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Global Processing e-News

World oil consumption will continue rising, EIA says

Patterns of oil consumption are set to change over the next few decades, with a slow decline in some parts of the world and an increase in other regions.
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Wintershall acquires shares in oil & gas fields from Statoil

BASF subsidiary Wintershall Holding GmbH is expanding its oil and gas holdings in the North Sea, the company announced on Friday.
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Global pharmaceutical sales projected to reach $1 trillion in 2014

The outlook for the pharmaceutical industry is bright, according to a new report that identifies a number of positive trends.
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FMC to acquire crop protection company Cheminova for $1.8 billion

Chemical company FMC Corporation is to acquire Cheminova A/S, a multinational crop protection specialist based in Denmark.
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Widening gap between water demand, supply drives India's desalination market

India is among the most water stressed countries and industry demand for process water is increasing.
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Chevron Phillips Chemical sells Ryton PPS business for $220 million

Chevron Phillips Chemical Company has agreed to sell its Ryton chemical business to Solvay Specialty Polymers USA LLC, the company announced.
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UK to set up food crime unit

A Food Crime Unit will be established in the United Kingdom to help strengthen consumer confidence in the country's food.
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Norway's Statoil resumes operation at In Amenas gas plant after attack

Norwegian oil company Statoil is ready to resume normal operations at its In Amenas gas plant in Algeria, following last year's attack.
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Labour Party wants stricter rules on fracking in Britain

Britain's Labour Party is aiming to amend the current infrastructure bill before the House of Lords in an attempt to strengthen the regulation covering fracking.
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China's Sinopec shortlists 37 bidders for fuel marketing unit

State-controlled Chinese energy giant Sinopec has selected 37 potential buyers for a 30 percent stake in its fuel marketing unit, which analysts value in the region of $20 billion.
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