Wednesday, July 28, 2010

Petro Daily Newsletter

 
Headline ScanWednesday -- July 28, 2010
Fuel price hike won't affect consumers: Deora
Government Rejects Fuel Price Hike Roll Back
BP Oil Spill Thwarts Shell, Statoil in Arctic as Regulators Delay Drilling
Can't supply gas to RNRL or NTPC: PetroMin
RIL acquires Bombay Dyeing's polyester unit for around Rs 300 cr
Reliance Delays Boosting Production at India's Biggest Gas Field
Govt expects to garner Rs 977 cr from EIL disinvestment
OIL profit down 32% on subsidies
Cairn India June qtr profit sees 6-fold jump
Gas Demand May Make Australia 'Qatar of the Pacific'
Gulf oil spill good for Africa
UN oversight of Iraqi oil money struggling to adapt
Greenpeace shuts down BP petrol stations
Oil prices flat on expectations of crude inventory drop
Oil Falls a Second Day After U.S. Supplies Gain, Consumer Confidence Drops
Crude oil prices slide
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
Fuel price hike won't affect consumers: Deora

NEW DELHI: Ruling out any rollback in cooking gas and kerosene prices, Petroleum Minister Murli Deora today said that the increase was "not that hi...

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Government Rejects Fuel Price Hike Roll Back
The government rejected the oppositions' demand of rolling back the fuel price hike. The opposition's demand for rolling back price hike upset the pro...
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BP Oil Spill Thwarts Shell, Statoil in Arctic as Regulators Delay Drilling

BP Plc's disaster in the Gulf of Mexico will keep the planet's biggest pot of untapped oil and gas under the Arctic ice for now as regulators tough...

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Can't supply gas to RNRL or NTPC: PetroMin

The petroleum ministry is telling the Empowered Group of Ministers (EGoM) that as of now it cannot commit gas supply to either Anil Ambani's Relian...

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RIL acquires Bombay Dyeing's polyester unit for around Rs 300 cr

MUMBAI: Reliance Industries (RIL) has bought out the loss-making polyester plant of Bombay Dyeing at just under Rs 300 crore, according to two peop...

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Reliance Delays Boosting Production at India's Biggest Gas Field

Reliance Industries Ltd., India's biggest company by market value, expects to reach peak output at the nation's largest gas field as late as 2012, ...

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Govt expects to garner Rs 977 cr from EIL disinvestment

NEW DELHI: The government expects to mop-up Rs 977 crore from the 10 per cent disinvestment in state-run Engineers India Limited (EIL). "We expect ...

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OIL profit down 32% on subsidies

New Delhi: Upstream oil major Oil India Ltd on Tuesday posted a 32% decline in profits to Rs 501 crore in the first quarter ending June compared to...

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Cairn India June qtr profit sees 6-fold jump

NEW DELHI: Cairn India today reported a six-fold jump in its net profit in the quarter ended June 30 as it began selling large volumes of crude oil...

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Gas Demand May Make Australia 'Qatar of the Pacific'

Australian liquefied natural gas projects are poised to benefit from surging demand in Asian markets, making the country the "Qatar of the Pacific"...

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Gulf oil spill good for Africa

Now estimated to be spewing up to 60,000 barrels of oil into the Gulf every day, the Deepwater Horizon spill is huge, but still relatively moderate...

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UN oversight of Iraqi oil money struggling to adapt

BAGHDAD - Recent allegations of illicit exports to Iran have exposed major flaws in the UN-mandated oversight of Iraq's oil revenue. Since 2003, a ...

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Greenpeace shuts down BP petrol stations

London, British Petroleum (BP) was prevented from selling fuel anywhere in central London Tuesday morning by Greenpeace activists, who shut down ev...

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Oil prices flat on expectations of crude inventory drop

Oil prices were little changed Monday as investors mulled expectations of an inventory decline in the United States and as concerns over a storm th...

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Oil Falls a Second Day After U.S. Supplies Gain, Consumer Confidence Drops

Oil fell for a second day in New York after an industry report showed U.S. crude inventories rose and the Conference Board said confidence among th...

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Crude oil prices slide

NEW YORK, Crude oil prices slid to nearly $77 per barrel on the New York Mercantile Exchange Tuesday, closing 0.59 percent lower with equities clos...

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