Petro Daily Newsletter

Headline Scan Tuesday -- March 20, 2012 India Readies for the Roadmap for Shale Gas Development Bharat Petroleum: Govt's subsidy policy hits quarterly and annual profits Oilcos brace for triple whammy of higher cess, service tax, excise Budget 2012: Follow-up action on cess to decide oil industry's fate GSPC plans to commission Mundra LNG terminal in 2015-16 Karnataka govt talks to HPCL, GAIL to supply gas Gujarat plans LNG terminal at Pipavav port ONGC set to take Rs 5,000-crore hit on crude oil cess Diesel price hike not during session Pak-India to discuss import of POL, TAPI transit on 23rd in New Delhi Williams buying infrastructure in Marcellus shale US lawmakers worry about E Coast refining capacity Saudi Arabia moves to calm oil market Iraq bans security firms on oil fields Petron acquires remaining 35 percent of Esso Malaysia Full return of Libyan oil to ease global pressure Oil prices extend gains in Asian trade Higher cess to wallop earnings of oil firms Rs 2 lakh-crore oil losses next year may play havoc with govt plans ONGC plans capex of Rs 33,065 cr for next fiscal See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   India Readies for the Roadmap for Shale Gas Development New Delhi: As the Shale Gas policy is expected early next year, India has accelerated the progress towards achieving the best results from the deve... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037174   Bharat Petroleum: Govt's subsidy policy hits quarterly and annual profits With its profits at the mercy of the government, one cannot really evaluate BPCL on earnings. But the growing value of its assets highlights th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037173   Oilcos brace for triple whammy of higher cess, service tax, excise New Delhi: Upstream oil and gas companies ONGC, Oil India and Gail India are worried that various Budget proposals would increase their tax outgo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037152   Budget 2012: Follow-up action on cess to decide oil industry's fate The 2012-13 Budget has brought some bad news and also hope for some good news for India's petroleum industry. The provision to raise cess on oil pr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037171   GSPC plans to commission Mundra LNG terminal in 2015-16 NEW DELHI, MAR 19: Gujarat State Petroleum Corporation (GSPC) plans to commission liquefied natural gas terminal with a capacity of 5 million tonne... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037172   Karnataka govt talks to HPCL, GAIL to supply gas The Karnataka government is in talks with Indian and international energy companies to arrange gas for three power plants for which it is planning ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037175   Gujarat plans LNG terminal at Pipavav port NEW DELHI: Gujarat plans to set up its fourth liquefied natural gas (LNG) terminal at the Pipavav port soon besides commissioning the 5-MT capacity... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037176   ONGC set to take Rs 5,000-crore hit on crude oil cess MUMBAI: State-run Oil and Natural Gas Corporation (ONGC) will be among the biggest losers from the budget proposals as the company, already hit by ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037177   Diesel price hike not during session Union Finance Minister Pranab Mukherjee on Monday indicated that a price rise in diesel price was not likely till after the end of the current Budg... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037178   Pak-India to discuss import of POL, TAPI transit on 23rd in New Delhi ISLAMABAD - Pakistan and India will discuss the import of petroleum products and transit fee for the Turkmenistan Afghanistan Pakistan and India (T... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037179   Williams buying infrastructure in Marcellus shale Williams Cos Inc (WMB.N) struck a $2.5 billion deal to buy a natural gas gathering and processing business in the Marcellus shale, increasing its e... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037180   US lawmakers worry about E Coast refining capacity NEW YORK - With the U.S. East Coast poised to lose 50 percent of its oil refining capacity, three members of Congress on Mo nday worried that while... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037181   Saudi Arabia moves to calm oil market Saudi Arabia is taking steps to cool the overheating global energy market, boosting its exports to the US and re-opening old oilfields to expand pr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037182   Iraq bans security firms on oil fields BAGHDAD-- With U.S. forces gone from Iraq, Baghdad has banned foreign security contractors, long abhorred by Iraqis, from the 12 major oil fields b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037183   Petron acquires remaining 35 percent of Esso Malaysia REFINER Petron Corp. said on Monday that Petron Oil and Gas International Sdn. Bhd. (Petron International)—its offshore affiliate - has served the ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037184   Full return of Libyan oil to ease global pressure Libya's oil exports are set to return to full pre-war levels by April this year, beating even the most optimistic estimates and potentially easing ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037185   Oil prices extend gains in Asian trade Singapore: Oil prices extended gains in Asia today, supported by concerns over Middle East supply and signs of stabilisation in the world economy, ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037187   Higher cess to wallop earnings of oil firms The additional cess on crude oil proposed during the union budget is expected to have around 8-10 per cent impact on the earnings per share (EPS)... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037151   Rs 2 lakh-crore oil losses next year may play havoc with govt plans The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037153   ONGC plans capex of Rs 33,065 cr for next fiscal  State-owned Oil and Natural Gas Corp (ONGC) plans to invest over Rs 33,065 crore next fiscal in exploration and production of oil and gas, ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037154   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here