Petro Daily Newsletter

Headline Scan Wednesday -- February 19, 2014 BP, DGH spar over cost to return block Work on Ennore LNG import terminal set to start Why suspending DBT scheme would be a retrograde step ONGC: Ad hoc subsidy, tax liability and stagnation in production to weigh heavy Indian railway locomotives to be on LNG track by 2016 Oil and gas auction might be put on hold Oil-directed drilling maintaining pace of Eagle Ford gas output growth: Barclays US' Kosmos to drill first oil well offshore Morocco in mid-March: official Obama set to order new fuel standards for US trucks Essar Energy to mothball unit at Stanlow refinery Iran mulls joint energy work with neighbors Britain to back plans for new oil and gas regulator -source Essar Energy unveils $100 million programme for UK refinery Myanmar gives up oil for Interra Resources Deadline looms as Panama Canal, consortium seek end to cost dispute Oil edges higher as U.S. cold and dollar support Hedge funds increase Brent oil bets Natural gas shoots up as winter storm pummels northeastern U.S. See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BP, DGH spar over cost to return block New Delhi: British oil and gas major BP Plc has locked horns with Directorate General of Hydrocarbons (DGH) over undue charges being sought for s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047438   Work on Ennore LNG import terminal set to start CHENNAI, The Rs. 4,320-crore Ennore LNG import terminal project, coming up at Ennore Port near Chennai, has gathered pace with the Petroleum and ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047439   Why suspending DBT scheme would be a retrograde step Reportedly, the government of India is planning to suspend the Scheme of Direct Cash Transfer of LPG Subsidy through Aadhaar. This has raised a c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047440   ONGC: Ad hoc subsidy, tax liability and stagnation in production to weigh heavy State-run explorer ONGC's surprise jump in net profit despite a high subsidy burden was largely due to a depreciated rupee and some accounting ch... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047441   Indian railway locomotives to be on LNG track by 2016 Business Standard reported that by 2016, Indian Railways may usher in an era of liquefied natural gas based locomotives. In about 2 months, it is... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047442   Oil and gas auction might be put on hold With the UPA II-regime getting into exit mode, the tenth round of oil and gas auctions are likely to be postponed till a new government comes to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047443   Oil-directed drilling maintaining pace of Eagle Ford gas output growth: Barclays Houston - Although producers in the Eagle Ford Shale play in southern Texas are largely targeting oil and natural gas liquids, production of asso... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047444   US' Kosmos to drill first oil well offshore Morocco in mid-March: official London, Dallas-based Kosmos Energy plans to drill its first well offshore Morocco in the coming weeks in a bid to unlock the multi-billion barrel... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047445   Obama set to order new fuel standards for US trucks WASHINGTON  - President Barack Obama will direct federal agencies on Tuesday to develop higher standards for medium-sized and heavy trucks o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047446   Essar Energy to mothball unit at Stanlow refinery Essar Energy Plc said it would mothball a small crude unit and start a $100 million cost improvement programme at UK's second-biggest oil refiner... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047447   Iran mulls joint energy work with neighbors TEHRAN, Working with regional partners on developing joint oil and gas reserves is mutually beneficial, Iranian President Hassan Rouhani said. Ro... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047448   Britain to back plans for new oil and gas regulator -source LONDON  - British ministers will next week back plans for a new regulator to ensure North Sea oil and gas firms squeeze the maximum economic... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047449   Essar Energy unveils $100 million programme for UK refinery NEW DELHI: London-listed Essar Energy plc today said it will start a USD 100 million cost improvement programme at UK's second-biggest oil refine... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047450   Myanmar gives up oil for Interra Resources SINGAPORE, Singapore's Interra Resources Ltd. said a well drilled into the Chauk field in Myanmar was producing oil and marked its third well com... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047451   Deadline looms as Panama Canal, consortium seek end to cost dispute The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibill... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047452   Oil edges higher as U.S. cold and dollar support LONDON, Oil edged higher above $109 a barrel on Tuesday, supported by robust demand for heating fuel in top consumer the United States, a weaker ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047453   Hedge funds increase Brent oil bets LONDON  - Hedge funds and other large investors raised their bets on higher Brent crude oil prices in the week to February 11, data from the... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047454   Natural gas shoots up as winter storm pummels northeastern U.S. Natural gas futures shot up on Tuesday as a winter storm trekked across the northeastern U.S., sparking a rally due to sentiments homes and busin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047455   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here

