Norway's Statoil on Friday postponed its 2020 output guidance of 2.5 million barrels/day of oil equivalent by up to four years, as it reported a fall in fourth quarter output and an 8% cut in planned investment to $20 billion/year for the ...
Tags: Norway's Statoil, Mineral
The Ugandan government has signed a long awaited deal with UK-based Tullow Oil, Total and China National Offshore Oil Corp, to develop its oil sector, paving the way for the country's first commercial crude production. The pact details ...
Tags: Oil Development, Mineral
China saw its aggregate volume of natural gas imported from overseas jump 25 percent year on year in 2013, approaching one-third of its apparent consumption, a new report has showed. The country imported 53 billion cubic meters of natural ...
Tags: Natural Gas, Chemicals
Rapidly increasing natural gas demand led to a surge in imports to China last year. Total consumption of natural gas last year rose 13.9 percent with total consumption hitting 167.6 billion cubic meters, according to a report by China ...
Tags: Natural Gas, Petroleum
The Chinese government has issued a gasoil export quota of 1.9 million mt to state-owned traders Chinaoil and Unipec, sources said Friday. Unipec, the trading arm of state-owned China Petroleum and Chemical Corp., or Sinopec, is ...
China would see a greater shortage of paraxylene (PX) supply in 2014, says a latest report prepared by the economics and technological research institute under the China Petroleum and Chemical Corporation (Sinopec), according to an article ...
Tags: Px Shortage, Px
China's apparent demand for gas in December rose 14.1% year on year to a record high of 16.26 billion cu m, according to Platts calculations of recently released government data. China does not release consumption data on gas. Platts ...
Tags: natural gas, gas demand
Supply offers nation more import sources, enhances energy security Energy-rich Russia has started delivering crude oil to China as of the beginning of the year after the contract signed between the two countries last June, which will ...
Tags: Oil, energy security
Gazprom expects to sign a long-awaited gas supply contract with China National Petroleum Corp during the planned visit of Russian President Vladimir Putin to China in May, despite the ongoing failure of the two sides to agree on a price for ...
Tags: Gas Supply, China's CNPC
The weekly average intermodal rail volume for January rose to the highest level on record for the month, the Association of American Railroads reported. Intermodal volume reached a weekly average of 236,657 units in January, and total ...
Tags: Transportation, Traffic
BEIJING, Jan. 23 (Xinhua) -- China will see a wider shortage of paraxylene (PX) supply in 2014, a research report warned on Thursday. The supply gap will be up to 9.5 million tonnes in 2014, said a report by the economics and technology ...
Tags: PX, Sinopec, Chemical, environment
China's first direct coal-to-oil project, operated by the country's leading coal producer, Shenhua Group, produced 866,000 tonnes of oil products last year. The direct coal liquefaction line is located in Ejin Horo Banner, Ordos City in ...
Tags: Coal Producer, Oil Products
It may risk becoming an overused term but equipment obsolescence is a very real problem facing an increasing number of operators. Many of whom are reliant upon a mature electrical infrastructure often sweated well beyond the intended and ...
Tags: electrical network, Electrical, Electronics
BioAmber Inc., an industrial biotechnology company producing sustainable chemicals, has signed a take-or-pay contract for bio-based 1,4-Butanediol (BDO) with Vinmar International. Under the terms of the 15-year master off-take agreement, ...
BASF and China Petroleum & Chemical Corporation (SINOPEC) broke ground today on the construction of its world-scale isononanol (INA) plant in Maoming Hi-tech Industrial Development Zone, Maoming, China. At start-up in 2015, the plant, which ...