. Medical and Hospital News .




.
ENERGY TECH
Nexen shareholders approve takeover by China's CNOOC
by Staff Writers
Ottawa (AFP) Sept 20, 2012


Nexen shareholders on Thursday overwhelmingly approved Chinese state-owned energy giant CNOOC's $15.1 billion takeover bid for the Canadian oil and gas company.

A new public opinion poll, however, shows Canadians strongly opposed to the deal, which has yet to be approved by regulators.

The proposed takeover would be China's largest foreign investment and its largest energy deal, according to data firm Dealogic.

"The arrangement was approved by approximately 99 percent of the votes cast by Nexen common shareholders and approximately 87 percent of the votes cast by Nexen preferred shareholders at the special meeting held on September 20, 2012," said a Nexen statement.

An Abacus Data poll conducted for the Sun newspaper group, however, found 69 percent of Canadians oppose the takeover. Only eight percent said they want to see Ottawa greenlight the deal.

"The gut reaction of the public is just simply 'no'," pollster David Coletto told Sun News.

About 15 percent of respondents cited China's poor human rights record in rejecting the deal, while others oppose it "on strategic grounds, that this is not a resource we should be giving up to foreign companies -- any foreign company," Coletto said.

The Abacus Data survey with a 2.9 percent margin of error was conducted online with 1,208 participants between September 14 and 18.

Oil prices mixed amid China demand worries, better US data
London (AFP) Sept 20, 2012 - Oil prices were mixed on Thursday after recent sharp falls as investors weighed prospects of weaker energy demand by China against slightly improving US jobs data.

Brent North Sea crude for delivery in November gained 76 cents to $108.95 a barrel in late London deals, a day after Brent futures closed down almost four dollars on talk that Saudi Arabia was boosting crude supplies.

New York's main contract, light sweet crude for October dipped 13 cents to $91.85 a barrel after shedding more than three dollars on Wednesday.

Official data published Thursday showed new claims for US unemployment insurance benefits fell slightly last week to stand at 382,000. The United States is the world's biggest consumer of oil.

Crude prices had meanwhile fallen by about a dollar in London and New York earlier in the day after data showed manufacturing activity in the world's largest energy consumer China contracting for the 11th straight month.

Analysts said recent price support won from the US Federal Reserve's decision last week to embark on a third round of exceptional stimulus measures, or quantitative easing (QE3), had tailed off.

"The extended losses are hinting more and more that the bullish impact of QE3 had already been priced into the market for several weeks (ahead of the announcement) and that the focus is now on weaker global economic growth indicators," JBC Energy research group said in a note to clients.

Crude demand worries were stoked after British banking giant HSBC released data showing China's manufacturing sector still stuck in a rut, said Justin Harper, a strategist at IG Markets Singapore trading group.

"The China data has pushed down commodities after HSBC's flash PMI showed contraction for another month," he told AFP.

"Oil has been on the receiving end of this negativity towards the Chinese economy and more evidence of its continued slowdown. China is a major consumer of oil and any slowdown in its economy worries traders about future demand."

The preliminary reading of the purchasing mangers' index (PMI) for China released by HSBC hit 47.8 this month, a mild improvement from a final reading of 47.6 in August, the bank said in a statement.

But the latest reading marked nearly a year of continuous contraction since November, underscoring broader economic weakness and shrinking demand in key overseas markets.

The index is closely watched as it gauges nationwide manufacturing activity, a key sector of the world's second-largest economy. A PMI reading above 50 indicates expansion, while anything below 50 points to contraction.

China's official PMI figure for August released earlier this month hit a nine-month low of 49.2.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


Lightning strike sparks fire at Venezuela refinery
Caracas (AFP) Sept 20, 2012 - A lightning strike ignited a fire at a Venezuela oil refinery, officials said Wednesday, less than a month after an explosion at the country's biggest refinery killed 42 people.

The fire "is under control and in just a matter of hours we will extinguish it completely" with the help of 120 firefighters, said Asdrubal Chavez, vice president of Venezuela's state oil company, PDVSA, in a television interview.

The official said the lightning struck two gasoline storage tanks overnight in the El Palito refinery, in Puerto Cabello in the northern state of Carabobo.

Chavez said the fire was out in one tank and the other was still burning.

El Palito has a capacity of refining 140,000 barrels of crude oil a day, according to PDVSA's website.

Last month, a gas leak at the Amuay refinery triggered an explosion that killed 20 members of a national guard unit assigned to protect the facility, along with some members of their families.

The fire spread to three storage tanks before being brought under control three days later. The refinery, Venezuela's biggest, had resumed operations by the end of that week.

President Hugo Chavez has ordered an investigation into the cause of the massive explosion -- the worst in the history of Venezuela's oil industry -- while brushing aside accusations of declining maintenance and safety at the plant.

Venezuela has the largest oil reserves in the world. Its reserves, which the government estimates at 297.57 billion barrels, surpass those of Saudi Arabia, which has the biggest refining capacity.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Japan calls for reform of LNG markets
Tokyo (AFP) Sept 19, 2012
Resource-hungry Japan called Wednesday for a revamp of the world's LNG market, as it ramps up its hunt for new sources of energy for a country badly scarred by the Fukushima disaster. Industry minister Yukio Edano said Liquefied Natural Gas was set to be a huge growth sector over the coming years, and the regionally stratified market for it produced huge price disparities. He said Japan' ... read more


ENERGY TECH
Norway supplies $168M for famine relief

Haunting 'Land of Hope' part shot on location in Fukushima

Japan slams brakes on $63 billion in spending

25 killed in ammunition depot blast in western Turkey: army

ENERGY TECH
ITT Exelis announces new capability in GPS interference, detection and geolocation

Countdown: a month to go to Galileo's next launch

Monitech Announces Zero-Installation Tracking System for Automotive Industry

Lockheed Martin and Raytheon Complete First Launch Exercise for Next Generation GPS Satellites

ENERGY TECH
Some gains but many mysteries as Alzheimer's epidemic looms

Stress breaks loops that hold short-term memory together

How early social deprivation impairs long-term cognitive function

Mapping a genetic world beyond genes

ENERGY TECH
Study of giant viruses shakes up tree of life

Britain grants first licence for badger cull

US zoo gets quick peek of newborn panda

Giant panda in Washington zoo gives birth

ENERGY TECH
Cambodians fight malaria with the push of a button

Elton John cites US discrimination of HIV inmates

Yosemite extends hantavirus alert to 230,000

Precautions for Tick-Borne Disease Extend "Beyond Lyme"

ENERGY TECH
Chinese man wrongly sent to labour camp: panel

H.K. students protest over 'brainwashing' classes

China villager bombs local government office

China's Wen says property controls still needed: Xinhua

ENERGY TECH
Chinese, US ships conduct joint anti-piracy drill

China, US conduct joint anti-piracy drill: Xinhua

Nigeria navy retakes control of hijacked oil tanker

EU Naval Force Somalia warns ship owners

ENERGY TECH
China pledges continued support to resolve euro crisis

Digital initiative aimed at helping world's poor

US finance sector warned of cyber attacks

Bank of Japan easing total hits $1 trillion


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement