Compressor tender brings heat: ONGC tightens vintage, safety and mobility rules
8From 120 kg/cm² pressure delivery to onboard fire protocols, ONGC’s Assam charter hiring tender leaves no margin for low-spec vendors.
8Contractors must park compressors on-field 24/7 but earn only by usage, raising viability concerns for smaller players.
8With deployments across Lakwa, Geleky, Demul and others, lack of clear site sequence may disrupt planning and spares stockpiling.
ONGC’s Nhava jetty revamp: Pre-bid clarifications fail to plug gaps as deadline shifts again
8Despite detailed pre-bid responses, queries on layout drawings, caisson handling logistics, and milestone payments persist—indicating that ONGC’s response may not have sufficiently addressed bidder concerns on-ground.
8The turnkey format may be nudging bidders toward JV models, but marine-civil-electrical integration is notoriously hard to align contractually—likely triggering repeated extension requests.
OIL’s 1000 HP rig tender sees slow traction despite attractive 2-year term
8A two-year deployment period usually attracts robust bidder interest, but repeated extensions point to deeper logistical or cost modeling friction—particularly on power-pack and maintenance responsibilities.
8Also, with India’s pool of active 1000 HP mobile rigs already thinned by higher demand, the delay could indicate tight vendor capacity and realignment with global or offshore fleet timelines.
ONGC diesel tender extended again: Why bidders may still be cautious
8Despite revised SCC and widened delivery flexibility, ONGC’s all-India diesel tender sees fresh deadline push to 04 June—suggesting private OMCs may still be weighing pricing versus infrastructure handover terms.
8The WDV clause mandating asset takeover and handback for diesel pumps is being closely scrutinized by bidders. The extension hints at ongoing internal negotiations over long-term capex recovery.
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8Praj, IATA, and ISMA collaborate to boost SAF carbon certification in India [Praj]
 8Q4 and FY25 earnings conference call transcript [Seamec]
 8OIL India Ltd.'s annual investors and analysts meet 2025 [OIL]
 8Change in senior management personnel of the company [Adani Gas]
 8Synergia JV partner Selan secures drilling and workover rigs for Cambay PSC development program [Synergia]

Granular Single Super Phosphate Greenfield Project
8Cost: Rs. 148Cr.
8Project Event: The selection process for the LSTK contractor, originally targeted for completion by March 2025 and subsequently extended to June 2025, has now been further extended. This adjustment is necessary due to continued advanced discussions with local contractors and the ongoing resolution of key internal matters related to recruitment and project execution strategy. To ensure a comprehensive and well-informed decision that aligns with long-term project objectives, the finalization of the LSTK contractor is now expected by August 2025
Soda Ash and Ammonium Chloride Expansion Project
8Cost: Rs. 156Cr.
8Project Event:The Environmental Authority is in the final stages of granting clearance, with approval now expected by Q3 2025. The RFQ for the Project Management Consultant, originally planned for the end of Q2 2025, is now anticipated in early Q3 2025. Meanwhile, the company continues to explore financial support for its expansion. Following a favorable offer from YES Bank, the company has formally approached AMIH P Ltd for an Undertaking/Letter of Comfort worth ₹80 crores to secure funding.

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

UBD ARRIVES IN ASSAM: OIL’S TECH GAMBLE BEGINS WITH FEASIBILITY PROBE
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.

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

8Paraformaldehyde 96% witnessed a price correction in the Mumbai market today, as local demand showed slight signs of weakening

8The Delhi plastic film market saw a correction today as prices for BOPP (Biaxially Oriented Polypropylene) transparent film of 18-micron thickness slipped by Rs.2/kg

8The Ahmedabad plastic market witnessed a modest upward movement today as prices for PA6 grade E35 increased by Rs.2/kg

8The Ahmedabad plastic market witnessed a notable price hike on June 4th, with PA6 grade M28RC increasing by Rs.3/kg

8The price of HDPE, grade (B56003), in the Ludhiana domestic petrochemical market was low today

8The domestic market for propylene in Delhi (H030SG) experienced a price movement today

8The volumes of Glycerine (IP Grade) in the fillet chemical market have recently seen stability

8In a significant development, the prices of monostearin (grade 40%) in the Ahmedabad Chemical Market have declined after a prolonged period of stability

8The price ofHydrogen peroxidein the Ahmedabad market experienced an upward movement today, attributed to slight fluctuations in supply and demand

8The Ahmedabad market witnessed a sharp decline in Superabsorbent Polymer (SAP) prices today, reflecting an ongoing supply glut and weak demand from key downstream sectors

8Formic acid prices in the Mumbai market were high today

8A downward adjustment has been reported in Isopropyl Alcohol (IPA) prices in the Mumbai market

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

A strong product mix and financials strengthen market positioning
8The company aims to outperform with new launches and export growth

8India, boosted by strong monsoons and policy support, expects record sugar production this year
8This could shape market dynamics and impact global sugar trade

8The upcoming expo spotlights rural gains from turning farm waste into fuel
8This could significantly boost rural employment and income

8Indonesia and Malaysia are driving the surge in palm oil production, cementing its dominance in the vegetable oil market
8Industry stakeholders should prepare for shifts in supply chains and pricing strategies

8With Novelis as its partner, VELUX is transforming its iconic skylights using low-carbon aluminium
8Find out how heavyweight partnerships are reshaping the future of green construction

8With game-changing polymer waveguides, Mitsui and Dispelix are setting the AR scene on fire
8Who needs glass when you’ve got this?