One of the longest-running energy infrastructure sagas in recent history has finally reached its conclusion after the BP-led consortium that operates the giant Shah Deniz field offshore Azerbaijan snubbed the Nabucco West pipeline in favor ...
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
Leaders from Coca Cola, Coles, Telstra, GraysOnline, Walgreens and the National Broadband Network will come together in Sydney on Wednesday for Australia's leading supply chain and logistics event, the Smart Conference & Expo. Smart 2013 ...
Tags: Service, Smart Service
The Chinese Government has given its final approvals to the BP Global Petrochemicals and its partner Zhuhai Port for the construction of a third purified terephthalic acid (PTA) plant at Zhuhai, Guangdong. Expected to start up in late ...
Tags: PTA Plant, Petrochemicals
British multinational oil and gas company BP and its partner Zhuhai Port have received final approval from the Chinese Government for the construction of a third purified terephthalic acid (PTA) plant, at Zhuhai, Guangdong. PTA is a key ...
Tags: Metallurgy, Mineral, Energy, oil, gas
Gasoil volumes from Northwest Europe have been heading to the Red Sea, rather than from the traditional supply region of Asia, to meet rising demand for power generation in the Middle East, ahead of the Muslim holy month of Ramadan, driven ...
Tags: Gasoil Volumes, Power Generator
Global manufacturer and supplier of high-performance chemistries and materials, Avantor Performance Materials has started production of current Good Manufacturing Practices (cGMP) pharmaceutical chemicals at its new production facility in ...
Tags: chemistries, materials
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Global natural gas consumption rose 2.2% on the year in 2012 to 3.3 trillion cubic meters, but stayed below the historical average increase of 2.7%, while global LNG trade fell for the first time on record, BP said in its annual statistical ...
The first methanol plant in the Caucasus region, owned by Azerbaijani Methanol Company (AzMeCo), is now operational, Chairman of the board of directors of AzMeCo, Nizami Piriyev, has said. Mr. Piriyev said the current capacity of the ...
Tags: Textile
BP has become the second oil and gas major in a day to announce it would have a new chief for its Australian operations, following fast on the heels of a similar announcement by ExxonMobil. Andy Holmes has been appointed president of BP ...
Tags: Exxonmobil, Chemicals
Australia-based medical devices company Uscom has entered into an agreement to acquire New Zealand-based Pulsecor by offering five million fully paid ordinary Uscom shares. Under the terms of the agreement, Uscom will acquire all Pulsecor ...
Kuwait will increase its oil production capacity to about 3.6 million b/d by 2022, according to a study by the emirate's Diplomatic Center for Strategic Studies (DCSS). The official KUNA news agency reported Wednesday that the study said ...
Tags: Oil, Metallurgy, Mineral, Energy
The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices. Platts assessed Chicago unchanged at NYMEX June heating oil futures ...
Tags: Metallurgy, Mineral, Energy, Chemicals