Friday, August 13, 2010

Petro Daily Newsletter

 
Headline ScanFriday -- August 13, 2010
Fuel price hike hits gas-based projects, NERPC to move PM
Cairn Energy Plc in talks to sell stake in India arm
Gas transportation tariff increases fuel cost for distant consumers
ONGC plans Rs 650 cr wind power project in Rajasthan
OVL to submit revised investment plan for Iran gas field
IOC to spend Rs 2,000 cr on alternative energy
Power ministers to meet PM, Deora
Petroleum ministry seeks INR 13381 crore compensation for OMCs
Total says it will begin work on deep-water Angolan fields
Iraq Allows Transit Of Iranian Gas To Syria
ExxonMobil resumes oil shipments after Nigeria spill
Why America should love the oilsands
UGI to invest $300M in Marcellus Shale projects
EU to Probe U.S. Biodiesel Tariffs
Cargill to Build Biodiesel Plant in Argentina
Brazil halts Petrobras oil platform, cites safety
Oil Rebounds After Slumping to One-Month Low on Higher U.S. Jobless Claims
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
Fuel price hike hits gas-based projects, NERPC to move PM

A panel of northeastern states today said it will seek Prime Minister Manmohan Singh's intervention for granting subsidies to gas-based power proje...

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Cairn Energy Plc in talks to sell stake in India arm

Scottish oil explorer Cairn Energy Plc today said it is in talks to sell stake in its Indian unit, Cairn India, which owns the massive Rajasthan oi...

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Gas transportation tariff increases fuel cost for distant consumers

NEW DELHI: The petroleum regulator's decision to charge incremental gas transportation tariff for every 300 kms has resulted in an unprecedented in...

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ONGC plans Rs 650 cr wind power project in Rajasthan

State-owned Oil and Natural Gas Corp (ONGC) proposes to invest Rs 650 crore to set up a wind power project in Rajasthan. "ONGC proposes to set up 1...

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OVL to submit revised investment plan for Iran gas field

ONGC Videsh Ltd and its partners, Indian Oil and Oil India, will this month submit a revised plan for producing natural gas from a massive discover...

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IOC to spend Rs 2,000 cr on alternative energy

Country's largest oil-marketing company, Indian Oil Corporation (IOC), will spend Rs 2,000 crore in next five years to develop power projects based...

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Power ministers to meet PM, Deora

Shillong, Aug. 12: The ninth meeting of the North Eastern Regional Power Committee attended by the region's power ministers here today decided to m...

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Petroleum ministry seeks INR 13381 crore compensation for OMCs

It is reported that petroleum ministry is knocking at the finance ministry's doors again. It wants INR 13,381 crore for meeting the under recoverie...

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Total says it will begin work on deep-water Angolan fields

French oil giant Total said on Wednesday it will begin work on four deep-water fields off Angola even as the IEA warned that uncertainty after the ...

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Iraq Allows Transit Of Iranian Gas To Syria

In a marked ease of tension over oil-related issues, Iraq has agreed to allow Iran to transit gas to Syria through its territory. Iraqi Oil Ministe...

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ExxonMobil resumes oil shipments after Nigeria spill

US oil giant ExxonMobil said Wednesday it had resumed oil deliveries from Nigeria after cleaning up a spill from an offshore platform in the countr...

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Why America should love the oilsands

Premier Ed Stelmach has been severely criticized for the poor job he has done defending Alberta's oil and gas industry, especially the oilsands. Hi...

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UGI to invest $300M in Marcellus Shale projects

UGI Corp., of King of Prussia, said today in a news release that it planned to invest $300 million over the next two years on projects to support t...

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EU to Probe U.S. Biodiesel Tariffs

BRUSSELS—The European Commission said Thursday it would investigate whether U.S. biodiesel is being shipped through third countries to avoid tariff...

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Cargill to Build Biodiesel Plant in Argentina

BUENOS AIRES – Agribusiness giant Cargill said Thursday it was investing $113.6 million to build a biodiesel plant and an electricity generator in ...

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Brazil halts Petrobras oil platform, cites safety

RIO DE JANEIRO, - Brazil's oil regulator said on Thursday it halted operations of state oil company Petrobras' offshore P-33 platform, citing ...

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Oil Rebounds After Slumping to One-Month Low on Higher U.S. Jobless Claims

Crude oil rebounded from a one-month low and traded above $76 a barrel in New York after falling as U.S. applications for unemployment benefits ros...

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