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Asia: Australian Dart Energy signs gas sales deal for China CBM project

p>Australia's Dart Energy has taken a step closer to delivering one of China's first commercial coalbed methane projects with the signing of a gas sales agreement for pilot production at its Liulin field, the company said Wednesday. The agreement was struck by state-owned China ...

Middle East: Iran's IPCC tenders to offer 44,000mt of refrigerated LPG

p>Iran Petrochemical Commercial Co (IPCC) issued a tender Friday to sell 44,000mt of refrigerated LPG at a 75:25 ratio for delivery in the first half of September, according to a company source. Bids due Sep 3, with validity till the following day. China Chemical Weekly: http:/...

China: Sinopec Changling Petchem sets Sep crude oil throughput target flat at 290,000mt on month

Sinopec Changling Petrochemical arranged to consume 290,000mt of crude oil in September, flat from the previous month with daily throughput of 9,700mt, said a refinery source. The source also revealed the refinery would bring on stream an 8-mil-mt/yr (160 kbd) crude distillate ...

China: PetroChina Dushanzi Petchem sets Sep crude throughput target flat at 700,000mt on month

p>PetroChina Dushanzi Petrochemical scheduled to refine 700,000mt of crude oil in September, flat with one month earlier, a refinery source said. The source also revealed the refinery's 6-mil-mt/yr old crude distillate unit was still idled, without an exact date for resumption. ...

China: Sinopec to export from S. China 170,000mt of distillates in Sep, up 10% on month

p>Sinopec plans to export a combined 170,000mt of distillates produced by subsidiary refineries in South China in September, up nearly 10% from the previous month, according to refinery sources. Gasoline exports are 95,000mt, up 19% on month, while gasoil exports stable at 75...

China: PetroChina Huabei Petchem's 10-mil-mt/yr expansion project gets approval

p>The feasibility report of PetroChina Huabei Petchem's 10-mil-mt/yr oil refining capacity expansion project has been approved by the National Development & Reform Commission, marking start-up of the project, according to a refinery source. The project is expected to be complete ...

China: PetroChina Daqing refinery to refine 59% less crude in Sep on turnaround

p>PetroChina Daqing refinery plans to process 120,000mt of crude oil in September, sharply down 59% from the previous month, a source with the refinery said. The refinery would not wrap up turnaround until Sep 25, which explained the plunge, according to the source. As reported ...

Europe: Shell Declared End of Force Majeure on Its Polyols Facilities

p>Yesterday Shell Chemical declared end of force majeure on its several polyols production lines in Pernis, Holland. According to the company s spokesman, these facilities were operating smoothly with sufficient stockpiles. The company lifted its declaration of force majeure on ...

Tempur-Pedic Announces Brad Patrick as EVP and Chief Human Resources Officer

p>LEXINGTON, Ky., Sept. 1 /PRNewswire-FirstCall/ -- Tempur-Pedic International Inc. (NYSE: TPX), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today announced Brad Patrick has joined Tempur-Pedic as Executive Vice President and ...

German: RAMPF Group Partner of the Automotive Industry since 30 Years

p>The demands of the automotive industry are well known: light weight parts, more design freedom and less CO2 emissions. Especially plastics are the materials of choice, also at the RAMPF Group based in Grafenberg. The specialist for reactive resin systems, modeling materials and ...

ADB to issue first clean energy bond this month

In its efforts to support renewable energy projects across Asia, the Asian Development Bank said it is planning to issue its first Clean Energy bond. In a statement, ADB said the bond is expected to be issued in September, targeting Japanese retail investors. The bond issue will ...

Europe: Gazprom agrees on further rise in Azeri gas purchases after 2012

p>Russia's Gazprom said Friday it had signed a deal with Azerbaijan's state-run Socar to raise purchases of Azeri natural gas to over 2 billion cubic meters/year starting from 2012. Following a meeting between Russia's president Dmitry Medvedev and his Azerbaijani counterpart ...

Americas: Enviros push administration to maintain US offshore drill ban

p>Environmental groups called on the Obama administration to maintain and even expand limits on offshore drilling, a few hours after an oil and gas production platform exploded in the US Gulf of Mexico on Thursday. The platform owned by Mariner Energy exploded early Thursday in ...

Asia: Pakistan's consumption of jet on the rise after flooding: source

p>Pakistan's consumption of jet fuel has increased sharply over the last month as the government speeds up relief activity across the country following the recent severe floods, boosting demand for the product, an official said. But he added that sales of high-speed diesel and ...

Europe: Uncertainty shrouds Med direction as Turkey silent on 10 ppm move

p>Market sources are starting to express doubts over Turkey's expected switch to ultra low sulfur 10 ppm diesel, as the spread between the 10 ppm market and the 0.1% Mediterranean has widened over recent weeks. "I'm not sure what to think about the Med... There are rumours that ...

Oil slips towards third straight weekly drop

World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand. Light sweet crude for October delivery was seen trading at $74.81 a barrel at 11.30 a.m Singapore time while Brent crude declined to $76...

Computer models predicted oil spill movements

Scientists in California say they were successful in predicting the spread of oil from the Gulf of Mexico spill and when and where it would wash ashore. Researchers at the University of California, Santa Barbara, used computer models to describe how slicks of oil tend to be ...

Gold, oil end lower again in New York

Oil and gold prices closed lower again for a third straight week as number of market trends turned against these hot commodities towards the end. The black gold dipped as a disappointing service sector report and fading Hurricane Earl offset the better-than-expected jobs data ...

China: Shell Announces Successful Turnaround and Debottlenecking at CSPCL, Nanhai

p>Shell Chemicals announced the successful first turnaround at the CSPCL Nanhai petrochemicals joint venture complex in Guangdong, China. Nanhai is a 50:50 joint venture with China National Offshore Oil Company (CNOOC). The turnaround was completed while simultaneously carrying ...

Lithuania to set up natural gas trading bourse

Lithuania's Energy Ministry has drawn up guidelines to establish a Lithuanian natural gas trading exchange. The guidelines, which define the main trading principles for the gas exchange as well as participants and their roles have been submitted to the government for approval, ...
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