Petro Daily Newsletter

Headline Scan Friday -- July 20, 2012 Government close to decision on capping number of subsidised LPG cylinders news Govt needs to hike diesel price to avoid downgrade: UBS Oil rises above $90 a barrel in Asia Crude oil futures up on global cues PNGRB's tariff order increases the risk of lower returns for GAIL's new pipelines IGL to pay Rs 10K for delaying gas connection to customer LPG, diesel may get costlier post-presidential poll Raj fields output can go up by 70% on timely govt nod: Cairn Centre seeks SC clarity on RIL-KG basin verdict Chinese firm pips GAIL-led team to the post to win Ghana gas pipeline project Centre weighs capping LPG supply to households Locals start agitation to eradicate contract labour from ONGC Myanmar Invites Foreign Firms to Explore Oil, Gas Australia's APA wins regulatory nod for $1.1 bln Hastings bid EU targets aid to gas-rich Mozambique, Tanzania Nigeria's parliament receives landmark oil law Iran starts drilling in largest joint oil field with Qatar Iran, Pakistan pipeline a 'non-starter' See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Government close to decision on capping number of subsidised LPG cylinders news The government is close to taking a decision on capping the number of subsidised cylinders to "econonomically not weaker" sections to bring down ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039093   Govt needs to hike diesel price to avoid downgrade: UBS As hopes are building up for a diesel price hike soon after the Presidential election, Gautam Chhaochharia of UBS India feels that the government... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039097   Oil rises above $90 a barrel in Asia Benchmark crude was up 47 cents at $90.34 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. Oil rose abo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039107   Crude oil futures up on global cues NEW DELHI: Crude oil prices rose by 0.54 per cent to Rs 4,995 per barrel in futures trading today as speculators enlarged their positions, tracki... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039106   PNGRB's tariff order increases the risk of lower returns for GAIL's new pipelines Against GAIL India's tariff proposal of Rs. 27.7 per mmbtu, the gas regulator has approved an initial tariff of Rs. 11.85 per mmbtu for the pipel... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039090   IGL to pay Rs 10K for delaying gas connection to customer The Indraprastha Gas Ltd (IGL), which supplies Piped Natural Gas in Delhi, has been directed by a consumer forum here to pay Rs 10,000 as compens... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039091   LPG, diesel may get costlier post-presidential poll NEW DELHI: The oil ministry is planning to increase diesel, kerosene and cooking gas prices as Brent crude has risen to a seven-week high above $... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039092   Raj fields output can go up by 70% on timely govt nod: Cairn Cairn India today said it can raise crude oil production from its prolific Rajasthan fields by over 70 per cent to 300,000 barrels per day or 15 ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039094   Centre seeks SC clarity on RIL-KG basin verdict NEW DELHI: While seeking to overcome the 'auction for all natural resources' law laid down by the 2G judgment, the Centre wants clarification of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039095   Chinese firm pips GAIL-led team to the post to win Ghana gas pipeline project In yet another instance of India losing out to an aggressive China, a consortium led by state-run GAIL (India) has lost the race to Sinopec of Ch... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039096   Centre weighs capping LPG supply to households The Centre is studying options to limit the supply of subsidised LPG cylinders to households. The Union Minister of State for Petroleum and Natur... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039098   Locals start agitation to eradicate contract labour from ONGC AHMEDABAD: Villagers of Bhatpore and nearby villages in Hajira belt started their indefinite Dharna agitation from Thursday morning against Oil a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039099   Myanmar Invites Foreign Firms to Explore Oil, Gas Yangon, Myanmar, which has vast reserves of oil and gas, is inviting foreign firms to explore them in 23 offshore blocks. US and European compani... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039100   Australia's APA wins regulatory nod for $1.1 bln Hastings bid SYDNEY, Australian gas distributor APA Group won regulatory approval for its A$1.1 billion ($1.1 billion) hostile bid for rival Hastings Diversif... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039101   EU targets aid to gas-rich Mozambique, Tanzania Senior EU officials began a three-day visit to Mozambique and Tanzania on Thursday as the European Union looks to bolster aid and development in ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039102   Nigeria's parliament receives landmark oil law Nigeria's parliament has received the latest draft of a long-delayed oil law, which could restructure all aspects of Africa's largest energy indu... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039103   Iran starts drilling in largest joint oil field with Qatar IRNA quoted Mr Musa Souri GM of Pars Oil & Gas Company as saying that Iran has already started excavation in largest joint oil filed with Qat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039104   Iran, Pakistan pipeline a 'non-starter' ISLAMABAD, Pakistan, Though Iran and Pakistan formed a joint working group for a bilateral natural gas pipeline, a legal expert described the pro... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039105   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here