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TODAY'S PRESS HEADLINES...Power secretary seeks gas for NTPC at $2.34 before resolution of RIL dispute (Indian Express)...Bring gas to NTPC issue before panel (Times of India)...Cairn sees Rajasthan reserves rising 25% (DNA)...IOC rejects partnership offer for proposed Barmer refinery (PTI)...ONGC to invest $5.8 bn in FY11: Oil minister (Reuters)...Government not planning to go for FPOs in ONGC, IOC now (PTI)...IOC proposes share sale to shore up its finances (Economic Times)...No Indian firm exporting petrol to Iran, says Jitin Prasada (PTI)...ONGC’s proposed SEZ in Gujarat gets green signal (PTI)...RIL made 20 visits to facilities; revised offer twice: LyondellBasell (PTI)...Taxes account for 51.5% of petrol price in Delhi (PTI)...Alternative source of gas supply – import from Iran and Turkmenistan (Press Information Bureau)...Modernization programme of ONGC (Press Information Bureau)...LPG suppliers threaten to close shops in Dimapur (PTI)...Why RIL’s bid for Lyondell failed (Live Mint)...Asia Crude-ONGC sells Sokol at stronger premium (Reuters )...IOC tenders to buy more crude oil for May (Reuters)...Oil ministry proposes three-year deepwater rig holiday (CNBC-TV18)...Power, petroleum ministries again clash on gas price (Hindustan Times)...Rajagopalan loses GSPC chief's post (Times of India)...Sanctions on Iran counter-productive (The Hindu)...India's Reliance 'eyes new prey after Lyondell snub' (AFP)...Costly crude puts strain on fuel price (The Telegraph)...Events in Nigeria and China help push crude prices higher (Financial Chronicle )...Mexican pride threatens oil production (Financial Chronicle)...Garware Offsh - award of contract from ONGC (Garware Offshore Services )...Aban Offshore - credit rating (Aban Offshore )...OIL field discovery in Syria by OVL and partner (ONGC Videsh)...Appendix 3Y (Oilex)...
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Daily Press Review

PETROWATCH monitors Indian and foreign press internet websites on a daily basis for news articles and features of relevance to the Indian oil and gas sector.

Up to 20 links are provided each day to stories and company press releases about commercial and political developments in the country's exploration, gas marketing, refining and renewable energy sectors.

These links are formatted into a single Daily Press Review and sent to subscribers by e-mail, ensuring complete up-to-date information on every segment of the Indian energy sector.

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PETROWATCH Daily Press Review (05/09/07)


KG Basin’s rising capex now under petroleum ministry lens
(Source: Rajeev Jayaswal, Economic Times)

Quipo Oil & Gas to acquire 8 rigs for $140 million
(Source: Rakteem Katakey, Business Standard)

RIL east-west pipeline to be ready by December
(Source: PB Jayakumar, Business Standard)

Reliance eyes Kenya Petro stake
(Source: Suprotip Ghosh, Hindustan Times)

GAIL seeks nod for pipeline gas in 230 cities
(Source: IANS)

GAIL eyes Rs500 bn revenue by 2011
(Source: Reuters)

Oil minister: no plan to raise fuel prices
(Source: Reuters)

MRPL sells 36KT jet fuel for early Oct loading
(Source: Reuters)

Maharashtra petrol dealers go on strike
(Source: PTI)

ONGC plans tie-ups with energy, IT firms to boost output
(Source: PTI)

RS Sharma set to head ONGC
(Source: Yogima Seth, Times of India)

New satellite launch opens up business vistas
(Source: DS Madhumati, Mamuni Das & Thomas K Thomas, Hindu Business Line)

GDF-Suez merger deals a blow to EU ambition to open energy sector
(Source: Judy Dempsey & Katrin Bennhold, International Herald Tribune)

Gas pricing EGoM leaves others in lurch
(Source: The Pioneer)

Cairn India to invest Rs10bn in exploration
(Source: Busines Standard)

Five FIIs take stake in Assam Company
(Source: Hindu Business Line)

IOC plans to sell bonds worth Rs20bn in October
(Source: Hindu Business Line)

Oil, Oil on a wing
(Source: Sumana Guharay, Business Standard)

Expert’s entry hightens gas row
(Source: Asian Age)

COMPANY ANNOUNCEMENTS

CIL GAIL a decade of partnership
(Source: Cairn India)

Reliance Industries - Hon'ble High Court , Gujarat approve Scheme of Amalgamation
(Source: RIL)

Gail India - Press Release
(Source: IOC)

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