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China's naphtha imports for Aug rise 34% on month to 232,700mt: GAC

p>China recorded 232,700mt of naphtha imports in August, up 34% compared with the previous month, according to data released by the General Administration of Customs. Market sources ascribed the increase to augmented demand from domestic ethylene producers. China's naphtha ...

Asia: Indian ONGC spuds 1st shale gas well, makes two oil, gas discoveries

p>India's largest upstream oil company, Oil and Natural Gas Corp., has begun shale gas exploration by drilling the first well in the eastern Indian state of West Bengal, the company said in a statement late Wednesday. ONGC plans to drill its first shale gas well RNSG-1 to a depth ...

China: EU "Sunset review" of Anti-dumping Measures on China Shoes Counting down

p>Deadline for "sunset review" of anti-dumping measures on Chinese shoes is counting down. Five Chinese shoe enterprises including Aokang are struggling for solutions to these measures. A 16.5% anti-dumping duty would be levied on Chinese shoes enterprises for another 15 months ...

Americas: US PET supplier Eastman issues 2 cents/lb hike effective Oct 1

p>US supplier Eastman nominated a 2 cents/lb ($44/mt) price hike effective October 1 on PET for the NAFTA region, in addition to the industry-wide plus 3 cents/lb already on the table for September 1, according to a letter sent to customers Wednesday. The increase was necessary ...

Americas: US senator vows to move forward with rail regulatory reform bill

p>The push for rail regulatory reform was resurrected Wednesday as US senators John Rockefeller and Herb Kohl pledged to move legislation forward. During a hearing before the Senate Committee on Commerce, Science and Transportation, Rockefeller, a West Virginia Democrat, renewed ...

Asia: Thai PTT Phenol to start up expanded solvents line in H2 2011

p>Thailand's PTT Phenol expects to begin production at its expanded solvents unit in the second half of 2011, an industry source said late Wednesday. The company's plant at Map Ta Phut, Rayong, is now running at 100% of its production capacity of 200,000 mt/year of phenol and 124...

Europe: Spot NWE benzene levels forced down as market bearish on length

p>Spot Northwest European benzene prices are being put under pressure by increased length in the prompt market, sources said Thursday morning. After closing down at $885/mt Wednesday, the September market showed signs of further weakness Thursday morning as although offers ...

Americas: US DOT proposes tougher enforcement of pipeline safety

p>The Obama administration on Wednesday proposed increased penalties and stricter enforcement to close what it said are gaps in oversight of the nation's pipelines in the wake of recent oil and natural gas line accidents. "The department intends to take significant action to ...

Americas: Investigation of Enbridge targets pipeline operator, PHMSA: NTSB

p>The US National Transportation Safety Board's investigation of Enbridge's failed Line 6B pipeline is targeting pipeline operator performance and federal regulatory oversight, the head of the NTSB said Wednesday. "The economic and environmental consequences of a spill of this ...

Asia: Pertamina to buy Japan Inpex stake in 2 Indonesia oil, gas blocks

p>Indonesia's state-owned oil and gas company Pertamina plans to buy two oil and gas blocks from Japan's Inpex in a bid to boost its production, industry sources said Thursday. "Both parties are still in talks," a BPMigas official said. "The deal is expected to be signed in ...

Europe: European gas to compete with Asia after 2015: Deutsche Bank

p>European natural gas looks to have little supply tightness over the next few years, but the disincentive for investing during this glut could tip the supply/demand balance and force the continent to compete with Asia for the hydrocarbon after 2015, a Deutsche Bank report said. ...

Europe: UK's Centrica doubles stake in North Sea Statfjord field

p>Centrica, Britain's biggest gas supplier, has agreed to buy Shell's interests in the Statfjord field in the North Sea for NOK1.37 billion ($225 million), almost doubling its share of the oil and gas field, the two companies said Friday. The Statfjord field straddles the border ...

China: Sinopec Luoyang Petchem takes delivery of 2.6-mil-mt/yr gasoil hydrogenation unit

p>Sinopec Luoyang Petrochemical saw construction of 2.6-mil-mt/yr gasoil hydrogenation unit complete on Sep 16 and was expected to put the unit into trial production in October, a source with the refinery said. With the unit on stream, Luoyang Petrochemical is capable of ...

Americas: US senators from California to introduce pipeline safety bill

p>US Senators Dianne Feinstein and Barbara Boxer, both California Democrats, plan to introduce a pipeline safety bill modeled on a proposed measure announced Wednesday by the Obama administration that would strengthen oversight of the industry and increase penalties for ...

Asia: India's Essar not exporting gasoil via tender; talks on for private sale

p>India's privately-owned Essar Oil is not exporting gasoil currently, said a source familiar with the matter, denying talk that the refiner had placed a tender offering medium sulfur gasoil. It was heard earlier that Essar Oil was offering 50,000 mt of 500 ppm sulfur gasoil for ...

Europe: Lukoil expects to renew Tsentralnaya license by year-end: report

p>Russian oil company Lukoil expects the license for the Caspian Tsentralnaya structure held by its joint venture with gas giant Gazprom to be renewed by the end of the year. "I have no doubts it's going to be renewed. I think [it will happen] already this year," the Prime-Tass ...

China: Shandong Jincheng Petrochemical closes 1-mil-mt/yr coker in Sep 13-20

p>Shandong Jincheng Petrochemical Co Ltd halted production of its 1-mil-mt/yr delayed coker for one-week maintenance since Sep 13, and scheduled to restart the unit on Sep 20, a source with the refinery said. With only one 300,000-mt/yr coker in production, the company's current ...

China: Sinopec expected to lift naphtha ex-refinery prices by Yuan 50/mt in Oct

p>Sinopec is expected to raise naphtha ex-refinery price of its underlying refineries by Yuan 50/mt to Yuan 5,360/mt in October, according to its pricing formula. The ex-refinery price for naphtha to be supplied to eastern chemical enterprises by Tahe Refinery would be lifted ...

Europe: Puren and Bayer MaterialScience Jointly Develop Solar Air Collector Roof Insulation

p>In close cooperation with Bayer MaterialScience, puren GmbH of berlingen, Germany has developed the Bomatherm solar air collector roof insulation system. In this system the energy obtained from solar radiation is intelligently combined with highly efficient thermal insulation. ...

EURO GAS: Continental European curve softens on German power

p>Curve contracts on the Continental European gas markets softened over the morning Tuesday on a fall in German power prices, traders said. The main effect of the drop in German baseload power prices was seen in the Calendar year contracts at the main Continental hub, the Dutch ...
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