Petro Daily Newsletter

Headline Scan Monday -- July 16, 2012 5% mandatory bio-petrol on cards to cut fuel import bill NRL plans to increase refining capacity 30 oil wells detected in Manipur South China Sea: Vietnam extends contract with India Oil Min repeats query on CBM gas pricing to RIL Gas board to move apex court against Delhi HC order on IGL ONGC in talks with Statoil, Ecopetrol CIL to pick 50% in IOC's explosives division to form equal JV Explorer turns gas 'dalal' ONGC invites bids for gas sale from Gamij field Sanction affecting developed, developing countries more than Iran UAE starts up pipeline to bypass Strait of Hormuz Saudi Arabia to reduce oil production aggressively if market warrants UAE ships first oil via Fujairah as Iran threats escalate Arabs dispute IEA on oil price surge to USD 150 Shell drill ship slips moorings, drifts toward Alaska shore Iran's Khamenei to decide on Strait of Hormuz Gas Prices on the Rise See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   5% mandatory bio-petrol on cards to cut fuel import bill NEW DELHI: The government will soon move for mandatory blending of petrol with ethanol (EBP), pegging the target at 5%, in what could be a first ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039020   NRL plans to increase refining capacity GUWAHATI, The Numaligarh Refinery Limited (NRL) is planning to enhance its refining capacity from current level of three million metric tonnes pe... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039024   30 oil wells detected in Manipur IMPHAL, In the official process of initiating crude oil drilling exploration at Churachandpur, Tamenglong and Jiribam district, the first public ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039026   South China Sea: Vietnam extends contract with India  Hanoi, Wanting to hold on to Indian presence in the resource-rich South China Sea which is witnessing increasing Chinese assertiveness, Vietnam ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039018   Oil Min repeats query on CBM gas pricing to RIL In a move seen as delaying tactics, the Oil Ministry has posed a query to Reliance Industries  on its CBM gas pricing that is a repeat of a ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039019   Gas board to move apex court against Delhi HC order on IGL The Petroleum and Natural Gas Regulatory Board (PNGRB) has decided to challenge the order of the Delhi High Court that had struck down its order ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039021   ONGC in talks with Statoil, Ecopetrol As part of efforts to boost its energy production capacity, state-owned Oil and Natural Gas Corp. Ltd (ONGC) is in separate talks with Columbia's... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039022   CIL to pick 50% in IOC's explosives division to form equal JV KOLKATA: Coal India (CIL) will sign a memorandum of understanding with Indian Oil Corporation (IOC) to take over 50% in its explosives division, ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039023   Explorer turns gas 'dalal' GANDHINAGAR: There is a design in the desperation Gujarat government has displayed to acquire a majority stake in Gujarat Gas Company Ltd (GGCL).... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039025   ONGC invites bids for gas sale from Gamij field Ahmedabad: ONGC will begin gas sales from Gamij field in Kheda district of Gujarat to the private sector soon through e-bidding process, the comp... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039027   Sanction affecting developed, developing countries more than Iran Even as Japan is going to load its first domestically guaranteed shipment of Iranian oil after European Union embargo which came into effect on J... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039028   UAE starts up pipeline to bypass Strait of Hormuz DUBAI: The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz, giving the OPE... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039029   Saudi Arabia to reduce oil production aggressively if market warrants Although the recent downswing in oil prices below the USD 90's level has not prompted any reaction from the Kingdom yet. National Commercial Bank... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039030   UAE ships first oil via Fujairah as Iran threats escalate FUJAIRAH, United Arab Emirates, As Iranian threats to close the Strait of Hormuz grew louder over the weekend, the United Arab Emirates quietly l... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039031   Arabs dispute IEA on oil price surge to USD 150 An official Arab oil investment group has disputed a scenario by the International Energy Agency that oil prices could surge to USD 150 per barre... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039032   Shell drill ship slips moorings, drifts toward Alaska shore One of the drill ships that Royal Dutch Shell plans to use in a controversial Arctic drilling program slipped off its moorings and drifted to the... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039033   Iran's Khamenei to decide on Strait of Hormuz Tehran: The chairman of Iran's Joint Chiefs of Staff says the decision over whether Tehran would block the strategic Strait of Hormuz, the passag... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039034   Gas Prices on the Rise After 11 weeks of steady decline, gas prices are again on the rise.  The price at the pump has increased 6 cents since the start of July – b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039035   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here