Petro Daily Newsletter

Headline Scan Tuesday -- February 04, 2014 Jet fuel prices cut by about 3% Immediate Support Vessels squadron commissioned Brent hits 2-wk low at $106; supply fears stem losses U.S. oil falls $1, manufacturing data weighs; cold supports Brent Turkey expels gas-hunting Total ship licenced by Cyprus Shale boom in U.S. weighs on Brazil petrochemical firms -Odebrecht China's oil refining party at an end as capacity is cut Iran getting first batch of oil money Egypt forecasts gas shortage next fiscal year OPEC oil production reaches 29.94 million bpd in January North Sea Buzzard oilfield has new output glitch-trade sources PNG, CNG Prices Cut, But Not in City BP may Pump up Retail Market with ATF Foray RE IMPACT - Signs of green shoots as cos' Q3 profit grows 24% CNG prices to come down by 15 in Capital Gulf Oil Corporation demerger into two listed companies HPCL officials to meet Raje over refinery Confusion prevails among consumers connected with direct benefit transfer scheme on LPG See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Jet fuel prices cut by about 3% New Delhi: Jet fuel constitutes over 40% of an airline's operating costs and the price cut will reduce the fuel cost of the cash-strapped carrier... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047216   Immediate Support Vessels squadron commissioned MUMBAI: In the continuing efforts to strengthen maritime security, the 81st Immediate Support Vessels (ISVs) Squadron comprising seven ISVs were ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047218   Brent hits 2-wk low at $106; supply fears stem losses SINGAPORE, Brent futures fell to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand growth worries, but fres... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047232   U.S. oil falls $1, manufacturing data weighs; cold supports Brent NEW YORK, U.S. oil futures fell more than $1 on Monday, pressured by weak U.S. factory data and a sinking stock market, while Brent crude's decli... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047231   Turkey expels gas-hunting Total ship licenced by Cyprus NICOSIA  - Cyprus will complain to the United Nations, it said on Monday, after the Turkish navy expelled a ship looking for gas in disputed... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047230   Shale boom in U.S. weighs on Brazil petrochemical firms -Odebrecht A drop in natural gas prices caused by a shale gas boom in the United States is hurting Brazilian petrochemical company profits by reducing prici... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047229   China's oil refining party at an end as capacity is cut Mainland refiners, like many before them, now realise that parties don't last forever and eventually everyone has to sober up. The decision by st... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047228   Iran getting first batch of oil money TEHRAN, Iran's chief nuclear negotiator, Abbas Araqchi, said some of the $4.2 billion in oil revenue freed by nuclear agreements is on its way to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047227   Egypt forecasts gas shortage next fiscal year CAIRO - Egypt's energy woes are likely to worsen in the next fiscal year as gas production fails to meet surging domestic demand, according to go... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047226   OPEC oil production reaches 29.94 million bpd in January The Organization of the Petroleum Exporting Countries' (OPEC) oil production reached an average of 29.94 million barrels per day in January, Reut... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047225   North Sea Buzzard oilfield has new output glitch-trade sources LONDON  - The North Sea Buzzard oilfield has had a new output glitch, two trading sources said on Monday. Details of the issue were not imme... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047224   PNG, CNG Prices Cut, But Not in City NEW DELHI, The government has slashed the price of piped natural gas for households and CNG for automobiles by 20% to 30% by diverting cheap dome... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047223   BP may Pump up Retail Market with ATF Foray NEW DELHI, ENERGY GIANT KEEN ON ALLIANCE WITH IOC FOR SELLING JET FUEL Global energy giant BP, which has already invested over $8 billi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047222   RE IMPACT - Signs of green shoots as cos' Q3 profit grows 24% Mumbai: There are early signs of green shoots in the quarterly results announced by top Indian corporates. The aggregate results of 289 companies... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047221   CNG prices to come down by 15 in Capital New Delhi: Your commuting and cooking bills are going to come down sharply in the next 2-3 days if you live in a city such as Delhi that runs on ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047220   Gulf Oil Corporation demerger into two listed companies Gulf Oil Corporation has approved the demerger of lubricants business of the company into a separate company namely Gulf Oil Lubricants India Lim... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047219   HPCL officials to meet Raje over refinery JAIPUR: Amid uncertainty over the refinery at Pachpadra, major stakeholder Hindustan Petroleum Corporation Ltd (HPCL) has sought an appointment w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047217   Confusion prevails among consumers connected with direct benefit transfer scheme on LPG LUCKNOW: There are many confusions prevailing among LPG consumers who have linked their bank accounts and connection numbers with Adhaar number b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047215   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here