News & Bulletin Updates

8Celanese, has undertaken an unplanned shutdown at its acetic acid plant.

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8Sinopec Mitsui Chemical has halted production at its Bisphenol A plant.

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8Xinneng Energy has started maintenance at its No. 2 methanol plant.

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8Wanhua Chemical Group has taken its HDPE unit off-stream.

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Cargo arrivals are normal in some ports but cargo deliveries have been adversely impacted in many ports
8In some ports, cargo operations normal, however Cargo evacuation is  affected during night hours due to night curfew
8Also, Force Majeure declaration issued by Vizag Chamber of Commerce, for the period from 05th May to 19th May 2021 will impact operations
8Get an all-indian roundup here of the day's outlook

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From an average of around 1 MMT, chemical imports are down to around 0.87 lakh tonnes according to our database.
8Clearly, the current spurt in COVID cases is having an impact

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We are approaching a record 8 MMT of crude lineup.
8This is an unprecedented figure, a full 1 to 1.5 million higher than the normal inventory of line up
8Clearly, vessels are either on slow streaming or on hold from port of sailing because at the ports, there seems to be no congestion
8So the port side management seems to be quite good as of now even as inventory lineup mounts

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End of last week, GAIL is still flogging the Dabhol terminal.
8One vessel is at berth and another is lined up, could also be because the weather has sobered down from how it was last week, when the seas were rough and mooring cables were getting broken.
8Shell's Hazira has five vessels lined up.
8And that is possibly because GAIL cannot load up Dabhol and Dahej is already stretched, some cargoes have come into Hazira as a result.
8Hazira has only a couple of dedicated clients, as far as we can see: RIL and Arcelor Mittal Nippon Steel India Ltd. Torrent too, sometimes.
8RIL,  as its dependence on ethane cargoes from the US and Indian gas from its fields in KG Basin go up, its demand for LNG will fall.
8And once GAIL has its Dabhol unit gets going 24X7 from the middle of next year, there will be that much less business for both Hazira and PLL's Dahej terminal

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8Get the fertilizer import data for the day available here

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Oil India Ltd has an acquisition of five new 2000 HP VFD rigs to make
8The deadline for bid submissions after several extensions was April 39
Find out what happened next

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ABB is working on a modular approach to LNG, CO2 capture, hydrogen biogas and, water treatment
8And it is finding support to this idea from the corporate community

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US sanctions make it near-impossible for anyone to import from China
8Yet the Chinese are doing just that, importing crude in higher quantities
8The implications in India are quite obvious

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Electric vehicles will have no impact on natural gas-driven vehicles in India
8That is the conclusion of an Indian study
8Find out how it has arrived at that conclusion

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Oil prices are set to rise
8One of the world's most prestigious research institutes envisages a a 1.3 mb/d market deficit in 2021 and a 0.8 mb/d deficit in 2022 for crude.
8See the calculations behind this
8This would mean that both gas and crude prices will rise further

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8Now plug and play LNG stations are in the market

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The golden triangle is now the focus for setting up LNG stations
8Find out more

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Here is an offshore block
8And three wells are to be drilled, and they are looking for consultants

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8Great Eastern Shipping reaps a massive bonanza

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8Are you looking to be a legal and a finance consultant
8Pay is a little low but the experience may well be worth it

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8The Indian domestic pipeline segment is in for a massive expansion on the back of favorable parameters

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8ONGC takes out one three-year jack-up drill order

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Greka Drilling Ltd is a holding company.
8It is one of the largest independent and specialized provider of unconventional gas services in Asia. Its principal activities consist of the provision of coal bed methane drilling services in China and India
8Find out more on what is up

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DMF prices have moved lower in the Delhi chemical market.

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8The World Bank taking the stance that governments should stop supporting the development of LNG infrastructure.
8And a war of words have emanated as a result
Find out more

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NFL's DAP tender has Ameropa disqualified
8Know more who got the 50,000-tonne DAP tender

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