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Planned expansion of chemical plants to cause construction industry strain

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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