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More oil, natural gas discovered in W Uganda

KAMPALA -- Tullow Oil, a company exploring for oil in western Uganda, announced on Wednesday that it had struck oil and natural gas deposits at Kasamene-1 exploration well, located in Butiaba region in the Lake Albert Rift Basin. The London-based company said in a statement on ...

Oil pipeline fire in Turkey blazing after sabotage

ISTANBUL - A fire continued to burn on Thursday on the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, said a source at Turkey's Energy Ministry, as Kurdish separatists claimed responsibility for the blast which caused it. The closure of the pipeline after an explosion in eastern Turkey ...

Strongest and lightest spikes use liquid crystal polymer-spun multifilament fibre

Claimed as the lightest and the strongest spikes ever, the newly built Zoom Victory Spikes to be used by the American track and field athletes at the Beijing Olympics employed Vectran fiber manufactured by Kuraray America. Kuraray's Vectran fibre is a high-performance multifilame...

Chemtrade sells excess vacant land at Leeds, South Carolina location

Chemtrade Logistics Income Fund announced that it has sold excess vacant land at its site in Leeds, South Carolina for approximately US $2.9 million. Chemtrade President and Chief Executive Officer, Mark Davis, said, "Our Leeds plant will now occupy approximately 400 acres, which ...

Expanding applications of Bioabsorbable Polymers in Medical Sector

Armed with a rich and distinguished history in the field of polymer science, Zeus expands into extruding and customization of bioabsorbable polymers for use in demanding medical applications. With a 40-year history in the design and manufacture of fluoropolymer tubing, Zeus is ...

New ISO standard for safe, long-lasting building, engineering and industrial structures

ISO has published a new standard to help engineers, builders and regulators to design structures that are safe and resistant to failure due to environmental and mechanical stresses, and to material degradation. Buildings, civil engineering works, industrial structures, etc. and ...

Iraq spends little oil cash on rebuilding: U.S

WASHINGTON - Iraq has spent little of its growing oil revenues on rebuilding its war-ravaged infrastructure, while the United States has paid billions of dollars for reconstruction, a new U.S. report said on Tuesday. Since the U.S.-led invasion in 2003, American taxpayers have ...

Asia TDI outlook firm post-Olympics

SINGAPORE--Toluene diisocyanates (TDI) prices in Asia are expected to stage a strong rebound at the end of September when the regional polyurethane (PU) foam application sector enters the peak production season, Asian TDI end-users, traders and producers said on Thursday. "TDI ...

Kemira sets over EUR 20 million savings target in Finland

Kemira has launched a group-wide global savings program to improve the profitability. Kemira aims to save more than EUR 50 million per annum, of which more than EUR 20 million is planned to come from Kemira's Finnish operations. Cost-reduction measures will include improvements ...

Iran says OPEC to consider oil rationing

TEHRAN -- Iranian Oil Minister Gholam Hussein Nozari has revealed that the Organization of Petroleum Exporting Countries (OPEC) will seriously consider rationing its oil production, the semi-official FARS news agency reported. "I think OPEC will be serious about this issue" in ...

Oil steady after gain from U.S. gasoline stock fall

WASHINGTON - The U.S. Interior Department said on Wednesday it would continue selling to small refiners crude oil turned over to the government as royalties and start developing a new 5-year leasing plan for offshore drilling. The royalty-in-kind would be sold to small refining ...

Indonesia mulls cooperate with Kuwaiti investors to build oil refinery

JAKARTA -- Indonesian state oil-and-gas company Pertamina Inc. has considered to join hand with Kuwaiti investors to build an oil refinery to boost the domestic oil supply, President Director of the company Ari H Soemarno said here Thursday. Indonesia has long looked for new ...

Oil steady after sharp losses on slowing US demand

SINGAPORE - Oil held steady on Thursday, after a second consecutive session of steep losses the day before, as a surprise build in U.S. crude oil inventories, amid flailing demand, weighed down the market. U.S. crude futures eased 7 cents to $134.53 a barrel at 0627 GMT, after ...

Senate oil speculator bill drops higher margins

WASHINGTON - In a big win for the U.S. futures industry, new Senate legislation unveiled on Wednesday would not impose higher margins on oil traders but would still aim to rein in excessive speculation in energy markets. Futures markets participants had feared that earlier ...

Oil falls on surprise stock build, soft demand

NEW YORK - Crude oil prices dropped sharply for a second day on Wednesday after a U.S. government report showed a surprise increase in inventories and continued weak demand in the world's top consumer nation. The decline in prices, which marked the biggest two-day loss in ...

Oil prices that dropped by ten dollars in two days, rebound

Oil prices recovered after a ten dollar drop in two days. Prices dropped sharply on a bigger than expected rise in US crude reserves before rising marginally to US$134.83 a barrel. Prices closed on Wednesday at US$134.60, dropping by over four dollars since Tuesday. As per the ...

Dow and PIC of Kuwait Continue Progress on Proposed $11B Joint Venture

The Dow Chemical Company and Petrochemical Industries Company (PIC) of the State of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), continue to make progress on their $11 billion proposed 50:50 joint venture. The two companies named James R. Fitterling ...

Q2 net profit of LG Chem rises by 60% on upbeat petrochem sales

South Korea's largest chemicals maker - LG Chem, has recorded a 60% increase in net profits fro the quarter. Net profit for Q2 was at 375.3 bln won (US$372.2 mln). This dramatic rise can be attributed to bullish petrochemical sales that have offset record high feedstock cots. ...

China acetic acid outlook bearish in Aug

SINGAPORE--Acetic acid prices are poised for further declines during the Beijing Olympics in China next month on sluggish demand and ample supply, local producers and buyers said on Thursday. Demand from the downstream solvent acetate, purified terephthalic acid (PTA) and ...

BASF invests in a new plant for the production of oxidized waxes at its Ludwigshafen site

In the fourth quarter of 2008, BASF will begin construction of a second oxidizing plant for the production of synthetic waxes at its Ludwigshafen, Germany, site. From 2010 the plant will produce several thousand metric tons of oxidized waxes using a process developed by BASF. ...

Latest World News

china

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 ...

world

market

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 ...

finance

company

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 ...

trade

sports

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 ...
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