industry

Global oil prices extended gains in Asian trade Monday on a weak dollar as investors await US Fed moves for further clues. Light sweet crude for November delivery was seen trading at $ 83.35 a barrel at 12.00 noon Singapore time while Brent crude was at $ 84.61 a barrel in London...
Possible delays in constructions of many thermal power plants in the country might postpone Vietnam s plans to resume coal imports. According to country s Energy ministry, the country is now likely to import coal only from 2015, not 2013 as earlier forecast. However, Heavy ...
Europe s largest economy Germany said it will take part in the Russian-led South Stream pipeline that aims to transport Russian gas to Europe. According to reports Wintershall, the oil and gas subsidiary of Germany's BASF, is interested in the pipeline and may take a stake of up ...
Completing a feasibility study for the South Stream gas pipeline is a priority for Russian energy monopoly Gazprom, executives said. Alexei Miller, chief executive of Gazprom, met with his South Stream counterpart Marcel Kramer in Moscow to discuss issues related to the planned ...
p>INEOS Technologies has licensed its Innovene S process for the manufacture of high-density polyethelene (HDPE) and linear low-density polyethylene (LLDPE) to Rosneft's 345,000 mt/year Angarsk polymer plant in Russia's East Siberian town of Angarsk, Ineos said in a statement ...
The United States has approved the first large-scale solar energy project on public lands that will use "power tower" technology, government officials said. The proposed project, to be located in San Bernardino, Calif., could produce up to 370 megawatts of clean energy, enough to ...
p>US propylene producer Petrologistics was expected to begin feeding its new 500-kt/year propane dehydrogenation unit in Houston, Texas, this weekend, sources told Platts. The company originally intended to start up the plant in late August or early September but faced mechanical ...
p>NSE Biofuels, a joint venture between Neste Oil and Stora Enso will do an environmental impact assessment for a commercial-scale biorefinery to be located either at Porvoo or at Imatra in Finland in early November and it will take around a year, Neste Oil announced in a ...
p>Denmark became a gas importer for the first time on Saturday, October 9, according to Torben Brabo, vice president of gas at Danish network operator Energinet.dk. Denmark brought in some gas from its neighbor country following a new pressure service agreement with German ...
p>US utilities at this time are "more hesitant than ever to burn coal," Wood Mackenzie coal consultant Ben Hewson said Wednesday at the American Coal Council's Coal Market Strategies conference in Tucson, Arizona. Following recent announcements of retirements and facility idling ...
p>The window for upward adjustment to domestic oil product retail ceiling prices may open in the second half of October, based on current oil product pricing mechanism. After international crude gained notably amid weakening US dollars in early October, the fluctuation in 22...
p>US Atlantic Coast ultra low sulfur diesel differentials shed 1 cent/gal Monday to hit their lowest level since February, as the product backs up in the New York Harbor, traders said. "New York [ULSD price] is following the Gulf Coast lower and because it is so weak in the Gulf ...
p>China's October LPG import was estimated to be about 200,000mt, slumping 40.65% from one month ago. Chinese LPG importers mostly recorded hefty LPG stocks right now and homemade LPG output increased significantly, which explained the drop in imports, according to a South China...
p>OPEC on Tuesday shaved its forecasts of demand for its own crude this year by 80,000 b/d to 28.57 million b/d, half a million barrels a day more than estimated production of 29.08 million b/d in September, and by 30,000 b/d to 28.81 million b/d in 2011. The oil producer club ...
p>State-run Korea Gas Corp., or Kogas, the world's biggest buyer of LNG, said Tuesday it is in talks to buy a 15% stake in Australian exploration and production company Santos' flagship 7.2 million mt/year Gladstone LNG project in Queensland. "Negotiations are underway to ...
PetroChina Huabei Petrochemical planned to increase its daily LPG output by 10% to 1,100mt from October, in order to make up production cut caused by maintenance in March, a refinery source said. The refinery has been keeping LPG output at 900-1,000mt per day before October, the ...
p>PetroChina Jilin Petrochemical had its newly-installed 1.6-mil-mt/yr gasoil hydrotreating unit entered trial run on Oct 8, a refinery source said, adding the refinery had reaped qualified GB gasoil from the unit. The unit, with its construction completed on Sep 10, was designed ...
p>Refineries affiliated to PetroChina are estimated to process a combined 372,419mt per day of crude in October, 4.05% higher than the previous month, hitting the highest level of this year, a survey showed. Daqing Refining & Chemical, Jinxi Petrochemical and Yumen refinery have ...
p>According to Sinopec Yizheng Chemical Fibre Co., Ltd., the company s 60kt/y PBT plant was planned to compete installation before Oct 30th and put into operation in end-Dec. Some relevant people from the company said that after installation, the facility would carry out single ...
p>Service companies cannot keep up with the boom in natural gas drilling in the Eagle Ford shale in South Texas, leading to a shortage of crews that perform the hydraulic fracturing essential to getting the gas flowing, producers said this week. Robert Banks, chief operating ...
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