Petro Daily Newsletter

Headline Scan Wednesday -- August 08, 2012 Venezuela seeks more investments from India in petroleum sector Great Eastern won't ship Iran crude unless comfortable with insurance Oil rises on record low North Sea programme Story RIL gets conditional nod for $1 bn investment in KG-D6 Oil Minister to face tough questions in Parliament's monsoon session starting Aug 9 Gas pricing: Sarma writes to CAG, Sebi Reliance Industries' gas output from KG D6 at 29 mscmd Joint venture for gas can expand operations beyond Vadodara Centre stops diversion of KG basin gas to Maha 'Pak-India trade can reach up to $10b' Three RIL KG D6 discoveries declared commercial: Source Medco takes Reliance's stake in Yemen block EIA projects slightly higher global oil demand growth Gulf Oil-Tanker Glut Is Seen Expanding On Fewer Bookings Lawmakers urge Obama admin to OK natural gas exports PAKISTAN : Govt to revise oil prices every week IP gas pipeline role vital for Pakistan economy Oil lifted by prospects of U.S. quantitative easing Crude rallies on ECB speculation, weak greenback, storm fears See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Venezuela seeks more investments from India in petroleum sector Venezuela is keen on more investments from India in the petroleum sector. This was conveyed to Foreign Minister S.M Krishna by his Venezuelan cou... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039364   Great Eastern won't ship Iran crude unless comfortable with insurance Bangalore: Great Eastern Shipping Co. Ltd said on Tuesday it was not obliged to carry crude from sanction-hit Iran for state-owned Mangalore Refi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039367   Oil rises on record low North Sea programme Oil futures stayed above $110 a barrel on Tuesday, after jumping by $1, as supply worries came to the forefront with North Sea production due to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039382   Story RIL gets conditional nod for $1 bn investment in KG-D6 Reliance Industries and BP Plc on Tuesday won approval for over $1 billion expenditure in the flagging KG-D6 gas block but were ordered to drill ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039363   Oil Minister to face tough questions in Parliament's monsoon session starting Aug 9 On August 9, the monsoon session of the Parliament will deal with questions on the oil and gas sector. Bloomberg UTV has learnt that some crucial... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039365   Gas pricing: Sarma writes to CAG, Sebi Former bureaucrat E.A.S. Sarma sought on Tuesday, the intervention of the Comptroller and Auditor General (CAG) into the allocation and pricing o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039366   Reliance Industries' gas output from KG D6 at 29 mscmd Energy major Reliance Industries' current output of gas from KG D6 block, stood at 29 million standard cubic metres a day (mscmd), oil minister S... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039368   Joint venture for gas can expand operations beyond Vadodara VADODARA: The joint venture (JV) company of GAIL (India) Ltd and Vadodara Municipal Corporation (VMC) for city gas distribution will not limit it... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039369   Centre stops diversion of KG basin gas to Maha Hyderabad,  Conceding Andhra Pradesh's demand, the Centre has decided to stop diversion of natural gas from Krishna-Godavari basin to Mahara... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039370   'Pak-India trade can reach up to $10b' LAHORE : The Indian decision to remove ban on foreign investment from neighboring Pakistan will be helpful in peace-building and p... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039371   Three RIL KG D6 discoveries declared commercial: Source NEW DELHI: A panel of officials, including those from the upstream regulator, have declared three gas discoveries in Reliance Industrie... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039372   Medco takes Reliance's stake in Yemen block Indonesia's Medco Energi has signed a sale and purchase agreement with India's Reliance Industries to gain a 25% interest in Block 9 in Yemen.In ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039373   EIA projects slightly higher global oil demand growth Worldwide liquids fuels consumption will grow by 800,000 b/d this year and by 900,000 b/d in 2013, according to the latest outlook from the US En... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039374   Gulf Oil-Tanker Glut Is Seen Expanding On Fewer Bookings The surplus of the largest oil tankers available to load cargoes in the Persian Gulf expanded as the number of vessels booked to haul crude to As... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039376   Lawmakers urge Obama admin to OK natural gas exports Lawmakers ratcheted up pressure on the Obama administration on Tuesday to speed approval for companies to export natural gas, arguing it would he... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039377   PAKISTAN : Govt to revise oil prices every week ISLAMABAD: Despite opposition by the Finance Division, the Economic Coordination Committee (ECC) on Tuesday allowed the government to review petr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039378   IP gas pipeline role vital for Pakistan economy Pakistan Tribune cited Mr Syed Nayyer Hussain Bukhari chairman of Pakistan Senate as saying that the IP gas pipeline role as vital for Pakistan e... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039379   Oil lifted by prospects of U.S. quantitative easing LONDON,  - Oil futures rose towards $111 a barrel on Tuesday, after new calls were made for further U.S. monetary easing and on supply worri... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039380   Crude rallies on ECB speculation, weak greenback, storm fears Crude oil futures soared higher Tuesday, as the euro remained steady against the U.S. dollar, amid hopes that the European Central Bank will soon... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039381   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here