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Reckitt hit by FDA approval of rival drugs

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The U.S. Food and Drug Administration (FDA) has given the green light to two generic versions of Suboxone, a drug used for treating heroin addiction, manufactured by Reckitt Benckiser.
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China takes first steps into shale gas development

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The vast natural resources of China are one reason why the country has become one of the fastest growing economies in the world. After focusing on utilizing coal deposits for decades, the country is now looking at ways to exploit its shale gas.
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US looking to secure free trade deals with EU, Asia Pacific

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Negotiaions over proposed trade deals with the EU and countries in other key regions will be a perfect opportunity for American chemical producers to take advantage of the dramatic fall in production costs thanks to the abundance of shale gas.
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Malaysia surpasses Indonesia as top producer of hydrocarbon in Southeast Asia

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Malaysia managed to surpass Indonesia as the top producer of upstream hydrocarbon products in Southeast Asia in 2012, amid the difficulties that Indonesia experienced in attracting new investors.
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Qatar aims to increase petrochemical output

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Qatar is planning to strengthen its position in the petrochemical market by increasing its petrochemical output to 23 million tons a year by 2020, the country's minister of energy and industry Muhammad Saleh Al-Sada said.
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Statoil given green light for North Sea oil field project

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Norwegian energy giant Statoil is set to step into the UK sector of the North Sea following the green light it received from the British Department of Energy and Climate Change (DECC) for its Mariner heavy oil field project.
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UK chemical industry optimistic for 2013, focuses on training

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The British chemical industry is looking forward to 2013, as it shows optimism for growth, sale volumes and a general pickup in activity, following a rather difficult 2012.
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Enbridge reveals plans to convert gas pipeline to oil

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Enbridge Inc., the largest transporter of Canadian crude to the United States, and its partner, Energy Transfer Partners, have revealed plans to convert part of their natural gas pipeline to carry oil to the Gulf Coast, investing up to $3.4 billion in the scheme.
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Consumers' changing preferences fuel strong demand for natural colorants

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Consumers across the globe are trying to switch to a more environmentally friendly lifestyle, and when buying products they often pick those that are made from natural and simple materials.
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Queensland to open up shale oil industry

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The government of Australia's state of Queensland intends to give the go-ahead to the development of a commercial shale oil industry, Natural Resources Minister Andrew Crips said earlier this week.
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