News & Bulletin Updates

Rig handling work for up to nine rigs has come up
8It is a whole lot of logistical work

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ONGC is looking at raising productivity in its western offshore wells
8And it feels that installation of an advanced device can help

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Ranjit Rath is an ambitious man
8From wanting to hire a 3000 HP rig, he now wants to buy one
8Not just that he wants not just two rigs, he needs three such high velocity rigs
8We do a full analysis of OIL's purchase of such a rig
8Who are the main producers, who could be the main suppliers
8And how much can it cost
8Our analysis makes it easier for potential bidders

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8The Mumbai market has experienced a notable surge in the price of Polyethylene Terephthalate (PET), grade G5801

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Doing a digital twin for a complex petrochemical unit is not an easy job
8There are far too many variables which have to be replicated digitally
8But in India, there are very competent companies, many of them local, who can give multinationals a run for their money
8We have done a mapping of seven of these companies and we are surprised with their capabilities
8So this now become a highly competitive field

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Get today's contracting update here
8There is a lot going on

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8The Delhi polymer market has observed a significant drop in the prices of Styrene Acrylonitrile resin (SAN), grade 80 HF ICE LLHK

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8Voice of Indian Oil & Gas Industry April-June, 2024 [FIPI]
8UK Oil Refinery Stanlow plans to sell more fuel when rival shuts [Essar]
8Results for the quarter ended June 30, 2024 [Aegis]
8Investor Presentation Q1 FY2025 [Aegis]
8Earnings Presentation Quarter ending June 2024 30 July 2024 [Jindal Drilling]
8Unaudited Financial Results of the company for the quarter ended on June 30th, 2024 [CP]
8Business Responsibility and Sustainability Report [Tide Water]
8Annual Report for the financial year 2023-24 [Tide Water]  
8Jobs for retired GMs
8Audio Recording of Earnings Call [KPIL]  
8Contracting today: Lot going on
8Unaudited Financial Results for the quarter ended 30th June, 2024 [GAIL]
8GAIL clocks Revenue of Rs 33,692 crore, PAT of Rs 2,724 crore in Q1 FY-25 [GAIL]
8Communication to shareholders regarding deduction of tax at source (TDS) on Final dividend for the financial year 2023-24 [Petronet]  
8Right of way notification
8Intimation of Participation in "the Emkay Confluence- India's Golden Decade" [OIL]
8Vedanta Ltd. Receives Go Ahead from 75% Secured Creditors for Demerger Scheme Filing [Vedanta]
8Intimation on Tax deduction on dividend [HPCL]
8New politics: Oil company to pump in Rs 1700 crore into Bihar [IOCL]
8Unaudited financial results for the quarter ended 30Th June 2024 [IOCL]

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8The DFR for a pipeline project was won

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This desi rig company is going through a good run
8But the next upgrade on its rig prices are only in 2025

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8The Delhi market has witnessed a significant decline in the prices of adipic acid, a key raw material used in the production of nylon, polyurethane, and plasticizers

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8The oil and gas industry had built up a tax expectation from the budget
None of it was fulfilled  

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8The glycerine market in Ahmedabad has witnessed a significant price increase, marking a notable development for businesses and consumers who rely on glycerine for various industrial and commercial purposes

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8A Rs 700 crore private sector drilling campaign will be underway

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8Epichlorohydrin prices in Mumbai have surged today

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This was an IOCL SPM tender
8But the company wanted to include everything in the scope of work
8And failed in the process

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8Phosphorus oxychloride prices in Ahmedabad have surged today, reaching a new high

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8Third party use of CGD infrastructure is now a dead issue, it seems

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A crucial offshore job was won by Apave TIV India Private Limited
8The company quoted well below the L-2 bidder
8What exactly is the company all about
8We list out its competencies here

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8In the latest updates from Delhi, Indian Petrochem analysts on July 31, 2024, reported a decrease in the prices of chloroform

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8Following a stable period of four to five days, the price of Adani Wilmar soap noodles in the Delhi market has declined

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8The Delhi market has witnessed a notable shift in the pricing of SBR 1502, produced by Kumho PC, marked by consistent fluctuations that have introduced an element of unpredictability

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8Today marks another shift in the price of the silane coupling agent LT570 in the Delhi market, following several days of fluctuations

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8The price of stearic acid 1843 in the Delhi market has seen a notable decrease after prolonged stability.

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8After a prolonged period of stability, the price of Poly Vinyl Alcohol GH17R (PVOH) in the Delhi market has increased

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