industry

LAGOS -- Concerns over global recession leading to falling oil prices has forced Nigeria's federal government to adjust the crude oil price benchmark for the 2009 budget to 45 U.S. dollars per barrel, down from the 62.5 U.S. dollars per barrel earlier proposed by the parliament. ...
TEHRAN - Sliding crude prices and rising costs are delaying oil and gas plans in the Gulf region, an Iranian executive said on Sunday, a day before three offshore gas development projects are to be officially inaugurated. Iranian officials have said engineering, consulting and ...
Eggert Voscherau has been named the new Chairman of the Supervisory Board of SCHOTT AG, Mainz. The Supervisory Board unanimously selected the former BASF manager to succeed his predecessor, Tilman Todenh fer, effective immediately. Voscherau will also take over as Chairman of the ...
VERKHNECHONSKOYE OILFIELD, Russia - It's very cold, very old and rather salty. And that's just the oil. Russian oil major TNK-BP has just brought on stream a pioneering big new oilfield in eastern Siberia, part of a wave of development overcoming huge technical challenges to open ...
17 Oct 2008 - As sustainable development is an essential element of Solvay s long-term growth strategy, the international chemical and pharmaceutical Group has set 25 ambitious goals to take up the social, economical and environmental challenges of today and tomorrow. These goals ...
p> SINGAPORE--Asian petrochemical players are bracing themselves for even more drastic price falls as naphtha marked a fourth consecutive week of declines, producers and traders said on Friday. The market is extremely weak. Swaps side, we have seen a slowdown of at least 20%, ...
SINGAPORE - Oil rose more than $3 on Friday, rebounding from a 15-month low below $70 on a late rally on Wall Street and growing expectations of an OPEC production cut. U.S. equities, the oil market's leading barometer of global economic health, staged a late surge on Thursday as ...
RIO DE JANEIRO -- Brazil's state-run oil and gas giant Petrobras is estimated to invest 163 billion U.S. dollars in the next five years, according to a report released by Credit Suisse on Thursday. The 16-page report said the company is expected to invest 50.6 billion more ...
LONDON - Iraq will next week provide foreign oil and gas companies with details of the contracts under which it hopes the companies will help boost the country's oil output by 1.5 million barrels per day. A delegation led by Iraq's oil minister Hussain al-Shahristani will present ...
The Dutch companies Micronit Microfluidics, FutureChemistry and Flowid announced the start of a cooperation named Access2Flow. Together, the three companies will offer a new generation of microreactor systems that enable chemists to quickly and safely perform fluid reactions on ...
TALAKANSKOYE OILFIELD, Russia - BP's (BP.L: Quote, Profile, Research, Stock Buzz) Russian venture, TNK-BP, on Wednesday started commercial oil production from the Verkhnechonsk field in Eastern Siberia, opening up a new frontier for Russian hydrocarbon production. TNK-BP chief ...
TOKYO - Nippon Oil Corp (5001.T: Quote, Profile, Research, Stock Buzz), Japan's biggest oil refiner, said on Monday it has cut its crude oil refining volume for September by 240,000 kilolitres from its original plan to 3.22 million kl (675,000 barrels per day) due to slow ...
BANFF, Alberta - The way Daniel Yergin sees it, the high-stakes debate over energy security in the U.S. presidential campaign has ignored one of the most critical parts of the United States' oil supply equation: Canada. The United States' neighbor to the north has quietly become ...
SINGAPORE--The Asian petrochemicals industry s traditional year-end peak season demand orders could be delayed or even reduced due to last week s financial turmoil which rocked Wall Street and bourses worldwide, producers and traders said on Monday. There won t be much festive ...
PERTH - Oil extended last week's massive gains and rose above $105 a barrel on Monday, on hopes that the U.S. government's $700 billion rescue plan would restore stability in the financial system and support global energy demand. Sweeping government measures to rescue the ...
p> BEIJING -- Depressed by the global economic recession and Wall Street turmoil, the price of crude oil plummeted heavily this week. Market analysts said the drop would bolster China's economic development. PRICE PLUNGE AMID ECONOMIC TURMOIL The turmoil on Wall Street in the ...
In the ongoing search for new ways to reduce vehicle weight, automotive OEMs and tiers have been looking for a better alternative to steel, aluminum and thermosets for large, aerodynamic, horizontal body panels. SABIC Innovative Plastics and Azdel, Inc. have launched their new ...
A Polypropylene film additive by Eastman has taken 15 years to gain EU approval. Eastman Chemical B.V.'s Plastolyn R1140 hydrogenated hydrocarbon resin complies with a listing for petroleum hydrocarbon resin (hydrogenated) in the Fifth Amendment to the Plastics Directive 2002/72...
SINGAPORE - Energy trading heavyweight Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) withdrew from a half-hour oil trading window in Asia on Thursday after price benchmarking agency Platts placed it under review because of counter-party concerns about its credit ...
PERTH - Oil rose for a third day on Friday, towards $99 a barrel, on growing U.S. and Nigerian supply concerns even as the dollar jumped on an emerging U.S. government plan for a comprehensive solution to the financial crisis. Central banks around the world have pumped billions ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...