Petro Daily Newsletter

Headline Scan Thursday -- May 03, 2012 PSU oil cos seek govt nod to export jet fuel Oil slips on European manufacturing data U.S. shale causes rise in waste gas pollution Oil Min seeks clarifications from RIL on CBM gas price Panel asks govt to take final call on bio-fuel programme Govt constitutes panel to maximise gas returns Oil companies use 40% of total subsidy in April Oil ministry seeks Rs 49,090 cr to stop OMCs from going red Mangalore Refinery, Essar Oil To Cut Imports From Iran By 15% This Fiscal Year Nagarjuna Oil to invest Rs 12,000-cr more in TN refinery Cairn pegs East Coast find at 550 million barrels BG, Repsol starts up Bolivia field China edges towards oil multilateralism amid fight between Sudan and South Sudan South Africa: Continued Bitumen Shortage Puts Infrastructure Projects in Question China New Energy Building waste to biofuel plant in China Finland's Neste Oil sells first biodiesel to US market The fallacy of blaming oil 'speculators' Peak Oil is Here: Now What? See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   PSU oil cos seek govt nod to export jet fuel Worried of lower domestic demand in their profitable jet fuel business, state-run oil marketing companies (OMCs) have written to the petroleum mi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037846   Oil slips on European manufacturing data LONDON: Oil eased on Wednesday as weak economic data in Europe hit the demand outlook, countering more positive figures from China and the United... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037862   U.S. shale causes rise in waste gas pollution The U.S. shale energy boom is fuelling a rise in the burning of waste gas after years of decline, a World Bank source told Reuters ahead of the r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037855   Oil Min seeks clarifications from RIL on CBM gas price Days ahead of the 60-day deadline for approving its gas sale price expired, the Oil Ministry has sought some clarifications from Reliance Industr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037845   Panel asks govt to take final call on bio-fuel programme New Delhi,  Urging the Union Cabinet to take a decision soon on continuance of bio-fuels programme, a Parliamentary Panel has said the ambit... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037847   Govt constitutes panel to maximise gas returns The government has formally constituted an Inter-Ministerial Group (IMG) for developing a coordinated approach for optimal exploitation of coal b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037848   Oil companies use 40% of total subsidy in April MUMBAI: State-owned oil marketing companies (OMCs) have recorded a Rs 17,000-crore deficit in April, 2012 by selling fuels such as diesel, LPG an... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037849   Oil ministry seeks Rs 49,090 cr to stop OMCs from going red The petroleum ministry has urged the finance ministry to pay Rs 49,090 crore to compensate the losses incurred by the state-run oil marketing com... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037850   Mangalore Refinery, Essar Oil To Cut Imports From Iran By 15% This Fiscal Year NEW DELHI –  Mangalore Refinery & Petrochemicals Ltd. (500109.BY) and Essar Oil Ltd. (500134.BY), India's top two importers of crude oil... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037851   Nagarjuna Oil to invest Rs 12,000-cr more in TN refinery Nagarjuna Oil Corporation will start work on the Rs 12,000-crore expansion of its oil refinery in 2014. The expansion wi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037852   Cairn pegs East Coast find at 550 million barrels Cairn India has pegged its Krishna Godavari (KG-ONN-2003/1) block at about 550 million barrels equivalent of in-place oil and gas. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037853   BG, Repsol starts up Bolivia field British gas producer BG Group (BG.L)said on Wednesday it and Spanish partner Repsol (REP.MC) had started production from the first phase of their... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037854   China edges towards oil multilateralism amid fight between Sudan and South Sudan NEW YORK: Amid the border fighting between Sudan and South Sudan that has paralysed most oil production in the two countries, there are signs of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037856   South Africa: Continued Bitumen Shortage Puts Infrastructure Projects in Question The shortage of bitumen has delayed completion of one of the city's major road projects and if the situation does not normalise soon, several roa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037857   China New Energy Building waste to biofuel plant in China Bloomberg reported that China New Energy Ltd a maker of biofuel technology signed a letter of intent to develop a facility in North Eastern China... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037858   Finland's Neste Oil sells first biodiesel to US market Finland's Neste Oil has recently supplied its first batch of NExBTL renewable diesel to the US market, the company confirmed on Wednesday. <... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037859   The fallacy of blaming oil 'speculators' We should exorcise the politically convenient notion that high oil prices result from the market maneuvers of greedy "speculators." It's convenie... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037860   Peak Oil is Here: Now What? At least peak oil is here if I've understood what the peak oil argument is properly. And my problem with the peak oil argument is that it isn't r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037861   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here