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Asia: Thailand eyes 50% cut in LPG imports with sixth gas separation plant

p>Thailand's LPG imports will be reduced by around 50% -- currently estimated at about 120,000 mt/month -- as the state owned oil and gas company PTT's sixth gas separation plant reaches peak capacity, a senior company official said Tuesday. "I reckon it should be about 50% ... ...

iPhone 4 still in High Demand in China

It has been a month since U.S.-based Apple Company launched its iPhone 4 series in the Chinese mainland market, yet demand shows no sign of abating. The smart phone's popularity has even given rise to scalpers (grey marketers) looking to make a quick profit. The scalpers lurk ...

Intel's Chip Plant Begins Production in China

U.S. computer chip giant Intel Corporation's first chip plant in Asia began production in northeast China's Liaoning Province Tuesday morning. The start of operations was announced by Kirby Jefferson, general manager of the plant. The commencement ceremony was also attended by ...

COSCO Unveils Representative Office in Taiwan

China Ocean Shipping (Group) Company (COSCO), a shipping giant from the Chinese mainland, announced Sunday the establishment of its representative office in Taiwan, aiming to better coordinate with its counterparts in the island and jointly explore the international market. This ...

China Becomes Volvo's Third Largest Market

China has become Volvo's third largest market, with more of its car models to go on sale in the world's largest auto market this year, Chief Executive Office (CEO) of Volvo Cars China said in Tianjin. Dr. Alexander Klose, CEO of Volvo Cars China, told Xinhua at the Ninth Tianjin ...

Foxconn Opens New 2-Bln-USD Plant in SW. China

Foxconn, the world's largest electronics contractor, opened a new 2-billion-U.S.-dollar plant in southwest China's Chengdu, provincial capital of Sichuan, Friday to manufacture laptop computers. Hongfujin Precision Electronics (Chengdu) Co. Ltd., the factory's owner and a ...

Fonterra Goes ahead with Second Dairy Farm in China

New Zealand's dairy industry giant Fonterra has signed an agreement on a new 42 million NZ dollars (32 million U.S. dollars) farm in northern China, its second such venture in the country. The indoor farm in Hebei Province will milk about 3000 cows which will be imported from New ...

China's Central SOEs Report 55 pct Increase in Net Profits

China's centrally-administered state-owned enterprises (SOEs) reported a 55-percent rise year on year in combined net profits in the first nine months, the SOE authority announced Thursday. Net profits of central SOEs totalled 641.65 billion yuan (96.6 billion U.S. dollars) from ...

Sinopec, CNOOC eyeing on Brazilian oil firm for stakes

China s two major crude oil and natural gas producers Sinopec Group and CNOOC are eyeing on Brazilian oil and gas firm OGX SA for stakes. OGX SA is considering sales of stakes in some of its oil blocks after making a string of hydrocarbon finds in recent months, according to ...

California-Based Company Sues Google over Street View

California-based Vederi company filed a lawsuit against Google on Tuesday, alleging the Internet search giant's Street View system violates its patent. "We are confident that Vederi has strong patent rights that are directly infringed by Street View," said Vederi attorney David ...

Greece-Italy nat gas line to source from Azerbaijan

A 323-mile natural gas pipeline from Greece to Italy will get most of its supplies from a gas field in Azerbaijan, a project consortium announced. Swiss energy company EGL, Norwegian oil and gas company Statoil and Germany's E.ON Ruhrgas lead the project consortium for the Trans ...

Iraq upgrades oil pipeline to boost exports

Iraq plans to upgrade its oil pipeline network to boost exports through neighboring Turkey and Syria as Baghdad struggles to develop its vast but under-exploited energy resources, the key to its reconstruction. The country faces serious obstacles -- sectarian violence, political ...

China: PetroChina Succeeded in Digesting Surplus Homemade AA by Exporting

p>PetroChina East China Marketing Company succeeded in exporting its superfluous adipic acid to global market such as East Asia, Australia and Taiwan area. By Sept 10th, the total amount of the exported materials reached 1685 tons. The whole domestic adipic acid market kept dull ...

US energy tax changes to cost $341 bn

US economy stands to lose $341 bn in economic output and $68 bn in lost wages nation wide if Obama's proposed energy tax changes are implemented, according to Dr Joseph R Mason, renowned economist and Louisiana State University Endowed Chair of Banking. The proposed changes would ...

Europe: Italy's Saipem wins $500 million worth of onshore contracts

p>Italian oilfield engineering group Saipem has been awarded new onshore contracts with a total value of some $500 million, the company said Monday. In Algeria, state-owned oil company Sonatrach awarded Saipem a contract for an oil-gas separation plant and a gathering system and ...

Americas: Pennsylvania's fracking rules need beefing up: review group

p>Pennsylvania's hydraulic fracturing regulatory program needs to be beefed up, the State Review of Oil and Natural Gas Environmental Regulations (STRONGER) said Thursday. STRONGER is a non-profit organization that uses industry personnel to review state oil and gas environmental ...

Asia: Iran negotiating $5 bil gas development deal with 3 Indian firms

p>Iran is in talks with three Indian companies to close a $5 billion deal to develop an offshore gas field, the semi-official Mehr news agency reported Saturday. "The last technical and operational issues have been finalized... for the development of the Farzad B gas field... ...

Americas: First contract awarded to Technip for US Gulf spill system

p>The first contract for undersea oil spill containment equipment was awarded Thursday by the consortium formed by four oil and gas majors to develop spill response systems in the Gulf of Mexico. ExxonMobil awarded the contract on behalf of the Marine Well Containment Co. to ...

Americas: US releases post-Macondo drilling rules; to boost costs $183 mil/year

p>New offshore drilling rules were released Friday, with US regulators requiring negative pressure tests on wells for the first time and imposing new requirements for cementing and well control procedures. The publication of the rules in the Federal Register, which will occur ...

Asia: China's CNOOC buys 33% stake in Chesapeake's Eagle Ford Shale

p>Chesapeake Energy has agreed Monday to sell a one-third stake in its Eagle Ford Shale project in southern Texas to China National Offshore Oil Corp. for just over $2 billion, a deal which one analyst said was a win-win strategy for both companies. "The market is reacting very ...
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