The offshore rig market is showing a strengthening of utilization rates
8But day rates remain subdued, reinforcing the generally held assumption that a lot of cold staked rigs may have to be scrapped

Gas companies are unable to pass on price increases entirely to consumers
8Margins have suffered
8But the good point for some is that volumes are smartly up

How do different ship propulsion fuels compare under different parameters
8And which fuel is preferable?

8This CBM operator is crawling out of the COVID aftermath and is seeking to hire consultants to move ahead

GAIL's Q2 profits were much higher than what analysts had thought they would be
8So what has caused this spurt?

8Biometrics are back for government offices
8Public sector to follow suit

8Ammonia supplies are scarce as prices soar

8India and Italy have agreed to jointly explore the development of green hydrogen in order to strengthen their partnership in the energy sector

8Mangalore Chemicals and Fertilizers Limited has decided to carry out the revamp of its ammonia plant
8The project is scheduled for commissioning in June 2022
8Know more

Ammonia-Urea Expansion Project
8Cost-150 Cr,
Update: The project has elicited environmental clearance in Jan 2020, but due to a lack of funds it is on hold, the company has applied for a loan, sanction is likely to be elicited in December 2021. RFQ for the EPC contractor is likely to be released in January 2022.
Ammonium Sulphate Expansion Project
8Cost: 9 Cr.
Update: The company will execute the project on its own, without involving any external technology supplier and it shall be using its available in-house expertise and resources. The public hearing has been completed, the proposal for the environmental clearance is likely to be granted in November 2021. RFQ for the EPC contractor is likely to be released in January 2022

8As Europe enters the heating season with natural gas inventories at the lowest level in a decade, policymakers, consumers, and industries are left at the mercy of the weather, hoping for a mild winter to avoid further tightening of the already tight European gas market.

8Indian Oil Corporation (IOC), the nation's largest oil firm, on Saturday reported a marginal rise in net profit in the second quarter of the current fiscal as lower inventory gains offset better operational performance.

8Bharat Petroleum Corp Ltd (BPCL) on Friday reported a 24 per cent rise in its September quarter net profit as international oil prices soared to a multi-year high.

8GAIL (India) Ltd, the nation's largest natural gas utility, on Friday reported more than doubling of its net profit in the September quarter after it again started making money on gas marketing. Net profit of Rs 2,862.95 crore, or Rs 6.45 per share, in July-September, was 131 per cent higher than Rs 1,239.67 crore, or Rs 2.75 a share, in the same period last fiscal, according to the company's stock exchange filing.

8Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4.

8The Union government has formed a ‘crack team’ to ensure priority movement of fertilisers to key food-bowl states as fears of shortage have sparked panic buying of crop nutrients.

8The Union government has formed a “crack team” to ensure priority movement of fertilisers to key food-bowl states as fears of shortage have triggered panic buying of crop nutrients, people familiar with the matter said.

8The current Indian political scenario ruled by BJP Government is totally different concerned to economy, education, health, agriculture, industrial, defense and concentrating on country development especially to categories related to poor and dependents on agriculture and doing reforms for their economic revival in which Government of India is playing a major role and involved in developing and implementing various plans concerned to their lifestyle and need such as increasing substantial sugar cane and food grain commodity prices, providing electricity and fresh water at lower rates, better education, employment through MGNREGA schemes, providing them houses at economical rate, better roads for transportation, providing grain markets near to their villages, reforms in food corporation, reducing interest rates, pension reforms for  senior citizen farmers and widows, yearly monetary help to farmers, availability of fertilizer, employment as per the skill in nearby industrial areas, availability of more fertile grain seeds.

A producer from the Middle East has offered its PE in India.

Price revisions for PP and PE has been announced by IOCL.

Reliance Industries Ltd raises PP deemed export prices.

OPaL announces a revision in PP and PE prices.

A revision in PP and PE prices has been announced by Haldia Petrochemials Ltd.

DCW has rolled over its PVC prices, with effect from November 1, 2021.

Chemplast has announced a roll over in PVC suspension grade prices wef November 1, 2021.