industry

Fluor Corporation on Wednesday announced that it is expanding its presence in southeast Asia with a new and expanded operations office in Singapore. The new location will offer a range of services to Fluor's clients in the energy, chemicals, industrial, infrastructure, operations ...
TEHRAN -- Iran's Oil Minister Gholam-Hossein Nozari said on Tuesday that Iran has found a new oil field with in-place reserves of about 500 million barrels in southwestern Iran, said a statement posted on a website affiliated with the Oil Ministry. When attending the inauguration ...
In June 2008, Braskem UTEC business registered its highest sales figures for a single month. The new record represents an important milestone for Braskem since it was obtained through an important growth in sales in Europe. "Braskem has a consistent customer base in the US and ...
TEHRAN -- Iran's Oil Minister Gholam Hossein Nozari said on Tuesday that it is unnecessary for the Organization of Petroleum Exporting Countries (OPEC) to change the current output, the English-language satellite channel Press TV reported. "The market is well supplied," Nozari ...
SINGAPORE--Benzene availability in Asia is expected to remain high due to an influx of US imports, poor derivatives demand from styrene and weak export potential, which could see prices softening, market sources said on Wednesday. Between 10,000-20,000 tonnes of benzene from the ...
Praxair, Inc. has been appointed to the Advisory Committee of the Climate Disclosure Standards Board (CDSB). Convened by the World Economic Forum in January 2007, the board's mission is to advance consistency of disclosure related to climate change in annual reports. The board ...
In China's domestic market about 20% of its Pure Terephthalic Acid (PTA) consumption goes toward manufacture of bottle-grade PET, mainly used in packing beverages, especially sodas. 5% of its total PTA is consumed to make film-grade polyester, with the associated products used as ...
A recent study states that plastic and elastomeric roofing materials are projected to post the fastest gains through 2012. While plastic roofing (thermoplastic polyolefin, PVC, spray polyurethane foam) will see its greatest gains the US market, elastomeric roofing (ethylene ...
Effective August 1, LyondellBasell Industries will increase prices in Europe on all of its Adflex, Adsyl, Softell and reactor-grade Hifax resins by up to EUR200 per tonne. "Escalating feedstock, energy and transportation costs continue to erode our margins which necessitate this ...
Ineos Vinyls Italia, a subsidiary of Ineos has quizzed an accord to modernise Italy's petrochemicals sector worked out by Ineos in December 200. Inability to settle a long standing problem over supply of chlorine to Porto Marghera site, just outside Venice, could force Ineos to ...
RIO DE JANEIRO - Brazil's main oil workers' federation will begin a 48-hour nationwide strike on Thursday without interrupting production, union leaders said after a vote on Tuesday. The strike seeks more profit sharing and is in solidarity with a separate 5-day work stoppage ...
NEW YORK - MacroMarkets LLC on Tuesday launched its latest investment products that allow investors to bet on the price of oil without influencing the market. The MacroShares $100 Oil Up UOY.A and MacroShares $100 Oil Down DOY.A made their debut on the American Stock Exchange. ...
MADRID - OPEC could not replace lost Iranian output should Tehran carry out its threat to stop oil exports if attacked, OPEC President Chakib Khelil said on Tuesday. "It's obvious that if you curtail 4 million barrels per day (bpd) from the market, you are going to have a big ...
TEHRAN - Iran's oil minister said the market was over-supplied with crude and OPEC could not do anything to reduce prices, the website of the country's Oil Ministry reported on Tuesday. "There is enough oil in the market. The market is over-supplied .... the price rise is not ...
LONDON - It is easy to blame speculation for the doubling of oil prices over the past 12 months, but the real reasons are strong demand growth, coupled with shortages of supply and refining capacity, the IEA said on Tuesday. In its Medium-Term Oil Market Report, the International ...
NEW YORK - Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel. U.S. crude settled 21 cents lower at $140.00 a barrel, after hitting an all-time high of $143.67 earlier. London Brent ...
WILLEMSTAD - An oil refinery dating from World War I billows toxins over the Caribbean island of Curacao and sickens some residents, but under the pressure of local economic need Curacao allows it to continue operating. The Isla refinery, operated by Venezuelan state oil company ...
BAGHDAD -- Iraqi oil ministry Monday announced a list of six oil fields for bidding from foreign oil companies to boost oil production in the war-torn country. Oil Minister Hussein al-Shahristani told a press conference in Baghdad that the fields are Rumaila, Kirkuk, Zubair, West ...
BUENOS AIRES--European tyre producer Continental plans to open a subsidiary in Argentina in the second half of 2008, possibly shifting supply/demand fundamentals for styrene butadiene rubber (SBR) in South America, a source familiar with the situation said on Monday. The company ...
VIENNA -- The weekly average oil prices of the Organization of the Petroleum Exporting Countries (OPEC) set anew record of 131.60 U.S. dollars per barrel (dpb) last week, the Vienna-based cartel said on Monday. Oil prices have remained above 129 dollars for three consecutive ...
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 ...