Category: Asia

TransCanada exec says Asian markets an option

A Canadian executive overseeing a plan to build a 1,700-mile oil pipeline from Canada to Texas says Canadian oil producers will look to Asian markets if the U.S. government fails to approve the Keystone XL pipeline project.  More »

OPEC to boost shipments to nine-month high

The Organization of Petroleum Exporting Countries will boost shipments to their highest since before the Libyan uprising to meet rising demand in Asia, according to tanker-tracker Oil Movements.  More »

Mountains limited spread of fallout from Fukushima

A map of radioactive contamination across Japan from the Fukushima power plant disaster confirms high levels in eastern and northeastern areas but finds much lower levels in the western part of the country, thanks to mountain ranges, researchers say  More »

China, US companies test-fly biofuel-powered plane

A jumbo jet powered by fuel made from oily nuts made a two-hour test flight Friday as part of a U.S.-Chinese renewable energy partnership.  More »

Cheapest gas spurs Canadian LNG boom for Asia

The record difference between the price of Canadian natural gas and the amount Japan pays for LNG is making it more attractive to import the fuel from Canada than Australia.  More »

Valero’s stock not showing signs a bid is imminent

Valero’s shares were up in a rising market, but should have jumped more if Reliance Industries of India is set to make a bid for the company, one expert said.  More »

Exxon profits up 41 percent

The Irving based oil giant reported third quarter net income of $10.3 billion thanks to higher oil prices and better refining margins.  More »

Indian refining giant to bid for Valero, British newspaper says

An energy and manufacturing conglomerate based in India is set to make a bid for San Antonio refiner Valero Energy Corp., a British newspaper reported Wednesday.  More »

Ambani armed with $12.6 billion to buy assets as energy valuations slump

Billionaire Mukesh Ambani’s Reliance Industries is poised to use its record cash for overseas acquisitions to take advantage of the cheapest valuations of oil and natural gas companies in three years as profit growth slows.  More »

Paper shows Japan feared aftershocks at nuke plant

Japan feared three months after the Fukushima nuclear power plant was hit by a tsunami that aftershocks could further damage one of its fuel storage pools, causing rods inside to melt and spew radiation within hours, according to a newly released document.  More »

IAEA team praises Japan after Fukushima visit

A team of experts from the International Atomic Energy Agency praised Japan on Friday for steps it has taken to reduce radiation exposure for the public, particularly children, near the crippled Fukushima Dai-ichi nuclear plant.  More »

Coal India may face more strikes

Workers at Coal India Ltd., the world’s biggest producer of the fuel, may go on strike for three days, demanding an increase of as much as 57 percent in bonus payments.  More »