industry

Pioneer Natural Resources reached agreement with ConocoPhillips to process crude oil from Pioneer's new Oooguruk field in processing facilities in the Kuparuk field, which ConocoPhillips operates, the independent producer said Monday. BP and ExxonMobil, also major Kuparuk owners ...
April crude futures on NYMEX opened 1 cent lower at $98.80/barrel Monday and then drifted up 20-30 cents, as geopolitical headlines in the Middle East continued to support the complex at near-record highs, while heating oil and gasoil gave support as well, with the gasoil front...
Regency Energy Holdings has agreed to acquire Nexus Gas Holdings for $85 million, Dallas-based midstream partnership Regency said Monday. The planned acquisition would expand Regency's reach in Louisiana and East Texas, it said. Nexus is a midstream provider of natural gas ...
CME Group is looking to sweeten its proposed cash and stock offer to acquire the New York Mercantile Exchange because recent declines in the share prices of both have shaved more than $1 billion off the original value of the deal, the Financial Times reported Monday. The FT, ...
Canada's minority Conservative government has been told on the eve of its third budget that phasing in fees for each tonne of greenhouse gas emissions could generate at least $50 billion/year by 2020 and possibly twice that much. The new revenue could free the government to cut ...
Xinjiang oilfield, the largest oilfield in China's western region, would up production by 150,000 tonnes this year to 12.32 million tonnes, China National Petroleum Corporation (CNPC) announced on Monday. The oilfield was set to turn out 3.5 billion cubic meters of natural gas ...
Iran will back a cut in production by Opec when it meets in March and expects the group to take such action, the country\'s oil minister said in remarks published on Saturday. Oil prices surged to a record high above $100 a barrel this week. Iranian officials have said factors ...
NEW YORK, Feb. 25-- Crude futures prices rose above 99U.S. dollars a barrel on Monday amid concerns on the Middle East and strong oil product prices. Turkish troops engaged Kurdish rebels in close combat on Sunday in a major ground offensive into northern Iraq. Support for the ...
MOSCOW, February 22 -- Libya's National Oil Corporation (NOC) signed on Friday an exploration and production sharing agreement on an oil and gas field with Russian energy giant Gasprom, the Libyan company said. The deposit is located in the Ghadames Basin, near the North African ...
Russia expects Hungary to sign an agreement to join the South Stream natural gas pipeline to carry Russian gas to Europe Thursday, according to a statement posted on the Russian government web site Tuesday. "Hungary's prime minister Ferenc Gyurcsany has accepted the proposal to ...
Indonesia's Trans Pacific Petrochemical Indotama (TPPI) has declared force majeure on its products due to a problem with port facilities, rendering them unsafe for navigation. Duration of the force majeure, declared on Monday evening, is undisclosed. Trading sources said ...
Oil and Natural Gas Corporation (ONGC) has reduced the projected cost of proposed mega-petrochemical plant at Dahej, Gujarat, by Rs 1100 crore. The project was initially configured with a styrene butadiene rubber (SBR) and a dedicated HDPE (high-density polyethylene) unit that ...
Huntsman Corporation plans to increase global methylene diphenyl diisocyanate (MDI) capacity through investment in a new, world scale MDI plant at its site in Rozenburg, the Netherlands. Huntsman has commenced design and feasibility studies, including preliminary engineering for ...
KUALA LUMPUR, Feb. 26 (Xinhua) -- The ground breaking work of Malaysia's first magnesium smelting plant started in Malaysia's northwestern state of Perak on Tuesday, which is expected to produce 900,000 tons of magnesium each year by 2010. The 180 million-ringgit (54.5 million-U...
SINGAPORE, Feb. 26 (Xinhua) -- Lanxess AG, the German chemical manufacturer spun off from Bayer AG, said on Tuesday that it will invest 400 million euro to build a rubber plant in Singapore. The new chemical facility for synthetic rubber, located at the chemical park on Jurong ...
BEIJING, Feb. 26 (Xinhua) -- As the spring plough begins, China is vowing to keep fertilizer prices stable to ensure smooth production this year. Spring ploughing, starting in late February and ending in late April, features vegetables planting in the country's east and wheat ...
VIENNA, Feb. 25 (Xinhua) -- The weekly average oil price of the Organization of Petroleum Exporting Countries (OPEC) hit a new record high of 92.97 U.S. dollars per barrel last week, 0.47 dollars higher than the last record, the Vienna-based cartel said on Monday. The OPEC daily ...
Dow Chemical is touting the value of plasma-coated polypropylene containers as a PET replacement in smaller bottles. In testing, plasma-coated PP bottles can be down-gauged to create 10% cost savings compared with PET, said Jason Brodil, plastics development specialist for ...
Strong, tough but light is the desired combination of properties for numerous applications but one that is rarely found in artificial materials. Now researchers at ETH Zurich have developed a new nacre-like composite that is twice the strength of naturally-occuring nacre. ...
Houston -- 22Feb2008 Natural gas-heavy independent Chesapeake Energy believes the next two years could be the "golden years of value creation" for it and other "well-positioned" exploration and production companies, as the range of gas prices rises 25%-33% to $8-$10/Mcf, the ...
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 ...