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Americas: Alaska sues to halt US offshore drill moratorium in state

p>The state of Alaska filed suit Thursday in US District Court to overturn what it called a de-facto federal moratorium on oil and gas drilling in the state's Outer Continental Shelf. Governor Sean Parnell and state Attorney General Dan Sullivan said the Obama administration's ...

Oxea Announces Global Price Increase for Carboxylic Acids and Polyols

p>Oxea will increase list and off-list prices on the products below effective October 1, 2010, or as contracts allow. Product Europe Americas Asia EUR/mt US$/lb US$/mt 2-Ethylhexanoic Acid 50 0.05 110 n-Valeric Acid 50 0.05 110 Neopentylglycol 50 0.05 110 Trimethylolpropane 50 0...

Europe: Ukraine seeks foreign investment in offshore gas exploration

p>Ukraine plans to encourage foreign investment in the exploration and development of natural gas deposits on the Black Sea shelf to improve its energy security, Energy and Fuel Minister Yuriy Boyko said in a statement Thursday. Boyko said the government had already invited a ...

Asia: Macquarie expects Q4 coal, ore price fall to be temporary dip

p>Macquarie Investment Research said in a report Monday that a pullback in iron ore and coking coal contract prices for the fourth quarter may only be a temporary dip as a rebound is expected by the first half of 2011. Steel operating fundamentals now recovering from a low ebb ...

Asia: Kogas in talks for stake in Indonesia's Donggi Senoro LNG project

p>Korea Gas Corporation is in negotiations to acquire a stake in Indonesia's Donggi Senoro LNG project in Central Sulawesi, a spokesman from the South Korean state-owned company said Monday. The talks are underway with Japan's Mitsubishi Corporation, which holds a 51% stake in ...

Europe: Nabucco pre-finance work will quicken Azeri gas sales: MD

p>The pre-finance work that three international banks said Monday they were to carry out on the Nabucco pipeline project will give urgency to gas sales talks, the managing director of Nabucco, Reinhard Mitschek told Platts in a telephone interview. "I expect a heads of agreement ...

Americas: More US LNG projects scrapped as economics become less favorable

p>One by one, developers of US LNG import terminals pulled the plug this summer as overabundant domestic natural gas production turned what had been a challenging outlook for imported gas into an all but impossible business model. The string of scrapped proposals started in May, ...

Europe: New Rosneft president set to boost its loyalty to state: analysts

p>Russia's biggest oil producer Rosneft is likely to become a greater supporter of the government's policy in the oil sector, including expansion into international markets, following the appointment of Eduard Khudaynatov Sunday as its new president, replacing Sergei Bognachikov, ...

Asia: Singapore mulls switch to Euro IV gasoline

p>The Singapore government is in consultation with the oil industry to adopt Euro IV-equivalent emission standards for gasoline-fueled vehicles, but no specific time frame was given, the country's National Environment Agency told Platts recently. "We are still consulting the oil ...

China: Sinopec to outsource 454,000mt of distillates in southern China in Sep, down 3% on month

Sinopec set outsourcing target for gasoline and gasoil in five provincial areas of southern China at 454,000mt in total in September, down 16,000mt or 3% from the previous month, a survey showed. The volume of gasoil was about 275,000mt and gasoline was 179,000mt. Sinopec would ...

Albemarle Names Karen G. Narwold Senior Vice President and General Counsel

p>BATON ROUGE, La./PRNewswire via COMTEX/ -- Albemarle Corporation (NYSE: ALB) announced today that Karen G. Narwold has joined the company as Senior Vice President and General Counsel. Ms. Narwold will assume responsibility for all legal matters related to the corporation on ...

China: NW. China's Shaanxi postpones methanol gasoline popularization plan

Shaanxi Province in Northwest China has put off the plan for spreading use of methanol gasoline, which was originally scheduled to be effective from Oct 1, according to a local government official. "Popularization plan for methanol gasoline was lay on the table due to election of ...

China: Zhejiang Shei Yung Hsin to Start up Phase IV Spandex Project by Mid-Sept

p>According to Zhejiang Shei Yung Hsin Spandex Co.Ltd., its Phase IV spandex facility was predicted to carry out commissioning by mid-Sept. Meanwhile, it was reported that capacity of Phase IV spandex project amounted to around 200-300tons/month. The company was invested by ...

Shell In Talks Over Sale Of Finnish, Swedish Assets

p>LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB) Monday confirmed that it had signed a letter of intent with Finnish energy company St1 last Thursday, to start exclusive talks over the sale of the company's downstream assets in Sweden and Finland. The assets discussed will ...

Finland to build world s first green highway

Scandinavian nation Finland is on the way to build world s first green highway for electric and biofuel-powered cars. According to energy ministry of the Nordic country, the stretch of the E18 European highway, which links Finnish capital city Helsinki to Vaalimaa near the ...

Dana Gas finds fresh gas deposits in Egypt

UAE s natural gas company, Dana Gas said it has discovered a fresh gas deposit in Egypt. According to the largest private sector gas company of the Middle East, the new discovery has been made in South Abu El Naga-1 ST well located in the West El Manzala Concession, which ...

China's CNOOC to sell gas to Guangdong

CNOOC Gas Power Group Ltd, a subsidiary of China National Offshore Oil Corp has signed a gas purchase and supply agreement with Guangdong Provincial Natural Gas pipeline Corp on August 26th. As per report, CNOOC Gas Power will sell all its gas products and output from CNOOC's ...

Oil dips below $74 on sinking demand

Global oil prices dropped below $74 a barrel in Asian trade Tuesday mainly on lower demand with the end of US summer driving season while dollar s gain also hit the black gold. Light sweet crude for delivery in October was seen trading at $73.99 a barrel at 11.30 a.m Singapore ...

Americas: US spot benzene holds ground despite $1.33 drop in NYMEX crude

p>US benzene was holding its ground even in the face of falling energy during Friday trading, sources reported. September started this morning around 290-295 cents/gal ($867-882/mt) DDP USG with FOB parcels at a roughly 2 cent premium. By around 11 am Houston time (1600 GMT), the ...

Asia: Japan's methanol trade not hit by latest Iran sanctions: traders

p>Japanese trading companies will continue to buy and trade in Iranian methanol despite the imposition of new sanctions against the country on Friday, local traders in Tokyo said Monday. Japanese trading houses such as Mitsui, Mitsubishi and Sojitz, offtake directly around 1.2 ...
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