industry

p>Anglo-Russian joint venture TNK-BP was considering investing in the expansion of the 6.5 million mt/year (130,000 b/d) Dung Quat refinery in Vietnam, state-owned PetroVietnam said Thursday. "TNK-BP is considering investment options for expanding the capacity of Dung Quat oil ...
p>US propylene inventories continued to shrink this week, falling roughly 9% to 2.566 million barrels for the week ending August 13, according to data posted by the Energy Information Administration (EIA). Inventories shed 255,000 barrels to close the week, following a drop of ...
p>The theoretical margins for blending bunker fuel oil worsened in East China over the past week, thanks to higher blendstock cost, C1 found. In East China, the margin for blending bunker fuel oil with imported and homemade blendstock in combination was negative Yuan 445/mt on ...
There is an open secret in the oil industry that dare not speak its name: peak oil. Well, two did speak its name and gained no acclaim for it. One, M. King Hubbert, died years ago. The other and the most controversial, Matthew Simmons, died at his Maine summer home Aug. 8. The ...
p>China imported 1.84-mil mt of fuel oil in July, down 22% from the previous month, down 31% compared to a year earlier, according to data released by the General Administration of Customs. Fuel oil demand from speculators were dampened by relatively high international crude ...
p>Sinopec brought its first LNG filling station on stream on Aug 11 in Southwest China s Guizhou, reported domestic media. The LNG filling station locates in Guiyang, the capital city of Guizhou province. It is able to supply 21,000 cu m of gas to 200 buses per day, with a ...
p>Kunlun Energy Co Ltd is to bid for 75% stake of PetroChina Dalian LNG Company with Yuan 2.21-bil or less, the former announced on Aug 24. This is the second LNG terminal that Kunlun Energy acquired if it succeeds. It had got 55% stake of Jiangsu LNG terminal this May. Dalian ...
p>Operation rates of independent refineries in Shandong Province averaged 44% Thursday, flat with one week ago, 6 percentage points higher than a year earlier, a survey found. Market sources ascribed the stable run rate to slight changes in refining margins and bounce of ...
Shanghai port reported an 18.8-percent year-on-year rise in container throughput in the first half amid strong economic recovery and booming trade. The country's largest port handled a record 13.86 million twenty-foot equivalent units (TEU) containers, the Shanghai border ...
p>Qilu Chemical Industry Park in Zibo City and Chemchina Zibo Chemical planned to construct 300kt/y polyether polyol, new polyurethane materials and new pesticide projects, with total investment reaching Rmb 6 billion. Meanwhile, Perstorp determined to add Rmb 1 billion more to ...
p>Swaziland in southern Africa is one of the world s poorest countries. Its inhabitants live widely dispersed in villages and have to grow their own food. Temperatures are high and food goes off quickly because electricity is not widely available and, consequently, communal ...
Life Technologies Corporation (Nasdaq: LIFE), a provider of innovative life science solutions and SG Biofuels, Inc., a bioenergy crop company, have announced they have completed sequencing the Jatropha curcas genome to 100x coverage, using the SOLiD 4.0 System by Life Technologie...
DHL Express, the express arm of Deutsche Post DHL, will continue to expand in China, but in a careful and cautious way, according to Charlie Dobbie, executive vice-president for network operations. Dobbie told China Daily that DHL Express will continue to build on its partnership ...
World oil prices advanced towards $73 in Asian trade Thursday mainly on a weak dollar after overcoming impacts over a massive increase in US crude reserves. Light sweet crude for October delivery was seen trading at $72.81 a barrel at 11.30 a.m Singapore time while Brent crude ...
Although the Iranian government insists that countries like China and Russia can make up lost Western investment in the petroleum sector, rising gas prices and stalled energy projects are signs that the regime is beginning to buckle under international sanctions. The United ...
p>China's imports of styrene monomer in July fell by 3%, or 7,966 mt, from 264,576 mt in June, data released by China's customs Wednesday indicated. In comparison with the same month last year, the difference of 27.45% or 97,092 mt was more startling, considering that China ...
p>US polypropylene maker ConocoPhillips has declared force majeure (FM) on its copylene impact copolymers, the company announced in a letter Wednesday. The company cited an equipment breakdown at it's production facilities coupled with feedstock shortages as justification for the ...
p>Liquidity was thin in the spot coking coal market Thursday with many users well stocked and others waiting for Q4 2010 contract talks to settle. Platts metallurgical reference prices were unchanged Thursday. Mid-vol prices remained at $187/mt FOB Queensland, $201/mt CFR North ...
p>Japanese energy trader LNG Japan Corporation has commenced preliminary discussions with Nigeria's state-owned Nigerian National Petroleum Corporation, or NNPC, to participate in NNPC's Brass LNG project, according to a statement on NNPC's website Wednesday. "Japan LNG ...
p>Building a liquefied natural gas terminal on the Black Sea will be Ukraine's top priority during the next four years, President Viktor Yanukovych's press service reported Thursday. Ukraine will also focus on renewable energy projects, including building one of the largest solar ...
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 ...