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.
German company reports demand for liquid crystals used in flat-screen televisions and computer monitors helped push first-quarter net profit more than three times higher.
Chemicals maker reported a 10-fold rise in profit for the first quarter due to a surge in demand for its plastics, fibers and resins in developing countries.
Chemical maker continued its turnaround with a strong first quarter performance, reporting earnings of about $1.14 billion, up from $488 million for the first quarter of last year.
The British oil major said Friday it is doing everything it can to contain an oil spill from the drilling platform in the Gulf of Mexico that exploded into flames before sinking.
Landowners settled long-running lawsuit involving multiple companies, including Lockheed Martin, for $1.75 million over allegations leaks from uranium enrichment plant devalued property.
Organization of the Petroleum Exporting Countries lowered its forecast for oil demand this year, reflecting a world economy that's still struggling.
Recovery in the world's biggest economies could be jeopardized if crude oil prices stay over $80 per barrel, the International Energy Agency said.
Food and Drug Administration reviewing safety of triclosan, a widely used chemical found in antibacterial soap, toothpaste and other consumer goods.
Paint manufacturer said it has completed its $54 million purchase of Arch Chemicals Inc.'s industrial wood coatings business.
Head of Organization of Petroleum Exporting Countries said current oil prices hovering around $80 a barrel are good for world economy and oil-producing countries.