CNPC's C$499 Million Deal Still Valid

Source: Reuters 8/24/2009, Location: Africa
Oil & Gas Companies

China National Petroleum Corp's CNPET.
UL C$499 million ($462 million) agreement
to acquire Canada's Verenex Energy Inc
remains in effect, though the deal was
to expire today, Verenex's chief financial
officer said on Monday. Though Libya's
government has said it may pre-empt the
deal - which would see CNPC's international
arm buy the Canadian firm for its oil
properties in the North African country -
the agreement remains valid until either
party cancels it, said Verenex CFO Ken Hillier.

"Today is the outside date for the acquisition
agreement, but it doesn't terminate until
one party actively terminates it," Hillier said.
"We certainly have no intention of doing so
and we've heard nothing from CNPC to that effect.
" Verenex, a small Canadian oil producer that has
concentrated on finding oil in Libya, agreed in
February to sell itself to CNPC for C$10 a share.

However Libya balked at the deal and said it may
exercise its right of first refusal and buy Verenex's
operations itself. Verenex has been in negotiations
with Libya but those discussions have yet to result
in a solution for either the company or the North
African country.

The talks "are amicable and both parties
wish to avoid arbitration and reach a solution,
" Hillier said. "We're there to reach a deal
but as far as timing goes I can't speak to
that. They certainly don't have a timetable
they've relayed to us."

Korea and India sign CEPA

Korea and India sign CEPA
Korea and India signed a landmark free trade agreement
in Seoul Aug. 7th, 2009 with the vision of boosting their
economies through liberalized exchange of industrial goods
and services, as well as the axing of non-tariff barriers.

Korean Trade Minister Kim Jong-hoon and Indian Commerce
Minister Anand Sharma signed the Comprehensive Economic
Partnership Agreement that would either eliminate or reduce
tariffs on 85 percent of Korea's exports and 90 percent of India's
exports between eight and 10 years.

"Today marks the historic signing of the comprehensive
economic agreement, " Trade Minister Kim told reporters
in Seoul following the signing ceremony. ...

Valin Group gains CNY 0.134 billion of profits in June

【保护视力色】 【打印】【进入论坛】【字号 大 中 小】 2009-07-10 09-21
Hunan Daily reported that Hunan Valin Iron & Steel Group Co Ltd has achieved sales incomes of CNY 24.17 billion during January to June this year and gained CNY 0.134 billion of profits only in June. Its subsidiaries, like Xiangtan Steel, Lianyuan Steel and Hengyang Steel all turned loss into profits in the month. In 2009, Valin Group has increased its investments by CNY 2 billion than last year with the total investment of CNY 10 billion. At present, Xiangtan Steel 5 meters broad and-thick plate project has finished converter and conti-casting basic parts construction, and Hengyang Steel 720 large-caliber seamless steel pipe has been slated into production in July 3rd. All these huge projects will ensure the company to realize the high value added products mix adjustment plan in a bid to enter the high end steel products market in the days to come.Besides, the company has become the second shareholder of Australia third largest mining group FMG by holding 17.34% stocks in CNY 6.2 billion and also signed strategic cooperation with Shanxi Coking Coal Group.

山西太原鋼鐵集團：太鋼走出國門競爭，開拓海外礦山

(2009-3-5 13:04:48) 480人次瀏覽
　
　在不斷尋求當地資源的同時，
太鋼也正在加緊海外業務的拓展。
3月3日， 記者了解到，為了更好
地參與國外市場的競爭，
太鋼首個海外實體合資公司——
科羅姆·瑪丹鉻礦工業和貿易股份公司成立。

　　該海外實體合資公司由太鋼、
山西晉中萬邦工貿有限公司、 土耳其
CVK集團公司三方合資在土耳其
伊斯坦布爾市成立。 太鋼持有37.2%的股份
成為新公司的第一大股東，
對合資公司具有實質性的控制權。

　　近年來，一些鋼鐵企業飽受礦石供應商
的壟斷之害，鋼鐵上遊的供應源頭一直被控制
在別人手裏，發展被動。隨著對原料需求的不斷增加，
鋼鐵企業越發意識到掌握資源的重要性，
不少企業逐步開始在澳洲、美洲、東南亞等地區投資，
開發礦山。

