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Dow Chemical awarded $2.48 billion in court battle with Kuwaiti company

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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

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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

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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

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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

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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

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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

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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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