The 12th Shanghai International Petrochemical
Technology and Equipment Exhibition
Opening Countdown:
Days
Background: On October 31, 2012, Chinas National Development and Reform Commission (NDRC) announced the new Natural Gas Utilization Policy (2012 Gas Policy), which came into effect on December 1, 2012. The 2012 Gas Policy is a legal documen......【More】
2013-01-28Development drilling has been concluded while the shallow water phase is more than 80% complete and the onshore gas processing plant is two-thirds complete, the company said. Husky will operate the deepwater portion of the field, including......【More】
2013-01-25Sinopec Corp., Chinas largest oil refiner, saw its oil and gas output rise 4.83 percent year on year in 2012 to 427.62 million barrels of oil equivalent, according to preliminary data released Wednesday. The company filed unaudited business......【More】
2013-01-25BASF, the worlds biggest chemicals maker, said on Tuesday it is planning to build a new plastics plant with China Petroleum Chemical Corporation (Sinopec) in Maoming, south China. The two partners have completed a joint feasibility study fo......【More】
2013-01-24China 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. The 16 domes......【More】
2013-01-24SEOULSouth Korea continued to decrease its imports of Iranian crude oil last year, reducing shipments by more than a third as part of efforts to extend an exemption from U.S. sanctions targeting Tehran. South Korea has agreed to steadily re......【More】
2013-01-23The global oil market tightened last month as demand in China increased and output in Saudi declined. In its latest monthly report, the International Energy Agency (IEA) raised its forecast for global oil demand, with growth this year expec......【More】
2013-01-23Brent futures steadied below $112 per barrel on Monday as the oil markets cooled after last weeks rally as economic worries and concerns of over-supply offset fears of renewed unrest in the Middle East after the Algerian crisis. The Interna......【More】
2013-01-22BASF (BASFn.DE) and Malaysian state-owned oil and gas firm Petronas PETR.UL have decided not to pursue an extension of their partnership to a second specialty chemicals plant after failing to agree on terms. Petronas and BASF concluded that......【More】
2013-01-22Chevron Corp said it entered into production-sharing contracts with Chinese offshore oil company CNOOC Ltd for two exploration blocks in South China Sea as the U.S. oil company looks to grow in the Asia-Pacific region. Chevron China Energy......【More】
2013-01-21
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