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Asia:Malaysia announces tax incentives to boost oil output

Malaysia on Wednesday announced tax incentives to boost oil production. Country s Prime Minister Najib Razak also set out plans for billions of dollars in infrastructure investment as part of its bid to create millions of new jobs and double national income by 2020. Speaking to ...

Europe:Germany needs $13bn to cover powergrid overhaul

Germany is facing an unprecedented overhaul of its power grid to the tune of $13 billion, according to a new study conducted by scientists from Cologne University and the Fraunhofer Institute. Investments stretched over the next 10 years to modernize the German power grid is ...

Asia:Oil slips after overnight gains

Global oil prices eased in Asian trade Thursday after overnight gains on positive economic reports in China and the US, world s largest oil users. Light sweet crude for January delivery was seen trading at $86.47 a barrel at 12.00 noon Singapore time while Brent crude was at $ 88...

Americas:GDF Suez to come up with 400 MW power plant in Peru

As a way to expand its footprint in Latin America, GDF Suez a French energy company--outlined plans to build a new 400 megawatt power plant in southern Peru through a subsidiary. The company s Peruvian subsidiary EnerSur, the second-largest private electricity company in the ...

Europe receives REACH applications for 4,300 chemical substances

Applications for 4,300 chemical products were submitted for classification to allow their continued use within the European Union, according to the European Chemical Agency Wednesday. Chemical companies submitted 24,675 registration dossiers by yesterday's deadline for the ...

Asian polypropylene supply tight, but rally curbed by low demand

Asian polypropylene supply is expected to be tight between December and January, but market participants said this week that the short supply is unlikely create a huge impact on spot market prices due to the lull season. The tightness comes as some PP production facilities in ...

Americas: Teck CEO says 'so far, so good' for meeting 2010 coal sales targets

Teck Resources CEO and president Donald Lindsay said Tuesday it is a case of "so far, so good," when it comes to reaching the miner's 2010 coal sales targets of 23 million to 23.8 million mt. Speaking at Scotia Capital's Mining Conference on Tuesday, Lindsay reiterated Teck's ...

Asia: Goldman Sachs raises hard coking coal price forecasts for 2011-2014

Goldman Sachs raised its price forecasts for hard coking coal by 6-28% for 2011-2014 because of structural tightness in the seaborne market, the bank said in a research note published late Tuesday. Goldman Sachs raised its hard coking coal forecast, which it defines as representi...

Americas: Shale development pushes US proved gas reserves to 1971 high: EIA

The development of shale plays resulted in an 11% increase, to 284 Tcf, in US proved natural gas reserves in 2009, the highest level since 1971, the US Energy Information Administration said in a report released Tuesday. Louisiana led the nation in additions of proved gas ...

China:Oil slips after overnight gains

Global oil prices eased in Asian trade Thursday after overnight gains on positive economic reports in China and the US, world s largest oil users. Light sweet crude for January delivery was seen trading at $86.47 a barrel at 12.00 noon Singapore time while Brent crude was at $ 88...

Europe:Scotland sees green energy revolution

Scotland is in the midst of a new energy revolution as it looks for new ways to develop renewable and low-carbon resources, the environment secretary said. The Scottish government said it was examining new ways to support green energy while at the same time making sure local ...

Asia:India Oct crude oil imports down 23 percent

India s crude oil imports for October dropped by 23 percent despite domestic sales recorded slight gains. According to country s Oil ministry, India s 19 public and private sector refineries imported 10.1 million tons of crude oil in October as compared to 13.23 million tons ...

Europe:Russia again cuts Belarus gas by 60 percent

Renewed payment feud between Russia and Belarus over gas price once again prompt Russia to cut gas supply to its neighbor Belarus. According to Gazprom, Russia on Wednesday cut Belarus's gas supply by 60 percent as a gas payment feud between Moscow and Minsk entered a third day. ...

Asia:India hikes nat gas prices for non-priority sector

With effect from December 1, the Indian govt. has approved of 10% hike in price of natural gas sold by ONGC and Oil India Limited to consumers in non-priority sectors like steel and petrochemicals, reported PTI. This means $5.25 hike per MMBTU for 7-8 million standard cubic ...

Middle East:Iran fuel price minus subsidy to rise 700 percent

Crude oil rich but refined oil poor Iran said the price of gasoline in the country will rise by 700 percent when subsidies are cut. According to Iran s economy ministry the country hopes to save up to $100 billion a year by phasing out subsidies on gasoline, natural gas, ...

Inner Mongolia Keshiketeng Banner Coal Chemical Industry Recycling Economy Park holds Investment and Cooperation Projects News Conference

Inner Mongolia Keshiketeng Banner China Merchants Group holds Inner Mongolia Keshiketeng Banner Coal Chemical Industry Recycling Economy Park Investment and Cooperation Projects News Conference at 9:45 am on December 2, 2010 at the Shanghai Everbright Convention and Exhibition ...

PTT Chemicals' net profit seen growing 49% year on year in 2011

SINGAPORE-PTT Chemicals' (PTTCH) net profit is expected to grow 49% year on year in 2011 to Thai baht (Bht) 17.5bn ($58.24m), spurred by higher product prices and improving demand, DBS Group Research said on Thursday. PTTCH's key product prices would increase "across the board" ...

Asia: Japan's Inpex issues tenders for onshore Ichthys LNG construction work

Japan's Inpex Corp. has issued invitations to tender for the major onshore construction packages for its Ichthys LNG project in Darwin, northwest Australia, the company said Tuesday. The proposed plant will produce 8.4 million mt/year of LNG, 1.6 million mt/year of LPG and 100...

Middle East:Qatar again calls for oil-gas price linking

Qatar, one of the world s top natural gas holders renewed its call for a mechanism to link pricing for the commodity to oil prices to ensure stability in the market. In a statement, Qatar s energy ministry said it will stabilize the market and the market would be open to everyone...

Europe:'Total' to explore British waters of North Sea

Total, the energy giant, announced it received approval from the British Department of Energy and Climate Change for phase 2 development of the West Franklin field in the British waters of the North Sea. The company expects to produce around 40,000 barrels of oil equivalent per ...
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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Retailer's Net Profit Falls 3%
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Yao's gift of sport for all
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