Keyword: oil and gas

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BP Seeks to Recoup “Windfall” Gulf Spill Payments

01.07.2014 - BP has asked a US judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims...

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US Shale Spurs Record Foreign Chemical Investment

30.06.2014 - Chemical producers around the globe plan to invest as much as $72 billion in new US production facilities to take advantage of cheap shale gas-derived feedstock, says a report by...

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Scotland’s Chemical Future Said Guaranteed by Grangemouth

27.06.2014 - Scotland's chemical sciences sector is well placed to survive as shakeout of the industry in Europe, thanks to new investment at the mammoth Grangemouth complex, said Sandy Dobbie...

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Brazil to Sell Cash-Strapped Petrobras New Oil Rights

27.06.2014 - Brazil plans to sell $5-9 billion in offshore oil rights to state-run oil company Petrobras, one of the main owners of chemical producer Braskem. The move is expected to saddle the...

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Outlook for American Chemistry Brightens

26.06.2014 - American Chemistry Council (ACC) Chief Economist Dr. Kevin Swift and ACC Senior Director Martha Moore presented the results of the "Mid-Year 2014 Chemical Industry Situation &...

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Repsol Gets Go-ahead to Drill for Oil off Canary Islands

25.06.2014 - Spanish oil major Repsol could begin drilling for oil off the Canary Islands within months after the removal of the last legal hurdle to a $7 billion oil exploration project. In...

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Pennsylvania Sues 50 Companies Over MTBE Pollution

23.06.2014 - The US state of Pennsylvania is suing 50 oil and petrochemical producers over groundwater pollution caused by leaks and spills of gasoline containing the chemical additive MTBE...

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ExxonMobil Begins Texas Cracker Construction

20.06.2014 - After receiving all regulatory approvals, ExxonMobil Chemical has begun construction of its new 1.5 million t/y ethane cracker project and related plastics facilities in Baytown...