Industry Views of chemicals - Made-in-China.com

European Commission Has Set out Guidelines for Investors on The Unbundling of Electricity

May 20, 2013

The 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

Houston-based Furie Operating Alaska Reached Its Planned Depth of 10,400 Feet

May 20, 2013

Houston-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

Major Chinese Purified Terephthalic Acid Makers Offered Down Their Paraxylene Feedstock

May 17, 2013

Major 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

Oil Complex Shrugged off Largely Bearish US Energy Information Administration Data

May 17, 2013

The 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

US House Republicans on Wednesday Unveiled Two New Bills

May 17, 2013

US 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 ...

Tags: US House Republicans, Oil Drilling, Gas Drilling

BP Has Sought Environmental Approvals From The Australian Federal Government

May 17, 2013

UK 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 ...

Tags: BP, gas

Consol Energy's 3.2 Million St/year Blacksville No. 2 Steam Coal Mine May Not Resume

May 17, 2013

Consol 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

Asian Isomer-MX Xylene Traders Are Eying Opportunities to Make The Reverse Arbitrage

May 17, 2013

Asian 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

Ach Offer Added Packaging Options and Increased Protection of Bottles During Transit

May 17, 2013

Expanded 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 ...

Tags: Packaging, Printing, Chemicals

Some Predictions of Surging Global Production of Light,Tight Oil May Be Overblown

May 16, 2013

Some 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 ...

Tags: Tight Oil Production, Oil Production

OPEC Ministers Should Consider The Needs of The Global Oil Market in a Year's Time

May 16, 2013

OPEC 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

Mediterranean Gasoline Cargo Market Has Strengthened to a $8.50/mt Discount

May 16, 2013

The 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 ...

Tags: Med Gasoline, gasoline cargo market

Shale Gas Could Play a Role in The EU's Future Energy Policy

May 16, 2013

Shale 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

Santos Has Begun Work to Restore Gas Production at The Longtom Field

May 16, 2013

Santos 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

Chevron Phillips Chemical Has Declared a Force Majeure for Its Polyethylene Products

May 16, 2013

Chevron 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

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