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Norinco May Postpone $14 Bln Refinery Plan Despite Approval
(Friday, August 28, 2015) China's North Industries Group Corp, a state-run defense conglomerate that also invests in oil and gas, may postpone a multi-billion dollar plan to build a refinery because of a capacity overhang, industry sources said.
Qatar and PetroChina Alter LNG Supply Deal, Winter Spot Price Fallout
(Wednesday, August 26, 2015) The concession to PetroChina fits Qatar's recent pattern of adapting to long-term buyers needs.
Sinopec Profit Drops as Oil Slump Counters Higher Refining
(Wednesday, August 26, 2015) China Petroleum & Chemical Corp., Asia's biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as the slump in prices outweighed the benefit of cheaper crude to its refining business.
Shell and Thai Firms to Develop LNG Terminal in Myanmar's Dawei SEZ
(Tuesday, August 25, 2015) Shell enters deal with Thailand-based companies to develop a liquefied natural gas terminal in Dawei special economic zone in Myanmar.
GM China Joint Venture Building $470 Mln Green Car Plant
(Monday, August 24, 2015) A General Motors Co joint venture in China will invest 3 billion yuan ($470 million) to build a factory dedicated to green cars, a spokeswoman said on Monday.
China Chemical Safety Problems Highlighted Before Tianjin Blasts
(Monday, August 24, 2015) Several warnings preceded the deadly blasts at the Chinese port of Tianjin, including a state-backed research paper highlighting the risk of "grave accidents and casualties" in the chemicals sector.
Gas Golden Age Fades as Supply Boom Meets Japan Nuclear Rebirth
(Friday, August 21, 2015) Japan's return to nuclear power after the 2011 Fukushima disaster and China's economic slowdown are undermining the demand that prompted the International Energy Agency to envision a golden age four years ago.
China's July Iran Oil Imports Rise 3 Pct On Year - Customs
(Friday, August 21, 2015) China's crude oil imports from Iran rose in July from a year earlier, official customs data showed on Friday, as crude imports in the world's largest energy consumer hit their second highest level on record.
Chinese Trading Rivalry Ruffles Asian Oil Markets
(Friday, August 21, 2015) An intensifying rivalry between China's two top oil traders Chinaoil and Unipec is whipsawing Asia's oil market, pitting the state-owned firms against each other in a battle for control of the region's crude benchmark.
China Halts Operations of 3 Oil, Gas Facilities Close to Residences
(Thursday, August 20, 2015) Three Chinese energy firms were told by local authorities in China to halt operations, after massive blasts at a warehouse in Tianjin last week raised public concerns.
Mitsui Chem to Reduce Cracker Runs for Maintenance
(Thursday, August 20, 2015) Japan's Mitsui Chemicals Inc said on Thursday it would reduce the run rate of its 500,000 tonnes per year naphtha cracker in Osaka, western Japan, between Sept. 6 and Sept. 12.
Russian-Chinese Gas Pipeline Cancellation Offers LNG Opportunities
(Tuesday, August 18, 2015) Project cancellation provides space for LNG suppliers, energy researcher tells DownstreamToday.
Shell in Framework LNG Deal with Private Chinese Firm
(Tuesday, August 18, 2015) Shell enters a framework deal with a Chinese energy firm to jointly purchase and distribute liquefied natural gas, Shell says, a rare cooperation between a global energy company and a local private player.
Fukushima Operator's Mounting Legal Woes to Fuel Nuclear Opposition
(Monday, August 17, 2015) Four and a half years after the Fukushima disaster, and as Japan tentatively restarts nuclear power elsewhere, the legal challenges are mounting for the crippled plant's operator.
Ethanol Acts as Lone Bright Spot Amid China Commodity Gloom
(Monday, August 17, 2015) Recent news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluaGion all signaling weaker demand.
Tianjin Ship Disruptions Persist as Some Oil Cargoes Barred
(Friday, August 14, 2015) Shipping and logistics companies reported delays and disruptions after the deadly explosion at the Chinese port of Tianjin as some oil cargoes were still barred from one of its wharves.
China Defends Initial Response to Chemical Fires after Port Blasts
(Friday, August 14, 2015) China on Friday defended fire fighters who initially hosed water on a blaze in a warehouse storing volatile chemicals, a response foreign experts said could have contributed to two huge blasts that killed 56 people.
Huge Blasts at Chinese Port Kill 50, Injure More Than 700
(Thursday, August 13, 2015) Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 50 people, including at least a dozen fire fighters, officials and state media said.
Britain Calls for Freedom of Navigation in South China Sea
(Wednesday, August 12, 2015) Britain's top diplomat called for freedom of navigation and overflights in the disputed South China Sea on Wednesday but stopped short of criticizing China.
China Strengthens Hold Over Oil Market as Price Maker
(Tuesday, August 11, 2015) China's growing ability to buy and sell millions of barrels of crude oil on the Asian physical market in a matter of minutes through its main trading firms has given China so much clout that other traders are often forced to follow its agreed prices.