Petro Daily Newsletter

Headline Scan Tuesday -- July 24, 2012 Petrol prices increased by 70-89 paise In a first, states top in petro duty mop-up UK gas falls to 2-month low, warm weather caps demand Difficult to reverse Cairn-Vedanta deal: Supreme Court Govt's cash crunch hits promises to OMCs ONGC provides flood relief in Assam RIL shale gas set for expansion Mamata 'disappointed' with petrol price hike, demands rollback Govt assures adequate power, diesel supply to Northwest states Regulatory issues big hurdle for KG-D6: RIL Cairn Posts Highest-ever Quarterly Net at 3,826 cr GOA: Loss due to VAT reduction on petrol Rs 165cr: CM Cairn surrenders block in Kerala-Konkan region Sinopec pays $1.5 bln for Talisman North Sea stake Marathon Oil expands into Kenya with exploration deal Mubadala, Tap Oil to start developing Manora field Chinese company buys Canada oil producer Putin pushes southern gas export pipeline See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Petrol prices increased by 70-89 paise New Delhi: After three consecutive price cuts in petrol since the first week of June, oil marketing companies IOC, HPCL and BPCL on Monday raised... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039145   In a first, states top in petro duty mop-up Collection of duties on petroleum products by the states last fiscal exceeded those by the Centre for the first time ever. While the Centre's col... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039149   UK gas falls to 2-month low, warm weather caps demand LONDON, British prompt gas prices slipped to a two-month low on Monday as warm weather reduced buying from domestic gas suppliers, and filling st... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039162   Difficult to reverse Cairn-Vedanta deal: Supreme Court The Supreme Court on Monday said it will be difficult to reverse the $8.5 billion Cairn-Vedanta deal but would examine the allegation that it con... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039146   Govt's cash crunch hits promises to OMCs The government's tight fiscal situation is telling on its cash compensation mechanism for oil marketing companies (OMCs). The government is yet t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039147   ONGC provides flood relief in Assam Guwahati, Public sector undertaking ONGC has carried out relief operations this year to give respite to flood affected people of Assam. Two leadi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039148   RIL shale gas set for expansion Two years after it bought three shale gas assets in the US, the business, Reliance Industries says, is set to become a material contributor to th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039150   Mamata 'disappointed' with petrol price hike, demands rollback Kolkata, Trinamool Congress supremo and West BengaL Chief Minister Mamata Banerjee Monday expressed her "disappointment" over the announcement of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039151   Govt assures adequate power, diesel supply to Northwest states Amid fears of deficient Monsoon, the government today promised to ensure adequate supply of diesel and power to northwestern states like Punjab a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039152   Regulatory issues big hurdle for KG-D6: RIL Reliance Industries has said regulatory issues continue to be a "big hurdle" in additional investments in its oil and gas fields as it awaits app... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039153   Cairn Posts Highest-ever Quarterly Net at 3,826 cr Cairn India on Monday beat the Street with its highest-ever quarterly net profit, aided largely by foreign exchange gains and higher crude oil ou... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039154   GOA: Loss due to VAT reduction on petrol Rs 165cr: CM PORVORIM: The average estimated loss of revenue to Goa due to reduction of VAT on petrol to 0.1% would be approximately 165 crore per annum, chie... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039155   Cairn surrenders block in Kerala-Konkan region Rajasthan oilfields will continue to be the driver for Cairn India in the days to come. While cumulative production from Rajasthan crossed 100 mi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039156   Sinopec pays $1.5 bln for Talisman North Sea stake CALGARY, Alberta, Talisman Energy Inc said on Monday that Sinopec Corp, China's top refiner, had agreed to buy a 49 percent stake in its North Se... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039157   Marathon Oil expands into Kenya with exploration deal Oil and natural gas company Marathon Oil Corp said it will expand into Kenya by acquiring an interest in two onshore exploration blocks licensed ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039158   Mubadala, Tap Oil to start developing Manora field Abu Dhabi's Mubadala Petroleum and its partners will start developing the Manora concession in the Gulf of Thailand and aim to start production i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039159   Chinese company buys Canada oil producer CALGARY, Alberta, The Canadian energy producer Nexen said Monday it was being acquired by CNOOC Limited, China's leading offshore oil and natural... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039160   Putin pushes southern gas export pipeline Russian President Vladimir Putin threw his weight on Monday behind plans to build a gas export pipeline to southern Europe, saying the project wa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039161   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here