台經院：景氣谷底已過

2009-07-31 工商時報 【王立德／台北報導】

台經院昨（30）日公布六月份景氣動向調查報告，製造業營業氣候測驗點為114.35點，超越2008年初、金融海嘯發生前的水準；服務業營業氣候測驗點為117.74點，也相當接近2008年初水準。由於營業氣候測驗點向來領先GDP兩個季度，台經院景氣預測中心主任陳淼預測，「景氣谷底已過去。」
　以製造業來說，台經院6月份所做的問卷調查顯示，認為6月景氣「好」的廠商，佔比較5月增加9個百分點，看壞比例則下滑9個百分點。
　原因在於，雖全球景氣成長倒退走，導致實質需求下滑，打壓了出口及生產，但新興市場需求仍相對熱絡，加上全球廠商回補庫存，景氣逐漸起色，多數受訪廠商預期，出貨可逐季增溫，因此對未來半年信心樂觀。
　再以服務業觀察，儘管6月份零售業買氣，在母親節及端午節檔期後降溫，但國際原物料價格及大宗物資價格，較去年同期成本壓力減輕，有正面的挹注，6月份整體批發業營業額，比5月成長8.83％。
　整體而言，服務業景氣呈現成長，6月份營業氣候測驗點為117.74點，上揚1.37點，在兩岸題材持續加溫，未來發展仍受期待下，仍是樂觀看待。
　由於製造業、服務業的營業氣候測驗點，都呈現連六個月走揚，陳淼推估，景氣谷底已過，且根據歷史經驗，營業氣候測驗點常領先GDP兩個季度，以低點1月推估，第三季GDP年增率即可轉正，預測為0.22％。

Risk Based Maintenance for Nuclear Power Plant HVAC System

1.Matsudo Research Laboratory,
Hitachi Plant Technologies, Ltd., Matsudo, Japan


2.Nuclear System HVAC Construction Department,
Hitachi Plant Technologies, Ltd., Tokyo, Japan

3.Nuclear System HVAC Construction Department,
Hitachi Plant Technologies, Ltd., Tokyo, Japan

Abstract

1. Object
Nuclear power plant HVAC
(Heating, Ventilating, Air-Conditioning)
system aims at keeping suitable environment for
main machinery, and suppressing the release of
radioactive substances into unpolluted area.
Therefore, the stable operation is always necessary
whether the nuclear reactor is operating or stopping,
and more reliable maintenance is requested.

There is rotating machinery, such as the fan pump,
and static machinery, such as the duct damper,
in HVAC system. In traditional maintenance,
we maintain the rotation machinery on the basis
of recommended frequency by vendor. And we maintain
static machinery on the basis of visual check at daily
surveillance patrol and experts' assessments.

More enhanced and more efficient maintenance than
this traditional maintenance is necessary. It is necessary
for rotation machinery to introduce condition based
maintenance (CBM). On the other hand, it is necessary
for static machinery to plan appropriately preventive
maintenance.

In view of these facts, we applied risk based maintenance
(RBM) to static machinery in Nuclear power plant HVAC
system to catch experts' knowledge and make traditional
maintenance more enhanced.

2. Method
A risk consists of the effect of breakdown and the
degrees of degradation.

First, we clarified the factors that estimate the
effect of breakdown. As a result, the factors were
repair cost, the damage of system stop, the damage
of loss of function, and mechanical downtime.
And using these factors, we statistically analyzed
the effect of breakdown.

Second, we clarified the factors that estimate the
degrees of degradation. As a result, the factors were
degradation state (corrosion and fatigue), the past
replacement track record, the use environment
(corrosive environment, wind velocity, etc)
and design data (equipment types, wall thickness, etc.).
And using these factors, we statistically analyzed the
degree of degradation　based on the model which
increases linearly along with the duration of service.

3. The main result
(1)Based on the results of questionnaire made to
three experts, the method for quantification of
the degree of influence of evaluation factors in the
evaluation formula for the magnitude of damage
by using the Analytic Hierarchy Process (AHP)
was established.

(2)By pigeonholing the fluctuation factors of service
life and changing the service life depending on the
operating conditions of equipment, the degree of
deterioration was calculated in the ratio of years
lapsed to service life.

(3) Risk evaluation of static equipment in the actual
plant was made by the established quantitative evaluation
method with the result that the equipment of high risk
evaluation was almost coincident with the equipment
having the maintenance results by the judgment of expert
engineers. The adequacy of RBM was thus confirmed.

References
[1] Takayuki Aoki .et al,
“The literacy of maintenance,” 2007

Dear Friends,

Foster wheeler informed us that their US project cancelled,
so now they have this surplus Boiler tube and pipes need to disposed off.
Origin from V&M, Vallourec,US, Sumitomo Japan, Benteler etc.. with matching MTC.
This tubular just arrived China and store in covered warehouse in shanghai.
Client accept partial order in items/qty,
indication price is 30% ~50% below market price.
Please advise your intention asap.

Validity: subject to unsold.

Any further interest, pls mail to us.
fmands@ms5.hinet.net

Very Truly Yours,
Sales Executive - Becky Fu (Phu Hinh Nghi)
Formosa M&S Overseas Sales & Services, Inc.
www.asian-alloys.com
SKYPE: fmands-becky
Tel: 886 7 397 9677
Fax: 886 7 397 9878