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Americas: Cray Valley Expands PolyBD Capacity

p>EXTON, Pa., - The Hydrocarbon Specialty Chemical division of Cray Valley has obtained approval for a 40-percent capacity increase for its plant at Channelview, Texas. The additional capacity is expected to be online by September 2011. The plant produces Poly bd hydroxyl ...

China Yangtze LNG project may use floating supply units

p>A proposed Yangtze River LNG project in China could use floating storage and regasification units, or FSRUs, to store and supply LNG to the 12 large and mid-sized cities located along the river in central China, Yao Tongxin, president of China Power PetroChemical International ...

Asia: Taiwan's CPC likely to export low sulfur gasoil from early 2011

p>Taiwan's state-owned CPC Corporation will likely sell low and medium sulfur gasoil from 2011 once its new hydro-desulfurizing facility is built by end 2010, trading sources said Tuesday. The refiner usually exports about 250,000 barrels of 0.5% sulfur gasoil every month, which ...

Americas: Canada's Sea Dragon completes Egypt well, hits 2 oil columns

p>Canada's Sea Dragon said late Monday its al-Ola X-1 well on Egypt's Northwest Gemsa concession had reached total depth of 14,323 feet in the Nukhul formation, having successfully encountered two oil bearing columns and strong gas shows that could significantly add to the field ...

China: Sinopec Tahe Petchem raises crude processing capacity to 4-mil-mt/yr

p>Sinopec Tahe Petrochemical saw annual crude processing capacity rise from the current 1.8-mil mt to 4-mil mt, after its 3.5-mil-mt/yr heavy crude upgrading project became operational mid-September, a refinery source said. The refinery brought on stream a 2.2-mil-mt/yr delayed ...

Europe: Cairn reports oil, gas shows with second well offshore Greenland

p>UK-based Cairn Energy has found some oil and gas shows with its second exploration well in the Sigguk block offshore Greenland, the company said Tuesday. The Alpha-1S1 well has so far reached a depth of 4,358 meters, and has found "gas shows in silty and volcanic sections over ...

China: Restricted power supply makes little impact on fuel oil demand from industrial users in E. China

p>Restricted power supply in East China has made very little impact on fuel oil demand from the industry. Zhejiang Province in East China started to require high-power-consuming enterprises to cut back on power consumption at the end of July and it suspended power supply to some ...

For the US, defense is now the best form of offense

The People s Republic of China s PLAN in the Indian and Pacific Oceans: The Game is Changing and the US is Now on the Defensive Two warships of the People s Republic of China (PRC) People s Liberation Army-Navy (PLAN) docked at a port in Myanmar on August 29, 2010, in the first ...

Europe: Russia to adopt Arctic development strategy this year: official

p>Russia is expecting to adopt by the end of 2010 a development strategy for the Arctic, which is widely believed to contain vast hydrocarbons reserves, a ministerial official said Thursday. "We expect to adopt it this year," Alexander Pilyasov, an official with the country's ...

China's commercial crude inventories hit year high of 30.19-mil mt end of Aug

p>China's commercial crude inventories climbed 3.4% on month to 30.19-mil mt at the end of August, setting a new high in 2010, according to the data from China National Petroleum Corporation. China boosted crude imports by 10% to 20.9-mil mt in August, and it raised crude output ...

China's commercial inventories of oil products slip 5.4% on month end of Aug

p>China held 15.33-mil mt of commercial oil product stocks at the end of August, down 5.4% from one month before, shows the data from China National Petroleum Corporation. The country's gasoil stockpiles declined 7.3% to 7.66-mil mt, and its gasoline inventories dropped 2.7% to 6...

Oil outlook to be less dependent on US economy

Alexander Montano, managing director of the Corporate Finance Group with California-based C. K. Cooper & Co., puts a lot of faith in technology when it comes to making oil and gas plays pay. Alex sees major opportunities for new technology in old oil basins and suggests some ...

Pakistan set to join TAPI gas pipeline

Delegates from the Pakistani government scheduled the signing of an agreement for a trilateral gas pipeline during talks in Turkmenistan, an official said. Delegates from Turkmenistan and Afghanistan were to have met in Kabul to sign an agreement on a natural gas pipeline to ...

Iran halts gasoline imports

Iran stopped placing orders for gasoline from external markets last month, the country's oil minister announced. Iranian Oil Minister Masoud Mir Kazemi said that with domestic refineries churning out more gasoline, his country no longer needed to place orders with overseas ...

Americas: Ineos declares FM on PE supplies out of Battleground, Texas

p>Ineos has declared force majeure on polyethylene supplies coming from its Battleground, Texas site, the company announced in a letter to customers. Ineos noted that the declaration stemmed from an unforeseeable manufacturing breakdown, however specific details regarding the ...

Information overload plagues oil upstream players

Upstream players in oil industry are burdened with information overload and majority of them now feel the need for a simple and more unified computing environment which is vital for their job performance. This was revealed in the Microsoft and Accenture Upstream Oil & Gas ...

Japan Dia-Nitrix Otake ACN plant extends shutdown to test new catalyst

p>Japan's Dia-Nitrix has made slight changes to the maintenance schedule for its 90,000 mt/year acrylonitrile plant at Otake, a company source said Tuesday. The plant's smaller 15,000 mt/year reactor has been shut from September 1, and will restart November 4, while its larger 75...

Finland's Neste seeks patent for waste-based oil from yeasts

p>Finnish refiner Neste Oil has applied for patents covering the technology to produce microbial oil from agricultural and industrial waste using yeasts and molds, the company said Tuesday. The waste-based oil would be used as a feedstock for its trademark NExBTL renewable diesel...

Excelerate to build a second LNG terminal in gas-hungry Argentina

p>US'Excelerate Energy Monday said it will build a 500,000 Mcf/d floating LNG import terminal in Argentina with a consortium made up of Argentina's Enarsa and YPF. This will be the second such facility that Excelerate has built with the consortium. The group earlier completed the ...

China: PetroChina Guangxi Petchem to take over Guangxi Dongyou Bitumen's LPG wholesale business from Oct

p>PetroChina Guangxi Petrochemical, or Qinzhou refinery, is expected to take over LPG wholesale business of Guangxi Dongyou Bitumen from October, a source with the former said. Unified sales would be more effective and economic, as the two refineries were both affiliated to ...
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