Petro Daily Newsletter

Headline Scan Friday -- August 10, 2012 Govt to cut duties on petrol; oil cos may get to revise prices daily Railways to set up four bio-diesel plants Oil may retreat on fastest stockpiling rate in 14 years SC says no to PNGRB probing IGL IOC chief: Return petrol to control regime or hike price IOC reports Rs22,451 crore loss, biggest ever by any listed company Indian Oil urges dealers to run petrol bunks using solar power ONGC plans big-bang downstream foray: Sudhir Vasudeva, Chairman, ONGC Gujarat, UP reject Centre's move for petro duty rejig RIL cuts KG D6 gas field reserves by 70% to 3.10 Tcf D6 is a 'golden block', says British Petroleum chief Europe's LNG supplies to drop 70 pct by 2015 -Barclays Japan takes stake in Canada's natural gas BP, Total to join TAP pipeline project OPEC To Trim Exports On Refinery Maintenance, Oil Movements Says Ernesto closes on Gulf of Mexico oil installations Crude Oil Steady On Thursday On Hopes Of Policy Easing Oil gains, supported by shorter supply, U.S. data See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Govt to cut duties on petrol; oil cos may get to revise prices daily New Delhi, Stung by the mass protest against the price hike of petrol last May, the UPA government has decided not to pass on the current under-r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039403   Railways to set up four bio-diesel plants New Delhi, Railways have decided to set up four plants, the first two of which will come up in Tamil Nadu and Chhattisgarh, for production of bio... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039408   Oil may retreat on fastest stockpiling rate in 14 years OPEC pumped 2.1 million barrels a day more than projected demand in April through June, the biggest overproduction for any quarter since 1998, th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039416   SC says no to PNGRB probing IGL New Delhi, The Supreme Court on Thursday declined to permit the Petroleum and Natural Gas Regulatory Board (PNGRB) to proceed with its inquiry ag... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039401   IOC chief: Return petrol to control regime or hike price NEW DELHI, Reeling under the pressure of the widening gap between domestic and global prices of petroleum products, Indian Oil Corporation and Hi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039402   IOC reports Rs22,451 crore loss, biggest ever by any listed company Indian Oil Corp (IOC) today posted the nation's biggest quarterly net loss of Rs22,451 crore after the government failed to compensate it for cap... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039404   Indian Oil urges dealers to run petrol bunks using solar power PUNE, The Indian Oil Corporation Ltd has urged its dealers to run petrol pumps on solar energy as part of a nationwide green initiative. The oil ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039405   ONGC plans big-bang downstream foray: Sudhir Vasudeva, Chairman, ONGC State-run energy explorer Oil and Natural Gas Corporation is considering a strategic diversification and is on the cusp of entering the downstrea... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039406   Gujarat, UP reject Centre's move for petro duty rejig NEW DELHI, Gujarat and Uttar Pradesh are unwilling to shift to specific duty from ad valorem on petroleum products. The response of these States ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039407   RIL cuts KG D6 gas field reserves by 70% to 3.10 Tcf New Delhi, Minister of State for Petroleum and Natural Gas R P N Singh told the Lok Sabha in a written reply that RIL had estimated 10.3 Tcf of r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039409   D6 is a 'golden block', says British Petroleum chief CHENNAI, The D6 block in the Krishna-Godavari offshore basin is a 'golden block', Robert Dudley, Global CEO of British Petroleum, said recently. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039410   Europe's LNG supplies to drop 70 pct by 2015 -Barclays LONDON, Supplies of liquefied natural gas (LNG) to Europe are likely to drop by almost 70 percent by 2015 as the booming Asian market sucks up ca... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039411   Japan takes stake in Canada's natural gas CALGARY, Alberta,  A Japanese energy consortium took control of a 40 percent stake in shale natural gas assets in Canada from Nexen Inc., th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039412   BP, Total to join TAP pipeline project PARIS: Energy giants BP and Total and Azerbaijan's state company Socar have signed on to help fund a projected gas pipeline linking Greece with I... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039413   OPEC To Trim Exports On Refinery Maintenance, Oil Movements Says The Organization of Petroleum Exporting Countries will reduce shipments by 0.4 percent this month as refiners in Europe and the U.S. perform main... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039414   Ernesto closes on Gulf of Mexico oil installations MEXICO CITY, Tropical Storm Ernesto, bearing down on the coast of Mexico on Thursday, sent wind gusts and showers across the state of Veracruz, h... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039415   Crude Oil Steady On Thursday On Hopes Of Policy Easing Crude oil futures were steady Thursday after the reported drop in Chinese inflation fueled expectations again for more policy easing from China. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039417   Oil gains, supported by shorter supply, U.S. data LONDON, Oil gained on Thursday, supported by better than forecast U.S. employment and trade data, and on worries about supply disruptions in the ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039418   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here