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China: Sinopec Qingdao refinery to keep crude throughput stable at 27,000mt/d in Oct

p>Sinopec Qingdao Refining & Chemical plans to process 830,000mt of crude oil in October, with daily throughput stable at 27,000mt compared to the previous month, according to a refinery source. Qingdao Refining & Chemical, located in Qingdao City of Shandong Province, owns an ...

China: S. China's fuel oil imports plunge 47% to 2.69-mil mt in Jan-Aug 10: GAC

p>South China accumulatively imported 2.69-mil mt of fuel oil in the first eight months of 2010, slumping 47% from the same period last year, according to data released by the General Administration of Customs. The volume occupied 17% of China's total, sharply down 12 percentage ...

China: Shandong independent refineries' coking margin up Yuan 18/mt on rising oil products prices

p>Theoretical coking margins in Shandong independent refineries rose by Yuan 18/mt to minus Yuan 370/mt on higher oil products prices. Low-sulfur residue price climbed by Yuan 15/mt to Yuan 4,050/mt this week, while hydrogenated naphtha, gasoil and petcoke prices all recorded ...

China: Dalian Petchem cuts high-viscosity base oil price to stimulate sales

p>PetroChina's Dalian Petrochemical marked down its 400SN Group I base oil ex-refinery price by Yuan 200/mt this week, although base oils prices generally kept mounting up on supply shortage in domestic market, a source with the refinery said. The refinery cut the price to boost ...

China: Group II base oil supply slightly up in NE. China

p>With the restart of PetroChina Daqing Refining & Chemical Co, supply of Group II base oils climbed up in Northeast China this week. Spot supplies from the refinery to the Northeast China market had been limited during its 40-day shutdown maintenance, because it kept most ...

Europe: DuPont and DSM Announce Joint Venture in Surgical Biomedical Materials

p>WILMINGTON, Del., and HEERLEN, Netherlands -- DuPont (NYSE: DD) and Royal DSM N.V. announce an agreement to form a joint venture to develop, manufacture and commercialize advanced surgical biomedical materials, pending European Union regulatory approval. The joint venture will ...

China: Recent Dynamics of PO and PPG facilities in China Market

table cellspacing="0" cellpadding="0" width="500" align="center" border="1"> Company Facility Dynamics Shandong Dongda PO and PPG facilities to start 10-day maintenance from Oct 8 Zhenhai Refinery PO facility to have 8-10 day maintenance in Oct Shell in Singapore PO and PPG ...

Oil steadies in Asia as trends remain stable

World oil prices remained mixed in early Asian trade Monday as trends supported the black gold last week stayed. Light sweet crude for November delivery was seen trading at $ 76.53 a barrel at 12.00 noon Singapore time while Brent crude for November was at $78.83 a barrel in ...

PetroChina ties with Hess to develop shale oil

China s largest oil producer, PetroChina has tied with Hess, an US oil company, to develop shale oil resources at its Daqing Oilfield. PetroChina is trying to expand its output at Daqing Oilfield after its production decline in 2009. Daqing Oilfield, which is considered as China...

Americas: US steam cracker margins steady despite run in ethane prices

p>US steam cracker margins were down slightly on the week despite a run in feedstock ethane prices. Spot ethane values jumped roughly 4.5 cents and was assessed as high as 57.25 cents/gallon on the back of improved chemical demand and limited fractionation capacity shrank further ...

Asia MEG prices surge after Chinese holidays as ethylene prices soar

p>Monoethylene glycol CFR China prices spiked as the Northeast Asian market returned to work Monday after the holidays last week, tracking the sharp increase in ethylene prices, said several market sources. MEG on Friday was assessed at $804/mt CFR China, but on Monday afternoon ...

Asia: Macquarie warns of wider semi-soft coal discounts to HCC by 2015

p>Macquarie Investment Research said it expects semi-soft coal pricing to remain under pressure over the next few years and its discounts against hard coking coal to increase, as recent spot prices indicate lower-quality met coal is losing its earlier luster among buyers. The new ...

Americas: Pennsylvania's fracking rules need beefing up: review group

p>Pennsylvania's hydraulic fracturing regulatory program needs to be beefed up, the State Review of Oil and Natural Gas Environmental Regulations (STRONGER) said Thursday. STRONGER is a non-profit organization that uses industry personnel to review state oil and gas environmental ...

Asia: Iran negotiating $5 bil gas development deal with 3 Indian firms

p>Iran is in talks with three Indian companies to close a $5 billion deal to develop an offshore gas field, the semi-official Mehr news agency reported Saturday. "The last technical and operational issues have been finalized... for the development of the Farzad B gas field... ...

Europe: Gazprom inks deal to supply 30 Bcm/yr of gas to China

p>Russian gas giant Gazprom said Monday it has signed a legally binding document with China National Petroleum Corp on the key terms for future supplies of Russian gas which stipulates gas deliveries of 30 billion cubic meters/year over 30 years. While the document signals a ...

Americas: Halliburton defends Macondo job, says BP ignored red flags

p>Halliburton executives on Sunday said BP ignored red flags when designing its Macondo Gulf of Mexico well but, under questioning from a group investigating the April 20 Deepwater Horizon blowout, said Halliburton never insisted that work should stop. Thomas Roth, vice president ...

China: S. China's Aug LPG imports climb 7% on month: GAC

p>South China imported 305,059mt of LPG in August, up 7% from the previous month, shows the data from the General Administration of Customs. Local importers hiked LPG imports in view of remarkable import margins and low domestic supply amid refinery maintenance. In addition, the ...

China: PetroChina Fushun Petchem starts operation of 2.4-mil-mt/yr coking complex

p>Fushun Petrochemical put its new 2.4-mil-mt/yr coking complex to trial run on Sep 23 and has now started commercial production of this unit, according to a source with the refinery. This coking complex comprises a 2.4-mil-mt/yr coker, 660,000-mt/yr gasoline hydrocracker, 170...

China: Sinopec Maoming Petchem to refine 7% less crude in Oct on turnaround

p>Sinopec Maoming Petrochemical is slated to process 1.12-mil mt of crude oil in October, down 90,000mt or 7% from the previous month, a refinery source said. The refinery plans to shut some units for 40-day maintenance from mid-October, mainly including 2.5-mil-mt/yr crude ...

China: S. China's Sep fuel oil imports estimated to rise 17% on month to 230,000-270,000mt

p>South China is estimated to import 230,000-270,000mt of fuel oil in September, up 17% from the previous month, down 38% compared to a year earlier, a estimation showed. All of the imports were mixed/cracked high-sulfur fuel oil imported by bonded bunker traders. Fuel oil import ...

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