Petro Daily Newsletter

Headline Scan Friday -- October 18, 2013 Underrecovery relief likely for Centre India eyes more Iranian oil, but without violating US sanctions Crude oil down 0.8% on weak overseas cues Brent steady above $110 as US debt impasse ends, data deluge in focus Canada sets new oil tests to improve rail safety Brazil oil industry workers to strike from Thursday Russia sees global advantage in oil EU lawmakers freeze plan to cap food for fuel South Korean president calls for global energy cooperation Oil sands production cut after natural-gas line ruptures Angola tax to lift oil exploration costs, producers can recoup Odisha: Paradip Refinery Project to resume work soon I don't want to compromise on due diligence process: Veerappa Moily Adani Ports, United Liner among five bidders for JNPT's liquid terminal ECB flows may choke as banks hit their limits Oil projects: McNally to tie up with Engineers India HPCL zeroes in on Rewari as critical pipeline hub IOCL gets forest clearance for Paradip-Ranchi-Raipur pipeline See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Underrecovery relief likely for Centre The overall underrecovery for oil marketing companies (OMCs) in the current financial year was set to touch Rs 140,000 crore, Indian Oil Corporat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045635   India eyes more Iranian oil, but without violating US sanctions NEW DELHI, India is exploring ways to increase crude oil supplies from Iran without attracting US sanctions. The current waiver granted to India ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045638   Crude oil down 0.8% on weak overseas cues Crude oil prices moved down by 0.82% to Rs 6,275 per barrel in futures trade today as participants engaged in trimming positions, taking a weak c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045652   Brent steady above $110 as US debt impasse ends, data deluge in focus SINGAPORE, Brent futures were steady above $110 a barrel on Thursday, with investors reluctant to lock in fresh positions ahead of a deluge of da... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045651   Canada sets new oil tests to improve rail safety OTTAWA  - The Canadian government, reacting to the July inferno in Quebec involving a runaway train carrying oil, imposed a new regulation o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045650   Brazil oil industry workers to strike from Thursday Oil industry workers in Brazil said on Wednesday that they will stop working indefinitely to protest a government decision to sell exploration ri... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045649   Russia sees global advantage in oil DAEGU, South Korea, With U.S. oil exports restricted and the Middle East and North Africa in turmoil, it's Russia that can ensure energy security... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045648   EU lawmakers freeze plan to cap food for fuel BRUSSELS  - EU lawmakers deferred on Wednesday plans to curb the use of fuels made from food crops, providing a reprieve for some in the bio... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045647   South Korean president calls for global energy cooperation DAEGU, South Korea, International cooperation is needed to address global energy challenges, said South Korea's president. Speaking to the World ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045646   Oil sands production cut after natural-gas line ruptures CALGARY, Alberta, Canadian oil sands producers who together account for more than half of the region's output began scaling back production on Th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045645   Angola tax to lift oil exploration costs, producers can recoup LUANDA - Angola has hit oil companies with a tax of up to 10 percent of their spending on services, government documents showed, in a move that w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045644   Odisha: Paradip Refinery Project to resume work soon Paradip: The Paradip Refinery Project (PDRP) was affected by the Phailin as project activities were stopped during the duration of the cyclone. T... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045643   I don't want to compromise on due diligence process: Veerappa Moily New Delhi: Oil minister M. Veerappa Moily has attracted controversy since the June decision to raise the price of domestic gas in a move that wil... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045642   Adani Ports, United Liner among five bidders for JNPT's liquid terminal MUMBAI: Five companies, including Adani Ports and United Liner Agencies (ULA), have shown interest in constructing the Rs 1,800-crore liquid term... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045641   ECB flows may choke as banks hit their limits New Delhi, Indian public sector units including Fortune 500 oil companies have informed the government that fund-raising from foreign markets thr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045640   Oil projects: McNally to tie up with Engineers India KOLKATA, McNally Bharat Engineering Co Ltd (MBE), B. M. Khaitan Group's industrial engineering services company, is set to enter into a technolog... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045639   HPCL zeroes in on Rewari as critical pipeline hub MUMBAI, Rewari in Haryana is poised to emerge as an important pipeline hub for Hindustan Petroleum Corporation. It is from here that petrol, dies... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045637   IOCL gets forest clearance for Paradip-Ranchi-Raipur pipeline The forest and environment department of the Odisha government has given its consent for diversion of 70.42 hectare (ha) of forest land for the R... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045636   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here