News & Bulletin Updates

Aug 16, 2021: Briefs

8HOEC has lost an appeal against an arbitral award passed in favour of Hardy Oil but the company is looking at other legal recourse
8Site grading work for a COT is coming up, the capacity of the COT will be 8 MMTPA
8Hitech Engineering Services: Working under a constrained environment

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8State-run oil and gas major ONGC on Friday reported a multi-fold rise in its standalone net profit for the April-June quarter, at Rs 4,335 crore.

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8A self-certified declaration of a commercial oil or gas discovery is all that is now needed by a company to get statutory recognition for a hydrocarbon find after the upstream regulator DGH overhauled approval processes.

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8Infrastructure major Larsen and Toubro (L&T) on Friday said it has bagged an oxidation reactor order from Technip Energies-India.

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8Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand.

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8BHP Group Ltd is in talks to sell its petroleum business to Australia's top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday.

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8It is seen by many as the clean energy of the future
8Billions of dollars from the bipartisan infrastructure bill have been teed up to fund it

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8Fertiliser company Paradeep Phosphates has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO comprises fresh issue of equity shares worth Rs 1,255 crore and an offer for sale (OFS) of up to 120,035,800 shares by existing shareholders and promoters, according to the draft red herring prospectus (DRHP).

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8Coal India Ltd has set a capital expenditure target of ?17,000 crore for the 2021-22 financial year, which is around ?4,000 crore more than its spending last year, an official said on Sunday.

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On August 16, 2021, Naphtha prices were registered to drift down in NW Europe owing to sluggish demand trends in the region. However, prices remained unchanged in Japan.

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On August 16, 2021 the international crude oil price of Indian Basket was quoted at around $70.45 per barrel on August 16, 2021. This was weaker than the price of $70.83 per barrel on August 14, 2021.

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On August 16, 2021, trading sources reported a fall in acetic acid prices in the Mumbai chemical market.

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A significant rise in acrylonitrile prices was noticed in the Mumbai market, today.

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A cut in C9 solvent (imported repack) prices was noted in Mumbai today.

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A rise in demand has raised cyclohexanone prices at Hazira.

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On August 16, 2021, Petrochem sources confirmed that benzene prices have increased in the Mumbai market.

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VAM prices have been announced at Hazira.

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Benzene prices have been revised at Vizag.

 

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Prices for BAM are reduced at Hazira.

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8We bring you bulk chemical prices of Mumbai as of today

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8Our website carries the latest prices of the chemical market
8Catch today's Mumbai chemical prices, here

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Prices for octanol are raised at Kandla.

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On August 16, 2021, Petrochem sources confirmed that 2EHA prices had risen in the Kandla market.

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A small lift in demand is noted in the chloroform market of Dahej.

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Tight supply coupled with high demand has raised aniline prices in the Kolkata market. 

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