Petro Daily Newsletter

Headline Scan Thursday -- September 20, 2012 Assocham backs Centre's decision to hike diesel price Saudis offer extra oil to offset price rises Government invites bids from bankers for stake sale in OIL India Cap on LPG cylinders raised from 6 to 9 in Congress-ruled states Age norms for vessels: Shipping firms force a rethink on ONGC LPG distributors threaten to stop delivering cooking gas cylinders Rolling back excise on diesel to deal Rs 6,000-cr blow China fears India backing Japan as tussle escalates All houselhold in Delhi may get 9 subsidised LPG cylinders Diesel adds to railways' blues Cairn India clocks 100 million barrels from its prolific Rajasthan Basin ONGC plans to ramp up natural gas production by over 7 mmscmd U.S. keeps SPR release on the table U.S. lawmaker calls for CFTC probe into high-speed oil trading Saudi Arabia sets new record in crude burning this summer Japan calls for reform of LNG markets BANGLADESH : Panel for gas cylinders in households Moscow Refinery Partners with Total to Cut Emissions by 90% See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Assocham backs Centre's decision to hike diesel price CHENNAI: Industry body Assocham today backed the Centre's decision to hike diesel price and allow FDI in multi-brand retail. It said the initiati... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040030   Saudis offer extra oil to offset price rises Dubai: Saudi Arabia has offered its main customers in the US, Europe and Asia extra oil supplies through the end of year, a sign world's largest ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040036   Government invites bids from bankers for stake sale in OIL India NEW DELHI: The Department of Disinvestment has invited bids from merchant bankers for divesting the government stake further in petroleum explori... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040022   Cap on LPG cylinders raised from 6 to 9 in Congress-ruled states New Delhi: Congress-ruled states have been asked to raise the number of subsidised cylinders from the proposed six to nine for each household in ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040023   Age norms for vessels: Shipping firms force a rethink on ONGC Discrepancy explains why non-productive time of ONGC rigs was 19%, against global norm of 5% Oil and Natural Gas Corporation (ONGC), recently pul... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040024   LPG distributors threaten to stop delivering cooking gas cylinders The National Federation of LPG Distributors of India, North Western Region (NFLDI), has sent a written submission to the four oil companies today... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040025   Rolling back excise on diesel to deal Rs 6,000-cr blow The government would take a hit of about Rs 6,000 crore this year if it rolls back the excise duty of Rs 1.5 per litre on diesel it levied last w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040026   China fears India backing Japan as tussle escalates BEIJING: Chinese officials are worried that the growing relationship between India and Japan, its main rival, is meant to contain and counter it.... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040027   All houselhold in Delhi may get 9 subsidised LPG cylinders NEW DELHI: All household in Delhi may get nine subsidised LPG cylinders in the city annually instead of six with Chief Minister Sheila Dikshit to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040028   Diesel adds to railways' blues New Delhi, With the latest diesel price rise, coming after a rollback of most of the earlier proposals for a passenger fare increase, Indian Rail... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040029   Cairn India clocks 100 million barrels from its prolific Rajasthan Basin Cairn India's cumulative oil production from its prolific Rajasthan block has clocked 100 million barrels,and has helped reduce oil import by ~Rs... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040031   ONGC plans to ramp up natural gas production by over 7 mmscmd New Delhi: State-owned Oil and Natural Gas Corp (ONGC) plans to raise natural gas production by over 7.22 million standard cubic metres per day (... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040032   U.S. keeps SPR release on the table WASHINGTON, All options remain on the table for addressing economic concerns related to energy prices, including a strategic petroleum release, t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040033   U.S. lawmaker calls for CFTC probe into high-speed oil trading WASHINGTON, A U.S. lawmaker on Wednesday asked futures regulators to probe the larger effects of high-speed trading in the oil markets after crud... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040034   Saudi Arabia sets new record in crude burning this summer Official data showed that Saudi Arabia has reached a record monthly consumption of oil in June and July, Reuters reported. This is the contrary t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040035   Japan calls for reform of LNG markets TOKYO: Resource-hungry Japan called Wednesday for a revamp of the world's LNG market, as it ramps up its hunt for new sources of energy for a cou... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040037   BANGLADESH : Panel for gas cylinders in households Dhaka, The Parliamentary Standing Committee on the Ministry of Power, Energy and Mineral Resources on Wednesday suggested increasing the use of l... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040038   Moscow Refinery Partners with Total to Cut Emissions by 90% Gazprom Neft this week showed off its latest upgrade to the Moscow Refinery, part of a plant-modernization program that will cut air emissions by... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040039   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here