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Wednesday, December 28, 2011

Petro Daily Newsletter

 
Headline ScanThursday -- December 29, 2011
Oilmin wants EGoM to approve gas supply cuts
Bio-diesel policy faces anti-trust probe from CCI
Surging demand from shipping cos may propel fuel oil to three-yr high
GSPL to tie up funds for Mehsana-Bhatinda line in January
Oil Ministry refers Reliance marketing margin issue to EGoM
HPCL'S new refinery project gets a filip
Race for resources - GSPC GAIL and Adani in race for Gujarat Gas
GMR completes 30% stake sale in Singapore arm to Petronas
Textile processing body plans to protest against hike in gas price
ONGC chief visits Palatana project
Fuel woes hit power sector
Petroleum ministry to refund $120mn to Cairn India & Ravva Oil
Tata Power buys BP out of solar venture
US warns Iran not to disrupt oil route
Paris calls on Iran not to block Hormuz strait
Exxon Mobil Deal Hikes Tension in Northern Iraq
Pertamina plan oil products storage facility on Sambu island
Shell expects Bukom refinery to resume full production soon
Belarus proposes 20% rate hike for Russian oil transshipments
PetroChina, Sinopec to invest $22 bln in east Zhejiang - media
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
Oilmin wants EGoM to approve gas supply cuts

Companies in fertilisers and LPG, which are largely immune to the supply crunch on natural gas due to the stagnating output from the KG D6 block, c...

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Bio-diesel policy faces anti-trust probe from CCI

NEW DELHI: The antitrust watchdog will launch its own probe into whether the petroleum ministry and state-run oil marketing companies have suppress...

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Surging demand from shipping cos may propel fuel oil to three-yr high

Fuel oil may trade at a three-year high relative to crude in Asia in 2012 as surging demand from shipping companies and reduced refinery supplies c...

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GSPL to tie up funds for Mehsana-Bhatinda line in January

Gujarat State Petronet Ltd (GSPL) — a Gujarat Government-owned GSPC Group company — plans to achieve financial closure for the 1,670-km Mehsana (Gu...

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Oil Ministry refers Reliance marketing margin issue to EGoM

The Petroleum Ministry has asked a ministerial panel to decide if Reliance Industries can charge a marketing margin over-and-above the government-a...

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HPCL'S new refinery project gets a filip

MUMBAI: Hindustan Petroleum Corporation's (HPCL) new refinery project in Ratnagiri, Maharashtra is finally seeing some positive action as ET learns...

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Race for resources - GSPC GAIL and Adani in race for Gujarat Gas

The race for BG Group's controlling 65.12% stake in the INR 1,800 crore Gujarat Gas Co Ltd may have more twists and turns than is perceived. While ...

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GMR completes 30% stake sale in Singapore arm to Petronas

GMR Infrastructureon Wednesday said it has completed sale of 30 per cent stake in its Singapore-based subsidiary GMR Energy to Malaysian oil and ga...

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Textile processing body plans to protest against hike in gas price

Surat The South Gujarat Textile Processing Association (SGTPA) has decided to protest against the recent industrial gas price hike for the forth ti...

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ONGC chief visits Palatana project

Clearing all doubts, the State-owned oil giant ONGC on Wednesday declared that the first unit of 726 MW Palatana power project would be commissione...

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Fuel woes hit power sector

Deepening fuel crisis on account of uncertainty in the availability of coal and natural gas, coupled with escalating prices, is the major hurdle to...

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Petroleum ministry to refund $120mn to Cairn India & Ravva Oil

MUMBAI: The Indian government will have to refund $120 million to Cairn India and Ravva Oil, the joint venture partners operating an oil and gas bl...

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Tata Power buys BP out of solar venture

Bringing an end to more than two decades of their relationship in the renewable energy space, BP Alternative Energy Holdings, a subsidiary of UK en...

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US warns Iran not to disrupt oil route

US warns Iran not to disrupt oil route Dubai: A spokeswoman for the US Navy's 5th fleet is warning Iran that any disruption of traffic flowing thou...

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Paris calls on Iran not to block Hormuz strait

The French foreign ministry called on Iran to observe international laws and refrain from blocking the Strait of Hormuz, one of the world's most im...

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Exxon Mobil Deal Hikes Tension in Northern Iraq

An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq's autonomous Kurdish region is fueling political tensions in a country where a ...

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Pertamina plan oil products storage facility on Sambu island

Indonesia's state-owned oil and gas company Pertamina plans to build a fuel storage facility with a capacity of 300,000 kilolitres on Sambu island ...

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Shell expects Bukom refinery to resume full production soon

SINGAPORE: Shell has said it expects its oil refinery at Pulau Bukom to be in full production by the end of this year, or in three days' time. Prod...

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Belarus proposes 20% rate hike for Russian oil transshipments

Belarus and Russia are beginning negotiations on a possible increase of tariffs for Russian oil transshipments to Europe in 2012, a source familiar...

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PetroChina, Sinopec to invest $22 bln in east Zhejiang - media

China's top energy companies PetroChina Co Ltd and China Petroleum & Chemical Corp (Sinopec) have signed an agreement with the eastern province...

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