Petro Daily Newsletter

Headline Scan Monday -- February 03, 2014 Corporates cheer as oil minister Moily takes charge of green clearances Petronet to lease out half of Kochi terminal Nikkei Futures Slip After U.S. Slump as Crude Oil Drops Crude oil futures - weekly outlook: February 3 - 7 Natural gas futures - weekly outlook: February 3 - 7 Oil giants ready to return to Iran for investment: Official Sultan issues decree restructuring Sharjah National Oil Corporation Keystone report raises pressure on Obama to approve pipeline More gas reserves found in Jaisalmer VMC committee nod for gas price hikes IOC, Simon Fraser University sign clean energy research pact IOC to commission LPG unit near Kochi by 2017 Hike in LPG Cap to Hurt Finances of ONGC, OIL Estimates Panel Was Almost For Scrapping DBT for Cooking Gas New LPG subsidy scheme causes chaos as new system needed to sell gas at subsidised rates Hike in LPG cap to cost Rs 5,000 crore; to be borne by ONGC, OIL along with retailers Aadhaar-based LPG subsidy still not disconnected; govt to set up panel to review linkage See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Corporates cheer as oil minister Moily takes charge of green clearances As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued perm... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047202   Petronet to lease out half of Kochi terminal NEW DELHI: Petronet LNG Ltd, the nation's biggest liquefied natural gas buyer, plans to lease out one of the two storage tanks at its newly commi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047204   Nikkei Futures Slip After U.S. Slump as Crude Oil Drops Japanese index futures fell with Australian stocks after the Standard & Poor's 500 Index capped its longest stretch of weekly declines since ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047214   Crude oil futures - weekly outlook: February 3 - 7 New York-traded crude oil futures fell from a four-week high on Friday, as growing concerns over the economic outlook in emerging markets and the... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047213   Natural gas futures - weekly outlook: February 3 - 7 U.S. natural gas futures fell sharply on Friday, as a break in the cold to milder weather prompted a correction in the market after a rapid price... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047212   Oil giants ready to return to Iran for investment: Official A top aide to Iran Oil Minister Bijan Namdar Zanganeh says world oil giants plan to return to Iran in the light of ease in sanctions against the ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047211   Sultan issues decree restructuring Sharjah National Oil Corporation SHARJAH, H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No. 23 of year 2014,... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047210   Keystone report raises pressure on Obama to approve pipeline Pressure for President Barack Obama to approve the Keystone XL pipeline increased after a State Department report played down the impact it would... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047209   More gas reserves found in Jaisalmer JAISALMER: Focus Energy has discovered new gas reserves in Jaisalmer in the same block where it had found new reserves in October 2012. According... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047208   VMC committee nod for gas price hikes VADODARA: The standing committee of Vadodara Municipal Corporation (VMC) has cleared the proposal for hike in tariff of Piped Natural Gas (PNG) c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047207   IOC, Simon Fraser University sign clean energy research pact State-owned Indian Oil Corp (IOC) has signed an agreement with Canada's Simon Fraser University (SFU) for collaboration on clean energy research.... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047206   IOC to commission LPG unit near Kochi by 2017 KOCHI, The integrated LPG import facility of the public sector Indian Oil Corporation, on land allotted by the Kochi port, is scheduled to be com... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047205   Hike in LPG Cap to Hurt Finances of ONGC, OIL MUMBAI, The government's populist move to hike the supply of cheap cooking gas at a cost of Rs. 5,000 crore will hurt the finances of not only th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047198   Estimates Panel Was Almost For Scrapping DBT for Cooking Gas Two days before the Cabinet put the Aadhaar-based direct benefits transfer regime for LPG cylinders on hold, a parliamentary panel led by a Congr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047199   New LPG subsidy scheme causes chaos as new system needed to sell gas at subsidised rates NEW DELHI: The government's decision to raise the supply of cheap cooking gas has actually jammed supplies, hurting consumers who were supposed t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047200   Hike in LPG cap to cost Rs 5,000 crore; to be borne by ONGC, OIL along with retailers MUMBAI: The government's populist move to increase the supply of cheap cooking gas at a cost of Rs 5,000 crore will hurt the finances of not only... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047201   Aadhaar-based LPG subsidy still not disconnected; govt to set up panel to review linkage NEW DELHI: Oil companies continue to collect Aadhaar numbers of cooking-gas consumers as the government is again discussing the merits of the sch... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047203   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here

