Petro Daily Newsletter

Headline Scan Thursday -- December 22, 2011 Petroleum and Natural Gas Regulatory Board pushes for deregulation of gas prices Natural gas price revision has to be gradual: Oil secy Under-recoveries on diesel, LPG, kerosene still pinching oil cos Oilmin wants PSUs to earmark R78k cr for foreign buyouts India Upstream Regulator: Reliance Industries Plans Workover Of Sick Wells At KG-D6 Essar Energy Chairman Ruia Steps Down Temporarily Amid Probe India Unveils Strategic Oil Stockpile Plans Oil Secretary: Pivate firms not against CAG audit Threats of Oil Sanctions against Iran Harm OPEC Credit IMF chief warns Africa to prepare for Europe fallout Exxon plans to merge fuels, lubricants divisions Declining middle distillate cracks pressure refining margins Ahmadinejad: Iran to Turn into Major Gasoline Exporter Next Year Oil majors sing praise for Angola South Korea to invest nearly $12 bn in oil in 2012 Total Awarded Exxon Tender For Lifting From Slagen Refinery Total Acquires Exxon Mobil Share In Fina Antwerp Olefins PAKISTAN : Gas shortage: Govt may scrap LNG import plans See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Petroleum and Natural Gas Regulatory Board pushes for deregulation of gas prices MUMBAI: The Petroleum and Natural Gas Regulatory Board (PNGRB) is aggressively pushing for deregulation of gas prices to encourage private investme... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035858   Natural gas price revision has to be gradual: Oil secy New Delhi: The government on Wednesday said that natural gas price cannot be raised overnight and that any revision has to be in line with the payi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035859   Under-recoveries on diesel, LPG, kerosene still pinching oil cos The under-recoveries of oil marketing firms continue to be a disturbing level. For petroleum products such as diesel, LPG and Kerosene, cumulative ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035860   Oilmin wants PSUs to earmark R78k cr for foreign buyouts India has set an ambitious target for overseas asset acquisition for the next five years through state-owned companies although the Reserve Bank of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035864   India Upstream Regulator: Reliance Industries Plans Workover Of Sick Wells At KG-D6 NEW DELHI (Dow Jones)--Reliance Industries Ltd. (500325.BY) is planning workover operations to revive sick wells at its D6 block in the Krishna-God... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035861   Essar Energy Chairman Ruia Steps Down Temporarily Amid Probe Essar Energy Plc, an Indian oil refiner and power-plant operator, said Chairman Ravi Ruia will temporarily step aside as Indian authorities investi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035862   India Unveils Strategic Oil Stockpile Plans India is now planning to build strategic petroleum reserves of nearly 18 million tons, or 132 million barrels by 2020, expanding on a 5.33 million ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035863   Oil Secretary: Pivate firms not against CAG audit NEW DELHI: Private firms engaged in exploration and production of oil and gas in India do not object to audit of their accounts by the Comptroller ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035865   Threats of Oil Sanctions against Iran Harm OPEC Credit TEHRAN (FNA)- A senior Iranian lawmaker called on the Organization of Petroleum Exporting Countries (OPEC) to counter EU's sanctions efforts agains... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035866   IMF chief warns Africa to prepare for Europe fallout NIAMEY: Many countries in sub-Saharan African are less prepared to deal with an economic shock now than they were during the 2008 food and fuel cri... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035867   Exxon plans to merge fuels, lubricants divisions Exxon Mobil Corp plans to merge two of its products divisions, a sign of the times for big oil companies who generally are sharpening their corpora... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035868   Declining middle distillate cracks pressure refining margins Declining middle distillate cracks have put pressure on refining margins across Europe in recent weeks, Platts data shows, despite slight recent im... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035869   Ahmadinejad: Iran to Turn into Major Gasoline Exporter Next Year TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad underlined Iran's self-sufficiency in producing the nation's needed gasoline, and said Tehran w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035870   Oil majors sing praise for Angola Major international oil companies expressed optimism after securing rights to explore deep waters off Angola's coast following a licensing round. F... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035871   South Korea to invest nearly $12 bn in oil in 2012 Seoul,  (IANS) South Korea plans to invest nearly $12 billion in oil and natural gas developments next year in a bid to secure stable energy s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035872   Total Awarded Exxon Tender For Lifting From Slagen Refinery Total S.A. won Exxon Mobil Corp's (XOM) 2012 tender for lifting from its 110,000 barrel-a-day Slagen refinery in Norway, a fuel-oil trader familiar... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035873   Total Acquires Exxon Mobil Share In Fina Antwerp Olefins PARIS (Dow Jones)--French oil major Total SA (TOT) Wednesday said that through its PetroFina SA unit, it is acquiring a 35% shareholder interest in... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035874   PAKISTAN : Gas shortage: Govt may scrap LNG import plans Turkish firm Global Energy International Pakistan expects to invest $350 million in building an import terminal that will be able to provide 500 mm... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000035875   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here