The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Continue reading "British Petroleum Oil Spill Draws Criminal Speculation"
Thursday, October 8, 2009
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Continue reading "Advantage: Crude"
Monday, August 10, 2009
India’s Chennai Petroleum Corp. has deferred its planned two-month shutdown of nearly a third of its 190,000 barrels-per-day Manali refinery in southern India by a month to meet local fuel demand. For full story, click here
Continue reading "India’s Chennai Petro Deferred Crude Unit Shutdown to Oct"
Sunday, August 9, 2009
India’s Chennai Petroleum Corp. has deferred its planned two-month shutdown of nearly a third of its 190,000 barrels-per-day Manali refinery in southern India by a month to meet local fuel demand. For full story, click here
Continue reading "India’s Chennai Petro Deferred Crude Unit Shutdown to Oct"
Friday, August 7, 2009
India’s crude production will surge by a quarter in phases commenced next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or [...]
Continue reading "Crude Output surged 25% as Cairn Set to Pump Oil"
Tuesday, August 4, 2009
India’s Bharat Petroleum Corp. declared that it has issued a tender to import up to 2 million barrels of sweet crude for loading in October. For full story, click here
Continue reading "Asia-India BPCL has sought Sweet Crude for Oct"
Sunday, August 2, 2009
Cairn India, part of the British oil explorer Cairn Energy, will commence crude oil production from its Mangla oil fields in Barmer, Rajasthan, from the second week this month. Rahul Dhir, chief executive of Cairn India, stated: The company has reached pricing agreements with principal buyers Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals. [...]
Continue reading "Cairn India will begin Oil Output from Rajasthan this month"
Saturday, August 1, 2009
India’s Mangalore Refinery and Petrochemicals Ltd will import 50 percent more crude from Abu Dhabi National Oil Co. in the fiscal year ending March. For full story, click here
Continue reading "India’s MRPL surged 9/10 term Oil Imports from ADNOC"
Thursday, July 30, 2009
India’s crude output will surge by a quarter in phases commencing next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or [...]
Continue reading "Crude Output surged 25% as Cairn has set to pump Oil"
Thursday, July 30, 2009
India’s leading state-owned refiner, Indian Oil Corp, has bought 1.0 million barrels of Tunisia’s Zarzaitine crude in its fourth tender to buy September-loading sweet crude, trade sources said. IOC purchased the cargo from Algerian state-owned Sonatrach at a premium of 85 to 90 cents to dated Brent. For full story, click here
Continue reading "Asia Crude India has purchased 1 bbls Sept Zarzaitine"
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Tuesday, May 25, 2010