Petro Daily Newsletter

Headline Scan Thursday -- December 15, 2011 Brace up for petrol price hike RIL writes to FM against oil ministry India must increase domestic energy supply: PM Red tape throttles oil companies India explores routing Iran oil payments through Russia Thaw in Govt-Reliance Relations Petronet to complete Dahej LNG terminal expansion to 15 mil mt/year by Dec 2015 OPEC oil deal puts Saudi back in charge Nigeria's President Removes Petrol Subsidy print U.S. seeks oil supply cushion as Iran sanctions loom IEA warns high oil prices threaten global economy Sinopec, ENN Energy launch $2.15-bn hostile bid for China Gas news BP to invest $10 bn in Arctic oil, pipelines Iran crude exports to China's Sinopec to fall a third in Jan OPEC agrees to keep output at current level for 2012 news China Gas rejects Sinopec/ENN bid See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Brace up for petrol price hike After two consecutive price cuts in November, petrol consumers may need to brace themselves for a hike in retail price. The hike could be anywhere ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035757   RIL writes to FM against oil ministry Reliance Industries Ltd (RIL) has alleged that the petroleum ministry is violating coal bed methane contract by restricting price discovery which c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035759   India must increase domestic energy supply: PM India has set an ambitious target of 9 per cent annual growth in the twelfth plan period beginning next year. This high rate of economic growth wou... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035762   Red tape throttles oil companies Reliance Industries Ltd is facing red tape, having brought in BP to be its gas exploration partner. But the Mumbai-based conglomerate is not alone ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035758   India explores routing Iran oil payments through Russia New Delhi: India is exploring the option of routing payments for the crude oil it buys from Iran through Russia, a senior Indian official said on W... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035760   Thaw in Govt-Reliance Relations Reliance Industries' frosty relations with the oil ministry have thawed after months of acrimony as the company has indicated it can surrender a pa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035761   Petronet to complete Dahej LNG terminal expansion to 15 mil mt/year by Dec 2015 India's Petronet LNG has received approval from its board to raise the capacity of its LNG import and regasification terminal at Dahej to 15 millio... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035763   OPEC oil deal puts Saudi back in charge VIENNA  - OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035764   Nigeria's President Removes Petrol Subsidy print President Goodluck Jonathan this afternoon presented N4.749 trillion 2012 Budget proposal to a joint session of National Assembly while he carefull... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035765   U.S. seeks oil supply cushion as Iran sanctions loom WASHINGTON - The United States is building ties with a range of oil producing countries in an effort to ensure a steady supply of crude to global m... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035766   IEA warns high oil prices threaten global economy SINGAPORE: The chief economist for the International Energy Agency says high oil prices threaten to worsen a global economic slowdown. Fatih Birol ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035767   Sinopec, ENN Energy launch $2.15-bn hostile bid for China Gas news China Petroleum & Chemical Corp (Sinopec) and ENN Energy Holdings Ltd yesterday launched a hostile HK$16.7 billion ($2.15 billion) bid for priv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035768   BP to invest $10 bn in Arctic oil, pipelines MOSCOW: Russian oil company TNK-BP , half-owned by BP, will invest up to $10 billion in Arctic oilfield development and construction of a pipeline ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035769   Iran crude exports to China's Sinopec to fall a third in Jan BEIJING,  Iran's January crude exports to China's Sinopec Corp are set to fall by around a third from December as they haggle over oil supplie... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035770   OPEC agrees to keep output at current level for 2012 news The Organisation of Petroleum Exporting Countries (OPEC ) has agreed to keep output steady at the current level for 2012, and stood united followin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035771   China Gas rejects Sinopec/ENN bid HONG KONG  - China Gas Holdings (0384.HK) rejected Sinopec (0386.HK) and ENN Energy's (2688.HK) $2.2 billion unsolicited bid late on Wednesday... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035772   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here