8Indian Petrochem analysts have reported a price drop for Methyl Isobutyl Ketone (MIBK) in the Mumbai market

8Explore the latest bulk chemical prices from the Mumbai market, updated for today
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8Reminder: Program for the publication of Yara International ASA first quarter results 2025 [YARA]
 8Current news on the latest developments in fertiliser, energy, weather, agriculture [FAI]
 8Financial results for the quarter and financial year ended March 31, 2025 [RIL]
 8Change in management [RIL]
 8Investors presentation [RIL]
 8Rallis India Limited reports FY25 revenue at Rs. 2,663 Cr and PAT at Rs. 125 Cr; board recommends dividend of Rs. 2.50 per equity share [RIL]
 8Approval of financial results, auditor appointments, and other key decisions [KCFL]
 8Appointment of secretarial auditor of the company [KCFL]

8Project Name: Kota District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

8Project Name: Gwalior (Except already authorized) District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

8Minutes of Open House Discussion on Draft PNGRB (Imbalance Management Services) Amendment Regulations, 2025 [PNGRB]
8Public Consultation Document Issued for Tariff Review of East West Natural Gas Pipeline by PIL under PNGRB Regulations, 2008 [PNGRB]
8Intimation of Conference Call on April 28, 2025 to Discuss Audited Financial Results [IGL]
8BPCL and GPS Renewables Ink JV Agreement to Establish Compressed Biogas Plants [BPCL]

Ammonia-Urea Brownfield Project
8Cost: Rs. 16372Cr.
8Project Event: The project is advancing steadily, with overall completion now at 67.10% and the OSBL scope already 80.89% finished. Key civil and structural milestones have been met: the Coal Gasification Frame has reached the 5th of 7 floors, the UreaMainFrame stands at the 4th of 5 floors, the PrillingTower has risen to 106m of its 123m target, and formwork is under way at the 11m level for all six cells of the 17mtall UreaCoolingTower. Recognizing schedule pressure, PDIL has recommended a provisional extension to the LSTK contractor, WECL, and is issuing an addendum to the DFR to quantify any cost impacts. With major structures well advanced and proactive timeline and costmanagement measures in place, the project remains on a clear path toward the timely completion of the remaining works.
Phosphoric acid Expansion Project
8Cost: Rs. 500Cr.
8Project Event:Project activities are still on hold and are now expected to resume in Q32025. Because of internal matters, the RFQ for the LSTK contractor is also likely to be issued in Q32025.

It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
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8LNG
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8Ammonia

It looks like one company has firmly got its grip on the small scale LNG market in India.
8The market can be vast.
8A lack of pipeline network and the proliferation of CBG plants could lead to a explosion in small LNG plants, provided costing is lower than imported LNG.
8Given that the competition is really imported gas, given India's demand supply gap, there is a massive market opportunity here as the cost of processing can be higher yet cheaper than imported LNG.
8With proprietary technology and equipment, the company seems to have hit a goldmine.
8This company, with great local help, was able to crack open the market, and now in India, since one has succeeded, intrepid middleman must rush to capitalize on such business opportunities.

The fact that EIL can get disqualified in a normal consultancy bid was somewhat of an eye opener
8But then it did
8Is there some bad blood between the refiner and EIL?

Pipeline systems from Koyali to Panipat and Salaya to Mathura fall under this risk review.
8Expect insights to flow into IOCL’s broader safety revamp strategy.

Indian refiners are strong on risk that are involved in their plants. They know all hell will break loose if there is a high level incident
8So that they do diligently is to stay risk averse, or do de-risking exercises ever so often
8Here is on refiner who wants a risk scenario drawn up for more than 75 distinct units, including commissioned and under-construction blocks. Even offsites and utilities are to be mapped for individual and societal risk contours
8What is sought to be imposed is ALARP (As Low As Reasonably Practicable) compliance for each risk identified. Recommendations are not optional — the contractor is expected to demonstrate active risk mitigation across fire, toxicity, and explosion scenarios.

Indian refiners are strong on risk that are involved in their plants. They know all hell will break loose if there is a high level incident
8So that they do diligently is to stay risk averse, or do de-risking exercises ever so often
8Here is on refiner who wants a risk scenario drawn up for more than 75 distinct units, including commissioned and under-construction blocks. Even offsites and utilities are to be mapped for individual and societal risk contours
8What is sought to be imposed is ALARP (As Low As Reasonably Practicable) compliance for each risk identified. Recommendations are not optional — the contractor is expected to demonstrate active risk mitigation across fire, toxicity, and explosion scenarios.

With a 40-year-old base and legacy silos, ONGC plans a ground-up revamp is eye catching
8The company plans to introduce vertical storage optimization, enclosed conveyors, and smart automation for higher throughput.

8Here's what's happening today in the E&P, midstream-downstream, and CGD section

Eyebrows were raised when Oil India Ltd lumped an onshore contract with two offshore blocks
8But then on close scrutiny, it began to make more sense

This is an onland rig tender
8And what is interesting is that the terms were relaxed
8So that what is preventing the submission of bids for so long?

This is an LNG company with supposedly good contacts in New Delhi
8But it was caught doing something patently wrong

Why is ONGC stalling the opening of this high value rig tender?
8What is the thinking behind it?

8Why is that so?

Why are these drilling rigs up for sale
8What could be the reason for that?
8Who could possibly buy them?

Why is the ONGC officers so unhappy these days
8Is the management running roughshod over them?

8Can this offshore basin be also as prolific as the KG Basin
There are early signs of hope.

Why are offshore rig prices touch such lows?
8And why is this bidder doing so?