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Oil & Gas

US plastics industry export grows in 2012

According to new data from the Society of the Plastics Industry (SPI), the end of 2011 marked a growth for the U.S. plastics industry, with the first recorded job increase since 1999.
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Indonesia to invest heavily in petrochemical industry

Indonesia is planning to boost its petrochemical industry and start exporting by 2016 thanks to two upstream petrochemical centers that will be constructed over the next couple of years.
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UK government lifts ban on fracking but tightens controls

The British government has decided to lift the restrictions on extracting gas from shale rocks using the method of hydraulic fracturing, known as fracking, the Department for Energy and Climate Change (DECC) has announced.
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Canada's oil and gas industry faces important changes in 2013

The Canadian oil and gas industry is facing a new year that could bring numerous changes not just for the sector but also for the development of the industry in the whole of North America.
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Gabon ponders new contract terms for foreign oil companies

LIBREVILLE, Gabon — Foreign investors in Gabon''s oil production sector might face tougher conditions, under new government plans aimed at squeezing more money from international companies.
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UAE's biggest petrochemical company launches employment drive

ABU DHABI — Abu Dhabi’s leading petrochemical company, Borouge, has announced plans to expand its operations and focus on creating jobs in the United Arab Emirates (UAE), according to
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DuPont breaks ground on cellulosic ethanol facility

NEVADA, Iowa — DuPont broke ground Friday on a new cellulosic ethanol facility in Nevada, Iowa, which the company believes brings it one step closer to commercializing advanced biofuels.
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Strategic alliance to advance biomass initiatives

OWOSSO, Mich. — Tri Mer Corp. and Enginuity Energy LLC have established a research agreement for the testing of biomass fuels at Enginuity Energy’s research and development lab in Harrisburg, Pa., the companies announced.
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Taiwan's petrochemical industry to see output rise in Q4

TAIPEI, Taiwan — Taiwan''s petrochemical sector is predicted to grow over the last three months of the year. A government report expects a 7.6 percent rise in output compared
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BP to sell Texas City refinery to Marathon Petroleum for $2.5 billion

BP has announced over $35 billion toward its goal of $38 billion in divestments
Oil & gas giant BP reached an agreement in October to sell its Texas City, Texas, refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corp. for $2.5 billion.
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