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McVicar announces closing of Luyuan acquisition

24 Apr 2008 - McVicar Resources Inc. announced that its recently announced acquisition of an 80% interest in Luyuan Chemical Co. Ltd. in Xiangshui city by McVicar's subsidiary, Zhejiang Hongbo Chemical Co. Ltd., has been approved by the Chinese government. Hongbo agrees to pay a ...

Oil prices dip as the dollar becomes stronger and US crude stockpiles rise

Oil prices have witnessed a more than two dollar fall as the dollar gets stronger and US crude stockpiles rise. New York's main oil futures contract, light sweet crude for delivery in June settled at US$116 a barrel. In London, Brent North Sea crude for June delivery settled at ...

Technological breakthrough in the fight to cut greenhouse gases

28 Apr 2008 - Scientists at Newcastle University have pioneered breakthrough technology in the fight to cut greenhouse gases. The Newcastle University team, led by Michael North, Professor of Organic Chemistry, has developed a highly energy-efficient method of converting waste ...

Princeton scientists discover exotic quantum state of matter

28 Apr 2008 - A team of scientists from Princeton University has found that one of the most intriguing phenomena in condensed-matter physics - known as the quantum Hall effect - can occur in nature in a way that no one has ever before seen. The scientists report that they have ...

Grangemouth workers hold strike rally

LONDON --Workers at INEOS' 200,000bbl/day refinery in Grangemouth, Scotland, held a rally on Sunday to mark the beginning of a two-day strike over pensions. INEOS has shut down the refinery along with two crackers, and has declared force majeure on polyethylene, polypropylene and ...

Strike closes major British oil pipeline

LONDON - A pipeline carrying nearly half of Britain's oil was closed on Sunday as a strike over pensions began at the neighbouring Grangemouth refinery in Scotland, operator BP (BP.L: Quote, Profile, Research) said. The refinery, owned by international chemical company Ineos, ...

Dow Corning Opens Silicone Rubber Plant to Support Asia Growth

25 Apr 2008 - Dow Corning has announced the opening of a multi-million dollar investment in a new silicone rubber plant to support growing demand from customers in Asia. Located at Zhangjiagang, in Jiangsu Province, the new plant is the largest investment Dow Corning has made ...

BP shutting down major British oil pipeline ahead of strike

LONDON -- Energy giant British Petroleum (BP) was shutting down a pipeline carrying nearly half of Britain's oil late Saturday ahead of a 48-hour strike over pension issues. The Forties Pipeline System was due to completely shut down by 6:00 a.m. (0500 GMT) Sunday, BP said. The ...

Ineos prepares to shut down Grangemouth refinery and petrochemical plant

Petrochemical company Ineos is preparing to shut down the Grangemouth refinery and petrochemical plant, into which the Forties system feeds, by Friday if the union presses ahead with the 48-hour stoppage from April 27. The Grangemouth refinery processes around 20% of the crude ...

Oil duo's profits plunge

PetroChina, the nation's largest oil producer, said its first-quarter profit fell 31.5 percent as refining losses and windfall taxes cut its earnings from record crude prices. Net income dropped to 28.9 billion yuan (4.12 billion U.S. dollars) from 42.1 billion yuan a year ...

New OPP film that replaces aluminum foil and sealant

Metallyte UBW-ES, a new OPP film for flexible packaging has been introduced by ExxonMobil Chemical. The metallized white film has ultra high barrier and enhanced seal technologies, and offers economic and performance benefits compared with thin aluminum foil and sealant ...

Shutdown of Ineos oil refinery at Grangemouth complete

Ineos' oil refinery located at Grangemouth over 1700 acres has been closed in preparation for a two-day strike by staff over pension changes. Oil giant BP will have to close the Forties oil pipeline that links North Sea oil production with Grangemouth, delivering over 30% of the ...

Asian oil cos must detail anti-bribery efforts-NGO

LONDON, April 28 - State-backed Asian oil companies, scrambling to secure energy supplies overseas, should publish evidence of anti-corruption efforts to help ensure oil wealth is not wasted, Transparency International (TI) said on Monday. The anti-corruption watchdog criticised ...

Amerchol Authorizes New Channel Partners within United States

29 Apr 2008 - In a move aligned with its evolving marketing strategy, Amerchol Corporation, a subsidiary of The Dow Chemical Company announced that it has authorized Univar USA to distribute its products throughout the United States. This agreement will be effective as of May 1, ...

Oil hits peak near $120 on Nigeria, Britain woes

NEW YORK (Reuters) - Oil hit a fresh peak near $120 a barrel on Monday as supply outages in Nigeria and Britain shut down nearly 2 million barrels per day (bpd) of output in the Atlantic Basin. U.S. crude settled up 23 cents at $118.75 a barrel after earlier hitting a record of ...

White House: No short-term fix to high fuel prices

WASHINGTON - The White House said on Monday there was no short-term fix to record-high gasoline prices and the United States should try to increase domestic production and seek alternative fuel sources. The average U.S. retail price for gasoline jumped 9.5 cents over the past ...

Crude closes slightly higher after hitting new record

NEW YORK -- Crude-oil futures closed slightly higher Monday after hitting a new record near 120 dollars a barrel as a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to its refineries. Rebel attacks in Nigeria and tension in ...

Iraq may have 350 bln barrels of oil

BAGHDAD - Iraq may have oil reserves of 350 billion barrels, Deputy Prime Minister Barham Salih said on Monday, a massive figure that is triple the country's proven reserves and which even exceeds the oil in Saudi Arabia. Salih said he had seen estimates from "reputable sources, ...

US should adopt REACH, Senate leader says

WASHINGTON --The US should make chemical producers responsible for proving their products are safe before entering the market, much like the European REACH system, the Senate environmental leader said on Tuesday. Senator Barbara Boxer (Democrat-California), chair of the Senate ...

Shell shuts more Nigerian oil after rebel attack

LAGOS - Royal Dutch Shell shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have stepped up a campaign of violence. The bombing of the Shell facilities in Nigeria's southern ...

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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