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Europe: Lithuanian gas company tells government to halt change to law

p>Lithuanian gas company Lietuvos Dujos has gone public once again with its dispute with the government over the unbundling of the country's gas supply and network operations. As a member of the EU, Lithuania is bound by the gas directive that calls for unbundling in some form, ...

Americas: It's over: Allen declares the Macondo well "effectively dead"

p>The long Macondo nightmare is over. While the shape that the end was going to take was never in doubt, and while oil had not leaked into the Gulf of Mexico since the middle of July, National Incident Commander Thad Allen said in a prepared statement today that intersection and ...

Asia: NZ Maari oil field output hits 10 mil barrels; Manaia to start Oct

p>New Zealand's largest oil field Maari, located in the Taranaki Basin, has reached a total production of 10 million barrels, and the nearby Manaia field is on track to start producing in October, field operator OMV said in a statement dated September 16. Maari, which produced ...

Middle East: Kuwait's KPC tenders to offer 44,000mt of refrigerated LPG

p>State-run Kuwait Petroleum Corp (KPC) issued a tender Tuesday to sell 44,000mt of refrigerated LPG at 75:25 ratio for Oct 10-15 loading, traders said. Bids due Sep 22, with validity till the following day. KPC awarded the previous similar tender offering a 44,000-mt cargo for ...

China: Yantai Wanhua MDI Capacity in Ningbo to Reach 900kt/y in 3 Years

p>Yantai Wanhua s MDI production capacity in Ningbo would amount to 900kt/y within three years. The company s Phase I 300kt/y MDI facility in Ningbo had already put into operation while Phase II 300kt/y facility had finished trial-run. After the on-stream of Phase II facility, ...

Krayden Introduces Dow Corning's 700 Silicone Sealant

Krayden, Inc., a leading distributor of engineered materials, introduces Dow Corning s 700 Silicone Sealant. The one-part RTV silicone-based rubber is weather resistant and holds up to extreme temperatures. The 700 industrial grade sealant cures at room temperature and remains ...

Americas: COIM Announces Price Increase

Due to continuous price pressure on several raw materials used in the production of polyester polyols, effective October 15, 2010, or as contracts allow, COIM USA Inc. will increase the price of all polyester polyols of $0.06/1b. Should you have any questions or concerns about ...

Americas: US mixed xylenes, toluene trades show widening delta late Thur

p>Toluene and mixed xylenes trades late Thursday showed a widening delta between the two aromatics, US sources said. September nitration grade toluene was heard done at 266 cents/gal ($809/mt) while September 843-grade mixed xylenes traded at 272 cents/gal ($824/mt). But sources ...

DHL Express set to beef up Chinese presence

Deutsche Post DHL's express division is set to strengthen its market-leading position in China within the next five years as the country presents more opportunities for the logistics sector, said Ken Allen, chief executive officer of DHL Express. "Chinese mainland will continue ...

Asia: GPCA to protest to WTO at India's polypropylene anti-dumping duty

p>The Gulf Petrochemicals and Chemicals Association is in the process of approaching the World Trade Organization to protest at the anti-dumping duty imposed by India on polypropylene imports from the region, GPCA secretary general Abdulwahab Al Sadoun told Platts late Monday. ...

Europe: UAE's Borouge produces on spec HDPE-film from new Ruwais swing plant

p>The UAE's Borouge has achieved production of on spec film-grade high density polyethylene from its new high density polyethylene/linear low density polyethylene swing plant at Ruwais, a company source said Monday. It is still working to produce commercial-grade HDPE injection ...

Iraq again postpones gas auction

Oil rich Iraq on Sunday postponed an auction for three gas fields for the second time, to October 20, after some companies asked for more time to study contract terms. According to country s oil ministry, eight companies requested to postpone the auction to give them more time to ...

Americas: Mining association sues US EPA, Army Corps over permit guidance

p>The National Mining Association asked a federal district court Friday to block the authority of the US Environmental Protection Agency and Army Corps of Engineers to deny Clean Water Act permits for Appalachian coal mining operations on some water quality grounds. In a motion ...

China speeds up clean energy development

World s second largest energy user China has speeded up efforts to develop more clean energy after investing $738 billion for the purpose over a decade. In a laboratory in northern China, technicians are breeding billions of micro-organisms in test tubes to create enzymes...

Europe: Italy's Saipem wins $500 million worth of onshore contracts

p>Italian oilfield engineering group Saipem has been awarded new onshore contracts with a total value of some $500 million, the company said Monday. In Algeria, state-owned oil company Sonatrach awarded Saipem a contract for an oil-gas separation plant and a gathering system and ...

Americas: Methanol Holdings Limited delays M5000 turnaround until October

p>Methanol Holdings (Trinidad) Limited (MHTL) will delay the turnaround of its 1.89 million mt/year M5000 Mega Plant, in Trinidad, until October. It is expected to last 35-45 days, a source close to the company said Wednesday. The turnaround, planned a year ago, was originally ...

Asia: Global LNG market likely to balance in 2011: report

p>The global LNG market will likely come back into balance in 2011 as demand grows substantially this year and the next, absorbing the projected supply growth, BofA Merrill Lynch Global Research said in a report published late Thursday. The bank said it was projecting total ...

Europe: Lukoil may buy back remaining 6.6% stake from Conoco by end 2011

p>Russia's Lukoil retains the right to buy back the remaining 6.6% in the company held by US firm ConocoPhillips after exercising an option to purchase a stake of almost 5% over the weekend, a spokesman for the Russian oil company said Monday. "There is no deadline for the ...

China: Sinopec Changling Petchem expects to see construction of 8-mil-mt/yr CDU complete end Sep

p>Sinopec Changling Petrochemical is expected to take delivery of 8-mil-mt/yr crude distillate unit by the end of September, several days after the completion of 2.8-mil-mt/yr fluid catalytic cracker and 2.4-mil-mt/yr gasoline-gasoil hydrogenation unit, a refinery source said. ...

OPEC Weekly Oil Price Keeps Declining

The weekly average oil price of OPEC declined slightly to 81.43 U.S. dollars per barrel last week, the Vienna-based cartel said Monday. The price begun to fall in the previous week, the first decline in three weeks. OPEC (Organization of Petroleum Exporting Countries) saw thin ...

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

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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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