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European Commission Has Set out Guidelines for Investors on The Unbundling of Electricity
May 20, 2013The European Commission has set out guidelines for investors on the unbundling of electricity and gas grids, setting out when investors can own grid assets as well as interests in gas or power supply, generation or production activities. ...
Tags: European Commission, Chemicals
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Houston-based Furie Operating Alaska Reached Its Planned Depth of 10,400 Feet
May 20, 2013Houston-based Furie Operating Alaska reached its planned depth of 10,400 feet and is making plans to do a natural gas production test in a closely watched Cook Inlet exploration well, state officials said Thursday. Kyle Smith, petroleum ...
Tags: Furie Operating, Cook Inlet Test
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Major Chinese Purified Terephthalic Acid Makers Offered Down Their Paraxylene Feedstock
May 17, 2013Major Chinese purified terephthalic acid makers offered down their paraxylene feedstock Monday as the May PX Asia contract price failed to settle at the end of April. The PX ACP, negotiated monthly between four PX producers and five PTA ...
Tags: PTA, PX Feedstock, ACP
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Oil Complex Shrugged off Largely Bearish US Energy Information Administration Data
May 17, 2013The oil complex shrugged off largely bearish US Energy Information Administration data Wednesday as a rise in equities coupled with a technical bounce halted a four-day slide in June crude futures. NYMEX June crude rallied towards the ...
Tags: Oil Complex, Oil
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US House Republicans on Wednesday Unveiled Two New Bills
May 17, 2013US House Republicans on Wednesday unveiled two new bills aimed at opening more federal lands to oil and natural gas drilling and reforming federal lease sales. The Federal Lands Jobs and Energy Security Act, (H.R. 1965), which was ...
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BP Has Sought Environmental Approvals From The Australian Federal Government
May 17, 2013UK oil and gas major BP has sought environmental approvals from the Australian federal government for a $600 million exploration program in the frontier waters of the Great Australian Bight, off the continent's south coast. BP holds four ...
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Consol Energy's 3.2 Million St/year Blacksville No. 2 Steam Coal Mine May Not Resume
May 17, 2013Consol Energy's 3.2 million st/year Blacksville No. 2 steam coal mine may not resume production for "at least" another 30 days so safety workers can monitor new seals installed to smother a possible underground fire, West Virginia's top ...
Tags: Consol, Consol Energy
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Asian Isomer-MX Xylene Traders Are Eying Opportunities to Make The Reverse Arbitrage
May 17, 2013Asian isomer-grade mixed xylene traders are eying opportunities to make the reverse arbitrage movement from Northeast Asia to the US Gulf Coast given the recent widening of prices between both regions, traders said Wednesday. Several ...
Tags: Asian Isomer-MX, Arbitrage
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Ach Offer Added Packaging Options and Increased Protection of Bottles During Transit
May 17, 2013Expanded polystyrene (EPS) manufacturing company ACH Foam Technologies has gone in for a redesign in a bid to offer added packaging options and increased protection of bottles during transit. The 2-, 6-, and 12-pack EPS foam units are ...
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Some Predictions of Surging Global Production of Light,Tight Oil May Be Overblown
May 16, 2013Some predictions of surging global production of light, tight oil from unconventional source rocks may be overblown, with a of number of environmental and political question marks still hanging over the industry, delegates at a London oil ...
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OPEC Ministers Should Consider The Needs of The Global Oil Market in a Year's Time
May 16, 2013OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...
Tags: OPEC, oil market
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Mediterranean Gasoline Cargo Market Has Strengthened to a $8.50/mt Discount
May 16, 2013The Mediterranean gasoline cargo market has strengthened to a $8.50/mt discount to the Northwest European Eurobob barge market, the narrowest discount since March 22, Platts data shows, following demand into North Africa and potential flows ...
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Shale Gas Could Play a Role in The EU's Future Energy Policy
May 16, 2013Shale gas could play a role in the EU's future energy policy but only if the health and environmental risks are addressed and minimized, EU environment commissioner Janez Potocnik said Tuesday in a speech at the European Economic Congress ...
Tags: Shale Gas, Energy Policy
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Santos Has Begun Work to Restore Gas Production at The Longtom Field
May 16, 2013Santos has begun work to restore gas production at the Longtom field off the southeastern Australian state of Victoria, Longtom owner Nexus Energy said in a statement Tuesday. Nexus owns 100% of Longtom, in Victoria's Gippsland Basin, but ...
Tags: Gas Output, Gas
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Chevron Phillips Chemical Has Declared a Force Majeure for Its Polyethylene Products
May 16, 2013Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to a letter to customers Tuesday that was obtained by Platts. The company said in the letter that the move was caused by a "contingency event" ...
Tags: Chevron Phillips, Polyethylene
