Media

5:04 AM, 18th June 2015
0

Shell, BG $70 billion deal crosses key milestone with US clearance

LONDON, UK: US regulators have given the green light for Royal Dutch Shell’s proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Unio ...

READ MORE

HIGHLIGHTS


5:04 AM, 18th June 2015
0

Shell, BG $70 billion deal crosses key milestone with US clearance

LONDON, UK: US regulators have given the green light for Royal Dutch Shell’s proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Unio ...

9:47 AM, 15th June 2015
0

Momentive opens logistics centre in Dubai

WATERFORD, US: Momentive Performance Materials Inc said it has inaugurated the Middle East & Africa (MEA) logistics centre at Dubai, UAE and it will act as a vital gateway to serve Momentive’s customers in the MEA region. The new logistics centre, located in the logistic city will complement the company’s sales offices and technical services lab in Jebel Ali. “Momentive continues its commitment to expanding our manufacturing and technology footprint by investing in high gr ...

10:49 AM, 7th June 2015
0

SEC investigates allegations of misspending by Dow Chemical CEO

NEW YORK, US: The US Securities and Exchange Commission is investigating allegations that Andrew Liveris, chairman and chief executive officer of the global chemicals giant Dow Chemical Co, misused company funds for personal benefit, according to people familiar with the matter, reported the news agency Reuters on thursday. It is not clear whether the SEC investigation is limited to the spending allegations or is broader in scope. Also unclear is whether regulators have ordered Dow, Liveris or ...

9:55 AM, 7th June 2015
0

Rare-earths miner Molycorp prepares to file for bankruptcy protection

NEW YORK, US: Molycorp Inc, the only US miner and processor of rare-earths elements, plans to file for chapter 11 bankruptcy protection as soon as this month to cut its $1.7 billion debt load, according to people familiar with the matter, reported WSJ last week. The Greenwood Village, Colo-based company is completing a plan that would involve senior bondholders exchanging some or all of their debt for ownership of the company, some of the people said. It is exploring options such as an equity s ...

7:39 AM, 2nd June 2015
0

Six oil and gas majors call for carbon pricing, policy framework

LONDON, UK: Six major oil and gas companies, BG Group Plc, BP Plc, Eni SpA, Royal Dutch Shell Plc, Statoil ASA and Total SA, announced their call to governments around the world and to the United Nations framework convention on climate change (UNFCCC) to introduce carbon pricing systems and create clear, stable, ambitious policy frameworks that could eventually connect national systems. These would reduce uncertainty and encourage the most cost effective ways of reducing carbon emissions widely. ...

11:18 AM, 27th May 2015
0

Borouge and Borealis open sales office in Casablanca; for energy, infra biz

ABU DHABI, UAE: Borouge and Borealis said they have opened a dual-branded sales office in Casablanca, Morocco, with an initial focus on the energy and infrastructure segment, where Borealis and Borouge have well-established track records, in the region. Also a new legal entity established for this venture is owned by Borealis and registered in Morocco, they said. Apart from boosting co-operation between the two parties, Borouge said the new office aims to meet growing demand for polyolefins and ...

6:11 AM, 19th May 2015
0

Chiyoda, CB&I, Saipem JV in the run for Mozambique LNG project

THE WOODLANDS, US: Chiyoda Corporation, Chicago Bridge & Iron Company NV (CB&I) and Saipem SpA said that the three companies’ joint venture CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique’s offshore area 1. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to Anadarko and its co-venturers taking a f ...

7:35 AM, 9th May 2015
0

Syngenta rejects $45 billion Monsanto takeover offer

ZURICH, SWITZERLAND/LONDON, UK: Agrochemicals firm Syngenta AG on Friday rejected a $45 billion takeover offer from Monsanto Company, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. Sources had told overnight that the two agricultural companies were working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion. But on Friday Syngenta said its board had unanimously rejected ...

6:51 AM, 26th February 2015
0

Air Liquide to supply industrial gases to Sasol in Johannesburg, South Africa

PARIS, FRANCE/JOHANNESBURG, SOUTH AFRICA: Air Liquide and Sasol, an international integrated energy and chemicals company, have signed a long-term agreement for the supply of large quantities of industrial gases to Sasol’s Secunda site, around 140 km East of Johannesburg, South Africa. Air Liquide will invest around €200 million for the construction of the largest air separation unit (ASU) ever built, with total capacity of 5,000 tonne of oxygen per day (equivalent to 5,800 tonne per ...

9:48 AM, 28th March 2014
1

DuPont opens expanded research facility in Delmas, South Africa

DELMAS, SOUTH AFRICA: DuPont has opened a newly expanded research facility at Delmas, South Africa, that will serve as the core of the DuPont Africa regional technology centre. The technology centre is designed to help advance DuPont’s ongoing efforts to accelerate seed product development for Africa’s farmers and help them better manage key agronomic challenges, including pest and disease pressure, climate volatility and nutrient-depleted soils. Delmas will serve as the central hub ...

Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.