News & Bulletin Updates

The emission reduction bug has finally bit ONGC
8It is now looking at first figuring out what its carbon footprint is, and then go about systematically reducing it

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Praj Industries Ltd has been dubbed as the “World’s Greatest Brand of 2020-21. What is more, its boss, Pramod Chaudhari, has been called the “Global Indian of the Year 2020-21 by a magazine.
8But keeping that aside from this website's point of view, BPCL's Bargarh 2G ethanol blending project ran into trouble when Tata Projects defaulted on its EPC contract claiming that the technical details from Praj, who is the licensor, were insufficient to build the Rs 1000 crore project
8BPCL is now building it on its own, using Tata Consulting Engineers as the EPCM contractor while retaining Praj as the technology supplier
8Then again, Praj doesn't really have the best financial performance to show. Its Q-1 profits were less than half of the previous quarter

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8This is a foreign EPC company with specific offshore and downstream strength, and it is now aggressively pushing for business
Know more about it

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Gujarat always is a priority state now
8And here is a conclave being organized for the oil & gas industry on ease of doing business in the state
825 crore companies are to join in, and business development opportunities will be focus

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A fall in imported SAN prices in Mumbai was noticed today

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8Shelf Drilling was able to deploy two of its jack-up rigs straight with ONGC

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Polyamide 6 (E35) prices fell sharply in the domestic market of Delhi on August 13, 2021

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On August 12, 2021 Petrochem sources reported a fall in imported SAN prices in the Delhi polymer market

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Tellurian is talking all key stakeholders in India for deals to supply gas to India
8However the pricing model is different from what we said it would be, the company has clarified

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ABS (MIF45) prices in Delhi were quoted higher today

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8BP’s research confirms the feasibility of large-scale production of green hydrogen and green ammonia in Australia
8Know more

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ABS (HI121H) IM prices fell today in the domestic market of Delhi

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A fall in ABS (HI121H) IM prices in the Mumbai polymer market was noted today

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On August 13, 2021  POM Imported prices moved higher in the Mumbai polymer market

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Petrochem sources have reported a huge fall in imported polyurethane prices in the Ahmedabad market

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A cut in ABS (MIF45) prices was noted in the Mumbai polymer market today

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Imported POM prices in the Ahmedabad market remained stable in spite of demand being low

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8An NPK supply tender is out

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Ammonia-Urea Energy Saving Project
8Cost - Rs 250 crore
8Project Event: All the project activities are on hold due to lack of funds, Capital approval is still under process. It is likely to be elicited in Q3FY2021. RFQ for the LSTK contractor is likely to be released in Q3FY2021
SSP Expansion Project
8Cost - Rs 21 crore
8Project Event: The project is under environmental clearance. Public hearing is likely to be completed at the end of August 2021. The RFQ for the local contractor is likely to be released after environmental clearance, which is likely to be elicited in October 2021.

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8Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday reported 27.6 per cent drop in June quarter net profit at Rs 1,501.65 crore. The nation's second largest oil refiner and fuel marketing company had a net profit of Rs 2,076.17 crore in April-June 2020-21, the company said in a regulatory filing.

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8State-owned Oil India Ltd on Thursday reported a more than three-fold jump in its first-quarter net profit on the back of a rise in crude oil prices. Consolidated net profit of Rs 1,214.65 crore in April-June was higher than Rs 377.63 crore profit a year back, according to the company's filing with the stock exchanges.

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8Indian Auto LPG Coalition (IAC) has called for the immediate implementation of a policy to boost the adoption of auto LPG in the country.

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8Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta variant, the International Energy Agency said on Thursday.

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On August 13, 2021, the Kandla market witnessed a rise in methylpropanediol prices.

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8OPEC on Thursday stuck to its prediction of a strong recovery in world oil demand in 2021 and further growth next year, despite concerns about the spread of the Delta coronavirus variant that has weighed on prices.

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