Petro Daily Newsletter

Headline Scan Friday -- August 24, 2012 Cars, SUVs consume 16 pc of total subsidised diesel No LPG refill for those with extra connection Brent crude pares gain as stimulus hopes ease ONGC may renew search for strategic partners Petrol may cost more by Rs 3/litre Cairn looks to sell gas from Barmer basin OilMin against inclusion of EIL in stake-sale list Petronet's Kochi LNG terminal to start in two months ONGC project sees GAIL cut equity stake to 15.5 pc ONGC's plan to hive off CBM assets to face delay CCEA clears five more oil, gas blocks Govt delays approvals on 52 oil, gas exploration blocks PetroChina Seeks Acquisitions in C Asia, E Africa, Australia, Canada S Korea imports Iran oil in July despite EU insurance bar Sudan, South Spar Over Oil-Rich Region Egypt struggles to buy fuel as credit dries up Venezuela imports oil despite having largest reserves Syria casts net wide in search of oil deals BP blames faulty refinery unit for recalled gasoline See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Cars, SUVs consume 16 pc of total subsidised diesel New Delhi, About 16 per cent of subsidised diesel sold in India is consumed by cars and SUVs, prompting Oil Ministry to propose levy of additiona... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039606   No LPG refill for those with extra connection LPG consumers may not be able to refill their cylinders next time if they do not surrender the extra connections. "Extra connections will be bloc... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039613   Brent crude pares gain as stimulus hopes ease NEW YORK, Brent crude pared gains on Thursday as revived hopes for more stimulus from the U.S. Federal Reserve faded and doubts about Europe's ab... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039624   ONGC may renew search for strategic partners KOLKATA, After four years of struggling to rope in strategic partners for its loss-making coal bed methane assets, ONGC may approach the board ag... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039607   Petrol may cost more by Rs 3/litre MUMBAI: Stage is set for another round of petrol price hike with Indian basket of crude oil increasing by over $10 to $113 per barrel since the p... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039608   Cairn looks to sell gas from Barmer basin Cairn India, a subsidiary of Vedanta Resources, is planning to commercialise gas production from its Barmer basin in Rajasthan. The basin under C... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039609   OilMin against inclusion of EIL in stake-sale list New Delhi, Finance minister P Chidambaram's disinvestment agenda hit its first rough patch this week with the petroleum ministry refusing the inc... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039610   Petronet's Kochi LNG terminal to start in two months Kochi: The Petronet LNG Ltd. (PLL) terminal here in Kerala is likely to be commissioned within two months, a top official said Thursday. The liqu... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039611   ONGC project sees GAIL cut equity stake to 15.5 pc New Delhi: State-run gas utility GAIL India Ltd has cut its equity stake in ONGC's Dahej mega petrochemical project to 15.5 per cent after projec... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039612   ONGC's plan to hive off CBM assets to face delay Mumbai, Oil and Natural Gas Corporation (ONGC)'s plans to move out of the coal bed methane (CBM) business and focus on the conventional oil and g... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039614   CCEA clears five more oil, gas blocks The Cabinet Committee on Economic Affairs (CCEA), on Thursday, cleared five more oil and gas blocks that had been put on offer under the NELP IX ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039615   Govt delays approvals on 52 oil, gas exploration blocks NEW DELHI, Energy firms that have invested more than $12 billion have been hit by delays on required approvals for 52 exploration blocks, some aw... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039616   PetroChina Seeks Acquisitions in C Asia, E Africa, Australia, Canada HONG KONG--PetroChina Co. (PTR), China's largest listed oil company by capacity, said Thursday it is actively seeking acquisitions in central Asi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039617   S Korea imports Iran oil in July despite EU insurance bar SEOUL: South Korea imported crude from Iran in July, an unexpected move put down to shipment delays in June cargoes, after Seoul had previously s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039618   Sudan, South Spar Over Oil-Rich Region KAMPALA—Sudan and South Sudan traded new allegations Thursday over a disputed oil-rich region straddling the two countries, heightening the risk ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039619   Egypt struggles to buy fuel as credit dries up LONDON/CAIRO, Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high prem... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039620   Venezuela imports oil despite having largest reserves Venezuela, a country that boasts of having the largest oil reserves in the world, is facing an acute scarcity of gasoline due to deterioration of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039621   Syria casts net wide in search of oil deals LONDON, The Syrian government is negotiating deals with firms in London, Singapore and the Middle East to sell crude oil in return for the fuel i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039622   BP blames faulty refinery unit for recalled gasoline NEW YORK, BP Plc said on Thursday an alkylation unit at its 337,000 barrels-per-day refinery in Whiting, Indiana, was the source of the 50,000 ba... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039623   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here