News & Bulletin Updates

The website is tracking the delivery of 2104212 cubic metres of LNG into Indian terminals in the next few days
 The LNG is coming from:
 8Das Island
 8Qalhat
 8Sabine Pass
 8Ras Laffan
 8Soyo
 8Lakes Charles

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8A big oil & gas R&D centre is looking for professionals to join in

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The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group's president said on Tuesday.

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Bio-based technologies and engineering company Praj Industries and Repos Energy plan to join hands for bio-mobility and launch mobile biofuel selling units.

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India's Reliance Industries, operator of the world's biggest refining complex, said on Wednesday its non-energy businesses and increased use of renewable power would help it meet a goal of net zero carbon by 2035.

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Adani Ports and Special Economic Zones (APSEZ) Ltd. on Wednesday said it is acquiring the 31.5 per cent stake held by Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) in Gangavaram Port Limited (GPL) for around Rs 1,954 crore.

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We have two updates today:
Phosphoric Acid Expansion Project
8Cost - Rs 1100 crore
Ammonia-Urea Energy Saving Project   
8Cost - Rs 200 crore

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This is a new producer coming into the LNG market. And here is the data:
8It has the capacity to raise production by  least 100 million cubic metres per day (mcm/d) within less than 12 months of proper development – with all of the gas recovered to be channeled into LNG production of at least 20 million metric tonnes per
annum (mtpa)

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Buying carbon-neutral LNG or oil is the current fad and there is a lot of publicity surrounding such an event
8It is good public relations but now it is not going to be all that easy to get mileage out of such events

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Thousands of km of pipelines are currently under laying in the country
8But the protocols followed are almost next to none
8Regulatory agencies are at fault in no knowing what protocols are involved, so layers make hay in the midst of such ignorance
8Here is a live example of what needs to be done when pipeline evacuation is ongoing

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What is the latest on the purchase of onland rigs
8The lockdown delayed the process
8But the process is picking up speed again

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On March 4, 2021 PAN prices were assessed lower in Mumbai.

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On March 4, 2021, ethylene dichloride prices drifted lower in the domestic market of Ahmedabad.

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A producer from the Middle East is heard to have offered its LLDPE Film grade in India.

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A revision in Ethyl Acetate prices has been announced at EX-Satyam.

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A revision in MX prices has been announced by Aegis.

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A Saudi Arabian producer is heard to have offered its PP Raffia and Injection grades in India.

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A producer from Saudi Arabia is heard to have announced its offer for LLDPE in India.

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Latest Polyvinyl Chloride (PVC) Offers In India.

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On March 4, 2021 phenol prices were assessed lower at Mumbai and Kandla Port.

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On March 4, 2021, MIBK prices drifted down on the back of weakening demand and shortage of supply.

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A revision in VAM prices has been announced at Hazira.

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2EHA prices have increased at the Delhi market.

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The international crude oil price of Indian Basket was quoted at around $62.16 per barrel on March 4, 2021.

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Acetone prices increase in Ahmedabad market.

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