industry

p>Oil companies will have to meet "key EU requirements" for new drilling licenses but Europe will not push forward with a ban on offshore drilling, the European Commission confirmed Wednesday. Energy Commissioner Gunther Oettinger presented the EC's draft proposals for strengthen...
p>The mayor of a northern Texas city that has had a recent history of being open to natural gas exploration-and-production companies drilling within its borders wants air-quality monitoring to be conducted at the site of each new well drilled within those limits. "There's so much ...
p>The China National Aviation Fuel Corp (CNAF), China's dominant jet supplier, pegged the benchmark price of jet it supplies to domestic airlines at Yuan 5,490/mt for the fourth quarter, down Yuan 120/mt from the previous quarter, according to a source with a domestic airline ...
Setting a 30 percent reduction target for greenhouse gas emissions would benefit the European economy, a European committee said in Brussels. A majority of the lawmakers in the European Environment Committee called for setting a 30 percent reduction target by 2020, compared with ...
p>Sinopec is expected to transmit a combined 733,800mt of gasoil and gasoline to Southwest China's Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in October, up 2% from the previous month, revealed a source with pipeline department of the oil giant. Gasoil ...
p>PetroChina Daqing Petrochemical scheduled to process 560,000mt of crude oil in October, with daily consumption flat at 18,000mt compared with one month ago, a refinery source said. The source also revealed that the refinery had submitted to headquarters the feasibility report ...
p>Orient Hongye Chemical conducted trial run on its 200,000-mt/yr LPG deep processing project end September and started to supply products during the National Day holiday (Oct 1-7), a source with the company said, adding the current ultra clean LPG output was over 200mt per day. ...
p>Effective 1 October 2010 or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 100 EUR per tonne, resins and redispersible powders by 170 EUR per tonne. According to BASF, the price adjustments are ...
In a recent study by the NCDEX Institute of Commodities Market and Research (NICR) revealed that in the past one week, Crude oil turned out to be the best performer for the week ending, 1st October. The price of crude gained on continued dollar weakness, positive economic data ...
The Steel Index (TSI) will launch a coking coal price index later this year to complement its world-renowned steel, iron ore and scrap indices. The new index is being launched in direct response to requests from industry participants around the world keen to see TSI s rigorous ...
Oil remains steady in European trade Wednesday ahead of a crucial energy report by the US Energy Department. Light sweet crude for November delivery was seen trading at $82.58 a barrel at 12.00 noon London time while Brent crude was at $84.52 a barrel on the ICE Futures exchange. ...
A new natural gas discovery in Chile's extreme south raised prospects of a bigger find on the Tierra del Fuego island in the Magallanes region, state-run oil and gas company Empresa Nacional del Petroleo S.A. (ENAP) announced. The gas find was made in the Arenal exploration block ...
World s largest country, Russia needs a lot of energy to stay warmed during its harsh winter days. The country has been considered as a northern country for a long time and opinion surrounds it suggest it's better to use solar energy in countries where there's a lot of sun. The ...
The only biofuel factory in Cambodia remained closed owing to lack of raw materials. MH Bio-Energy plant, a Kandal province factory owned by South Korea pushed back its reopening to December 2010 as the price of cassava remains high. The factory uses cassava to produce ethanol ...
Brazil is leading in disclosing government revenue from producing oil and mining minerals, according to a study by the Revenue Watch Institute and Transparency International. The study for the first time measured how well the resource-rich countries make public their management ...
p>Germany-based BASF will spin off its styrenics business to separate companies, which it hopes to complete by January 1, 2011, the company said Thursday. BASF said it will establish Styrolution after it carves out its businesses in styrene monomers, polystyrene, acrylonitrile...
The month of October is being declared the 'National Renewable Energy 401 (k) Month' here ata global conference on Friday, The Renewable Energy Initiative (TREI) said. "The 3rd Annual International Conference on Energy, Logistics and the Environment" is being sponsored by the ...
p>Spot PE prices in Southeast Asia have gained ground over the past week owing to limited regional availability, higher upstream costs and improving demand. Most players stated that they expect prices to continue to firm up in the coming weeks as they believe that demand will ...
p>Group I base oil supply was expected to further tighten in Asia as most Asian suppliers transferred their resources to Europe, where base oils prices were boosted on short supplies. ExxonMobil lifted its low-viscosity and high-viscosity Group I base oil prices in Europe by US...
p>Russian's Angarsk Refinery planned to export 10,000mt of base oils to China in October, revealed a domestic trader, adding that the cargo mainly included 150N, 250N, 450N and 650N grades. The refinery wrapped up its base oil unit maintenance in mid September and scheduled to ...
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
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