8Density range tightening may force bidders to revisit bulk handling systems
8Downstream equipment like prilling towers and silos may now face load recalculations
8Another change imposes E3D/PDMS usage with strict geometry classification. Lack of model validation protocol, however, could still leave room for interpretation
8New declaration forms issued for domestic steel use may trigger sourcing realignment for bidders using imported alloys
8With tiered 3D accuracy mandates and software specifications, PDIL seems to be steering LSTK-4 into post-construction digital integration era
8Four technical/commercial updates in under 10 days point to a deliberate mid-cycle reset—possibly due to internal design revalidation

This private E&P company raises Rs 500 crore
8This is for a a multi-field, multi-basin ramp-up backed by development plans, PMLs, ECs, and strategic infrastructure

A private homegrown chemical company is on a Rs 3500 crore investment foray
8Surely oil & gas PMCs and EPCs will be interested?

Pressure Vessel Purge: Toyo’s strategic blacklisting shakes market
8Financially fragile or performance-challenged fabricators find themselves ousted, reshaping procurement dynamics.
8Conflict wall holds: BPCL-Toyo names advisors despite bidder pushback
Likely under pressure from PMC Toyo, BPCL formally discloses EIL, McKinsey, KBC, and Univation as conflict-linked
It did so by rejecting contractor demands for clause dilution.
83D model declared non-binding: Toyo draws legal line early
In a first-layer disclaimer, the PMC disowns the 3D reference model as a contract basis
This shields BPCL and Toyo from post-award design liability

These firms will soon qualify for an extremely elite energy club that will do deals worth thousands of crores in one go
Never before have the selection criteria been more selective
8Deloitte India
8PwC India
8Ernst & Young (EY) India
8KPMG India
8Alvarez & Marsal India
8SMC Capitals Ltd.
Find out more

8EIL's invite-only tender model draws just three players for the CRZ study of BPCL’s Ramayapatnam mega-refinery.
8With no pre-bid meeting or detailed clarification, bidders are left to assume critical baseline data requirements—posing compliance risks down the line.

Oil India launches rare call for UBD consultancy in mature basins, aiming to cut NPT and revive aging well economics.
8With no reference to candidate well logs or zones, bidders may face hurdles in delivering credible UBD projections.
8If successful, this initiative could become a precedent for non-conventional drilling models across Indian onshore assets.

8Who says investing in India's oil & gas infrastructure is a bad idea for foreign companies ?
8Look at this one, it elicited a massive 270 per cent gain in valuation

