News & Bulletin Updates

Megha Engineering and Infrastructure Ltd (MEIL) MD, PV Krishna Reddy, is camera shy.
8But how is he when it comes to being hands-on?

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The Nagapattinam greenfield refinery is at the EPCM selection stage
8The EPCMs have been selected
8There is movement ahead on this front

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Did you know that ONGC is the first non-American company to take up the Global Methane Initiative? What has it done on this front
Also know more on the company's
8Gas blending in large diesel engines
8Power generation in remote gas locations
8How it plans to use CCUS to raise output by 10% in Gandhar and Ankleshwar

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The Swan LNG-IFFCO owned Floating Storage Vessel did not have much business until it was hired out to work in Ghana
8The lease period indicates that the Swan terminal will be unable to get functional before August, 2022 at the least
8The vessel has been sitting idle, having delivered only one cargo in February before was leased out, causing a huge loss to the owners.
8Also know more on why the FSU is being loaned out such an abysmally low day rate, far below the market price

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ONGC has become more responsive to complaints from vendors
8This is really quick action, as a BEC has been relaxed as a spin-off from the meeting
8This will come as much-needed relief to vendors

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Get an update here on
8Daily bulk cargo import movements
8Daily tanker cargo imports
8Daily COVID-19 restrictions on ports
8Monthly crude import data port-wise, refinery-wise, and country-wise

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8776k MT of crude oil was offloaded all over India on the 21st of July.
8The following ports received the consignment:
8Sikka - 523k MT received by Reliance
8Mumbai - 11k MT received by BPCL
8New Mangalore - 91k MT received by Mangalore Refinery
8Chennai - 150k MT received by Chennai Petroleum

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8Two shipments of LNG totalling 307k cbm was unladen on the 22nd
8One 155k cbm shipment was received by Gail
8Petronet LNG was the receiver of the other 152k cbm consignment

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It is unusual but RIL is bringing in as many as three ethane cargoes in quick succession through dedicated vessels
8Each vessel carries 46,000 tonnes of ethane. Either these vessel shipments were delayed and lumped together because it unusual to have three cargoes mapped for arrival in our database
8RIL had switched to ethane as it was a cheaper feedstock but prices had been going up sharply now
8Eventually, feedstock prices, like water, get to even out over different feedstocks

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8We are currently tracking around 1.18 million tonnes of fertilizer imports
8And this is as of today's evening data
8And these are coming in from all over the world

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8We have tabulated a total of 104 chemical shipments coming up the next week
8A few have already unloaded their cargoes
8No one gives you information like we do

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8Kandla is the biggest handler of chemical cargoes
8Currently around 1.68 tonnes of cargoes are getting processed or are about to be processed

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8JNPT port will see an assorted range of chemicals coming in over the next few days
8And these will include: VAM, CBFS, toluene among others

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8Trident Chempar is bringing in 3000 tonnes of methanol
8The cargo will unload at Vizag

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8Thirumalai Chemicals is to receive 10000 tonnes of ortho xylene
8The cargo is expected to land on July 27

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8BASF India is importing two butyl acrylate cargoes
8One is coming from Jebel Ali and the other from Singapore

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8A cargo of VAM is coming in
8Payal Polyplast is importing it from Singapore

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8A C10 N paraffin is expected at Hazira
8Find out the arrival date

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8The government is examining yet another proposal to see whether other PSU oil promoters of Petronet LNG (PLL) and Indraprastha Gas Ltd. (IGL) could participate in the mandatory open offer to shareholders of these entities triggered post-privatisation of Bharat Petroleum Corporation Ltd (BPCL).

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8The cabinet has approved the proposal to allow 100 per cent foreign direct investment in state-run refineries in which a strategic stake sale is announced, officials said. 

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8Expressing deep concern over rising fuel prices and the Centre's move to end subsidy on LPG cylinders, Rajasthan Chief Minister Ashok Gehlot has written a letter to Prime Minister Narendra Modi seeking immediate relief for people suffering from inflation. Gehlot said the Centre had started the Ujjwala Yojana to provide clean fuel to the below poverty line (BPL) families, but due to the increase in the price of LPG, this scheme is proving to be unsuccessful.

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8The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia.

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8The oil market's supply and demand dynamics point to a slow grind higher in prices over the next few months, Barclays said on Thursday, as it raised its 2021 oil price forecasts by $3-5 per barrel.

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JBF Industries Ltd raises PET resin prices,

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The JKM monthly price for August delivery into northeast Asia rose 18.6% month on month to an average of $12.972/MMBtu.
8In comparison, the August JKM assessment in 2020 was at $2.164/MMBtu, which was close to the historical low of $2.063/MMBtu for the July 2020 average
8Vessel higher rates are high
8And Henry Hub prices are sizzling too, making shipment out of there into India more expensive
8Quite a change

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