Confidence Petroleum, which operates in the crowded packed LPG cylinder market, was not treated well by COVID-19.
8The top line fell precipitously and the company escaped red ink on its balance sheet by a hair's breadth
8But the company chairman says, “When going gets tough, the tough gets going”
8Is this sheer bravado, or there is mettle behind these words?

Climate change is upon us and the traditional oil & gas company will have to undergo a transition.
8The policymaker within the company faces a multi-layered challenge to determine the risks to their current business, to formulate a strategy to thrive in a re-shaped energy sector and to assess the optimal speed at which to implement their plans for change
8Here is a very important update on how to start that adaptation

Let us not beat around the bush and say that the Federation of Indian Petroleum Industry is more than just an industry lobby group.
8If it tries to be something else, it is not.
8But it does try to give the impression of being more than just a lobbying group. One way of doing so is by bringing out oil & gas reports but the effort lacks depth and data.
8The reason for that is because it just reorders publicly available data into PDF files and titles them bombastically, such as its "Policy and Economic Report for the Oil & Gas Industry" series, for example. FIPI cannot be blamed for what is trying to do
8The organization's storied members should help out, by making available some of their own data to the industry body so that it can come up with some truly incisive data analysis.
8Or otherwise, its attempts to become the equivalent of the American Petroleum Institute will fail.
8But the problem in today's India is that no one wants to part with any information whatsoever, and who knows that better than we do

Urea Revamp Project
8Cost - Rs 220 crore
8Project Event: The Company has invited offers from renowned EPC Contractors for further execution of the Project on an EPC basis. The bidding process is still ongoing.
Sulphuric acid Plant Greenfield Project
8Cost - Rs 100 crore
8Project Event: The company has invited Expression of Interest from LSTK contractors & based on their response, techno-commercial offers will be invited. Tendering process is still ongoing

When you have a suspicion of over-invoicing in cost-plus scenario, everyone turns their attention to the FICC.
8And this time around it is no exception

8The world has started pushing green hydrogen production now
8And major companies are now looking at it with great amount of seriousness
8Find out more on what is actually getting done here

8Technology helps in finding new sources of fertilizers
8Find out more on what scientists are up to

8State-run oil and gas explorers ONGC's plan to complete merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed.

8Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records.

8UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.

8Industry coalition SEA-LNG recognises significant growth in LNG-fuelled vessel orders in 2021.

8In his Independence Day speech, the Prime Minister announced five key initiatives, the first being Mission Hydrogen. He outlined a vision of becoming a global leader and enabling a substantial domestic hydrogen economy.

Market sources reported an increase in DEG prices in Hazira today.

Market sources reported that benzene prices were cut at Vizag today.

A rise in IPA prices was recorded today at Hazira.

Tight supply coupled with high demand has raised IPA prices in the Mumbai market.

MEK prices registered a sharp fall in the imported market of Kandla.

On September 8, 2021, trading sources reported a fall in benzene prices in the Mumbai chemical market.

Ethyl Acetate prices are slowly increasing in the Kolkata market.

On September 8, 2021 imported polyamide 66 prices moved higher in the Ahmedabad polymer market.

Petrochem sources have reported a sharp fall in POM (M270 44) prices in the Mumbai market

Ahmedabad polymer market recorded a rise in imported polyurethane prices today

VAM prices were assessed lower in the Ahmedabad market. 

Polyamide 6 (M28RC) prices fell today in the domestic market of Mumbai

On September 8, 2021 Naphtha prices registered a downward movement in NW Europe while moving up in Japan owing to fluctuation in the markets.