans as well as an LNG terminal in the East Coast

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8There is now a serious allegations that Big Oil and FMCG companies are using plastic recycling as a smokescreen to raise consumption of plastics
8And that FMCG companies are failing to transparently report the full climate impacts of their plastic packaging

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8Nayara Energy has plans ahead
8Find out more

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Sep 27, 2021: Daily import matrices

Get the daily updates for
8Daily Chemicals
8Daily Crude
8Daily LNG
8Daily Fertilizers
8All tankers
8Bulk and dry cargoes
8Port updates
8Daily LPG
8Daily Ammonia

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

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The hunt is on for a new CMD for Oil India Ltd is on
8Who could be the possible candidates?
8Also, know more about why the entire selection process has become a mockery of sorts

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Domestic market sources reported a rise in Ahmedabad’s aniline prices today. 

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Market sources reported that methanol prices were raised at Ahmedabad today.

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8Movement has been noticed in Oil India Ltd's attempt to purchase of 2000-tonne onland drilling rigs
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8E&P subject matter experts are needed across a range of topics

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8The U.S. Department of Justice has arrested the chief financial officer of Novatek, Russia’s largest private gas company and biggest LNG exporter, on charges of tax fraud
8He faces decades of prison

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8Assam Gas Company is a monopoly gas supplier in the state, which despite the fact that it is a producing state, is not able to provide enough gas to its customers
8But there is much excitement now over the fact that a trunk line is coming in from the mainland

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Here is a private sector company with an ambitious E&P plan (not Cairn India):
8Drilling of 30 new development wells
8Workover of 9 existing wells
 Development of surface facilities i.e. Early Gas Production Facilities (EGPFs)/ Quick Production Facilities (QPF) and Gas Collection Station (GCS) to facilate the production of produced hydrocarbons, their processing and sale. A peak production capacity up to 2385 m3/day crude oil and 2.83 MMSCMD of natural gas has been envisaged for the field the surface facilities would be constructed having capacity configured to handle peak production rate.

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8The much needed financial relief sought by E&P bidders, both for LSTK contracts and services, on account of COVID has finally come through

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8Clarifications even after technical bids have been opened are possible now in E&P bids

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There is now growing resentment in some public sector oil companies over the government's insistence on putting their tenders in the GEM portal.
8Most PSUs are upset that GEM circumvents their own optimized SAP operated systems
8And there are problems galore with GEM too, as it is an all- size-fits-all portal while the oil & gas requirements are very specific

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Focus Energy Ltd seems to have been able to get through its rough patch
8A Gas Sale Purchase Agreement (GSPA) with GAIL for supply of 0.95 mmscmd to RRUVNL has been approved
8The company has impressive 1.9 Tcf reserves

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8DAP prices are at a decade high

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8Cost of LNG imports have doubled over the last year for India

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8Fresh regulations have come in for existing crude and petroleum pipelines
8In case of leakages, the cost is going to be high from now on 

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Cyclonic Storm ‘Gulab’ made landfall 20 km north of Kalingapatnam around 8 PM, on September 26 night.
8And it is wreaking havoc all around
8Get an update on how ports have been impacted 

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Customize Blending Unit for NPK Fertilizer & Ammonia Storage Tank Greenfield Project 
8Cost - Rs 90 crore
8Project Event: The project is on hold due to the financial loss during the Covid, the project is likely to be activated in Q3 FY 2021. RFQ for the Contractor is likely to be released in Q3 FY 2021
Sulphuric Acid Greenfield Project
8Cost - Rs 50 crore
8Project Event: The review is still awaiting clearance from MoEF, clearance is likely to be elicited at the end of October 2021, RFQ for the local contractor as well as equipment supplier is likely to be released in November 2021 in place of August 2021

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8The Fertilizer Association of India will organize an annual seminar in December 2021.
8The key agenda of this seminar will be the following:
-Challenges of Indian Fertilizer Sector
-Meeting Challenges in Agriculture
-Sustainable Fertilizer Production
-Strategies for Fertilizer Marketing
Read for more information

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Shortage and higher prices are forcing a crisis
8And gas prices are to blame

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