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China: Demand for PU Materials to Maintain Growth in 4th Quarter, 2010

p>According to National Bureau of Statistics of China, output of homemade soft furniture amounted to 25.23 million, up 43% compared with the same period last year. Ms Wang, the secretary general of China National Furniture Association said that this year China soft furniture ...

Europe: Total confirms output growth target despite 2011 dip

p>French oil major Total confirmed Wednesday its target of growing oil and gas production by a market-leading 2%/year to 2014 despite a temporary slowdown next year before its next wave of projects come onstream. According to figures in a mid-year strategy update, Total said it ...

Asia: Chevron, CNPC ink MOU for Australian gas development, LNG

p>Chevron and China National Petroleum Corporation have signed a memorandum of understanding to pursue joint opportunities related to gas field development and LNG offtake in Australia, and broader cooperation on upstream opportunities in China, Chevron said Thursday. The ...

Asia: Pertamina to up stake in West Madura oil, gas block to 60%

p>State-owned Indonesian oil and gas company Pertamina will raise its stake in the West Madura block in eastern Java to 60% from 50% next year, an official said Tuesday. The company will also take over South Korean Kodeco Energy's operatorship of the block once the contract ...

China: S. China refines 42-mil-mt of crude during Jan-Aug, sharply up 31.06% yoy: NBS

p>South China consumed 42-mil mt of crude during the first 8 months of this year, sharply up 31.06% from the same period one year ago, showed data from the National Bureau of Statistics. The growth rate was the highest of all regions in China. The other regions also saw increases ...

China: E. China estimated to cut Sep fuel oil imports by 27.5% on month

p>East China is estimated to import 200,000-220,000mt of fuel oil in September, notably down about 27.5% or 80,000mt from the estimate for August, a shipping schedule shows. No Venezuelan fuel oil cargo is expected to reach East China this month. As local stockpiles of such ...

China: LPG supply from major refineries in E. China up 3.6% to 5,800mt/d in H1 Sep

p>Six major refineries in East China produced a combined 5,800mt per day of LPG in the first half of September, up 3.6% from two weeks earlier, a survey showed. Gaoqiao Petrochemical enhanced LPG supply by 20% to 1,200mt a day after shutting down its alkylation unit, which uses ...

China: Commercial fuel oil stock in E. China stays unchanged at 412,000mt Wed: on week

p>Fuel oil inventories in major commercial tank farm of East China added up to 412,000mt Wednesday, nearly flat with the previous week, a survey showed. The volume accounted for 38.1% of the total fuel oil containing capacity. Aoshan Oil Tank Farm in Zhoushan City of Zhejiang ...

China: Guangdong minor refineries suffer from worse refining losses

p>Refining margins for minor refineries in South China's Guangdong Province fell further in negative territory due to rises in feedstock costs, a survey found. The margin was minus Yuan 202/mt on average in theory Wednesday, versus minus Yuan 152/mt one week ago and minus Yuan ...

Americas: Eastman to lift oxo alcohol prices in Americas by 3 cents in Oct

p>US oxo-alcohol producer Eastman Chemical has announced an October price increase for customers in the Americas, the company said this week. Eastman will hike its 2-EH, 2-EH acid, NBA and IBA prices by 3 cents/lb for buyers in North and Latin America. The increase was set to be ...

China: Sinopec Changling Petchem to hike LPG output by 160% with 8-mil-mt/yr CDU on stream end Oct

p>Sinopec Changling Petrochemical is expected to see its daily LPG output surge from the current 500mt to 800mt in end October, when it would bring on stream an 8-mil-mt/yr crude distillate unit, according to a source with the refinery. The refinery has been increasing LPG output ...

Americas: ISP to increase prices on 1,4 Butanediol and derivatives

p>International Specialty Products Inc. ( ISP ) has announced a North American price increase for 1,4 Butanediol and derivatives, including: N-Methyl-2-Pyrrolidone (NMP), 1-4 Butanediol (BDO), Tetrahydrofuran (THF), and Gamma- Butyrolactone (BLO). The price increase is as follows...

European blending demand for gasoline lends support to butane

p>Butane is receiving support from gasoline blenders ahead of the switch to winter-specification product, trading sources said Wednesday. The price of butane coasters on a FOB basis in Northwest Europe surged from $632.50/mt at the beginning of September to $697.50/mt Tuesday, ...

Americas: Cliffs cuts 2010 legacy coal outlook on issues at Pinnacle mine

p>Cliffs Natural Resources cut its projected 2010 sales volumes from its West Virginia and Alabama legacy coal assets to 2.8 million short tons from the previous 3.4 million st primarily because of "adverse geological condition[s]" at its Pinnacle Mine, "which has slowed ...

EU to finance study on Ukraine gas transit system

The European Union will finance two feasibility studies for upgrades to Ukraine's gas transit system, the president of the European Commission said. The Soviet-era gas transit system crossing Ukraine transports 80 percent of the Russian natural gas bound for Europe. Gas supplies ...

Asia: WoodMac sees significant potential in Indonesian CBM industry

p>Indonesia's coal bed methane industry has significant potential and will play an important role in supplying the domestic market, providing commercial opportunities for investors and potentially changing the gas market dynamics of Asia Pacific, according to a recent report ...

Pentagon to reduce water, fossil fuel consumption

The use of water and fossil fuels by the U.S. Defense Department will decline by more than 20 percent in 10 years, the agency announced in Washington. U.S. President Barack Obama, in an executive order signed in October, called on federal agencies to reduce use of water and ...

Asia: Indian buyers scramble to import LNG to make up for domestic loss

p>Four spot LNG cargoes, at least three term cargoes and a short-term LNG cargo are heading towards India as buyers scramble to import gas to make up for reduced domestic supplies, several sources said late Tuesday. The Panna offshore field suffered an unplanned shutdown July 21, ...

Americas: PG&E denies receiving any calls about gas smell prior to blast

p>Pacific Gas & Electric did not receive calls from residents complaining of smelling natural gas odors in the days leading up to a pipeline explosion and fire that claimed four lives in the San Francisco suburb of San Bruno last Thursday, a PG&E spokeswoman said Tuesday, ...

Europe: Germany's EEX to introduce Natural Gas Index in 2011

p>Germany's European Energy Exchange is to introduce a Natural Gas Index in 2011, the exchange said Wednesday. The new index will be based on the front month contracts on the Natural Gas Derivatives Market and all front-month trade transactions carried out at the EEX in the ...
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