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Processing e-News

Bakken Shale oil production to hit 1.7 million Bpd in 2020

Oil reserves worth approximately $118 billion are still lying under the Bakken/Three Forks Shale play system in Montana and North Dakota, according to a new estimate by research and consultancy group Wood Mackenzie.
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UK oil & gas companies upbeat for short-term growth

Over the next two years UK oil and gas companies anticipate that they will create as many as 39,000 new jobs.
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Teva's application for patent extension on Copaxone rejected

The U.S. Patent and Trademark Office has rejected the request from Israeli pharma giant Teva Pharmaceuticals to have its patent protection on Copaxone extended until September 2015.
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Global poultry industry set for slowdown, US market an exception

The global poultry market has been hit by a series of factors that are predicted to affect performance in the first quarter and margins in the second quarter of the year.
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New US petrochemical projects in need of skilled workers

Approximately 90,000 new workers will be needed next year as a number of major chemical projects are set to break ground in 2015.
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TransCanada wins firm natural gas transportation commitments for ANR

Calgary-based pipeline operator TransCanada Corp. has secured long-term commitments for the transportation of nearly 2 billion cubic feet of natural gas per day via its ANR pipeline system.
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Chevron Phillips Chemical starts work on $6 billion petrochemical complex

The petrochemical complex will include an ethane cracker with a capacity of 1.5 million metric tons per year at the Cedar Bayou facility in Baytown, Texas.
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Food processing, packaging equipment market poised for growth

The global market for equipment used in food processing and packaging is expected to grow to $31.3 billion by 2018, with a five-year compound annual growth rate of 6.3%.
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Researchers extract antioxidants from blackberries using ultrafiltration

Using ultrafiltration membranes, a team of researchers from France and Costa Rica have successfully chemically engineered the extraction of ellagitannins -- a class of hydrolyzable tannins that are rich in antioxidants -- from blackberry juice.
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BP to close Australian refinery in 2015

BP has announced plans to close down its refinery in Brisbane, citing an inability to compete with large refinery complexes in the Asia Pacific region.
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