Petro Daily Newsletter

Headline Scan Tuesday -- August 07, 2012 Indian shippers wary of state's Iran insurance Crude extends losses as storm threat fades, euro concerns brew U.S. regulators get tougher on oil pipelines Petroleum sector: Lack of reforms, high global crude prices to up subsidy bill Govt panel to meet tomorrow on RIL's KG-D6 investment plan Decision on gas supply to A.P. soon ONGC may have to restate production figures India instructs private firm Gesco to ship Iranian oil New port terminal for LPG ends shortage Rangarajan Panel on hydrocarbons contracts overhaul may get 2-month extension Reliance to extend partnership with British Petroleum to downstream segment Ensure allocated gas to AP or quit, TDP tells Jaipal Reddy HPCL, Mittal Energy joint venture picks IBM solution Candle makers in Kerala concerned at rising prices of paraffin wax Signs mount of North Sea oil supply drop in September Mideast crude tanker rates struggle with ship glut Iran to drill second exploratory well at Caspian Sea gas field US natural gas futures end up, first gain in 5 sessions See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Indian shippers wary of state's Iran insurance NEW DELHI - India's top shipowners have rejected a government offer to ship Iranian oil, saying insurance provided by the state as sanctions hit ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039348   Crude extends losses as storm threat fades, euro concerns brew Crude oil futures slipped in Asian trading on Tuesday even as Tropical Storm Ernesto strengthened in the Caribbean Sea, with forecast models pred... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039362   U.S. regulators get tougher on oil pipelines WASHINGTON, Conditions placed on Enbridge Inc to restart an oil pipeline highlight the tougher stance U.S. regulators are taking after a series o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039358   Petroleum sector: Lack of reforms, high global crude prices to up subsidy bill The Indian petroleum sector continues to suffer from a lack of policy reforms that are piling up the subsidy bill as global crude oil prices stay... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039345   Govt panel to meet tomorrow on RIL's KG-D6 investment plan The petroleum ministry on Monday finally convened a meeting of the management committee for approving the investment and development plans for th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039346   Decision on gas supply to A.P. soon Chief Minister N. Kiran Kumar Reddy greeting Prime Minister Manmohan Singh in New Delhi on Monday. Prime Minister Manmohan Singh on Monday assure... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039347   ONGC may have to restate production figures New Delhi, Oil and Natural Gas Corp (ONGC) may be forced to restate its production volumes if the government continues with the current method of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039349   India instructs private firm Gesco to ship Iranian oil NEW DELHI - The shipping ministry has told private company Great Eastern Shipping Co (Gesco) to supply tankers to import Iranian oil for state-ru... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039350   New port terminal for LPG ends shortage CHENNAI: The shortage of LPG cylinders in the city is set to end. A vessel carrying nearly 30,000 tonnes of LPG crude products has berthed Ennore... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039351   Rangarajan Panel on hydrocarbons contracts overhaul may get 2-month extension NEW DELHI: The government plans to give two months' extension to the Rangarajan Panel set up to overhaul hydrocarbons contracts with private ener... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039352   Reliance to extend partnership with British Petroleum to downstream segment Reliance Industries has signed an agreement with British Petroleum (BP) to source the latter's proprietary paraxylene technology for its aromatic... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039353   Ensure allocated gas to AP or quit, TDP tells Jaipal Reddy Telugu Desam leaders on Sunday demanded that Union Petroleum and Natural Gas Minister S. Jaipal Reddy step down if he was not in a position to en... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039354   HPCL, Mittal Energy joint venture picks IBM solution BANGALORE, IBM today announced that HMEL, a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Mittal Energy Investment Pte Ltd... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039355   Candle makers in Kerala concerned at rising prices of paraffin wax KOCHI, Kerala Candle Manufacturers Association has opposed the continuous revision of paraffin wax prices, saying it will hit candle manufacturin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039356   Signs mount of North Sea oil supply drop in September LONDON, Output from the North Sea's second-largest crude oil stream is set to fall sharply in September, adding to signs of reduced supply from t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039357   Mideast crude tanker rates struggle with ship glut LONDON, Crude oil tanker earnings on the major Middle East route remained under pressure on Monday as the market struggled with a surplus of vess... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039359   Iran to drill second exploratory well at Caspian Sea gas field Tehran Times reported that Iran will drill a second well in the deep waters of the Caspian Sea's Sardar e Jangal gas field. Mr Ali Osuli MD of Kh... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039360   US natural gas futures end up, first gain in 5 sessions NEW YORK, U.S. natural gas futures reversed course and ended higher on Monday, their first gain in five sessions, as technical buying after last ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039361   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here