News & Bulletin Updates

8U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals.

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Seismic data processing a complex job
8And the proof of the pudding is in the eating
8So ONGC has decided that eligible contenders should do a no-cost study first of a given sample, before they are qualified to bid
8Fair enough, it seems

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Jul 14, 2021: Urea tender out

8An urea tender is eventually out.

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8Union Minister for Chemicals and Fertilisers has reviewed the initiatives of DOF for making India self-reliant in fertilizers
8Also, get an update on the status of Ramagundam fertilizer project and Matix Fertilizer Plant

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8The Indian fertilizer sector has made continuous efforts to reduce specific energy consumption
8As a result of numerous measures, the average energy consumption of ammonia and urea plants has improved by more than 34% in the last three decades

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Ammonia-Urea Greenfield Project
8Cost - Rs 5500 crore 8Project Event: The project is in the initial stage, The feasibility study/DPR has been completed, The company said that firstly they will do the Phos acid expansion project, but the hiring of contractors for the Ammonia-Urea project is likely to be completed within 2021. RFQ for the PMC is likely to be released in Q3 2021.
SSP Expansion Project
8Cost - Rs 15 crore
8Project Event: The project is still waiting for the approval of state authorities, all clearances are likely to be elicited in October 2021, central approval has been elicited. RFQ for the local contractor is likely to be released in Nov 2021.

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N-butanol prices moved higher today in the Chennai chemical market.

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Styrene monomer prices have been revised at Hazira.

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Kandla registers new hexane prices.

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A revision in MDC prices has been announced by GACL.

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On July 14, 2021, ammonia (domestic intact) prices were quoted higher in the Ahmedabad market.

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Butyl acetate prices in imported repack are slowly increasing in the Delhi market.

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In Chennai, PAN prices were quoted higher today.

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High VAM prices were quoted in Chennai today.

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Ortho Xylene prices have been revised at Kolkata.

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Acrylonitrile prices have increased in the Ahmedabad market.

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Polyurethane prices are slowly increasing in the Ahmedabad market.

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Imported acrylic prices in the domestic market of Delhi were assessed lower on July 14, 2021.

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On July 14, 2021 Polyamide 6 (M28RC) prices were quoted higher in the Delhi polymer market.

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Imported PET prices have registered a fall in the Ahmedabad polymer market.

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On July 14, 2021 the Ahmedabad polymer market saw a rise in PET (G5801) prices.

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MMA prices are slowly increasing in the Mumbai market.

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On July 14, 2021 methanol prices moved higher in the Mumbai chemical market.

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On July 14, 2021, Petrochem sources confirmed that cyclohexane prices have slipped in the Mumbai market.

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A fall in acetic acid prices in the domestic market of Mumbai was noticed on July 14, 2021.

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