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Asia: Mitsubishi Rayon to terminate Its DMF Business in Oct, 2010

p>Mitsubishi Rayon Co., Ltd. announced to stop its DMF business in Oct, 2010 due to shrinking profits resulted by price competitions worldwide. As raw materials prices continued climbing up, cost rose in these days. Meanwhile, since some DMF capacities mushroomed in China market, ...

Oil Spill: BP engineers partly responsible

BP said its own engineers, rig operator Transocean and contractor Halliburton share part of the blame for the explosions on the Deepwater Horizon rig that resulted in the deaths of 11 people and a massive oil spill in the Gulf of Mexico. BP's 4-month internal investigation into ...

Liberia opens oil sector first time after Independence

For the first time since it gained independence over a century and a half ago, Liberia has struck an agreement with a foreign company for the exploration of crude oil in its territorial waters. On 29 August, the government of Liberia announced it had granted Chevron Corp. ...

Oil ends up in New York, IEA raises estimate

World oil prices closed higher for the week in New York mainly after reports of shutdown of a major US oil pipeline that deliverd oil to country's midwest region, causing supply concerns. light sweet crude for October delivery climbed $2.20 to settle at $76.45 a barrel on the ...

Oil spill mishap averted twice in Chilean oil rig

Rescuers called to a Chilean oil rig in the South Atlantic waters averted an oil spill mishap after the installation was engulfed by fire twice in a matter of hours. Argentine navy crews that rushed to the rescue said the rig, operating about 9 miles southeast of Cape Virgenes ...

Americas: US OX contract negotiations held up from sudden MX, tol increase

p>US orthoxylene contract negotiations were extended due to the recent jump in spot mixed xylene prices, an OX contract buyer said Thursday. The OX contract typically follows the 5211 MX contract settlement. The MX CP for September was concluded at 250 cents/gal, up 3 cents/gal ...

Americas: Arch Coal resumes production at Utah's Dugout Canyon: company

p>Arch Coal is resuming production at its Dugout Canyon mine for the first time since June 22, when a buildup of carbon monoxide forced its closure for more than two months, the company said late Thursday. The St. Louis-based coal producer is recalling more than 100 employees who ...

Americas: US EPA requests fracking data from nine service companies

p>The US Environmental Protection Agency on Thursday said it had issued voluntary information requests to nine natural gas service companies regarding the well-stimulation technique of hydraulic fracturing. In a statement, the EPA listed the nine companies as BJ Services, ...

Asia: Australia's top coal port to cut volumes - paper

p>Coal producers shipping through Australia's Newcastle port, the world's largest coal export terminal, have been asked to cut supplies as the port cannot cope with contracted volumes, a newspaper said on Tuesday. Exports from producers, including BHP Billiton (BHP.AX) (BLT.L), ...

Europe: Russia's Gazprom revises up 2010 gas project investments to $29 bil

p>The board of Russia's Gazprom has revised up the company's investment program for 2010 to Rb905.23 billion ($29.32 billion), a nearly 13% rise from Rb802.4 billion approved in November 2009, the gas giant said late Thursday. "The adjustment of the 2010 investment program was ...

Europe: Akzo Nobel to acquire Prime Automotive

Akzo Nobel NV, a Netherlands-based manufacturer of paints, coatings and specialty chemicals, has agreed to acquire PRIME Automotive Coatings Co., Ltd., a China-based producer of car repair paint, water-based road marking paint, plastic paint, automobile paint and automotive wheel ...

China: PetroChina Jilin Petchem takes delivery of newly-built 1.6-mil-mt/yr gasoil hydrogenation unit

p>PetroChina Jilin Petrochemical saw construction of a 1.6-mil-mt/yr gasoil hydrogenation unit complete on Sep 10, a refinery source said, without telling when the unit would come on stream. The unit was designed to process mixture of straight-run gasoil and coked gasoline, as ...

China: Tougher regulations around Asian Games likely delay launch of bonded bunker business in Guangzhou

p>As the government has strengthened regulation over dangerous articles, including oils and related facility around the Asian Games, some companies probably have met with more difficulty in obtaining licenses for bonded bunker business in Guangzhou. SinoBunker's application for ...

China: Gross profit for LPG distributors in Guangzhou climbs on lower ex-refinery prices

p>The gross profit for LPG distributors in Guangzhou has recently climbed notably due to lower ex-refinery prices. Such profit settled at Yuan 1,387/mt on Sep 13, up 20.9% from Yuan 1,147/mt on Sep 3, some data shows. LPG ex-refinery prices in Guangzhou dropped from Yuan 5,680/mt ...

China: Shandong independent refineries' coker run rate slightly up on warmer sales this week

p>Coker run rates in Shandong independent refineries were stable to slightly higher this week. Coker run rate climbed by 1.7 percentage points to 64.7% on week. Petcoke prices went on stable-to-higher track on warm sales this week. Most independent refineries were running at ...

China: PetroChina to ship 1.68-mil mt of distillates to southern China in Sep, down 0.65% on month

p>PetroChina plans to transport by barge a combined 1.68-mil mt of gasoline and gasoil from Northeast China to southern China in September, inching down 0.65% on month, a survey found. The supply of gasoline is 691,000mt, down 0.4% on month, and gasoil declined 0.8% to 987,000mt. ...

Trelleborg Offshore Appoints Innovation Leader

Trelleborg Offshore, the global manufacturer of polymer and syntactic foam-based solutions for the offshore industry, has added to its dedicated innovation team with the appointment of Eric Wallis, as senior vice president of innovation. Wallis, who has 20-years experience in ...

Asia: MDI makers eye higher Oct prices on heavy turnarounds

Asian methyl di-p-phenylene isocyanate (MDI) producers are targeting higher October prices, with spot material likely to be limited by heavy turnaround schedule at regional plants, industry sources said on Friday. Power restrictions in select China provinces were also hampering ...

China's PU Suppliers Respond Positively to ECFA

According to Straits Exchange Foundation(SEF), Cross-Strait Economic Cooperation Framework Agreement (ECFA) came into effect on Sept 12th. At the end of June, the ARATS (The Association for Relations across the Taiwan Straits) and the SEF signed this important agreement in ...

Americas: US mine regulators to focus on ventilation, methane: officials

p>Current and former mine safety regulators expect the US government to increase its focus on airflow at underground coal mines, one of several issues the Mine Safety and Health Administration has flagged in industry bulletins in recent weeks. MSHA has issued eight such program ...
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Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
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world

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IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
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