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Trinidad and Tobago sign MOU with Basell for integrated polypropylene complex

Basell has signed a MOU with the National Gas Company of Trinidad and Tobago, Ltd. (NGC), and the National Energy Corporation of Trinidad and Tobago, Ltd. (NEC), confirming its intention to construct and operate a fully integrated polypropylene complex. The MOU included the ...

Plastics products price rise "inevitable"

4 January 2008 - Uncertain economic conditions and rising oil prices despite plentiful supplies will see prices of plastics products increase, according to the British Plastics Federation (BPF). The UK plastics trade association argued that despite there being "no shortage of oil...

China shifts railway capacity to coal transport

BEIJING, Jan. 28 (Xinhua) -- China's Railway Ministry issued an urgent announcement on Monday ordering all local railway bureaus to step up concentrated efforts in coal transport to ensure the operation of the nation's key electric power plants. It warned the shutting of some ...

Crude prices rise slightly on rates cut hope

NEW YORK, Jan. 28 (Xinhua) -- Crude futures rose slightly Monday as investors expected the Federal Reserve might cut rates this week. Crude prices traded below 90 U.S. dollars a barrel Monday morning after the Commerce Department reported sales of new homes in December fell by 4...

Argentina finds new oil field

BUENOS AIRES, Jan. 27 (Xinhua) -- A private company has discovered a new oil field in the southern Argentine province of Chubut that could more than double the region's production, Chubut Governor Mario das Neves told Sunday's edition of the Clarin newspaper. Pan American Energy ...

CNOOC says it sells 3.06% interest in Tangguh LNG to Canadian Talisman

BEIJING, Jan. 28 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC Ltd.) announced on Monday that it had reached agreement with Canada-based Talisman Energy Inc. to sell a 3.06 percent working interest in the Tangguh liquefied natural gas (LNG) project for 212.5 ...

Shell declares force majeure on Moerdijk ethylene terminal Tues

Shell declared a force majeure on ethylene terminal capacity at its Moerdijk, Netherlands site Tuesday, a company source confirmed Friday. The company did not specify the reason for the force majeure. Market sources stated that the declaration came as the result of another force ...

Prolonged oil contract talks could be costly to Ecuador: minister

Dragging out ongoing negotiations on new contracts with foreign oil companies would represent a high "opportunity cost" to Ecuador, Oil Minister Galo Chiriboga said Friday. "I hope that in the least amount of time possible we can resolve these negotiations," Chiriboga said at a ...

Oil prices rise in Asia after a two dollar dip in the previous session

Oil prices witnessed a rise in Asian trading, after dipping by more than two dollars in the previous session. This two dollar dip was caused on growing concerns of growing crude inventories in USA, despite a cooling of the economy and fuel demand. Light, sweet crude for March ...

Dow awards US$6.4 mln for methane research grant to Cardiff and Northwestern University

The Dow Chemical Company has announced that Cardiff University and Northwestern University have been awarded research grants which together total over US$6.4 mln as part of the 2007 Dow Methane Challenge. The challenge was initiated by Dow in March 2007 to identify collaborators ...

Projections for China's petrochemical industry in 2008

China's petroleum and chemical industry is projected to will grow steadily and rapidly in 2008, as per CPCIA (China Petroleum and Chemical Industry Association). The main economic indexes will continue their double digit growth, a a marginally lower rate than witnessed in 2007. ...

US Dow free from next ethylene trough - CEO

HOUSTON (ICIS news)--Dow Chemical's chief executive said on Tuesday that the company is on track to eliminating the cyclical nature of its earnings, which should exceed $3 (Euro2)/share in next ethylene trough. In the past, Dow's earnings have been exposed to ethylene costs, an ...

BP inks deal to supply US$10 bln feedstock to Jurong Aromatics from 2011

Europe's second-biggest oil company - BP Plc has signed a US$10 bln contract to supply feedstock to Jurong Aromatics Corp. in Singapore. Jurong Aromatics' is a US$2 bln petrochemical plant located in Singapore, and is scheduled for completion in 2011. The supply agreement will ...

CNOOC's new projects to help raise output 18% in 2008

BEIJING, Jan. 29 (Xinhua) -- The China National Offshore Oil Company Limited (CNOOC Ltd.) said on Tuesday that its crude oil and natural gas output would grow up to 17.8 percent this year as 10 new projects started operations. CNOOC Ltd. expected net production to hit 195-199 ...

Engineering plastics market in South East Asia to be driven by growth in Thai market

Engineering Plastics in South East Asia is a report that provides a complete analysis of the key market drivers, restraints, market trends, and key industry challenges that affect the whole engineering plastics industry, as well as major participants analysis. In this research, ...

China Oilfield Services forecasts 95% net profit rise in 2007

BEIJING, Jan. 29 (Xinhua) -- China Oilfield Services Limited (COSL) said Tuesday its unauditted net profit was forecast to grow about 95 percent year-on-year last year. COSL, a listing arm of the country's largest offshore oil producer, China National Offshore Oil Corp. (CNOOC), ...

BASF to increase prices for Afranil Deaerators and Defoamers

Effective February 1, 2008, or as contracts allow, BASF SE, Ludwigshafen, will raise prices by up to 20% for Afranil deaerators and defoamers in Europe, the Middle East and Africa. The measures are the result of significant rises in key raw material costs. For BASF these price ...

Crude futures rise on expectation of rates cut

NEW YORK, Jan. 29 (Xinhua) -- Crude futures traded higher Tuesday on expectations that the Federal Reserve will cut interestrates and OPEC will hold production steady. Investors hope that stimulus efforts by the Fed, which is expected to cut rates on Wednesday, and Congress will ...

Shell puts US butadiene customers on 90% allocation for February

Shell Chemicals put its US butadiene customers on 90% allocation in February, said a person familiar with the company's operations Monday. The move was due to a number of issues that affected the company's CC4 availability and logistics, the source explained. A second producer ...

US plastic sheet market to reach 3.5 mln tons in 2011

Demand for plastic sheet in the US is projected to grow annually by almost 3%, reaching 3.5 mln tons in 2011 with a resin value of US$7.2 bln, as per a report by Freedonia. Resins will account for 39% of the final product costs of US$18.5 bln, while sheet prices are projected to ...

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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