Petro Daily Newsletter

Headline Scan Friday -- January 31, 2014 BPCL : Ascending to the next level Cap on LPG cylinders raised to 12 Oil prices steady after Fed taper decision RBI governor Raghuram Rajan questions LPG cap hike U.S. crude oil rises, narrows discount to Brent U.S. propane exports in November hit record 410,000 bpd U.S. utilities seen burning more coal due high gas prices Egyptian Unrest Pushes Foreign Firms To The Door Why Iran Is Courting BP And ExxonMobil Iran expects major foreign oil investments Insurers group sounds alarm over Iran ship insurance Royal Dutch Shell halts Alaska exploration as profits fall Low Foreign Interest in Pakistan's New Oil Blocks Declare airspace over MRPL a no-fly zone Gail, Japan's Chubu form gas buyers' club India becomes world's third largest crude oil importer Under-recoveries are not all gas IOC to invest about Rs 1,000 crore in Kerala by 2016-17 See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BPCL : Ascending to the next level Bharat Petroleum Corporation Limited (BPCL), 54.93 % owned by the Government of India and until recently purely a fuel refiner and retailer, has ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047162   Cap on LPG cylinders raised to 12 NEW DELHI, With an eye on the forthcoming general elections and an informal diktat from Congress Party Vice-President Rahul Gandhi, the Governmen... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047163   Oil prices steady after Fed taper decision New York's main contract West Texas Intermediate for delivery in March gained 28 cents to $97.64 a barrel. Brent North Sea crude for March stood ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047179   RBI governor Raghuram Rajan questions LPG cap hike New Delhi, Reserve Bank of India governor Raghuram Rajan on Thursday expressed doubt over the government's decision to raise the cap of subsidise... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047164   U.S. crude oil rises, narrows discount to Brent NEW YORK, U.S. crude oil rose nearly $1 on Thursday on spread trading and higher demand as blistering cold sapped distillate supplies and governm... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047178   U.S. propane exports in November hit record 410,000 bpd NEW YORK  - Propane exports from the United States rose to 410,000 barrels per day (bpd) in November, a four-decade high, according to data ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047177   U.S. utilities seen burning more coal due high gas prices The recent increase in U.S. natural gas prices is expected to dent demand for gas as utilities use more coal to generate power, electricity trade... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047176   Egyptian Unrest Pushes Foreign Firms To The Door As Cairo observes the third anniversary since the collapse of the long standing government of Hosni Mubarak, continued unrest and political insta... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047175   Why Iran Is Courting BP And ExxonMobil As it attempts to reap the benefits of easing international sanctions, Iran is wooing western oil companies in hopes of luring them back to the c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047174   Iran expects major foreign oil investments TEHRAN, An Iranian director of international investment said as much as $200 billion in foreign investments may be headed to the nation's oil sec... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047173   Insurers group sounds alarm over Iran ship insurance SINGAPORE - A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has n... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047172   Royal Dutch Shell halts Alaska exploration as profits fall Oil giant Royal Dutch Shell is stepping up asset disposals as part of a strategy that will see the company "changing emphasis" in 2014. The chang... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047171   Low Foreign Interest in Pakistan's New Oil Blocks The government of Pakistan has provisionally awarded exploration licenses for 50 oil blocks covering over 100,000 square kilometers and eyeing ov... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047170   Declare airspace over MRPL a no-fly zone The airspace over Mangalore Refinery and Petrochemical Limited (MRPL) in Kuthethoor is yet to be declared as a no-fly zone. The Thumbe water pump... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047169   Gail, Japan's Chubu form gas buyers' club NEW DELHI: State-run gas utility Gail and Japan's Chubu Electric Power Co are coming together for jointly buying liquid gas with a view to levera... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047168   India becomes world's third largest crude oil importer New Delhi: India's growing population with growing energy demands has led to greater oil imports in 2013, as per a report published by a leading ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047167   Under-recoveries are not all gas Rahul Gandhi's wish is Veerappa Moily's command. Each household will now get 12 subsidised LPG cylinders a year — up from the earlier nine. This ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047166   IOC to invest about Rs 1,000 crore in Kerala by 2016-17 KOCHI: Public sector Indian Oil Corporation (IOC) will invest about Rs 1,000 crore by 2016-17 in Kerala to set up various facilties, including an... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047165   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here