Friday, June 25, 2010

Petro Daily Newsletter

 
Headline ScanFriday -- June 25, 2010
CCEA approves award of Exploration Blocks under fourth bid round of CBM(CBM-IV)
Oil regulator to hear predatory pricing charge against OMCs
Cabinet OKs energy efficiency plan
NTPC hits out at gas price pooling
Deora Approves Transparent Methodology for Selection of LPG Distributors through Draw Lots
LNG only option for Indian gas supply - GAIL exec
Ravva oilfield outperforms others
Reliance buys 45% in US shale gas JV for $1.36 bn
Japan lab finds trace of gas in deep space asteroid pod
US: Congress approves new penalties against Iran
Encana to team with CNPC on shale gas
BP demise may threaten US industry
PAKISTAN : Petroleum prices can be lowered further
Obama admin loses bid to keep oil drilling ban
NIGERIA : Total: Hydrocarbons discovered in Nigeria oil property
Oil rises as storm fears trump economic worry
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
CCEA approves award of Exploration Blocks under fourth bid round of CBM(CBM-IV)

The Cabinet Committee on Economic Affairs today approved award of Exploration Blocks under fourth bid round of CBM(CBM-IV) and one block under the ...

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Oil regulator to hear predatory pricing charge against OMCs

A three-member bench of downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) will resume next month hearing on a complaint filed...

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Cabinet OKs energy efficiency plan

NEW DELHI: The Union Cabinet on Thursday approved the ambitious National Mission for Enhanced Energy Efficiency — one of the eight missions under t...

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NTPC hits out at gas price pooling

The country's largest power producer, the state-owned NTPC Ltd, has opposed the idea of pooling of gas prices for power sector as proposed by the p...

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Deora Approves Transparent Methodology for Selection of LPG Distributors through Draw Lots

The Minister of Petroleum & Natural Gas Shri Murli Deora has approved the proposal to introduce a transparent system of selection of distributo...

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LNG only option for Indian gas supply - GAIL exec

LONDON  - India will need to import about 36 billion cubic metres (bcm) of gas, mostly liquid natural gas, to meet an expected doubling of dem...

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Ravva oilfield outperforms others

MUMBAI: While it was largely feared that the ageing Cairn-operated Ravva field (off the Andhra coast) would not last for a long time given the fact...

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Reliance buys 45% in US shale gas JV for $1.36 bn

Mumbai: Reliance Industries will invest $1.36 billion in the US shale gas assets of Pioneer Natural Resources, its second such investment in as man...

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Japan lab finds trace of gas in deep space asteroid pod

Tokyo: Japan's space agency said it had found a trace of gas today in a capsule thought to contain asteroid dust that was brought back to Earth aft...

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US: Congress approves new penalties against Iran

WASHINGTON — Congress on Thursday overwhelmingly passed tough new sanctions against Iran, sending a message to the Tehran government that notions o...

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Encana to team with CNPC on shale gas

Canadian giant Encana and state-controlled China National Petroleum Corporation (CNPC) today signed a memorandum of understanding that could lead t...

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BP demise may threaten US industry

Oil spill aside, US energy security will suffer if BP goes under or is significantly reduced in size. With public anger off the charts over BP's ro...

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PAKISTAN : Petroleum prices can be lowered further

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar told the National Assembly on Thursday that the government would ...

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Obama admin loses bid to keep oil drilling ban

After overturning the ban this week, a federal judge in New Orleans rejected an administration request to put his decision on hold while the govern...

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NIGERIA : Total: Hydrocarbons discovered in Nigeria oil property

Total, one of the world's major oil and gas groups, declares that its subsidiary, Total Exploration and Production Nigeria Ltd, along with Conoil P...

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Oil rises as storm fears trump economic worry

NEW YORK - U.S. crude oil futures bounced late to close slightly higher on Thursday, breaking two straight days of losses, as the possibility ...

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