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Tuesday, December 20, 2011

Petro Daily Newsletter

 
Headline ScanWednesday -- December 21, 2011
Bharat Petroleum Plans $2 Bln Capex for Upstream Assets
No Move to Restrict Supply of LPG Cylinders - MOPNG
Supply crunch: govt uneasy over falling KG output
Montek for scraping oil subsidy to support Food Bill
No subsidised kerosene beyond quota to states: govt
Petrol costs more in India than US, but diesel less: RPN Singh
Canada is 'very serious' about selling oil to Asia: Harper
Andhra wants restoration of gas supply from RIL
BPCL seeks nod to double borrowing cap to Rs 28,000 cr
China shale gas changes the global game
U.S. efforts to cut off Iran's oil exports put Japan in tight spot
Iran, Russia ink oil deal
Fire at Iran refinery prompts emergency state
Bangladesh agrees fuel term deals at higher premiums
U.S. moving toward energy independence
Thailand seen buying more natural gas from Myanmar
Turkish-Azeri Gas Pipeline Deal Expected in January, Socar Says
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
Bharat Petroleum Plans $2 Bln Capex for Upstream Assets

NEW DELHI — Bharat Petroleum Corp. plans to spend 100 billion rupees (about $2 billion) over the next five years to develop oil and gas blocks, as ...

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No Move to Restrict Supply of LPG Cylinders - MOPNG

The Government today said that no decision has been taken to limit the number of LPG cylinders for each household to seven per year. Minister of st...

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Supply crunch: govt uneasy over falling KG output

The government is in a tizzy over the continuous and sharp decline in gas production from the KG-D6 field operated  by Mukesh Ambani-led Relia...

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Montek for scraping oil subsidy to support Food Bill

Mumbai: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said the government should end the oil subsidy to offset the addition...

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No subsidised kerosene beyond quota to states: govt

The Centre today said it will not allocate subsidised kerosene to states beyond their quota, but they can take additional quantity at a non-susidis...

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Petrol costs more in India than US, but diesel less: RPN Singh

New Delhi: Petrol costs more in India than the United States of America (USA) because of higher taxes, but diesel is priced lower than the US, Mini...

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Canada is 'very serious' about selling oil to Asia: Harper

Canadian Prime Minister Stephen Harper said he is 'very serious' about the idea of selling the country's oil to markets in Asia, and that Canada no...

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Andhra wants restoration of gas supply from RIL

Andhra Pradesh, which is facing energy shortfall on a daily basis, has decided to press with the ministry of petroleum and natural gas, Government ...

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BPCL seeks nod to double borrowing cap to Rs 28,000 cr

Stung by the government's inability to clear its dues, BPCL is seeking shareholders approval to double its borrowing limit to Rs 28,000 crore, as i...

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China shale gas changes the global game

 Reuters and several other media sources announced that China was on the cusp of a shale gas revolution that was potentially even bigger than ...

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U.S. efforts to cut off Iran's oil exports put Japan in tight spot

The latest U.S. sanctions on Iran's oil exports have put Tokyo in a difficult position, with Japanese diplomats and companies scrambling to secure ...

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Iran, Russia ink oil deal

Iran and Russia Sunday signed a contract to develop an oil field in the southern part of the country, Xinhua reported. It was signed between the Ir...

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Fire at Iran refinery prompts emergency state

A malfunction at an Isfahan refinery caused a leakage of cooling water from its generators - the latest in a string of mysterious mishaps in Iran i...

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Bangladesh agrees fuel term deals at higher premiums

Bangladesh Petroleum Corporation (BPC) has concluded 2012 term negotiations with six suppliers for diesel and jet fuel at stronger premiums than it...

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U.S. moving toward energy independence

The United States in 2011 was a net exporter of petroleum products, prompting one analyst to say the U.S. market is nearly energy independent. Edwa...

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Thailand seen buying more natural gas from Myanmar

Thailand is expected to buy at least 2 billion cubic feet per day (cf/d) of natural gas from resource-rich Myanmar over the next 20 years to meet r...

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Turkish-Azeri Gas Pipeline Deal Expected in January, Socar Says

Turkish and Azeri energy officials aim to finish an agreement by January on a new pipeline to ship natural gas from the BP Plc-operated Shah Deniz ...

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