1. OIL’s Deepwater Dreams Begin with Total and Petrobras on Board
8Backroom alliances with TotalEnergies and Petrobras mark Oil India’s pivot to ultra-deepwater exploration in OALP-IX and X—raising the stakes for India’s most geologically ambitious drilling campaign yet.
2. Flare No More: OIL Evacuates Stranded Arunachal Gas at Rs 6.5+/MMBTU
8Gas once flared at Kumchai is now monetized—thanks to new compressor stations and evacuation lines—ushering in both revenue and carbon offset gains.
3. One Pipeline, Two Strategies: Duliajan Feeder Line Rerouted to Save Rs 780 Cr
8Oil India reroutes its gas pipeline to skip Brahmaputra crossing, cutting one year of delay and Rs 780 crore in cost—quietly redefining gas infrastructure strategy in Assam.
4. Refinery First, Crude Later: Numaligarh Set to Commission Before Supply Line Completes
8The 9-MMTPA NRL expansion is on track for December 2025, but the 1,640-km Paradip crude line may cut it close—testing OIL’s execution choreography.
5. Mozambique LNG Eyes July Restart—Can the $1.8 Bn Bet Finally Pay?
8OIL’s biggest overseas investment inches toward revival as Total hints at restart this July—investors await a long-stalled dividend stream to flow.
6. NRL’s Polypropylene Bet Bucks the Downcycle—14.5% IRR Claimed
8At Rs 7,200 crore, OIL’s new PP plant stakes a claim to downstream value—despite global price headwinds and skepticism over standalone viability.
7. 75+ Wells, But No Wild Gambles: OIL’s Drilling Mix Tells a Conservative Tale
8While the company plans to drill over 75 wells this year, only 10–11 are truly exploratory—highlighting a risk-averse, production-first philosophy.
8. Diverging Fortunes: Standalone PAT Outpaces Consolidated as Overseas Ops Drag
8Despite robust domestic earnings, Oil India’s overseas subsidiaries weighed down consolidated PAT—pointing to structural volatility in its global portfolio.
9. Green Without Going Global—OIL Puts 5 GW Renewable Ambition Entirely on India
8Despite being active in 7 countries, OIL’s renewable roadmap to 2040 remains purely domestic—suggesting a cautious approach to energy transition risks abroad.
10. 20% of OIL’s Gas Output May Now Qualify for Premium Pricing
8CMD confirms up to 25% of OIL’s gas may meet ‘new well’ criteria under the Parikh formula—unlocking premium pricing amidst a bullish gas outlook.
11. 1 Lakh Cr Ambition, Quietly Confirmed: CMD Endorses Hidden Revenue Target
8CMD Ranjit Rath tacitly affirms that Oil India + NRL are chasing a Rs 2 lakh crore topline by 2030—a vision internalized across boardrooms.
12. Excise Windfall Secured: Northeast Refinery Benefits Have No Sunset Clause
8Contrary to industry expectations, CMD confirms excise duty exemptions for NRL will continue indefinitely—shielding GRMs and bolstering margins.
  

Semac is a desi diving vessel and marine logistics company with an impressive global footprint. And a lot is going on with it
8After months of downtime and visa delays, the Swordfish has been chartered by Aramco at a fixed rate for 730 days, signaling a long-term foothold in the Gulf’s saturated diving support segment.
8With all vessels deployed and no idle capacity, Seamec fast-tracks fleet expansion through a new MSV purchase—financed via internal accruals and debt—to meet a confirmed 4–5 year offshore contract.
8Despite UAE arm turning profitable, depreciation and interest costs from the UK unit continue to drag consolidated profits—pushes cash-positivity to FY26–27
8Seamec’s two-season alliance with Porsche Subsea and L&T concludes, with revenue fully recognized. The team now enters PRP-VIII—smaller, but strategic in keeping ageing assets productive.
8Despite rising O&M costs, three of Seamec’s oldest vessels remain operational. Company confirms no scrapping planned unless margins collapse.
8Investments in UK operations yield no immediate cash; losses tied to non-cash depreciation and interest on capex. Strategy being “re-evaluated.”
8Saudi Arabia’s visa ban for South Asians during Haj month stranded Seamec Swordfish at port in April, derailing initial March charter plans.
8All operational vessels now on 2–5 year charters; only Seamec Barge remains on scheduled off-hire during monsoons. Dry dock maintenance expected to cause minor revenue dips mid-year.
8Unlike drilling rigs tied to oil price swings, Seamec’s post-discovery MSV operations enjoy fixed charter stability—ensuring predictable returns even in downcycles.
8Seamec launches Searete India IFSC Pvt Ltd, a JV with Arete Shipping DMCC, to buy and charter bulk carriers. The venture is asset-backed and expected to generate rental income from year one.
8With tonnage tax shielding most shipping income, Seamec’s sudden tax spike arose from profits on its non-qualifying barge and income from interest and mutual fund gains.
8The long-promised transfer of HAL’s vessel Seamec Anant to Seamec Ltd is still under process. Seamec aims to consolidate ONGC contracts under its own banner during renewals.

