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China: LPG prices climb in PRD as cargo arrivals delayed by tropical storm

p>Terminals in the Pearl River Delta hiked LPG prices notably Tuesday, as barge cargoes from Sinopec Hainan refinery were delayed by tropical storm "Mindulle". The refinery started to halt LPG loading for barge delivery on Aug 23, likely to resume it on Aug 25. Terminals in the ...

China: ChemChina to start operating oil pipelines for Shandong Changyi Petchem at end of 2010

p>The two oil pipelines linking Shandong-based Changyi Petrochemical with the oil tank farm in Laizhou port will come on line at the end of 2010, according to a source with China National Chemical Corporation (ChemChina), investor of these pipelines. These pipelines comprise one ...

China: PetroChina Lanzhou Petchem to bring on stream 1.8-mil-mt/yr gasoline hydrogenation unit end Oct

p>PetroChina Lanzhou Petrochemical is expected to put a 1.8-mil-mt/yr gasoline hydrogenation unit into production at the end of October, when the refinery's production capacity of Euro III gasoline would be greatly improved, a refinery source said. The refinery plans to start ...

China: Guangdong minor refineries again refine SRFO on stricter inspection on cutback bitumen

p>Guangdong minor refineries again refine SRFO on stricter inspection on cutback bitumen Minor refineries in South China's Guangdong Province had again to refine straight-run fuel oil in August, as the customs strengthened inspection on cutback bitumen, C1's survey found. South ...

Vietnam's PVGAS tenders to seek 22,000mt of refrigerated LPG

p>Vietnam's PVGAS issued a tender late Monday to purchase 22,000mt of refrigerated LPG at a half-to-half ratio for Sep 15-30 delivery to Vung Tau port, traders said. Bids due Aug 24, with validity till the same day. China Chemical Weekly: http://news.chemnet.com/en/detail-1403616...

China: Huafon Spandex Saw 20 Times Increase in Net Profit in H1, 2010

p>Zhejiang Huafon Spandex Co., Ltd. announced its half-year results on August 21th. In the first half of 2010, total operating revenue climbed up by 60.29% year on year to Rmb 825 million while operating profit surged by 23939.96% to Rmb 203 million, with net profit of Rmb 178 ...

America: Evonik To Increase Prices For Select Polyurethane Additives in North America

p>Effective September 15, 2010, the Polyurethane Additives business line of Evonik Goldschmidt Corporation will increase KOSMOS 29 stannous octoate prices by 20% in North America because of rising raw material costs. Prices for KOSMOS 29 dilutions and KOSMOS 19 di-butyl tin di...

China: CNOOC and Shell Petrochemicals PO/SM Facility to Start Maintenance This Week

p>Due to technical fault, CNOOC and Shell Petrochemicals PO/SM facility is predicted to start maintenance this week. The company did not say what caused the problem. Market players thought it would not influence polyether polyols production since major problems existed in the ...

China: New BorsodChem plant to come online in 2011

p>China's Wanhua Industrial Group, minority owner of BorsodChem, said a new isocyanate plant set to come online next year could improve the indebted Hungarian chemicals group's profitability, newspaper Nepszabadsag reported. Wanhua, the largest isocyanate producer in the Asia ...

Qatar: Qatari polyethylene Sep production down, Asia LDPE hit: sources

p>Qatar's production of polyethylene for September shipments is expected to be down, according to sources close to the matter. The cut in low density polyethylene allocation from Qatar Petrochemical Company, or Qapco, in September is expected to increase tightness in Asia. A ...

Thailand: Thai PTT's gas plant excluded from list of harmful projects

p>Thai energy company PTT's sixth gas separation plant has been excluded from the list of projects considered harmful by the National Environment Board and it will now be able to proceed, a PTT spokesman said Tuesday. The gas separation plant was among 76 projects in the Map Ta ...

Mexico: PE offer prices in Mexico increase 2-4% in August: producer

p>Mexico's domestic polyethylene offers increased of 2-4% supported by strong fundamentals, a Pemex source said Monday. "Demand is healthy now, but it is still too early to know if we are going to have another price increase for September since our last price hike happened on ...

Chinese coal-to-olefins plant uses Dow Unipol for PP production

p>The first plant in China to manufacture polypropylene (PP) from coal-generated olefins will utilize Dow's Unipol gas-phase process. The China Shenhua Coal to Liquid and Chemical Baotou Coal Chemical Co.'s Shenhua Baotou Coal Chemicals business started up the 300,000-tons/yr PP ...

China's coal bed methane growth slow but certain: Wood Mackenzie

p>China's coal bed methane growth is currently slow but will account for one-third of unconventional gas supply to the country in the long term, energy consultants Wood Mackenzie said in a recent report titled "China's CBM industry on the lauchpad." CBM is expected to become the ...

Gas marketers want US FERC to reverse ban on 'buy/sell' deals

p>A group of natural gas marketers has asked the US Federal Energy Regulatory Commission to reverse a recent decision that bars so-called buy/sell transactions by intrastate pipelines. The sellers said the prohibition, which was contained in an otherwise minor order, has created ...

UK offshore oil & gas sector warned over falling safety standards

p>UK safety watchdog the Health and Safety Executive said Tuesday it has warned the offshore oil and gas industry over its safety record after the latest safety statistics show a rise in unplanned hydrocarbon releases and major injuries. HSE said there was also a marked rise in ...

British: Mitsubishi buys stake in British Columbia shale gas play

p>Calgary-based Penn West Energy Trust Tuesday said it has agreed to form a 50-50 joint venture with Japan's Mitsubishi to develop its natural gas shale assets in the Cordova Embayment area as well as certain conventional gas assets in the Wildboy area of northeastern British ...

India: Cairn India discovers oil and gas in onshore KG block

p>Cairn India has discovered oil and gas in the Krishna Godavari onshore block in the south India, the company said in a filing with the Bombay Stock Exchange. The company's subsidiary, Cairn Energy India, made the discovery in the Nagayalanka-1z well, encountering a 200 meter ...

Norway's Statoil plans fast-track approach to smaller fields

p>Norwegian producer Statoil is adopting a standardized, fast-track approach to bring small fields into production quicker and cheaper as the make-up of its development portfolio changes. Stale Tungesvik, senior vice president EPN (Exploration and Production Norway) business ...

Regulations to raise cost of deepwater oil drilling

A number of new financial, legal and regulatory developments, coupled with new guidelines from the White House Council on Environmental Quality and the US Department of the Interior, are likely to increase financial and operating costs of deepwater drilling business and reshape ...
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