Petro Daily Newsletter

Headline Scan Thursday -- August 23, 2012 Videocon, BPCL joint venture finds oil off Brazilian coast Crude spikes on Fed minutes and falling supplies Bond yields ease on oil; growth data, euro zone watched Oil ministry to refer decision on RIL,Cairn proposals to cabinet news Cairn India plans $2 bn capex over two years Energy companies want government to retain incentives for oil and gas contracts Oil firms may press for petrol price hike Independent directors raise questions listing ONGC Videsh Kiran Kumar Reddy urges PM to look into KG basin gas production issue Andhra Industries to seek reduction in VAT on diesel Adnl duty on diesel cars would complicate investment envt: M&M Story ONGC to harness geothermal energy in South Cambay basin BANGLADESH : New gas layer found in Kailashtila Iran seeks Opec consensus on oil stockpile release by US No consensus in a new OPEC's Secretary General China's Oil Demand Rebounds 20 put on trial in China for selling toxic "gutter oil" ConocoPhillips to sell interest in Russian JV NEPAL : Exempt tax on petroleum products See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Videocon, BPCL joint venture finds oil off Brazilian coast CHENNAI, A consortium in which the wholly owned subsidiaries of Videocon Industries and Bharat Petroleum Corporation are members have completed t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039605   Crude spikes on Fed minutes and falling supplies Crude oil futures spiked higher during U.S. afternoon hours Wednesday,  as Fed minutes revealed a readiness for easing and a U.S. government... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039604   Bond yields ease on oil; growth data, euro zone watched MUMBAI: India's 10-year benchmark bond yield eased marginally on Wednesday as lower oil prices aided sentiment, although trading remained thin du... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039593   Oil ministry to refer decision on RIL,Cairn proposals to cabinet news The ministry of petroleum and natural gas would likely refer a decision on proposals of Reliance Industries and Cairn India to drill exploration ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039587   Cairn India plans $2 bn capex over two years Mumbai: Cairn India plans to invest USD 2 billion over the next two years in oil and gas exploration and production both in the country as well a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039588   Energy companies want government to retain incentives for oil and gas contracts NEW DELHI: Exploration companies such as Reliance Industries, BP and Cairn India have urged the Rangarajan committee, which is reviewing oil and ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039589   Oil firms may press for petrol price hike New Delhi, PSU oil firms are likely to push for hike in petrol prices as international oil prices are again on a upward move on hopes of some act... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039590   Independent directors raise questions listing ONGC Videsh NEW DELHI, Independent directors of ONGC are believed to have raised some questions on the proposed move to list ONGC Videsh Ltd (OVL), the compa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039591   Kiran Kumar Reddy urges PM to look into KG basin gas production issue Hyderabad: Andhra Pradesh Chief Minister N Kiran Kumar Reddy has urged Prime Minister Manmohan Singh to look into the "serious issue" of gas prod... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039592   Andhra Industries to seek reduction in VAT on diesel Hyderabad, With little to do except living with power shortage in Andhra Pradesh, some of the industry in the state is now turning to take a life... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039594   Adnl duty on diesel cars would complicate investment envt: M&M Bangalore: Auto major Mahindra & Mahindra on Wednesday said that any hike in excise duty on diesel-run vehicles would result in wrong allocat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039595   Story ONGC to harness geothermal energy in South Cambay basin Ahmedabad, Oil and Natural Gas Corp (ONGC) has joined hands with a Belgian firm to harness geothermal energy in South Cambay basin of Gujarat. ON... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039596   BANGLADESH : New gas layer found in Kailashtila The state-run oil and gas exploration company has detected a new gas layer at a well in Kailashtila gas field in Sylhet, officials say. There wer... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039597   Iran seeks Opec consensus on oil stockpile release by US Tehran: Iran plans consultations with fellow members of the Organisation of Petroleum Exporting Countries and other oil producers in response to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039598   No consensus in a new OPEC's Secretary General LONDON/DUBAI, OPEC has delayed a meeting of officials to help select its new secretary general, delegates from the oil producers' group said, put... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039599   China's Oil Demand Rebounds China's apparent oil demand* rose 2.4% year on year in July to 38.92 million metric tons (mt), or an average 9.2 million barrels per day (b/d), a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039600   20 put on trial in China for selling toxic "gutter oil" Beijing, Twenty people were put on trial trial in east China's Zhejiang Province today for selling highly toxic "gutter oil" as edible oil. The s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039601   ConocoPhillips to sell interest in Russian JV ConocoPhillips said it will sell its indirect 30 percent interest in a joint venture in Russia and certain related assets to Russian oil company ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039602   NEPAL : Exempt tax on petroleum products KATHMANDU: Ministry of Commerce and Supplies (MoCS) has asked the Finance Ministry to exempt taxes being levied on all petroleum products except ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039603   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here