Tag Archives | OIL

Students still love IT

Indian information technology (IT) companies may no longer be queuing up at campuses for fresh graduates but engineering students continue to rank this sector above all others, according to the latest Nielsen Campus Track T-Schools study. Chemicals, not surprisingly, does not figure on the list although oil and gas was seen as the ‘industry of […]

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Naphtha is back in fashion

A steep drop in petrochemicals demand had dragged down naphtha prices in the last two months. But low prices have stinulated demand, not only from crackers but also from fertiliser and power plants. With naphtha below $300/tonne, some Indian fertiliser and power plants are moving away from liquefied natural gas (LNG), says this report. Imports […]

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Reliance pumps oil

It is finally here. After years of waiting and rumours of delays Reliance Industries has finally started pumping oil from its massive KG-D6 block of the Krishna Godavari basin. Initially about 5,000 bbls/day of crude is being pumped out although the plan is to reach 550,000 bbls/day over the next six to eight quarters. While […]

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Assam’s mini methanol project

Why is it that state-owned companies refuse to think big? After GAIL (India)’s small cracker it is Assam Petrochemical that has floated a plan for a 165,000 tonnes/year methanol plant in Northeast India. A company source has confirmed that negotiations have started with Oil India Ltd (OIL) and Oil & Natural Gas Corp (ONGC) for […]

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Petchem politics

Will politics help Indian petrochemical companies gain access to cheap Saudi feedstock? Well, the government appears to be making an effort in this direction. During his visit to Saudi Arabia last week, India’s external affair minister emphasised the need for greater participation by Indian companies in Saudi oil and gas exploration as well as the […]

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More on gas…

Any talk of oil and gas inevitably leads to Reliance Industries and its lucky strikes in the Krisha-Godavari and Cauvery basins in India. The finds are the foundation for Reliance’s upstream business but a lot of work still needs to be done. It is estimated that the company is spending $80,000/day in its search for […]

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