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NEW YORK — The only green shoots the chemical industry has seen lately are coming from the one-time diminutive agricultural side of the business, a shift that has spurred both new partnerships and legal battles to stake out new territory and protect profits.
Natural gas stockpile levels jumped last week, though the increase met expectations and demand for the fuel continues to sag, the government said Thursday.
Oil prices sank below $60 a barrel Friday, ending a week in which crude has fallen more than 10 percent on growing pessimism about the economy and also the well-being of companies about to report second-quarter earnings.
Nuclear power giant Areva said Tuesday it would sell its transmission and development division in a bid to raise cash to shore up its balance sheet and fund future investments.
Agrium Inc. said Tuesday it will walk away from its proposed takeover of CF Industries Holdings Inc. if a "compelling majority" of the fertilizer maker's shareholders don't sign off on the deal.
Natural gas stockpiles rose more than analysts expected last week, the government said Thursday, as demand continues to lag.
The chance of a severe 2009 hurricane season continues to fade, according to the most recent forecasts, a potential break from recent years when violent storms smashed in the Gulf Coast and sent energy prices spiking.
Dow Chemical shareholders narrowly approved a proposal Thursday to have nonbinding say on executive compensation.
The compensation received by Nabors Industries Ltd.'s chairman and chief executive more than doubled to $91.5 million in 2008, according to an Associated Press analysis of a recent regulatory filing, in a year when the oil and natural gas driller saw its net income and stock price fall sharply.
Venture capitalists reined in spending on renewable energy to begin the year, with funding for research and startup projects falling 63 percent through March, according to an industry report released Monday.
Dow Chemical Co. announced a plan Friday to retire preferred shares used for its recent buyout of Rohm & Haas, a move that will save it millions in dividend payments.
Dow Chemical Co. said Tuesday it hopes to sell about $1.63 billion in common stock to pay down debt related to its recent acquisition of Rohm & Haas Co.
Shell Oil Co. reached a $5.8 million settlement Thursday with environmental groups and agreed to cut greenhouse gas emissions at a Gulf Coast refinery.
Crude inventories rose more than forecast last week while gasoline inventories jumped despite expectations for a dip, according to government data released Wednesday.
Natural gas storage levels in the U.S. rose last week to meet analysts' estimates, but remain well above historical levels, a government report said Thursday.
Crude oil inventories rose much more than expected last week, as demand for gasoline and other fuels continued to slide, according to government data released Wednesday.
The chairman and chief executive of coal miner Massey Energy Co. received compensation valued at $19.7 million in 2008, a 17 percent decrease from the previous year, according to an Associated Press analysis of data filed with regulators Tuesday.
For Ben Veligdan, a music teacher in Brooklyn's Coney Island neighborhood, opening the electric bill became a monthly surprise.
The chairman and chief executive of independent oil and gas company Range Resources Corp. received compensation valued at $7.4 million in 2008, a 23 percent increase from the previous year, according to an Associated Press analysis of data filed with regulators Monday.
The president and chief executive of gas and electric utility NiSource Inc. received compensation valued at $3 million in 2008, a 37 percent increase from the previous year, according to an Associated Press analysis of a regulatory filing.
BASF, the world's largest chemical maker, says it has found a way to prevent cavity-causing bacteria from attacking teeth, a development that could be seen in toothpaste, mouthwash and even candy as early as next year.
The amount of U.S. natural gas in storage did not change last week from the week before, as higher production offset regional consumption, a government report said Thursday.
The chairman and chief executive of Southwestern Energy Co. received compensation valued at $7.1 million in 2008, a 35 percent increase from the previous year, according to an Associated Press analysis of a regulatory filing.
Crude inventories rose less than analysts forecast last week and gasoline stockpiles grew as demand for motor fuel continued to fall, according to government data released Wednesday.
The chairman, president and chief executive of Dow Chemical Co. received compensation valued at $12.8 million in 2008, a 14 percent decrease from the $14.9 million he received the previous year, according to an Associated Press analysis of a regulatory filing.
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