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Global Processing e-News

German RWE to sell oil and gas exploration operations

German electric utilities company RWE has announced that it is putting an end to its oil and gas exploration activity, in the hope of cutting its debt and capital expenditure.
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EU chemical production drops in 2012

According to the new Chemicals Trends Report released by the European Chemical Industry Council (Cefic), total production of chemicals in the European Union dropped 1.5 percent in 2012.
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Dow Chemical awarded $2.48 billion in court battle with Kuwaiti company

Legal proceedings that have been going on for years between Dow Chemical Co. and Kuwaiti state-owned Petrochemical Industries Co. are finally over, after an international court awarded an extra $318 million to the American chemical corporation.
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Coal use in UK rises in 2012

The double-dip recession in the UK last year had far-reaching implications and affected every sector of its economy. Energy was no exception, according to a new report released by the Department of Energy and Climate Change.
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New Zealand considers east coast oil and gas operations

New Zealand is considering whether to develop an onshore oil and gas industry on the East Coast of the North Island, following a government report looking into the potential benefits, impacts and risks of drilling operations in the region.
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Oil and gas investments in North Sea reach highest level in 30 years

According to the latest Oil & Gas UK 2013 Activity Survey, investments in the sector in the North Sea have reached their highest level for more than three decades.
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Africa looks for a share in global petrochemical, oil-refining markets

Ongoing reforms in Nigeria's gas sector will make the West African country a regional hub for petrochemical and fertilizer production by 2017, according to Nigerian National Petroleum Corp. (NNPC) Group Executive Director David Ige.
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Eni makes natural gas discovery in Mozambique

The discovery was made within the Mamba Complex, in Area 4, at the Coral 3 delineation well, and confirms the potential of Area 4 at 75 trillion cubic feet of gas in place, Eni said.
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Reckitt hit by FDA approval of rival drugs

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

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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