Petro Daily Newsletter

Headline Scan Tuesday -- October 29, 2013 Parikh panel recommends Rs 4-5/l immediate hike in diesel rate Angola delays bidding for new oil blocks to Q1 2014 Crude oil futures slip to Rs 6,029/barrel Brent climbs above $108 as Libya output drops East African countries launch single customs territory Iran expects bullish era for oil Qatargas says LNG market to hinge on long-term factors, not spot deals China aims to cut costs associated with shale natural gas production Upcoming Gulf of Mexico oil platforms Cairn Energy to take 20 pct stake in Kosmos Energy Morocco block Global crude oil price of Indian Basket falls Oil min clears taking back of 5 gas discoveries from RIL Petrol Price may be Cut by 1.50/L GAIL to set up LNG terminal in Paradip Port Now, blended oil under scanner CNG cars may cost more if Maharashtra accepts Centre proposal Mitsui buys MRPL 380-cst cargo at record high ONGC petrochemical complex in Dahej PCPIR scheduled for Q2-2014 start up See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Parikh panel recommends Rs 4-5/l immediate hike in diesel rate New Delhi, Diesel prices should be immediately hiked by Rs 4-5 per litre, the Kirit Parikh Committee has recommended while favouring continuation... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045789   Angola delays bidding for new oil blocks to Q1 2014 MOSCOW - Angola has delayed bidding for new licences to explore for oil to the first quarter of 2014 and would welcome bids from Russian companie... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045799   Crude oil futures slip to Rs 6,029/barrel NEW DELHI, Crude oil futures prices fell 0.25 per cent to Rs 6,029 per barrel today, after speculators reduced their exposures amid a subdued tre... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045806   Brent climbs above $108 as Libya output drops LONDON  - Brent crude rose above $108 a barrel on Monday after a new drop in Libya's oil exports revived supply concerns while strong gains ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045805   East African countries launch single customs territory KIGALI  - Kenya, Uganda, South Sudan and Rwanda have launched a single customs territory to boost business among the partner states, agreein... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045804   Iran expects bullish era for oil TEHRAN, It should be business as usual for Iranian crude oil exports though some fluctuation is to be expected, an official with the National Ira... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045803   Qatargas says LNG market to hinge on long-term factors, not spot deals SINGAPORE: Qatargas and other producers of liquefied natural gas (LNG) will continue to make project decisions based on long-term demand and sale... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045802   China aims to cut costs associated with shale natural gas production BEIJING, Oct. 28 (UPI) -- Chinese energy companies are looking for ways to reduce the cost associated with shale natural gas operations, executiv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045801   Upcoming Gulf of Mexico oil platforms Seven new oil and gas producing platforms with combined capacity of some 715,000 barrels per day are slated to start up through 2016 in the Gulf ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045800   Cairn Energy to take 20 pct stake in Kosmos Energy Morocco block Cairn Energy said it entered into a farm-in agreement with U.S.-based Kosmos Energy and the Moroccan National Oil Co (ONHYM) for a 20 percent non... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045798   Global crude oil price of Indian Basket falls New Delhi, The international crude oil price of Indian Basket as computed/published on Monday by Petroleum Planning and Analysis Cell (PPAC) unde... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045797   Oil min clears taking back of 5 gas discoveries from RIL New Delhi: The allocation of natural resources by the government to the private sector —be it coal or gas—continues to be mired in controversy. T... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045790   Petrol Price may be Cut by 1.50/L Petrol is likely to be cheaper by . 1.50 per litre just before Diwali, as favourable changes in the rupee-dollar rate and softer international pr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045791   GAIL to set up LNG terminal in Paradip Port GAIL India Ltd has signed a Memorandum of Understanding (MoU) with Paradip Port Trust for setting up of a LNG Terminal. As a part of capacity aug... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045792   Now, blended oil under scanner JAIPUR: Blended oil is under health authorities' scanner ahead of Diwali as they are inspecting shops to collect samples and also seize packets i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045793   CNG cars may cost more if Maharashtra accepts Centre proposal MUMBAI: The motor vehicle tax on CNG-driven cars in Maharashtra may go up by 1% from next April. But this is subject to the state accepting the U... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045794   Mitsui buys MRPL 380-cst cargo at record high SINGAPORE, The Asian fuel oil market remained supported on Monday, reflected in firmer premiums paid for cargoes of Indian origin, trade sources ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045795   ONGC petrochemical complex in Dahej PCPIR scheduled for Q2-2014 start up The Rs 24,000 crore mega petrochemical complex being set up by ONGC Petro additions Ltd (OPaL) in the Dahej PCPIR (Petroleum, Chemicals and Petro... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045796   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here