Petrochemical industry: Know more

Find our more on the following topics:
Is India ready to embrace value added petrochemicals?
A case for development of benzene value chain in India – lessons from China
Maximizing refinery margins by Petrochemicals Integration
Coal to olefins – relative economics in low crude oil regime & status of projects in China
Logistics and supply chain dynamics for petrochemicals

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BP maintains a stiff upper lip in India: Onus falls on RIL to manage the relationship

BP is a huge global oil & gas conglomerate and it has a big presence in India through the RIL-BP collaboration which is trying to dig out more gas in the KG Basin
And yet, globally, its reputation among oil and gas professionals is much lower than its heft
A recent survey of global professionals shows that BP's credibility is significantly lower than many companies with a far lower footprint.
Shell and Exxon Mobil, and even companies like Statoil and Cairn score higher than BP
In India too, BP maintains a stiff upper lip and an inflexible demeanor, incommensurate with its prowess, thereby losing both credibility and power, not just with the government but with other stakeholders as well.
It is the failure of the local team to do the footwork that leaves BP's swashbuckling CEO Bob Dudley to do most of the liaisoning directly with key Indian stakeholders.
The abject failure of the BP team to make a mark in New Delhi's corridors of power has forced the responsibility entirely on RIL to be the big partner in the relationship.
It is time for a wholesale managerial change in BP. 

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World's largest diesel gen set operator in India uses energy saving devices to stay viable

The current price correction should be seen as a one-time correction and this will not be a precedent for any such action later for any other similar contacts Find our more on how the world's largest diesel operated power plant in India maintains its viability.
It has been able to fit in two-stage steam turbine induction generator to take full advantage of the extra steam that is produced.
The typical Energy Conservation Steam Turbine can generate incidental Clean, Green Electric Power.

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Our daily LNG price and vessel rates database

For reference purposes, the website has a daily Indian LNG projects carrier price database
We also have daily LNG prices data for key markets around the world
The daily prices are given in terms of
-- FOB rates
-- Transhipment rates, where relevant
-- Spot rates
Easy maneuverability and past price trends are the highlights of our pricing software

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New pricing norm for Basra crude: Indian refiners are unhappy

A new method of pricing Basra crude from Iraq using the monthly average of DME Oman futures two months before the oil loads has not gone down well with Indian refiners. Other Middle East producers like Saudi Arabia, Kuwait and Iran price their oils one month before loading.

This means Iraqi crude loading in October would be priced off DME’s futures contracts in August.
This poses a risk to Indian buyers, who would only be notified by mid-September whether they had successfully bid for a cargo, making it hard for them to hedge against price changes in advance.

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LNG plant in Bangladesh: Petronet LNG out of the race

Petronet LNG seems to be losing out on a deal to build an LNG plant in Bangladesh.
The company could not compete with a host of international competitors, including Chinese and international companies such as Shell.
The selected bidder would have 60 percent stakes in the proposed 3.5 MMTPA project while Bangladesh would have the remaining 40 percent which would be built under engineering, procurement and construction contract.
Read more on Indian LNG projects imports by Bangladesh, with deals not just with Oman but with Malaysia and Indonesia in the offing.

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Rs 12,000 crore coal-based ammonia urea units: LSTK contracts are coming up

Nearly 70% of China's urea capacity is based on ammonia produced from syn gas extracted out of coal
In India, two such projects are coming up, with price tags of around Rs 12,000 crore
In one, an international agency has been hired as consultant
In the other, process licensors have been selected.
Clearly promoters of both these urea-ammonia plants seem to be seriously going about trying to get their clearances and financial closures
For one, the RFQ for the LSTK contractor is expected in November 2017, for another in 2018

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