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Americas: Spectra applies to US FERC to build gas pipeline into New York

Spectra Energy Monday asked US regulators to allow it to build an $850 million natural gas pipeline expansion into Manhattan. The filing with the Federal Energy Regulatory Commission comes after months of public vetting efforts, when the project took a beating from New Jersey ...

Asia: China's Nov natural gas imports surge, diesel use at record high:NDRC

China's imports of natural gas surged 50% to 1.9 billion cubic meters in November, the country's top planner the National Development and Reform Commission said in a statement Tuesday. November volumes were up 16.6% from imports of 1.63 billion cu m in October. State-owned ...

UK GAS: Prompt calms on LNG flow rise, demand dips but still high

UK prompt gas prices calmed Tuesday as flows of liquefied natural gas rose to help meet recent hefty demand levels, which despite being lower on the day were still hovering near 2010 highs and was enough to trigger the second balancing alert in two days by National Grid, traders ...

Asia: Transneft finishes crude trial runs on ESPO pipe spur to China

Russian pipeline operator Transneft's new 300,000 b/d pipeline spur for ESPO crude shipments to China is ready to begin commercial shipments on January 1 following the completion of trial runs Sunday, it said in a statement said late Monday. Transneft pumped the first trial ...

Ministry tries to clear up VoIP confusion

In a move that has confused China's telecom industry as well as Skype users in the nation, the Ministry of Industry and Information Technology said it has always been supportive of Internet-based telephone services, a remark that contrasts with a Dec 10 notice by the ministry. ...

Europe: NWE gasoline/naphtha spread at record on surging naphtha

The spread in the physical market between CIF Northwest European naphtha cargoes and Eurobob Amsterdam-Rotterdam gasoline barges surged by $10/mt to hit $49/mt Monday, the widest ever in a Platts assessment. Eurobob gasoline barges have been assessed since July 1, 2009. The ...

Court action threat for Carrefour Foshan

Vendors at a Carrefour store that closed last week said they would talk with the retailer about compensation and threatened to bring the company to court if negotiations fail. The Carrefour store in central Guangdong's Foshan city closed for business on Jan 1, and the company ...

New deal restores company's tarnished image

Hangxiao Steel Structure Co Ltd received an order worth $69.56 million from Reliance Infrastructure Ltd, a subsidiary of India's Reliance Anil Dhirubhai Ambani Group, on Thursday, marking substantial progress in the Hangzhou-based company's overseas business. In a statement filed ...

China to raise oil product retail ceilings by Yuan 300-310/mt from Dec 22

The National Development & Reform Commission, China's energy watchdog, announced Tuesday to raise retail ceiling prices by Yuan 310/mt for gasoline and by Yuan 300/mt for gasoil effective from Dec 22. Retail prices of gasoline would rise by Yuan 0.22/liter and gasoil up Yuan 0.25...

New deal polishes company's tarnished image

Hangxiao Steel Structure Co Ltd received an order worth $69.56 million from Reliance Infrastructure Ltd, a subsidiary of India's Reliance Anil Dhirubhai Ambani Group, on Thursday, marking substantial progress in the Hangzhou-based company's overseas business. In a statement filed ...

China: Sinopec Wuhan Petchem may cut Mar crude throughput by 24% on hydrogen unit maintenance

Sinopec Wuhan Petrochemical is expected to refine 320,000mt of crude in March 2011, about 24% lower than the normal level, according to a refinery source. The refinery would shut a 400,000-mt/yr hydrogen unit for 20-day maintenance from Mar 10, the source said. Wuhan Petrochemica...

Unscrupulous parties profit from attacks

The rise of Android, one of the major operating systems for smart phones, has invited attacks by various malicious applications, giving rise to concerns among Chinese consumers and businesses alike. These malicious applications have infiltrated Android and most often cause mobile ...

China: PetroChina brings on line Shikong-Lanzhou, Hui'anpu-Yinchuan crude pipelines

PetroChina has recently brought on stream two pipelines transmitting crude from its Changqing Oilfield in Northwest China, according to news released on the website of the oil giant. The 324.76-km Shikong-Lanzhou Crude Pipeline starts from Shikong County in Ningxia region and ...

Wuhan Steel's Profit Up 20% in 2010

China's major steelmaker Wuhan Iron and Steel Group would likely see a 20-percent rise in profits in 2010, despite rising production costs, the company said in a statement Friday. Wuhan Iron and Steel Group is the state-owned parent of Shanghai-listed Wuhan Iron and Steel Co. Ltd...

Oriental Land refutes Shanghai park stories

Leisure and tourism company says media reports "are not true "Oriental Land Co Ltd, the operator of Tokyo Disney Resort, on Thursday denied local media reports that it is negotiating with Walt Disney Co to participate in the running of a planned Disneyland theme park in Shanghai. ...

Americas:New solar cell could harvest power in the dark

Sidelining the major drawback of solar cells U.S. researchers say they've developed a new kind of solar cell that can generate energy even at night. The key is their ability to harvest infrared radiation as well as visible light, Steven Novack at the U.S. Department of Energy's ...

Slovakia road no go for mainland engineering firm

In early December 2010, China State Construction Engineering Corp announced a 27 percent rise in annual revenue to 330 billion yuan ($50 billion). It was at this point that Meng Qingyu, the company secretary, told reporters that the outlook for 2011 was bright owing to expected ...

Afirca:Militant attacks trim Nigeria oil output

Nigeria's oil production remained affected as Chevron, major oil extractor in the west African nation shut down yet another pipeline due to militant attacks. Chevron on Monday shut down its Dibi-Abiteye pipeline after it and two others were bombed by the Niger Delta Liberation ...

Europe:Oil to hit $100, gold to touch $1800: Saxo Bank

Crude oil and gold will be the hot commodities that will set record highs in 2011, says a forecast from Saxo Bank. Saxo Bank's predictions for 2011 include a record high in US stock markets, oil breaching $100 per barrel (before losing one third), Apple Inc. buying Facebook with ...

Giant steel firm forges ahead

Hebei Iron and Steel Group Co Ltd, China's biggest steelmaker by output, said on Monday that it agreed to take 10 percent stakes in seven private steel mills in an alliance that will expand production capacity and enhance consolidation in Hebei province's fragmented steel ...

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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