Company said its Chinese joint venture will build hydrogen production facility for PetroChina that can produce over 90 million standard cubic feet of hydrogen per day.
Oil company filed lawsuit against five companies, including U.S. subsidiary of German chemical maker BASF, for allegedly buying stolen Mexican petroleum products.
Specialty chemicals maker said it will raise prices for its Aero Melamine, citing a tight global supply and improving demand.
With a six-month moratorium ordered for deepwater drilling in the Gulf of Mexico, oilfield companies and analysts are warning of job losses and production delays.
Company extended by two months the expiration date of its $5.1 billion hostile takeover bid for rival Airgas Inc., with Airgas reiterating its opposition to the offer.
President Barack Obama pressed Congress to scrap billions in oil company tax breaks and pass legislation to help nation kick a dangerous ‘fossil fuel addiction.’
Two workers injured when a Gulf oil rig exploded told Congress that the companies in charge of the drilling operation cut corners and neglected maintenance for higher profits.
British oil giant says it has spent $930 million so far responding to ruptured oil well in Gulf of Mexico, which has surpassed the damage done by the Exxon Valdez.
Chemical company has formally pledged to reduce energy intensity 25 percent over a 10-year period in partnership with the U.S. Department of Energy.
President Obama said that the 'heartbreaking' oil spill in Gulf of Mexico underscores urgent need for alternative fuel sources to feed energy needs in U.S.
Health care products supplier Covidien said it plans to sell its specialty chemicals business for $280 million in cash to an affiliate of New Mountain Capital.
Congress is getting ready to quadruple a tax on oil used to help finance cleanups to 32 cents a barrel, which would raise nearly $11 billion over the next decade.
Massive oil spill in the Gulf of Mexico has focused attention on the petroleum industry's loose regulation and failure to plan for the worst.
Ever since an offshore drilling rig exploded over three weeks ago, boom manufacturers have struggled to catch up in what amounts to the biggest boom in booms ever.
Hexion Specialty Chemicals said it plans to raise prices on is acrylic, styrene acrylic and styrene butadiene products in Europe, the Middle East and Africa.
Crude prices have fallen about 20 percent in two weeks as investors worry that a debt crisis in Europe could spread to the U.S. and hurt the global recovery.
Deputy Assistant Secretary of Labor for OSHA says BP has 'systemic safety problem' and has not adequately addressed issues, despite being fined over $87 million.
Company probe finds problems with a second rig, which one official warned could 'lead to catastrophic operator error,' records and interviews show.
Company said deal to buy Changshu 3F Zhonghao New Chemical Materials Co. will expand DuPont's reach into the fluorochemical market.
Activists hope Gulf oil spill is the catalyst America's green movement needs to get Americans to pump less gasoline, buy hybrids and downsize their consumer lifestyle.
International Energy Agency said global oil demand is expected to rise less than previously expected as it cut its forecasts by a daily 220,000 barrels.
Lawsuit accuses BP's CEO and other executives of ignoring safety issues on oil rigs such as the Deepwater Horizon, which exploded on April 20.
Tennessee-based company that makes chemicals, fibers and plastics used in everyday products earned energy efficiency awards again from the American Chemistry Council.
German chemical company said the economic recovery and a push by customers to restock their own inventories helped it nearly triple its first-quarter net profit to $1.4 billion.