8Vedanta has allotted Rs 5,000 crore in unsecured, listed NCDs across three series
8The allotment was approved by its Committee of Directors
8And this move supports the company’s strategic financing via private placement

8Antioxidant Grade 4020 has witnessed a price increase of Rs.3/kg in the Ahmedabad market

8Delhi, June 5, 2025 — The price of Silicone Oil (Grade L.K) has increased by Rs.3 per kilogram in the Delhi market

8The price of Carbon Black grade N220, produced by Philips, has seen a decline of Rs.3/kg in the Delhi market

8Pure Acrylic Emulsion (Grade 55%) prices in the Mumbai chemical market are witnessing a rise this week after a significant drop, ending a period of stagnation

8A surge in demand has pushed LDPE (16MA400) prices up in Kanpur

8Today, the Hyderabad market saw LLDPE (F19010) prices going up

8Prices of Polyethylene Glycol 600 (PEG 600) have moved upward in the Mumbai chemical market

8Caustic soda flakes prices in the Delhi market are subtly sliding downward, offering a minor but noticeable relief to industries reliant on this chemical

8The liquid chlorine market in Ahmedabad has today witnessed a price cut

8Explore the latest bulk chemical prices from the Mumbai market, updated for today
8Stay informed with comprehensive insights into key commodities and trends

8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

8Lacerta Group has launched its Seal N’ Flip™ packaging, aiming to cut plastic use by up to 50%
8With both environmental and cost benefits, Seal N’ Flip™ positions Lacerta as a leader in next-gen food packaging

Despite IEX clearing prices shooting past Rs 10/kWh during peak evening slots, over half of India’s private gas plants stood idle in May.
8Is the issue a lack of fuel, or is gas power simply priced out of the market?
8Clearly, India's gas fleet is being bypassed at peak hour. Whether it's inflexible PPAs, expensive fuel, or system-level misalignment, the result is the same: stranded assets in a market that claims to reward flexibility.

BPCL’s compressor revamp tender retendered with tighter NDA, access controls
 8A revised RFQ for Bina refinery’s SPP compressor revamp enforces stricter digital compliance, NDA gating, and clearer OEM access rules — hinting at lessons from the first round.
 Signal cable scope raises qualifier alarm: GMPL PTA tender packs hidden specification Traps
 8While the GMPL PTA instrumentation cable tender outlines stringent IEC- and IS-based specs, bidders flag cumulative design obligations and inflexible drum constraints. Few Indian vendors may be able to fully comply without price or schedule risk.
 8IEC 60331, 60332, and LSZH clauses compound vendor material complexity—rare in a domestic-only tender.
 Licensor Stringency May Be Slowing BPREP’s PP-Butene EPCC Progress
 8The involvement of Axens and tight NDA controls suggest a licensor-driven delay in releasing engineering details
 8This makes it harder for EPC bidders to firm up proposals on time.
 8The Axens-BPCL NDA extends confidentiality to third-party subs, but also pushes full liability upstream to the bidder
 Buried risks and quiet reversals: EIL tweaks BPREP cooling tower tender under industry radar
 8Multiple commercial relaxations and shifting timelines signal trouble beneath the surface.
 8While structural terms seem minor, deeper financial and scope adjustments mark a silent recalibration in BPCL’s LSTK playbook.
 8We analyse what is really going on
 Exotic metallurgy puts local fabricators under pressure for heat exchanger order
 8With Monel cladding and UOP-licensed specs in play, few Indian firms may meet the qualification curve—raising dependency on niche foreign suppliers.
 Multiple bid extensions hint at scope confusion in MRPL instrumentation tender
 8Two-line teaser Five bid extensions and pre-bid clarifications expose deep-seated mismatches between vendor capabilities and EIL’s radar-level instrumentation scope.
 8Clauses marked “not applicable” suggest recycled ITPs with limited project fit.
 8Sections meant for float and servo instruments were retained verbatim, forcing bidders to sift through irrelevant clauses.
 8EIL insists on vendor-supplied still wells via MR, despite mechanical nature—adding ambiguity and capex.
 8Despite clear queries on tank volume and flow rates, EIL cites MR compliance—risking under/oversizing.
 8While regulatory compliance was acknowledged, EIL remained silent on alternate bonnet types and pressure range flexibility.
 8Bidders were told no deviations allowed, yet key technical ambiguities remained unresolved post pre-bid.
 8We analyse what is going on here
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