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China: Sinopec strenuously forges ahead in bonded bunker market

Sinopec strenuously forged ahead in China bonded bunker market this year. As of this October, Sinopec has set up four bonded bunker supply business locations in the country, and just opened business in its fifth business location, Tianjin municipality. Sinopec has been actively ...

Americas:NESC to set up local funding to fight climate change

The National Economic and Social Council (Dublin) is setting up structures for local funding of climate change projects such as renewable energy and afforestation as a part of wealth creation under the Vision 2030 program. The Finance ministry, helped by carbon trading consulting ...

China:Climate bourses eyeing China carbon market

NYSE Blue, an environmental exchange operator, stands first in queue to ensure that it is not missing out on the opportunity to harness a huge carbon emission trading market in China; as the country is poised to be the world-leader in low carbon sector. A new joint venture of ...

Asia:Commodity Trends:Markets fall on China, Korea developments

Commodity markets fell on speculation that China will increase borrowing costs after the country s exchanges increased margins to curb speculation. China consumes most commodities in huge quantities including aluminum, zinc, copper, coal and iron ore.Commodities dropped on ...

China: PetroChina kicks off construction of 10-mil-mt/yr Lanzhou-Chengdu Crude Pipeline

PetroChina has started to build Chengdu-Lanzhou Crude Pipeline after getting environmental assessment approval from the Ministry of Environmental Protection, expected to be complete in 2014, revealed a source with pipeline department of the oil giant. The 882-km pipeline, with ...

China: China's Jan-Oct LPG apparent consumption rises 2.65% yoy to 19.1-mil mt: NBS

China's apparent consumption in the first ten months of this year amounted to 19.1-mil mt, up 2.65% from a year earlier, showed data from the National Bureau of Statistics. Market sources ascribed the increase to recovering economy and expanding LPG deep processing capacity, ...

China: SPEX expected to start spot LPG trading in Dec

Shanghai Petroleum Exchange is expected to start trading business of spot LPG and liquefied natural gas from December, an source with the bourse told . LPG trading amount would be limited at the earlier stage, because Sinopec, PetroChina, CNOOC and most importers showed little ...

China: Sinochem Tianjin Port Petchem Terminal to start operation of 420,000-cu-m tank farm on Dec 28

Sinochem Tianjin Port Petrochemical Terminal Co will start trial run of a 420,000-cu-m oil tank farm on Dec 28, 2010, said a source with the company. This tank farm is the second largest one in Tianjin, only after PetroChina's Huixin Oil Tank Farm. It comprises ten 30,000-cu-m ...

Americas:Canadian nat gas exports to US set to drop

Western Canadian gas exports to the United States could be completely displaced into Northern California by 1)Abundant, low cost US natural gas production, and 2)By several new gas pipelines in the US Says a new market study by Bentek, a US energy analysis company. Overall, ...

Asia: Statoil lifts CFR Asia LPG premium in mopping up 220,000 mt Dec LPG

Norway's Statoil has sent CFR Singapore-Japan LPG premiums soaring as it mopped up 220,000 mt of refrigerated LPG from the spot market so far this month. Even as the CFR premium, to Saudi Aramco's December LPG contract price, for December arrival evenly split cargoes has risen ...

EU bans BPA in infant feeding bottles from March 2011

LONDON-EU member states will have to ban the manufacture of polycarbonate (PC) infant feeding bottles with bisphenol A (BPA) from 1 March 2011, the European Commission said on Friday. The Standing Committee on the Food Chain and Animal Health had reached a qualified majority on a ...

Europe: Morocco picks UK-based IP, partner for 1,320 MW coal-fired plant

A partnership between UK-based International Power and Moroccan holding company Nareva has by selected as the developer for a 1,320 MW coal-fired power plant in Morocco, state utility Office National de l'Electricite (ONE) said late Thursday. ONE said the next step in the process ...

Asia: Santos to bring online Indonesia's Wortel gas field by end-2011

Australian exploration and production company Santos on Friday made a final investment decision approving the development of the Wortel gas project offshore Madura Island in Indonesia, with first gas expected by the end of 2011. Wortel is located 7 km west of the Santos-operated ...

Europe: Statoil moves to boost recovery rates at N Sea Kvitebjorn field

Statoil said on Friday it was moving to boost production at its Kvitebjorn gas condensate field in the northern part of the North Sea with a new compressor module. Statoil said it had awarded engineers Bergen Group Rosenberg a contract to build and install a compressor module on ...

Americas: Canada's Heritage looking for 'significant' asset acquisition

Canada's Heritage Oil is looking for a "significant" upstream asset acquisition to reinvest the $1.45 billion it received from Tullow Oil when its sold its Ugandan oil assets earlier this year, Heritage CFO Paul Atherton said Thursday. "We are looking at a smaller number of ...

China: Shandong mulls establishing unified refined oil brand for independents

Shandong provincial government mulls establishing a unified brand of oil products for independent refineries. Shandong Economic and Information Technology Committee (SEITC) on Sep 30 issued a proposal to municipal governments and related authorities that Shandong should step up a ...

Asia:India makes 112 hydrocarbon discoveries since 2002

Since October 2002, following the discovery of gas assets in the KG basin, 112 hydrocarbon discoveries have been made in India so far under Production Sharing Contract regime, according to Jitin Prasada, the India s Minister of State for Petroleum and Natural Gas. Of these, 79 ...

Middle East: Iraq set to discount import tariffs on oil equipment: minister

Iraq plans to introduce at the beginning of January discounts of as much as 20% on oil equipment import tariffs to support international oil company activity in the country, transportation minister Amer Abdul-Jabbar Ismael said Friday. The discounts are in the final stages of ...

China:China's high growth photovoltaics aims higher

Portraying the growth potential that China offered in photovoltaic industry, a CCID report in this regard noted that in 2009, China's solar cell output reached 3,850MW with an annual growth rate of 93%, which was above the world average. China's solar cell enterprises are mostly ...

Americas:Oil stays below $84 as US crude reserves climb

World oil prices remained below $84 a barrel mark in Asian trade Thursday after signs on US economic recovery were offset by surprise gain in US crude reserves. Light sweet crude for January delivery was down 2 cents to $83.84 a barrel at 12.00 noon Singapore time while Brent ...
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sports

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