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Planned expansion of chemical plants to cause construction industry strain

December 16, 2013
A new analysis by research company IHS claims that plant expansion from design and engineering to welding will be slowed down by rising costs and a shortage of construction workers.
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US oil production hits highest level in 25 years

December 16, 2013
Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically.
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US equipment and software investment to increase in 2014

December 16, 2013
Industrial equipment investment reached growth of 5 percent in the third quarter of the year and the trend is set to continue in 2014.
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Global spending on medicines to grow by up to 6% per year through 2017

December 11, 2013
The key factors that will drive global drug markets are better access to medicines due to rising disposable income in developing countries and more favorable economic conditions in emerging markets.
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Fracking uses more water than thought, study claims

December 11, 2013
In one of the states where fracking has become a day-to-day business, authorities have found that, in order for the fuel to flow, "maintenance water" is also required.
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TransCanada launches operations at Keystone's southern leg

December 11, 2013
The pipeline section is expected to be operating at full capacity by the end of the year and will move about 3 million barrels of oil.
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Oil & gas companies to spend more on exploration, production in 2014

December 11, 2013
International oil and gas companies are set to increase their spending on exploration and production in 2014, with the rise being most significant in North America.
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Mexico may allow private companies to extract oil

December 10, 2013
The proposal to amend Mexico's constitution and allow private investors access to the country's oilfields comes from members of the two largest political parties.
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Ineos to import US ethane for Grangemouth facility

December 10, 2013
The Grangemouth chemical plant in Scotland may go from huge losses to instant profitability thanks to the saving plan drawn up by Swiss-based international operator Ineos Group Ltd.
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USDA launches new action plan for tackling Salmonella

December 10, 2013
The Salmonella Action Plan is intended to deal with the disease in an aggressive and comprehensive way and will help to make meat and poultry safer for American consumers.
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