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Australia's Nexus denies Shell takeover talk after share surge

Australian junior oil and gas producer and explorer Nexus Energy on Tuesday denied reports of a potential A$480 million ($437 million) takeover offer from global major Royal Dutch Shell that sent its share price soaring. "Nexus advises that it has not been approached by any party ...

China: FPCC cancels base oil exports to Mainland China in Jul-Aug on unit blast

Formosa Petrochemical Corporation (FPCC) canceled its base oil exports to Mainland China during end July to early August after a fire hit its refinery in Mailiao of Taiwan, a source with the refinery told C1. A hydrodesulfurizer of the refinery caught fire Sunday night, which ...

China: Global MEG Market Probably to See Surplus Capacities This Year

As the largest consumer of MEG in the world, China would digest out one-third of global MEG consumption in 2010. From 2008-2010, new 2.21 million t/y capacities mushroomed in China while 1.61 million t/y of which had passed the examination and approval. It is predicted that total ...

America: Stepan Reports Second Quarter and First Half Earnings

div align="justify">NORTHFIELD, Ill., /PRNewswire-FirstCall/ -- Stepan Company (NYSE: SCL) today reported second quarter and year-to-date results for the period ended June 30, 2010. Year-to-date net income rose 9 percent to $37.7 million. Second quarter net income declined 13 ...

America: Solutia Reports Second Quarter 2010 Results

div align="justify">ST. LOUIS, /PRNewswire-FirstCall/ -- Second Quarter Highlights -- Net sales of $518 million; an increase of 26% over the same period last year -- Record Adjusted EBITDA of $134 million; an increase of 40% over the same period last year -- Adjusted diluted EPS ...

Tullow makes oil find at Uganda's Ngiri

UK-listed Tullow Oil today said it had found oil at its Ngiri-2 appraisal well in Uganda's block 1. Reservoir quality is similar to the Kasamene field in block 2, where output of 3,500 b/d was achieved during testing in 2009. The Ngiri-2 well is the first of a multi-well ...

2010 International SNG/CBM Summit Meets You Urumchi

In recent years, with the international community s concerns to the global warming issue, as well as the pace of energy saving and emission reduction accelerating and a worldwide energy shortage, the coal-based synthetic natural gas(SNG) and coalbed methane(CBM) industry started ...

China: Nanjing Wanshou Baijiang Liquefied Gas Plant took place a explosive accident

At about 10 o'clock on 28th July morning, Nanjing Wanshou Baijiang Liquefied Gas Plant located at Nanjing Qixia District happened a explosive accident. At present, the accident has resulted in three people died and more than 300 persons cured in hospital, of whom 52 persons were ...

China, India Shift to Gas From Oil in Quest for Clean Growth

Asia is boosting consumption of liquefied natural gas relative to oil as nations from China to India try to pollute less while driving economic growth. The CHART OF THE DAY shows demand for LNG in China and India is growing as much as nine times faster than that for crude, ...

The Third Development Summit Forum of

p>2010 is the last year to implement the "Eleventh Five-Year Plan" and also is the key year to establish the foundation for "Twelfth Five-Year Plan " development. Fluorine Chemical Industry Zones across the country take this opportunity to do well " Twelfth Five-Year Plan ", ...

Swiss: Xstrata sees lower coking coal, thermal output in Q2

Swiss miner Xstrata produced 3.8 million mt of hard coking coal in Australia during the first half of 2010, up 73% compared with the same period last year, although it had significantly lower output in the second quarter than in the preceding three months, the group said Tuesday. ...

Qatar: RasGas supplies first Qatari LNG cargo to Brazil's Petrobras

RasGas Company Limited, or RasGas, a joint venture of Qatar Petroleum and ExxonMobil, Tuesday announced the sale of its first LNG cargo to Brazil's state-led oil company Petrobras in what it said was a significant move by Qatar, the world's biggest LNG exporter. "This is a ...

Global air traffic rebound continues in Jun from 2009 lows: IATA

Global scheduled traffic figures for June continued to show strong demand growth as the industry recovers from the impact of the global financial crisis, the International Air Transport Association said Wednesday. International passenger demand in June was up 11.9% over 12 months...

China supplies 62% more jet to international flight in Jun: GAC

China supplied 342,858mt of jet to international flight in June, swelling 62% from the previous month, showed data from the General Administration of Customs. The volume occupied 56% of the country s total jet exports for June, sharply up 18 percentage points on month. China ...

Nigeria oil reserves down 4.8% due to lull in exploration: DPR

Nigeria's crude oil reserves stood at 31.81 billion barrels at the end of the second quarter, down 4.8% year on year due to the lull in exploration activities by oil companies operating in the country, the Department of Petroleum Resources said in a report released Wednesday. ...

China: Supply glut weighs on LPG prices in Shandong

LPG wholesale prices were pressured by excessive supply in Shandong Province, as availability was rising with some local refineries back into operation from mid-July, C1's survey found. LPG supply from Shandong independent refineries totaled 8,220mt a day on Jul 28, up 8.3% from ...

China: Commercial fuel oil stock in East China drops 5% to 380,000mt

Fuel oil inventories at major commercial tank farms of East China fell to 370,000-390,000mt in total up till Jul 28, down 20,000mt or 5% from one week ago, according to port sources. The volume accounted for 45.2% of the total fuel oil containing capacity of the tank farms. ...

China: Guangdong minor refineries report worse refining losses on low product prices

Refining margins for minor refineries in South China's Guangdong Province aggravated as prices of high-sulfur residue declined, C1's survey found. The margin was minus Yuan 92/mt on average in theory Wednesday, versus minus Yuan 68/mt one week ago and minus Yuan 434/mt a year ...

China: Sinopec Shanghai Petchem to refine 6% more crude oil in Aug

Sinopec Shanghai Petrochemical is scheduled to process 900,000mt of crude oil in August, up 50,000mt or 6% from the previous month, according to a refinery source. The refinery is expected to complete provisional maintenance of 1-mil-mt/yr fluid catalytic cracker soon, which was ...

China: Taiwan's FPCC tenders to buy 22,000mt of refrigerated LPG

Taiwan's Formosa Petrochemical Corporation issued a tender Wednesday to purchase 22,000mt of refrigerated LPG at a half-to-half ratio for Aug 16-31 delivery, traders said. Tender closes Jul 29, and will remain valid till the same day.
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