Tuesday, July 27, 2010

Petro Daily Newsletter

 
Headline ScanTuesday -- July 27, 2010
GoM upholds ethanol blending price
EGoM likely to be flooded with demand for gas
Gas demand rises even as India loses out on cheap LNG
Energy high on India-Myanmar talks agenda
Shell to focus on petrol to capture market
Cairn may get more time to explore Rajasthan oil field
Cess flak forces Bengal govt to announce subsidy on diesel
Essar Oil suffers Rs 70 cr loss as refining margins fall
China: Oil Spill Contained in Coastal Waters
Chinese state firm resumes Iran fuel sales
Europe's new sanctions on Iran unlikely to bring oil trade to a halt
SRI LANKA : BoC to complete Shell due diligence this week
A poison named jatropha
NIGERIA : NNPC denies report on privatization of refineries, PPMC
NIGERIA : Bank Sues Oil Firm Over N661m Debt
NYMEX-Crude ends flat as supply returns post-storm
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
GoM upholds ethanol blending price

In spite of the stiff opposition from the Ministry of Chemicals and Fertilizers, the group of ministers (GoM) on ethanol today maintained status qu...

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EGoM likely to be flooded with demand for gas

NEW DELHI: The much-talked meeting of the Empowered Group of Ministers (EGoM) on Wednesday is likely to see a flood of demand for natural gas from ...

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Gas demand rises even as India loses out on cheap LNG

With India's gas production outpacing its crude oil production in 2009-10, the hankering for gas allocation has increased, too, but the lack of ade...

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Energy high on India-Myanmar talks agenda

With India's growing stake in neighbouring Myanmar's gas fields, energy security will be high on the agenda of talks when Myanmar ruler General Tha...

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Shell to focus on petrol to capture market

Shell India, the arm of Royal Dutch Shell operating in the country, has re-worked its fuel retail strategy following the deregulation of petrol pri...

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Cairn may get more time to explore Rajasthan oil field

NEW DELHI: The government may give additional time to Cairn India for exploring more oil and gas in its producing Rajasthan oil field provided the ...

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Cess flak forces Bengal govt to announce subsidy on diesel

Kolkata: Faced with sharp criticism from the Union government and the Opposition over a high cess charged on fuel in the state, the West Bengal gov...

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Essar Oil suffers Rs 70 cr loss as refining margins fall

MUMBAI: Essar Oil clocked a revenue of Rs 12,048 crore in the first quarter of FY11, up 52% from the year-ago period, but posted a loss of Rs 70 cr...

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China: Oil Spill Contained in Coastal Waters

Authorities in China say one of the country's worst oil spills has been contained before any of the oil could reach international waters. Dai Yulin...

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Chinese state firm resumes Iran fuel sales

SINGAPORE/BEIJING: China's state-run Zhuhai Zhenrong Corp, has sold its first fuel cargo to Iran in at least two years, industry sources said yeste...

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Europe's new sanctions on Iran unlikely to bring oil trade to a halt

DUBAI: Sanctions on Iran tightened their grip on Monday with European measures making business with the OPEC member even harder, but no-one expects...

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SRI LANKA : BoC to complete Shell due diligence this week

The Bank of Ceylon will complete the due diligence process for the Shell Gas sell-out deal by the end of this week. The Bank is in the process of c...

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A poison named jatropha

In 2007-08, the West woke up to find that there's no such thing as a free lunch, quite literally. Diverting corn (maize) for ethanol use in the US ...

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NIGERIA : NNPC denies report on privatization of refineries, PPMC

The Nigerian National Petroleum Corporation, NNPC, has denied reports being circulated by industry unions that the Federal Government is planning t...

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NIGERIA : Bank Sues Oil Firm Over N661m Debt

Afribank Plc has filed a winding up petition before a Federal High Court sitting in Lagos against an oil firm, Imad Oil and Gas Limited, over alleg...

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NYMEX-Crude ends flat as supply returns post-storm

NEW YORK, U.S. crude oil futures settled unchanged on Monday after seesawing as strong U.S. new home sales data and positive corporate guidance lif...

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