China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...
Tags: China, crude oil, refined oil products, energy development
Methanex Corporation and Chesapeake Energy Corporation announced the execution of a 10-year agreement to supply all of the natural gas required for Methanex's one million tonne per year methanol plant in Geismar, Louisiana. Commencement of ...
Tags: Methanex Corporation, Chesapeake Energy Corporation, natural gas
In 2011, the United States became the world’s largest producer of natural gas, growing by 7.7% between 2010 and 2011. That represented the largest volumetric increase in the world, according to BP’s Statistical Review of World ...
Tags: natural gas, Natural Resource, gas industry
China on Monday announced the results of its second shale gas bidding round, awarding the 19 blocks on offer to 16 domestic companies. The winners were announced at a press conference held by the Ministry of Land and Resources. ...
Tags: China, shale gas bidding, gas industry
During the panel discussion at the SteelOrbis Market Talks Meeting held in Izmir on January 16, Mehmet Zeren, general secretary of Turkey's Steel Pipe Manufacturers Association, said that Turkey ranks first in Europe and fifth in the world ...
Tags: SteelOrbis Market, Izmir, Turkey, Steel Pipe Manufacturers Association
BP on Wednesday raised its estimate of global energy demand in 2030 and predicted that shale natural gas, tight oil and biofuels will play an increasingly important role in meeting the world's energy needs. World energy demand will ...
Tags: BP, global energy demand, natural gas, oil, biofuels
UK-based IGas Energy has successfully completed a share placing announced earlier Tuesday. A total of 24,330,730 new ordinary shares were sold at the placing price of GBP0.95 ($1.52) with new and existing institutional investors, it said in ...
Tags: IGas Energy, energy, company news
Franklin Electric marked the commercial launch of its artificial lift pumping solutions with significant orders from key global customers. Exxaro, a South Africa-based mining group which provided several test sites for the product, has ...
Tags: Pumping Solutions, Energy Systems, artificial lift pumping solutions
Exxaro, a South Africa-based mining group which provided several test sites for the product, has placed an inaugural order for seven complete pumping systems for its Botswana Coal project, while a strategic customer in the northwestern ...
Tags: mining, pumping systems, Coal project
A key Democratic senator on Thursday reiterated his concerns that a study commissioned by the US Department of Energy on LNG exports is "seriously flawed" and should not be used by the agency to grant permits to companies wishing to ship ...
China National Petroleum Corp announced two major overseas acquisitions in mid-December as the oil giant continued its accelerated pace of global expansion. State run CNPC said December 12 it would buy a 10.2% stake in the Browse ...
In early 2010, French owned steel pipe maker V&M Star began building two mills where the Briar Hill works had stood on Youngstown’s northwest side. They were the first new mills in the Mahoning Valley since early last century. This ...
Tags: Steel Pipe Maker V&M Star, Metallurgy, Mineral, Energy
Bloomberg reported that Austrian steelmaker Voestalpine AG said on December 19 it may construct a EUR 500 million factory in the US to benefit from cheap gas. Nucor Corp also plans to start up a USD 750 million Louisiana project in mid ...
Tags: Voestalpine AG, steel, gas, Austria
THE Sinopec Group, the world's fifth largest oil company said that it will jointly study shale gas development with ConocoPhilips in southwest China's Sichuan Basin over the next two years. A statement from Sinopec said the Sinopec ...
Tags: THE Sinopec Group, oil industry, shale gas, ConocoPhilips
A recent pipeline expansion has turned the former import point at Niagara into a net exporter of US gas to Canada, creating renewed price volatility in the process as traders sort through the new market dynamic. On November 1, Tennessee ...
Tags: Gas Border Hub, Niagara, gas, Mineral