Researchers say that a late-season storm could disrupt the US oil production by 4 million barrels.
Researchers said that a late-season tropical storm, which is predicted to intensify this week into a Category 2 hurricane in the U.S. Gulf of Mexico, could reduce U.S. crude oil production by approximately 4 million barrels.
LyondellBasell's Plastics Business to Double with Schulman Deal
Petrochemicals company LyondellBasell Industries NV will buy plastic composites maker A. Schulman Inc for $1.24 billion, doubling the size of its plastics business. LyondellBasell will pay $42 per share…
CNOOC Orient Petrochemicals Cuts Refinery Emissions
In a move to improve air quality in Hainan Province, China, the CNOOC Orient Petrochemicals Co. Ltd. recently commissioned a DuPont BELCO EDV Wet Scrubbing system at its oil refinery located…
Dow, DuPont Complete Planned Merger
Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont. Shares of DuPont and Dow stopped trading at the close of Aug.
BASF: Role of Oil & Gas Unit to Decline
CEO says focus of profitability drive to be on chems, agchems, but sees no reason to exit oil and gas activities. BASF, the world's largest chemicals maker, said its focus would be on boosting…
Liveris to Retire From DowDuPont
Dow Chemical Co, which is merging with DuPont, said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018. Liveris said in February 2016 he would retire by mid-2017…
DuPont Settles Teflon Chemical Lawsuit
DuPont and Chemours Co said on Monday they had agreed to pay about $671 million in cash to settle several lawsuits related to the leak of a toxic chemical, used to make Teflon, that has been linked to cancer and other diseases.
EU Halts Dow, DuPont Deal Review
EU antitrust regulators have halted their scrutiny of the $130 billion merger of Dow Chemical and DuPont after the companies failed to provide crucial data, the European Commission said on Friday.
Dow, DuPont to Merge
Each co's shareholders to get about 50 pct of DowDuPont; DuPont CEO Breen to get top job at combined company. Chemical giants DuPont and Dow Chemical Co agreed to merge in an all-stock…
Vopak Staff to Strike if Pay Offer Not Improved
Workers at oil storage firm Vopak will take strike action if the company does not make an improved pay offer as part of a collective bargaining agreement by Monday, a union official said on Friday.
Shell Board Appoints Holliday as Chairman
Royal Dutch Shell plc’s board of directors has appointed Charles O. Holliday as chairman with effect from the conclusion of the 2015 Annual General Meeting (AGM), subject to his reappointment…
'Fantasy Fuel': Novozymes Looks to the Future
When Denmark's Novozymes first wondered in 2000 how its mass-produced enzymes could be used to make advanced biofuel, the industry did not exist and only now is the fruit of its labour…
White House Partners with Industry to Tackle Greenhouse Gas
The White House on Tuesday announced steps to tackle a potent greenhouse gas used in refrigeration and air conditioning, of which the United States is the world's largest producer, a week…
