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China: Calcined petcoke processing margins fall on increasing feedstock costs

Processing margins of calcined petcoke of all grades dropped across the board this week. Green petcoke prices inched up in Shandong and North China, bringing up feedstock costs for mid-sulfur calcined petcoke. Moreover, pressured by sluggish sales, processing margin of mid-sulfur ...

Asia: Petronas has no plans to up China Group III base oils supply

p>Malaysia's Petronas had no plans to increase supply of Group III base oil to China, despite booming demand there, because of limited feedstock availability, a company executive said. China's demand was expected to triple by 2015, but the company would not be expanding capacity ...

Americas: MEGlobal Released MEG Oct Contract Price Last Weekend

MEGlobal released Oct contract price of MEG last weekend after SABIC announced its Oct contract price. MEGlobal s Oct Contract price rose slightly by $40/ton from $870/ton in Sept to $910/ton (CFR), which was $10/ton higher than SABIC s. Established in 2004, MEGlobal is a joint ...

Bayer MaterialScience Develops Green Shoe Concept

Bayer MaterialScience has developed a unique concept for a green shoe that uses a whole host of sustainable materials and technologies. These include renewable polyurethane feedstocks, raw materials for solvent-free coatings and adhesives, and a polycarbonate blend and thermoplas...

Dow Launches VORAFORCE Composite Systems New Powerful Solutions for Demanding Needs

Dow Formulated Systems, a global business unit of The Dow Chemical Company (Dow), announced the launch of its brand new VORAFORCE Composite Systems. VORAFORCE Composite Systems offer both epoxy- and polyurethane-based solutions that significantly ease the innovation path for ...

China's Legend Holdings to invest $2.67 billion in chemical base

p>China's Legend Holdings plans to invest Yuan 18 billion ($2.67 billion) to build a 1 million mt/year alkene and fine chemicals base in Zaozhuang, a city in eastern Shandong province, the company announced late Tuesday. The project will be carried out in two phases -- the first ...

CNOOC has been prepared response to face the incidents similar to the Gulf of Mexico oil spill

2010 China Petroleum & Chemical International Conference exclusive live report! CNOOC has been prepared response to face the incidents similar to the Gulf of Mexico oil spill. Shouwei Zhou, Deputy General Manager of CNOOC said that, bp Gulf of Mexico oil spill sounded the alarm ...

US oil companies spend more on pipelines

Energy companies in North America are spending more on new oil pipelines to the detriment of aging structures underground, an advocate warned. Canadian pipeline operator Enbridge is scrambling to deal with a series of failures on its oil pipelines in the United States. Josh ...

Sanctions to hit Iran's crude oil market

International and unilateral sanctions on Iran could be having an impact on the crude market in the Islamic republic, an energy watchdog said. The U.N. Security Council in June passed new sanctions on Iran as punishment for its controversial nuclear program. The United States and ...

Shell plans advanced CO2 capture project

Carbon dioxide captured from the production of oil sands in Canada will allay environmental concerns associated with development, Shell said. Shell announced Wednesday that it started an expansion project tied to its operations at the Athabasca oil sands project. Production at ...

South Stream project attracts Bosnia Serb Republic

Former Yugoslav province of Bosnia Serb Republic has expressed interest to join the South Stream gas pipeline project. According to Bosnia Serb Republic Prime Minister Milorad Dodik, the country plans to build a 480 kilometer pipeline in northern Bosnia with capacity of up to 1.5 ...

US Congress to probe Enbridge pipeline leak

U.S. congressional leaders said Wednesday they will probe Canadian pipeline company Enbridge about defects uncovered on its Lakehead pipeline system. A federal review conducted by the Detroit Free Press found that inspectors uncovered three defects in the past five years on the ...

Iran gasoline production up despite sanctions

Gasoline production in Iran is moving ahead with a sense of urgency, the country's petroleum minister said from Tehran. Sanctions imposed unilaterally by the United States and the European Union in July target the Iranian energy sector in an effort to persuade Iran to abandon its ...

China: Operation rate of Guangdong minor refineries rises to 14%, up 1 percentage point on week

p>Minor refineries in South China's Guangdong Province ran at 14% on average Thursday, up 1 percentage point from one week ago, 2 percentage points higher than a year earlier, a survey found. Five refineries were in operation at present, with feedstock throughput totaling 4,800mt ...

Researchers find oil in Gulf seabed

Core samples taken from the floor of the Gulf of Mexico up to 80 miles from the Macondo oil well have found what appears to be an oil layer, a scientist said. Samantha Joye of the University of Georgia told CNN researchers have taken samples from 2 miles to 80 miles from the well...

Europe: Barents Sea development 12-15 years away: Russian Minister

p>Russia will not start developing hydrocarbon reserves in the Barents Sea and Arctic Ocean for more than a decade, Russia's Minister of Natural Resources Yuri Trutnev said late Wednesday. "The most optimistic time frame for the development is 12-15 years away," Trutnev told ...

China: S. China's fuel oil imports estimated to be flat at 300,000-350,000mt in Sep: on month

p>South China is forecast to import 300,000-350,000mt of fuel oil during September, flat from the statistic for August, 19% less than 402,000mt in the same period last year. As for Sep 16, main importer Guangdong Province has received four cargoes of fuel oil imports, totaling ...

China: PetroChina Kunlun Gas to take over LPG wholesale business of Daqing Oilfield Fine Chemical Plant

p>PetroChina Kunlun Gas is expected to take over LPG wholesale business of Daqing Oilfield Fine Chemical Plant in the near future, a source with the latter said, adding detailed date is yet to be fixed. LPG produced by Daqing Oilfield Fine Chemical Plant is normally used as ...

Americas: Brazil to end fuel imports by 2014 on new refining capacity:Costa

p>Brazilian imports of petroleum products such as diesel and jet fuel will end by late 2013 or early 2014, when state-led oil company Petrobras expects to be operating several large new refineries, the company's refining chief, Paulo Roberto Costa, said Tuesday. The new ...

China: Shandong independent refineries run at 38.4% Thu, down 5.1 percentage points on week

p>Operation rates of independent refineries in Shandong Province averaged 38.4% Thursday, down 5.1 percentage points from one week ago, up 5.8 percentage points compared to one year ago, a survey found. Weifang Hongrun Petrochemical Auxiliary recently shut two crude distillate ...
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