Petro Daily Newsletter

Headline Scan Wednesday -- January 04, 2012 Govt set to reimburse Rs.22,000 cr to OMCs PM urges energy companies to increase R&D fund Syria gas pipeline hit by blast India Lifts Duty on Saudi Exports Amid Worries Over Iran's Oil Reliance gas plan gets a boost Adanis, Oil PSUs in Race for BG's Stake in Gujarat Gas Oil subsidy outgo outstrips petroleum duty realisation Petroleum ministry bets on RIL, ups 12th Plan target 58% Fuel price hikes have hurt government's popularity Adani Petronet expands Dahej port capacity Nigerians Stop Gas Stations From Selling Fuel Iran dismisses oil sanction threats Shale Gas Turns the Tables on Petroleum Powers Shell Philippines withdraws 45% stake in Nido oil exploration project Gulf Petrochem Group inks agreement with Government subsidiary Fujairah Pet... (3-1-2012) Can Middle East rumblings push Brent crude higher? Indonesia to raise Tangguh gas price to $5-$7 Sri Lanka negotiating billion dollar facility for petroleum: officials Angry protests over gas shortage in Pakistan Evogene to develop second generation feedstock for biofuel See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Govt set to reimburse Rs.22,000 cr to OMCs The government is set to reimburse Rs.22,000 crore to the cash-starved oil refiners in January for losses incurred on the sale of petroleum product... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036077   PM urges energy companies to increase R&D fund To minimise dependence on crude oil amid swelling import bills, Prime Minister Manmohan Singh on Tuesday said state-run energy companies should inv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036078   Syria gas pipeline hit by blast A gas pipeline in central Syria has been hit by an explosion in an attack the government blamed on terrorists, the state-run news agency said. The ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036086   India Lifts Duty on Saudi Exports Amid Worries Over Iran's Oil India lifted an anti-dumping duty on Saudi Arabian polypropylene amid escalating concerns that international sanctions on Iran may disrupt oil ship... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036074   Reliance gas plan gets a boost  The petroleum ministry today agreed to Reliance Industries' $1.529 billion investment proposal to develop four satellite fields in its KG-D6 ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036075   Adanis, Oil PSUs in Race for BG's Stake in Gujarat Gas The Adani Group and state-run oil companies have signed confidentiality agreements to bid for BG Group's controlling stake in India's biggest priva... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036076   Oil subsidy outgo outstrips petroleum duty realisation It's a classic case of the tail wagging the dog. Perhaps, for the first time, the Union government's outgo on account of oil subsidies will be high... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036079   Petroleum ministry bets on RIL, ups 12th Plan target 58% Reliance Industries (RIL) may have reported a lacklustre performance in gas production from the Krishna-Godavari (KG) basin, but the Ministry of Pe... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036080   Fuel price hikes have hurt government's popularity Oil firms have started losing about Rs 450 cr per day on the sales of diesel, kerosene and domestic LPG below market prices. With the Indian bas... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036081   Adani Petronet expands Dahej port capacity CNBC-TV18 learns that Adani 's joint venture project with Petronet LNG , Adani Petronet Port in Dahej, has commissioned its second jetty – expandin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036082   Nigerians Stop Gas Stations From Selling Fuel LAGOS, Nigeria (AP) — Angry mobs of protesters stopped gas station owners from selling fuel Tuesday while others lit a bonfire on a major highway i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036083   Iran dismisses oil sanction threats A country like Iran, which has the world's fourth largest oil reserves and second gas reserves, cannot be eliminated from energy deals considering ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036084   Shale Gas Turns the Tables on Petroleum Powers Countries that have always depended on imported oil and gas, like Chile, Paraguay, Poland or Ukraine, and especially heavy consumers such as the Un... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036085   Shell Philippines withdraws 45% stake in Nido oil exploration project MANILA, Philippines—Shell Philippines Exploration BV has relinquished its 45-percent stake in Service Contract 54B, effective December 30, 2011, ac... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036087   Gulf Petrochem Group inks agreement with Government subsidiary Fujairah Pet... (3-1-2012) Gulf Petrochem Group, has signed an investment agreement with the Government of Fujairah's subsidiary Fujairah Petroleum Company (FPC). Under the a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036088   Can Middle East rumblings push Brent crude higher? Jonathan Barratt, the chief executive officer of Commodity Broking Services says the geopolitical concerns, especially, from the Middle East need t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036089   Indonesia to raise Tangguh gas price to $5-$7 Indonesia wants to as much as double the price for gas it sells from its Tangguh liquefied natural gas plant to China National Offshore Oil Corp's ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036090   Sri Lanka negotiating billion dollar facility for petroleum: officials Sri Lanka is negotiating a billion dollar facility from an international bank to defray payments for petroleum imports by made state-run Ceylon Pet... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036091   Angry protests over gas shortage in Pakistan ISLAMABAD: Life across Pakistani cities remained crippled for the second day on Tuesday as most of the people angry at gas shortages blocked major ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036092   Evogene to develop second generation feedstock for biofuel REHOVOT,ISRAEL (Commodity Online): Evogene Ltd. (TASE: EVGN) has announced on Monday that it is establishing Evofuel, a wholly owned subsidiary, to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036093   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here