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Americas:Nabucco gas project gets another boost up

The EU backed Nabucco project received a facelift Monday as Turkmenistan won support from its Caspian neighbors to lay a pipeline under the sea and become a major gas supplier to Europe. Turkmenistan, which according to BP data holds the world s fourth-largest natural gas ...

Asia:Lack of jatropha hits Cambodia biodiesel sector

Cambodia s efforts to produce reasonable quantity of biodiesel is unlikely to realise in near future as the nation lacks key raw materials,including jatropha,used for the purpose. According to country s major energy firm, NTC Jacam Energy, it was forced to change plans to produce ...

Asia:Coal India to import 6 MT coal in 2010-11 to meet shortage

Coal India Ltd will import 6 MT of coal in 2010-11 to partly meet shortfall in the requirement for power utilities, according to Sriprakash Jaiswal, Minister of State for Coal.The Minister said that as coal is on Open General License (OGL), the stakeholders, both in the public ...

Europe:Oman Oil futures yet to become benchmark

The Oman Oil Futures contract traded on Dubai Mercantile Exchange (DME) is yet to become a benchmark like the Brent or West Texas Intermediate despite the reasonble growth in contracts traded from 1.27 mn barrels a day in 2007-08 to 2.9 Mbpd in 2010. An optimist assessment of the ...

Busy K tops off record year for Engel UK

The Engel stand at K 2010 was a very busy place, reports Graeme Herlihy, managing director of Engel UK. During the show, the stand received UK orders for eleven injection moulding machines, nearly all with fully electric actuation. The value of these orders clinches Engel UK s ...

Americas: US steam cracker margins from light feeds dip slightly on week

US steam cracker margins from light feeds dipped slightly this week on the back of lower spot ethylene values. Spot ethylene fell roughly 1.25 cents/lb on the week, with November last trading at 51.50 cents/lb while December was last traded at 51 cents/lb. Offers for both months ...

Asia: ChemChina seeks lower price for stake in Israel's MA Industries

State-owned China National Chemical Corp. is seeking a reduction in the price of its proposed deal to acquire a majority stake in Israel's Makhteshim Agan Industries, according to a statement released late Sunday by Koor Industries, which controls the agro chemical company. ...

Middle East: Dwindling Iranian OX supplies direct buyers to secretive tenders

Tenders for orthoxylene in Asia are seeing an enhanced interest from traders and end-users, even as producers floating such tenders are becoming increasingly secretive, industry sources said last week and Monday. Most of these tenders are being won by South Korean traders who are ...

Europe: Ukraine in talks with Libya, Egypt in search for oil and gas

Ukrainian Prime Minister Mykola Azarov arrived in the Libyan capital Tripoli late Monday for talks with Libyan authorities as part of the country's bid to find sources other than Russia of crude oil and natural gas. He will hold talks with Libyan leader Moammar Qadhafi and other ...

Asia: Shell completes share transfer to OPI Gas in exit from Pakistan

Shell has concluded its exit from the Pakistan LPG business by transferring 15,374,545 shares, or the 67.91% stake, that it held in Shell Gas LPG (Pakistan) to privately-owned LPG retailer OPI Gas, Next Capital, the Manager to the offer said, in a statement to the Karachi Stock ...

Americas: EPA biofuel storage rule marks 'new round' of federal requirements

The US Environmental Protection Agency's newly proposed rules for underground storage tanks holding higher levels of ethanol and biodiesel could "mark the beginning of a new round of federal UST requirements," the Petroleum Marketers Association of America said. "PMAA has been ...

China: Indonesia's Pertamina tenders to buy 99,000mt of refrigerated LPG

Indonesia's Pertamina issued a tender late last Friday to buy three batches of refrigerated LPG totaling 99,000mt, traders said. The first batch included 11,000mt of propane and 33,000mt of butane for Dec 11-13 delivery to Tanjung Uban port; the second was 11,000mt of propane and ...

Asia: Rosneft, China's CNPC to look at new upstream projects in Russia

Russia's state-run Rosneft and China National Petroleum Corp. have signed a memorandum of understanding to expand cooperation in hydrocarbons exploration and development, which envisages possible purchase of new assets offshore and onshore Russia, the oil producer said late ...

Europe: Butane exports surge from France's Lavera to N Africa, Med: sources

An unusually large volume of butane exports from the French Mediterranean port of Lavera are moving to destinations in North Africa and the Mediterranean area, according to trading sources. A total of six vessels have either recently sailed from Lavera, are currently loading or ...

China: Sinopec Dongxing Refinery halts LPG barge sale on loading arm failure

Sinopec Dongxing Refinery has halted LPG barge sale since last weekend on glitch of a loading arm and might not resume supply until this weekend, said a refinery source. The refinery recorded high LPG inventory currently, although it slashed LPG price to promote truck sale, a ...

Americas:Chilean oil prospects improve

Chilean oil prospects have improved with a new find in the south as the country vies with other Latin American producers to secure a place in the non-OPEC oil producers' club. Chile is a minor oil producer and its proven oil reserves until 2006 didn't exceed 150 million barrels ...

China: Sinopec, PetroChina supply gasoil with no rations in retail market in eastern coasts

Most petrol stations subsidiary to Sinopec and PetroChina stopped rationing gasoil and resumed normal supply in eastern coastal areas, a survey found. A source with Sinopec Guangdong said the company allocated 5-10% more gasoil to underlying petrol stations compared to last week, ...

China: PetroChina Qinzhou refinery to keep Dec crude throughput stable at 700,000-750,000mt

PetroChina Qinzhou refinery plans to process 700,000-750,000mt of crude in December, little changed from November, one learned from a source with the refinery. Based on this throughput, Qinzhou refinery will run at 90% of capacity, flat on a monthly comparison. Qinzhou refinery ...

Asia:Vietnam's Biomass Project to cut 4 tons of GHG

A biomass project in Vietnam could remove more than 4 million tons of greenhouse gas emissions during the next 20 years, an energy company said. German energy company E.ON and Bionersis, a French company specializing in green energy, announced the startup of a clean-energy ...

Americas: US Chamber of Commerce says EPA 'over-stepping' on coal ash rule

The US Chamber of Commerce Friday said the Environmental Protection Agency is "overstepping its bounds" as it considers whether to regulate coal combustion waste as a hazardous material. The chamber was among hundreds of corporations, associations and individuals that submitted ...
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