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China finds more oil offshore

Jul 30, 2013 The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers, China National Offshore Oil Corp. said. CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast. The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer. « The successful discovery ...

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China Opens Pipeline to Bring Gas from Burma

Jul 28, 2013 China says it has switched on a new pipeline bringing natural gas from Burma. It

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Sudan delays oil pipeline closure

Jul 25, 2013 Sudan has agreed to delay closing an economically vital pipeline carrying South Sudanese oil, the Ethiopian foreign ministry said on Friday.

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Suncor and other oil producers rebound on optimism that pipeline bottlenecks are beginning to ease

Jul 22, 2013 Suncor Energy Inc. and other Canadian oil stocks have risen twice as much as global competitors after the country

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Illegal tapping blamed for oil pipeline explosion in Mexico

Jul 20, 2013 A pipeline explosion that injured seven people and sent flames and smoke shooting hundreds of feet into the air in central Mexico was caused by illegal tapping, Mexico’s state-owned oil company said. The pre-dawn explosion in a farm field injured four police officers and three firefighters among those called to the scene by a report of an oil leak, the state prosecutor’s office said. Petroleos Mexicanos, or Pemex, issued a statement on its Twitter ...

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A new KMPG report found a lack of supply chain visibility in the metals sector

Jul 16, 2013 A lack of visibility into the supply chain is impacting the sector’s ability to respond to, and recover from, sudden supply chain disruptions. More than half of all metals respondents admitted to having either no visibility or limited Tier 1 supplier visibility, while two thirds said it would take them more than a week to assess the impact of a disruption. http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/global-metals-outlook-2013.pdf

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Deadly Train Accident in Quebec Reignites Rail vs. Pipeline Debate

Jul 11, 2013 A Quebec train disaster that killed at least five people and left about 40 missing promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)

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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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