8The domestic market for Propylene (M13530) in Delhi experienced a price reduction today

8The chemical market continues to evolve as the pricing and production landscape for Methyl Dichloride (MDC), also known as Dichloromethane, responds to shifting global and domestic factors

 8In a significant development within the chemical industry, the domestic market has witnessed a notable shift in Chloroform pricing

8Indian Petrochem analysts have reported a cut in formic acid prices in Mumbai's domestic market

8Liquid alkali prices in the Delhi market are subtly sliding upward, offering a minor but noticeable relief to industries reliant on this chemical

8In the latest development within the Ahmedabadi chemical market, the price of mancozeb, a widely used agricultural fungicide, has seen a decrease

8The Delhi market saw a sharp cut in Carbendazim prices today

India has one of the most expensive steel prices in the world
8And that is bad news for the Indian oil & gas industry where a lot of steel is consumed particularly in offshore projects
A recent clarification by ONGC has not helped matters either.

In complicated oil & gas projects, local content compliance procedures can be extremely burdensome.
8There are heavy penalties as well.
8Find out what exactly what it entails
Get a detailed breakup here  

We did a fine analysis of an offshore projct of ONGC to figure out whether bidders were unreasonable in seeking concessions
8Some of the relaxations sought are clearly not something that ONGC can give in to
8But for others, particularly for foreign companies, some of the rules may keep them away
So, ONGC needs to take a call on them in future projects

8ONGC is planning to crank up work in two of its assets with ageing fields
Click on Details of the kind of business opportunities coming up
  

8OIL's tender for a 3000 HP rig has been  the focus of attention for the rig owning community
8Here is a big opportunity for everyone to go to a higher level
What is going on with the contract

Find out which project these bunch of companies are interested in:
8OCS
8Ctech Engineering Consulting Supply & Project Company (M/s Ctech)
8Zee Engineering Sdn, Bhd.
8ACE Pipeline Group
8A.D. Engineers & Contractor LLP,
8Chowgule And Company Private Limited
8Das Offshore Limited

8GSPC's 15 well development programme coming up
Find out more on it

This company is now talking of 3D laser resolution of its facilities
8Create an immersive Virtual Plant environment with features such as:
8Hot-spotting tags for equipment, instruments, and piping.
8Linear measurement, annotation, and database integration for tags.
8Integration with P&IDs for a two-way interaction.
Interesting indeed

8A new Rs 4500 crore downstream project just got approval

This is a Rs 5000 crore downstream unit
8And both the consultant and the project promoter wants to go about it in a step-by-step manner

8It looks like the promoter has dropped this refinery expansion project
No reason however was assigned

L&T had a pipeline replacement (PRP-VII) project going with ONGC
8It entailed 350 km subsea pipelines in 39 pipeline segments:, 29 full-segment replacements., 10 part-segment replacements., 38 km of chemical injection pipelines. Topsides modifications for 72 structures. Demolition of 9 redundant risers. Surveys and engineering modifications around the B-193 platform.
8How far has it gone so far?

GAIL seems to be in a bit of a spot when it comes to the Indian gas market
8It does not have enough gas floating around to market
8And what is more, it is now forced to buy expensive gas
8So it is bad news all-around for the gas major

A spate of PNGRB's decisions have stirred up a hornet's nest of troubles everywhere
8Trust has been lost and key stakeholders no longer seem to trust the regulator anymore
8Some court battles are on
8And allegations of favoritism are rampant
8There are conflicts of interest galore
8Here is a full tabulation of what's going wrong
8Clearly, the regulator has to work hard to be seen as honorable

8Get a complete synopsis and price comparison trends here

8A combination of factors is at work, get the latest roundup prices

8Prices have shifted according to sources, find out how far the price has moved

8Find out more about how far the price has shifted