Petro Daily Newsletter

Headline Scan Thursday -- April 26, 2012 India Mulls $10 Billion for Fund on Energy Oil rises above USD 104 after US supplies drop Decontrol of diesel prices unlikely DGH to initiate cost recovery proceedings against RIL in two CMB blocks GAIL suspends cargo operations at Dabhol Open accessibility rider mooted for LNG terminals Liquid bulk importers hail Customs self-assessment procedure Probing LIC over ONGC stake buying unwarranted Oil ministry holds back nod to Arrow Energy for China links ONGC to start exploration abroad Sticky issues in oil exploration Eni and Rosneft team up in Russian Arctic South Sudan Expels Sudan Oil Workers Final price talks for TAPI pipeline in May China to use gold for purchase of Iranian oil, avoiding U.S. financial sanctions Qatar Commits $400 Million to Help Egyptian Refinery Iran Considers Halting Nuclear Expansion to Avert EU Oil Ban Oil recoils after rising on reduced concerns about slowing growth in China See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   India Mulls $10 Billion for Fund on Energy NEW DELHI—India's government is considering the formation of a strategic energy fund to help secure supplies of raw materials such as coal and crude o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037759   Oil rises above USD 104 after US supplies drop Oil prices rose above USD 104 a barrel on Wednesday after a report showed US crude supplies unexpectedly fell, suggesting demand may be improving, and... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037770   Decontrol of diesel prices unlikely NEW DELHI: The Centre has assured Trinamool Congress that deregulation of diesel prices would not be carried out soon, advertising its lack of resolve... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037755   DGH to initiate cost recovery proceedings against RIL in two CMB blocks Rejecting the plea by Reliance Industries Limited (RIL) to exit from the two coal bed methane (CBM) blocks in Barmer and Jalore districts of Rajasthan... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037754   GAIL suspends cargo operations at Dabhol State-run gas utility GAIL India has suspended cargo operations at the nation's third liquefied natural gas (LNG) terminal at Dabhol after rough sea d... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037756   Open accessibility rider mooted for LNG terminals New Delhi: Liquified natural gas (LNG) handling terminals in the country, including the proposed ones, will have to offer a little less than a third o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037757   Liquid bulk importers hail Customs self-assessment procedure MUMBAI: The Customs Department deserves to be complimented for introducing the system of self-assessment for import cargo clearance which shows that t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037758   Probing LIC over ONGC stake buying unwarranted A parliamentary panel wants the insurance regulator to investigate if Life Insurance Corporation (LIC) flouted rules to buy a bulk of the 5% stake in ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037760   Oil ministry holds back nod to Arrow Energy for China links NEW DELHI: Chinese equity in the new owner of Arrow Energy, that operates five coal bed methane (CBM) blocks in India, has prompted the oil ministry t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037761   ONGC to start exploration abroad AGARTALA: ONGC chairman-cum-managing director Sudhir Basudeva on Tuesday said that the oild company will soon start exploration of oil and gas in fore... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037762   Sticky issues in oil exploration The oil and gas exploration contracts run into problems owing to differences over cost projections. In the current fiscal year, private sector ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037763   Eni and Rosneft team up in Russian Arctic Rosneft (ROSN.MM) and Eni (ENI.MI) signed an agreement on Wednesday in the presence of Russian Prime Minister Vladimir Putin to jointly tap fields in ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037764   South Sudan Expels Sudan Oil Workers KAMPALA, Uganda—Sudan said Wednesday that South Sudan had expelled more than 100 of its nationals who were working for oil companies, as a dispute ove... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037765   Final price talks for TAPI pipeline in May Federal Minister for Petroleum and Natural Resources Asim Hussain said some of the parties had expressed satisfaction with a transit fee of 49.5 cents... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037766   China to use gold for purchase of Iranian oil, avoiding U.S. financial sanctions As countries around the world and the banks that operate within them attempt to avoid American financial sanctions against Iran – which blocks access ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037767   Qatar Commits $400 Million to Help Egyptian Refinery Qatar is providing $400 million to support Egypt's Mostorod refinery project, which has been stalled since former President Hosni Mubarak's ouster in ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037768   Iran Considers Halting Nuclear Expansion to Avert EU Oil Ban Iran is considering a Russian proposal to halt the expansion of its nuclear program in order to avert new sanctions, the country's envoy in Moscow sai... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037769   Oil recoils after rising on reduced concerns about slowing growth in China As concerns eased about a sharp economic slowdown in China- the world's biggest energy user, oil prices edged higher in Asian trade on Tuesday as per ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037771   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here