Natural gas
Jan 25th, 2011
India’s Solar Power Producers Face Big Challenge
The relatively small scale of India’s largest solar power plant, the 5-megawatt Sivaganga project that constructor Moser Baer brought on stream in the southern state of Tamil Nadu last month, illustrates the enormity of the renewable energy challenge ahead for the world’s third largest energy consumer behind China and the United States.
India has set a...
Jan 25th, 2011
Biofuels
Overview
From the earliest days of internal-combustion engines, technological visionaries dreamed that engines would run on fuel made from plants. Experiments conducted in the 19th century showed that it was possible, and both Henry Ford and Rudolf Diesel supported the notion. Interest has waxed and waned for decades. These days, it is running high once again,...
Nov 9th, 2010
Imerys Pigments for Paper North America to Increase Kaolin and Calcium Carbonate Prices by 5 to 7%
/Lesprom Network/. Imerys Pigments for Paper North America announces price increases for kaolin and calcium carbonate, effective January 1, 2011, subject to any provisions in individual customer contracts.
The prices of kaolin produced in the USA and Brazil, including calcined kaolin products, will increase by 5 to 7%. The prices of ground calcium carbonate will increase...
May 25th, 2010
US Chamber Tries to Put Number on Energy Security
The U.S. economy will face increasing risks in coming years from higher overall energy prices, bottlenecks in electricity transmission and higher oil costs, according to a new study.
The study, by the U.S. Chamber of Commerce’s energy-policy group, is slated to roll out this week with the aim of producing a data-driven definition for the politically...
May 11th, 2010
U.S. Agency Lets Oil Industry Write Offshore Drilling Rules
WASHINGTON — The oil industry, not the federal agency that regulates it, plays a crucial role in writing the safety and environmental rules for offshore drilling, a role critics say reflects cozy ties between an industry and its regulators that need to be snapped.
Nearly 100 industry standards set by the American Petroleum Institute are included...
Mar 23rd, 2010
Enbridge Pushes into U.S. Natural Gas Liquids
Enbridge Inc. plans to expand into the natural gas liquids shipping business, tapping the potentially huge resources of the U.S. Marcellus shale gas play to fill fractioning plants in the U.S. Midwest.
The oil pipeline giant said Monday it will hold an open season mid-year to gauge interest from producers in the Pennsylvania-West Virginia region in...
Feb 17th, 2010
Oil Hovers Above $77 Amid Improving US Economy
SINGAPORE - Oil prices hovered above $77 a barrel Wednesday in Asia after surging the previous day amid expectations a growing U.S. economy will fuel increased crude demand.
Benchmark crude for March delivery was up 37 cents at $77.38 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract...
Jul 20th, 2009
GAIL to Focus on Petrochem, Gas Network and Distribution for Future Growth
GAIL India has outlined natural gas (transmission), petrochemicals and city gas distribution (CGD) as focus areas of future growth, to achieve the revenue target of over Rs 50,000 crore by 2011-12.
On the petrochemicals front, GAIL India is expanding the capacity of its petrochemical plant at Pata in phases, from the initial 5,00,000 tpa to 8,00,000...
Jul 16th, 2009
China Assoc Wants Government To Limit Shell Coal Tech Buys
SHANGHAI -(Dow Jones)- The China Petroleum and Chemical Industry Association has asked the central government to limit the purchases of Royal Dutch Shell PLC’s (RDSA) “still immature” coal gasification technology, the CPCIA-run National Petroleum and Chemical Net said on its Web site Wednesday.
Of the 23 units in China using Shell’s coal gasification, only half are...
Jul 14th, 2009
Polypropylene Industry to 2015
The Asia Pacific region has more than ten million tons of planned capacity additions accounting for more than 50% of the global planned capacity additions until 2015, as per Global Markets Direct. The demand growth in rapidly developing economies of China and India are the reasons for the rapid capacity build up in the region....
