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Oversupply forces Chinese steelmakers to react

Jul 03, 2013 Chinese steelmakers are dealing with a substantial oversupply problem that will likely force them to transform the way they do business. A report posted on the China Iron and Steel Association (CISA)’s website on Monday said that a weak economic recovery, low demand, high prices for raw materials and high steel output have caused an oversupply of steel products. The report, which was compiled by the Laigang Group, a major iron and steel ...

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In Canada, new pipeline rules call for minimum $1B clean-up fund for major oil lines

Jul 01, 2013 Companies operating major crude oil pipelines in Canada will be required to have $1-billion available to fund clean ups from any spills, the Canadian government said on Wednesday. Joe Oliver, Canada

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Obama

June 30, 2013 President Obama

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Azerbaijan Gas to Take a Southern Route

June 28, 2013 The developers of a major natural gas field in Azerbaijan have decided that the western end of their export pipeline to Europe should take a shorter, southern route ending in Italy rather than a northern one to Austria, one of the companies competing for the pipeline business said Wednesday. The Austrian energy company OMV, the lead shareholder in the company vying for the northern route, said it had been informed it would not win the ...

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Pipeline spills more than 5000 litres of oil in northern Alberta (Canada)

Jun 27, 2013 A pipeline operated by Pennwest Exploration has leaked more than 5000 litres of oil in northern Alberta and co-ordination of clean-up efforts is being hampered by flooding at the company

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Diluted oil sands crude no more likely to leak from pipeline than other oil, study finds

June 25, 2013 The diluted form of heavy crude from Canadian oil sands fields is no more likely to leak from a pipeline than other forms of oil, an arm of the National Academy of Sciences reported Tuesday. The finding, after an extensive study by the National Research Council, refutes a claim by opponents of the controversial Keystone XL pipeline extension, who contend that the

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China’s first shale gas pipeline coming from CNPC

June 24, 2013 China National Petroleum Corporation (CNPC) will construct China’s first shale gas pipeline, which will be capable of carrying more than 150 million cubic feet of natural gas a day. The pipeline will stretch 57 miles from the Sichuan province to the Yunnan province, where it will connect with an existing pipeline. The gas will come from wells in the Changning black and be transported to the Shuanghe gas processing station, Platts reported. CNPC ...

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Vallourec announces new U.S. plant dedicated to meet North American oil and gas market

June 18, 2013 Vallourec announces the dedication of its new pipe mill to serve, in particular, the North American market for production of shale hydrocarbons. Located in Youngstown (Ohio, United States), within the existing Vallourec Star facility, the new unit further expands the range of Vallourec products manufactured in North America. With an initial annual production capacity of 350 000 t of small diameter seamless tubes, the new mill represents an investment of $ 1.05 billion and employs 350 ...

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