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As Canada is investing billions in the development of its oil and gas industry, there is an urgent need for people to be recruited in this fast-growing segment of the economy.

Global petrochemical producers are facing fierce competition from U.S. companies that have been taking advantage of the huge amounts of natural gas available from their own oil and gas fields and used as feedstock for petrochemical production.

Russia and China have finally agreed to sign a memorandum on natural gas supplies after many years of negotiating the terms of the deal, as both parties have overcome their disagreements over pricing and potential routes.

The Windsor Farms Food Group, a major food processing and packing business based in New South Wales, Australia, is closing its doors after 37 years in business, the website SmartCompany reported.

Chinese oil and gas company Sinopec says it is striving to lower its petrochemical production costs and optimize its product mix in order to stave off competition from the U.S.

The Tulsa, Okla.-based firm is going to open a propane dehydrogenation (PDH) facility, located near its existing complex in Redwater.

Dow Chemical is planning to take full advantage of the low price of U.S. shale gas by investing in the construction of several processing plants on the U.S. Gulf Coast.

The United States should allow shale gas exports to India as this might prove a win-win situation for both countries, energy experts claim.

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.

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.