The South Pacific nation began exports this year from Exxon Mobil Corp's $19 billion PNG LNG project, the largest private investment in the nation's history. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The South Pacific nation began exports from Exxon Mobil Corp's $19 billion PNG LNG project this year. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The differential was assessed $1.10 higher at a premium of $1.50 a tonne above Singapore spot quotes, highest since Oct. 3, according to Reuters data. Low offers placed by Shell resulted in three 180- cst deals during the physical trading window, which were done at parity to a premium of 50 cents a tonne above Singapore spot quotes.
SINGAPORE, Oct 12- India's Reliance Industries. Itochu paid close to $50 a tonne premium to Middle East quotes on a free-on-board basis for the 25,000- tonne heavy naphtha cargo for Oct. 21-25 loading.
SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $31 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.
SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $40 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.
S Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke will visit Mumbai. *Prime Minister Manmohan Singh to speak at International Energy ministers meeting in New Delhi. *World Steel Association's 2- day annual conference in New Delhi.
NEW DELHI, Oct 8- Indian state-fuel retailers will marginally cut gasoline prices from Tuesday, reflecting a strengthening rupee, the country's largest fuel retailer Indian Oil Corp said on Monday. The new retail prices of gasoline in Delhi will be 67.90 rupees a litre, about 0.8 percent lower than current 68.46 rupees a litre.
SINGAPORE, Oct 5- Asia's fuel oil market plunged further on Monday, with the prompt inter-month spread sinking to its lowest in nearly two years amid abundant supply of the 180- centistoke fuel oil. Sri Lankan refiner Ceylon Petroleum Corp has emerged in the spot market to seek 20,000 tonnes of high sulphur fuel oil and 20,000 tonnes of low sulphur fuel oil.
*Canada expects Indian companies will make oil sands deals. *Chinese bid for oil producer Nexen makes waves in Canada. To some political consternation in Canada, China is rapidly buying up assets in the tar sands of northern Alberta, one of the world's biggest crude oil deposits.
October 04- Following are terms and conditions. of a bond priced on Thursday.
The 180- cst differential dipped $1.10 to a premium of 60 cents a tonne above Singapore spot quotes, lowest since April 18, according to Reuters data. More supply is seen coming out of India, with Indian Oil Corp. South Korean utility Korea District Heating Corp has issued a tender to seek 31,000 tonnes of LSFO or low sulphur waxy residue for delivery until Dec. 30.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.
NEW DELHI, Oct 4- Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's. Oil India will acquire 20 percent and Indian Oil Corp will get 10 percent in Carrizo's Niobrara basin acreage assets through their respective subsidiaries.
October 04 Fitch Ratings has assigned India-based Indian Oil Corporation Limited's proposed notes an expected rating of' BBB-'. The notes are rated at the same level as IOC as they will constitute direct, unconditional, unsubordinated and unsecured obligations of the company.
MUMBAI, Oct 1- State-owned refiner Indian Oil Corp plans to meet investors in Singapore on Wednesday for a possible benchmark Singapore dollar bond sale, a source with direct knowledge of the deal said. The firm has picked Standard Chartered and DBS for the offshore bond sale, said the source.
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