Jul 6th, 2009
India’s Hydrocarbon Profile Sees a Sea Change
Daily gas production has already crossed oil production figures.
India’s hydrocarbon profile is on the cusp of a major change — the country is becoming more of a natural gas producer than a crude oil producer.
Consider this: While India’s current oil production is around 660,000 barrels a day, that of gas has touched 676,000 barrels of...
Jul 1st, 2009
Oil Rises to Near $71 in Asia
Oil prices rose to near US$71 a barrel Wednesday in Asia as a drop in U.S. crude inventories suggested demand may be picking up.
Benchmark crude for August delivery rose $1.09 to $70.98 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. On Tuesday, it dipped $1.60 to settle...
Jun 25th, 2009
Joint Natural Gas Projects Benefits China, Turkmenistan
Visiting Chinese Vice Premier Li Keqiang said in Ashgabaton Wednesday that the joint natural gas projects between China and Turkmenistan serve the fundamental and long-term interest of both peoples.
Li made the remarks during a video conference with the Chinese and Turkmenistan’s workers of China National Petroleum Corporation International (Turkmenistan). The workers had been busy with...
Jun 23rd, 2009
Naphtha Exports from India Rise in July, Unable to Satiate Demand
Premiums on naphtha cargoes for July lifting from India on free-on-board (FOB) basis have increased to US$25/ton- an 80% increase in premiums as compared to June. This price hike can be attributed to a tight naphtha supply situation despite increased run rates in Northeast Asian plants, mainly because of drastically reduced volumes of exports from...
Jun 19th, 2009
India Petrochemical Industry to Fare Better than Competitors
The Indian polyolefins market is expected to slow in Q2 ‘09 and Q3 ‘09 due to a decline in demand from industrial consumers, while some proposed projects have been thrown into doubt as financing difficulties and a deteriorating market environment have hit the petrochemicals industry, according to BMI’s latest India Petrochemicals Report.
The completion of Reliance...
Jun 16th, 2009
GAIL’s Petrochemicals Plan on a Slow Wicket
State-run GAIL India may have put its mega petrochemicals plan on the backburner because of falling global demand.
GAIL had planned to set up two new mega petrochemicals plants - one overseas and one in India — but the fall in demand for polymers may have slowed the process.
“Economic slowdown is affecting and naturally we are...
Jun 15th, 2009
WSJ: China’s Sinopec in Talks to purchase Addax
Chinese refiner,China Petroleum & Chemical Corp. (SNP: News )or Sinopec is in talks to purchase Switzerland based Addax Petroleum, a small explorer with oil fields in Iraqi Kurdistan and West Africa, reports Wall Street Journal Sunday.
Citing a person familiar with the matter, the report said that Addax, whose shares are listed in London and...
Jun 2nd, 2009
Preliminary Plans by CNOOC to Build Petrochem Plants and Offshore Facilities in Fujian
China National Offshore Oil Corp (CNOOC) has outlined preliminary plans to build petrochemical plants and offshore engineering facilities in Fujian province, in a move to aggressively expand into refining and petrochemical business. CNOOC is exploring establishing a large petrochemical base and commercial reserves of both crude and petroleum products in Ningde, Fujian province.
Among CNOOC’s existing...
May 15th, 2009
LANXESS Set to Start its Largest Production Site in India
LANXESS India Private Limited, the Indian subsidiary of specialty chemicals company LANXESS, is on track to start up its largest production site in India at Jhagadia, Gujarat state by 2010. With an investment of around EUR 50 million, the site will have a new ion exchange resins plant and a rubber chemicals plant, which is...
Apr 24th, 2009
China Petrochemical Sector Sends Clear Signals of Warming Up in Q1
China’s petrochemical sector has shown marked signs of warming up in the first quarter, according to the latest statistics from the Ministry of Industry and Information Technology. The combined crude oil, natural gas and product oil output of the coun try’s four major oil producers went up 10.6 percent, 5.5 percent and 1 3.7 percent...