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Monday, September 19, 2011

Petro Daily Newsletter

 
Headline ScanTuesday -- September 20, 2011
BPCL to invest Rs 40,000 crore to venture into niche petrochemical.
BPCL goes slow on power foray petchem, LNG plans on track
BPCL eyes LNG project in Mozambique
BPCL sells Q3 naphtha to Matrix, Marubeni
No price pooling for natural resources
Finance ministry wants ONGC, others to give Rs 56,700 cr fuel subsidy
Gail charges fair amount for gas marketing activities: Chairman
HPCL: 'More reforms awaited'
Will ONGC FPO see the daylight?
State govts should reduce surcharge on aviation fuel:
'State may witness fuel crisis if ZIOTL pipeline not fixed'
China reiterates its objection to India's role in South China Sea exploration
Obama deficit plan includes repeal of US oil and gas tax breaks
China steps up offensive, says South China Sea oil hunt illegal
Green power may get greener with bacteria fuel cells
Polish Shale Gas Flares
PAKISTAN : Govt to resolve issues of CNG sector: Dr. Asim
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
BPCL to invest Rs 40,000 crore to venture into niche petrochemical.

Bharat Petroleum Corporation Ltd (BPCL) is planning to invest Rs 40,000 crores to venture into the niche petrochemical segment. With this, India's ...

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BPCL goes slow on power foray petchem, LNG plans on track

Bharat Petroleum seems to be doing a rethink on its earlier plan, announced last year, to foray into the power. "We were thinking of putting up a 3...

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BPCL eyes LNG project in Mozambique

MUMBAI: State-owned BPCL will partner $4 billion liquefied natural gas (LNG) terminal in Mozambique and will invest $400 million for its 10% stake ...

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BPCL sells Q3 naphtha to Matrix, Marubeni

SINGAPORE: Bharat Petroleum Corp Ltd (BPCL) has sold a total of 210,000 tonnes of naphtha for third-quarter lifting from Mumbai to Matrix and Marub...

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No price pooling for natural resources

In a landmark decision on the mechanism of pooling of prices for scarce resources in the country, an inter-ministerial committee has rejected the p...

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Finance ministry wants ONGC, others to give Rs 56,700 cr fuel subsidy

NEW DELHI: The finance ministry wants Oil and Natural Gas Corp's (ONGC) fuel subsidy outgo to increase almost double to Rs 47,640 crore this fiscal...

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Gail charges fair amount for gas marketing activities: Chairman

NEW DELHI: India's biggest gas transporter Gail India's chairman, BC Tripathi, has said that levying a marketing charge for supplying gas to custom...

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HPCL: 'More reforms awaited'

HPCL in its FY11 annual report has highlighted the initiatives taken during the year to improve its refining assets such as setting up of new FCCU ...

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Will ONGC FPO see the daylight?

Oil & Natural Gas Corporation Ltd. ( ONGC ) follow-on public offer (FPO), which was deferred yet again for 10-15 days, might not see the daylig...

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State govts should reduce surcharge on aviation fuel:

BANGALORE: Civil Aviation Minister Vayalar Ravi today urged state governments to reduce surcharge on aviation fuel, saying airlines are facing prob...

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'State may witness fuel crisis if ZIOTL pipeline not fixed'

PANAJI: The Goa Petrol Dealers' Association (GPDA) has urged the government to restore and make operational the pipeline of Zuari Indian Oil Tankin...

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China reiterates its objection to India's role in South China Sea exploration

BEIJING: India will be infringing on "China's sovereignty and national interest" if ONGC Videsh goes ahead with its plans to explore oil and gas in...

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Obama deficit plan includes repeal of US oil and gas tax breaks

US President Barack Obama on Monday introduced a wide-ranging proposal to save the federal government $3 trillion over the next 10 years by cutting...

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China steps up offensive, says South China Sea oil hunt illegal

Citing national interest, China on Monday upped the ante against exploration of oil and gas in the South China Sea by India's ONGC Videsh Ltd (OVL)...

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Green power may get greener with bacteria fuel cells

A bucket of water and a handful of bacteria could be all that is needed to produce pure hydrogen to power the green engines of tomorrow, according ...

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Polish Shale Gas Flares

Shale gas is burning in Poland after gas firm PGNiG SA torched a flare on one of its rigs. Poland wants to become one of the major players in the E...

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PAKISTAN : Govt to resolve issues of CNG sector: Dr. Asim

ISLAMABAD: Minister for Petroleum and Natural Resources, Dr. Asim Hussain on Monday said the government was cognizant of the problems faced by CNG ...

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